Financial Highlights slide image

Financial Highlights

OVERVIEW OF GTC'S GROWTH STRATEGY Acquisition of yielding value add assets and execution of development projects... Acquisition and management of institutional grade office assets with significant cash flow / FFO contribution potential (value-add approach) Re-positioning of assets through active asset management Selected developments of institutional grade office assets in attractive locations Rigorous developments criteria ■ Effective management of risk GTCI ...in attractive markets... Source: GTC 11 GTC strategically focuses on 6 CEE countries, in markets with high economic growth, potential to increase growth further, and where GTC has a leading market position Positive outlook on macro indicators (GDP growth, spending power, FDIs) Significant opportunities for attractive equity returns due to rental yield spreads with financing margins are at widest level in more than a decade in the region ...funded without need to raise additional equity (self- funded growth) Established platform allowing for execution of strategy through organic funding only and in line with a conservative financial policy to keep LTV below mid-term target of 50% High-quality asset base and proven refinancing track-record allowing for issuance of asset-level and corporate debt at attractive borrowing terms Refinancing of development profit upon completion, allowing for significant cash generation and re-investment into value-generating projects without need to raise additional equity Over-proportionally accretive growth strategy due to leveraging on the existing platform with under-proportional cost increase | GTC GROUP | GT CI
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