Investor Presentaiton
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 |
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