Elco Ltd. · TASE:ELCO
Elco — H1 2025 Earnings Presentation
34 slides from Elco's earnings presentation, September 2025
Slide 1: Elco Group Capital Market Presentation Q2 & H1 2025
Elco Group Capital Market Presentation Q2 & H1 Overview, 2025
Slide 2: Support for Israel Defense Forces and security services
The Elco Group stands shoulder to shoulder with the brave servicemen and women of the Israel Defense Forces and security services, who continue to put their lives on the line to protect the safety and future of our country. We all look forward to the swift release of the hostages and hope for better
Slide 3: Legal Disclaimer
Legal Disclaimer This presentation does not constitute and should not be construed as an offer of securities by Elco Ltd. ("the Company") to the public. This presentation is intended solely to present basic marketing information on behalf of the Company. The information contained in this presentatio
Slide 4: Who We Are
Who We Are The Israeli Investment Company with a Global Presence Prudent management via a Holding companies and Growth and improvement lean, focused executive ventures in which the Group while identifying and Our team can exercise effective control realizing opportunities within the activity sectors
Slide 5: Elco – Facts & Figures
Elco – Facts & Figures A Family-Controlled Public Company Active for 75 Years in Israel & Worldwide Approx. Approx. NIS 63.5% Traded on Indexes 4.7 Established 1949 Controlling Interest 24,000 TA-90, TA-125, Employees Worldwide TA-Family Billion Market Cap 1 65 Approx. NIS Approx. NIS Approx. NIS Ap
Slide 6: Activities
Activities Leading Israel’s Main Growth Engines, with Significant & Growing Overseas Activities (46%) (45%) (51%) (61%) (29.8%) Public Company (TA-90) Public Company (TA-90) Public Company (TA-90) Public Company Public Company Main Areas of Activity Main Areas of Private Equity Main Areas of Main Ar
Slide 7: H1 2025 at Elco Group
H1 2025 at Elco Group The strategy of focusing and improving the companies is bearing fruit | notable improvement in KPIs for most companies ELCO ELECTRA ELECTRA CP ELECTRA REAL ELECTRA DIC Established and consolidated The food sector is Returned to net profit – NIS 55 US operations, achieving a exp
Slide 8: Focus & Improvement Strategy While Maintaining Financial Strength
2025 Focus & Improvement Strategy While Maintaining Financial Strength Israeli Economic Focus Reconstruction & Value Addition Finance Continuing to implement Continuing to implement Renewal – War measures to improve and the focus strategy maximize the potential of Adhering to the strategy of through
Slide 9: Elco 2014-2025
Elco 2014-2025 From Traditional Industry to an Infrastructure & Retail Giant Elco Share Price Consolidated Equity Revenue Breakdown (NIS Thousands) (NIS Thousands) 21,795 9,812 +218% +779% 7,285 +229% 6,858 176 5,278 3,009 20.02 1,603 2,344 4,472 1,244 261 226 31.12.2014 25.8.2025 31.12.2014 30.6.20
Slide 10: Elco's Development Over the Years
Elco’s Development Over the Years Implementing a Growth & Improvement Strategy While Realizing Opportunities in the Activity Sectors of Group Companies & Identifying Opportunities in Complementary Fields 2015-2016 2019 Elco Elco Elco Realization of assets in Israel and overseas, and Acquisition of E
Slide 11: Elco's Development Over the Years
Elco’s Development Over the Years Implementing a Growth & Improvement Strategy While Realizing Opportunities in the Activity Sectors of Group Companies & Identifying opportunities in Complementary Fields 2020 2021 2022 2024-2025 Elco Elco Elco Elco Elco Increase in the company’s rating to ilAA-, -Im
Slide 12: Growth & Improvement While Maintaining Strictly Conservative Leverage & Strong Balance Sheet
Growth & Improvement While Maintaining Strictly Conservative Leverage & Strong Balance Sheet Development of Elco’s NAV 8,701 6,387 6,150 5,931 6,044 4,861 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 25.8.2025 Development of Elco’s Equity-to-Solo Asset Ratio 86% 79% 81% 77% 72% 68% 31.12.2
Slide 13: Maximizing the Cash Flows of Held Companies & Therefore by Elco
Maximizing the Cash Flows of Held Companies & Therefore by Elco Dividends Received by Elco* Special Dividend 245 110 116 94 58 61 2020 2021 2022 2023 2024 1-6/2025 Dividends Distributed by Elco to Its Shareholders* 70 70 65 57 60 50 2020 2021 2022 2023 2024 1-6/2025 *As of the financial reporting da
Slide 14: Financial Debt
Financial Debt Managing a Conservative Leverage Policy & Maintaining Long-Term Financial Strength Committing to Low Leverage for the Foreseeable Future Net Debt to Solo Cap Ratio LTV Ratio Based on Market Data 22% 26% 27% 19% 18% 8% 11% 11% 11% 10% 12% 3% 5% 31.12.2020 31.12.2021 31.12.2022 31.12.20
Slide 15: Elco – NAV Analysis
Elco – NAV Analysis Investment Breakdown Value (Elco’s Share, NIS Millions) Valuation Model Investment in Electra Ltd. Market Cap as of Aug 25, 2025 3,221 Investment in Electra CP Market Cap as of Aug 25, 2025 1,356 Investment in Electra Real Estate Market Cap as of Aug 25, 2025 1,564 Investment in
Slide 16: Summary of Q2 & H1 2025 in Elco Group Companies
Summary of Q2 & H1 2025 in Elco Group Companies
Slide 17: Electra Ltd.
DONE Electra Ltd. rm il is) a
Slide 18: Key Events During 2025
Key Events During 2025 Winning Major Projects in Israel & Business Strategy Internationally Netanya Government Complex An agreement was signed to sell the Group’s holdings in this Sde Dov Residential Complex, Tel Aviv concession. In Q3 2025, the company is expected to generate Won a project that inc
Slide 19: Results
Results 12,326 11,615 881 879 243 260 6,784 5,938 445* 439 134** 134 2023 2024 1-6/24 1-6/25 2023 2024 1-6/24 1-6/25 2023 2024 1-6/24 1-6/25 Net Profit EBITDA Revenue *Includes profit from the realization of the Group’s holdings in the Bar Ilan project in the amount of approx. NIS 13 Million. **Incl
Slide 20: Revenue & Backlog Development (NIS Millions) A Growth Company
Revenue & Backlog )התפתחות הכנסות וצבר הזמנות (מיליוני ש״ח Development (NIS Millions) חברת צמיחה A Growth Company הזמנות Order צבר Backlog 38,778 הכנסות Revenue 37,333 8,896 12,000 9,622 29,590 10,000 28,308 8,725 CAGR 13% 9,000 8,470 6,128 29,882 27,711 5,498 8,000 Total Backlog סה״כ צבר
Slide 21: Looking to the Future
Looking to the Future Many opportunities available as Israel’s economy enters the post-war phase, while also intensifying Electra’s US operations and presence Electra USA “The Day After” – Opportunities Acquired P.J. Mechanical in January 2025 Significant changes in public perception regarding the w
Slide 22: Electra Real Estate
=LEcTRA Electra Real Estate
Slide 23: Key Highlights
Key Highlights Impact of Regular Opportunistic Turning Point US Economy & America First Foreign Distributions to Transactions for in the Multi- Federal Reserve Since taking office, Trump Exchange on Fund Investors BTR/SFR Fund Family Housing Interest Rate has pursued an “America Company The BTR/SFR
Slide 24: Development of Managed Real Estate Assets
Development of Managed Real Estate Assets 1 Value of Managed Real Estate Assets NOI of Managed Assets (100%, $ Billions) (100%, $ Millions) 9.6 9.7 349 9 9.4 340 281 256 6.5 220 5 188 168 2020 2021 2022 2023 2024 H1 2025 2020 2021 2022 2023 2024 H12024 H12025 1. Real estate under the company’s manag
Slide 25: Electra CP
- ELECTRACP
Slide 26: Growth in Sales & Surge in Operating/Net Profit
Growth in Sales & Surge in Operating/Net Profit Q2 Results (NIS Millions) H1 Results (NIS Millions) +3.1% 3,549 Consolidated H1 2024 H1 2025 3,443 305 348 1,733 1,793 EBITDA % Income 8.9% 9.8% +3.5% EBITDA +83% 228 Excluding IFRS 16 131 161 +53% 60 93 125 % Income 3.8% 4.5% 61 Q2 2024 Q2 2025 Consol
Slide 27: Overview of Achievements by Sector, Q2 2025
Overview of Achievements by Sector, Q2 2025 Real Estate Investment Electrical Appliances Sport & Leisure Retail F&B Retail Electrical Retail Real estate valued at Approx. 1.3% growth Columbia and Adidas – Steady growth in sales Growth in sales and approx. NIS 490 Million is in sales currently being
Slide 28: Electra Power
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Slide 29: Key Events During 2025
Key Events During 2025 Implementation of Strategic Growth Plan A Quarter of Growth & Improvement Growth and improvement of the LPG sector 24% revenue growth* Growth and leadership in electricity supply to households 58% growth in cash flow from ongoing activities* Creating new growth engines Continu
Slide 30: H1 Results
H1 Results Growth in Revenue & Cash Flow EBITDA Company Revenue Cash Flow from Ongoing Activities 37 +58% 489 +30% 24 58 396 54 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 Capital Market Presentation, August 2025 | 30
Slide 31: Discount Investment Corporation
Discount Investment Corporation
Slide 32: Key Events During 2025
Key Events During 2025 Activity focused on the holdings of Property & Building Corp. after realizing the balance of the company’s primary assets 10 Bryant Tower Property & Building Corp. – Financing Lease Agreements Rating – Outlook was updated from negative to stable and the company’s ilA was confi
Slide 33: Summary – Why Elco?
Summary – Why Elco? An active, central investment Prominent leading position in Family attributes – prudent and company in the Israeli market, all of its activity areas conservative while also being with ~75 years of experience proactive and taking initiative Proven track record over many Period of
Slide 34: Thank You
S@ELEcTRA, Thank You =O)