Amot Investments Ltd. · TASE:AMOT
Amot Investments — Investor Presentation (September 2018)
61 slides from Amot Investments's investor presentation, Sep 30, 2018
Slide 1: Capital Market Presentation
Capital Market Presentation 30.9.2018 Next Slide ∠ Content ∠ ∠ AMOT Investments People First.
Slide 2: AMOT Profile
Content ∠ ∠ Capital Market Presentation AMOT Profile Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 3: AMOT Profile
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 01 05 A public company that is traded on Total real-estate value – 3.1 billion the Israeli Stock Exchange and USD included in the indices: Tel Aviv 35, Tel-Aviv - Real Estate and Tel Div. 06 02 All of the Company's assets are un
Slide 4: AMOT Profile: Debt and Ratings
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 11 Net Financial Debt – 1.5 billion USD 12 Leverage ratio – 47% !AMOT 4 Profile 13 Talking Amot The Company's bonds are rated AA/ Stable by S&P Maalot and Aa2/Stable by Moody’s Midroog. Information about the Company Next Slide ∠
Slide 5: Highlights
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Highlights Raising equity and debt in the amount of USD 286 million NOI 1-9.18 totaled USD 145 million, an increase of Acquisition of three logistic properties in the amount of 7.2% compared with the same period last year USD 12
Slide 6: A variety of uses
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. A variety of uses Offices Industrial and Logistics Commercial !AMOT 6 Profile Information about Supermarkets Talking Amot the Company Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 7: Investments Properties
Content ∠ ∠ Capital Market Presentation Investments Properties 30.9.18 Amot Investments. People First. Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 8: Income-Producing Property Value by Segment
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Offices !Investments 8 53% 1,499 Talking Amot Properties Income-Producing Segmentation of Income- Others Property Value Commercial Producing Property Value in USD million 2% 59 2,853 22% 638 Income-Producing Property Value as of
Slide 9: Fair Value by Location
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. First ring: 36% 1,019 !Investments 9 Tel Aviv metropolis Third ring: 520 18% Gedera, Hadera and Jerusalem Talking Amot Properties Fair Value by Location 88% Ring: 1-3 Income-Producing Fourth ring: 332 12% Property Value as of 30
Slide 10: Growth
Content ∠ ∠ Capital Market Presentation Growth Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 11: Continuous Growth in NOI
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Continuous Growth in NOI –Quarterly-in USD millions Continuous Growth in NOI –Annual-in USD millions 700 675 635 170 569 172 493 512 525 458 480 160 434 159 369 144 350 270 311 150% 146 6% 133 175 !1Growth 1 Noi 7-9/16 7-9/17 7-
Slide 12: Continuous Growth in FFO
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Continuous Growth in FFO along with a Decrease in the Leverage Ratio- Continuous Growth in FFO along with a Decrease in the Leverage Ratio- Quarterly - in USD millions 480 Annual - in USD millions 430 21 476 122 409 120 360 365
Slide 13: Growth in FFO per Share
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Continuous Growth in FFO per share along with a Decrease Continuous Growth in FFO per share along with a Decrease in the Leverage Ratio- Quarterly - in pennies 145 in the Leverage Ratio- Annual - in pennies 137.5 142 6.8 40 116
Slide 14: Financial Strength
Content ∠ ∠ Capital Market Presentation Financial Strength Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 15: Debt Structure
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Bonds 1,378 87% !1Financial 5 Strength Banks 115 7% Talking Amot Debt Structure – Expanded Consolidated Commercial Papers 98 6% Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 16: Debt Payment Schedule
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 207 210 170 171 171 164 157.5 144 137 134 105 71 71 52.5 !1Financial 6 Strength Talking Amot 1 2 3 4 5 6 7 8 9 10 Payment schedule (Principal Only) excluded commercial papers Payment schedule - year started in October 1 and ende
Slide 17: Liquidity and Credit Facilities
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Cash and cash equivalents in the amount of 112 millions USD All of the Company's assets are unsecured except for !1Financial 7 Strength assets valued at 3% which is held with partners. Credit facilities in the amount of 229 Talk
Slide 18: Capitalization Rate vs Weighted Interest Rate
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. The Change in the Weighted Capitalization Rate Relative to the Change in the Company’s Weighted linked Interest Rate – Financial based on the Company’s weighted linked interest rate as of September 30, 2018 Talking Amot Strength
Slide 19: AMOT Offices
Content ∠ ∠ Capital Market Presentation AMOT Offices Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 20: AMOT Offices
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. The fair value as of 30.9.2018 is approximately USD 1.5 billion The NOI from offices during 1-9.2018 is USD 76 million The average contractual-renting duration is 3-5 years (20% of rental agreements are renewed each year) The av
Slide 21: Office Properties
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Atrium Tower Europe House Hayetzira House Dubnov 10 Platinum Tower Vered House Tim House Amot Mevasseret Zion Amot Investments Tower Amot Park Afek Pliner House Habarzel 30 Ziviel House, Ramat Hahayal Verint House Amot Communica
Slide 22: AMOT Commercial
Content ∠ ∠ Capital Market Presentation AMOT Commercial Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 23: AMOT Commercial
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. The fair value as of 30.9.2018 is approximately 0.6 billion USD The NOI during 1-9.2018 is 33 million USD The average occupancy rate in commercial centers as of 30.9.2018 is 96.2%. 2 ! 3 AMOT Commercial NOI from commercial cente
Slide 24: Commercial Properties
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Arim Mall, Kfar Saba Merkazit Mall, Neve Ze’ev, Beer 124 Mall, Iben Gvirol, Jerusalem Sheva Tel Aviv Kiryat Ono Mall Hutzot Alonim Mall Amot Max, Beer Merkaz h’kirya Ashdod Sheva AMOT Commercial !24 Orot Mall, Or Akiva Brodetzky
Slide 25: AMOT Supermarkets
Content ∠ ∠ Capital Market Presentation AMOT SUPERMARKETS Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 26: AMOT Supermarkets
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Herzliya – Lev Hair Tel Aviv – Pinkas St. !AMOT2SUPERMARKETS 6 Petach Tikva Ramat Gan – Hayarden St. Holon – Sokolov St. Bat Yam Talking Amot Supermarkets with an 36 area of approximately 38,889 sqm. Ashdod – Rogozin Beit Shemes
Slide 27: List of Supermarkets
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. List of supermarkets Mega – Anbar Holon Supermarket – Arad Shufersal – Motzkin AMOT SUPERMARKETS Mega – Ashdod Mega – Bavli Mega – Hafetz Haim Mega – Ramat Efal Shufersal – Hayarden Shufersal – Or Yehuda Supermarkets with an 36
Slide 28: AMOT Industrial and Logistic Parks
Content ∠ ∠ Capital Market Presentation AMOT Industrial and Logistic Parks Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 29: AMOT Industrial and Logistic Parks
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. • The fair value as of 30.9.2018 is approximately USD 0.5 billion • The NOI in 1-9.2018 is approximately USD 24 million • The average occupancy rate as of 30.9.2018 is approximately 98.7% • The scope of logistic parks purchased
Slide 30: Amot Modi'in
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. ״Amot Modi’in Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 31: Industrial and Logistic Parks
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Poleg Park Rehovot Park Amot Modi’in Si’im Park Tech Park Yavne Frenkel Caesarea !AMOT 31Industrial Amot Hamada Best Carton Amot Ariel Amot Park Tech Cargal and Logistic Parks Talking Amot 15 Industrial and logistic parks with a
Slide 32: AMOT Developments
Content ∠ ∠ Capital Market Presentation AMOT Developments Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 33: Developments Strategy
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Developments Strategy Investment in projects under construction (land + building) up to 15% of the total property value. Construction outside of the Gush Dan region is backed by an anchor tenant. !AMOT 33 Developments Maintainin
Slide 34: Projects Under Construction 30.9.2018
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Projects Under Construction 30.9.2018 Estimated Company’s Land Estimated Book Construction Estimated Name of Estimated Location Use Share Size GLA Completion value Cost, Completion Property NOI % acre Date 30.9.18 Including Cost
Slide 35: Development Projects in Planning Phase
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Development Projects in planning phase 30.9.2018 Estimated GLA Estimated Amot’s GLA Construction Cost Name of Property Location Use Company’s Completion % Ownership 100% Company’s Share Share Date USD Millions (*) ToHa2 Tel Aviv
Slide 36: TOHA
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 3 ! 6 AMOT Developments Projects under Construction and Status of TOHA Totzeret Haaretz Tower Building Rights מדברים אמות Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 37: TOHA Totzeret Haaretz Tower
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. !37 AMOT Developments Talking Amot TOHATotzeret Haaretz Tower Main use Area for construction Parking places Group’s share Expected completion Offices 57,000 sqm. 950 50% 2018 Estimated construction cost: USD 136 million- group’s
Slide 38: TOHA Totzeret Haaretz Tower
Content ∠ ∠ Amot Investments. People First. Capital Market Presentation Talking Amot Next Slide ∠ TOHA Totzeret Haaretz Tower ∠ Previous Slide www.amot.co.il
Slide 39: TOHA2 Totzeret Haaretz Tower
Content ∠ ∠ Capital Market Presentation Main use Amot Investments. People First. Offices Area for construction !39 ״ 140,000 sqm. Group’s share AMOT Developments 50% Talking Amot TOHA2 Totzeret Haaretz Tower Additional rights: According to T”A\5000, the local committee approved for deposit under c
Slide 40: Holon
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 4 ! 0 HOLON Talking Amot AMOT Developments Projects under Construction and Status of Building Rights Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 41: Holon
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. !41 AMOT Developments Talking Amot HOLON Main use Area for construction Group’s share Expected completion Offices / Commercial / Industrial use 36,000 sqm. 78% 2020 Request for additional rights: Estimated construction cost: Pro
Slide 42: Holon (Hebrew)
Content ∠ ∠ אמות השקעות .אנשים קודם. מצגת אמות השקעות לשוק ההון מדברים אמות Next Slide ∠ חולון הדמיה להמחשה בלבד ∠ Previous Slide www.amot.co.il
Slide 43: Holon (Hebrew)
אמות השקעות .אנשים קודם. מצגת אמות השקעות לשוק ההון מדברים אמות חולון www.amot.co.il
Slide 44: Modi'in
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. !44 MODI’IN Talking Amot AMOT Developments Projects under Construction and Status of Building Rights Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 45: Modi'in
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. !45 AMOT Developments Talking Amot MODI’IN Main use Area for construction Group’s share Expected completion Logistics 34,000 sqm. 75% 2020 Estimated construction cost: Next Slide ∠ USD 71 million ∠ Previous Slide www.amot.co.il
Slide 46: Modi'in
Content ∠ ∠ Amot Investments. People First. Capital Market Presentation Talking Amot Next Slide ∠ MODI’IN ∠ Previous Slide www.amot.co.il
Slide 47: Bnei Brak
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. !47 bnei brak Talking Amot AMOT Developments Projects under Construction and Status of Building Rights Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 48: Bnei Brak
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. ! 8 4 AMOT Developments Talking Amot bnei brak Main use Area for construction Group’s share Land area offices 75,000 sqm. 50% 16.4 acre Estimated construction cost: Next Slide ∠ USD 114 million ∠ Previous Slide www.amot.co.il
Slide 49: AMOT Forecast
Content ∠ ∠ Capital Market Presentation AMOT Forecast Amot Investments. People First. 30.9.18 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 50: AMOT Forecast 2018
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 1-9.18 2018 2018 Actual Updated Forecast Original Forecast noi In USD millions 145 192-194 191-194 ffo In USD millions 103 135-136 135-137 !50 AMOT Forecast ffo Per share (pennies) 31 40-41 41-42 Talking Amot Forecast 2018 FFO p
Slide 51: Financial data
Content ∠ ∠ Capital Market Presentation Financial data Amot Investments. People First. 30.9.18 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 52: Balance Sheet Data
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 30.9.18 (USD millions ) 30.6.18 (USD millions ) 31.12.17 (USD millions ) Cash and cash equivalents 112 239 94 Income-producing property and under 3,083 3,051 2,898 construction Financial liabilities 1,592 1,654 1,485 !5 2 Deferr
Slide 53: Summary of Profit or Loss
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Change 1-9.18 (USD millions ) 1-9.17 (USD millions ) NOI 7% 145 135 Change in the value of investment properties 28 18 General and administrative expenses (3%) (10) (10.5) Financing – real interest (10%) (29) (32) !Financial 53
Slide 54: NOI by Quarter
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. NOI 7-9.18 4-6.18 1-3.18 10-12.17 7-9.17 Change USD thousands Same property NOI including Atrium 46,847 47,542 46,619 46,010 45,425 3% !Financial 54 data 1,640 1,267 1,140 55 167 New assets Talking Amot Amot Summary of Profit or
Slide 55: FFO by Quarter
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. ffo 7-9.18 4-6.18 1-3.18 10-12.17 7-9.17 Change USD thousands FFO 34,294 34,884 33,297 32,269 31,537 9% !Financial 55 data Weighted number of 345,148 327,532 325,301 316,433 313,855 10% shares Talking Amot Amot Summary of Profit
Slide 56: Summary
Content ∠ ∠ Capital Market Presentation Summary Amot Investments. People First. 30.9.2018 Next Slide ∠ ∠ Previous Slide www.amot.co.il
Slide 57: Dividend Payout Ratio and Dividend per Share
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Dividend Payout Ratio Dividend per share FFO per share 0.39 0.41 0.37 0.32 0.34 0.3 0.31 0.31 0.28 0.25 0.26 0.24 0.24 0.22 0.19 0.20 0.18 0.18 0.16 0.13 0.13 0.14 59% 61% 61% 61% 62% !57 52% 54% 49% 53% 58% 58% 2008 2009 2010 2
Slide 58: Dividend Distribution over the Years
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. Accumulated amount distributed since 2006: 0.7 BILLION USD 120 95 108 33 32 80 !5Dividend 8 Distribution 62 86 9 75 63 Talking Amot 40 51 53 43 45 37 29 Dividend Distribution over the Years (in millions USD) 0 2010 2011 2012 201
Slide 59: Summary: Our Strengths
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. 01 101 income producing properties 09 All of the Company's assets are unsecured except for assets valued at 3% held with partners 02 A variety of uses Strong tenant mix and wide geographic distribution, 10 credit facilities in t
Slide 60: Disclaimer
Content ∠ ∠ Capital Market Presentation Amot Investments. People First. The presentation does not constitute an offer or an invitation to purchase the Company’s securities, and its contents do not constitute a recommendation or opinion or a substitute for the investor’s discretion. This presentation
Slide 61: Capital Market Presentation
30.6.2018 ∠ Previous Slide Content ∠ ∠ AMOT Investments People First. Capital Market Presentation
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