Meitav Investments House Ltd · TASE:MTAV
Meitav Investments House — Meitav Investment House — Investor Presentation (October 2025)
24 slides from Meitav Investments House's investor presentation, October 2025
Slide 1: Investors Presentation October 2025
Investors Presentation October 2025
Slide 2: Disclaimer
Disclaimer The following presentation was prepared by Meitav Investment House Ltd. (hereinafter: the "Company") as a general presentation about the Company and is intended for institutional investors only. This presentation does not comprise an opinion, suggestion, recommendation or purchase consult
Slide 3: Today's Presenters
Today’s Presenters Ilan Raviv Einat Rom CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER ▪ Joined Meitav in March 2010 and has been ▪ Joined Meitav in April 2014 and has over 20 working in the financial industry for over 30 years years of experience in finance and audit ▪ Previously served as CEO of
Slide 4: The Israeli Economy at a Glance – Key Economic Highlights
The Israeli Economy at a Glance – Key Economic Highlights • Young and fast-growing Real GDP Growth GDP Per Capita Public’s Financial Asset Portfolio (%, YoY) (USD thousands) (USD trillions)(4) country(1) +4.8% +7.9% 2.7 9.3% CAGR CAGR • Mandatory Pension - Highest pension savings 6.4% 53.6 53.5 54.7
Slide 5: Meitav at a Glance
Meitav at a Glance The Leading Israeli Investment House... ...With Strong Financial Performance NIS 361B 1979 AUM (2) Founded 22% YoY ↑ 105k #1 Retail Brokerage Investment House Accounts by AUM (1) 36% YoY ↑ NIS 3,325M TASE:MTAV Total Credit Portfolio 24% YoY ↑ AA3 NIS 1.8B Midroog/Moody’s LTM Group
Slide 6: Investment Highlights
Investment Highlights Well-Positioned in Israel's economy has continued to be resilient through the current environment and displayed impressive 1 Growing Israeli Market growth despite adversity Benefit from Pension Israel’s pension system attracts capital through mandatory individual contributions,
Slide 7: Meitav is the Market Leader Among Israeli Investment Houses
Meitav is the Market Leader Among Israeli Investment Houses Investment Houses by Long-Term Savings (“LTS”) AUM (August ‘25) (in NIS billion) AUM 2024 Rank 1. 185 2 • Meitav is the leader among Israel’s investment houses, and continues to gain market share from its competitors 2. 166 1 • Strong brand
Slide 8: AUM: Consistently Positive Net Flows
AUM: Consistently Positive Net Flows Total AUM Flows (in NIS billion) 59% of AUM growth attributed to positive net flows in every quarter from Q1 2021 – Q2 2025 Key: Beginning of Period AUM Yield (net of Fees) as % of BoP AUM Net Inflows as % of BoP AUM 13% M&A Activity as % of BoP AUM(1) 8% 14% 8%
Slide 9: Revenue: Continued Growth Across All Business Segments
Revenue: Continued Growth Across All Business Segments (in NIS Million) • Total group revenue: Approximately NIS 477 million, reflecting 18% increase compared to the same quarter last year. +63% 1,619 83 1,313 318 1,192 86 1,112 99 +21% 245 186 995 99 199 928 109 188 160 50 116 405 765 162 189 +18%
Slide 10: Meitav: Selected Financial Data for Q2 2025
Meitav: Selected Financial Data for Q2 2025 Revenues Adjusted EBITDA(1) Other Other Retail 5%(2) 6%(2) Credit Retail Credit Brokerage 21% Brokerage 22% 11% 12% Short-Term 477 200 NIS Million NIS Million Savings (STS) 23% Short-Term Savings (STS) 26% Long-Term Long-Term Savings (LTS) Savings (LTS) 34
Slide 11: Selected Financial Data: An Increase of 70% in the Net Profit Attributed to the Shareholders
Selected Financial Data: An Increase of 70% in the Net Profit Attributed to the Shareholders(1) (in NIS Million) Net Profit Excluding Provisions for Legal Claims(2) Net Profit Attributed to the Shareholders Net Profit for the Period +49% +64% +64% 121 95 108 81 58 66 Q2 Q2 Q2 2024 2025 2024 2025 202
Slide 12: Segment Analysis
Segment Analysis 11
Slide 13: Long-Term Savings (LTS): Positive Net Flows Driven by Deposits and Market Share Gain
Long-Term Savings (LTS): Positive Net Flows in Long-Term Savings are Driven by Deposits and Market Share Gain, Net Long-Term Savings AUM Flows (in NIS billion) 61% of AUM growth attributed to market share gain and net deposits in Q1 2021 – Q2 2025 Key: Beginning of Period AUM Yield (net of Fees) as
Slide 14: Long-Term Savings (LTS): Significant Increase in Revenues
Long-Term Savings (LTS): Significant Increase in Revenues Revenues (in NIS million) +108% +24% 627 +24% 476 407 367 339 302 295 189 153 2020 2021 2022 2023 2024 H1 2024 H1 2025 Q2 2024 Q2 2025 13
Slide 15: Long-Term Savings (LTS): Continuous Improvement in Management Fee Rate
Long-Term Savings (LTS): Continuous Improvement in Management Fee Rate in Provident and Study Funds and a Positive Outlook Moving Forward AUM-Based Fees Rate and YoY Rate Change 0.70% 0.65% 0.65% 5.00% 0.62% 4.49% 2.73% 0.60% 0.58% 0.55% 0.55% 0.54% 0.52% 0.52% 0.50% 0.49% (3.90%) 0.48% (4.82%) (5.6
Slide 16: Long-Term Savings (LTS): Significant Increase Across All Metrics
Long-Term Savings (LTS): Significant Increase Across All Metrics Segment Profit(1) (in NIS million) +225% +39% • Meitav has become the first choice for 32% of new Pension fund members in 2024, solidifying its +43% position as a leading pension fund. 166 Currently, its pension fund ranks third 107 in
Slide 17: Short-Term Savings (STS): Continuous Performance Improvement
Short-Term Savings (STS): Continuous Performance Improvement Segment Profit (in NIS million) AUM (in NIS billion) Revenues (in NIS million) +30% +99% +25% +18% +44% +19% 161 163 162 +38% 185 405 +19% 171 371 371 149 157 346 125 128 137 323 127 95 220 66 86 185 51 114 37 96 2020 2021 2022 2023 2024 H
Slide 18: Credit Segment: The Company's Credit Portfolio Continues to Expand
Credit Segment: The Company’s Credit Portfolio Continues to Expand Total Credit Portfolio (in NIS million) +24% 3,325 3,018 3,098 2,686 2,781 781 605 677 536 593 800 792 839 660 714 1,490 1,474 1,613 1,629 1,705 30.6.24 30.9.24 31.12.24 31.3.25 30.6.25 Peninsula Meitav Financing Lotus SME Credit Rea
Slide 19: Credit Segment: Continued Growth Trend in Both Revenue and Profit
Credit Segment: Continued Growth Trend in Both Revenue and Profit Segment Profit (in NIS million) Revenues (in NIS million) +16% +96% +31% +24% +8% 318 +10% 108 114 245 98 96 84 77 188 199 189 162 152 59 40 43 89 98 2020 2021 2022 2023 2024 H1 2024 H1 2025 Q2 2024 Q2 2025 2020 2021 2022 2023 2024 H1
Slide 20: Retail Brokerage Segment: Continued Growth
Retail Brokerage Segment: Continued Growth Segment Profit (in NIS million) Revenues (in NIS billion) Accounts(1) (in thousands) +173% +88% +176% +15% +28% +17% +28% +16% 82 186 102 70 160 89 115 116 67 46 99 102 49 56 40 36 87 30 26 37 18 23 44 51 2020 2021 2022 2023 2024 H1 H1 Q2 Q2 2020 2021 2022
Slide 21: Financial Statements
Financial Statements 20
Slide 22: Balance Sheet
Balance Sheet (in NIS Million) As of As of As of As of 30.06.2025 31.12.2024 30.06.2025 31.12.2024 Cash and short-term investments 626 529 Credit from banks and others 2,066 1,910 Other current assets 2,523 2,220 Liabilities for short sale of securities 76 91 Total current assets 3,149 2,749 Trade a
Slide 23: Profit and Loss
Profit and Loss (in NIS Million) H1 Q2 Q1 Q2 2024 2025 2025 2025 2024 Revenue from management fees, commissions and other 739 379 360 316 1,301 Income from non-bank credit activity 189 98 91 89 318 Total revenue 928 477 451 405 1,619 Income refund in respect of legal claims against the Company - - -
Slide 24: PS a
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Meitav Investment House — Investor Presentation (October 2025) on 6ix