Gav-yam Lands Corp. Ltd · TASE:GVYM
Gav-yam Lands — Investor Presentation (September 2021)
65 slides from Gav-yam Lands's investor presentation, Sep 30, 2021
Slide 1: Capital Market Q3 2021
GAV~ YAM Capital Market 3 Quarter 2021
Slide 2: Over 90 years of leadership in high-tech parks and offices
© Over 90 years of leadership in initiating, developing and managing GAV YAM high-tech parks and offices, logistics and industry have established Gav Yam as the leading income-producing property company in Israel, and among its customers are a variety of leading technology companies from Israel and
Slide 3: About Gav Yam
About GAV° YAM 1,034,000 m2 —— 9.5 Billion NIS ——— 430 ——— 43% Income-producing Investment property Customers *LTV properties 20°" 408 Million NIS —— 363 Million NIS ———— 193 Million NIS Rental Income EBITDA FFO attributed to shareholders Net Debt *
Slide 4: Main areas of activity
GAv®YAM Main areas 5 of activity 22, rental revenue 76% of the Company's rental revenue 19% of the Company's rental revenue * Wide geographical and sectoral distribution ¢ Top tier international and Israeli companies * No significant customer who generates more than 10% of rental revenue * Strategic
Slide 5: The Company's customers
The Company’s customers 25 2.75 GaAV®YAM Risk diversification NIS billions, including in constaction (as of Dec. 31,2020) Companies traded on the world’s leading stock exhanges Companies traded on Order backlog in NIS billions, not including in constaction (as of Dec. 31,2020) Average term of lease
Slide 6: The Company's customers
Gav®YAM — The Company’s customers D Gi amazon ¢ evn sytem BB Vicrosoft Pfizer pewtevc (intel WiIxX winsome >, | RAFAEL@> Medtronic © yahoo! Google National Cyber Directorate NVIDIA. MOTOROLA source Zerto [PN] ¢sraasy Vv ciel si. “i ‘ we 7 ~— tufim Regus lovisticoe pusson trax cece Siow g- wework. SI
Slide 7: We Grow With Our Customer
We Grow With Our Customer — A 2024 202' PHILIPS a
Slide 8: Gav-Yam national presence and cities
Gav®YAM - 1 9 GavyaM cav?vaw Gav® vam: Cities ana GAV® YAM! =} oan + GAV®YAMTLV-@ 22 Ur Nationd sae 4 é enya env®vani % Ley Presence sie ~ “ 7 cav®vaM "67 we cavvame PAS ang indust) © cmv? van env®van anise Gc v©vaM eo 10) cupancy
Slide 9: Gav-Yam assets and expected growth
SS saci — Gav-Yam assets 1,034,000 (Including approx. 277,000 m? of parking) 438,000 m? Available building rights 501,000 In construction, planning and licensing stages 48% 501,000 m2 In construction, planning and expected growth y 2026 3 N licensing stages 438,000 Available building rights (main ar
Slide 10: Connection with leading academic institutions
WEIZMANN INSTITUTE OF SCIENCE In our technology parks, a unique connection has been created between leading academic institutions and quality human capital, alonside a variety of leading technology companies from around the world AON AYN NIV University of Haifa GAV°YAM
Slide 11: Distribution of income-generating property
Distribution of 6.9% income a bey fe Logistics and Industry (1) 3), 248,500 RB 1714 Gav®YAM — High-tech and Offices (1) NIS millions iG 714,600 | BL m a y Value of income- Clee generating property @& 5,950 NIS millions . A 8,096 2 98, Commerce NIS millions » 51,900 > om & fevers i, 81% 7 Caprate 0)
Slide 12: 3rd Quarter 2021
GAV~ YAM 3" Quarter 2021
Slide 13: Existing Properties
Existing Properties 1-9/2021 7-9/2021 13
Slide 14: Signing of lease agreements
Signing of lease agreements Q3 average real increase 3.3% Real increase Existing Exercise of 2.4% | Properties option 15% 4-9/2024 7-9/2024 123 45 Number of Number of lease lease Real Increase 9 69,500 23,000 48% Above ground Above ground area (mm?) area (m?) Real Increase 1.8% NIS 49.4 million NIS
Slide 15: Meyerhoff Center, Haifa sale of property
Gav°YaM — Meyerhoft Center, Haifa Sale of property The proiect Retail Center includina a number of smaller structures on 3.500 sauare meters Proceeds NIS 35 million sal g Net profit ale ATA ZS 28 rescodqurer —- SD) NIS6 million we sold our interest in this property to the other partner. Company's sh
Slide 16: Ramat HaNasi, Haifa sale
GaAV®YAM July 2021 The proiect Number of housina Ramat HaNasi. Haifa units Approx. 350 units approved for construction under the existina City Buildina Plan Net profit Sale Sold for the amount of NIS NIS 55 million 215 million, and a conditional consideration according to the number of housing units
Slide 17: Gav Yam Park, North Herzliya sale
Gav Yam Park, North Herzliya July 2024 Purchaser - Arkin The proiect Ha Mada 14, Herzliva Proceeds The property was sold for NIS 60.5 million | The Purchased Property 3.600 square meters on an area of 1.1 dunams. Additional building rights. 3,000 square meters Gav°YaM —
Slide 18: Kiryat Ha Memshela, Holon
Kiryat Ha Memshela, Holon The proiect Our comapny was awarded the contract to build the government center in Holon Rental Agreement 10 years, NIS 14 million per year | Aug 2021 The Area 29,000 m’, 15,500 m* above grove area The Project includes government offices, the Office of Tourism, Office of Tr
Slide 19: 3rd Quarter
GAV~ YAM 3° Quarter
Slide 20: Attributed to shareholders
695 408 401 363 385 391 361 384 388 364 172 193 320 181 Attributed to Attributed to shareholders shareholders 20
Slide 21: Attributed to shareholders
235 139 132 134 129 132 121 132 119 130 122 69 59 47 Attributed to Attributed to shareholders shareholders 21
Slide 22: Summary of financial data
Summary of financial data 2o20/es 4.92024 (in NIS millions) Rental Income NOI Same Properties NOI EBITDA Increase in fair value of investment property Cash flow from operating activities Net profit attributed to shareholders FFO attributed to shareholders Gav°YaM —
Slide 23: 3rd Quarter results
2020/21 3rd Quarter 139 134 3.7 132 130 1.5 132 129 2.3 121 119 1.6 183 - - 132 122 8.2 235 47 400% 69 59 17% 23
Slide 24: 9,492 8,219 15.5 (3.3%) 4,327 3,624 19.4 51.2% 50.1% 1.1 3,213 2,774 15.8 *
9,492 8,219 15.5 (3.3%) 4,327 3,624 19.4 51.2% 50.1% 1.1 3,213 2,774 15.8 * 5,671 24 24
Slide 25: Summary of balance sheet
Summary of balance sheet (in NIS millions) Gross financial debt Other liabilities Deferred taxes Total equity attributable to shareholders Non-controlling interest Total liabilities and capital Liquid resources Investment property: Property under construction Land Income-producing property Other ass
Slide 26: Growth in income-producing properties and rental income
— press, . ; cav°vaM — properties and in rental income from building 4,0 %/ (298,000) 58% (NIS 196 million) = o | a oO oO oO 000'S66 000'7€0'F 2012 2013 2014 2015 2016 2019 2020 HB income-producing property (m?) Hi Rental Income from buildings (NIS millions) Forecast 2024* * The revenue represents Q
Slide 27: Forecast
734 516 490 430 441 406 377 333 349 323 2012 2013 2014 2015 2016 2017 2018 2019 2020 Forecast 2024 27
Slide 28: Leverage rate
שיעור מינוף )(% 49 53 51 49 50 45 47 47 50 51.2 534 510 445 459 421 408 392 346 361 338 2012 2013 2014 2015 2016 2017 2018 2019 2020 1-9.2021 28 28
Slide 29: Growth in the value of investment property
Gav°YAM — Growth in the ValUC a of investment property (in NIS millions) 9,492 _o 0 8,219 \) Distribution of investment 7,770 \ 6,752 6,379 property value as of September 5.497 5,858 30, 2021(NIS millions) ‘ 4,930 2186 . 85% Property under 4,457 86% ° construction 9 819 _ 33% Me 82% Be 9% 84% 2012 2
Slide 30: Forecast
688 458 480 401 407 353 375 308 328 298 2012 2013 2014 2015 2016 2017 2018 2019 2020 forecast 2024 30 30
Slide 31: Summary of expanded solo financial data
Summary of xpand ed d solo financia data* (in NIS millions) Rental Income NOI Same Properties NOI EBITDA Increase in fair value of investment property Net financing expenses Tax Expense Net profit FFO 228 304 * Share attributed to shareholders (MATAM company, 50.1%, GAV YAM Negev, 73.25%) Gav®YAM —
Slide 32: Summary of expanded solo balance sheet data
Summary of expanded solo al.tax* financial data (in NIS millions) Gross financial debt Other liabilities Deferred taxes Equity Total Liabilities and Equity * Share attributed to shareholders (MATAM company, 50.1%, GAV YAM Negev, 73.25%) Liquid resources Investment property: Property under constructi
Slide 33: *386 2012 2013 2014 2015 2016 2017 2018 2019 2020 33 33
*386 231 240 199 187 170 159 135 132 132 2012 2013 2014 2015 2016 2017 2018 2019 2020 33 33
Slide 34: Q3 2021
z > q U) 2021 Q3"° Quarter
Slide 35: 467,600 197,100 664,700 500,800 4,434 3,463 378 35 35
1 2 3 4 5 6 7 8 9 10 11 12 13 467,600 197,100 664,700 500,800 4,434 3,463 378 35 35
Slide 36: Projects in development: yield and cost by project
THE The Company’s Share Expected Yield The Company’s Shares, expected in NIS millions 1 23,000 138 66 14 10.1% 2 23,500 135.5 105.5 14.5 10.7% 3 17,500 86.5 70 10 11.5% 4 50,400 310 237 22 7.3% 5 36,000 230 207 14.9 6.5% 6 58,700 600 563 49 8.1% 7 60,000 640 507 40 6.3% 8 102,500 1,500 1,150 140 9.3
Slide 37: Projects in planning
Projects in planning 1 2 3 4 5 6 The Projects Gav-Yam Park Rehovot #5 22,000 15,000 37,000 27,000 Gav-Yam Caesarea Business Center #1 11,500 - 11,500 5,750 Gav-Yam Park Yavne-Kiryat 40,000-45,000 - 40,000-45,000 | 40,000-45,000 Melacha Gav-Yam Park Negev #5 12,000 - 12,000 9,000 Gav-Yam Park Herzliy
Slide 38: Projects in development: annual rental revenue
Projects in development After completion and population of Total rentable space (th quarter 2024 approx. 1,538,000 m2 ‘projects in development (an additional of 501,000 square meters) Annual Rental Revenue 12/2024 Year 12/ 2026 Year Rental revenue and FFO in NIS million “The data presented does not
Slide 39: Projects in development: office space
Gav°YaM — Projects in Office Space development Gav-Yam Holon Gav-Yam Park Raanana #1+#2+#3 Matam East Herzliya North 02 (Additional Building) #£1+#2 Hebrew University
Slide 40: Projects in development: logistics and industry
Projects in fe Logistics and Industry development Gav-Yam Park Gederot #1 Gav-Yam Park Haifa Bay #4, Gav-Yam Park Ashkelon #1 Gav-Yam Park Haifa Bay £3 3
Slide 41: Matam East #1 and #2
Gav®YAM — Projects in development Matam East #1 . Approx. 46,000 m? of which 28,000 m? is above Matam Towers East #1 + #2 ~ ground a ono & ow tt Total cost NIS 276 million Revenue NIS 28 million =) Yield 10.1% £ Matam East #2 cs Approx, 47,000 m? (a) of which 28,500 m* is above .="5 ground Completio
Slide 42: Matam Towers East #3
Gcav°vaM — Projects in Matam Towers East #3 development ai EAE of whicl , mis above “A ground a) Completion date Q4/2022 <@& Total cost NIS 173 million S Revenue NIS 20 million =) Yield 11.5% Total Matam Towers East #1+#2+#3 - 128 thousand m? of which 76,500 m? is above ground. (33,000 m? have been
Slide 43: Matam Towers East #1 + #2
GAV°YAM Matam Towers East #1 + #2 ‘gi “Qctober 2021
Slide 44: Gav-Yam Park Raanana #1
Projects in development _.. Approx. 72,600 m? jo which 40,000 m? is ~~ above ground Gav-Yam Park Raanana #1 Completion date Q3/2023 Total cost 6 NIS 310 million © Revenue NIS 22 million =) Yield 7.3% Combination transactions The Company's share 69.5% mnt
Slide 45: Gav-Yam Park Hebrew University, Stage A
Gav®YAM — Projects in development aay SSRN of whic A m’ is A. above ground Completion date Q2/2024 Total cost 6 NIS 600 million 9 Revenue NIS 49 million Gav-Yam Park Hebrew University, Stage A 4}, Lightricks 16,000 m? above ground =) Yield 8.1% — im. | TT Combination transactions il i mai . 2 The Co
Slide 46: Gav-Yam Herzliya North 02 expansion
Projects in development ce Approx. 60,000 m? (3) of which 38,000 m? is above ground Completion date Q4/2025 Total cost NIS 640 million Revenue NIS 40 million w | &] OO] Yield 6.3% Gav-Yam Herzliya North 02 expansion and parking Gav°YaM —
Slide 47: Projects in development
Projects in development . Approx. 205,000 m** al A . ee a Ouse & ow tt Total cost* ras = NIS 3 milliard ces § Revenue * NIS 280 million Yield 9.3% *The Company's share 50% Gav®YAM —
Slide 48: GAV°YAM
GAV°YAM Metro station planned Partial arkin Troha
Slide 49: Gav-Yam Park Gederot #1
ll GAV°YAM Gav-Yam Park Gederot #1 Approx. 7,500 m? Completion date Q4/2021 Total cost NIS 55 million Revenue NIS 4 million Yield 7.3% ap
Slide 50: Gav-Yam Park Haifa Bay #3
ievslooment Gav-Yam Park Haifa Bay #3 (a) Approx. 6,100 m? Completion date Q2/2022 Total cost 6 NIS 33 million © Revenue NIS 3 million =D Yield 9% Gav®YAM —
Slide 51: Gav-Yam Park Haifa Bay #4
Gav®YAM — Projects in development Gav-Yam Park Haifa Bay #4 “L), Approx. 20,000 m? Completion date Q1/2023 Total cost & NIS 125 million © Revenue "NIS 10 million =) Yield 8%
Slide 52: Gav-Yam Park Ashkelon
Gav®YAM — Projects in development Gav-Yam Park — Askelon » Approx. 40,500 m? to be built on approx. 55 dunams, “_ in Ashkelon industrial zone a ons & 4 tt Total cost NIS 190 million Revenue NIS 12 million Yield 6% **Upon completion of the plant's construction Gav-Yam's share -70% Rav Bariach's share
Slide 53: Gav-Yam Holon
Gav®YAM — Projects In Gav-Yam Holon development — Approx. 36,000 m? | | of which 22,000 m is ~~ above ground I) i tl Completion date Q1/2024 Total cost NIS 230 million Revenue NIS 15 million Occupied & |] @|@ Yield 6.5%
Slide 54: Current building rights available for construction
mee Current Building Rights 438,000 available for construction (Company's share in the e Consolidation) H not including projects in ob construction 372 NIS millions pS eee | Main income-generating space, GAV~ YAM GAV~ YAM GAV~ YAM GAV~ YAM GAV™ YAM GAV~ YAM GAV~ YAM GAV~ YAM 220,000 m? 18,000 m? 8,0
Slide 55: Capital Markets Presentation Q3 2021
GAV~ YAM Capital Markets Presentation Q3 2021
Slide 56: Gav-Yam Rehovot #5
GAV°YAM Gav-Yam Rehovot #5 Approx. 22,000 m? is above ground 45,000 m? of underground parking * The Company's share
Slide 57: Gav-Yam Caesarea Business Center #1
Gav®YAM — Projects in planning Gav-Yam Caesarea Business Center #1 “> Approx. 11,500 m? is & above ground Partnership with Caesarea Development Corporation *The Company’s share 50%
Slide 58: Gav Yam Park Yavne - Kiryat Malacha
GAV°YAM Gav Yam Park Yavne - Kiryat Malacha Built -up area of approx. 40,000 — 45,000 m?
Slide 59: Gav-Yam Park Negev, Building 5
Gav®YAM — Projects in planning Gav-Yam Park Negev, Building 5 fy) Approx. 12,000 m? is A, above ground
Slide 60: Gav-Yam Holon, residential
GAV°YAM Gav-Yam Holon, residential Approx. 500 housing units
Slide 61: Gav-Yam Acre
GAV°YAM Gav-Yam Acre A residential project with 1,000 housing units
Slide 62: Matam Data Center, Haifa
GAV°YAM Matam Data Center, Haifa An area of approx. 12,800 m?, capacity of approx. MW
Slide 63: Capital Markets Presentation Q3 2021
GAV~ YAM Capital Markets Presentation Q3 2021
Slide 64: Forward-looking information
GAV~ YAM This presentation includes forecasts, assessments, estimates and other information relating to future events and matters, for which the extend of their realization is uncertain and is not solely under the control of the Company (forward-looking information). The main facts and data that ser
Slide 65: Thanks
Gav-Yam Lands — Investor Presentation (September 2021) on 6ix