Gav-yam Lands Corp. Ltd · TASE:GVYM
Gav-yam Lands — Q2 2025 Earnings Presentation
39 slides from Gav-yam Lands's earnings presentation, Jun 30, 2025
Slide 1: Presentation for the Capital Market
Presentation for the Capital Market Summary Q2 2025
Slide 2: Data in summary H1 2025
Data in summary H1 2025 Quarterly summary data revenue from leased property and NOI NOI for occupancy rate management fees shareholders 425 365 ILS 292 ILS million 96 % Company data ILS million million FFO for shareholders per same property NOI increase avg. duration of lease agreements Projects und
Slide 3: Data in summary H1 2025
Data in summary H1 2025 Quarterly summary data net financial debt weighted avg. effective interest, income-generating properties index-linked 8,508 2.21 % 6.7 % weighted rate of Company data ILS million return to value of liquid assets non-pledged properties credit facility Projects under developmen
Slide 4: Data in summary – NOI (ILS millions)
Data in summary – NOI (ILS millions) Quarterly summary data 1-6.2025 1-6.2024 % change *740-760 657 **692 2025 365 340 7% Company data *595-615 NOI forecast שנת שנת 2024 NOI FOR 292 273 7% 553 2023 533 SHAREHOLDERS 2025 forecast Projects under development שנת שנת 2023 2024 4-6.2025 4-6.2024
Slide 5: Data in summary – FFO for shareholders (ILS millions)
Data in summary – FFO for shareholders (ILS millions) Quarterly summary data 1-6.2025 1-6.2024 % change 415-425 * FFO Per management approach 212 203 4% Company data 2025 407 FFO Per Israel Securities Authority 128 125 2% forecast 401 approach FFO per management Projects under development approach 2
Slide 6: Completed projects Q2 2025
Completed projects Q2 2025 Quarterly summary data om p leted C project Company data Projects under development Residential Gav-Yam Hebrew Park #1 and #2 Total area 96% occupancy rate of Financial data 88,000 m2 (58,000 m2 Company’s share) entire office space 6
Slide 7: Company data
Company data lit 1 ! Ml = \ | |
Slide 8: Projects under development
Haifa Quarterly summary data Afula Tirat Carmel 19 Caesarea Herzliya Raanana Company data Tel Aviv high-tech, logistics and industry parks Holon 96 16 Projects under development Beer Yaakov Lod Rehovot Ness Ziona % Yavne Modiin Jerusalem occupancy rate cities nationwide Residential Financial data Ne
Slide 9: Home to the world’s largest companies
Quarterly summary data Company data Projects under development Residential Financial data 9 Home to the world’s largest companies
Slide 10: Real increase in rent H1 2025
Real increase in rent H1 2025 Quarterly summary data In the first half of 2025 the company executed 85 lease agreements, with respect to an aboveground area of 72,000 m2 generating ILS 57 million per annum Renewal contracts 7% Options exercised Company data real increase 4% real increase Projects un
Slide 11: Real increase in rent Q2 2025
Real increase in rent Q2 2025 Quarterly summary data In Q2 of 2025 the company executed 30 lease agreements, with respect to an aboveground area of 31,000 m2 generating ILS 22 million per annum. Options exercised Renewal contracts 5% 6% real increase Company data real increase Projects under develop
Slide 12: Distribution of investment real estate value
Distribution of investment real estate value Quarterly summary data Income-generating real estate 12,869 * ILS million Real estate under construction Investment real estate value 2,698 of 30 June 2025 Company data ILS million ILS 16,256 million 17% Projects under development 79% 4% Residential Land
Slide 13: Income-generating property value
Income-generating Quarterly summary data property value 6.7% rate of return 1.2 million m2 Company data 77% high-tech parks and offices 19% logistics Projects under development and industrial ILS 12,869 milion Residential 4% Financial data retail 13
Slide 14: Sustainability
Quarterly summary data Sustainability Gav-Yam initiates and establishes projects under the LEED rating system, combining Company data innovative environmental solutions for energy and water conservation, pursuant to green construction standards Projects under development Renewable Green Energy energ
Slide 15: LEED rating system projects
LEED rating system projects Quarterly summary data Company data Projects under development Gav-Yam Hebrew Campus Matam East Towers #1 and #2 TOHA #1 TOHA #2 #1 and #2 Residential Financial data Gav-Yam Rehovot Park #5 Gav-Yam O2 Herzliya Gav-Yam Negev Park #5 Gav-Yam Raanana 15
Slide 16: Projects under development
Projects under development
Slide 17: Projects under development
Projects under development Approximately 300,000 m2 consolidated Quarterly summary data Company data Gav-Yam Park Negev #5 Gav-Yam Park Rehovot #5 Gav-Yam O2 Herzliya Matam East Towers #3 Projects under development 15,000 m2 21% marketed 28,000 m2 100% marketed 59,000 m2 100% marketed 43,000 m2 3% m
Slide 18: Projects under development – consolidated
Projects under development consolidated Quarterly summary data Annual Rate of Revenue for Construction Costs balance representative marketed marketed Project name Aboveground Parking Total Holding rate Total costs as of 30 Jun Completion date leasing revenue aboveground aboveground (including land)
Slide 19: Projects under development – expanded standalone
Projects under development expanded standalone* Quarterly summary data Annual Rate of Revenue for Construction Costs balance representative marketed marketed Project name Aboveground Parking Total costs as of 30 Jun Completion date leasing revenue aboveground aboveground (including land) 2025 ILS mi
Slide 20: Planned projects total 50,000 m2
Planned projects total 50,000 m2 Quarterly summary data Company data Projects under development Gav-Yam Rehovot #6 Gav-Yam Negev #6 Matam Center #1 – parking building 15,000 m2 aboveground 17,000 m2 aboveground Stage A Residential 10,000 m2 parking 11,000 m2 underground parking Financial data 20
Slide 21: Residential
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Slide 22: Residential projects
Residential projects Quarterly summary data Status Project name Unites Units (total) (company’s share) Urban renewal – 102* construction and Tel Aviv – Dafna – complex 505 232 marketing: (incl. 21 rental units) 171* Tel Aviv – Dafna – complex 501 391 (incl. 35 rental units) 88* Tel Aviv – Dafna – co
Slide 23: Residential projects
Residential projects Quarterly summary data Expected start of development Under construction Short term (1-3 years) Long term (4 years +) Tel Aviv – Dafna Tel Aviv – Dafna Kiryat Yam #1+#2 Complex 505* Complex 501* Company data Herzliya North #1 Holon (parcel 21) Kiryat Ono Hannah Old Rehovot Szenes
Slide 24: Residential projects – short term
Residential projects – short term Quarterly summary data Company data Projects under development Ramat Verber, Petach Tikvah Tel Aviv – ToHa – lots 300 and 301 Tel Aviv – Dafna – Complex 501 urban renewal Tel Aviv - Dafna – Complex 505 urban renewal Residential Herzliya North #1 Kiryat Ono – Rahavat
Slide 25: Residential projects – long term
Residential projects – long term Quarterly summary data Company data Lost 8001 – Haifa Acre Beer Sheva Projects under development Old Rehovot Afula Kiryat Yam #1, #2 urban renewal v Residential Financial data Tel Aviv – Dafna – Complex 502 Holon (Parcel 21) Herzliya North #2 25
Slide 26: Financial data
Financial data
Slide 27: Financial results H1 2025 (ILS millions)
Financial results H1 2025 (ILS millions) Quarterly summary data H1 2024 H1 2025 445 425 Company data 412 392 357 365 345 340 331 331 Projects under development 203 212 125 128 Residential FFO for shareholders FFO for shareholders Net profit for Increase in fair value of SAME PROPERTY NOI Revenue fro
Slide 28: Financial results Q2 2025 (ILS millions)
Financial results Q2 2025 (ILS millions) Quarterly summary data Q2 2024 Q2 2025 366 Company data 280 263 216 Projects under development 242 197 186 167 173 171 102 108 38 44 Residential FFO for shareholders FFO for shareholders Net profit for Increase in fair value of SAME PROPERTY NOI Revenue from
Slide 29: Growth in NOI
Growth in NOI Quarterly summary data (ILS millions) Company data *740-760 **692 657 *595-615 555 553 533 516 522 Projects under development 459 427 432 365 340 273 292 Residential 2020 2021 2022 2023 2024 2025 1-6.2024 1-6.2025 )FORECAST( Financial data NOI NOI FOR SHAREHOLDERS * Annualized per fore
Slide 30: Growth in FFO for shareholders
Growth in FFO for shareholders Quarterly summary data Per management approach (ILS millions) Company data *415-425 401 407 Projects under development 313 253 240 203 212 Residential Financial data 2020 2021 2022 2023 2024 2025 1-6.2024 1-6.2025 )FORECAST( * FFO per Israel Securities Authority approa
Slide 31: Shareholder equity and dividends
Shareholder equity and dividends Quarterly summary data (ILS millions) 4,794 Company data 4,515 4,205 3,976 3,611 Projects under development 2,774 Residential 570 260 275 305 Financial data 200 135 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 30.06.2025 Shareholder dividends Equity for sha
Slide 32: Financial strength
Financial strength Quarterly summary data Weighted capitalization rate Weighted effective interest 7.38% 6.95% 6.76% 6.72% 6.58% 6.30% Company data spread from weighted cost of debt 4.5 Projects under development % spread from marginal 2.47% 2.21% cost of capital 1.77% 1.47% Residential 1.43% 3 .4 1
Slide 33: Financial debt
Financial debt Quarterly summary data Gross financial debt 10,125 Company data ILS million weighted avg. effective 82% Projects under development interest, index-linked 18% 2.21 % ILS fixed ILS 1,862 million Residential average duration index-linked 8,263 3.5 ILS million Financial data years 33
Slide 34: Debt principal repayment schedule
Debt principal repayment schedule Quarterly summary data (ILS millions) Company data 2,416 Projects under development 1,287 1,274 1,004 1,004 743 718 718 469 Residential 307 155 30 Financial data 7-12.2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 34
Slide 35: Financial data (ILS millions)
Financial data (ILS millions) Quarterly summary data Consolidated 1-6/2025 1-6/2024 [% change] NOI 365 340 7 Same Property NOI 345 331 4 Company data Fair value increase of investment real estate 445 357 25 Financing costs, net* 142 126 13 Projects under development Tax costs 126 99 27 Net profit fo
Slide 36: Financial data (ILS millions)
Financial data (ILS millions) Quarterly summary data *Shareholder share 1-6/2025 1-6/2024 [% change] NOI 292 273 7 Same Property NOI 271 264 3 Company data Fair value increase of investment real estate 365 254 44 Financing costs, net 132 116 14 Projects under development Tax costs 97 66 47 Net profi
Slide 37: Financial data (ILS millions)
Financial data (ILS millions) Quarterly summary data Consolidated 30/06/2025 31/12/2024 Liquid assets 1,617 757 Fair value of investment real estate of which 16,256 15,246 Income-generating real estate 12,869 12,009 Company data Real estate under construction 2,698 2,574 Land 689 663 Other propertie
Slide 38: Financial data (ILS millions)
Financial data (ILS millions) Quarterly summary data *Shareholder share 30/06/2025 31/12/2024 Liquid assets 1,397 661 Fair value of investment real estate of which: 13,774 12,880 Company data Income-generating real estate 10,692 9,904 Real estate under construction 2,550 2,463 Land 532 513 Other pro
Slide 39: Forward-looking information
ה Forward-looking information current state of company’s areas of activity, This presentation includes forecasts, fields of activity, and macroeconomic facts and assessments, estimates and other information data, all as known to the company at the time of relating to future events and matters, whe