Electra Real Estate Ltd. · TASE:ELCRE

Electra Real Estate — Q3 2022 Earnings Presentation

51 slides from Electra Real Estate's earnings presentation, November 2022

  1. Slide 1: Electra Multifamily Investments Fund II, Elite 99 West, TX

    ELECTRA MULTIFAMILY INVESTMENTS FUND II, ELITE 99 WEST, TX

  2. Slide 2: "S71 MAINE

    "S71 MAINE TNY 9D DDN VT'NIN'VOWN Wan I My nN) INI INA. TY 49 ADIY YTD AANA YTN N7719 1 NayN '9 [yt wa NNwA NeTAN AN‘ ['2:7719 WaXd YT'N .(“Ty NN") pin") 1968 - N"IwNA 722 NINA NR YT'N 731 NPD 01973, AWN 7Y TI XNA YT'N N17 ,DITNINI DV'7W1 TINE DINE T'X ONIWAANT WR OUT NY OY 1X/ O'VINRT ONNAT 17 MIAN

  3. Slide 3: General partner results

    ‫‪$360M‬‬ ‫‪$1B‬‬ ‫שנים‬ ‫‪5.5‬‬ ‫‪26.8%‬‬ ‫‪2.6x‬‬ ‫‪41%‬‬ ‫‪45.6%‬‬ ‫‪5.1x‬‬ ‫‪$153M $30M‬‬ ‫תוצאות השותף הכללי‬ ‫(‪)2‬‬

  4. Slide 4: Multifamily, Debt, Single Family, Hospitality, UK

    MULTIFAMILY DEBT SINGLE FAMILY HOSPITALITY UK

  5. Slide 5: wIUANE ANY YIN AVOID MII M.WA7O"NIDONI AN WIAD MIwA7WT OOD ON oN OVI ANTAA

    1 wIUANE ANY YIN AVOID MII M.WA7O"NIDONI AN WIAD MIwA7WT OOD ON oN OVI ANTAA MAA N"AVIVUN NUVI DYPWA NINW9V79OI NAP 71091 np .D"'NID'X D'DI '03J1 NIV'PWN IWR (General Partner -)) N'nipn 1NW9V79 7TN'NIVID '7Y1 D'DI 'DI) NOVA NI"vXn NiYaAWA nnawn Ty Ta ANA "N1D'N D'DI DI) NTW' nny O'7791UAl OWN'N DDN

  6. Slide 6: UNE ANY YIN AVIA NII MDWA7O"NIDONI AN WIAD MIwA7WT OVO OINI oN OVI ANTAA

    1 UNE ANY YIN AVIA NII MDWA7O"NIDONI AN WIAD MIwA7WT OVO OINI oN OVI ANTAA oDMDDNI ["7T) MV)P7N \ \ ( >) >» : by >) 0 (A3.i) ann 90N"N =QDE kico 16 $8.7B 54.7% $4.3B (ilA-) S&P ni7yn "70 x'N 2.28 125 Xx"N n'y Ip7X NYIapA mi7'yo nun "773 109) "wy qin w'w ov'pwn jl mana wt o'tmna nino pw nw (59.85%) a

  7. Slide 7: ("S71 TIAN E any YON ANNAN oNWWIT7A M3IwA7O"WINONI AN WTP MIwWA7ZWT ONDII'D OND Oona

    ("S71 TIAN E any YON ANNAN oNWWIT7A M3IwA7O"WINONI AN WTP MIwWA7ZWT ONDII'D OND Oona OVINR ANT alll ay; oo MULTIFAMILY nizvyo ninp 3 (@ANITAI DWAIN 1 19) m7'yo niunp 2 CY — 4» . . HOSPITALITY SINGLE FAMILY / Noceceeeeeeees nuimv" RENTAL (SFR) neon 17 Gi OFFICES TRI omwn np on'JD'NI1 “3 apy AW

  8. Slide 8: TAN YIN AVIA NII MIwA7O"IDONI AN WTI MIwWA7WT OOD ON

    TAN YIN AVIA NII MIwA7O"IDONI AN WTI MIwWA7WT OOD ON pou mone e onan oviIN ANA onl7'YD 'NiInN nom (SFR) 0°09 D'N2 19W07 WT Jinn NVA 113DWN7 WT WT '¥1apn 13WN7 WT — —> 06 3,305 50 =) 105 [ a9 WY 1w3y nNI7A mwa7 o"v79 ONT ni7y9 |n'n NiNpoY mana 71033 WT yapA 1,149 17 14,923 31,816 | gp ‘on aE mi7yo nv

  9. Slide 9: "S71 TLTINE

    "S71 TLTINE AYPWAT [WD 0001 oTwWNI 7ANMY Yn AVAIN~A MIN 7MIwAT OVID ON Ino wiyapn mMawa7AwT oo ON ONAN oN ANT_A NINW9V79 NIN'D TY7 NVR WW)PWA Nin9vV79 nana DINWAA PW 'NIN NX NI7YInNT NenvATTA O'nvATA Ni7'yd 'ninn =m v4 (nny nD Hospitality REIT Tw WT YIN O'1'Y!' ni7'y9 'ninn o"009 o'nd mypwa7 niNnp S

  10. Slide 10: |S mARNE anAy YON AVOID NAIA M3IwA7oO"HIDONI AN WTYAPA IWA7ZWT ONDII'D OINI on ov

    |S mARNE anAy YON AVOID NAIA M3IwA7oO"HIDONI AN WTYAPA IWA7ZWT ONDII'D OINI on ov ANT MANA 'T! 7Y 1D TY ID 10

  11. Slide 11: INE 7ANMY YIN AVIA NINA AWA7ONDONI AN WIAD MIwA7WT OOD OINI ONAN OVI ANTAA

    7 INE 7ANMY YIN AVIA NINA AWA7ONDONI AN WIAD MIwA7WT OOD OINI ONAN OVI ANTAA D'OD)IH 'DIA ninnonil D'Y'gWNN WwYN DIM Apa o7 INAL TRW 1 D"'NIN73'1 MINA 7Y DYPWAN NP 1001 10'D (an7ya nT +7109 NTT NOT MANA) $3.8B > Co-Investors-n ID'11 $1.2B (2) (QN7yA NT + DVD TH AWN N7AYT NDT MIN) 191) W10'N 017 ----

  12. Slide 12: 980

    980 860 745 462 400 347 264 285 250 215 145 41 21 18 9

  13. Slide 13: Provident Fund for Bank Leumi Employees

    PROVIDENT FUND FOR BANK LEUMI EMPLOYEES

  14. Slide 14: DNA D'VPURN

    DNA D'VPURN nit NON

  15. Slide 15: Multiplier and IRR by investment

    2.9X Multiplier 33% IRR 2.3X Multiplier 27% IRR 3.1X Multiplier 35% IRR 3.3X Multiplier 35% IRR 2.1X Multiplier 24% IRR 2X Multiplier 22% IRR 2.5X Multiplier 27% IRR

  16. Slide 16: IRR by investment

    23.1% IRR 13.2% IRR 15.2% IRR 23.6% IRR 14.5% IRR 17.5% IRR 16.5% IRR 14.1% IRR

  17. Slide 17: Back Bay, Boston

    PS oS ANY Yn ANNAN NN = MwA7TO"WDONI AN WIAA MIwWATAWT OOD OINI ania NwI7N VV" AKA BACK BAY -DUDI'NDN ,|IVDIT1 Wn n'a nw nw'd7 1"nn o300 7y 7an'nn -DUDI'NON ,|1UDIT1 Boston, MA (9$125.4M aI OFIN77 ABOY NITY (1)

  18. Slide 18: Cutler Bay

    7 INE ANY YA ANNAN NIN MwA7VO"DONI AN WIAD MwA7WT oOVOWN ON oN oN ANA yp NI'vn nw'907 an'7wWn aApoyY o'NN'N VT 119WA7 DAWN ‘ANNA nin'n7 NJ1WI ‘NNN ANTI YADA NIyN Nw wand WTINd AN7WIT We 2" ,7TN1791Y Cutler Bay DINU YA Nw AANA AN'7wa @),2022 799N -Dnnnd "WwW YI Ny'7 mw7nna 7'70N7 Win WTI [WwW Onna WT

  19. Slide 19: ‫שיעור‬ ‫מועד סגירת העסקה‬ ‫מועד חיתום העסקה‪1‬‬ ‫הגידול‬ ‫‪+8.2%‬‬ ‫‪$1,360‬‬ ‫‪$1,257‬‬ ‫‪+7.2%‬‬ ‫‪$14.9M‬‬ ‫‪$13.…

    ‫שיעור‬ ‫מועד סגירת העסקה‬ ‫מועד חיתום העסקה‪1‬‬ ‫הגידול‬ ‫‪+8.2%‬‬ ‫‪$1,360‬‬ ‫‪$1,257‬‬ ‫‪+7.2%‬‬ ‫‪$14.9M‬‬ ‫‪$13.9M‬‬

  20. Slide 20: Slide 20

  21. Slide 21: "S71 MAINE

    "S71 MAINE 21 8.7 256 a 220 214 - 179 ws 5 4.5 138 3 ' : l 2018 2019 ANY VIA AVON Nn MIwA7Vo"IDONI AN wIVADA MawA7WT OVO ON oN OVI ANT »2017-2022 NI7'Y9N0 Qp'AI N'1py an'ny NOI ninnono |"77) 'DDI "WWW niAnonA ($ I'7'N , 100%) D'7nNN ($ 'TAN'7'N , 100%) 2020 2021 1-9/2021 1-9/2022 2017 2018 2019 2020

  22. Slide 22: "S71 MAINE

    "S71 MAINE 22 ANN VIA AVNANP Nwwn MIwA7Vo"IDONI AN WIAA MawA7VWT ONO ON = oO'NANoOVIN ANA P7N ONIN AN7NaD ‘nT Ninnon Q717 3'7'NI) mani ‘POYN 7TINA 7W NII NON! DW| [AT ‘NVA NNN O'N71wWN WANA AN7Xnn 'NT 11N7 7171'JT WR N91 VT [71 81-3 '7Y OI 7192 AN7XA 'NT 171p9N7 NT ODI TWiIn7 Tl WwW N7nnn 284 (3 146

  23. Slide 23: wIUANE ANDY Yn AVNANP Nim MIwA7VoO"wDONI AN WAP MIwA7WT oONOwNOINI ONAN OVI ANA

    1 wIUANE ANDY Yn AVNANP Nim MIwA7VoO"wDONI AN WAP MIwA7WT oONOwNOINI ONAN OVI ANA GP-3 1W'97 NI7NYI 711"J ‘NTN NIVIIn () 717 '31"'7'NT) 710) ‘NT NOVIW N'N ITN 10I3NA N'A) Ann (AUM) 70AN [ln 7H a"w! n11d [li 7Y 7103 "NT NI M1NA 71131W Ninpn i 9 NYpPWA NMI'nNn 7Y N71 D'DII1 VNWIn ; 5.4 3.2 | ; i 14 1.

  24. Slide 24: wIUANE ANN VIA AVN Nn MIwA7Vo"IDONI AN wTVADA MIwA7WT OVO ON oONANOVIN ANT

    1 wIUANE ANN VIA AVN Nn MIwA7Vo"IDONI AN wTVADA MIwA7WT OVO ON oONANOVIN ANT NINpn Ni7'Y9ON DINITA OTM jana pm) WYIWA NONnIwWIl V717 ["'7'N 9 VT [V7 11 mW'D7 NI7AY! 710" ‘ATA OTN V717 ['7'N 46 V717 [70 57 MN7No ‘NT ON V7I7 ["'7'N 40 V7NT ['7'N 48 LP-Jo071n VT [FTN 95 VIIT NTN 116 2”"nD 24

  25. Slide 25: mupsN ge ANY YA AVOID Nwwn MIwA7o"IDONI AN WIAA MawA7WT oOFOWD ON oN OVI

    mupsN ge ANY YA AVOID Nwwn MIwA7o"IDONI AN WIAA MawA7WT oOFOWD ON oN OVI ANITA ELECTRA X4 odmarrn 1DIITT NNIPA NY ninnona mana 7y APTN NN XVIN ANTYA ‘NT Niwa Mana p7N Wana wai wh DwwH ODII2 NW WA TN ANNW DONW7 NIN ANIWN WA INNT 72 Natl wDIPNA 250 A AYPWAAW 799 vIwY 0333 OnY~WA Way OANA 7w yyinnd Daw

  26. Slide 26: INE ANY Yn ANUNANP Nin MIwA7VoO"wIWONI AN WAP MawA7WI oONOwNoOIN ONAN oOVIN ANTDA

    7 INE ANY Yn ANUNANP Nin MIwA7VoO"wIWONI AN WAP MawA7WI oONOwNoOIN ONAN oOVIN ANTDA M1Na NINIT7 Np 7W ANNNNT NNIT TOOn! NIN NIT DYNA AATN NIT ya ent + 7803 rae > er) pinin + ANTS eee en wore qrayy tee Dey eae oor “ vv om a ans nt + NNDITN | aaa “ MmNAW + WWD DIA NdIpNn D'win'n non UI JDIND WYPWA NIN

  27. Slide 27: WON Nn MawA7o"NIDONI AN wap MIwA7VWT OVO. ON OMAN OVA ANTAA

    WON Nn MawA7o"NIDONI AN wap MIwA7VWT OVO. ON OMAN OVA ANTAA ("S71 MAINE anny ‘von Nd. NAA NInNNdNs w$178M (593M) $132M (423M) $81M (W267) $28M $30M (wi01M) (104) = H (23M) Ls! 2018 2019 2020 2021 1-9/2021 1-9/2022 27 ona 119412 IT nI7y9n (Promote) ANZ¥AA ‘N72 APTN! NIDA Hwa “BWA MANA PIN N9vINA AANA

  28. Slide 28: The View, Fort Worth, TX (Fund II)

    The View, Fort Worth, TX (Fund II)

  29. Slide 29: INE ANY YA ANUNANP Nw MIwA7VO"WIDONI AN WIAD MDwA7WI oFOWO ON oOMMAN OVNI ANT

    7 INE ANY YA ANUNANP Nw MIwA7VO"WIDONI AN WIAD MDwA7WI oFOWO ON oOMMAN OVNI ANT oMI7'YD [In Nip DIVUD ama . 0 0 ea ade 2.6X 26.8% wm | wssiM | 9, AS $1B $145M $215M se aio aa Bee emma 9,386 21 100% 36% 2.34X 26.1% 89% $412 e386 2, $2.3B 400M | $462M Perel na aan 13,369 47 emeircrt 100% 25% 1.68X 34.

  30. Slide 30: fas?

    fas? D'D WY D'WIN 111107 DIN ) PID "NIN 771.1'nN

  31. Slide 31: manny von AUN ND

    manny von AUN ND "S71 TLTINE nevi7a | m3wA7 ov O'NI ain we'yapn away ONDI'9 OINI Onin OVA ANA W13Wi17 WT — WY Nn po DY7NNI NT W917 DN INNA N719'1 TINA NY) WRI N17 Ne7y "7" 20-3 APNT DWNANNA WWI NI Nn" 7y NNJIWN7 NiNITN N'1 ‘pwn © Households qualifying fora $200k mortgage 90 80 2 10 . = : Current rat

  32. Slide 32: INE ANY Yn ANUNANP Nw MIwA7VoO"wWIDONI AN WIP MawA7WT ODOM oN OVNI ANTAA

    7 INE ANY Yn ANUNANP Nw MIwA7VoO"wWIDONI AN WIP MawA7WT ODOM oN OVNI ANTAA 119WN7 WT — JY n1'pov WTA WwW N"7y Nan WwWiI7 yx WoOnn TY7 N17 Ny OVA OTN D'WipP'In UN7 WR NT [I'7'N 6.8-3 74 WONA AX [ANAT Wwya NANPA OWI 9dvV7I PwAN7 NON 11'T7 Dw ,NI'TI ‘NniyawA 119W77 WT PlwWI Ya Wid |'2 WdI WNwa s1g00 21

  33. Slide 33: INE ANY Yn ANUNANP Nw MIwA7VoO"wWIDONI AN WIP MawA7WT ODOM oN OVNI ANTAA

    7 INE ANY Yn ANUNANP Nw MIwA7VoO"wWIDONI AN WIP MawA7WT ODOM oN OVNI ANTAA 119Wi7 WT — JY n1'pv TN79INNT WI ONNNI YI WI 11" 19 NANT Wi 70 TINT M3W07 DANA PW 1911 PW NIN7 11" 19 NTANYA DWN 17 NNN O'wW7NNNAT Oy7| oO'tin Y79)'N7 [NI waAWN Precent Change From Year Ago 1955 1960 1965 1970 1975 1980 1985

  34. Slide 34: WMUINE ANY Yn ANUNANP Nw MIwA7VoO"wWIDONI AN WIP MawA7WT ODOM oN OVNI ANTAA

    1 WMUINE ANY Yn ANUNANP Nw MIwA7VoO"wWIDONI AN WIP MawA7WT ODOM oN OVNI ANTAA 119W7 WT — VY m'pv qWwaATI JAIN Wawa NWN NTI ‘Niynwn '91NT 717 M9W07 W17 DPN wip Top 25 metro areas by estimated net population growth July 2019 - July 2022 220k qwy avid ne nan | Cea nan | RA sok aims 140k — ——— 100k 10'n

  35. Slide 35: mp oMI AN wivapN MIwA7WT oOVOWOOIN oNAN oN ANAT

    mp oMI AN wivapN MIwA7WT oOVOWOOIN oNAN oN ANAT D'N13'N O'DII WN'N N713! Di NINA NN7YA TWY7 NAW UN pina DONWON Pt i NI NOI-J yyinnn 7170 Uy" Dn |'2 waAnwW 42% 25% 1™% 2020 2021 2022 -WowP VTA NIT 6 TWMy AND WW 792 WAIN WR NINA ION VATA YAY AMA oD wWIny

  36. Slide 36: The Avenue

    "371 TTINE mnny ‘yon 702 Np 5.6% — WIN'N [II W'W NhjAt IRR 18.2% — 'njwn ANIWNA WY'w 717 pPOYA NINA 7W N7VIN OW"7 Nit 3 JU WY"w NNW o ,NO!I -1 ‘niwawn MUAT NNWN NX WA7 [NI Winn wnt" 36 nii7n $60M. $50M $40M $30M $20M $10M $0M maw? o"079 ona qin weyapn mawa7 wT o"DI0'9 oINI Onn OVNN ANT The Avenue —

  37. Slide 37: ANY 'vyOn ANNAN Nwi7n MIwA7VoO"WIDONI AN WIP MawA7 WT oOFOW NOUN oNAN OVA ANTAA

    ANY 'vyOn ANNAN Nwi7n MIwA7VoO"WIDONI AN WIP MawA7 WT oOFOW NOUN oNAN OVA ANTAA NITTIAN A ‘IVT O'II9'D "S71 TLTINE nan wwn PIWI 'D'DT FAYA NA M17 nid! NIN 179wW77 OWA jIn'n nidipna Oo m1n7 N71y9 ja Nw' tan Ind NIN VIAN NI OND) Ow O'pTN NpAXNn 37 ~N iN79)'N 721 owWINNA NiVDwa TIN 1y)7 7TNYA DWONnl IW

  38. Slide 38: ina np

    ina np (fi ~ Ee Hil Ws \ ' A = Z —. \

  39. Slide 39: "S71 MAINE

    "S71 MAINE 100% 89% mnny ‘von 1.17X | 12.8% m0 Np 32% ningi7n $91M mawa7 owwANI In 10,260 (14,105) Wryapa mswA7 WT opy'9 O4INI onan ov ANT oM7'YD JIN Nip DIVUD 39 (52) $236M $18M 30% 1% 4,663 il $128M $9M $250M 39 11n pnp 2019 14NYT 910 AID 2021 "71" 211n Np iypwat ora NdIPNA AWN 790 2022 7"19N amyn

  40. Slide 40: INE ANY vn ANVNANP Nn MIwA7VoO"wIDONI AN WP MawA7WT oOFOW. ON oONANoOVIN ANTAA

    7 INE ANY vn ANVNANP Nn MIwA7VoO"wIDONI AN WP MawA7WT oOFOW. ON oONANoOVIN ANTAA IIN-119W17 WT [ia NAZWA WwIN7 OI Dwi [i NN7WA WIN NT NX 1'NA |DINI D990 'T'-7y D'DN'N NNN N74 N10 N'Y 1b 70 69 60 % Mortgage 99 90 03 2009 03 2011 3 2013 03 2015 03 2017 032019 032021 = 032022 Source: CBRE Q3 2022 IN‘ N

  41. Slide 41: Hospitality, SFR

    AVIWil7 WT SFR O"V19 O'nI

  42. Slide 42: moawa7 ov oN AN WTYAPA MIWA WT

    moawa7 ov oN AN WTYAPA MIWA WT vy | 9966M YXINN NINN Ww 91% (DI79x 1'7AN In“ow NH9N1wI) Way In7Ww NVIT'D @nW'N) O50n nnn o'nd $54M 0300 nnn O'900 o'n1 eau | 2,951 0"033'9 DIN) Onn OVA ANT M3WN7 0'V19D D'n1 w»oingle Family Rental Ta) Tywna neni Inpla o'vi9 o'na WwW 361 NU'TN 21041 DW. $380M —— -———-

  43. Slide 43: $8.6 T $4.7 T Yardi Matrix Aug 2022 : רוקמ

    $8.6 T $4.7 T 2022 2030 Yardi Matrix Aug 2022 :‫מקור‬

  44. Slide 44: hi it

    i j hi 44 it "} ll bo 1) eV phen A 2°} Zz ) a i i vif Te r

  45. Slide 45: Nomad NY, Alexandria VA, Miami FL

    1,149 6 $290M $584M $745M 1 6 NOMAD, NY ALEXANDRIA, VA MIAMI, FL West Palm Beach, FL Washington, D.C. Boston, MA

  46. Slide 46: ‫רכישה ע"י ריט‬ ‫המלונות‬ ‫‪Q3-2022‬‬ ‫‪2021‬‬ ‫‪2019‬‬ ‫‪$58M‬‬

    ‫רכישה ע"י ריט‬ ‫המלונות‬ ‫‪Q3-2022‬‬ ‫‪2021‬‬ ‫‪2019‬‬ ‫‪$58M‬‬

  47. Slide 47: PS oS ANDY YOR ANWAA ND Mowa7o"wwoANI AN WADA MIwA7TWT oO ON = oan

    PS oS ANDY YOR ANWAA ND Mowa7o"wwoANI AN WADA MIwA7TWT oO ON = oan OWN ANITA 1111 NUIT plw Financing is biggest challenge. Many hotels have five-year or seven-year, floating-rate loans that are reaching the end of their terms and need to be refinanced. "Leverage is coming down and interest rates are

  48. Slide 48: UK office investment fund

  49. Slide 49: UK Commercial Property Capital Values Slipped -6.8% in October

    Bloomberg, November 2022 BBC, November 2022 UK Commercial Property Capital Values Slipped -6.8% in October Bloomberg, October 2022 COSTAR, November 2022

  50. Slide 50: Mv Pp NWA MIwA70"NDO'N AN WTA M3wWA7WT O07! OINI on OVNI ANA

    Mv Pp NWA MIwA70"NDO'N AN WTA M3wWA7WT O07! OINI on OVNI ANA Hint’ VIN Din" pA NINA N79 Npava HDIWN INN 7189 - NINATTHN AVAWAT NIN Ni7vo ND D" TD DON DUNN NINDOY VINT7 NINTH NY NON D' TOON D'NINNT AYAWAN NIN N79 NIN NOON NID VINAL DNA WW INA D903 ‘DIN Fn Nin’ qwnn MONI ONIN NAT NAW 7 WIT MINA 79

  51. Slide 51: Thank you

Electra Real Estate — Q3 2022 Earnings Presentation on 6ix