Mega Or Holdings Ltd · TASE:MGOR
Mega Or — Q2 2026 Earnings Presentation
26 slides from Mega Or's earnings presentation, August 2026
Slide 1: Mega Or Q2/2026 Investor Presentation
Mega Or grows from financial resilience, responsible entrepreneurship, and enduring v i s i o n - b r i n g i n g t o m o r r o w ’s o p p o r t u n i t i e s t o l i g h t , a n d w o r k i n g t o m a k e t h e m r e a l t o d a y. Q2/2026 | Investor Presentation 1
Slide 2: About Mega Or
About Mega Or Mega Or Holdings Ltd. Traded on the Tel Aviv Stock Exchange since 2007 | Listed on the TA-35 Index Mega Or’s core activities: Development of income-producing industrial and logistics Development, construction and long-term lease of industrial, storage and logistics centers. real estate
Slide 3: A Solid Foundation for Realizing Potential and Driving Growth
A Solid Foundation for Realizing Potential and Driving Growth 34 26 industrial and logistics Properties commercial centers totaling approx. 618 thousand sqm totaling approx. 225 thousand sqm 1 4 operating data center income-producing lots with a capacity of 9.5MW IT totaling approx. 158 thousand sqm
Slide 4: Lightning the Way to Success
Lightning the Way to Success Mega Or’s financial resilience is reflected in strong cash flows, operational profitability, and responsible leverage, enabling secure growth. Cumulative dividends Total Capital Total assets distributed NIS 5.4 billion NIS 13.4 billion NIS 742 million Net income attribut
Slide 5: Financial strength and responsible debt management
Financial strength and responsible debt management NIS 919 million NIS 8.4 billion 50% 40% 41% liquid balances Capital to total assets Value of debt to CAP ratio net financial debt to total (cash and marketable ratio unencumbered assets assets ratio securities) 2.27% 2.68 335 million ilAA weighted a
Slide 6: Continuing to Grow
Continuing to Grow With significant land reserves and advanced development plans, Mega Or is well-positioned to continue bringing new opportunities to light. Ongoing growth of renewable energy and investment real estate 7 Data centers under construction with a total capacity of approx. 311 MW IT 7 L
Slide 7: Development and Construction of Data Centers
Development and Construction of Data Centers Mega D.C, a dedicated, fully-owned subsidiary of the Company, designs and constructs data centers, leveraging synergies across the Company's various activities (income-producing property holdings, power availability, renewable energy, and more). Developme
Slide 8: Development and Construction of Data Centers (cont'd)
Development and Construction of Data Centers (cont’d) Mega D.C, a dedicated, fully-owned subsidiary of the Company, designs and constructs data centers, leveraging synergies across the Company's various activities (income-producing property holdings, power availability, renewable energy, and more).
Slide 9: Projects at the Initiation and Development Stage
Projects at the Initiation and Development Stage Main Logistics and Distribution Center: Employment and Offices: Aeronautics AIRFox 1 The Company’s share: 33.3% The Company’s share: 50% Location: Beit Shemesh Industrial Zone Location: Modi’in Technological Park Leasable area: 74,000 sqm Leasable are
Slide 10: Development and Construction of Wind Farm in Romania
Development and Construction of Wind Farm in Romania Vacareni Capacity: 102 MW A financing agreement has been signed with two international banks. The Company is working toward replacing this financing with credit from an Israeli banking corporation. Signed PPA for a term of 10 years. Status: Initia
Slide 11: Lighting New Horizons
Lighting New Horizons Expanding growth engines through entry into the data center and energy sectors, leveraging the Company's strengths and assets that are adjacent to these Fields Q2/2026 | Investor Presentation 11
Slide 12: Construction of Energy Storage Systems
Construction of Energy Storage Systems The Company has entered into an agreement with an unrelated third party for cooperation in the advancement, initiation, development, construction, and operation of high-voltage electricity storage facilities at the Group's properties, with a potential aggregate
Slide 13: Future Development Potential
Future Development Potential Industry, Commerce and Logistics Estimated Built-Up Company’s Area Name of Center Location Area Status Share (dunam) (sqm) Employment, industrial and office In the process of allocation by the Israel Land 74% Echo Park, Drom HaSharon 60 70,000 centers Authority (ILA) – a
Slide 14: Future Development to Increase FFO/NOI
Future Development to Increase FFO/NOI (NIS in millions) Projected NOI Projected FFO The forecasted FFO/NOI following the occupancy of projects under construction does not include the occupancy of projects in the D.C Other 1,200 1,600 planning, development, and licensing stages, and does not account
Slide 15: Not just seeing the potential. Knowing how to unlock it
Not just seeing the potential. Knowing how to unlock it Mega Or continues to identify, illuminate, and unlock potential — with responsibility, stability, and boldness Q2/2026 | Investor Presentation 15
Slide 16: Spread Between Weighted Average Cap Rate and Weighted Average Cost of Debt
Spread Between Weighted Average Cap Rate and Weighted Average Cost of Debt 8.0% 7.0% 6.8% 6.0% 5.0% 4.1% 4.0% 3.0% 2.7% 2.0% 2.4% 1.0% 0.0% 12.20 12.21 12.22 12.23 12.24 12.25 6.26 Weighted Average Cap Rate Weighted Average Cost of Debt Marginal Cost of Financing Q2/2026 | Investor Presentation 16
Slide 17: Data Breakdown by Use Type
Data Breakdown by Use Type By asset value (NIS in millions) By Gross Leasable Area (sqm in thousands) 5 390 485 158 1,768 617 3,860 225 Logistics Commercial Lots Data Centers Logistics Commercial Lots Data Centers 59% 6% 61% 1% Logistics Data Centers Logistics Data Centers 27% 8% 22% 16% Commercial
Slide 18: Breakdown of NOI from Existing Properties by Uses
Breakdown of NOI from Existing Properties by Uses (Company’s share) 468 * 392 332 Q2 2025 Q2 2026 301 Logistics 59 64 Commercial 29 30 Lots 3 5 Data Centers** - 10 Other 3 8 2023 2024 2025 Q2 2026 * Figures are presented on an annualized basis, NIS in millions. ** The facility has been income-genera
Slide 19: FFO (Funds From Operations) Development
FFO (Funds From Operations) Development (NIS in millions) 340 272 2023 2024 2025 2026* FFO: management 210 253 292 340 approach FFO: ISA 71 107 177 46 approach CPI change in the 46 3.3% 3.5% 2.4% 1.2% 33 period Q2 2025 Q2 2026 Q2 2025 Q2 2026 Management ISA Method Method * Based on Q2 data, annualiz
Slide 20: Capital and Dividends to Shareholders
Capital and Dividends to Shareholders (NIS in millions) 5,351 Capital 3,908 Dividend 3,202 2,521 2,652 2,422 1,950 1,472 130 100 100 100 112 934 601 732 55 34 35 16 15 22 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q2 2026 Q2/2026 | Investor Presentation 20
Slide 21: Expected Principal Repayments
Expected Principal Repayments (NIS in millions) Bonds & Loans 1,422 CP 1,208 932 760 760 636 330 288 131 2026 2027 2028 2029 2030 2031 2032 2033 forth Effective interest rate 3.47% 2.77% 3.18% 2.14% 2.14% 2.56% 1.91% 3.27% Q2/2026 | Investor Presentation 21
Slide 22: Key Milestones in the Company's Growth
Key Milestones in the Company’s Growth 2007 2013 2020 2022 2026 Company's IPO on the Tel Aviv Stock Exchange The Company has The Company Expansion into the Inclusion in the TA- at a value of approximately NIS 24 million, with achieved an A rating acquires 29.9% of renewable energy 35 Index for the f
Slide 23: Disclaimer
Disclaimer This presentation, including any accompanying oral explanations,to the extent such explanations were provided may contain forward-looking information as defined in the Securities Law, including forecasts, estimates, projections, and other information regarding future events and matters. T
Slide 24: Thank You
Thank You Mega Or Holdings Ltd. Mega Or House, Shilat Industrial Zone | 08-9744880 Q2/2026 | Investor Presentation 24
Slide 25: Annex – Condensed Balance Sheet as of June 30, 2026
Annex – Condensed Balance Sheet, Based on the Expanded Balance Sheet Report, as of June 30, 2026 (NIS in thousands) Assets Liabilities & Equity Financial Assets Current assets 1,078,717 Current liabilities 1,781,380 Long-term receivables 984,773 Long-term liabilities 6,129,113 Equity-to-assets ratio
Slide 26: Annex – Condensed Statement of Income as of June 30, 2026
Annex – Condensed Statement of Income, Based on the Expanded Report, as of June 30, 2026 (NIS in thousands) 1-6/2026 2025 2024 2023 2022 2021 Rental & property management income 238,285 417,300 345,805 299,492 280,558 223,484 Gross profit 226,434 399,416 337,383 304,545 269,930 213,408 Fair value ga