Isracard Ltd. · TASE:ISCD
Isracard — FY2024 Earnings Presentation
27 slides from Isracard's earnings presentation, March 2025
Slide 1: Investor Presentation | Q4 and Full Year 2024
ISRACARD Investor Presentation | Q4 and Full Year 2024 On Track through change. Accelerating Momentum.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation about Isracard Ltd. (hereinafter - the “Company”) and its consolidated payments and credit market in Israel or other countries, changes in the Group’s work plan, companies (hereinafter jointly - the “Group”) is made available for the sake of summary and c
Slide 3: Strong footprint in the Israeli economy
Strong footprint in the Israeli economy ISRACARD >3.6M >100K Business customers Private customers Continuous >160K growth in a Points of sale changing environment Dominant in the Momentum for credit card market future growth 9.8B Total credit portfolio ~X2 Credit expansion (NIS, Billions) )31.12.202
Slide 4: Isracard successfully implements its multi-year strategic plan and moves forward
Isracard successfully implements its multi-year strategic plan and moves forward Accelerated Responsible growth Enhancing growth in a changing growth environment Applying flexible models Focused on a customer-centric strategy Strategic plan underway • Risk management tailored to market conditions In
Slide 5: Successfully balancing growth drivers and responsible management in a complex year
2024 Successfully balancing growth drivers and responsible management in a complex year. 5 02
Slide 6: Effective application of growth drivers
Effective application of growth drivers Nearly doubled the credit portfolio in three years +94% Isracard 2024 9,790 9,058 Commercial Credit Generating value Constant quarter-over-quarter growth since 2022 7,273 for shareholders Dividends for 2024 5,281 4,962 5,059 Consumer Credit Approx. 106 NIS mil
Slide 7: Continues to effectively fulfil its strategy as it focuses on the main growth drivers
Private Customers Business Customers Isracard Continues to effectively fulfil its strategy as it focuses on the main growth drivers. 7
Slide 8: In MONEY TIME for private customers
Private Customers In MONEY TIME for private customers Expanding the range of customized CASHBACK solutions as we Same-day all purpose loan CASHBACK PREMIUM | AMERICAN EXPRESS focus on customer Low-rate digital loan AMERICAN EXPRESS | CENTURION “skip” loan updated AMERICAN EXPRESS | PLATINUM CARD exp
Slide 9: TEAM for Small & Midsize Businesses
Business Customers TEAM for Small & Midsize Businesses Range of solutions and services that enable our customers to Assistance fund for war-impacted NEW manage their Digital loan for businesses PAY-ware Isracard guarantee 360 business and Real estate initiatives financing Remote payment acceptance P
Slide 10: Digital solutions and partnerships with Fintechs for the benefit of our customers
Digital solutions Digital credit Digital credit to and partnerships initiative for small businesses private customers with Fintechs for An advanced digital platform Incorporating ML & AI the benefit of our technologies customers. Digital management Gift granting service services for SMBs on credit c
Slide 11: Enhancing customer experience on digital platforms optimizes sales and streamlines processes
Enhancing customer experience on digital platforms optimizes sales and streamlines processes Advancing UX. The APP as a Digital loans to Digital loans to New web section focal point private customers businesses Launched March 20% 37% 250% 2025 Increase in number of users Increase in digital loan vol
Slide 12: Isracard supports the Israeli society and economy
Isracard supports the Israeli society and economy Ample support for businesses Relief for private customers Community contribution • Benefits in loans and fees • Payment installments • Wide range of initiatives • Launched a digital support community • Loans on special terms • Thousands of employee v
Slide 13: Financial results
2024 Financial results Growth and financial resilience in a year market changes. 13 02
Slide 14: 2024: Greater turnover of transactions, revenues and net income in parallel to lower credit loss expenses
2024: Greater turnover of transactions, revenues and net income in parallel to lower credit loss expenses (NIS million) Active credit cards Turnover of transactions related to credit cards Income from credit cards (thousands of units) issued by the Company 5% 10% 2,280 2,171 902 4% 237,153 871 215,5
Slide 15: Private Customers consumer credit portfolio
2024 Consumer Credit Interest income % of interest income(1) Interest income margin above Private from customers Prime rate Customers 7,253 NIS millions 812 NIS millions 11.44% 5.44% 2023: 806 2023: 11.64% 2023: 5.63% 2021-2024: Consumer credit portfolio 2024: Gradual & responsible demonstrated grow
Slide 16: Business Customers consumer credit portfolio
Consumer Credit(1) 2024 Interest income % of interest income(1,2) Interest income margin above the Business from customers Prime rate Customers 2,537 NIS millions 310 NIS millions 8.57% 2.57% 2023: 277 2023: 9.28% 2023: 3.27% 2021-2024(1): Continuous credit 2024(1): Quarter-by-quarter portfolio grow
Slide 17: Improvement in quality of credit portfolio
Improvement in quality of credit portfolio Adjusted Underwriting policy in line with gradually improving local economy Total credit loss expenses Rate of specific credit loss expense and write-offs, net, of the average of (NIS million) credit card receivables balance(1,2) 105 0.66% 0.64% 92 0.55% 0.
Slide 18: Availability and diversity of funding sources support strategy and operating activities
Availability and diversity of funding sources support strategy and operating activities )NIS billion( Financing Sources The Group’s Credit Facilities(1) Bank and other loans and commercial funding as of Maximum and average utilization since the beginning of the year the balance sheet date Issuer rat
Slide 19: Financial resilience allows ongoing growth while enhancing shareholder value
Financial resilience allows ongoing growth while enhancing shareholder value (NIS million) Robust capital and capital ratios Dividend at approx. NIS 106 million Capital attributable to be distributed in respect of 2024 to shareholders 3.2 NIS billion 106 Approx. NIS 53 Tier 1 capital ratio million t
Slide 20: 2024 Summary
2024 Summary Successful implementation of the multi-year strategy Towards the next leap Constant growth in Improving Financial bridge for Creating Demonstrating era of uncertainty customer customer continuity shareholder trust in Isracard experience and growth value Credit portfolio growth Strengthe
Slide 21: Isracard enhances its growth rate
Isracard enhances its growth rate Accelerating growth rate Applying flexible models Focused on a • End-to-end customer management – customer-centric strategy improved customer experience Strategic plan underway • Organizational change – business Infrastructure development unit focused on private cus
Slide 22: Isracard will continue to advance its growth by focusing on its two main growth drivers
Isracard will continue to advance its growth by focusing on its two main growth drivers )NIS billion( 31.12.2021 7.10 31.12.2024 31.12.2027 Business credit portfolio balance 0.9 2.5 3.7-4.3 Consumer credit portfolio balance 4.1 7.3 11.8-12.8 22
Slide 23: Accelerating growth
ISRACARD Investor Presentation | Q4 and full year 2024 Accelerating growth
Slide 24: Appendices
Appendices 24 02
Slide 25: Statement of Profit and Loss
Statement of Profit and Loss NIS million 2024 2023 Income Income from merchants, net 1,378 1,300(1) Income from credit card holders 902 871 Interest income, net 947 932 Other income 17 47(1) Total income 3,244 3,150 Expenses Credit loss expenses 267 347 Operating expenses 1,190 1,141 Selling and mar
Slide 26: Quarterly Statement of Profit and Loss
Quarterly Statement of Profit and Loss NIS million Q4.2024 Q3.2024 Q2.2024 Q1.2024 Q4.2023 Q3.2023 Q2.2023 Q1.2023 Income Income from merchants, net 350 360(1) 338)1( 330)1( 299)1( 343)1( 329)1( 329)1( Income from credit card holders 233 245 224 200 182 246 229 214 Interest income, net 239 240 237 2
Slide 27: Balance Sheet
Balance Sheet NIS million 31.12.2024 31.12.2023 Assets Cash and deposits with banks 1,003 902 Amounts receivable from banks for credit card transactions, net 7,045 6,271 Receivables for credit card transactions 16,417 14,468 Credit loss provision )488( )514( Receivables for credit card transactions,