Clal Insurance Enterprises Holdings Limited · TASE:CLIS
Clal Insurance Enterprises — FY2024 Earnings Presentation
40 slides from Clal Insurance Enterprises's earnings presentation, 2025
Slide 1: Accelerating Forward
»GCLaL ACCELERATING FORWARD - 7” _ -_ - -” - - - - “ a “ “ a“ a“ Z 4 4 4 4 A 4 Z 4
Slide 2: Waiver
WAIVER This presentation contains only partial information regarding the Company's results for the January to December 2024 period and was prepared for summary and convenience purposes only. The presentation cannot be in lieu of reviewing the reports published by the Company for the public (includin
Slide 3: Growing synergetic activity
Cc Law 2» RFINANGe Insurance GROWING Savings SYN ERG ETIC SEs ACTIVITY Credit insurance Agencies MAX ) Credit cards issuance Payment acquisition Lending Payment solutions (Hyp)
Slide 4: One of Israel's fastest-growing leading finance companies
SseCLal ONE OF ISRAEL’S FASTEST-GROWING LEADING FINANCE COMPANIES Established leader in the 1987 369B TA-90 Israeli financial sector Established AUM (NIS) Leading index ™ 956M 100M 9.45B Str market position Comprehensive Dividend Shareholders Income (NIS) distributed (NIS) equity (NIS) Stable growth
Slide 5: Vision and way
To be a market leader prepared for the new financial future To offer tailor-made advanced financial solutions to consumer needs A DNA of a strong and stable Ou i way management team that knows how to seize opportunities for growth
Slide 6: Our story: three pillars
OUR 1 2 3 A leading financial Inasignificant _ Strategically group operating in a momentum following a positioned to leverage resilient and growing successful turnaround our synergetic growt Israeli market engines
Slide 7: A leading financial group operating in a resilient and growing Israeli market
OUR 4 A leading financial group operating ina resilient and growing Israeli market
Slide 8: Operating in a resilient and growing Israeli market
WwW OPERATING IN A RESILIENT AND GROWING ISRAELI MARKET
Slide 9: Robust macro fundamentals
ROBUST MACRO FUNDAMENTALS Fast growing Young Highest mandatory pension YOU NG & population population rate in the world GROWING POPULATION "2 18.5% Annual population Oftotal population Savings rate growth (last5 years) are under 29 Above OECD average Positive trend Lower than OECD average STRONG ECO
Slide 10: Positive macro trends
POSITIVE MACRO TRENDS GDP Per capita (In thousands of $) 60 50 40 30 20 Unemployment rate (%, 25-64) 6% 10 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 20232024 Israel @ OECD Average Inflation rate (%) 6% 4% 2% 0% 2.6% Qe 2023 Qs. 2023 a 2024 Qe 2020 Q3- 2020 a 2021 Qs. 2021 Qe 2022 Q
Slide 11: Key drivers of Israel's resilient financial sector
KEY DRIVERS OF ISRAEL’S RESILIENT FINANCIAL SECTOR Long-term savings assets (NIS Trillion) 25 9510.6 ) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average savings per capita (in thousands of $) Penetration rate — Insurance (%) 10% 8% 6% 4% 2% 2012 20138 2014 2015 2016 2017 2018
Slide 12: The financial sector demonstrates resilience in the face of significant challenges
IRON SWORDS CYBER HIGH THE FINANCIAL SECTOR Ae & RATE DEMONSTRATES RESILIENCE IN THE FACE OF RON cee SIGNIFICANT INSURANCE CHALLENGES CRISIS IN HEALTHCARE LONG-TERM CARE REFORM INSURANCE
Slide 13: Market resilience despite external influences
MARKET RESILIENCE DESPITE EXTERNAL INFLUENCES 60 01/2023 03/2028 ~=—-08/20238 07/2028 »=—:09/2028 =~ 11/2028 01/2024 03/2024 05/2024 = 07/2024 += :09/2024 = 11/2024 01/2025 -~—«03/2025 TA-125 S&P500 —==—=MSCI AC EX US Jand MSCI AC EX US: USD
Slide 14: Significant momentum following a successful turnaround
OUR 2 Inasignificant momentum following a successful turnaround
Slide 15: Significant momentum following a successful turnaround
ove SIGNIFICANT MOMENTUM FOLLOWING A SUCCESSFUL TURNAROUND
Slide 16: A successful turnaround
A SUCCESSFUL TURNAROUND F ae) mn a A STABLE FINANCIAL A VOLATILE LEGACY COMPANY WITH INSURANCE COMPANY (LONG-TERM SAVINGS & LTC) MOMENTUM AND DIVERSE GROWTH ENGINES
Slide 17: A successful turnaround
A SUCCESSFUL TURNAROUND TO A STABLE FINANCIAL COMPANY WITH MOMENTUM AND DIVERSE GROWTH ENGINES
Slide 18: Our 5-year journey towards a successful turnaround
OUR 5-YEAR JOURNEY TOWARDS A SUCCESSFUL TURNAROUND ret i Core business optimization Sustainable profit growth Flexible and hybrid distribution channels
Slide 19: Sustainable and profitable growth by optimizing the mix
SUSTAINABLE AND PROFITABLE GROWTH BY OPTIMIZING THE MIX (Premiums, contributions and proceeds in respect of investment contracts, NIS Million) Investment contracts Life insurance Compulsory H (Policies with Motor and i savings component) liability i subsegments Long-term care 2,364 i Provident ee in
Slide 20: Flexible and hybrid distribution channels
FLEXIBLE AND HYBRID DISTRIBUTION CHANNELS Click-through, Online CL@L VISION targeted data production at the across-sale center based campaigns agents offices for agents clients Data Synchronization , see APIBased, Infrastructure Differential Pricing Openvand) Flexible
Slide 21: Our 5-year journey towards a successful turnaround
OUR 5-YEAR JOURNEY TOWARDS A SUCCESSFUL TURNAROUND ret i Core business optimization Sustainable profit growth Flexible and hybrid distribution channels 5] High-quality investment management A leading institutional investor Top-performing in Nostro returns Strong risk management, ALM and solvency eff
Slide 22: Top Nostro performer compared to top insurance companies
TOP NOSTRO PERFORMER COMPARED TO THE TOP 5 INSURANCE COMPANIES 10.2% 91% 8.2% 8.2% 71% 8% 5.2% 5.2% 5.3% $s 1-9/2024
Slide 23: Consistent solvency growth beyond the minimum capital target
CONSISTENT SOLVENCY GROWTH BEYOND THE MINIMUM CAPITAL TARGET (924) (976) 2020 2021 H1-2022 2022 H1-2023 H1-2024 Ill Excess/deficit capital (NIS Million) ---- Minimum capital target for dividend purposes —®= Solvency ratio * There is an outline under which, as from Economic Solvency Ratio Report as o
Slide 24: Our 5-year journey towards a successful turnaround
ret i Core business optimization Sustainable profit growth Flexible and hybrid distribution channels OUR 5-YEAR JOURNEY TOWARDS A SUCCESSFUL TURNAROUND 5] High-quality investment management A leading institutional investor Top-performing in Nostro returns Strong risk management, ALM and solvency eff
Slide 25: Leading innovation throughout the organization
LEADING INNOVATION THROUGHOUT THE ORGANIZATION é Product Sales and Client Development Distribution Services 16) fe) Operational Employee Investments Efficiency Management
Slide 26: Operational efficiency using AI
Data Claim Decodin Process and Fawirels Management OPERATIONAL EFFICIENCY USING Al Automation in Production Underwriting Processes Processes Processes in Customer Service
Slide 27: Our 5-year journey towards a successful turnaround
ret i Core business optimization Sustainable profit growth Flexible and hybrid distribution channels OUR 5-YEAR JOURNEY TOWARDS A SUCCESSFUL TURNAROUND 5] High-quality investment management A leading institutional investor Top-performing in Nostro returns Strong risk management, ALM and solvency eff
Slide 28: The most significant acquisition in Israel's financial market
THE MOST SIGNIFICANT ACQUISITION IN ISRAEL’S FINANCIAL MARKET - NIS 2.478 3.2 2/3m 1408 Active creditcards Netincome(NIS) _ Issuing volume (NIS) Market leader in ° ° thecreditcard 14.1% 11.68 17.6% Return of Credit portfolio Highest growth in sector equity size (NIS) nor-rbanking cards Groundbreakin
Slide 29: Max: strong financial performance
MAX STRONG FINANCIAL PERFORMANCE Leading with high ROE and quality portfolio Portfolio size (NIS Billion) Return of equity & net income (%, NIS Million)* % of net write-offs from outstanding balance %of net write-offs from outstanding balance Netincome Netincome ofaccounts receivable (individual) of
Slide 30: Max: significant growth in credit card activity
MAX SIGNIFICANT GROWTH IN CREDIT CARD ACTIVITY DRIVEN BY STRATEGY ADOPTION (Issuing volume by quarter - Non-Bank Cards, NIS Billion)
Slide 31: Strong improvement in group profitability
STRONG IMPROVEMENT IN GROUP PROFITABILITY (Comprehensive income after tax, NIS Million) 2019 7 89
Slide 32: Significant improvement achieved in all lines of business
SIGNIFICANT IMPROVEMENT ACHIEVED IN ALL LINES OF BUSINESS (NIS Million) Not allocated, adjustments and other Credit card insurance ) 89 ae) a &saving 129) 2019 Insurance Not allocated to &savings segments, other and adjustments
Slide 33: 2024 reflects the realization of the group's strategy
2024 REFLECTS THE REALIZATION OF THE GROUP’S STRATEGY (NIS Million) 2028 Long-Term — P&C Health Financial Savings’ Insurance? Insurance? effects on insurance reserves* Insurance and Long-Term Savings Activity excluding financial effects on insurance reserves 2023 (102) 229 Credit Other Adjustments,
Slide 34: Long-term dividend distribution plan based on growth engines
LONG-TERM DIVIDEND DISTRIBUTION PLAN BASED ON 2 GROWTH ENGINES SO%+ Of dividends received from the subsidiaries t CLAL De suagsersernses 2 30%-50% of comprehensive income Of comprehensive income 34 * Dividend distributions are subject to legal provisions and the discretion of the boards of directors
Slide 35: Strategically positioned to leverage our synergetic growth engines
OUR 3 Strategically positioned to leverage our synergetic growtl engines
Slide 36: Strategically positioned to leverage our synergetic growth engines
STRATEGICALLY POSITIONED TO LEVERAGE OUR SYNERGETIC GROWTH ENGINES
Slide 37: A stable and diverse business strategy
A STABLE AND DIVERSE BUSINESS STRATEGY THE DIFFERENCE MAKER Leveraging MAX's purchase and maintaining its market leadership in the credit card sector MAX
Slide 38: Tailor-made credit card based on shared capabilities
TAILOR-MADE CREDIT CARD BASED ON SHARED CAPABILITIES C9 On mm \ Attractive value Innovative Platform for proposition distribution synergetic products
Slide 39: Medium term targets
MEDIUM TERM TARGETS 2027 Comprehensive f Nis 1.3-1.6B8 12%-15% Shaerholders’ Equity Dec.2026 ~ AIS 11B NIS 420-4608 Dec.2027: ~ NIS 12B * The targets are after adjustment to IFRS17 and IFRS? * The targets assume no additional capital raising beyond the company's existing capital * Based on the divid
Slide 40: Thank you
Clal Insurance Enterprises Holdings — FY2024 Earnings Presentation on 6ix