Electra Real Estate Ltd. · TASE:ELCRE

Electra Real Estate — Q2 2022 Earnings Presentation

45 slides from Electra Real Estate's earnings presentation, 2022

  1. Slide 1: Electra Multifamily Fund III, The Mason, SC

    ELECTRA MULTIFAMILY FUND III, THE MASON, SC

  2. Slide 2: Electra Real Estate company description

    "S71 MAINE TINY 39 DIN VT'AI N'VOWN WIAA 6 6 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

  3. Slide 3: Multifamily, debt, single family, hospitality, UK

    MULTIFAMILY DEBT SINGLE FAMILY HOSPITALITY UK

  4. Slide 4: Company activity and operating model

    "S71 MAINE Ty Ta ANA DTW" nD 7n'ny ‘yon NINJI7N m3wn7 o"'079 o'n1 In WTNapN WAT WT o"'0]3'9 O4INI omimnnovn'n ANT MAA N"AVIVUN (General Partner -3) NYPWA NINW9V79O1 NIP 7101 AAPA .D"NID'N D'DI '09)I NIV'WN WRN "ND" D'D1 03) N'nipn 1NW9V79 NOVA NI"vXn ail O'7791UAl OWN'N DDN N'7979 7N'NY O'Nnn n'd1In

  5. Slide 5: Highlights of the period

    "371 TPAINE mn'ny ‘yon NINII7N mawn7 oud ona Jn wa yapn wT WNT o"'0]3'9 OFINI ominnovn'n ANT 'V71T NI T7 WYN ‘DJ 7Y OWIN'N NN7WA OY 2022 ,799NI 1 ON 7NA .79W0 7 MINA 7H AANA yIvAI NI7'y9N YAvN 2022 ,yINI 31 oO1'7 Ty DW ["77) ‘Ninna Netw" Neioniwi (Private Equity) AYPWA NAP 71191 ANI MANA 7wW ANI7'yd

  6. Slide 6: Indices and credit ratings (Midroog, S&P Maalot)

    ‫ת"א ‪90‬‬ ‫מידרוג (‪)A3.il‬‬ ‫ת"א נדל"ן‬ ‫מעלות ‪)ilA-( S&P‬‬ ‫ת"א ‪125‬‬

  7. Slide 7: Portfolio data summary

    (ST MAINE 05 7 Wy wo nuI7n 924 on 05 anr'tan ow. von, D.C. 37H ANID DWI a3" YI O7ND $365M (3) "77 "Nw. $190M YPWIN [11 Tn'ny ‘yon NINII7N (SFR) 0°09 D'N2 19W07 WT 2,821 mowa7 o"v19 ona 14 ni7'yo neon 88% Yxinn NINN Wy (oraN 7A n*oW NONwD, $805M "773 Ww $320M Twiwa jin $65M Onl Wy INn7IWw NIT'9 mw'd)

  8. Slide 8: Strategic activity platform

    "S71 MAINE 7n'ny ‘yon NINII7N Moawa7o"wD ON AN WTYAPN MIwWA7 WT o"'0]3'9 O4INI omninnA OVNIN ANT '7TR'WVPD UTD AYpWA NeUATTA OYA DDN pW: ' nol pI "NIN 791 NUNN ONNT OPUY DPW OW U7 NTN TMI WT YIN AYPWAT DD T4011 OTwN AVPWAT Np Hospitality REIT= i317 0" eo

  9. Slide 9: 980

    980 745 674 462 400 285 295 264 215 230 145 41 18 9

  10. Slide 10: Activity scale and co-investors

    "S71 MAINE 7n'ny ‘yon NINII7N mowA7o"D ON AN WTP MIwWA7 WT o"0]3'9 O4INI Onin OVIYR ANT D'DSDI7 ‘DIN Ninndna o 7"INI 7TRW!'1 D'Y'DWNN VIVYN OI Ap D'NiN7)'1 MINA 7Y AYPWHA NP MoI 1 $3 6B (AN TNA NT + 719 D7 NNIT TIN) O > Co-Investors-n ID $1.2B (2 (AN7YA T+ DVD TH AWN N7MY7 WNIT MANA) 7Y 1) TY 1D 1 a

  11. Slide 11: Partners and investors

    muon any yon INIT = MawWAT7O"DONI AN WTYAPA MawWA7WT OND OVINI Onin O'VINN Vai MIN TY7 O7'11N JAY 'Y' pwn BentallGreenOak ‘Strategie Capital Partners

  12. Slide 12: Fund activity

    DNA D'VPURN nit NON

  13. Slide 13: Multifamily realizations and returns

    Mn'ny 'yIn TNNII7N m3Wn7 o"019 o'n1 qn WwaNapn awn7 WT o"'D33'9 OINI oOnNMAOVN'N ANTPA D'NINN D'VIWN NIT 010797 TI wit lyn "ST MLTINE eh 745 -2 7 DIN Qp'N7 AVI WW NTN VID 1717 [I'7'N 9d ‘w'nn [7 n'a 7 .D.C. “8 Np Nyon ninpoy 14 viv'I pI WywWAL ANWR INA 717 [I'7'N 129 -3 TY AYAWA 7a ninpvy 3 7w |1y7D

  14. Slide 14: Fund I exits and returns

    "371 TPAINE Mn'ny 'vVOn TINII7N m3wWn7 o"019 ona an wa Napn Dw WT o"'0)3'9 OFINI ON DVN ANTPA FUND | DID O31 ONNI / WAIN WR WT 'YIpn NIT DIDI TINT TI [IYI 771NI 19N [Np 7 AN7N 17T1 NVID7 "POY TUNA 7 N7YiIn Dw" TNIWNIL NP 7Y O10 3 Winn 44% -7 7 (IRR) Dyin NNW 4X TY YYIND [1 IN ASCEND AT 1801 BELLE VI

  15. Slide 15: Execution track record

    "371 TPAINE Mn'ny 'vVOn TINII7N m3wWn7 o"019 ona an wa Napn Dw WT o"'0)3'9 OFINI ON DVN ANTPA EXECUTION NIYPWil IN OIA O3'1 ANNI / WAIN WR WT 'vapN NITM DIDI TINT TYI [IYI 77INI Aina 191 1y1DIYW MULTIFAMILY PRE-FUND MULTIFAMILY FUND II DEBT FUND I PRLS ’ M POINTE VISTA TUSCANY PALMS 27.06 IRR 23.1%

  16. Slide 16: Akal West End, Washington D.C.

    "S71 MAINE 7n'ny 'vOn TINII7N m3wi7 oy) ona qn waNapn awA7 WT o"'D)3'9 OFINI oOmnnnAOVN'N ANTDPA nii7n Vv" AKA WEST END AV7NT [U7 745 79 "NI 9" DN TY! nen DY 'pwAT Na"nnAN 40% -7 ANID D.C. WAH wan jI7 n'a nw'd1 72 ' Nw'd77 Ann 000 7Y AN'nn O01 V0) 9 WASHINGTON, D.C. (9850,7M won 16 -MADA OFIAPOVA TY

  17. Slide 17: Slide 17

  18. Slide 18: Growth in activity 2017-2022

    "S71 MAINE 18 138 2018 7n'ny 'yIn TINII7N Mawn7o"D ON. AN WIAD MIwWA7WT O"pII'D OINI ON DVN ANT 2017-2022 NI7'Y9N Dp'nd N'apy an'ny NOI ninnona |"77) 'DDI "WWW niAnonA ($ 9r'7"n , 100%) D TW Wn ($ TnN'7'N , 100%) 8.6 256 65 220 : 179 i) 4.5 144 123 3 i ; l 2019 2020 2021 Hi2021 Hi 2022 2017 2018 201

  19. Slide 19: Fee-earning AUM growth

    7n'ny 'yIn TINII7N NI7AYI 71IN') ‘NWN Nivjon od sr7na GP-3 NW'D7 "S71 MAINE m3awn7o0"o1IDo'NI =n WwryapA MDwA7WT O"037'9 DYINI ON DVN ANT ON7Xon ‘AT ninnNoNA aang WIN 7N OANA m9 7119 ‘nT Novi n'a ITN ApIIAA NYA) MINA (Fee Earning AUM) 7oUNA jinn 7H n1'wW! IRTP DWI NPA N7'Yd NIV 101 V7IT TAN T'N 1A D

  20. Slide 20: Investor base composition

    "371 TPAINE Mn'ny 'vVOn TINII7N Mawn7o"D ON. AN WTYAPA MIwWA7WT O"pII'D OINI ONAN DVN ANT NINpn Ni7'Y9ON DINITA OTM YIU NMDniwi VT [71 & VT ETN g W'97 NI7NV! 7109 ‘NTN ONT VT [71 39 TVINT [71 46 aN7N0 ‘NTN OTN VT [ETN 25 VT [E71 40 LP-Jo071M V71T ["'7'N 72 V71T J"7'N 95 21D 20

  21. Slide 21: Revenue composition notes

    ‫חלק החברה בהכנסות מדמי הצלחה מבטא את חלקה של‬ ‫החברה כשותף מנהל בשינויי שווי בנכסים ששוערכו ו‪/‬או מומשו‬ ‫במהלך התקופה‪ ,‬וזאת רק לאחר החזר תשואה מינימלית‬ ‫לשותפים המוגבלים עבור השקעתם בנכס ששוערך‪ .‬ככל‬ ‫שההשקעה הינה באמצעות קרן להשקעה‪ ,‬התשואה המינימלית‬ ‫מחושבת כממוצע של כלל נכסי הקרן‪.‬‬ ‫ה

  22. Slide 22: Income statement breakdown

    1WTMpINE 7n'ny 'vOn TINIIN Mawna7o"mp oN AN WIAD MIwWA7WT ONpI7'D OINI ON DVN ANT amon TODO! ALN nigj3 8755, 3,598 7965 Aw97 NI7AYI 7179 "NTN N03 6631 2950 2634 STNNT WA NW ONNAI NI7yoA NINA MANA pP7N 29771 11707 36,922 DONAI ITNAT WA NvW7 ONNA pA WwW NiaXNAI aNA 7 143,416 44670. 151312 (Promote) AN

  23. Slide 23: Revenue by period

    ("ST MTINE 23 MN'ny 'VON INI 719Wn7 o"'079 D'n1 $132M (423M) $2gm - $30M (101M) (23M) | 2018 2019 2020 2021 In WwTyapn DWT WT 0"D3)'D O'INI ONIN DVN ANT J NAA NAN INA $39M (129M) Hi 2021 $138M (1/450M) H1 2022

  24. Slide 24: The View, Fort Worth, TX (Fund II)

    The View, Fort Worth, TX (Fund II)

  25. Slide 25: Fund closings and returns

    "37 ASN MN'Ny 'VIN NINJI7N INITIAL CLOSING — APR 17 FINAL CLOSING — FEB 18 19 894 9 Ty iwain 0'09) wionen (apna 197) 7,636) m3wn7o"01DO0'NI =n wi yap (Qian W373 22) o"'0I3'9 O4INI Onin OVI ANT alMl7'Y) Nip DIVUD win'n noint $1B $145M nw pn N10 (3) Co-Investor Partners $215M (3) ow7in to -2 101A 100%

  26. Slide 26: Fund closings and returns (continued)

    "S71 MAINE 7n'ny 'vOn TINII7N mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI oO mninn DVNIN ANT alMl7'Y) Nip DIVUD INITIAL CLOSING — DEC 19 I _ FINAL CLOSING — JUL 21 mnawil nodipna lll np winimn Ww'yapa mwa NID O'wTIN 18 -2 1D" Co-Investor Partners 100% -7 TAD NpA oy'pwnn nevannan Twinn Vow ney

  27. Slide 27: Market overview

    mami ‘D1 TN py Nan 791

  28. Slide 28: Market rent and rent growth

    "S71 MAINE 7n'ny 'vOn TINII7N mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI Onin OVI ANT M13Wi17 WT — WY N1'po NIW9wWa AT NY 7Y FWA DININ 711IN YY" TY7 O11 D'Wip'1 D9U7 7'wnn7 OID NI'3wWa ‘nT MINWAWWI DWI WT DW! py 711 1¥7 OAY 7Y DWAIN! AWN 191 DP" ODN 7PIONA WWY WN 7YI9I 1'9I7 DANI OWI'IA |! wo

  29. Slide 29: Rent trends

    7n'ny 'vOn TINII7N mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI Onin OVI ANT M13Wi17 WT — WY N1'po TINNIIVAT NNpP' NAN AA INI 197 WT pw "S71 TLTINE "NT 'NI7UN7 OV WTIN XNIIWAN 'NI7WN |'1 WOT NR 1'NIW7 NI‘waN n'a Ni'7y nwa piw7 o'10 n'1 "pwn v'o771 ,A'yyinnn nin'swa $ 2400 $2000 | $638 2 $1600 =

  30. Slide 30: Income growth versus rent growth

    "S71 MAINE 7n'ny 'vOn TINII7N mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI Onin OVI ANT MIW7 WT — WY Nn pv NIWA ‘NT NTI NAN Nn pwn nivIjI0 AWNNNA OVNIwWA TANI NIWA NTI TNA neva ‘NWA NII NyvinnA a" 7yAN NIN) WI Nii 11 IANNIW O'WT7N O'INI n'a 07W7 N719'1 nonin N'1 Pwn7 Nyyinnan 103901 a"7yA 1DIIN

  31. Slide 31: Asking rents and renter incomes with inflation

    "S71 TLTINE 31 Indexing Market-rate Apartment Asking Rents And Renter Incomes With Inflation 1.30 1.25 1.20 1.15 1.10 1.05 1.00 0.95 0.90 7n'ny 'vOn NININ mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI Onin OVI ANT M13Wi17 WT — WY N1'po DIW NN O'9910 WW7 NNR OwWTNNAT OA | oO'tin MY79OUN NIDIPNI T

  32. Slide 32: Treasury yields, cap rates and dry powder

    "S71 MAINE 7n'ny 'vOn TINII7N 1'DA NIN 1797 [AA yw | Ana 17 nv7y niyows W907 Twnn7 1DON 10-Year treasury and multifamily capitalization rates 8.0% 7.0% 6.0% 5.0% 4.0% 3.0%, 20% 10% 0.0% 32 10-Year treasury ® Cap rates Berkadia ,Newmark, Real Capital Analytics, Moody's :nnij7n m3wn7o"01DO0'NI =n nyoi

  33. Slide 33: Multifamily market indicators

    "S71 MAINE 7n'ny 'vOn TINII7N mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI oO mninn DVNIN ANT M13Wi17 WT — WY N1'po VYO7 NID"wWAN ,W1NA N7YI9 [71 ,A"MN ITN ANT Ni" 6.0% TMI VYINATIN N'NIVAWN D'PTN NPXN INI 17018 "WY" 17'1 o'DInj nan A ID'N qn Vl" . ) WAI 'ns'm WAI WTA @ Tmwy @ 5.3% Leese 5.8% @

  34. Slide 34: Institutional interest in multifamily

    "371 MAINE nn'ny VIN IVI 79N nN'yn Lego MIN $1,000,000,000 A" TTDI 1,760-3 W"'7 NON WONT TTY Ninn niin 62 Forbes "9 7y Mana AVA DN Nil 2021 NW 17M DOPUT 34 NININ mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI oO mninn DVNIN ANT M13Wi17 WT — WY N1'po TM NITN-DNT7 NTI ANAND WWATI NAN NINN An T1797

  35. Slide 35: Off-market deals and returns 2018-2022

    "S71 TLTINE 7n'ny 'vOn TINII7N mMsawA7o"pIDANA AN WT NAPA MIwWA7AWT OMoI7'D OINI oO mninn DVNIN ANT PtNAn N9ipNn 771NI NOI-1 yyinna 7170 Wy'w » 2018-2022 D'Wil ['12 WNAINW D'DIIJ1 42% 34% 26% 25% " L 2018 2019 2020 2021 2022 NI7Y"NaA N0I97I 717) Wa p11 7119 1X7 Off Market NiINpOY yY17 N71" NWA pw ‘v

  36. Slide 36: ina np

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

  37. Slide 37: Debt fund closings

    "S71 MAINE 7n'ny 'vOn TINII7N Mawa7o"mD oN AN WTNAPA MIwWA7AT OMoI7'D DINI oO mninn DVNIN ANT oNYpPwWn NdIPN O:N NXIP71 OI AN'7WA — WWI INA jp INITIAL CLOSING — DEC 19 FINAL CLOSING — JUN 21 Iwan ninpoy WT NIN! 14,105) ni7y9 nixpoy @ ypwin jin -N ID" Own 18-2 10" Qipaa Qipnl nixpoy 52) Co-Investor P

  38. Slide 38: Commercial lending market by lender type

    7n'ny 'vOn TINII7N Mawa7o"mD oN AN WTNAPA MIwWA7AT OMoI7'D DINI oO mninn DVNIN ANT In — 199W77 WT — WY n1'pv NVIA7 OPN IN DIVININA O''WAN DY VVINVITR DNNTN pilwa nin ne7yn NNWONN O'9II0 'T-7y O'ON'N NNW NIN N"7y Cxp37 YIN NWR NAAN NIP OI) O"TVIAW7TR ON DEN'TID WAY NI NINIWNN NVA7 O'T'VIIW7N D7N7T NW

  39. Slide 39: Single family rental (SFR)

    AVIWil7 WT SFR O"V19 O'nI

  40. Slide 40: Single family rental activity

    wp oN’ AN AWTYApA MDwWA7IT «OVO DIN) OMNMn DVAIN ANT 13W7 0'V19 D'n1 woingle Family Rental a | $805M youn | $295M ( (OT corrmnvervoney {| 88% non |__ 1 _in at maw num | seem] om 9 B04 mmmmortren (3400) xmmem | 7 -mynao1019 win? (i) .DIVTIN 2-9 7Y MIVA IWN‘AT ODN WeO'NI (2)

  41. Slide 41: i t uy 4. it "} ll i oe pee peal feel H 2°}

    i t uy 4. it "} ll i 1 oe pee peal feel H 2°} Zz ) a i i wif Te r

  42. Slide 42: Hospitality assets by location

    NOMAD, NY ALEXANDRIA, VA MIAMI, FL West Palm Beach, FL Washington, D.C.

  43. Slide 43: Hospitality forecasts

    "S71 TLTINE 20% 10% 6 10% 20% -30% ~40% 50% ~60%6 10%, 80% 95% 43 7n'ny ‘yon NINII7N mown7 o"019 o'na an wayapa mawaA7WT ONpI7'D OINI omninn OVNIN ANT NINIITN — WY N1Vpo NIA PW AYN WNP NI7WAN WwiIAnT OW ON D'pNw DENT W""7 Pwni7 DN TN'YIVID D'POONI ,2019 NIW7 ANUWWAI O'9INI OMNI O"71Y9ON OINI N17 O'D

  44. Slide 44: Contact

    ("371 MPAINE 7n'ny ‘yon NINII7N moawna7o"79o'NI AN WTNAPN MDwWA7WT ONDI'D OINI omninn oVvn'k ANT HMtnN 'VIN 2S @ NIN TAIN DY DADA OM" NINpDY ning N79 nam niyo Nay NM Y97 N7YNI NOU 73 ‘niyaAWn DTN OINNT AYVPWA NIN" Nw MwWn7 DN MOON NIN 44

  45. Slide 45: Thank you

Electra Real Estate — Q2 2022 Earnings Presentation on 6ix