Tel Aviv Stock Exchange Ltd. · TASE:TASE
Tel Aviv Stock Exchange — Alony Hetz Properties and Investments — Corporate Update (March 2025)
34 slides from Tel Aviv Stock Exchange's corporate update, March 2025
Slide 1: Investor Presentation - Group Business Update - March 2025
This document constitutes an unofficial translation of the original Hebrew document. The Hebrew version is the binding version. This translation was prepared for convenience purposes only. AMOT / ToHa2 / Tel Aviv (image) INVESTOR PRESENTATION - GROUP BUSINESS UPDATE - MARCH 2025
Slide 2: General Notes to the Presentation
Alony Hetz General Notes to the Presentation This presentation was prepared by Alony Hetz Properties and Investments Ltd. ("the Company"), and is intended solely for investors. It does not constitute an offer to purchase or sell securities of the Company or an invitation to receive bids, as noted, a
Slide 3: Alony Hetz
CARR / Boston, USA 3 ALONY HETZ Investor Presentation - Group Business Update - March 2025
Slide 4: Business Strategy
ALONY HETZ Business Strategy Focus on two sectors The Group companies Conservative financial The Group companies The Group operates generate constant, stable management policy - are engaged in the with awareness of Income-producing and long-term cash maintaining a high level of development of projec
Slide 5: Key events from the beginning of 2024 until the report publication date
ALONY HETZ Key events from the beginning of 2024 until the report publication date • Issuance of ordinary shares and option warrants In consideration for NIS 1 billion (gross) and future consideration, assuming exercise of all the option warrants, totaling NIS 338 million. Of these, shares and optio
Slide 6: Holdings Structure as of publication date
ALONY HETZ Holdings Structure as of publication date of this presentation Income-producing Income-producing Income-producing Income-producing Renewable energy properties properties properties properties 51.1% 47.8% 55.0% 84.9% 50.2% Offices, retail, industrial Offices in Washington, Offices in Bosto
Slide 7: Investment Portfolio
ALONY HETZ Investment Portfolio AMOT / ToHa I / Tel Aviv, Israel Investment Portfolio Composition Forecast of Dividends for 2025 / NIS Million Changes in Investment Portfolio IFRS in 2024 / NIS million as of December 2024 / Economic* 852 )25( )675( 4% 315 Other investments Amot (mostly AH Boston) 10
Slide 8: Structure of Financial Debt and Leverage
ALONY HETZ Structure of Financial Debt and Leverage (Company expanded solo) Leverage / net (%) Book Value (IFRS) The Company's bonds are rated "Aa3" 52.4 negetive outlook by Midroog and According to 48.5 "ilAA" negetive outlook by Ma'alot. adjusted NAV (see slide 13) 39.2 42.8 41.6 39.1 The Company
Slide 9: Equity
ALONY HETZ Equity AMOT / Atrium / Ramat Gan, Israel Changes in equity in 2024 - Changes in equity - Changes in equity per share - majority shareholders \ NIS million majority shareholders \ NIS million majority shareholders \ NIS million 1,004 )346( 7,710 )138( )108( 5,414 42.9 5,414 5,002 5,002 27.
Slide 10: Operating cash flows (company solo)
ALONY HETZ Operating cash flows (company solo) / NIS million* Cash flow from operations / in NIS million Cash flow per share / in Agorot Year Year Year Operating cash flows per share 2022 2023 2024 Ordinary dividend per share Special dividend per share Dividend income* 621 671 675 Management fees fr
Slide 11: Measurement of Net Asset Value (NAV) Based on Book Value vs. Adjusted NAV
ALONY HETZ Measurement of Net Asset Value (NAV) based on Book Value vs. Adjusted NAV / NIS million Investment from Data from financial Additional adjustments (mainly Adjusted data as of Measurement beginning of January statements as of share price of investees and date of update * basis 2025 until p
Slide 12: Amot
AMOT / Imge of Amot Mishpat / Tel Aviv, Israel 12 Investor Presentation - Group Business Update - March 2025
Slide 13: AMOT Key Data for end of 2024
AMOT Key Data for end of 2024 No. of GLA Occupancy Weighted average Balance Sheet Structure as of December 31, 2024 / Real properties rate cap rate in NIS billion Estate Income 112 1.86 million sqm. 1.16 million sqm GLA 92.3% 6.4% 3.3 20.6 1.9 Producing 9.5 17.3 No. of GLA Total Real projects constr
Slide 14: AMOT Additional data
AMOT Additional data AMOT / ToHa I / Tel Aviv, Israel Breakdown by value of income-producing properties * Geographic breakdown of properties 7% Supermarkets and Others 35% 25% 16% Retail Metropolitan Other areas in Israel Tel Aviv 48% Offices 75% 29% Central Region Industrial and Logistics Parks 40%
Slide 15: AMOT Additional financial data
AMOT Additional financial data NOI / NIS million Per share cash flow data / in Agorot (NIS 0.01) 1,013 1,045 1,060 935 FFO according to management's approach* Ordinary dividend per share 2024 Special dividend per share vs. 2023 The Company declared a dividend same store NOI policy for 2025, whereby
Slide 16: Projects under construction, last expected to be completed in 2028
AMOT 1 Projects under construction, with the last one expected to be completed in 2028 2 3 Potencial future increase in NOI / NIS million 278 1,400 1,072 50 1,122 4 5 NOI 2024 NOI - following Stabilized NOI NOI from projects Total annualized the occupancy of in development, vacant and new with a rem
Slide 17: AMOT ToHa II
AMOT ToHa II Amot's part 50%. The data is presented based on 100% Signing of lease agreement with Google for the area of 60 thousand sqm (shell and core before TI) for a 10-year period commencing at the beginning of 2027, in consideration for annual rent of NIS 115 million. Construction cost GLA 3.3
Slide 18: Brockton Everlast
BROCKTON EVERLAST / The Dovetail / London UK (image) 18 Investor Presentation - Group Business Update - March 2025
Slide 19: BROCKTON EVERLAST Key Data as of the end of 2024
BROCKTON EVERLAST Key Data as of the end of 2024 No. of GLA Occupancy Weighted average Balance Sheet Structure as of December 31, 2024 / Real properties rate cap rate in million GBP Estate Income Producing 10 1.1 million sqf. 97.3% 5.8% 421 1,112 341 306 Income No. of GLA Total producing Real Projec
Slide 20: BROCKTON EVERLAST Additional Information
BROCKTON EVERLAST Additional Information Breakdown by geographic regions according to value of properties and use 45% London metro area office portfolio 7% 1.1 Oxford GBP billion 55% Science Real Estate Innovation & BROCKTON EVERLAST / Fora Borough / London, UK 48% Cambridge 20 Investor Presentation
Slide 21: BROCKTON EVERLAST The Dovetail Building
BROCKTON EVERLAST The Dovetail Building Current GLA Future GLA 126 thousand sqft. 453 thousand sqft. Costs invested Balance to be invested* 140 million GBP 560 million GBP Forecasted stabilized NOI* Construction period* 55 million GBP 2025-2029 BROCKTON EVERLAST / THE DOVETAIL / London UK Required e
Slide 22: Additional Information on main investments in income producing and development properties
BROCKTON EVERLAST Additional Information on main investments in income producing and development properties Waterside House (Paddington London) The Fenway - )image( )image( Current GLA Value as of Q4 2024 Total Land Area Value as of Q4 2024 238 thousand sqft 192 million GBP 40 thousand sqm 195 milli
Slide 23: CARR
CARR / The Wilson / Maryland, USA 23 Investor Presentation - Group Business Update - March 2025
Slide 24: CARR Key Data as of the end of 2024
CARR Key Data as of the end of 2024 No. of leased GLA Leased Weighted Balance Sheet Structure as of December 31, 2024 / Real assets rate average cap rate in million USD Estate 12 89.4% 7.5% Income 3.3 million sqf. producing Real Estate No. of Projects No. of apartments GLA Total construction budget
Slide 25: CARR Additional financial data
CARR Additional financial data CARR / Midtown Center / Washington DC, USA FFO / USD million NOI / USD million 30 )42( Forecast* Forecast* 2024 vs. 164 2023 149 152 150 same store NOI +3% 71 70 )12( 64 4 62 2022 2023 decrease others 2024 2025 2022 2023 Occupancy of Disposals 2024 2025 in NOI (Mainly
Slide 26: CARR Development of rental residential projects
CARR Development of rental residential projects (image) (image) CARR is the managing partner of the project 3033 Wilson / ownership: 100% 425 Montgomery / (GP 100%) and also holds a 10% stake as an LP Arlington, VA Alexandria, VA GLA No. of units Expected construction start GLA No. of units Expected
Slide 27: Details regarding the transaction for the redemption of JP Morgan holdings in CARR
CARR Details regarding the transaction for the redemption of JP Morgan holdings in CARR* Subject to the future fulfillment of suspending conditions, CARR will redeem JPM's holdings in Carr (35.5%) in consideration for transfer of full ownership of 3 unleveraged. As part of preparations for the menti
Slide 28: AH Boston
AH Boston / 125 Summer / Boston, USA 28 Investor Presentation - Group Business Update - March 2025
Slide 29: AH BOSTON Key Data as of the end of 2024
AH BOSTON Key Data as of the end of 2024 No. of GLA Occupancy Weighted average Balance Sheet Structure as of December 31, 2024 / Real assets rate cap rate in million USD Estate Income 2 712 thousand sqf. 86% 7.6% Producing Development GLA 147 512 368 Project 178 thousand sqf. 209 365 Income producin
Slide 30: Energix
Energix / Banie, Poland 30 Investor Presentation - Group Business Update - March 2025
Slide 31: ENERGIX Key Data as of the end of 2024
ENERGIX Key Data as of the end of 2024 Forecasted capacity connected to the grid Company project pipeline Vertically Intergrated Energix invested all the equity needed to reach Combines development to commercial the target of 4.3GW connected to the grid. operation throughout the life of the project,
Slide 32: ENERGIX Summary of 2024 and Outlook for 2025
ENERGIX Summary of 2024 and Outlook for 2025 Year 2024 *Year 2025 32% Growth in revenue, Signing of a partnership Revenue forecast Lithuania - entry into a reaching a total of 898 collaboration with between 800-850 new market and signing million ILS google and SMA million ILS of an agreement for the
Slide 33: ENERGIX Development of Operating Results
ENERGIX Development of Operating Results Annual Project-Based Revenue / ILS million Project-Based EBITDA / ILS million Poland Israel 2GW+ USA 0.4GWh MW+MWh Connected by Year-End 1.35GW+ 1.3GW 0.2GWh 1,100 855MW 898 825 741 678 655 566 380 520 450 520 310 453 420 354 484 322 205 185 152 129 240 193 1
Slide 34: Thank You
BROCKTON EVELAST / CSP / Cambridge, UK THANK YOU. Alony Hetz Properties and Investments Ltd. / Amot-Atrium Tower, 40th Floor 2 Jabotinsky Street Ramat Gan Telephone: 972-3-7521115 info@alony-hetz.com
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