Slide 1: Investors Meeting
Investors Meeting Financial Statements as at 31.12.2024 The information contained in this Investors presentation constitutes a convenience translation. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law and represents the binding version and the only
Slide 2: Record results in Q4 and in FY 2024
Record results in Q4 and in FY 2024
Slide 3: Clarifications
Clarifications • The presentation contains forecasts, estimates and plans of the Company regarding its operations and other information about future events and matters, which constitute forward facing information, as defined in the Securities Law 5728-1968, and realization thereof is uncertain and m
Slide 4: Achievements in 2024
Achievements in 2024 Matrix presents consistent improvement in its results and all-time record sales, gross profit, operating profit, net profit, net profit attributable to shareholders, cash flows, and EBITDA o Double digit organic growth in sales(*) and in operating profit o Over 20% growth in ope
Slide 5: Fourth quarter 2024
Fourth quarter 2024 Growth to an all-time high in sales, gross profit, operating profit, net income, net earnings attributable to shareholders, and cash flows, despite the impact of the Jewish High Holidays - 5.2% less working hours during the fourth quarter compared to the corresponding quarter Sal
Slide 6: 1-12/2024 compared to the corresponding period
1-12/2024 compared to the corresponding period: Growth to all-time highs in sales profit, operating profit, EBITDA, net income, net earnings attributable to shareholders, and cash flows Despite prolongation of the War’s Impact Sales – 6.6% growth to a record NIS 5.6 billion. 10% growth to a record N
Slide 7: Financial Statements 31.12.2024
Financial Statements 31.12.2024
Slide 8: Key data from the statement of profit and loss – 1-12/2024
Key data from the statement of profit and loss – 1-12/2024 compared to the corresponding period Key results (in NIS millions) 1-12 2024 1-12 2023 Change in % Sales* 5,580 5,232 6.6% (*) Net of the effect of the increase in sales presented on a net basis – 10% growth (**) Earnings before interest, ta
Slide 9: Key corporate results, net of the increase in sales presented on a net basis
Key corporate results, net of the increase in sales presented on a net basis (in NIS thousands) 1-12/2024 1-12/2023 % Q4/2024 Q4/2023 % Sales 5,579,538 5,232,105 6.6% 1,374,283 1,320,690 4.1% Adjustments for the increase in sales 177,441 - 81,173 - accounted for on a net basis Adjusted sales 5,756,9
Slide 10: Key corporate results, net of the increase in sales presented on a net basis
Key corporate results, net of the increase in sales presented on a net basis (in NIS thousands) 1-12/2024 1-12/2023 % Q4/2024 Q4/2023 % Sales 5,579,538 5,232,105 6.6% 1,374,283 1,320,690 4.1% Adjustments for the increase in sales 177,441 - 81,173 - accounted for on a net basis Adjusted sales 5,756,9
Slide 11: Key figures from the statement of profit and loss - Q4 2024
Key figures from the statement of profit and loss - Q4 2024, compared to the corresponding quarter Key results (in NIS millions) Q4 2024 Q4 2023 Change in % Sales* 1,374 1,321 4.1% Gross profit 219 203 7.7% SG&A 99 102 (3.3%) Operating profit 120 101 18.8% Financing expenses, net 19 19 2.1% Taxes on
Slide 12: Key data from the statement of profit and loss – 1-12/2024
Key data from the statement of profit and loss – 1-12/2024 compared to the corresponding period Key results (in NIS millions) 1-12 2024 1-12 2023 Change in % Sales* 5,580 5,232 6.6% Gross profit 833 764 9% SG&A 383 371 3.3% Operating profit 450 393 14.4% Financing expenses, net 67 68 (2%) Taxes on i
Slide 13: Summary of FY 2024: Continued improvement in results over the years
Summary of FY 2024: Continued improvement in results over the years Consistent growth in sales and profits (in NIS millions) Sales Gross profit 10.3% Operating profit** 9.7% 4YR 4YR 11.7% CAGR 4YR CAGR * +6.6% +9% CAGR 5,232 5,580 833 450 4,672 764.2 393.4 4,360 3,854 630.4 672.0 329.4 350.5 563.0 2
Slide 14: Summary of FY 2024 - Continued improvement in results over the years
Summary of FY 2024 - Continued Financing expenses, net (in NIS millions) FY 2024 FY 2023 improvement in results over the years Interest, commissions, and other (net) 25.4 39.5 Consistent growth in sales and profits Exchange rate differences Accounting finance expenses 14.3 27.1 1.4 27.3 (in NIS mill
Slide 15: Q4 2024 Summary – organic growth
Q4 2024 Summary – organic growth Key results (in NIS millions) Sales Gross profit Operating profit +4.1% +7.7% 1,321 1,374 219 +18.8% 203.4 120 101 15.4% 15.9% 7.6% 8.7% Q4 2023 Q4 2024 Q4 2023 Q4 2024 Q4 2023 Q4 2024 18.8% growth in operating 4.1% sales growth 7.7% growth in gross profit profit to
Slide 16: Q4 2024 Summary – Organic Growth
Financing expenses, net (in NIS millions) Q4 2024 Summary – Organic Growth Q4 2024 Q3 2023 Key results (in NIS millions) Interest, commissions, and other (net) 6.1 8.4 Exchange rate differences 4.6 5.9 Accounting finance expenses 8.6 4.6 Total financing expenses (net) 19.3 18.9 Net earnings to Net i
Slide 17: Operations in Israel
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Slide 18: Breakdown of sales by customer industry
Breakdown of sales by customer industry Government 8% Financial 18% 11% Hi-Tech Industry, Communications, and Retail 13% 18% Health and Transportation Defense 16% 16% Other
Slide 19: Operations in Israel FY2024
Operations in Israel * FY2024 (in NIS millions) 7% growth in sales 10.2% growth after adjustment of 21.9% growth in operating profit sales recognized on a net basis 9.9% 4YR 13.7% CAGR 4YR CAGR 5,310 +21.9% 402 4,963 4,133 4,418 330 291 306 3,635 240 6.6% 7.1% 6.9% 6.6% 7.6% 2020 2021 2022 2023 2024
Slide 20: Operations in Israel Q4 2024
Operations in Israel * Q4 2024 (in NIS millions) Sales Operating profit +31.3% 1,281 1,324 113.4 86.4 6.7% 8.6% Q4 2023 Q4 2024 Q4 2023 Q4 2024 3.3% sales growth; 31.3% growth in operating 7.8% growth after adjusting for profit to NIS 113.4 million revenue recognized on a net basis (*) Including imm
Slide 21: Operating segments in Israel – Q4 2024
Operating segments in Israel – Q4 2024 (in NIS thousands) Sales Operating profit Q4/2024 Q4/2023 % Q4/2024 Q4/2023 % Information technology solutions and services, consulting, and management in Israel 819,026 780,292 5% 65,439 47,930 36.5% Profit margin (%) 8% 6.1% Cloud and computing infrastructure
Slide 22: Operating segments in Israel – 2024
Operating segments in Israel – 2024 (in NIS thousands) Sales Operating profit 2024 2023 % 2024 2023 % Information technology solutions and services, consulting, and management in Israel 3,337,267 3,119,493 7% 250,113 205,658 21.6% Profit margin (%) 7.5% 6.6% • The effect of seasonality during the fo
Slide 23: Operating segments in Israel – 2024
Operating segments in Israel – 2024 (in NIS thousands) Sales Operating profit 2024 2023 % 2024 2023 % Information technology solutions and services, consulting, and management in Israel 3,337,267 3,119,493 7% 250,113 205,658 21.6% Profit margin (%) 7.5% 6.6% Cloud and computing 1,515,931 1,514,019 0
Slide 24: Cloud and computing infrastructures - Results net of the increase in sales presented on a net basis
Cloud and computing infrastructures - Results net of the increase in the volume of sales presented on a net basis (in NIS thousands) 1-12/2024 1-12/2023 % Q4/2024 Q4/2023 % Sales 1,515,931 1,514,019 0.1% 385,920 395,741 (2.5%) Adjustments for the increase in sales 158,180 - 68,378 - accounted for on
Slide 25: Operating segments in Israel – 2024
Operating segments in Israel – 2024 (in NIS thousands) Sales Operating profit 2024 2023 % 2024 2023 % Information technology solutions and services, consulting, and management in Israel 3,337,267 3,119,493 7% 250,113 205,658 21.6% Profit margin (%) 7.5% 6.6% Cloud and computing infrastructures 1,515
Slide 26: US Operations
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Slide 27: Operating Segments – Q4 2024
Operating Segments – Q4 2024 (in NIS millions) Sales Operating profit Q4/2024 Q4/2023 % Q4/2024 Q4/2023 % Information technology solutions and services, consulting, and management in Israel 819 780.3 5% 65.4 47.9 36.5% Profit margin (%) 8% 6.1% Cloud and computing infrastructures 385.9 395.7 (2.5%)
Slide 28: Operating segments – 2024
Operating segments – 2024 (in NIS millions) Sales Operating profit 2024 2023 % 2024 2023 % Information technology solutions and services, consulting, and management in Israel 3,337.3 3,119.5 7% 250.1 205.7 21.6% Profit margin (%) 7.5% 6.6% Cloud infrastructures and computing 1,515.9 1,514.1 0.1% 106
Slide 29: US Operations
US Operations The decrease in sales and earnings during the quarter and during the period are primarily due to the finalization of large GRC projects, compensated for in part by new projects we secured during the second half of the year. However, we are positive about the GRC market in the coming ye
Slide 30: US Operations
US Operations The decrease in sales and earnings during the quarter and during the period are primarily due to the finalization of large GRC projects, compensated for in part by new projects we secured during the second half of the year. However, we are positive about the GRC market in the coming ye
Slide 31: US Operations
US Operations The decrease in sales and earnings during the quarter and during the period are primarily due to the finalization of large GRC projects, compensated for in part by new projects we secured during the second half of the year. However, we are positive about the GRC market in the coming ye
Slide 32: Breakdown of Sales and profit by operating segment in 2024
Breakdown of Sales and profit by operating segment in 2024 Sales Contribution to profits Software Services 7.9% 9.7% 8.0% 14.3% Cloud and Computing Infrastructures 53.4% US Operations 26.3% 57.8% 22.6% Software Products
Slide 33: Financial indexes
Financial indexes
Slide 34: Backlog
Backlog (in NIS millions) Backlog Adjustments for the 31 December 2024 - increase in sales Backlog Backlog Adjusted for accounting accounted for on a 31 December 2024 31 December 2023 effects net basis Backlog for the 5,078 110 4,968 4,552 coming year % change 11.5% 9.1% From the end of the 2,365 30
Slide 35: Financial indexes
Financial indexes (in NIS millions) 31.12.2024 31.12.2023 Cashflows from current operations Cash and cash 668 640 equivalents +24.8% 619.2 Unused credit 1,229 1,448 535.2 facilities* 496.2 Total liquid assets 1,897 2,088 387.4 * Of which NIS 300 million committed credit facilities Aa3 credit rating
Slide 36: Equity/Debt Structure
Equity/Debt Structure Financial indexes (in NIS millions) 31.12.2024 31.12.2023 Equity 1,144 1,107 377 1,144 Debentures % of total balance Equity 25.5% 27.4% Series B sheet Gross financial debt 785.1 956.4 108 Net debt – short-term Loans from and long-term credit, 116.6 316.1 financial Equity/Debt n
Slide 37: Segmentation of financing expenses – Continued decline and stabilization
Segmentation of financing expenses – Continued decline and stabilization in cash flow interest expenses (in NIS millions) 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 31.3.23 30.6.23 30.9.23 31.12.23 31.3.24 30.6.24 30.9.24 31.12.24 Bank of Israel 5% Interest Rate 4% 3% Breakdown of financing 2% expenses 18.9
Slide 38: Financial indexes
Financial indexes (in NIS millions) 0.98 0.94 0.71 0.69 10.9% 9.5% 0.23 7.8% 7.5% 2.6% 13.9% 3,216 3,439 4,00310.9% 4,035 9.5% 4,480 7.5% 7.7% 2020 2021 2022 2023 2024 Total Balance Net Debt/Total Balance Adjusted EBITDA/Net Debt Improving coverage ratios, alongside continued increase in volume of o
Slide 39: Dividend of NIS 52.1 million (NIS 0.82 per share)
Dividend of NIS 52.1 million (NIS 0.82 per share)
Slide 40: Dividend distribution
Dividend distribution Dividend per Amount Distribution date share (in NIS (in agorot) millions) NIS 915 million 15 April 2024 127 80.7 in dividends distributed to 25 July 2024 81 51.4 shareholders in the last 5 years 1 October 2024 82 52.1 6 January 2025 76 48.3 NIS 643 million in dividends distribu
Slide 41: Summary of 2024 results and a view to 2025
Summary of 2024 results and a view to 2025 Growth to an all-time high of sales, gross profit, operating profit, EBITDA, net profit, net profit attributable to shareholders, and cash flows Despite Prolongation of the War’s Impact Impressive organic growth in sales and profits The Company continues it
Slide 42: Thank you!
> aN ee p&»Thank you! _