Ashtrom Group Ltd. · TASE:ASHG
Ashtrom — H1 2026 Earnings Presentation
29 slides from Ashtrom's earnings presentation, August 2026
Slide 1: Over 60 Years of Excellence – Presentation for Capital Market
Over 60 Years of Excellence PRESENTATION FOR CAPITAL MARKET August 2026 Based on June 30, 2026 Financial Statements Convenience Translation into US$ Acro on the Boulevard | Tel Aviv
Slide 2: Disclaimer
DISCLAIMER This presentation is not to be construed as an offer to buy Company securities or an control. invitation to accept such offers, being solely intended for conveying information to The materialization or otherwise of forward-looking information will be affected, among investors. other thing
Slide 3: The Strength in Numbers
THE STRENGTH IN NUMBERS 1963 TA-90 A Rating Year of Foundation Traded on the Index With a Stable Outlook Commitment to ESG by S&P - Maalot & Corporate Responsibility 797 Million US$ 160 Million US$ 100 Million US$ Revenues Gross Profit EBITDA H1 2026 H1 2026 H1 2026 (39) Million US$ 1,714 Million US
Slide 4: Business Strategy
BUSINESS STRATEGY Expansion of the Location of business assets portfolio opportunities & participation & orders backlog in large scale tenders Engagement Reduction Expansion of Partners of Leverage of Capital Base RISHO Complex | Rishon LeZion 4
Slide 5: National Infrastructure Investments Predicted to Exceed US$ 85 Billion
NATIONAL INFRASTRUCTURE INVESTMENTS PREDICTED TO EXCEED US$ 85 BILLION IN FORTH COMING YEARS * The Group possesses the ability, experience and financial competence to obtain a significant part in the projects Ashtrom Concessions Ashtrom Construction Ashtrom Industries The synergy comprises a competi
Slide 6: Growth Engines | Construction & Industries
GROWTH ENGINES | Construction & Industries Ashtrom Construction Ashtrom Industries Revenues target for 2030: US$ 4 Billion Revenues target for 2030: US$ 2 Billion Annual Revenues (Billion US$) Annual Revenues (Billion US$) 1.3 0.7 0.8 0.4 2025 2030 Target 2025 2030 Target ☑ Existing orders backlog ☑
Slide 7: Growth Engines | Ashtrom Properties
GROWTH ENGINES | Ashtrom Properties * Portfolio 592 thousand m + 160 thousand m 2 2 752 thousand m + 337 thousand m 2 2 1,089 thousand m 2 Expansion Scope of Real Estate Under Planning Scope of Real Estate In the Process Total Expected as of 30.06.2026 & Construction ** 2032 Of UDP Approval Scope of
Slide 8: Growth Engines | Ashtrom Residences
GROWTH ENGINES | Ashtrom Residences 19,142 Units 11,450 Units Ashtrom Residences Share * 2,196 Units * 6,383 Units * 10,563 Units * US$ 816 Million Under Construction and/or Marketing Approved under UDP In the Process of UDP Approval Unrecognized Gross Profit ** 10,454 Units * 5,604 Units * 2,181 Un
Slide 9: Growth Engines | Ashtrom Residences for Rent
GROWTH ENGINES | Ashtrom Residences for Rent US$ 1.7 Billion US$ 0.6 Billion 1,302 Units 1,978 Units 3,280 Units Value of Assets Equity Invested Operational Planning Total Portfolio & Construction A Strategic Step Implications for the Group ☑ Realization of 20% at book value Reduction of Leverage ☑
Slide 10: Growth Engines | Ashtrom Renewable Energy
GROWTH ENGINES | Ashtrom Renewable Energy Expected accelerated growth in the volume of commercially operated projects 1,369 1,147 1,076 402 1,369 796 MWdc Solar MWdc Solar 601 Operational + 402 1,147 Actual 2027 2029 2030 2031 + 2030 MWh Storage Solar commercially operated MWdc Storage MWh Facing Fo
Slide 11: Areas of Activity
AREAS OF ACTIVITY 8 Areas of Activity Providing for Business Flexibility, Financial Strength and Risk Diversification Ashtrom Construction Ashtrom Industries Ashtrom Properties Ashtrom Residences Ashtrom Residences for Rent Ashtrom Concessions Ashtrom Renewable Energy Ashtrom International 11
Slide 12: Ashtrom Construction
ASHTROM CONSTRUCTION Execution of Construction and Infrastructure Projects Facing Forward US$ 2.7 Billion Increasing orders backlog Participation in Orders Backlog & maintaining adequate large-scale tenders as of 30.06.2026 * profitability Revenues Gross Profit Segment profit Million US$ Million US$
Slide 13: Construction | Orders Backlog Distribution
ASHTROM CONSTRUCTION | Orders Backlog Distribution US$ 2,698 Million Backlog as of June 30, 2026 * 2029 onwards 639 Q1 2026 209 2028 Q2 2026 729 244 US$ 930 Million Year 2026 Q3 2026 234 Q4 2026 243 2027 853 Subsequently to 30.06.2026 new works were undertaken totaling ~US$ 135 Million, not shown in
Slide 14: Ashtrom Industries
ASHTROM INDUSTRIES * Development, Production, Import and Marketing of Materials for the Construction Industry Facing Forward US$ 0.4 Billion Construction & expansion Increasing the scope of activity Orders Backlog as of 30.06.2026 of quarries and plants & improving profitability Revenues Gross Profi
Slide 15: Industries | All Construction Solutions Activities
ASHTROM INDUSTRIES | All Construction Solutions 8 Activities 2 Quarries under construction SOREK ISRABETON Concrete & Mortar ASHKALIT White Blocks & HANATON 68 million tons Capacity 37.5% * Quarries Ownership QUARRIES ASHBOND ITUMIT Expected EBITDA Company’s share in the quarries Gypsum Blocks Seali
Slide 16: Ashtrom Properties
ASHTROM PROPERTIES * Initiation, Acquisition and Management of Income-Generating Properties Facing Forward US$ 0.9 Billion US$ 2.8 Billion Setting up income-generating Acquisition & upgrading Total Equity Real Estate Value properties in Israel of properties worldwide Revenues Gross Profit Property A
Slide 17: Properties | Properties Distribution
ASHTROM PROPERTIES | Properties Distribution * US$ 2.8 Billion Real Estate Value Israel Germany UK US$ 1.7 Billion US$ 0.5 Billion US$ 0.6 Billion US$ 1.2 Billion Income-Generating US$ 0.5 Billion Income-Generating US$ 0.5 Billion Income-Generating US$ 0.5 Billion Rights & Development US$ 0.1 Billio
Slide 18: Ashtrom Residences
ASHTROM RESIDENCES * Initiation and Marketing of Residential and Urban Renewal Projects Facing Forward US$ 0.4 Billion 19,142 Units Expansion of Total Equity at various stages ** entrepreneurial 11,450 Ashtrom Residences share residential projects Revenues Gross Profit Segment Profit Units’ Sold Mil
Slide 19: Residences | Unrecognized Gross Profit
ASHTROM RESIDENCES | Unrecognized Gross Profit Projects under construction and/or marketing and projects in which construction is expected to begin by the end of 2029 The data reflects Ashtrom Residences share, excluding partners and landowners 4,290 US$ 4,654 Million US$ 816 Million Units to be mar
Slide 20: Ashtrom Residences for Rent
ASHTROM RESIDENCES FOR RENT Initiation, Marketing and Management of Residential Projects for Long-Term Rental Facing Forward US$ 1.7 Billion 1,978 Units Engaging additional partners Value of Assets Under planning & construction into the activity Revenues Gross Profit Appreciation Segment Profit Mill
Slide 21: Residences for Rent | Projects
ASHTROM RESIDENCES FOR RENT | Projects 3,280 Units for Rent at various stages In Operation Under Construction In Planning Expected Completion: 2028 Expected Completion: 2031-2032 5 Projects 4 Projects Shikun HaRofim 1,302 Units for Rent 979 Units for Rent 999 Units for Rent 100% Occupancy 190 Units
Slide 22: Ashtrom Renewable Energy
ASHTROM RENEWABLE ENERGY Initiation, Development and Operation of Renewable Energy Projects Facing Forward 402 MWdc 967 MWdc 1,147 MWh Solar in Operation Solar under construction, Storage In development development & initiation Revenues Gross Profit Segment Profit EBITDA Million US$ Million US$ Mill
Slide 23: Renewable Energy | Global Portfolio
ASHTROM RENEWABLE ENERGY | Global Portfolio Solar Portfolio MWdc USA Projects Operational 402 USA 399 ** In Operation Under Construction Israel 3 Construction* 199 TIERRA BONITA EL PATRIMONIO USA 195 Expected commercial operation H1 2027 1,369 Israel 4 MWdc Development * 475 Solar Output 399 MWdc **
Slide 24: Ashtrom International
ASHTROM INTERNATIONAL Construction, Entrepreneurship and Income-Generating Real Estate Overseas Facing Forward US$ 122 Million US$ 123 Million Expansion of entrepreneurial Land & Inventory Income-Generating Value Real Estate Value activity in Europe and the USA Revenues Gross Profit Segment Profit M
Slide 25: Financial Results for the Reporting Period
FINANCIAL RESULTS FOR THE REPORTING PERIOD Revenues Gross Profit Operating Profit EBITDA - Million US$ Million US$ Million US$ Million US$ H1 2026 797 160 67 100 20.1% 8.4% 12.6% Q2 2026 420 85 50 54 20.3% 11.9% 12.8% Q1 2026 377 75 17 46 19.9% 4.5% 12.3% Acro Business Campus | Savyon Junction Conve
Slide 26: Profit & Loss Statement | Consolidated
PROFIT & LOSS STATEMENT | Consolidated Million US$ H1 2026 H1 2025 2025 Revenues 797 760 1,562 Gross profit 160 167 343 Gross profit margin 20.1% 21.9% 21.9% Operating profit 67 144 304 Net profit (loss) (39) 33 96 Net profit (loss) attributable to shareholders (39) 32 91 EBITDA 100 105 225 Exchange
Slide 27: Increase in Equity with Time
INCREASE IN EQUITY WITH TIME Million US$ Increase in Equity Combined with Significant Investments 4-fold increase in equity attributable to shareholders 507 Cumulative dividend distribution 1,630 1,647 1,714 1,089 648 428 462 IPO Year 31.12.2014 31.12.2016 31.12.2018 31.12.2020 31.12.2022 31.12.2024
Slide 28: Facing Forward
FACING FORWARD Business Strategy Growth Engines Growth Engines Construction & Industries Real Estate Companies Reduction of leverage Increasing the scope of Expansion of the portfolio & improvement of activity & competing for & improving profitability the capital base mega-tenders while exploiting b
Slide 29: Over 60 Years of Excellence
Construction ‘Residences for Rent Renewable Energy International