Meitav Investments House Ltd · TASE:MTAV
Meitav Investments House — Meitav Investment House — Q3 2025 Earnings Presentation
23 slides from Meitav Investments House's earnings presentation, November 2025
Slide 1: Investors Presentation
Investors Presentation November 2025
Slide 2: Disclaimer
Disclaimer The following presentation was prepared by Meitav Investment House Ltd. (hereinafter: the "Company") as a general presentation about the Company and is intended for institutional investors only. This presentation does not comprise an opinion, suggestion, recommendation or purchase consult
Slide 3: Meitav at a Glance
Meitav at a Glance The Leading Israeli Investment House... ...With Strong Financial Performance NIS 383B 1979 AUM (2) Founded 23% YoY ↑ 108k #1 Retail Brokerage Investment House Accounts by AUM (1) 32% YoY ↑ NIS 3,580M TASE:MTAV Total Credit Portfolio 29% YoY ↑ AA3 NIS 1.9B Midroog/Moody’s LTM Group
Slide 4: Revenue: Continued Growth Across All Business Segments
Revenue: Continued Growth Across All Business Segments (in NIS Million) • Total group revenue: NIS 515 million, reflecting 25% increase compared to the same quarter last year. +63% +22% 1,619 83 1,443 1,313 318 81 1,192 86 1,178 288 1,112 99 64 245 186 995 99 199 233 159 109 188 160 116 405 133 162
Slide 5: AUM: Consistently Positive Net Flows
AUM: Consistently Positive Net Flows Total AUM Flows (in NIS billion) 58% of AUM growth attributed to positive net flows from Q1 2021 - Q3 2025 Key: Beginning of Period AUM Yield (net of Fees) as % of BoP AUM Net Inflows as % of BoP AUM M&A Activity as % of BoP AUM(1) 15% 8% 14% 8% 11% 8% 11% 15% 34
Slide 6: Meitav: Selected Financial Data for Q3 2025
Meitav: Selected Financial Data for Q3 2025 Revenues Adjusted EBITDA(1) Other Other 6%(2) 7%(2) Retail Credit Credit Retail Brokerage 19% 19% Brokerage 11% 12% 515 219 Short-Term NIS Million NIS Million Savings (STS) Short-Term 24% Savings (STS) 26% Long-Term Long-Term Savings (LTS) Savings (LTS) 36
Slide 7: Adjusted EBITDA
Adjusted EBITDA (1) (in NIS Million) • Adjusted EBITDA of NIS 219 million in the current quarter, an increase of approximately 45% compared to the same quarter last year, an annual rate of NIS 876 million +52% +47% 592 +45% 565 401 392 402 371 318 219 151 2020 2021 2022 2023 2024 9M 2024 9M 2025 Q3
Slide 8: Selected Financial Data: An Increase of 57% in the Net Profit Attributed to the Shareholders
Selected Financial Data: An Increase of 57% in the Net Profit Attributed to the Shareholders (1) (in NIS Million) Net Profit Excluding Provisions for Legal Claims Net Profit Attributed to the Shareholders Excluding Provisions for Legal Claims +51% +55% 125 83 115 74 Q3 Q3 2024 2025 2024 2025 +57% +5
Slide 9: Investment Highlights
Investment Highlights Well-Positioned in Israel's economy has continued to be resilient through the recent environment and displayed impressive growth 1 Growing Israeli Market despite adversity Benefit from Pension Israel’s pension system attracts capital through mandatory individual contributions,
Slide 10: Segment Analysis
Segment Analysis 9
Slide 11: Long-Term Savings (LTS): Positive Net Flows Driven by Deposits and Market Share Gain
Long-Term Savings (LTS): Positive Net Flows in Long-Term Savings are Driven by Deposits and Market Share Gain, Net Long-Term Savings AUM Flows (in NIS billion) 63% of AUM growth attributed to market share gain and net deposits in Q1 2021 – Q3 2025 Key: Beginning of Period AUM Yield (net of Fees) as
Slide 12: Long-Term Savings (LTS): Significant Increase in Revenues
Long-Term Savings (LTS): Significant Increase in Revenues Revenues (in NIS million) +108% +26% 627 573 +28% 476 456 407 339 302 206 161 2020 2021 2022 2023 2024 9M 2024 9M 2025 Q3 2024 Q3 2025 11
Slide 13: Long-Term Savings (LTS): Continuous Improvement in Management Fee Rate
Long-Term Savings (LTS): Continuous Improvement in Management Fee Rate in Provident and Study Funds and a Positive Outlook Moving Forward Average Management Fees Rate and YoY Rate Change 0.70% 6.35% 0.64% 5.12% 0.06 0.65% 0.60% 2.17% 0.60% 0.57% 0.01 0.55% 0.55% 0.52% 0.55% -1.26% 0.49% 0.49% 0.50%
Slide 14: Long-Term Savings (LTS): Significant Increase Across All Metrics
Long-Term Savings (LTS): Significant Increase Across All Metrics Segment Profit(1) (in NIS million) +45% +225% • The class-action settlement was approved in August 2025, and a process of more than a decade was completed. The Company cancelled a provision of NIS 375 million +55% 166 175 121 73 68 51
Slide 15: Short-Term Savings (STS): Continuous Performance Improvement
Short-Term Savings (STS): Continuous Performance Improvement Segment Profit (in NIS million) AUM (in NIS billion) Revenues (in NIS million) +30% +37% +99% +25% +17% +17% 161 163 162 153 +26% 405 +14% 192 371 371 346 342 125 128 171 164 323 112 149 292 137 127 58 86 46 107 122 2020 2021 2022 2023 202
Slide 16: Credit Segment: The Company's Credit Portfolio Continues to Grow
Credit Segment: The Company’s Credit Portfolio Continues to Grow Total Credit Portfolio (in NIS million) +29% 3,580 3,325 3,018 3,098 2,781 896 781 605 677 593 839 944 800 792 714 1,474 1,613 1,629 1,705 1,740 30.9.24 31.12.24 31.3.25 30.6.25 30.9.25 Peninsula Meitav Financing Lotus SME Credit Real
Slide 17: Credit Segment: Continued Growth Trend in Both Revenue and Profit
Credit Segment: Continued Growth Trend in Both Revenue and Profit Segment Profit (in NIS million) Revenues (in NIS million) +16% +31% +96% +24% +33% 318 +22% 114 117 288 108 245 233 98 96 89 84 188 199 162 40 81 99 30 2020 2021 2022 2023 2024 9M 2024 9M 2025 Q3 2024 Q3 2025 2020 2021 2022 2023 2024
Slide 18: Retail Brokerage Segment: Continued Growth
Retail Brokerage Segment: Continued Growth Segment Profit (in NIS million) Revenues (in NIS million) Accounts (in thousands) +192% +173% +88% +26% +21% +20% +24% 186 +24% 108 82 70 72 160 159 89 57 133 67 115 116 56 40 99 49 30 26 26 57 37 21 46 2020 2021 2022 2023 2024 9M 9M Q3 Q3 2020 2021 2022 20
Slide 19: Financial Statements
Financial Statements 18
Slide 20: Balance Sheet
Balance Sheet (in NIS Million) As of As of As of As of 30.09.2025 31.12.2024 30.09.2025 31.12.2024 Cash and short-term investments 571 529 Credit from banks and others 2,161 1,910 Other current assets 2,581 2,220 Liabilities for short sale of securities 116 91 Total current assets 3,152 2,749 Trade
Slide 21: Profit and Loss
Profit and Loss (in NIS Million) 9M Q3 Q2 Q3 2024 2025 2025 2025 2024 Revenue from management fees, commissions and other 1,155 416 379 332 1,301 Income from non-bank credit activity 288 99 98 81 318 Total revenue 1,443 515 477 413 1,619 Income refund in respect of legal claims against the Company 2
Slide 22: Profit and Loss - Excluding Provisions for Legal Claims
Profit and Loss - Excluding Provisions for Legal Claims (in NIS Million) 9M Q3 Q2 Q3 2024 2025 2025 2025 2024 Revenue from management fees, commissions and other 1,155 416 379 332 1,301 Income from non-bank credit activity 288 99 98 81 318 Total revenue 1,443 515 477 413 1,619 Marketing, operation,
Slide 23: Meitav: Investment House
Meitav: Investment House ayy Be suaayy eyuayhteeccesennnesetene ree ebnnnne Vee ieneytytttteetene ta teas eet N aL eitteteeeeaRthae ag it _ * somes + TE ait Tess it 2
Meitav Investment House — Q3 2025 Earnings Presentation on 6ix