Avgol Industries 1953 Ltd.

Investor Presentation • May 18, 2025

Disclaimer

This presentation was created by Avgol Industries 1953 Ltd. (the "Company")andservesasabriefandgeneraloverviewofthe company's activities. It does not provide a comprehensive and detailed description of the company's activities and is not intended to replace a review of the company's financial statements. To gain a complete understanding of the company's operations and the risks it faces, as outlined in the disclosure requirements under the Securities Law, it is essential to refer to its immediate and periodic reports published by the company. This presentation includes data and information that may be presented, characterized, edited, or segmented differently from the data in the financial statements. It is emphasized that in any case of a discrepancy between the information in the financial statements and the information in this presentation, the information in the financial statements shall prevail. It is important to clarify that this presentation does not constitute an offer to buy or sell the company's securities, nor does it serve as an invitation to solicit such offers. The information provided herein should not be considered as a basis for making investment decisions, recommendations, or opinions, and it does not replace the investor's own judgment or the review of the company's financial

statements.

This presentation may include forecasts, estimates, and data related to future events whose realization is uncertain and/or beyond the company's control, as well as information about the company's intentions or plans. Such information constitutes "forward-looking information," as defined in the Securities Law. The forward-looking information is based on the company's subjective assessment, made in good faith, drawing on experience and professional knowledge acquired by the company. It also relies on facts and data concerning the current state of the company's business, as well as published macroeconomic and/or statistical information from third parties (which the company has not independently verified and for which it is not responsible). This information is presented as it was known to the company at the time of preparing this presentation. However, the company's estimates and plans may not materialize, in whole or in part, or may materialize in a manner different from what was expected (including significantly), as they could be influenced by factors that cannot be predicted in advance and are beyond the company's control.

Analyst Conference | Who We Are

is a global leader in the development, manufacturing, and marketing of nonwoven fabrics, specializing in the hygiene sector.

We also serve a diverse range of industries, including medical, filtration, and construction, providing innovative and high-quality solutions for various applications.

aspires to continue to grow and strengthen its market position by expanding production capacity to meet the continued growth of the hygiene market.

Our aspiration is to base our growth on developing innovative nonwoven products that will bring a solution to the fast changes in trends and preferences, with the goal to enhance the quality of life.

continues to focus on the Hygiene segment while exploring other niches within the nonwovens industry which are synergetic to our expertise and technology.

Analyst Conference | Strong Footprint to Serve The Global Market

Analyst Conference | We Are Committed to Sustainability

28K MT How we are planning to do things better:

Partner with others that share the same environmental obligation to achieve new, meaningful, and timely results.

Improved Technologies to increase product performance in lighter weights

Being Proactive by Improving Efficiency and Reducing Environmental Impact in our operations

replace unrenewable resins with alternate materials which minimize negative environmental impact

We proudly celebrated the commissioning of our state-of-the-art, highspeed, high-capacity multi-beam nonwovens production line at our reflects our ongoing commitment to excellence and innovation.

Commissioning of the new line was successfully completed towards the end of the first quarter of 2025, and the line is now ready for commercial operation. In the coming months, we will focus on product qualifications and operational ramp-up to further strengthen our capabilities in innovation and responsiveness to market needs.

Our strategic approach of close collaboration with leading industry partners continues to yield strong results. Thanks to our team's deep customer engagement, we are delivering market-driven innovations aligned with current industry trends, supporting our customers in meeting the evolving demands of end consumers in the baby diaper, adult incontinence, and feminine care markets.

The expansion project was executed on schedule and within the original budget of USD 90 million.

Analyst Conference | Quarter Key Highlights

• Sales volume increased 4% and driven by stronger demands in Latin America and Asia.
• Underlying EBITDA decreased 7% due to less favorable product mix and lower operational efficiency, partially offset by the increase in sales volumes.
• Commissioning of the new RF5 line in USA was completed towards the end of the quarter and it is now ready for commercial operation. Next steps includes product qualifications and operational ramp-up.
• Demands in North America still supported by shipments from our other locations.
• Revised agreements with suppliers and customers to reduce lag exposure renewed for 2025.
• Net profit at USD 2.1M, driven mainly by lower finance expenses.

Analyst Conference | Polypropylene Index Trend Raw material indices increased during the first quarter of 2025 but began trendingdownwardinMarch,adeclinethathascontinued

Analyst Conference | Quarterly Financial Performance

Jingmen, China 39K MT \$Mn Q1-25 Q1-24 % Key Highlights Revenues 87.3 86.5 0.9% Driven mainly by an increase of 4% in sales volume The gross profit includes a positive lag impact of \$0.1M, compared to a negative lag impact of \$1.3M in Q1-24 Gross Profit 11.5 10.9 5.5% Maintained at a flat level, increase is attributed to logistics expenses mainly due to increase in sales volumes SG&A Expenses 7.6 7.3 4.1% EBITDA in Q1'25 includes a positive lag impact of \$0.1M, compared to a negative lag impact of \$1.3M in Q1'24 EBITDA 10.5 10.0 5.0% Decrease due to product mix and lower operational efficiency, partially offset by increase in sales volumes Underlying EBITDA 10.5 11.3 7.3% Primarily lower FX expenses due to favorable movement of the RUB and ILS against the USD Net Finance Expenses 0.3 2.1 84.8% Driven mainly by lower finance expenses and other income, in contrast to other expenses recorded in the previous year Net Profit 2.1 0.3 613.3% Remains strong, supported by higher net profit, offset by working capital changes, including unusual tax payments Operating CF 10.1 12.2 17.7%

Analyst Conference | Balance Sheet

\$Mn	31.03.2025	%	31.12.2024	%
CASH AND CASH EQUIVALENTS	61.0	12.7	60.9	13.0
TRADE RECEIVABLES	30.1	6.3	34.0	7.2	Jingmen, China 39K MT SHEET
INVENTORY	38.0	7.9	38.5	8.2
OTHER CURRENT ASSETS	6.7	1.4	5.3	1.1
TOTAL CURRENT ASSETS	135.8	28.3	138.7	29.6
NON-CURRENT ASSETS	344.2	71.7	330.3	70.4
TOTAL ASSETS	480.0	100.0	469.0	100.0
CREDIT FROM BANKS AND OTHERS	87.9	18.3	88.0	18.8
TRADE PAYABLES	35.6	7.4	37.9	8.0
OTHER CURRENT LIABILITIES	22.5	4.7	22.3	4.8
TOTAL CURRENT LIABILITIES	146.0	30.4	148.2	31.6
LONG-TERM LOANS FROM BANKS AND BONDS	107.3	22.4	107.3	22.9
OTHER LONG-TERM LIABILITIES	23.7	4.9	21.9	4.7
TOTAL LONG-TERM LIABILITIES	131.0	27.3	129.1	27.5
EQUITY	203.0	42.3	191.7	40.9
TOTAL LIABILITIES AND EQUITY	480.0	100.0	469.0	100.0

Jingmen, China 39K MT +40% EQUITY TOTOTAL BALANCE SHEET CASH ON HAND ˚61M NET WORKING CAPITAL ˚47M Tightly maintained and \$1M lower than at the end of 2024 34.0 7.2 38.5 8.2 5.3 1.1 138.7 29.6 330.3 70.4 469.0 100.0 88.0 18.8 37.9 8.0 22.3 4.8 148.2 31.6