Tadiran Group Ltd.

Investor Presentation • Mar 15, 2023

Company Presentation 2023 March

information looking Forward

.Ltd Group Tadiran by prepared was presentation This the ":hereinafter) (.Ltd Holdings Tadiran :Previously( as") Tadiran "or / and" Group "the or / and" Company not is and Company the about presentation general a full s'Company the review to need the replace to intended .Exchange Stock the and Authority Securities the to reports s'Company the ,alia inter ,including .Ltd Aviv Tel in Value report periodic s'Company the including reports periodic Company ":hereinafter (reports immediate and 2022 for investment regarding decision a making to prior") Reports .securities s'Company the in

not does presentation the in contained information The regarding opinion ,recommendation ,advice constitute / and invest to offer an constitute not does ,investment particular in and (Company the of securities purchase or the to sale "or" public the to offer "an constitute not does independent replace not does and) kind any of" public unique the to according advice personal and examination made be shall offer an Such .investor each of needs after ,law the of provisions the with accordance in only Securities the from permits necessary the obtaining .exchange stock the and Authority

issues the of summary a includes presentation This discussed are they which in context the in described Company the to available information full the not and full the include not does and issues these to relation in and Company the of information financial and results business s'Company the or / and ,them to notes the .factors risk s'Company the or / and plans

,markets international on data includes presentation The ,sales and ,rates penetration ,volumes growth including is data this that emphasized be should It .etc ,statistics assessments s'Company the and data public on based .representations or / and facts any constitute not does and

looking-forward include may presentation This 1968 ,Law Securities the in defined as information including ,")information looking-forward ":hereinafter( s'Company the by assessments subjective ,forecasts the of publication of date the of as management are believes Company the although which ,presentation estimates ,uncertain inherently are Which ,reasonable .events future regarding information and

the at aimed solely is information looking-forward The ,unpredictable ,uncertain is and relates it which to date ,Company the of control the beyond factors by affected realization the and thereof combination a or ,which of each ,activities s'Company the characterize factors risk which of the of activities The .results impair materially may materially be to results actual the cause and Company .information looking-forward the from different

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,above the of generality the from detracting Without inter ,presentation the in contained information the the ,principles working s'Company the regarding ,alia Care Air with connection in plans business s'Company product ,activity energy of expansion ,technology 2O and potential growth ,development and marketing including (years coming the in distribution revenue growth the of realization the for target the advancing information looking-forward is ,)years two by strategy .goals s'Company the on ,alia inter ,derived and based

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is future The here already

vision Company

living better a Enable" through environment a ,energies renewable and climate comfortable "air healthy

ID

600 About employees group the in including( and production (service

leading A division service 200 with technicians

Global presence

growing A the in player renewable market energy

of Sales 2.3 NIS .approx 2022 in billion

a of Launch strategic new 2026 for plan doubling to sales approximately billion 4.5 NIS

Years the Over Development s'Tadiran

5

6

Structure Group

Group Tadiran

water – pumps Heat .solutions heating

field the in solutions Comprehensive conditioning air of

providing been have we years 60 over For air for solutions and products quality consumer household and conditioning years these all Throughout .products technological for striving been have we local of strengthening and innovation of millions enabling while production conditioning air quality enjoy to Israelis .round year all

an create to goal our it made have We and health on impact positive ongoing and treatment air through life of quality we ,Simultaneously .spaces living upgraded consider ,needs customer to listen to strive and ,factors environmental various the and advanced ,innovative towards work .solutions friendly environmentally

solutions green of Variety A

air of range wide a offers Group The the both for products conditioning the Via .markets commercial and private determine can you ,website s'company space the suits that conditioner air the air An .building the of character the and properly be must solution conditioning part in ,needs s'customer the to adapted with and efficiently function to it enable to .use energy minimum

development Completed TM3 Airow Tadiran of

technology purification Air

Technology Patented :patents International mechanism cleaningself Automatic method usage and

free-Maintenance or maintenance No cost additional

Indicator Action monitoring in-Built indicate to cycle consumption energylow with operation

Free Ozone

the meet to Verified of requirements ozone and 867 UL standard CARB by approved

Indicator Action air its Continues even action purification conditioner air the after off turned is

Play & Plug in install to Easy conditioning air ducted systems

in effective be to proven been has™ 3 AIROW TADIRAN .conditions test the under ,space .m .cu 1 a in ,bacteria and viruses other and coronavirus -2Cov-SARS the including ,pathogens airborne known of 99.93% to up eliminated technology™ 3 AIROW TADIRAN the that found tests Laboratory does Tadiran .device medical a not is apparatus The .)chamber 3m 18 an inside experiment an in (minutes 60 within 99.93% about by bacterium epidermidis staphylococcus airborne the also and aerosol an as) coronavirus the simulates that surrogate a (virus 2MS the of presence the reducing .infection prevent to measures regarding officials medical qualified and organizations health public of guidelines to adhere to continue must Customers .pathogens biological to exposed be not will device the using someone that guarantees™ 3 AIROW TADIRAN that claim not years 5 around is product of Life 1.

2023 in marketing Began 2.

shop stop one - Israel in systems Solar

panels Solar

of distributor Authorized international leading a - .manufacturer panel

systems Optimization

monitoring ,optimizers ,Converters leading a is company The .devices converters of distributor

systems Mounting

produce and materials raw Import for drawings to according systems customers

Solutions Energy Tadiran

market storage the in footprint its expanding is Tadiran

into entered 2022 In the for agreements storage of supply of value the in systems

m\$215

charging EV

for system Charge Smart vehicles electric managing charging

for management Energy utilization smart and maximum the in supply electricity the of building

transparent ,easy ,Automatic collection professional and .(billing (management

,AC charging for stations Smart vehicles DC

13

carried is management charging vehicle electric of field the in activity s'company The third by and) 51% (subsidiary owned wholly a by held company private a through out .material not is activity the of scope the ,stage this At .)49% (parties

shop stop one - Europe in Systems Solar

Europe into expansion First

and ,Jinko ,Qcells of distributor Authorized manufacturers panel Global – others

charging EV pumps Heat systems Mounting

made-ready of distribution and Import systems mounting

storage Energy systems conversion Energy panels Solar

company The .optimizers ,Converters and Huawei ,SolarEdge of products distributes others

leading the from pumps heat of Distribution others and LG ,Daikin - manufacturers

others and ,LG ,BYD of distributor Authorized

• vehicles charging for products of Distribution others and Wallbox ,Mennekes

capabilities and assets s'Company

Professionalism customers with Relationships supplier technology Advanced

from systems storage and panels ,Converters world the in manufacturers best the

segments many with relationships Customer s'company the on based years the over reputation

sense high a with professionals quality-High service of

2022 - results Financial

(millions in NIS(

	4Q 2022	4Q 2021	Change	FY 2022	FY 2021	Change
Revenues	492.7	371.2	32.7%	2281.6	1447.8	57.6%
Gross profit	76.3	81.1	-5.9%	415.4	354.6	17.1%
Gross margin	15.5%	21.9%		18.2%	24.5%
Operating profit	29.2	35.2	-17.0%	214.4	186.1	15.2%
Operating margin	5.9%	9.5%		9.4%	12.9%
EBITDA	40.4	44.3	-8.6%	257.4	210.5	22.3%
EBITDA margin	8.2%	11.9%		11.3%	14.5%
Finance expenses *net ,	) (51.4	(1.8)	2731.5%	) (68.8	(8.0)	757.7%
Profit before tax	) (22.8	38.2	-159.7%	143.6	182.9	-21.5%
PBT margin	-4.6%	10.3%		6.3%	12.6%
Net profit	) (30.2	30.9	-197.9%	87.2	141.5	-38.3%
Net margin	-6.1%	8.3%		3.8%	9.8%
Comprehensive income	0.3	28.8	-99.0%	109.5	141.5	-22.6%
Comprehensive income margin	0.1%	7.8%		4.8%	9.8%
Cash flow from operations	98.6	10.3	853.2%	86.5	27.7	212.7%

consideration contingent and option put the for liabilities the of revaluation the to relates million 45 NIS .approx ,amount this of ,quarter th4 the In* 15 Solar VP to pertaining

2023 March

2026 Tadiran Summary plan strategic of

Plan Strategic 2020

(millions in NIS(

strategy a 2020, In within formulated was target revenue a which 2 NIS approximately of 2025 until set was billion

strategic 2020 the of Completion early years 3 plan

(millions in NIS(

Sales development 2020-2022

plan strategic 2020 + reports financial Tadiran :Source

2022-2026 development Revenue

(millions in NIS(

of revenues Expected billion 4.5 NIS about operating an and 450-495 NIS of profit

margin Operating profit Operating Revenues

sector energy the in Purchases 2022 and 2021 during

the into Entry market energy on based was made acquisitions in 2022 and 2021 in Italy and Israel

on acquired was Systems Aviam purchased was 25% remaining the 6.2021, on and acquired was Solar Eliran of 75% 12.2020, on :Solar Tadiran Solutions Energy Tadiran renamed was and) eVM and Systems Tensor (companies related all with together 8.2021

each in growth of source expected The goals 2026 the meet to order in segment

2026 versus 2022 in distribution Revenue

growth activity for Guidelines

Consumer Goods	Guidelines	New Energy	Guidelines
Air conditioning residential and commercial	• Maintaining market leadership in the domestic segment • Continued expansion of activity and growth in the commercial segment • Emphasis on introducing new products with added value to the market	Solar	• Continued growth in the Italian market and organic development in the rest of the European markets • Future market size in Israel • Increasing the national distribution by opening another branch in the north of the country
Heat pumps	• Green building standard in Israel • The excess demand in the European market for heat pumps • Production of heat pumps a in factory in Afula no - need for significant investments • Cooperation with European distribution companies and or/	Energy Solutions ( storage and (UPS	• The company has business contracts in the amount up of to about \$215 million and at the same time several open offers • The development of the storage sector in Israel • Expansion in activity that includes marketing of uninterruptible power systems and other electrical systems
Air Purification - Tadiran Airow	use of the VP Solar platform • 2023 First commercial year Go• To Market is currently focused on B2B distributors in	EV charging	• The growth of the electric vehicle market • Focus on the marketing of charging stations for all types of electric vehicles
several markets		Aluminum	• The activity includes the production and trade of profiles for the local market In• the future - is it possible to expand the activity to international markets

growth activity for Guidelines