Meitav Investment House Ltd.

Investor Presentation • Nov 18, 2025

Investors Presentation

November 2025

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 consultation / marketing and / or holding and / or sale of securities and / or financial assets (including securities and / or any of the issued financial assets of the Meitav Group's companies) and it is not a substitute for investment consolation / marketing that takes into account each person's specific needs. The information included in this presentation and any other information that will be provided during the presentation is provided for convenience purposes only, and the presentation does not replace the need to review reports published by the Company to the public and it must be read together with a prospectus, shelf prospectus and/or shelf offering report, as relevant and may published, the Company's financial statements and its immediate reports. This presentation does not include the full results and financial information of the Company' nor the explanations thereto or the details of the Company's general activity of risk factors, nor does it purport to encompass or certain all the information that may be relevant for the purpose of making an investment decision.

The following is the opinion of the Company alone, and reflects its understandings at the time of the presentation. The information, details and analysis set forth in this presentation, including the views expressed, may change without further notice.

Certain matters discussed in this presentation, including projections, objectives, assumptions, estimates and any other information relating to future events and / or matters, the occurrence of which is uncertain and is not under the Company's control, constitute forward-looking statements, as such term is defined by the Securities Law, 1968, and are based on the subjective assessments of the Company's management based on data and information that the Company had when preparing the presentation. The realization or non-realization of forward-looking statements will be affected, among other things, by risk factors characterizing the Company's activities, receipt of regulatory approvals and developments in the economic environment and external factors affecting the Company's activities, which cannot be estimated in advance and are not under the Company's control.

The Company cannot provide assurance that its expectations and estimates, including regarding its plans, will indeed be realized and the results of the Company's activities may differ substantially from the results estimated or implied from this presentation, among other things, due to changes in any of the abovementioned factors. Also, the Company cannot provide assurance that its basic assumptions that are contingent on third parties will be realized. In addition, as of the date of this presentation, it is not possible to assess the full consequences of the War of Iron Swords on the economy and the results of the Company's activities.

Therefore, readers of this presentation are cautioned that the Company's actual future results and achievements may differ materially from those included in the forward-looking statements in this presentation. The forward-looking forecasts and estimates are based data and information available to the Company's management at the time of the presentation and the Company does not undertake to update or amend any such forecast or estimate in order to reflect events or circumstances that will apply after the date of this presentation.

This document is an unofficial translation for convenience only of the Hebrew original of the Investor presentation of Meitav Investment House Ltd. for Q3 2025, that was submitted to the Tel-Aviv Stock Exchange and the Israel Securities Authority on November 18, 2025. The Hebrew version submitted to the Tel-Aviv Stock Exchange and the Israel Securities Authority shall be the sole legally binding version. For details of the policy regarding voluntary disclosure in English, see the Company's immediate report dated August 19, 2024 (reference number: 2024-01-084447).

Meitav at a Glance

The Leading Israeli Investment House...

...With Strong Financial Performance

Note: As at 30/09/2025

• 1) Source: Company's reports and publicly available information
• 2) AUM Assets Under Management
• 3) For definition of Adj. EBITDA, see Page 4 of the Board of Director's report for Q3 2025
• 4) Excluding revenue in respect of legal claims

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.

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

Note: 30/09/2025 % of BoP AUM figures are annualized

Meitav: Selected Financial Data for Q3 2025

• 1) For definition of Adj. EBITDA, see Page 4 of the Board of Director's report for Q3 2025
• 2) Other = Insurance Agencies, Institutional Brokerage, Alternative Investments and other activities

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

Selected Financial Data: An Increase of 57% in the Net Profit Attributed to the Shareholders (1) (in NIS Million)

Investment Highlights

Israel's economy has continued to be resilient through the recent environment and displayed impressive growth despite adversity

Israel's pension system attracts capital through mandatory individual contributions, driving consistent and secular AUM growth

Meitav is the largest investment house in Israel by AUM, managing approximately NIS 383 billion in assets on behalf of more than one and a half million clients

Meitav's strategy is built on three pillars: value creation through long- and short-term savings strategies, and strong growth via credit and retail brokerage segments

Non-bank firms are gaining market share in lending and retail brokerage, with Meitav at the forefront; retail brokerage is highly complementary to asset management

Management Team The Meitav management team brings a wealth of knowledge to the table with 10+ years of experience on average

Segment Analysis

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

Long-Term Savings (LTS): Significant Increase in Revenues

Revenues (in NIS million)

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

Long-Term Savings (LTS): Significant Increase Across All Metrics

• 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

As at 30/09/2025 1) Segment profit excluding effect of legal claims

Short-Term Savings (STS): Continuous Performance Improvement

AUM Portfolio Management

90 NIS Billion

Actively Managed Mutual Funds

ETFs &

As at 30/09/2025

Credit Segment: The Company's Credit Portfolio Continues to Grow

Real Estatebacked credit for private clients in Israel

Meitav: Financing

SME Real Estate First Lien Credit in Ireland

Lotus Investment Group (1)
Property & Construction Finance

Credit Segment: Continued Growth Trend in Both Revenue and Profit

Real Estatebacked credit for private clients in Israel

SME Real Estate First Lien Credit in Ireland

As at 30/09/2025

Retail Brokerage Segment: Continued Growth

Segment Profit (in NIS million)

Revenues (in NIS million)

Accounts (in thousands)

Market Share (1)

Client Assets

Accounts (2) approximately

39 NIS Billion

112,000

• 1) Estimated number accounts
• 2) As at 18/11/2025

Financial Statements

Balance Sheet (in NIS Million)

	As of 30.09.2025	As of 31.12.2024
Cash and short-term investments	571	529
Other current assets	2,581	2,220
Total current assets	3,152	2,749
Long term investments	1,367	1,127
Fixed assets and intangible assets	1,607	1,522
Deferred taxes	54	79
Total assets	6,180	5,477

Net Debt to EBITDA(1)	Net Debt (1)
0.47	332

	As of 30.09.2025	As of 31.12.2024
Credit from banks and others	2,161	1,910
Liabilities for short sale of securities	116	91
Trade and other payables	529	439
Liabilities for legal claims	143	676
Total current liabilities	2,949	3,116
Debentures	679	477
Other long term liabilities	943	767
Equity	1,427	848
Non-controlling interests	182	269
Total liabilities and equity	6,180	5,477

Profit and Loss (in NIS Million)

	9M 2025	Q3 2025	Q2 2025	Q3 2024	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	203	203	-	-	(2)
Total revenue	1,646	718	477	413	1,617
Marketing, operation, general and administrative expenses	832	288	275	249	1,004
Financing expenses for non-bank credit	119	43	38	36	134
Operating income	695	387	164	128	479
Profit from securities held for nostro portfolio investments, net	17	6	6	2	12
Financing income (expenses), net	191	225	(22)	(22)	(65)
Other income (expenses), net	(7)	(3)	1	(3)	(6)
Company's share in profits (losses) in equity accounted investees, net	1	1	-	(2)	(27)
Profit before taxes on income	897	616	149	103	393
Taxes on income	136	64	41	32	103
Profit for the period	761	552	108	71	290
Profit attributed to the Shareholders	727	542	95	62	256

Profit and Loss - Excluding Provisions for Legal Claims (in NIS Million)

	9M 2025	Q3 2025	Q2 2025	Q3 2024	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, general and administrative expenses	832	288	275	249	999
Financing expenses for non-bank credit	119	43	38	36	134
Operating income	492	184	164	128	486
Profit from securities held for nostro portfolio investments, net	17	6	6	2	12
Financing expenses, net	(26)	(11)	(9)	(10)	(33)
Other income (expenses), net	(7)	(3)	1	(3)	(6)
Company's share in profits (losses) in equity accounted investees, net	1	1	-	(2)	(27)
Profit before taxes on income	477	177	162	115	432
Taxes on income	124	52	41	32	103
Profit for the period	353	125	121	83	329
Profit attributed to the Shareholders	319	115	108	74	295