Albaad Massuot Yitzhak Ltd. — Investor Presentation 2025

Mar 12, 2025

FINANCIAL RESULTS OVERVIEW 2024

FORWARD LOOKING STATEMENT

Legal disclaimer Important notice This presentation (the "Presentation") is for informational purposes only and does not constitute or form any part of any offer for sale or subscription of, or solicitation of, any offer to buy or subscribe for any shares of Albaad Massuot Yitzhak LTD. (the "Company") or any of its

affiliated entities. This presentation contains partial information from the public reports of the Company under the Israeli Securities Law 5728-1968 (the "Securities Law"), which can be accessed on the Israeli Securities Authority's website, www.magna.isa.gov.il. A review of this presentation is not a substitute for a review of the detailed reports of the Company under the Securities Law and is not meant to replace or qualify them; rather, the presentation is prepared merely for the convenience of the reader, with the understanding that the detailed reports are being reviewed simultaneously.

Everything stated in this Presentation with respect to an analysis of the Company's business is merely a summary and any forward-looking statements involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company. Such forward-looking statements are not guarantees of future results, performance or achievements and are based on current expectations, estimations, and assumptions, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performances or achievements of the Company may differ materially from what is or may be expressed or implied in this presentation due to a variety of factors, many of which are beyond the Company's control, including, without limitation, certain risk factors contained in the Company's reports. The Company disclaims any obligation or commitment to update these forward-looking statements to reflect new information, future events or developments or changes in expectations, estimates, projections and assumptions or otherwise.

COMPANY FINANCE STABILIZATION PLAN

Net Debt Reduction 166M NIS in two years Achieving Bank Covenants 1.21 & 31.4% Refinanced 137M NIS to long-term loans Inventory Optimization 76M in two years Sale & Lease Back 40M

NET DEBT TO EBITDA TRENDS 2022-2024

QUARTERLY BASIS (K NIS)

Net Debt EBITDA (LTM)

COVENANTS

Trends 2022-2024 Quarterly Basis

FURTHER PROFITABILITY IMPROVEMENT

Production Optimization & Capacity increase

Dimona Green Hybrid production line

Focusing on New Customers & Innovation products

4

INCREASING GROWTH RATE AND ENHANCING THE COMPANY'S PRODUCTION CAPABILITIES

2024 ACHIEVEMENTS SALES 1,720M NIS +0.5% vs. LY EBIT 112M NIS +18% vs. LY EBITDA 205M NIS +13% vs. LY NET PROFIT 45M NIS +9% vs. LY NET PROFIT 47M NIS +52% vs. LY

• GROSS PROFIT MARGIN 20.2% +0.1% vs. LY
• (1)
• (2)
• (2)
• OPERATING Cash Flow 153M NIS, Free Cash Flow 112M NIS (3)
• REFINANCED 137M NIS, to long-term loans
• BANK NET DEBT DECREASED BY 118 M TO 418M NIS
• CLOSING Dimona Sale & Lease back agreement

HIGHLIGHTS

HIGHLIGHTS
2024 Results VS. Last year	(K NIS)
+0.5%	Sales Sales in original currency 0.1%		Sales	Year 2024 1,719,768	Year 2023 1,710,479	Var 9,289	Var % 0.5%
+18%	Operating Profit		EBIT	107,061	93,038	14,023	15.1%
	+15% including others EBITDA		EBIT (Before Others) EBITDA (Continued operation)	111,650 205,437	94,510 182,461	17,140 22,976	18.1% 12.6%
+13%	+11% inc. discontinued operation		EBITDA	203,114	182,265	20,849	11.4%
+9%	Net Profit +52% inc. discontinued operation		Net Profit (Continued operation)	45,105	41,219	3,886	9.4%
+21%	* Net Profit exc. impairment	Exc. impairment	Net Profit Net Profit (Continued operation) *	47,018 49,783	31,001 41,219	16,017 8,564	51.7% 20.8%

* SALES & EBIT BY DIVISION

2024 Results VS. Last year (K NIS)

	Year 2024	Sales Year 2023	Var %	Var % (Org.)	EBIT Year 2024	* Year 2023
Albaad Europe % from sales	1,354,659	1,300,572	4.2%	3.8%	97,467 7.2%	63,043 4.8%
Albaad IL % from sales	236,784	222,139	6.6%	6.4%	11,638 4.9%	(3,827) (1.7%)
Albaad Fabric IL % from sales	320,359	363,996	(12.0%)	(12.1%)	14,890 4.6%	33,176 9.1%
Albaad Fem IL % from sales	201,788	250,542	(19.5%)	(20%)	8,389 4.2%	37,080 14.8%
Intercompany	(393,822)	(426,770)			1,012	(9,235)
HeadQuarter & Others					(21,746)	(25,727)
Total Company % from sales	1,719,768	1,710,479	0.5%	0.1%	111,650 6.5%	94,510 5.5%
Other Income/Expenses	1,719,768	1,710,479	0.5%	0.1%	(4,589) 107,061	(1,472) 93,038

* EBIT before others

* SALES & EBITDA TRENDS 2022-2024

QUARTERLY BASIS (K NIS)

HIGHLIGHTS

Q4.2024 Results VS. Last year (K NIS)

-1.6%	Sales Sales in original currency 2.5%
-26%	Operating Profit -45% including others
-12%	EBITDA -24% inc. discontinued operation
-46%	Net Profit -65% inc. discontinued operation
-8%	* Net Profit exc. impairment	* impairment

	Q4 2024	Q4 2023	Var	Var %
Sales	412,297	418,909	-6,612	-1.6%
	13,711	24,872	-11,161	-44.9%
EBIT
EBIT (Before Others)	18,906	25,628	-6,722	-26.2%
EBITDA (Continued operation)	42,467	48,370	-5,903	-12.2%
EBITDA	40,517	53,127	-12,610	-23.7%
Net Profit (Continued operation)	6,537	12,216	-5,679	-46.5%
Net Profit	4,430	12,497	-8,068	-64.6%

* SALES & EBIT BY DIVISION

Q4.2024 Results VS. Last year (K NIS)

*
		Sales			EBIT	*
	Q4 2024	Q4 2023	Var %	Var % (Org.)	Q4 2024	Q4 2023
Albaad Europe % from sales	326,700	331,164	(1.3%)	2.8%	16,743 5.1%	23,125 7.0%
Albaad IL % from sales	59,966	44,976	33.3%	35.6%	2,699 4.5%	(4,631) (10.3%)
Albaad Fabric IL % from sales	82,073	92,887	(11.6%)	(6.7%)	2,049 2.5%	8,990 9.7%
Albaad Fem IL % from sales	48,786	56,665	(13.9%)	(10.8%)	1,172 2.4%	7,077 12.5%
Intercompany	(105,228)	(106,783)			908	(1,198)
HeadQuarter & Others					(4,665)	(7,735)
Total Company % from sales	412,297	418,909	(1.6%)	2.5%	18,906 4.6%	25,628 6.1%
Other Income/Expenses					(5,195)	(756)
Total Company % from sales	412,297	418,909	(1.6%)	2.5%	13,711 3.3%	24,872 5.9%

BALANCE SHEET

AS OF 31.12.2024 VS. 31.12.2023 (K NIS)

	BALANCE SHEET
	AS OF 31.12.2024 VS. 31.12.2023 (K NIS)
			31.12.2024	% from total	31.12.2023	% from total
		Cash and cash equivalents	25,158	2%	19,133	1%
25M	Cash on hand	Trade Receivables	219,046	15%	213,956	14%
		Inventory Other Current Assets	316,837 36,067	21% 2%	328,969 32,184	21% 2%
	Reduction in Net Debt	Total Current Assets	597,108	40%	594,242	38%
118M	106M in short term	Non Current Assets	912,848	60%	988,361	62%
		Total Assets	1,509,956	100%	1,582,603	100%
		Credit from banking & institutions	286,592	19%	392,243	25%
437M	Equity	Trade Payables	216,362	14%	222,718	14%
		Other Current Liabilities	154,501	10%	98,222	6%
	Equity from	Total Current Liabilities	657,455	44%	713,183	45%
29%	total balance sheet	Long-Term Loans from banks	157,025	10%	163,422	10%
		Other Long-Term Liabilities	258,109	17%	302,756	19%
		Total Long-Term Liabilities	415,134	27%	466,178	29%
		Equity	437,367	29%	403,242	25%
		Total liabilities	1,509,956	100%	1,582,603	100%

2024 SUMMARY

Improvement in our result

Maintaining positive performance for 2024

(2) EBITDA & Net profit from continued operation

ESG FOCUS

• 5 th consecutive year of high-tier recognition
• Reflects our commitment to sustainable business practices and demonstrates consistent excellence and improvement in:
  • Environmental stewardship
  • Social responsibility
  • Corporate governance

INNOVATION & FUTURE GROWTH GREEN PRODUCT LINE IN DIMONA THE NEXT GENERATION

• Green hybrid production line that enables production in both paper technology and green non-woven technology
• The Hydrofine® Products from the new hybrid line will serve both flushable MTT wipes as well as traditional baby, cosmetic and cleaning wipes
• All Hydrofine® Products are made from 100% natural, plant based components
• After a year delay, professional technicians are back on site finalizing the assembling of the new line Production is expected H2.2025
• Approximately 168M NIS invested up to Dec. 2024 from total budget of about 200M NIS

THANK YOU