Alony Hetz

Investor Presentation • May 20, 2025

2025 OF QUARTER FIRST - UPDATE BUSINESS GROUP

.document Hebrew original the of translation unofficial an constitutes document This for prepared was translation This .version binding the is version Hebrew The .only purposes convenience

Presentation the to Notes General

solely intended is and ,")Company the (".Ltd Investments and Properties Hetz Alony by prepared was presentation This receive to invitation an or Company the of securities sell or purchase to offer an constitute not does It .investors for basis a constitute not does presented information The .information provide to solely intended is and ,noted as ,bids .judgment s'investor the for substitute a not is and opinion or recommendation ,decision investment an reaching for

is ,investees its and Company the of operations the of analysis an to relates that all in ,presentation the of contents The the which with risks the and activities s'Company the of picture complete a obtain to order in and ,summary a merely that reports quarterly and periodic ,immediate its ,prospectus shelf s'Company the review should one ,contends Company that information and data includes presentation The .")information public the ("system MAGNA the through reported are the from calculated be could that such or reports said the in included data the than differently edited and presented are .information public the for substitute a not is herein presented information The .reports s'Company the in included data

the under not is and certain not is materialization whose ,events future to related data ,estimates ,assessments ,Forecasts energy and estate real the in trends of development ,forecasts macroeconomic ,investees its and Company the of control revenue ,produced quantity the and prices electricity in changes ,occupancies and prices rental in changes ,markets ,projects of construction and initiation the 2025, for forecast dividends ,forecasts FFO and NOI of calculations ,forecasts of connection expected to related data ,costs construction ,timetables expected (field energy the in projects including ,transaction redemption holdings JPM the of materialization the and,)revenues future and grids electricity the to plants based is information such and ,)1968 (Law Securities the of A32 Section in defined as ,information looking-forward are experience past on based ,faith good in conducted was which ,Company the of assessment subjective the on solely the of state current the to related data and facts on based ,Company the by aggregated how-know professional the and from Company the by gathered data macroeconomic and facts on and ,investees its and Company the of businesses .("information looking-forward ("prepared was presentation this when Company the to known as all ,sources other

by ,alia inter ,impacted be will information looking-forward the of materialization-non or materialization The economic the in developments by and ,investees its and Company the of operations the characterize that factors risk operating s'Company the ,therefore and ,)particular in Israel in and general in globally (environment geopolitical and .presentation this in provided that from significantly differ could results

HETZ ALONY

HETZ ALONY ³

sectors two on Focus

producing-Income properties

energy Renewable

companies Group The stable ,constant generate cash term-long and .flows

companies Group The the in engaged are projects of development the with accordance in the by determined scopes the of directors of boards .companies group

operates Group The of awareness with social and environmental the and responsibility its of consequences to holding while activities governance corporate high .standards

financial Conservative - policy management of level high a maintaining financial ,assets unpledged term-long with liabilities credit diverse ,durations unutilized maintaining ,sources efficient and facilities credit .ratios leverage

Strategy Business

HETZ ALONY

date publication presentation the until 2025 of beginning the from events Key

and generating Electricity renewable use reservoirs USA ,Israel in sources energy Poland and

energy Renewable

presentation this of date publication of as Structure Holdings

HETZ ALONY

Composition Portfolio Investment *economic / 2025 March of end the of as

Million NIS / 2025 for Dividends of Forecast

(presentation the on comments general see (information looking-forward is This * ILS million 98 totaling equivalents cash and cash Excluding* realized if redemption holdings JPM of impact the Ignoring**

Portfolio Investment HETZ ALONY

million NIS / 2025 1Q in IFRS Portfolio Investment in Changes

publication presentation the till 2025 January from received were ILS million 156 .date

million NIS / presentation of date Publication of As dates maturity Debt

in facilities credit has Company The which ,million 550 NIS of amount the s'presentation the of as unutilized are .date publication

"3Aa "rated are bonds s'Company The and Midroog by outlook negetive .alot'Ma by outlook negetive" ilAA"

s'Company the of None .pledged are properties

compliance in is Company The of covenants financial the all with .facilities credit and bonds the

financial s'Company the of All .credit bank-non is debt

(expanded solo Company (Leverage and Debt Financial of Structure HETZ ALONY

million NIS \ shareholders majority - equity in Changes million NIS \ shareholders majority - 2025 1Q in equity in Changes

.investments its of respect in exposure currency hedging partially of policy a has Company The*

Equity HETZ ALONY

million NIS / NAV Adjusted .vs statements financial on based) NAV (Value Assets Net of Measurement HETZ ALONY

taxes deferred Ignores *** / cash deducting after Debt ** / 2025 ,th18 May is) rates exchange and prices market stock including (NAV adjusted of calculation for update of Date*

2025 of Quarter First - Update Business Group 10

***share per NAV

Leverage

Other investments mainly( in Brockton (Funds	224	(5)
GAV	10,895	2,383
Net financial debt **	) 5,294 (	(28)
NAV ***	5,601	2,355

Data from financial statements of as March 2025	Adjustment to stock value as date of of update , including exchange rate adjustments	Adjusted data of as date of update *	basis
4,621	333	4,954	price
1,135	2,208	3,343	price
3,189	) 74 (	3,115	IFRS
1,373	(66)	1,307	IFRS
353	(13)	340	IFRS

Adjusted data of as date of update *	Measurement basis
4,954	Stock market price
	Stock market price
1,307	IFRS
340	IFRS
219	IFRS
13,278
) 5,322 (	IFRS
7,956
37.0
40%

2025 31, March of as Data KeyAMOT

Real Estate Income Producing	No of . leased properties 112	GLA 1.9 million .sqm million 1.2 sqm above ground space		Occupancy rate 93.2%	Weighted average cap rate 6.4%
Real Estate Under construction	No of . projects 5	GLA 194 thousand Amot share s'	.sqm	Total construction 3.4 ILS billion Amot share s'	costs	17.3
Financial Debt	Leverage rate 45%	weighted average debt duration 5.0 years		Net financial debt 1.9%	Credit Rating /AA Stable Maalot 2/Aa Stable Midroog
Financial Data	NOI 264 ILS 2025 1Q 1,060 2025 middle of rang forecast	million ILS million	FFO based 202 2025 1Q 815 2025 middle of rang forecast	on management ILS million ILS million	s' approach	Income producing properties

billion NIS in / Structure Sheet Balance

properties of breakdown Geographic

Central region 75%

* properties producing-income of value in Breakdown

35% Metropolitan Aviv Tel

data AdditionalAMOT

Israel ,Aviv Tel / I ToHa / AMOT

data financial Additional

presentation the on comments general see - information looking-forward is This*

.presentation the on comments general see - information looking-forward is This) * image (Zrifin center Logistics 5 / Brak Bnei site Lechi 4 / Shemesh Beit Center Logistics 3 /) image (Jerusalem Complex K 2 /) image (Aviv Tel II ToHa 1

million NIS / NOI in increase for future Potential

2028 in completed be to expected one last the with ,construction under Projects

2024 NOI

100% on based presented is data The 50%. part s'Amot II ToHaAMOT

rental for Google with agreement rental of Signing space the before stage the at (sqm thousand 60 of at commencing period year10- a for) subdivided is rental annual for consideration in 2027, of start the .million 115 NIS of fees

320 million NIS full at NOI Expected occupancy

2026 4Q construction Estimated date completion

GBP million in / Structure Sheet Balance

2025 31, March of as Data Key EVERLAST BROCKTON

Income producing properties 30% Leverage rate years 2.0 average weighted duration debt 4.7% financial Net debt forecast 2025 approach s'management on based FFO million GBP 2 million GBP 10 2025 1Q Real Estate Real Estate Under construction Income Producing Financial Debt Financial Data 97.4% 11 GLA .sqf million 1.5 1 of .No Projects Total GLA costs construction million GBP 700 .sqf thousand 453 Occupancy rate leased of .No assets NOI forecast 2025 million GBP 10 million GBP 42 2025 1Q 5.8% average Weighted rate cap 713

regions geographic by Breakdown use and properties of value to according

Information Additional EVERLAST BROCKTON

*NOI representative

GBP million 550 GBP million 145 *invested yet not Balance

presentation the on comments general see - information looking-forward is This*

GLA Future GLA Current

.sqft thousand 453 .sqft thousand 126

*period Construction

EVERLAST BROCKTON Building Dovetail The

THE BUILDING DOVETAIL

• Fenway The) London Paddington (House Waterside

GBP million 219 sqm thousand 49 GBP million 192 sqft thousand 238 2025 1Q of as Value Area Land Total 2025 1Q of as Value GLA Current

*GLA Future

.sqft thousand 224 GLA Current

.sqft thousand 413 alternative an as BE by promoted being plan zoning the with accordance In advanced being plans zoning on based .S&M to building the leasing to

.sqft thousand 800 *GLA Future

properties development and producing income in investments main on Information Additional EVERLAST BROCKTON

presentation the on comments general see - information looking-forward is This*

building entire the Leasing headquarters its as use for

2025 31, March of as Data KeyCARR

presentation the on comments general see - information looking-forward is This / out carried if ,deal JPM the of impact the excluding ,portfolio existing s'Carr to refers forecast The*

data financial AdditionalCARR

presentation the on comments general see - information looking-forward is This / out carried if ,holdings their redeeming of process the of part as JPM to assets three of transfer the the excluding ,portfolio existing s'Carr to refers forecast The*

million USD / NOI million USD / approach s'management on based / FFO

VA ,Alexandria VA ,Arlington

100% :ownership / Wilson 3033

GLA 243 thousand .sqf	No of . units 309	Expected construction start 2026 June	GLA 216 thousand .sqf	No of . units 237	Expected construction start 2025 February
Expected completion date 2028 January	NOI 11 USD million	Cunstruction budget 145 USD million	Expected completion date 2027 February	NOI 9 USD million	Cunstruction budget 131 USD million

projects residential rental of DevelopmentCARR

presentation the on comments general see - information looking-forward is slide this in data the All*

project the of partner managing the is CARR the in partner equity an also and) 100% GP( (10% LP (itself project

CARR

presentation the on comments general see - information looking-forward is This*

has CARR ,redemption aforementioned the implementing for preparations of part As identical value a ,million \$120 of total a for properties two sell to agreements signed 2024. of end the of as properties the of value appraisal the to

the in Congress One for agreement financing new a into entered CARR ,May In of period a for ,)million \$570 of loan construction a replacing (million \$650 of amount 5.78%. of rate interest fixed a at years 7

.properties its of three for process refinancing a advancing is CARR ,parallel In

injection the including ,process refinancing aforementioned the of completion Upon utilized its of all repay will CARR ,company the from CARR into equity million \$50 of .loans term-short including facilities credit

holdings s'Morgan JP redeem will CARR ,above detailed actions the all executing After the ,properties free-debt three of ownership full transferring for exchange in) 35.5%( will it and 80%, approximately to increase will CARR of share percentage s'company .statements financial s'company the in time first the for consolidated be

including ,built it properties Trophy following the of ownership retain will CARR Wilson The • Center Midtown• York New 1700 and • Congress One•

-

in CARR into equity in million \$50 additional an inject to intends company The new on emphasis with expansion business s'CARR for used be will which 2025, .projects development

USA , DC WASHINGTON

/ CARR /

CENTER MIDTOWN

2025 of Quarter First - Update Business Group 27

371

2025 31, March of as Data Key

BOSTON AH

Income producing properties

USD million in / Structure Sheet Balance

Real Estate Income Producing	No of . leased assets 2		GLA 712 thousand .sqf	Occupancy rate 92%	Weighted average cap rate regerding income producing assets 8.0%
Project in development	GLA 178	thousand .sqf
Financial Debt	Leverage rate income producing 56%	assets	Weighted average debt duration income producing assets 5.6 years	Weighted debt cost income producing assets 5.4%
Financial Data	USD million		income producing assets	project in development	total
	NOI	2025 1Q	6	)1(	5
		forecast 2025	27	)4(	23
	FFO based on	2025 1Q	3	)1(	2
	management s' approach	forecast 2025	15	)13(	2

and operational on capitalizing stopped partnership the 2024, During ** / presentation the on comments general see - information looking-forward is This*

expenses financing

of Board the see ,capital partner injecting and loan new a obtaining for agreement the regarding details For* 2025 March for report' Directors

company Global

in focused operations Global with ,Poland and USA ,Israel the of area each in teams dedicated .operation

partnerships Strategic

companies leading s'world the With :entities financial and

Intergrated Vertically

commercial to development Combines of life the throughout operation engineering leading by ,project the proven with experts financial& .capabilities

as Data Key

ENERGIX

.MW470 to up of capacity a with transaction Lithuania the of completion Assuming**

2025 of Quarter First - Update Business Group

2025 for Outlook and Updates

ENERGIX

presentation the on comments general see - information looking-forward is slide this in data the All*

2025 Year For Forecast *2025 1Q

revenues 1-2025Q million 170 to amounted .NIS

in forecast Revenue 800-850 between .ILS million

EBITDA Project The million 98 to amounted .NIS

ebitda Project between forecast .ILS million 630-680

MOU an Signed project receive to to up of financing in euros million 240 .Lithuania

of Completion grid and construction a with connection in MWp70 of capacity .US the

of debt Raised billion 1 approximately with it of half (NIS .(bonds

tax of Completion for investment partner capacity a with projects .MWp70 of

capacity installed Total grow to expected is 50%, approximately by 0.4 +GW/ 2 reaching to expected ,Gwh 1.1 of revenues generate year-full a on ILS Billion .basis

a into entry - Lithuania signing and market new the for agreement an of combined a of acquisition a with project wind and pv .MW470 of capacity

storage the on Focus a as poland in sector the in driver growth .years coming

negotiations Advanced deals financing for 3 of value total a with .ILS billion

USA ,Virginia / Pamplin

/Energix

Results Operating of Development

ENERGIX

Poland ,Banie

/Energix

USA

com.hetz-alony@info 972-3-7521115 :Telephone Gan Ramat Street Jabotinsky 2 Floor th40 ,Tower Atrium-Amot / .Ltd Investments and Properties Hetz Alony .YOU THANK