Alony Hetz

Investor Presentation • Aug 19, 2025

2025 OF HALF FIRST - UPDATE BUSINESS GROUP

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

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

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

HETZ ALONY Strategy Business

USA ,Boston / CONGRESS ONE / CARR

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

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 June 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 509 totaling equivalents cash and cash Excluding*

Portfolio Investment HETZ ALONY

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

.date publication presentation the till 2025 January from received were ILS million 256

in facilities credit has Company The which ,million 510 NIS of amount the s'presentation the of as unutilized are .date publication

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

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 / presentation of date Publication of As dates maturity Debt

to According NAV adjusted (10 slide see(

33.0

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

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

Equity HETZ ALONY

30.06.2025 Dividend 1.1.2025 Paid the for Profit period of Effect rate exchange & fluctuations other* 5,414 5,388 )124( )103( ²⁰¹

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 August is) rates exchange and prices market stock including (NAV adjusted of calculation for update of Date*

	Data from financial statements of as June 2025	Investments from July until presentation publication	Adjustment to stock value as date of of update , including exchange rate adjustments
	4,713	150	1,044
	1,042	-	2,616
	3,163	-	)23(
	1,274	335	94
	283	57	5
Other investments mainly( in Brockton (Funds	215	-	(1)
GAV	10,690	542	3,735
Net financial debt **	) 5,284 (	) (542	(41)
NAV ***	5,406		3,694
NAV per share ***	25.1
Leverage	48.5%

2025 30, June of as Data Key

AMOT	Key Data as of	June 30, 2025
Real Estate Income Producing	No of . leased properties 113	GLA 1.9 million .sqm million 1.2 sqm above ground space		Occupancy rate 93.2%	Weighted average cap rate 6.4%	17.7
Real Estate Under construction	No of . projects 4	GLA 183 thousand Amot share s'	.sqm	Total construction 3.2 ILS billion Amot share s'	costs
Financial Debt	Leverage rate 45%	weighted average debt duration 5.0 years		Net financial debt 2.0%	Credit Rating /AA Stable Maalot 2/Aa Stable Midroog
Financial Data	NOI 527 ILS 2025 1H 1,060 2025 middle of rang forecast	million ILS million	FFO based 406 2025 1H 820 2025 middle of rang forecast	on management ILS million ILS million	s' approach	Income producing properties

properties of breakdown Geographic

Central region 75%

* properties producing-income of value in Breakdown

34% Metropolitan Aviv Tel

data AdditionalAMOT

Israel ,Aviv Tel / I ToHa / AMOT

2024

range Middle 2025 *forecast of

2022

data financial Additional

AMOT

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

2025 1H

2024 1H

2023

.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 ProjectsAMOT

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

GBP million in / Structure Sheet Balance

2025 30, June of as Data Key EVERLAST BROCKTON

EVERLAST BROCKTON Information Additional

regions geographic by Breakdown use and properties of value to according

GBP million 55

Forecasted *NOI representative

GBP million 150

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

2025-2029

*period Construction

GLA Future .sqft thousand 453

GBP million 550 for balance Remaining *investment

GLA Current .sqft thousand 126

EVERLAST BROCKTON

• Fenway The) London Paddington (House Waterside

.sqft thousand 413

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

*GLA Future

.sqft thousand 224 GLA Current

.sqft thousand 720 *GLA Future

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

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

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

building entire the Leasing headquarters its as use for

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

USA , DC WASHINGTON

/ CARR /

CENTER MIDTOWN

in transaction redemption share JPM the complete to taken Actions

of as value book at million \$120 of amount the for assets two of Sale•

Congress One for agreement loan M\$650 new a on Signing• a at years 7 of period a for ,)loan construction M\$570 the replacing( 5.8%. of rate interest fixed

\$278 of amount the in assets three for financing mortgage Completed• .annum per 6.9% of rate interest an at years 3 of period a for million

- 2024. December

-

• .clear and free ,JPM to
• loans term-short

.million \$100 of amount the in Hetz Alony by injection Equity•

million \$241 at valued assets Carr three of ownership full of Transfer•

all of repayment and facility credit utilized the of repayment Full•

Carr in share s'Hetz Alony ,transaction the of completion Upon• .million \$502 to amounts value equity IFRS the and 79% to increased

realize to company the enable will transaction the of completion The and office the in expansion its enable and potential growth s'Carr of framework a within possibly ,sectors development residential .States United the in investors institutional leading with partnering

Redemption JPM post PortfolioCARR

Development Residential

VA ,Alexandria / Montgomery 425

VA ,Arlington / .Blvd Wilson 3033

2025 of Half First - Update Business Group 24

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 242 thousand .sqf	No of . units 316	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 130 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

2025 of Half First - Update Business Group 28

2025 30, June of as Data Key

BOSTON AH

and operational on capitalizing stopped partnership the 2024, During ** / presentation the on comments general see - information looking-forward is This* .date publication of As * expenses financing

29

Income producing properties

company Global

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

reach to needed equity the all invested Energix

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

2025 th30 June of as Data Key

ENERGIX

grid the to connected capacity Forecasted

.date reporting the after grid the to connected were that MWp70 of capacity a with projects Including*

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

2025 of Half First - Update Business Group

ENERGIX

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

2025 2Q

USA ,Virginia / Pamplin / Energix financing a Signing MUFG with agreement million \$491 to up for Bank of establishment the for total a with portfolio 5E the approximately of capacity equity Expected .MWp270 3%. of ratio

and construction of Completion MWp108 of grid the to connection States United the in capacity of .Poland and

grid new Receiving a with approvals connection .Poland in GW1 of capacity

in law OBBB the of approval The expected not is States United the for plan business impact to total a with projects developing GW5 approximately of capacity 2030. by

to amounted revenues 2-2025Q EBITDA Project and NIS million 196 NIS million 124 to amounted

planning a Received farm wind a for consent Lithuania in

2025 Year For Forecast*

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

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

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