Amot Investments Ltd.

Investor Presentation • Mar 11, 2020

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COMPANY INFORMATION ALL AS OF 31 DECEMBER 2019 UNLESS STATED OTHERWISE

CONTENT

AMOT INTRODUCTION

GROWTH

AMOT OFFICES

AMOT RETAIL

DEVELOPMENTS STRATEGY

AMOT FORECAST

INVESTMENT PROPERTIES

AMOT SUPERMARKETS

INDUSTRIAL AND LOGISTIC PARKS

FINANCIAL DATA

FINANCIAL STRENGTH CONCLUSION

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE, RETAIL AND LOGISTIC REAL ESTATE IN ISRAEL

convenience translation \$ 1= NIS 3.5

IN TRO DUC TION

³ AMOT INTRODUCTION

AMOT INVESTMENTS. PEOPLES FIRST.

NB

AMOT INTRODUCTION

AMOT AT A GLANCE

A subsidiary of Alony-Hetz Properties and Investments Ltd., which holds approximately 55% of its equity

74% of the Total Operating Property Value is located in greater Tel Aviv area

Total area: 1,500,000 Approximately 942,000 m2 of rental space

Total real-estate value – 3.9 billion USD

All of the Company's assets are not encumbered except for assets valued at 2% of ownership with partners

The average occupancy rate of the Company's assets is approximately 97.7%

5 projects under construction and advanced planning totaling 140,000 sqm

Net Financial Debt – 1.7 billion USD

Leverage ratio – 42%

IN TRO DUC TION

NB

A public company that is traded on the Israeli Stock Exchange and included in the indices: Tel Aviv 35, Tel-Aviv - Real Estate and Tel Div

The Company's bonds are rated A a/Stable by S&P Maalot and Aa2/Stable by Midroog

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

ONE OF THE LARGEST PUBLICLY-TRADED OWNERS, MANAGERS AND DEVELOPERS OF REAL ESTATE IN ISRAEL

INFORMATION ABOUT THE COMPANY

The Company is expected to be included in the EPRA index as of March 23, 2020

AMOT INTRODUCTION

KEY INVESTMENT HIGHLIGHTS

ONE OF THE LARGEST PUBLICLY-TRADED OWNERS, MANAGERS AND DEVELOPERS OF REAL ESTATE IN ISRAEL

IN

TRO

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TION

INFORMATION ABOUT THE COMPANY

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

NOI 1-12.19 totalled USD 208 million, an increase of 7% compared with the same period last year

NOI same property 10-12.19 an increase of 2.3% compared with the same period last year

FFO 1-12.19 totalled USD 149 million (exc. one off financing expenses), an increase of 9% compared with the same period last year

FFO per share 1-12.19 totalled 41 USD pennies per share (exc one off financing expenses) an increase of 1% compared with last year. With an increase of 8% in the number of weighted shares.

Effective leverage ratio of 42%. Decrease of 3% compared with 31.12.18.

AMOT INTRODUCTION

KEY INVESTMENT HIGHLIGHTS

ONE OF THE LARGEST PUBLICLY-TRADED OWNERS, MANAGERS AND DEVELOPERS OF REAL ESTATE IN ISRAEL

IN

TRO

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TION

INFORMATION ABOUT THE COMPANY

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

Over the course of 2019, capital and debt raising in the amount of approximately 0.5 billion USD, approximately 0.2 billion USD in capital and 0.3 billion USD in debt .

In February of 2020, debt raising at a scope of approximately 0.2 billion USD, in weighted effective interest at a rate of 1% including hedging transactions with an average duration of about 9 years .

In February of 2020, the company at its own initiative made an early repayment of a loan from a banking institution at a financial scope of 77 million USD including an early repayment commission .

Purchase of a logistic asset for a sum of 129 million USD excluding transaction costs in a total area of approximately 50 thousand sqm which will yield the company an annual NOI of approximately 6.3 million USD.

Purchase of the partners share in Kiryat Ono Mall for a sum of 154 million USD excluding transaction costs in a total area of approximately 21 thousand sqm which will yield the company an annual NOI of approximately 9 million USD.

INT'L AND LOCAL COMPANIES

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AMOT INTRODUCTION

INFORMATION ABOUT THE COMPANY

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

A VARIETY OF USES

CAPITAL MARKET PRESENTATION

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SUPERMARKETS INDUSTRIAL AND LOGISTICS

RETAIL OFFICES

ONE OF THE LARGEST PUBLICLY-TRADED OWNERS, MANAGERS AND DEVELOPERS OF REAL ESTATE IN ISRAEL

⁹ INVESTMENT PROPERTIES

NB

IN VEST MENTS

AMOT INVESTMENTS. PEOPLES FIRST.

INVESTMENT 10 PROPERTIES

INVESTMENTS PROPERTIES

SEGMENTATION OF INCOME-PRODUCING PROPERTY VALUE

INCOME-PRODUCING PROPERTY VALUE AS OF: 31/12/1 9

PROPERTY VALUE AS OF

31.12.1 9

VALUE IN USD MILLION

3,651

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

11 INVESTMENT PROPERTIES

INCOME-PRODUCING PROPERTY VALUE AS OF

31.12.1 9

VALUE IN USD MILLION

3,651

NB

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

CONTINUOUS GROWTH IN NOI – ANNUAL-IN USD MILLION

CONTINUOUS GROWTH IN NOI – QUARTERLY-IN USD MILLION

NB

%

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

GROWTH

GR

OW

CONTINUOUS GROWTH IN FFO ALONG WITH A DECREASE IN THE LEVERAGE RATIO - QUARTERLY - IN USD MILLION

NB

CONTINUOUS GROWTH IN FFO ALONG WITH A DECREASE IN THE LEVERAGE RATIO - ANNUAL - IN USD MILLION 200

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

ANNUAL AND QUARTERLY FFO

GROWTH

%

Excluding the effect of one - time financing expenses

GR

OW

CONTINUOUS GROWTH IN FFO PER SHARE ALONG WITH A DECREASE IN THE LEVERAGE RATIO- ANNUAL - IN PENNIES

CONTINUOUS GROWTH IN FFO PER SHARE ALONG WITH A DECREASE IN THE LEVERAGE RATIO- QUARTERLY - IN PENNIES

NB

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF

PER SHARE OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL FFO

GROWTH

FFO PER SHARE IN 2019 AMOUNTED TO 41.0 PENNIES, COMPARED TO 40.6 PENNIES IN THE PREVIOUS YEAR, REPRESENTING AN INCREASE OF 1%, ALONG WITH AN INCREASE OF 8% IN THE NUMBER OF WEIGHTED SHARES.

Excluding the effect of one - time financing expenses

FI NAN CIAL

FINANCIAL STRENGTH

AMOT INVESTMENTS. PEOPLES FIRST.

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

FINANCIAL STRENGTH

NB

CAPITAL MARKET PRESENTATION

FINANCIAL STRENGTH

DEBT STRUCTURE – EXPANDED CONSOLIDATED

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

FINANCIAL STRENGTH

FINANCIAL STRENGTH

THE SPREAD OF REPAYMENTS OVER THE YEARS EXCLUDES CREDIT FACILITY UTILIZATION.

EXCLUDE UTILIZATION OF A CREDIT FACILITY OF 76 MILLION USD AS OF 31.12.19 WHICH WAS REPAID IN FEBRUARY 2020

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FINANCIAL STRENGTH

FINANCIAL STRENGTH

FINANCIAL STRENGTH

NB

Cash and cash equivalents in the amount of 21 million USD

All of the Company's assets are unsecured except for assets valued at 2% which is held with partners.

Credit facilities in the amount of 229 million USD

Rating AA by Maalot and Midroog

Average duration of debt – 4.6 years

Weighted effective linked interest – 2.22%

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

AMOT'S PROPERTIES INCLUDE OFFICE BUILDINGS, INDUSTRIAL PARKS, LOGISTICS CENTERS, MALLS, SHOPPING CENTERS, SUPERMARKETS AND CENTRAL BUS STATIONS.

CIAL FINANCIAL STRENGTH

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

FINANCIAL STRENGTH

FINANCIAL STRENGTH

THE CHANGE IN THE WEIGHTED CAPITALIZATION RATE RELATIVE TO THE CHANGE IN THE COMPANY'S WEIGHTED LINKED INTEREST RATE

NB

CURRENT DEBT RAISING COST BASED ON COMPANY'S BOND MARKET PRICE (SERIES NUMBER 6), 7.6 YEARS DURATION, AS OF 8 MARCH 2020 FINANCIAL STRENGTH

AMOT OFFICES

AMOT OFFICES

The fair value as of 31/12/2019 is approximately USD 1.9 billion

The NOI from offices in 2019 is USD 112 million

63% of the value of offices located in the Tel Aviv metropolis area

The average contractual-renting duration is 3-5 years (20% of rental agreements are renewed each year)

As of December 31, 2019, the rate of occupancy in office space is 96.1%

NOI FROM OFFICES

399,749 sqm.

Income producing office buildings with an area of approximately

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

NB

AMOT OFFICES

REPRESENTATIVE ASSETS

ONE OF THE LARGEST PUBLICLY-

TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

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TOHA Tower	Europe House	Hayetzira House
Atrium Tower	Vered House	Tim House
Platinum Tower	Amot Park Afek	Pliner House
Amot Investments Tower	Verint House	Amot Communications House
Ziviel House, Ramat Hahayal	Amot Hakiriya	Moshe Aviv Tower
HP Yehud	Hame'a Tower	Amot Haifa House
Amot Law House	Merkazim 2001	Hotzvim mountain
Amot Insurance House	Dubnov 10	Amot Mevasseret Zion
Habarzel 30	Yahav House	Maccabi Netanya

Income producing office buildings with an area of approximately

NB

AMOT RETAIL

AMOT INVESTMENTS. PEOPLES FIRST.

AMOT RETAIL

AMOT RETAIL

NOI FROM OFFICES

130,723 sqm

Retail centers a with an area of approximately

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

The fair value as of 31/12/2019 is approximately 0.8 billion USD

The NOI from offices in 2019 is 42 USD million

As of December 31, 2019, the rate of occupancy in retail centers is 97.4%

AMOT RETAIL

AMOT RETAIL

REPRESENTATIVE ASSETS

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

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Arim Mall, Kfar Saba	Merkazit Mall, Jerusalem	Neve Ze'ev, Beer Sheva
Kiryat Ono Mall	Hutzot Alonim Mall	124 Mall, Iben Gvirol, Tel Aviv
Orot Mall, Or Akiva	Center Hagalil, Rosh Pina	Merkaz h'kirya Ashdod
Brodetzky, Ramat Aviv	Amot Max, Beer Sheva	My Center, Carmiel

Bat Hadar, Ashkelon

Retail centers a with an area of approximately

NB

AMOT SUPERMARKETS

AMOT INVESTMENTS. PEOPLES FIRST.

REPRESENTATIVE ASSETS

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

CES 28 38,889 sqm

Supermarkets with an area of approximately

Mega – Anbar Holon	Supermarket – Arad	Shufersal – Motzkin
Mega – Ashdod	Mega – Hafetz Haim	Shufersal – Hayarden
Mega – Bavli	Mega – Ramat Efal	Shufersal – Or Yehuda
Shufersal – Givatayim Weizman	Mega – Raanana	Shufersal – Kiryat Shprinzak
Mega – Gilat Beer Sheva	Victory – Hyper Ashkelon	Supermarket – Beit Shemesh
Mega – Dimona	Victory – Raanana	Co-op – Hapalmach
Shufersal – South Givatayim	Rami Levy – Ezdirect	Co-op – Kiryat Yam
Mega – Hadar Weizman	Shufersal – Kfar Saba	Co-op – Kiryat Menachem
Mega – Lev HaIr Herzliya	Shufersal – Nazareth Illit	Levkowitz – Givat Hamoreh
Mega –Erel Tower	Shufersal – Carmiel	Super Sapir – Tzfat
Mega – Nahum Tower	Shufersal – Yizraelia
Mega – Ne'ot Rachel	Super-Sapir – Akko
Mega – Neve Amirim	Shufersal – Kiryat Eliezer

AMOT SUPER MARKETS

AMOT SUPERMARKETS

NB

-

-

-

-

-

CAPITAL MARKET PRESENTATION

NB

IN DUS TRIAL

INDUSTRIAL AND LOGISTIC PARKS

AMOT INVESTMENTS. PEOPLES FIRST.

INDUSTRIAL & LOGISTIC PARKS

IN

DUS

TRIAL

INDUSTRIAL AND LOGISTIC PARKS

AMOT INDUSTRIAL AND LOGISTIC PARKS

NOI FROM INDUSTRIAL AND LOGISTIC PARKS

348,786

Industrial and logistic parks with an area of approximately:

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

The fair value as of 31/12/2019 is approximately 0.7 billion USD

The NOI from offices in 2019 is 36 million USD

The scope of new logistics centers purchased during 2019 and 2018 is approximately 129 and 121 million USD respectively

As of December 31, 2019, the rate of occupancy is 99.3%

CAPITAL MARKET PRESENTATION

NB

INDUSTRIAL AND LOGISTIC PARKS

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

REPRESENTATIVE ASSETS

Poleg Park	Rehovot Park	Frenkel Caesarea
Si'im Park	Tech Park Yavne	Amot Ma'alot
Amot Hamada	Best Carton	The Amot Modi'in complex
Amot Park Tech	Cargal	Teva S.L.A Logistics Center
Amot Ariel	Amot Modi'in

Industrial and logistic parks with an area of approximately:

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INDUSTRIAL & LOGISTIC PARKS

DEVELOPMENTS STRATEGY

AMOT INVESTMENTS. PEOPLES FIRST.

DEVELOPMENT STRATEGY / POLICY

AMOT LOW DEVELOPMENT RISK

DEVELOPMENTS STRATEGY

INVESTMENT IN PROJECTS UNDER CONSTRUCTION (LAND + BUILDING) UP TO 15% OF THE TOTAL PROPERTY VALUE.

Investment in projects under construction (land + building) up to 15% of the total property value.

Construction outside of the Gush Dan region is backed by an anchor tenant.

Maintaining the Company's existing leverage rates.

CAPITAL MARKET PRESENTATION

NB

CONCENTRATION OF DATA ON PROJECTS UNDER CONSTRUCTION

AMOT DEVELOP MENTS

CONCENTRATION OF DATA ON PROJECTS UNDER CONSTRUCTION AS OF DECEMBER 31,2019

MENT

DEVELOPMENTS STRATEGY

NB

	Amot Holon	Amot modi'in	Mitham ha'lehi	Mitham 1000	Total	Parking Lot ToHa2
Location	Holon	Modi'in	Bnei Brak	Rishon lezion		Tel Aviv
Use	Offices	Logistics	Offices	Offices		Parking lot
Company's Share %	77.8%	75%	50%	100%
GLA	56,000	52,000	75,000	19,000	202,000
Estimated Completion Date	2021	2020	2024	2023
Book Value 31.12.19 Company's Share -USD Million	57	32	5	10	104	5
Estimated Construction Cost, Including Land and Parking Cellars Company's Share -USD Million	147	86	157	74	464	43
Estimated Completion Cost 31.12.19 Company's Share - USD Million	90	54	152	64	360	38
Estimated NOI Company's Share -USD Million	12	7	14	6	39
DE VELOP

AS OF DECEMBER 31, 2019

DE VELOP MENT

DEVELOPMENTS STRATEGY

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	ToHa2	Platinum Phase B (2)	Land in Kfar Saba raanana north	Total
Location	Tel Aviv	Petah Tikva	Kfar Saba
Use	Offices	Offices	Offices
AMOT'S OWNERSHIP %	50%	100%	50%
GLA 100%	140,000	27,000	35,000	202,000
Estimated Completion Date	TBD	TBD	TBD
GLA Company's Share	70,000	27,000	17,500	114,500	CONCENTRATION OF DATA ON PROJECTS UNDER CONSTRUCTION AMOT
Estimated Construction Cost Company's Share USD Million (1)	286	63	49	398	DEVELOP MENTS

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MAIN USE OFFICES

GLA (100%) 140,000 SQM

AMOT'S SHARE 50%

ESTIMATED CONSTRUCTION COST: AMOT'S SHARE

USD 286 M

TOHA 2 – PHASE TWO OF THE EXISTING TOHA PROJECT

A SIGNATURE SKYSCRAPER IN THE CENTRE OF TEL AVIV

ACCORDING TO T"A\5000, THE LOCAL COMMITTEE APPROVED FOR DEPOSIT UNDER CONDITIONS, BUILDING RIGHTS FOR THE CONSTRUCTION OF ANOTHER OFFICE TOWER

ADDITIONAL RIGHTS:

DEVELOPMENTS STRATEGY

NB

The estimated cost including land and parking cellars. excluding capitalizations and tenant improvements

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

TOHA 2 TOWER

TOHA 2 – PHASE TWO OF THE EXISTING TOHA PROJECT

A SIGNATURE SKYSCRAPER IN THE CENTRE OF TEL AVIV

DEVELOPMENTS STRATEGY

MAIN USE OFFICES GLA 56,000 SQM AMOT'S SHARE 78% EXPECTED COMPLETION 2021 ESTIMATED CONSTRUCTION COST: USD 147 M AMOT'S SHARE

PROJECTS UNDER CONSTRUCTION AND STATUS OF BUILDING RIGHTS

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

DEVELOPMENTS STRATEGY

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

HOLON TOWER

DEVELOPMENTS STRATEGY

NB

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

HOLON TOWER

DEVELOPMENTS STRATEGY

NB

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MODI'IN LOGISTICS

MAIN USE	LOGISTICS
GLA	52,000 SQM
AMOT'S SHARE	75%
EXPECTED COMPLETION	2020
ESTIMATED CONSTRUCTION COST: AMOT'S SHARE	USD 86 M

DE

VELOP

MENT

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MODI'IN LOGISTICS

DEVELOPMENTS STRATEGY

NB

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MODI'IN LOGISTICS

DEVELOPMENTS STRATEGY

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MITHAM HA'LEHI

DEVELOPMENTS STRATEGY

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MITHAM HA'LEHI

DEVELOPMENTS STRATEGY

NB

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

MITHAM HA'LEHI

DEVELOPMENTS STRATEGY

ESTIMATED CONSTRUCTION COST:

USD 74 M

AMOT'S SHARE

PROJECTS UNDER CONSTRUCTION AND STATUS OF BUILDING RIGHTS

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

1000

DEVELOPMENTS STRATEGY

PREEMINENT DEVELOPER WITH ROBUST PIPELINE

DEVELOPMENTS STRATEGY

MITHAM 1000

FO

RE

CAST

AMOT FORECAST

AMOT INVESTMENTS. PEOPLES FIRST.

FORECAST

AMOT FORECAST

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FORECAST 2020

	2020	2019	2019
	Forecast In USD million	Actual (**) In USD million	Updated Forecast In USD million
Noi	226-230	208	204-206
FFO	164-169	149	146-148
FFO PER SHARE (PENNIES) (*)	43-44	41	40-44

(*) Following the issuance of 7.3 million shares and the exercise of 21.7 million Series 9 options,, the number of shares increased by 8.3%. As a result of the increase in the number of shares as aforesaid, the FFO per share was diluted at a rate of app. 3.3% in 2019 (1.4 pennies per share); the leverage rate decreased to app. 42%.

(**) The data presented above is neutralized an early repayment commission, net.

Set forth below is the Company's projection as to its principal operating results in 2020, based on the following work assumptions:

• Annual change in consumer price index 1%.
• The forecast does not address potential implication of the Corona virus on the group business operation

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CIAL

CAPITAL MARKET PRESENTATION

NB

FINANCIAL DATA

AMOT INVESTMENTS. PEOPLES FIRST.

DATA

	31.12.19 USD million	31.12.18
Cash and cash equivalents	21	88
Income-producing property and under construction	3,848	3,176
Financial liabilities	1,679	1,555
Deferred taxes	374	289
Total equity	1,744	1,382
EPRA NAV	2,118	1,671

FINANCIAL DATA

AMOT BALANCE SHEET DATA – EXPANDED CONSOLIDATED

NB

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

FINANCIAL DATA

AMOT SUMMARY OF PROFIT OR LOSS – EXPANDED CONSOLIDATED

	Change %	2019 USD million	2018 USD million
NOI	7%	208	194
Change in the value of investment properties		255	77
General and administrative expenses		(14)	(14)
Financing – real interest	(4%)	(37)	(39)
Financing – linkage and exchange rate differentials		(5)	(11)
One-off financing expenses - repayment fee		(7)	-
Taxes		(92)	(44)
Net income	89%	306	162
FFO Excluding the effect of one - time financing expenses	9%	149	136

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FI

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CIAL

FINANCIAL DATA

AMOT SUMMARY OF PROFIT OR LOSS – EXPANDED CONSOLIDATED

USD thousands

NOI	10-12.19	7-9.19	4-6.19	1-3.19	10-12.18	Change

NOI	54,738	52,203	50,876	50,054	48,796	12.2%
New assets	4,895	2,541	1,799	781	94
Same property NOI	49,843	49,662	49,077	49,273	48,702	2.3%

sold / sorted to real estate under construction	12,770	1,584
NOI	207,871	193,851	7.2%

NB

NOI SAME PROPERTY	2019	2018	% Change
	USD thousands
Same property NOI	195,101	192,267	1.5%

FINANCIAL DATA

AMOT SUMMARY OF PROFIT OR LOSS – EXPANDED CONSOLIDATED

NB

FI

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CIAL

AMOT SUMMARY OF PROFIT OR LOSS – EXPANDED CONSOLIDATED

expenses
	USD thousands
FFO

CON CLU SION

CONCLUSION

AMOT INVESTMENTS. PEOPLES FIRST.

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

HEALTHY FFO AND DIVIDEND

PER SHARE GROWTH

SUMMARY

ROBUST FFO PER SHARE GROWTH OVER TIME HAS

SUPPORTED A RAPIDLY INCREASING DIVIDEND (USD)

CAPITAL MARKET PRESENTATION

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NOT INCLUDING DISTRIBUTION OF SPECIAL DIVIDENDS

SUPERIOR FINANCIAL RETURNS

AMOT FORECAST

60 EXTRA DIVIDEND PER SHARE

SUMMARY

DIVIDEND DISTRIBUTION OVER THE YEARS (IN MILLION USD)

Accumulated amount distributed since 2006 :

0.9BILLION USD

OUR STRENGTHS

• 104 income producing properties
• A variety of uses
• Strong tenant mix and wide geographic distribution, managed in a responsible manner
• Managerial ability and the ability to improve assets
• Financial strength and availability for large-scale acquisition transactions
• Effective leverage ratio of 42%
• Financial flexibility and high accessibility to the capital market
• High financial strength (rated AA by Maalot and Midroog)
• All of the Company's assets are unsecured except for assets valued at 2% held with partners
• Credit facilities in the amount of USD 229 million
• The Company has a future potential for additional savings in financing expenses from a recycling of debts at a significantly lower interest rate than the average rate paid currently for debts
• High occupancy over time 97.7% as of 31.12.19
• Promoting projects with reference to the potential for improvement
• A dividend policy that is stable and known in advance

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DISCLAIMER

The presentation does not constitute an offer or an invitation to purchase the Company's securities, and its contents do not constitute a recommendation or opinion or a substitute for the investor's discretion.

This presentation includes forecasts, valuations, estimates, and other information relating to future events and/or matters, the realization of which is not certain and is not under the Company's control, and is forward-looking information, as defined in the Securities Law, 1968. Such information may not be realized, in whole or in part, or may be realized in a manner significantly different than expected. Such information includes, inter alia, income forecasts, FFO and NOI, and timetables.

Forward-looking information is based solely on the subjective evaluation of the Company, based on facts and data regarding the current state of the Company's business and macroeconomic facts and data, all as known to the Company at the time of preparing this presentation. The realization or non-realization of the forward-looking information will be affected, inter alia, by factors that cannot be assessed in advance and which are not under the Company's control. The Company does not undertake to update and/or change any such forecast and/or assessment in order to reflect events and/or circumstances that may occur after the date of preparation of this presentation.

NB

SION AMOT DISCLAIMER

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE AND INDUSTRIAL REAL ESTATE IN ISRAEL

DISCLAIMER

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE, RETAIL AND LOGISTIC REAL ESTATE IN ISRAEL

CONTACT DETAILS

AMOT INVESTMENTS LTD

AMOT ATRIUM TOWER 2 JABOTINSKY STREET, RAMAT GAN ISRAEL 5250501

P +972 3 5760505

F +972 3 5760506

WWW.AMOT.CO.IL

ONE OF THE LARGEST PUBLICLY-TRADED, DEVELOPERS, OWNERS AND MANAGERS OF OFFICE, RETAIL AND LOGISTIC REAL ESTATE IN ISRAEL

THANK YOU