Investor Presentation • Nov 12, 2024
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Q3/2024


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.
Capital Market Presentation Q3/2024


This is an English translation of a Hebrew report of the company, that was published on 12 November , 2024 (reference No. 2024-01-615179) at the ISA reporting website (magna.isa.gov.il) (hereafter: "The Hebrew Version"). The English version is only for convenience purposes. This is not an official translation and has no binding force. The translation in any case cannot perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.


Upper Rental Area

Rental fees per year (shell and core)

Anticipated commencement
The date above is 100% (Company's Share 50%) The visualization is for illustration only


The renter
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.


3 NOVEMBER 2024 Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate for over 60 years.
112 PROPERTIES
Owned by the company
Amot Investments Ltd. is one of the leading public companies
NOI forecast for 2024 (in NIS)

6 projects under construction in the scope of 201 Thousand sqm in total cost of 3.4 billion NIS (company's share)


1.85 MILLION SQM
Approximately 1.15 million sqm rental space
Excluding properties that were occupied for the first time 95.9%
20.3 BILLION
Total real-estate value (in NIS)
1,750 RENTERS
in Israel in the field The yielding real estate. STRONG TOGETHER. 1. The representative NOI is based on the company's current valuation. Actual results may vary significantly. The representative NOI does not include projects in planning, development and licensing, does not include future changes as a result of index differences and contract renewals, and does not take into account future evictions and/or asset realization.
NOI represents after occupation of vacant areas and at the end of occupation of projects under construction (1)
75%
Assets value in greater Tel Aviv
Weighted cost of debt
AMOT INVESTMENTS FROM ALONY HETZ GROUP ABOUT AMOT

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
98%
Of the Company's assets are unsecured
9.1 BILLION
Net financial debt (in NIS)
44%
Leverage ratio

Equity (in NIS)

The Company's bonds rating
4.8 YEARS
Average debt duration
A subsidiary of Alony-Hetz Properties and Investments Ltd., which holds approximately 51% of its equity.

Quarterly dividend distribution policy, high dividend yield over time

A public company that is traded on the Israeli Stock Exchange and included in the indices: Tel Aviv 35, Tel-Aviv - Real Estate, Tel Div and EPRA.
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
351 New contracts
119CONTRACTS
IN RETAIL No change in rent per sqm
RETAIL
39CONTRACTS
IN LOGISTICS AND INDUSTRIAL 9% increase in rent per sqm

6CONTRACTS


Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP ABOUT AMOT


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.


8 NOVEMBER 2024 Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
17,163
Total Investments Properties Value in Million NIS


| LOGISTICS & INDUSTRY |
RETAIL | SUPERMARKETS |
|---|---|---|
| 29% | 17% | 5% |
| 4.9 BILLION (NIS) |
2.8 BILLION (NIS) |
0.8 BILLION (NIS) |


INVESTMENT PROPERTIES
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
17,163
Total Investments Properties Value in Million NIS
25% 40%
5.9 BILLION (NIS)
35% 35% TEL AVIV METROPOLIS
6.9 BILLION (NIS)
40% GUSH DAN VICINITY
4.4 BILLION (NIS)



25% OTHER AREAS
75%


11 NOVEMBER 2024 Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.
| 1-9.24 ACTUAL |
FY 2024 UPDATED FORECAST |
FY 2024 ORIGINAL FORECAST |
FY 2023 ACTUAL |
|
|---|---|---|---|---|
| NOI (Million MIS) | 778 | 1,020-1,040 | 1,000-1,040 | 1,004 |
| Real FFO (Million MIS) | 616 | 800-820 | 775-805 | 803 |
| FFO Per Share (Agorot) | 130.8 | 170-174 | 165-171 | 170.7 |
Set forth below is the Company's projection as to its principal operating results in 2024, based on the following work assumptions:
Consumer price index - Increase in CPI by 3.5%.
The rental agreements are signed and Company's management expectations as to renewal of current rental agreements in 2024.
According to the company's strategy, 2024 NOI includes the realization of investment properties in the annual scope of 2%-3% out of the value of the investment properties assets of the company, as part of the process of refining the asset portfolio through the sale of non-core assets.
No substantial changes will take place in the security situation in Israel and in the business environment that the Company operates in. See the business environment chapter in the company's directorate report

The information regarding the projection for 2024 constitutes forward-looking information, as defined in Section 32a of the Securities Law, 1968. Forward-looking information is a projection, assessment, estimate or other information relating to a future event or matter the materialization of which is uncertain and not controlled solely by the Company.


The Company estimates that it will end the year in the higher end of the forecast.

13 NOVEMBER 2024
Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
2020 and 2021 figures include effects due to covid-19 relief which have been given to tenants, mainly in the shopping centers.
The forecast for 2024 is according to the middle of the forecast rang, see page 12
1-9.23 1-9.24



Represent NOI after occupying vacant spaces and occupying projects under construction (1)

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
Regarding FFO according to the approach of the Securities Authority, see page 39 below.
The forecast for 2024 is according to the middle of the forecast rang, see page 12
2020 and 2021 figures include effects due to covid-19 relief which have been given to tenants, mainly in the shopping centers.




Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
The forecast for 2024 is according to the middle of the forecast rang, see page 12
The increase in FFO per share is incidentally the increase in the number of shares in the company
2020 and 2021 figures include effects due to covid-19 relief which have been given to tenants, mainly in the shopping centers.


Regarding FFO according to the approach of the Securities Authority, see page 39 below.



17 NOVEMBER 2024
Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
Amount of cash and cash equivalents as of the report publication date.
Raising bonds during the period, at CPI-linked weighted effective interest of 3.3% and overage life duration of 8.2 years.

Unused Credit facilities
4.8 YEARS
Average duration of debt.

1.80%
Effective interest rate linked

The Company's bonds rating


98%
Of the Company's assets are unsecured
Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.


Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.



Capital Market Presentation Q3/2024 ALONY HETZ GROUP



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.


The strategic initiation and development plans of Amot Investments properties are one of the main engines for the Company's continued growth and leadership in the cash-generating real estate market.
The betterment of the Company's properties portfolios and the creation of innovative employment compounds that will allow an advanced work environment that meets the needs of the companies of tomorrow:
The projects are planned carefully in accordance with the Company's strategy, with the aim of maximizing profitability and preserving long-term occupancy levels and positioning the Company's assets as higher quality in the long term.


Architectural quality, utilization of engineering advantages
Transportation accessibility near existing and planned mass transit centers
Unique locations and an emphasis on the Tel Aviv business center
Optimal utilization of land uses for the implementation of the Company's strategy
Construction in accordance with LEED standards for maximum protection of user health and the environment
Quality positioning
Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
| Property Name | LOCATION | PRIMARY USE | ESTIMATED COMPLETION DATE |
SQUARE METER FOR MARKETING ABOVE GROUND 100% |
HOLDING RATE |
SQUARE METER FOR MARKETING ABOVE GROUND |
CUMULATIVE COST AS AT SEPTEMBER 30, |
PROJECT'S BOOK VALUE |
ESTIMATED CONSTRUCTION COST )INCLUDING LAND AND PARKING SPACES( |
EXPECTED NOI |
EXPECTED YIELD |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 Company's share in million of NIS |
|||||||||||
| Amot Modi'in | Modi'in | Offices | 2024 | 9,000 | 75% | 6,750 | 56 | 56 | 70-80 | 5 | 6.7% |
| Halehi complex (1) | Bnei Brak | Offices | 2025 | 100,000 | 50% | 50,000 | 576 | 576 | 750-780 | 57-61 | 7.7% |
| K complex Jerusalem | Jerusalem | Offices | 2028 | 93,000 | 50% | 46,500 | 149 | 149 | 700-740 | 49-53 | 7.1% |
| Logistic center Beit Shemesh - Lower Logistics Center |
Beit Shemesh | Logistics | 2024 | 25,400 | 60% | 15,240 | 100 | 100 | 108-110 | 8 | 7.3% |
| Park Afek | Rosh HaAyin | Offices | 2024 | 8,400 | 50% | 4,200 | 23 | 23 | 35-45 | 3 | 7.5% |
| ToHa2 | Tel Aviv | Offices | 2026 | 156,000 | 50% | 78,000 | 646 | 1,030 | 1,600-1,700 | 150-165 | 9.5% |
| Total | 391,800 | 200,690 | 1,550 | 1,934 | 3,263-3,455 | 272-295 | 8.4% |

AMOT DEVELOPMENTS
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.


Representative NOI after occupancy of projects under construction


Annual NOI based on quarter 3 2024
Representative NOI after occupying vacant areas and occupying new areas

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
| City | Main Use |
|---|---|
| TEL AVIV | OFFICES |
| GLA - 100% | Amot's Share |
| 156,000 SQM |
50% |
| Construction Cost | Expected Completion |
| 1,650 MILLION (NIS) COMPANY'S SHARE |
2026 |
| Expected yield | Expected NOI |
| 9.5% | 160 MILLION (NIS) COMPANY'S SHARE |



Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.





Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.

| City | |
|---|---|
| BNEY BRAK |
GLA - 100% 100,000 SQM
Construction Cost 765 MILLION (NIS) COMPANY'S SHARE
Expected yield
7.7%
Main Use OFFICES
Amot's Share
50%
Expected Completion 2024 2025 RETAIL OFFICES
Expected NOI
59 MILLION (NIS) COMPANY'S SHARE



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
LOWER LOGISTICS CENTER

City BEIT SHEMESH
GLA - 100% 25,400 SQM
Construction Cost 109 MILLION (NIS) COMPANY'S SHARE
Expected yield
7.3%
Main Use LOGISTICS
Amot's Share
60%
Expected Completion 2024
Expected NOI
8 MILLION (NIS) COMPANY'S SHARE



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
| K COMPLEX | City | Main Use | |
|---|---|---|---|
| JERUSALEM | JERUSALEM | OFFICES | |
| GLA - 100% | Amot's Share | ||
| 93,000 SQM |
50% | ||
| Construction Cost | Expected Completion | ||
| 720 MILLION (NIS) COMPANY'S SHARE |
2028 | ||
| Expected yield | Expected NOI | ||
| 7.1% | 51 MILLION (NIS) COMPANY'S SHARE |

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.

| PROJECT | LOCATION | MAIN USE | ADDITIONAL SQUARE METER FOR MARKETING ABOVE-GROUND (100%) |
AMOT'S SHARE | ADDITIONAL SQUARE METER FOR MARKETING -COMPANY'S SHARE |
|---|---|---|---|---|---|
| Toha 3 + Toha 4 buildings | Tel Aviv | Offices | 200,000 | 50% | 100,000 |
| Tzrifin | Tzrifin - Sdot Dan | Logistics | 80,000 | 100% | 80,000 |
| Amot Mishapt (Town Construction plan in | Tel Aviv | Offices | 44,000 | 73% | 32,120 |
| effect) Hasolelim |
Tel Aviv | Offices | 80,000 | 100% | 80,000 |
| Amot BDO | Tel Aviv | Offices | 70,000 | 86% | 60,200 |
| Migdal HaMe'a - Ibn Gvirol | Tel Aviv | Offices | 60,000 | 46% | 27,600 |
| Lot 300 (Town Construction plan in effect) | Tel Aviv | Living | 94 Residential units | 50% | 47 Residential units |
| Amot Europe | Tel Aviv | Offices | 32,000 | 100% | 32,000 |
| Total | 411,920 |

Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.





Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.

GLA - 100% 274,000 SQM Main Use
LOGISTICS
Amot's Share
100%
SQM for marketing - Complex A
80,000 SQM
This information is subject to the completion of additional building rights in the project



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
City TEL AVIV
Lot area 5,103 SQM
Status APPROVED TOWN PLAN
Main Use OFFICES
Amot's Share
73%
Existing tower area – preservation (100%)
12,000 SQM

Above-ground area for marketing (100%)
44,000 SQM
This information is subject to the completion of additional building rights in the project
Capital Market Presentation


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.


35

Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.

Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP FINANCIAL DATA



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
| 30.09.2024 MILLION NIS |
31.12.2023 MILLION NIS |
|
|---|---|---|
| Cash and cash equivalents and short term deposits | 394 | 534 |
| Investment property and investment property under construction |
20,331 | 19,488 |
| Financial liabilities | 9,470 | 9,251 |
| Deferred taxes | 1,875 | 1,812 |
| Total equity | 9,036 | 8,838 |
| EPRA NRV | 10,911 | 10,650 |

Q3/2024 AMOT INVESTMENTS FROM ALONY HETZ GROUP FINANCIAL DATA



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
EXPANDED CONSOLIDATED - IN MILLIONS NIS
| % CHANGE | 1-9.2024 | 1-9.2023 | |
|---|---|---|---|
| NOI | 3% | 778 | 755 |
| Adjustment of the fair value- investment property and capital gain from realization |
452 | 144 | |
| Transaction cost reduction due to properties purchase | (19) | (1) | |
| General and administrative expenses and donation | (52) | (51) | |
| Financing – real interest | (95) | (88) | |
| Financing – linkage differences | (297) | (264) | |
| Taxes | (100) | (45) | |
| Net income | 48% | 666 | 449 |
| FFO - According to the SEC | (6%) | 319 | 341 |
| FFO - Management's approach | 2% | 616 | 605 |


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
| NOI | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | % CHANGE Q3-24 VS Q3-23 |
|---|---|---|---|---|---|---|
| NIS thousands | ||||||
| Same property NOI | 261,119 | 255,476 | 254,332 | 247,198 | 252,876 | 3.4% |
| Properties acquired / Sorted from investment property under construction |
2,933 | 2,960 | 627 | - | - | |
| Properties realized | 4 | 71 | 157 | 2,478 | 2,541 | |
| NOI | 264,056 | 258,507 | 255,116 | 249,676 | 255,417 | 3.5% |



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
| FFO | 1-9.2024 | 1-9.2023 | % CHANGE Q3.24 VS Q3.23 |
|---|---|---|---|
| NIS thousands | |||
| FFO according to the Israel Securities Authority | 319,290 | 340,645 | (6%) |
| FFO (According to the management's approach) | 616,393 | 604,784 | 2% |
| Weighted number of shares | 471,236 | 469,992 | - |
| FFO per share (agorot) (According to the management's approach) | 130.8 | 128.7 | 2% |
| Increase in CPI | 3.5% | 3.3% |


Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.



Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.




Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.

Dividend - regular
Dividend - additional

Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
44%
Effective leverage ratio.
income producing properties with a variety of uses and high occupancy at 93.2%. Excluding properties that were occupied for the first time at 95.9%.
Unutilized credit facilities.

Managerial ability and the ability to improve assets.
A dividend policy that is stable and known in advance.
Strong tenant mix and wide geographic distribution, managed in a responsible manner.
High financial strength (rated AA by Maalot and Midroog).
| Financial strength and availability for large-scale acquisition transactions. |
|
|---|---|
| Financial flexibility and high accessibility to the capital market. |
|
| All of the Company's assets are unsecured except for assets valued at 2% of ownership. |
|
| Promoting projects with reference to the potential for improvement. |





Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate. STRONG TOGETHER.
significantly different than expected. Such information includes, inter alia, income forecasts, FFO and NOI, and timetables.


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 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.
45 NOVEMBER 2024
Capital Market Presentation Q3/2024 ALONY HETZ GROUP


Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.



Amot Atrium Tower, 2 Jabotinsky Street, Ramat Gan, 5250501 PHONE +972 3 5760505; FAX +972 3 5760506 WWW.AMOT.CO.IL

Q3/2024
Amot Investments Ltd. is one of the leading public companies in Israel in the field The yielding real estate.
NOVEMBER 2024 Capital Market Presentation Q3/2024



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