Ludan Engineering Co Ltd.

Investor Presentation • Mar 15, 2022

Company presentation March 2022

Limitation of liability and forecast information

This presentation does not constitute an offer to purchase the company's securities or an invitation to receive such offers.

This presentation includes forecasts, assessments, estimates and other information relating to future events or matters, the realization of which is uncertain and not solely under the Company's control, is a forward-looking information as defined in the Securities Law, 1968.

The information foresees the future included in this presentation, and in particular with regard to the company's growth engines, is based on the company's assessments of the development of the markets in which the company operates, is based on facts and data regarding the current state of the company's business. And all as is known at the time of presentation of this presentation.

Naturally, the realization or non-realization of the forecasts, assessments and estimates included in the forward-looking information will be affected, inter alia, by the risk factors that characterize the company's operations, as well as external factors and developments in the general environment that affect company operations, such as regulatory changes. Volatility in the capital market that will affect the financing and raising capital capabilities required by the Company for the purpose of making its investments in growth engines, statutory delays as well as other circumstances and / or events that cannot be assessed in advance and are not under the Company's control.

Therefore, the results of the Company's activities and future achievements may be materially different from those assessed and / or presented in this presentation.

The Company does not undertake to update and / or change any such forecast and / or assessment in order to reflect events that will occur after the date of presentation of this presentation.

2021 Highlights

• The last two years have been the most dramatic and unexpected period, worldwide and for Ludan in particular.
• In this unstable environment, we had to react fast to match the new developing situation.
• The following steps have been taken: Reduction of sales costs related to income decrease. Overhead reduction.
• Flexibility in load sharing between several locations. • Ludan advantage in "normal" period and specifically in such challenging periods is its sectorial capabilities
• and different geographical location.
• As expected and informed, the Israeli market had an early recovery during end of 2020 and European market end of 2021.

Group Profile

A public company since 1997

Listed on the Tel Aviv Stock Exchange

Active in the Benelux, Israel and Romania for dozens of years

Israel's leading engineering company in 2020 & in 2021 (according to D&B)

Active in 3 Fields

Engineering

Environmental Technologies (Part of Eng. Sector)

TECH Sector

Ludan: Stable, Dynamic & Innovative

Cultivates a multi-disciplinary approach

A public, financially stable company

Highly diversified market activity

Invests in continuous growth

Responds quickly to global macro changes and local micro changes

In selected sectors, the company's maintenance portfolio acts as an extension of implemented projects Management software development for the public transportation market

Payment solutions: EMV, cellular and more Electrical Charging Management System

Cyber security: OT infrastructure solutions for industry and IT communication fields

Stability and Development Milestones

Engineering Sector

Over 600 active clients

Current Activity

•A significant player in the process industry •A widespread geographic presence

Future Activity Extension

• •Semiconductor industries
• •Energy production and storage
• •Natural gas conversion
• •Pharma
• •Water

Establishing a Competitive Advantage

• •Low Cost Center (LCC) operations
• •EPC & Technology project implementation
• •Activity center consolidation & overhead cost reduction

Environmental Technologies

(part of engineering sector) Approx. 100 active clients

Current Activity

• •Environmental consultation for industries & infrastructures
• •Pollutant measurements & solution implementation
• •Rehabilitation project implementation

Activity Expansion

• •Soil Remediation
• •EPC & technology projects
• •WTE system initiation, implementation & operation

Establishing a Competitive Advantage

•Relationships with know how providers •Equipment & chemical commerce

Tech Sector

Over 550 active clients

Current Activity

• Public transportation
• Homeland Security
• •Building management
• Testing equipment for the defence industries
• •Software & Cyber security
• •Industrial control systems implementation

Activity Expansion

• •Europe-based public transportation
• •Europe-based cyber security
• Rapid growing maintenance portfolio

Establishing a Competitive Advantage

• Product & software development for transportation market
• •EMV & cellular payments
• •Industry app. software portfolio expansion

General

•External funding for realizing the above

Revenues, EBITDA & Net Profit

(K NIS)

year	2019	2020	2021
Sales	564,901	531,675	513.740
Net Profit	7,407	15,297	16,304

-

2,000

4,000

6,000

8,000

10,000

12,000

145,000

Ludan O.P. By Sector (K NIS)

TECH	233	200	362	073	4	613	1	619
	1	1	3	7	711	4	755	3
	,	,	,	,	,	,	,	,
ENG	4	6	4	1	1	2	2	5
	751	726	843	631	034	872	256	353
	,	,	,	,	,	,	,	,

Results By Geographical Location (K NIS)

Operational Profit By Geographical Location

Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21

	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4
O.P Local	(853)	1,708	1,192	7,500	5,960	7,743	3,748	6,433
O.P Foreign	7,172	6,526	7,271	1,746	130	27	641	1,503

Ludan: Financial Debt (K NIS)

	31.12.2015	31.12.2016	31.12.2017	31.12.2018	31.12.2019	31.12.2020	31.12.2021
Bonds	48,577	49,210	43,703	32,893	22,010	11,049	0
financial debt Net	36,175	57,940	66,147	72,790	41,973	9,873	1,303
financial Gross debt	100,097	92,763	94,448	98,955	67,061	46,816	33,663

Bonds Net financial debt Gross financial debt

Strategic Paths for Future Evolution

Electrical Engineering

Protein replacements

Circular Industry

-

• Fleet Management
• Electrical Charging
• Management
• Foreign Expansion

• Public Transportation Waste Water treatment
• Carbon Capture Ticketing

The Public Transportation Market

Courses of Development

Ticketing Market Development

Consolidation of payment methods for different transportation operators and additional services

2021 - 24 Ticketing market potential : 480 m NIS

Expanding to New Geographies

Using Ludan 's current capabilities to expand Symcotech activities to new Territories

Monitoring and Control Optimization

Using different systems as a source for big data improves deep analysis, personalization and efficiency

Introducing New Technologies

Ludan will expand its technology offering in the growing transport –tech market

Strategic Objectives Realization Methods

Symcotech Maintenance Portfolio 25% of 2020 Revenues 30% of 2021 Revenues

Selected Projects

Metronit

Client Superbus mass transit company Project Value Tens of M NIS

2021

Project Goal

replace the Metronit, a metro – like bus service in the Haifa area

Technology

Ticketing, Fleet Management

Project Description

Superbus won the Metronit Metro – like bus service in Haifa. Being a long time customer of Symcotech, a Ludan group company, a decision was taken with a few important notes:

• End to End ticketing solution
• Fleet Management
• The debut of an own manufactured stationary payment equipment.

Selected Projects Local Refinery Sulfur Recovery Unit

Client Local Refinery

Project Goal New unit that will replace existing old Sulfur Recovery Unit (SRU)

Technology By Wood, Compimo

Project Description

Ludan Engineering Israel, were awarded the FEED review, Detail design and Design management for the project, which includes more than thousand lines and hundreds units of equipment which were manufactured all over the world. Ludan Engineering Romania were involved as well in broad range of activities.

Scope Detail design, Design Management Year of Completion 2022

Project Value Tens of M USD

Selected Projects Soreq 2 – Desalination Plant

Client IDE

Scope Control System

Project Value Millions of NIS

Year of Completion 2023

Technology DCS

Project Description

Ardan Control Tech, a Ludan -Tech company was awarded A DCS (Distributed Control System) design and execution in one of the world 's largest desalination plants. DCS is a platform for automated control and operation of a plant or industrial process. The project 's scope included the design, supply, and programming of this system.

The project is implemented alongside Ludan Engineering and Siemens, which supply the controllers and the DCS suite.

Selected Projects

Soil Remediation

Client

A real estate company located in a plant previously occupied by a pharmaceutical plant.

Project Goal

Polluted land rehabilitation for construction purposes

Project Description

• Historical survey and soil Samling program
• Conducting soil survey using drilling machinery and analytic laboratories
• Preparing soil pollution status report
• Preparing soil remediation plan, engineering plan and budget frame.
• Purchase ,supply, installation and test run of advance soil treatment system targeted for volatiles materials in the ground.

20

Technology Bioventing, SVE

Year of Completion 2020

Project Value Several M NIS

Selected Projects PAMA Rotem Steam Boiler

Client Rotem Amfert Negev

Project Goal Installation and operation of a new steam boiler

Project Value Several M NIS

Project Description

The Israeli Ministry of Environmental Protection closed a polluting steam boiler fired by oil shales and Ludan EPC Division won the bid to connect a new steam boiler to the natural gas grid.

The project consists of a 1 km above and below ground 4", 16 bar CS pipeline,

Erection of PRMS station and an 8" connection to the new boiler.

Work Connection of a new steam boiler to the national Natural Gas transmission system Year of Completion 2022

Selected Projects Yad Haruzim Bus Dipo

Client Ayalon Highways

Scope Civil Engineering Supervisory Services

Project Goal

Upgrading & electrifying public transportation hub

Year of Completion 2022

Project Value

XXX M NIS

Project Description

Upgrading & electrifying public transportation hubs a national interest.

Ludan infrastructure is providing Management and supervision services for Earthworks, infrastructure & construction of a bus parking site, including energy room and installation of electric charging hubs.

Selected Projects

Chemical Plant

Client Confidential

Project Goal New chemical manufacturing facility

Project Value Several M NIS

Project Description

Piping design of 3D moduling for the entire project.

Design of 3,000 isometrics.

Modeling pf 350 equipment units.

Scope Piping design & modeling

Year of Completion 2022

Selected Projects

Scope Design

2023

Year of Completion

Electrolysis Plant

Client Confidential

Project Goal New chlorine manufacturing facility

Project Value Several M NIS

Project Description

New Chlorine Production Plant

Thank You

www.ludan-group.com