Results Presentation 31.12.2020
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AMOT INVESTMENTS AMOT INVESTMENTS AMOT managers ofo publicly-traded,developers,ownersand One ofthelargest Capital MarketPresentation ffi ce, retail and logistic real estateinIsrael andlogisticreal ce, retail . PEOPLE FIRST. Capital Market Presentation AMOT INVESTMENTS. PEOPLE FIRST. One of the largest publicly-traded, developers, owners and managers of office, retail and logistic real estate in Israel INVESTOR PRESENTATION . 0 0 . 1 . 0 0 0 9 7 1 3 5 1 . 0 0 0 . AMOT DEVELOPMENTS FINANCIAL 0 1 1 4 INTRODUCTION 2 GROWTH AMOT OFFICES SUPERMARKETS 8 STRATEGY DATA 6 0 2 Amot Investments Ltd. is a The company is currently The portfolio primarily Amot was founded in 1964 Amot's corporate The Company's ebentures leading Israeli real estate developing several prime consists of office as a private company. It responsibility strives to are rated investment grade company, focused on the properties, which will fuel properties which comprise was later listed on the Tel- implement the AA/Stable by S&P Maalot management, leasing, INVESTMENTS growth. FINANCIAL 56% of the total value. Aviv Stock Exchange in INDUSTRIAL AND sustainability concept in and Aa3/Stable by maintenance, initiation and 2006 after being acquired the operation of our Moody's Midroog. development of yielding PROPERTIES STRENGTH AMOT RETAIL by Alony Hetz. LOGISTIC PARKS Company's properties and FORECAST CONCLUSION properties in Israel. through the construction of new properties. Amot's properties include The Company's properties The Company currently The Company is currently Amot emphasizes the Alony Hetz owns 56% of office buildings, industrial are heavily concentrated owns 104 yielding traded on the Tel-Aviv educated use of depleted the Company and is a parks, logistics centers, (72%) in the Greater Tel properties with a total area Stock Exchange and is natural resources and long-term committed malls, shopping centers, Aviv area, the economic of 1.4 million sqm. included in the leading energy saving in property shareholder. supermarkets and central center of Israel. market indices, including: systems, which leads to bus stations. TA-35, TA-125, TA-Real- the reduction of Estate, Tel-Div and All- greenhouse gas Share. emissions. t e k n r oi a t M a t l n a e it s p e a r C P CONTENT 2 properties inIsrael. properties initiation anddevelopmentofyielding management, leasing,maintenance, focusedonthe estatecompany, real Amot InvestmentsLtd.isaleadingIsraeli INTRODUCTION INVESTOR PRESENTATION INVESTMENTS AMOT managers ofo publicly-traded,developers,ownersand One ofthelargest Cap ti al Market “ Presentation THE BIGGESTRISKIS THE NOT TAKING ANY RISK ANY TAKING NOT 3 ffi ce, retail and logistic real estateinIsrael andlogisticreal ce, retail . PEOPLE FIRST. PEOPLE . Mark Zuckerberg “ INTRODUCTION 553,000 sqm of rental space 553,000 sqm of rental 956,000sqm Approximately 1,500,000 area: Total The companyowns104 assets its equity. 57%of whichholdsapproximately Investments Ltd., A subsidiary and ofAlony-HetzProperties Div. andTel -RealEstate 35,Tel-Aviv Aviv Tel andincludedintheindices: Exchange Stock ontheIsraeli A publiccompanythatistraded AGLANCE AT AMOT INVESTOR PRESENTATION INVESTMENTS AMOT managers ofo publicly-traded,developers,owners and One ofthelargest One of t he al rgest publicly- ffi traded, developers, owners a nd ce, retail and logistic real estateinIsrael andlogisticreal ce, retail managers of o ffice, retail and log si tic real estate in Israel . PEOPLE FIRST. above ground and above ground Leverage ratio - ratio Leverage 185,000 sqm in planningandinitiationstagestotaling projects under construction94,000sqm.and5 4 projects 97.2%. assets isapproximately oftheCompany's occupancy rate The average partners. forassetsvalued at2%ofownershipwith except notencumbered All oftheCompany'sassetsare value-14billionNIS real-estate Total 43% Maalot and Aa2/Stable byMidroog. Maalot andAa2/Stable byS&P Aa/Stable rated The Company'sbondsare Net FinancialDebt-6.1billionNIS 4 INTRODUCTION Capital Market Presentation CONTRACTS During the course of the fourth quarter, 98 new contracts have been signed, including the exercise of an option on an area of approximately 40 thousand square meters, which will generate annual rental fees of approximately 41 million NIS. New areas leased Change % Usage Floor space above Average Rent per sqm Average Rent per sqm Number of contracts ground prior new Square meters NIS NIS % Offices 48 18,591 92 99 8% Retail 39 7,855 127 120 (6%) Logistics and industrial parks 10 9,716 41 42 2% Supermarkets 1 3,891 60 63 5% Total 98 40,053 t e k n r a io t M a t l n a ti e s p e a The company signs on contracts with various levels of fnishing. r C P 5 Excludes Amot Shufersal logistics centre in Modi'in. Dummy Text CONTRACTS During the course of 2020, 383 new contracts have been signed, including the exercise of an option on an area of approximately 131 thousand square meters, which will generate annual rental fees of approximately 123 million NIS. New areas leased Change % Usage Floor space above Number of contracts Rent per sqm prior Rent per sqm new ground Square meters NIS NIS % Offices 193 70,977 85 87 2% Retail 149 26,634 98 100 2% Logistics and industrial parks 40 29,048 38 41 8% Supermarkets 1 3,891 60 63 5% Total 383 130,550 t e k n r oi a t M a l t n a ti e s p e a The company signs on contracts with various levels of fnishing. r C P 6 Excludes Amot Shufersal logistics centre in Modi'in. Dummy Text INTRODUCTION KEY INVESTMENT HIGHLIGHTS KEY INVESTMENT INVESTOR PRESENTATION INVESTMENTS AMOT managers ofo publicly-traded,developers,owners and One ofthelargest ffi ce, retail and logistic real estateinIsrael andlogisticreal ce, retail . PEOPLE FIRST. PEOPLE . 7 INTRODUCTION Capital Market Presentation INVESTOR PRESENTATION INVESTMENTS AMOT managers ofo publicly-traded,developers,ownersand One ofthelargest ffi ce, retail and logistic real estateinIsrael andlogisticreal ce, retail . PEOPLE FIRST. PEOPLE . 8 INTRODUCTION Capital Market Presentation supermarkets andcentralbusstations. centers, malls,shopping buildings, industrialparks,logistics includeo properties Amot's ffi ce INVESTMENTS PROPERTIES PROPERTIES INVESTMENTS INVESTOR PRESENTATION INVESTMENTS AMOT managers ofo publicly-traded,developers,ownersand One ofthelargest Cap ti al Market “ FOUNDATIONAL KEYTOALLSUCCESS FOUNDATIONAL ACTION IS THE Presentat oi n 9 ffi ce, retail and logistic real estateinIsrael andlogisticreal ce, retail . PEOPLE FIRST. PEOPLE . Pablo Picasso “ AMOT INVESTMENTS. PEOPLE FIRST. t e One of the largest publicly-traded, developers, owners and k n r a managers of office, retail and logistic real estate in Israel io t M a t l n a e it s p e a r C P INVESTOR PRESENTATION 10 INVESTMENTS PROPERTIES SEGMENTATION OF INCOME-PRODUCING PROPERTY VALUE INCOME-PRODUCING PROPERTY VALUE AS OF 31.12.20 VALUE IN USD MILLION 12,718 TOTAL VALUE IN USD MILLION INDUSTRIAL AND OFFICES RETAIL LOGISTICS SUPERMARKETS OTHERS Investments Investments Investments Investments Investments INVESTMENTS 13,941 Properties 51% Properties 21% Properties 20% Properties 6% Properties 2% AMOT INVESTMENTS. PEOPLE FIRST. t e One of the largest publicly-traded, developers, owners and k n r a managers of office, retail and logistic real estate in Israel io t M a l t n a ti e s p e a r C P INVESTOR PRESENTATION 11 INVESTMENTS PROPERTIES FAIR VALUE BY LOCATION 72% INCOME-PRODUCING PROPERTY VALUE AS OF 31.12.20 VALUE IN USD MILLION 4,543 4,588 3,520 Tel Aviv Gush Dan Other 13,941 metropolis 36% Surroundings 36% areas 28% INVESTMENTS AMOT INVESTMENTS. PEOPLE FIRST. t e One of the largest publicly-traded, developers, owners and k n r a managers of office, retail and logistic real estate in Israel io t M a l t n a e it s p e a r C P INVESTOR PRESENTATION 12 COVID-19 Since the beginning of the pandemic, the Company has received many notices from With respect to its commercial centers, the Company formulated a gradual the Company's customers in the office and commercial segments requesting the concessions plan regarding rent and management fee payments during the lockdown deferral, reduction, distribution and cancellation of rent and management fee payments periods and during the periods when only partial activity was allowed: with respect to with respect to the periods during which the restrictions and/or lockdowns applied (or the periods when the commercial centers were closed, it did not collect rent and partially applied). It is hereby clarifed that the Company believes that agreements must management fees; while with respect to the partial activity periods, the tenants paid be honored, and that it has worked, and continues working, on enforcing the lease rent as a percentage of turnover, in accordance with the provisions of the lease agreements to which it is party. In specifc cases, the Company allowed the distribution agreements with them, and certain concession were also given on management fees of payments for office tenants. Throughout the entire reporting period, and as of the (subject to the reduction / adjustment of the concession amounts for each tenant publication date of the report, the collection of rent and management fees from office which was entitled to state grants, in accordance with the government assistance tenants is continuing in an orderly manner. plan). The total scope of the foregoing concessions to tenants in commercial centers during the reporting period amounted to a total of NIS 64 million. INVESTMENTS AMOT INVESTMENTS. PEOPLE FIRST. t e One of the largest publicly-traded, developers, owners and k n r a managers of office, retail and logistic real estate in Israel io t M a t l n a e it s p e a r C P INVESTOR PRESENTATION 13 COVID-19 The Company will continue evaluating whether any changes to its business strategy are required, including on any matter associated with possible changes to the preferences and needs of tenants, and changes to the characteristics and areas of employment in the economy, in light of the possible effects of the pandemic on economic activity in Israel and around the world.