Ashtrom Group Ltd. · TASE:ASHG
Ashtrom — Investor Presentation (August 2023)
37 slides from Ashtrom's investor presentation, August 2023
Slide 1: Excellence in Construction: Presentation for the Capital Market
Excellence in Construction Presentation for The Capital Market Based on financial statements from June 30, 2023 August 2023
Slide 2: Disclaimer
Disclaimer This presentation is not to be construed as an offer to buy Company Company's activities as well as developments in the general securities or an invitation to accept such offers, being solely intended environment and external factors having an impact on the Company's for conveying informa
Slide 3: Continuing Journey of Excellence
Continuing Journey of Excellence 8 NIS billions 2.5 NIS billions 163 NIS millions 4.9 NIS billions Group’s orders backlog Income Net profit attributable Equity attributable to as of August 2023 01-06.2023 to shareholders shareholders as of 01-06.2023 June 30, 2023 TA-35 Traded on the index A-Rating
Slide 4: A Decade of Remarkable Growth
A Decade of Remarkable Growth Increase in equity over time Equity attributable to shareholders June 30,2023 ~4.9 NIS billions After payment of dividends of ~1.3 NIS billions since year 2015 Equity attributable to shareholders December 31, 2014 ~1.3 NIS billions 2014 2016 2018 2020 2021 2022 Ashtrom
Slide 5: 2023 Financial Overview
2023 Financial Overview Income (NIS millions) Gross Profit (NIS millions) 552 528 2,472 2,515 1,254 1,261 281 263 271 265 1,231 1,241 Q1 Q2 Cumulative Q1 Q2 Cumulative Operating Profit (NIS millions) Net profit attributable to shareholders (NIS millions) 724 434 443 293 349 281 141 163 153 196 116 4
Slide 6: Multi-year Financial Overview
Ashtrom Group Multi-year Financial Overview Income (NIS millions) Gross Profit (NIS millions) 1,103 4,860 5,153 4,633 4,464 927 894 894 3,741 3,954 3,411 727 598 2,515 556 528 2016 2017 2018 2019 2020 2021 2022 01-06.2023 2016 2017 2018 2019 2020 2021 2022 01-06.2023 Operating Profit (NIS millions)
Slide 7: Multi-year Financial Overview: Equity and Dividends
Ashtrom Group Multi-year Financial Overview Equity attributable to shareholders (NIS millions) Group Dividend (NIS millions) NIS 1,300M * 410 4,855 4,949 4,023 320 3,243 2,291 1,930 160 1,569 130 1,291 1,377 104 78 45 54 2015 2016 2017 2018 2019 2020 2021 2022 06.2023 due to due to due to due to due
Slide 8: Looking to the Future
Looking to the Future Ashtrom Properties | Ashtrom Rental Housing | Housing units for rent Scope of income-generating properties in m² 947,861 2,459 577,810 1,165 253,081 554 572 116,970 168 Income-generating Under construction Planned Total Income Income Under Planned Total as of 30.06.23 generatin
Slide 9: Group Autonomous Areas of Activity
Ashtrom Group 8 Autonomous Areas of Activity operating with optimal synergy, enabling continued growth while taking advantage of operational and financial flexibility 9
Slide 10: Ashtrom Construction
Ashtrom Construction Experience. Professionalism. Quality. Executing all types of Control over all production Commitment to deadlines construction and chain elements to execute while offering infrastructure projects projects and making use uncompromising quality of advanced technologies 6.9 NIS bill
Slide 11: Construction in Israel: Orders Backlog
Construction in Israel Orders Backlog (NIS millions) 6,893 NIS millions Backlog as of June 30, 2023 by anticipated period of projected income 2,354 2,005 Actual execution + forecast for 2023 2,853 1,375 1,686 1,403 728 649 675 725 666 725 725 605 632 LYFE, Building, Bnei Berak Q1 2023 Q2 2023 Q3 202
Slide 12: Construction in Israel: Selected projects under construction
Construction in Israel Selected projects under construction Kikar HaMedina, Tel Aviv 1000 Complex Rishon LeZion The Pardes, Kiryat Ono Fast Lanes Project The Phoenix & Entrepreneurs Property Owners Entrepreneurs Entrepreneurs Ashdar Entrepreneurs Ayalon Highways Ashtrom Properties Extent of project
Slide 13: Ashtrom Properties
Ashtrom Properties* A leader in acquisition, development, construction and management of income-generating properties Ownership of assets in the office, commercial, Owning, managing and upgrading retail and logistics sectors nationwide properties in Israel, Germany and UK ~ 578,000 M² NIS 6.9B NIS 2
Slide 14: Distribution of Properties
Ashtrom Properties* Distribution of Properties NIS millions - - Israel - - Germany UK Total Commerce Offices Industry & Mixed Use -Total - - - - Logistics & Others Extent of properties m² 95,550 44,230 200,193 - 339,973 166,846 70,991 577,810 Occupancy 90% 93% 94% - 93% 96% 84%(1) 93% NOI 01-06.2023
Slide 15: Expected NOI growth from projects in planning and construction
Ashtrom Properties* Expected NOI growth from projects in planning and construction phases in Israel: NIS 100M | 32% Extent Annual NOI Expected NOI Growth from projects in - m² NIS millions planning and construction phases in Israel NIS millions As of June 30, 2023 577,810 310 410 Projects in plannin
Slide 16: Ashtrom Properties - Growth Engines
Ashtrom Properties - Growth Engines Selected projects in initiation & development OLIO, Bat Yam Ashtrom Campus, Yavneh LYFE, Building C, Bnei Berak 1000 Complex Rishon LeZion Building rights (100%): ~34,000 m² Building rights (100%): ~86,000 m² Building rights (100%): ~90,000 m² Building rights (100
Slide 17: Ashdar
Ashdar Leading Company in residential initiatives and Urban Renewal A leader in planning, initiating Pioneer and leader in and marketing high-quality diverse areas of residential neighborhoods Urban Renewal ~120 1,937 17,349 ~2.8 NIS billions Projects Housing units under Housing units in Expected gr
Slide 18: Ashdar Gross Profit Forecast
Ashdar Gross Profit Forecast | ~NIS 2.8M Expected gross profit yet to be recognized (NIS millions) Number of units Number of units Total revenue expected Expected gross Expected gross Expected date - to be marketed (1) sold as of from projects that have profit yet to be profit of completion June 30,
Slide 19: 17,450 Housing Units in Planning Phases
Ashdar 17,450 Housing Units in Planning Phases * Tel Aviv 2,734 units HaSharon 5,407 units North 903 units Herzliya 1,653 units Haifa 642 units Kfar Saba 1,546 units Or Akiva 261 units Netanya 1,027 units Others 1,181 units Center 6,246 units Givatayim 1,623 units Ramat Gan 1,401 units Ramla 1,370 u
Slide 20: Housing Units in Planning Phases
Ashdar Housing Units in Planning Phases* Type of Transaction Status of Planning Process Cash 1,845 In the process of Urban Total Urban Renewal Approved by Total Development 17,349 and Combination Urban Development 17,349 Plan aproval 12,164 units 15,504 Plan units 5,185 Includes: Building permits fo
Slide 21: Rental Housing: Building Vibrant Communities
Ashtrom Rental Housing Building Vibrant Communities A pioneer in the field of Planning, developing ~100% occupancy rental housing in Israel - and operating 10 rental in long-term Established and started housing projects in leases operating in 2016 high-demand locations ~2,500 housing units NIS 4B NI
Slide 22: ~2,500 housing units for long-term leasing
Ashtrom Rental Housing ~ 2,500 housing units for long-term leasing Operated 554 units Haifa, Neot Peres 184 units Before Operation 572 units Tel Aviv, HaGadna 370 units Under Construction 168 units In Planning Stage 1,165 units Tel Aviv, HaMashtela 176 units Jerusalem, Kiryat HaYovel 396 units Tel A
Slide 23: Rental Housing: Projects Operated and Before Operation
Rental Housing Projects being Operated and Before Operation | Rental Housing Only (NIS millions) Operated Operated Before Operation Before Operation - Neot Peres, Haifa HaGadna, Tel Aviv HaMashtela, Tel Aviv Kiryat HaYovel, Jerusalem Total Rental Units * 184 units | 100% occupancy 370 units | 100% o
Slide 24: Rental Housing Property Value
Ashtrom Rental Housing Property Value (NIS millions) - Number of Projects Housing Units Value as of June 30, 2023 Rental housing being operated 2 554 1,220 Rental housing to be operated 2 572 1,378 Housing under construction 1 168 445 Rental housing in planning stage 5 1,165 687 Total Rental Housing
Slide 25: Industries: Comprehensive Value Chain Solutions
Ashtrom Industries* Comprehensive Value Chain Solutions Under One Roof Signing an agreement to purchase 50% of a Development, production, import, marketing and sale of raw materials and Setting of new plants to expand the Expansion to additional networks using NIS 1.2B 9 Dedicated Companies Orders b
Slide 26: Concessions
Ashtrom Concessions Mastering Planning, Development, Operation, Funding, and Maintenance of PPP Projects Specialization in complex Operation of five courthouses Tendering for more PPP projects as part of the and Ben-Gurion University concession projects Company's activities postgraduate residence NI
Slide 27: Renewable Energy Development and Investment
Ashtrom Renewable Energy Renewable Energy Development and Investment in Israel and Worldwide The Company operates as Focus on investments The Company currently an Independent Power and development of works with solar and Producer (IPP) renewable energy wind energy worldwide projects at various stage
Slide 28: Renewable Energy: Global Distribution
Ashtrom Renewable Energy 2.5 GW (Ashtrom share) With a global distribution Total Global MW USA MW Poland MW Operational 29 Under construction* 399 Operational 28 Under construction* 403 Initiation & Development 1,395 Total 28 Initiation & Development 2,030 Total 1,794 Total 2,462 Greece MW Initiatio
Slide 29: Projects initiated in the USA
Ashtrom Renewable Energy Project initiated in the USA - Tierra Bonita El Patrimonio Whitethorn Soles Rest Rolling Sun Greasewood IV Total Location Texas Texas Texas Idaho Texas Texas - (SPP) Planned output (1) 399 188 352 196 366 293 1,794 MW MW MW MW MW MW MW Phase of project Construction Initiatio
Slide 30: Tierra Bonita project, Texas, USA
Ashtrom Renewable Energy TIERRA BONITA project, Texas, USA Planned Output ~400 MWdc (over an area of ~9,000 dunam) Total Investment ~$440M Expected commercial operation Towards the end of 2024 20-year PPA with CPS, the electric company serving San Antonio Power Purchase Agreement (rated Aa2 by Moody
Slide 31: Ashtrom International
Ashtrom International Contracting, Entrepreneurship and Income-generating Real Estate Overseas Over 50 years of experience Land inventory in the USA and Income-generating property in Eastern in the construction of entrepreneurial activity in Portugal Europe, the most prominent of which are a complex
Slide 32: Profit and Loss Statement
Ashtrom Group Profit and Loss Statement (NIS thousands) - 01-06.2023 01-06.2022 Q2 2023 Q2 2022 2022 Income 2,515,011 2,471,819 1,260,540 1,241,019 5,152,913 Gross profit 528,359 551,944 265,106 270,515 1,102,914 Gross profit margin 21.0% 22.3% 21.0% 21.8% 21.4% Gain from change in designation from
Slide 33: Balance Sheet & Cash Flow Summary
Ashtrom Group Balance Sheet & Cash Flow Summary (NIS millions) - 30.06.2023 30.06.2022 31.12.2022 - - - - Total cash and short-term investments 1,734 2,165 1,861 - - - - Current Assets 4,846 5,340 5,178 Non-current Assets 15,466 11,843 13,056 Total Assets 20,312 17,183 18,234 Current Liabilities 4,7
Slide 34: Leveraging & Debt
Leveraging & Debt Solo level analysis Equity Total Assets Equity Ratio 4,949 9,150 54.1% NIS millions NIS millions Cash Balance & Financial Debt, Debt to CAP, Short-term Investments net net 452 2,999 37.6% NIS millions NIS millions Bonds Repayment -principal only (NIS millions) 1,439 478 501 390 324
Slide 35: Financial Debt
Ashtrom Group* Financial Debt Gross Financial Debt Net Financial Debt** (NIS millions) (NIS millions) June 30, 2023: 6,265 June 30, 2023: 5,565 Dec 31, 2022: 4,321 3,404 2,024 32% 2,566 3,158 51% 1,083 562 589 17% 420 456 334 304 200 243 239 235 219 115 Bonds Bank credit Non-bank credit General Cons
Slide 36: ESG Strategy
ESG Strategy At the Ashtrom Group we are committed to the advancement of ESG. In May 2023 our first ESG Report was launched, giving expression to significant and widespread activity undertaken in the Group Sustainable Environment Producing, planning, building and managing E environmentally friendly
Slide 37: Thank You
ASHTROM Thank You