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Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel, with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, stores for rent in shopping malls, or industrial space in industrial parks – Amot is the right address.
AMOT Investments - Financial Statements June 30, 2017
Start FinishNavigation + ++ +
Capital Market Presentation
Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, stores for rent in shopping malls, or industrial space in industrial parks - Amot is the right address.
Amot member of Alony-Hetz Group
AMOT ProfileAmot Investments /Information about the Company
Start FinishNavigation 2017Presentation for the Capital Market+ + ++ +
3
+
A subsidiary of Alony-Hetz Properties and Investments Ltd.,
which holds approximately 61% of its equity.
A public company that is traded on the Israeli Stock Exchange andincluded in the indices:Tel Aviv 35, Tel-Aviv - Real Estate and Tel Div.
102 income-producing properties
The Company owns:
Total area:
1,200,000 Approximately 789,000 m2 of rental space
A variety of uses:
Offices
Commercial
Industrial and Logistics
``
Talking about Amot
Amot member of Alony-Hetz Group
AMOT ProfileAmot Investments / Information about the Company
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured.
3 projects under construction and advanced planning totaling 90,000 sq.m.
The Company has approximately 1,600 tenants.
Equity of 1.1 billion USD
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
The average occupancy rate of the Company's assets is approximately 97%.
4``
Talking about Amot
Amot from Alony-Hetz Group
AMOT ProfileAmot Investments / Information about the Company
Leverage ratio – 49% After raising the Company's rating in December 2016 and July 2017 the Company's bonds are rated AA/Stable by S&P Maalot and Aa2/Stable by Midroog.
Net Financial Debt – 1.4 billion USD
5``
Talking about Amot
Amot from Alony-Hetz Group
AMOT ProfileAmot Investments / Information about the Company
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel, with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, stores for rent in shopping malls, or industrial space in industrial parks – Amot is the right address.
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Talking about Am
ot
Amot member of Alony-Hetz Group
Investments Properties Segmentation of Income-producing Property Value
7
2,627Value in USD million
16%
Industrial and Other
417
29%
Commercial
770
55%
1,440Offices
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Talking about Amot
Segmentation of Income-Producing Property Value 2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Investments PropertiesAMOT member of Alony-Hetz Group
Income-Producing Property Value as of 30.6.17
Fair Value by Location
First ring38% 995 Third ring
Fourth ring Second ring35% 930
15%402
12%300
First ring: Tel Aviv, Ramat Gan, Givatayim
88%
Segmentation of Income-Producing Property Value 2017Presentation for the Capital MarketStart FinishNavigation + ++ +
8``
Talking about Amot
Second ring: Gush Dan Surroundings
Third ring: Gedera, Hadera and Jerusalem
Fourth ring: Israel’s northern and southern regions
Income-Producing Property Value as of 30.6.17 2,627Value in USD million
Investments PropertiesAMOT member of Alony-Hetz Group
0
0.75
1.5
2.25
3
2011 2012 2013 2014 2015 2016 31.3.17 30.6.17
2.82.72.62.42.3
2.11.91.81.8 1.9
2.12.3 2.4
2.6 2.7 2.8
52%+
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
``
Talking about Amot
9
Linear
Income Producing Assets
Assets under Construction
In usd billions
Growth of Fair Value of Investments propertyand Real Estate under Construction
Investments PropertiesAMOT member of Alony-Hetz Group
0
0.275
0.55
0.825
1.1
2011 2012 2013 2014 2015 2016 30.6.17
1.11.1
0.90.80.8
0.70.7
67%+
Growth of Equity (in billions usd) 2017Presentation for the Capital MarketStart FinishNavigation + ++ +
``
Talking about Amot
10
Rate of Increase since 2011
Equity
In usd billions
Equity GrowthAMOT member of Alony-Hetz Group
s
Dividend Distribution over the Years
0
30
60
90
2010 2011 2012 2013 2014 2015 2016 2017E
389
2
35
625249
444136
28
Accumulated amount distributedsince 2006:
0.6 billion USD
258%+
Dividend Distribution over the Years 2017Presentation for the Capital MarketStart FinishNavigation + ++ +
NIS
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Talking about Amot
11 Dividend DistributionAMOT member of Alony-Hetz Group
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, stores for rent in shopping malls, or industrial space in industrial parks – Amot is the right address
AMOT member of Alony-Hetz Group
GrowthAMOT Investments
Talking about Amot
20
26
32
38
44
7-9/15 10-12/15 1-3/16 4-6/16 7-9/16 10-12/16 1-3/17 4-6/17
44.243.141.4
4038.638.1
36.135.3
Continuous Growth in NOI – Quarterly-in USD millions
14%
0
45
90
135
180
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E
175158
142137133127121103
8675 38%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
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Talking about Amot
13
Annual and QuarterlyNOI
Continuous Growth in NOI – Annual-in USD millions
Annual and QuarterlY
GrowthAMOT from Alony-Hetz Group
NOI
15
22
29
36
7-9/15 10-12/15 1-3/16 4-6/16 7-9/16 10-12/16 1-3/17 4-6/17
30282726
25232323 20%
0
30
60
90
120
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E
118
10190
82767167
57
403967%
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Talking about Amot
14 Annual and QuarterlY
GrowthAMOT from Alony-Hetz Group
FFO
2017Presentation for the Capital MarketStart FinishNavigation + ++ +FFO
Continuous Growth in FFO with a Decrease in the Leverage Ratio
Quarterly - in USD millions
Continuous Growth in FFO with a Decrease in the Leverage Ratio
Annual - in USD millions
Annual and Quarterly
Continuous Growth in FFO per share with a Decrease in the Leverage Ratio
Quarterly - in pennies
5
6
7
8
9
10
7-9/15 10-12/15 1-3/16 4-6/16 7-9/16 10-12/16 1-3/17 4-6/17
9.6
8.99.2
8.98.68.5
8.28.2
11%
0
9.5
19
28.5
38
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E
37.835.2
32.630.530.630.329.2
27.222.823.6 25%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Continuous Growth in FFO per share with a Decrease in the Leverage Ratio
Annual - in pennies
FFO Annual Per Share
``
Talking about Amot
15 PER SHARE
GrowthAMOT from Alony-Hetz Group
FFO
``
Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, stores for rent in shopping malls, or industrial space in industrial parks – Amot is the right address
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
AMOT
mem
ber o
f Alo
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etz
Gro
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Fina
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Stre
ngth
AMO
T In
vest
men
ts
Talking about Amot
Bonds
980 67%
Banks
364 25%
111 8%
~
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Debt Structure – Extended Consolidated
NegotiableSecurities
``
Talking about Amot
17AMOT member of Alony-Hetz Group
Financial StrengthAMOT Investments
0
275
550
825
1100
2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29
104 94
199
344
147 165
75 76 5619 19 19
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
BondsBanks
Spread of Repayments over the Years excluded Repayment of commercial paper
``
Talking about Amot
18AMOT member of Alony-Hetz Group
Financial StrengthAMOT Investments
63
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Financial Strength
Cash and cash equivalents in the amount millions USD
Unsecured assets totaling 2.2 billion USD
Unutilized credit facilities in the amount ofmillions USD
222
Rating raised to AA in July 2017 and December 2016
Average duration – 4.1 years
Weighted effective linked interest – 3.10%
``
Talking about Amot
19AMOT member of Alony-Hetz Group
Financial StrengthAMOT Investments
0.00%
2.25%
4.50%
6.75%
9.00%
12.07 12.09 12.10 12.11 6.12 12.12 6.13 12.13 6.14 12.14 6.15 12.15 3.16 6.16 9.16 12.16 3.17 6.17
5.3%4.88% 5.02% 4.89% 4.76% 4.63% 4.3% 4.27% 3.99% 3.86% 3.87% 3.59% 3.58% 3.51% 3.43% 3.17% 3.17% 3.1%
7.80%8.29% 8.05% 7.90% 7.85% 7.73% 7.81% 7.71% 7.69% 7.52% 7.54% 7.41% 7.33% 7.35% 7.35% 7.33% 7.30% 7.32%
Weighted Cap Rate Weighted Debt Cost
Embedded yield spreads on income-producing property and the weighted linked interest on raisingdebt, rising over the years – based on the Company’s weighted linked interest rate as of June 30, 2017
4.22%2.5%
}Debt raising cost for 2016 2%
5.32%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +The Change in the Weighted Capitalization Rate Relativeto the Change in the Company’s Weighted linked Interest Rate
``
Talking about Amot
20AMOT member of Alony-Hetz Group
Financial StrengthAMOT Investments
AMOT OfficesAMOT member of Alony-Hetz Group
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Talking about Am
ot
NOI from offices
0
39
78
2011 2012 2013 2014 2015 2016
776459575349
56%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Amot Offices
33AMOT has income producing office buildingswith an area of approximately 364,824 m2.
The fair value as of June 30, 2017 is approximately USD 1.4 billion
The NOI from offices during the period January toJune, 2017 is USD 46 million
The average contractual-renting duration is 3-5 years.(20% of rental agreements are renewed each year.)
The average occupancy rate in office space as of June 30, 2017 is 94.9%.
``
Talking about Amot
22 AMOT OfficesAMOT Investments
AMOT from Alony-Hetz Group
Atrium Tower Europe House Hayetzira House Dubnov 10
Platinum Tower Vered House Tim House Amot Mevasseret Zion
Amot Investments Tower Amot Park Afek Pliner House Habarzel 30
Ziviel House, Ramat Hahayal Verint House Amot Communications House Yahav House
HP Yehud Amot Hakiriya Moshe Aviv Tower Maccabi Netanya
Amot Law House Hame’a Tower Amot Haifa House
Amot Insurance House Merkazim 2001 Hotzvim mountain
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Properties
m2.
``
Talking about Amot
23 AMOT OfficesAMOT Investments
Amot Offices
AMOT member of Alony-Hetz Group
33AMOT has income generating office buildingswith an area of approximately 364,824 m2.
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
``
Talking about Amot
24 ATRIUM TowerAMOT Investments
AMOT member of Alony-Hetz Group
A prestigious and unique tower built to the highest standards in Israel, bearing the LEED PLATINUM standardmark
Total area of approximately 57,000 m2
Rental price range: USD 31-42 per m2 (not including parking spaces)
Expected full occupancy NOI: over USD 23 million
Tenants: HSBC, Clicktale, Feedvisor, Regus, Singulariteam, Checkmarx, QLOGIC, AOL, Taboola, SISENSE, Electra and more
Attractive location and very convenient transportation
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
``
Talking about Amot
25 ATRIUM TowerAMOT Investments
AMOT member of Alony-Hetz Group
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
``
Talking about Amot
26 ATRIUM TowerAMOT Investments
AMOT member of Alony-Hetz Group
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
AMOT CommercialAmot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, shops for rent in malls, or industrial space in industrial parks - Amot is the right address.
Talking about Amot
AMOT member of Alony-Hetz Group
25
42.5
60
2011 2012 2013 2014 2015 2016
52.352.551515251
3%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
NOI from commercial centers and supermarkets
Amot Commercial
• The fair value as of June 30, 2017 is approximately USD 0.8 billion
• The NOI in the period January to June 2017 is approximately USD 27 million
• The average occupancy rate from commercial centers and supermarkets as of June 30, 2017 is 97.4%
• Potential for improvement
``
Talking about Amot
28 AMOT CommercialAMOT Investments
AMOT member of Alony-Hetz Group
18AMOT has commercial centers and 36 supermarkets with an area of about 159,000 m2.
Properties Arim Mall, Kfar Saba Merkazit Mall, Jerusalem
Neve Ze’ev, Beer Sheva
124 Mall, Iben Gvirol, Tel Aviv
Brodetzky, Ramat Aviv
Kiryat Ono Mall Hutzot Alonim Mall Amot Max, Beer Sheva Merkaz h’kirya Ashdod Bat Hadar, Ashkelon
Orot Mall, Or Akiva Center Hagalil, Rosh Pina 36 Supermarket My Center, Carmiel
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
18AMOT has commercial centers and 36 supermarkets with an area of about 159,000 m2.
Amot Commercial
``
Talking about Amot
29 AMOT CommercialAMOT Investments
AMOT member of Alony-Hetz Group
Jerusalem – Hapalmach St.
Ramat Gan – Hayarden St.
Tel Aviv – Pinkas St.
Herzliya – Lev Hair
Beit Shemesh – Ben Tzvi St.
Bat Yam
Petach Tikva
Holon – Sokolov St.
Ashkelon – Ben Gurion St.
Ashdod – Rogozin
List of supermarkets
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Amot Supermarket Distribution
Mega – Anbar Holon Mega – 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 Co-op – Beit Shemesh
Mega – Dimona Mega – 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 Superstock – Kiryat Gat
Mega – Ne’ot Rachel Super-Sapir – Akko
Mega – Neve Amirim Shufersal – Kiryat Eliezer
z
Supermarkets
``
Talking about Amot
30 AMOT CommercialAMOT Investments
AMOT member of Alony-Hetz Group
AMOT Industrial and Logistic ParksAMOT InvestmentsAmot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income-generating property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, shops for rent in malls, or industrial space in industrial parks - Amot is the right address.
Talking about Amot
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
AMOT member of Alony-Hetz Group
0
15
30
2011 2012 2013 2014 2015 2016
252524242217
45%
``
Talking about Amot
32AMOT member of Alony-Hetz Group
AMOT Industrial and Logistic ParksAMOT Investments
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Amot Industrial and Logistic Parks
12AMOT has industrial and logistic parks with an area of approximately 244,000 m2.
NOI from industrial and logistic parks• The fair value as of June 30, 2017 is approximately USD 0.3 billion
• The NOI in the period January to June 2017 is approximately USD 12.5 million
• The average occupancy rate as of June 30, 2017 is approximately 98.9%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Amot Industrial and Logistic Parks
Properties Poleg Park Rehovot Park Amot Modi’in
Si’im Park Tech Park Yavne Frenkel Caesarea
Amot Hamada Best Carton
Amot Park Tech Cargal
12AMOT has industrial and logistic parks with an area of approximately 244,000 m2.
``
Talking about Amot
33AMOT from Alony-Hetz Group
AMOT Industrial and Logistic ParksAMOT Investments
AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel with total assets of about 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, shops for rent in malls, or industrial space in industrial parks – Amot is the right address.
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Talking about Am
ot
Developments Strategy
Investment in projects under construction (land + building) up to 15% of the total property value.
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Construction outside of the Gush Dan region is backed by an anchor tenant.
Maintaining the Company’s existing leverage rates.
Low Developments risks
Developments Strategy
35AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
Amot’s Share in the Space (m2 thousands)Projects under Construction
and Status of Building Rights
91Projects under construction and advanced planning
80Available building rights
224 Rights in the rezoning processfor the medium/long term
395
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Projects under Constructionand Status of Building Rights
36AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
50%
Main useOffices
Request for additional rights:Promotion of an urban building plan at district level to increase the permitted building area
53,000 m2.
Area for construction
Group’s share
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Totzeret Haaretz Tower - ToHa
Expected completion – 2018
950 parking places
Totzeret Haaretz Tower - ToHa 37
AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
``
Talking about Amot
Estimated construction cost: USD 125 million- group’s share
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
38AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
Totzeret Haaretz Tower - ToHa
Totzeret Haaretz Tower - ToHa
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Totzeret Haaretz Tower - ToHa
39AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
Totzeret Haaretz Tower - ToHa
Project Progress
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
?
40AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
Totzeret Haaretz Tower - ToHa
Totzeret Haaretz Tower - ToHa
78%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +AMOT Holon
Main useOffices / Commercial / Industrial use
Request for additional rights: Promotion of an urban building plan at district level to increase the permitted building area
36,000 m2.
Area for construction
Group’s share
Holon 41
AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
Estimated construction cost: USD 89 million
2017Presentation for the Capital MarketStart FinishNavigation + ++ +AMOT Holon
Holon 42
AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
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Talking about Amot
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Modiin
100%
Main useLogistics
Expected completion – 2019
34,000 m2.
Area for construction
Group’s share
Modiin 43
AMOT member of Alony-Hetz Group
AMOT DevelopmentsAMOT Investments
``
Talking about AmotEstimated construction cost:
USD 50 million
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
Amot Investments Ltd. is a public real-estate company, one of the leading income property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, shops for rent in malls, or industrial space in industrial parks - Amot is the right address.
AMOT member of Alony-Hetz Group
AMOT ForecastAMOT Investments
Talking about Amot
2016Actual
158
101
35
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
NOI
1-6.17
87
57.5
18.5
Actual
174-176
117-118
37.5-38
2017 Updated
Forecast
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Talking about Amot
45AMOT member of Alony-Hetz Group
AMOT Forecast AMOT Investments
Amot Investments / Forecast for 2017
FFO
FFO
IN USD millions
in USD millions
Per share (pennies)
174-177
117-120
38-39
2017 Original
Forecast
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Balance Sheet Data
June 30, 2017 (USD thousands) June 30, 2016 (USD thousands) Dec. 31, 2016 (USD thousands)
Cash and cash equivalents 63,342 79,060 90,344
Income-producing property and under construction
2,749,910 2,532,381 2,623,988
Financial liabilities 1,455,336 1,339,182 1,384,571
Deferred taxes 238,154 224,889 223,348
Total equity 1,103,294 989,830 1,099,793
Leverage ratio 49% 49% 48%
Unsecured assets 2,194,444 1,972,222 2,039,722
Amot Balance Sheet Data – Extended Consolidated
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Talking about Amot
46AMOT member of Alony-Hetz Group
AMOT Forecast AMOT Investments
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Profit or loss
Change Jan. to June 2017 (USD thousands) Jan. to June 2016 (USD thousands)
NOI 14% 87,158 38,032
Change in the value of investment properties
17,197 18,922
Financing – real interest (4%) 21,104 22,050
Taxes 15,064 20,213
Other income - 12,675
Net income 53,690 63,621
FFO 19% 57,415 48,069
FFO per share (Agorot-0.01 NIS) 8% 18.5 17.1
Amot Summary of Profit or loss – Extended Consolidated
Tax income derived from the amendment to the Income Tax Ordinance and the reduction in the corporate tax rate from 26.5% to 23%.
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Talking about Amot
47AMOT member of Alony-Hetz Group
Statement of IncomeAMOT Investments / Data Summary / Extended Consolidated
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Profit or loss
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Talking about Amot
48AMOT member of Alony-Hetz Group
Statement of IncomeAMOT Investments / Data Summary / Extended Consolidated
NOI 4-6.17 1-3.17 10-12.16 7-9.16 4-6.16 Change
USD thousands
same property noi 38,473 38,249 38,241 37,647 37,401 2.9%
atrium 4,852 4,539 3,230 2,294 1,209
new assets 742 304 - - -
44,067 43,092 41,471 39,941 38,610 14%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Profit or loss
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Talking about Amot
49AMOT member of Alony-Hetz Group
Statement of IncomeAMOT Investments / Data Summary / Extended Consolidated
ffo 4-6.17 1-3.17 10-12.16 7-9.16 4-6.16 Change
USD thousands
ffo 29,793 27,621 27,214 25,982 24,634 21%
weighted number of shares
311,240 308,914 298,408 292,419 286,268 9%
ffo per share 9.6 8.9 9.1 8.9 8.6 11.3%
Amot Investments Ltd. is a public real-estate company, one of the leading income property companies in Israel with total assets of approximately 1 million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus stations, industrial parks and industrial buildings. Our specialization in income property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, shops for rent in malls, or industrial space in industrial parks - Amot is the right address.
AMOT member of Alony-Hetz Group
SummaryAMOT Investments
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Talking about Am
ot
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e
0.230.21
0.190.180.180.180.16
0.130.120.12
0.380.35
0.330.30.310.30.29
0.270.230.24
52% 54% 49% 53%59% 58% 61% 58% 62%
+
61%
2017Presentation for the Capital MarketStart FinishNavigation + ++ +
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Talking about Amot
51AMOT member of Alony-Hetz Group
Summary Margin to Finance Self-GrowthAMOT Investments
FFO per share Standard dividend per share Dividend payout ratio
Not including distribution of special dividend
Margin to Finance Self-Growth
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Our Strengths
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Talking about Amot
52AMOT member of Alony-Hetz Group
Summary Our StrengthsAMOT Investments
102 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 49%Financial flexibility and high accessibility to the capital market
High financial strength (rated AA by Maalot and Midroog)
Unsecured assets – 80% and unutilized credit facilities in the
amount of USD 222 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% as of June 30, 2017
Promoting projects with reference to the potential for improvement
A dividend policy that is stable and known in
advance, of approximately 60% of the FFO
2017Presentation for the Capital MarketStart FinishNavigation + ++ +Disclaimer
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Talking about Amot
53AMOT Investments
AMOT member of Alony-Hetz Group
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 macro-economic 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.
AMOT InvestmentsThank You
Amot Investments Ltd. is a public real-estate company, one of the leading income-generating property companies in Israel, with total assets of about 1
million m2. The Company owns income-generating real-estate assets, including office buildings, commercial centers, supermarkets, central bus
stations, industrial parks and industrial buildings. Our specialization in income property is especially advantageous for anyone interested in renting properties in Israel. Whether it is office space for rent in office buildings, shops for rent in
malls, or industrial space in industrial parks - Amot is the right address.
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