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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 m 2 . 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 Finish Navigation + + + + Capital Market Presentation

Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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Page 1: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 2: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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+ + ++ +

Page 3: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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 + ++ +

Page 4: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 5: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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 + ++ +

Page 6: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 7: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

7

2,627Value in USD million

16%

Industrial and Other

417

29%

Commercial

770

55%

1,440Offices

``

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

Page 8: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 9: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 10: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 11: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

``

Talking about Amot

11 Dividend DistributionAMOT member of Alony-Hetz Group

Page 12: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 13: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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 + ++ +

``

Talking about Amot

13

Annual and QuarterlyNOI

Continuous Growth in NOI – Annual-in USD millions

Annual and QuarterlY

GrowthAMOT from Alony-Hetz Group

NOI

Page 14: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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%

``

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

Page 15: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 16: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

``

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

ny-H

etz

Gro

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Fina

ncial

Stre

ngth

AMO

T In

vest

men

ts

Talking about Amot

Page 17: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 18: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 19: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 20: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 21: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

AMOT OfficesAMOT member of Alony-Hetz Group

2017Presentation for the Capital MarketStart FinishNavigation + ++ +Talking about Am

ot

Page 22: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 23: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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.

Page 24: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 25: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

2017Presentation for the Capital MarketStart FinishNavigation + ++ +

``

Talking about Amot

25 ATRIUM TowerAMOT Investments

AMOT member of Alony-Hetz Group

Page 26: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

2017Presentation for the Capital MarketStart FinishNavigation + ++ +

``

Talking about Amot

26 ATRIUM TowerAMOT Investments

AMOT member of Alony-Hetz Group

Page 27: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 28: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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.

Page 29: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 30: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

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Talking about Amot

30 AMOT CommercialAMOT Investments

AMOT member of Alony-Hetz Group

Page 31: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 32: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

0

15

30

2011 2012 2013 2014 2015 2016

252524242217

45%

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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%

Page 33: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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.

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Talking about Amot

33AMOT from Alony-Hetz Group

AMOT Industrial and Logistic ParksAMOT Investments

Page 34: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 35: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 36: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 37: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

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Talking about Amot

Estimated construction cost: USD 125 million- group’s share

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38AMOT member of Alony-Hetz Group

AMOT DevelopmentsAMOT Investments

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Talking about Amot

Totzeret Haaretz Tower - ToHa

Totzeret Haaretz Tower - ToHa

Page 39: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 40: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 41: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

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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

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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

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Talking about AmotEstimated construction cost:

USD 50 million

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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

Page 45: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

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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

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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

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2017Presentation for the Capital MarketStart FinishNavigation + ++ +Profit or loss

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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%

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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%

Page 50: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

Page 51: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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

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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

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2017Presentation for the Capital MarketStart FinishNavigation + ++ +Disclaimer

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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.

Page 54: Capital Market Presentation · 2017-11-09 · Total real-estate value – USD 2.8 billion, of which USD 2.2 billion is unsecured. 3 projects under construction and advanced planning

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.

Start FinishNavigation + ++ +