Mivne Real Estate K D : Capital Market Presentation

Mivne

Capital Market Presentation

September 30

2022

About Mivne

Israel's leading real estate company in the development, purchasing, construction and management of structures intended for offices, industry, logistics, commerce, and residential purposes, for rent or sale.

	5.9		6.94%		7.7		1.1
		billion NIS				billion NIS			billion NIS
		Value of unpledged	Average	Equity attributed		Cash and credit
		assets	asset capitalization	to shareholders		frameworks
				rate
		AA	754,840		44.4%			100%
		and Aa2
		Thousands shares
		Company rating by	Issued and paid-up	Ratio of debt to CAP		Public holdings
		stock capital, less
		S&P and by Midroog,
		shares held
		respectively
		by subsidiary
								Data as of September 30 2022
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Mivne		Mivne Group | Capital Market Presentation September 30 2022

About Mivne

94.2%			564		1.6	13
		million m2		billion NIS
Occupancy in Israel		Number of cash-	Cash-Generating		Value of investment
		generating properties	Properties		property
			in Israel	in Israel
2,935		1,790		741,000	1.1
		m²		billion NIS
Tenants in Israel		Housing units in	Land reserves and		Value of investment
			advanced	unused rights		property under
			construction and			development
			planning stages

The Company has a dividend distribution policy for 2022 totaling 240 million NIS but not exceeding 50% of the Company's total yearly FFO, reflecting a yearly dividend yield of 2.7%.

		Data as of September 30 2022
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Mivne	Mivne Group | Capital Market Presentation September 30 2022

Cash-generating properties in Israel as of September 30 2022

Including data of associates (expanded consolidated)

Industrial and logistics

4.6 billion NIS

(1,009,000 m², 27.2 NIS per m2 on average rental fees)

Shopping Complexes

2.4 billion NIS

Total	(206,000 m², 71.2 NIS per m2 on
average rental fees)

11.7 billion NIS

Rental housing

0.3 billion NIS

(13,000 m²)

(1,639,000 m²)

Offices

4.4 billion NIS

(411,000 m², 51.9 NIS per m2 on average rental fees)

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Mivne	Mivne Group | Capital Market Presentation September 30 2022

FFO from Cash-Generating Properties (in Millions of NIS)

FFO by quarterly cross-section

The Company has revised its FFO forecast for 2022 to 525-540million NIS From 500-520million NIS as of the publication date of the June 30 2022 Statements

+49%	Forecast
update
+18.9%
	+13.9%

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Mivne	Mivne Group | Capital Market Presentation September 30 2022