Israel Corp Q2 2022 Results Presentation

August 16, 2022

Translation and Forward-Looking Statements

Convenience Translation

  • The financial information found in this press release is an English summary based on the original Hebrew financial statements and is solely for the convenience of the reader. The binding version is the original financial statements in Hebrew.

Forward Looking Statements

  • This press release may contain forward-looking statements, which may not materialize and are subject to risks and uncertainties that are not under the control of IC, which may cause actual results to differ materially from those contained in the disclosures.

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About Israel Corp

  • Israel Corporation Ltd. (TASE: ILCO) ("IC") is a reputable public investment company, which owns and invests in high quality companies with established managements and go-to markets.
  • In November 2019, IC announced its updated strategy, IC plans to expand its portfolio through new investments.

• IC current core holdings include c.44% stake in ICL Group (NYSE:ICL, TASE:ICL), a c.24% stake in the Bazan Group (TASE:ORL) and c.18% stake in AKVA Group (OB:AKVA). IC is publicly traded on the Tel Aviv Stock Exchange under the ticker ILCO and is included in the TA-35 index.

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About Israel Corp - Recent News

  • On April 17, 2022, IC engaged in an agreement with the Hagag Group Real Estate Entrepreneurship Ltd. for the sale of shares of Bazan Group, pursuant to the agreement and subject to its conditions precedent*. IC has undertaken to sell 16.687% of Bazan's issued share capital.
  • Immediately after the completion of the transaction, IC Board of Directors intends to distribute, as a cash dividend, 50% of the transaction proceeds subject to any law and to the criteria for the distribution of a dividend.

* For more details, please refer to IC immediate report dated April 17, 2022

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Selected Financial Figures for Q2 2022

  • IC announced today its second quarter results for the period ending June 30, 2022.
  • As a holding company, the financial results of IC are mainly affected by the results of its held companies. For more details see detailed financial report.

$m

Q2/22

Q2/21

IC share in ICL profit

248

64

IC share in Bazan profit

14

23

Amortization of excess cost

(2)

(2)

Impairment of Bazan investment

(29)

-

Financing, G&A and other expenses at IC headquarter level

(15)

(19)

Tax expense of IC headquarters

(4)

-

Net profit to company's shareholders

212

66

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ICL – Israel Corporation Limited published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 16:33:00 UTC.