Investor Presentaiton

GCA Financial Targets for Government Companies חברת החשמל Israel Electric Ratios Targets As of 09/30/2022 FFO (1) to adjusted financial debt ratio Short term 11% to 18% Long term 15% to 23% 7% FFO (1) plus interest to interest ratio Greater than 3 3.56 Return on capital employed (ROCE) ratio 4.2% in the short term 5.4% 1. FFO is based on calculation of the EBITDA before normalization while neutralizing the change in liabilities with respect to employee benefits (from cash flow report) and other expenses (revenues), net, less interest and taxes paid (from cash flow report). Source: IEC's Financial Statements for 9M.2022 and a letter regarding the financial targets for Government Companies, circulated by the GCA on November 17, 2021 and approved by the IEC's Board of Directors. Investor Relations 11

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