Investor Presentaiton
Key Investment Highlights
חברת החשמל
Israel Electric
Essential
Service Provider
Natural Gas
Fuel
Independence
IEC is an essential service
provider of electricity in Israel
and the sole vertically
integrated provider in the
electricity chain
⚫ Natural gas from Tamar,
Leviathan and other significant
natural gas discoveries in
Israel have paved the way
towards potential fuel
independence
Owned by the
State of Israel
Appx. 99.85% owned
by the State of Israel
(A1/AA-/A+)
AN
חברת החשמל
Israel Electric
Rated investment grade by both
S&P (BBB) and Moody's (Baa2)
IEC total liquidity (1) of NIS 6.5 bn
as of December 31, 2020
Robust Growth in
Electricity Demand
Strong electricity demand
growth in the Israeli market
• Tariff is based on costs and
return on equity
⚫ Set by the Electricity Authority
Fully Regulated
Across all Segments
Continuous improvement of
efficiency & reliability
⚫IEC has over 98 years of experience in
developing and managing the electricity
sector in Israel
Financial
Robustness
1) Source: IEC Financial Statements for 2020FY.
IEC defines "Liquidity" as cash and equivalents, short term investments and available credit facilities.
Investor Relations
7
Efficiency and
ReliabilityView entire presentation