Investor Presentaiton

Balance Sheet (NIS millions) (NIS millions) חברת החשמל Israel Electric Assets 12/31/2022 03/31/2022 03/31/2023 Liabilities and Equity 12/31/2022 03/31/2022 03/31/2023 Current assets Current liabilities Cash and cash equivalents 3,654 1,390 1,801 Credit from banks and other credit providers 5,360 5,241 5,052 Short term investments 459 247 473 Trade payables 3,807 2,922 3,342 Trade receivables for sales of electricity 4,702 5,080 5,238 Other current liabilities 1,365 1,324 1,484 Other current assets 886 882 1,100 Customer advances, net of work in progress 834 799 824 Inventory - fuel 2,412 1,449 1,966 Provisions 684 706 675 Inventory stores 166 133 170 Total current liabilities 12,050 10,992 11,377 Assets of disposal groups classified 165 1,866 as held for sale Total current assets 12,279 9,346 12,614 Non-current liabilities Debentures 30,791 25,659 30,734 Liabilities to banks 3,546 5,336 3,567 Liabilities with respect to other benefits after Non-current assets 5,374 5,944 5,245 employment termination Inventory fuel 1,413 1,570 1,310 Deferred taxes, net 8,051 7,747 8,205 Long-term receivables 2,111 2,375 1,938 Liability to the State of Israel 1,876 1,816 1,899 Investment in associates 13 11 23 Lease liabilities 460 519 476 Assets with respect to benefits after 11,000 10,368 11,164 Other liabilities 514 480 510 employment termination Fixed assets, net 59,611 Intangible assets, net 1,153 58,866 1,158 58,679 1,156 Total non current liabilities Equity 50,612 47,501 50,636 32,171 30,560 32,614 Total non-current assets 75,301 74,348 74,270 Debit balance of regulatory 11,384 9,156 11,709 deferral accounts Credit balances of regulatory deferral accounts and deferred taxes with respect to regulatory deferral accounts 4,131 3,797 3,966 Total assets and debit balance of regulatory deferral accounts 98,964 92,850 98,593 Total liabilities, equity and credit balance of regulatory deferral accounts 98,964 92,850 98,593 Source: IEC's Financial Statements for Q1.2023 Investor Relations 41

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