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Investor Presentaiton

Demand for Electricity (MW) 14,000 12,000 חברת החשמל Israel Electric National Electricity Peak Demand & Total Electricity Produced in the Entire Sector 10,000 7.6% Average Annual Growth Rate 2.8% Average Annual Growth Rate 8,000 Trends (TWh) 75 The demand for electricity in 70 Israel is growing at a fast and steady pace 65 Demand is driven by both 60 population growth and the 73 73 74 increase in electricity 67 68 70 55 consumption per household 65 6,000 64 62 61 58 60 50 Noga's demand forecast, 4,000 2,000 -Multiplied by 3.7 in 31 years 54 including Covid-19 effects 45 and the expected demand from electric vehicles, 40 anticipates an average annual 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Total Electricity Produced in the Sector National Electricity Peak Demand Seasonality in Electricity Demand - Average Consumption of Households increase of 3.1% in the years 2022 to 2027 (kWh) 1,000 800 600 400 200 0 Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 ■Base Q4- Q1- Q2- Q3- Q4- 2020 2021 2021 2021 2021 Heating Cooling Source: IEC's Annual Financial Statements (1990FY-2021FY), IEC's Statistical data, The Electricity Authority - Report on State of Electricity Sector Year of 2021 Investor Relations 41
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