Investor Presentaiton
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Debt and NAV - December 31, 2022
Debt*
As of December 31, 2022, total financial liabilities* were
$1,132 million, and investments in liquid assets amounted
to $982 million of which $8 million are pledged deposits.
Net debt as of December 31, 2022, totaled $179 million.
The net debt includes the fair value of derivatives
transactions, which increases the economic value of the
financial liabilities by $10 million, and the fair value of the
Bazan call options** which increases the economic value
of the financial liabilities by $19 million. As of September
30, 2022, the net debt* was $234 million.
Net debt YoY:
1,200
1,000
800
951
Net Assets Value
$m
Assets
ICL (~567m shares, market value*)
Bazan (~234m shares, market value**)
AKVA Group (~6.6m shares, market value*)
Total Public Assets
IC's Net Debt
Total Assets, net
31/12/2022
4,101
64
39
4,203
179
4,024
600
400
200
31/12/2021
179
31/12/2022
* Israel Corp and its wholly owned controlled headquarter companies.
***
Relating to options granted to qualified investors as part of the November 2021 9% share
sale and to options granted to Petrochemical Group as part of the Bazan ~16.7% stake sale in
September 2022..
israel corp
* As of December 29, 2022, for ICL and December 30, 2022, for AKVA Group
***
Based on the exercise price of agreed by the company with the call option purchasers on
February 9, 2023.
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