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Investor Presentaiton

Historical Cash Flow (NIS bn) $1.9 $1.8 6.5 6.5 6.5 $1.5 6.3 5.6 4.8 5.0 $0.8 $0.7 2.8 2.2 (1.3) ($0.4) $0.2 0.6 (1.2) ($0.4) (3.8) (4.8) ($1.3) (5.2) ($1.1) (6.3) ($1.6) ($1.8) $0.1 $0.1 0.4 0.4 חברת החשמל Israel Electric (0.1) (0.7) (1.3) (1.5) ($0.2) ($0.4) ($0.4) 2019 Operating activities 2020 2021 2022 Q1.2022 Q1.2023 (2) Investment activities, net (1) Financing activities - Total Liquidity Generating sufficient cash flow from operations enables IEC to decrease debt, preserving a sound liquidity position Source: IEC's Financial Statements for 2018FY-2022FY and for Q1.2023 1. Investment activities excluding repayment (or deposits) of bank deposits. 2. IEC defines "liquidity" as cash and cash equivalents, short term investments and available credit facilities. Financial Figures denote USD figures at USD/NIS average exchange rate of 3.56, 3.44, 3.23, 3.36, 3.20 and 3.54 for 2019FY,2020FY, 2021FY, 2022FY, Q1.2022 and Q1.2023, respectively. Investor Relations 29
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