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Investor Presentaiton

Historical Cash Flow (NIS bn) חברת החשמל Israel Electric $1.8 $1.9 $1.6 6.5 6.5 6.5 $1.5 5.8 5.6 5.6 4.8 5.0 $0.8 2.6 $0.5 0.6 $0.3 $0.1 1.0 0.2 (0.9) (1.3) (1.2) ($0.4) ($0.4) (2.6) (2.9) ($0.3) (3.1) (3.3) ($0.8) ($0.9) ($0.9) ($0.9) (4.8) (5.2) ($1.3) (6.3) ($1.6) ($1.8) 2018 Operating activities 2019 2020 Investment activities, net (1) 2021 H1.2021 H1.2022 (2) 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-2021FY and for H1.2021, H1.2022. 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 3.59, 3.56, 3.44,3.23, 3.27 & 3.27 for 2018FY, 2019FY,2020FY, 2021FY, H1.2021 & H1.2022 respectively Investor Relations 27
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