November 2007
Disclaimer The company's presentation is intended for institutional investors and underwriters only. The presentation does not constitute an offer to purchase the company's securities and was strictly intended to provide information only to institutional investors and underwriters. Any forecast and/or statement regarding the future, which is included in this presentation, are not a matter of fact but rather based on the evaluation of the company's management, at its discretion. At the same time, these forecasts and/or statements are based on the company's expectations at the date of the presentation and inherently hold in store a number of uncertainties and risks that should be considered. Consequently, it should be noted that the actual results may differ substantially from the expectations in those forecasts and/or statements referring to the future, as a result of various factors. In addition, forecasts and/or statements relating to the future are referring to the date of this presentation only and the company is under no obligation to update or alter any forecast and/or statement relating to the future to reflect events or circumstances occurring after the date of this presentation. 1
Operating Global Conglomerate Market Cap of 21. 0 billion NIS – 6 th largest on the TASE 13 Public companies traded in Israel and worldwide Main Shareholders: Leviev – 74. 94% Free Float – 25. 06% Credit Rating: Maalot (S&P Affiliation): AA Midroog (Moody’s Affiliation): Aa 2 ISRAEL AMERICA Russia & CIS Europe Asia 2
Business Areas Africa Israel Investments Ltd. Construction & Infrastructure Energy Related Industries Financial Services Residential Commercial Offices Petrol stations Steel Other Business Areas Commercial Light Railway Refineries Ceramics Offices Private Prison Real Estate Hotels Roads & Bridges Telecommunication & Media Retail Oil pipelines Asphalt Greenhouses Tourism & leisure Fashion 3
The Corporate Value Triangle Entrepreneurship, Innovation, Business Assets Financing capabilities Entrepreneurship, Innovation, Business Assets 4
Global Presence – (2007) Europe (East & Center) Czech Republic Germany Hungary Bulgaria Romania Latvia Poland Serbia North America USA Canada Latin America Panama Russia Kazakhstan Ukraine Asia China India Philippines Thailand Israel Argentina Real Estate Russia &CIS Construction & Infrastructure Energy . Related. Industries Other Business 5
Corporate Strategy Building Blocks The Business Matrix Global Expansion while maintaining a strong and meaningful presence in Israel Focus on large Scale Projects Leveraging core competencies by Active Corporate involvement Build up sustainable net income on a solid basis 6
Financial Snapshot 2006 2005 5, 386 4, 876 4, 258 3, 152 Gross Profit 633 1, 498 1, 424 724 Operating Profit 558 1, 433 1, 377 686 Net Earnings 4, 007 844 649 406 Total Assets 38, 504 18, 778 15, 535 10, 716 NIS Millions Revenues Q-3/2007 2004 7
Total Assets (NIS Millions) 8
Revenues (NIS Millions) 9
Net Profit (NIS Millions) 10
Share Price Performance Since 2002 1, 010% 352% 253% 103% 2% Dividends Distributed Million NIS 2002 191 2003 137 2004 2005 2006 2007 180 200 360 11
Market Cap (NIS Millions) Publi c Onl y AFIL‘S Share AFRICA ISRAEL Value to AFIL (20. 11. 07) 21, 630 AFI Development 71. 7% 17, 047 Africa Israel Properties 69. 9% 2, 544 Africa Israel Residences 74. 9% 976 Danya Cebus 74. 8% 1, 081 Africa Israel Hotels 86. 1% 337 Africa Israel industries 67. 5% 323 Alon 26. 1% 2, 415 Net Debt 30. 9. 07 (7, 549) 12
Business Areas – Real Estate World Wide Residential Hotels Real Estate Commercial Offices ISRAEL AMERICA Russia & CIS Europe Asia
Real Estate- Russia & CIS AFI Development : Public company traded on the LSE 71. 70% held by Africa Israel Investments Market Cap of 15. 3 billion NIS Since 2001 Portfolio Inc. 27 projects Land Bank of 3. 9 million sq m Over 1. 2 million sq m currently under construction Focus on mega real estate projects incl. Residential Offices Commercial (Shopping Malls) Hotels Infrastructure 14
Real Estate - Russia & CIS Tverskaya Shopping Center 71, 000. sq m Tverskaya Zastava Plaza I 63, 000. sq m Ozerkovskaya Embankment 90, 000. sq m Tverskaya Zastava Plaza II 100, 000. sq m Otradnoye (Odinzovo) 490, 000. sq m Moscow City Center Core 110, 000. sq m Four Winds 41, 000. sq m 15
Russia & CIS - Moscow City - Shopping Centre Located in the heart of Moscow comprises over 111, 000 sq m of retail and leisure space Expected completion by Q 1 2009 16
Russia & CIS - Tverskaya Zastava 8. 1 hectares in the Tverskoy district close to Belorussky station and 3 km from the Kremlin Over 450, 000 sq m of gross leasable/sellable area across seven mixed-use commercial and residential developments Expected to be largest underground shopping centre in Moscow Over 190, 000 sq m of Class A office space across various buildings located in the proximity of the square 17
Russia & CIS - Tverskaya Zastava 18
America Doing business in North America since 2002 Over 3. 0 million sq m under construction US presence: New York, Miami, Los Angeles, South Carolina, Las Vegas Focus on real estate projects incl. Condos and luxury apartments Offices Commercial Hotels 19
North America New York Miami Las Vegas Los Angeles South Carolina Marquiz 108, 000 . sq m 85 Adams 12, 000. sq m 20 Pine 72, 000. sq m Atlantic Court LLC 16, 000. sq m 14 Wall St 100, 000. sq m New York Times 72, 000. sq m 88 Leonard St. 40, 000. sq m Apthorp 42, 500. sq m The clock Tower 26, 000. sq m 20
North America - New York Times This project is a conversion of a historic office building to a class A office building with a retail corridor on the ground and cellar levels. The Times Building is located in the heart of Times Square, between 43 rd and 44 th Street off of Broadway Use: Multi-purpose – Commercial office & retail. Size: 777, 000 SF. Number of Floors: 15 21
North America - The Clock Tower This project is a conversion of a historic office building to a hotel/condo project Located: over Madison Square Park on 24 th Street and Madison Use: Multi-purpose: residential and commercial Size: 275, 000 SF. Number of Floors: 41 Status: Planning 22
North America - The Apthorp This project is a multi-staged conversion of a historic former apartment building Located: in the heart of the Upper Westside, on Broadway, between 78 th and 79 th Street Use: Multi-purpose – residential and retail Restoration: 445, 120 SF. Number of Units: 163 Status: Construction 23
Europe Doing business in Europe since 1998 Over 4 million sq m building rights (total gross), Over 1. 2 million sq m are currently under construction Portfolio now includes 31 projects in 8 countries (Czech Republic, Serbia, Romania, Bulgaria, Germany, Hungary, Poland & Latvia) Focuses on real estate projects incl. Residential (brand name “Tulipa”) Offices Commercial & Shopping Malls (brand name “Palace”) Hotels Business parks 24
Europe Czech Republic Palace Flora 38, 000. sq m Korunni Dvur (253 units & 7, 000. sq m) Broadway Palace 7, 000. sq m Romania Cotroceni Park, Bucharest 194, 000. sq m Pipera Gardens, Bucharest 230, 000. sq m Airport City by Belgrade 120, 000. sq m Malina Gardens – Bulgaria 68, 000. sq m Vitosha Gardens – Bulgaria 18, 000. sq m Serbia Bulgaria 25
Europe Germany North & west Germany 110, 000. sq m Berlin 50, 000. sq m Poland Wilanow One Warsaw Osiedle Europeski Krakow 2, 400 units Latvia Soleville – Riga 2, 350 units Metropolia – Riga 550 units 26
Europe - Cotroceni Park, Bucharest Shopping Centre and 5 office buildings 194, 000 million sq m 50% held by Africa Israel Investments Total cost: 240 million EURO 27
Europe - Airport City Belgrade 28
Asia-Pacific Doing business in Asia pacific since 2005 Philippines Strategic partnership with local real estate company, Filinvest Land, Inc. (one of the largest real estate & financial entities in the Philippines) Focus on real estate projects incl. Residential Offices Commercial Hotels Business parks Business expansion to India and China 29
Asia-Pacific - Timberland - Philippines 30
Israel - Income Producing Properties Africa Israel Properties: Public company traded on the TASE 70% held by Africa Israel Investments Market Cap of 2, 064 million NIS Since 1971 More than 270, 000. sq m incl. 5 shopping malls 3 high-tech industrial parks 5 office towers 31
Israel - Income Producing Properties Industrial Concorde – Bnei Brak 8, 000. sq m Global Park – Lod 21, 000. sq m Park Rehovot 15, 000. sq m Offices Avia – Yehud 2, 600. sq m Government Offices - Tel Aviv 29, 000. sq m Africa House - Tel Aviv 2, 600. sq m Ramat Aviv Mall - Tel Aviv 27, 500. sq m City Centre – Haifa 10, 500. sq m Savionim Mall – Yehud 11, 000. sq m Shopping Malls 32
Israel - Africa Israel Residences Public company traded on the TASE 75% held by Africa Israel Investments Market Cap of 867 million NIS Since 1934 Africa Israel Residences is involved in the innovative development neighborhoods under the prestigious brand name “SAVYONIM” 2007 projects under construction - 23 Land Bank of more than 15, 300 units Ranked Israel’s #1 residential development company for last 10 years 33
Israel - Africa Israel Residences Savyoney Ramat Aaviv Tel Aviv 400 units Sea Gate - Rishon Lezion 463 units Savyon Tower Ramat Gan 151 units Platinum - Ramat Gan 84 units Lev Asavyonim – Petach Tikva 1, 282 units Hanevi’im Court, Jerusalem 102 units 34
Construction & Infrastructure Residential Infrastructure Commercial Construction Infrastructure Industrial Offices BOT & PFI ISRAEL Russia & CIS Europe
Construction & Infrastructure - Danya Cebus Ltd: Public company traded on the TASE 75% held by Africa Israel Investments Market Cap of 818 million NIS Danya Cebus became the Construction and Infrastructure division of the Africa Israel Group The leading construction and engineering company in Israel Danya is active in a diverse range of projects on a global basis The company’s strengths concentrate: Residential Infrastructure – Roads, Bridges Prefabricated Elements Shopping Malls, Office & Commercial Buildings 36
Construction & Infrastructure - Danya Cebus Ltd: Residence Commercial & office Infrastructure Industrial Savyoney Givatiim Power Center Jerusalem Road 431 Keshev -Lod Givat Savion Africa house- Tel Aviv Cross Israel Highway - # 6 Police Headquarters Tel Aviv 37
B. O. T. & P. F. I. Projects Highway # 6 Road 431 Cross-Israel Highway - # 6 Road 431 P. F. I. project – 1. 6 billion NIS Prisons Construction & Servicing Dormitories Hebrew University (Jerusalem) Students Dormitories Light Railway TEL AVIV 22 km of Transportation routes in the metropolis, TEL AVIV 11 Billion NIS 38
Energy Refining Energy Offices Distribution Asphalt BOT & PFI ISRAEL AMERICA
Energy Alon Israel Oil Company Alon Group focused on the energy and retail Sectors. The Goup operate businesses in three segments: (1) USA Energy; (2) Israel Retail; and (3) Israel Energy Dor Alon Energy A nationwide chain of gas stations & convenience stores Alon USA Assets in 6 states in the USA, incl. 1, 700 Fina gas stations, 6 terminals, the Big Spring. Refinery, 1, 150 miles of fuel pipelines and asphalt factories. Alon USA is the largest 7 -Eleven branded licensee with 172 convenience stores 40
Related Industries ISRAEL Russia & CIS Europe
Related Industries - AFI Industries Packer Steel Ltd Packer Steel is the leading steel group in Israel The company recently expanded abroad by acquiring a big industrial property in Russia Negev Ceramics Ltd Israel’s leader in design concepts for both the construction industry and interior design 42
Asset Management ISRAEL
Asset Management Mutual Funds & Asset Management The Company specializes in asset management The Company’s full-service approach enables it to provide its clients with a variety of tailor-made financial packages Assets under management– 2. 4 B NIS (as of Sep. 07) Underwriting The Company is active in advisory, design, management and capital raising. The Company offers a full-scale of financial solutions including private placement, debt offering and IPO. During 2007 the Company completed 70 underwriting offerings 44
Other Business Area
Other Business Area Tourism & Leisure Communications & Media Africa Israel Hotels Ltd. Manages 10 hotels (2, 500 rooms) and 2 recreational sites in Israel and abroad Tadiran Telecom Ltd. Innovative communications solutions Israel Plus Russian speaking TV channel Blue Square Israel Ltd One of the largest Israeli supermarket chains (Co-Op) Retail & Fashion Sea Group Swimwear fashion, designers & manufacturers 46
Thank You AFRICA ISRAEL For Further Information: www. africa-israel. com
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