Disclaimer The following presentation was prepared by Meitav Dash - PowerPoint PPT Presentation

Disclaimer • The following presentation was prepared by Meitav Dash Investments Ltd. (hereinafter: the “ Company ” ) and is intended for institutional investors only. This presentation does not comprise an opinion, suggestion, recommendation or purchase consultation / marketing and / or holding and / or sale of securities and / or financial assets (including the Company's securities and / or any of the Companies of the Meitav Dash Group's issued financial assets). This presentation is not a substitute for investment consultation / marketing or pension consultation / marketing that takes into account each person's specific needs. This presentation is intended only for delivery and presentation of the information provided and its presentation does not replace the need to review reports published by the Company to the public. • The following is the opinion of the authors alone, and reflects their understandings at the time of the presentation. The information, details and analysis set forth in this presentation, including the views expressed, may change without further notice. • The occurrence of certain matters discussed in this presentation, including projections, objectives, assumptions, estimates and any other information relating to future events and / or matters, is uncertain and is not under the Company's control. Information relating to a forecast of the Company's revenues and profitability, is all forward-looking statements, as it is defined by the Securities Law, 1968, and is based on the subjective assessments of the Company ’ s management based on data and information that the Company had at the presentation's time of preparation. The realization or non- realization of forward-looking statements will be affected, among other things, by risk factors characterizing the Company's activities of the , developments in the general environment and external factors affecting the Company's activities, which cannot be estimated in advance and are not under the Company's control. The results of the Company ’ s activities may be materially different than the estimated or implicit results stated in this presentation. • For details concerning the consequences of the Corona virus, see slide 4 of this presentation, section 1.2 of the Board of Directors' Report and Note 1.B of the Financial Statements for the first quarter of 2020. 2

I.D. Meitav Dash Experience , professionalism and fairness Market Shareholders Value are leading Meitav Dash for over 40 years . Equity 859 859 609 609 Our goal is to provide quality service and invest the savings and finances of over a million customers in a responsible and NIS Million NIS Million transparent way. As at 31/03/2020 As at 31/03/2020 Bond AUM* Maya BRM Free Employees Rating Holdings Finance Float 124 124 A1 3% 28% 29% 40% NIS Billion As at 31/03/2020 Maya Holdings is controlled by Mr. Avner Stepak As at 24/05/2020 BRM is controlled by Mr. Eli Barkat *As at 31/03/2020 AUM amounted to NIS 116 billion 3

Corona Virus Effects Positive effects Negative effects Company's actions • • • Increased revenue from Trade & AUM in the first quarter decreased to NIS Operational: reduction in expenses in 116 Billion. As of the date of releasing the Institutional Brokerage response to the expected decline in • Increased revenue from market financial statements the AUM amounted to revenue • NIS 124 Billion making in ETFs Cash Flow: expansion of series D • • Accelerating digital activity The company recorded an impairment debentures by NIS 112 million. • Increased operational efficiency loss of NIS 14 million in the provident & Freeze dividend distribution policy in • Investment opportunities and new pension funds activity Q4 2019 and Q1 2020 • • product launches Increased provisions in credit activities Opportunity: share buyback up to NIS 25 million 4

Range of Products and Services Asset Management & Trade Credit & Fintech Activities Peninsula Long Term Savings SME Credit in Israel Provident, Study and Pension Funds Lotus Investment Group Short Term Savings SME Credit in Ireland Mutual Funds, ETFs and Portfolio Management Meitav Dash Loans Consumer Credit in Israel Trade & Brokerage Fintech & Alternative Foreign Funds Distribution Investments: Liquidity Capital • Insurance Agencies Reigo • Pagaya • 5

AUM UM Portfolio Portfolio Management Management 17.9 19.1 124 116 Provident Provident Funds, Funds, Study Mutual Funds Mutual Funds Study Funds and 23.8 25.0 Funds and Pension NIS Pension NIS Funds Funds Billion 51.6 Billion 54.6 ETFs & Tracking Funds ETFs & Tracking Funds 22.6 25.2 As at 31/03/2020 As at 24/05/2020 6

Selected Financial Data Q1 2020 Revenues Normalized EBITDA SME Other Credit- Other 1% Trade & Peninsula SME Credit - 7% Brokerage Peninsula 10% 9% 15% Trade & 71 239 Brokerage 15% Long Term Savings NIS NIS Long Term (LTS) Savings 32% Million (LTS) Million 24% Short Term Savings (STS) Short Term Savings 37% (STS) 50% Other = Lotus, Insurance Agencies, Global Markets, Meitav Dash Loans, Alternative Investments, Nostro and other activities 7

Selected Financial Data Q1 Q4 Q1 2019 2020 2019 2019 239 232 934 Revenues* 246 184 191 718 Expenses 181 70 56 279 EBITDA 80 71 65 291 Normalized EBITDA 80 13 14 96 Profit for the period 32 9 8 78 Profit attributed to the shareholders 29 EBITDA Q1 2020 30 Profit before tax Depreciation and 36 amortization 4 Financing expenses, net 70 EBITDA *Including Nostro. In NIS Million 8

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Long-Term Savings (LTS) Market Share AUM 8.1 8.1% 20.4 20.4 Provident Funds 51.6 51.6 Study Funds 19.8 19.8 NIS Billion 11.4 11.4 Pension Funds As at 31/03/2020 • The largest pension fund among the selected Q1 2020 Q4 2019 Q1 2019 2019 pension funds in MOF tender, with assets of 51.6 57.2 53.5 57.2 AUM in NIS Billion over NIS 11.4 billion • High ranking in investment performance over the 77 81 79 318 Revenue in NIS Million past year Annualized Management 0.56% 0.57% 0.60% 0.58% • Recorded an impairment loss of NIS 14 million in Fees the provident & pension funds activity Operating Profit 14 6 10 44 in NIS Million 10

Short-Term Savings (STS) AUM AUM ETFs & AUM Portfolio Mutual Funds Tracking Funds Management 17.9 17.9 23.8 23.8 22.6 22.6 NIS Billion NIS Billion NIS Billion As at 31/03/2020 Q1 2020 Q4 2019 Q1 2019 2019 • The largest mutual fund company in Israel with wide 64.3 78.7 75.7 78.7 range of products including traditional mutual funds, AUM in NIS Billion tracking funds and ETFs 88 85 86 342 Revenue in NIS Million • Meitav Dash Manager - Digital Portfolio Management ( “ Robo Advisor ” ) from NIS 25,000 Operating Profit 37 26 31 117 in NIS Million 11

Trade & Brokerage Of the trading Customer Assets 14.7 14.7 8.4% 8.4 turnover in shares and bonds on the Tel Aviv Stock Exchange NIS Billion As at 31/03/2020 • The leading non-bank TASE member Q1 2020 Q4 2019 Q1 2019 2019 • New client recruitment in Q1 2020 tripled relative to Revenue 35 24 31 104 the average of 2019. in NIS Million • Advanced trading system and mobile app for Operating Profit 8 7 11 35 in NIS Million opening a digital account enabling a quick and efficient onboarding process as well as advanced trading tools 12

Peninsula - SME Credit 22.6 35.7% 37.8% 18.5 34.3% 32.8% 14 22.5% 13.4 25% Net income 10.2 /revenue 8.4 8.1 7 4.8 4.4 2.3 2.1 Revenue Net Profit Q1-2015 Q1- 2016 Q1- 2017 Q1- 2018 Q1- 2019 Q1- 2020 13

Alternative Investments Liquidity is a Fintech company that has developed advanced systems for continuous underwriting of technology companies, which are based on real-time analysis of their business operations with an innovative financing model of acquiring future cash flows from these companies. Liquidity manages a $ 75 million investment fund, based on its model. In addition, Liquidity is examining the use of the software that was developed in additional investment activities and has received offers from foreign fund managers of various types who wish to implement the system in their field . Liquidity is in preliminary contacts with international investors to carry out a round of capital raising. Such capital raise, if it occurs, may add significant value to the company and generate considerable accounting profit if the company will lose control in Liquidity . The company does not expect to sell shares in the capital raise. The information regarding the Company's assessment of the apparent collaborations and the execution of the equity round is forward-looking information based on the Company's assessment and there is no certainty of their realization. The deterioration of global capital markets may adversely affect the Company's estimates 14

Alternative Investments Pagaya Specializes in retail credit in the US using unique technology Reigo Specializes in providing collateralized loans for the purchase of US real estate properties using a unique big data algorithm to minimize risk Emerald 3 Specializes in the core areas of Lotus Investment Group: providing credit backed by a first lien for the construction of land-linked residences, financing yielding properties including properties and land for rapid improvement in major urban locations with a focus on Greater Dublin 15

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