Big Shopping Centers (BIG) Capital Market presentation summary

Strategic focus and portfolio composition

• Emphasizes long-term property holding, focusing on cash flow improvement and effective management.

• Concentrates on three main segments: residential for rent (mainly outside Israel), offices, and commercial projects.

• Develops mixed-use projects combining commercial, office, residential, and assisted living facilities.

• Real estate value is diversified: 51% in Israel, 19% in Serbia & Montenegro, 14% in Romania, with commercial assets making up 58% of the portfolio.

Financial performance and growth

• Shareholders' equity grew from NIS 2,494 million in 2015 to NIS 13,381 million by March 2026.

• Yielding GLA increased from 1,155k sqm in 2018 to a projected 3,375k sqm by 2029.

• Investment property fair value rose from NIS 8,887 million in 2018 to a projected NIS 36,825 million by 2029.

• NOI and AFFO show consistent growth, with NOI projected to reach NIS 2,527 million and AFFO NIS 1,348 million by 2029.

Operational highlights and property performance

• Same-property NOI in Israel grew by 4.3% year-over-year, excluding the impact of Operation 'Roaring Lion'.

• AFI Properties' same-property NOI in Israel increased by 11.3% year-over-year.

• Turnover in Israel for Q1 2026 decreased by 0.9% compared to Q1 2025, but sales per sqm in May 2026 grew by about 21% year-over-year.

• New contracts in Israel for 2026 show a 5.7% increase in average rent per sqm for anchor tenants and 6% for non-anchor tenants.