EX-99 2 exhibit_99-1.htm EXHIBIT 99.1

Exhibit 99.1

Disclaimer
General:
The information contained in this presentation is subject to, and must be read in conjunction with, all other publically available
information, including our Annual Report on Form 20-F for the year ended December 31, 2012 and the Semi-Annual Report as at June 30,
2013, and other filings that we make from time to time with the SEC. Any person at any time acquiring securities must do so only on the
basis of such person’s own judgment as to the merits or the suitability of the securities for its purpose and only based on such information
as is contained in such public filings, after having taken all such professional or other advice as it considers necessary or appropriate in the
circumstances and not in reliance on the information contained in the presentation. In making this presentation available, we give no
advice and make no recommendation to buy, sell or otherwise deal in our shares or in any other securities or investments whatsoever. We
do not warrant that the information is either complete or accurate, nor will we bear any liability for any damage or losses that may result
from any use of the information.
Neither this presentation nor any of the information contained herein constitute an offer to sell or the solicitation of an offer to buy any
securities. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933,
as amended, or an exemption therefrom. No offering of securities shall be made in Israel except pursuant to an effective prospectus under
the Israeli Securities Law, 1968 or an exemption from the prospectus requirements under such law.
Historical facts and past operating results are not intended to mean that future performances or results for any period will necessarily
match or exceed those of any prior year.
This presentation and the information contained herein are the sole property of the company and cannot be published, circulated or
otherwise used in any way without our express prior written consent.
Information Relating to Forward-Looking Statements:
This presentation contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than
statements of historical facts, included in this presentation regarding our plans and the objectives of management are forward-looking
statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are
intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Israeli
Securities Law, 1968. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and
you should not place undue reliance on our forward-looking statements. Various important factors could cause actual results or events to
differ materially from those that may be expressed or implied by our forward-looking statements. These risks and uncertainties associated
with our business are described in greater detail in the filings we make from time to time with SEC, including our Annual Report on Form
20-F. The forward-looking statements are made as of this date and we do not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events or otherwise.
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Ellomay operates in the energy and
infrastructure sectors, including
renewable and clean energy, and
exploits attractive yield to risk
ratios.
Ellomay is controlled by Mr. Shlomo
Nehama, Mr. Hemi Raphael and
Mr. Ran Fridrich.

Ellomay is an Israeli based company whose shares are listed on the
NYSE MKT (“ELLO”).
Ellomay’s equity as of June 30, 2013 is approximately US$ 96.4
million.
Ellomay’s market cap, as of October 2013, is approximately US$ 112
million (US$ 10.5 per share).
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Ellomay’s Growing Market Cap

Ellomay’s Structure and Activities
13 PV plants in Italy and
Spain***, with an aggregate
capacity of approximately
25MW
The public
Shlomo Nehama
Kanir Partnership
* Mr. Shlomo Nehama owns the shares of Ellomay directly and indirectly. A shareholders agreement was signed between Kanir partnership and the
company controlled by Shlomo Nehama.
** Kanir partnership is controlled by Mr. Ran Fridrich and Mr. Hemi Raphael . The holdings of Kanir Partnership includes 1.1% and 4.3% held by Ran
Fridrich and Hemi Raphael respectively, as well as 3.8% held by the Mor brothers directly and indirectly (through Bonstar).
*** Ellomay owns 85% of the Spanish PV plant (with the aggregate capacity of 2.3MW).
27.2%
35.2%**
37.6%
Shareholders’ Agreement *
100%
7.5%
Dorad Energy
Dorad is expected to be Israel's largest
private power plant (approximately
800MW, approximately 6% of Israel
electricity), and is currently under final
stages of construction. The cost of Dorad
is estimates at US$1.2 billion. The power
plant is bi-fuel and will be powered by
natural gas.
10%
Itzchak License
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The Photovoltaic Market in a Nutshell
Photovoltaic systems perform a direct conversion of solar power into electricity (unlike
thermo-solar systems, in which the solar energy heats fluid into steam that activates a
turbine that generate electricity).
The solar resource is unlimited and free (the sun).
The technology has been in use for decades, it is considered efficient and extremely
stable, and does not require significant maintenance throughout the lifetime of the
system.
In order to promote the implementation of green energy facilities, different countries
choose different methods to incentivize the industry: tax benefits, feed in tariff (FIT),
grants, subsidized loans, etc.
Italian PV Market
The Italian government adopted the European most common incentive scheme in
Europe - Feed In Tariff (FIT). The energy authority in Italy (GSE) pays in a long-term
nominal rate per every kilo-watt hour that is produced by a PV plant. The rate varies
based on the connection date and on the size of the plant. This payment is in addition to
the selling price of electricity, which has a minimum guaranteed rate (depends on the
amount of electricity produced in each Italian plant).
The FIT is guaranteed for 20 years, starting at the connection date.
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The Global PV Market
The cumulative global PV capacity at the end of 2012 was 102 GWp, out
of which 70 GWp are in Europe and 17 GWp are in Italy alone.
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Why Italy?
Italy has high levels of
radiance in European terms
(1200-1600 kWh/kWp)
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PV Plant in Spain - 2.276 MW*
* Ellomay owns 85% of the plant.
10

Growing Capacity of Ellomay’s PV Portfolio
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Dorad Energy
Ellomay holds indirectly 7.5%
interest in Dorad, and an option to
purchase additional interest of
approximately 1.9%.
Dorad is expected to be the largest
private power stations in Israel, with
installed capacity of approximately
800 MW. The station is bi-fuel and will
be powered by natural gas.
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Dorad Energy
Electricity will be sold directly to end-users and to the national
distribution network at competitive rates.
The station, that was declared a national infrastructure project by the
Israeli Prime Minister, is currently under final stages of construction
and is scheduled to commence operation at the end of 2013.
Ellomay has invested approximately NIS 81 million (i.e. approximately
US$ 24.7 million) in the project as of June 30, 2013.
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Consolidated Statements of Financial Position
(US$ in thousands)
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*Due to negative goodwill
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Financial Ratios
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* Debt to Assets Ratio is calculated by dividing the Total Liabilities
by the Total Assets
** Working Capital is calculated as Current Assets minus Current
Liabilities
*** Current Ratio is calculated by dividing the Current Assets by the
Current Liabilities.

Thank you
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