Shikun & Binui Ltd.

SKBNTASEIL0010819428₪10B

Investment Thesis

Generates revenue from infrastructure and building contracting, residential and commercial real estate development and leasing, and long-term concessions structured as PPP/BOT/PFI projects. Also earns revenue from electricity generation projects and a small environmental services activity.

Geographic Exposure

Israel72.32%

United States21.87%

Central and Eastern Europe4.53%

West and East Africa1.29%

Central and South America0%

Revenue Drivers

Israel infrastructure & building contracting

Civil infrastructure and building contracting, including materials production and EPC work.

CORE29.3%

US infrastructure contracting

Large infrastructure construction projects for public and private contracting authorities.

SIGNIFICANT22.1%

PPP/BOT concession projects

Finance, develop, and operate long-term infrastructure concession assets.

SIGNIFICANT20.8%

Israel real estate development

Residential development for sale and income-producing properties and long-term rentals.

SIGNIFICANT20.5%

Overseas real estate development

Residential and income-producing real estate development activity.

PERIPHERAL4.6%

Energy generation projects

Develop, own and operate power generation projects, mainly renewable and gas-fired.

PERIPHERAL2.3%

Overseas contracting (excluding US)

International civil infrastructure and building contracting projects.

PERIPHERAL1.3%

Environmental services (Elkon)

Treatment and purification of industrial wastewater, sludge and hazardous waste.

PERIPHERAL0.3%

End Markets

Government ministries and public authorities
Infrastructure owners and utilities
Residential homebuyers
Commercial and retail tenants
Industrial plants and hazardous-waste generators

Specializations

PPP (Public-Private Partnership) project structuresBOT/DBOT/PFI concession modelsEPC (Engineering, Procurement and Construction) contractingElectromechanical contracting and systems integrationOperation and maintenance (O&M) services for long-term assetsConstruction input materials manufacturing (concrete and asphalt)

Activities

Project development and planning
Construction contracting and EPC execution
Manufacturing and supply of construction materials
Operation and maintenance of concession and energy assets
Project finance structuring and long-term asset management