2013 has been an excellent year both domestically and internationally, for all Arison Investments companies.
In finance, Bank Hapoalim reached $6 billion in market cap (2/2015), maintaining strong profitability with returns on equity of 9.9% (9/2014) and total capital adequacy in excess of 14%. The bank showed consecutive highest net profit for the past 10 quarters within the Israeli banking sector, and in the past five years (2009-2013) 15% net profit CAGR of approx $743 million (2013).
Real estate and infrastructure company Shikun & Binui reached $845 million in market cap (2/2015), with net profit $112 million (2013), net income of $1.8 billion (2013), and backlog of $2.6 billion (9/2014), generating strong shareholder return with $327 million cumulative cash divident (since 2009). In the past five years (2009-2013) 34% net profit CAGR and 7% revenues CAGR.
Miya urban water efficiency solutions (private company wholly owned by Arison Investments), won a mega 10-year project estimated at $90 million in the Bahamas, leading to savings of 20 million liters (4.4 million gallons) of potable water daily within five years. The signing ceremony was held in the presence of the Bahamas Prime Minister. Miya’s established project in Manila saves 768 million liters (200 million gallons) of potable water daily, reducing NRW half (from 64% in 2008 to 39% in 2013) and brouging fresh water to some 2.6 million residents for the first time. Miya is currently bidding for projects in Brazil, Jamaica, Puerto Rico, Vietnam, and more.
In the salt industry, Salt of the Earth (private company wholly owned by Arison Investments) continued to lead the Israeli market in salt production, and also holds 1.3% of Bank Hapoalim's shares.