Exhibit 99.2

Financial Information for the Year Ended December 31, 2019 of Kenon and OPC and

Reconciliation of Certain non-IFRS Financial Information

Table of Contents

Appendix A

Summary Kenon consolidated financial information

Kenon Holdings Ltd and subsidiaries
Consolidated Statements of Financial Position as at December 31, 2019 and 2018

	As at December 31
	2019			2018
	$ millions
Current assets
Cash and cash equivalents		147			131
Short-term deposits and restricted cash		33			50
Trade receivables		39			35
Short-term derivative instruments		-			1
Other current assets		40			41
Asset held for sale		70			70
Total current assets		329			328
Non-current assets
Investments in associated companies		120			161
Long-term deposits and restricted cash		77			49
Long-term prepaid expenses		30			23
Long-term derivative instruments		2			-
Other non-current assets		58			68
Deferred payment receivable		204			189
Deferred taxes, net		2			1
Property, plant and equipment, net		668			635
Intangible assets, net		1			1
Right-of-use assets, net		17			-
Total non-current assets		1,179			1,127
Total assets		1,508			1,455
Current liabilities
Current maturities of loans from banks and others		46			23
Trade payables		36			48
Short-term derivative instruments		6			-
Current tax liabilities		-			7
Other current liabilities		16			12
Current maturities of lease liabilities		1			-
Total current liabilities		105			90
Non-current liabilities
Long-term loans from banks and others		504			488
Debentures		73			75
Deferred taxes, net		79			59
Non-current tax liabilities		29			27
Other non-current liabilities		1			-
Long-term lease liabilities		5			-
Total non-current liabilities		691			649
Total liabilities		796			739
Equity
Share capital		602			602
Translation reserve		18			1
Capital reserve		14			17
Accumulated (loss)/profit		(11	)		29
Equity attributable to owners of the Company		623			649
Non-controlling interests		89			67
Total equity		712			716
Total liabilities and equity		1,508			1,455

1

Kenon Holdings Ltd and subsidiaries
Consolidated Statements of Profit & Loss for the years ended December 31, 2019 and 2018

	For the year ended December 31,
	2019			2018
	$ millions
Revenue		373			364
Cost of sales and services (excluding depreciation)		(256	)		(259	)
Depreciation		(31	)		(30	)
Gross profit		86			75
Selling, general and administrative expenses		(36	)		(34	)
Other expenses		-			(1	)
Other income		6			2
Financing expenses		(30	)		(30	)
Financing income		18			28
Financing expenses, net		(12	)		(2	)
Gain on third party investment in Qoros		-			504
Fair value loss on put option		(19	)		(40	)
Recovery of financial guarantee		11			63
Share in losses of associated companies, net of tax		(41	)		(105	)
(Loss)/profit before income taxes		(5	)		462
Income taxes		(17	)		(11	)
(Loss)/profit for the year from continuing operations		(22	)		451
Profit/(loss) for the year from discontinued operations
-Recovery of retained claims, net		25			4
-Other		(1	)		(10	)
		24			(6	)
Profit for the year		2			445
Attributable to:
Kenon's shareholders		(14	)		434
Non-controlling interests		16			11
Profit for the year		2			445
Basic/diluted profit/(loss) per share attributable to Kenon's shareholders (in dollars):
Basic/diluted (loss)/profit per share		(0.25	)		8.07
Basic/diluted (loss)/profit per share from continuing operations		(0.71	)		8.17
Basic/diluted profit/(loss) per share from discontinued operations		0.46			(0.10	)

2

Kenon Holdings Ltd and subsidiaries
Consolidated Statements of Cash Flows
For the years ended December 31, 2019 and 2018

	For the year ended December 31
	2019			2018
	$ millions
Cash flows from operating activities
Profit for the year		2			445
Adjustments:
Depreciation and amortization		31			30
Impairment of assets and investments		-			5
Financing expenses, net		12			2
Share in losses of associated companies, net		41			105
Net change in fair value of derivative financial instruments		-			1
Recovery of financial guarantee		(11	)		(63	)
Gain on third party investment in Qoros		-			(504	)
Fair value loss on put option		19			40
Write down of other payables		-			1
Retained claim		(30	)		-
Share-based payments		2			2
Income taxes		23			16
		89			80
Change in trade and other receivables		4			9
Change in trade and other payables		(5	)		(35	)
Cash generated from operating activities		88			54
Income taxes paid, net		(2	)		(2	)
Net cash provided by operating activities		86			52

3

Kenon Holdings Ltd and subsidiaries
Consolidated Statement of Cash Flows, continued
For the years ended December 31, 2019 and 2018

	For the year ended December 31
	2019			2018
	$ millions
Cash flows from investing activities
Short-term deposits and loans, net		20			(29	)
Investment in long-term deposits, net		(25	)		(14	)
Cash paid for asset acquisition, less cash acquired		-			(2	)
Proceeds from sale of subsidiary less cash sold		1			-
Income tax paid		(6	)		(170	)
Investment in associates		-			(90	)
Acquisition of property, plant and equipment		(34	)		(69	)
(Payment of)/proceeds from realization of long-term deposits		(3	)		18
Interest received		2			13
Payment of transactions in derivatives, net		(1	)		-
Proceeds from dilution of third party investment in Qoros		-			260
Receipt from recovery of financial guarantee		11			18
Payment of transaction cost for sale of subsidiaries		-			(48	)
Insurance claim received		30			-
Net cash used in investing activities		(5	)		(113	)
Cash flows from financing activities
Dividend paid to non-controlling interests		(33	)		(8	)
Dividends paid		(65	)		(100	)
Capital distribution		-			(665	)
Proceeds from issuance of shares to holders of non-controlling interests in subsidiaries		76			-
Receipt of long-term loans and issuance of debentures		-			34
Repayment of long-term loans and debentures, derivative financial instrument and lease liabilities		(30	)		(376	)
Short-term credit from banks and others, net		-			(77	)
Purchase of non-controlling interest		(1	)		-
Interest paid		(21	)		(25	)
Net cash used in by financing activities		(74	)		(1,217	)
Increase/(decrease) in cash and cash equivalents		7			(1,278	)
Cash and cash equivalents at beginning of the year		131			1,417
Effect of exchange rate fluctuations on balances of cash and cash equivalents		9			(8	)
Cash and cash equivalents at end of the year		147			131

4

Information regarding reportable segments

Information regarding activities of the reportable segments are set forth in the following table.

	OPC			Quantum			Other			Total
	$ millions
2019
Revenue		373			-			-			373
Adjusted EBITDA		105			-			(18	)		87
Depreciation and amortization		(31	)		-			-			(31	)
Financing income		2			-			16			18
Financing expenses		(28	)		-			(2	)		(30	)
Other items:
Fair value loss on put option		-			(19	)		-			(19	)
Share in losses of associated companies		-			(37	)		(4	)		(41	)
Recovery of financial guarantee		-			11			-			11
Profit / (Loss) before taxes		48			(45	)		(8	)		(5	)
Income Taxes		(14	)		-			(3	)		(17	)
Profit / (Loss) from continuing operations		34			(45	)		(11	)		(22	)
Segment assets		1,000			72			246			1,318
Investments in associated companies		-			106			84			190
											1,508
Segment liabilities		762			-			34			796

5

	OPC			Quantum			Other			Adjustments			Total
	$ millions
2018
Revenue		363			-			1			-			364
Adjusted EBITDA		91			-			(19	)		-			72
Depreciation and amortization		(30	)		-			(1	)		-			(31	)
Financing income		2			10			48			(32	)		28
Financing expenses		(27	)		(2	)		(33	)		32			(30	)
Other items:
Gain on third party investment in Qoros		-			504			-			-			504
Fair value loss on derivative asset		-			(40	)		-			-			(40	)
Share in losses of associated companies		-			(78	)		(27	)		-			(105	)
Write back of financial guarantee		-			63			-			-			63
Profit / (Loss) before taxes		36			457			(31	)		-			462
Income Taxes		(10	)		-			(1	)		-			(11	)
Profit / (Loss) from continuing operations		26			457			(32	)		-			451
Segment assets		893			92			239			-			1,224
Investments in associated companies					139			92			-			231
														1,455
Segment liabilities		700			-			39			-			739

6

Information regarding associated companies

	Asset held for sale				Carrying amounts of investment inassociated companies				Equity in the net (losses) / earnings of associated companies
	as at				as at				for the year ended
	December 31,		December 31,		December 31,		December 31,		December 31,			December 31,
	2019		2018		2019		2018		2019			2018
	$ millions				$ millions				$ millions
ZIM		-		-		84		92		(4	)		(27	)
Qoros		70		70		36		69		(37	)		(78	)
		70		70		120		161		(41	)		(105	)

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Appendix B

Summary OPC consolidated financial information

OPC’s Consolidated Statement of Profit & Loss

	For the year ended December 31,
	2019			2018
	US$ million			US$ million
Continuing Operations
Revenue		373			363
Cost of sales (excluding depreciation and amortization)		(256	)		(258	)
Depreciation and amortization		(31	)		(30	)
Gross profit		86			75
Selling, general and administrative expenses		(18	)		(14	)
Other income		6			-
Financing expenses		(28	)		(27	)
Financing income		2			2
Financing expenses, net		(26	)		(25	)
Profit before taxes		48			36
Income taxes		(14	)		(10	)
Net profit for the period		34			26
Attributable to:
Equity holders of the company		25			20
Non-controlling interest		9			6
Net profit for the period		34			26

8

Summary Data from OPC’s Consolidated Statement of Cash Flows

	Year ended December 31,
	2019			2018
	US$ million
Cash flows provided by operating activities		109			86
Cash flows used in investing activities		(41	)		(102	)
Cash flows used in financing activities		(54	)		(34	)
Increase/(decrease) in cash and cash equivalents		14			(50	)
Cash and cash equivalents at end of the period		111			88
Total depreciation and amortization		31			30

Summary Data from OPC’s Consolidated Statement of Financial Position

	As at
	December 31, 2019		December 31, 2018
	US$ million
Total financial liabilities1		622		586
Total liquid assets2		152		141
Total equity attributable to the owners		228		181
Total assets		1,011		905

1.	Including loans from banks and others and debentures
2.	Including cash and cash equivalents, short-term deposits and debt service reserves (out of restricted cash)

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Appendix C

Definition of OPC’s EBITDA and non-IFRS reconciliation

This press release, including the financial tables, presents EBITDA, which is considered to be a non-IFRS financial measure.

OPC defines EBITDA as for each period as net profit before depreciation and amortization, financing expenses, net, and income tax expense. EBITDA is not recognized under IFRS or any other generally accepted accounting principles as a measure of financial performance and should not be considered as a substitute for net profit or loss, cash flow from operations or other measures of operating performance determined in accordance with IFRS. EBITDA is not intended to represent funds available for dividends or other discretionary uses because those funds may be required for debt service, capital expenditures, working capital and other commitments and contingencies. There are limitations that impair the use of EBITDA as a measure of OPC's profitability since it does not take into consideration certain costs and expenses that result from OPC's business that could have a significant effect on net profit, such as financial expenses, taxes, depreciation, capital expenses and other related items.

OPC believes that the disclosure of EBITDA provides transparent and useful information to investors and financial analysts in their review of the company’s, or its subsidiaries’ operating performance and in the comparison of such operating performance to the operating performance of other companies in the same industry or in other industries that have different capital structures, debt levels and/or income tax rates.

Set forth below is a reconciliation of OPC’s net profit to EBITDA for the periods presented. Other companies may calculate EBITDA differently, and therefore this presentation of EBITDA may not be comparable to other similarly titled measures used by other companies.

	Year Ended December 31, 2019
	US$ million
	Total
Net profit for the period		34
Depreciation and amortization		31
Financing expenses, net		26
Income tax expense		14
EBITDA		105

	Year Ended December 31, 2018
	US$ million
	Total
Net profit for the period		26
Depreciation and amortization		30
Financing expenses, net		25
Income tax expense		10
EBITDA		91

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Appendix D

Summary Financial Information of OPC’s Subsidiaries

The tables below set forth debt, cash and cash equivalents, and debt service reserves for OPC’s subsidiaries as at December 31, 2019 and 2018 (in US$ millions):

As at December 31, 2019	OPC-Rotem		OPC-Hadera		OPC Energy		Other		Total
Debt (including accrued interest)		346		194		82		-		622
Cash and cash equivalents and short-term deposits		33		3		74		1		111
Debt service reserves (out of the restricted cash)		22		-		19		-		41

As at December 31, 2018	OPC-Rotem		OPC-Hadera		OPC Energy		Total
Debt (including accrued interest)		336		172		78		586
Cash and cash equivalents and short-term deposits		26		12		77		115
Debt service reserves (out of the restricted cash)		14		-		12		26

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Appendix E

Summary Operational Information of OPC

The tables below set forth details of sales, generation and purchases of electricity by OPC and availability and net generation of OPC split by the OPC-Rotem plant and the Hadera energy center (kWh in millions):

	For the year ended December 31,
	2019		2018
Sales to private customers		3,928		3,849
Sales to the system administrator		102		116
Total sales		4,030		3,965

	For the year ended December 31,
	2019		2018
Net generation of electricity		3,811		3,383
Purchase of electricity from the system administrator		219		582
Total volume of electricity generated and purchases from the system administrator		4,030		3,965

	For the year ended December 31,
	2019					2018
	Availability (%)			Net generation (kWh in millions)		Availability (%)			Net generation (kWh in millions)
OPC-Rotem		99	%		3,727		87	%		3,299
OPC-Hadera		94	%		84		94	%		84

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