Exhibit 99.2

Financial Information for the Three Months Ended March 31, 2022 and 2021 of Kenon and OPC and

Reconciliation of Certain non-IFRS Financial Information

Table of Contents

Appendix A: Summary of Kenon’s consolidated financial information

Appendix B: Summary of OPC’s consolidated financial information

Appendix C: Definition of OPC’s Adjusted EBITDA and non-IFRS reconciliation

Appendix D: Summary of financial information of OPC’s subsidiaries

Appendix E: Definition of ZIM’s Adjusted EBITDA and non-IFRS reconciliation

Appendix A

Summary Kenon consolidated financial information

Kenon Holdings Ltd. and its subsidiaries
Consolidated Statements of Financial Position (Unaudited)

	March 31,		December 31,
	2022		2021
	$ millions
Current assets
Cash and cash equivalents		714		475
Short-term deposits and restricted cash		4		-
Trade receivables		52		63
Short-term derivative instruments		1		1
Dividend receivable from ZIM		478		-
Other current assets		42		43
Total current assets		1,291		582
Non-current assets
Investment in ZIM (associated company)		1,021		1,354
Investment in OPC’s associated companies		590		545
Long-term deposits and restricted cash		25		21
Long-term derivative instruments		16		12
Deferred taxes, net		41		49
Property, plant and equipment, net		1,162		1,126
Intangible assets, net		223		225
Long-term prepaid expenses and other non-current assets		56		57
Right-of-use assets, net		95		98
Total non-current assets		3,229		3,487
Total assets		4,520		4,069
Current liabilities
Current maturities of loans from banks and others		41		38
Trade and other payables		126		171
Short-term derivative instruments		4		9
Deferred taxes		3		21
Dividend payable		-		189
Current maturities of lease liabilities		19		19
Total current liabilities		193		447
Non-current liabilities
Long-term loans from banks and others		630		597
Debentures		562		575
Deferred taxes, net		129		125
Other non-current liabilities		31		29
Long-term lease liabilities		14		15
Total non-current liabilities		1,366		1,341
Total liabilities		1,559		1,788
Equity
Share capital		602		602
Translation reserve		20		26
Capital reserve		36		26
Accumulated profit		1,778		1,140
Equity attributable to owners of the Company		2,436		1,794
Non-controlling interests		525		487
Total equity		2,961		2,281
Total liabilities and equity		4,520		4,069

A - 1

Kenon Holdings Ltd. and its subsidiaries
Consolidated Statements of Profit or Loss (Unaudited)

	For the three months ended March 31,
	2022			2021
	$ millions
Revenue		146			115
Cost of sales and services (excluding depreciation and amortization)		(98	)		(79	)
Depreciation and amortization		(12	)		(13	)
Gross profit		36			23
Selling, general and administrative expenses		(22	)		(10	)
Operating profit		14			13
Financing expenses		(12	)		(12	)
Financing income		6			6
Financing expenses, net		(6	)		(6	)
Loss related to Qoros		-			(2	)
Gains related to ZIM		205			10
Share in profit/(losses) of associated companies, net
-          ZIM		430			172
-          OPC’s associated companies		30			(11	)
Profit before income taxes		673			176
Income tax (expense)/benefit		(16	)		2
Profit for the period		657			178
Attributable to:
Kenon’s shareholders		639			180
Non-controlling interests		18			(2	)
Profit for the period		657			178
Basic/diluted profit per share attributable to Kenon’s shareholders (in dollars):
Basic/diluted profit per share		11.86			3.34

A - 2

Kenon Holdings Ltd. and its subsidiaries
Consolidated Statements of Cash Flows (Unaudited)

	For the three months ended March 31,
	2022			2021
	$ millions
Cash flows from operating activities
Profit for the period		657			178
Adjustments:
Depreciation and amortization		14			13
Financing expenses, net		6			6
Share in profit of associated companies, net		(460	)		(161	)
Loss related to Qoros					2
Gains related to ZIM		(205	)		(10	)
Share-based payments		5			1
Income tax expense/(benefit)		16			(2	)
		33			27
Change in trade and other receivables		5			-
Change in trade and other payables		(20	)		(8	)
Cash generated from operating activities		18			19
Dividends received from associated companies		-			3
Net cash provided by operating activities		18			22

A - 3

Kenon Holdings Ltd. and its subsidiaries
Consolidated Statements of Cash Flows (Unaudited), continued

	For the three months ended March 31,
	2022			2021
	$ millions
Cash flows from investing activities
Short-term deposits and restricted cash, net		(4	)		545
Investment in long-term deposits, net		4			16
Acquisition of subsidiary, less cash acquired		-			(656	)
Acquisition of property, plant and equipment		(85	)		(45	)
Acquisition of intangible assets		(2	)		-
Reimbursement of right-of-use asset		-			2
Proceeds from sale of investment in associated company		-			41
Proceeds from sale of interest in ZIM		464			-
Proceeds from distribution from associated company		3			-
Long-term advance deposits and prepaid expenses		(2	)		(1	)
Payment of transactions in derivatives, net		(1	)		-
Net cash provided by/(used in) investing activities		377			(98	)
Cash flows from financing activities
Repayment of long-term loans, debentures and lease liabilities		(15	)		(56	)
Investments of holders of non-controlling interests in the capital of a subsidiary		12			167
Proceeds from issuance of share capital by a subsidiary to non-controlling interests, net of issuance expenses		-			105
Proceeds from long-term loans		52			52
Payment in respect of derivative financial instruments, net		-			(2	)
Costs paid in advance in respect of taking out of loans		(1	)		(1	)
Dividends paid		(189	)		-
Interest paid		(9	)		(11	)
Net cash (used in)/provided by financing activities		(150	)		254
Increase in cash and cash equivalents		245			178
Cash and cash equivalents at beginning of the year		475			286
Effect of exchange rate fluctuations on balances of cash and cash equivalents		(6	)		(9	)
Cash and cash equivalents at end of the period		714			455

A - 4

Information regarding reportable segments

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

	For the three months ended March 31, 2022
	OPC Israel			CPV Group			ZIM		Other			Consolidated Results
	$ millions
Revenue		134			12			-		-			146
Depreciation and amortization		(11	)		(3	)		-		-			(14	)
Financing income		3			3			-		-			6
Financing expenses		(10	)		(2	)		-		-			(12	)
Gains related to ZIM		-			-			205		-			205
Share in profit of associated companies		-			30			430		-			460
Profit/(loss) before taxes		19			23			635		(4	)		673
Income tax expense		(5	)		(4	)		-		(7	)		(16	)
Profit/(loss) for the period		14			19			635		(11	)		657

	For the three months ended March 31, 2021
	OPC Israel			CPV Group			ZIM		Other			Consolidated Results
	$ millions
Revenue		107			8			-		-			115
Depreciation and amortization		(11	)		(2	)		-		-			(13	)
Financing income		3			3			-		-			6
Financing expenses		(10	)		(2	)		-		-			(12	)
Losses related to Qoros		-			-			-		(2	)		(2	)
Gains related to ZIM		-			-			10		-			10
Share in (losses)/profit of associated companies		-			(11	)		172		-			161
Profit/(loss) before taxes		11			(13	)		181		(3	)		176
Income tax (expense)/benefit		(3	)		5			-		-			2
Profit/(loss) for the period		8			(8	)		181		(3	)		178

A - 5

Information regarding associated companies

	Carrying amounts of investment in associated companies				Equity in the net profit / (losses) of associated companies
	as at				for the period ended
	March 31,		December 31,		March 31,			March 31,
	2022		2021		2022			2021
	$ millions				$ millions
CPV Fairview LLC		182		173		8			(2	)
CPV Maryland LLC		60		61		(2	)		-
CPV Shore Holdings LLC		84		75		5			-
CPV Towantic LLC		119		112		3			3
CPV Valley Holdings LLC		76		58		16			(12	)
CPV Three Rivers LLC		67		64		-			-
Others		2		2		-			-
		590		545		30			(11	)
ZIM		1,021		1,354		430			172
		1,611		1,899		460			161

A - 6

Appendix B

Summary of OPC consolidated financial information

OPC’s Consolidated Statements of Profit or Loss (Unaudited)

	For the three months ended March 31,
	2022			2021
	$ millions
Revenue		146			115
Cost of sales (excluding depreciation and amortization)		(98	)		(79	)
Depreciation and amortization		(12	)		(13	)
Gross profit		36			23
Selling, general and administrative expenses		(18	)		(8	)
Operating profit		18			15
Financing expenses		(12	)		(12	)
Financing income		6			6
Financing expenses, net		(6	)		(6	)
Share in profit/(losses) of associated companies, net		30			(11	)
Profit/(loss) before income taxes		42			(2	)
Income tax (expense)/benefit		(9	)		2
Profit for the period		33			-
Attributable to:
Equity holders of the company		25			(2	)
Non-controlling interest		8			(2	)
Profit for the period		33			-

B - 1

Summary Data from OPC’s Consolidated Statement of Cash Flows (Unaudited)

	For the three months ended March 31,
	2022			2021
	$ millions
Cash flows provided by operating activities		28			24
Cash flows used in investing activities		(86	)		(98	)
Cash flows provided by financing activities		38			254
(Decrease)/increase in cash and cash equivalents		(20	)		180
Cash and cash equivalents at end of the period		210			233

Summary Data from OPC’s Consolidated Statement of Financial Position (Unaudited)

	As at
	March 31, 2022		December 31, 2021
	$ millions
Total financial liabilities1		1,234		1,215
Total monetary assets2		241		264
Investment in associated companies		590		545
Total equity attributable to the owners		759		730
Total assets		2,520		2,488

1.	Including loans from banks and others and debentures
2.	Including cash and cash equivalents, term deposits and restricted cash

B - 2

Appendix C

Definition of OPC’s Adjusted EBITDA and share of EBITDA of its associated companies and non-IFRS reconciliation

This press release, including the financial tables, presents OPC’s Adjusted EBITDA and share of EBITDA of its associated companies, which are non-IFRS financial measures.

OPC defines EBITDA as for each period as net profit before depreciation and amortization, financing expenses, net, and income tax expense, and Adjusted EBITDA as for each period as net profit before depreciation and amortization, financing expenses, net, income tax expense and share of losses of associated companies, net. EBITDA and Adjusted EBITDA are 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 and Adjusted EBITDA are 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 and Adjusted EBITDA as measures 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, and depreciation and amortization.

OPC believes that the disclosure of Adjusted EBITDA and share of EBITDA of its associated companies provide transparent and useful information to investors and financial analysts in their review of the company’s, or its subsidiaries’, or its associated companies’ 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 are reconciliations of OPC’s net profit to Adjusted EBITDA and share of net profit to share of EBITDA of its associated companies for the periods presented. Other companies may calculate EBITDA and Adjusted EBITDA differently, and therefore this presentation of EBITDA and Adjusted EBITDA may not be comparable to other similarly titled measures used by other companies.

	For the three months ended March 31,
	2022			2021
	$ millions
Profit for the period		33			-
Depreciation and amortization		14			13
Financing expenses, net		6			6
Share in (profit)/losses of associated companies, net		(30	)		11
Income tax expense/(benefit)		9			(2	)
Adjusted EBITDA		32			28
Proportionate share of EBITDA of associated companies		43			18

	For the three months ended March 31,
	2022		2021
	$ millions
Share in profit/(losses) of associated companies, net		30		(11	)
Share of depreciation and amortization		11		8
Share of financing expenses, net		2		21
Proportionate share of EBITDA of associated companies		43		18

C - 1

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 of March 31, 2022 and December 31, 2021 (in $ millions):

As at March 31, 2022	OPC Energy		OPC-Rotem		OPC-Hadera		OPC-Tzomet		CPV Keenan		Others		Total
Debt (including accrued interest)		571		-		213		215		95		2		1,096
Debt from non-controlling interests (including interest payable)		1		67		-		-		-		70		138
Cash and cash equivalents		50		17		15		21		1		108		212
Debt service reserves (out of restricted cash)		-		-		14		-		-		-		14
Other restricted cash		-		-		2		-		-		13		15

As at December 31, 2021	OPC Energy		OPC-Rotem		OPC-Hadera		OPC-Tzomet		CPV Keenan		Others		Total
Debt (including accrued interest)		587		-		219		170		98		2		1,076
Debt from non-controlling interests (including interest payable)		1		73		-		-		-		65		139
Cash and cash equivalents		86		17		7		24		1		99		234
Debt service reserves (out of restricted cash)		-		-		14		-		-		-		14
Other restricted cash		5		-		2		-		-		9		16

D - 1

Appendix E

Definition of ZIM’s Adjusted EBITDA and non-IFRS reconciliation

This press release, including the financial tables, presents ZIM’s Adjusted EBITDA, which is a non-IFRS financial measure.

ZIM defines Adjusted EBITDA as for each period as net profit before depreciation and amortization, financing expenses, net, income tax expense, and non-recurring expenses, which may include impairment of assets, non-cash charter hire expenses, capital gains/losses beyond the ordinary course of business and expenses related to legal contingencies. Adjusted 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. Adjusted 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 Adjusted EBITDA as a measure of ZIM’s profitability since it does not take into consideration certain costs and expenses that result from ZIM’s business that could have a significant effect on net profit, such as financial expenses, taxes, and depreciation and amortization.

ZIM believes that the disclosure of Adjusted EBITDA enables the comparison of operating performance between periods on a consistent basis. This measure should not be considered in isolation, or as a substitute for operating income, any other performance measure, or cash flow data, which were prepared in accordance with IFRS as measures of profitability or liquidity. In addition, non-IFRS financial measures may not be comparable to similarly titled measures reported by other companies, due to differences in the way these measures are calculated.

Set forth below is a reconciliation of ZIM’s net profit to Adjusted EBITDA for the periods presented.

	For the three months ended March 31,
	2022		2021
	$ millions
Profit for the period		1,711		590
Depreciation and amortization		290		134
Financing expenses, net		24		39
Income tax expense		508		54
EBITDA		2,533		817
Non-recurring expenses		-		4
Adjusted EBITDA		2,533		821

E - 1