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0 Private and Confidential: For personal use only and not for distribution or copying Amer Group: Brand Developer Real Estate New Ventures Malls Restaurants Hospitality Porto Marina Medical Porto Sokhna Golf Porto Marina Golf Porto
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1
Amer Group: Brand Developer
Real Estate New Ventures Malls Restaurants Hospitality
15 Projects Total Land Area of 9.7 mn sqm 65 Operational Restaurants Number of Seats: 8,941
*As of 9M2014
6 Operational Hotels (835 keys) Porto Marina Golf Porto Marina Porto Sokhna Meeting Point New Cairo Porto Cairo Porto Matrouh Porto Tartous Porto New Cairo Porto October Porto Dead Sea Porto Aghadir Porto Saeed Porto Sharm Porto Sokhna Golf Porto Sokhna Porto South Beach Porto Marina Golf Porto Marina Porto Residence Porto Cairo Porto October Porto Matrouh Porto Sharm Porto New Cairo Porto Saeed Porto Tartous Porto Dead Sea Porto Aghadir Medical Education Sports Clubs Utilities Total 13 malls GLA 443k sqm 7 Operational Malls GLA of 83.7k sqm 1,500
Units
CSR
Hotel Apartments 11,682 Units
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Porto World
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3
Porto Marina
January 2005
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4
Porto Marina: 24/7 Non-Stop Construction
June 2005
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5
Porto Marina
June 2006
El Alamein, Egypt
Key Facts & Figures
Land Area (m2) 68,000 Public Service & Utilities BUA (m2) 8373 Total BUA (m2) 173,858 Hotel Keys (no. of Rooms) 330 Residential BUA (m2) 118,872 Total Licensed Residential Units 991 Commercial BUA (m2) 17,737 Total Sales (EGP mn) 1.394 Others (Hotel) BUA (m2) 28,876 Total Revenues (EGP mn) 969
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6
Porto Marina Golf & Islands: It was a Quarry
June 2006
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Porto Marina Golf & Islands: Golf Course Started
6 Months Later
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Porto Marina Golf & Islands: The Destination was Ready
18 Months Later
El Alamein, Egypt
Key Facts & Figures
Land Area (m2) 1,820,609 Public Service & Utilities BUA (m2) 572,856 Total BUA (m2) 1,441,300 Hotel Keys (no. of Rooms) 68 Residential BUA (m2) 845,780 Total Licensed Residential Units 9,280 Commercial BUA (m2) 8,480 Total Sales (EGP mn) 2.180 Others (Rental) BUA (m2) 14,184 Total Revenues (EGP mn) 1.879
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Porto Sokhna: Time for Red Sea Mountains
2007
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Porto Sokhna: A Lifestyle Landmark was Born
2009
Ain Sokhna, Egypt
Key Facts & Figures
Land Area (m2) 151,244 Public Service & Utilities BUA (m2) 75,872 Total BUA (m2) 369,715 Hotel Keys (no. of Rooms) 139 Residential BUA (m2) 204,206 Total Licensed Residential Units 1,674 Commercial BUA (m2) 21,427 Total Sales (EGP mn) 1.029 Others BUA (m2) 18,199 Total Revenues (EGP mn) 947
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Golf Porto Sokhna
Ain Sokhna, Egypt
Key Facts & Figures
Land Area (m2) 2,174,969 Public Service & Utilities BUA (m2) 14,204 Total BUA (m2) 471,840 Hotel Keys (no. of Rooms) Planned 34 Residential BUA (m2) 504,873 Total Licensed Residential Units 9,156 Commercial BUA (m2) 17,078 Total Sales (EGP mn) 2.597 Others BUA (m2) 62,593 Total Revenues (EGP mn) 1.953
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Golf Porto Sokhna
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The Porto World Concept
In 2005, Amer Group created Porto World: the first branded real estate concept in the region
With a Clear Consumer Perception
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Porto World’s Core Menu
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Applied in Different Locations
At the Seaside? Yacht Marina In the Desert? Golf or Aqua Porto In the mountains? Cable Car
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Papa Porto Theme Park
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Porto Tartous: Our First Project in Syria
Key Facts & Figures
Land Area (m2) 186,000 Public Service & Utilities BUA (m2) 72,108 Total BUA (m2) 511,500 Hotel Keys (no. of Rooms) 250 Residential BUA (m2) 310,073 Total Licensed Residential Units 3175 Commercial BUA (m2) 69,245 Total Project Sales (EGP mn) 128 Others (Hotel) BUA (m2) 60,074 Total Projected Revenues (EGP mn) nm
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Porto Tartous: Our First Project in Syria
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19 19
Porto South Beach
Key Facts & Figures
Land Area (m2) 247,922 Public Service & Utilities BUA (m2) 5,100 Total BUA (m2) 132,442 Hotel Keys (no. of Rooms) & (PVC) 1000 Residential BUA (m2) 65,000 Total Licensed Residential Units 495 (pvc ) BUA (M2) 26,250 Commercial BUA (PVC) (m2) 4,100 Total Sales (EGP mn) 397 Others BUA (m2) 31,992 Total Revenues (EGP mn) 132
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Porto Residence
El Alamein, Egypt
Key Facts & Figures
Land Area (m2) 18,000 Public Service & Utilities BUA (m2)
- Total BUA (m2)
79,800 Hotel Keys (no. of Rooms)
- Residential BUA (m2)
42,600 Total Licensed Residential Units 390 Commercial BUA (m2) 8,500 Total Sales (EGP mn) 99 Others BUA (m2) 28,700 Total Revenues (EGP) 7,072,516
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Notes: (1) Project includes an additional timeshare component: 602 units (BUA – 48,160 sqm)
Porto Matrouh: Cleopatra’s Favorite Beach
Key Facts & Figures
Land Area (m2) 338,985 Public Service & Utilities BUA (m2) 3,735 Total BUA (m2) 182779 Hotel Keys (no. of Rooms) 174 Residential BUA (m2) 89357 Total Licensed Residential Units (1x2) 2502 Commercial BUA (m2) 5583 Total Sales (EGP mn) 542 Others (PVC Cabana Hotel) BUA (m2) 84104 Total Revenues (EGP mn) 267
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22
Porto Sharm
Key Facts & Figures
Land Area (m2) 648,337 Public Service & Utilities BUA (m2) 11,700 Total BUA (m2) 441,924 Hotel Keys (no. of Rooms) 156 Residential BUA (m2) 362440 Total Residential Units (2 keys/unit) 3,392 Commercial BUA (m2) 53, 214 Total Sales (EGP mn) 797 Others (Hotel) BUA (m2) 14,570 Total Revenues (EGP mn) nm Data excludes garden / landscaped area of 9,000m2 and exhibition center (“Open Door”) of 45,000m2.
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23 23
Porto Cairo
Key Facts & Figures
Land Area (m2) 38,277 Public Service, Warehouses & Utilities BUA (m2) 13,912 Total BUA (m2) 74,006 Hotel Keys (no. of Rooms)
- Residential BUA (m2)
- Total Licensed Commercial Units
645 Commercial BUA (m2) 41,902 Total Project Sales (EGP mn) 762 Others (Parking) BUA (m2) 18,192 Total Projected Revenues (EGP mn) 660
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Porto New Cairo
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Porto 6 October
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Porto Saeed
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27
PORTO DEAD SEA
Key Facts & Figures
Land Area (sqm) 800,000 Public Service & Utilities BUA (sqm) 34,495 Total BUA (sqm) 840,000 Hotel Keys (No of rooms) 335 Residential BUA (sqm) 744,768 Total Licensed Residential Units 11,000 Mall BUA (sqm) 30,194 Total Sales (EGP) 77,577,500 Hotel (PVC) (sqm) 30,543 Total Revenues
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PORTO AGADIR
Key Facts & Figures
Land Area (sqm) 1,200,000 Public Service & Utilities BUA (sqm) Total BUA (sqm) 280,270 Hotel Keys (No of rooms) 88 Residential BUA (sqm) 251,010 Total Licensed Residential Units 2713 Mall BUA (sqm) 13,500 Total Sales (EGP) Hotel (PVC) (sqm) 7500 Total Revenues
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29 29
Corporate Social Responsibility 2009
33%
NOW
20.2%
Total Community Spending 2009-2014
EGP 597 mn
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30
Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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Porto Brand Recognition
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39
Amer Group Total Sales
Pre-IPO (EGPmn) Post-IPO (EGPmn)
70 485 717 1,573 395 663 1,392 2,040 2,938 3,364 73 124 160 222 261 296 292 338 327 379
143 609 877 1,795 656 959 1,684 2,378 3,265 3,743
- 500
2005 2006 2007 2008 2009 2010 2011 2012 2013 9M 2014
Real Estate Other Lines of Business
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100 200 300 400 500 600 Amer TMG SODIC Palm Hills MNHD EGX30
Resulting in a Stellar Stock Performance
Jun-13 to-date 370% 194% 176% 158% 86% 96%
Trading Statistics
Market Capitalization: EGP 5,653 mn 52 Week High: EGP 1.47 52 Week Low: EGP 0.53
Average Daily Turnover:
3 months: EGP 53,132,847 6 months: EGP 57,487,521 12 months: EGP 47,646,066
Cash Dividends: EGP 0.09 per share Bonus Shares in form of Stock Dividend (1:2)
6%
Amer shares average traded value in 2014 are 6% of EGX30 daily traded value
2.5 bn shares
Stock dividends (Post IPO to date)
EGP 537mn
Cash dividends (Post IPO to date) Capital gains (June 2013 to Date)
Cash Dividends: EGP 0.0225 per share
Amer Group Number 1
370%
Number 2 194% EGX 30 96%
* All Share Price Performance are Rebased
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Resulting in a Stellar Stock Performance
Capital gains (June 2013 to Date) Amer Group Number 1
370%
Pioneers Holding Number 2 346% Oriental Weavers Number 3 240%
* All Share Price Performance are Rebased 100 200 300 400 500 600 6/30/2013 7/14/2013 7/28/2013 8/11/2013 8/25/2013 9/8/2013 9/22/2013 10/6/2013 10/20/2013 11/3/2013 11/17/2013 12/1/2013 12/15/2013 12/29/2013 1/12/2014 1/26/2014 2/9/2014 2/23/2014 3/9/2014 3/23/2014 4/6/2014 4/20/2014 5/4/2014 5/18/2014 6/1/2014 6/15/2014 6/29/2014 7/13/2014 7/27/2014 8/10/2014 8/24/2014 9/7/2014 9/21/2014 10/5/2014 10/19/2014 11/2/2014 11/16/2014 11/30/2014 12/14/2014 12/28/2014 1/11/2015 AMER EC Equity 100 PIOH EC Equity 100 ORWE EC Equity 100 OTMT EC Equity 100 OCDI EC Equity 100
OTMT Number 4 233% SODIC Number 5 194%
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Debt and Land Liabilities
AMER TMGH SODIC PHDC
338 316 268 232 155 171 64 62 46 44
0.00 100.00 200.00 300.00 400.00 500.00 600.002010 2011 2012 2013 9M 2014 Debt Land Liabilities 1,008 889 965 1,300 1,388 2,627 1,820 2,728 1,082 489
0.00 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.002010 2011 2012 2013 9M 2014 Debt Land Liabilities 134 392 435 419 1,208 149 112 74 49 2,045
0.00 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.002010 2011 2012 2013 9M 2014 Debt Land Liabilities 2,804 3,226 3,635 3,773 3,291 4,178 4,178 4,820 2,088 1,826
0.00 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 7,000.00 8,000.00 9,000.002010 2011 2012 2013 9M 2014 Debt Land Liabilities
509 380 330 278 198 283 504 509 467 3,253 6,982 7,403 8,455 5,861 5,117 3,635 2,709 3,639 2,381 1,877 Total
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Cash Dividend Payout Ratio
AMER TMGH MNHD
114% 0% 408% 47%
0% 50% 100% 150% 200% 250% 300% 350% 400% 450%2011 2012 2013 9M 2014
0% 0% 0% 63%
0% 10% 20% 30% 40% 50% 60% 70%2011 2012 2013 9M 2014
0% 37% 14% 0%
0% 5% 10% 15% 20% 25% 30% 35% 40%2011 2012 2013 9M 2014
SODIC PHDC
0% 0% 0% 0%
0% 10% 20% 30% 40% 50% 60%2011 2012 2013 9M 2014
0% 0% 0% 0%
0% 10% 20% 30% 40% 50% 60%2011 2012 2013 9M 2014
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Return on Equity
AMER TMGH SODIC PHDC
29% 12% 8% 2% 12%
0% 5% 10% 15% 20% 25% 30% 35%2010 2011 2012 2013 9M 2014 6%
- 10%
12%
- 24%
6%
- 30%
- 25%
- 20%
- 15%
- 10%
- 5%
2010 2011 2012 2013 9M 2014 4% 2% 2% 2% 2%
0% 1% 1% 2% 2% 3% 3% 4% 4% 5%2010 2011 2012 2013 9M 2014 11%
- 8%
- 4%
7% 6%
- 10%
- 5%
2010 2011 2012 2013 9M 2014
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45
Key performance indicators 30/9/2014
Contracted Sales (EGPmn) Backlog (EGPmn) Units Delivered Real Estate Revenues (EGPmn) Loans (EGPmn) Net Income (EGPmn) Total Revenues (EGPmn) Restaurants Revenues (EGPmn) Malls Revenues (EGPmn) Hotels Revenues (EGPmn) Other Revenues (EGPmn)
2,118 3,364
- 500
9m 2013 9m 2014 6,039 7,457
- 1,000
9m 2013 9m 2014 551 2,285
- 500
9m 2013 9m 2014 426 1,260
- 200
9m 2013 9m 2014 232 154
- 50
9m 2013 9m 2014 677 1,638
- 200
9m 2013 9m 2014 25 43
- 5
9m 2013 9m 2014 56 100
- 20
9m 2013 9m 2014 151 183
- 20
9m 2013 9m 2014 18 55
- 10
9m 2013 9m 2014 19 217
- 50
9m 2013 9m 2014
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Capital Efficient Model
Units Delivered Loans (EGP mn)
551 2,285
- 500
9m 2013 9m 2014 232 154
- 50
9m 2013 9m 2014
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Real Estate Land Bank Total 9.7 mn sqm
3.4 mn sqm
In Egypt
Undeveloped Land Bank
2.1 mn sqm
Across MENA
5.5 mn sqm
- f undeveloped land
=2.3 million JV + 3.2 million Owned
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Credit Rating by Meris AA+
49
Porto Group Post Spin off
In process spin off approved by General Assembly on December 21st 2014
50
Porto Group Post Spin off
Company Name Percent
Porto New Cairo
99,9%
Porto Pyramids for Real Estate Development
70%
Porto October
99.9%
Porto Mediterranean Investment
100%
Delmar for Real Estate Development
99.69%
Alamein for Education and Development
67.48%
Amer Syria (LLC)
99.9%
Deals for Marketing
99.9%
51
Porto Brand Performance 2010/2014
662,772 1,392,258 2,040,804 2,938,676 3,364,072 2010 2011 2012 2013 9M14 Real Estate Sales (EGP 000s) 338 317 268 232 154.5 2010 2011 2012 2013 9M14 Loans (EGP mn)
EGP 7.45 bn Backlog
11,690
Units delivered to date
19,677
Units sold to date
52
5.5mn sqm Undeveloped Land Bank Expected to Generate Sales of EGP 30bn
Potential Sales
Co-development
Porto Agadir Porto Dead Sea* Porto Matrouh Golf Porto Sokhna Porto Golf Marina Porto Sharm Porto Sokhna Porto Marina Porto South Beach Porto Marina Residence Porto Cairo Porto October Porto New Cairo Porto Saeed
EGP 4 bn EGP 16 bn EGP 10 bn
Potential Sales
Porto Group Revenue Share (80%) Amer Group Revenue Share (20%)
Potential Sales *Porto Tartous sales halted and 50% Porto Dead Sea land capacity
Porto Tartous*
53
Porto Group Post Spin off
EGP 4.0 bn To-date Backlog EGP 50 mn Potential sales from inventory EGP 16 bn Potential sales from co-development of projects
*Porto Tartous sales halted and 50% Porto Dead Sea land capacity
Co-development Developments
Porto Dead Sea Porto Matrouh Golf Porto Sokhna Porto Golf Marina Porto Agadir Porto Dead Sea* Porto Matrouh Golf Porto Sokhna Porto Golf Marina Porto Cairo Porto October Porto New Cairo Porto Saeed Porto Tartous*
Egypt 42% Morocco 24% Jordan 34% Egypt 99% Syria 1%
EGP 9.95 bn Potential sales from the developing of remaining land
54
Porto Group Post Spin off
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55 55
Amer Group: Brand Developer
Real Estate New Ventures Malls Restaurants Hospitality
10 Projects Total Land Area of 9.7 mn sqm 65 Operational Restaurants Number of Seats: 8,941
*As of 9M2014
6 Operational Hotels (835 keys) Porto Marina Golf Porto Marina Porto Sokhna Meeting Point New Cairo Porto Cairo Porto Matrouh Porto Tartous Porto New Cairo Porto October Porto Dead Sea Porto Aghadir Porto Saeed Porto Sharm Porto Sokhna Golf Porto Sokhna Porto South Beach Porto Marina Golf Porto Marina Porto Residence Porto Matrouh Porto Sharm Porto Dead Sea Porto Aghadir Medical Education Alamein University Utilities Total 13 malls GLA 443k sqm 7 Operational Malls GLA of 83.7k sqm 1,500
Units
CSR
Hotel Apartments 11,682 Units
Malls New Real Estate Approaches
+ +
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56 56
Amer Group Post Demerger
Company Name Percent
Porto Hotels
97%
Tropi 2 for Tourism Investments
99.9%
Delmar for Tourism Development
99.96%
AmerCo
70%
Garage Misr
99.6%
Amer Raya LLC
95%
New Tropicana for Tourism Establishments
99.87%
Total FM Facility Management
97%
Tropicana Food Industry
99.73%
Porto Holidays for Tourism Development
44%
Porto Club for Sports Investments
99%
Amer Malls
97%
Porto Home
98.5%
Porto World
99.9%
Porto Air
98.5%
Tropicana Projects
99.97%
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5.5mn sqm Undeveloped Land Bank Expected to Generate Sales of EGP 30bn (Amer Group Now)
*Porto Tartous sales halted and 50% Porto Dead Sea land capacity
Potential Sales
Co-development
Porto Agadir Porto Dead Sea* Porto Matrouh Golf Porto Sokhna Porto Golf Marina Porto Sharm Porto Sokhna Porto Marina Porto South Beach Porto Marina Residence Porto Cairo Porto October Porto New Cairo Porto Saeed
EGP 4 bn EGP 16 bn EGP 10 bn
Potential Sales
Porto Group Revenue Share (80%) Amer Group Revenue Share (20%)
Potential Sales
Porto Tartous*
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58 58
Porto Agadir Porto Dead Sea Porto Matrouh Golf Porto Sokhna Porto Golf Marina Porto Agadir Porto Dead Sea* Porto Matrouh Golf Porto Sokhna Porto Golf Marina
Real Estate Division
Porto Sharm Porto Sokhna Porto Marina Porto South Beach Porto Marina Residence
100% Egypt
*50% Porto Dead Sea land capacity
Co-development
EGP 3.2 bn Potential sales from co- development of projects (Revenue share of 20%
- f 16 bn)
EGP 1.2 bn Potential sales from inventory
Developments
EGP 3.5 bn To-date Backlog
Egypt 42% Morocco 24% Jordan 34%
EGP 2.8 bn Potential sales from developing remaining land
EGP 4 bn
EGP16 bn X 20% New Concepts Malls New Real Estate Approach
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59 59
Malls Management Division
160,299 137,500 7,005 7,599 12,681 13,883 33,532 47,188 56,013 83,727 145,261
443,060
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-2018
Operational Under Construction Under License
20.3 28.2 32.3 38.1 43.0 2010 2011 2012 2013 9M14 Malls Revenue (2010-9M14, EGP mn) Malls GLA sqm
75%
Occupancy rate
83 k sqm
Operational GLA, of which 81,926 sqm is owned
138 k sqm
Total under license: 91% in Egypt and 9% in Morocco
222 k sqm
Under construction: 86% in Egypt and 14% in Jordan
443 k sqm
Contracted
33% Operational
9M 2014
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60 60
Hospitality Division
835 Current Room Keys 1,229 Room Keys by 2019
Reaching
1,500 Vacation Club
+
11,682 Contracted Rental Apartments
Hospitality Division Growth Potential
52.8 65.2 66.2 67.1 99.8 2010 2011 2012 2013 9M14 Hotels Revenue (2010-9M14, EGP mn)
9M 2014
Over 30,000 Potential rental apartments
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61 61
Vacation Club Business Model
17,000
Members in Porto Vacation Club
EGP 1 bn
Total membership sold to date
Acquire units Establish club Sell memberships Revenues from
- perations,
services Reclaim asset after 30 years
1,500
Total number of units sold
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62 62
Restaurants Division
201.1 185.4 212.0 197.1 183.3
2010 2011 2012 2013 9M14
Restaurants Revenue (2010-9M14, EGP mn)
>3 million
Clients served in FY14
8,941
Seats in three countries
0.9 x
Turn over – Per seat – Per day
9M 2014
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63 63
Ventures –Medical
Porto October Porto Sokhna Porto Cairo
Golf Porto Marina
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64 64
Ventures – Education
Golf Porto Marina Porto October
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65 65
Sports Clubs
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66
Funding Options
Funding Options
1- Capital Increase at holding or subsidiaries levels 2- Debt capital markets 3- High debt capacity
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67 67
Amer Management Team
Nancy Sarwat
CEO Porto Vacation Club
Salah Amer
Vice President Asset Management
Mansour Amer
Founder / Chairman & CEO
Omar Amer
Vice Chairman & CEO
Haitham Mohamed
CEO Malls
Alaa Samaha
CEO New Ventures
Jean Marc Busato
CEO Hospitality & Services
Riad Refaat
CFO
Mohamed Sayed
Vice Chairman Real Estate
Mohamed Menneissy
CEO Restaurants
Dalia El Kordy
Vice President Marketing
ElSayed Abd Elrahman
Internal Audit