1H 2018 Results August 14, 2018 1 Agenda 1H 2018 Key Highlights - - PowerPoint PPT Presentation

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1H 2018 Results August 14, 2018

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1H 2018 Key Highlights & Destination Progress Page 3 1H 2018 Financials Highlights Page 12 1H 2018 Appendix Page 17

Agenda

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Key Highlights 1H 2018

Orascom Development Holding AG; Breakevens on the bottom line, excluding one offs and losses from associates and continues to deliver solid results across all business segments. ➢ Revenues Surged By 43.3% to CHF 155.6 million vs. CHF 108.6 million in 1H 17. ➢ Adjusted EBITDA more than tripled to CHF 35 million vs. CHF 11 million in 1H 17. ➢ Reported Net Losses reached CHF 16.4 million, which included a one-off FX translations loss of CHF 16.7 million. vs Net loss of CHF 19.3 million in 1H 17 (which included gains in relation to settlement of borrowings in the amount of CHF 6.3mn). Real Estate: ➢ Net sales recorded a significant increase of 87.6% to CHF 98.7 million vs. CHF 51.6 million in 1H 17 with enhanced contributions from all our destinations. ➢ Real estate revenues surged by 91.1% to CHF 58.1 million vs. CHF 30.4 million on the back of increased unit deliveries in El Gouna, Jebal Sifah and Luštica Bay. ➢ Deferred revenues increased by 24.3% to reach CHF 185.8 million vs. CHF 149.5 million in 1H 17. The Group also has a deferred interest income CHF 13.5 million. Hotels: ➢ Hotel revenues increased by 24.6% to CHF 73.3 million vs. CHF 58.8 million in 1H 17 and GOP increased by 41.8% to CHF 29.5 million. ➢ Adjusted EBITDA increased by 34.1% to CHF 23.6 million vs. CHF 17.6 million in 1H 17.

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Key Highlights 1H 2018

Town Management: ➢ Town management revenues continues its uptrend momentum with a 33.9% increase to CHF 15.8 million vs CHF 11.8 million. Corporate Updates: ➢ Launched the soft opening of “The Chedi Lustica Bay” Hotel in Montenegro. ➢ Sold 7,955 sqm land plot in El Gouna for USD 1 million (USD 130/sqm) to construct the first office building and lease it to a German based company. ➢ Orascom Development Egypt (ODE); the subsidiary, is finalizing the contract with the Egyptian Government for the revenue share agreement on the 1,000 feddan plot in West Cairo for our first home development. ➢ Finalizing the legal documentation for the previously announced sale of our 3 hotels in Makadi and Tamweel Group and the repayment of c. CHF 56 of debt in 2018.

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El Gouna, Egypt 1H 2018 Updates

Financials & KPIs 1H 2018 1H 2017 % Chg Hotels Total Number of rooms 2,654 2,601 2.0%

• Occ. for available rooms (%)

78 74 5.4% TRevPAR (CHF) 61 45 35.6% GOP PAR (CHF) 31 21 47.6% Total Revenues (CHFmn) 29.4 21.5 36.7% Real Estate Net Contracted Units (CHFmn) 58.5 39 50% No of Contracted Units 166 129 28.7%

• Avg. Selling Price (CHF/m2)

2,148 1,829 17.4% Total Revenues (CHFmn) 29.6 16.6 78.3% Destination Management Total Revenues (CHFmn) 13.2 9.5 38.9% Total El Gouna Total Revenues (CHFmn) 72.2 47.3 52.6%

▪ Net sales increased by 50% to CHF 58.5mn. ▪ In April 2018, we launched a new real estate project “Ancient Sands Villas” the launched inventory was USD 22.7mn and we managed to sell USD 10mn to date. ▪ Hotels GOP increased by 49.0% to CHF 14.9mn vs. CHF 10mn in 1H 2017. ▪ Finalized the renovation works in Turtles Inn hotel and we are continuing with the other hotels to be finalized during 2018. ▪ Sold a 7,955 sqm land plot for a total value of USD 1mn (USD 130/sqm) to build the 1st phase of the destination’s business park. ▪ Studying the possibility of adding more hotel rooms & possibly a new hotel in 2019. ▪ El Gouna Football Club succeeded to get back to the Egyptian First Division League and for that we finalized the renovation across El Gouna stadium & now it is ready to host international events. ▪ We are hosting the 2nd edition of El Gouna Film Festival in September 2018 after the great success of the 1st edition.

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Hawana Salalah, Oman 1H 2018 Updates

▪ Net sales increased almost 60 times to CHF 11.8mn in 1H 2018. ▪ We started construction in Hawana Lagoon real estate project to be finalized in Q3 2019. ▪ Planning to launch a new real estate project “Hawana Island” in Q3 2018 with a total inventory of CHF 29.6mn. ▪ Hotels revenues increased by 20% to CHF 19.2mn in 1H 2018. ▪ We opened 122 new hotel rooms by the end of Dec. 2017, thus bringing the total number of hotel rooms to 904 vs. 782 rooms in 1H 2017. Occupancy for the operating rooms reached 70% and GOP increased by 39.6% to CHF 6.7mn vs. CHF 4.8mn in 1H 2017. ▪ Progressing with the construction works for 177 new rooms in Al Fanar Hotel to be finalized this year. Financials & KPIs 1H 2018 1H 2017 % Chg Hotels Total Number of rooms 904 784 15.3%

• Occ. for available rooms (%)

70 75 (6.7%) TRevPAR (CHF) 118 94 25.5% GOP PAR (CHF) 41 34 20.6% Total Revenues (CHFmn) 19.2 16.1 19.3% Real Estate Net Contracted Units (CHFmn) 11.8 0.2

• No of Contracted Units

95 1

• Avg. Selling Price (CHF/m2)

1,663 2,462 (32.5%) Total Revenues (CHFmn) 2.1 2.9 (27.5%) Destination Management Total Revenues (CHFmn) 0.4 0.2 100% Total Hawana Salalah Total Revenues (CHFmn) 21.7 19.2 13%

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Jebal Sifah, Oman 1H 2018 Updates

▪ Net sales increased by 70% to CHF 13.6mn in 1H 2018. ▪ Progressing with the construction of phase one of the “Golf Lake Residence project” compromising 130 units with plans to be delivered before end of 2018. ▪ Additional pontoons are being installed at the Marina along with an enhanced water taxi service scheduled to launch in 2018. ▪ Jebal Sifah is set to welcome a new bar, restaurant, supermarket and a fishing charter business. Financials & KPIs 1H 2018 1H 2017 % Chg Hotels Total Number of rooms 67 67

• Occ. for available rooms (%)

39 36 8.3% TRevPAR (CHF) 100 100

• GOP PAR (CHF)

11 17 (35.3%) Total Revenues (CHFmn) 1.2 1.2

• Real Estate

Net Contracted Units (CHFmn) 13.6 8.0 70% No of Contracted Units 90 41 119.5%

• Avg. Selling Price (CHF/m2)

1,867 1,919 (2.7%) Total Revenues (CHFmn) 8.1 3 170% Destination Management Total Revenues (CHFmn) 0.5 0.3 66.7% Total Jebal Sifah Total Revenues (CHFmn) 9.8 4.5 117.8%

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Luštica Bay, Montenegro 1H 2018 Updates

▪ Net sales increased by 136.1% to CHF 8.5mn in 1H 2018. ▪ Held the soft opening for the first hotel in the destination the “Chedi Luštica Bay” with 111 rooms, occupancy reached 41% in the first 10 days. Very positive feedback from guests - KPIs and financial contribution to be recognized in Q3 2018. ▪ Opened the first phase of the main marina with 52 berths. ▪ Progressing with construction of the town homes & the villas in the marina village area along with “E” & “B” building clusters comprising 68 apartments due for delivery in 2018 and early 2019. Financials & KPIs 1H 2018 1H 2017 % Chg Real Estate Net Contracted Units (CHFmn) 8.5 3.6 136.1% No of Contracted Units 16 14 14.3%

• Avg. Selling Price (CHF/m2)

6,351 3,123 103.4% Total Revenues (CHFmn) 18 8 125%

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Makadi Heights, Egypt 1H 2018 Updates

▪ We launched a new project in April 2018 with a total inventory

• f CHF 11.1mn which was a huge success.

*We are finalizing all necessary documentation and submission for the sale of our earlier communicated 3 hotels in Makadi for a total EV of CHF 49mn with cash proceeds of CHF 27.4mn and the deconsolidation of CHF 14.4mn of debt. Financials & KPIs 1H 2018 1H 2017 % Chg Real Estate Net Contracted Units (CHFmn) 6.03 0.03

• No of Contracted Units

81 1

• Avg. Selling Price (CHF/m2)

857 276 211% Total Revenues (CHFmn) 0.2 0.1 100% Hotels Total Revenues (CHFmn)* 2 1.4 42.8% Destination Management Total Revenues (CHFmn) 0.3 0.2 50% Total Makadi Total Revenues (CHFmn) 2.5 1.7 47.1%

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1H 2018 Key Highlights & Destination Progress Page 3 1H 2018 Financials Highlights Page 12 1H 2018 Appendix Page 17

Agenda

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(CHF mn) Q2 2018 Q2 2017 1H 2018 1H 2017 Revenue 81.5 56.1 155.6 108.6 Cost of sales (54.0) (44.1) (106.1) (83.5) Gross profit 27.5 12.0 49.5 25.1 Gross profit margin 33.9% 21.4% 31.8% 23.1% Investment income 1.5 1.2 3.6 2.1 Administrative expenses (8.7) (7.1) (18.1) (16.2)

• Adj. EBITDA

20.3 6.1 35.0 11.0

• Adj. EBITDA margin

24.9% 10.9% 22.5% 10.1% Other gains & losses (8.8) 7.1 (8.0) 8.3 Share of associates losses (3.6) (4.7) (7.5) (8.2) EBITDA 7.9 8.5 19.5 11.1 Depreciation (5.8) (5.6) (11.2) (11.8) Finance costs (10.2) (8.5) (19.2) (16.4) Income tax expense (3.2) (1.2) (5.5) (2.2) Net losses for the period (11.3) (6.8) (16.4) (19.3) Attributed as follows: ODH shareholders (10.5) (5.6) (17.6) (18.9) Non-controlling interest (0.8) (1.2) 1.2 (0.4) Basic EPS (CHF) (0.26) (0.14) (0.44) (0.47)

1 1 2 3

Notes Revenues and gross profit increased due to the enhanced

• perational

performance across all business segments. Investment income increased mainly due to:

• The increase in real estate cash collection.
• Increase in interest income on bank

deposits. Other gains and losses for 1H 2018 mainly includes:

• FX translations losses of CHF 16.7mn
• FX revaluation gain of CHF 3.6mn

While 1H 2017 figures included:

• Gains

in relation to settlement

• f

borrowings in the amount of CHF 6.3mn.

• FX gain of CHF 2.2mn.
• Other gains of CHF 0.1mn.

Increase in Finance costs mainly due to:

• Increase in interest rates.

Income Tax expense increased due to the increase

• f

the profitability

• f

the subsidiaries.

1

2

4

3 4

Income Statement

5

5

12 12

Balance Sheet

Notes PPE decreased mainly due to reclassification of Citadel Azur Hotel as asset held for sale. Inventory decreased mainly due to the adoption

• f the new revenue standard (IFRS 15) as well as

increase in the completed and delivered units. Cash and bank balances increased as a result of the sale of Citadel Azur hotel on May 2018. Asset and liabilities held for sale include the following:

• Tamweel Group.
• Makadi hotels.

Borrowings decreased mainly due to

• (-) Payments of CHF 16.5mn.
• (-) CHF 17.7mn related to Citadel Azur Hotel

which sold out in May 2018.

• (+) FX losses amounting CHF 2.7mn.
• (+) Proceeds amounting CHF 4.2mn.
• (+) Capitalized interest amounting CHF 2.7mn.
• Increase in non-controlling interest is mainly

due to the sale of the 8.2% stake in the Egyptian subsidiary ODE in April 2018.

1 2

(CHF mn) 30.06.18 31.12.17 Property, plant and equipment 745.2 765.1 Inventory 122.5 127.6 Receivables 126.3 107.0 Cash and bank balances 124.6 99.4 Investments in associates 53.5 60.8 Other assets 87.8 80.8 Non-current assets held for sale 112.3 107.0 Total assets 1,372.2 1,347.7 Borrowings 350.1 374.7 Payables 50.0 51.0 Provisions 63.1 65.6 Other liabilities 214.0 210.4 Liabilities related to assets held for sale 87.3 84.4 Total liabilities 764.5 786.1 Non-controlling interests 158.5 149.1 Equity attributable to ODE shareholders 449.2 412.5 Total liabilities and equity 1,372.2 1,347.7

3 1 4 2 3 4 4 5 5 6 6

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Financing profile1

12% 51% 7% 8% 22% EGP USD EUR AED OMR 6% 47% 7% 8% 31% EGP USD EUR AED OMR Current Maturity Profile & Balance in 2018

Cost of Debt: 9.2%

1H 2018 Balance: CHF 350mn

Cost of Debt: 8.4%

Maturity Profile after Oman Rescheduling

11 11 23 33 31 34 73 41 78 CF 2018 2019 2020 2021 2022 2023 2024 2025 - 2032 11 13 40 55 61 68 74 28 1 CF 2018 2019 2020 2021 2022 2023 2024 2025 - 2032

Maturity Profile after ODE Rescheduling

11 13 36 44 43 42 77 41 1 CF 2018 2019 2020 2021 2022 2023 2024 2025 - 2032

Post ODE Debt reduction: CHF 309mn

Cost of Debt: 8.6%

7% 51% 8% 9% 25% EGP USD EUR AED OMR

1 All debt figures exclude debt relating to (Assets Hels for Sale Tamweel, Royal and Citadel Azur).

68% 22% 8% 2% Egypt Oman UAE Montenegro Current Debt by Country Current debt by currency Debt by currency after ODE Rescheduling Debt by currency after Oman Rescheduling 64% 25% 9% 3% EGYPT Oman UAE Montenegro Debt by Country after ODE Rescheduling Debt by Country after Oman Rescheduling 58% 31% 8% 3% EGYPT Oman UAE Montenegro

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Cash Flow Statement

(CHF mn) 1H 2018 1H 2017 Cash from operations 10.7 9.0 Interest paid (14.6) (3.5) Taxes paid (6.0) (2.3) Operating Cash Flow (9.9) 3.2 Payments for PP&E (21.5) (12.3) Other items 26.5 2.1 Investing Cash Flow 5.0 (10.2) Change in Borrowings (2.7) 27.0 Proceeds from disposal of non- controlling interest of consolidated subsidary 32.7

• Other Items

0.9 (2.3) Financing Cash Flow 30.9 24.7 Net change in cash/equivalents 26.0 17.7 Cash & bank balances beginning of period 103.7 82.2 Effects of FX changes 0.1 (4.2) Cash & bank balances end of period* 129.8 95.7 Notes

Cash flow from operations increased due to the enhanced

• perational

performance across all business segments during the period. Decreased in operating cash flow was mainly due to the payment of Interest during 1H 2018 while the interest in 1H 2017 was capitalized. Payments for PP&E increased due to the increase in construction activities in Luštica Bay, El Gouna and Oman. Other Items increased due to the sale of Citadel Azur hotel in May 2018. Change in Borrowings mainly resulting from: (-) Debt repayment of CHF 13.2mn. (+) Debt proceeds for CHF 9.6mn. Proceeds from disposal of non controlling interest is related to the Sale of 8.2% stake in the Egyptian subsidiary ODE in April 2018.

1 2 1 3 2 * Includes cash related to assets held for sale. 3 4 5 6 4 5 6

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1H 2018 Key Highlights & Destination Progress Page 3 1H 2018 Financials Highlights Page 12 1H 2018 Appendix Page 17

Agenda

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Business Segments 1H 2018

1 Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX gains & share in associates) 2 1H 2017 figures includes gains in relation to settlement of borrowings in the amount of CHF 6.3mn. 3 Town Management includes revenues from Utilities & services, Hospital, Marina, Golf, Rentals, Educational services, Limousine, & other town amenities. Revenues

increased but EBITDA and Adj. EBITDA losses widened, due to the commencement of operations in Oman and Montenegro. This is usually the case at first until the appropriate volumes and economies of scale are reached then it turns around positively.

Revenue EBITDA

• Adj. EBITDA1

(CHF mn) 1H 2018 1H 2017 Δ in % 1H 2018 1H 2017 Δ in % 1H 2018 1H 2017 Δ in % Hotels2 73.3 58.8 24.6% 23 23.1 (0.4%) 23.6 17.6 34.1% Real Estate 58.1 30.4 91.1% 22.5 6.3 257.1% 23.6 5.8 306.9% Land

• Town Management3

15.8 11.8 33.9% (0.9) (2.4) 62.5% (0.9) (2.3) 60.9% Tamweel Group 8.4 7.6 10.5% 1.9 2.1 (9.5%) 1.9 2.2 (13.6%) Corporate & Unallocated Items

• (27)

(18) (50%) (13.2) (12.3) (7.3%) ODH Group 155.6 108.6 43.3% 19.5 11.1 75.7% 35.0 11.0 218.2% (CHF mn) Q2 2018 Q2 2017 Δ in % Q2 2018 Q2 2017 Δ in % Q2 2018 Q2 2017 Δ in % Hotels2 33.1 28 18.2% 7.1 8.2 (13.4%) 8.2 8.3 (1.2%) Real Estate 35.8 18.1 97.8% 16.6 4.5 268.9% 17.8 4.4 304.5% Land

• Town Management3

8.4 6.1 37.7% 1.2 (1.2)

• 1.2

(1.1)

• Tamweel Group

4.2 3.9 7.7% 0.9 1.1 (18.2%) 0.9 1.0 (10%) Corporate & Unallocated Items

• (17.9)

(4.0) 347.5% (7.6) (6.5) 16.9% ODH Group 81.5 56.1 45.3% 7.9 8.6 (8.1%) 20.3 6.1 232.8%

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Real Estate KPIs 1H & Q2 2018

Net value of contracted units (CHF mn) Number of contracted units Average selling price (CHF/m2) Country Destination 1H 18 1H 17 1H 18 1H 17 1H 18 1H 17 Egypt El Gouna 58.53 39.04 166 129 2,148 1,829 Fayoum 0.16 0.73 2 14 534 581 Makadi 6.03 0.03 81 1 857 276 Oman Jebel Sifah 13.63 8.00 90 41 1,867 1,919 Salalah Beach 11.82 0.22 95 1 1,663 2,462 Montenegro Luštica Bay 8.48 3.57 16 14 6,351 3,123 ODH Group 98.66 51.59 450 200 1,965 1,826 Country Destination Q2 18 Q2 17 Q2 18 Q2 17 Q2 18 Q2 17 Egypt El Gouna 37.25 28.97 129 92 2,023 1,930 Fayoum 0.16 0.37 2 7 534 596 Makadi 6.01

• 80
• 863

262 Oman Jebel Sifah 5.24 2.56 34 10 1,904 2,080 Salalah Beach 5.63 0.22 43 1 1,705 2,462 Montenegro Luštica Bay 4.58 3.57 9 14 6,567 3,123 ODH Group 58.87 35.69 297 124 1,822 1,965

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Deferred Revenue Recognition Schedule*

(CHF mn) Country Destination Deferred Revenue Balance 2018 2019 2020 2021 2022 2023 Egypt El Gouna 108.17 33.86 51.11 23.19

• Fayoum

1.30

• 1.30
• Makadi

5.96

• 0.75

1.49 1.49 1.49 0.75 Total Egypt 115.4 33.86 51.86 25.98 1.49 1.49 0.75 Oman Jebel Sifah 27.57 13.02 10.48 4.07

• Salalah Beach

26.99 9.24 17.12 0.63

• Total Oman

54.46 22.26 27.60 4.70

• Montenegro Luštica Bay

15.83 14.82 1.01

• ODH Group

185.83 70.94 80.47 30.69 1.49 1.49 0.75

* Figures are rounded to the nearest decimal point.

* It is also important to note in addition to the outstanding deferred revenue balance; the Group also has a deferred interest income CHF 13.5 million.

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Hotel KPIs 1H 2018

Total number of hotel rooms Occupancy for available rooms (%) TRevPAR* (CHF) GOP PAR** (CHF) Destination 1H 18 1H 17 1H 18 1H 17 1H 18 1H 17 1H 18 1H 17 El Gouna 1 2,654 2,601 78 74 61 45 31 21 Taba Heights2 2,365 2,365 22 24 10 8 (1) (3) Fayoum3 53 50 23 46 23 22 3

• Floating Hotel

27 27 26 23 164 101 66 32 Total Oman4 971 851 68 72 116 112 39 33 UAE5 475 487 75 81 176 204 67 79 ODH Group 6,545 6,381 Citadel Azur6 514 514 72 50 51 32 32 14

1. In 2017 we transferred 83 hotel rooms of Fanadir and Bellevue into real estate products and during 1H 2018 Ancient Sands hotel room increased by 136 rooms. 2. During 1H 2018, only 4 hotels were operating (Sofitel with 442 rooms, Strand Beach Hotel with 503 rooms, El Wekala Hotel with 215 rooms and 100 rooms in Bay View Hotel out of 394 existing rooms). Whereby, only 3 hotels were operating representing 992 rooms in 1H 2017. 3. In Q1 2018; three more rooms where added to the hotel rooms bringing the total number to 53 rooms. 4. In December 23nd, 2017, we added 120 new rooms (98 room in Al Fanar & 22 rooms in Rotana Hotel) in Hawana Salalah thus bringing the total number of rooms to 904 room vs. 784 rooms in 1H 2017. 5. Rented 12 rooms into serviced units apartments thus brining total number of the hotel rooms to 475 rooms vs 487 in 1H 2017. 6. In May 3rd, 2018; we sold Citadel Azur Hotel thus removing it accordingly from the room count and KPIs moving forward. * Financial KPIs are calculated based on the number of available rooms during the reported period of 1H 2018. ** Includes all expenses of the hotels in the destinations.

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Hotel KPIs Q2 2018

Total number of hotel rooms Occupancy for available rooms (%) TRevPAR* (CHF) GOP PAR** (CHF) Destination Q2 18 Q2 17 Q2 18 Q2 17 Q2 18 Q2 17 Q2 18 Q2 17 El Gouna 1 2,654 2,601 79 76 65 49 33 25 Taba Heights2 2,365 2,365 28 25 13 9 0.1 (2) Fayoum3 53 50 18 38 19 19 1

• Floating Hotel

27 27 26 18 165 89 42 10 Total Oman4 971 851 42 53 75 79 8 10 UAE5 475 487 71 73 163 191 51 68 ODH Group 6,545 6,381 Citadel Azur6 514 514 78 61 59 39 52 17

1. In 2017 we transferred 83 hotel rooms of Fanadir and Bellevue into real estate products and during 1H 2018 Ancient Sands hotel room increased by 136 rooms. 2. During 1H 2018, only 4 hotels were operating (Sofitel with 442 rooms, Strand Beach Hotel with 503 rooms, El Wekala Hotel with 215 rooms and 100 rooms in Bay View Hotel out of 394 existing rooms). Whereby, only 3 hotels were operating representing 992 rooms in Q2 2017. 3. In Q1 2018; three more rooms where added to the hotel rooms bringing the total number to 53 rooms. 4. In December 23nd, 2017, we added 120 new rooms (98 room in Al Fanar & 22 rooms in Rotana Hotel) in Hawana Salalah thus bringing the total number of rooms to 904 room vs. 784 rooms in Q2 2017. 5. Rented 12 rooms into serviced units apartments thus brining total number of the hotel rooms to 475 rooms vs 487 in Q2 2017. 6. In May 3rd, 2018; we sold Citadel Azur Hotel thus removing it accordingly from the room count and KPIs moving forward. * Financial KPIs are calculated based on the number of available rooms during the reported period of Q2 2018. ** Includes all expenses of the hotels in the destinations.

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The Cove, UAE and Taba Heights, Egypt 1H 2018 Updates

The Cove, UAE Financials & KPIs 1H 2018 1H 2017 % Chg Hotels Total Number of rooms 475 487 (2.5%)

• Occ. for available rooms (%)

75 81 (7.4%) TRevPAR (CHF) 176 204 (13.7%) GOP PAR (CHF) 67 79 (15.2%) Total Revenues (CHFmn) 15.1 13.4 12.7% Destination Management Total Revenues (CHFmn) 0.8 0.8

• The Cove Total

Total Revenues (CHFmn) 15.9 14.2 12% Taba Heights Financials & KPIs 1H 2018 1H 2017 % Chg Hotels Total Number of rooms 2,365 2,365

• Number of rooms available

1,260 992 27%

• Occ. for available rooms (%)

22 24 (8.3%) TRevPAR (CHF) 10 8 25% GOP PAR (CHF) (1) (3) (66.6%) Total Revenues (CHFmn) 2.3 1.3 76.9% Destination Management Total Revenues (CHFmn) 0.6 0.8 (25%) Total Taba Heights Total Revenues (CHFmn) 2.9 2.1 38.1%

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IR dashboard

Investor Relations Contact

Sara El Gawahergy Head of Investor Relations Head of Strategic Projects Management Phone EGY: +20 (0)22 461 89 61 Phone CH: +41 (0)41 874 17 11 E-Mail: ir@orascomdh.com

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• place. Percentages, percent changes and absolute variances, however, are calculated based on the exact figures as shown in the financial statements.

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