A FOCU CUSED APPROACH In Inves estor Pres esentati tion 2Q/ - - PowerPoint PPT Presentation

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A FOCU CUSED APPROACH In Inves estor Pres esentati tion 2Q/ Q/1H H 2018 2018 Cau autionin ing an and Forw orward Lo Lookin ing St Statements This presentation was prepared by Egypt Kuwait Holding ( EKH ) and is strictly

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SLIDE 1

In Inves estor Pres esentati tion 2Q/ Q/1H H 2018 2018

A FOCU CUSED APPROACH

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SLIDE 2

Egypt Kuwait Holding | Investor Presentation 2

Cau autionin ing an and Forw

  • rward Lo

Lookin ing St Statements

This presentation was prepared by Egypt Kuwait Holding (“EKH”) and is strictly confidential and may contain market sensitive information. All recipients hereof who are permitted to receive the same are bound by the restrictions on disclosure and use and other terms thereof. The provision of this presentation is intended for discussion purposes only, and no person has represented or warranted the accuracy or completeness of any information contained herein. It does not constitute an offer or recommendation to enter into any transaction by EKH, its affiliates or its officers, directors or advisors. If you decide to enter into a transaction you do so in reliance on your

  • wn judgment. When making an investment decision, you should rely solely on the final documentation relating to the transaction and not this presentation. This presentation

is strictly confidential and speaks only as of the aforementioned date. This presentation is not intended to be relied on for any purposes by any person without EKH’s consent. Neither EKH nor any of its affiliates are under any obligation to consider or enter into any transaction. EKH and its affiliates shall not have any liability for any information contained in, or any omission from, the presentation or any other written or oral communication transmitted to the recipient(s) and they disclaim all liability for any direct, indirect, consequential or other damages or losses incurred by the recipients or any third party that arise from any reliance on this document or its accuracy.

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SLIDE 3

AGENDA

EKH EKH Overview Growth Dr Drivers s & Rec ecent De Developments

  • NatEnergy
  • Sprea
  • Offshore North Sinai
  • AlexFert
  • Delta Insurance

Futu Future Exp Expansion

  • MDF Project

Fin Financial High ighlights Ap Appendix 1: : Organization & Governance

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SLIDE 4

Egypt Kuwait Holding | Investor Presentation 4

EKH KH OVERVIEW

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SLIDE 5

Egypt Kuwait Holding | Investor Presentation 5

EKH AND IT ITS S COMPANIES BENEFIT FR FROM A CLE LEAR STRATEGY AND IN INVESTMENT PHILOSOPHY

Hands-on investor and

  • perator

Develop greenfield operations to leverage operational expertise Secure strategic partnerships with leading international value added industry players Long-term investor with

  • pportunistic exit strategy

Create synergies between different group companies Expand industry expertise to new markets

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SLIDE 6

Egypt Kuwait Holding | Investor Presentation 6

PRI RIMARY PORTFOLIO IN INVESTMENTS

AlexFert (Ammonia, Ur Urea Fertilizer and nd Ammonium Su Sulfate Plant) Sp Sprea Misr sr (Chemicals Plant) Effective Ownership 100.00% Effective Ownership 42.6% Offsh shore North Si Sinai (Gas Up Upst stream) Effective Ownership 100.00% Building Mate terials Ind ndustries Company (Cement Plant) Effective Ownership 38.03% Delta Insu nsurance (Li Life and nd General Insu nsurance Company) Effective Ownership 55.4%

Fe Fertili ilizers and nd Petr trochemic icals ls Segment t Ener Energy and nd Ener Energy-Rel elated ed Segmen ent t Div iversif ifie ied Segment t

NatE tEnergy (Gas Dist stribution & & Electricity Busi siness Hol

  • lding Company)

Effective Ownership 100.00%

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SLIDE 7

Egypt Kuwait Holding | Investor Presentation 7

EKH at t GL GLANCE & KEY FIN FINANCIAL HIG IGHLIGHTES

5 5

strategic sectors, ranging from fertilizers and petrochemicals to gas distribution & electricity generation, building materials and insurance

> 4,0

,000

professionals employed by the holding company and its subsidiaries

USD1.1

.1 bn

total assets

USD 500

500 mn

total equity book value

> 20

20 %

average ROE in the past 3 years

  • c. USD 256.1 mn

paid-in capital

  • c. USD 1 bn

cumulative net profit [2005-17]

283 351 414 183 235 80 116 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

Revenue (USD mn)

63 89 130 42 58 17 27 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

Attributable EBITDA (USD mn)

36 58 120 39 48 17 23 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

24% 18% 18% 31% 9%

Downstream Gas & Electricity Upstream Gas Fertilizers Petrochemicals Diversified

Attributable Net Profit (USD mn) Segmental Attributable Net Profit (1H 2018)

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SLIDE 8

Egypt Kuwait Holding | Investor Presentation 8

GROWTH DRIV IVERS & RECENT DEVELOPMENTS

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SLIDE 9

Egypt Kuwait Holding | Investor Presentation 9

GR GROWTH DR DRIVERS - NA NATENERGY

c.1.3

.3 mn

household clients

Revenue (EGP mn)

223 217 360 156 247 82 106 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

EBITDA (EGP mn)

75% 6% 6% 13%

NatGas Fayum Gas Nubaria Kahraba

Profitability by Subsidiary (1H 2018) Attributable Net Profit (EGP mn)

667 607 953 451 624 215 304 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

> 19 19%

market share in Egypt

> 718 718

industrial clients

USD890 mn

recoverable investments

2,5 ,500

employees

> 8,4 ,400

commercial clients

5.0 .06 bcm/year

gas distributed

7,4 ,400 km

in pipes

75 75 mw

electricity generated

34,000

refrigerated tons

156 189 302 139 209 74 93 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

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SLIDE 10

Egypt Kuwait Holding | Investor Presentation 10 10

NA NATENERGY CONCESSIONS

  • Phase I Fayum City
  • Phase II Fayum City
  • Extension Phase II Fayum City
  • Extension Phase II Fayum City

*

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SLIDE 11

Egypt Kuwait Holding | Investor Presentation 11 11

GR GROWTH DR DRIVERS - KAHRABA

NET PROFIT & CAPACITY (EGP mn) 85 100 111 215 335 619 971 34 MW 34 MW 42 MW 75 MW 75 MW 75 MW 115 MW

20 40 60 80 100 120 140

  • 200

400 600 800 1,000 1,200 2014 2015 2016 2017 2018 2019 2020 Revenue Capacity Revenue (EGP Mn) ) & & Cap apacit ity Unde ndergoin ing an n exp xpansio ion plan plan to to add dd 40 40 MW W wi with th tot total l investments of f 25 25m m Eur Euro (c.550 550m EGP) to to be be com

  • mple

leted by by 1Q Q 2020 2020

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SLIDE 12

Egypt Kuwait Holding | Investor Presentation 12 12

GR GROWTH DR DRIVERS - SP SPREA

Revenue (EGP mn)

215 412 631 298 310 146 150 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

EBITDA (EGP mn)

63% 14% 23%

Local Sales - Manufacturing Local Sales - Trading Export Sales

Local vs. Export Sales (1H 2018) Net Profit (EGP mn)

822 1,248 2,049 1,049 1,133 519 570 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

100 100%

effective ownership

> 132 ktpa

Formaldehyde & form-urea capacity

630 630

employees

38 38+

export courtiers

> > 102 ktpa

glues and melamine formaldehyde resins capacity

125 302 500 239 266 114 129 2015 2016 2017 1H 20171H 2018 2Q 17 2Q 18

> 85 85%

market share in Egypt

> > 3.7 .7mn/sheets

pa

Formica capacity

> > 88 88 ktpa

SNF sulphonated naphthalene formaldehyde capacity

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SLIDE 13

Egypt Kuwait Holding | Investor Presentation 13 13

GR GROWTH DR DRIVERS - ALE LEXFERT

Revenue (USD mn)

14 32 57 29 30 10 14 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

EBITDA (USD mn)

29% 71%

Local Sales Export

Local vs. Export Sales (1H 2018) Attributable Net Profit (USD mn)

72 136 177 86 89 36 44 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

42.6 42.6%

effective ownership

396 ktpa

ammonia capacity

422 422

employees

650 ktpa

urea capacity

165 ktpa

ammonium sulphate capacity

  • 1.40

4 14 7 8 2 4 2015 2016 2017 1H 17 1H 18 2Q 17 2Q 18

> 105 105%

utilization rate in 1H18

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SLIDE 14

Egypt Kuwait Holding | Investor Presentation 14 14

GR GROWTH DR DRIVERS - OFF FFSHORE NO NORTH SIN SINAI CONCESSION (O (ONS)

  • Located in the Eastern Nile delta, 50 Km NE of Port Said,

Operated through NOSPCO JV after take over from Perenco mid 2014 .

  • Two Development Leases Toa & Kamose , awarded in 1998,

Total Area is 355 Km2.

  • Shallow water : WD 30 – 85m
  • Dry Gas (99.9% Methane) with 0.2%CO2
  • Effective Dev. Period for 20 Yrs. from date of 1st production

in 2009 (2029) Extended for additional 5 Yrs.

  • 9 wells have been drilled in Tao Field during Exploration &

Development phase with cumulative production of 275 BCF.

  • Reserve: Low risk Pliocene upside > 400 BCF

As Asset Ov Overv rvie iew

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SLIDE 15

Egypt Kuwait Holding | Investor Presentation 15 15

GR GROWTH DR DRIVERS - OFF FFSHORE NO NORTH SIN SINAI CONCESSION (O (ONS)

Offshore North Sinai Rumana Production Facilities Onsh Onshore CP CPF F Si Site Rum Rumana CPF CPF Of Offic fice Ca Camp in n Rum Rumana CPF CPF

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SLIDE 16

Egypt Kuwait Holding | Investor Presentation 16 16

PLA LATEAU UPDATE

Tao ao 5 5 & & 4

  • Tao

ao 5 5 & Tao ao 4 4 dr dril illi ling

  • pe

peratio ion star arted in n Ma March 2017 and nd we were re final aliz ized suc uccess ssfull lly in n mi mid Augu gust 2017 and nd are re on n pr prod

  • ductio

ion since July ly 18 18 & Augu gust 30 30 resp spectiv ively.

  • Revi

vise sed rese serve ves for

  • r the

he 2 2 we well lls s is aro round 18.2 BCF. F.

  • Curre

rrent gas as prod productio ion from rom bo both wells wells is aro round 25 25 mm mmscf/d

  • Toa
  • a 5

5 -Rese serv rves s 8.2 BCF F cu cumula lativ ive pr prod

  • ductio

ion 5.56 BCF

  • Toa
  • a 4

4 - Rese serv rves s 10 10 BCF F cu cumula lativ ive pr prod

  • ductio

ion 5. 5.2 2 BC BCF Tao ao 10 10

  • Rig

ig acceptance for r Tao ao-10 10 we well ll – 8th h of Jun une 2015 2015.

  • The

he bud budge get for

  • r Tao

ao-10 10 is is aro round US US$ 20 20 Mi Mill llio ion and nd estim imated rese serves s of 14 14 BCF.

  • Pr

Preli limin inary ry rese serves s estim imate after dr dril illi ling is no now aro round 17.5 BCF.

  • Well

ll on n trac ack in n term rms of time sch chedule and nd bud budget.

  • Prod

Productio ion com commenced ear arly ly September 2018 ahe head of sch chedule le

Kam amose Phas Phase 1

  • Kam

amose field ld has has a di disc scovery (exploratio ion we well ll alr lready dr dril ille led) wi with an n estim imated rese serv rve of aro round 90 90 BCF F base based on n 60 60% recovery fac actor

  • r

(con conserva vativ ive). An n ave verage hi hist stori rical l recove very fac actor r of the he fi field ld is aro round 67 67%. %.

  • Kam

amose proje project repre resents s the he de deve velo lopment of the he a/m 90 90 BCF CF rese serve ves thro hrough dr dril illi ling 4 4 we well lls, inst nstall llin ing one pl plat atform and nd co connectin ing the he pl plat atform to the he exis istin ing pi pipe pelin ine

  • Most

Most of the he pr proje

  • ject's

s tend nder r hav have be been clos closed/awarded and nd the he dr dril illi ling shou

  • uld

ld star art in n 4Q Q 2018 2018 Kam amose Phas Phase 2

  • Receiv

ived the he ini nitia ial l int nterpretatio ion report rt from rom West sternGeco in n Sept ptember 2018 2018.

  • The

he upd updat ated rese serves s to inc nclu lude Kam amose se ne new field lds s stan ands s at 218 218 bcf bcf .

  • The

he de develo lopment pl plan an of the he ne new fi field lds wi will ll co consis ist dr dril illi ling

  • f 5

5 we well lls and nd 1 1 MOP MOPU.

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SLIDE 17

Egypt Kuwait Holding | Investor Presentation 17 17

POST MESSINIAN PROSPECT MAP

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SLIDE 18

Egypt Kuwait Holding | Investor Presentation 18 18

GR GROWTH DR DRIVERS - DE DELTA INS INSURANCE

  • Established in 1981
  • +19 branches
  • Holds c.5% share of the Egyptian

insurance market

  • Publicly listed since 1996

Activities es: : Provides financial protection through innovative insurance products and services EKH KH owner wnersh ship: p: c.55%

Net Profit (EGP mn)

EGP GP 24 24 EGP GP 20 20 EGP GP 31 31 EGP GP 55 55 EGP GP 92 92 EGP GP 29 29 201 014 201 015 201 016 201 017 201 018

Consolidated Premiums (EGP mn)

EGP GP 334 34 EGP GP 357 57 EGP GP 392 92 EGP GP 387 87 EGP GP 623 23 201 014 201 015 201 016 201 017 201 018

Recurring FX Gain

EGP GP 84 84

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SLIDE 19

Egypt Kuwait Holding | Investor Presentation 19 19

FUTURE EXPANSI SION - MDF PROJECT

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SLIDE 20

Egypt Kuwait Holding | Investor Presentation 20 20

CAPITALIZING UPON KEY MACRO AND MIC ICRO FACTORS

+40 400,000 m3 yearly MDF imports needs Favorable le Log Logis istic ics via seaports and inland access enabling easy access to the MENA Region and Africa Trad adin ing Hub Hub for commercial activities in Africa and the Middle East Hi Higher relia liabili ility ty through installation of top notch MDF industrial equipment Benefit itin ing from

  • m Trad

ade Agreements with EU, Arab and COMESA countries +$ +$80 800 mi milli llion exp xpor

  • rts

potential to the Region

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SLIDE 21

Egypt Kuwait Holding | Investor Presentation 21 21

PROJE JECT HIG IGHLIGHTES & UPDATES

  • The factory is set to be built in Beni

Beni Sue Suef; f; 220 220 km away from

  • m Ai

Ain n Sokhn Sokhna Por

  • rt
  • The factory will be built on a land space of 30

300, 0,000 m2

  • The expected investment cost stands at c.
  • c. EGP

GP2 2 bn bn

  • Factory is set to have a capacity of 15

150,0 0,000 00 m3/year

  • The capacity is expandable to 300

300,000 0 m3/y /year as a second phase

  • The line will be supplied from Dieffenbacher
  • Heat Plant is to be supplied from Vynke and Refiner from Andritz
  • The line will start operations in 18 months
  • To concentrate on supplying raw MDF boards
  • With an entry capacity of 500 m3/day
  • Capacity to be doubled to reach a production of 1000 m3/day through adding
  • ne new production line
  • Upon the success of Phase I, additional lines will be added including value

added products such as flooring, lamination, doors, etc.

Fac actory Su Supplier St Strategy

Shor Short-Term Lo Long ng-Term

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SLIDE 22

Egypt Kuwait Holding | Investor Presentation 22 22

EGYPTIAN MARKET HIG IGHLIGHTES

77 94 93 105 257 284 201 191 15 7 7 6 2014 2015 2016 2017

Egypt’s Imports of MDF and Plywood - $mn MDF Plywood Chipboard

MDF market growing by an average of 11% yearly in value and 7% in volumes Plywood market shrinking by an average of 9% yearly in value and 1% in volumes

257 199 288 317 315 346 277 309 77 18 19 18 2014 2015 2016 2017

Egypt’s Imports of MDF and Plywood – ‘000 Cbm MDF Plywood Chipboard

60 55 80

Panel Local Production 2017 - ‘000 Cbm MDF Plywood Chipboard

MDF 377 377k k Cbm Chip hipboard 98 98k k Cbm bm Pl Plyw ywood 364 364k k Cbm

Tot

  • tal Pane

anel Mar arket Egy Egypt 2017 2017 Tot

  • tal Mar

arket Vol

  • l 839

839k CBM

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SLIDE 23

Egypt Kuwait Holding | Investor Presentation 23 23

FIN INANCIAL HIG IGHLIGHTS

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SLIDE 24

Egypt Kuwait Holding | Investor Presentation 24 24

EKH EKH’S FI FINANCIALS ARE SO SOLID

Tot

  • tal

al As Asse sets s (USD SD Mn Mn) ) (1) Tot

  • tal

al Equity quity Book Book Value alue (USD SD Mn Mn) (1) Tot

  • tal

al Attrib ributable le Ne Net Prof

  • fit

it (USD SD Mn Mn) (1)

518 528 974 1,679 1,673 1,858 1,750 2,288 2,076 1,603 1,528 1,007 1,050 200 005 200 006 200 007 200 008 200 009 201 010 201 011 201 012 201 013 201 014 201 015 201 016 201 017 219 275 531 569 651 869 764 740 724 562 522 396 479 200 005 200 006 200 007 200 008 200 009 201 010 201 011 201 012 201 013 201 014 201 015 201 016 201 017

1) 1) FY Y 2014 14 rest stat ated ed fina nanc ncials to accou

  • unt

nt for

  • r asset

sset impa pairment nts relat ated ed to the e compan any’s oil oper erat ation

  • ns.

Retur urn on n Average Equ quit ity (ROAE) (1)

55 56 104 120 131 145 150 83 42

  • 95

36 58 120 200 005 200 006 200 007 200 008 200 009 201 010 201 011 201 012 201 013 201 014 201 015 201 016 201 017 28% 23% 26% 22% 22% 19% 18% 11% 6%

  • 17%

7% 15% 25% 200 005 200 006 200 007 200 008 200 009 201 010 201 011 201 012 201 013 201 014 201 015 201 016 201 017

Averag age e 18.3%

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SLIDE 25

Egypt Kuwait Holding | Investor Presentation 25 25

EBIT ITDA & DE DEBT OVERVIEW

(In ‘000 USD) 1H 2018 Long-term interest-bearing debt 115,412 Short-term interest-bearing debt 32,012 Gross interest-bearing debt 147,424 Cash & quasi cash (464,990) Consolidated Net debt (cash) (317,566) Attributable Net debt (cash) (203,701)

Ne Net Deb Debt (Cash (Cash) )

Segmented EBITDA (In ‘000 USD) 2Q 2018 1H 2018 Fertilizers and Petrochemicals 13,775 28,756 Energy & Energy Related 10,870 22,629 Diversified 2,892 7,202 Attributable EBITDA 27,537 58,587

Attrib ibutable le EBI EBITDA

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SLIDE 26

Egypt Kuwait Holding | Investor Presentation 26 26

APPENDIX 1: : ORGANIZ IZATION & GOVERNANCE

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SLIDE 27

Egypt Kuwait Holding | Investor Presentation 27 27

BOARD OF F DI DIRECTORS

  • Mr. Moataz Al-Alfi

Chairman of the Board and Chief Executive Officer (Executive)

  • Mr. Loay Jassim Al-

Kharafi Vice Chairman of the Board (Non-Executive)

  • Mr. Sherif El Zayat

CEO (Executive)

  • Mr. Saad Al-Saad

Member of the Board (Non-Executive)

  • Mr. Abdel Mohsen Al-

Fares Member of the Board (Non-Executive)

  • Mr. Marzouk Al-

Ghanim Member of the Board (Non-Executive)

  • Mr. Assad Al-Banwan

Member of the Board (Non-Executive)

  • Mr. Hussein Al-

Kharafi Member of the Board (Non-Executive)

  • Mr. Ayman Laz

Member of the Board (Non-Executive) Sheikh Mubarak Abdulla Al-Mubarak Al-Sabah Member of the Board (Non-Executive) Sheikh Fahd Hamed Abdulah El Sabah Member of the Board (Non-Executive)

  • Eng. Amin Abaza

Member of the Board (Non-Executive) Independent

  • Mr. Talal Jassim Al-

Khrafi Member of the Board (Non-Executive)

  • Mr. Husam Mohamed

El-Sayed Member of the Board (Non-Executive)

  • Eng. Ismail Osman

Member of the Board (Non-Executive)

  • Mr. Mohamed Kamel

Member of the Board (Non-Executive) Marzouk Al Kharafi Member of the Board (Non-Executive)

  • Mr. Hussam Al

Kharafi Member of the Board (Non-Executive)

  • Mr. Waleed El Zorba

Member of the Board (Non-Executive) Independent

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SLIDE 28

Egypt Kuwait Holding | Investor Presentation 28 28

MANAGEMENT TEAM

  • Mr. Moataz Al-Alfi

Chairman of the Board and Chief Executive Officer

  • Mr. Sherif El Zayat

CEO

  • Mr. Ayman Laz

Advisor to the Chairman and CEO

  • Mr. Medhat Bonna

Group Chief Financial Officer

  • Mr. Khaled El-

Demerdash Group Legal Counsel

  • Mr. Tamer Badrawi

Chief Human Resources & Communication Officer

  • Mr. Hany Azzam

Head of Corporate Governance

  • Mr. Hany Ezzat

Group Treasurer

  • Mr. Sayed Hussein

Sector Head — Cement

  • Mr. Alaa El Banna

Senior Sector Head - Fertilizers & Upstream Oil & Gas

  • Mr. Elhamy El Sheikh

Senior Sector Head - Gas Distribution & Electricity

  • Mr. Haitham Abdel

Moneim Investor Relations Director

  • Mr. Ashraf Abdel Aziz

Corporate Commercial Director

  • Mr. Mahmoud Hamza

General Legal Counsel – International

  • Mr. Mohamed Wafaei

Head of Internal Audit

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SLIDE 29

Egypt Kuwait Holding | Investor Presentation 29 29

KEY MIL ILESTONES

1997

Establishment of Egypt Kuwait Holding (EKH)

1998

Establishment of NatGas (gas distribution company, with current partners including Royal Dutch Shell and GAIL India)

1999

  • NatGas commences
  • perations
  • Initial acquisition of a

significant stake in Delta Insurance (an Egyptian insurance company)

2002

Acquisition of majority stake in Egyptian Glass Company (EGC) (at the time the largest glass manufacturer in North Africa) through a joint venture with Guardian Industries

2003

  • Establishment of AlexFert (nitrogen fertilizer plant)
  • Acquisition of 11.75% in Egyptian Ferilizer Company (EFC)

(nitrogen fertilizer plant)

  • Acquisition of a minority stake in Fayum Gas (gas

distribution company)

  • Establishment of Nubaria Gas (gas distribution company)
  • Establishment of Kahraba (provides electrical and

thermal energy solutions)

2004

Acquisition of an additional stake in Delta Insurance

2005

Participated in the bidding process to acquire 100% of EFC, which ultimately led to the divestiture of the stake

2006

  • AlexFert commences
  • perations
  • Establishment of Egyptian

Tanker Company (ETC) (crude marine transport services)

  • Establishment of Gas Chill

Company (provides cooling/heating systems)

2007

  • Capital increase by means of a c.USD 100 million

rights issuance

  • Acquisition of Sprea and Plastichem (chemicals

company)

  • Establishment of Building Materials Industries

Company (BMIC) (cement production company)

  • Acquisition of a controlling stake in Fayum Gas

through a joint venture with GAIL India

2008

  • Establishment of

Nile Takaful and Nile Family Takaful (an Egyptian insurance company) as a joint venture with Tokyo Marine

2009

  • Divestiture of EGC

to Guardian Industries

2011

  • Investment in

Egyptian Hydrocarbon Corporation (EHC) (mining grade ammonium nitrate Plant)

2012

  • BMIC begins
  • perations

2013

  • Divestiture of Nile Takaful to

Tokyo Marine

  • Investment in a global

infrastructure fund management company

2014

  • Completion of a

capital increase by means of a c.USD 110 mn rights issuance

2016

  • Sprea comments production
  • f Sulfonated Naphthalene

Formaldehyde (SNF) with design capacity of 66,000 tpa.

  • Acquiring additional 9% of

Natgas raising EKH

  • wnership to 84%

2015

  • Acquiring 18% of

Natgas raising EKH

  • wnership to 57%

2017

  • Divestiture 26% of EHC to

Carbon Holding

  • Divestiture 30% of Isquared

2018

  • Acquiring additional

23.4% in Delta insurance raising EKH ownership to 55.4%

  • ONS commenced
  • perations
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SLIDE 30

Egypt Kuwait Holding | Investor Presentation 30 30

CORPORATE CITI ITIZENSHIP

Corporate Governance

Egypt Kuwait Holding (EKH) is committed to promoting a responsible, ethical business culture which safeguards the interests of our shareholders, stakeholders, and the environment in which we operate. EKH assesses its policies and performance with respect to its Business Principles; Code of Conduct; Health, Safety, Security and Environment (HSSE) policies; and major issues of public concern on behalf of the

  • Board. Our corporate governance policies and practices are guided by internationally recognized standards such as the OECD Principles of

Corporate Governance.

Corporate Social Responsibility (CSR) Projects

From its support of NGOs through applications and donations, to its involvement in spreading software knowledge to Egyptian universities, Egypt Kuwait Holding is proud to have participated in numerous educational initiatives since 2014. EKH offers assistance to surrounding schools, supplying them with computers to further develop students’ cognitive and technical skills and providing support for renovating the infrastructure of the educational institutions. EKH is an active supporter of Injaz Egypt, an organization working to bridge the gap between the education system and the private sector. In partnership with the Ministry of Education and multinational and national companies, the program has positively impacted 500,000 Egyptian students in more than 451 public schools and 21 universities in 26 governorates since its establishment in 2003. Injaz Egypt is a member nation of Junior Achievement, a global economic education organization with a presence in over 100 countries, impacting over 8 million youth worldwide Egypt Kuwait Holding (EKH) prides itself on actively participating in sustainable development, focusing on improving communities in the emerging economies in which it does business and working diligently to create a better future for coming generations. From educational initiatives and contributions to NGOs and charities, to stringent measures aimed at minimizing its environmental footprint, EKH remains deeply committed to ensuring a sustainable future.

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SLIDE 31

Egypt Kuwait Holding | Investor Presentation 31 31

Haitham Abdel Moneim Investor Relations Director Telephone : +202-3363300 Fax : +202-3358989 E-mail : hmoneim@ekholding.com Website : www.ekholding.com