August 2018 Agenda ODH : Leading Developer of Fully Integrated - - PowerPoint PPT Presentation

August 2018

ODH : Leading Developer of Fully Integrated Towns

Projects Overview Appendix Operational, Financial Summary and Outlook

Agenda

58% 20% 10% 12% Egypt Oman UAE Montenegro

47% 37% 10% 5% Hotels Real Estate Town Management Tamweel Group

Company Overview

1H 2018 Revenue contribution by Business segment 1H 2018 Revenue contribution by country

▪ A leading developer

• f

fully integrated destinations, with over 29 years of experience and a proven track record of sustainable development, including hotels, villas, apartments, leisure facilities such as golf courses, marinas and supporting infrastructure. ▪ ODH boasts a diversified portfolio of destinations spread over 7 jurisdictions. ▪ ODH owns a land bank of 100.2 mn sqm of which 25.4% is completed and still 74.7 mn sqm to develop & a hospitality portfolio of 6,756 rooms. Destinations Key Facts

Egypt Oman UAE Montenegro Total Land Bank Other Projects Number of Hotels Number of Rooms 49.0 mn sqm 25 Hotels 5,099 Rooms 20.8 mn sqm 4 Hotels 971 Rooms 0.3 mn sqm 1 Hotel 475 Rooms 6.9 mn sqm 1 Hotel 111 Rooms 23.2 mn sqm 1 Hotel 100 Rooms Total 100.2 mn sqm 32 Hotels 6,756 Rooms Real Estate units sold (1H 2018) 249 Units 185 Units

• 16 Units
• 450

Units

ODH, a leading fully integrated developer with a portfolio of diversified assets

CHF 155.6mn CHF 155.6mn

3

ODH properties overview

Destination Name Total Land Bank Completed area Under construction Under development Undeveloped area Number of Hotels Number of Rooms EGYPT 49.07 14.75 5.74 1.73 26.85 25* 5,099 El Gouna 36.92 9.57 5.38 1.30 20.67 17 2,654 Taba Heights 4.27 2.56 0.00 0.02 1.69 6 2,365 Harram City 2.60 1.93 0.25 0.24 0.18

• Fayoum

1.08 0.26 0.08 0.08 0.67 1 53 Qena Gardens 0.80 0.00 0.00 0.01 0.79

• Makadi Heights

3.39 0.43 0.03 0.08 2.85

• UAE

0.29 0.29 0.00 0.01 0.01 1 475 The Cove 0.29 0.29 0.00 0.01 0.01 1 475 OMAN 20.84 2.53 0.16 3.06 15.09 4 971 Jebel Sifah 6.20 0.93 0.04 0.82 4.41 1 67 Hawana Salalah 13.60 1.60 0.12 1.44 10.44 3 904 As Sodah Island 1.00

• 0.80

0.20

• City Walk

0.04

• 0.04
• SWITZERLAND

1.57 1.22 0.07 0.27 0.00 1 100 Andermatt 1.57 1.22 0.07 0.27 0.00 1 100 MOROCCO 15.00 0.00 0.00 3.00 12.00

• Chbika

15.00 0.00 0.00 3.00 12.00

• MONTENEGRO

6.92 0.03 0.74 0.29 5.86 1 111 Luštica Bay 6.92 0.03 0.74 0.29 5.86 1 111 UNITED KINGDOM 6.54 0.00 0.00 0.00 6.54

• Eco-Bos

6.54 0.00 0.00 0.00 6.54

• Total

100.2 18.81 6.71 8.36 66.34 32 6,756

* The number of hotels in Egypt includes the floating hotel with 27 rooms 4

Unique, Vertically Integrated, Business Model…

Acquisition Phase Development Phase Operational Phase

Initial destination concept Detailed destination concept Marketing concept and sales strategy Product sign-offs Start of sales Start of construction Internal / Operator hand over Buyer hand over / opening Start of operation Periodic assessment of performance and service quality New destination identification acquisition & initial concept Land Bank Value Creation Real Estate Hotel Development Destination Development Project Management Planning & Design RE Owner Services Hotel Operations Destination Operations Operations Management Property & Facility Management Construction

5

2016: New Management, Situation Analysis and Identified Challenges

Challenges and development areas related to strategy and internal structure ▪ Performance largely dependent on El Gouna, Egypt. ▪ Most international destinations still in the ramp-up phase. ▪ Financial pressure resulting from: negative operating cash flows, current debt levels and investment requirements. Increased complexity in company structure requires organizational adjustments ▪ KPIs distribution is not granular enough. ▪ Responsibility matrix leads to redundancies. ▪ BU structure hinders development of the Group. ▪ Project management inefficiencies.

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Repositioning & enhancement of ODH’s brand

▪ Delisting of ODH’s EDRs from the EGX. ▪ Explore the first & second home markets in Cairo/North Coast in Egypt. ▪ Position ODH Brand with the “Life as it should be” statement across all destinations. ▪ Maintain an

• pen

and active market presence with the investor, analyst & shareholder community.

Establishment of enhanced business practices

• 1. Destination based structure:

▪ Each destination to become a separately managed entity, with a tailored commercial strategy and financing plan, headed by its

• wn CEO or General Manager.
• 2. Continuous land value creation:

▪ Developing a targeted short-term development plan in each destination that complements the Group’s 3-5 year business view. ▪ Identified specific land plots for sale or sub- development of projects that add value to the destination. ▪ Providing the market with an updated fair value of the remaining undeveloped land bank through an external valuator.

Strengthening ODH balance sheet

▪ Take

• ut

the necessary impairments on the investments that will not generate value. ▪ Reduce the debt balance in Egypt and Restructure company’s debt in the other destinations. ▪ Monetize non-core assets and minority stakes in certain destinations.

… Accordingly, adopted and has since successfully executed, and continues to execute on a three pillar strategy that was communicated to the market in June 2016

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1) Establishment of Enhanced Business Practices

Destination Based Structure

Implemented the destination based structure, pushing more authority & responsibility on the ground for each destination, to better increase

• perational efficiency.

Hawana, Salalah

0.2 0.8 1.9 2.7 3.0 4.7 6.2 7.6 48% 67% 75% 70%

1H 2015 1H 2016 1H 2017 1H 2018

GOP Revenues

• Occ. Rate

Hotels KPIs (OMR mn) 0.4 0.5 0.1 4.7 4 2 1 95

1H 2015 1H 2016 1H 2017 1H 2018 Value of Contracted Units (OMR mn) Number of Units 904 784 700

• No. of rooms

Real Estate KPIs (OMR mn)

El Gouna, Egypt

45 20 179 271 184 156 383 531 65% 52% 75% 80%

1H 2015 1H 2016 1H 2017 1H 2018

GOP Revenues

• Occ. Rate

Hotels KPIs (EGP mn) Real Estate KPIs (EGP mn) 467 434 348 705 1,073 135 93 129 166

1H 2015 1H 2016 1H 2017 1H 2018 Value of Contracted Units (EGPmn) Number of Units

8

12% 51% 7% 8% 22%

EGP USD EUR AED OMR

Debt Reduction and Restructure ▪ Reduction of debt balance in Egypt through proceeds from sale of non core assets & excess cash from operation to reach optimal leverage ratios. ▪ Restructure and grow the balance elsewhere to match the expansion plans in the other destinations.

2) Strengthening ODH balance sheet

Total debt by country (June 30, 2018) Total debt by currency (June 30, 2018) CHF 350.1mn

68% 22% 8% 2%

Egypt Oman UAE Montenegro

CHF 350.1mn

9

2) Strengthening ODH balance sheet Cont’d

12% 51% 7% 8% 22%

EGP USD EUR AED OMR

6% 47% 7% 8% 31%

EGP USD EUR AED OMR Current nt Ma Matur urity Profi

• file

e & Balanc ance e in 2018 18 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 Ma Matur urity Pr

Prof

• file afte

ter r ODE DE Re Resch cheduling

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 68% 22% 8% 2% Egypt Oman UAE Montenegro Current nt Debt bt by Coun untry

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 bt by Coun untry after er ODE Resc sche hedu duling ng Debt bt by Coun untry after er Oman an Resc sched hedul uling ng 58% 31% 8% 3% EGYPT Oman UAE Montenegro

10

Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 ODH SPI Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 ODE EGX30

3) Repositioning & Enhancement of ODH’s brand

ODH vs. SPI Index (Jan. 1, 2016 – August 20, 2018)

ODHN.SW FY 2015 FY 2016 FY 2017 YTD Aug. 20th % Return (47.7%) (50.6%) 115.7% 23.6% Close price (CHF) 10.25 5.11 11.0 13.60

• Mkt. Cap (CHFmn)

414.4 206.4 444.4 549.4

• Av. Daily Volume

20,579 19,433 25,058 49,688

Management took the decision to delist ODH’s EDRs from the Egyptian Stock Exchange (EGX). The Delisting took place in May 2017; and had a positive effect on ODH’s and ODE’s stock price and trading volume.

ORHD.CA FY 2015 FY 2016 FY 2017 YTD Aug. 20th % Return (56.10%) (5.39%) 279.1% 33.9% Close price (EGP) 1.34 1.26 4.75 6.36

• Mkt. Cap (EGPmn)

1,477.6 1,398.0 5,257.9 7,048.8

• Av. Daily Volume

496,400 1,030,560 1,812,630 1,508,358

ODE vs. EGX Index (Jan. 1, 2016 – August 20, 2018)

EGX 118% ODE 375% ODH 33% SPI 20%

11

And ndermatt - Switz Switzerla land

12

Agenda

ODH: Leading Developer of Fully Integrated Towns

Projects Overview

Appendix Operational, Financial Summary and Outlook

El Gouna - World Class Destination on the Egyptian Red Sea Coast

Visitors Breakdown by Nationality in 1H 2018

▪ Total land area : 36.92 million sqm ▪ Number of hotels and rooms: 17 hotels with 2,654 rooms (five 5 *s , nine 4 *s and three 3*s) ▪ A private, self-sufficient town built on 10 km of the Red Sea coastline and located north of Hurghada, 35 km from the Hurghada International Airport ▪ The town offers a range of facilities such as a hospital, two 18-hole championship golf courses, three marinas, four schools, a library, and two universities branches

Real Estate KPIs Destination Update ▪ Net sales increased by 50% to CHF 58.5mn in 1H 2018. ▪ Hotels GOP increased by 49.0% to CHF 14.9mn vs. CHF 10mn in 1H 2017. ▪ Finalized the renovation works in Turtles Inn hotel & 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 El Gouna’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 1st Division League & for that we finalized renovation across El Gouna stadium. ▪ Hosting the 2nd edition of El Gouna Film Festival in Sep. 2018.

Overview

51% 21% 15% 5%5% 3% Germany Egypt Others Netherland Belgium Swizerland 52 49 54 43 52 48 53 46 50 61 59% 68% 57% 75% 78%

2014 2015 2016 2017 1H 2018 ARR TRevPar

• Occ. Rate

41.5 61.1 85.5 79.1 58.5 2.5 2.5 2.7 1.9 2.1

2014 2015 2016 2017 1H 2018 Value of Contracted Units, CHFmn Average Price/sqm, CHF 000's 121 183 197 258 166 No of Units Hotels KPIs, CHF

14

Taba Heights – Sinai’s Premium Destination

Hotel KPIs, CHF 28 43 26 21 25 18 18 22 10 10 29% 20% 30% 27% 22%

2014 2015 2016 2017 1H 2018 ARR TRevPar

• Occ. Rate

Visitors Breakdown by Nationality as of 1H 2018 Destination Update ▪ Taba Heights remains the most challenging destination for the group due to the extended travel bans on Sinai. ▪ To date, we have 1,260 operating rooms out of 2,365 rooms. ▪ Hotels revenues increased by 76.9% to CHF 2.3mn vs. CHF 1.3mn in 1H 2017. ▪ The destination is expected to cash breakeven in FY 2018. ▪ Total land area : 4.27 million sqm ▪ 6 hotels; 2,365 rooms (five 5* s and one 4 *s) ▪ Taba Heights is situated between the mountain ranges of the Sinai Peninsula only 25 km away from Taba International Airport ▪ The town offers a marina and a golf course alongside a wide range of facilities such as a medical center, child daycare services, a school, and a vibrant up-town center

Overview

47% 22% 14% 11% 6% Egypt Jordan Others Israel UK

15

0.2 0.3 0.6 0.2 0.5 0.8 0.6 0.5

• 0.1

2015 2016 2017 1H 2018

Value of Contracted Units, CHFmn Average Price/sqm, CHF 000's

Byoum – The Heart of Fayoum, On Lake Qarun

▪ Total land area : 1.08 million sqm ▪ One 4* hotel with 53 rooms ▪ Located 100 km southwest of Cairo overlooking the spiritual lake of Qarun. Plans are set to develop two luxury residential communities, hotel, hunting lodge, commercial area and a beach club. Real Estate KPIs 49 37 66 34 23 23 43% 39% 23%

2016 2017 1H 2018

ARR TRevPar

• Occ. Rate

Hotel KPIs, CHF Overview 3 4 12 2

No of Units

16

Makadi Heights - The First Gated Community In The Heart Of Hurghada

Real Estate KPIs ▪ We started an aggressive sales and marketing campaign to revive Makadi destination. We launched a new project in April 2018 with a total inventory of CHF 11.1mn. ▪ Net sales reached CHF 6.0mn in 1H 2018 vs. CHF 0.03mn in 1H 2017. ▪ Opened Makadi Heights club house during Q1 2018. ▪ On track with finalizing all necessary documentation for the sale of 3 hotels in Makadi for a total EV of CHF 49.0mn with cash proceeds of CHF 27.4mn and the deconsolidation of CHF 14.4mn of debt . ▪ Sold Citadel Azur hotel in Sahl Hashish for an EV of CHF 49.5mn. This sale resulted in cash proceeds of c. CHF 31.7mn & the deconsolidation of c. CHF 17.8mn of debt. Destination Update 3.0 1.0 0.1 0.1 6.0 0.60 0.64 0.48 0.26 0.86

• 0.10

2014 2015 2016 2017 1H 2018

Value of Contracted Units, CHFmn Average Price/sqm, CHF 000's

▪ Total land area : 3.39 million sqm ▪ Makadi is the first gated community in the Hurghada region, only 30 km away from Hurghada International

• Airport. The town features residential units and hotels, along with spacious commercial area, a medical

center, among other services

Overview 57 20 1 2 81

No of Units

17

Jebel Sifah- A Tranquil Haven

Visitors Breakdown by Nationality as of 1H 2018

• Total land area: 6.2 million sqm
• Jebel Sifah is a charming resort town located 30 km from the Omani Capital’s city center
• 1 Operating Hotel Sifawy Boutique Hotel, with a capacity of 67 rooms
• The town will encompass 950 residential units, including already completed apt blocks, Inland marina,

a 9-hole championship golf courses designed by Peter Harradine, commercial centers Hotel KPIs, CHF Real Estate KPIs 5.7 3.6 4.3 15.9 8.9 13.6 2.4 2.9 2.4 1.9 1.8 1.9

2013 2014 2015 2016 2017 1H 2018 Value of Contracted Units, CHFmn Average Price/sqm, CHF 000's

▪ 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. Destination Update

Overview

12 5 5 79 61 90 No of Units

119 144 143 141 135 81 100 113 106 100

31% 33% 38% 37% 39%

2014 2015 2016 2017 1H 2018 ARR TRevPar

• Occ. Rate

93% 7% Oman Others

18

Hawana Salalah– A Self-sufficient Tropical Oasis on the Arabian Sea

• Total land area: 13.6 million sqm
• The destination is located only 25 km away from Salalah Airport and approximately 90 minutes flight from most GCC

countries

• 7 planned hotels (1,800 rooms), of which the Juweira Boutique, Al Fanar Hotel and Rotana are already operational,

with 82 rooms, 400 rooms and 422 rooms, respectively

• The town will encompass, residential units, 200 berth marina; the Marina Town where 45 shops are already operating,

commercial centers and a water park ▪ Net sales increased almost 60 times to CHF 11.8mn in 1H 2018. ▪ 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. ▪ Opened 122 new hotel rooms by end of Dec. 2017, thus bringing the number of hotel rooms to 904 vs. 782 rooms in 1H 2017. Occ. 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.

Visitors Break Down by Nationality as of 1H 2018 Hotel KPIs, CHF Real Estate KPIs

3.7 10.3 4.1 0.3 16.5 11.8 2.4 4.0 3.7 3.2 1.5 1.7

2013 2014 2015 2016 2017 1H 2018 Value of Contracted Units, CHFmn Average Price/sqm, CHF 000's

Destination Update

Overview

9 41 15 1 140 95 No of Units

141 110 114 106 109 97 102 114 117 118 33% 54% 69% 72% 70%

2014 2015 2016 2017 1H 2018 ARR TRevPar

• Occ. Rate

19

36% 15% 18% 11% 10% 5% 5% Germany Oman Others Poland Italy KSA

The Cove –5-Star Beachfront Getaway for Leisure and Relaxation

20

Visitor's Breakdown by Nationality as of 1H 2018 ▪ Total land area : 0.3 million sqm ▪ Located 8km from RAK city center, 20km from RAK Airport, and 87 km from Dubai city center. The Resort has a built up area of 77,108 sqm and 600 meter of pristine beach overlooking the Arabian

• Gulf. The hotel is operating since 2009, The Cove is family-oriented and targets both international

as well as local guests. ▪ In June 2017, we opened 142 extension rooms of the. Hotel KPIs, CHF Destination Update ▪ Hotel revenues increased by 12.7% in 1H 2018 to reach CHF 15.1mn vs. CHF 13.4mn in 1H 2017.

Overview

44% 26% 8% 4% 3% 3% 12%

Germany UAE Russia Poland Switzerland Czech Republic Others

161 165 165 157 140 203 196 213 184 176 75% 70% 78% 72% 75%

2014 2015 2016 2017 1H 2018 ARR TRevPar

• Occ. Rate

15.4 19.1 22.0 11.1 17.3 17.2 16.0 4.1 4.3 4.4 4.8 5.9 4.8 6.4

• 5.0

2012 2013 2014 2015 2016 2017 1H 2018 Value of Contracted Units, CHFmn Average Price/sqm, CHF 000's

Lustica Bay – Montenegro

▪ Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm ▪ The land is held on a leasehold agreement for 99 years starting 2009. Starting 2014 the company will pay an annual rent fee of EUR 1.0 mn per year for a period of 10 years ▪ One 5 stars Hotel with 111 rooms ▪ The project is planned to include 1,820 residential units, 7 hotels with a total capacity of 1,200 rooms and two world-class marinas with an operating capacity of 226 berths, 18-hole championship golf Course (Gary Player Signature Course) Real Estate KPIs ▪ 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. Destination Update

Overview No of Units 43 48 41 24 37 56 16

21

Chbika ▪ Located South of Agadir on the Atlantic Ocean, Chbika has a total land bank of 15.0 mn sqm split into two phases with land areas of 5.0 mn sqm and 10.0 mn sqm, respectively. ▪ Chbika’s plan encompasses mix of villas apartments and mansions, in addition to 3 hotels with a total capacity of 1,000 rooms. ▪ Ongoing negotiations for raising the needed funds to develop the 3 hotels.

Other Projects

Eco-Bos ▪ Located in the UK, Eco-Bos is one of four projects to receive the ‘Eco-town’ accreditation. ▪ The project, comprising seven land parcels, includes the redevelopment of 700 hectares of former industrial land, developing 5,500 new homes and creating over 5,000 jobs. ▪ Designed to deal with dispersed rural travel and deliver a highly sustainable transportation network. ▪ Low Carbon Communities, Building energy and resource efficient homes with computer-based technologies to efficiently manage energy and water resources. Andermatt ▪ Andermatt Swiss Alps is a first-rate holiday destination with a land bank of 1.5 mn sqm offering broad activity and lifestyle pursuits. ▪ The project is planned to include 490 apartments, 25 exclusive villas, and 6 hotels with a capacity of 844 rooms and a ski arena. ▪ The Radisson Blu hotel with 180 rooms is being built together with Gotthard Residences, expected to opened in October 2018. ▪

• Mr. Samih Sawiris has become the new majority shareholder of ASA with a 51% share by converting his loans to

the Group into ASA equity, ODH now is owns 49% and ASA is deconsolidated from the Group’s financials.

Overview Overview Overview

22

Hawana Salalah - Oman

23

Agenda

ODH: Leading Developer of Fully Integrated Towns Projects Overview

Operational, Financial Summary and Outlook

Appendix

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.

25

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 Luštica 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.

26

Business Segments 1H & Q2 2018

Revenue EBITDA

• Adj. EBITDA1

(CHF mn) 1H 18 1H 17 Δ in % 1H 18 1H 17 Δ in % 1H 18 1H 17 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 18 Q2 17 Δ in % Q2 18 Q2 17 Δ in % Q2 18 Q2 17 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%

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 & Montenegro. This is usually the case at first until the appropriate volumes and economies of scale are reached then it turns around positively.

27

Revenue Contribution by Country

Country Revenue Contribution as of December 31, 2016 66% 22% 0% 12% Egypt Oman Montenegro UAE CHF 237.4mn Hotels’ Revenue Contribution as of December 31, 2016 51% 26% 23% Egypt Oman UAE CHF 120.2mn 52% 28% 21% Egypt Oman UAE Country Revenue Contribution as of June 30, 2018 CHF 155.6mn Hotels’ Revenue Contribution as of June 30, 2018 CHF 70.3mn 58% 20% 10% 12% Egypt Oman UAE Montenegro 28

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*

* Figures are rounded to the nearest decimal point.

(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 * 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.

30

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.

31

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.

32

Income Statement

(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 operational 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 of 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 of the profitability of the subsidiaries.

1

2

4

3 4 5

5

33

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 of 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

34

(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

Cash Flow Statement

* Includes cash related to assets held for sale.

Notes Cash flow from operations increased due to the enhanced operational 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 3 4 5 6 4 5 6

35

Developed Area Undeveloped Area Investment held in associates El Gouna Andermatt The Cove Taba Heights Makadi Hawana Salalah Jebel Sifah Lustica Chbika Eco Bos As Sodah City Walk

Our ultimate goal is to speed up the development and maturity of all our destinations towards the successful “El Gouna Model” and increase their contribution to the Group’s revenue

Ultimate Goal of ODH’s Management Still Remains …..

Developed Area Undeveloped Area Investment held in associates El Gouna Andermatt The Cove Taba Heights Makadi Hawana Salalah Jebel Sifah Lustica Chbika Eco Bos As Sodah City Walk

FY 2016 FY 2017

36

Agenda

ODH: Leading Developer of Fully Integrated Towns Projects Overview Operational, Financial Summary and Outlook

Appendix

Lustica- Montenegro

38

88 95 115 126 99 265 254 319 538

2014 2015 2016 2017 1H 2018 Value of Contracted Units (CHFmn) Number of Units (26) (24) (9) 19 11 2014 2015 2016 2017 1H 2018 21 28 36 48 30 119 124 120 131 73 50% 56% 53% 63%

50 100 150

2014 2015 2016 2017 1H 2018 GOP Revenues

• Occ. Rate

251 306 237 244 156 2014 2015 2016 2017 1H 2018

Today ODH’s Operational and Financial Stance

Group Hotels KPIs (CHFmn) Group Real Estate KPIs (CHFmn) Group Cash Flows (CHFmn) Group Revenues (CHFmn)

25 81 20 33 35 2014 2015 2016 2017 1H 2018

Group Adj. EBITDA (CHFmn)

450 63%

39

Income Statement, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 2016 2017 1H 2018 Egypt 208 211 161 179 220 158 149 90 Oman 6 18 15 30 36 47 43 32 UAE 27 30 29 27 27 29 30 16 Montenegro

• 19
• 21

18 Others 15 14 17 14 4 3 1

• Total Revenues

256 272 221 251 306 237 244 156 Cost of sales (208) (219) (187) (188) (209) (189) (181) (106) Gross Profit 48 53 34 63 97 48 63 50 % Margin 19% 19% 15% 25% 32% 20% 26% 32% Administrative expenses (81) (66) (71) (45) (39) (47) (36) (18) Investment income 12 6 5 4 10 6 7 3

• Adj. EBITDA

(21) (7) (32) 22 68 7 34 35

• Adj. EBITDA Margin%
• 44%
• 13%
• 94%

35% 70% 15% 54% 23% Other gains and losses (13) (33) (39) 93 (7) (144) 8 (8) Share of losses of associates (5) (1) (10) (9) (19) (17) (17) (8) EBITDA

• 39
• 41
• 81

106 42

• 154

25 19 Depreciation Expense (28) (30) (28) (25) (26) (37) (24) (11) Finance costs (8) (9) (31) (33) (34) (44) (36) (19) Income tax expense (0) (11) (21) (11) (4) (8) (6) (5) Profit/(Loss) from dis.

• perations
• (11)

(7)

• Total income statement

(76) (101) (167) 36 (22) (243) (41) (16) Non-controlling interests (7) (4) (10) (6) (3) (47) 0.03 (17) Owners of the Parent Company (70) (97) (158) 42 (19) (196) (41.4) 1 40

Balance Sheet, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 2016 2017 1H 2018 Cash & Bank Balances 79 102 73 101 168 81 99 125 Net Receivables 137 95 52 96 71 56 69 86 Due from Related Parties 45 18 17 37 35 20 24 26 Inventories 478 499 357 306 191 125 128 123 Other Current Assets 88 82 62 114 103 40 45 56 Total Current Assets 828 795 562 654 568 322 365 416 Property, Plant & Equipment 969 1,003 767 887 940 763 765 738 Investment Property 76 79 10 12 11 5 7 8 Goodwill 8 7 7 7 6 3 3 3 Investment in Associates 29 19 104 112 101 79 61 53 Long-Term Receivables 102 94 33 84 165 42 38 40 Other Non-Current Assets 70 85 42 25 18 4 2 2 Assets Held for Sale

• 150
• 67

107 112 Total Assets 2,083 2,083 1,673 1,781 1,809 1,285 1,348 1,372 Trade and Other Payables 58 50 30 37 30 36 39 39 Borrowings 282 324 198 274 282 232 263 44 Due to Related Parties 6 17 16 3 2 1 4 4 Current Tax Liabilities 6 5 3 6 5 2 6 5 Provisions 90 79 96 83 82 69 65 63 Other Current Liabilities 204 260 196 228 165 123 179 184 Total Current Liabilities 645 735 550 631 566 467 556 339 Land Liabilities 32 32 26 23 17 12 13 11 Borrowings 254 279 211 258 225 138 112 306 Other Non-Current Liabilities 58 60 46 48 44 23 21 21 Liabilities Held for Sale

• 79
• 54

84 87 Total Liabilities 990 1,106 911 960 852 694 786 764 Minority Interest 241 236 219 200 232 140 149 159 Shareholders' Equity 853 740 543 621 725 451 412 449 Total Liabilities & Equity 2,083 2,083 1,673 1,781 1,809 1,285 1,348 1,372 41

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%

42

Hawana Salalah, Oman 1H 2018 Updates

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%

43

Jebal Sifah, Oman 1H 2018 Updates

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%

44

Luštica Bay, Montenegro and Makadi Heights Egypt 1H 2018 Updates

Luštica Bay 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% Makadi Heights 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%

45

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%

46

Khaled Bichara ODH Chief Executive Officer ▪ Mr. Bichara previously served as Group President and Chief Operating Officer of VimpelCom. He was also Chief Executive Officer of Orascom Telecom Holding, Chief Operating Officer of Wind Telecomunicazioni and Co-founder, Chairman and CEO of “LINKdotNET” ▪ Mr. Bichara currently serves as a board member of various telecom and IT companies, including Orascom Telecom Media and Technology Holding, SUPERNAP International, and Joyent ▪ He is the chairman of the board of Italiaonline, as well as the chairman of the board of SEAT Pagine Gialle. He is also a board member of Orascom Construction Limited ▪ Mr. Bichara holds a BSc degree from the American University in Cairo and is also a member of the Advisory Board for its Computer Science and Engineering Department Ashraf Nessim ODH Chief Financial Officer ▪ Eng. Nessim has more than 20 years of experience in various fields including finance, infrastructure and hospitality ▪ Prior to joining the group he was the Chief Financial Officer representing Beltone Private Equity in their Pick Albatros Investment ▪ From 2007 to 2010 he was the Group Chief Financial Officer of Mobiserve and before that, he established the operation

• f Raya Distribution in Algeria and managed merchandising activities in all 34 shops of Nokia and Samsung in Egypt

▪ Mr. Nessim holds a Bachelor degree in Mechanical Engineering Abdelhamid Abouyoussef ODH Chief Hotel Officer ▪ Eng. Abouyoussef started his career in design and installation of hotel electro-mechanical systems in 1998 and then moved to project management in hotel construction, in addition to being the owners’ representative at Amphoras Holiday Inn, Sharm El Sheikh ▪ He then founded his own company, Shores Hotels currently managing 1,600 rooms across Egypt. He also founded a travel agency ▪ He helped develop Orascom Hotels Management, a JV between ODH and Shores, to manage OHD’s entire hotels portfolio ▪ Eng. Abouyoussef received his B.S. in Mechanical Engineering from the American University in Cairo and a Masters of Science degree from the University of California at Berkeley Nermine Faltas Chief HR & Organization Development Officer ▪ Mrs. Faltas has more than 20 years of multi-disciplinary experience in Human Capital, Organizational Development, IT and Process Re-engineering ▪ She started her career in 1995 as a software engineer, then joined LINKdotNET as Project Manager where she grew interest in organization development and was appointed to HR & Operations Sr. Manager and became VP for Operations & Human Capital at A15 ▪ She obtained her BSc in Computer Science from the American University in Cairo in 1995 and is a PROSCI Certified change management practitioner, a Certified Trainer/Facilitator, a corporate a Co-active coach, accredited by the International coaching federation, and in addition she holds a certification in HR competency analysis profiling from HRCG Canada Tarek Gadallah ODH General Counsel ▪ Mr. Gadallah has extensive experience in mergers and acquisitions, private equity, restructuring, and debt and equity capital markets transactions ▪ Prior to joining the group, Tarek spent eight years as senior partner with a top tier law firm in Egypt. Prior to his private practice, he worked as Group General Counsel of a regional investment bank where he handled a variety of debt and equity transactions in Egypt and GCC region ▪ Tarek received his Master of Law from Cairo University and Executive Education in accounting and finance from Wharton Business School and Cambridge Judge Business School

▪ Seasoned management team with the requisite experience to deliver on the Company’s long term strategy

…Driven by a strong management team…

47

Samih O. Sawiris Chairman, Non- Executive Member ▪ Mr. Sawiris founded his first company, National Marine Boat Factory in 1980, established Orascom Projects for Touristic Development & Orascom Hotel Holding in 1997. The two companies later merged to form Orascom Hotels and Development S.A.E. ▪ Furthermore, he established El Gouna Beverages Co. in 1997, which he sold in 2001 when it was the largest beverage company in Egypt ▪ Diploma in economic engineering from the Technical University of Berlin Adil Douiri Non- Executive Member ▪ Mr. Douiri is the founding shareholder and CEO of Mutandis, a Moroccan consumer goods manufacturing group established in 2008 ▪ Served in His Majesty King Mohamed VI’s Government as Minister of Tourism (2002-2004) and later as Minister for Tourism, Crafts and Social Economy (2004-2007) ▪ In 1992 Mr. Douiri founded Casablanca Finance Group (later renamed CFG Group), the country’s first investment bank. ▪ Mr. Douiri graduated as an engineer from the Ecole Nationale des Ponts et Chaussées (ENPC) in Paris Franz Egle Non- Executive Member ▪ Mr. Egle has background is in strategy development, corporate communications, media and PR. After holding senior positions in the private sector he was in charge of communications at the Swiss Federal Department of Foreign Affairs & advisor to the Minister of Foreign Affairs (1993-1998) ▪ Before co-founding Dynamics Group, a Swiss company providing strategic consulting, communication management & research analysis, Mr. Egle was a partner

• f

Hirzel.Schmid Nef Konsulenten, a communication & financial consultancy firm (1999-2006) ▪ Mr. Egle holds a Doctor’s degree in sociology from University of Zurich. Jürgen Fisher Non- Executive Member ▪ Mr. Fischer is the founder of “The Pearl Management Consultants” in

• Dubai. He was CEO of Dubai Properties LLC, a major real estate

developer in the UAE ▪ He held several senior positions with Hilton International, and prior to that, he worked for the Walt Disney Company in different senior roles in Florida & Paris Since 2008 Fischer is a Non Executive Board member of Movenpick Hotels & Resorts & Non Executive Chairman since 2014 ▪ He graduated from the Ecole Hôtelière Lausanne, Switzerland and

• btained an MBA with Honors from IMEDE/ IMD, Lausanne

…And supported by a complementary Board of Directors…

Carolina Müler-Möhl Non- Executive Member ▪ Ms. Müller-Möhl is a Swiss founder, investor and philanthropist. She has managed and presided over the Müller-Möhl Group, a single-family office that actively manages the family's investments. She currently serves on the board

• f directors of Gebrüder Müller Immobilien AG, AG für die Neue Zürcher

Zeitung, a major media group in Switzerland, and is also a board member of Fielmann AG, Europe's largest optician ▪ She graduated as M.A. Political Science from Freie Universität Berlin. In recognition of her success and her philanthropic commitment, the World Economic Forum nominated her as a Young Global Leader in 2007 Marco Sieber Non- Executive Member ▪ Mr. Sieber took over the family owned company SIGA Holding Ltd. together with his brother in 1989, that he managed to transform into a company which

• perates internationally and which has over 450 employees

▪ SIGA develops and produces products for the construction sector, namely in the field of energy-saving sealings. ▪ He studied economics at the Business School in Lausanne Naguib S. Sawiris Non- Executive Member ▪ Mr. Sawiris is the Founder and CEO of Yup (2014-present), a San Francisco based education technology company. Yup provides on-demand personalized learning through mobile chat with over 500,000 student sign-ups. Yup has raised USD 7.5 million from leading tech and education investors including Index Ventures, Floodgate Fund, and Stanford University’s StartX Fund ▪ Mr. Naguib S. Sawiris attended Stanford University where he designed his own major, Economic and Enterprise Engineering Jürg Weber Lead Director, Non- Executive Member ▪ Division CEO of SIX Payment Services and Chairman of the Board of TWINT, Mr. Weber was CEO and partial owner of Boyner Financial Services in Istanbul and an entrepreneur in card issuing, purchase finance and payment services. Previously he was a consultant at McKinsey & Company where he served Swiss banking clients and later co-lead the founding of the Istanbul Office, leading to his nomination for Partner ▪ Mr. Weber holds an MBA with a Major in Finance and Strategic Planning from the Wharton School, University of Pennsylvania. He previously studied Civil Engineering at the School of Engineering in Switzerland and Microeconomics and English at the University of California

48

The Cove - UAE

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Dis Disclaimer

THESE MATERIALS ARE BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION AND ARE STRICTLY CONFIDENTIAL AND MUST NOT BE REPRODUCED, DISCLOSED OR FURTHER DISTRIBUTED TO ANY OTHER PERSON, OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. IN PARTICULAR, NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES OF AMERICA (THE "UNITED STATES") OR TO U.S. PERSONS OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS. NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT MAY BE TAKEN OR TRANSMITTED INTO, OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR TO ANY RESIDENT THEREOF. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF UNITED STATES, AUSTRALIAN, CANADIAN OR JAPANESE SECURITIES LAWS. THE DISTRIBUTION OF THIS DOCUMENT IN OTHER JURISDICTIONS MAY BE RESTRICTED BY LAW, AND PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS. THIS DOCUMENT DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS NOT AUTHORIZED OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE AN OFFER OR SOLICITATION. THE SECURITIES OF OD HOLDING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR THE BENEFIT OF “U.S. PERSONS” (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. OD HOLDING NOR ITS SHAREHOLDERS INTEND TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED STATES OR CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THIS DOCUMENT IS DIRECTED ONLY AT PERSONS (i) WHO ARE OUTSIDE THE UNITED KINGDOM OR (ii) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER") OR (iii) WHO FALL WITHIN ARTICLE 49(2)(a) TO (e) ("HIGH NET WORTH COMPANIES, UNICORPORATED ASSOCIATIONS ETC.) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). ANY PERSON WHO IS NOT A RELEVANT PERSON MUST NOT ACT OR RELY ON THIS COMMUNICATION OR ANY OF ITS CONTENTS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS COMMUNICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS. IN ANY EEA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY EEA MEMBER STATE, THE “PROSPECTUS DIRECTIVE”) THIS COMMUNICATION IS ONLY ADRESSED TO AND IS ONLY DIRECTED AT QUALIFIED INVESTORS IN THAT EEA MEMBER STATE WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE. THIS DOCUMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES AND IT DOES NOT CONSTITUTE A PROSPECTUS PURSUANT TO ARTICLES 652a AND/OR 1156 OF THE SWISS CODE OF OBLIGATIONS OR ARTICLES 32 ET SEQ. OF THE LISTING RULES OF THE SWX SWISS EXCHANGE. A DECISION TO INVEST IN SHARES OF THE GROUP SHOULD BE BASED EXCLUSIVELY ON THE ISSUE AND LISTING PROPECTUS PUBLISHED BY THE GROUP FOR SUCH PURPOSE. THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED TO LEAD TO THE CONCLUSION OF ANY CONTRACT OF WHATSOEVER NATURE, IN PARTICULAR WITHIN THE TERRITORY OF EGYPT, THE UNITED ARAB EMIRATES, KUWAIT, MOROCCO, OMAN AND SAUDI ARABIA. Rounding Numbers presented throughout this presentation may not add up precisely to the totals provided in the tables and text. For presentation purposes, figures are rounded to the nearest decimal 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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