March 2017 1 Agenda ODH : Leading Developer of Fully Integrated - - PowerPoint PPT Presentation

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March 2017

Agenda ODH : Leading Developer of Fully Integrated Towns

Projects Overview Appendix Operational, Financial Summary and Outlook

Orascom Development Holding AG Today

One of The Largest Land Banks

100.3 million sqm, out of which 68.0 million sqm is still undeveloped

3 to 5 Star Hotels

To suit different standards

Continuous Progress on Strategy Execution

Achieved all communicated targets of 2016

39 Awards

During 2016 for our hotels

The Only Leading Developer of Fully IntegratedTowns

Including Real Estate, Hotels. activities, marinas Leisure, golf courses, hospitals , schools & all supporting infrastructure

Dual listing on SIX and EGX

with 40,409,926 outstanding shares

• Approx. 8,706 Employees

As of December 31st, 2017

Spearheaded by a seasoned Executive Management Team

with unparalleled expertise in the travel, tourism and real estate sector level

MORE THAN

Over 25 YEARS

DEVELOPMENT EXPERIENCE One

• f

The Largest Hotels Portfolio

35 hotels with 8,205 rooms

Loyal Shareholder Base

Been with the company for over 8 years

59%

Of our hotels in Egypt are certified with Green Star

10 Operating Destinations

El Gouna, Taba Heights, Makadi, Fayoum & Harram City (Egypt), Jebel Sifah & Salah Beach (Oman), The Cove (UAE), Lustica (Montenegro), and Andermatt (Switzerland) Other destinations in different stages of development

Real Estate Sales over CHF 2.7 bn

Since 1997

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Company Overview 9M 2017 revenue contribution by business segment Key financial indicators (CHFm) Revenue ▪ Orascom Development Holding (“ODH”

• r

the “Company”) is a leading developer of fully integrated destinations, with over 28 years of experience and a proven track record

• f

sustainable development, including hotels, private villas and apartments, leisure facilities such as golf courses, marinas and supporting infrastructure ▪ ODH boasts a diversified portfolio of destinations, which is spread over several jurisdictions covering Egypt, the United Arab Emirates, Oman, Morocco, Montenegro, Switzerland and the United Kingdom ▪ ODH currently owns a land bank of 100.3 mn sqm and a comprehensive hospitality portfolio of 8,325 rooms, which are either self-managed by Orascom Hotels Management or by third-party hotel managers under management contracts

ODH

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Adjusted EBITDA Destinations Key Facts

Egypt Oman UAE Montenegro Total Land Bank Other Projects Number of Hotels Number of

Rooms

49.1 mn sqm 29 Hotels 6,767 Rooms 20.8 mn sqm 4 Hotels 971 Rooms 0.3 mn sqm 1 Hotel 487 Rooms 6.9 mn sqm

• 23.2 mn

sqm 1 Hotel 100 Rooms

Total

100.3 mn sqm 35 Hotels(2) 8,325 Rooms

Real Estate unit sold (Q3 2017)

192 Units 132 Units

• 44 Units
• 368 Units

253.8 271.9 221.4 250.5 306.1 237.4 169.9 170.8 2011 2012 2013 2014 2015 2016 9m 2016 9m 2017 42.6 9.9 (6.9) 24.6 80.8 19.6 13.9 16.1 2011 2012 2013 2014 2015 2016 9m 2016 9m 2017

ODH is a leading integrated developer with a high quality portfolio of diversified assets

Hotels 53% Real Estate & Construction 29% Destination Management 11% Land & Other 7%

2,698 2,365

• 50
• 1,627

27 67 904

• 487

100

• 2,000

4,000 2,698 2,365

• 50
• 514

27 67 904

• 487

100

• 2,000

4,000 36.9 4.3 2.6 1.1 0.8 3.4

• 6.2

13.6 1.0 0.0 0.3 1.6 15.0 6.9 6.5

• 10.0

20.0 30.0 40.0 El Gouna Taba Heights Haram City Fayoum Qena Gardens Makadi Floating hotel Jebel Sifah Hawawa As Sodah City Walk The Cove Andermatt Chbika Luštica Eco-Bos 9.4 2.6 1.9 0.3

• 0.4
• 0.2

1.5

• 0.3

1.2

• 0.0
• 10.0

5.5

• 0.3

0.1

• 0.0
• 0.1

0.1

• 0.1
• 0.1
• 10.0

1.3 0.0 0.2 0.1 0.0 0.1

• 1.5

1.5 0.8

• 0.0

0.3 3.0 0.4

• 5.0

20.8 1.7 0.2 0.7 0.8 2.9

• 4.5

10.5 0.2 0.0 0.0

• 12.0

6.4 6.5

• 20.0

40.0 40% 60% 84% 30% 0% 13% 0% 4% 12% 0% 0% 100% 82% 0% 2% 0% 0% 100% 200% 17 6

• 1
• 4

1 1 3

• 1

1

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Total Land Bank (mn sqm) Under Construction Undeveloped Number of Hotels Completed Under Development Developed % Number of Rooms Rooms Operated by ODH

Land Bank Hotels 100.3 17.7 6.2 9.2 67.2 33% 35 8,325 7,212

Egypt Oman UAE Switzerland Morocco Montenegro UK

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ODH properties overview

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

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Business Segments - Overview

Town Management

▪ Public services &infrastructure maintaenance that includes: ▪ Water Services ▪ Sewage treatments ▪ Electricty ▪ 820 retail outlets & 87 restaurants/bars ▪ 5 schools & universities ▪ 2 hospitals & 7 marinas ▪ 4 golf courses ▪ Other services

Hotels

▪ 35 Hotels , total of 8,205 rooms1 ▪ 24 self managed, 11 under- management ▪ Orascom Hotels Management (OHM) manages company’s hotel inventory

Real Estate

▪ Land bank acquired at nominal costs ▪ Sale of middle-to-upper scale apartments and villas to private clients ▪ In-house sales force as well as international distribution channels ▪ Off-plan sales with customer prepayments ▪ Sales of over CHF 2.5 Bn 2

1 As of September 30th, 2017, and Includes 100 rooms of the Chedi Hotel, Andermatt 2 From 1997- 2017 (gross number)

Revenues 9M 2017 CHF 19.1 mn

▪ Tamweel; Mortgage Company

Tamweel Group

Revenues 9M 2017 CHF 11.8 mn Revenues 9M 2017 CHF 49.4 mn Revenues 9M 2017 CHF 90.5 mn

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El Gouna - Egypt

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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 9M 2017 ▪ Total land area : 36.92 million sqm , Developed: 15.0 million sqm, (40.6% developed) ▪ Number of hotels and rooms: 17 hotels with 2,698 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 Hotel KPIs, CHF Real Estate KPIs No of Units , CHF 000’s 61 82 121 47 183 215 Destination Update ▪ Net sales reached CHF 52.7mn in 9M 2017, despite the 50% devaluation

• f EGP to CHF.

▪ Hotels GOP surged by 163.3% to reach CHF 15.8mn vs. CHF 6.0mn in 9M 2016. ▪ Successfully hosted the first edition of El Gouna Film Festival for which we have built four new high standardcinemas. ▪ Successfully launched a new real estate project over looking the marina “Abu Tig Hill” in Q4 2017 with a total inventory of USD 22.0mn. ▪ Continuing with the renovation work across some of our hotels. ▪ Finalized the party event area which will hold 2,500 guests. ▪ Planning to launch Phase II of G-Space by mid-Dec. 2017

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173 Overview 48% 24% 12% 6% 4% 3% 3% Germany Egypt Others Netherland Belgium UK Swizerland 53 54 52 52 49 54 40 51 59 47 48 53 46 48 56% 61% 54% 59% 68% 57% 75%

20 40 60 80

2011 2012 2013 2014 2015 2016 9M 2017 ARR TRevPar

• Occ. Rate

24.8 19.4 34.9 48.7 71.4 85.5 52.7 2.8 2.3 2.5 2.5 2.5 2.7 1.9

20 40 60 80 100

2011 2012 2013 2014 2015 2016 9M 2017 Value of Contracted Units, CHFmn Average Price/sqm

Taba Heights – Sinai’s Premium Destination

Hotel KPIs, CHF 50 53 44 28 43 26 19 52 48 37 18 18 22 11 51% 44% 41% 29% 20% 30% 31%

10 20 30 40 50 60 2011 2012 2013 2014 2015 2016 9M 2017 ARR TRevPar

• Occ. Rate

Visitors Breakdown by Nationality as of 9M 2017 Destination Update ▪ Taba Heights remains the most challenging destination for the group due to the extended travel bans on Sinai. ▪ Successfully curbed the GOP losses from CHF 1.3mn in 9M 2016 to CHF 0.3mn in 9M 2017. ▪ Re-opened another 100 rooms in Bay View Hotel out of the existing 394 rooms. To date, we have 1,260 operating rooms out

• f 2,365 rooms vs. 718 rooms operating in 9M 2016.

11 41% 33% 11% 11% 4%

Egypt Jordan Ukraine Israel Others ▪ Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed) ▪ 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

Byoum –The Heart of Fayoum, On Lake Qarun

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0.2 0.4 1 0.5 0.8 0.6 0.5 1 1.5 2015 2016 9M 2017 Value of Contracted Units, CHFmn Average Price/sqm No of units 3 4 16

• Total land area : 1.08 million sqm, Developed: 0.32 million sqm , (29.6% developed)
• One 4* hotel with 50 rooms
• Located 100 km southwest of Cairo in an ideal location overlooking the spiritual lake of Qarun. Plans are set to

develop two luxury residential communities, hotel, hunting lodge, commercial area and a beach club. ▪ Opened Byoum Lakeside Hotel in September 2016 with 50 rooms recording an occupancy of 39% in 9M 2017 vs 27% in 9M 2016. ▪ Net sales increased to CHF 1.0mn in 9M 2017 vs. CHF 0.3 mn in 9M 2016. Destination Update Real Estate KPIs

49 32 34 20 43% 39%

10 20 30 40 50 60

2016 9M 2017 ARR TRevPar

• Occ. Rate

Hotel KPIs, CHF

Overview

Makadi -The First Gated Community In The Heart Of Hurghada

Real Estate KPIs ▪ Planning to finalize the construction of the club house by the end of 2017. ▪ Hotels in Makadi were rented to FTI group since January 2017 for EUR 3.3mn per annum. ▪ In July 2016, we managed to take the full ownership of Citadel Azur, one of our top performing five star hotels with 514 rooms. Destination Update 13

3.9 2.3 2.2 3.0 1.0 0.5 0.1 591 621 595 599 640 477 264

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2 4 6 2011 2012 2013 2014 2015 2016 9M 2017 Value of Contracted Units, CHFmn Average Price/sqm No of units 96 54 52 57 20 16 , CHF 3 ▪ Total land area : 3.44 million sqm, Developed: 0.45 million sqm , (13.1% developed) ▪ One 4* hotel with 283 rooms + two 4* & 5* Azur Hotels with a total of 830 rooms, Royal Azur, a 5* Hotel (491 rooms) & Club Azur, a 4* Hotel (339 rooms) ▪ 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

106 111 116 119 144 143 135 52 76 82 81 100 113 92 25% 33% 27% 31% 33% 38% 32%

50 100 150 200 2011 2012 2013 2014 2015 2016 9M 2017 ARR TRevPar

• Occ. Rate

Jebel Sifah- A Tranquil Haven

Visitors Breakdown by Nationality as of 9M 2017

• Total land area: 6.2 million sqm , Developed: 0.25 million sqm, (4.0% developed)
• 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 7.4 10.5 5.7 3.6 4.3 16.5 8.9 2.5 2.5 2.4 2.9 2.4

1.9 1.9

5 10 15 20 2011 2012 2013 2014 2015 2016 9M 2017 Value of Contracted Units, CHFmn Average Price/sqm

▪ Net sales reached CHF 8.9mn vs. CHF 0.2mn in 9M 16. ▪ Capitalizing on the great success of Phase 1 of the Golf Lake Residence, we are planning to launch Phase 2 of the project with a total inventory of CHF 18.0mn by the end of November 2017. ▪ Opened the first 9 holes of the golf course and the Bank Bar, Restaurant, Pool in September 2017. Destination Update 14

No of Units , CHF 000’s 12 5 5 15 15 80 45

93% 2% 4% 1% Oman France Others Germany

Overview

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

• Total land area: 13.6 million sqm , Developed: 1.6 million sqm, (11.8% developed)
• 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, 302 rooms and 400 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 ▪ Hotels GOP increased by 20.7% to reach CHF 7.0mn vs. CHF 5.8mn in 9M 16. ▪ Net sales reached CHF 10.3mn vs. CHF 0.8mn in 9M 2016. ▪ In August 2017 we launched a new real estate project “Lagoon Project” (254 apartments), with a total inventory of CHF 31.8mn. ▪ Progressing with the construction of the 98 new rooms in Al Fanar Hotel & 22 new rooms in Rotana Hotel, and the Water Park to be finalized by the end of Dec 2017. ▪ Al Fanar was awarded a 5-Star rating following a reassessment of its services.

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128 113 141 110 114 108 74 95 97 102 114 109 39% 47% 33% 54% 69% 68%

50 100 150 2012 2013 2014 2015 2016 9M 2017 ARR TRevPar

• Occ. Rate

Visitors Break Down by Nationality as of 9M 2017 Hotel KPIs, CHF Real Estate KPIs

5.9 3.7 3.7 10.3 4.1 1.5 10.3 2.2 2.0 2.4 4.0 3.7 3.2 1.5

5 10 15 2011 2012 2013 2014 2015 2016 9M 2017 Value of Contracted Units, CHFmn Average Price/sqm

Destination Update

No of Units , CHF 000’s 9 41 15 8 20 3 87 36% 15% 14% 11% 10% 5% 4% 4% Germany Oman Others Poland Italy KSA UAE Slovakia Overview

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

Visitor's Breakdown by Nationality as of 9M 2017 ▪ 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 to bring the total hotel room count to 487. Hotel KPIs, CHF

139 161 160 161 165 165 149 182 215 217 203 196 213 172 77% 81% 81% 75% 70% 78% 70%

50 100 150 200

2011 2012 2013 2014 2015 2016 9M 2017 ARR TRevPar

• Occ. Rate

Destination Update

▪ We opened the new 142 hotel rooms by the end of June 2017, thus bringing the total number of hotel rooms to 491 vs. 346 rooms in 9M 2016. ▪ Occupancy for the operating rooms reached 70% vs 78% in 9M 2016..

16 46% 28% 15% 6% 3% 3%

Germany UAE Others Russia Poland Switzerland Overview

Lustica Bay – Montenegro

▪ Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm, Developed: 0.14 million sqm, (2.0% developed) ▪ 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 ▪ 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) ▪ Construction started in Sep 2013. In less than two years, Lustica is now an emerging new town with residents moving in their homes in the summer of 2015 Real Estate KPIs ▪ We finalized the marina superstructure, planning to launch the marina in the summer of 2018. ▪ Progressing with the construction of the Chedi Hotel to be finalized in summer 2018 & started the rough construction works of the golf course. ▪ Delivered the “G” Buildings and finished the new access road to marina village. ▪ Successful launch of Centrale Phase 1; the town center concept, with approx. 60% contracted and reserved during the first month of launch 17 Destination Update Overview 15.4

19.1 22.0 11.1 17.3 13.1

4.1 4.3 4.4 4.8 5.9 4.6

5 10 15 20 25 2012 2013 2014 2015 2016 9M 2017 Value of Contracted Units, CHFmn Average Price/sqm,CHF000's

37 41 48 43 24 44

No of Units

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. ▪ In Dec. 2013, ASA opened its first 100-rooms, 5-star deluxe hotel operated by The Chedi Andermatt. ▪ Started the construction of the second hotel with 180-rooms, operated by Radison Blu. ▪

• 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. 18

Overview Overview Overview

Hawana Salalah - Oman

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Agenda

ODH: Leading Developer of Fully Integrated Towns Projects Overview

Operational, Financial Summary and Outlook

Appendix

Key Highlights from ODH 9M 2017

Solid operational performance across all business segments in all destinations.

➢ A 25.5% increase in net real estate sales to reach CHF 86.1 million vs. CHF 68.6 million in 9M 2016 million with more contribution coming from El Gouna, Hawana Salalah, Sifah and Luštica. ➢ Revenues back to growth to reach CHF 170.8 million vs. CHF 169.9 million in 9M 2016 accompanied by significant growth by the Egyptian subsidiary recording 79.5% increase in revenues Y-o-Y. ➢ A 69.0% increase in Hotels Gross Operating Profits (GOP) to CHF 31.6 million vs. CHF 18.7 million in 9M 2016. ➢ Adjusted EBITDA increased by 15.8% to CHF 16.1 million in 9M 2017 vs. CHF 13.9 million in 9M 2016. ➢ Net loss attributable to shareholders for the reporting period was substantially reduced by 50.1% to CHF 30.3 million vs. CHF 60.7 million in 9M 2016. ➢ In Egypt, currently holding advanced discussions with private land owners in the North Coast to enter the second homes markets.

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Business Segments 9M 2017

1 Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates) 2 Town Management includes revenues from Utilities and services Golf, Rentals, Hospital, Educational services, Marina, Limousine, Laundry and other Town amenities.

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Revenue EBITDA

• Adj. EBITDA1

(CHF mn) 9M 2017 9M 2016 Δ in % 9M 2017 9M 2016 9M 2017 9M 2016 Hotels 90.5 85.9 5.4% 33.0 7.2 27.3 12.4 Real Estate 49.4 44.2 11.8% 9.2 23.8 8.7 16.2 Land

• 2.7
• 7.1
• 3.2

Town Management 19.1 22.7 (15.8%) (4.8) (2.4) (4.8) (2.6) Tamweel Group 11.8 14.4 (18.1%) 2.9 4.2 3.1 4.4 Corporate & Unallocated Items

• (24.6)

(54.5) (18.2) (19.7) ODH Group 170.8 169.9 0.5% 15.7 (14.6) 16.1 13.9

Business Segments 3Q 2017

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Revenue EBITDA

• Adj. EBITDA1

(CHF mn) 3Q 2017 3Q 2016 Δ in % 3Q 2017 3Q 2016 3Q 2017 3Q 2016 Hotels 31.5 37.3 (15.5%) 10.2 9.1 10.1 9.5 Real Estate 18.9 10.3 83.5% 3.2 1.5 3.0 2.9 Land

• Town Management

7.2 7.1 1.4% (2.8) (1.5) (2.5) (1.6) Tamweel Group 4.6 5.9 (22.0%) 0.7 1.6 1.0 1.6 Corporate & Unallocated Items

• (6.7)

(12.2) (6.5) (6.6) ODH Group 62.2 60.6 2.6% 4.6 (1.5) 5.1 5.8

1 Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates) 2 Town Management includes revenues from Utilities and services Golf, Rentals, Hospital, Educational services, Marina, Limousine, Laundry and other Town amenities.

Real Estate KPIs 9M and 3Q 2017

Net Value of Contracted Units (CHF mn) Number of Contracted Units Average Selling Price (CHF/m2) Country Destination 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 Egypt El Gouna 52.7 54.2 173 122 1,898 2,852 Fayoum 1.0 0.3 16 3 606 896 Makadi 0.1 0.2* 3

• 264

535 Gardania

• 0.9
• 1
• 1,392

Oman Jebel Sifah 8.9 0.2 45 2 1,887

• Salalah Beach

10.3 0.8 87

• 1,511

2,639 Montenegro Luštica Bay 13.1 12.0 44 27 4,578 5,566 ODH Group 86.1 68.6 368 368 155 155 1,948 2,807

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Country Destination 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 Egypt El Gouna 13.6 13.7 44 29 2,137 2,718 Fayoum 0.2 0.3 2 1 1,415 1,024 Makadi 0.1 (0.1) 2 (7) 254

• Oman

Jebel Sifah 0.9 0.6 4 1 1,599

• Salalah Beach

10.1 (0.5) 86 (2) 1,499

• Montenegro

Luštica Bay 9.5 6.2 30 11 5,547 5,596 ODH Group 34 34.5 20 20.2 168 33 2,173 2,565

* Upgraded fees for existing units.

Deferred Revenue Recognition Schedule

(CHF mn)

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Country Destination Deferred Revenue Balance 2017 2018 2019 2020 2021 Egypt El Gouna 76.0 15.0 43.8 17.1

• Fayoum

1.2

• 0.2

0.5 0.3 0.2 Makadi

• Total Egypt

77.2 15.0 44.0 17.7 0.3 0.2 Oman Jebel Sifah 33.6 12.8 17.6 3.2

• Salalah Beach

12.4 11.1 1.3

• Total Oman

46.0 23.9 18.9 3.2

• Montenegro

Luštica Bay 55.3 3.6 34.7 17.0

• ODH Group

178.5 42.6 97.5 37.9 0.3 0.2

Hotel KPIs 9M 2017

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Total number of hotel rooms Number of available rooms Occupancy for available rooms (%) TRevPAR* (CHF) GOP PAR** (CHF) Destination 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 El Gouna 1 2,698 2,683 2,698 2,683 75 55 48 44 22 8 Taba Heights2 2,365 2,365 1,260 718 31 33 11 23 (1) (9) Citadel Azur 514 514 514 514 58 42 39 39 18 13 Fayoum3 50 10 50 10 39 27 20 24 (1) (64) Floating Hotels 27 27 27 27 17 5 79 37 16 (37) Total Oman4 851 767 851 767 65 61 108 108 31 28 UAE5 487 346 487 346 70 78 172 203 58 75 Makadi6 1,113 1,113

• 491

ODH Group 8,105 7,825 5,887 5,556

1. In 9M 17 we transferred 82 hotel rooms of Fanadir and Bellevue into real estate products and in 3Q 2017 Ancient Sands hotel room increased by 97 rooms 2. During 9M 2017, 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

• f 394 existing rooms). Whereby, only 2 hotels were operating representing 718 rooms in 9M 2016.

3. In September 1st, 2016, Byoum Lakeside Hotel was opened. 4. In December 22nd, 2016, Al Fanar Hotel extension was opened with 84 rooms, thus brining total number of the hotel rooms to 302 rooms. 5. In June 2017, we opened 142 new rooms in the Cove Hotel, thus brining total number of the hotel rooms to 487 rooms. 6. Our 3 hotels in Makadi were rented to FTI Group since Jan. 2017. Whereby in 9M 2016 only one hotel was operating Royal Azur (491 rooms). * Financial KPIs are calculated based on the number of available rooms during the reported period of 9M 2017. ** Includes all expenses of the hotels in the destinations.

Hotel KPIs 3Q 2017

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Total number of hotel rooms Number of available rooms Occupancy for available rooms (%) TRevPAR* (CHF) GOP PAR** (CHF) Destination 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 El Gouna 1 2,698 2,683 2,698 2,683 79 62 53 53 24 15 Taba Heights2 2,365 2,365 1,260 718 41 49 16 13 1 0.3 Citadel Azur 514 514 514 514 72 54 52 50 24 20 Fayoum3 50 10 50 10 25 27 16 24 (4) (64) Floating Hotels 27 27 27 27 8 3 41 22 (11) (31) Total Oman4 851 767 851 767 50 56 98 132 30 53 UAE5 487 346 487 346 55 85 125 204 29 66 Makadi6 1,113 1,113

• 491

ODH Group 8,105 7,825 5,887 5,556

1. In 9M 17 we transferred 82 hotel rooms of Fanadir and Bellevue into real estate products and in 3Q 2017 Ancient Sands hotel room increased by 97 rooms 2. During 9M 2017, 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

• f 394 existing rooms). Whereby, only 2 hotels were operating representing 718 rooms in 9M 2016.

3. In September 1st, 2016, Byoum Lakeside Hotel was opened. 4. In December 22nd, 2016, Al Fanar Hotel extension was opened with 84 rooms, thus brining total number of the hotel rooms to 302 rooms. 5. In June 2017, we opened 142 new rooms in the Cove Hotel, thus brining total number of the hotel rooms to 487 rooms. 6. Our 3 hotels in Makadi were rented to FTI Group since Jan. 2017. Whereby in 9M 2016 only one hotel was operating Royal Azur (491 rooms). * Financial KPIs are calculated based on the number of available rooms during the reported period of 3Q 2017. ** Includes all expenses of the hotels in the destinations.

Income Statments 1H & 2Q 2017 CHF Million

28

(CHF mn) 3Q 2017 3Q 2016 9M 2017 9M 2016 Revenue 62.2 60.6 170.8 169.9 Cost of sales (50.2) (49.8) (133.8) (136.9) Gross profit 12.0 10.8 37.0 33.0 Gross profit margin 19.3% 17.8% 21.7% 19.4% Investment income 1.9 2.1 4.0 5.0 Other gains and losses 3.3 (1.9) 11.8 (11.9) Administrative expenses (9.0) (9.1) (25.3) (28.8) Share of associates profit/losses (3.6) (3.4) (11.8) (11.9) EBITDA 4.6 (1.5) 15.7 (14.6) Depreciation (6.0) (8.5) (17.8) (23.8) Finance costs (8.3) (10.5) (24.7) (31.6) Income tax expense (1.3) (0.9) (3.5) (1.7) Net profit/(loss) for the period (11.0) (21.4) (30.3) (71.7) Attributed as follows: ODE shareholders (11.4) (19.5) (30.3) (60.7) Non-controlling interest 0.4 (1.9) (0.01) (11.0) Basic EPS (EGP) (0.29) (0.48) (0.76) (1.50) Notes Revenues increased due to enhanced operational

• performance. Yet the significant surge in the

Egyptian subsidiary’s revenue was not captured as much due to the translation of the EGP revenues to CHF. Other gains and losses mainly includes:

• Gains in relation to settlement of borrowings

in the amount of CHF 6.4mn.

• FX gain of CHF 5.3mn.

Administrative expenses decreased mainly due to the devaluation of EGP against foreign currencies. The share of associates losses decreased mainly due to the enhanced operations of the associate companies. The decrease in depreciation & finance costs was mainly driven by the devaluation of the EGP against the foreign currencies.

1 1 2 3 1 2

4

3 4 5 5 5

Balance Sheet 9M 2017, CHF Million

29

(CHF mn)

30.09.17 31.12.16

Property, plant and equipment 724.0 762.6 Inventories 128.3 125.0 Receivables 92.5 98.3 Cash and bank balances 96.3 80.8 Investments in associates 65.8 78.6 Other assets 103.6 72.8 Non-current assets held for sale 77.6 67.2 Total assets 1,288.1 1,285.3 Borrowings 359.5 369.6 Payables 33.8 36.3 Provisions 70.8 68.6 Other liabilities 208.0 165.0 Liabilities related to assets held for sale 65.7 54.1 Total liabilities 737.8 693.6 Non-controlling interests 142.3 140.5 Equity attributable to ODH shareholders 408.0 451.2 Total liabilities and equity 1,288.1 1,285.3

Notes PPE decreased mainly due to the reclassification of the 3 rented hotels in Makadi to investment property. Receivables decreased mainly due to the increase in Real Estate collection during the period. Other assets includes the renting of the 3 hotels in Makadi. Borrowings decreased mainly due to the settlement from one of our subsidiaries Asset held for sale and liabilities held for sale increased mainly due to the increase in Tamweel activities during the period.

1 2 3 4 1 2 3 5 5 4 5

Cash Flow 9M 2017, CHF Million

30

(CHF mn) 9M 2017 9M 2016 Cash generated from operations 8.8 0.1 Interest paid (6.4) (5.1) Income tax paid (2.3) (3.5) Operating Cash Flow 0.1 (8.5) Payments for PP&E (18.9) (18.6) Other items 7.3 7.5 Investing Cash Flow (11.6) (11.1) Change in Borrowings 29.3 0.5 Other items 0.1 2.3 Financing Cash Flow 29.4 2.8 Net change in the cash 17.9 (16.7) Cash and bank balances beginning of period 82.2 167.6 Effects of FX changes (1.6) (14.9) Cash and bank balances end of period 98.5 136.0

Not Notes Cash flow from operations increased as a result of enhanced performance across the business segments. PP&E mainly includes payments of:

• CHF 7.1mn for RAK extension
• CHF 9.7mn for Al Fanar extension and

Sifah infrastructure. Change in Borrowings mainly due to: (-) Debt Repayment in Egypt amounting to CHF 11.7mn and Oman CHF 7.5mn. (+) Funding received from shareholders (CHF 34.4mn). (+) Funding received for Oman, UAE and Montenegro amounting to CHF 2.5mn, CHF 9.9 and CHF 1.7mn respectively. Due to the strengthening of CHF against

• ther currencies.

1 1 2 2 3 3 4 4

Debt Structure

212 194 191 190 38 33 34 21 140 113 42 46 17 17 17 26 52 71 84 76

• 50

100 150 200 250 FY 2014 FY 2015 FY 2016 9M-2017 USD EUR EGP AED OMR

Current maturity profile vs. Planned profile*

CHF mn, as of 30.9.17

Total debt by base currency excluding Tamweel in mn

* We are planning to pay approx. CHF 63.0mn subject to bank approvals (excluding Tamweel)

22 42 57 64 71 76 28 19 35 43 42 41 76 40 10 20 30 40 50 60 70 80 90 2018 2019 2020 2021 2022 2023 2024 Current Run-Off Planned Run-Off 31

Financing Profile 1

1 All debt figures exclude debt relating to Tamweel 2 Equity Ratio = Total Equity/Total Assets

30.09.17 31.12.16 Equity ratio (%) 2 42.7 46.0 Weighted average cost of debt (%) 3 8.39 7.40

32

Total Debt by Country

in %, as of 30.09.17

Interest Expenses by Currency

in %, as of 30.09.17

Total Debt by Currency

in %, as of 30.09.17

27% 45% 3% 6% 2% 17% EGP USD EUR AED CHF OMR 13% 53% 6% 7% 21% EGP USD EUR AED OMR 70% 21% 8% 1% Egypt Oman UAE

Andermatt - Switzerland

33

Agenda

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

Appendix

Lustica- Montenegro

35

Historical Financial KPIs

59 65 57 60 57 56 57 71 60 20 40 60 80

2009 2010 2011 2012 2013 2014 2015 2016 9M 2017

Contracted sales (CHF mn) TRevPAR 1 62 76 56 57 51 50 56 53 63 50 100

2009 2010 2011 2012 2013 2014 2015 2016 9M 2017

69 87 57 61 51 47 55 60 59 50 100

2009 2010 2011 2012 2013 2014 2015 2016 9M 2017

136 173 115 213 66 88 95 123 86 100 200 300

2009 2010 2011 2012 2013 2014 2015 2016 9M 2017

317 297 152 184 204 265 254 356 368 200 400

2009 2010 2011 2012 2013 2014 2015 2016 9M 2017

3.2 4.4 5.3 6.9 2.5 2.6 2.5 2.7 1.9 5 10

2009 2010 2011 2012 2013 2014 2015 2016 9M 2017

Number of units sold Average selling price (CHF’000’/m2) Occupancy rate (%) Average room rate (CHF)

1 Total Revenue per available room

* Revenues and KPIs of Citadel Azur, five –stars hotel with 514 rooms was added back to ODH’s hotel portfolio in FY14, post the settlement reached with Falcon Hotels

36

Income Statement, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 2016 9M 2017 Egypt 208 211 161 179 220 158 99 Oman 6 18 15 30 36 47 32 UAE 27 30 29 27 27 29 20 Montenegro

• 19
• 20

Others 15 14 17 14 4 3

• Total Revenues

256 272 221 251 306 237 171 Cost of sales (208) (219) (187) (188) (209) (189) (134) Depreciation Expense (28) (30) (28) (25) (26) (37) (18) Gross Profit 20 23 6 37 71 11 19 % Margin 8% 9% 3% 15% 23% 5% 11% Administrative expenses (81) (66) (71) (45) (39) (47) (25) Investment income 12 6 5 4 10 6 4 Other gains and losses (13) (33) (39) 93 (7) (144) 12 Finance costs (8) (9) (31) (33) (34) (44) (25) Share of losses of associates (5) (1) (10) (9) (19) (17) (12) Profit / (Loss) before tax (76) (79) (140) 47 (18) (235) (27) Income tax expense (0) (11) (21) (11) (4) (8) (3) Profit / (Loss) from discontinuing

• perations
• (11)

(7)

• Total income statement

(76) (101) (167) 36 (22) (243) (30) Non-controlling interests (7) (4) (10) (6) (3) (47) (0.01) Owners of the Parent Company (70) (97) (158) 42 (19) (196) (30) Total income statement (76) (101) (167) 36 (22) (243) (30) Finance costs 8 9 31 33 34 44 25 Income tax expense

• 11

21 11 4 6 3 EBIT (68) (82) (116) 80 15 (193) (2) % Margin (27%) (30%) (52%) 32% 5% (81%) (1%) Depreciation Expense 28 30 28 25 26 37 18 EBITDA (40) (52) (88) 105 41 (155) 16 % Margin (16%) (19%) (40%) 42% 13% (65%) 9% 37

Balance Sheet, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 2016 9M 2017 Cash & Bank Balances 79 102 73 101 168 81 96 Net Receivables 137 95 52 96 71 56 52 Due from Related Parties 45 18 17 37 35 20 20 Inventories 478 499 357 306 191 125 128 Other Current Assets 88 82 62 114 103 40 65 Total Current Assets 828 795 562 654 568 322 361 Property, Plant and Equipment 969 1,003 767 887 940 763 724 Investment Property 76 79 10 12 11 5 14 Goodwill 8 7 7 7 6 3 3 Investment in Associates 29 19 104 112 101 79 66 Long-Term Receivables 102 94 33 84 165 42 40 Other Non-Current Assets 70 85 42 25 18 4 2 Assets Held for Sale

• 150
• 67

78 Total Assets 2,083 2,083 1,673 1,781 1,809 1,285 1,288 Trade and Other Payables 58 50 30 37 30 36 34 Borrowings 282 324 198 274 282 232 248 Due to Related Parties 6 17 16 3 2 1 1 Current Tax Liabilities 6 5 3 6 5 2 3 Provisions 90 79 96 83 82 69 71 Shareholders’ Loan 23 9 39 71 19 11 12 Other Current Liabilities 181 251 157 157 146 116 156 Total Current Liabilities 645 735 550 631 566 467 525 Land Liabilities 32 32 26 23 17 12 13 Borrowings 254 279 211 258 225 138 112 Other Non-Current Liabilities 58 60 46 48 44 23 22 Liabilities Held for Sale

• 79
• 54

66 Total Liabilities 990 1,106 911 960 852 694 738 Minority Interest 241 236 219 200 232 140 142 Shareholders' Equity 853 740 543 621 725 451 408 Total Liabilities & Equity 2,083 2,083 1,673 1,781 1,809 1,285 1,288 38

New and Ongoing Real Estate Projects

39

Joubal Views , Extension to Joubal

Project Description: Built on carefully crafted elevated land & designed to give residents a panoramic view of their surroundings. From different levels; residents can see the marina, the sea, and the mountains. Key Facts

Location El Gouna, Egypt Launch Date September 2015 Footprint (sqm) 1,304 Final Delivery September 2018

Product 1

Type Twin Villas No of units 8 Total BuA (sqm) 1,336 Inventory value, USD 3,600,000

Product 2

Type Villas No of units 5 Total BuA (sqm) 1,225 Inventory value, USD 3,750,000 Launched

40

Joubal Lagoon Phase 2

Key Facts

Location El Gouna, Egypt Launch Date September 2015 Total Project Area (m2) 52,000 Footprint (m2) 3,073 Final Delivery September 2017

Product 1

Type Twin Villas No of units 26 Total BuA (sqm) 4,342 Inventory value, USD 13,520,000

Product 2

Type Villas No of units 5 Total BuA (sqm) 1,715 Inventory value, USD 4,400,000

Project Description: Directly overlooking the lagoon and golf course, adding more features to the Joubal project units.

Launched

41

Sabina –Twin Villas

Project Description: Inspired from Nubian like design with a new modern edge, using earth colors , designed to give residents the luxury of space and privacy of their own pools and gardens. Key Facts

Location El Gouna, Egypt Launch Date September 2015 Product Type Twin Villas Total Project Area (sqm) 33,454 Footprint (sqm) 2,715 Total BUA (sqm) 4,704 No of units 30 Inventory value, USD 12,600,000 Final Delivery September 2018 Launched

42

Fanadir Bay

Key Facts

Location El Gouna, Egypt Launch Date April 2016 Product Type Villas and Twin Houses Total Project Area (sqm) 224,300 Footprint (sqm) 8,728 Total BUA (sqm) 17,144 No of units 85 Inventory value, USD 60,000,000 Final Delivery 2020 Launched

Project Description: Fanadir Bay brings intelligently designed waterfront units to one of its most exclusive neighborhoods yet with its vast spaces and unique architecture, nothing stands against its originality.

43

Fanadir Bay II

Key Facts

Location El Gouna, Egypt Launch Date April 2017 Product Type Villas Total BUA (sqm) 2,785 No of units 9 Inventory value, USD 10,600,000 Final Delivery 2019 Launched & Sold Out

Project Description: Fanadir Bay brings intelligently designed waterfront units to one of its most exclusive neighborhoods yet with its vast spaces and unique architecture, nothing stands against its originality.

44

Tawila

Key Facts

Location El Gouna, Egypt Launch Date October 2016 Product Type Villas and Town Houses Total Project Area (sqm) 18,117 Footprint (sqm) 6,521 Total BUA (sqm) 8,797 No of units 60 (32 Town Houses and 28 Villas) Inventory value, USD 21,650,567 Launched

Project Description: Tawlia is comprised of five residential islands connected to one another by six El Gouna signature bridges. The glittering star of Tawila is its 18 acre seawater lake.

45

Abu Tig Hill

Key Facts

Location El Gouna, Egypt Launch Date September 2017 Product Type Luxury Apartments Total Project Area (sqm) 21,700 Total BUA (sqm) 8,915 No of units 32 Inventory value, USD 22,000,000 Newly Launched

Project Description: Surrounded by turquoise views, a sense of freedom and space invitingly opens before you Nestled between El Gouna’s two famed marinas, and positioned on a graciously elevated hill, this peaceful haven presents opportunities for life redefined. Each luxurious residence possesses stunning views overlooking the shimmering Red Sea.

46

Byoum

Key Facts

Location Fayoum, Egypt Launch Date Q2 2017 Total Project Area (m2) 3,935 m2 Footprint (m2) 1,910 m2 Final Delivery Q4 2025 Inventory Value, EGP 60,500,000 (USD 3,400,000)

Project Description: Directly overlooking the spiritual lake of Qarun, plans are set to develop two luxury residential communities and a hotel.

47

Launched

Hawana Salalah, Lagoon Project

48

Key Facts Type Apartments Launch Date August 2017 Total BuA (sqm) 20,116 No of units 232 Inventory value, OMR 12,489,473 (USD 32,472,630) Average Selling Price/m2 (OMR) 621 OMR (USD 1,613) Final Delivery 2 Years from launching – August 2019

Jebal Sifah, Golf Lake Residence

49

Key Facts Type Apartments Launch Date November 2016 Total BuA (sqm) 12,164 No of units 131 Inventory value, OMR 8,463,662 (USD 22,005,521) Average Selling Price/m2 (OMR) 696 OMR (USD 1,808) Final Delivery 2 years from Launching- November 2018

Jebal Sifah

Key Facts Type Villa Total BuA (sqm) 14,997.21 No of units 44 Inventory value, OMR 15,567,185 (USD 40,474,681) Average Selling Price/m2 (OMR) 1,038 (USD 2,699) Final Delivery 3 years from launching Key Facts Type Apartment Total BuA (sqm) 26,613.98 No of units 149 Inventory value, OMR 2,677,371 (USD 6,961,164) Average Selling Price/m2 (OMR) 1,006 (USD 2,615) Final Delivery 3 years from launching

50

Key Facts Launch Date July 2013 Type Villa Project Area (sqm) 7,276 Total BuA (sqm) 2,840 No of units 4 Inventory value, EUR 9,200,000 (USD 10,120,000) Final Delivery Q4, 2018 Key Facts Launch Date July 2013 Type Apartment Project Area (sqm) 8,473 Total BuA (sqm) 6,564 No of units 44 Inventory value, EUR 15,952,415 (USD 17,547,656) Final Delivery Q1, 2017 Key Facts Launch Date June 2014 Type Apartment Project Area (sqm) 7,589 Total BuA (sqm) 7,609 No of units 44 Inventory value, USD 16,919,297 (USD 18,611,226) Final Delivery Q2, 2017

Montenegro, Lustica Bay

Ongoing RE Launched Projects

51

Hotels Portfolio

El Gouna - Hotels Map

53

54

***** 420 Rooms

A luxury guesthouse directly set on the northern shores of Mangroovy Beach and its kitesurfing stations. A brainchild of an antiques collector, the hotel offers seclusion making it an ideal hideaway for luxury seekers. An upscale beachfront resort offering a relaxing atmosphere combined with a lavish selection of on-ground facilities from diving to kitesurfing, world renowned Angsana Spa outlet and a nearby professional 18-hole golf course. An award winning architectural mix of Arabian and Egyptian styles by the internationally renowned Michael Graves. The beachfront resort is built on nine islands surrounded by gardens offering mouthwatering cuisine, private beaches,

• utdoor heated pool, and water sports.

***** 339 Rooms 268 Rooms

A stylish Nubian

• asis

exclusively situated on El Gouna’s Championship 18- hole golf course. Complemented by stunning architecture, breathtaking landscapes, sparkling lagoons, the hotel is home to a spa and fitness center for ultimate serenity and rejuvenation. An absolute romantic holiday or a blend of romance and action, this 4-star hotel de charm is the spot. Boasting he most relaxing views of the New Abu Tig Marina coupled with some special treats for an unforgettable romantic holiday, the Adults Only hotel is minutes away from El Gouna’s northern beaches.

**** 20 Rooms ***** ***** 12 Rooms

A family-oriented hotel featuring colorful hillside accommodations reminiscent of Tuscan homes, select villas spread around a swimming lagoon, as well as deluxe seafront rooms benefiting from prime views

• ver the hotel’s sheltered bay. Hotel guests

have exclusive access to the private Bellevue Beach

***** 86 Rooms

A beachfront resort with an all inclusive program. The 4-star hotel is built along a virgin beach expanse

• f

a protected bay. Club-style animation and a myriad of sports activities make it a perfect choice for active families. A charming Adults Only authentic hotel fashioned to reminiscent an Upper Egypt’s Mayor’s mansion in its most romantic setup. The hotel is complemented by superb interior design, a private lagoon beach and is adjacent to El Gouna’s lively Downtown area. The 4-star all inclusive resort managed by a family-owned Belgian hotel chain. Offering unparalleled Red Sea holidays for families with children, the resorts’ unique architectural design is complemented by lush landscaped gardens. Capturing the essence of Egypt with its winding alleys and stunning features, the hotel overlooks El Gouna’s lagoons and

• ffers a tropical garden setting in the

heart of the town with easy access to the vibrant Tamr Henna Square.

**** 234 Rooms **** 239 Rooms **** 66 Rooms

The Three Corners Ocean View offers a 4-star all inclusive experience in an Adults-Only

• environment. The hotel is home to two unique

clusters, Le Soleil and Du Port, each offering a unique atmosphere with one overlooking the seafront and the other with fabulous Marina views0

**** 434 Rooms **** 115 Rooms **** 69 Rooms

Overlooking the New Abu Tig Marina with direct access to El Gouna’s northern beaches, Mosaique Hotel is ideal for sun and adventure seekers. The ultra four-star hotel boasts cool décor, modern flair and amenities tailored to the convenience of its guests.

55

Directly overlooking the Abu Tig Marina promenade, minutes away from the beach, the 3-star Captain’s Inn is one of El Gouna’s most sought after small hotels welcoming divers, kite surfers, and partygoers. With only 28 guestrooms in the beautiful Abu Tig Marina, Turtle’s Inn is one of El Gouna’s most sought-after addresses. This modern hotel

• ffers

tastefully furnished rooms, refreshing style, and personalized service.

*** 28 Rooms

In the heart of the Abu Tig Marina with the most luxurious views and the most convenient accessibility! Famed for its terrace, Ali Pasha’s nightly beauty is complemented by the delicacies served at the town’s only Indian Restaurant, Tandoor.

*** 67 Rooms

Arena Inn offers all the amenities and comforts of a holiday resort with a private swimming pool and beautifully designed waterfront restaurant. Hotel guests enjoy access to a full-service beach.

*** 50 Rooms *** 177 Rooms ***** 153 Rooms

• ver

80

• perating

apartment suites

• ffering guests a relaxed alternative to

more traditional styles

• f

hotel

• accommodation. Additionally, a further 56

Deluxe hotel Rooms will open in April 2016. The currently open segment of the wider project is located in the Ancient Sands Hilltop Village.

56

Taba Heights- Hotels Map

57

***** 426 Rooms Beautifully framed by the pristine natural environment, award winning architect Michael Graves created the beachfront resort as a paint box

• f colors and quirky shapes of Egyptian vaults and

dome village styled architecture. Home to 3 swimming pools and a saltwater lagoon with its

• wn beach, eight restaurants, a wide array of

leisure facilities, the town’s only Casino. Consisting of three separate structures linked by tropical garden pathways and resting on a prime waterfront location, the resort offers breathtaking views of the sea, pool and desert

• mountains. The hotel offers 10 restaurants and

bars, exclusive entertainment and with its state-of-the-art conference facilities, the hotel is the perfect business retreat. Swimming pools and a fully equipped health club. The 4-star all inclusive resort managed by a family-

• wned Belgian hotel chain. Offering unparalleled

Red Sea holidays for families with children, the resorts’ unique architectural design is complemented by lush landscaped gardens. **** 394 Rooms A signature Club Med Resort in the heart of

• Sinai. Providing exceptional opportunities to

discover the region’s famous attractions, the unique Resort is set on a beautifully preserved bay covering 27 hectares, flanked by a 600 yard stretch of private beach offering an ideal site for exploring the fabulous underwater life

• f the Red Sea.

***** 503 Rooms The beachfront resort is situated on over 44 acres

• f lush gardens, 2800 sqm of pools and waterfalls

with over 500sqm of pristine private beach and houses seven exclusive dining outlets, a private Spa, a Steam Room, Swedish Sauna treatments and Jacuzzi. ***** 442 Rooms ***** 385 Rooms With majestic mountains on the one side and the amazing Red Sea on the other, El Wekala Resort

• ffers

a sublime point

• f

view

• n

the

• surroundings. You will always have the azure blue
• f the sea in front of you and the soft grey of the

mountains in the background on the other side of the Gulf of Aqaba. **** 215 Rooms

58

Located at Makadi bay, one of Hurghada’s fascinating shores, 25 km away from Hurghada International airport, the All Inclusive beachfront resort overlooks its

• wn spacious private sandy beach, offering

seven restaurants & bars, a fully equipped watersports center, two tennis courts, a squash court, billiards, a fully equipped fitness room and 2 swimming pools. Only 25 km away from Hurghada International airport, the beachfront resort is easily accessible offering seven restaurants & bars, a fully equipped watersports center, two tennis courts, a squash court, billiards, a fully equipped fitness room and 2 swimming pools

***** 491 Rooms **** 339 Rooms **** 287 Rooms

Ideally located

• nly

a few kilometers away from Hurghada, Sahl Hasheesh Makadi is settled in the heart of the Red Sea tourism hub located only 25 kilometers away from Hurghada International Airport and just a short drive from the bustling shopping and dining venues of Hurghada and Sahl

• Hasheesh. Featuring a variety of residential units, hotels, commercial and

entertainment areas, as well as all the supporting infrastructure and services, Makadi allows individuals and families to benefit from a more active lifestyle. Ideally located only a few kilometers away from Hurghada, Sahl Hasheesh and Safaga; the Adults Only Azur Makadi Gardens Hotel provides easy access to most

• f

the Red Sea’s world-class waterfront destinations with clustered facilities with its sister hotels Royal Azur and Club Azur.

***** 514 Rooms

59

On the tranquil side of Qarun lake in Fayoum – the oldest city in Egypt, the new Byoum Lakeside Hotel is opening in September 2016. A fertile depression in Egypt's Western Desert, some 120 kilometers southwest of Cairo, Fayoum is both rich in history and

• utstanding in natural beauty. Byoum is the ideal gateway resort for families wanting to

relax by the swimming pool, discover some of it's many national parks or visit Fayoum city and its famous watermills. www.byoum-alfayoum.com

****

50 Rooms

A beautiful and peaceful hotel where all rooms and suites face Qarun Lake by design, with its rugged mountain-scape and pristine waters, lush greeneries and exotic birds passing by the

• terraces. Hotel rooms range from Superior rooms, Suites and

large 2 bedrooms Grand Suites. Meals consist of Oriental culinary delights light foods and snacks served at the Main restaurant As Sa’aya and the pool bar. Our seamless blend of country-house character and contemporary four star luxury will make you feel completely at home - whether having tea in the lobby bar, relaxing by the pool or enjoying a fresh juice on the terrace.

60

Its ideal location at the entrance of the emirate made the development a regional investment and leisure attraction. Extending over about 300,000 sqm, The Cove

• verlooks 600m of private beach and comprises an internationally renowned 5-star hotel
• perated by Rotana, exclusive real estate, and a range of upscale services and amenities.

State-of-the-art leisure and urban facilities are within easy reach as the development is in close proximity to two golf courses, several shopping malls and supermarkets, international schools and hospitals of international standard. www.thecove-uae.com

*****

487 Rooms

Located on an idyllic water inlet on the Ras Al Khaimah beachfront overlooking the Arabian Gulf with 600 meters of pristine beach, the Cove Rotana encompasses a number of Villas that are ideally designed to accommodate families of a group of

• friends. With a Nubian touch in their design, the Villas are well-

crafted and aesthetically designed to offer comforts that you would expect of a 5-star resort and much more. From spacious Living rooms, private terraces, spectacular views of the Arabian Gulf to the lagoon or lush green hills, each of the Villas are designed to anticipate and cater to your every need.

61

Jebel Sifah, Orascom Development’s third biggest town, is only an hour away from the Muscat city center stretching across 5 km of beachfront. Jebel Sifah boasts a planned 950 residential units, an18-hole PGA golf course, and an 84-berth inland marina surrounded by a picturesque marina town. Orascom Hotel Management currently operates the Sifawy Boutique Hotel, and further plans to develop five 5-star hotels including some of the world’s most prestigious brands, among them the Four Seasons. Restaurants, cafés, luxuriously-appointed spas, and boutiques featuring the latest fashion complete the town’s offerings. www.jebelsifah.com

****

67 Rooms

Designed by renowned Italian designer Alfredo Freda, the Sifawy Boutique Hotel is ideally located only 45 minutes away from the capital city of Muscat in the heart of the picturesque marina town.

62

A newly opened hotel offering a unique holiday experience capitalizing

• n the Rotana’s understanding and

hospitality expertise, the upscale hotel’s Omani-inspired architecture features a series

• f

clusters surrounding the main building, housing major public facilities and amenities. Nestled on the picturesque marina promenade of Salalah Beach and facing the Indian Ocean, the hotel

• ffers traditional lifestyle and values

expressed in the glowing architecture and aromatic food along with the scents

• f

frankincense and

• sandalwood. Among the recreational

facilities are 2 large swimming pools, a state-of-the-art wellness center and intimate guestrooms. Designed by renowned Italian designer Sandro Serapioni, this distinctive property offers a unique blend of contemporary design and serene Arabian architecture. This 4 star deluxe Hotel boasts 302 guestrooms and suites, a variety of restaurants and bars, stylish meeting rooms, a distinct spa, and an 800-square meter infinity pool

• verlooking the only tropical stretch of

beach in the region.

Offering a spectacular landscape of fertile plains, fresh water springs, and lush coconut trees enhanced by the monsoon during the summer, Hawana Salalah is the Group’s first and the region’s only tropical destination. Located on the southern part of Oman, Hawana Salalah is a large family-oriented complex boasting over 8 km of beachfront

• n the Arabian Sea as well as a man-made lagoon system extending the sea inland.

Once fully developed, it comprises high-end luxury apartments and villas, restaurants and cafés, shopping and retail outlets, hotels - ranging from boutique to five-star beach resorts, a 200-berth inland marina, as well as two 18-hole PGA golf courses.

***** 400 Rooms ***** 82 Rooms ***** 302 Rooms

63

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 64

…Driven by a strong management team…

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 of 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

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…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, FloodgateFund, and Stanford University’s StartX Fund ▪ Mr. Naguib S. Sawiris attended Stanford University where he designed his

• wn 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

The Cove - UAE

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