T RUST CO GROUP Virtua l I nve sto r Co nfe re nc e 5 De c e mb - PowerPoint PPT Presentation

T RUST CO GROUP Virtua l I nve sto r Co nfe re nc e 5 De c e mb e r 2019 2019

DISCL AIME R T he info rma tio n c o nta ine d in this pre se nta tio n (the info rma tio n) is c o nfide ntia l a nd is pro prie ta ry to T rustc o Gro up Ho lding s L td, its sub sidia ry c o mpa nie s a nd/ o r its a ffilia te c o mpa nie s (c o lle c tive ly “T rustc o ”). T his pre se nta tio n is ma de o n the c o nditio n tha t the re c e iving pa rty ma inta in a nd upho ld the c o nfide ntia lity a nd the pro prie ta ry na ture o f the info rma tio n a nd irre vo c a b ly a g re e tha t yo u: • Will no t c o py o r disc lo se the info rma tio n to a ny pe rso n no t pre se nt a t this pre se nta tio n; • Ac kno wle dg e tha t the info rma tio n c o nstitute s inte lle c tua l pro pe rty o f T rustc o ; • Will no t use the info rma tio n in a ny wa y tha t is dire c tly o r indire c tly de trime nta l to the b usine ss o f T rustc o , in c o mpe titio n with T rustc o , c o mme rc ia lly o r o the rwise , o r to o b ta in a ny c o mme rc ia l a dva nta g e o ve r T rustc o ; • Will e xe rc ise a ll re a so na b le sta nd a rds o f c a re in pro te c ting the info rma tio n, no le ss tha n yo u c usto ma rily use in pre se rving a nd sa fe g ua rding yo ur o wn c o nfide ntia l info rma tio n. Re a so na b le c a re in the pre pa ra tio n o f this pre se nta tio n ha s b e e n ta ke n b y T rustc o no t to inc lude a ny no n-pub lic pric e -se nsitive info rma tio n. I f a ny suc h info rma tio n is de te c te d, T rustc o must b e a dvise d imme dia te ly a nd the use r o f the pre se nta tio n ma y no t tra de in a ny e q uitie s o f T rustc o until suc h info rma tio n ha s b e e n re le a se d via SE NS b y T rustc o . 2 T RUST CO GROUP HOL DI NGS L I MI T E D 2

JUST T HE F ACT S • T rustc o Gro up Ho lding s wa s a c q uire d fo r NAD100 in 1992 b y Dr Quinto n Va n Ro o ye n, a nd sinc e the n ha s a c hie ve d a T rustc o ope ra te s in two busine ss se g me nts: 48% CAGR in e q uity to 31 De c e mb e r 2018 • As a ma jo rity fa mily-o wne d b usine ss a c ulture o f c re a ting lo ng -te rm susta ina b le g ro wth/ va lue fo r a ll sta ke ho lde rs ha s F ina nc ia l Se rvic e s Re so urc e s b e e n e sta b lishe d • T rustc o wa s o ne o f the T o p 10 pe rfo rming c o mpa nie s o n the JSEfo r the la st 5 ye a rs • T rustc o pla c e d in the to p 2 po sitio ns o f the De lo itte “Be st Co mpa ny T o Wo rk F o r” surve y fo r the fifth c o nse c utive ye a r (winne r in 2019), a nd is re c o g nise d a s o ne o f the to p 10 priva te e mplo ye rs in Na mib ia • T rustc o Gro up Ho lding s ho lds 3 listing s. T he mo st re c e nt listing is the OT CQX in the Ne w Yo rk, while the Na mib ia n a nd the Jo ha nne sb urg Sto c k E xc ha ng e s listing s ha ve b e e n he ld fo r 13 a nd 10 ye a rs, re spe c tive ly. • Ove r 900 sta ff – a ll sha re ho lde rs Sha re d Se rvic e s • L a rg e st Na mib ia n c o rpo ra te b y ma rke t c a p (USD 1.1 Billio n) (De c 2018) T rustc o is an inve sto r and • Ne t Pro fit Ma rg in a ve ra g e d to 30+% o ve rthe la st 10 ye a rs o pe rato r o f high-quality • Wo rld-c la ss na tio na l a nd c o ntine nta l a sse ts e me rging marke t asse ts. • Pre se nc e in fo ur Afric a n c o untrie s 3

PRINT OOT CO F RUST T HE T 4

F INANCIAL RE VIE W USD Millions 0 25 50 75 100 125 2014 18 30% 60 2015 22 30% 73 2016 30 37% 82 2017 38 42% 89 2018 20 34% 57 2019 52 49% 106 Ne t Pro fit Afte r T a x Pro fit Ma rg in Re ve nue 5

A GROWING T RACK RE CORD ⏺ USD 195 Millio n E q uity Ra ise d 1600 ⏺ USD 225 Millio n De b t Ra ise d 1400 (USD 66.7 Millio n o utsta nding ) ⏺ 1200 (I F C, DE G a nd 20 o the r DF I ’ s a nd inte rna tio na l b a nks) n ZAR c ⏺ USD 365 Millio n - 14 Co rpo ra te a c q uisitio ns 1000 ⏺ 800 ⏺ I 600 ⏺ ⏺ ⏺ 400 ⏺ ⏺ ⏺⏺ 200 ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ / / / / 0 T T O OT CQX Co mpo site JSE All Sha re 6

ina nc ia l Se rvic e s ustc o r T F 7

F INANCIAL SE RVICE S AT A GL ANCE Mo re tha n Pr ope r ty busine ss founde d T he mo st pro fita b le 280 000 ‘92 Pro pe rtie s wo rth mo re than U S D 140 millio n, insure r in Na mib ia e xpe c te d future c ash o f U S D 2.8 billio n I nsure d live s Shor t- te r m Insur anc e lic e nc e Mo re tha n ‘00 issue d T he la rg e st dista nc e 59 000 Annual pre mium inc o me o f o ve r U S D 9 millio n le a rning institutio n in Na mib ia stude nts e nro lle d sinc e L ong- te r m Insur anc e lic e nc e inc e ptio n ‘04 issue d Mo re than 280 000 insure d me mbe rs T he g ro up’ s c o mb ine d T he mo st influe ntia l so c ia l me dia fo llo wing : me dia so urc e fo r E duc ation and F inanc e Na mib ia b y so c ia l busine ss ac quir e d ‘05 989 951 me dia fo llo we rs 37 000 ac tive ac c o unts, U S D 35 millio n lo an 18 526 bo o k 6 028 One of two T r ustc o Bank ac quir e d ‘14 Na mibia n owne d 4 387 T ransac tio nal c apabilitie s with a gro wing mo rtgage po rtfo lio c omme r c ial >1 million ba nks I n to ta l 8

c e s Re sour ustc o r T 9

RE SOURCE S OVE RVIE W Me ya Mining Me ya Mining ’s hig h- va lue T ype IIA dia monds Me ya Mining e nc o mpa sse s a n a re a o f 129 km 2 whic h c o nta ins kimb e rlite de po sits in E a ste rn Sie rra L e o ne . At le a st 16 kimb e rlite 476 fe a ture s o c c ur within the lic e nc e a re a . T he g e o lo g ic a l po te ntia l pre se nte d b e lo w sho ws re sults fro m 1 o f a t le a st 16 CARAT S pla nne d e xplo ra tio n pha se s. F ive o f the 30 la rg e st sto ne s e ve r re c o ve re d g lo b a lly a re fro m the lic e nc e a re a , inc luding the 476 c a ra t Me ya Pro spe rity whic h wa s re c o ve re d b y Me ya Me ya Mining within the 1 st 500 to nne sa mple o nly 7 da ys a fte r the pla nt wa s c o mmissio ne d. Sa mple re sults indic a te a ve ry hig h Pr ospe r ity T ype I ia dia mo nd po pula tio n. Me ya Mining is o ne o f o nly fo ur mine s g lo b a lly pro duc ing la rg e T ype I ia dia mo nds. Dia mond Northe rn Na mibia De ve lopme nt Compa ny No rthe rn Na mib ia De ve lo pme nt Co mpa ny ’ s a lluvia l dia mo nd o pe ra tio ns a re lo c a te d in the fa r no rth-we ste rn c o rne r o f Na mib ia o n the Atla ntic c o a st a nd imme dia te ly a dja c e nt to the Na mib ia -Ang o la b o rde r. T he Mining L ic e nc e (ML 156) c o ve rs a n a re a o f 34 km 2 whic h stre tc he s ~11 km so uthwa rds fro m the K une ne rive r a nd ~3.5 km e a st fro m the Atla ntic o c e a n. T he e a ste rn a re a is c o ve re d with mo b ile sa nd dune s (K une ne Sa nd Se a ). Morse Inve stme nts 17.05 27.97 T he Mo rse dia mo nd c utting a nd po lishing fa c to ry is lo c a te d a t CARAT S CARAT S 104 Ro b e rt Mug a b e a ve nue in Windho e k, the c a pita l o f Na mib ia , a lo ng the ma in ro ute s fre q ue nte d b y to urists, a nd re ma ins a ke y fa c to r in T rustc o Re so urc e s’ ve rtic a l inte g ra te d 18.61 13.38 dia mo nd b usine ss mo de l is dire c t a c c e ss to the b e ne fic ia tio n fa c ility a nd re ta il o utle t in Windho e k fo r its ta rg e t c usto me rs. CARAT S CARAT S 10

E XCE PT IONAL GE O- E CONOMICS F IVE L ARGE ST ST ONE S F ive o f the la rg e st sto ne s disc o ve re d g lo b a lly a re fro m the Me ya Mining L ic e nc e Are a in Sie rra L e o ne 11

T HE WAY F ORWARD F inanc ial Re sour c e s Se r vic e s ⏺ Po te ntia l a c q uisitio n o f ⏺ Ra mp up to full a So uth Afric a n insure r c o mme rc ia l pro duc tio n ⏺ Po te ntia l I ⏺ Po te ntia l I PO o f PO o f se g me nt ho lding se g me nt ho lding c o mpa ny during 2020 c o mpa ny during 2020 12

CONT ACT DE T AIL S Ple a se e ma il a ny q ue stio ns to Sha re s@ tg h.na Also c o nsult o ur re sults a s pub lishe d o n T rustc o ’ s we b site : www.tg h.na 13