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

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 . T RUST CO GROUP HOL DI NGS L I MI T E D 2

DISCL AIME R

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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 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 b e e n e sta b lishe d

• T

rustc o wa s o ne o f the T

• 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

• Wo rk F
• 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
• 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)

• Ne t Pro fit Ma rg in a ve ra g e d to 30+% o ve rthe la st 10 ye a rs
• Wo rld-c la ss na tio na l a nd c o ntine nta l a sse ts
• Pre se nc e in fo ur Afric a n c o untrie s

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T rustc o ope ra te s in two busine ss se g me nts:

F ina nc ia l Se rvic e s Re so urc e s Sha re d Se rvic e s

T rustc o is an inve sto r and

• pe rato r o f high-quality

e me rging marke t asse ts.

T HE T RUST CO F OOT PRINT

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F INANCIAL RE VIE W

18 22 30 38 20 52 30% 30% 37% 42% 34% 49% 60 73 82 89 57 106 25 50 75 100 125

2014 2015 2016 2017 2018 2019

USD Millions

Ne t Pro fit Afte r T a x Pro fit Ma rg in Re ve nue

5

200 400 600 800 1000 1200 1400 1600

T T O OT CQX Co mpo site JSE All Sha re

A GROWING T RACK RE CORD

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⏺ USD 195 Millio n E

q uity Ra ise d

⏺ USD 225 Millio n De b t Ra ise d

(USD 66.7 Millio n o utsta nding )

(I F C, DE G a nd 20 o the r DF I ’ s a nd inte rna tio na l b a nks)

⏺ USD 365 Millio n - 14 Co rpo ra te a c q uisitio ns

⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺⏺ ⏺ ⏺ ⏺ ⏺ ⏺ ⏺

/ /

/ /

I n ZAR c

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

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F INANCIAL SE RVICE S AT A GL ANCE

8

‘92 ‘00 ‘04 ‘05 ‘14

Pr

• pe r

ty busine ss founde d

Pro pe rtie s wo rth mo re than U S D 140 millio n, e xpe c te d future c ash o f U S D 2.8 billio n

Shor t- te r m Insur anc e lic e nc e issue d

Annual pre mium inc o me o f o ve r U S D 9 millio n

L

• ng- te r

m Insur anc e lic e nc e issue d

Mo re than 280 000 insure d me mbe rs

E duc ation and F inanc e busine ss ac quir e d

37 000 ac tive ac c o unts, U S D 35 millio n lo an bo o k

T r ustc o Bank ac quir e d

T ransac tio nal c apabilitie s with a gro wing mo rtgage po rtfo lio Mo re tha n

280 000

I nsure d live s

T he mo st pro fita b le insure r in Na mib ia

Mo re tha n

59 000

stude nts e nro lle d sinc e inc e ptio n

T he la rg e st dista nc e le a rning institutio n in Na mib ia T he mo st influe ntia l me dia so urc e fo r Na mib ia b y so c ia l me dia fo llo we rs

One of two Na mibia n owne d c omme r c ial ba nks

T he g ro up’ s c o mb ine d so c ia l me dia fo llo wing :

989 951 18 526 6 028 4 387

>1 million

I n to ta l

T r ustc o Re sour c e s

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RE SOURCE S OVE RVIE W

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Me ya Mining

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 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 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 Mining within the 1st 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 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.

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

• 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

• 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

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 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 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.

Me ya Mining ’s hig h- va lue T ype IIA dia monds

476

CARAT S

27.97

CARAT S

18.61

CARAT S

17.05

CARAT S

13.38

CARAT S

Me ya Pr

• spe r

ity Dia mond

E XCE PT IONAL GE O- E CONOMICS

11 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

T HE WAY F ORWARD

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F inanc ial Se r vic e s

Re sour c e s ⏺Po te ntia l a c q uisitio n o f

a So uth Afric a n insure r

⏺Po te ntia l I

PO o f se g me nt ho lding c o mpa ny during 2020

⏺Ra mp up to full

c o mme rc ia l pro duc tio n

⏺Po te ntia l I

PO o f se g me nt ho lding c o mpa ny during 2020

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

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