powerpoint presentation - orascom development · a private , self-sufficient town built on 10 km of...

March 2017

1

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 LandBanks100.3 million sqm, out of which 68.0million sqm is still undeveloped

3 to 5Star HotelsTo suit differentstandards

Continuous Progress on Strategy ExecutionAchieved all communicated targets of 2015

39AwardsDuring 2016 for ourhotels

The Only Leading Developer of FullyIntegrated TownsIncluding Real Estate, Hotels. activities, marinasLeisure, golf courses, hospitals , schools & allsupporting infrastructure

Dual listing on SIX and EGXwith 40,409,926 outstanding shares

Approx. 8,549 Employees As of December 31st, 2016

Spearheaded by a seasoned Executive Management Teamwith unparalleled expertise in the travel, tourism and real estate sector level

MORE THAN

Over 25YEARS

DEVELOPMENT EXPERIENCE

One of The Largest HotelsPortfolio35 hotels with 8,016 rooms

Loyal ShareholderBaseBeen with the company for over 7 years

59%Of our hotels in Egypt are certified withGreen Star

10 Operating DestinationsEl Gouna, Taba Heights, Makadi,Fayoum & Haram City (Egypt), JebelSifah & Salah Beach (Oman), The Cove(UAE), Lustica (Montenegro), andAndermatt (Switzerland)Other destinations in different stages ofdevelopment

Real Estate Sales overCHF 2.1 bnSince 1997

3

ODH is a Pioneer Developer of Self-Sufficient Resort Towns

Company Overview

Organizational Structure

Shareholding Structure 1

Key Financial Indicators (CHF mn)

RevenueAdj.

EBITDA

Key Projects

Egypt Oman UAE Montenegro

Total Land Bank

Other Projects

Number of Hotels

Number of Rooms

49.1 mn sqm

29 Hotels

6,719 Rooms

20.8 mn sqm

4 Hotels

851Rooms3

0.3 mnsqm

1 Hotel

346Rooms

6.9 mnsqm

-

-

23.2 mn sqm

1 Hotel

100Rooms

Total

100.3 mnsqm

35 Hotels2

8,016 Rooms

Orascom Development Holding (“ODH” or the “Company”) is an integrated developer of

resort towns, involving the development of residential units, hotels, and recreational facilities

such as golf courses, town centers, and marinas, in addition to supporting infrastructure, such

as hospitals, schools, and utilities.

Boasting a land bank of 100.3 mn sqm and a comprehensive hospitality portfolio of 8,016

rooms, the Company’s diversified portfolio of destinations is spread over 7 jurisdictions

including Egypt, Oman, Morocco, Montenegro, Switzerland, UK, and UAE.

ODH is listed on the SIX Swiss Exchange (market cap CHF 155.7 mn1), in addition to an EDR

program on the Egyptian Stock Exchange (market cap CHF 50.8 mn1)

1. As of December 31st, 2016.

2. Includes Chedi Hotel in Andermatt with 100 rooms.

3. Includes the 84 new rooms that were opened in Al-Fanar Hotel in Dec. 2016.

254 272 221 251 306 170

2011 2012 2013 2014 2015 9M2016

43

10-4

25

81

14

2011 2012 2013 2014 2015 9M2016

67.78%5.07%

27.14%Samih Sawiris & Trustees

OS Holding

Free Float

4

Unique, Vertically Integrated, Business Model…

AcquisitionPhase

Development Phase Operational Phase

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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

Business Segments - Overview

Andermatt (Switzerland)

OHC (Budget Housing)

Tamweel; Mortgage Company

Master Development (ODM Egypt)

820 retail outlets & 87

restaurants/bars

5 schools & universities

2 hospitals & 7 marinas,

4 golf courses

1,323 employees 3

Destination Management

Public services &infrastructure

maintaenance that includes:

Water Services

Sewage treatments

Electricty

1,859 employees

Hotels

35 Hotels , total of 8,016

rooms1

24 self managed, 11 under-

management

Orascom Hotels Management

(OHM) manages company’s

hotel inventory

4,811 employees

Real Estate & Construction

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 2.1 Bn 2

556 employees

Land Sales & Other Investments

1 As of December 31st, 2016, and Includes 100 rooms of the Chedi Hotel, Andermatt2 From 1997-9M 2016 (gross number)3 Including all company support funcitions in Egypt, Oman, Morocco and Montenegro as of Dec. 2016

Revenues 9M 2016CHF 11.8 mn

Revenues 9M 2016 CHF 28.0 mn• Land Sales: CHF 2.7 mn• Tamweel: CHF 17.5 mn• Others: CHF 7.8 mn



6

El Gouna - Egypt

7

Agenda

ODH: Leading Developer of Fully Integrated Towns

Projects Overview

Appendix


53

54

52 52 49 5351

5947

48 5344

56%61%

54% 59%68%

55%

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

20

40

60

80

2011 2012 2013 2014 2015 9M 2016

ARR TRevPar Occ. Rate

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

El GounaKey Facts

Visitors Breakdown by Nationality in 9M 2016

Total land area : 36.92 million sqm , Developed: 16.11 million sqm, (43.6% developed)

Number of hotels and rooms: 17 hotels with 2,650 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, 35kmfrom 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

24.8 19.434.9

48.7

71.459.4

2.82.3 2.5 2.5

2.52.9

0.0

1.0

2.0

3.0

4.0

0

20

40

60

80

2011 2012 2013 2014 2015 9M 2016

Value of Contracted Units, CHFmnAverage Price/sqm

No of Units, CHF 000’s

61 82 12147 183

41%

34%

10%

5%

4% 5%1%

Egypt

Germany

Others

Belgium

UK

Netherland

Swizerland

135

Destination Update

Continue to expedite deliveries in El Gouna.

Launched “Fanadir Bay” project in April with a total inventory ofUSD 60.0 mn and we were able to sell 80% of the project. Alsolaunched a limited project called “The West Villas” in July, for atotal value of USD 3.0 mn, and successfully sold out during 48hours from its launch.

Launched first phase of «Tawila» project with inventory of USD21.6 mn and we were able to sell 71% of the project till Dec. 2016.

Opened Ancient Sands Hotel in El Gouna on April 19, 2016, with56 rooms and 120 hotel apartments.

9

Taba Heights – Sinai’s Premium Destination

Taba Heights

Key Facts

Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed)

Number of hotels and rooms: 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 TabaInternational Airport

The town offers a marina and a golf course alongside a wide range of facilities such as a medical center, childdaycare services, a school, and a vibrant up-town center

Hotel KPIs, CHF

50

53

4428

4330

52 48

37

18

18 23

51%44%

41%

29%

20%

33%

0%

10%

20%

30%

40%

50%

60%

0

10

20

30

40

50

60

2011 2012 2013 2014 2015 9M 2016


Visitors Breakdown by Nationality as of 9M 2016

Destination Update

Taba remains the most challenging destination to date given theextended travel bans to Sinai.

Demand picked up during Q2 and Q3 16 which led to the re-opening of 276 rooms in Strand Beach & Golf Resort out of thehotels’ 503 rooms. To date, we have a total of 718 operatingrooms in Taba Heights out of 2,365 rooms.

Implemented drastic cost cutting measures in Taba Heights. Thesavings initiatives taken so far are expected to generate totalcost savings of CHF 3.3 mn in FY 2016.

10

45%

38%

12%

5%

Egypt

Jordan

Israel

Others

Makadi - The First Gated Community In The Heart Of Hurghada

Makadi Key Facts

Total land area : 3.39 million sqm, Developed: 0.47 million sqm , (13.86% developed)

No. of hotels and rooms: One 4* hotel with 283 rooms + three 4* & 5* Azur Hotels with a total of 1,344 rooms(Citadel Azur, a 5* Hotel (514 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 InternationalAirport. The town features residential units and hotels, along with spacious commercial area, a medical center,among other services

34 3040

33 324236 40 38 39 41

30

55% 63%

51%

61% 64%

38%

0%

10%

20%

30%

40%

50%

60%

70%

0

10

20

30

40

50

2011 2012 2013 2014 2015 9M 2016


Hotel KPIs, CHF

3.92.3 2.2

3.0

1.0 0.4

591621

595 599640

545

480

500

520

540

560

580

600

620

640

660

0

1

2

3

4

5

2011 2012 2013 2014 2015 9M 2016

Value of Contracted Units, CHFmn

Average Price/sqmNo of units

96 54 52 57 20 6

Real Estate KPIs

39%

36%

6%

2%2%2%

13% Egypt

Germany

Ukraine

Belgium

France

Belarus

Others


In July 2016, we managed to take the full ownership of CitadelAzur, one of our top performing five star hotels with 514rooms.

Progressing with the construction of the club house.

Hotels’ occupancies were affected by Russian plane crash inOctober 2015, whereby Russian market represented 47% ofthe guests in FY15.

Signed a 3-year lease agreement with FTI Group for 3 of ourhotels for a total of EUR 3.3mn per annum. Those 3 hotelshave recorded a GOP loss of CHF 0.75mn for the 9M 2016, aswe had 2 of them closed post the ongoing Russian ban.

Destination Update

, CHF11

Byoum – The Heart of Fayoum, On Lake Qarun

ByoumKey Facts

Total land area : 1.08 million sqm, Developed: 0.32 million sqm , (29.6% developed)

Number of hotels and rooms: One 4* hotel with 50 rooms (20 hotel rooms and & 30 hotel apartments)

located 100 km southwest of Cairo in an ideal location overlooking the spiritual lake of Qarun. Plans are setto develop two luxury residential communities

Successfully held the soft opening of Byoum Lakeside Hotel onthe 1st of September recording an occupancy of 27% during itsfirst month of operation.

Planning to launch new phases with a total inventory of EGP 60.5mn (USD 3.4 mn) during Q1 2017.

Reviving the Destination

1. Byoum Main Gate 5. Beach Club

2. 4 Star Hotel 6. Commercial Area

3. Hunting Lodge

4. Pier

Master Plan

12

106 111 116 119144 141

52 7682 81 100 99

25%

33%

27%31%

33% 32%

0%

5%

10%

15%

20 %

25%

30%

35%

0

50

100

150

200

2011 2012 2013 2014 2015 9M 2016


Jebel Sifah- A Tranquil Haven

Jebel Sifah

Key Facts


Total land area: 6.2 million sqm , Developed: 0.2 million sqm, (3.2% 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

7.410.5

5.7 3.6 4.3 0.2

2.5 2.5

2.4

2.9

2.4

3.0

0. 0

0. 5

1.0

1.5

2.0

2.5

3.0

3.5

0

5

10

15

2011 2012 2013 2014 2015 9M 2016Value of Contracted Units, CHFmn

Average Price/sqmNo of Units

, CHF 000’s

12 5 515 15 2

Progressing with the Golf Course construction, planned to befinalized in Q4 2016.

Infrastructure completed in the main resort boulevard anddifferent villa zones including water plumping, electricallinkage and landscape.

Opened the diving center and the floating fuel station on themarina.

Partnered up with investors to develop two Eco Lodge Huts.

Launched a new real estate project “Golf Lake Residence” inNovember with a total inventory of CHF 19.3 mn, comprisingof 118 apartments and managed to sell 65% of the totalproject till Dec. 2016.

Destination Update

13

76%

5%

5%

4% 3%7%

Oman

Germany

Switzerland

UK

France

Others

128 113 141110 110

7495 97

102108

39%47% 33%

54% 64%

0%

10%

20 %

30%

40 %

50%

60 %

70%

0

100

200

2012 2013 2014 2015 9M 2016


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

Salalah Beach

Key Facts

Total land area: 13.6 million sqm , Developed: 1.5 million sqm, (11.0% developed)

The destination is located only 25 km away from Salalah Airport and approximately 90 minutes flight frommost GCC countries

7 planned hotels (1,800 rooms), of which the Juweira Boutique, Al Fanar Hotel and Rotana are alreadyoperational, with 82 rooms, 302 rooms and 400 rooms, respectively

The town will encompass, residential units, 200 berth marina; the Marina Town where 45 shops arealready operating, commercial centers and a water park

Visitors Break Down by Nationality as of 9M 2016Hotel KPIs, CHF

Real Estate KPIs

5.9 3.7 3.7

10.3

4.11.0

2.2 2.02.4

4.0 3.7

2.6

0. 0

0. 5

1.0

1.5

2.0

2.5

3.0

3.5

4. 0

4. 5

0

5

10

15

2011 2012 2013 2014 2015 9M 2016

Value of Contracted Units, CHFmnAverage Price/sqm

No of Units, CHF 000’s

9 41 15820 1 Planning to start the construction of the new waterparkin Salalah Beach towards the end of the year with acapacity to hold up to 1,500 visitors.

Partnered up with investors to develop new sub projectsthat will add critical mass to our destinations, includingtwo Eco Lodge Huts.

Opened Al Fanar extension (84 rooms) in the first weekof December 2016.

Destination Update

14

28%

20%17%

9%

8%

7%11%

UAE

Oman

KSA

Germany

Qatar

Kuwait

Others

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

The CoveKey Facts

Visitor's Breakdown by Nationality as of 9M 2016

Total land area : 0.3 million sqm

The resort encompasses: A 346 room five star hotel managed by Rotana, an acclaimed operator in MENA andworldwide 188 villas, an employee residential compound comprised of 80 apartments; A commercial center;and a ~12,225 sqm vacant land plot, which is well positioned for various development options

Management intends on converting the employee housing compound into an apartment hotel, which will serveas an extension, adding 145 rooms to the hotel’s capacity to make the total count of rooms reach 491 rooms

Hotel KPIs, CHF

139161 160 161 165 160

182215 217 203 196 204

77% 81% 81% 75%70%

78%

60 %

70%

80 %

90 %

0

50

100

150

200

2011 2012 2013 2014 2015 9M 2016


Destination Update

Finalizing the construction of 145 new rooms to be added

to the hotel’s inventory and expected to be in during Q1

2017.

The Cove Rotana maintained its momentum and reported

a revenue increase of 10.9% growing from CHF 19.4 mn in

9M 2015 to CHF 17.5 mn in 9M 2016 and occupancy rate

increased from 67% to 78% in 9M 2016.

15

49%

33%

2%

2% 2%12%

Germany

UAE

Austria

UK

Switzerland

Others

15.4 19.1 22.011.1

12.0

4.14.3 4.4

4.8 5.7

0.0

2.0

4.0

6.0

0

10

20

30

2012 2013 2014 2015 9M 2016

Value of Contracted Units, CHFmn

Average Price/sqm,CHF000's

414843 24 27

Lustica Bay – Montenegro

Lustica Bay Key Facts

Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm, Developed: 0.12 million sqm, (1.7%developed)

The land is held on a leasehold agreement for 99 years starting 2009. The company starting 2014 will pay an annualrent 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 SignatureCourse)

Construction started in Sep 2013. In less than two years, Lustica is now an emerging new town with residentsmoving in their homes in the summer of 2015

Real Estate KPIs

No of Units

First two buildings clusters (10 buildings comprising 70

apartments) have been fully finished and delivered in

August, with residents moving in the summer of 2015.

We are progressing ahead of schedule with the

construction of the new F and G building comprising 88

apartments expected to be finalized by early 2017.

We finalized the marina superstructure, planning to

launch the marina in the summer of 2017.

Excavation works for the Golf Course is completed and

the construction permit has been obtained (the first

Golf Course permit in Montenegro).

Planning to start the construction in Q1 2017 of the first

hotel in Lustica Bay headed by luxury hotel brand The

Chedi Group.

Emerging New Town

16

Chbika

Located South of Agadir on the Atlantic Ocean, Chbika has a total land bank of 15.0 mn sqm split into two phases withland 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 1,000rooms.

Ongoing negotiations for raising the needed funds to develop the 3 hotels.

Overview

Other Projects

Overview

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 toefficiently manage energy and water resources.

Andermatt

Overview

Andermatt Swiss Alps is a first-rate holiday destination with a land bank of 1.5 mn sqm offering broad activity andlifestyle pursuits.

The project is planned to include 490 apartments, 25 exclusive villas, and 6 hotels with a capacity of 844 rooms and a skiarena.

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

17

Salalah - Oman

18

Agenda


Projects Overview


Appendix

Business Segments 9M 2016

Revenue EBITDA Adj. EBITDA1

(CHF mn) 9M 2016 9M 2015 Δ in % 9M 2016 9M 2015 9M 2016 9M 2015

Hotels 85.9 92.1 (6.7%) 6.1 10.3 11.8 13.6

Real Estate & Construction 44.2 55.4 (20.2%) 23.8 20.2 16.2 17.7

Land 2.7 64.1 (95.8%) 7.1 62.1 3.2 63.9

Destination Management 11.8 11.0 7.3% (4.3) (2.7) (4.2) (2.5)

Other Operations 2 25.3 23.4 8.1% 6.1 6.5 6.0 6.6

Corporate & Unallocated Items - - - (53.4) (42.5) (19.1) (19.8)

ODH Group 169.9 246.0 (30.9%) (14.6) 53.9 13.9 79.5

1Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates)

2 Other Operations includes revenue from Tamweel Group with the amount of CHF 17.5 mn vs. CHF 14.3 mn in 9M 2015.

20

Real Estate KPIs 9M 2016

Value of contracted units (CHF mn)

Number of contracted units

Average selling price (CHF/m2)

Value of deferred Income (CHF mn)

Country Destination 9M 16 9M 15 9M 16 9M 15 9M 16 9M 15 9M 16 9M 15

Egypt El Gouna 59.4 63.6* 135 163 2,852 2,539 87.6 76.6

Fayoum 0.4 - 4 - 896 - 1.5 3.1

Makadi 0.4 0.9 6 18 535 644 0.3 0.5

Gardania 0.9 1.8 1 3 1,392 1,255 - -

Oman Jebel Sifah 0.2 4.2 2 5 - 2,358 17.2 17.7

Salalah Beach 1.0 1.6 1 5 2,639 2,648 6.8 14.5

Montenegro Luštica Bay 12.0 6.4 27 15 5,566 4,602 42.2 31.5

ODH Group 74.3 78.5 176 209 2,807 2,476 155.6 143.9

Numbers net of cancellations1:

ODH Group 68.6 46.0 155 152

1 Cancellations of the accumulated sales from prior periods.*The numbers have been re-stated after taking out mansion-land sales amounted CHF 4.9mn

21

Deferred Revenue Recognition Schedule

(CHF mn)

Country Destination Deferred Revenue Balance 2016 2017 2018

Egypt El Gouna 87.6 15.1 50.5 22.0

Fayoum 1.5 0.3 0.5 0.8

Makadi 0.3 0.1 0.1 -

Total Egypt 89.4 15.5 51.1 22.8

Oman Jebel Sifah 17.2 3.8 3.6 9.7

Salalah Beach 6.8 1.3 2.1 3.5

Total Oman 24.0 5.1 5.7 13.3

Montenegro Lustica Bay 42.2 0.7 28.7 12.8

ODH Group Total Group 155.6 21.3 85.4 48.8

22

Total number of hotel rooms

Number of available hotel

rooms

Occupancyfor total rooms

(%)

Occupancy for available rooms

(%)

TRevPAR*(CHF)

GOP PAR*(CHF)

Destination 9M 16 9M 15 9M 16 9M 15 9M 16 9M 15 9M 16 9M 15 9M 16 9M 15 9M 16 9M 15

El Gouna1 2,683 2,627 2,683 2,627 55 66 55 66 44 51 9 12

Taba Heights2 2,365 2,365 718 1,756 7 12 33 19 23 18 (9) (8)

Makadi3 1,627 1,627 1,005 1,627 25 69 38 69 30 43 4 15

Fayoum4 10 - 10 - 27 - 27 - 24 - (64) -

FloatingHotels

27 27 27 27 5 10 5 10 37 69 (37) (27)

Total Oman4 767 549 767 549 61 44 61 44 108 95 28 17

UAE 346 346 346 346 78 67 78 67 203 183 75 59

OHD Group 7,825 7,541 5,556 6,932

Hotel KPIs 9M 2016

1. In Q2 16 Ancient Sands Hotel was opened with 56 rooms.2. During the 9M 2016, only 2 hotels were operating (Sofitel with 442 rooms) and Strand Beach Hotel with 276 rooms (out of 503 rooms) in Taba Heights. Whereby, during 9M 2015 only 4 hotels were

operating representing 1,756 rooms.3. In 9M 2016, only 2 hotels were operating (Royal Azur with 491 rooms & Citadel Azur with 514 rooms) in Makadi. Whereby, during 9M 2015 all 4 hotels were operating representing 1,627 rooms.4. In September 1st, 2016; Byoum Lakeside Hotel was opened (10 rooms - soft opening).5. Al Fanar Hotel was opened with a total number of 218 rooms.

* Financial KPIs are calculated based on the number of available rooms during the reported period of 9M 2016.* Includes all expenses of the hotels in the destinations.

23

Total number of hotel rooms

Number of available hotel

rooms

Occupancyfor total rooms

(%)

Occupancy for available rooms

(%)

TRevPAR*(CHF)

GOP PAR*(CHF)

Destination Q3 16 Q3 15 Q3 16 Q3 15 Q3 16 Q3 15 Q3 16 Q3 15 Q3 16 Q3 15 Q3 16 Q3 15

El Gouna1 2,683 2,627 2,683 2,627 62 69 62 69 53 56 15 14

Taba Heights2 2,365 2,365 718 1,756 13 14 49 32 33 32 0.3 (7)

Makadi3 1,627 1,627 1,005 1,627 32 78 46 78 36 53 8 21

Fayoum4 10 - 10 - 27 - 27 - 24 - (64) -

FloatingHotels

27 27 27 27 3 9 3 9 22 55 (31) (39)

Total Oman4 767 549 767 549 56 41 56 41 132 115 53 36

UAE 346 346 346 346 85 61 85 61 204 164 66 42

OHD Group 7,825 7,541 5,556 6,932

Hotel KPIs Q3 2016

1. In Q2 16 Ancient Sands Hotel was opened with 56 rooms.2. During the 9M 2016, only 2 hotels were operating (Sofitel with 442 rooms) and Strand Beach Hotel with 276 rooms (out of 503 rooms) in Taba Heights. Whereby, during 9M 2015 only 4 hotels were

operating representing 1,756 rooms.3. In 9M 2016, only 2 hotels were operating (Royal Azur with 491 rooms & Citadel Azur with 514 rooms) in Makadi. Whereby, during 9M 2015 all 4 hotels were operating representing 1,627 rooms.4. In September 1st, 2016; Byoum Lakeside Hotel was opened (10 rooms - soft opening).5. Al Fanar Hotel was opened with a total number of 218 rooms.

* Financial KPIs are calculated based on the number of available rooms during the reported period of 9M 2016.* Includes all expenses of the hotels in the destinations.

24

9M 2016 9M 2015

Revenue 169.9 246.0

Cost of sales (160.7) (174.3)

Gross profit 9.2 71.7

Gross profit margin 5.5% 29.2%

(Loss)/Profit before tax (70.1) 8.9

Income tax expense (1.6) (4.7)

Non-controlling interests (11.0) 0.3

Net (Loss) / Profit attributable to ODH shareholders (60.7) 3.9

Summary Income Statement

30.9.16 31.12.15

Property, plant and equipment 926.8 940.4

Inventories 183.7 191.3

Receivables 120.7 234.7

Cash and bank balances 132.4 167.6

Total assets 1,682.4 1,808.6

Borrowings 429.4 507.1

Payables 39.8 47.0

Other Liabilities 194.5 215.4

Total Equity 835.8 956.6

Selected Balance Sheet Items

Snap Shot - Income Statement & Balance Sheet 9M 2016, CHF Million

25

Debt Structure

26

Total debt by base currency excluding Tamweel in mn

Current maturity profile excluding TamweelCHF mn, as of 30.9.16

Comment

• Total debt excluding Tamweel in 9M 2016 reached CHF 429.4 mn.

• Total debt including Tamweel in 9M 2016 reached CHF 521.0 mn.

Debt maturity profile after rescheduling1

CHF mn, as of 30.9.16

1 Proposed refinancing structure, including overdraft facilities & excludingTamweel, with 3 yrs. grace period & after paying off CHF 47.4 mn & new debts.

2 213

26

47

6270

75 78

27

10

20

40

60

80

100

CF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

140

87

57 63

25 22 16 11 5 2 1 0

20406080

100120140160

CF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

1,027 1,007892

968

207 214 196 20263 63 63 6350 32 31 3315 20 28 30

0

200

400

600

800

1,000

1,200

FY 2013 FY 2014 FY 2015 9M 2016

EGP USD AED EUR OMR

Signed a debt refinancing package allowing the company to postpone its principal payments for the coming 3 yrs. & its interest payments for FY16 with an option to postpone theinterest payments for FY17

Financing Profile 1

Collateralization profile Excluding Tamweelin %, as of 30.9.16

Interest expenses by currency in %, as of 30.9.16

Total debt by currency before rescheduling in %, as of 30.9.16

Hotels49%

Shares27%

Others10%

Nil14%

Secured86%

Unsecured14%

25%

46%

8%

4%

17% EGP

USD

EUR

AED

OMR

1 All debt figures exclude debt relating to Tamweel2 Equity Ratio = Total Equity/Total Assets3 Excluding Tamweel

46%

33%

3% 4%

2% 12% EGP

USD

EUR

AED

CHF

OMR

Total debt by currency after rescheduling in %, as of 30.9.16

21%

45%9%

4%

21% EGP

USD

EUR

AED

OMR

30.9.16 31.12.15

Equity ratio (%) 2 49.8 52.9

Weighted average cost of debt (%) 3 8.3 7.5

27

Outlook 2016

Real Estate

In El Gouna, Egypt, capitalizing on our new project “Tawila” launched in Oct, recording postive sales momentum.

In Fayoum, Egypt, planning to launch new products with a total inventory of USD 3.4 mn in Q1 17.

In Sifah, Oman, we launched a new real estate project “Golf Lake Residence” with a total inventory of CHF 19.3 mn during Q4 16 with

positive sales momentum.

In Salalah, Oman, we are planning the construction of the water park project during Q4 16.

In Lustica Bay, Montenegro, we are ahead of schedule with the construction of the 88 new apt buildings.

In Egypt, currently studying several land opportunities in New Cairo and the North Coast for first and second homes markets.

Hotels

Lustica Bay, Montenegro, progressing with the development of the 5-star Chedi Hotel planning to start construction in Q1 17.

In UAE, Finalizing the construction of The Cove extension (145 rooms) to be opened in Q1 17.

In Salalah, Oman we finalized the construction of the new 84 rooms in Al Fanar hotel’ s, bringing its total room count to 302 by Dec 16.

Corporate

Inline with ODH’s intiaitve to focus on its core destinations in Egypt, Oman and Montenegro, the Group is undertaking the direction to sell

its non-strategic assets and accordingly has reclassified Tamweel Group companies as an asset held for sale.

It is important to note that post the recent decision of the CBE to float the Egyptian pound and raising the interest rates for deposites in EGP

by approximately 3.0%. The value of monetary assets and liabilities in subsequent periods may differ and may affect the statement of profit

and loss. The severity of the impact is currently being assessed.

28

Andermatt - Switzerland

29

Agenda


Projects Overview


Appendix

Lustica- Montenegro

31

Historical Financial KPIs

5965

57 60 57 56 57

40

60

80

2009 2010 2011 2012 2013 2014 2015

Contracted sales (CHF mn)

TRevPAR 1

6276

56 57 51 50 56

0

50

100

2009 2010 2011 2012 2013 2014 2015

6987

57 61 51 47 55

0

50

100

2009 2010 2011 2012 2013 2014 2015

136173

115213

66 88 106

0

100

200

300

2009 2010 2011 2012 2013 2014 2015

317 297

152 184 204265

254

0

200

400

2009 2010 2011 2012 2013 2014 2015

3.2 4.45.3 6.9

2.5 2.62.5

0

5

10

2009 2010 2011 2012 2013 2014 2015

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

32

Income Statement, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 9M 2016

Egypt 208 211 161 179 220 113

Oman 6 18 15 30 36 37

UAE 27 30 29 27 27 21

Montenegro - - - - 19 -

Others 15 14 17 14 4 (1)

Total Revenues 256 272 221 251 306 170

Cost of sales (208) (219) (187) (188) (209) (137)

Depreciation Expense (28) (30) (28) (25) (26) (24)

Gross Profit 20 23 6 37 71 9

% Margin 8% 9% 3% 15% 23% 6%

Administrative expenses (81) (66) (71) (45) (39) (29)

Investment income 12 6 5 4 10 5

Other gains and losses (13) (33) (39) 93 (7) (12)

Finance costs (8) (9) (31) (33) (34) (31)

Share of losses of associates (5) (1) (10) (9) (19) (12)

Profit / (Loss) before tax (76) (79) (140) 47 (18) (70)

% Margin (30%) (29%) (63%) 19% (6%) (41%)

Income tax expense (0) (11) (21) (11) (4) (2)

Profit / (Loss) from continuing operations (76) (90) (160) 36 (22) (72)

% Margin (30%) (33%) (72%) 14% (7%) (42%)

Profit / (Loss) from discontinuing operations - (11) (7) - - -

Total income statement (76) (101) (167) 36 (22) (72)

Non-controlling interests (7) (4) (10) (6) (3) (11)

Owners of the Parent Company (70) (97) (158) 42 (19) (61)

Total income statement (76) (101) (167) 36 (22) (72)

Finance costs 8 9 31 33 34 31

Income tax expense - 11 21 11 4 2

EBIT (68) (82) (116) 80 15 (39)

% Margin (27%) (30%) (52%) 32% 5% (23%)

Depreciation Expense 28 30 28 25 26 24

EBITDA (40) (52) (88) 105 41 (15)

% Margin (16%) (19%) (40%) 42% 13% (9%)

33

Balance Sheet, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 9M 2016

Cash & Bank Balances 79 102 73 101 168 132

Net Receivables 137 95 52 96 71 70Due from Related Parties 45 18 17 37 35 28Inventories 478 499 357 306 191 184Other Current Assets 88 82 62 114 103 51Total Current Assets 828 795 562 654 568 465Property, Plant and Equipment 969 1,003 767 887 940 927

Investment Property 76 79 10 12 11 9Goodwill 8 7 7 7 6 5Investment in Associates 29 19 104 112 101 89Long-Term Receivables 102 94 33 84 165 52Other Non-Current Assets 70 85 42 25 18 16Assets Held for Sale - - 150 - - 120

Total Assets 2,083 2,083 1,673 1,781 1,809 1,682

Trade and Other Payables 58 50 30 37 30 27Borrowings2 282 324 198 274 282 270Due to Related Parties 6 17 16 3 2 2Current Tax Liabilities 6 5 3 6 5 2Provisions 90 79 96 83 82 82Shareholders’ Loan 23 9 39 71 19 14

Other Current Liabilities 181 251 157 157 146 137Total Current Liabilities 645 735 550 631 566 534Land Liabilities 32 32 26 23 17 12Borrowings 254 279 211 258 225 159Other Non-Current Liabilities 58 60 46 48 44 42Liabilities Held for Sale - - 79 - - 100

Total Liabilities 990 1,106 911 960 852 847

Minority Interest 241 236 219 200 232 207Shareholders' Equity 853 740 543 621 725 628Total Liabilities & Equity 2,083 2,083 1,673 1,781 1,809 1,682

34

New and Ongoing Real Estate Projects

35

Egypt, El Gouna 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



Launched

36

Joubal Lagoon Phase 2



Total Project Area (m2) 52,000

Footprint (m2) 3,073


Product 1Type Twin Villas

No of units 26



Product 2Type Villas

No of units 5



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

Launched

Egypt, El Gouna

37

Sabina – Twin Villas

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



Product Type Twin Villas

Total Project Area (sqm) 33,454


Total BUA (sqm) 4,704

No of units 30



Launched

Egypt, El Gouna

38

Water Side Condos Launched

Project Description Apartment Blocks, targeting Egyptian young families, offering affordability , function-ability & exclusivity, overlooking a unique water feature.


Launch Date December 2015

Product type Apartments




No of units 145


Final Delivery December 2019

Egypt, El Gouna

39

Fanadir Bay


Launch Date April 2016

Product Type Villas and Twin Houses




No of units 85


Final Delivery 2020

Newly Launched

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

Egypt, El Gouna

40

Tawila


Launch Date October 2016

Product Type Villas and Town Houses




No of units 60 (32 Town Houses and 28 Villas)


Newly Launched

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

Egypt, El Gouna

41

Byoum - Fayoum

Key Facts Location Fayoum, Egypt

Launch Date Q1 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

To be launched in Q1 17

Egypt, Fayoum

42

OmanSalalah Beach

Ongoing RE Launched Projects

Key Facts

Type Al Fanar Apartments


No of units 78

Inventory value, OMR 2,784,563 (USD 7,232,624 )

Avg Price/m2 (OMR) 2,202 (USD 5,718)

Key Facts

Type Salalah Villa


No of units 54

Inventory value, OMR 10,928,000 (USD 28,384,387)

Avg Price/m2 (OMR) 1,051 (USD 2,730)

43

OmanJebal Sifah

Key Facts

Type Villa


No of units 51


Average Selling Price/m2 (OMR) 1,044 (USD 2,711)

Key Facts

Type Apartment


No of units 148


Average Selling Price/m2 (OMR) 1,278 (USD 3,319)

44

Key Facts

Launch Date July 2013

Type Villa

Project Area (sqm) 7,276


No of units 4

Inventory value, EUR9,200,000

(USD 10,120,000)

Final Delivery Q4, 2018

Key Facts

Launch Date July 2013

Type Apartment



No of units 44

Inventory value, EUR15,952,415 (USD 17,547,656)


Key Facts

Launch Date June 2014

Type Apartment



No of units 44

Inventory value, USD16,919,297 (USD 18,611,226)


MontenegroLustica Bay

Ongoing RE Launched Projects

45

Hotels Portfolio

El Gouna - Hotels Map

47

*****420 Rooms

A luxury guesthouse directly set on thenorthern shores of Mangroovy Beachand its kitesurfing stations. Abrainchild of an antiques collector, thehotel offers seclusion making it anideal hideaway for luxury seekers.

An upscale beachfront resort offeringa relaxing atmosphere combined witha lavish selection of on-groundfacilities from diving to kitesurfing,world renowned Angsana Spa outletand a nearby professional 18-hole golfcourse.

An award winning architectural mix ofArabian and Egyptian styles by theinternationally renowned Michael Graves.The beachfront resort is built on nineislands surrounded by gardens offeringmouthwatering cuisine, private beaches,outdoor heated pool, and water sports.

*****339 Rooms 268 Rooms

A stylish Nubian oasis exclusivelysituated on El Gouna’s Championship18-hole golf course. Complementedby stunning architecture,breathtaking landscapes, sparklinglagoons, the hotel is home to a spaand fitness center for ultimateserenity and rejuvenation.

Be it an absolute romantic holiday or a blend ofromance and action, this 4-star hotel de charm isthe spot. Boasting he most relaxing views of theNew Abu Tig Marina coupled with some specialtreats for an unforgettable romantic holiday, theAdults Only hotel is minutes away from ElGouna’s northern beaches.

****54 Rooms

*****

*****

12 Rooms

A family-oriented hotel featuring colorful hillsideaccommodations reminiscent of Tuscan homes,select villas spread around a swimming lagoon,as well as deluxe seafront rooms benefiting fromprime views over the hotel’s sheltered bay. Hotelguests have exclusive access to the privateBellevue Beach

*****134 Rooms

48

A beachfront resort with an allinclusive program. The 4-star hotelis built along a virgin beach expanseof a protected bay. Club-styleanimation and a myriad of sportsactivities make it a perfect choicefor active families.

A charming Adults Only authentic hotelfashioned to reminiscent an Upper Egypt’sMayor’s mansion in its most romantic setup.The hotel is complemented by superb interiordesign, a private lagoon beach and is adjacentto El Gouna’s lively Downtown area.

The 4-star all inclusive resort managedby a family-owned Belgian hotel chain.Offering unparalleled Red Sea holidaysfor families with children, the resorts’unique architectural design iscomplemented by lush landscapedgardens.

Capturing the essence of Egypt with itswinding alleys and stunning features, thehotel overlooks El Gouna’s lagoons andoffers a tropical garden setting in theheart of the town with easy access to thevibrant Tamr Henna Square.

****234 Rooms

****

239 Rooms

****66 Rooms

The Three Corners Ocean View offers a 4-starall inclusive experience in an Adults-Onlyenvironment. The hotel is home to two uniqueclusters, Le Soleil and Du Port, each offering aunique atmosphere with one overlooking theseafront and the other with fabulous Marinaviews0

****

434 Rooms

****115 Rooms

****69 Rooms

Overlooking the New Abu Tig Marinawith direct access to El Gouna’snorthern beaches, Mosaique Hotel isideal for sun and adventure seekers.The ultra four-star hotel boasts cooldécor, modern flair and amenitiestailored to the convenience of itsguests.

49

Directly overlooking the Abu Tig Marinapromenade, minutes away from thebeach, the 3-star Captain’s Inn is one of ElGouna’s most sought after small hotelswelcoming divers, kite surfers, andpartygoers.

With only 28 guestrooms in the beautifulAbu Tig Marina, Turtle’s Inn is one of ElGouna’s most sought-after addresses.This modern hotel offers tastefullyfurnished rooms, refreshing style, andpersonalized service.

***28 Rooms

In the heart of the Abu Tig Marina withthe most luxurious views and the mostconvenient accessibility! Famed for itsterrace, Ali Pasha’s nightly beauty iscomplemented by the delicacies servedat the town’s only Indian Restaurant,Tandoor.

***67 Rooms

Arena Inn offers all the amenities andcomforts of a holiday resort with a privateswimming pool and beautifully designedwaterfront restaurant. Hotel guests enjoyaccess to a full-service beach.

***

50 Rooms

***

177 Rooms *****56 Rooms

over 80 operating apartment suitesoffering guests a relaxed alternative tomore traditional styles of hotelaccommodation. Additionally, a further 56Deluxe hotel Rooms will open in April 2016.The currently open segment of the widerproject is located in the Ancient SandsHilltop Village.

50

Taba Heights- Hotels Map

51

*****426 Rooms

Beautifully framed by the pristine naturalenvironment, award winning architect MichaelGraves created the beachfront resort as a paintbox of colors and quirky shapes of Egyptianvaults and dome village styled architecture.Home to 3 swimming pools and a saltwaterlagoon with its own beach, eight restaurants, awide array of leisure facilities, the town’s onlyCasino.

Consisting of three separate structures linkedby tropical garden pathways and resting on aprime waterfront location, the resort offersbreathtaking views of the sea, pool and desertmountains. The hotel offers 10 restaurantsand bars, exclusive entertainment and with itsstate-of-the-art conference facilities, thehotel is the perfect business retreat.Swimming pools and a fully equipped healthclub.

The 4-star all inclusive resort managed by afamily-owned Belgian hotel chain. Offeringunparalleled Red Sea holidays for families withchildren, the resorts’ unique architectural designis complemented by lush landscaped gardens.

****394 Rooms

A signature Club Med Resort in the heart ofSinai. Providing exceptional opportunities todiscover the region’s famous attractions, theunique Resort is set on a beautifullypreserved bay covering 27 hectares, flankedby a 600 yard stretch of private beachoffering an ideal site for exploring thefabulous underwater life of the Red Sea.

*****503 Rooms

The beachfront resort is situated on over 44 acresof lush gardens, 2800 sqm of pools and waterfallswith over 500sqm of pristine private beach andhouses seven exclusive dining outlets, a privateSpa, a Steam Room, Swedish Sauna treatmentsand Jacuzzi.

*****

442 Rooms

*****385 Rooms

Capturing the essence of Egypt with its windingalleys and stunning features, the hotel overlooks ElGouna’s lagoons and offers a tropical garden settingin the heart of the town with easy access to thevibrant Tamr Henna Square.

****215 Rooms

52

Located at Makadi bay, one of Hurghada’sfascinating shores, 25 km away fromHurghada International airport, the AllInclusive beachfront resort overlooks itsown spacious private sandy beach, offeringseven restaurants & bars, a fully equippedwatersports center, two tennis courts, asquash court, billiards, a fully equippedfitness room and 2 swimming pools.

Only 25 km away from HurghadaInternational airport, the beachfrontresort is easily accessible offering sevenrestaurants & bars, a fully equippedwatersports center, two tennis courts, asquash court, billiards, a fully equippedfitness room and 2 swimming pools

*****

491 Rooms

****339 Rooms

****287 Rooms

Ideally located only a fewkilometers away fromHurghada, Sahl Hasheesh

Makadi is settled in the heart of the Red Sea tourism hub located only 25kilometers away from Hurghada International Airport and just a short drivefrom the bustling shopping and dining venues of Hurghada and SahlHasheesh. Featuring a variety of residential units, hotels, commercial andentertainment areas, as well as all the supporting infrastructure andservices, Makadi allows individuals and families to benefit from a moreactive lifestyle.

Ideally located only a few kilometers awayfrom Hurghada, Sahl Hasheesh andSafaga; the Adults Only Azur MakadiGardens Hotel provides easy access tomost of the Red Sea’s world-classwaterfront destinations with clusteredfacilities with its sister hotels Royal Azurand Club Azur.

*****

514 Rooms

53

On the tranquil side of Qarun lake in Fayoum – the oldest city in Egypt, the new ByoumLakeside Hotel is opening in September 2016. A fertile depression in Egypt's WesternDesert, some 120 kilometers southwest of Cairo, Fayoum is both rich in history andoutstanding in natural beauty. Byoum is the ideal gateway resort for families wanting torelax by the swimming pool, discover some of it's many national parks or visit Fayoumcity and its famous watermills.www.byoum-alfayoum.com

****

50 Rooms

A beautiful and peaceful hotel where all rooms and suites faceQarun Lake by design, with its rugged mountain-scape andpristine waters, lush greeneries and exotic birds passing by theterraces. Hotel rooms range from Superior rooms, Suites andlarge 2 bedrooms Grand Suites. Meals consist of Oriental culinarydelights light foods and snacks served at the Main restaurant AsSa’aya and the pool bar. Our seamless blend of country-housecharacter and contemporary four star luxury will make you feelcompletely at home - whether having tea in the lobby bar,relaxing by the pool or enjoying a fresh juice on the terrace.

54

Its ideal location at the entrance of the emirate made the development a regionalinvestment and leisure attraction. Extending over about 300,000 sqm, The Coveoverlooks 600m of private beach and comprises an internationally renowned 5-star hoteloperated 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 inclose proximity to two golf courses, several shopping malls and supermarkets,international schools and hospitals of international standard.www.thecove-uae.com

*****

346 Rooms

Located on an idyllic water inlet on the Ras Al Khaimahbeachfront overlooking the Arabian Gulf with 600 meters ofpristine beach, the Cove Rotana encompasses a number of Villasthat are ideally designed to accommodate families of a group offriends. With a Nubian touch in their design, the Villas are well-crafted and aesthetically designed to offer comforts that youwould expect of a 5-star resort and much more. From spaciousLiving rooms, private terraces, spectacular views of the ArabianGulf to the lagoon or lush green hills, each of the Villas aredesigned to anticipate and cater to your every need.

55

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

****

67 Rooms

Designed by renowned Italian designer Alfredo Freda, theSifawy Boutique Hotel is ideally located only 45 minutesaway from the capital city of Muscat in the heart of thepicturesque marina town.

56

A newly opened hotel offering aunique holiday experience capitalizingon the Rotana’s understanding andhospitality expertise, the upscalehotel’s Omani-inspired architecturefeatures a series of clusterssurrounding the main building,housing major public facilities andamenities.

Nestled on the picturesque marinapromenade of Salalah Beach andfacing the Indian Ocean, the hoteloffers traditional lifestyle and valuesexpressed in the glowing architectureand aromatic food along with thescents of frankincense andsandalwood. Among the recreationalfacilities are 2 large swimming pools,a state-of-the-art wellness center andintimate guestrooms.

Designed by renowned Italian designerSandro Serapioni, this distinctiveproperty offers a unique blend ofcontemporary design and sereneArabian architecture. This 4 star deluxeHotel boasts 302 guestrooms andsuites, a variety of restaurants and bars,stylish meeting rooms, a distinct spa,and an 800-square meter infinity pooloverlooking the only tropical stretch ofbeach in the region.

Offering a spectacular landscape of fertile plains, fresh water springs, and lush coconuttrees enhanced by the monsoon during the summer, Salalah Beach is the Group’s firstand the region’s only tropical destination. Located on the southern part of Oman,Salalah Beach is a large family-oriented complex boasting over 8 km of beachfront onthe Arabian Sea as well as a man-made lagoon system extending the sea inland. Oncefully developed, it comprises high-end luxury apartments and villas, restaurants andcafés, shopping and retail outlets, hotels - ranging from boutique to five-star beachresorts, a 200-berth inland marina, as well as two 18-hole PGA golf courses.

*****400 Rooms

*****82 Rooms

****302 Rooms

57

0

Khaled Bichara

CEO of ODH

Mr. Bichara currently holds the position of Chief Executive Officer of Orascom Development Holding. He is also a Co-Founder of Accelero Capital. He previously served as GroupPresident and Chief Operating Officer of VimpelCom Ltd (“VimpelCom”). He was also Chief Executive Officer of Orascom Telecom Holding S.A.E. (“OTH”) as well as ChiefOperating Officer of Wind Telecomunicazioni S.p.A. (“Wind Italy”). He played a pivotal role in the merger of VimpelCom with Wind Telecom S.p.A, (“Wind Telecom”) for a totalconsideration of USD 25.7 Bn to create the world’s sixth largest telecommunications carrier. Mr. Bichara managed ten operations across the globe through OTH and Wind Italyand 22 operations across the globe through VimpelCom. He was the Co-founder, Chairman and CEO of “LINKdotNET”. In 2011, Mr. Bichara also served as Group ExecutiveChairman of OTH as well as Chairman of Wind Italy. Mr. Bichara currently serves as a board member of various telecom and IT companies, including Orascom Telecom Media andTechnology Holding S.A.E.; SUPERNAP International S.A., the developer of the world-renowned SUPERNAP data centers; and Joyent Inc., a global provider of cloud computingsoftware and services. He is the chairman of the board of Italiaonline S.p.A., the leading Italian Internet Platform and the #1 email service in Italy; as well as the chairman of theboard of SEAT Pagine Gialle S.p.A., the Italian leader in internet services for SMEs (website, directories, local adv). He is also a board member of Orascom Construction Limited,a company dually listed on NASDAQ Dubai and the Egyptian Stock Exchange. Mr. Bichara is also a member of the Advisory Board for the Computer Science and EngineeringDepartment of the American University in Cairo. He was previously a member of the GSMA board. Mr. Bichara holds a Bachelor of Science degree from the American Universityin Cairo.

AshrafNessim

CFO of ODH

Eng. Nessim has more than 20 years of experience in various fields including finance, infrastructure and hospitality. He currently holds the position of the Group’s Chief FinancialOfficer of Orascom Development Holding. He is also the Chief Financial Officer of Orascom Hotels and Development the Egyptian largest subsidiary of the group whichencompasses 64 subsidiaries. Prior to joining the group he was the Chief Financial Officer representing Beltone Private Equity in their Pick Albatros Investment, one of the largestplayers in the travel and tourism industry in Egypt with almost 6,000 rooms under management. He played a pivotal role in the legal and financial restructuring of Pick AlbatrosGroup. From 2007 to 2010 he was the Group Chief Financial Officer of Mobiserve, a key player in the mobile telecom network infrastructure in 9 countries within the Middle Eastand South Asia. Prior to shifting his career to finance he established the operation of Raya Distribution in Algeria and managed merchandising activities in all 34 shops in of Nokiaand Samsung in Egypt. Mr. Nessim holds a Bachelor degree in Mechanical Engineering and he is also one of the earlier people in Egypt to hold the CFA designation in 2004.

Abdelhamid Abouyoussef

ODH Chief Hotel Officer

Eng. Abouyoussef started his career in design and installation of hotel electro-mechanical systems in 1998. He soon moved to project management in hotel construction, inaddition to being the owner’s representative at Amphoras Holiday Inn, Sharm El Sheikh. He now has his own company, Shores Hotels currently managing 1,600 rooms acrossEgypt. He also founded a travel agency that handles over 100,000 tourists per year. Eng. Abouyoussef helped develop Orascom Hotels Management, a JV between ODH andShores, to manage OHD’s entire hotels portfolio, and other hotels on the ODH level. Eng. Abouyoussef received his B.S. in Mechanical Engineering from the AmericanUniversity in Cairo and a Masters of Science degree from the University of California at Berkeley.

Management Team

58

Board Of Directors

Samih SawirisChairman

Non-Executive Member

After receiving his Diploma in economic engineering from the Technical University of Berlin in 1980, Mr. Sawiris founded his first company, National Marine BoatFactory. In 1996 he established Orascom Projects for Touristic Development and in 1997 Orascom Hotel Holdings, the two companies that later merged to formOrascom Hotels & Development S.A.E. Further-more, Mr. Sawiris established El Gouna Beverages Co. in 1997, which he sold in 2001 when it was the largestbeverage company in Egypt. As of April 1, 2014, Mr. Sawiris took over the position of the CEO on ad-interim basis of Orascom Development and serves as Chairmanof the Board of Directors.

Adil DouiriNon-Executive

Member

Mr. Douiri is the founding shareholder and CEO of Mutandis, a Moroccan consumer goods company established in 2008. Mr. Douiri served in His Majesty KingMohamed VI’s Government as Minister of Tourism (2002-2007) and later as Minister for Tourism, Crafts & Social Economy (2004-2007). In 1992 Mr. Douiri foundedCasablanca Finance Group (later renamed CFG Bank), the country’s first investment bank. Until 2002 he acted as chairman of its supervisory board and is still a boardmember. He is also a board member of MFEx, a Stockholm based Technology Company serving the financial industry, and Holcim Maroc, a publicly listed companyat the Casablanca stock exchange, subsidiary of Holcim group (now Lafarge Holcim). Mr. Douiri graduated as an engineer from the Ecole Nationale des Ponts &Chaussées (ENPC) in Paris.

Franz EgleNon-Executive

Member

Mr. Egle’s background is in strategy development, corporate communications, media and PR. After holding senior positions in the private sector he was in charge ofcommunications at the Swiss Federal Department of Foreign Affairs and advisor to the Minister of Foreign Affairs (1993-1998). Before co-founding Dynamics Group,a Swiss company providing strategic consulting, communication management and research analysis, Mr. Egle was a partner of Hirzel. Schmid.Nef Konsulenten, acommunication and financial consultancy firm (1999- 2006). Mr. Egle holds a Doctor’s degree in sociology from the University of Zurich. Dynamics Group, where Mr.Egle is a Senior Partner, has been retained by the Group to provide services in the field of communications

Carolina Müller-

MöhlNon Executive

Member

Ms. Müller-Möhl holds a M.A. in Political Science. Since 2000, she has managed and presided over the Müller-Möhl Group. She has served as a Board Member ofNestlé S.A. (2004-2012) and currently sits on the Boards of Neue Zürcher Zeitung and Fielmann AG. Further she sits on more than a dozen foundation and advisoryboards, including the Department of Economics at the University of Zurich and the renowned Think Tank Avenir Suisse. She is also a member of the Board ofTrustees of the Bertelsmann-Foundation in Germany.

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Jürgen Fischer Non Executive

Member

Mr. Jürgen Fischer is founder of "The Pearl Management Consultants" in Dubai, United Arab Emirates. Fischer is Non-Executive Chairman of Mövenpick Hotels & Resortsafter having served as Non-Executive Board member since 2008. He was CEO of Dubai Properties LLC, a major real estate developer in the UAE. Besides looking after20,000 residential leasing units, 50,000 m2 of retail space, thousands of "Built to Sell" apartments and villas and several master developments in Dubai, he was as wellinvolved in international developments of Sama Dubai Group in, among others, Morocco and Oman. During his time with Dubai Properties a fully owned subsidiary ofDubai Holding and the sister company Tatweer he oversaw several theme park and tourist projects. Between 1995 and 2008, Jürgen Fischer held several senior positionswith Hilton International, such as President Commercial Operations and President for Continental Europe, Middle East and Africa, as well as President of Scandic HotelsAB. Prior to joining Hilton, he worked for the Walt Disney Company in different roles in Florida and Paris including Vice President Sales & Marketing for Disneyland Paris,Director of Resort Development at Disneyland Paris and General Manager of the Grand Floridian Beach Resort & Spa at Walt Disney World, Florida. Fischer held severalhotel management positions in Europe and Middle East after starting his professional life as a chef in 1970. He later graduated from the Ecole Hôtelière Lausanne,Switzerland and obtained an MBA with Honors from IMEDE/IMD, Lausanne in 1988. Since several years Fischer serves on the International Advisory Commit-tee ofEcole Hôtelière Lausanne.

Marco Sieber Non Executive

Member

Mr. Sieber, born in Lucerne, Switzerland, studied economics at the Business School in Lausanne. After graduating with a business degree in 1989 he took over the familyowned company SIGA Ltd. Together with his brother, Mr. Sieber managed to transform SIGA Ltd. into a company which operates internationally and which has over 400employees. SIGA Ltd. develops and produces products for the construction sector, namely in the field of energy-saving sealings. In 2012, Mr. Sieber also becamemajority shareholder in Baertschi Agrartecnic Ltd.

Jürg WeberNon Executive

Member

Mr. Weber holds an MBA and a Major in Finance and Strategic Planning from the Wharton School, University of Pennsylvania. Mr. Weber previously studied CivilEngineering at the School of Engineering in Switzerland and Microeconomics and English at the University of California, Santa Barbara. Mr. Weber is currently memberof the Board of Directors from “AVIVA Sigorta A.S.”, which is domiciled in Istanbul, Turkey, and of “BENSYS HOLDING”, which is domiciled in Amsterdam, Holland. Healso is founder and owner of "GOLDEN HORN MANAGEMENT LTD". Since September 1, 2015, Mr. Weber holds the position of Division CEO of SIX Payments Servicesand is therefore also a member of the SIX Group Executive Board. Previously Mr. Weber was CEO of "BOYNER HOLDING", Turkey, a Partner of "McKINSEY &COMPANY, INC.", Turkey, a Consultant for "McKINSEY & COM-PANY, INC.", Switzerland, an assistant to the Vice Chairman in "UBS PHILIPS & DREW", UK and aproject manager and assistant to CEO with "UBS, BANK OF SWITZERLAND", New York.

Naguib S. SawirisNon Executive

Member

Mr. Naguib S. Sawiris is the Founder and CEO of Yup (2014-present), a San Francisco based education Technology Company. Yup provides on-demand personalizedlearning through mobile chat with over 500,000 student sign-ups. Yup has raised $7.5M from leading tech and education investors including Index Ventures, FloodgateFund, and Stanford University's StartX Fund. Naguib S. Sawiris attended Stanford University where he designed his own major, Economic and Enterprise Engineering.He is an active angel investor, having invested in over 20 companies including DoctorOnDemand, Transcriptic, and Womply. His investments have went on to raise$200M+ in subsequent rounds.

Board Of Directors

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The Cove - UAE

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El Gouna - Egypt

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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 OTHERPERSON, 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 INOTHER 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 ORSOLICITATION 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 UNDERTHE 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 SUNDER 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 ITSSHAREHOLDERS 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 ARTICLE19(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 WORTHCOMPANIES, 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 ACTOR 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 BEENGAGED 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”) THISCOMMUNICATION 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 SWISSCODE 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 ANDLISTING 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 UNITEDARAB EMIRATES, KUWAIT, MOROCCO, OMAN AND SAUDI ARABIA.

RoundingNumbers 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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