presentation to investors & analysts · 3 agenda time agenda minutes duration responsibility 1....

1

Presentation to Investors & Analysts

Half-year 2019

2

Disclaimer

• From time to time, Transnational Corporation of Nigeria Plc (“Transcorp”) and its subsidiaries (“the Group”) make written and/or oral forward-looking statements in presentations (including this presentation) and other communication. In addition, representatives of the Group maymake forward-looking statements orally to analysts, investors, the media and others. All such statements are intended to be forward lookingstatements. Forward looking statements include, but are not limited to, statements regarding the Group’s objectives and priorities for 2019,and beyond and strategies to achieve them, and the Group’s anticipated financial performance. Forward looking statements are typicallyidentified by words such as “will”, “should”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “may”, “project” and “could”.

• By their very nature, these statements require the Group to make assumptions and are subject to inherent risks and uncertainties, general andspecific. In the light of uncertainties related to the financial, economic and regulatory environments, such risks and uncertainties – many ofwhich are beyond the Group’s control and the effects of which are difficult to predict – may cause actual results to differ materially from theexpectations expressed in the forward-looking statements. Risk factors that could cause such differences include, exchange rate, marketexchange, and interest rate, operational, reputational, insurance, strategic, regulatory, legal, environmental, and other risks. All such factorsshould be considered carefully, as well as other uncertainties and potential events, and the inherent uncertainty of forward-lookingstatements, when making decisions with respect to the Group and we caution readers not to place undue reliance on the Group’s forward-looking statements.

• Any forward looking statements contained in this presentation represent the views of management only as at the date hereof and arepresented for the purpose of assisting the Group’s investors and analysts in understanding the Group’s financial position, objectives andpriorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate forother purposes. The Group does not undertake to update any forward-looking statements, whether written or oral, that may be made fromtime to time by or on its behalf, except as required under applicable securities legislation.

• The information used in this presentation were obtained from several sources that the Group believes are reliable. Whilst Transcorp has takenall reasonable care to ensure the accuracy of the information herein, neither Transcorp nor any of its subsidiaries/affiliates makesrepresentation or warranty, express or implied, as to the accuracy and correctness of the information. Thus, users are hereby advised toexercise caution in attempting to place reliance on these information and carry out further research or seek the opinion of professionaladvisers before reaching conclusions regarding their investment decisions.

www.transcorpnigeria.com

3www.transcorpnigeria.com

Agenda

Time Agenda Minutes Duration Responsibility

1. Arrival/ Light breakfast 30 10:00am - 10:30am All

2. Introduction 5 10:30am -10:35am Mr. Kayode

Fadahunsi

3. Analyst Presentation 45 10:35am -11:20am Mr. Valentine

Ozigbo

4. Q & A 35 11:20am -11:55am Mrs. Owen

Omogiafo

5. Vote of Thanks 5 11:55am -12noon Mr. Chris

Ezeafulukwe

OVERVIEW OPERATING ENVIRONMENT

GROUP FINANCIAL OVERVIEW

SEGMENT REVIEW OUTLOOK CORPORATE SOCIAL RESPONSIBILITY

5 11 14 17 37 40

OVERVIEW

6

With an Aggressive Growth Agenda

300,000Shareholders with commanding presence in the Power, Energy & Hospitality sectors.

Listed Company with approximately

Improving Lives, Transforming Nigeria

With a

Purpose

of

Deeply rooted values are

the 3Es of

Execution, Enterprise and

Excellence

Diversified conglomerate


About Transcorp

7

Operational Efficiency

Growth Capacity

Sound Corporate

Governance

Return on Investments

Our Investment Philosophy


Long-term

Shareholder ReturnsSocio-economic

Impact

8

• c.972MW installed capacity gas fired

power plant

• Present available capacity of 596MW to

increase rapidly

• Medium term capacity target of

2500MW

• Transcorp Hilton Abuja: Nigeria’s

foremost hotel and the leading business

hotel in Africa - 670 rooms, 5 hotel

• Transcorp Hotels Calabar – 132 rooms,

3 hotel

• Medium Term: Expansion to Lagos

• Owner/operator of OPL 281 oil block

• Estimated Oil Reserve – 189.73mn

• Gas – 377.48Bn Std Cubic Feet

• Exploration commences in 2019/2020


The Group at a Glance …

With eyes set on generating 25% of the total power

requirement in Nigeria, Transcorp Power Limited

remains a leader in the Nigerian power sector.

Through ownership of choice assets and provision

of exceptional service, Transcorp Hotels Plc is

redefining hospitality standards in the continent

while remaining truly African.

We are on a mission to ramp up domestic

upstream capacity

83%

Ownership

50.01%

Ownership

100%

Ownership

Transcorp is

committed to

creating value and

making socio-

economic impact

9

PHASE THREE2019 - 2025

PHASE TWO2012 - 2018

PHASE ONE2004 - 2011

▪ Transcorp was

incorporated in 2004

▪ Acquisition of Transcorp

Hilton Abuja in 2005

▪ Listed on the Nigerian

Stock Exchange in 2006

▪ Acquisition of Transcorp

Hotels Calabar in 2010

▪ Heirs Holdings becomes

core investor in 2011

▪ Transcorp Ughelli Power emerges

preferred bidder for Ughelli Power

Plc (UPP) in 2012.

▪ Successful takeover of UPP in 2013

▪ Execution of management

agreement with Hilton for Transcorp

Hilton Ikoyi in 2013

▪ Execution of Production Sharing

Contract on OPL 281 in 2014

▪ Management Agreement for Hilton

Port Harcourt executed in 2014

▪ Transcorp Hotels IPO in 2014

▪ Awarded the Most Compliant Firm

in Nigeria by the NSE in 2014

▪ Transcorp Hotels N20bn bond

issuance in 2015

▪ Merger of TUPL and UPP as

Transcorp Power Ltd in 2015

▪ Commenced full Upgrade

Project for Transcorp Hilton

Abuja in 2016

▪ Transcorp Power

commissioned GT 15 a

115MW Gas Turbine in 2017

▪ Decision to divest from

Teragro Fruit juice

concentrate plant in 2017

▪ Closed the year 2018 with

highest profits in two Group

companies

▪ Conclusion of additional land

acquisition for Transcorp

Hilton Ikoyi

▪ Surpassed BPE-set minimum

performance target for

power generation.

POWER

▪ Focus is to increase power

generation through

acquisition of additional

power plants (Afam plant)

▪ Look out for opportunistic

investments in renewable

energy and off-grid

solutions

HOSPITALITY:

▪ Sweat existing assets

▪ Expand into new businesses

and locations

OIL AND GAS:

▪ Commence production of

oil and gas in OPL 281

▪ Acquisition of new oil & gas

assets

21 3

Our Journey


10

Management Team


Valentine Ozigbo

President/CEOHelen Iwuchukwu

Group Company Secretary

Napoleon Esemudje

Director of Resources

Christopher Ezeafulukwe

Executive Director

Mutiu Bakare

Group CFO

Chinweugo Nwafor

Head, Internal Audit

SUBSIDIARY CEOs

Owen Omogiafo

MD/CEO, Transcorp Hotels Plc

Kalyana Sundaram

MD/CEO, Transcorp Power Limited

Chuma Mgbojikwe

GM, Transcorp Hotels CalabarKevin Brett

GM, Transcorp Hilton Abuja

OPERATING ENVIRONMENT

12

Nigeria is poised to maintain its position as the largest economy in Africa

_ _ _ _ _ __

198 million4

populationMedian Age of 18.3

Years

$2,396

GDP

Per Capita

60.6%3

Electrification rate

as a % of

Population

$397 billion

2018 GDP

107th Country in

terms of Highest

proportion of

Internet Users

23.1%

Unemployment rate

Source: https://answersafrica.com/largest-

economies-africa.html

Large and Growing Market &

Workforce

87%2 (2019) Mobile

penetration rate

7th Largest country globally

18.3 Years

Median Age

Investment Gateway to West Africa

c.60% Of the West African market

No.1 GDP in Africa

50%Of ECOWAS manufacturing capacity

GDP 2018US$ billions

1.8mn bpd

Average Oil

production in 2018

Source: 1NBS/UN; 2JUMIA; 3WEF; 4NPC

Key Indicators


198m 4 Population

35

71

72

96

101

103

219

313

331

594

Libya

Kenya

Eithopia

Sudan

Morocco

Angola

Algeria

South Africa

Egypt

Nigeria

13

Inflation rate has been decreasing; 11.22% by the end of June 2019

Key Macroeconomic Indicators


13.5

10

15.33

31.07

0

5

10

15

20

25

30

35

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9

MPR TreasuryBill PrimeLending MaxLending

Major Money Market Rate Trend (2010-2019)

Source: CBN, NBS, Q1 2019 GDP Report

GROUP FINANCIAL REVIEW


June 2019 June 2018

N’Million N’Million

Revenue 37,762 54,089

Gross Profit 17,280 24,573

Operating Profit 11,168 17,347

Finance Cost (6,118) (5,403)

Profit After Taxation 4,614 10,875

Profit Before Taxation 5,050 11,944

Non-Current Asset 204,449 204,543

Total Liabilities 198,146 191,787

Current Assets 102,939 92,596

Income

Statement

Statement of

Financial

Position

June 2019 Dec 2018


Total Equity 109,243 105,353

Financial Highlight

16

Group Revenue Breakdown


COMMENTS:

• Revenue from the power business remains the largest contributor (75%) to the

group’s revenue. Although income from the power business fell during the

period under review due to gas and transmission issues, a number of actions are

being taken to address these issues.

• The hospitality business recorded an increase of 16% year-on-year in revenue.

Transcorp Power Limited 28,459 75% 46,082 85%

Transcorp Hotels Plc 9,303 25% 8,008 15%

June 2019 June 2018 % Contribution

Total 37,762 54,090

Revenue

% Contribution

17

SEGMENT REVIEW: POWER

18

Power - The sector is facing significant challenges globally

Segment Review – Power


Cost

Revenues

▪ Revenues have been under pressure from the rise in renewables; in 2018, renewable energy*

accounted for almost one-third of net new power capacity around the world.

Increasing cost due to;

▪ Replacing, maintaining and upgrading energy and water infrastructure.

▪ Rising environmental compliance costs.

▪ Investment in innovative products and services.

▪ Rising cyber security and data privacy cost.

Change in consumption pattern and industry dynamics due to;

▪ Maturing of renewable energy technologies

▪ Proliferation of distributed energy.

▪ Falling cost of battery storage.

▪ More empowered consumer behavior are shifting how we produce use and value trade electricity.

*International Renewable Energy Agency (IRENA) 2019

19

The Nigerian power sector needs significant improvement

46%*Population that has no access to grids

1.4/7.0WEF’s scoring in terms of quality of electricity supply

Ranked 136thout of 137

countries in terms of Quality of electricity supply

0.14kWh Per

Capita

• 91 million Nigerians do not have access to electric power

• A far cry from other African oil producing States’ scores. Egypt has a score of 5.0 while Algeria has a score of 4.2

• Its sub-Saharan Africa counterpart, South Africa was ranked 97th

• India, its peer in the Emerging Market category, was ranked 80th

• … lags peers’ as South Africa has 4.14kWh per capita, Indonesia has 0.82kWh per capita and Kenya has 0.17kWh per capita

Source: WEF – World Economic Forum: The Global Competitive Report; Ernst & Young; *RenCap



20

Factors affecting our power business


GAS SUPPLY• There has been inadequate supply of gas to TPL since late last

year;➢ The NGC closed the gas shutoff valve in Q1 2019 to TPL as a

result of persisting low gas line pressure.➢ Gas offtake to TPL was restricted as a result of insufficient

gas from NGC.➢ Ughelli East gas plant was completely shut down for

statutory maintenance from 26th May to 2nd June 2019.➢ NGC 18-inch gas pipeline was vandalized in June 2019.

• The gas supply volume was reduced by more than 50% in the firstquarter of the year before this later improved towards the end ofsecond quarter

NBET N701BN PAP• The Payment Assurance Programme (PAP) window continues.

• TPL was paid up to 80% of its invoice as guaranteed under thescheme in Q2 2019.

TRANSMISSION• There were several instructions from NCC requesting TPL to

reduce generation due to load rejection by the Discos.• In Q1 2019, TCN lost the 330KV line G3B due to vandalism,

which greatly limited TPL’s ability to evacuate generatedpower for about 5 weeks.

• 75Mx reactor engulfed by fire at the Benin Transmission inJune 2019.

• A total of 8 grid collapses were recorded from Jan 2019 todate. This further reduced power transmission to the grid.

TECHNICAL ISSUES• Funding challenges because of delayed payment of

receivables• High cost of delivery resulting from high exchange rate

STABLE FOREX• Improved access to Forex as means for debt service and

rehabilitation of turbines.

• Gains from Forex for financing activities increased by 140%year-on-year due to the relative stability in the exchangerate.

21

Way Forward


▪ We expect the situation with the gas supply to improve going forward

based on the targeted activation of the reviewed Gas Supply &

Aggregation Agreement and optimization of the opportunities therein.

Also, we are exploring additional affordable gas supply sources.

▪ We are currently exploring opportunities created by the Eligible Customer

regime initiated by the Federal Government. This would allow us to sell

power directly to certain end users who meet the criteria set out in the

governing regulation. By so doing, we can put to good use, our stranded

capacities.

▪ With regards to our outstanding receivables from NBET, we are currently

pursuing measures to fast track payment. Also, there is an ongoing

discussion on modalities for the repayment of legacy debt.

22

Segment Review-Power


June 2018


Revenue 28,459 46,082

Gross Profit 10,280 18,701

Operating Profit 8,641 16,074

Interest Expenses 3,082 4,209

Profit before tax 5,559 11,865

Total Assets 151,656 150, 380

Total Equity 27,480 22,591

Total Liabilities 124,176 127,789


*Returns on Average Assets; **Returns on Average Equity

December 2018June 2019

June 2019

Income

Statement

Statement of

Financial

Position

23



652 644 579 587 563531 469 433304 333

Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q2 '19

Available Capacity Vs Generated Capacity (MwH)

Available Capacity (MwH) Generated Capacity (MwH)

78% 80% 80% 81% 82% 81% 79% 78%62% 69%

80%75%

52%49%

54% 60% 66% 65%

Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19

Capacity Utilization Vs Gas Consumed

Capacity Utilization Gas Consumed (Rebased)

Improving Recovery



Transcorp is regaining its position* as the topmost Genco…

444371 350 322 291

Jan-19

382 341 321 303 281

Feb-19

*The Metric used here is Average Generated Capacity MwH

459385

328 307 292

Mar-19

419305 302 299 292

Apr-19

430333 291 284 267

May-19461

332254 246 228

Jun-19

For the first half of the 2018 financial year, Transcorp ranked number 1 in power generation.

25

SEGMENT REVIEW: HOSPITALITY

26

One of the fastest growing sectors globally

RecreationFood &

BeverageLodging

Travel &

Tourism

• The hospitality sector is one of the fastest-growing sectors in the world. The sector hascontinued to thrive largely due to travel and tourism activities, which keep hospitality afloat,despite the tough economic times that have threatened other sectors.

• While the global hospitality industry has largely been dominated by a few key cities ordestinations considered most desirable for global travel (e.g., New York, Paris and London),global travelers have started to head to new destinations. This has led investors to identifynumerous opportunities in secondary markets, reflecting a broader search for higher-yieldinvestments.

$86bnGlobal revenue

$7.6trGlobal revenue

$570bnGlobal revenue

$70bnGlobal revenue

Source: Statista, UNWTO,WTTC, Q1 2019 GDP Report, *Figures are for the Nigerian Hospitality sector

Segment Review-Hospitality


Hospitality

Industry Figures

$1.7 TnTotal Export earnings from International

Tourism as at June 6th, 2019

5,372.2*

1.8bn

30.3%*Year-on-Year growth in Accommodation

and Food Services

Expected International Travelers by 2030

Expected number of new jobs to be created by 2029

GLOBAL

INDUSTRY

FIGURES

27



Total Export Earnings From International Tourism

$1.7

Trillion

International Tourism proportion in world service export as at 6th

of June, 2019

29%

Source: UNWTO, WTTC

International Tourist Arrivals Grew by 3% in the Americas

International Tourist Arrivals Grew by 4% in Africa

International Tourist Arrivals Grew by 8% in the Middle East

International Tourist Arrivals Grew by 8% in Europe

Global International Tourist Arrivals Grew by

4% in Q1 2019

Travel & Tourism created 1 in 5 jobs within the past 5 years.

One of the fastest growing sectors globally

28


Millennials

Millennials are poised to take the hospitality industry by storm as globally connected and curious travelers. 19%* of travelers in 2018 were Millennials, a number which is projected to even grow further.

Rising middle class

According to the WTTC,there will be 2+ billionnew middle-classconsumers within thenext 20 years...translating into moretravelers visiting morehotels around the world.

Rising middle class population and demographic changes, among key factors

www.transcorpnigeria.comSource: *STR Global Research

Globalconnectivity

Digital technology is bringing places and experiences closer to people than before

Digital media influence

The prolific use of social media apps and the rise of social influencers have engendered new behaviors amongst millennials.

Globalconnectivity

Digital technology is bringing places and experiences closer to people than before

Digital media influence

The prolific use of social media apps and the rise of social influencers have engendered new behaviors amongst millennials.

29



June 2019 June 2018


Revenue 9,303 8,008

Gross profit 6,999 5,892

Operating profit 2,795 2,018

Interest expense (1,976) 6

Profit after tax 557 1,383

Profit before tax 819 2,024

Total Asset 113,968 111,277

Total equity 58,018 57,461

Total liabilities 55,950 53,816

June 2019 December 2018

Income

Statement

Statement of

Financial

Position

30

Segment Review


7,608

6,200

8,008

9,303

Jun '16 Jun '17 Jun '18 Jun '19

Revenue (N’ Million)

• Revenue from the hospitalitysegment grew at a CAGR of 5%during the last 4 years.

• In compliance with IAS 28, the hotelbusiness started to expenseborrowing cost during the periodunder review, thus accounting for areduced PBT.

1Returns on average equity

2,417

949

2,018

2,795

Jun '16 Jun '17 Jun '18 Jun '19

Operating Profit (N’ Million)

Continuous Growth in our Top Line…

2,746

1,097

2,024

819

Jun '16 Jun '17 Jun '18 Jun '19

Profit Before Taxation (N' Million)

Impact of Expensed Finance Cost

31

Segment Review – Hospitality


62%

69%

62%

70%

59%

65%

Jan '19 Feb '19 Mar '19 Apr '19 May '19 Jun '19

Occupancy Rate

72,928 67,819 75,649

81,044 77,250 88,892


Average Daily Rate (ADR) (N)

Average Daily Rate saw a

major increase in Q2 2019

39,400 42,821 43,622

56,691 45,811

57,866


Average Revenue Per Available Rooms

(N)

We remain the leader in the hospitality industry...

32

Awards


For the 4th Consecutive year,

Transcorp Hilton Abuja emerged the

winner of the World Travel Awards

2019 in the following categories:

· Leading MICE Hotel

· Nigeria's Leading Hotel Suite

· Nigeria's Leading Hotel

· Nigeria's Leading Business Hotel

· Africa's Leading Business Hotel

Trip Advisor

2019 recipient of a 2019

Certificate of

Excellence – This

honours hotel that

deliver great service

consistently.

Trip Advisor

2019 Travelers Choice

Awards – Travelers

Choice Awards are the

highest honour from Trip

advisor, in honour of

truly exceptional

businesses

33

SEGMENT REVIEW: OIL & GAS

34

Key Energy indicators in Nigeria

Key insights

1

2

3

4

Global crude oil prices is increasing

due to the continued OPEC supply

cuts and US Sanctions on Iran and

Venezuela

Nigeria’s average daily crude oil

production is lower than the 2.3m

bpd OPEC benchmark.

Regulated prices for PMS imposed

by the federal government for the

downstream sector has hampered

economics of trade

Global LNG export capacity is rising.

The current top seven exporters of LNG

in the world are Qatar, Australia,

Malaysia, Nigeria, Indonesia, Algeria

and Russia.

XXXXXX

$64.2Average brent crude oil price for the month of June 2019.

10.7%Industry Contribution to Nigeria GDP

>$26bnTotal industry Revenue

$30bnEstimated total lost income from gas flaring between 2006 and 2015

40-50Marginal undeveloped fields are available for bid after the election

1.8mn bpdAverage production for the year 2018.

5,500bcmProven Crude Oil reserve in Nigeria

m

Total barrels of Crude Oil Exported in the year 2018

Segment Review – Oil & Gas

www.transcorpnigeria.comSource: OPEC, Ycharts, Africa Oil and Gas Report, International Energy Agency

686mn

35

01

0203

04

Price fluctuations and

price ceilings

Fluctuation in global oil prices in 2016 hadits toll on the external reserve of thecountry and also dampen investorsinterest in the upstream sub sector.

The price ceiling placed by thegovernment for PMS, being the dominantcommodity in the downstream sub sectorhas hampered the economics of tradeas prices are not determined by marketforces.

Militant insurgence/pipeline

vandalism

The occasional agitations by indigenesin the Niger Delta due toenvironmental and political reasonshas remained a challenge for the oiland gas industry. However, recenttimes have seen a relatively peacefulatmosphere.

Delay in PIB

The continued uncertainty surrounding thePetroleum Industry Bill (PIB) has also slowedthe exploration and production scene inNigeria. The long-promised sector reformhas been repeatedly delayed, creatinguncertainty among investors with respect tothe future legal and fiscal environment.

Lack of Infrastructure and

Investment

Inadequate infrastructure in form oftransportation and distribution networkfor natural gas remains a huge challengeto the development of the domestic gasvalue chain.

Key industry

challenges

The oil and gas industry in Nigeria continues to face several challenges. . .



36


Estimated Oil Reserve and Gas are 189.73mn Million Stock Tank Barrels (MMSTB)and 377.48 Billion Standard Cubic Feet (BSCF) respectively.

Partnerships

Identification of competent and

capable technical/financial partners

to jointly develop asset

Commence funding considerations

and financing options for OPL 281 Work

Programme obligations

2018 -

2019

Drilling Expansion

Site Survey and Location Preparation

Community Engagement and conclude

FTOs with Host Communities

Complete drilling of Obote-2X Well.

Increase production of the

hydrocarbons (oil & gas) depending

on drilling results;

Expand gas productions

Conversion of OPL to OML2019 -

2020

2021 -

2022

Production

Acquire 3D Seismic Data

Drilling of second well

Complete all Work Programme obligations

2020 -

20

21

OUTLOOK

38

Q3 2019 Outlook

Hospitality

Power

Business

ADR (N) 82,395 84,275

Occupancy(%) 65% 66%

Rev Par (N) 53,456 55,782

Average (MW) Available Capacity

563 588

Average (MW) Generated Capacity

333 394

Q2 2019 Actual

Q3 2019 Target


39

Strategic fit

Gas Availability

Sufficient EvacuationCapacity

Cost-efficient Capacity Recovery

Eligible Customer Opportunity

01

02

0304

05

Afam Acquisition: Another emerging success story


40

CORPORATE SOCIAL RESPONIBILITY

41

▪ Hypertension is a major health risk for the Nigerian workforce. Transcorp partnered with Avon HMO during its 5km walk/run to raise awareness about this chronic illness and to empower the general public on its prevention and encourage a healthy lifestyle amongst all.

▪ Transcorp Power is committed to investing in human capitalacross the communities where we do business. Withsignificant investments in Transcorp Power Staff School, qualityeducation is provided to children within the communityenabling them to compete favourably with the best across thecountry. Here, the President/CEO, Transcorp presents a plaqueof recognition to a student of the Transcorp Power staff schoolwho emerged as the overall best student in the 2018 BasicEducation Examination. New classroom blocks were also builtfor the school.

▪ Transcorp Hotels Calabar extended some hospitality to thesenior citizens of Pope John Paul II Good Samaritan Home forthe aged in Calabar and provided food and clothes toimprove their standards of living.

1

2

3

Corporate Social Responsibility


42

▪ Transcorp Power has sustained its investment in the youths of its operating environment, Ughelli through its Skill Acquisition and Empowerment Programme. The youths are trained on skills that empower them to contribute to the growth of their community as well as earn sustainable income. Some of these skills include refrigeration, welding and air-conditioning repairs.

▪ In line with our purpose of improving lives, Transcorp Hilton Abuja empowers women with sewing skills and basic entrepreneurial skills through its Business Empowerment Program for Women to empower them start up small businesses and intern empower the next set of women. Here, Owen Omogiafo, MD/CEO Transcorp Hotels Plc presents the certificate of completion to the 4th graduating set

▪ Transcorp management team, in line with its commitment to improve lives and transform Nigeria, partnered with the Nigerian Stock Exchange (NSE) to make the 6th edition of NSE’s Corporate Challenge a huge success.

6

4

5



5

43

▪ Transcorp Hilton Abuja spread its warmth of hospitality to kids of Shape Community who had no access to adequate school supplies were empowered with school bags and school kits from Transcorp Hilton Abuja to create an enabling learning environment

▪ Transcorp Hilton Abuja remains focused on empowering women via various channels. Recently, 6 Women of Shape community were empowered with 100 bars of recycled soap from Transcorp Hilton Abuja to enable them start small scale businesses that will provide some income to keep their respective families afloat

4



7

8

QUESTIONS

45

Contact: Mutiu Bakare

[email protected]

Adekunle Elumaro

[email protected]

Ejike Alumona

[email protected]

mailto:[email protected]



Thank You

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