#1‣ Estithmar Holding Q.P.S.C. Investor Presentation#2‣ Estithmar Holding Q.P.S.C. Agenda 1. Company Overview Company History ☐ Values, mission, vision and guiding principals Corporate strategy Board and diverse leadership team Governance Corporate Snapshot Growth Story 2. Financial Statements and key highlights ■ Key Financial Highlights Company Snapshot Financial Performance 3. Clusters Overview and Operating Performance Healthcare Ventures Services Contracting Industries 4. Discussion#3Important information and disclaimer For the purposes of this disclaimer, Estithmar refers to Estithmar Holding Q.P.S.C., its subsidiaries and associated companies, together with its and their respective directors, officers, employees and agents, both collectively and individually. This document ("Presentation") has been prepared by Estithmar solely on the basis that you, as recipient ("Recipient") acknowledge that Estithmar accepts no liability, express or implied, to any other parties or recipients. The reliance which can be placed upon this Presentation is a matter of commercial judgment and each Recipient must make, and will be deemed to have made, such investigations as it considers necessary to form its own opinions on the subject matter of this Presentation. The Presentation is being made available on a strictly confidential basis. and can only be relied upon for a period of 6 months from the date hereof. The law in certain jurisdictions may restrict the distribution of this Presentation, and Recipients warrant that they are required to inform themselves about, and to observe, any such restrictions, and Estithmar accepts no liability to any person in relation to the distribution of this Presentation in any jurisdiction. This Presentation does not constitute, and may not be used in connection with, an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. This Presentation has been prepared as at 26 January 2023 and has been based upon information which, at the time of preparation, is believed to be reliable but has not been independently verified by Estithmar. As such, Estithmar accepts no liability or responsibility for the adequacy, accuracy, completeness or currency of, nor makes any representation or warranty, express or implied, with respect to the information contained in this Presentation or on which this Presentation is based or as to the reasonableness of any projections which this Presentation contains. This Presentation contains summary information about Estithmar and the industries and markets in which it operates. The information in this Presentation does not purport to be complete and is subject to change without notice. The views expressed in this Presentation contain information that has been derived from publicly available sources that have not been independently verified. Estithmar also accepts no responsibility or liability for advising any Recipient of any changes or additions to the information contained in this Presentation. Past performance is not necessarily a guide to future performance. You are cautioned not to place undue reliance on any forward-looking statements which reflect our opinions and current judgments as at the date of this Presentation. Throughout the Presentation, we will attempt to present some important factors relating to our business that may affect these opinions and judgments. All currency values are in Qatar Riyal ("QAR") millions unless stated otherwise. All numbers of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from figures set out in this Presentation. Recipients of this Presentation should be aware that this Presentation contains references to the financial years 2020, 2021, and 2022 financial results for Estithmar. Some of these results are presented on a pro forma basis and comprise the aggregation of the historical financial information for Estithmar (before the IHG acquisition of Elegancia Group) as if they were one entity for these periods. The pro forma results for Estithmar included in this Presentation have been derived from the audited accounts of IHG and Elegancia Group, adjusted for the effects of certain pro forma adjustments. Recipients are cautioned that the historical pro forma accounts have not been audited or reviewed and, accordingly, Recipients should not place undue reliance on this information. Copies of Estithmar's press release, financials and presentations can be viewed and downloaded from the Investor Relations section of Estithmar's website at www.estithmarholding.com 3#4COMPANY OVERVIEW Estithmar Holding Q.P.S.C.#5Estithmar Holding Q.P.S.C. elegancia CEE ‣ elegancia services Events & Catering ‣ elegancia MEP contracting Facilities Management Resources Gabro 5 ▶ Landscape ‣ elegancia ▶ Steel ► Joinery industries ‣ elegancia healthcare The View Hospital KMC Operation Management Estithmar ventures Al Maha Island ▶ Maysan Doha Katara Hills Marine Fit-Out Kitchens CESCO Watermaster ▸ Stones ▸ Modular#6Estithmar Company History Holding Q.P.S.C. With the support of its key shareholders, the business has evolved over years from operating units within the shareholder's group of companies to become Estithmar Holding, one of the leading industrial pillars of Qatar's economy. • . Successful Track Record of Stakeholders Formation of Elegancia Group Nov 2020 Launch of Elegancia Healthcare Launch of Estithmar Ventures Became public through reverse acquisition of IHG (QSE:IGRD) Jan 2021 Nov 2021 Trusted contractor that shaped new Qatar Renowned for their fast execution while delivering quality; Build success in the contracting ecosystem which is now considered as a foundation of industry through its Joint Ventures Elegancia was formed to lead the industrial sector that caters the construction sector • This was pivotal to launch wide growth strategy of the Company • • Healthcare cluster established in line with Qatar 2030 vision and the group growth strategy Elegancia healthcare cluster in addition to other healthcare facilities, also manage The View Hospital in affiliation with Cedars Sinai • Launch of Estithmar Ventures and announcement of 4 strategic touristic projects in anticipation of Qatar FIFA 2022 World Cup and Vision 2030 • Al Maha Island • The View Hospital • · Katara Hills (Hilton LXR) • Maysan (Hilton LXR) Apr 2022 7 QAR 1.6 bn Full Year 2019 Revenue (Audited) QAR 2.3 bn Full Year 2020 Revenue (Audited) QAR 3.2 bn Full Year 2021 Revenue (Audited) QAR 4.2 bn Full Year 2022 Revenue (Audited)#7‣ Estithmar Holding Q.P.S.C. VISION Creating a brighter future from Qatar to the world MISSION We add exceptional value to our customers through the skills and knowledge of our employees VALUES • Leadership O Collaboration • Accountability • Quality • Resilience GUIDING PRINCIPLES · . Preserve Corporate Reputation Corporate Social Responsibility • Develop Future Leaders · • Promote Innovation . Inspire Trust Improve Agility#89 ▸ Estithmar - Corporate Strategy Holding Q.P.S.C. KI INTEGRATED OFFERING, MARGIN UPGRADE & INTERNATIONAL EXPANSION CUSTOMER CENTRIC STRATEGY To transform from the conventional way of doing business, into embracing a holistic modern measurable customer- centric approach. MARGIN GROWTH MARKET EXPANSION SERVICE OFFERING Evolve towards higher margin service economy Expanding our projects portfolio to promising international markets Expand service offering & create sustainable revenue steams OUR PEOPLE Capitalize on our people as the core capability and foundation of our organization, by continue developing their skills to expand our business portfolios and maximize stakeholders' value. NATIONAL ECONOMY Support the government's agenda and enable the core pillars of the national vision 2030. Deliver a comprehensive offering across all economic sectors with focus on Healthcare and tourism ENABLERS ESG Give significant importance to our Environmental, Social and Governance ("ESG") strategy to secure sustainable growth in the future. GOVERNANCE#9Estithmar-Board of Directors Holding Q.P.S.C. Experienced Board of Directors Mr. Mohammed Ghanim S Al Hodifi Al-Kuwari Board Member Mr. Moutaz Al-Khayyat Chairman Mr. Eyad Abdulrahim Board Member/ Managing Director UCC trading & Contracting representative Member, Nomination & Remuneration Committee Member, Audit & Risk Management Committee Member, Executive Committee Mr. Ramez Al-Khayyat Vice Chairman Chair, Executive Committee Mr. Khalid Ghanim S Al-Hodifi Al-Kuwari Board Member Mr. Mohamad Mohamad Sadiq Al-Dawamaneh Board Member Highness Holding representative Member, Nomination & Remuneration Committee Member, Executive Committee Mr. Hamad Ghanim S Al-Hodifi Al-Kuwari Board Member 10 Sheikh Suhaim Bin Abdul Aziz Al Thani Independent Board Member Mr. Abdulla Darwish Al Darwish Independent Board Member Chair, Audit & Risk Management Committee Dr. Bothaina Al Ansari Independent Board Member Chair, Nomination & Remuneration Committee Mr. Ibrahim Abdulla Al Abdulla Independent Board Member Member, Nomination & Remuneration Committee Member, Audit & Risk Management Committee#10‣ Estithmar Leadership Holding Q.P.S.C. A multigenerational and diversified team 87 different nationalities and backgrounds. Eyad Abdul Rahlm BOD & Managing Director Henrik Christiansen Group Chief Executive Officer Joe Hazel Chief Executive Officer Elegancia Healthcare Nicholas McLaren Chief Financial Officer Abd Almunem Al-Sakka Chief Executive Officer Elegancia Services 11 Ahmed El Zeftawy Chief Human Resources Officer Elegancia Healthcare Marwan Dimas Chief Marketing and Riyad Sowalty Group HR Director Sales Officer H Richard Chammas Chief Executive Officer Elegancia Industries & Contracting Amer Mahason Chief Executive Officer Estithmar Ventures Matthew Dronsfield Chief Executive Officer The View Hospital Salem Aladbl Government & Public Relations Director Hassan Hartouche Group Strategy & Business Planning Director Sanaa Daakour Group Legal Affair Director H H#11Estithmar-Governance Holding Q.P.S.C. External Audit Governance, Risk & Compliance 12 Audit & Risk Committee Shareholders Board of Directors Nomination & Remuneration Committee Managing Director GCEO Internal Audit Executive Management team Policies & Procedures Laws & Regulations Key Governance principles Executive Committee Ethics & Transparency Structured and robust approval process following a comprehensive delegation of authorities (DOA). Arm's length dealings with related parties - all transactions subject to comparable terms and conditions, and the same stringent approval processes as non-related transactions. Competitive procurement and contracting process. Third party audit reporting against major related party transactions AGM approval for any transaction or series of linked or related transactions aiming to own, sell, lease, exchange, or otherwise dispose of (except for establishing guarantees) assets of the Company or assets to be acquired by the Company or transactions which would change the essential nature of the Company business; or those whose gross value exceeds (10%) of the lesser of either the Company's market value or the net value of the Company's assets according to the latest announced financial statements.#12▸ Estithmar-Major Shareholders and Trading Performance Holding Q.P.S.C. Key Shareholders Above 5% Ownership Mr. Mohammad Moataz Al-Khayyat - Chairman Mr. Ramez Al-Khayyat - Vice Chairman Shareholder name % of ownership 1 Mrs. Sumaya Saber Hamsho 20.41% 2 Mr. Mohamad Moataz Mohamad Al-Khayyat 19.66% 3 Mr. Ramez Mohamad Al-Khayyat 19.46% 4 Urbacon Trading and Contracting Company W.L.L 18.73% Trading performance QAR/sh 3.0 13 2.5 2.0 1.5 1.0 Apr-18-2022 Apr-27-2022 May-15-2022 May-24-2022 Jun-02-2022 Jun-13-2022 Jun-22-2022 Jul-04-2022 Jul-18-2022 Jul-27-2022 Aug-07-2022 Aug-16-2022 Aug-25-2022 Sep-05-2022 Sep-14-2022 Volume Volume •Price 100 80 60 Sep-25-2022 Oct-04-2022 Oct-13-2022 Oct-24-2022 Nov-02-2022 Nov-13-2022 Nov-22-2022 Dec-01-2022 Dec-12-2022 Dec-22-2022 Jan-03-2023 40 20 0 Jan-12-2023 Mar-30-2023 ON ■ Mr. Mohammad Moataz and Mr. Ramez are leading Qatari businessmen and entrepreneurs and Chairman and Vice Chairman of Power International Holding (“PIH”), a conglomerate spanning several sectors and UCC Holding, a leading contracting company ■ Oversee more than 40 businesses covering healthcare, hospitality, tourism, general contracting, agro-food industries, real-estate development, lifestyle, and services ■ Successfully completed the first-ever reverse merger of IHG with Elegancia Holding and renaming the listed Company as Estithmar as well as expansion of the Company in new business sectors, including healthcare, hospitality and tourism Successfully founded and listed Baladna, Qatar's leading dairy company which significantly contributed to the strengthening of food security and local economy ■ Mr. Mohammad Moataz and Mr. Ramez hold a bachelor's degree in Global Business from the University of West Scotland#13Estithmar - Growth Story Holding Q.P.S.C. HEALTHCARE OPERATION MANAGEMENT MODEL AL MAHA ISLAND LUSAIL MAYSAN DOHA LXR HOTELS & RESORTS 15 THE VIEW In Affiliation With HOSPITAL KATARA HILLS RESORT LXR HOTELS & RESORTS EBITDA QAR 518 mn Audited -2022 Cedars Sinai KMC Korean Medical Center 2023 Market Expansion Modular Factory Maldives EBITDA ROSEWOOD HOTELS & RESORTS Algeria Projects 11 Estimated Growth by 2.5x - 3x 2025 Egypt Projects Beyond#142 FINANCIAL STATEMENTS AND KEY HIGHLIGHTS ▸ Estithmar Holding Q.P.S.C.#15Estithmar- Key Financial Highlights Q1 2023 Holding Q.P.S.C. 园 2 766mm -9% 85. Revenue 184mm 1 EBITDA 48% 17 Figures are compared to Q1 2022 ■to 170mm $ Gross Profit 71% 101.21 10% Net Profit 2% ‣ elegancia healthcare ▸ Estithmar 9% ventures Clusters' Revenue Contribution 47% ‣ elegancia services 4% 39% ‣ elegancia ‣ elegancia industries contracting#16Estithmar- Key Financial Highlights Holding Q.P.S.C. Income Statement (in QAR m) Revenue 4,237 Investment Metrics (2022) Earnings per share QAR 0.107 Work-in-Hand QAR 3.2 bn Gross Profit 620 EBITDA 518 Net Profit 338 Financial Position (2022) Net Assets Return on Equity 7.3% Total Assets QAR 8.7 bn QAR 4.5 bn Working Capital QAR 89 mn Net Borrowings QAR 1.8 bn Debt/EBITDA 3.5 times Current Ratio 1.03 Cash Flow (2022) Operating Cash Flow QAR 428 mn Investment Cash Flow QAR (1,133) mn 18 Selected-Not- Booked QAR 15+ bn Interest Cover 7.7 times Financing Cash Flow Net Cash Flow QAR 814 mn QAR 110 mn#17Estithmar - 2022 Company snapshot Holding Q.P.S.C. REVENUE 2% EBITDA ASSETS 40% 9% ‣ elegancia 4 healthcare Number of Companies QAR 37 million 2022 Revenue QAR 3 million 2022 NP 1% contribution to Group Revenue 19 3% 1% 6% 26% 19% 48% 8% 67% ‣ elegancia services ‣ Estithmar ventures Work-In-Hand 30% 46% 50% 9% 32% ‣ elegancia contracting 4% ‣ elegancia industries 10 Number of Companies QAR 2,300 million 2022 Revenue QAR 295 million 2022 NP 6 Number of Companies QAR 104 2022 Revenue QAR 16 million 2022 NP 10 Number of Companies QAR 1,940 million 2022 Revenue QAR 68 million 2022 NP 11 Number of Companies QAR 446 million 2022 Revenue QAR 27 million 2022 NP 48% 2% contribution to Group Revenue contribution to Group Revenue 40% contribution to Group Revenue 9% contribution to Group Revenue#1820 Estithmar -Company snapshot Holding Q.P.S.C. Revenue 22 4,237 ‣ elegancia Estithmar Holding Q.P.S.C. (in QAR m) ‣ elegancia services Revenue ‣ elegancia contracting Revenue 2025 21% .8x Growth 47% 2022 2025 1.8x Growth 39% 41% 2022 EBITDA EBITDA 19% 2025 .8x Growth 2022 82% % represent contribution to the group EBITDA 22 518 elegancia healthcare industries Revenue Revenue 11% 2025 2.1x 10% Growth 2022 2022 ▸ Estithmar ventures Revenue 2025 7% 7.4x 2% Growth 2025 22% 1% 43x Growth 2022 EBITDA EBITDA EBITDA 2025 4% 4x Growth 2025 1.3x 2025 35% 2025 15% 24% 29% 10% 7% 7.2x Growth Growth 2022 2022 2022* 2022 * EBITDA not shown because it is negative#19Revenue (QAR millions) Revenue (QAR millions) Estithmar- Consolidated Income Statement Holding Q.P.S.C. Estithmar's P&L reflects growth in EBIT and Net Profit Group Revenue (2019-2022) Group EBITDA (2019-2022) 4,500 4,237 600 4,000 518 3,500 CAGR: 37% 3,202 500 422 395 3,000 2,500 2,000 1,500 1,000 2,346 1,646 Revenue (QAR millions) 400 300 286 200 100 500 0 0 FY2019A FY2020A FY2021A FY2022A FY2019A FY2020A FY2021A FY2022A Group Gross Profit (2019-2022) Group Net profit (2019-2022) 700 600 500 400 300 275 200 400 620 624 338 350 322 554 300 Revenue (QAR millions) 246 250 200 150 123 100 50 100 0 0 FY2019A FY2020A FY2021A FY2022A FY2019A FY2020A FY2021A FY2022A 21 * NP represents profit attributable to Owner's of company Revenue increased by 32% YoY Contracting and Services clusters continued strong organic growth which was complemented by additional demand related to the 2022 FIFA World Cup. • Contracting cluster contributed ~40% of revenue and Services sector contributed -48% of revenue in 2022 • EBITDA growth of 23%* Driven by growth across the business with additional incremental EBITDA from new business Estithmar Ventures Reported Statutory NPAT of QAR 338.2 million • Net Profit attributable to shareholders increased 5% from 2021. Increase in financing costs and depreciation as a result of major project investments made during H2 2022. *NP represents profit attributable to Owner's of company#2023 Estithmar- Related Party Transactions Holding Q.P.S.C. COSTS REVENUE 2022 61% Revenue ☐ ◉ Related Parties revenue is decreasing by 33% Growth in Healthcare, Ventures and Geographical Expansion attributable to external revenue. 9% Cost Sourcing in Healthcare, Ventures and Geographical Expansion drives diversification of spend. Related Parties Non-related Parties Est. 2025 5% 20% COSTS REVENUE#213 CLUSTER OVERVIEW Estithmar Holding Q.P.S.C.#22‣ elegancia healthcare ‣ Estithmar Holding Q.P.S.C. THE VIEW HOSPITAL In Affiliation With Cedars Sinai KMC Korean Medical Center HEALTHCARE OPERATION MANAGEMENT MODEL#23elegancia healthcare Elegancia Healthcare, is among the healthcare leaders in Qatar. Founded on the principles of compassion and global excellence, driven by a commitment to deliver unmatched patient-focused experiences and allowing people to lead better and healthier lives.. In order to optimize Qatar's continued and sustained economic growth and to successfully achieve the objectives of Qatar National Vision 2030, we understand that we must value the health and wellness of the collective and facilitate substantive action. We have recently established state-of-the-art healthcare institutions in the country namely, The View Hospital the Korean Medical Center, and technologically advanced medical centers introducing patient care of international standards. Our Services Portfolio + ACUTE CARE HOSPITALS SPECIALTY AMBULATORY SERVICES PUBLIC PRIVATE FAMILY HEALTH DIGITAL PARTNERSHIPS CENTERS HEALTH#24elegancia-Diversified Healthcare portfolio healthcare ACUTE CARE HOSPITALS SPECIALTY AMBULATORY SERVICES OPERATION MANAGEMENT PUBLIC-PRIVATE PARTNERSHIP NEW MARKET EXPANSION LONG TERM CARE & REHABILITATION + $ The View Hospital Korean Medical Center Projects in pipeline Future projects ΠΟΣ DIGITAL HEALTH Purpose built facility anchored by long-term and rehabilitation services Virtual visits Medical second opinion Chronic disease management Patient Engagement#25elegancia healthcare Q1 2023 Key Financial Highlights 17.1mn Revenue uto (11.1mm) Gross Profit (41.7mm) (45.3mm) for <0> EBITDA 32% THE VIEW HOSPITAL Projects Revenue Contribution 0% Net Profit 68% ews KMC#26elegancia - Financial Performance2022 healthcare Revenue Comments: The View Hospital opened on 18 December 2022. Revenue was contributed by The View Hospital and an ongoing operations management contract. 2022 1% Revenue Composition 2022 Main Growth Drivers EWS 100% • MEDICAL MEDICAL Long term operation management contract Low risk model • WMC affiliation (German Model) EDICAL#27elegancia.Potential Market Growth healthcare M Total Population Jan 2023 Current Insured Market 2.9 M 500,000 Qataris 300,000 QAR Potential to capture 5 bn traveler for healthcare Non-Labor 1.4 M Potential Targeted Market Non-Qataris 2.6 M Potential Insured Market After implementing the healthcare decree Labor 1.2 M#28elegancia-Revenue Drivers & Differentiators THE VIEW HOSPITAL In Affiliation With Cedars Sinai healthcare KMC Korean Medical Center HOSPITAL Drivers Wide spectrum of healthcare services ▸ Outbound medical patient ▸ Surgeries Revenue ▸ Pharmacy Revenue ▸ Diagnostic Revenue Differentiator ▸ Cedars Sinai Affiliation American Business Model Shifting services from curative to preventative Drivers Market Gap Inbound patient (Plastic Surgery) Medical Revenue Differentiator ASAN Affiliation Korean Business Model Holistic Healthcare ▸ Pharmacy Revenue ▸ Diagnostic Revenue MEDICAL MEDICAL MEDICAL EDICAL Drivers Differentiator ▸ Operation Management ▸ WMC Affiliation German Business Model#29Estithmar ventures Touristic Destinations Hotels and Resorts ▸ Hospitality and Entertainment ▸ Purposed focus Accommodation AL MAHA ISLAND LUSAIL Estithmar Holding Q.P.S.C. KATARA HILLS RESORT LXR HOTELS & RESORTS MAYSAN DOHA LXR HOTELS & RESORTS ROSEWOOD HOTELS & RESORTS#30‣ Estithmar ventures Estithmar Ventures, as a developer focuses on investing and developing touristic, hospitality, Purpose built accommodation and entertainment destinations. We operate through designing, developing, financing, and managing diverse projects that add value to our stakeholders and create a positive impact on our society. Tourism Hospitality Purpose Built Accommodation Entertainment#31‣ Estithmar ventures Q1 2023 Key Financial Highlights 90% AL MAHA ISLAND 7% KATARA HILLS 72.6mm ■to to (32.3mm) Revenue Gross Profit Projects Revenue Contribution 3% 21.6mm EBITDA tel (10.7 mm) MAYSAN Net Profit 0% EQUESTRIAN CLUB#32‣ Estithmar - Financial Performance & Future Growth ventures Revenue Composition Revenue Main Growth Drivers 2025 Maysan 2022 Katara Hills 7% 7.4x Growth 4% 8% 2022 2% EBITDA 2025 15% 7.2x Growth 7% 2022 % represent contribution to the group Al Maha Island 88% Hospitality 32% Al Maha Island 49% Equestrian Club 1% Katara Hills Maysan 12% 6% Al Maha Lusail Winter Wonderland/Government Subsidy ☐ Restaurants Rental ◉ Sponsorship Revenue ☐ Al-Maha Drive 2025 ■ Food Trucks Rental Gallery Katara Hills (LXR) Room Revenue F&B Revenue (Gymkhana) (Maysan) ◉ Hotel Revenue ☐ F&B Revenue ☐ SPA Revenue#33‣ elegancia services ancia ancia elegancia ‣ Estithmar Holding Q.P.S.C. CWR elega Keegan elegancia facilities management elegancia RESOURCES Catering Facilities Management Resources Gabro П elegancia#34‣ elegancia Q1 2023 Key Financial Highlights services 39% FACILITIES MANAGEMENT CATERING 园 398mn 82.2mn 39% KO> Business Units Revenue EBITDA Revenue Contribution uto 75m mn $ Gross Profit to 56.7mm mn Net Profit 4% 28% RESOURCES CABRO#35‣ elegancia.Financial Performance & Future Growth services Historical financial performance (Pro-forma Revenue, QAR Billion) 3 2.30 3 2 1.67 2 1.25 1 0.77 1 0 FY2019A FY2020A FY2021A FY2022A Work in hand Services QAR 1.5Bn 46% Revenue 2025 .8x 21% Growth 47% 2022 EBITDA 2022 Revenue Composition 2022 Gabrd 9% Events & Catering 26% Resources 42% Facilities Management 22% 2025 .8x 19% Gabro 6% Growth 82% Resources 27% Events & Catering 32% Main Growth Drivers • Expanding into oil & Gas, and Healthcare sectors. • Expanding into new market (KSA) Facilities Management 35% 2025#36‣ elegancia contracting ▶MEP ▶ Landscape ▶Marine ▶ Fit-Out ▶ Kitchens ▶CESCO Watermaster legancia ‣ Estithmar Holding Q.P.S.C. FIRE ACHTATH PUSH N PULL DOW NOTIFIER#37‣ elegancia- Q1 2023 Key Financial Highlights-Contracting contracting 327.5mm Revenue 124.6mm mn ΚΟΣ EBITDA uto 137mm Gross Profit for 116.9mm Net Profit MEP 59% CONTRACTING 4% Business Units Revenue Contribution MARINE 4% LANDSCAP 17.4% 1% KITCHEN 5.2% WATERMASTER 6.5% 1.3% CESCO Debbas#383 elegancia-Financial Performance & Future growth contracting Historical financial performance (Revenue pro forma, QAR Billion) 2 1.18 0.89 1 0.63 1 1.94 FY2021A FY2022A FY2019A FY2020A Work in hand Main growth drivers Contracting QAR 1.74 Bn 49% Revenue 2025 1.8x 39% Growth 41% 2022 EBITDA 2022 Revenue Composition Others Watermaster 5% 6% CESCO 7% Kitchens 4% Fit-Out 3% Marine 2% MEP 54% Landscape 18% 2022 Watermaster 5% Others 2% 2025 2025 29% 4x Growth Kitchens 3% CESCO 6% MEP 38% 24% • Expand into new sectors (hospitality & Healthcare) • Expansion to new markets • Development of new products (Cloud kitchen, containerizing pools) • Diversification of service offering Fit-Out 30% Landscape 13% Marine 3%#39‣ elegancia elegancia ‣ Estithmar Holding Q.P.S.C. industries Steel Joinery Stones Modular#40‣ elegancia Q1 2023 Key Financial Highlights-Industries industries 35.3mm (0.3mm) [<0> Revenue EBITDA uto 1.2mm $ Gross Profit te (5.1) Net Profit Business Units Revenue Contribution STEEL 31% 41% JOINERY 28% STONE#41‣ elegancia -Financial Performance & Future Growth industries 1 Historical financial performance (Revenue pro forma, QAR Billion) Revenue Composition Revenue 2025 11% 2.1x 2022 Growth Steel 10% Stones 40% 33% 0.45 0.32 0.35 0.28 2022 0 FY2019A FY2020A FY2021A FY2022A Work in hand Main Growth Drivers • Industries QAR .13 Bn 4% Developing new products: (Upholstery, Furniture, Decorative Metals) • Modular construction • Pre-Engineered Building • Expanding into the oil & Gas sector Expanding into a new market EBITDA 2025 1.3x 4% Growth 2022 10% Joinery 27% 2025 Steel 21% Modular 53% Joinery 16% Stones 10%#42‣ Estithmar Holding Q.P.S.C. 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