#1Investor Presentation FY 2019 00 ELSEWEDY ELECTRIC#2Disclaimer Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements, including worldwide economic trends, the economic and political climate of Egypt and the Middle East and changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in such forward-looking statements. Recipients of this document are cautioned not to place any reliance on these forward-looking statements. The Company undertakes no obligation to republish revised forward-looking statements to reflect changed events or circumstances. Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC 2#3AGENDA I. II. An Integrated Energy Solutions Global Provider Investment Highlights • Full-Service Integration Long Track Record Strong Geographical Presence State-of-the-art Facilities Experienced Leadership Prestigio Prestigious Client Base III. Business Line Review IV. Recent Financial Performance V. Corporate Social Responsibility Elsewedy Electric | Investor Presentation FY 2019 3#4An Integrated Energy Solutions Global Provider ELSEWEDY ELECTRIC Power...Build...Develop Sustainable Value.. Elsewedy Electric is an energy player structured to face the challenges of the world's fastest growing markets and the complexity of the critical electricity industry. From its start, deep product and sector specialization and unprecedented insight into local markets set the ground work for first mover advantage into new markets and sectors. Vision To become a global leader in delivering energy, services and value Integrity Our Core Values & Beliefs Innovation Excellence Ownership, Commitment & Collaboration 9130 Purpose To deliver efficient integrated energy solutions provided with exceptional expertise and service to our customers and communities safely and efficiently. Customer Satisfaction The Elsewedy family began what is today Elsewedy Electric in 1938 as an electrical equipment trading company. • In 1960, after developing deep market understanding and local presence, the company became Egypt's first specialized cables distributor. • In 1984, Arab Cables - as the company was then called – built the country's first private sector cables factory. The event marked the beginning of Elsewedy Electric's corporate identity. Leadership Products Elsewedy Electric | Investor Presentation FY 2019 Expertise 4#5Full-Service Integration ELSEWEDY ELECTRIC Elsewedy Electric is a fully integrated energy solutions provider: From raw materials such as metals and plastics to inputs across the spectrum of wires, cables and electrical products, to contracting and turnkey infrastructure projects and electricity generation. Elsewedy Electric provides integrated solutions through five divisions. L Industry EPC Technology Investment Development Elsewedy Electric | Investor Presentation FY 2019 5#6Summary of Main Financial & Performance Indicators ELSEWEDY ELECTRIC Total Revenue (EGP bn) 24.6 Revenue CAGR: 17% 46.6 42.9 42.5 -1% Revenue by Segment - FY 2019 42% 12.2 12.1 2016 2017 2018 2019 Q4-2018 Q4-2019 EBITDA (EGP bn) EBITDA EBITDA Margin 18% 18% 7.8 14% 14% 6.4 14% 6.1 4.5 7% 4% 2% 46% Wire & Cables ■Turn Key Projects Meters Transformers Other electrical products Net Income (after minority interest) (EGP bn) Net Income after Minority Net Income Margin 15% 20% 16% 6.4 12% 12% 11% 5.0 9% 3.9 4.0 2.4 1.7 1.5 1.3 2016 2017 2018 2019 Q4-2018 Q4-2019 2016 2017 2018 2019 Q4-2018 Q4-2019 46,628.8 mn FY Revenues ▲ 10% y-o-y EGP 4,021.8mn FY Net Income 19% y-o-y >14,000 No. of Employees 35 Years of Operation 22 Production Facilities 110 Export Countries Elsewedy Electric | Investor Presentation FY 2019 9 60#7Investment Highlights#8Fully Integrated Energy Solutions Provider *** • Fast track capabilities Industry Elsewedy Electric's integrated energy solutions provide a full range of offerings to produce, distribute, manage and safely use electrical power Integration across the value chain supports Quality guarantees EPC ELSEWEDY ELECTRIC Cost leadership Brand advantages Ability to offer turnkey solutions Cross-Selling Opportunities Technology Investment Development Wires and Cables Transformers Electrical Products Power Generation Electricity Transmission and Distribution Renewable Energy (Solar, Wind, Hydro) Water Treatment & Desalination Oil and Gas Transportation Smart Energy Management Data Centres Elsewedy Electric | Investor Presentation FY 2019 • Independent Power · Plants Industrial Logistical Utilities Development 00 8#9Long Track Record (1/2) ELSEWEDY ELECTRIC The Elsewedy Electric name has existed in the market since 1938 as a distributer of electrical equipment, becoming Egypt's first specialized cables distributor by 1960 and Egypt's first private manufacturer of cables with the establishment of a production plant in 1984. Over the next 30+ years, Elsewedy Electric would expand both organically and inorganically through the establishment of plants and the acquisition of companies across the value chain both domestically and abroad. 1936-2000 2000-2007 2008-2010 2011-2019 1938 Elsewedy family started its business as a trader in electrical equipment 2002 First Factory Outside Egypt, Giad Elsewedy Cables 2008 Established Elsewedy Cables Algeria Established Elsewedy Electric Zambia Acquired 70% stake in ECMEI, for electrical insulators Acquired 100% stake in Iskraemco (Slovenia), for energy measurement & management systems 2011 Established Elsewedy Technical Academy (STA). 1960 Elsewedy became the only distributor for specialised cables in Egypt 2003 Established Sudatraf- Transformers Acquired 30% stake in M. Torres Olvega Industrial (Spain), for wind energy generation 2014 Acquired 100% stake in Elsewedy Electric PSP Elsewedy becomes Egypt's first 1984 private sector cables 2004 manufacturer, Arab Cables Established Italsmea Elsewedy, a 2009 JV with Italsmea Italy Established Elsewedy Cables KSA Established Elsewedy Cables Ethiopia Established Elsewedy Cables Yemen Established Elsewedy Transformers Egypt Second factory, Egytech Cables, is established Established first plant for 1996 producing PVC compounds and master batch, Egyplast 2005 Established Elsewedy Cables Syria Acquired a majority stake in Power System Projects (PSP) 2017 Established Elsewedy Logistics Properties 2018 Established Elsewedy Technical Academy II (PIP) 1997 United Industries is established Elastimold Egypt is established 2006 Established Elsewedy Electric Ghana 2010 Group is renamed to Elsewedy Electric Increased stake in M. Torres Olvega Industrial to 90% 2019 Established Elsewedy Technology Established Elsewedy Utilities Established Siag Elsewedy Towers, a JV with Germany-based SIAG Established United Metals, first factory for copper rods 1998 Established SEDCO, for cable accessories 2007 Established Doha Cables Established Elsewedy Electric Nigeria Established Elsewedy Electric Syria (Transformers) Established United Wires for galvanized steel wires Acquired a majority stake in 3W Networks Acquired a majority stake in Rowad Modern Engineering Acquired portfolio of renewable energy assets in Greece (3 wind parks and 1 hydro power plant) Reached commercial operation at Benban solar PV power plants Elsewedy Electric | Investor Presentation FY 2019 9#10Business Line Review#11Long Track Record (2/2) ELSEWEDY ELECTRIC Elsewedy Electric has developed a strong track record in the execution of fast-track projects across Africa. The Group has repeatedly demonstrated its ability to secure high profile contracts both domestically and regionally with local governments Recent Notable Projects EPC Contract for two power generation plants in Egypt Mahmoudia Simple Cycle Power Plant Behira Attaqa Simple Cycle Power Plant Suez Awarded: January 2015 Value: USD 706 mn Capacity: 980 MW Client: Egypt's Ministry of Electricity & Renewable Energy Scope - Construction of 2 power plant projects with 6 heavy duty gas turbine packages Status: Completed EPC Contract alongside Siemens AG for New Combined Cycle Plant in Egypt Awarded: June 2015 Value: € 2 bn (Elsewedy portion: € 785 mn) Capacity: 4,800 MW Client: Egyptian Government Scope Engineering, procurement and installation of balance of plant in addition to the erection & installation of SIEMENS turbines Status: Completed Beni Suef Combined Cycle Power Plant, Beni Suef EPC Contract for three power generation plants in Angola Awarded: February 2016 Value: USD 484.5 mn Capacity: 500 MW Client: Angola Ministry of Electricity and Water (part of Angola's 2016 Emergency Power Plan) Scope - Construction of 3 power plants using GE gas turbines in three different locations in Angola (Camama, Cazenga and South Lunda) Status: Completed Elsewedy Electric | Investor Presentation FY 2019 11#12Strong Geographical Presence & Deep Market Insight Today, Elsewedy Electric is a global integrated cables and electrical products manufacturer and a turnkey services provider with more than 14,000 employees working at 25 production facilities in 9 countries Our Domestic Advantage Domestic recognition - Our nearly 100% local staffing allows for tax benefits, lower cost financing and ultimately, better margins and a secure market share Local insight allows us to retain Intelligence on local conditions and players, key relationships and an advantageous position to position to anticipate market demand Our Advantage Abroad Economies of scale without compromising local producer advantages A closely aligned federation of fully localized production and distribution centers with a global coordination center in Cairo Expansive Distribution Network Elsewedy Electric's comprehensive worldwide distribution network reaches around the globe Scalability of ICT infrastructure Considerable investment in ICT infrastructure to link geographically dispersed factories and offices allowing for the sharing of data and knowledge, reduces costs and lead times and Improvements in the operations Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC 9 Production Centers 40 Main Export Markets 15 Engineering & Contracting 12#13State-of-the-art Facilities Utilizing Advanced Technology ELSEWEDY ELECTRIC Advanced technology acquisition and development places Elsewedy Electric at the forefront of world electricity trends, positioning the group to supply the most cost effective, clean technology to regional developing nations. Group- wide sharing of the most advanced production technology extends significant efficiency gains across the group's activities, while effective brand development boosts the group's profile as a leading energy player. Certifications BASEC BRITISH APPROVALS SERVICE FOR CABLES Wires and Cables (Total Capacity) SYSTEM CERTIFICATION EGYPT • Cables Capacity: 156,000 tons Copper Rod Capacity: 120,000 tons PVC Capacity: 81,000 tons SAUDI ARABIA • Cables Capacity: 39,000 tons QATAR • Cables Capacity: 39,600 tons ALGERIA • Cables Capacity: 30,000 tons ETHIOPIA • Cables Capacity: 9,600 tons Qualitätsmet agement + ISO 900 SYSTEM OHSAS MANAGEMENT SYSTEM ISO 17025 SYSTEM CERTIFICATION CERTIFICATION ISO 14001 18001 SGS SGS SO TS 16949 SGS SYSTEM CERTIFICATION ISO 9001 SGS Elsewedy Electric | Investor Presentation FY 2019 Meters Transformers SLOVENIA Electrometers Capacity: 3 mn meters EGYPT • Electrometers Capacity: 1 mn meters EGYPT • Transformers Capacity: 7,200 MVA ZAMBIA • Transformers Capacity: 450 MVA ALGERIA • Transformers Capacity: 400 MVA 13#14Experienced & Dynamic Leadership Elsewedy Electric's management structure facilitates quick decision-making and the careful monitoring of developments around the world. The Group ensures that the highest level of management remains in touch with its core activities The Board of Directors Mr. Sadek Ahmed Sadek Elsewedy Mr. Ahmed Ahmed Sadek Elsewedy Mr. Mohamed Ahmed Sadek Elsewedy Managing Director Board Member Mr. Amr Mohamed Ahmed Labib Mr. Hisham Hussain Khazandar Management Pillars of Success ELSEWEDY ELECTRIC Non-Executive Chairman Efficiency Elsewedy Electric has a track record of completing critical national and international projects that require a return to service within an extremely tight schedule. Innovation As a global energy solutions leader we realize the need of innovation within the renewable energy sector. We work hard to develop alternative energy solutions for future generations. Quality As a global energy solutions leader we realize the need of innovation within the renewable energy sector. We work hard to develop alternative energy solutions for future generations. Board Member Mr. Ahmed Fikry Abdel Wahab Mr. Abdul Rahman Ahmed Ahmed Sadek El-Sewedy Mr. Ahmed Sadek Ahmed El-Sewedy Board Member Mr. Ahmed Saad El Din Abdo Abu Hendia Mr. Amr Nabil Mohammed Othman Elsewedy Electric | Investor Presentation FY 2019 Independent Board Member Independent Board Member Board Member Independent Board Member Independent Board Member Customer-Driven We strive to anticipate customer needs during new product development; we are in constant contact with clients, seeking their input to further tailor our products to their needs. Safety We boast a track record of positive contributions in manufacturing safe products. We ensure consistent safety and quality through strong governance and compliance to applicable regulations and standards. Skill Development Elsewedy Electric ensures hiring employees of the highest caliber while constantly investing in skill enhancement and development. 14#15Prestigious Client Base Nexans Elsewedy Electric boasts an impressive list of both global and regional clients spanning Energy, Telecom, Technology and other industries. LEONI kelag The repeat business of large regional government entities and global industry giants is testament to the exceptional quality, speed and service provided by the Group to its clients Sumitomo SPIE te data DANIELI Enel alcatel Technip SIEMENS ENSO جاسک GRIDCO GASCÓ Schneider Electric اتصالات etisalat ORASCOMA CONSTRUCTION SAMSUNG vodafone HITACHI KELLOGG W CHIYODA ENGIE CAIRO INTERNATIONAL AIRPORT K NPLANITIS VANITIS CHOVE OF COMPANIES ELSEWEDY ELECTRIC edp 90 Kenya Power BECHTEL VATTENFALL ABB Gamesa TeliaSonera amarA S EVN NUON e.on N.P. Lanitis Petrofac ANIXTER Terna ANIXTER Enppi ABENGOA ramos sierra IBERDROLA eDF Elsewedy Electric | Investor Presentation FY 2019 15#16Industry: Wires & Cables Capacity Split by Country (%) - December 31, 2019 ELSEWEDY ELECTRIC Product Range Comprehensive range of cabling solutions for residential, industrial, commercial and energy sectors 8% 4% 2% Egypt Saudi Power Cables Special Cables Fiber Optic Cables Winding Wires Raw Materials 27% Qatar 59% Algeria Volume (000 tons) Ethiopia Production Facilities Largest capacity in the MENA region with access to markets with underdeveloped infrastructure creating opportunities Egypt Algeria 205 207 197 197 197 179 • 159 2013 2014 2015 2016 2017 2018 2019 Elsewedy Electric | Investor Presentation FY 2019 • Egytech Cables ⚫ United Industries • El Sewedy Cables Egyplast Elsewedy SEDCO ⚫ United Metals • United Wires • El Sewedy Cables Algeria Ethiopia ⚫ El Sewedy Cables Ethiopia KSA ⚫ El Sewedy Cables KSA Qatar ⚫ Doha Cables ⚫ UEIC Elsewedy Electric has significantly extended its core wires and cables capacity in recent years, more than doubling its annual capacity since 2007 to approximately 280,000 tons as of December 31 2019 16#17Industry: Transformers Capacity (MVA) 7,200 Egypt Backlog (USD mn) 58 450 400 8,050 Zambia Algeria Total 90 79 FY 2017 FY 2018 FY 2019 Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC Product Range Elsewedy Electric produces a full range of low, medium and high voltage transformers -- including power and distribution (step up and step down) transformers Power Transformers Cast Resin Dry Oil Immersed Installation & Maintenance Production Facilities The Group utilizes a state-of-the-art set-up to solidify its position as a leader of integrated energy solutions in MENA and Sub-Saharan Africa Egypt Elsewedy Transformers - Egypt Zambia Elsewedy Electric - Zambia Algeria Elsewedy Electric - Algeria Elsewedy Electric is the first and only producer of power and distribution (step up and step down) transformers in the region up to 220KV. The Group benefits from access to untapped markets and low-cost manufacturing bases 17#18Industry: Electrical Products Revenue (EGP mn) 372 CAGR 27% 841 823 761 24% 243 185 2016 2017 2018 2019 Q4-2018 Q4-2019 Elsewedy Electric | Investor Presentation FY 2019 Project Range ELSEWEDY ELECTRIC Cable Accessories Elastimold Egypt is cable accessories manufacturer resulting from a joint venture with Elastimold USA and Elsewedy SEDCO. Services range from engineering, design and correct accessory selection to supplying, training, installation and supervision. Insulators In June 2008, Elsewedy Electric acquired The Egyptian Company for Manufacturing Electric Insulators (ECMEI), a Middle East-based manufacturer of electric ceramic insulators. ELSEWEDY SED CO + ELASTIMOLD EGYPT ELSEWEDY ELASTIMOLD ECMEI Others Explosion Proof Equipment Elsewedy Electric has been manufacturing explosion proof equipment since 1998 through Elsewedy Sedco, which specializes in supplying distinguished Electrical Bulk Materials (Explosion Proof) for the petroleum sector in Africa and Middle East Fiber Glass Poles Elsewedy Electric manufacture fiber glass up to a height of 14m. Through strategic alliances and acquisitions, Elsewedy Electric has become a one-stop shop, offering comprehensive solutions in the field of Electricity & Energy 18#19EPC: Turnkey Solutions Revenue (EGP mn) 6.4 9.5 CAGR 32% Revenue 15.4 13.2 19.2 27% 5.9 4.6 2015 2016 2017 2018 2019 Q4-2018 Q4-2019 Backlog - FY 2019 By Region 22% EGP 59 bn 44% 32% By Sector 15% EGP 59 bn 24% 61% Power Generation Transmission & Distribution HV Egypt Africa Other Civil & Networks Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC Project Range Elsewedy Electric's Turnkey Solutions segment delivers electricity generating assets and transmission and distribution (T&D) networks on an EPC basis. Power Generation Electricity Transmission & Construction & Infrastructure Telecom Solutions Distribution Geographical Reach The Group focuses on the power sector with strong capabilities that extend to large and complex infrastructure, industrial and commercial projects with an emphasis on turn-key contracting. Power • Iraq • Yemen ⚫ Cameroon • Libya PSP Transmission & Distribution Egypt Iraq ⚫ KSA • Qatar Algeria Chad Ghana • Mozambique Egypt • Niger • • Cameroon • UAE ⚫ Tanzania Ethiopia Equatorial Guinea • Rwanda • Zambia • Angola Elsewedy Electric is a leading engineering, procurement and construction contractor active across the MENA and Sub-Saharan African regions 19#20EPC: Turnkey Solutions Division | 1 Division | 2 Division | 3 Power Generation Power Transmission & Distribution ELSEWEDY ELECTRIC PSP ELSEWEDY ELECTRIC T & D Construction & Infrastructure RME ROWAD Modern Engineering Division | 4 ELSEWEDY ELECTRIC Projects Development & Renewable Energy ELSEWEDY POWER Considered one of the emerging EPC contractors with an extensive experience in the business of Power Generation and HV substation projects, Elsewedy PSP provides engineering, procurement, manufacture and construction services, demonstrating its dominant presence within the Egyptian market and successful expansion across the MENA Region; backed by the Group's corporate global activities. Elsewedy Electric T&D aspires to be a global leader in providing safe & environment friendly energy solutions to the growing infrastructure needs of its valued clients across the Middle East. We have the in- house capability to undertake design, engineering, procurement & management of installation activities for electrical power transmission & distribution projects on turnkey basis. One of Egypt's most reputable contractors with a strong reputation and growing business in Algeria, North Africa, Chad, and Mozambique. Through alliances with major international civil engineering and specialist contractors, we are able to undertake multidisciplinary projects of high scale and complexity. Develops, designs, builds, owns and operates assets in the field of power industry, whether in Power Generation or in Transmission & Distribution, outsourcing the corporate capabilities and expertise and cooperating with major & experienced developers, EPC contractors & equipment suppliers and focusing in emerging and growing markets, especially in which the Group has established a strong market position and special relations within. Sectors Served Power Industrial Infrastructure Utilities Sectors Served Power (Transmission Distribution) Utilities • Infrastructure Elsewedy Electric | Investor Presentation FY 2019 Sectors Served Infrastructure Industrial Power • Commercial Sectors Served Power Renewable energy 20#21Technology: Meters Revenue (EGP mn) 0 Rr1 1,072 248 CAGR 45% 2,945 3,200 3,258 III 753 -2% 738 2016 2017 2018 2019 Q4-2018 Q4-2019 7 TTHOURS Distribution Network 240V3V WATTHOUR CAT No 54 782451 ELSEWEDY ELECTRIC Product Range The acquisition of Iskraemco establishes a global metering and measurement giant with the technological strength to build tomorrow's smart products Smart Meters Induction Meters Residential Meters Industrial Meters EUR 42 mn Backlog December 31st 2019 Production Facilities With the production and distribution base to capture worldwide market share, Iskraemeco currently supplies over 3 million meters, mostly to countries in Europe and the Gulf. Slovenia • ISKRAEMECO - Slovenia Egypt ⚫ ISKRAEMECO - Egypt • Iskraemeco group production plants and offices Iskraemeco references (customer locations) In 2007, Elsewedy Electric acquired Slovenia's Iskraemeco, one of the world's most technologically advanced producers of metering equipment and services Elsewedy Electric | Investor Presentation FY 2019 21#22Investment Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC Project Range Elsewedy Electric, jointly and equally with Électricite De France's EDF Renewables, developed, financed, built, owns and operates two solar PV power plants in Benban, Aswan, developed as part of Egypt's Round II of the renewable energy feed-in-tariff program launched by the Egyptian government 130 MWp Capacity 140,000 Households Connected 120,000 Tons CO2 Saved/Year Benban Solar PV Plant Elsewedy Electric's Benban Solar PV power plants commenced operations in August 2019, with an in-place Power Purchase Agreement and Network Connection Contract Project Value USD 140 million Project Location Benban, Kom Ombo, Aswan Governorate, Egypt Elsewedy Electric contributes to and fully supports the Egyptian government's plan to generate 20% of the country's electricity from renewables by 2022 22 22#23Investment Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC Project Range Elsewedy Electric has completed the acquisition of 3 wind and 1 hydroelectric energy companies in Greece in June 2019 63.6 MWp Capacity 34,000 Households Connected 102,000 Tons CO2 Saved/Year Renewable Energy Assets Public utility off-taker "DAPEEP" (Diacheiristis Ananeosimon Pigon Energias kia Eggyiseon Proelefsis S.A.) guarantees the purchase of all the energy • produced at the parks. Acquisition Value EUR 55 million Project Location Ermioni, Argolida, Greece • Tsouka, Arcadia, Greece • Kilkis, Macedonia/Achaia, Greece Elsewedy Electric is committed to seeking investment opportunities to provide added value and sustainable solutions 23#24Development Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC Project Range Industrial Development Elsewedy Industrial Development is one of Egypt's leading master developers, controlling land bank of 5 million SQM. In partnership with large, specialized entities, Elsewedy Industrial Development is developing three industrial parks, Industria West, Industria East and Al Oula, servicing industrial clusters operating in food processing, engineering, textiles, building materials, logistics and other clean industries. Logistics Development Elsewedy Logistics Properties originated from Elsewedy's successes in the industrial development of Pi Parks and Al Oula. Located in Industria West with 14,000 SQM of warehouse ambient and temperature-controlled space, SLP #One will be operated in partnership with DB Schenker Egypt. This joint operation is part of SLP's strategic partnership agreement with DBS, one of the world's three largest logistics service providers, which will see the two jointly develop innovative and sizeable logistics assets in Egypt and the MENA region. ELSEWEDY DEVELOPMENT SLP ELSEWEDY LOGISTICS PROPERTIES 24 14#25Financial Performance#26Income Statement Highlights 42% 2% 4% 7% Revenues 2% 4% 8% Segmental Analysis FY 2019 46% FY 2018 56% 31% Wires & Cables Turnkey Solutions Meters Transformers Other Electrical Products Gross Profit ELSEWEDY ELECTRIC 4% 7% 6% 6% 11% 31% 11% 44% FY 2019 FY 2018 47% Wire & Cables I Turnkey Solutions Meters Transformers Other Electrical Products Elsewedy Electric | Investor Presentation FY 2019 ▲ YoY Revenue ▼ 8.3% ▲ Gross Profit 19.0% ▲ 45.4% ▲ 63.7% ▲ 1.8% ▲ 7.4% ▲ 5.9% 33% Gross Profit Margin (FY 2019) 12% 20% 27% 28.1% 30% 7.6% ▼ 18.7% 43% 26#27Income Statement Highlights Total Revenue (EGP bn) 24.6 2016 Revenue 31% CAGR 42.9 2017 46.6 42.5 2018 2019 12.2 Q4-2018 -1% ELSEWEDY ELECTRIC Gross Profit (EGP bn) Gross profit Gross profit margin 24% 24% 21% 9.0 8.2 17% 7.2 5.9 17% 18% 12.1 Q4-2019 2016 2017 2018 2019 2.9 2.0 Q4-2018 Q4-2019 Revenues grew 10% y-o-y to EGP 46,628.8 million in FY 2019. Top line growth was driven by turnkey projects, which grew by 45% y-o-y. The segment's overall top line contribution has risen significantly y-o-y, almost matching that of the core wires and cables segment. Gross Profit rose by 14% y-o-y to EGP 8,194.0 million in FY 2019, with the GPM registering a 0.7 percentage point climb to 17.6% during the year. EBITDA (EGP bn) EBITDA EBITDA Margin Net Income (after Minority Interest) (EGP bn) Net Income after Minority Net Income Margin 16% 20% 15% 18% 18% 14% 14% 14% 6.4 7.8 12% 5.0 12% 11% 6.4 9% 4.0 6.1 3.9 4.5 2016 2017 2018 2019 1.7 2.4 Q4-2018 Q4-2019 EBITDA climbed 6.2% y-o-y to EGP 6,434.2 million in FY 2019, yielding an EBITDA margin of 13.8% down by 0.5 percentage points y-o-y. Elsewedy Electric | Investor Presentation FY 2019 2016 1.5 1.3 2017 2018 2019 Q4-2018 Q4-2019 Net Income after Minority Interest came in at EGP 4,021.8 million in FY 2019 compared to EGP 4,991.9 million in FY 2018, representing a 19.4% decline y-o-y and an 8.6% net profit margin. 27#28Balance Sheet Highlights CAPEX (EGP bn) CAPEX CAPEX/Sales 6.3% 3.7% 2.9 2.3% 2.4% 2.6% 1.6 1.1 0.6 2015 2016 2017 2018 2019 Dividend Per Share ("DPS") (EGP) 0.4 0.3 2015 2016 1.6 ELSEWEDY ELECTRIC 0.8 0.8 0.8 2017 H1 2018 H2 2018 2019 Despite a significant growth revenue over the last 4 years, Elsewedy has maintained a relatively low CAPEX to sales (less than 4% between 2014 and 2018), with a slight uptick for 2019. The Board has proposed a dividend of EGP 0.80 per share for 2019, demonstrating its commitment to the continued distribution of dividends. Net Debt (EGP bn) 2,696.0 2,147.0 2015 2016 497.0 (12.0) (769.0) 2017 2018 2019 Net Debt Ratios Net Debt/Equity Net Debt/EBITDA 1.0x 0.6x 0.3x 0.2x 0.13x 0.06x 0.04x 0.00x 2015 2016 2017 0.048x 2018 0.001x 2019 Elsewedy recorded a net cash position amounting to EGP 769.0 million as at 31 December 2019 versus a net cash position of EGP 12.0 million as at 31 December 2018. Net debt to EBITDA decreased substantially over the last 4 years, from 1.0x in 2015 to 0.00x in 2019, while net debt to equity also fell from 0.3x to 0.001x, indicating a marginal level of debt in comparison to the company's size of operations Elsewedy Electric | Investor Presentation FY 2019 28#29Consolidated Income Statement EGP Sales Wires & Cables Electrical Products Turnkey Projects Total Sales COGS Gross Profit Gross Profit Margin SG&A Other Operating Income Other Operating Expense ELSEWEDY ELECTRIC Q4-2019 Q4-2018 Change FY-2019 FY-2018 Change 4,776,091,178 1,453,424,289 5,852,780,931 6,092,407,476 1,451,337,925 4,631,155,374 21,654,936,505 5,824,098,953 19,149,756,014 23,614,259,765 5,704,115,516 13,172,188,069 12,082,296,398 12,174,900,775 -0.8% 46,628,791,471 42,490,563,350 9.7% (9,185,560,166) 2,896,736,232 (10,158,099,188) 2,016,801,587 43.6% (38,434,791,700) 8,193,999,772 (35,291,395,175) 7,199,168,175 13.8% 24.0% 16.6% (760,196,711) (53,641,683) (93,668,341) 79,683,149 (692,054,055) 172,830,034 (112,969,401) (2,709,712,657) 312,797,121 (569,144,301) 375,294,555 (584,733,724) 17.6% 16.9% (2,235,107,952) 414,754,348 Income from Investments EBITDA 2,352,769,074 176,898,583 1,735,723,195 35.5% 6,434,236,008 616,298,493 6,060,447,575 6.2% EBITDA Margin 19.5% 14.3% 13.8% 14.3% Depreciation & Amortization (283,856,428) FX Gain / (Loss) (181,957,823) (174,216,446) (39,368,396) (831,001,518) (354,837,543) (650,068,235) (116,173,761) EBIT 1,886,954,824 1,522,138,353 24.0% 5,248,396,947 5,294,205,579 -0.9% Interest Expense (142,811,079) (96,516,462) Interest Income Interest Income / (Expenses) 147,043,170 4,232,091 235,352,368 138,835,906 EBT 1,891,186,915 1,660,974,259 13.9% (473,522,236) 719,695,770 246,173,534 5,494,570,481 (356,959,191) 1,130,359,587 773,400,396 6,067,605,975 -9.4% Tax (513,216,052) Net Income 1,377,970,863 (129,759,840) 1,531,214,419 -10.0% (1,331,462,506) 4,163,107,975 (957,926,253) 5,109,679,722 -18.5% Minority Interest (73,349,882) Net Income After Minority Interest 1,304,620,981 (43,416,885) 1,487,797,534 (141,263,579) -12.4% 4,021,844,396 (117,806,954) 4,991,872,768 -19.4% Elsewedy Electric | Investor Presentation FY 2019 29#30Consolidated Balance Sheet EGP Fixed Assets Investments Other Long Term Assets & Good will Other Long Term Receivables Total Long Term Assets Inventories Receivables Other Debit balance Due from Related Parties Cash & Cash Equivalents Total Current Assets Total Assets Bank Overdraft & Short Term loans Accounts Payable Other Credit balance Due to Affiliates Provisions Total Current Liabilities Issued and Paid Capital Retained Earnings Others Total Parent's Shareholders' Equity Minority Interest Total Equity Long Term Loans Other long Term Liabilities Total Long Term Liabilities Total Liabilities & Equity Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC 31-12-18 5,842,598,123 1,337,379,690 302,558,414 30-09-19 6,915,364,905 2,284,760,328 30-12-19 8,450,827,455 1,315,136,986 2,430,070,435 9,912,606,662 361,270,841 1,525,733,176 11,087,129,250 743,639,294 2,526,349,912 13,035,953,647 9,334,088,479 9,926,786,649 11,318,561,524 13,173,302,970 8,296,300,141 6,394,477,999 483,068,527 8,685,415,249 36,215,611,778 46,128,218,440 634,030,656 9,121,888,303 41,152,308,719 52,239,437,969 9,148,634,900 12,536,743,336 8,426,353,668 693,528,592 9,556,478,691 40,361,739,187 53,397,692,834 8,422,374,380 4,749,888,548 13,409,603,894 356,209,224 992,157,162 27,930,233,207 8,517,362,112 4,295,030,428 18,097,987,769 6,774,718,608 461,548,309 1,410,396,475 32,782,325,092 3,936,191,619 19,125,746,474 539,618,140 1,484,492,493 31,860,767,335 2,184,180,000 11,601,298,507 2,184,180,000 11,631,650,909 1,835,766,332 1,607,761,564 2,184,180,000 15,621,244,839 516,570,863 16,137,815,701 251,035,810 1,809,133,722 15,423,592,473 520,323,143 15,943,915,616 13,697,310,837 835,026,810 16,716,517,647 582,004,359 17,298,522,006 1,836,800,821 2,012,744,882 1,676,396,440 2,225,658,611 2,060,169,532 3,513,197,261 4,238,403,493 46,128,218,440 52,239,437,969 53,397,692,834 30#31Stock Information SWDY.CA/SWDY.EY (31/12/2019) Ownership Structure Issued Shares ■Mr. Sadek Ahmed Sadek Elsewedy Share Price 25.0 32.3% 2,184,180,000 Shares EGP 11.5 ■Mr. Ahmed Ahmed Sadek Elsewedy Listing Venue Market Cap 25.0 17.7 The Egyptian Stock Exchange EGP 25.12 bn Elsewedy Electric Stock Performance 400 350 300 250 200 150 100 50 0 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Elsewedy Electric | Investor Presentation FY 2019 SWDY EGX 30 Sep-18 Oct-18 ■Mr. Mohamed Ahmed Sadek Elsewedy ■Free Float Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 31 ELSEWEDY ELECTRIC#32Corporate Social Responsibility#33Corporate Social Responsibility ELSEWEDY ELECTRIC Elsewedy Electric aims to encourage and facilitate Egyptians to contribute positively to our society and create a sustainable business future. We recognize our responsibility for the social impact we have on communities, and our Corporate Social Responsibility program is integral to what we do. To this end, Elsewedy Electric supports a variety of projects and initiatives aimed at improving the lives of both Egyptians & Non-Egyptians through education, vocational training, healthcare and other sponsorship programs Select Partnerships & Events MAWAHEB FROM BEAUTIFUL PEOPLE Mawaheb is an art studio for disabled youth aged 16 and above. Elsewedy Electric supports Mawaheb in its mission to encourage each individual regardless of their disability to reach their highest potential through art and aid in the development of necessary life skills. E FACE Elsewedy Electric has partnered with FACE for Children to improve living standards for orphans, homeless children, child victims of abuse or neglect, and refugee children. EGYPTIAN FOD BANK Together... Ending Hunger The Egyptian Food Bank aims to eliminate hunger problems through creating awareness, providing educational and feeding programs, and encouraging long term development. Elsewedy Electric is one of the Bank's top contributors, with employees participating in the packaging of meals this Ramadan. Elsewedy Friends Club is a comprehensive training program for electrical engineers, contractors, traders, technicians, teachers of technical education and governmental agencies workers across Egypt and the countries in which Elsewedy operates. Established in 2010, the program has trained more than 1000 of its members in a variety of trades. Elsewedy Electric sponsors The Entrepreneurship Convention which offers a variety of specialized workshops including Small Business Simulation, Production Innovation Simulation and Intrapreneurship Convention aimed at encouraging young Egyptian Entrepreneurs. Elsewedy Electric | Investor Presentation FY 2019 33#34Corporate Social Responsibility ELSEWEDY ELECTRIC Select Healthcare Initiatives Abu El-Rish El Yabani Hospital Egypt Also known as Cairo University Specialized Pediatric Hospital, CUSPH is a Japanese-donated Cairo-based specialized pediatric hospital. Elsewedy Electric provided the total repair and renewal of its six elevators. Orman Oncology Hospital Egypt Elsewedy Electric contributed to El Shefaa El Orman Hospital in Luxor by preparing chemotherapy rooms for oncology patients. CHILDREN ENDS OF C FRIENDS C بالسرطان WITH CANCER أصدقاء الأطفال. Sphinx Cure Oncology Center Egypt Elsewedy Electric made a significant contribution to the construction development of the 1st, 2nd and 3rd phases of Sphinx Cure Oncology Center in Cairo, which offers free chemotherapy for underprivileged patients in poor areas. National Cancer Institute Egypt Elsewedy Electric cooperated with the NCI to provide a full operating room with a world-class mammography system solution from Hologic Selena Dimensions. Friends of Children with Cancer (FOCC) Helps supply consistent and timely access to high quality medication to children from low-income families. Elsewedy Electric supports FOCC in providing children who have undergone chemotherapy with proper nutrition to protect them from secondary infections in between treatments. Elsewedy Electric | Investor Presentation FY 2019 مستشفيات جامعة الزقاريق قطاع Zagazig University Hospital Egypt Elsewedy Electric supported the hospital by the refurbishment of the building, and proving the necessary medical equipment. Children's Cancer Hospital 57357 Egypt 57357 provides comprehensive family centered quality treatment specializing in Oncology treatment for children. Elsewedy has donated significantly to 57357 since its establishment in 2007. 14 34#35Corporate Social Responsibility ELSEWEDY ELECTRIC Select Education Initiatives Elsewedy Technical Academy STA ELSEWEDY TECHNICAL ACADEMY In 2011, Elsewedy Electric established the Elsewedy Electric Technical School which aims to support technical school graduates and prepare them to join the workforce. The school teaches them how to get acquainted with relevant education pathways for those who want to continue beyond upper secondary education. STA launched its first academy in September 2016 which hosted 600 students. It plans to acquire the Quality Management Certificate ISO 29990 in 2018 Students join STA on full scholarships, providing them with uniforms, learning material, electronic learning devices, transportation and on-the-job training during their three year course of study, in addition to financial support in the form of monthly compensation. Other Educational Initiatives Mohamed Farid School Egypt Elsewedy Electric developed the Mohamed Farid school, including all infrastructure works, classrooms, laboratories, activities as well as the hiring of teachers and administrators. Additionally, Elsewedy covers the cost of school uniforms, bags and stationary of its 1,760 students. Sheikh Abdul Aziz School (Warraq) Egypt Elsewedy Electric took the initiative to revamp the Sheikh Abdul Aziz school before the start of the 2015 academic year. The renovation process included painting the school, supplying new desks, and the development of a high end computer lab and sports courts El-Sheikh Zayed School for Basic Education Egypt El-Sheikh Zayed School for Basic Education offers a number of classes for KG1 & KG2. Elsewedy Electric allotted a monthly donation to renovate 4 classes in addition to hiring and funding additional teachers required to handle the classes and student enrollment. Early Childhood School Egypt IIn the beginning of the 2015 academic year, Elsewedy Electric signed a mandate with the Ministry of Education to renovate and renew the "Early Childhood School". All the toilets as well as the carpentry were renovated, in addition to six classes which were also supplied with books, toys, drawing tools, microphones and other equipment. Elsewedy Electric | Investor Presentation FY 2019 35#36Health, Safety & Environment#37Health, Safety & Environment ELSEWEDY ELECTRIC We believe that our employees are our most important asset. The safety of our employees, subcontractors and stakeholders is our highest priority. We strive to create and maintain a safe operating culture by prioritizing safety in everything we do. We believe in earning the confidence of consumers, shareholders and the wider society. We strive too be a good neighbor and contribute to sustainable development It is our belief that: • Every incident can be prevented Safety Health HSE . Safety can be managed . Our management is responsible for ensuring the safe operations Protecting the environment is our responsibility In Elsewedy Electric we are all committed to: . Pursue the goal of no harm to people • Train our employees on how to perform their jobs safely • Environment Provide the necessary resources for a safe and clean workplace and environment • • Our HSE Policy will be regularly reviewed to ensure ongoing suitability. The commitments listed are in addition to our basic obligation to comply with Elsewedy standards • Elsewedy Electric | Investor Presentation FY 2019 Plan for, respond to and recover from any emergency, crisis and business disruption Promote best practice in our industry ● Minimize our environmental impact through efficient use of materials and energy Encourage a culture in which all employees share our commitment to safety and environment Continuously improve the way we manage safety and environment protection in our operations 37#38Elsewedy Electric | Investor Presentation FY 2019 This slide is intentionally left blank ELSEWEDY ELECTRIC 38#39Elsewedy Electric | Investor Presentation FY 2019 This slide is intentionally left blank ELSEWEDY ELECTRIC 39#40Elsewedy Electric | Investor Presentation FY 2019 ELSEWEDY ELECTRIC Integrated Energy Solutions ELSEWEDY ELECTRIC 10 40