#1Taalcom EMPOWERING KNOWLEDGE R Investor Presentation Q1 2022/23#2Disclaimer This document has been prepared by Taaleem Management Services and contains certain forward-looking statements that reflect the current views of the Company's management, which have not been independently verified. They are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in this document. The Company does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this document. This document does not constitute an offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares of the Company and neither it nor any part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This document has been made solely for informational purposes and is subject to amendment. This document (or any part of it) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person or published in whole or in part for any purpose without the prior written consent of the Company. Taaleem | Investor Presentation 2#3TABLE OF CONTENTS 4 Taaleem Snapshot 6 Fertile Growth Environment 12 A Closer Look at Taaleem 20 Stock Information 21 ESG 25 Financial Performance 30 Latest Events 33 Appendix#4Taaleem Snapshot#5Taaleem - Egypt's Leading Pure Play Higher Education Platform Ho About Taaleem, operates a platform-based business model built on three operational pillars designed to be sustainably scalable across multiple assets and generate shared value between the company and the community. The platform's centralized supporting functions enable synergy extraction, control and operational optimization, and the exploitation of economies of scale, allowing Taaleem's academic units to focus on providing tailored value offerings and high-quality education. Company Overview Academic Quality Providing accessible, high-quality tertiary education that equips students with the skills needed to begin thriving professional careers Student Experience Providing exceptional student experience and enhanced student development activities that maximize value for all enrolled students Supporting/Enabling Functions Delivering a range of centralized value-adding functions, enabling the sustainable replication of Taaleem's model across multiple units Financial Highlights Revenue Adjusted EBITDA* EGP 230 million EGP 152 million cool !!($)! Q1 22/23 ▲ 34% YoY Q1 22/23 ▲ 44% YoY 66% Margin *Q1 2023's EBITDA adjusted for reserves allocated to the Employee Stock Option Program (ESOP). Taaleem | Investor Presentation Net Income EGP 108 million Q1 22/23 ▲ 50% YoY 47% Margin 5#6Fertile Growth Environment 00..40 ננ 10#7Macroeconomic Indicators (1/3) Population (millions) Demographic Profile - 2021 104 102 ■ Age 0-9 102 101 100 99 ■ Age 10-19 97 98 Age 20-29 95 10% 96 2.0% ■ Age 30-39 1.8% 1.7% 94 1.4% Age 40-49 92 ■ Age 50-59 15% 90 ■ Age 60-69 2017 2018 2019 2020 2021 ■ Age 70+ Population Annual Growth Source: CAPMAS Unemployment Rate (% of population) 14% 12.0% 12% 9.6% 8.9% 10% 7.5% 7.3% 8% 6% 4% 2% 0% 2016/17 2017/18 2018/19 2019/20 2020/21 Source: Ministry of Finance (MOF) Taaleem | Investor Presentation Source: CAPMAS 5% 2% 8% 25% 17% 19% • Egypt's population continues to grow with almost half of the country's population made up of the youth, a segment that is progressively on an upwards growth trajectory, driving increased demand for higher educational services. Egypt's unemployment rate is on a steady decline, indicating overall economic resilience and an expanding labor market. 7#8Macroeconomic Indicators (2/3) Real GDP Growth Average USD/EGP 7% 6.6% 6% 5.4% 5.5% 24 5.0% 23 5% 4.4% 22 4% 3.5% 3.3% 21 3% 20 19 2% 18 16.57 1% 17 16.19 0% 16 15 2017 2018 2019 2020 2021 2022 2023f Source: International Monetary Fund (IMF) CBE Discount Rate Core Inflation (YoY) Sep-19 Dec-19 Source: Central Bank of Egypt (CBE) 25% 20% 19.3% 18.3% 17.3% 16.3%, 15% 14.8% 13.8% 12.8% 10% 5% Jul-17 Feb-18 Apr-18 Source: Central Bank of Egypt (CBE) Taaleem | Investor Presentation Feb-19 Aug-19 Sep-19 Nov-19 Mar-20 Sep-20 Nov-20 Mar-22 9.8% 9.3% 8.8% 16.8% 9.8% 11.8% 13.8% 20% 15% 10% May-22 Oct-22 5% Dec-22 0% 2.6% 2.4% 1.9% 18.0% 14.6% 1.0% Dec-19 Sep-19 Source: Central Bank of Egypt (CBE) 3.3% 3.8% 3.7% 3.8% 10.1% 4.8% 6.0% Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 15.8 15.96 15.94 15.74 15.74 15.72 15.76 15.76 Jun-21 19.20 18.57 17.80 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 23.17 8#9Macroeconomic Indicators (3/3) Student-Age Population 2021 (% of total) No. of Universities/mn Population - 2022 35% 30.4% 3.5 30% 26.4% 27.4% 3.0 5 O 22.7% 23.2% 3.09 2.58 2.38 25% 20.4% 21.2% 2.5 17.6% 20% 2.0 13.1% 14.6% 15% 1.5 1.16 1.25 0.82 10% 1.0 0.44 0.50 0.62 0.68 5% 0.5 0% 0.0 Qatar Hungary China Kuwait Brazil Saudi Malaysia India Arabia South Africa Egypt India South Africa China Qatar Egypt Kuwait Saudi Malaysia Brazil Hungary Arabia Source: World Bank Public Expenditure on Education - 2020 (% of GDP) 10% 7.8% 8% 6.1% 6.2% 6.6% 6% 5.1% 4.5% 4% 3.2% 3.6% 3.9% 2.5% 2% 0% Egypt Qatar China Malaysia India Hungary Brazil South Kuwait Saudi Africa Arabia Source: World Bank - CAPMAS Taaleem | Investor Presentation Source: World Higher Education Database - World Bank • Egypt has the largest student-age population in comparable emerging markets and the MENA region. Given its young and growing population, a strong demand for educational services is projected in the long term. Egypt's low university penetration, combined with a low public spending on the sector, demonstrates a great opportunity for growth in private tertiary education. 9#10Number of Students Sector Highlights (1/2) Higher Education Market Share CAGR:4.0% 4,000,000 3,500,000 3,424,174 3,495,065 2,985,476 3,104,224 3,338,927 3,000,000 20.7% 21.7% 2,500,000 20.2% 5.7% 20.8% 6.2% 6.5% 23.4% 6.5% 6.3% 2,000,000 1,500,000 1,000,000 500,000 74.1% 72.9% 73.1% 71.8% 70.1% Source: CAPMAS 2017/18 2018/19 2019/20 2020/21 Public Private Other 2021/22 Public Higher Education Growth (000's) Number of New Intake Students 700 600 545 500 500 400 300 200 100 Taaleem | Investor Presentation CAGR: 2.0% 602 603 542 Private Higher Education Growth (000's) Number of New Intake Students 60 CAGR: 7.4% 54 47 50 50 45 40 40 30 20 10 322 Source: CAPMAS 2017/18 2018/19 2019/20 2020/21 2021/22 Other Higher Education Growth (000's) Number of New Intake Students 300 CAGR: 11.3% 282 245 250 225 231 184 200 150 50 100 5-5 2017/18 2018/19 2019/20 2020/21 2021/22 2017/18 2018/19 2019/20 2020/21 2021/22 Source: CAPMAS Source: CAPMAS • • The higher education sector is growing at a healthy rate (4-yrs CAGR of 4.0%), with private higher education recording a high growth rate reaching a 4-year CAGR of 7.4%, compared to 2% for public institutions. The expanding share of private market higher education reflects that it is strongly well-positioned for growth. 10#11Sector Highlights (2/2) K12 Market, High School Students (000's) Number of High School Students 2,500 CAGR: 4.1% 2,000 1,709 1,754 1,819 1,916 2,009 1,500 13.7% 14.7% 16.0% 17.6% 18.7% 1,000 86.3% 85.3% 84.0% 82.4% 81.3% 500 2017/18 2018/19 Public High School Students Source: Ministry of Education (MOE) - CAPMAS Public High Schools Students (000's) Number of Public High School Students 2019/20 2020/21 Private High School Students 2021/22 CAGR: 2.6% 1,650 1,634 1,600 1,579 1,550 1,528 1,497 1,500 1,475 1,450 1,400 1,350 2017/18 Source Ministry of Education (MOE) - CAPMAS 2018/19 2019/20 2020/21 2021/22 Taaleem | Investor Presentation Private High School Students (000's) Number of Private High School Students 400 350 300 257 234 250 200 CAGR: 12.5% 375 337 292 150 100 50 2017/18 2018/19 2019/20 2020/21 2021/22 Source: Ministry of Education (MOE) - CAPMAS • Private high school students are growing rapidly at a 4-yrs CAGR of 12.5%, compared to just 2.6% for public high school students, demonstrating an expanding culture of investing in quality private education. It also represents a large pool of potential private university students with the means to invest in private education. 11#12A Closer Look at Taaleem#13Our Robust Business Model Ensures Sustainable Scalability Supporting Functions Finance Human Resources Information Technology Legal • * Control/Optimization Drive strategy/operations through strong specialized management at platform level, enabling cross-asset partnerships and optimized models Shareholders Board of Directors Executive Management Financial & Operational Excellence Synergy Extraction Shared services channels enable revenue level synergies Academic Quality Best-in-Class Didactic Practices State-of-the-Art Facilities Exclusive International Partnerships Cost Efficiencies Operational optimization of integrated platform enables extraction of cost efficiencies QQuality Control Centralized monitoring of assets allowing efficient execution on strategic objectives, growth and financing initiatives. Enabling Functions Supply Chain Marketing & PR Student Experience • Low Student/Teacher Ratio Continuous Rollout of New Faculties • Student Affairs • Sporting Events • Academic Advisory • University TV • Student Clubs & Committees • Student Unions • Top-Tier Instructors • Advisory Team • Students Radio Broadcast Theater • On-Campus Dorms Project Management Assets Engineering / Maintenance Security NUB NAHDA UNIVERSITY IN BENI SUEF جامعة النهضة . ببني سويف NUB FACULTY OF PHYSICAL THERAPY خلية العائد الصحي 1 BADYA INTERNATIONAL UNIVERSITY New Cairo University Upcoming Assets Government Relations Heading Towards... Becoming Egypt's Leading Higher Education Services Provider by expanding in Egypt's underserved market and providing value for money, high-quality tertiary education reinforced by strong international partnerships and updated didactic approaches Taaleem | Investor Presentation Quality Control HSE 13#14A Leadership Team of the Highest Caliber Mohamed El Rashidi Managing Director & Chief Executive Officer Khaled Khater Chief Financial Officer Solafa Goueli Director of Academic Development & International Relations Hossam Shoushan Group IT Director Ahmed El-Hakim Head of Engineering & Projects Iman Badr El Din Business Development Director Nehal Ahdy Marketing & Public Relations Director Mohamed El-Tobgy HSE Manager Amal Ghoneim Financial Reporting & Consolidation Manager Mohamed El-Feky Supply Chain Manager Mohamed Azzam Hazem Fekry Financial Controller Khaled Abd El-Aal Financial Controller Mostafa Abd Allah Internal Audit Manager 14 Ahmed Zayed Head of Investor Relations Taaleem | Investor Presentation HR Manager#15Significant Milestones Across the Years 2015 In 2015, the founding Investors of Taaleem Management Services entrusted Mohamed El Rashidy to lead the company as its Managing Director & CEO given his long and successful career and his vision to give back to the Egyptian community by offering high quality and value for money educational services • . • Introduced Aptech English and computer courses at NUB Partnered with MUVI to develop NUB's Medical Faculty curriculum and related accreditation NUB entered into right- of-use agreement with Beni Suef Hospital to provide medical students practical training • • 2016 2017 Partnered with PHD to build a university in Badya Launched Physiotherapy Faculty at NUB Increased NUB Faculties of Medicine, Computer Science, & Engineering quotas • • Signed MoU with Maastricht University for an academic partnership with Badya University Received Presidential Decree for Arts & Architecture. Faculty of Arts launched in AY 22/23 Signed binding documentation to acquire university in East Cairo 2018 2019 2020 2021 • • • Acquired Nahda University in Beni Suef (NUB), an operational private university in Upper Egypt offering six faculties: dentistry, pharmacy, marketing & business administration, media, computer science, and engineering Launched NUB dentistry hospital • • Launched Medical Faculty and overhauled the NUB campus Acquired land for NUB campus expansion Partnered with MUVI to develop dentistry curriculum & received accreditation Offered on-campus academies by multinational companies Taaleem | Investor Presentation • • . • Listed Taaleem on the EGX Received initial approval from SCPU on Badya University Received SCPU approval to establish Faculties of Arts and Architecture at NUB NUB acquired license to offer postgraduate degree in dental science Signed partnership agreement with NKU 2022 15#16NUB NAHDA UNIVERSITY IN BENI SUEF جامعة النهضة . ببني سويف Our Assets - Nahda University in Beni Suef Upper Egypt's First and Largest Private University Taalsem EUROWERING ENIENCE 9 Operating Faculties 10 Licensed Faculties 100% owned by Taaleem 190K SQM in Beni-Suef 12,350 Student Capacity 1 new faculty & hospital set to launch m MEDICAL UNIVERSITY OF VIENNA NKU NORTHERN KENTUCKY UNIVERSITY Academic partnerships with MUVI & NKU NUB Student Evolution 6,273 6,913 6,137 4,251 4,683 4,973 5,120 5,398 5,577 3,126 3,276 2,499 508 1,119 1,772 1,892 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 Growth Avenues AY 2021/22 • 8 Faculties ⚫11,350 Total Capacity AY 2022/23 ⚫9 Operational Faculties ⚫ 10 Licensed Faculties • University Hospital ⚫13,350 est. Total Capacity 2000 Students Medicine & Physiotherapy • Launched in 2020 and 2021, Medicine and Physiotherapy Faculties still have one and two years of ramping up, respectively • New intake quota of 400 students for each of the two faculties 3.6K est. Capacity Three New Faculties 3 new faculties will be established on NUB's new 110K sqm extension acquired in 2020 • Taaleem's management will announce the new faculties once their files are submitted to the SCPU Taaleem | Investor Presentation 2000 Students AY 2023/24 & 2024/25 ⚫ 13 Faculties • University Hospital ⚫16,950 est. Total Capacity Arts & Architecture • Received presidential decree in Feb 2022 • 116mn of internally financed CapEx • Arts Faculty opened its doors to students in Sep 2022 with a new intake quota of 200 students, while Architecture Faculty will begin operations in Sep 2023 with expected new intake quota of 200 students • University Hospital Currently under construction with EGP 410mn of internally financed CapEx • 1st phase launched in September 2022 • Includes a commercial section, up to 70% of capacity Agreement with one of the top medical groups to be announced soon. 16#17BADYA INTERNATIONAL UNIVERSITY Badya University Top-Tier Private University Taalsem PALM HILLS DEVELOPMENTS Planned to operate in 2023/24-2024-25 60% owned by Taaleem 40% owned by Palm Hills 167K SQM in West Cairo 10,710 Planned Student Capacity 8 Planned Faculties Growth Avenues MHUC Approval SCPU Approval Received Received Cabinet Approval In progress Maastricht University Academic partnership with Maastricht University Presidential Decree In progress • Faculty/Facility Physiotherapy Dentistry Business & Economics Computer Science Engineering Fine Arts Medicine University Hospital Additional Faculty (TBA) Investment Planned CapEx is EGP 2.5bn (with a 15% inflation estimate, actual numbers may vary) Planned financing will be in the range of 40% equity & 60% debt (updated capital structure) Debt arrangement has been initiated with AUB since August 2022 Taaleem | Investor Presentation Planned Capacity 2,000 1,260 1,000 1,200 2,000 1,250 2,000 TBA TBA Planned Launch Date Phase 1 AY23/24 - AY24/25 Phase 1 AY23/24 - AY24/25 Phase 1 AY23/24 - AY24/25 Phase 2 AY24/25 - AY25/26 Phase 2 AY24/25 - AY25/26 Phase 2 AY24/25 - AY25/26 Phase 3 AY25/26 - AY26/27 Phase 3 AY25/26 - AY26/27 Phase 3 AY25/26 - AY26/27 Pricing Badya is to be positioned as a top tier university, and its tuition price points will be with a premium over those of NUB 17#18New Cairo University JM New Acquisition in East Cairo Located in East Cairo Initial Capital Injection of EGP 302mn Hosts up to 7 Faculties m² 80k SQM A Third Asset Under Development The newly acquired university is located in a densely populated area in East Cairo, serving a large faction of students with means to invest in high quality education. Since inception, Taaleem has gone through several rigorous selection processes to land on a suitable asset to acquire before choosing this new university as an ideal investment opportunity given that it meets the criteria set forth by the Company. The acquisition of the university is a step forward towards our strategy of becoming Egypt's leading higher education services provider by expanding in key locations and providing value for money, high-quality tertiary education. The acquisition in New Cairo expands Taaleem's portfolio to three universities, of which, two universities are in Greater Cairo. Transaction Overview The acquisition of the university will be completed through Taaleem's subscription to a capital increase of the target company that currently owns the university to fund the construction of the campus on an area of 80 thousand square meters in a strategic location in East Cairo, with a capacity to host up to seven faculties. The capital injection will be used to expedite the construction and subsequent launch of the university. Taaleem's investment will bring its ownership to 32% against a capital increase of EGP 302mn in the target company, with a path to 51% shareholding one year after the university enrolls students. Moreover, the Shareholders' Agreement (SHA) between Taaleem and the existing shareholders of the target company stipulates Taaleem's right to full operational and financial control over the university from the onset of the agreement. Semi-Green Acquisition The university in New Cairo is a semi-green asset, meaning that it has already completed part of the licensing process. The university file has received approvals from the Ministry of Housing, Utilities & Urban Communities (MHUC) and the Supreme Council of Private Universities (SCPU), with the licensing process pending only the cabinet's approval and the presidential decree. Taaleem | Investor Presentation 18#19Growth Prospects A Pipeline of Growth Opportunities Taaleem is positive about the sector prospects and believes that this is the right time to focus on growth to fortify its position as Egypt's leading pure-play higher education group. x x Taaleem's strategy targets reaching a portfolio of 4 assets with different offerings and price points in diverse geographic locations in the midium term. Higher Education Landscape Led by the industry's highest caliber, Taaleem is able to differentiate itself and leverage the higher education's market dynamics to successfully implement its growth strategy of becoming Egypt's leading higher education services provider ך Taaleem is currently studying various M&A opportunities, with a focus on semi- green assets (assets that are not operational but completed part of the licensing ☐ process) E Underpenetrated Market ##### Taaleem intends to finance the potential M&A opportunities through leveraging its unlevered balance sheet to optimize its capital structure and maximize ROE High Barriers to Entry International Partnerships Taaleem | Investor Presentation 19#20Stock Information Listed on the Egyptian Stock Exchange (EGX) Ticker Number of Shares Outstanding Market Capitalization (EGP, as of 30 November 2022) March 2021 TALM.CA 730,250,000 2,680,017,500 Shareholder Structure (as of 30 November 2022) Main Shareholders & Free-Float Free Float by Type Other Sphinx Obelisk Shareholders Ismail Al Tourki 6% 5% NUB HoldCo DMCC 7% Free Float EGY EDU Invest 13% 48% Thebes CV 21% Taaleem | Investor Presentation Institutions 84% Taalsem EMPOWERING KNOWLEDGE Free Float by Geography Retail 16% Europe 28.6% Other 0.2% South Africa America 7.1% 1.9% Egypt 33.1% GCC 29.1% 20 20#21ESG NUB NUE#22Giving Back to the Community Social Initiatives and Community Engagement Medical convoys to rural villages providing dental care, medical support Dental checkups for those in need at a nominal cost Preparation of medical centers in Upper Egypt, serving less fortunate villages Blood donation campaigns Participated in creating murals/artwork to improve Beni Suef's corniche landscape Illiteracy eradication campaigns Nutritional convoys & food donation campaigns Taaleem | Investor Presentation Diversity and Inclusion Initiatives Corporate Governance Female Taaleem Staff 49% Board Meetings in FY 2022 5 Taaleem Female New Hires 48% BoD Independent Members 18% NUB Staff with Disabilities 4% BoD Female Members 9% Academic Staff Trained 53 BoD Committees *As of FY 2022 *As of FY 2022 3 22#23Corporate Governance Framework Taaleem | Investor Presentation Board Mandate The Board manages the Company's affairs, which include setting and defining the strategic objectives of the Company as well as overseeing its execution. It also monitors the performance of the executive management and ensures the effectiveness of the Company's internal control and risk management system. The board regularly reviews the most suitable method to apply government mandates and adopt the highest performance standards to be followed by employees. Audit Oversees the Company's financial reporting and audit processes and ensures the effectiveness of the Company's internal control and risk management systems Board Committees Remuneration & Incentives Establishes the Company's wage structure, reviews employee bonus and profit share proposals, and issues recommendations to the Board of Directors ESOP Supervises the system of the employee stock ownership plan for the top management and executive members of the Board of Directors Internal Control System The Company's internal control system ensures the quality and effectiveness of operational processes, preserves the Company's assets, ensures the accuracy of financial reports, and ensures that all existing laws and regulations are being implemented. Internal Audit Issues periodic reports that include the internal control system's strengths and weaknesses as well as proposed recommendations Control Environment Risk Management Categorizes the main business risks the Company is exposed to classified as strategic, legal, operational, financial, and primary business risks Compliance Implements controls to circumvent risks, monitors and reports on the effectiveness of the internal control system, and resolves compliance issues as they arise 23#24Board of Directors Hisham Gohar Non-Executive Chairman Ahmed Badreldin Non-Executive Vice Chairman Mohamed El Rashidi Executive Member - Managing Director Mahmoud Attalla Non-Executive Member Hazem Badran Non-Executive Member Tarek Tantawy Non-Executive Member Youssef Heidar Non-Executive Member Taaleem | Investor Presentation Eskandar Tooma Non-Executive Member Independent Samia Elbaroudy Non-Executive Member Nabil Kamhawi Non-Executive Member Independent Omar Elimam Non-Executive Member 24 24#25Financial Performance#26Financial Indicators (1/2) Revenue (EGP mn) 700 600 500 400 354 300 200 100 CAGR: 20.4% 450 602 33.9% 618 ill EBITDA (EGP mn) 400 41.9% 355 350 CAGR: 28.9% 300 274 250 232 230 200 166 172 150 150 105 100 50 47% 51% 57% 61% 65% 45% FY 18/19 FY 19/20 FY 20/21 FY 21/22 Q1 21/22 Q1 22/23 Adjusted EBITDA (EGP mn) 400 350 300 250 182 200 150 100 50 51% CAGR: 25.0% 240 FY 18/19 FY 19/20 FY 20/21 EBITDA Net Income (EGP mn) 43.9% 250 355 341 200 FY 21/22 Q1 21/22 Q1 22/23 Margin CAGR: 27.8% 50.3% 230 185 144 150 110 108 152 100 105 72 57% 61% 66% 50 31% 32% 31% 37% 42% 47% alla alla 山 53% 57% FY 18/19 FY 19/20 FY 20/21 FY 21/22 Q1 21/22 Q1 22/23 Normalized EBITDA Taaleem | Investor Presentation Margin FY 18/19 FY 19/20 FY 20/21 FY 21/22 Q1 21/22 Q1 22/23 Net Income Margin Strong operational performance across the board during Q1 22/23 Revenue came in at EGP 230mn, +34% YoY, mainly on the 13% YoY increase in NUB's student base, including those enrolled in the newly launched Faculty of Arts, reaching 6,913 students. The growth was also attributable to the recognition of 8 additional revenue days of the first semester of the AY compared to Q1 2021/22. Normalized for the difference in revenue recognition days, revenue grew 21% YoY. EBITDA recorded EGP 150mn, growing 42% YoY with a strong 65% margin. Excluding the ESOP reserve booked in Q1 22/23, adjusted EBITDA would have grown by 44% YoY with a 66% margin. Adjusting for the difference in recognition days, normalized EBITDA grew 23% YoY. revenue Net Income landed at EGP 108mn, reporting a 50% YoY growth and a strong 47% margin. 26#27Financial Indicators (2/2) Working Capital (EGP mn) CAPEX (EGP mn) 350 298 300 (50) (41) (100) (150) (200) (250) (220) FY 18/19 (226) FY 19/20 FY 20/21 FY 21/22 Q1 21/22 Q1 22/23 250 190 200 172 150 110 (129) 100 61 (155) (155) 48% 50 42% 9 31% FY 18/19 FY 19/20 29% FY 20/21 FY 21/22 Q1 21/22 27% Q1 22/23 CAPEX CAPEX/Revenue Net Cash/(Debt) (EGP mn) 329 350 300 275 250 200 150 100 50 107 92 254 201 FY 18/19 FY 19/20 FY 20/21 FY 21/22 Q1 21/22 Q1 22/23 Taaleem | Investor Presentation • . Working Capital recorded negative EGP 155mn as of Q1 22/23. Taaleem has a negative working capital, as tuition is collected prior to the beginning of the semester, resulting in a negative cash conversion cycle (CCC). CAPEX for Q1 22/23 landed at EGP 61mn, recording a CAPEX/Sales of 27%, reflecting expenditures on NUB's new faculties and university hospital in the campus expansion. Having no debt to date, Taaleem remains in a Net Cash position of EGP 201mn. 27#28Operational Indicators Number of Students Enrolled Students CAGR: 6.4% 8,000 6,913 7,000 6,273 6,137 5,398 5,577 6,000 5,000 1,760 916 1,868 1,276 1,292 4,000 3,000 2,000 4,122 4,285 4,513 5,221 5,045 1,000 AY 18/19 AY 19/20 AY 20/21 AY 21/22 AY 22/23 Existing New Intake Student-Teacher Ratio Number of Seats Student Capacity 14,000 12,000 12,350 11,035 11,350 10,000 7,685 8,000 6,500 6,000 4,000 2,000 83% 80% HHHH 60% 56% 54% AY 18/19 AY 19/20 AY 20/21 AY 21/22 AY 22/23 Capacity Utilization Rate 35 28.78 30 23.48 24.05 23.94 22.37 22.91 25 17.34 20 18.12 17.54 17.89 15 12.6 11.1 12.2 12.0 12.3 10 5 0 AY 18/19 AY 19/20 AY 20/21 AY 21/22 Taaleem STR Public Universities Average AY 22/23 Private Universities Average . Enrolled Students at NUB totaled 6,913 during the AY of 2022/23, exhibiting a YoY increase of 13% as the year saw the reversal of previous SCPU and MOHE decisions that hampered student body growth during the preceding academic year. Taaleem's Student Capacity for all faculties at NUB reached 12,350 students in the academic year of 2022/23, up from 11,350 students last year, reflecting the addition of the Faculty of Arts to NUB. NUB's Student-Teacher Ratio stood at 12.3x in the academic year of 2022/23, compared to 12.0x in the previous year, significantly lower than public and private university averages. Taaleem | Investor Presentation 28#29Performance Outlook FY 2022 Actual Q1 2023 Actual FY 2023 Guidance Double Digit 3% Revenue Growth YoY 34% Growth EBITDA Margin (%) 57% 65% Adjusted EBITDA: 66% High 50's Operational 3% CAPEX/Sales (%) Growth CAPEX/Sales (%) ** 46% *Q1 2023's EBITDA has been adjusted for reserves allocated to the Employee Stock Option Program (ESOP). **Refer to slide 34 for FY 2021, FY 2022, and Q1 2023 CAPEX breakdowns Taaleem | Investor Presentation 2% 2% 24% 49% 29#30Latest Events 11 17 141 0 AR 13#31Highlights of the Main Events During the Past 12 Months Feb 13 Nahda University in Beni Suef Receives a Presidential Decree to Launch Arts & Architecture Nahda University in Beni Suef (NUB), the first and largest private university in Upper Egypt, received the presidential approval on February 12 to launch the two new Faculties of Arts and Architecture in the new extension of NUB. The two faculties are part of the planned expansion over the new land area of around 110,000 sqm acquired by Taaleem in 2020 to host the University Hospital and 5 new faculties. The first phase of the expansion included the University's Hospital and the Faculty of Arts, which are now operational as of September 2022. SCPU Terminates Centralized Enrollment System In its meeting on June 8, the Supreme Council of Private Universities terminated the centralized enrollment system that students were required to use to apply to private universities during AY 21/22, allowing them to directly apply to universities through their websites. It has also restructured the minimum acceptance grading system after the high school students' grades were announced, allowing for a careful analysis of test scores and determination of fair minimum acceptance grades that enabled private universities to admit the number of students required to utilize their capacities. Jun 9 ㅇ Jul 25 Slemens SI SIEMENS Taaleem Healthineers SIEMENS Healthineers Memorandum of Cooperation between neers & Toaleem Managemen NUB aaleem NUB ces Taaleem Collaborates with Siemens Healthineers to Provide Cutting-Edge Medical Technologies Taaleem collaborated with Siemens Healthineers to equip its university hospitals with the latest solutions in the field of medical technology, including installing imaging and laboratory equipment from Siemens Healthineers in NUB's university hospital. In addition, both parties agreed on an educational partnership, allowing medical students to enroll in the Siemens Healthineers Academy. Taaleem and Siemens Healthineers also signed a Memorandum of Understanding to extend their collaboration to Badya University, Taaleem's second asset that is currently under development. Taaleem | Investor Presentation 31#32Highlights of the Main Events During the Past 12 Months Jul 31 Taaleem Signs MoU with Maastricht University to Establish Academic Partnership in Badya University Taaleem and Maastricht University, one of the top universities worldwide and the 6th among young universities in the world based on the Times Higher Education ranking, signed an MoU to establish an academic partnership between Badya University and Maastricht University. Under the MoU, Badya University students will receive a supplementary certificate from Maastricht University in addition to Badya University's degree upon graduation, as all the programs will be based on Maastricht University's programs. The agreement also includes the possibility of implementing a student exchange program. AY 22/23 Enrollment Update Taaleem announced that the enrollment for the AY of 22/23 at NUB progressed strongly, reaching more than double the new intake numbers recorded in the AY of 21/22. NUB's enrollment for the AY of 22/23 reached 1,868, with 9 operating faculties including the newly launched Arts faculty. NUB's strong enrollment is supported by its excellent programs and reputation, and the record number of high school graduates eligible to enroll in universities this year. Nov 30 Sep 12 Taaleem to Acquire a University in New Cairo Taaleem announced that it signed binding documentation to acquire control of a university under-development in New Cairo. The acquisition will be completed through Taaleem's subscription to a capital increase of the target company that currently owns the university to fund the construction of the campus on an area of 80 thousand square meters in a strategic location in East Cairo, with a capacity to host up to seven faculties. Taaleem's investment will bring its ownership to 32% against a capital increase of EGP 302mn in the target company, with a path to 51% shareholding one year after the university enrolls students. Moreover, the Shareholders' Agreement (SHA) between Taaleem and the existing shareholders of the target company stipulates Taaleem's right to full operational and financial control over the university from the onset of the agreement. Taaleem | Investor Presentation 32#33Appendix 2 3 % + 2143 5231 47512588 1256586301 2211548690 231145568 213311599 21315 320120 32169852 12114 117579 01 OWLY 0 SIZE CL08 812 3322144 32366987 3303111 221233 414264 5498216 3221 32154316 1245755 214114 21201 1497 4/5125AA 73212303125 3206591 32664 2558742 127 12554 651. 323698540 3322144 211 5158750 OS 221233 2157 32 21445002 3254180 215#34CAPEX Breakdown FY 2021 - EGP 172mn Physiotherapy 5% Infrastructure 7% Operational CapEX 5% Learning NUB Land 63% Resource Center 20% Taaleem | Investor Presentation FY 2022 - EGP 298mn Physiotherapy 4% Arts & Operational CapEX 6% Architecture 14% Q1 2023 EGP 61mn Infrastructure 10% Maintenance 9% Physiotherapy 13% Hospital 76% Arts & Architecture 20% Hospital 48% 34#35Income Statement EGP (000's) Tuition Fees Student Housing Subscription Bus Subscription Other Educational Fees Total Revenue Operating Costs Gross Profit Margin G&A Expenses Provisions Other Income Operating Profit Margin Net Finance Income/(Cost) EBT Current Tax Deferred Tax Q1 20/21 129,874 1,389 Q1 21/22 Q1 22/23 YOY A 79 165,750 1,602 28 220,189 32.8% 1,966 22.8% 90 217.7% 3,454 4,280 7,564 76.7% 134,796 171,659 229,808 33.9% (44,396) (50,315) (55,690) 10.7% 90,400 121,345 174,119 43.5% 67.1% 70.7% 75.8% 508 bps (32,713) (32,174) (39,979) 24.3% N/A 8,123 912 65,810 90,083 48.8% 52.5% 9,618 3,179 75,428 93,262 (17,146) (21,878) (166) 495 Net Profit Margin EPS 58,116 43.1% 71,878 41.9% 0.76 0.09 840 134,980 -7.9% 49.8% 58.7% 626 bps 4,114 139,094 (33,134) 29.4% 49.1% 51.4% 2,039 312.1% 107,999 50.3% 47.0% 512 bps 0.14 Weighted Average Number of Shares Outstanding 73,025,000 730,250,000 730,250,000 Normalized EPS* 0.08 0.09 0.14 *Normalized for the difference in number of shares by dividing the period's earnings on the latest period's number of shares Taaleem | Investor Presentation 35 55#36Balance Sheet EGP (000's) Inventories Trade & Other Receivables Due from Related Parties Cash on Hand & at Banks Treasury Bills Total Current Assets Fixed Assets Intangible Assets Right to Use Trade & Other Receivables Total Non-Current Assets Total Assets Loans & Credit Facilities (due within one year) Provisions Leasing Contracts Liabilities Trade & Other Payables Deferred Revenue Due to Related Parties Current Income Tax Liability Total Current Liabilities Loans & Credit Facilities Deferred Tax Liabilities Leasing Contracts Liabilities Trade & Other Payables Total Non-Current Liabilities Paid Up Capital Legal Reserve Retained Earnings Capital & Reserves Non-Controlling Interests Total Equity Total Liabilities & Equity Taaleem | Investor Presentation Q1 20/21 5,023 28,606 Q1 21/22 5,420 78,333 0.6 Q1 22/23 YOY A 4,881 -9.9% 96,667 23.4% -100.0% 109,126 50,916 58,449 14.8% 252,629 203,163 142,402 -29.9% 395,383 337,833 302,398 -10.5% 661,620 770,353 1,071,089 39.0% 522,275 522,067 521,860 0.0% 44,713 34,747 -22.3% 16,976 16,405 15,835 -3.5% 1,200,871 1,596,254 1,353,538 1,691,371 1,643,531 21.4% 1,945,929 15.1% N/A 5,624 5,595 4,856 -13.2% 9,273 N/A 173,768 94,539 105,764 11.9% 186,500 144,531 141,900 -1.8% N/A 63,194 77,003 103,191 34.0% 429,087 321,668 364,985 13.5% N/A 100,317 100,533 98,192 -2.3% 47,870 34,017 -28.9% 40,599 27,066 13,533 -50.0% 140,916 175,469 145,742 -16.9% 730,250 730,250 730,250 0.0% 1,495 3,020 8,986 197.5% 285,320 1,017,066 449,804 1,183,074 682,703 1,421,939 51.8% 20.2% 9,186 1,026,251 1,596,254 11,160 1,194,234 1,691,371 13,264 18.8% 1,435,203 1,945,929 20.2% 15.1% 36#37Cash Flow EGP (000's) Net Profit Before Tax Adjusted for: Depreciation Amortization of intangible assets Amortization of right of use Rent contracts interest expense Provisions used Impairment of due from related party Impairment of Receivables & Other Debit Balances Gain from Sale of Fixed Assets Interest Income ESOP Reserve Interest Expense Profits Before Changes in Working Capital Changes in Working Capital: Inventories Trade & Other Receivables Due from related parties Trade & Other Payables Deferred revenue Due to related parties Taxes paid during the period Provisions Formed Proceeds from Amounts Paid under Investements Net cash generated from operating activities Payments for purchasing PP&E Proceeds from Sales of Fixed Assets Interest Received Net cash flows from investing activities Capital Increase Settlement of Deferred Consideration for the Acquired Subsidiary Profit share distribution to employees Dividends Distribution Acquisition of Non-controlling Interests Rent Contract Liabilities Tax on expected dividends distribution to shareholders Cash Flow from Financing Activities Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of the year Effect of Changes in Accounting Standards Cash and cash equivalents at end of the year Taaleem | Investor Presentation Q1 20/21 75,428 11,225 52 Q1 21/22 93,262 12,732 52 Q1 22/23 139,094 11,924 52 745 (9,597) (5,325) 2,470 1,141 (5,893) 2,104 150,893 77,853 100,721 36 (186) (6,720) (4,238) 154 (24,092) 2,754 (24,184) (30,760) 7,501 113,304 (16,097) 53,146 (33) (158) 57,207 178,684 20 164,023 (21,519) (8,686) (61,452) 9,597 5,325 (11,921) (3,361) 5,893 (55,559) (7,756) (12,671) (11,750) 3,157 (2,852) (4,854) (12,611) (9,513) (14,602) 32,675 328,880 165,810 92,207 93,862 106,809 (4,138) 361,555 253,879 200,671 37#38THANK YOU For more information, please contact the Investor Relations Team: [email protected]