Investor Presentaiton

23 Cost Breakdown YOY Operating Cost Breakdown 12 Months Period Ending Dec % In EGP Millions FY 2014 FY 2013 Change Interconnection Cost 2,350 2,259 4.03% Margin/Operating Cost 34.61% 34.92% Depreciation & Amortization 1,528 1,636 -6.64% Margin/Operating Cost 22.50% 25.30% Other Operating Cost Margin/Operating Cost 2,911 42.89% 2,572 39.78% 13.18% Total Operating Cost Expenses 6,789 Margin/Total Revenue 55.84% 6,467 58.07% 4.97% Note: All financial figures reported are based on Consolidated financials under Egyptian Accounting Standards. Interconnection Cost Other Operating Cost Depreciation & Amortization FY 2014 Results The increase of interconnection cost by 4.03% is driven by the commercial agreements signed with local MNOS for the provisions of International and Infrastructure Services. The decrease is a direct result of the increase in the cost of fully depreciated assets during the period. The increase of other operating cost by 13.18% is mainly due to the increase in license fees and frequencies by 77.49% & Employee cost by 10.72% on 2013. te

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