Investor Presentaiton

III Key Investment Highlights 6 Robust Financial Performance Effective working capital management has been a key success factor to ISP's performance DOH 2016 2017 2018 1H 2019 9M 2019 2019 Inventory 29 days Receivables Payables CCC -2 days 83 days 114 days 34 days -11 days 83 days 128 days 34 days -8 days 35 days 83 days 94 days 125 days Supplier contracts have the option of credit terms ranging from 120-150days or a cash discount of 5-6% Net Debt to Equity Ratio Interest Coverage Ratio¹ 65% 17% -26% 2015 2016 2017 123 days 36 days 6 days 4 days 71% 4.4x 37% 3.1x 3.0x 3.0x 2.8x 93 days 124 days 36 days -1 day 89 days 124 days Facilities Breakdown | % of Authorized Limit Others CIB 12% 19% Credit Agricole 9% Bank 2018 2019 2015 2016 2017 2018 2019 Audi 5% Ahli United FY 2019 Current Ratio 6% Bank 5% QNB EGP 4.2 bn 6% United 871 1.1x 7% Bank 1.1x 1.1x 1.0x 1.0x Alex Bank 8% 5% 5% 6% 7% ENBD HSBC NBK Net Debt | EGP mn 356 163 (107) 54 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 ibnsinapharma (1) Calculated as EBITDA over interest expense Source: Company Management National Bank Mashreq of Egypt 21 21

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