Investor Presentaiton
பர்0ே
TMG Holding
Monetize value of certain assets at the right timing
Potential
monetization plan
In that regard we have
successfully monetized EGP1bn
from the schools that we have
built in our projects to GEMS/
EFG as operators, which had very
minimal contribution to our
profits and used the proceeds to
invest in the hospitality business
in what we believe is a value
accretive transaction
We believe that today the market does not ascribe value to most of our recurring
income portfolio (namely hotels, retail, clubs, and non-residential land bank) which
offers a significant long-term upside for equity investors
We will keep monitoring the performance of such businesses and invest to grow
them over the coming period provided such new investments meet our target
returns criteria
Once these assets reach a stage of maturity to run on their own and continue the
current growth trend independently we will start exploring our monetization options
Such monetization options will include either IPOs or M&As that would create value
to the Group
For smaller non-core assets, we will aim to fully divest to an Operator that would
create further value to our communities
Proceeds from such monetization plan will finance dividends and business growth
Investor presentation 16View entire presentation