Investor Presentaiton

Industries Financial performance Industries Cluster is comprised of businesses that provide a comprehensive range of best-in-class steel, joinery and stone works. All steel businesses have been in operation now for over 6 years, while the joinery and stone business for 9 years. No change in BU composition has resulted since the Acquisition in April 2022. Historical financial performance (pro forma, QAR millions) 500 450 400 350 349.5 300 318.9 250 277.7 200 150 100 133.8 50 0 FY2019A FY2020A HY2021A FY2021A 228.0 HY2022R FY2022F FY2022F represents annualisation of HY2022 Revenue levels and are indicative only Work in hand as at 30 June 2022 - Industries QAR 218.5 m 10% Major Current Projects Dukhan Bank Headquarters Integrated Family Housing at Al Wakra Design & Build Lusail Palace The View Hospital New US Embassy in Doha Major Opportunities Long term, rehabilitation and home-care services Historical performance / drivers The HY 2022 Revenue of QAR 205.1 million significantly exceeded HY 2021 of QAR 133.8 million (up by 53.3%). This activity is driven by a solid order book of major projects in the stone, joinery and steel businesses. Net Profit for HY2022 was QAR 14.6 million or 6.4% which is within the target band of 5- 10%. Restructuring underway that will lead to cost synergies and efficiencies from delayering support functions. Forecast performance / drivers Cluster will continue to benefit from completion of infrastructure and building contracts ahead of FIFA World Cup as these are completed in Q3 2022. Activity expected to stabilize into 2023 and return to the more historical level of growth in line with the general construction output. According to the Qatar Planning and Statistics Authority (PSA), "[C]onstruction output growth is expected to up to annual growth of 4.1% between and 2025, supported by investments under the Qatar National Vision 2030" (Qatar Construction Industry Report 2022: Growth Set to be Assisted by Government Capital Expenditure Under the 2022 Budget ResearchAndMarkets.com | Business Wire) Value of secured contracts at 30 June 2022 was QAR 218.5 million (HY 2021: QAR 267.3 million), or approx 7 months of revenue based one H1 revenue run rate. ‣ elegancia steel joinery stones industries Estithmar Holding Q.P.S.C. ESTITHMAR HOLDING Q.P.S.C

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