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Investor Presentaiton

Financial Performance | Income Statement Highlights Net Revenue (EGP mn) 400 YOY : 61% 281.1 27% Revenue Breakdown ...O 40 29 51 174.1 2012 2013 2014 2015 2016 2017 14% 59% Land Plot Sales Real Estate Revenue Infrastructure * Based on Total Revenue before Returns ERC realized revenues of EGP 167.4 mn from land sales during 2017 (vs. EGP 85.4 mn in land sales during 2016). Jamaran Sales totaled EGP 9.2 mn in 2017 vs EGP 2.7 mn in 2016. Tawaya, ERC's exclusive waterfront apartments in Old Town developed in cooperation with Palm Hills, recorded revenues EGP 22.8 mn in 2017 vs EGP 5.9 mn in 2016. Meanwhile, recurring revenues from retail activities reached EGP 7.2 mn in 2017, including maintenance Revenues from ERC's facility management and infrastructure assets totaled EGP 75.3 million in 2017, up nearly 54% y-o-y, and contributing c.27% to the company's top-line. Utilities and services rendered included power distribution (EGP 35 million), water distribution (EGP 16.9 million) and facilities management services (EGP 20.8 million) among others. Gross Profit (EGP mn) EBITDA (EGP mn) Gross Profit ■GPM% EBITDA EBITDA% -268% -101% 58% -42% -10% 33% -28% -80% -83% 60% 20% 37% 232.3 242 (11) (23) (42) 2012 2013 2014 2015 34 103 -29.2 -21.7 -107.1 2016 2017 2012 2013 2014 2015 -17.9 2016 92.2 2017 Gross Profit recorded EGP 103 million (GP margin of 37%) in FY2017 against a gross profit of EGP 34 million (GP margin of 20%) during FY2016 EBITDA came in at EGP 92.2 million in FY2017 with an EBITDA margin of 33% compared to -10% in FY2016 Investor Presentation FY2017 28
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