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Investor Presentaiton

ERC: 9M 2015 Developments & Overview Surge in Revenues ERC reported an almost 19-fold y-o-y increase in net revenues to EGP 316.2 million for 9M2015. The improvement in 9M results can be attributed mainly to year-on-year increases of 513% in activities revenues (EGP 297.4 million) and 19% in service revenues (EGP 36.2 million). Record Cash Collections The ongoing recovery of the hospitality sector and economy in general drove significant increases in cash collections from sub-developers and retail buyers, which stood at EGP 154.2 million for 9M 2015 compared to EGP 39.8 million for 9M 2014. Receipts from community management and services also rose by 26% in 9M 2015 to reach EGP 26.4 million. Cash Position The company's balance sheet remained liquid at the close of the third quarter, with cash of EGP 148.1 million. Sawari Marina Land ERC received the green light from the TDA (pending EEAA approvals) to proceed with the development of Phase 1 of the Sawari Marina project. The exclusive community will center around a world-class yacht club and marina with room for more than 330 boats and yachts. Pre-sales are expected to commence in 1H 2016. TAWAYA ERC subsidiary SHC's joint venture with Palm Hills Developments was launched in April 2015 and unit reservations have so far reached 20% of total available properties. The project shell is fully constructed, and internal finishing is set to be completed within a 12-18 month period. Jamaran The company's Jamaran development sold out towards the end of 2014 and has set the company on course to realize c. EGP 100 mn in revenues over the next three years EGX 30 ERC is now back on The Egyptian Exchange's most famous and followed index, the EGX 30, awarding the company greater exposure to local, regional, and international investors, on both the retail and institutional levels. 5 Investor Presentation 3Q 2015 ERC Egyptian Resorts Company
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