Investor Presentaiton

The Growth Opportunity Is Material... By 2020, more than half of African households will have discretionary spending power Share of households in each income bracket %, millions of households 100% = 163 196 244 Household income brackets S PPP1 2005 6 8 12 Globals (>20,000) 11 14 17 Consuming middle class 18 (10,000-20,000) 21 23 Emerging consumers (5,000-10,000) Discretionary income 29 32 Basic consumer needs Basic needs 29 (2,000-5,000) 34 24 18 Destitute (<2,000) 2000 2008 2020F Households with 59 85 128 income >$5,000 Million 1 Purchasing power parity adjusts for price differences in identical goods across countries to reflect differences in purchasing power in each country. SOURCE: Canback Global Income Distribution Database (C-GIDD): McKinsey Global Institute_ FIGURE 24 SPENDING BY GEOGRAPHY 2005 $ 605 Bn 6% 12% 1% 11% 7% 2% 20% 2010 2015 $ 856 Bn $ 1,065 1,095 Bn 7% 18% 41% 19 11% 36% 28% 7% 31% 2% 3% 7% 13% 11% 17% 6% 2% US Canada EU5 Rest of Europe Japan S. Korea Pharmerging ROW 2020 – 18.6m diabetics 1m new cancer pts pa 60m hypertensive patients corridors Emerging transport 2025 25% growth in urban pop 2030 2050 - 3.4% pa 60yrs population doubles 60% urbanised "Value for Many" replaces "Value for Money"

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