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Investor Presentaiton

24 Cost Breakdown Operating Cost Breakdown QoQ YOY Quarter Only % % In EGP Millions Q4 2014 Q3 2014 Q4 2013 Change Change Interconnection Cost 585 Margin/Operating Cost 31.76% 571 32.94% 534 32.63% 2.48% 9.41% Depreciation & Amortization 380 Margin/Operating Cost 20.64% 388 22.38% 385 23.52% -2.00% -1.35% Other Operating Cost 876 Margin/Operating Cost 47.60% 774 44.68% 718 43.86% 13.23% 22.00% Total Operating Cost Expenses Margin/Total Revenue 1,841 1,732 1,638 6.28% 12.40% 61.19% 63.76% 58.86% Note: All financial figures reported are based on Consolidated financials under Egyptian Accounting Standards. Interconnection Cost Other Operating Cost Depreciation & Amortization Q4 2014 Results The increase in interconnection cost is mainly due to the commercial agreements signed with local MNOS for provision of international & infrastructure services. The decrease is a direct result of the increase in the cost of fully depreciated assets during the period. The increase of other operating cost is mainly due to the increase in license fees and frequencies by 77.31% & Employee cost by 18.05% YoY. te
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