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Investor Presentaiton

Services Financial performance Services are leading providers of facilities management, catering, resources and material supply. The businesses in this division are mature and have been in existence on average for 7 years, experiencing significant growth over that time. Since the Acquisition in April 2022, the legacy businesses of Trelco Building Materials and CSC been included to achieve ost synergies where available. 2500 2000 1500 Historical financial performance (pro forma, QAR millions) 1,674.2 Work in hand as at 30 June 2022 Services QAR 868.9 m 40% Major Current Projects Msherib Properties (FM) Government Catering Hospitality catering Government properties (FM) Major Current Projects World Cup catering 1000 1,251.8 775.5 805.5 500 0 FY2019A FY2020A HY2021A FY2021A 960-9 HY2022R FY2022F FY2022F represents annualisation of HY2022 Revenue levels and are indicative only World Cup Security Pantry & Hospitality ABH District Event management Historical performance / drivers The HY 2022 revenue of QAR 960.3 million exceeded HY2021 of QAR 805.5 million (up by 16.8%), driven by the services and trade sector within the Elegancia Group. This activity is driven from COVID-19 movement restrictions and an increasing trend within the Qatari market for outsourcing facilities management and catering services. HY 2022 Net Profit of QAR 114.0 million or 11.9% is within target band of 10-15%. Cost synergies and contracted work during the World Cup and beyond Q3 FY2022 will continue to improve Contribution Margins for the remainder of the year. Major clients are Qatar Armed Forces, Msheireb Properties, Ministry of Education and Higher Education, Ministry of Interior, Ministry of Culture and Sport and UCC. Estithmar Holding Q.P.S.C. Forecast performance / drivers Qatar's Planning and Statistics Authority forecast Nominal GDP to grow by 9.0% in 2022. The Services BUS will continue to benefit from this through its temporary manpower solutions across a number of industries, including construction, event management, facility management, and landscaping to name a few, as well as grow in the facilities management and catering sectors. Activity is expected to peak during the second half of 2022 as FIFA World Cup infrastructure is completed and then will be supplemented by event management for FIFA-related activities. Following the FIFA World Cup 2022 at the end of the year, economic growth is expected to return to the longer-term average. As at 30 June 2022, Services has orders booked for the remainder of the FY2022 of QAR 868.9 million. [Note: Facility management and catering business enter into longer-term contracts with their clients, such as a catering contract for Qatar Armed Forces that has a further 11.5 years to run under its design, build, operate and transfer contract. However, the booked value is recognized on an annual basis]. ESTITHMAR HOLDING Q.P.S.C ‣ elegancia services events & catering facilities management resources gabro supply & trading
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