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Investor Presentaiton

ECS has acquired numerous hospitality assets across Portugal over the past 10 years Recognized player with track-record, resources, domestic and international partnerships and a strong expertise throughout 10 years, in the promotion, management and exit of various projects 28 acquired assets and/or under management Acquisition of +7 units, of which 2 to be concluded Reopening of 8 hotels; conclusion and opening of 1 CONRAD unit HOTELS & RESORTS Launching of the brand NAU (10 units) Conclusion and opening of 1 hotel 13 new or (re)openings 8 exits +8 exits ongoing 1st acquisition of 1 hospitality asset Management control of the 1st hotels Hilton Conclusion of the 1st emblematic hotel PESTANA HOTEL GROUP Acquisition of +16 units, of which 11 were closed Sale of 3 hotels and acquisition of 1 unit Acquisition of 1 hotel; legal turnaround of 2 units 2013 2014 2010 2011 2012 Sale of +2 assets Conclusion and opening of +2 units; 3 sale processes underway Sale of 3 units concluded and acquisition of an integrated resort 2015 2016 17-19 25
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