Edita Company Presentation

FX and Raw Materials Considerations Raw Material Considerations Diverse group of over 100 raw materials and packaging products has historically provided natural hedge to any price changes Strict set of sourcing policies: Keep maximum of 1 month supply of local raw materials and 3 months supply for imported raw materials Short-to-medium term contracts only ranging from 1 month to a maximum of 1 year FX Considerations c.78% of direct materials sourced locally vs. 22% sourced internationally Raw Materials Breakdown (2014)1 Other Raw Materials 21% Sugar 13% Oil and Fats 12% Packaging² 28% Flour 11% Eggs 11% Cocoa 2% Milk Powder 2% Raw Materials (as % of Revenue & COGS) 81% 81% Approximately 50% of required foreign currency to source international direct materials covered from export revenues 52% 51% 49% Capex predominantly in EUR that is less volatile vs. EGP than US$ Successfully grew EBITDA margin over past few years despite EGP depreciating 2012 2013 2014 ■% of Revenue ■% of COGS Note: Raw Materials include Packaging. 1. Includes only raw material variants with contribution share > 2% of total raw materials. However there are other variants of the same direct materials reflected in other raw materials category. 2. Packaging includes boxes, wrappers, cartons, display boxes, OPP (oriented polypropylene) and shrink wrap. edita 79% 23

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