Slide 1: Orascom Development Egypt (ODE) Investor Relations Presentation 1H 2026
Orascom Development Egypt (ODE) Prepared for the Future Investor Relations Presentation 1H 2026 Built on Strength, Prudence & Resilience 2026 1
Slide 2: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX
Slide 3: Our Business
ORASCOM DEVELOPMENT EGYPT (ODE) OUR BUSINESS LEADING THE MARKET IN TOWN DEVELOPMENT AND REAL ESTATE SINCE 1989 PORTFOLIO INCLUDES Founded in 1989 + 7,400 employees 5 Operating More than 36 years of At the end of 1H 26 Destinations Real Estate 1H 26 Revenue: EGP 8.8bn excellence in destinations spann
Slide 4: ODE Destinations Portfolio - Egypt
ODE DESTINATIONS PORTFOLIO - EGYPT Creating Fully Integrated Destinations that Combines Real Estate, Hospitality and Award-winning Leisure & Commercial Amenities, Including Golf Courses, Marinas, and Sports Facilities. 950 +1.5 +10.1 1,964 real estate units million hotel guests billion EGP Recurring
Slide 5: ODE is majority owned by Orascom Development Holding
ODE IS MAJORITY OWNED AND CONTROLLED BY ORASCOM DEVELOPMENT HOLDING (ODH)* A LEADING FULLY INTEGRATED DEVELOPER WITH PROVEN TRACK RECORD INTERNATIONALLY ODH is a leading developer of fully integrated destinations with a diverse portfolio of worldwide destinations A leading fully integrated developer
Slide 6: Company Vision and Mission
COMPANY VISION AND MISSION Our Vision, Mission, And Values, Are Carefully Designed To Support The Right Culture That Ensures Realizing Fast Growth Rates, While Maintaining The Highest Level Of Quality, Integrity, And Customer Satisfaction VISION MISSION VALUES • Customer Obsessed putting our custome
Slide 7: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 7
Slide 8: ODE Wins and Investment Highlights
ODE WINS AND INVESTMENT HIGHLIGHTS Orascom Development Egypt (ODE) is a leading fully integrated developer with more than 36 years of experience and A proven track record of creating iconic masterplans and developing unique destinations. Leading International Market Leadership Landbank of 51Mn sqm D
Slide 9: Sustained Compounding Growth Across All Financials
El Gouna Overview SUSTAINED COMPOUNDING GROWTH ACROSS ALL FINANCIALS THROUGH THE YEARS 24,945 ODE Total Revenue ODE Adj. EBITDA (amounts in EGP million) 21,795 (amounts in EGP million) 10,136 9,356 15,325 5,758 10,269 3,913 7,053 4,660 4,987 2,487 3,357 1,363 1,377 1,367 2,604 1,018 1,456 427 +400%
Slide 10: ODE Treatment of a Unit Sale
ODE TREATMENT OF A UNIT SALE UNIT SALE DELIVERY ODE RECOGNIZES THE LAND REMAINING OF REVENUE IS PORTION OF A UNIT SALE AS RECOGNIZED AS PERCENTAGE REVENUE IMMEDIATELY UPON OF COMPLETION AS PER COMPLETING A SALE CONSTRUCTION SCHEDULE 10
Slide 11: Payment Plans
PAYMENT PLANS GOUNA O WEST Payment Plan 5 Years 9 Years 7-8 Years Delivery 2 Years 4 Years 3.5 Years Down 15% down payment 5% 10% down payment Payments with 10% upon delivery 6% Maintenance with 10% upon delivery Backloaded/Frontloaded Backloaded/Frontloaded Instalments Equal Instalments Equal Insta
Slide 12: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 12
Slide 13: 1H 26 YoY Revenue Breakdown by Business Segment
1H 26 – YoY Revenue Breakdown by Business Segment Recurring revenues grew 23% y-o-y to EGP 5.6 billion in 1H 26, with their share of total revenues rising to 38% — underscoring the continued strength and resilience of the Group's recurring income streams. Total Revenues 1H 26 Revenues by Segment 1H
Slide 14: 1H 2026 P&L Highlights
1H 2026 – P&L HIGHLIGHTS Adjusted metrics deliver double-digit growth across all P&L lines, excluding the land-effect in the adjusted scenario. +28.5% +45% -2% +31% 0% +31% Revenues Gross Profit 14.82 (EGP billion) 5.19 5.11 4.79 Adj. EBITDA 5.44 5.46 (EGP billion) 14.47 5.14 (EGP billion) 11.53 3.6
Slide 15: 1H 2026 Balance Sheet Highlights
1H 2026 – BALANCE SHEET HIGHLIGHTS Balance sheet strengthens significantly as Net Debt falls 12%, supported by double-digit growth in assets. Total Assets Receivables Total Cash +7% (EGP billion) +10% (EGP billion) +14% (EGP billion) 64.64 17.35 9.96 10.68 59.02 15.17 FY25 FY25 FY25 1H 26 1H 26 1H 2
Slide 16: 1H 2026 Cash Flow Statement Highlights
1H 2026 – CASH FLOW STATEMENT HIGHLIGHTS Healthy cash flows across the business, despite being impacted by the EGP 1.3bn payment to NUCA related to O West and increased payments to real estate suppliers as construction activity accelerated. Cash from Operating Cash Flow Operations -39% (EGP billion)
Slide 17: Land Monetization
2 Land Monetization El Gouna is Our Largest Remaining Undeveloped Land Bank Portfolio ODE Land Bank Facts: Latest Gouna Land Sale Transactions Transaction Sold Area Transaction Location / Use USD / sqm Date (sqm) Value (EGP mn) 21.3 Entrance of El Developed 42% LANDBANK June 2026 Gouna (School 15,23
Slide 18: El Gouna Map
El Gouna Map 18
Slide 19: Financing Profile
FINANCING PROFILE Solid credit profile with comfortable leverage metrics and strong debt coverage, providing significant headroom for growth and capital optimization. Debt Maturity Profile – June 2026 (EGP mn) 1H 26 1H 25 FY 25 Banks Debt 11,886.5 10,255.9 11,330.2 1H 26 Balance: EGP 11,886mn Cash 1
Slide 20: Financing Profile
FINANCING PROFILE Total foreign currency cash in banks reached c. USD 163mn as of the end of June 2026, which covers currently scheduled foreign debt amortizations till maturity Debt Payments by Currency 1,553 1,277 1,018 779 550 396 149 17 125 10 12 - 6 5 7 6 9 8 9 8 9 10 - - 2026 2027 2028 2029 20
Slide 21: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 21
Slide 22: ODE Strategy
ODE STRATEGY Over the past four years, we have identified a clear strategy to accelerate profitable growth, creating a more agile and cost-efficient business with the aim of creating additional shareholder value via four main focus items 1 2 Monetization Acceleration Commercial and Operational Uplif
Slide 23: ODE Strategy: 1) Monetization Acceleration
ODE STRATEGY: 1) MONETIZATION ACCELERATION Well positioned to deliver massive cash flows through monetization of large undeveloped land bank. ODE has secured decades-long property rights over 51 million square meters of land bank, of which 41% is still undeveloped offering the company a strong poten
Slide 24: ODE Strategy: 1) Monetization Acceleration
ODE STRATEGY: 1) MONETIZATION ACCELERATION ODE Group | Successfully realized c. EGP 5.4bn from the monetization program started three years ago with more to come 2025 2026 Program Achievements 2021 2023 2024 ✓ Successfully realized EGP c. 5.4bn from the monetization program ✓ Successful implementati
Slide 25: ODE Strategy: 2) Commercial and Operational Uplift
ODE STRATEGY: 2) COMMERCIAL AND OPERATIONAL UPLIFT Major global events, such as the COVID-19 pandemic, rising commodity prices, EGP devaluation, geopolitical tensions, and interest rate hikes, have impacted the business environment in Egypt and worldwide. We mitigate such risks in the following mann
Slide 26: ODE Strategy: 2) Commercial and Operational Uplift
ODE STRATEGY: 2) COMMERCIAL AND OPERATIONAL UPLIFT Displayed strong sales traction ODE Real Estate Sales (EGP bn) 32,461 22,758 19,431 9,204 11,109 6,928 6,187 773 1,463 2,290 268% growth 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ODE Real Estate Revenues (EGP bn) 1 4,000 12,853 13,263 1 2,00
Slide 27: ODE Strategy: 3) Growing Recurring Income Base
ODE STRATEGY: 3) GROWING RECURRING INCOME BASE Shapes a reliable source of cash flow, essential to finance ODE’s growth & shield our operations from slowdowns A spectacular recovery with further upside despite headwinds A reliable source of cash flow, essential to finance ODE’s growth and shield our
Slide 28: ODE Strategy: 4) Strong Leverage Metrics
ODE STRATEGY: 4) STRONG LEVERAGE METRICS A robust balance sheet with low leverage, despite high inflationary market condition 0.12x Net Debt / Adj. EBITDA EGP 10.7bn Cash and Cash 1H 26 1H 26 Equivalents 0.58x 1H 26 Debt / Equity $163M Foreign Currency Cash which covers our foreign debt payments til
Slide 29: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 29
Slide 30: Our ESG Strategy
OUR ESG STRATEGY HIGH PRIORITY ISSUES WASTE WATER MANAGEMENT CONSERVATION ENERGY ENVIRONMENTAL RESPONSIBLE EFFICIENCY R.E. DEV RESPONSIBLE PROCUREMENT BUSINESS ETHICS & TRANS- PARENCY HEALTH & SAFETY (CUSTOMER GOVER- SOCIAL / OCCPTN’L) NANCE EMPLOYEE WELLBEING COMPLIANCE W/ REGULATIONS CUSTOMER PRIV
Slide 31: Our Sustainability Journey – Key Milestones
OUR SUSTAINBILITY JOURNEY – KEY MILESTONES Our environmental commitment is reflected in our continued efforts towards enhancing energy efficiency and water conservation across our destinations IFC Sustainability Linked Loan In 2024, IFC SLL amounting to $155mn was secured supporting ODE strategy to
Slide 32: 2025 Sustainability Journey – Our Destinations at a Glance
2025 SUSTAINBILITY JOURNEY – Our Destinations at a Glance Sustainability practices are embedded across our destinations 1) El Gouna 3) Taba Heights El Gouna’s urban development is systematically designed to address key climate & environmental risks Given the water-stressed ✓ Doubled solar farm capac
Slide 33: 2025 Sustainability Journey – EDGE Certification
2025 SUSTAINBILITY JOURNEY – EDGE certification 10 of our Hotels are now granted the EDGE certifications, 9 are classified as EDGE advanced 33
Slide 34: Our Materiality Assessment
OUR MATERIALITY ASSESSMENT ENVIRONMENTAL SOCIAL GOVERNANCE # TOPIC DESCRIPTION # TOPIC DESCRIPTION # TOPIC DESCRIPTION 1 Water Conservation Efficient use and management 5 Data Privacy & Protecting customer data 2 Business Ethics Operating with integrity of water resources Cybersecurity from misuse &
Slide 35: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 35
Slide 36: Contact Us
Ahmed Abou El Ella – Group Head of Investor Relations & ESG CONTACT US Ahmed.abouelella@orascomdh.com IR@orascomdh.com +20 122 129 55 55 +20 224 61 89 61 36
Slide 37: Board of Directors – With Strong Track Record
BOARD OF DIRECTORS – WITH STRONG TRACK RECORD Dr. Eskandar Tooma Ashraf Nessim Mohamed Amer Tarek Gadallah Chairman, non-executive Chief Executive Officer MD for Commercial Activities Executive Board Member Dr. Reda Farahat Said Hanafi Dr. Alia Bassiouny Aya Ateya Member, non-executive Member, non-e
Slide 38: ODE Board Committees
ODE BOARD COMMITTEES AUDIT & RISK MANAGEMENT COMMITTEE Dr. Aliaa Bassiouny Dr. Reda Farahat Said Hanafi Waheeb Fawzi Aya Atteya (Chairman) (Member) (Member) (Member) (Member) NOMINATION & REMUNERATION COMMITTEE Dr. Aliaa Bassiouny Dr. Eskandar Tooma Said Hanafi Adel Serry Aya Shalakany (Chairman) (M
Slide 39: Disclaimer
Disclaimer THESE MATERIALS ARE BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION AND ARE STRICTLY CONFIDENTIAL AND THIS DOCUMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES. IT IS NOT A MUST NOT BE REPRODUCED, DISCLOSED OR FURTHER DISTRIBUTED TO ANY OTHER PERSON OR
Slide 40: Thank You
ORASCOM DEVELOPMENT x 8 > =“ Zz < Lc -
Slide 41: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 41
Slide 42: ODE Business Model – Evolution of a New Destination
ODE BUSINESS MODEL Business Model – Evolution of a new destination Acquisition Phase Development Phase Operational Phase Land Bank Value Creation New destination identification Real Estate RE Owner Services acquisition & initial concept Hotel Development Hotel Operations Destination Development Dest
Slide 43: We Have a Clear Strategic Vision to Guide Our Growth Ambitions
WE HAVE A CLEAR STRATEGIC VISION TO GUIDE OUR GROWTH AMBITIONS ODE Masterplan Framework ✓ We have a model built on unique and proven know-how ✓ We have a sharp understanding of value drivers in our business ✓ We have a clear vision and strategic focus 1 ✓ We have material reserves for growth 2 3 ✓ W
Slide 44: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 44
Slide 45: Gouna Key Facts
GOUNA KEY FACTS El Gouna Total Revenue El Gouna Real Estate Sales 6.1 +43% CAGR +39% CAGR ▪ (Million sqm) 17% 19,798 Developed 15.6 ▪ (EGP billion) 14,910 ▪ (EGP billion) 12,420 12,398 Undeveloped 36.9M sqm 42% Avg Selling Price/Sqm/EGP LAND BANK 9,781 Under Construction 7,583 6,537 4,561 4,047 4,43
Slide 46: Gouna Key Facts
GOUNA KEY FACTS 4 25K MORE THAN 10 K 50+ MARINAS 1MN+ PERMENANT RESIDENTIAL KEY RESIDENTS FROM DIFF. WITH 650 BERTHS VISITORS RESIDENTS DELIVERED NATIONALITIES +150 BERTH DRY DOCK ANNUALLY 05 08 6 SCHOOLS 36 MIL. SQM CO-WORKING CERTIFIED DIVING KITE-SURFING SPACE CENTERS TOTAL AREA CENTERS INTERNAL
Slide 47: El Gouna, Egypt
EL GOUNA, EGYPT Total revenues generated from El Gouna increased by 11% YoY to EGP 10.7bn in 1H 26. REVENUES PER SEGMENT KPIs 1H 26 (EGP mn) 1H 26 1H 25 % Chg. -10.7% 1H 2023 1H 2022 % Chg +11% Hotels Hotels 10,665 Total number of rooms 2,528 2,528 – Total number of rooms 2,677 2,681 (0.1%) 9,622 Oc
Slide 48: O West Key Facts
OWEST KEY FACTS O West Total Revenue O West Real Estate Sales +19% CAGR +10% CAGR ▪ (Million sqm) 1.06 5,259 12,560 25% • (EGP million) • (EGP million) 1.73 3,993 9,148 Developed Avg Selling Price/Sqm/EGP 41% 2,889 3,085 Undeveloped 4.23M sqm 5,739 LAND BANK 5,440 Under Construction 1,711 3,317 3,96
Slide 49: O West Key Facts
OWEST KEY FACTS +5,000 (EGP 45BN) EDUCATION HUB CONTRACTED UNITS OF 3.2 MIL. SQM 4 TOP TIER 4.2 MIL. SQM WITH MORE THAN 1,500 LOCATED RESIDENTIAL UNITS INTERNATIONAL TOTAL AREA OVER 11,000 UNITS DELIVERED UNITS HEART OF WEST CAIRO SPREAD SCHOOLS LANDSCAPE LARGEST SPORTS DESIGNED BY HOK 190,000 M2 DE
Slide 50: O West, Egypt
O WEST, EGYPT REVENUES PER SEGMENT KPIs 1H 26 (EGP mn) +97% -10.7% 1H Q1 26 Q1 2023 1H 25 2022 %%Chg. Chg 2,318 Real Estate Hotels Totalsales Net (EGPmn) number of rooms 5,673.7 2,677 3,619.3 2,681 56.8% (0.1%) 74.8 66.8 Occ. of No. forcontracted total rooms units (%) 331 69% 242 60% 36.8% 15.0% 1,1
Slide 51: Makadi Heights Key Facts
MAKADI HEIGHTS KEY FACTS Makadi Heights Total Revenue Makadi Heights Real Estate Sales +51% CAGR +61% CAGR ▪ (Million sqm) 1.37 1.38 1,805 7,453 29% 29% • (EGP million) • (EGP million) 1,435 Avg Selling Price/Sqm/EGP Developed 4.77M sqm 4,914 Undeveloped 1,044 LAND BANK Under Construction 691 635 2,
Slide 52: Makadi Heights Key Facts
MAKADI HEIGHTS KEY FACTS +2,900 +40 NATIONALITIES + 17 REAL ESTATE 4.77 MIL. SQM RESIDENTIAL UNITS 70% INTERNATIONAL NEIGHBORHOOD NURSERY 1.7 MN SQM UNDEVELOPED DELIVERED SALES LAUNCHED & KIDS AREA 1.7 MIL. SQM 1 HOTEL RAW LAND TO DATE WITH 288 ROOMS IN LEMON & SOUL SWIMMING POOLS MALL AQUA PARK 19%
Slide 53: Makadi Heights, Egypt
MAKADI HEIGHTS, EGYPT REVENUES PER SEGMENT KPIs 1H 26 (EGP mn) -10.7% 1H Q1 26 Q1 2023 1H 25 2022 %%Chg. Chg +178% Real Estate Hotels 1,736 Net Totalsales (EGPmn) number of rooms 3,597.6 2,677 1,721.3 2,681 109.0% (0.1%) 8 74.8 66.8 No. Occ. of forcontracted total rooms units (%) 210 69% 124 60% 69.
Slide 54: Taba Heights Key Facts
TABA HEIGHTS KEY FACTS 0.02 Taba Heights Total Revenue Taba Heights ARR & Occupancy Rate 0.5% +38% CAGR +46% CAGR ▪ (Million sqm) • (EGP million) 480 • (EGP million) 1.7 2,950 Developed Occupancy % 40% 4.27M sqm Undeveloped LAND BANK 1,973 2.56 237 1,702 Under Construction 204 172 60% 979 48 63 454
Slide 55: Taba Heights Key Facts
TABA HEIGHTS KEY FACTS 40+ 4.3 MIL. SQM 200KM NATIONALITIES CAME 6 HOTELS YACHT MARINA NORTH SHARM EL-SHEIKH TO VISIT IN 2025 2,349 ROOMS CAPACITY OF 50 YACHTS TOTAL AREA TENNIS COURTS FARM WATER SPORTS CENTER 25 SWIMMING POOLS MAN MADE SALT CAVE 18 HOLE SQUASH COURTS CHAMPIONSHIP GYM FOOTBALL COURT
Slide 56: Taba Heights, Egypt
TABA HEIGHTS, EGYPT Management continues to prioritize liquidity preservation and cost discipline REVENUES PER SEGMENT KPIs 1H 26 (EGP mn) 1H 26 1H 25 % Chg. -9% -10.7% 1H 2023 1H 2022 % Chg Hotels 100 Hotels 91 Total number of rooms 2,349 2,349 – Total number of rooms 2,677 2,681 (0.1%) Occ. for av
Slide 57: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 57
Slide 58: 1H 26 Revenue Analysis
1H 26 Revenue Analysis Delivering robust growth despite difficult market conditions Revenue EBITDA Adj. EBITDA1 (EGP mn) 1H 26 1H 25 Δ in % 1H 26 1H 25 Δ in % 1H 26 1H 25 Δ in % Hotels 3,253.9 2,694.2 20.8% 1,519.2 1,403.9 8.2% 1,484.3 1,354.9 9.6% Real Estate 8,840.4 5,389.9 64.0% 3,578.2 2,269.0 5
Slide 59: 1H 26 Deep Dive – Real Estate Segment
1H 26 DEEP DIVE – REAL ESTATE SEGMENT RE Delivers Strong Growth & Margin Expansion - 1H 26: 64% Rev. Growth | 39% Adj. EBITDA Margin – Q2 26: 108% Rev. Growth | 35% Adj. EBITDA Margin) Commentary Revenues +64% (EGP million) Revenue 8,840 +108% ✓ The 64% and 108% increases in real estate revenue in 1
Slide 60: 1H 26 Deep Dive – Hospitality Segment
1H 26 DEEP DIVE – HOSPITALITY SEGMENT Delivered Resilient Growth & Margin Expansion Despite Regional Headwinds - 1H 26: 21% Rev. Growth | 46% Adj. EBITDA Margin – Q2 26: 12% Rev. Growth | 45% Adj. EBITDA Margin Commentary Revenues +21% (EGP million) 3,254 Revenue 2,694 +12% ✓ Our hotels delivered a
Slide 61: 1H 26 Deep Dive – Commercial Assets Segment
1H 26 DEEP DIVE – COMMERCIAL ASSETS SEGMENT Commercial Assets Continue to Generate Stable Recurring Cash Flows - 1H 26: 25% Revenue Growth | 25% Adj. EBITDA Margin Commentary Revenues +25% (EGP million) Revenue 2,374 ✓ The segment delivered strong revenue 1,893 +27% growth in both Q2 and 1H 26, with
Slide 62: Deferred Revenue Balance
Deferred revenue balance Up by a solid 13% to EGP 47.8 billion, providing strong visibility on our real estate revenue over the next 5 to 6 years (EGP mn) Total deferred 2026 2027 2028 2029 2030 2031 Country Destination revenue balance Egypt El Gouna 14,518 4,362 6,239 3,917 – – – Byoum 24 15 9 – –
Slide 63: 1H 2026 – P&L
1H 2026 – P&L 1H 26 Nor. 1H 25 Nor. (EGP million) 1H 26 Act. 1H 25 Act. (Ex. land sales effect) (Ex. land sales effect) Revenue 14,818.0 11,529.8 14,467.9 9,976.7 Cost of sales (9,710.1) (6,343.2) (9,677.4) (6,306.7) Gross profit 5,107.9 5,186.6 4,790.5 3,670.0 Gross profit margin, (%) 34.5% 45.0% 3
Slide 64: 1H 2026 – Balance Sheet
1H 2026 – BALANCE SHEET (EGP million) 30.06.26 31.12.25 Property, plant and equipment 14,227.5 13,506.2 Inventory 15,920.9 14,881.4 Receivables 17,352.4 15,173.8 Cash and bank balances 9,824.6 9,435.5 Financial investments measured at fair value 161.5 – Treasury bills 698.1 525.3 Investments in asso
Slide 65: 1H 2026 – Cash Flow
1H 2026 – CASH FLOW (EGP million) 1H 2026 1H 2025 Cash from operations 2,824 4,640 Interest paid (877) (802) Taxes paid (1,114) (1,447) Operating Cash Flow 833 2,390 Payments for PP&E (1,043) (1,230) Other items 178 368 Investing Cash Flow (865) (862) Change in Borrowings 421 (989) Others – – Financ
Slide 66: Historical – Income Statement
HISTORICAL – INCOME STATEMENT (EGP million) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Revenue 4,986.7 7,053.5 10,269.3 15,326.2 21,794.8 24,945.1 Cost of sales (3,572.2) (4,659.2) (6,504.6) (9,841.6) (13,083.7) (15,202.3) Gross profit 1,414.5 2,394.3 3,764.7 5,484.6 8,711.1 9,742.8 Gross profi
Slide 67: Historical – Balance Sheet
HISTORICAL – BALANCE SHEET (EGP million) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Property, plant and equipment 4,709.6 5,133.8 6,271.1 8,471.1 10,980.7 13,506.2 Inventory 7,721.9 8,368.4 9,221.7 12,807.0 13,932.5 14,881.4 Receivables 2,836.7 4,028.0 6,233.5 8,892.9 12,785.4 15,173.8 Cash and
Slide 68: Historical – Cash Flow
HISTORICAL – CASH FLOW (EGP million) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Cash from operations 1,179 1,647 1,921 2,828 7,113 8,491 Interest paid (302) (232) (298) (825) (995) (1,775) Taxes paid (129) (152) (577) (719) (1,556) (1,696) Operating Cash Flow 748 1,263 1,046 1,284 4,562 5,020 P
Slide 69: Historical – Real Estate Sales and Hospitality KPIs
HISTORICAL – REAL ESTATE SALES AND HOSPITALITY KPIS REAL ESTATE Net value of contracted units Average selling price Number of contracted units (EGP mn) (EGP/m2) FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY Destination 20 21 22 23 24 25 20 21 22 23 24 25 20 21 22 23 24 25 El Gouna 2,410 4,04
Slide 70: ODE Land Bank
ODE LAND BANK Total Land Under Under Number of Number of Destination Name Completed Undeveloped Bank construction development Hotels Rooms El Gouna 36.92 15.60 3.00 3.10 15.22 17 2,528 O West 4.23 1.06 0.83 0.90 1.44 – – Taba Heights 4.27 2.56 0.00 0.02 1.69 6 2,349 Byoum 1.08 0.34 0.02 0.06 0.66 1
Slide 71: Analyst Coverage & Shareholding Structure
ANALYST COVERAGE & SHAREHOLDING STRUCTURE Item Type Name Orascom Development Egypt (ODE) Shareholding Structure as of June 2026 Free Float 25.0% ISIN Code ORHD:CA Total outstanding shares 1,130,473,523 25% Company Analyst Name Arqaam Capital Mohamed Haidar ODH Arab African Securities Mahmoud Gad Fre
Slide 72: Agenda
ODE AT A GLANCE INVESTMENT IN ODE FINANCIAL PERFORMANCE AGENDA ODE STRATEGY SUSTAINABILITY JOURNEY IR CONTACT AND BOARD OF DIRECTORS APPENDIX 1: BUSINESS MODEL AND ESG APPENDIX 2: DEEPDIVE BY ODE DESTINATIONS APPENDIX 3: FINANCIAL STATEMENTS APPENDIX 4: MARKET INSIGHTS 72
Slide 73: Market Insights — Tourism Sector in Egypt & Hospitality
MARKET INSIGHTS — TOURISM SECTOR IN EGYPT & HOSPITALITY UN Tourism ranked Egypt 10th globally among top-performing destinations in Q1 2025, with the number of tourist arrivals rising 21% YoY. Tourism Sector Is The Fastest Growing Sector In Egypt 13.2% • While GDP growth rate was 3.9% in H1 2024/25,
Slide 74: Market Insights — Real Estate Sector in Egypt
MARKET INSIGHTS — REAL ESTATE SECTOR IN EGYPT UN Tourism ranked Egypt 10th globally among top-performing destinations in Q1 2025, with the number of tourist arrivals rising 21% YoY. Real Estate Sector Contribution Is Still Growing 2.9% • RE sector in H1 2024/25, marking growth of 2.9% YoY, represent
Slide 75: Egypt Market Strong Demographics & Economic Fundamentals
EGYPT MARKET STRONG DEMOGRAPHICS & ECONOMIC FUNDAMENTALS Facts about the Egyptian Market REMITTANCES POPULATION RECEIVED $31.5B 116.5M (current US$) $29.6B $29.6B 114.5M $28.3B 112.6M $26.8B 111.0M $24.7B $25.5B 109.3M 107.6M $19.6B 105.7M $18.3B $18.6B $19.5B 103.7M 101.6M 99.6M 97.5M 2014 2015 201
Slide 76: Thank You
> ORASCOM DEVELOPMENT THANK YOU