Orascom Development Egypt (s.a.e) · EGX:ORHD
Orascom Development Egypt (s.a.e) — Orascom Development Egypt — 9M 2017 Earnings Presentation
17 slides from Orascom Development Egypt (s.a.e)'s earnings presentation, November 2017
Slide 1: 9M 2017 Results
ORASC*xM DEVELOPMENT 9M 2017 Results
Slide 2: Agenda
Agenda 9M 2017 Key Highlights Page 3 9M 2017 Destination Progress and Outlook Page 5 Financial Review Page 12 2
Slide 3: Key Highlights 9M 2017
Key Highlights 9M 2017 ODE records solid earnings performance with continued strong growth across all its business segments. Revenues increased by 79.5% to EGP 1,722.4 million vs. EGP 959.7 million in 9M 2016. Adjusted EBITDA increased by 140.8% to EGP 661.7 million and Net Profits for ODE’s shareho
Slide 4: Agenda
Agenda 9M 2017 Company Highlights Page 3 9M 2017 Destination Progress and Outlook Page 5 Financial Review Page 12 4
Slide 5: Business Segments 9M 2017
Business Segments 9M 2017 Revenue EBITDA Adj. EBITDA1 (EGP mn) 9M 2017 9M 2016 Δ in % 9M 2017 9M 2016 9M 2017 9M 2016 Hotels 734.1 330.7 122.0% 413.0 (9.1) 310.6 28.8 Real Estate 426.4 293.7 45.2% 300.7 230.7 291.5 160.4 Land - - - - 62.7 - 27.9 Town Management2 312.4 184.0 69.8% 37.9 17.3 38.6 15.5
Slide 6: Business Segments 3Q 2017
Business Segments 3Q 2017 Revenue EBITDA Adj. EBITDA1 (EGP mn) 3Q 2017 3Q 2016 Δ in % 3Q 2017 3Q 2016 3Q 2017 3Q 2016 Hotels 285.3 147.7 93.2% 138.1 36.1 135.0 37.7 Real Estate 125.9 71.7 75.6% 94.1 40.2 92.4 50.9 Land - - - - (8.4) - (9.4) Town Management2 126.3 67.4 87.4% 3.0 1.0 3.7 1.5 Tamweel G
Slide 7: Real Estate KPIs 9M 2017, 3Q 2017 & Deferred Revenue
Real Estate KPIs 9M 2017, 3Q 2017 & Deferred Revenue Net value of Contracted Number of Contracted Average Selling Price Units (EGPmn) Units (EGP/m2) Destination 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 El Gouna 958.9 474.4 173 122 34,546 24,968 Fayoum 17.5 2.6 16 3 11,039 7,844 Makadi 1.4 2.2* 3 - 4,802
Slide 8: Hotel KPIs 9M 2017 & 3Q 2017
Hotel KPIs 9M 2017 & 3Q 2017 Occupancy for Total number of Number of TRevPAR* GOP PAR** available rooms hotel rooms available rooms (EGP) (EGP) (%) Destination 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 El Gouna1 2,521 2,506 2,521 2,506 77 56 915 403 427 85 Taba Heights2 2,365 2,365
Slide 9: El Gouna, Egypt
El Gouna, Egypt 9M 2017 Highlights and Outlook: ▪ Net sales increased by 102.1% to EGP 958.9mn vs. EGP 474.4mn in 9M 2016. ▪ Hotels GOP surged by 431.5% to EGP 285.4mn compared to EGP 53.7mn in 9M 2016. ▪ Successfully hosted the first edition of El Gouna Film Festival and for which we have built fou
Slide 10: Taba Heights, Egypt
Taba Heights, Egypt 9M 2017 Highlights and Outlook: ▪ Taba Heights remains the most challenging destination for the group due to the extended travel bans on Sinai. ▪ Occupancy for the operating hotels reached 31% vs. 33% in 9M 2016. ▪ Successfully curbed the GOP losses from EGP 11.4mn in 9M 2016 to
Slide 11: Agenda
Agenda 9M 2017 Highlights Page 3 9M 2017 Destination Progress and Outlook Page 5 Financial Review Page 12 11
Slide 12: Income Statement
Income Statement (EGP mn) 3Q 2017 3Q 2016 9M 2017 9M 2016 Notes Revenue 628.7 341.6 1 1,722.4 959.7 1 Revenues and gross profit margin increased Cost of sales (410.4) (246.2) (1,077.9) (694.6) due to the enhanced operational performance across all business segments. Gross profit 218.3 95.4 1 644.5 2
Slide 13: Balance Sheet
Balance Sheet (EGP mn) 30.09.17 31.12.16 Notes Property, plant and equipment 1 3,623.0 3,814.3 1 PPE decreased mainly due to the reclassification Inventories 692.7 586.0 of the 3 rented hotels in Makadi to investment property. Receivables 1,413.7 1,428.4 2 Other assets increased mainly due to the in
Slide 14: Cash Flow Statement
Cash Flow Statement (EGP mn) 9M 2017 9M 2016 Notes Cash from operations 1 334 253 1 Cash flow from operations increased Interest paid (25) (10) due to enhanced performances of business segments. Taxes paid (51) (29) 2 Payments for PP&E includes payments Operating Cash Flow 1 258 214 related to Tamwe
Slide 15: Financing Profile
Financing Profile 1 Interest expense by currency Total debt by currency in %, as of 30.09.17 in %, as of 30.09.17 4% 6% 18% 39% 57% 76% EGP USD EUR EGP USD EUR 30.09.17 31.12.16 Equity ratio (%)2 18.6% 17.3% Weighted average cost of debt (%) 9.22 7.75% 1 All debt figures exclude debt relating to Tam
Slide 16: IR Dashboard
IR Dashboard Investor Relations Contact: Sara El Gawahergy Head of Investor Relations Tel Dir +20 (0) 22 461 89 61 Mobile CH: +41 41 874 1711 sara.elgawahergy@orascomdhcom ir@orascomdh.com www.orascomhd.com 16
Slide 17: Disclaimer
Disclaimer The information contained in this e-mail, its attachment and in any link to our website indicated herein is not for use within any country or jurisdiction or by any persons where such use would constitute a violation of law. If this applies to you, you are not authorized to access or use
Orascom Development Egypt — 9M 2017 Earnings Presentation on 6ix