Qala For Financial Investments · EGX:CCAP
Qala For Financial Investments — Qalaa Holdings — 2Q 2021 Earnings Presentation
37 slides from Qala For Financial Investments's earnings presentation, October 2021
Slide 1: Qalaa Holdings Investor Presentation
Qalaa Holdings Investor Presentation AFRICAN LEADER IN INFRASTRUCTURE & INDUSTRY October 2021 Strictly Private and Confidential All Figures as of 1Q21 Unless Otherwise Stated
Slide 2: Contents
Contents I Overview 3-8 Industries & Companies 9-28 II III Highlights 29-36 2
Slide 3: Overview
Overview AFRICAN LEADER IN INFRASTRUCTURE & INDUSTRY
Slide 4: Qalaa Holdings at a Glance
Qalaa Holdings at a Glance Consolidated Income Statement Highlights 2Q21 Revenues of EGP 10,178.3 mn vs. EGP 7,402.5 mn in 2Q20 Leading investment company in energy and infrastructure, established in 2004 2Q21 EBITDA* of EGP 750.0 mn vs. EGP 366.6 mn in 2Q20 2Q21 Net Loss after Minority Interest of
Slide 5: Qalaa Holdings Ownership Structure and Share Information
Qalaa Holdings Ownership Structure and Share Information Shareholder Structure (as at 30 June 2021) EIIC, 5.5% Olayan, 9.1% CCAP.CA on the EGX Dubai Holding, 3.8% CIB, 2.9% Number of Shares 1,820,000,000 Of which preferred shares** 401,738,649 HNW Local Individuals, 15.0% CCP, 23.5%* Of which common
Slide 6: African Leader in Infrastructure and Industry
African Leader in Infrastructure and Industry Qalaa Holdings’ operations span a diverse geographic footprint, where it is helping build businesses in the core industries that will define the region’s future. Leadership in Core Industries Across MEA Deep Regional Experienced and Knowledge, Strong Ded
Slide 7: Divestments Update
Divestments Update Qalaa divested over 20 companies over the past 7 years that allowed the company to deleverage and devote maximum focus to high-growth businesses in sectors that are vital to the development of our region. Divestments Concluded Sale of ESACO (Cement Construction) (1Q19) Sale of
Slide 8: Core Industries at a Glance
Core Industries at a Glance Packaging & Transportation Energy Cement Mining Agrifoods Printing & Logistics 81% 7% 6% 2% 3% 1% of Consolidated Revenues in 2Q21 of Consolidated Revenues in 2Q21 of Consolidated Revenues in 2Q21 of Consolidated Revenues in 2Q21 of Consolidated Revenues in 2Q21 of Consol
Slide 9: Industries & Companies
Industries AFRICAN LEADER IN & Companies INFRASTRUCTURE & INDUSTRY
Slide 10: Overview of Subsidiaries
Overview of Subsidiaries Industry Slide Number Energy 11 Cement 16 Packaging & 18 Printing Agrifoods Mining 21 20 Transportation & Agrifoods 23 Logistics Transportation & 25 Logistics 10
Slide 11: Energy
Energy
Slide 12: Energy Overview
Energy Overview The Energy Industry is Supported by Strong Macro Energy at Qalaa Holdings Fundamentals • To keep pace with projected economic growth and provide The region’s energy-intensive much-needed energy capacity in the region, Qalaa Holdings has Region-wide, trends are towards industries are
Slide 13: ERC
ERC Company Overview Reached Starting Total debt of 25-year Among the Designed to The project will financial close January USD 2.9 bn supply & off- largest-ever produce 4.7 reduce Egypt’s The Egyptian in June 2012 2020, ERC and total take non-recourse MTPA of present-day Refining Company is has been
Slide 14: Egyptian Refining Company
Egyptian Refining Company ERC Inauguration – 27 September 2020: ERC’s official inauguration by President Abdel Fattah El Sisi on the 27th of September 2020, is further testament to the project’s strategic importance for Egypt’s economy and energy security as it provides a local alternative to import
Slide 15: TAQA Arabia
TAQA Arabia Company Overview TAQA Arabia Financials 4 1.9 TAQA Arabia Consolidated BCM Revenues | EGP mn Concessions TAQA Arabia is Egypt’s largest private Distributed covering 7 governorates in 2Q21 sector energy distribution company. The TAQA company’s three arms cover: gas EPC* & 55.9% Gas owned
Slide 16: Cement
Cement
Slide 17: Cement
Cement ASEC Cement* Construction Technical Management Zahana Cement Al Takamol Cement ARESCO ASEC Automation ASEC Engineering ASENPRO (Algeria) 55% 35% 100% 100% 100% 100% ASEC Cement currently has two international ARESCO is a turnkey contractor specializing in ASEC Engineering provides cement plan
Slide 18: Packaging & Printing
Packaging & Printing
Slide 19: Packaging and Printing
Packaging and Printing Building Capacity in Packaging and Printing Through its subsidiary National Printing Company, Qalaa Holdings has invested in the printing and packaging sector with investments of over USD 60 million to date. Company Overview National Printing Company has four subsidiaries: Sho
Slide 20: Mining
=o Mining
Slide 21: ASCOM
ASCOM Company Overview Mining Sector Footprint From quarrying for the cement industry to the manufacture of world-class technical calcium carbonate and environmentally 54.1% friendly building materials, Qalaa Holdings’ approach in the owned by QH mining sector focuses on investing in the entire valu
Slide 22: ASCOM (cont'd)
ASCOM (cont’d) ASCOM Financials ASCOM Revenues | EGP mn ACCM revenues of USD 8.5 mn 231.8 in 2Q21, a 158.5 152% y-o-y increase 2Q20 2Q21 ASCOM EBITDA* | EGP mn GlassRock revenues of USD 1.7 mn 3.5 mn tons sold by 179.8k tons sold by Egypt’s Quarrying ACCM in 2Q21, up Business in 2Q21, 14.2 in 2Q21,
Slide 23: Agrifoods
n me) Oo a Agr
Slide 24: Gozour
Gozour Increasing Our Milk Volumes Company Overview Qalaa Holdings’ investments in agrifoods aim to overcome challenges facing the agricultural and food production sector 54.9% in Egypt and the region. Through its subsidiary, Gozour, the owned* by QH Group operates Dina Farms and ICDP (Dina Farms’ f
Slide 25: Transportation & Logistics
Transportation & Logistics
Slide 26: Nile Logistics
Nile Logistics Transporting Goods Efficiently and Economically Company Overview Footprint Alexandria Port Said Arish Damietta Dekheila East Port Said 67.6% owned* by QH Suez Petroleum Dock Nuweiba Adabiya Nile Logistics is a leading logistics service Sokhna provider in Egypt, and South Sudan, using
Slide 27: Nile Logistics (cont'd)
Nile Logistics (cont’d) Stevedoring The company also runs stevedoring (loading/offloading) activities in seaports The company offers services in three locations: Stevedoring services The company handles around Dekheila, Alex around 1.2 mn tons of Port and Adabiya Suez coal/pet coke per year Port Sto
Slide 28: Nile Logistics (cont'd)
Nile Logistics (cont’d) Grain Storage Warehouse (GSW) – Nubareya, Alexandria Port The grain storage warehouse handled 101k tons in 1H21 of which 87.2k tons were handled in 2Q21. The performance in the first half of the year was impacted due to maintenance works at the main and small locks in the Nub
Slide 29: Highlights
Highlights AFRICAN LEADER IN INFRASTRUCTURE & INDUSTRY
Slide 30: Debt Progression
Debt Progression Debt Progression Chart (EGP bn) As at 30 June 2021 November 2016: EGP 42.94 45.00 ERC’s debt stands at c.EGP 42.94 floatation 40.00 billion (equivalent of c.USD 2.7 billion), contributing c.70% of the total debt 35.00 30.00 25.00 20.00 15.06 15.00 QH’s SPVs debt related to financing
Slide 31: Financial Highlights – 2Q21 Consolidated Income Statement
Financial Highlights – 2Q21 Consolidated Income Statement 31
Slide 32: Financial Highlights – Consolidated Income Statement for the three months ending 30 June 2021
Financial Highlights – Consolidated Income Statement for the three months ending 30 June 2021 32
Slide 33: Financial Highlights – Consolidated Balance Sheet as at June 2021
Financial Highlights – Consolidated Balance Sheet as at 30 June 2021 33
Slide 34: Effective Ownership & Paid-in Capital Highlights
Effective Ownership & Paid-in Capital Highlights Paid-in Capital Qalaa Holdings Ownership Stakes (EGP bn) 55.9% TAQA 2005 0.002 2006 0.9 68.1% Tawazon 2007 1.7 13.1% ERC 2008 2.8 69.3% 2009 3.3 ASEC Holding 2010 3.3 54.9% 2011 4.4 Gozour 67.6% 2012 4.4 Nile Logistics 2013 4.4 54% 2014* 8.0 ASCOM 201
Slide 35: Board of Directors
Board of Directors Executive Board Members Non-Executive Board Members (Representing CCP) Ahmed Heikal Magdy El Desouky Hisham El-Khazindar Philip Blair Dundas (Independent) Karim Sadek Mona Makram Ebdeid (Representing CCP) Moataz Farouk Dina Sherif (Independent) 35
Slide 36: Important Notice
Important Notice Important Notice/Disclaimer This investor presentation (the “Presentation”) is being furnished on a confidential basis to a limited number of sophisticated investors and shareholders for informational and discussion purposes only and does not constitute an offer to sell or a solicit
Slide 37: Thank You
Thank You Amr El-Kadi Nora Ghannam Head of Investor Relations Investor Relations Manager Tel: +20 (0) 2 2791-4440 Tel: +20 (0) 2 2791 4440 Dir: +20 (0) 2 2791-4462 Dir: +20 (0) 2 2791-4458 Fax: +20 (0) 2 2791-4448 Fax: +20 (0) 2 2791-4448 E-mail: akadi@qalaaholdings.com E-mail: nghannam@qalaaholding