Qalaa Holdings

Investor Presentation

AFRICAN LEADER IN

INFRASTRUCTURE & INDUSTRY

October 2022

Strictly Private and Confidential

All Figures as of 2Q22 Unless Otherwise Stated

Contents

I

II

III

Overview

3-8

Industries & Companies

9-28

Highlights

29-36

2

Overview

AFRICAN LEADER IN INFRASTRUCTURE & INDUSTRY

Qalaa Holdings at a Glance

Leading investment company in energy and

infrastructure, established in 2004

Building businesses in the core industries that will define our region's future, including refining, energy distribution and transportation and logistics

Currently operating in 5 Middle Eastern and African

countries

+17k employees across the organization

Consolidated Income Statement Highlights

2Q22 Revenues of EGP 26,981.2 mn vs. EGP 10,172.4 mn in 2Q21

2Q22 EBITDA* of EGP 9,024.5 mn vs. EGP 750.0 mn in 2Q21

2Q22 Net Income after Minority Interest of EGP 361.6 mn vs. a net loss

of EGP 401.5 mn in 2Q21

Consolidated Income Statement Highlights (excluding ERC**)

2Q22 Revenues of EGP 5,508.2 mn vs. EGP 4,158.1 mn in 2Q21

2Q22 EBITDA* of EGP 931.7 mn vs. EGP 454.2 mn in 2Q21

2Q22 Net Loss after Minority Interest of EGP 516.6 mn vs. a net loss of

EGP 258.3 mn in 2Q21

Highlights from Consolidated Balance Sheet as at 30 June 2022

Total consolidated assets of c. EGP 106.1 bn (at current book value)

Total bank debt stood at EGP 70.7 bn, of which EGP 48.1 bn was related

to ERC

  • Recurring EBITDA excludes one-off selling, general and administrative expenses
  • ERC is the Egyptian Refining Company, a greenfield second-stage refinery under Qalaa's energy platform (please refer to slide number 13 for more details)

4

Qalaa Holdings Ownership Structure and Share Information

Shareholder Structure (as at 30 June 2022)

EIIC, 5.5%

CCAP.CA on the EGX

Olayan, 9.1%

Dubai Holding, 3.8%

CIB, 2.9%

Number of Shares

1,820,000,000

Of which preferred shares**

401,738,649

CCP, 23.5%*

Of which common shares

1,418,261,351

Paid-in Capital

EGP 9,100,000,000

Share Price as of June 30,

EGP 1.15

2022

Others, 55.2%

Market Cap

EGP 2,093,000,000

  • CCP is owned by the senior management of Qalaa Holdings.
  • Preferred shares are fully owned by CCP and only enjoy a higher voting weight where each share has the voting power of three ordinary shares.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Qalaa Holdings SAE published this content on 10 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2022 11:41:05 UTC.