powerpoint presentation - orascom development holding · a private , self-sufficient town built on...

1

April 2017

Agenda

ODH : Leading Developer of Fully Integrated Towns

Projects Overview

Appendix

Operational, Financial Summary and Outlook

Orascom Development Holding AG Today

One of The Largest LandBanks100.3 million sqm, out of which 68.0million sqm is still undeveloped

3 to 5Star HotelsTo suit differentstandards

Continuous Progress on Strategy ExecutionAchieved all communicated targets of 2016

39AwardsDuring 2016 for ourhotels

The Only Leading Developer of FullyIntegrated TownsIncluding Real Estate, Hotels. activities, marinasLeisure, golf courses, hospitals , schools & allsupporting infrastructure

Dual listing on SIX and EGXwith 40,409,926 outstanding shares

Approx. 8,549 Employees As of December 31st, 2016

Spearheaded by a seasoned Executive Management Teamwith unparalleled expertise in the travel, tourism and real estate sector level

MORE THAN

Over 25YEARS

DEVELOPMENT EXPERIENCE

One of The Largest HotelsPortfolio35 hotels with 8,016 rooms

Loyal ShareholderBaseBeen with the company for over 7 years

59%Of our hotels in Egypt are certified withGreen Star

10 Operating DestinationsEl Gouna, Taba Heights, Makadi,Fayoum & Harram City (Egypt), JebelSifah & Salah Beach (Oman), The Cove(UAE), Lustica (Montenegro), andAndermatt (Switzerland)Other destinations in different stages ofdevelopment

Real Estate Sales overCHF 2.2 bnSince 1997

3

ODH is a Pioneer Developer of Self-Sufficient Resort Towns

Company Overview

Organizational Structure

Shareholding Structure 1

Key Financial Indicators (CHF mn)

RevenueAdj.

EBITDA

Key Projects

Egypt Oman UAE Montenegro

Total Land Bank

Other Projects

Number of Hotels

Number of Rooms

49.1 mn sqm

29 Hotels

6,719 Rooms

20.8 mn sqm

4 Hotels

851Rooms3

0.3 mnsqm

1 Hotel

346Rooms

6.9 mnsqm

-

-

23.2 mn sqm

1 Hotel

100Rooms

Total

100.3 mnsqm

35 Hotels2

8,016 Rooms

Orascom Development Holding (“ODH” or the “Company”) is an integrated developer of

resort towns, involving the development of residential units, hotels, and recreational facilities

such as golf courses, town centers, and marinas, in addition to supporting infrastructure, such

as hospitals, schools, and utilities.

Boasting a land bank of 100.3 mn sqm and a comprehensive hospitality portfolio of 8,016

rooms, the Company’s diversified portfolio of destinations is spread over 7 jurisdictions

including Egypt, Oman, Morocco, Montenegro, Switzerland, UK, and UAE.

ODH is listed on the SIX Swiss Exchange (market cap CHF 155.7 mn1), in addition to an EDR

program on the Egyptian Stock Exchange (market cap CHF 50.8 mn1)

1. As of December 31st, 2016.

2. Includes Chedi Hotel in Andermatt with 100 rooms.

3. Includes the 84 new rooms that were opened in Al-Fanar Hotel in Dec. 2016.

254272

221251

306

237

2011 2012 2013 2014 2015 2016

43

10-4

25

81

20

2011 2012 2013 2014 2015 2016

67.78%5.07%

27.14%Samih Sawiris & Trustees

OS Holding

Free Float

4

Unique, Vertically Integrated, Business Model…

AcquisitionPhase

Development Phase Operational Phase

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New destination

identification acquisition &

initial concept

Land Bank Value Creation

Real Estate

Hotel Development

Destination Development

Project Management

Planning & Design

RE Owner Services

Hotel Operations

Destination Operations

Operations Management

Property & Facility Management

Construction

5

Developed a 3 pillar strategy

Throughout the first half of 2016, important positions within the organization have been changed and filled on the executive and topmanagement level.

After a strategic review, it was decided that the Company’s medium to long term strategy will be streamlined through the below 3 pillars.

Repositioning & enhancement of ODH’s brand

• Delisting of ODH’s EDRs from the EGX.

• Explore the first & second home markets

in Cairo/North Coast in Egypt.

• Position ODH Brand with the “Life as it

should be” statement across all

destinations

• Maintain an open and active market

presence with the investor, analyst &

shareholder community.

Establishment of enhanced business practices

1. Destination based structure:

• Each destination to become a separately managedentity headed by its own CEO or General Manager.

2. Continuous land value creation:

• Developing a targeted short-term development planin each destination that complements the Group’s 3-5years’ business view.

• Identified specific land plots for sale or sub-development of projects that add value for to thedestination.

• Providing the market with an updated fair value ofthe remaining undeveloped land bank through anexternal valuator.

Strengthening ODH balance sheet

• Take out the necessary impairments on theinvestments that will not generate value.

• Further reduce the company’s debt balance.

• Monetize non-core assets and minority stakes

in certain destinations.

• Working on the revaluation of some of the

mature assets that are booked at cost and thus

are not representative of their market values

such as:

• .CHF Cost Fair Value

Sheraton 5,040,681 46,283,015

Club Pardisio 2,771,922 38,650,895

Movenpick 5,805,577 45,409,750

Total 13,618,180 130,343,660

6

Business Segments - Overview

Andermatt (Switzerland)

OHC (Budget Housing)

Tamweel; Mortgage Company

Master Development (ODM Egypt)

820 retail outlets & 87

restaurants/bars

5 schools & universities

2 hospitals & 7 marinas,

4 golf courses

1,323 employees 3

Destination Management

Public services &infrastructure

maintaenance that includes:

Water Services

Sewage treatments

Electricty

1,859 employees

Hotels

35 Hotels , total of 8,016

rooms1

24 self managed, 11 under-

management

Orascom Hotels Management

(OHM) manages company’s

hotel inventory

4,811 employees

Real Estate & Construction

Land bank acquired at nominal

costs

Sale of middle-to-upper scale

apartments and villas to private

clients

In-house sales force as well as

international distribution

channels

Off-plan sales with customer

prepayments

Sales of over CHF 2.1 Bn 2

556 employees

Land Sales & Other Investments

1 As of December 31st, 2016, and Includes 100 rooms of the Chedi Hotel, Andermatt2 From 1997-9M 2016 (gross number)3 Including all company support funcitions in Egypt, Oman, Morocco and Montenegro as of Dec. 2016

Revenues FY 2016CHF 15.9 mn

Revenues FY 2016 CHF 35.9 mn• Land Sales: CHF 2.0 mn• Tamweel: CHF 22.5 mn• Others: CHF 11.4 mn



7

El Gouna - Egypt

8

Agenda

ODH: Leading Developer of Fully Integrated Towns

Projects Overview

Appendix


53 54

52 52 49

54

51

5947

48 5346

56%61%

54% 59%68%

57%

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

20

40

60

80

2011 2012 2013 2014 2015 2016

ARR TRevPar Occ. Rate

El Gouna - World Class Destination on the Egyptian Red Sea Coast

El GounaKey Facts

Visitors Breakdown by Nationality in FY 2016

Total land area : 36.92 million sqm , Developed: 14.82 million sqm, (40.1% developed)

Number of hotels and rooms: 17 hotels with 2,650 rooms ( five 5 *s , nine 4 *s and three 3*s)

A private , self-sufficient town built on 10 km of the Red Sea coastline and located north of Hurghada, 35 kmfrom the Hurghada International Airport

The town offers a range of facilities such as a hospital, two 18-hole championship golf courses, three marinas,four schools, a library, and two universities branches

Hotel KPIs, CHF

Real Estate KPIs

24.8 19.434.9

48.771.4

85.5

2.8

2.3

2.5 2.5

2.5 2.7

2.0

2.2

2.4

2.6

2.8

0

20

40

60

80

100

2011 2012 2013 2014 2015 2016

Value of Contracted Units, CHFmnAverage Price/sqm

No of Units, CHF 000’s

61 82 12147 183

37%

36%

10%

5%4% 5%

3% Germany

Egypt

Others

Belgium

UK

Netherland

Swizerland

215

Destination Update

Launched “Fanadir Bay” project in April with a total inventory ofUSD 60.0mn and sold 90% of the project.

Launched a limited project called “The West Villas” in July, for atotal value of USD 3.0mn, and successfully sold out in 48 hours.

Launched first phase of «Tawila» project with inventory of USD21.6mn and sold more than 78% of the project to date.

Opened Ancient Sands Hotel in El Gouna on April 19, 2016, with56 rooms and 120 hotel apartments.

10

Taba Heights – Sinai’s Premium Destination

Taba Heights

Key Facts

Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed)

Number of hotels and rooms: 6 hotels; 2,365 rooms (five 5* s and one 4 *s)

Taba Heights is situated between the mountain ranges of the Sinai Peninsula only 25 km away from TabaInternational Airport

The town offers a marina and a golf course alongside a wide range of facilities such as a medical center, childdaycare services, a school, and a vibrant up-town center

Hotel KPIs, CHF

50

53

4428

4330

52 48

37

18

18 22

51%44%

41%

29%

20%30%

0%

10%

20%

30%

40%

50%

60%

0

10

20

30

40

50

60

2011 2012 2013 2014 2015 2016


Visitors Breakdown by Nationality as of FY 2016

Destination Update

Taba remains the most challenging destination to date given theextended travel bans to Sinai.

Demand picked starting from Q2 16 which led to the re-openingof 276 rooms in Strand Beach & Golf Resort out of the hotels’503 rooms.

On January 1, 2017 we re-opened 100 rooms in El Wekala GolfResorts out of the hotels' 215 rooms. To date, we have a total of818 operating rooms in Taba Heights out of 2,365 rooms vs 442rooms by the end of FY 2015.

Curbed annual GOP losses from CHF 4.5 mn in FY 2015 to CHF1.7 mn in FY 2016. 11

45%

37%

11%

7%

Egypt

Jordan

Israel

Others

Makadi - The First Gated Community In The Heart Of Hurghada

Makadi Key Facts

Total land area : 3.39 million sqm, Developed: 0.42 million sqm , (12.4% developed)

No. of hotels and rooms: One 4* hotel with 283 rooms + three 4* & 5* Azur Hotels with a total of 1,344 rooms(Citadel Azur, a 5* Hotel (514 rooms), Royal Azur, a 5* Hotel (491 rooms) & Club Azur, a 4* Hotel (339 rooms)

Makadi is the first gated community in the Hurghada region, only 30 km away from Hurghada InternationalAirport. The town features residential units and hotels, along with spacious commercial area, a medical center,among other services

34 3040

33 3243

36 40 38 39 4128

55% 63%

51%

61% 64%

37%

0%

10%

20%

30%

40%

50%

60%

70%

0

10

20

30

40

50

2011 2012 2013 2014 2015 2016


Hotel KPIs, CHF

3.9

2.32.2

3.0

1.00.5

591 621 595 599 640

477

-

100

200

300

400

500

600

700

0

1

2

3

4

5

2011 2012 2013 2014 2015 2016

Value of Contracted Units, CHFmn

Average Price/sqmNo of units

96 54 52 57 20 16

Real Estate KPIs


Hotels’ occupancies were affected by the Russian plane crash inOct. 2015, where by 2 hotels were operating (Royal Azur with491 rooms & Citadel Azur with 514 rooms).

In July 2016, we managed to take the full ownership of CitadelAzur, one of our top performing five star hotels with 514 rooms.

Signed a 3-year lease agreement with FTI Group for 3 of ourhotels for a total of EUR 3.3 mn per annum. Those 3 hotels haverecorded a GOP loss for FY 16, as we had 2 of them closed postthe ongoing Russian ban.

Progressing with the construction of the club house with plansto be finalized by the end of 2017.

Destination Update

, CHF12

Byoum – The Heart of Fayoum, On Lake Qarun

ByoumKey Facts

Total land area : 1.08 million sqm, Developed: 0.32 million sqm , (29.6% developed)

Number of hotels and rooms: One 4* hotel with 50 rooms (20 hotel rooms and & 30 hotel apartments)

located 100 km southwest of Cairo in an ideal location overlooking the spiritual lake of Qarun. Plans are setto develop two luxury residential communities

Opened Byoum Lakeside Hotel in September 2016 with 50 roomsrecording an occupancy of 43% during FY 2016.

Planning to launch new phases with a total inventory of EGP 60.5mn (USD 3.4 mn) during Q2 2017.

Reviving the destination by launching new marketing campaigns(billboards and booths).

Reviving the Destination

1. Byoum Main Gate 5. Beach Club

2. 4 Star Hotel 6. Commercial Area

3. Hunting Lodge

4. Pier

Master Plan

13

106 111 116 119 144 141

52 7682 81 100 113

25%

33%

27%31%

33%38%

0%

5%

10%

15%

20 %

25%

30%

35%

40 %

0

50

100

150

200

2011 2012 2013 2014 2015 2016


Jebel Sifah- A Tranquil Haven

Jebel Sifah

Key Facts


Total land area: 6.2 million sqm , Developed: 0.25 million sqm, (4.0% developed)

Jebel Sifah is a charming resort town located 30 km from the Omani Capital’s city center

1 Operating Hotel Sifawy Boutique Hotel, with a capacity of 67 rooms

The town will encompass 950 residential units, including already completed apt blocks, Inland marina, a 9-hole championship golf courses designed by Peter Harradine, commercial centers

Hotel KPIs, CHF

Real Estate KPIs

7.4 10.5 5.7 3.6 4.3

16.5

2.5 2.5

2.4

2.9

2.4 1.9

0. 0

0. 5

1.0

1.5

2.0

2.5

3.0

0

5

10

15

20

2011 2012 2013 2014 2015 2016Value of Contracted Units, CHFmn

Average Price/sqmNo of Units

, CHF 000’s

12 5 51515 80

On track with the development of the Golf course, planned tobe launched in September 2017.

Infrastructure completed in the main resort boulevard anddifferent villa zones including water plumping, electricallinkage and landscape.

Opened the diving center and the floating fuel station on themarina. In addition, new amenities including Gym and SMErestaurant serving international cuisine.

Partnered up with investors to develop two Eco Lodge Huts.

Launched a new real estate project “Golf Lake Residence” inNovember with a total inventory of CHF 19.3mn, comprisingof 118 apartments and managed to sell more than 80% of thetotal project till Feb. 2017.

Destination Update

14

82%

4%3%

3% 2%5% Oman

Germany

Switzerland

UK

France

Others

128 113 141110 114

7495 97

102114

39%47% 33%

54%69%

0%

10%

20 %

30%

40 %

50%

60 %

70%

80 %

0

100

200

2012 2013 2014 2015 2016


Hawana Salalah– A Self-sufficient Tropical Oasis on the Arabian Sea

HawanaSalalah

Key Facts

Total land area: 13.6 million sqm , Developed: 1.6 million sqm, (11.8% developed)

The destination is located only 25 km away from Salalah Airport and approximately 90 minutes flight frommost GCC countries

7 planned hotels (1,800 rooms), of which the Juweira Boutique, Al Fanar Hotel and Rotana are alreadyoperational, with 82 rooms, 302 rooms and 400 rooms, respectively

The town will encompass, residential units, 200 berth marina; the Marina Town where 45 shops arealready operating, commercial centers and a water park

Visitors Break Down by Nationality as of FY 2016Hotel KPIs, CHF

Real Estate KPIs

5.93.7 3.7

10.3

4.1 1.5

2.2 2.02.4

4.0 3.7

3.2

0. 0

0. 5

1.0

1.5

2.0

2.5

3.0

3.5

4. 0

4. 5

0

5

10

15

2011 2012 2013 2014 2015 2016

Value of Contracted Units, CHFmnAverage Price/sqm

No of Units, CHF 000’s

9 41 15820 3 Planning to start the construction of the new waterparkin Salalah towards during the first half of 2017 with plansto be finalized before the end of the year.

Partnered up with investors to develop new sub projectsthat will add critical mass to our destinations, includingEco Lodge Huts.

Opened Al Fanar extension (84 rooms) in the first weekof December 2016.

Destination Update

15

28%

20%17%

9%

8%

7%11%

UAE

Oman

KSA

Germany

Qatar

Kuwait

Others

The Cove –5-Star Beachfront Getaway for Leisure and Relaxation

The CoveKey Facts

Visitor's Breakdown by Nationality as of FY 2016

Total land area : 0.3 million sqm

The resort encompasses: A 346 room five star hotel managed by Rotana, an acclaimed operator in MENA andworldwide 188 villas, an employee residential compound comprised of 80 apartments; A commercial center;and a ~12,225 sqm vacant land plot, which is well positioned for various development options

Management intends on converting the employee housing compound into an apartment hotel, which will serveas an extension, adding 145 rooms to the hotel’s capacity to make the total count of rooms reach 491 rooms

Hotel KPIs, CHF

139161 160 161 165 165182

215 217 203 196 213

77% 81% 81% 75%70%

78%

60 %

70%

80 %

90 %

0

50

100

150

200

2011 2012 2013 2014 2015 2016


Destination Update

Finalizing the construction of 145 new rooms to be added

to the hotel’s inventory which is expected to be in May

2017.

The Cove Rotana maintained its positive momentum and

reported a revenue increase of 8.1% growing from CHF

25.1 mn in FY 15 to CHF 27.1 mn in FY 16 and occupancy

rate increased from 70% to 78% in FY 16.

16

47%

31%

2%

2%

3% 15%Germany

UAE

Austria

UK

Switzerland

Others

15.4 19.1 22.011.1

17.34.1 4.3

4.44.8

5.9

0.0

2.0

4.0

6.0

8.0

0

10

20

30

2012 2013 2014 2015 2016

Value of Contracted Units, CHFmn

Average Price/sqm,CHF000's

414843 24 37

Lustica Bay – Montenegro

Lustica Bay Key Facts

Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm, Developed: 0.14 million sqm, (2.0%developed)

The land is held on a leasehold agreement for 99 years starting 2009. Starting 2014 the company will pay an annualrent fee of EUR 1.0 mn per year for a period of 10 years

The project is planned to include 1,820 residential units, 7 hotels with a total capacity of 1,200 rooms and two world-class marinas with an operating capacity of 226 berths, 18-hole championship golf Course (Gary Player SignatureCourse)

Construction started in Sep 2013. In less than two years, Lustica is now an emerging new town with residentsmoving in their homes in the summer of 2015

Real Estate KPIs

No of Units

First two buildings clusters (10 buildings comprising 70

apartments) have been fully finished and delivered in

August, with residents moving in the summer of 2015.

We are progressing ahead of schedule with the

construction of the new F and G buildings comprising

88 apartments expected to be finalized during the first

half of 2017.

We finalized the marina superstructure, planning to

launch the marina in the summer of 2018.

Excavation works for the Golf Course is completed and

the construction permit has been obtained (the first

Golf Course permit in Montenegro).

Planning to start the construction during the first half

of 2017 the first hotel in Lustica Bay headed by luxury

hotel brand The Chedi.

Emerging New Town

17

Chbika

Located South of Agadir on the Atlantic Ocean, Chbika has a total land bank of 15.0 mn sqm split into two phases withland areas of 5.0 mn sqm and 10.0 mn sqm, respectively.

Chbika’s plan encompasses mix of villas apartments and mansions, in addition to 3 hotels with a total capacity of 1,000rooms.

Ongoing negotiations for raising the needed funds to develop the 3 hotels.

Overview

Other Projects

Overview

Eco-Bos

Located in the UK, Eco-Bos is one of four projects to receive the ‘Eco-town’ accreditation.

The project, comprising seven land parcels, includes the redevelopment of 700 hectares of former industrial land,developing 5,500 new homes and creating over 5,000 jobs.

Designed to deal with dispersed rural travel and deliver a highly sustainable transportation network.

Low Carbon Communities, Building energy and resource efficient homes with computer-based technologies toefficiently manage energy and water resources.

Andermatt

Overview

Andermatt Swiss Alps is a first-rate holiday destination with a land bank of 1.5 mn sqm offering broad activity andlifestyle pursuits.

The project is planned to include 490 apartments, 25 exclusive villas, and 6 hotels with a capacity of 844 rooms and a skiarena.

In Dec. 2013, ASA opened its first 100-rooms, 5-star deluxe hotel operated by The Chedi Andermatt.

Started the construction of the second hotel with 180-rooms, operated by Radison Blu.

Mr. Samih Sawiris has become the new majority shareholder of ASA with a 51% share by converting his loans to theGroup into ASA equity, ODH now is owns 49% and ASA is deconsolidated from the Group’s financials.

18

Salalah - Oman

19

Agenda


Projects Overview


Appendix

Business Segments FY 2016

Revenue EBITDA Adj. EBITDA1

(CHF mn) FY 2016 FY 2015 Δ in % FY 2016 FY 2015 FY 2016 FY 2015

Hotels 120.2 124.2 (3.2%) (11.9) 13.1 20.3 18.1

Real Estate & Construction 65.4 66.4 (1.5%) 50.2 20.4 20.8 16.2

Land 2.0 67.6 (97.0%) 25.4 68.5 2.4 68.6

Destination Management 15.9 15.6 1.9% (8.8) (5.0) (6.4) (3.9)

Other Operations 2 33.9 32.3 5.0% 11.3 7.9 8.4 8.3

Corporate & Unallocated Items - - - (220.9) (63.7) (25.9) (26.5)

ODH Group 237.4 306.1 (22.4%) (154.7) 41.2 19.6 80.8

1Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates)

2 Other Operations includes revenue from Tamweel Group with the amount of CHF 22.5 mn vs. CHF 19.5 mn in FY 2015.

21

Real Estate KPIs FY 2016

Value of contracted units (CHF mn)

Number of contracted units

Average selling price (CHF/m2)

Value of deferred Income (CHF mn)

Country Destination FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15

Egypt El Gouna 85.5 71.4* 215 183 2,721 2,541 53.6 79.3

Fayoum 0.4 0.2 4 3 821 539 0.6 3.2

Makadi 0.5 1.0 16 20 477 640 - 0.5

Gardania 0.8 2.7 1 4 1,276 1,329 - -

Oman Jebel Sifah 16.5 4.3 80 5 1,948 2,381 28.9 17.0

Salalah Beach 1.5 4.1 3 15 3,228 3,685 5.3 15.9

Montenegro Luštica Bay 17.3 11.1 37 24 5,883 4,812 44.9 27.0

ODH Group 122.5 94.8 356 254 2,692 2,543 133.3 142.9

Numbers net of cancellations1:

ODH Group 115.2 57.3 319 180

1 Cancellations of the accumulated sales from prior periods.*The numbers have been re-stated after taking out mansion-land sales amounted CHF 11.5 mn

22

Deferred Revenue Recognition Schedule

(CHF mn)

Country Destination Deferred Revenue Balance 2017 2018 2019

Egypt El Gouna 53.6 24.5 19.7 9.4

Fayoum 0.6 0.2 0.4 -

Makadi - - - -

Total Egypt 54.2 24.7 20.1 9.4

Oman Jebel Sifah 28.9 8.9 16.6 3.4

Salalah Beach 5.3 2.4 2.9 -

Total Oman 34.2 11.3 19.5 3.4

Montenegro Lustica Bay 44.9 28.4 13.2 3.2

ODH Group Total Group 133.3 64.4 52.9 16.0

23

Total number of hotel rooms

Number of available hotel

rooms

Occupancyfor total rooms

(%)

Occupancy for available rooms

(%)

TRevPAR*(CHF)

GOP PAR*(CHF)

Destination FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15

El Gouna1 2,650 2,627 2,650 2,627 57 68 57 68 46 53 15 13

Taba Heights2 2,365 2,365 718 1,756 7 10 30 20 22 18 (5) (11)

Makadi3 1,627 1,627 1,005 1,627 24 64 37 64 28 41 9 13

Fayoum4 50 - 50 - 43 - 43 - 34 - (22) -

FloatingHotels

27 27 27 27 7 13 7 13 54 88 (20) (12)

Total Oman4 851 767 851 767 66 51 66 51 113 101 32 18

UAE 346 346 346 346 78 70 78 70 213 196 85 69

ODH Group 7,916 7,759 5,647 7,150

Hotel KPIs FY 2016

1. In Q2 16 Ancient Sands Hotel was opened with 56 rooms. Also In Q4 16 Bellevue Hotel: 33 rooms have been converted to real estate units resulting in reducing the total number of rooms to 101.2. During the FY 2016, only 2 hotels were operating (Sofitel with 442 rooms) and Strand Beach Hotel with 276 rooms (out of 503 rooms) in Taba Heights. Whereby, during FY 2015 only 1 hotels was

operating representing 442 rooms by end of 2015.3. In FY 2016, only 2 hotels were operating (Royal Azur with 491 rooms & Citadel Azur with 514 rooms) in Makadi, then we leased out (Royal Azur, Club Azur & Makadi Gardens) starting November 2016.4. In September 1st, 2016; Byoum Lakeside Hotel was opened.5. In December 22nd, 2016 Al Fanar Hotel extension was opened with 84 rooms, thus brining total number of the hotel rooms to 302 rooms.

* Financial KPIs are calculated based on the number of available rooms during the reported period of FY 2016.* Includes all expenses of the hotels in the destinations. 24

Total number of hotel rooms

Number of available hotel

rooms

Occupancyfor total rooms

(%)

Occupancy for available rooms

(%)

TRevPAR*(CHF)

GOP PAR*(CHF)

Destination Q4 16 Q4 15 Q4 16 Q4 15 Q4 16 Q4 15 Q4 16 Q4 15 Q4 16 Q4 15 Q4 16 Q4 15

El Gouna1 2,650 2,627 2,650 2,627 64 72 64 72 53 57 32 13

Taba Heights2 2,365 2,365 718 442 7% 5% 22 25 19 13 5 (35)

Makadi3 1,627 1,627 1,005 1,005 24 50 34 50 24 33 24 8

Fayoum4 50 - 50 - 45 - 45 - 35 - (16) -

FloatingHotels

27 27 27 27 14 19 14 19 99 135 24 27

Total Oman4 851 767 851 767 83 70 82 70 130 119 44 22

UAE 346 346 346 346 80 78 80 78 244 235 118 100

ODH Group 7,916 7,759 5,647 5,214

Hotel KPIs Q4 2016

1. In Q2 16 Ancient Sands Hotel was opened with 56 rooms. Also In Q4 16 Bellevue Hotel: 33 rooms have been converted to real estate units resulting in reducing the total number of rooms to 101.2. During the Q4 2016, only 2 hotels were operating (Sofitel with 442 rooms) and Strand Beach Hotel with 276 rooms (out of 503 rooms) in Taba Heights. Whereby, during Q4 2015 only one hotel (Sofitel with 442 rooms)

was operating.3. In Q4 2016 and Q4 2015, only 2 hotels were operating (Royal Azur with 491 rooms & Citadel Azur with 514 rooms) in Makadi. We leased out (Royal Azur, Club Azur & Makadi Gardens) starting November 2016.4. In September 1st, 2016; Byoum Lakeside Hotel was opened (50 rooms).5. Al Fanar Hotel extension was opened in Dec. 22, 2016 with a total number of 84 rooms thus increasing the hotels total rooms to 302 rooms.

* Financial KPIs are calculated based on the number of available rooms during the reported period of Q4 2016.* Includes all expenses of the hotels in the destinations.

25

Income Statments

26

(CHF mn) FY 2016 FY 2015

Revenue 237.4 306.1

Cost of sales (226.1) (235.0)

Gross profit 11.3 71.1

Gross profit margin 4.8% 23.2%

Investment income 6.4 10.0

Other gains and losses (144.3) (7.0)

Administrative expenses (46.7) (39.4)

Finance costs (44.8) (33.6)

Share of associates losses (17.3) (19.4)

Loss before tax (235.4) (18.3)

Income tax expense (8.4) (4.2)

Loss for the period (243.8) (22.5)

Attributable to :

ODH shareholders (196.4) (19.0)

Non-controlling interests (47.4) (3.5)

Basic EPS (CHF) (4.9) (0.7)

Notes

Revenues decreased by 22.4% y/y due to:• The absence of new land sales post mgmt. strategic direction

and slowdown in the Egyptian hotels operation.• In FY 2015 revenues included CHF 65.2mn from land sales in El

Gouna.

Gross profit margin decreased due to the decrease in land segmentrevenues.

Other gains and losses increased mainly due to:• Foreign exchange losses of CHF 113.2mn as a result of the

devaluation of the EGP against foreign currencies.• Impairments in the amount of CHF 32.9mn.

Increase in finance costs was mainly driven:• The increase of interest rates in Egypt.• New loan proceeds from Oman and Montenegro.• Decrease in capitalization for the eligible assets.

Share of associates losses in FY 2016 includes:Losses from:• ASA (CHF 16.7mn)• OHC (CHF 1.9mn)Profits from:• JPTD CHF 0.3mn• Red Sea for Construction CHF 1.0mn

1

2

4

5

3

1

2

3

4

5

Balance Sheet

27

(CHF mn) 31.12.16 31.12.15

Property, plant and equipment 762.6 940.4

Inventories 125.0 191.3

Receivables 98.3 234.8

Cash and bank balances 80.8 167.6

Investments in associates 78.6 100.7

Other assets 72.8 173.8

Non-current assets held for sale 67.2 -

Total assets 1,285.3 1,808.6

Borrowings 369.6 507.0

Payables 36.3 47.0

Provisions 68.6 82.5

Other liabilities 165.0 215.5

Liabilities related to assets held for sale 54.1 -

Total liabilities 693.6 852.0

Non-controlling interests 140.5 232.1

Equity attributable to ODH shareholders 451.2 724.5

Total liabilities and equity 1,285.3 1,808.6

Notes

PP&E decreased mainly due to foreign currencytranslation losses resulting from the devaluation of theEGP against the CHF & USD.

Receivables decreased mainly due to reclassification ofTamweel as an asset held for sale.

The investment in associates includes:• ASA (CHF 56.5mn), 49% stake• JPTD (CHF 15.8mn), 18.3% stake• OHC (CHF 4.6mn), 35.3% stake• Red Sea for Construction (CHF 1.7mn), 47.2% stake

The total of assets & liabilities decreased as a result of thestrengthening of the CHF against the EGP.

Total borrowings decreased mainly due to:• FX gain of (CHF 118.5mn)• Net payments of (CHF 40.9mn)• Capitalized interest of CHF 24.5mn• Net proceeds of CHF 18.0mn• Reclassification of Tamweel group as an assets held

for sale carrying liabilities of (CHF 20.5mn)

1

2

33

2

1

2

4

4

5

5

4

2

Debt Structure

Total debt by base currency in mn 1Current maturity profile excluding TamweelCHF mn, as of 31.12.16

Comment

• Total debt excluding Tamweel in FY 2016 reached CHF 369.6mn.

• Total debt including Tamweel in FY 2016 reached CHF 421.7mn.

1 Debt excludes Tamweel which is classified as Assets Held for Sale.2 Proposed refinancing structure, including overdraft facilities and excluding Tamweel, with 3 years grace period and after paying off CHF 34.06mn & new debts.

3

20 23

41

5763

6975

25

10

20

40

60

80

100

CF 2017 2018 2019 2020 2021 2022 2023 2024 2025

1,027 1,007

892

744

207 214 196 188

63 63 63 6350 32 31 3215 20 28 32

0

200

400

600

800

1,000

1,200

2013 2014 2015 2016

EGP USD AED EUR OMR

Financing Profile 1

Collateralization profile Excluding Tamweelin %, as of 31.12.16

Interest expenses by currency in %, as of 31.12.16

1 All debt figures exclude debt relating to Tamweel2 Equity Ratio = Total Equity/Total Assets3 Excluding Tamweel

Total debt by currency after rescheduling in %, as of 31.12.16

31.12.16 31.12.15

Equity ratio (%) 2 46.0 52.9

Weighted average cost of debt (%) 3 7.40 7.52

29

43%

35%

4% 3%

2% 13% EGP

USD

EUR

AED

CHF

OMR

71%

23%

5%

1%

Egypt

Oman

UAE

Montenegro

12%

52%5%

7%

24%EGP

USD

EUR

AED

OMR

Outlook 2017

Real Estate

In El Gouna, Egypt, Planning to launch new phases of Tawila and Fanadir Bay with an inventory of USD 40.0mn. We are also

introducing new product types of serviced hotel apartments in Fanadir, Bellveue and Mosaique Hotels.

In Fayoum, Egypt, planning to launch new products with a total inventory of USD 3.4mn in Q2 17.

In Sifah, Oman we are on track with the development of the Golf course, planned to be launched in September 2017.

In Salalah, Oman, progressing with construction of the water park project to be finalized in December 2017.

In Lustica Bay, Montenegro, we are ahead of schedule with the construction of the 88 new apartment buildings and planning to

launch new products.

In Egypt, currently studying several land opportunities in New Cairo and the North Coast for first and second homes markets.

Hotels

In El Gouna, Egypt, undergoing renovation works across some of the hotels to further upgrade the destination’s positioning.

In Taba Heights, Egypt, we re-opened 100 rooms in El Wekala Golf Resort out of the 215 existing rooms. To date we have 818

rooms operating out of the 2,365 rooms vs only 442 rooms in 2015.

In Lustica Bay, Montenegro, planning the construction of the 5-star Chedi Hotel in Q2 17 expected to be finalized during summer

2018.

The Cove, UAE, finalizing the construction of the new 145 rooms extension to be opened in May 2017.

Continue to capitalize on the huge demand on our hotels in Salalah, and studying to add more hotels rooms in the destination.

30

Andermatt - Switzerland

31

Agenda


Projects Overview


Appendix

Lustica- Montenegro

33

Historical Financial KPIs

59 65 57 60 57 56 5771

020406080

2009 2010 2011 2012 2013 2014 2015 2016

Contracted sales (CHF mn)

TRevPAR 1

6276

56 57 51 50 56 53

0

50

100

2009 2010 2011 2012 2013 2014 2015 2016

6987

57 61 51 47 55 60

0

50

100

2009 2010 2011 2012 2013 2014 2015 2016

136173

115213

66 88 95 123

0

100

200

300

2009 2010 2011 2012 2013 2014 2015 2016

317 297

152 184 204265

254

356

0

200

400

2009 2010 2011 2012 2013 2014 2015 2016

3.2 4.45.3 6.9

2.5 2.62.5 2.7

0

5

10

2009 2010 2011 2012 2013 2014 2015 2016

Number of units sold

Average selling price (CHF’000’/m2)

Occupancy rate (%)

Average room rate (CHF)

1 Total Revenue per available room

* Revenues and KPIs of Citadel Azur, five –stars hotel with 514 rooms was added back to ODH’s hotel portfolio in FY14, post the settlement reached with Falcon Hotels

34

Income Statement, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 2016

Egypt 208 211 161 179 220 158

Oman 6 18 15 30 36 47

UAE 27 30 29 27 27 29

Montenegro - - - - 19 -

Others 15 14 17 14 4 3.0

Total Revenues 256 272 221 251 306 237

Cost of sales (208) (219) (187) (188) (209) (189)

Depreciation Expense (28) (30) (28) (25) (26) (37)

Gross Profit 20 23 6 37 71 11

% Margin 8% 9% 3% 15% 23% 5%

Administrative expenses (81) (66) (71) (45) (39) (47)

Investment income 12 6 5 4 10 6

Other gains and losses (13) (33) (39) 93 (7) (144)

Finance costs (8) (9) (31) (33) (34) (44)

Share of losses of associates (5) (1) (10) (9) (19) (17)

Profit / (Loss) before tax (76) (79) (140) 47 (18) (235)

% Margin (30%) (29%) (63%) 19% (6%) (99%)

Income tax expense (0) (11) (21) (11) (4) (8)

Profit / (Loss) from continuing operations (76) (90) (160) 36 (22) (243)

% Margin (30%) (33%) (72%) 14% (7%) (102%)

Profit / (Loss) from discontinuing operations - (11) (7) - - -

Total income statement (76) (101) (167) 36 (22) (243)

Non-controlling interests (7) (4) (10) (6) (3) (47)

Owners of the Parent Company (70) (97) (158) 42 (19) (196)

Total income statement (76) (101) (167) 36 (22) (243)

Finance costs 8 9 31 33 34 44

Income tax expense - 11 21 11 4 6

EBIT (68) (82) (116) 80 15 (193)

% Margin (27%) (30%) (52%) 32% 5% (81%)

Depreciation Expense 28 30 28 25 26 37

EBITDA (40) (52) (88) 105 41 (155)

% Margin (16%) (19%) (40%) 42% 13% (65%)

35

Balance Sheet, CHF Million

All figures are in CHF mn 2011 2012 2013 2014 2015 2016

Cash & Bank Balances 79 102 73 101 168 81

Net Receivables 137 95 52 96 71 56Due from Related Parties 45 18 17 37 35 20Inventories 478 499 357 306 191 125Other Current Assets 88 82 62 114 103 40Total Current Assets 828 795 562 654 568 322Property, Plant and Equipment 969 1,003 767 887 940 763

Investment Property 76 79 10 12 11 6Goodwill 8 7 7 7 6 3Investment in Associates 29 19 104 112 101 78Long-Term Receivables 102 94 33 84 165 41Other Non-Current Assets 70 85 42 25 18 5Assets Held for Sale - - 150 - - 67

Total Assets 2,083 2,083 1,673 1,781 1,809 1,285

Trade and Other Payables 58 50 30 37 30 25Borrowings2 282 324 198 274 282 232Due to Related Parties 6 17 16 3 2 1Current Tax Liabilities 6 5 3 6 5 2Provisions 90 79 96 83 82 69Shareholders’ Loan 23 9 39 71 19 22

Other Current Liabilities 181 251 157 157 146 116Total Current Liabilities 645 735 550 631 566 467Land Liabilities 32 32 26 23 17 12Borrowings 254 279 211 258 225 138Other Non-Current Liabilities 58 60 46 48 44 23Liabilities Held for Sale - - 79 - - 54

Total Liabilities 990 1,106 911 960 852 694

Minority Interest 241 236 219 200 232 140Shareholders' Equity 853 740 543 621 725 451Total Liabilities & Equity 2,083 2,083 1,673 1,781 1,809 1,285

36

New and Ongoing Real Estate Projects

37

Egypt, El Gouna Joubal Views , Extension to Joubal

Project Description Built on carefully crafted elevated land & designed to give residents a panoramic view of their surroundings. From different levels; residents can see the marina, the sea, and the mountains.

Key Facts Location El Gouna, Egypt

Launch Date September 2015

Footprint (sqm) 1,304

Final Delivery September 2018

Product 1

Type Twin Villas

No of units 8

Total BuA (sqm) 1,336

Inventory value, USD 3,600,000

Product 2

Type Villas

No of units 5



Launched

38

Joubal Lagoon Phase 2



Total Project Area (m2) 52,000

Footprint (m2) 3,073


Product 1Type Twin Villas

No of units 26



Product 2Type Villas

No of units 5



Project Description Directly overlooking the lagoon and golf course, adding more features to the Joubal project units.

Launched

Egypt, El Gouna

39

Sabina – Twin Villas

Project Description Inspired from Nubian like design with a new modern edge, using earth colors , designed to give residents the luxury ofspace and privacy of their own pools and gardens.



Product Type Twin Villas

Total Project Area (sqm) 33,454


Total BUA (sqm) 4,704

No of units 30



Launched

Egypt, El Gouna

40

Water Side Condos Launched

Project Description Apartment Blocks, targeting Egyptian young families, offering affordability , function-ability & exclusivity, overlooking a unique water feature.


Launch Date December 2015

Product type Apartments




No of units 145


Final Delivery December 2019

Egypt, El Gouna

41

Fanadir Bay


Launch Date April 2016

Product Type Villas and Twin Houses




No of units 85


Final Delivery 2020

Newly Launched

Project Description Fanadir Bay brings intelligently designed waterfront units to one of its most exclusive neighborhoods yet with its vast spacesand unique architecture, nothing stands against its originality.

Egypt, El Gouna

42

Tawila


Launch Date October 2016

Product Type Villas and Town Houses




No of units 60 (32 Town Houses and 28 Villas)


Newly Launched

Project Description Tawlia is comprised of five residential islands connected to one another by six El Gouna signature bridges. The glittering star ofTawila is its 18 acre seawater lake.

Egypt, El Gouna

43

Byoum - Fayoum

Key Facts Location Fayoum, Egypt

Launch Date Q1 2017

Total Project Area (m2) 3,935 m2

Footprint (m2) 1,910 m2

Final Delivery Q4 2025

Inventory Value, EGP 60,500,000 (USD 3,400,000)

Project Description Directly overlooking the spiritual lake of Qarun, plans are set to develop two luxury residential communities and a hotel.

To be launched in Q2 17

Egypt, Fayoum

44

OmanHawana Salalah

Ongoing RE Launched Projects

Key Facts

Type Al Fanar Apartments


No of units 78

Inventory value, OMR 2,784,563 (USD 7,232,624 )

Avg Price/m2 (OMR) 2,202 (USD 5,718)

Key Facts

Type Salalah Villa


No of units 54

Inventory value, OMR 10,928,000 (USD 28,384,387)

Avg Price/m2 (OMR) 1,051 (USD 2,730)

45

OmanJebal Sifah

Key Facts

Type Villa


No of units 51


Average Selling Price/m2 (OMR) 1,044 (USD 2,711)

Key Facts

Type Apartment


No of units 148


Average Selling Price/m2 (OMR) 1,278 (USD 3,319)

46

Key Facts

Launch Date July 2013

Type Villa

Project Area (sqm) 7,276


No of units 4

Inventory value, EUR9,200,000

(USD 10,120,000)

Final Delivery Q4, 2018

Key Facts

Launch Date July 2013

Type Apartment



No of units 44

Inventory value, EUR15,952,415 (USD 17,547,656)


Key Facts

Launch Date June 2014

Type Apartment



No of units 44

Inventory value, USD16,919,297 (USD 18,611,226)


MontenegroLustica Bay

Ongoing RE Launched Projects

47

Hotels Portfolio

El Gouna - Hotels Map

49

*****420 Rooms

A luxury guesthouse directly set on thenorthern shores of Mangroovy Beachand its kitesurfing stations. Abrainchild of an antiques collector, thehotel offers seclusion making it anideal hideaway for luxury seekers.

An upscale beachfront resort offeringa relaxing atmosphere combined witha lavish selection of on-groundfacilities from diving to kitesurfing,world renowned Angsana Spa outletand a nearby professional 18-hole golfcourse.

An award winning architectural mix ofArabian and Egyptian styles by theinternationally renowned Michael Graves.The beachfront resort is built on nineislands surrounded by gardens offeringmouthwatering cuisine, private beaches,outdoor heated pool, and water sports.

*****339 Rooms 268 Rooms

A stylish Nubian oasis exclusivelysituated on El Gouna’s Championship18-hole golf course. Complementedby stunning architecture,breathtaking landscapes, sparklinglagoons, the hotel is home to a spaand fitness center for ultimateserenity and rejuvenation.

Be it an absolute romantic holiday or a blend ofromance and action, this 4-star hotel de charm isthe spot. Boasting he most relaxing views of theNew Abu Tig Marina coupled with some specialtreats for an unforgettable romantic holiday, theAdults Only hotel is minutes away from ElGouna’s northern beaches.

****54 Rooms

*****

*****

12 Rooms

A family-oriented hotel featuring colorful hillsideaccommodations reminiscent of Tuscan homes,select villas spread around a swimming lagoon,as well as deluxe seafront rooms benefiting fromprime views over the hotel’s sheltered bay. Hotelguests have exclusive access to the privateBellevue Beach

*****134 Rooms

50

A beachfront resort with an allinclusive program. The 4-star hotelis built along a virgin beach expanseof a protected bay. Club-styleanimation and a myriad of sportsactivities make it a perfect choicefor active families.

A charming Adults Only authentic hotelfashioned to reminiscent an Upper Egypt’sMayor’s mansion in its most romantic setup.The hotel is complemented by superb interiordesign, a private lagoon beach and is adjacentto El Gouna’s lively Downtown area.

The 4-star all inclusive resort managedby a family-owned Belgian hotel chain.Offering unparalleled Red Sea holidaysfor families with children, the resorts’unique architectural design iscomplemented by lush landscapedgardens.

Capturing the essence of Egypt with itswinding alleys and stunning features, thehotel overlooks El Gouna’s lagoons andoffers a tropical garden setting in theheart of the town with easy access to thevibrant Tamr Henna Square.

****234 Rooms

****

239 Rooms

****66 Rooms

The Three Corners Ocean View offers a 4-starall inclusive experience in an Adults-Onlyenvironment. The hotel is home to two uniqueclusters, Le Soleil and Du Port, each offering aunique atmosphere with one overlooking theseafront and the other with fabulous Marinaviews0

****

434 Rooms

****115 Rooms

****69 Rooms

Overlooking the New Abu Tig Marinawith direct access to El Gouna’snorthern beaches, Mosaique Hotel isideal for sun and adventure seekers.The ultra four-star hotel boasts cooldécor, modern flair and amenitiestailored to the convenience of itsguests.

51

Directly overlooking the Abu Tig Marinapromenade, minutes away from thebeach, the 3-star Captain’s Inn is one of ElGouna’s most sought after small hotelswelcoming divers, kite surfers, andpartygoers.

With only 28 guestrooms in the beautifulAbu Tig Marina, Turtle’s Inn is one of ElGouna’s most sought-after addresses.This modern hotel offers tastefullyfurnished rooms, refreshing style, andpersonalized service.

***28 Rooms

In the heart of the Abu Tig Marina withthe most luxurious views and the mostconvenient accessibility! Famed for itsterrace, Ali Pasha’s nightly beauty iscomplemented by the delicacies servedat the town’s only Indian Restaurant,Tandoor.

***67 Rooms

Arena Inn offers all the amenities andcomforts of a holiday resort with a privateswimming pool and beautifully designedwaterfront restaurant. Hotel guests enjoyaccess to a full-service beach.

***

50 Rooms

***

177 Rooms *****56 Rooms

over 80 operating apartment suitesoffering guests a relaxed alternative tomore traditional styles of hotelaccommodation. Additionally, a further 56Deluxe hotel Rooms will open in April 2016.The currently open segment of the widerproject is located in the Ancient SandsHilltop Village.

52

Taba Heights- Hotels Map

53

*****426 Rooms

Beautifully framed by the pristine naturalenvironment, award winning architect MichaelGraves created the beachfront resort as a paintbox of colors and quirky shapes of Egyptianvaults and dome village styled architecture.Home to 3 swimming pools and a saltwaterlagoon with its own beach, eight restaurants, awide array of leisure facilities, the town’s onlyCasino.

Consisting of three separate structures linkedby tropical garden pathways and resting on aprime waterfront location, the resort offersbreathtaking views of the sea, pool and desertmountains. The hotel offers 10 restaurantsand bars, exclusive entertainment and with itsstate-of-the-art conference facilities, thehotel is the perfect business retreat.Swimming pools and a fully equipped healthclub.

The 4-star all inclusive resort managed by afamily-owned Belgian hotel chain. Offeringunparalleled Red Sea holidays for families withchildren, the resorts’ unique architectural designis complemented by lush landscaped gardens.

****394 Rooms

A signature Club Med Resort in the heart ofSinai. Providing exceptional opportunities todiscover the region’s famous attractions, theunique Resort is set on a beautifullypreserved bay covering 27 hectares, flankedby a 600 yard stretch of private beachoffering an ideal site for exploring thefabulous underwater life of the Red Sea.

*****503 Rooms

The beachfront resort is situated on over 44 acresof lush gardens, 2800 sqm of pools and waterfallswith over 500sqm of pristine private beach andhouses seven exclusive dining outlets, a privateSpa, a Steam Room, Swedish Sauna treatmentsand Jacuzzi.

*****

442 Rooms

*****385 Rooms

Capturing the essence of Egypt with its windingalleys and stunning features, the hotel overlooks ElGouna’s lagoons and offers a tropical garden settingin the heart of the town with easy access to thevibrant Tamr Henna Square.

****215 Rooms

54

Located at Makadi bay, one of Hurghada’sfascinating shores, 25 km away fromHurghada International airport, the AllInclusive beachfront resort overlooks itsown spacious private sandy beach, offeringseven restaurants & bars, a fully equippedwatersports center, two tennis courts, asquash court, billiards, a fully equippedfitness room and 2 swimming pools.

Only 25 km away from HurghadaInternational airport, the beachfrontresort is easily accessible offering sevenrestaurants & bars, a fully equippedwatersports center, two tennis courts, asquash court, billiards, a fully equippedfitness room and 2 swimming pools

*****

491 Rooms

****339 Rooms

****287 Rooms

Ideally located only a fewkilometers away fromHurghada, Sahl Hasheesh

Makadi is settled in the heart of the Red Sea tourism hub located only 25kilometers away from Hurghada International Airport and just a short drivefrom the bustling shopping and dining venues of Hurghada and SahlHasheesh. Featuring a variety of residential units, hotels, commercial andentertainment areas, as well as all the supporting infrastructure andservices, Makadi allows individuals and families to benefit from a moreactive lifestyle.

Ideally located only a few kilometers awayfrom Hurghada, Sahl Hasheesh andSafaga; the Adults Only Azur MakadiGardens Hotel provides easy access tomost of the Red Sea’s world-classwaterfront destinations with clusteredfacilities with its sister hotels Royal Azurand Club Azur.

*****

514 Rooms

55

On the tranquil side of Qarun lake in Fayoum – the oldest city in Egypt, the new ByoumLakeside Hotel is opening in September 2016. A fertile depression in Egypt's WesternDesert, some 120 kilometers southwest of Cairo, Fayoum is both rich in history andoutstanding in natural beauty. Byoum is the ideal gateway resort for families wanting torelax by the swimming pool, discover some of it's many national parks or visit Fayoumcity and its famous watermills.www.byoum-alfayoum.com

****

50 Rooms

A beautiful and peaceful hotel where all rooms and suites faceQarun Lake by design, with its rugged mountain-scape andpristine waters, lush greeneries and exotic birds passing by theterraces. Hotel rooms range from Superior rooms, Suites andlarge 2 bedrooms Grand Suites. Meals consist of Oriental culinarydelights light foods and snacks served at the Main restaurant AsSa’aya and the pool bar. Our seamless blend of country-housecharacter and contemporary four star luxury will make you feelcompletely at home - whether having tea in the lobby bar,relaxing by the pool or enjoying a fresh juice on the terrace.

56

Its ideal location at the entrance of the emirate made the development a regionalinvestment and leisure attraction. Extending over about 300,000 sqm, The Coveoverlooks 600m of private beach and comprises an internationally renowned 5-star hoteloperated by Rotana, exclusive real estate, and a range of upscale services and amenities.State-of-the-art leisure and urban facilities are within easy reach as the development is inclose proximity to two golf courses, several shopping malls and supermarkets,international schools and hospitals of international standard.www.thecove-uae.com

*****

346 Rooms

Located on an idyllic water inlet on the Ras Al Khaimahbeachfront overlooking the Arabian Gulf with 600 meters ofpristine beach, the Cove Rotana encompasses a number of Villasthat are ideally designed to accommodate families of a group offriends. With a Nubian touch in their design, the Villas are well-crafted and aesthetically designed to offer comforts that youwould expect of a 5-star resort and much more. From spaciousLiving rooms, private terraces, spectacular views of the ArabianGulf to the lagoon or lush green hills, each of the Villas aredesigned to anticipate and cater to your every need.

57

Jebel Sifah, Orascom Development’s third biggest town, is only an hour away from the Muscatcity center stretching across 5 km of beachfront. Jebel Sifah boasts a planned 950 residentialunits, an18-hole PGA golf course, and an 84-berth inland marina surrounded by a picturesquemarina town. Orascom Hotel Management currently operates the Sifawy Boutique Hotel, andfurther plans to develop five 5-star hotels including some of the world’s most prestigiousbrands, among them the Four Seasons. Restaurants, cafés, luxuriously-appointed spas, andboutiques featuring the latest fashion complete the town’s offerings.www.jebelsifah.com

****

67 Rooms

Designed by renowned Italian designer Alfredo Freda, theSifawy Boutique Hotel is ideally located only 45 minutesaway from the capital city of Muscat in the heart of thepicturesque marina town.

58

A newly opened hotel offering aunique holiday experience capitalizingon the Rotana’s understanding andhospitality expertise, the upscalehotel’s Omani-inspired architecturefeatures a series of clusterssurrounding the main building,housing major public facilities andamenities.

Nestled on the picturesque marinapromenade of Salalah Beach andfacing the Indian Ocean, the hoteloffers traditional lifestyle and valuesexpressed in the glowing architectureand aromatic food along with thescents of frankincense andsandalwood. Among the recreationalfacilities are 2 large swimming pools,a state-of-the-art wellness center andintimate guestrooms.

Designed by renowned Italian designerSandro Serapioni, this distinctiveproperty offers a unique blend ofcontemporary design and sereneArabian architecture. This 4 star deluxeHotel boasts 302 guestrooms andsuites, a variety of restaurants and bars,stylish meeting rooms, a distinct spa,and an 800-square meter infinity pooloverlooking the only tropical stretch ofbeach in the region.

Offering a spectacular landscape of fertile plains, fresh water springs, and lush coconuttrees enhanced by the monsoon during the summer, Hawana Salalah is the Group’sfirst and the region’s only tropical destination. Located on the southern part of Oman,Hawana Salalah is a large family-oriented complex boasting over 8 km of beachfronton the Arabian Sea as well as a man-made lagoon system extending the sea inland.Once fully developed, it comprises high-end luxury apartments and villas, restaurantsand cafés, shopping and retail outlets, hotels - ranging from boutique to five-star beachresorts, a 200-berth inland marina, as well as two 18-hole PGA golf courses.

*****400 Rooms

*****82 Rooms

****302 Rooms

59

0

Khaled Bichara

CEO of ODH

Mr. Bichara currently holds the position of Chief Executive Officer of Orascom Development Holding. He is also a Co-Founder of Accelero Capital. He previously served as GroupPresident and Chief Operating Officer of VimpelCom Ltd (“VimpelCom”). He was also Chief Executive Officer of Orascom Telecom Holding S.A.E. (“OTH”) as well as ChiefOperating Officer of Wind Telecomunicazioni S.p.A. (“Wind Italy”). He played a pivotal role in the merger of VimpelCom with Wind Telecom S.p.A, (“Wind Telecom”) for a totalconsideration of USD 25.7 Bn to create the world’s sixth largest telecommunications carrier. Mr. Bichara managed ten operations across the globe through OTH and Wind Italyand 22 operations across the globe through VimpelCom. He was the Co-founder, Chairman and CEO of “LINKdotNET”. In 2011, Mr. Bichara also served as Group ExecutiveChairman of OTH as well as Chairman of Wind Italy. Mr. Bichara currently serves as a board member of various telecom and IT companies, including Orascom Telecom Media andTechnology Holding S.A.E.; SUPERNAP International S.A., the developer of the world-renowned SUPERNAP data centers; and Joyent Inc., a global provider of cloud computingsoftware and services. He is the chairman of the board of Italiaonline S.p.A., the leading Italian Internet Platform and the #1 email service in Italy; as well as the chairman of theboard of SEAT Pagine Gialle S.p.A., the Italian leader in internet services for SMEs (website, directories, local adv). He is also a board member of Orascom Construction Limited,a company dually listed on NASDAQ Dubai and the Egyptian Stock Exchange. Mr. Bichara is also a member of the Advisory Board for the Computer Science and EngineeringDepartment of the American University in Cairo. He was previously a member of the GSMA board. Mr. Bichara holds a Bachelor of Science degree from the American Universityin Cairo.

AshrafNessim

CFO of ODH

Eng. Nessim has more than 20 years of experience in various fields including finance, infrastructure and hospitality. He currently holds the position of the Group’s Chief FinancialOfficer of Orascom Development Holding. He is also the Chief Financial Officer of Orascom Hotels and Development the Egyptian largest subsidiary of the group whichencompasses 64 subsidiaries. Prior to joining the group he was the Chief Financial Officer representing Beltone Private Equity in their Pick Albatros Investment, one of the largestplayers in the travel and tourism industry in Egypt with almost 6,000 rooms under management. He played a pivotal role in the legal and financial restructuring of Pick AlbatrosGroup. From 2007 to 2010 he was the Group Chief Financial Officer of Mobiserve, a key player in the mobile telecom network infrastructure in 9 countries within the Middle Eastand South Asia. Prior to shifting his career to finance he established the operation of Raya Distribution in Algeria and managed merchandising activities in all 34 shops in of Nokiaand Samsung in Egypt. Mr. Nessim holds a Bachelor degree in Mechanical Engineering and he is also one of the earlier people in Egypt to hold the CFA designation in 2004.

Abdelhamid Abouyoussef

ODH Chief Hotel Officer

Eng. Abouyoussef started his career in design and installation of hotel electro-mechanical systems in 1998. He soon moved to project management in hotel construction, inaddition to being the owner’s representative at Amphoras Holiday Inn, Sharm El Sheikh. He now has his own company, Shores Hotels currently managing 1,600 rooms acrossEgypt. He also founded a travel agency that handles over 100,000 tourists per year. Eng. Abouyoussef helped develop Orascom Hotels Management, a JV between ODH andShores, to manage OHD’s entire hotels portfolio, and other hotels on the ODH level. Eng. Abouyoussef received his B.S. in Mechanical Engineering from the AmericanUniversity in Cairo and a Masters of Science degree from the University of California at Berkeley.

Management Team

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Nermine Faltas

Chief HR & Organization Development

Officer

Nermine has more than 20 years of multi-disciplinary experience in Human Capital, Organizational Development, IT and Process Re-engineering. She started her career in 1995as software engineer, then joined LINKdotNET as Project Manager, working on many process and quality improvement assignments. As the company was expanding, she grewinterest in organization development, where she was appointed HR & Operations Sr. Manager. Nermine has managed multiple strategic initiatives and change managementprojects including mergers, regional expansion, restructuring and many other organizational development initiatives. In September 2010, Nermine became VP for Operations &Human Capital in A15, Nermine led all centralized supporting Operations including; Human Resources, Administration and Management Information Systems, serving 10+subsidiaries, 16 regional offices and with more than 1000 employees. Nermine is PROSCI Certified change management practitioner. She is a Certified Trainer/Facilitator. She isalso corporate a Co-active coach, accredited by the (International coaching federation). Additionally she holds a certification in HR competency analysis profiling from HRCGCanada. She obtained her Bachelor of Science, Computer Science from the American University in Cairo in 1995.

Tarek Gadallah

ODH General Counsel

Tarek Gadallah serves as General Counsel of the Orascom Development Group. He has extensive experience in mergers and acquisitions, private equity, restructuring, and debtand equity capital markets transactions. His experience also includes project financing and PPP projects covering all stages of the process from inception to commercialoperations. Prior to joining the group, Tarek spent eight years in private practice as senior partner with a top tier law firm in Egypt where he advised local and internationalclients on high value, complex and cross-border transactions across a wide range of industries including financial services, real estate, tourism, energy, and pharmaceuticals. Healso advised public companies on regulatory, compliance, and corporate governance issues. In conjunction with his corporate practice, Tarek has handled a number of high valueand complex international commercial arbitration and represented financial institutions and investors in several securities and capital markets litigation. Prior to his privatepractice, he worked as Group General Counsel of a regional investment bank where he handled a variety of debt and equity transactions in Egypt and GCC region. Tarek receivedhis Mater of Law from Cairo University and Executive Education in accounting and finance from Wharton Business School and Cambridge Judge Business School.

Management Team

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Board Of Directors

Samih SawirisChairman

Non-Executive Member

After receiving his Diploma in economic engineering from the Technical University of Berlin in 1980, Mr. Sawiris founded his first company, National Marine BoatFactory. In 1996 he established Orascom Projects for Touristic Development and in 1997 Orascom Hotel Holdings, the two companies that later merged to formOrascom Hotels & Development S.A.E. Further-more, Mr. Sawiris established El Gouna Beverages Co. in 1997, which he sold in 2001 when it was the largestbeverage company in Egypt. As of April 1, 2014, Mr. Sawiris took over the position of the CEO on ad-interim basis of Orascom Development and serves as Chairmanof the Board of Directors.

Adil DouiriNon-Executive

Member

Mr. Douiri is the founding shareholder and CEO of Mutandis, a Moroccan consumer goods company established in 2008. Mr. Douiri served in His Majesty KingMohamed VI’s Government as Minister of Tourism (2002-2007) and later as Minister for Tourism, Crafts & Social Economy (2004-2007). In 1992 Mr. Douiri foundedCasablanca Finance Group (later renamed CFG Bank), the country’s first investment bank. Until 2002 he acted as chairman of its supervisory board and is still a boardmember. He is also a board member of MFEx, a Stockholm based Technology Company serving the financial industry, and Holcim Maroc, a publicly listed companyat the Casablanca stock exchange, subsidiary of Holcim group (now Lafarge Holcim). Mr. Douiri graduated as an engineer from the Ecole Nationale des Ponts &Chaussées (ENPC) in Paris.

Franz EgleNon-Executive

Member

Mr. Egle’s background is in strategy development, corporate communications, media and PR. After holding senior positions in the private sector he was in charge ofcommunications at the Swiss Federal Department of Foreign Affairs and advisor to the Minister of Foreign Affairs (1993-1998). Before co-founding Dynamics Group,a Swiss company providing strategic consulting, communication management and research analysis, Mr. Egle was a partner of Hirzel.Schmid.Nef Konsulenten, acommunication and financial consultancy firm (1999-2006). Mr. Egle holds a Doctor’s degree in sociology from the University of Zurich.

Carolina Müller-

MöhlNon Executive

Member

Ms. Müller-Möhl is a Swiss founder, investor and philanthropist. Since 2000, Carolina Müller-Möhl has managed and presided over the Müller-Möhl Group, a single-family office that actively manages the family's investments. She currently serves on the board of directors of Gebrüder Müller Immobilien AG (since 2000), AG fürdie Neue Zürcher Zeitung (since 2010), a major media group in Switzerland, and in 2015 also became a board member of Fielmann AG, Europe's largest optician. Ms.Müller-Möhl is highly committed to address socio-political causes and brings her efforts under the Müller-Möhl Foundation, which focuses on compatibility of workand family life, education, promotion of a free market in Switzerland and philanthropy in general. Furthermore, she sits on various foundation and advisory boardsthat support the above causes such as Department of Economics, University of Zurich, University of St. Gallen, MBA for Women Foundation, EDGE, Avenir Suisse,Swiss Economic Forum, Schweizerische Management Gesellschaft and Bertelsmann Stiftung, Germany. Ms. Müller-Möhl studied politics, history and law andgraduated as M.A. Political Science from Freie Universität Berlin. In recognition of her success and her philanthropic commitment, the World Economic Forumnominated her as a Young Global Leader in 2007.

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Jürgen Fischer Non Executive

Member

Mr. Jurgen Fischer is founder of “The Pearl Management Consultants” in Dubai, UAE. Previously he was CEO of Dubai Properties LLC, a major real estate developer inthe UAE. Besides looking after 20,000 residential leasing units, 50,000 sqm of retail space, thousands of “Built to Sell” apartments and villas and several masterdevelopments in Dubai, he was as well involved in international developments of Sama Dubai Group in, among others, Morocco and Oman. During his time with DubaiProperties he oversaw several theme park and tourist projects. Between 1995 and 2008 Jurgen Fischer held several senior positions with Hilton International, such asPresident Commercial Operations and President for Continental Europe, Middle East and Africa, as well as President of Scandic Hotels AB. Since 2008 Fischer is as well aNon-Executive Board member of Movenpick Hotels & Resorts and Non-Executive Chairman since 2014 to date. Prior to joining Hilton, he worked for the Walt DisneyCompany in different roles in Florida and Paris including Vice President Sales and Marketing for Disneyland Paris, Director of Resort Development at Disneyland Parisand General Manager of the “Grand Floridian Beach Resort and Spa”at Walt Disney World, Florida. Fischer held several hotel management positionsin Europe andMiddle East after starting his professional life as a chef in 1970. He later graduated from the Ecole Hoteliere Lausanne, Switzerland and obtained an MBA with Honorsfrom IMEDE/IMD, Lausanne in 1988.

Marco Sieber Non Executive

Member

Mr. Sieber, born in Lucerne, Switzerland, studied economics at the Business School in Lausanne. After graduating with a business degree, in 1989 he took over thefamily owned company SIGA Holding Ltd. together with his brother. Mr. Sieber managed to transform SIGA into a company which operates internationally and whichhas over 450 employees. SIGA develops and produces products for the construction sector, namely in the field of energy-saving sealings. Mr. Sieber is member of severalBoards.

Jürg WeberNon Executive

Member

Mr. Weber holds an MBA with a Major in Finance and Strategic Planning from the Wharton School, University of Pennsylvania. Mr. Weber previously studied CivilEngineering at the School of Engineering in Switzerland and Microeconomics and English at the University of California, Santa Barbara. Before his present position asDivision CEO of SIX Payment Services and Chairman of the Board of TWINT, Mr. Weber was CEO and partial owner of Boyner Financial Services in Istanbul and anentrepreneur in card issuing, purchase finance and payment services. Previously he was a consultant at McKinsey & Company where he served Swiss banking clients andlater co-lead the founding of the Istanbul Office, leading to his nomination for Partner. Before that Mr. Weber served as project assistant to the Vice Chairman of UBSPhillips & Drew in London and as project manager for the CEO of UBS North America in New York, where he was elected into the “UBS Leadership Program” with asponsorship for MBA.

Naguib S. SawirisNon Executive

Member

Mr. Naguib S. Sawiris is the Founder and CEO of Yup (2014-present), a San Francisco based education Technology Company. Yup provides on-demand personalizedlearning through mobile chat with over 500,000 student sign-ups. Yup has raised $7.5M from leading tech and education investors including Index Ventures, FloodgateFund, and Stanford University's StartX Fund. Naguib S. Sawiris attended Stanford University where he designed his own major, Economic and Enterprise Engineering.He is an active angel investor, having invested in over 20 companies including DoctorOnDemand, Transcriptic, and Womply. His investments have went on to raise$200M+ in subsequent rounds.

Board Of Directors

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The Cove - UAE

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El Gouna - Egypt

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Disclaimer

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IN PARTICULAR, NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES OF AMERICA (THE "UNITED STATES") OR TO U.S. PERSONS OR DISTRIBUTED,DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS. NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT MAY BE TAKEN OR TRANSMITTED INTO, OR DISTRIBUTED OR REDISTRIBUTED,DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR TO ANY RESIDENT THEREOF.

ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF UNITED STATES, AUSTRALIAN, CANADIAN OR JAPANESE SECURITIES LAWS. THE DISTRIBUTION OF THIS DOCUMENT INOTHER JURISDICTIONS MAY BE RESTRICTED BY LAW, AND PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS.

THIS DOCUMENT DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER ORSOLICITATION IS NOT AUTHORIZED OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE AN OFFER OR SOLICITATION. THE SECURITIES OF OD HOLDING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDERTHE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR THE BENEFIT OF “U.S. PERSONS” (AS SUCH TERM IS DEFINED IN REGULATION SUNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. OD HOLDING NOR ITSSHAREHOLDERS INTEND TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED STATES OR CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.

THIS DOCUMENT IS DIRECTED ONLY AT PERSONS (i) WHO ARE OUTSIDE THE UNITED KINGDOM OR (ii) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER") OR (iii) WHO FALL WITHIN ARTICLE 49(2)(a) TO (e) ("HIGH NET WORTHCOMPANIES, UNICORPORATED ASSOCIATIONS ETC.) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). ANY PERSON WHO IS NOT A RELEVANT PERSON MUST NOT ACTOR RELY ON THIS COMMUNICATION OR ANY OF ITS CONTENTS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS COMMUNICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BEENGAGED IN ONLY WITH RELEVANT PERSONS.

IN ANY EEA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY EEA MEMBER STATE, THE “PROSPECTUS DIRECTIVE”) THISCOMMUNICATION IS ONLY ADRESSED TO AND IS ONLY DIRECTED AT QUALIFIED INVESTORS IN THAT EEA MEMBER STATE WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE.

THIS DOCUMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES AND IT DOES NOT CONSTITUTE A PROSPECTUS PURSUANT TO ARTICLES 652a AND/OR 1156 OF THE SWISSCODE OF OBLIGATIONS OR ARTICLES 32 ET SEQ. OF THE LISTING RULES OF THE SWX SWISS EXCHANGE. A DECISION TO INVEST IN SHARES OF THE GROUP SHOULD BE BASED EXCLUSIVELY ON THE ISSUE ANDLISTING PROPECTUS PUBLISHED BY THE GROUP FOR SUCH PURPOSE.

THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED TO LEAD TO THE CONCLUSION OF ANY CONTRACT OF WHATSOEVER NATURE, IN PARTICULAR WITHIN THE TERRITORY OF EGYPT, THE UNITEDARAB EMIRATES, KUWAIT, MOROCCO, OMAN AND SAUDI ARABIA.

RoundingNumbers presented throughout this presentation may not add up precisely to the totals provided in the tables and text. For presentation purposes, figures are rounded to the nearest decimal place. Percentages, percent changes and absolute variances, however, are calculated based on the exact figures as shown in the financial statements.

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