RESULT OVERVIEWQ3 2016

Q3 Highlights 3Q3 Business overview 5Q3 Financials 11

Table of Content

Q3 HIGHLIGHTS

Q3 HIGHLIGHTS

• Hajj and Umrah business: Launching newMobile Kitchen Unit, inaugurated by HRHPrince Khalid Al Faisal on Monday, 29August 2016 at Mina Valley, Makkah

• Business Lounges: Opening of newWellcome Lounge in RUH T2

• Retail: Opening RUH T5 arrivals duty paidshop

• In Flight: Saudia announced a purchase ofan additional 63 aircrafts:

• 15 B777-300ER• 13 B787• 35 A320/A321-neo

13/11/2016

Q3 Business Overview

FLIGHTS AND MEALS

13/11/2016

1000 units Q3-2011 Q3-2012 Q3-2013 Q3-2014 Q3-2015 Q3-2016Number of flights

Saudia 30 31 31 30 34 35

Others 10 11 10 8 9 12

Private 2 2 3 6 8 7

Total 42 44 44 44 50 54

Number of mealsSaudia 5,893 5,850 5,850 5,642 7,177 7,332

Others 1,001 930 894 799 1,091 1,289

Private 76 92 128 190 214 207

Total 6,970 6,872 6,872 6,631 8,481 8,828

LOUNGE GUESTS

13/11/2016

1000 unitsQ3-2014 Q3-2015 Q3-2016

Jeddah 173 214 211

Riyadh 184 230 255

Dammam 23 51 51

Medina 0 1 2

Total 380 495 520

DEPENDANCY FROM SAUDIA*) DECREASES

• Besides in-flight catering services, SACC provides Saudia airline equipment, lounge services and manages SkySales on-board sales

• SACC’s dependency from SV have decreased significantly due to successful strategy implementation

• Trend is expected to continue also during 2016

13/11/2016

*) Includes Saudi Arabian Airlines (catering, menu planning and equipment sales), Al Fursan lounges, Saudia Cargo and Saudia Private Aviation

2011-Q3 2012-Q3 2013-Q3 2014-Q3 2015-Q3 2016-Q3

SV share of net sales

73% 71% 70% 67% 66% 65%

SACC STAFF COUNT

• Saudization rate at the end of Q3 was 26%, which places SACC in medium green level in a relevant category

• In addition to permanent staff SACC employed 1,446 temporary staff at the end of Q3 2016

• The total number of permanent and temporary staff at the end of the quarter was 5,499

13/11/2016

2011-Q3 2012-Q3 2013-Q3 2014-Q3 2015-Q3 2016-Q3

Saudi males 833 896 826 732 870 1,098

Saudi females 43 143 179 119 93 113

Total Saudis 876 1,039 1005 851 963 1,211

Expatriates 2,111 2,128 2,502 2,827 2,867 2,842

Total permanent staff 2,987 3,167 3,507 3,678 3,830 4,053

STATISTICS

Particulars 2015 Q3 2016 Q3

Total number of inflight meals catered 8.5 million 8.8 million

Total number of flights catered 50,438 flights 53,858 flights

Total number of Airline clients

SAUDIA + 67 other airlines

SAUDIA + 72 other airlines

Total number of Business Lounges

14 (8 Intl, 5 Dom, & 1 Other)

23 (13 Intl, 7 Dom, & 3 Others)

Total number of Lounges guests 466,000 510,000

Total number of Non-Airline clients

59 (43 Food & 16 Laundry)

78 (52 Food & 26 Laundry)

13/11/2016

Q3 Financials

Q3 FINANCIAL SUMMARY

• Net sales increased by 2% from 579 MSR to592 MSR

• Net profit decreased by 9% from 164 MSR to150 MSR mainly due to provisions released in2015

• Earnings per share before zakat and incometax are 1.82 SAR (2.01 SAR Q3 2015)

• Cash and cash equivalent have decreasedfrom 304 MSR to 81 MSR

13/11/2016

• Saudia remained the most important sourceof income for SACC

• Saudia’s share of total SACC turnoverdecreased by 3% from 66% in Q3 2015 to65% in Q3 2016.

• 2016 topline was maintained on a same levelas last year

• Business Lounges +16%• Inflight catering -1%• Laundry +106%• Business & Industrial +6% • SkySales +1%

• 2016 result was adversely impacted byrelease of 10 MSAR provisions & accruals (7MSAR for AR, and 3 MSAR excess ofManagement fees accrual of 2014) in 2015and 5 MSR increase in Salaries and wages

• COGS ratio improved by 2.9pp from 42.5%to 39.6%

13/11/2016

Q3 FINANCIAL SUMMARY

• Personnel cost ratio have increased by 16%impacting a 1.3pp comparative to samequarter of last year

• Other expenses decreased by 4% from Q32015

• G&A increased by 20.7 MSAR or 3.3ppmainly due to net increase in provision fordoubtful receivables, which is related to thereleases in Q3 2015

• Net profit declined from 2015 by 9% resultingin 149.7 MSAR or 25.3% profit ratio

13/11/2016

Q3 FINANCIAL SUMMARY

2016 KEY FINANCIALS COMPARED TO SAME QUARTER, PREVIOUS YEARS

150-9,1%

2016

2015 165

2014 155

2013 133

2012 134

2011 121

2014 28.1

2013 29.0

2012 30.3

2011 31.0

2016 25.3

2015 28.4

1.63

1.82

2.01

1.89

1.64

1.75

1.75

1.75

1.25

2.00

2016

2015

2014

2013

2012

Dividends per shareEarnings per share before Z&IT

1.306

2015 1.277

2014 1.203

2013

2012 1.051

9612011

1.144+2,2%

2016

2015

2016

461+2,3%

592

579

2014 553

2013

2012 442

2011 391

Net sales increased by 2% from 579 MSR to 592 MSR Net profit decreased by 9% from 164 MSR to 150 MSR Earnings per share before zakat and income tax were 1.82

SAR (2.01 SAR)

Shareholders equity

Net profit %

Net profit

Revenues

13/11/2016

REVENUES

Source: Financial Statements

600

550

500

400

350

0

442

78%

3%

10%

81%

391

2011-Q3

3%

3%

10%

1%

6%

5%

2.3%

2016 vs. 2015

2.3%

-1%

1%

16%

12%

49%

2016-Q3

592

71%

10%

7%

9%

3%

2015-Q3

579

73%

11%

6%

8%

2%

2014-Q3

553

76%

9%

4%

8%

2%

2013-Q3

461

77%

10%

3%

6%

3%

2012-Q3

SAR (millions)

SkysalesInflight CateringLounges

Non-AirlineOther Revenues

13/11/2016

CASH FLOW

SAR (millions)

81.038.0

4.0

4.0

36.027.0

Cash balance 30.09.2016

Zakat & Income Tax

Dividends paid

Investments &

Guarantees

-29.0

Long term incentives

paid

EOSA paidCAPEX

-119.0

Operating cashflow, +336 MSR

Cash balance 31.12.2015

304.0

436.0

Net income

423.0

Depreciations Provisions and

accruals, net

-163.0

Change in WoC

640.0

• Operating cash flow was +336 MSAR• WOC increased by 163M

13/11/2016

SHARE PRICE DEVELOPMENT

13/11/2016

6,756.995,623.34

54.00

84.3

50.00

70.00

90.00

110.00

130.00

150.00

170.00

190.00

5,000

8,000

11,000

14,000

17,000

20,000

23,000

26,000

Tadawul Index SACC closing share price

SHAREHOLDERS as of 30/09/2016*)

Strategic Catering Co: Al-Hokair Group, Injaz Holdings, and Newrest Group

35.70%

23.10%

41.20%

Saudi Arabian Airlines CompanyStrategic Catering Co. Ltd.The Public

13/11/2016

SIGNIFICANT EVENTS AFTER PERIOD CLOSING

1. 6th October SACC announced an opening RUH T5 domestic departure lounge

• The Lounge contract with Saudia was signed on the 6th October 2016.

• The contract replaces the contract to operate domestic lounge at T3, which is currently under renovation

• Contract term is 10 years and the provisional value is 349.8M SAR

2. 6th October SACC announced entering into a consortium agreement to operate and manage duty free business in RUH T1 and T2

• Contract is with Lagardere Travel Retail (LGTR) and Arabian Ground Handling and Logistics (AGHL)

• Joint venture’s shareholding is 51% LGTR, 40% SACC and 9% AGHL

• The contract period is five years and the duty free operations are expected to start in April 2017

13/11/2016

3. 18th October SACC announced Q3 dividend, 1.75 SAR per share

SIGNIFICANT EVENTS AFTER PERIOD CLOSING

4. 29th October Saudi Gulf started its operations• MOU to provide catering services

5. 29th October SACC opened a temporary duty paid shop in RUH T1 and T2

• Shop will serve customers while the actual duty paid shop is under construction

6. 31st October SACC announced its readiness for IFRS transition

• SACC already has readily available IFRS financial statements for Q1, Q2 and Q3/2016

• The same is now being reviewed by the auditors

7. 2nd November SACC opened a temporary duty paid shop in JED South terminal (Int)

• Shop will serve customers while the actual duty paid shop is under construction

8. 13th November SACC announced that the consortium with LGTR and AGHL has been awarded for the project of operating and managing two Aelia duty free shops at King Fahad International Airport in Dammam.

• The contact period is five years• The provisional value of the capital

expenditure shall be SAR fifteen million (15,000,000)

13/11/2016