Q1 2018 Investor Presentation - Amazon S3

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Q1 2018 Investor Presentation - Amazon S3
Q1 2018 Investor Presentation
Q1 2018 Investor Presentation - Amazon S3
AGENDA

                                                                            Operational
       SODIC: Egypt’s                              Our
                                                                            & Financial                    Appendices
     Leading Developer                           Strategy
                                                                             Highlights

 •    Demand drivers for property     •   Forward Strategy            •   Performance Overview        •   Projects Portfolio
      in Egypt                        •   Prime Land Bank & Diverse   •   Project Profitability       •   Additional Information
 •    SODIC At a Glance                   Portfolio                   •   Delivery & Execution
 •    Our Unique Value Proposition                                    •   1Q18 – Results Highlights

              Q1 2018 Investor Presentation                                                                                        2
Q1 2018 Investor Presentation - Amazon S3
SODIC: Egypt’s
Leading Developer

                    3
Q1 2018 Investor Presentation - Amazon S3
Demand drivers for residential real estate in new urban communities

Demographics           Real demand backed by demographics
                            At 96mn the population is the largest in the region

01
                       
                           Young population 70% under 35
                           936,000 marriages a year
                           2% population growth
                           Housing gap of 3 million units
                           SODIC estimates that its addressable upper middle income market accounts for 10%-15% of the population

Consumer                Favoring gated communities in new cities

02
                            Quality of life and a secure gated community is driving tenants from the densely populated city center
preference                  East & West Cairo are autonomous satellite cities offering their residents all the amenities needed
                            With most of the organized office space as well as new school and university campuses located in these new
                             cities, these suburbs have become the destination of choice for most new home buyers
                            With most developers offering payment plans and in the absence of the mortgage market, off plan
                             purchases appeal to most buyers

Investment              Healthy and predominantly non-speculative
Demand                       Demand continues post devaluation and despite high interest rates

03
                        
                            Investment in real estate as an inflation hedge is a long term trend and deeply rooted in our culture
                            A familiar and tangible investment
                            Cultural norms: Parents often buying property for second generation tenants
                            With rental yields at 5-7% and historical property appreciation on SODIC developments estimated at 20-30%
                             annually, real estate has historically delivered attractive returns

        Q1 2018 Investor Presentation
Q1 2018 Investor Presentation - Amazon S3
SODIC is at the Forefront of the Egyptian Real Estate Market

With a proven history of success in Egypt, SODIC is focused on expansion and growth

                                    Brief Overview                                                                          Key Highlights¹
         Building on a history of over two decades of successful
          operations in Egypt, SODIC is one of the country’s leading real                            Over   20 years of                  17 projects
          estate development companies, bringing to the market award-
                                                                                                                operation                        launched
          winning large scale developments to meet Egypt’s ever-growing
          need for high quality housing, commercial and retail spaces.
         Headquartered in Cairo and listed on the Egyptian stock
          exchange (EGX), SODIC is one of the few non-family owned
                                                                                                      Over   7 mn sqm                      over EGP    29bn
          companies traded on the EGX, with a strong corporate                                                                              Contracted Sales
          governance framework.                                                                          of land developed
                                                                                                                                             c.13,000 units
         Having invested in sixteen diverse real estate projects, SODIC
          boasts a portfolio that has contributed more than 3 million
          square meters of built-up area to Cairo’s new urban
          communities¹.                                                                                     Over  8,000                     5.8 mn sqm
                                                                                                             Delivered Units           Non-launched & Raw Land Bank2

                                                                                                                                     90-95bn
1 SinceInception & including Beverly Hills
2As of 31st of March 2018 and includes owned land as well land to be developed under revenue share                             EGP
agreement s
                                                                                                            Expected Sales from Non-Launched and Raw Land Bank

                         Q1 2018 Investor Presentation                                                                                                                 5
Q1 2018 Investor Presentation - Amazon S3
Our Unique Value Proposition

SODIC’s established brand, performance record and healthy financial position provide the perfect backdrop
for sustainable growth

            Significant Brand Equity                      Track Record & Management                              Scalable Operation

 •       Strong demand for SODIC products             •    Full cycle experience: Successful           • Significant in-house capacity with a team
 •       Pricing at a premium to the market                navigation through the downturn               of more than 650 professionals
 •       Reputation of timely deliveries              •    Strong operational performance &            • Ability to acquire and execute sizable
 •       Access to partnership deals through our           resilient financial results                   plots
         strong brand and ability to monetize land    •    16 successfully launched projects           • Capacity to raise the required funding to
                                                                                                         secure timely execution
                                                                                                       • Strong relationship with suppliers

                                                            Solid Growth Strategy
     •      Sales pipeline: EGP 90-95bn                                     •    Diversify locations: coastal and secondary cities
     •      Expand land bank: acquisitions and/or revenue share deals       •    Build up recurring income portfolio

                      Q1 2018 Investor Presentation                                                                                                  6
Q1 2018 Investor Presentation - Amazon S3
Our Strategy

               7
Q1 2018 Investor Presentation - Amazon S3
Forward Strategy

Against this backdrop — and with proven brand equity, performance and financial strength — SODIC is focused
on growth and expansion

                        •   Execution of EGP 90-95 bn worth of unlaunched inventory
  Execute existing      •   Deliver some 17,000 units from both sold and unlaunched inventory
      pipeline          •   Collect EGP 11.3 bn of receivables on existing sales while maintaining a collection ratio above 93%
                        •   Increase allowable foot print and monetize Al Yosr plot (300 acres in West Cairo)

                        • Locations of interest include:
                               • New, growing urban communities (East & West of Cairo)
      Expand                   • Second homes on coastal cities (significant cross selling opportunity & mitigating our current seasonality of primary
                                  homes sales)
     land bank                 • Secondary cities offering untapped opportunities in Egypt
                        • Explore joint ventures, co-development and other asset-light structures as a means to expand operations with a less capital
                          intensive approach

     Build up           • Gradual build up of our recurring income portfolio, targeting EGP 450 million of revenues
 recurring income       • Leverage our existing property and facility management company EDARA and further develop its expertise

  Other long-term       • Monetize Syria land (completely written off the balance sheet)
  upside potential

            Q1 2018 Investor Presentation                                                                                                                8
Q1 2018 Investor Presentation - Amazon S3
Prime Land Bank & Diverse Portfolio of Live Communities

With 5.8 mn
sqm of
unutilized land,
SODIC is
expected to
bring to the
market EGP 90
to 95bn1 of
inventory over
the coming 10
years from its
existing land
bank

    1   Includes estimated sales of over EGP 58 billion from the co-development agreement with Heliopolis Housing

                     Q1 2018 Investor Presentation                                                                  9
Q1 2018 Investor Presentation - Amazon S3
A Diversified Portfolio of Live Communities¹

                                       Residential      Upper Middle      Integrated         High-end                                            Retail stretch
                 Project                                                                                   Various Types of
                                      Single Family    Class Apartment mixed-use office     Apartments                       Residential Units       mall
                 description                                                                               Residential Units
                                          Units            Buildings          park

                 Gross land area
                                           2,428,283           126,000             54,727         52,934            584,331           725,813*             157,872
                 Gross BUA                   575,325           123,733             85,124         72,220            344,664           611,008               35,004
                 Launched as a
                 pct of project           100%
                                          100%              100%
                                                            100%             100%
                                                                             100%              100%
                                                                                              100%               100%
                                                                                                                100%               93%
                                                                                                                                   93%                67%
                                                                                                                                                     67%
                 gross land area

                 Value sold as a          99%               100%                               89%              100%               96%               100%
                                          99%               100%             94%
                                                                           94%
                                                                                               89%               100%               96%              100%
                 pct of launched

                                                                                 54%
                 Delivery                 96%
                                          96%               99%
                                                            99%              54%               57%
                                                                                               57%               99%
                                                                                                                99%                36%               100%
                                                                                                                                                    100%
                                                                                                                                   36%

                 Execution                94%
                                          94%               100%
                                                            100%             90%
                                                                             90%               82%
                                                                                               82%              99%
                                                                                                                99%                 50%              100%
                                                                                                                                                     100%
                                                                                                                                   50%

                 * Residential component excludes land allocated for commercial development

1 As   of 31st of March 2018

                            Q1 2018 Investor Presentation                                                                                                            10
A Diversified Portfolio of Live Communities¹

                                     Entertainment       Residential       Upper Middle Secondary Homes                                                      Residential
                 Project                                                                                Residential Multi             Residential Multi
                                     retail complex    Single & Multi     Class Apartment Stand-Alone &                                                     Single Family
                 description                                                                              Family Units                  Family Units
                                                        Family Units        and duplexes      Chalets                                                           Units

                 Gross land area
                                             50,090          1,055,515*           237,594              441,000              130,158               35,293            263,678
                 Gross BUA                   13,254            628,381            164,637              103,241              126,564               22,865               99,638
                 Launched as a
                 pct of project          100%
                                          100%              83%
                                                            83%                100%    1.00         100%   1.00          50%   0.50          100%   1.00          10%    0.10
                 gross land area

                 Value sold as a                                                                                         59%
                                     100% Leasable          69%
                                                             69%               100%
                                                                                100%                86%
                                                                                                     86%                59%                 89%
                                                                                                                                            89%                  88%
                                                                                                                                                                 88%
                 pct of launched

                                      Operational     Delivery starting                       Delivery starting   Delivery starting   Delivery starting    Delivery starting
                 Delivery                                                       26%
                                      since 2Q15            2018                                    2018                2020                2020                 2021

                                                                                                                                            20%
                 Execution                99%
                                            99%             27%
                                                            27%                75%
                                                                               75%                  58%
                                                                                                     58%                16%
                                                                                                                        16%                 20%                   0%
                                                                                                                                                                  0%

                 * Residential component excludes land allocated for commercial development

1 As   of 31st of March 2018

                            Q1 2018 Investor Presentation                                                                                                                       11
Land Bank & Portfolio¹
A solid land bank providing strong sales visibility
                     Land Utilization                                                        Unlaunched & Raw Land                                                     Unlaunched & Raw Land
                                9%
                                                                                                                              26%                                                    22%
                                                                                                        22%

                   32%
                               14.3                                                                           5.9 mn                                                                     5.9 mn
                               mn sqm              59%                                                            sqm                                                           16%          sqm           62%

                                                                                                                  52%

                    Launched          Unlaunched         Raw                                    West Cairo       East Cairo       North Coast                     Residential      Retail & Commercial         Secondary Homes

    West Cairo                                                        Total Land Bank         East Cairo                                                      Total Land Bank        North Coast                Total Land Bank
                                                                           7.6mn sqm                                                                               5.0mn sqm                                        1,715k sqm
     1. Launched Projects        Land Area        2. Unlaunched Projects       Land Area       1. Launched Projects        Land Area     2. Unlaunched Projects       Land Area       1. Launched Projects             Land Area
    Allegria                     2,428k sqm      Westown Residential              48k sqm     Eastown Residences             674k sqm   Eastown Residences               52k sqm     Caesar                            441k sqm
    Forty West                      53k sqm      Westown Retail/ Commercial       72k sqm     Kattameya Plaza                126k sqm   Eastown Retail/ Commercial      127k sqm     Total Launched Projects           441k sqm
    Westown Residences             584k sqm      The Strip Phase II               52k sqm     Villette Residential           875k sqm   Villette Residential            181k sqm
    The Polygon                     55k sqm      October Plaza                    65k sqm     SODIC East                     264k sqm   Villette Retail/ Commercial     211k sqm      2. Raw Land                     Land Area
    The Strip                      106k sqm      Total Unlaunched Projects      237k sqm      Total Launched Projects      1,938k sqm   SODIC East Residential        2,044k sqm     New 300 acre plot                1,274k sqm
    The Courtyards                 238k sqm                                                                                             SODIC East Commercial           450k sqm     Total Raw Land                   1,274k sqm
    Westown Hub                     50k sqm                                                                                             Total Unlaunched Projects     3,065k sqm
    CASA                           294k sqm       3. Raw Land                  Land Area
    Beverly Hills                1,900k sqm      Al Yosr                       1,260k sqm
    One16                           35k sqm      Total Raw Land                1,260k sqm
    October Plaza                   65k sqm
    WMC                              4k sqm
    Others²                        260k sqm
    Total Launched Projects      6,072k sqm
1   As of 31st of March 2018     2   Includes Designopolis, BISC and Infrastructure assets      ³ Excluding Syria Land Bank (Fully Impaired)

                               Q1 2018 Investor Presentation                                                                                                                                                                12
Land Bank as at 31st of March 2018

              Al Yosr                                                                                                SODIC EAST 655 acre plot

 A presidential decree was issued                                                                                     Co-development agreement
  during 1Q17 outlining the areas                                        300 acres
                                                                        North Coast
                                                                                                                        signed in March 2016 with
  to be annexed to the city of                                             22%                                          Heliopolis housing
  Sheikh Zayed and Six of October,                                                                                     This plot is strategically located
  with Al Yosr plot falling within the                                                                 Other            in New Heliopolis off Cairo Suez
  extension.                                                                                         launched
                                                                                                      projects
                                                                                                                        Road
 The decree brings the plot closer                                                                     14%            Masterplan has been finalized
  to monetization commencing the
  process of rezoning and                                     5.8 mn sqm                                                by SASAKI and approved by
                                                                                                                        Heliopolis Housing Company
  increasing the allowable footprint                             of unlaunched land                                    Successfully launched phase 1
  for construction
                                                              c.EGP 90-95bn                                             selling out EGP 1.7 billion
                                                                     of future sales                300 acres
                                                 655 Acres New
                                                   Heliopolis                                      West Cairo (El
North Coast 300 acres plot                            43%                                             Yosr)              Remaining land
                                                                                                       21%
                                                                                                                      (SODIC West, Villette,
                                                                                                                    Eastown & October Plaza)
 Co-development agreement
  signed in March 2018
 This plot is strategically located 8                                                                               Continuing to monetize new
  km East of Caesar                                                                                                   phases of launched projects in
 Total sales estimated at EGP 15
                                                    300 acres West Cairo (El Yosr)    655 Acres New Heliopolis        East & West Cairo
  billion over 7 years                              300 acres North Coast             Other launched projects

                 Q1 2018 Investor Presentation
Replenishing inventory on the North Coast through 300 acre co-
development deal
                           Summary                                                      Key Commercial Highlights
   In March 2018 SODIC signed two revenue share agreements for
    two privately owned adjacent plots with a total land area of 1.3
    million square metres on the Mediterranean North Coast of Egypt.
                                                                               Over EGP     15bn               72% share of revenues
                                                                                 of potential sales                  to SODIC
   The plots are located on kilometre 94 of Alexandria – Marsa
    Matrouh road
   The 1.3 million square metre plot is expected to generate total
    sales of over EGP 15 billion over a period of seven years and                 7 years                         No minimum
    comes in line with SODIC’s growth strategy and expansion plans in    Sales visibility on the North Coast       guarantee
    second home markets.

                                                                                                                      300 acre plot

                                                             8 Kilometers
                                                             East of Caesar

              Q1 2018 Investor Presentation                                                                                            14
Operational &
Financial Performance

                        15
Performance Overview

SODIC has exhibited impressive growth, growing by every metric since 2011
Gross contracted sales                                               Cancellations                                                       Continuing to deliver on schedule

 EGP million                             5,918 5,872                 Pct of Gross Sales                                                  Units Delivered
                                                                                                                                                                                  1,151
                                                                      99.0%                                                                                               1,060
                                 4,641

                                                                                                                                                       684         721
                         3,238
                 2,730
                                                                                                                                                             491
                                                                                                                                                424                                        399
         1,819
                                                       1,212 1,310                                                                        259
   741                                                                       11.0% 9.0%                                                                                                          167
                                                                                           5.0% 5.0% 4.6% 2.6% 4.8% 4.3%

  2011 2012 2013 2014 2015 2016 2017 1Q17 1Q18                        2011 2012 2013 2014 2015 2016 2017 1Q17 1Q18                       2011 2012 2013 2014 2015 2016 2017 1Q17 1Q18

Receivables growing in line with sales growth                                                                                            Unrecognized revenues provide strong earnings
                                                                     Collections continued to increase
with delinquencies at a low rate of 4%                                                                                                   visibility
EGP million                                          11,22311,331    EGP million                                   3,843                 Client                                                16,180
                                                                                                                                         deposits                                        15,497
                                             9,751
                                                                                                           3,127                         EGP million                            12,619
                                    6,886                                                          2,390
                                                                                     2,044 2,049                                                                        8,914
                           4,859
                                                                             1,292                                                                              6,097
                  3,604                                                                                                          1,081
                                                                                                                           896                          4,294
         2,452                                                         750                                                                3,332 3,528
 1,742

 2011 2012 2013 2014 2015 2016 2017 1Q18                              2011 2012 2013 2014 2015 2016 2017 1Q17 1Q18                        2011 2012 2013 2014 2015 2016 2017 1Q18

                          Q1 2018 Investor Presentation                                                                                                                                                16
Project Profitability

  Launched projects estimated to return a blended gross profit margin of 38%

                                                                    Sellable Inventory Profitability1                                                            Percentage Sold (Value)
                                          Total Launched Development                                          Sold                   Projects’
 Project (EGP Mn)                                                                                                                                                  Sold                             Unsold
                                                Inventory       Cost2                                    Inventory                      GPM³
Allegria                                                      4,440                       2,742                   4,380                      38%                                      99%
Kattameya Plaza                                                 655                         444                     655                      32%                                     100%
Forty West (I-II)                                             1,009                         796                     898                      21%                                      89%
WTR (I-X)                                                     2,248                       1,175                   2,243                      48%                                     100%
Polygon                                                       1,427                         931                   1,342                      35%                                      94%
The Strip                                                       353                         202                     353                      43%                                     100%
One16                                                           498                         236                     441                      53%                                      89%
October Plaza                                                   902                         564                     528                      37%                                      59%
ETR (I-XI)                                                    5,964                       3,685                   5,723                      38%                                      96%
The Courtyards (I-VI)                                         1,707                         853                   1,704                      50%                                     100%
Villette (I - V) + Sky Condos                                 8,353                       5,398                   5,797                      35%                                      69%
Caesar                                                       1,760                        1,068                   1,505                     39%                                       86%
SODIC East                                                   1,409                          861                   1,236                     39%                                       88%
Total                                                       30,725                       18,957                  26,806                     38%

  1 All
      figures in EGP unless otherwise stated 2 Excludes the investment cost of leasable assets 3 Expected gross profit margin, excluding NPV adjustments and estimated based on projects budget and reflects the estimated
  profitability for the entire launched project (delivered and undelivered units) GPM illustration here excludes capitalized interest expense
  SODIC East sales presented net of 30% revenue share of Heliopolis Housing

                           Q1 2018 Investor Presentation                                                                                                                                                                17
Delivery and Execution1
SODIC delivered 167 units in 1Q18
                                                                                                Delivery                                                           Execution
                                                               Number of               Delivered              Percent               Delivery        Delivery   Investment      Percent
     Project
                                                                   Units                   Units             Delivered            Start Date        End Date      Cost²      Completion3
 Allegria                                                                 1,249                 1,230                   98%                 2010        2017         2,742           94%
 Kattameya Plaza                                                            488                   469                   96%                 2013        2016           444          100%
 Forty West (I-II)                                                          221                   120                   54%                 2012        2018           796           82%
 WT Residences (I-X)                                                      1,391                 1374                    99%                 2013        2017         1,175           99%
 The Polygon                                                                303                   256                   84%                 2013        2018           931           90%
 The Strip                                                                   84                    56                   67%                 2012        2017           202          100%
 WT Hub                                                                      48                    45                   94%                 2014        2015            89           99%
 ET Residences (I-XII)                                                    2,575                 1234                    48%                 2016        2020         3,685           50%
 The Courtyards (I-VI)                                                      776                   199                   26%                 2017        2019           853           75%
 Villette (I-V) + Sky Condos                                              1,499                     -                      -                2018        2011         5,398           27%
 One16                                                                      125                     -                      -                2020        2020           236           20%
 October Plaza                                                              207                     -                      -                2020        2020           564           16%
 CASA⁴                                                                       63                    62                   98%                 2013        2015            NA          100%
 Caesar                                                                     353                     -                      -                2018        2019         1,068           58%
 SODIC East                                                                 387                     -                      -                2020        2021         1,465            0%

 Total                                                                    9,769                 5,045                  52%              From 2010 to 2021           19,650           NA

         9,769 launched units under development (52% delivered) with an investment cost of c. EGP 19.6 billion
 1 Allfigures as of 31st of March 2018.
 2 Investment cost represents the expected construction and land costs. Figures are in EGP million.
 3 Percentage completion represents CAPEX paid. With the exception of Eastown, Villette and Allegria, all projects land cost has been fully paid.
 4 CASA is a jointly owned project (80% Palm Hills subsidiary & 20% SODIC). SODIC owns 63 apartments

                       Q1 2018 Investor Presentation                                                                                                                                  18
1Q18— Operating Performance Highlights

                   Sales driven by non residential products while deliveries remain on schedule

   SODIC recorded EGP 1.2 billion of net contracted sales up 9% on the same period                                   Cancellations
    last year. With limited release of residential inventory, sales for the quarter were
    mainly driven by our non-residential developments which represented 78% of the
                                                                                               EGP  1.2  bn           remained low

    net contracted sales for the period. The quarter witnessed the launch of Eastown
                                                                                              contracted sales          4.3%
    District New Cairo “EDNC” marking the monetization of this prime located
    commercial development in the heart of New Cairo. With construction
    commencing this year, the project is slated for completion in 2021 and is expected          Delinquency
    to be the cornerstone of SODIC’s recurring income portfolio in the future.                 remained low            EGP 1.1    bn
   Cancellations remained low at 4.3% in line with historical averages and slightly
    below 4.8% recorded during the same period last year.                                          4%                 Collected +20%

   Net cash collections increased by 20% to reach EGP 1.1 billion during the first
    quarter 2018, while delinquencies remained low at 4%.
   The company continues its strong commitment to timely deliveries, with 167 units
    delivered on schedule across our projects during the quarter including debut
                                                                                           Delivered first units in
                                                                                                  Caesar
                                                                                                                      161 units
    deliveries in Caesar. This compares to 399 units that were delivered on schedule                                    Delivered
    during the same period last year. Deliveries during 2017 were exceptionally front
    loaded towards the first quarter in which we delivered circa 35% of the units for
    the year.

              Q1 2018 Investor Presentation                                                                                            19
1Q18— Financial Performance Highlights

                        Exceptionally strong profitability with net profit margins reaching 41%

•     SODIC recorded revenues of EGP 512 million during the quarter, this compares to
      EGP 703 million recorded for the same period last year. Revenues during 2017
      were exceptionally front loaded towards the first quarter in which we delivered
                                                                                                 52%                EGP 266     mn
                                                                                            Gross profit margin       Gross profit
      circa 35% of the units for the year.
•     Gross profit was up 26% to reach EGP 266 million, delivering a solid gross profit
      margin of 52%. Our projects recorded exceptionally high profitability during the
      quarter with almost all of our projects achieving a gross margin of over 40%. In
      addition gross profit was buoyed by one off sale of land for sub-development in
      SODIC West. Excluding the effect of this deal gross profit margin from our
                                                                                                 38%                EGP 193     mn
                                                                                          Operating profit margin   Operating profit
      developments was a solid 43%. Operating profits came in at EGP 193 million
      reflecting a healthy operating margin of 38%, representing a marked improvement
      of 712 bps over same period last year.
•     Net profit amounted to EGP 212 million during the quarter recording a net profit
      margin of 41%. Our bottom line continues to be positively impacted by the high
      interest rate environment. Excluding the impact of net interest income our net
                                                                                                 41%                EGP 212     mn
                                                                                             net profit margin        net profit
      profit margin comes in at a solid 28%.

                Q1 2018 Investor Presentation                                                                                          20
1Q18— Financial Performance Highlights

                          Solid balance sheet prudently managed to support growth
   Total cash and cash equivalents amounted to EGP 3.9 billion, reflecting the
    strength of our balance sheet supporting our land bank expansion plans and our                1
                                                                                              EGP bn
                                                                                                               0.3x debt to equity
    projects execution.                                                                   Cash earmarked for
                                                                                                                leverage remains low
   Bank leverage remains low with bank debt to equity at 0.3x. As of 31st of March             growth
    2018 our bank debts outstanding were EGP 1.5 billion reflecting a 45% utilization
    rate for our EGP 3.3 billion facilities.
   Land liabilities continued to decline to EGP 560 million as we remain committed to
    the timely repayment of NUCA installment.                                               EGP 3.9   bn            EGP 11   bn
   Receivables of EGP 11 billion provide strong cash flow visibility, with delinquency     Cash balances           receivables
    rates remaining low at 4%.
   Client deposits represents the backlog of unrecognized revenues from contracted
    sales of units that are to be delivered over the coming three to four years. Our
    client deposits as of the end of the quarter were EGP 16 billion providing strong
    revenue visibility for the company.                                                      EGP 16  bn                4%
   Net cash flows from operations were up 82% to reach EGP 241 million                    Revenue backlog       Delinquency rate

              Q1 2018 Investor Presentation                                                                                            21
Summary Financial Results
Summary Consolidated Income Statement                                             Selected Consolidated Balance Sheet Items
EGP in mn                                             1Q18          1Q17          EGP in mn                                               Mar-18     Dec-17
Total Revenue                                            512           703        Assets
Cost of Goods Sold                                       (246)         (445)      Total Assets                                              25,484     24,671
Gross Profit                                             266           259        Work In Process                                            8,354      8,011
Gross Profit Margin                                          52%           37%    Long Term & Short Term Net Trade and Notes Receivable     11,331     11,223
Operating Profit                                         193           215        Cash and cash equivalent                                   3,897      3,596
Operating Profit Margin                                      38%           31%
Net Profit Before Tax                                    282           281        Liabilities & Shareholder Equity
Taxes                                                        (70)          (69)   Bank Credit Facilities & Long Term Loans                   1,535      1,497
Minority Interest                                             (0)           (1)   Advances from Customers                                   16,180     15,497
Net Profit After Tax and Minority Interest               212           211        Total Equity                                               4,655      4,443
Net Profit Margin                                            41%           30%

                      Q1 2018 Investor Presentation                                                                                                       22
Appendices

   Q1 2018 Investor Presentation   23
I. Project Portfolio

      Q1 2018 Investor Presentation   24
Project Portfolio
Project Description
Westown’s first residential neighborhood, offering townhouses, twin-houses, city villas, signature lofts, duplexes and apartments. The development brings
together themed gardens, parks, and open green spaces, set in a secure, gated community designed around the Pedestrian Green Spine.

Launch date                                                          2011     Receivables outstanding (EGP mn)                                      205
Gross Land Area (sqm)                                             584,331     Development cost for launched¹ (EGP mn)                             1,175
Total BUA (sqm)                                                   344,664     Capex remaining for launched                                           1%
Launched BUA (sqm)                                                344,664     Delivery start                                                       2014
Launched inventory value (EGP mn)                                    2,248    Delivery end                                                         2017
Sold inventory (EGP mn)                                              2,243    Value of units delivered (EGP mn)                                    2219
Number of units launched                                             1,391    Number of units delivered                                            1374
1Including land cost.
All figures as of 31st of March 2018.

                          Q1 2018 Investor Presentation                                                                                               25
Project Portfolio
Project Description
The Courtyards is SODIC West’s newest residential neighbourhood. Designed by SODIC’s very own in-house design team, offering a variety of
apartments and duplexes

    Launch date                                                   2014    Receivables outstanding (EGP mn)                                   861
    Gross Land Area (sqm)                                      237,594    Development cost for launched¹ (EGP mn)                            853
    Total BUA (sqm)                                            164,637    Capex remaining for launched                                      25%
    Launched BUA (sqm)                                         164,637    Delivery start                                                    2017
    Launched inventory value (EGP mn)                            1,707    Delivery end²                                                     2019
    Sold inventory (EGP mn)                                      1,704    Value of units delivered (EGP mn)                                 381
    Number of units launched                                       776    Number of units delivered                                          199

1 Including land cost.
All figures as of 31st of March 2018.
²for launched phases.

                          Q1 2018 Investor Presentation                                                                                        26
Project Portfolio
Project Description
SODIC’s flagship project, Allegria, is an award-winning residential development offering high-end single-family units surrounding an 18-hole Greg
Norman golf course.

    Launch date                                                     2008    Receivables outstanding (EGP mn)                                   268
    Gross Land Area (sqm)                                      2,428,283    Development cost for launched¹ (EGP mn)                          2,742
    Total BUA (sqm)                                              575,325    Capex remaining for launched                                        6%
    Launched BUA (sqm)                                           575,325    Delivery start                                                    2010
    Launched inventory value (EGP mn)                              4,440    Delivery end                                                      2017
    Sold inventory (EGP mn)                                        4,380    Value of units delivered (EGP mn)                                4,186
    Number of units launched                                       1,249    Number of units delivered                                        1,230

1Including land cost.
All figures as of 31st of March 2018.

                          Q1 2018 Investor Presentation                                                                                             27
Project Portfolio
Project Description
Forty West is an exclusive development with a cutting-edge design by acclaimed Boston-based Machado and Silvetti Architect. It is the coming together of a
vibrant community with spectacular fully-finished apartments, offices, boutiques, world-class restaurants, open spaces and a luxurious hotel.

    Launch date                                                          2009     Receivables outstanding (EGP mn)                                       307
    Gross Land Area (sqm)                                              52,934     Development cost for launched¹ (EGP mn)                                466
    Total BUA (sqm)                                                    72,220     Capex remaining for launched                                           18%
    Launched BUA (sqm)                                                 72,220     Delivery start                                                        2012
    Launched inventory value (EGP mn)                                   1,009     Delivery end                                                          2018
    Sold inventory (EGP mn)                                               898     Value of units delivered (EGP mn)                                      514
    Number of units launched                                              221     Number of units delivered                                              120

1Including land cost.
All figures as of 31st of March 2018.

                          Q1 2018 Investor Presentation                                                                                                      28
Project Portfolio
Project Description
The Polygon consists of eleven ‘Class A’ office buildings designed by multiple-award-winning UK-based architects Wilkinson-Eyre. The Polygon offers
over 90,000 sqm of state-of-the-art office space, designed to accommodate both small and large businesses.

    Launch date                                                    2009    Receivables outstanding (EGP mn)                                  599
    Gross Land Area (sqm)                                        54,727    Development cost for launched¹ (EGP mn)                           931
    Total BUA (sqm)                                              85,124    Capex remaining for launched                                      10%
    Launched BUA (sqm)                                           85,124    Delivery start                                                   2013
    Launched inventory value (EGP mn)                              1,427   Delivery end³                                                    2016
    Sold inventory (EGP mn)                                        1342    Value of units delivered (EGP mn)                                 723
    Number of units launched                                           -   Number of units delivered                                         256
    Gross Leasable Area² (sqm)                                     4,252   Estimated Lease Income² (EGP mn)                                   14
1Including land cost.
All figures as of 31st of March 2018.
      ³for launched phases.

                          Q1 2018 Investor Presentation                                                                                         29
Project Portfolio
Project Description
Designed by leading Egyptian architectural firm Hassan Abu Seda, the Hub consists of five multi-leveled buildings around one central piazza,
creating a truly unique retail space. Westown Hub is home to some of Cairo’s finest restaurants and cafés.

    Launch date                                                     2012     Development cost for launched¹ (EGP mn)                             89
    Gross Land Area (sqm)                                          50,090    Capex remaining for launched                                       1%
    Total BUA (sqm)                                                13,254    Delivery start                                                    2014
    Launched BUA (sqm)                                             13,254    Delivery end                                                      2015
    Gross Leasable Area² (sqm)                                     13,254    Estimated Lease Income² (EGP mn)                                    34
1Including land cost.
All figures as of 31st of March 2018.
²Estimated lease income in 2022.

                          Q1 2018 Investor Presentation                                                                                          30
Project Portfolio
Project Description
With stores arranged side by side and linked by a walkway, The Strip offers mixed retail shops and personal services over seven zones in a relaxed
and contemporary environment.

    Launch date                                                     2010    Receivables outstanding (EGP mn)                                         7
    Gross Land Area (sqm)                                        157,872    Development cost for launched¹ (EGP mn)                            202
    Total BUA (sqm)                                               35,004    Capex remaining for launched                                        0%
    Launched BUA (sqm)                                            22,161    Delivery start                                                    2012
    Launched inventory value (EGP mn)                                353    Delivery end³                                                     2015
    Sold inventory (EGP mn)                                          353    Value of units delivered (EGP mn)                                  353
    Number of units launched                                          56    Number of units delivered                                            56
    Gross Leasable Area² (sqm)                                      4,187   Estimated Lease Income² (EGP mn)                                     12
1Including land cost.
All figures as of 31st of March 2018.
²Estimated lease income in 2022.        ³for launched phases.

                          Q1 2018 Investor Presentation                                                                                              31
Project Portfolio
One16
A circlet of 16 contemporary buildings, the project is one of two remaining multifamily developments in SODIC West. This premium offering
provides homeowners privacy and comfort within the heart of SODIC West

    Launch date                                                   2017    Receivables outstanding (EGP mn)                                   323
    Gross Land Area (sqm)                                        35,293   Development cost for launched¹ (EGP mn)                            236
    Total BUA (sqm)                                              22,865   Capex remaining for launched                                      80%
    Launched BUA (sqm)                                           22,865   Delivery start                                                    2020
    Launched inventory value (EGP mn)                              498    Delivery end²                                                     2020
    Sold inventory (EGP mn)                                        441    Value of units delivered (EGP mn)                                    0
    Number of units launched                                       125    Number of units delivered                                            0

1Including land cost.
²of launched phases
All figures as of 31st of March 2018.

                          Q1 2018 Investor Presentation                                                                                        32
Project Portfolio
October Plaza
Our first apartment offering in West Cairo outside of SODIC West,

    Launch date                                                      2017    Receivables outstanding (EGP mn)           409
    Gross Land Area (sqm)                                       130,158      Development cost for launched¹ (EGP mn)    564
    Total BUA (sqm)                                             126,564      Capex remaining for launched              84%
    Launched BUA (sqm)                                              62,764   Delivery start                            2020
    Launched inventory value (EGP mn)                                 902    Delivery end²                             2020
    Sold inventory (EGP mn)                                           528    Value of units delivered (EGP mn)            0
    Number of units launched                                          186    Number of units delivered                    0

1Including land cost.
²of launched phases
All figures as of 31st of March 2018.

                          Q1 2018 Investor Presentation                                                                       33
Project Portfolio
Project Description
Kattameya Plaza is comprised of 474 apartments and is strategically located in the heart of New Cairo, five minutes away from Eastown and the
American University in Cairo. Kattameya Plaza is designed and master-planned by ArchGroup — the distinguished firm that designed the Grosvenor
House in Dubai — and landscaped by Evergreen.

    Launch date                                                  2010    Receivables outstanding (EGP mn)                                 99
    Gross Land Area (sqm)                                      126,000   Development cost for launched¹ (EGP mn)                         444
    Total BUA (sqm)                                            123,733   Capex remaining for launched                                     0%
    Launched BUA (sqm)                                         123,733   Delivery start                                                 2012
    Launched inventory value (EGP mn)                             655    Delivery end                                                   2015
    Sold inventory (EGP mn)                                       655    Value of units delivered (EGP mn)                               619
    Number of units launched                                      488    Number of units delivered                                       469

1Including land cost.
All figures as of 31st of March 2018.

                          Q1 2018 Investor Presentation                                                                                     34
Project Portfolio
Project Description
Strategically located on Road 90, adjacent to the American University in Cairo and just a short drive from Cairo International Airport, Eastown will
provide premium residential, retail and office space all set in a secure, gated community.

    Launch date                                                      2013     Receivables outstanding (EGP mn)                                  2,435
    Gross Land Area (sqm)                                         852,758     Development cost for launched¹ (EGP mn)                           3,685
    Total BUA (sqm)                                               675,207     Capex remaining for launched                                       50%
    Launched BUA (sqm)                                            570,008     Delivery start                                                    2016
    Launched inventory value (EGP mn)                                5,964    Delivery end²                                                     2017
    Sold inventory (EGP mn)                                          5,723    Value of units delivered (EGP mn)                                 2,082
    Number of units launched                                         2,575    Number of units delivered                                         1,234

1 Including land cost.
All figures as of 31st of March 2018.
²for launched phases.

                          Q1 2018 Investor Presentation                                                                                                35
Project Portfolio
Project Description
Villette marks SODIC’s first time to offer single family units in New Cairo. The development offers a range of standalone villas, townhouses and
twin-houses with unique architectural designs. The project was master planned by the renowned SWA Group and launched in a record 6 months
from acquisition of the 301 acre plot. 2Q17 marked the launch of SKY CONDOS, our multiple family offering in Villette

    Launch date                                                    2014     Receivables outstanding (EGP mn)                                3,150
    Gross Land Area (sqm)                                      1,266,215    Development cost for launched¹ (EGP mn)                         5,398
    Total BUA (sqm)                                              628,381    Capex remaining for launched                                     73%
    Launched BUA (sqm)                                           432,651    Delivery start                                                  2018
    Launched inventory value (EGP mn)                              8,353    Delivery end²                                                   2019
    Sold inventory (EGP mn)                                        5,797    Value of units delivered (EGP mn)                                      -
    Number of units launched                                       1,499    Number of units delivered                                              -

1 Including land cost.
All figures as of 31st of March 2018.
²for launched phases.

                          Q1 2018 Investor Presentation                                                                                            36
Project Portfolio
Project Description
Caesar marks SODIC’s first secondary home development on the Mediterranean North Coast. The project offers a community of homes built on
terraced levels with unobstructed sea views and a beachfront of over 1km, Caesar will offer one of the most exclusive residential communities on
the North Coast

    Launch date                                                    2015    Receivables outstanding (EGP mn)                                  800
    Gross Land Area (sqm)                                       441,000    Development cost for launched¹ (EGP mn)                         1,068
    Total BUA (sqm)                                             103,241    Capex remaining for launched                                      42%
    Launched BUA (sqm)                                          103,241    Delivery start                                                   2018
    Launched inventory value (EGP mn)                              1,760   Delivery end²                                                    2019
    Sold inventory (EGP mn)                                        1,505   Value of units delivered (EGP mn)                                       -
    Number of units launched                                        353    Number of units delivered                                               -

1 Including land cost.
All figures as of 31st of March 2018
²for launched phase.

                          Q1 2018 Investor Presentation                                                                                            37
II. Additional Information

        Q1 2018 Investor Presentation   38
Board of Directors
   Hani Sarie El Din
   Chairman (Non-Executive)
   Dr. Hani Sarie El Din is a prominent legal practitioner in Egypt and the Middle East with over 25 years of experience in corporate, banking, and capital market. In addition to his private professional career, Dr.
   Sarie El Din has served in executive and non-executive public positions including, Chairman of Capital Market Authority, Board Member of the Central Bank of Egypt, General Authority for Investment, and
   the first official US-Egyptian Fund to promote investment in Egypt. Dr. Sarie El Din holds a Ph.D. in International Business Law from Queen Mary and Westfield College, University of London.

   Magued Sherif
   Board Member (Executive)
   Magued Sherif is SODIC’s Managing Director, appointed September 2015. Sherif enjoys almost 30 years of professional experience, including several leadership positions with prominent companies in the
   industry. Past positions include Egypt Country Head and Properties Chief Executive Officer at Majid Al Futtaim Properties Egypt as well as General Manager and Senior Vice President at Palm Hills
   Developments for a 10-year period starting from the company’s inception. More recently Sherif was Chief Executive Officer and Managing Director at Hyde Park Properties for Development from 2012-14.
   Sherif was most recently the co-founder and managing director of The Venturers LLC in Orlando, Florida, as well as the co-founder of AA Investments LLC, Orlando. Earlier in his career Sherif worked as the
   Head of Privatization Unit at Arthur Anderson, in addition to spending 7 years at Bechtel Egypt and Bechtel Limited. He began his career as a Site Engineer with Orascom Construction Industries in 1986.
   Sherif holds a Bachelor’s degree in Architecture from Cairo University, Egypt, in addition to an MBA from the American University in Cairo.

   Walid Abanumay
   Board Member (Non-Executive)
   Dr. Walid Sulaiman Abanamay has been the Managing Director of Al-Mareefa Al –Saudia Company since 1997. Prior to this, he served in the Treasury and Corporate Banking Departments of SAMBA Financial
   Group. Dr. Abanamay has been serving the Board of Directors of several listed companies, private equity and equity funds including, Joussour, Beltone Financial, UGIC, Mena Capital Fund and GB Auto. He
   also served in the Boards of SAFCO, Nasr City, Al-Inmaia, Al Raya Holdings and Al Masafi. Dr. Abanamay holds a B.Sc. degree in Computer Science from Southern Illinois University, a Master’s degree in
   Management Information Systems from the University of Illinois and a Ph.D. in Business Administration majoring in Finance from Southern Illinois University.

   Sabah Barakat
   Board Member (Non-Executive)
   Sabah Taysir Barakat is the Vice President of Olayan Financing Company, based in Riyadh, and is responsible for overseeing a portfolio of wholly owned and joint venture companies in the fields of energy,
   construction, and real estate development. From 2003-2008, Barakat was Vice President of Bechtel Group. From 1998-2003, Barakat was the Regional Vice President of National Grid Plc. From 1986-1998,
   Sabah worked for the Costain Group Plc., a leading international contracting firm, specializing in infrastructure, energy, and building construction. Barakat graduated in 1986 with an Engineering degree from
   London University as a Chartered Engineer, and a member of the UK’s Institute of Civil Engineers. Barakat holds an MBA in Engineering Management and is a member of the UK’s Chartered Institute of
   Management.

   Yezan Haddadin
   Board Member (Non-Executive)
   Yezan Haddadin is currently the Chief Investment Officer of the Capital Bank Group, a financial services group with operations in Jordan, Iraq and UAE. Haddadin has over 15 years of investment and
   investment banking experience. In 2013, he co-founded HCH Partners, a private equity investment company focused on East Africa, where he currently serves on the Board and is a member of the investment
   committee. Prior to that, Haddadin acted as Advisor at Ripplewood Holdings LLC., following his post of Managing Director at Perella Weinberg in New York from 2007 to 2012 and his work with JPMorgan's
   M&A group in New York from 2000 to 2007. Haddadin received a Bachelor of Science degree from Georgetown's School of Foreign Service and a Juris Doctor from Northwestern University School of Law. He
   was admitted to the New York bar and is a licensed pilot. Throughout his career, Haddadin has developed an extensive experience across a range of industries and advised on approximately $100 billion in
   M&A transactions in North America, Latin America, Europe, the Middle East and Africa.

              Q1 2016 Investor Presentation                                                                                                                                                                        39
Board of Directors

   Omar Salah Bassiouny
   Board Member (Non-Executive)
   Omar S. Bassiouny is the co-founder and Executive Partner of Matouk Bassiouny and the head of the company’s Corporate and M&A group. Bassiouny has a strong track record in the areas of corporate law
   and mergers and acquisitions, most recently representing Emirates NBD on the acquisition of BNP Paribas S.A.E. and representing Abraaj in the acquisition of Al Mokhtabar in 2012. Bassiouny is a prominent
   member of several chambers of commerce and business associations including the American Chamber of Commerce, the Egyptian Malaysian Business Council and the British Egyptian Business Association.
   Bassiouny’s achievements have been recognized with numerous awards such as Leading Lawyer in Mergers & Acquisitions in Egypt in 2014 by IFLR 1000 and leading lawyer in Egypt in 2013 by Chambers &
   Partners. Bassiouny received a B.A in Public and International Law from the American University Cairo and a Licence en Droit from the faculty of Law at Cairo University.

   Omar Elhamawy
   Board Member (Executive)
   Omar Elhamawy is the Chief Financial Officer of SODIC, as well as, the Managing Director of SODIC’s fully owned company SOREAL for Real Estate Investment. Since joining SODIC in May 2013, Elhamawy has
   overseen the successful completion of SODIC’s EGP 1 billion capital increase, as well as, the signing of several medium term facilities. Prior to joining SODIC, Elhamawy spent eight years as a Director within
   Beltone’s Investment Banking Division, where he highly focused on the real estate sector through his close involvement in both M&A and Capital Market transactions. His most notable transactions include
   advising Mena for Touristic and Real Estate Investments on a capital increase, advising Beltone Private Equity on the tender offer and acquisition of Nasr City Housing and Development, and advising Amer
   Group on its IPO, among many others. Elhamawy holds a bachelor’s degree of Business Administration from the American University in Cairo and is a CFA Charterholder.

   Hisham El-Khazindar
   Board Member (Non-Executive)
   Hisham El-Khazindar is the Managing Director and Co-Founder of Qalaa Holdings. El-Khazindar also serves on the board of several leading regional companies including El Sewedy Electric and Magrabi Retail,
   and on the Advisory Committee of the Emerging Markets Private Equity Association. He also serves as a Trustee of the American University in Cairo, a Trustee of the Cairo Children’s Cancer Hospital, and as a
   Fellow of the Aspen Institute’s Middle East Leadership Initiative. Prior to co-founding Qalaa Holdings in 2004, El-Khazindar held the position of Executive Director of Investment Banking at EFG Hermes
   where he advised on landmark M&A and IPO transactions in the region. During the period 1999-2000, El-Khazindar was on secondment to Goldman Sachs in London. El-Khazindar holds a BA in Economics
   from the American University in Cairo and an MBA from Harvard Business School.

   Hussein Choucri
   Board Member (Non-Executive)
   Hussein Choucri is the Chairman and Managing Director of HC Securities & Investment. Choucri is also a Board Member of the Holding Company for Tourism and Cinema (HOTAC), Edita Food Industries,
   Integrated Diagnostics Holdings (IDH), and the Egyptian British Business Council (EBBC). In addition, Choucri is the Chairman of the Board of Trustees of Shefaa Charity Foundation. Choucri held the position
   of Managing Director at Morgan Stanley, New York from 1987 to 1993, before serving as an Advisory Director until December 2007 where he was responsible for business activities in the emerging markets
   of the Middle East and the Indian Subcontinent as well as taking part in a number of privatization projects in Turkey, India and Argentina. Prior to joining Morgan Stanley, Choucri worked with Abu Dhabi
   Investment Company and participated in arranging several Euroloan and Eurobond financings for sovereigns and private sector companies. Choucri received a Management Diploma from the American
   University in Cairo and a B.A. from the Faculty of Commerce, Ain Shams University.

              Q1 2018 Investor Presentation                                                                                                                                                                     40
Management

  Magued Sherif
  Managing Director
  Magued Sherif is SODIC’s Managing Director, appointed September 2015. Sherif enjoys almost 30 years of professional experience, including several leadership
  positions with prominent companies in the industry. Past positions include Egypt Country Head and Properties Chief Executive Officer at Majid Al Futtaim Properties
  Egypt as well as General Manager and Senior Vice President at Palm Hills Developments for a 10-year period starting from the company’s inception. More recently
  Sherif was Chief Executive Officer and Managing Director at Hyde Park Properties for Development from 2012-14. Sherif was most recently the co-founder and
  managing director of The Venturers LLC in Orlando, Florida, as well as the co-founder of AA Investments LLC, Orlando. Earlier in his career Sherif worked as the Head
  of Privatization Unit at Arthur Anderson, in addition to spending 7 years at Bechtel Egypt and Bechtel Limited. He began his career as a Site Engineer with Orascom
  Construction Industries in 1986. Sherif holds a Bachelor’s degree in Architecture from Cairo University, Egypt, in addition to an MBA from the American University in
  Cairo.

  Omar Elhamawy
  Chief Financial Officer
  Omar Elhamawy is the Chief Financial Officer of SODIC, as well as, the Managing Director of SODIC’s fully owned company SOREAL for Real Estate Investment. Since
  joining SODIC in May 2013, Elhamawy has overseen the successful completion of SODIC’s EGP 1 billion capital increase, as well as, the signing of several medium term
  facilities. Prior to joining SODIC, Elhamawy spent eight years as a Director within Beltone’s Investment Banking Division, where he highly focused on the real estate
  sector through his close involvement in both M&A and Capital Market transactions. His most notable transactions include advising Mena for Touristic and Real Estate
  Investments on a capital increase, advising Beltone Private Equity on the tender offer and acquisition of Nasr City Housing and Development, and advising Amer
  Group on its IPO, among many others. Elhamawy holds a bachelor’s degree of Business Administration from the American University in Cairo and is a CFA
  Charterholder.

  Ahmed Labib
  Chief Commercial Officer
  Ahmed Labib is the Chief Commercial Officer of SODIC. Labib is responsible for setting and achieving company-wide commercial objectives, as well as, setting and
  overseeing the execution of SODIC’s marketing strategy. In his capacity, Labib collaborates with the development team, heavily contributing to the creation,
  positioning and pricing of SODIC’s products. Labib joined SODIC in 2007 as a Sales Manager whose success quickly earned him the title of Sales Director and later
  Executive Sales Director. His previous experience includes working in the Marketing Department at McDonalds and spending seven years in the Marketing and
  Consumer Relations Platform at British American Tobacco (BAT) where he held various positions, the last of which was Multiple Category Brand Manager. Alongside
  his professional experience Labib co-founded several successful ventures in the entertainment industry. Labib holds a bachelor degree in Psychology with a minor in
  Mass Communication from the American University in Cairo.

           Q1 2018 Investor Presentation                                                                                                                            41
Management
  Ayman Amer
  Executive Director Supply Chain
  With more than 16 years of experience in the real estate, project management & construction in Egypt & North Africa, Amer is responsible for setting & monitoring
  SODIC’s procurement strategy among all functions as well as expanding the land bank & find new opportunities for company’s growth & development. Amer Joined
  SODIC in 2010 as Procurement Manager; prior to this he spent 4 years as Procurement & Cost Control Manager at Turner International Middle East (TIME) following
  his post as Senior Procurement Engineer at Orascom Construction Industries (OCI). Amer holds a diploma in the project management from the American University in
  Cairo, Certified International Procurement Professional & a Bachelor degree of Architectural Engineering from Cairo University.
  Ramy Raafat
  Executive Director of Development
  With over 18 years of experience in the entire real estate development and investment lifecycle. In his capacity, he is responsible for SODIC’s real estate portfolio
  with the vision and mission to revitalize existing communities and revolutionize new profitable destinations. Since Raafat joined SODIC in 2015, he successfully
  introduced new innovative offerings and added 2.7 million sq.m to the company’s land bank.
  Prior to joining SODIC, Raafat worked with Palm Hills Developments, where he managed the company’s entire real estate portfolio with full P&L accountability as
  Portfolio Management Director. He also worked for GSSG Holding, YMM Investments-Dubai & MEINHARDT Consulting Engineers and Project Managers –Dubai and
  successfully managed international flagship developments such as Burj Dubai Development, the Dubai Mall and the Address Hotel, JAL twin Towers and Agha Khan
  Center in Dubai. Ramy holds BSc in Civil Engineering, Master's degree in Real Estate Development and Management from Heriot Watt University in the UK and
  acquired the Project Management Professional “PMP” certification from PMI in USA.
  Hisham Salah
  Chief Information Officer
  Hisham Salah is the Chief Information Officer of SODIC. Salah has 25 years of professional experience in the areas of information technology and corporate systems
  including founding the first in-house residential fiber-to-the-home project in Egypt in 2009. Salah’s previous experience includes serving for eight years as Vice
  President of Technology at Palm Hills Developments, in addition to spending seven years with Microsoft as the Head of Communications sector and later, the Head of
  Government sector in Egypt, where he was responsible for sales and key strategic initiatives supporting the company’s growth. Before joining Microsoft, he
  contributed in establishing the Commercial International Life Insurance Company (CIL) as Head of Information Technology. Salah began his career in Commercial
  International Bank (CIB), where he held various positions in Information Technology and Operations. Salah holds a Master of Science degree in Information
  Technology from Middlesex University in London.
  Yasser Elsaid
  Executive Director of Technical Department
  With 26 years of experience in the real estate, project management & construction in Egypt and Gulf area, Eng Yasser is managing and overlooking the portfolio’s
  Management team , control team and design team. Yasser joined SODIC in 2010 as Senior Projects Manager. He previously spent four years as a Project Manager
  in Gulf area ( Dubai ) based Nakheel Co. as well as having held the post of Construction Manager at Hill International Project Management Firm. In addition Yasser
  has spent nine years with ABB SUSA working in USAID projects all over Egypt and started his career working with Arab Contractors. Yasser holds a Bachelor degree
  of Civil Engineering from Mansoura University on 1991.

           Q1 2018 Investor Presentation                                                                                                                               42
Awards

With a history of almost two decades of successful operations in Egypt , SODIC is a globally recognized
developer
                           EUROMONEY                                                          CITYSCAPE
                                                                                      • 2013: Best Residential Project – Built (Allegria)
                  • 2016: Best Office Business Developer in Egypt (The Polygon)       • 2013: Best Commercial and Mixed Use Project – Future (The
                  • 2014: Best Office Business Developer in Egypt (The Polygon)         Polygon)
                  • 2013: Best Office Business Developer in Egypt (The Polygon)       • 2015: Best Mixed Use Project (SODIC West)
                                                                                      • 2017: Best Commercial Project (The Polygon)
                                                                                      • 2017: Best Community, Culture & Tourism Project Westown
                                                                                        Medical Clinics
                           EUROMONEY                                              MINISTRY OF TRADE & INDUSTRY
                  •   2016: Best Residential Developer – Egypt                        • 2010: Enterprise Innovation Award for registering all of its
                  •   2011: Best Developer Overall – Egypt                              trademarks with the Internal Trade Development Authority, an
                  •   2011: Best Mixed Use Developer – MENA                             affiliate of the Ministry of Trade and Industry
                  •   2011: Best Residential Developer – MENA

                         BUSINESS TODAY                                                     EUROMONEY

                  • 2011: “Best Company by BT100 Rank Change” at the BT100            • 2010: Best Developer Overall – Egypt
                    Crystal Awards                                                    • 2010: Best Mixed Use Developer – MENA

                CNBC PROPERTY AWARDS                                                        EUROMONEY
                  • CNBC Arabian Property 2009: Best Architecture (Allegria)          • 2007: Award of Merit (Allegria) from the American Society
                  • CNBC Property 2008: Best Development in Egypt with a 5-Star         of Landscape Architects (ASLA) for its master plan,
                    Award (Allegria)                                                    developed by world-renowned master planners EDAW
                  • CNBC Property 2008: Best Golf Course Development with a 4-
                    Star Award (Allegria)

             Q1 2018 Investor Presentation                                                                                                          43
Diverse Shareholding Structure

Shareholders by Region                                  Shareholders by Type                                      Shareholders Breakdown
(as at 31st of March 2018)                             (as at 31st of March 2018)                                 (as at 31st of March 2018)

                             2%
                     8%                                                                                                                                13%
               1%                                                                               20%
                                     27%

                                                                                                                                                              11%

                                                                                                                           48%

                                                                                                                                                                  9%
        41%
                                                                                                                                                             8%
                                     21%                                  80%
                                                                                                                                                       4%
                                                                                                                                               3% 4%

                                                                                                                                Olayan Saudi Investment Company
                                                                             Individuals   Institutional
                                                                                                                                Abanumay Family
              Egypt                 Europe                                                                                      Ripplewood Advisors L.L.C.
              Middle East           Africa
              North America         Others              Share Information                                                       RIMCO
                                                        Number of outstanding shares: 342.3 million                             EFG Hermes Holding
                                                                                                                                Norges Bank
                                                        Symbol:                                Index Inclusion:
                                                        EGX: OCDI.CA                           EGX 30                           Juma Al Majid Group
                                                        Reuters: OCDI>CA                       EGX 100                          Others

                       Q1 2018 Investor Presentation                                                                                                                   44
Disclaimer
This Presentation is intended for information purposes only and does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to
subscribe for or purchase securities of any kind and neither this document nor anything contained herein shall form the basis of any contract or commitment from any party
whatsoever. Information, including but not limited to financial information, in this presentation should not be considered as a recommendation in relation to holding, purchasing
or selling shares, securities or any other instruments in or, in entities related to, SODIC or any other company.

This Presentation contains important and privileged information on SODIC which is solely owned by SODIC and may not be relied on or used by any person whosoever for any
purpose, and therefore shall be kept secret and confidential by any receiving party.

This document includes forward-looking statements. The words "believe", "anticipate", "expect", "intend", "aim", "plan", "predict", "continue", "assume", "positioned",
"may", "will", "should", "shall", "risk" and other similar expressions that are predictions of or indicate future events and future trends identify forward-looking
statements. These forward-looking statements include all matters that are not historical facts. In particular, the statements regarding strategy and other future events or
prospects are forward-looking statements. Recipients of this document should not place undue reliance on forward-looking statements because they involve known and
unknown risks, uncertainties and other factors that are in many cases beyond the control of the Company. By their nature, forward-looking statements & projections involve
risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of
future performance and the Company's actual results of operations, financial condition and liquidity, and the development of the industry in which the Company operates may
differ materially from those made in or suggested by the forward-looking statements contained in this document. The cautionary statements set forth above should be
considered in connection with any subsequent written or oral forward-looking statements that the Company, or persons acting on its behalf, may issue. Various factors could
cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including worldwide economic trends, the
economic and political climate of Egypt, the Middle East and changes in business strategy and various other factors.

All information contained in this presentation, including but not limited to information relating to the Egyptian real estate and financial markets, are compiled from sources
known to be reliable and/or publicly available data reasonably assumed to be accurate (the “Source Data”). The Source Data may contain errors and/or inaccuracies; SODIC
provides no warranties or guarantees of any kind, expressed or implied, and accepts no responsibility whatsoever, with regard to the accuracy, completeness or correctness of
the Source Data used in the Presentation.

This disclaimer is to be considered an integral part of the Presentation and SODIC’s liability in respect of this Presentation and is to be governed by Egyptian law under the
jurisdiction of Egyptian courts.

                     Q1 2018 Investor Presentation                                                                                                                               45
SODIC Investor Relations
   Contact Information

            Heba Makhlouf
    hmakhlouf@SODIC.com
       Tel: +202 3827 0300

                 IR Website
              ir.SODIC.com

        Corporate Website
               SODIC.com

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