Altdorf, November 16th, 2020

9M 2020 Results

Analyst & Investor Presentation

Table of Contents

  1. Executive Summary
  2. 9M 2020 - Key Highlights
  3. 9M 2020 - Operational Highlights by Destination
  4. 9M 2020 - Financials
  5. Outlook 2020
  6. Appendix

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

2

1. Executive Summary 9M 2020

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

3

Executive Summary: resilient performance, despite the challenges brought by Covid-19

CHF 260.4mn

Revenues

  • Compared to CHF 325.2mn in 9M 2019, a decline of 19.9%. Impacted by the closure and limited occupancy of our hotels segment.
  • Q3 2020; revenues were down 5.8% to CHF 96.4 vs. CHF 102.3mn in Q3 2019.

CHF 40.5mn

Adj. EBITDA

  • Down 29.3% in 9M 2020 vs. CHF 57.3 in 9M 2019.
  • Q3 2020; Adj. EBITDA decreased by 15.5% to CHF 13.3mn vs. CHF 15.7mn in Q3 2019.

CHF 197.8mn

Cash and bank balances

  • Cash on hand increased by 6.3% from CHF 186.0mn in FY 2019, signaling a strong liquidity position.

CHF (26.6)mn

Net losses

  • Net loss of CHF 26.6mn in 9M 2020 vs. a loss of CHF 7.9mn in 9M 2019.
  • Q3 2020; losses reached CHF 7.4mn vs. CHF 6.4mn in Q3 2019.

Debt Restructure

Financing

  • Working with the Egyptian banks to restructure the current debt securing more flexible terms.

* For presentation purposes, figures are rounded to the nearest decimal place. Percentages, percent changes and absolute variances, however, are calculated based on the exact figures as shown in the financial statements.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

4

2. 9M 2020 - Key Highlights

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

5

9M 2020

Key Segment Financials & KPIs

Net Real Estate Sales (CHF mn)*

381.3

294.4

22.8%

9M 2019

9M 2020

Real Estate Financials (CHF mn)

Real Estate Deferred Revenue Balance (CHF mn)

535.8

428.0

25.2%

9M 2019

9M 2020

Hotel Financials (CHF mn)

Real Estate Receivables Portfolio (CHF mn)

704.2

566.9

24.2%

9M 2019

9M 2020

Town Management Financials (CHF mn)

6.3%

166.9

10.4%

149.5 2.9%

122.0

60.7%

89.1%

36.3

34.0

12.5%

48.947.5

9M 2019

9M 2020

Revenues

Adj. EBITDA

32.1

48.0

3.5

9M 2019

9M 2020

Revenues GOP

(1.6)

(1.8)

9M 2019

9M 2020

Revenues

Adj. EBITDA

* 9M 2020 figures includes CHF 37.5 million of commercial sales.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

6

9M 2020

Y-o-Y Revenue Analysis

Revenues by Segment 9M 2019 (CHFmn)

11%

36.3

Hotels

122.0

CHF 325.2mn

Real Estate

51%

38%

Town Mgt.

166.9

Revenues by Segment 9M 2020 (CHFmn)

11%

13%

28.9

48.0

18%

34.0

Hotels

CHF 260.4mn

Real Estate

Town Mgt.

58%

Land

149.5

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

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9M 2020

Y-o-Y Revenue Analysis

Revenues by Destination 9M 2019 (CHFmn)

3%

1%

1%

8%

El Gouna

Hawana Salalah

7%

O West

UAE

6%

47%

Jebal Sifah

CHF 325.2mn

Lustica Bay

9%

Taba Heights

Others*

Makadi Heights

19%

  • Others in 9M 2019 included, Oberoi Zahra, Fayoum & Corporate.

Revenues by Destination 9M 2020 (CHFmn)

1%

1%

2%

3%

5%

El Gouna

3%

Hawana Salalah

O West

15%

UAE

CHF 260.4mn

Jebal Sifah

57%

Lustica Bay

Taba Heights

13%

Others*

Makadi Heights

  • Others in 9M 2020 Fayoum & Corporate.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

8

3. 9M 2020 - Operational Highlights by Destination

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

9

Destinations

Portfolio

A leading fully integrated developer with more than 30 years of experience

101.0 mn m2

of land bank across 7 countries

67.8 mn m2 remaining land bank (67.1%)

9 operating destinations with 33 Hotels

  • 7,176 rooms
  • Operating Destination

1 Egypt:

  • El Gouna
  • Taba Heights
  • Makadi Heights
  • Fayoum
  • O-West

2 Oman:

  • Hawana Salalah
  • Jebal Sifah
  • As Sodah Island
  • City Walk
  1. UAE:
    • The Cove
  2. Switzerland:
    • Andermatt
  3. Montenegro:
    • Luštica Bay
  4. United Kingdom:
    - Eco - Bos
  5. Morocco:
    - Chbika

6

4

5

7

13

2

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

10

El Gouna, Egypt

Update 9M 2020

  • Continuing to accelerate construction activity, keeping our real estate delivery schedule on track, delivering 254 units by the end of 2020.
  • Finalizing the construction of a bank branch, an entertainment hub and a mega supermarket, all to be delivered in Q4 2020.
  • In August 2020; added new inventory in "Ancient Sands Villas" for a total value of CHF 27.7mn.
  • In November 2020; we launched "Fanadir Sea Front" real estate project with a total inventory of CHF 79.5mn.
  • Hotels are still operating at a 50% capacity as per the government instructions. We had 958 rooms opened during the reported period which then increased to 1,346 rooms in October 2020.
  • Completed the renovation of the first phase of Rihanna Inn Hotel (84 rooms).
  • Occupancy rate for "El Gouna Homes" in (July-Aug) reached 70% & 79%, respectively.
  • Successfully hosted the 4th edition of El Gouna Film Festival in Oct. 2020 in our new Plaza Hall.

11

El Gouna, Egypt

KPIs

9M 2020 9M 2019 % Chg

Hotels

El Gouna, Egypt

Revenues per segment 9M 2020 (CHF mn)

-3.2%

147.3

Total number of rooms*

2,692

2,607

3.3%

Occ. for total rooms (%)

27%

83%

(67.5%)

152.1

28.1

4.9

TRevPAR (CHF)

28

79

(64.6%)

GOP (CHFmn)

1.9

26.1

(92.7%)

-1.1%27.8

GOP PAR(CHF)

3

38

(92.1%)

Real Estate

Net sales (CHFmn)

112.5

98.1

14.7%

No of contracted units

187

194

(3.6%)

Avg. selling price (CHF/m2)

3,337

2,923

14.2%

69.4

+35.6%

54.6-62.5%

94.1

20.5

*The number of rooms increased due to opening of Casa Cook Hotel (100 rooms) In November 2019.

Hotels Real Estate Destination Management Land

12

Hawana Salalah, Oman

Update 9M 2020

  • Construction progress and real estate deliveries are continuing at a steady speed across multiple projects.
  • More handovers of "Forest Island" units took place in October after Salalah airport was opened on October 1st.
  • Planning to deliver 213 units in 2020, already delivered 103 units.
  • Marina-siderestaurants are receiving more footfall from Salalah-based residents, primarily during weekends, and excluding periods where the curfew was implemented.
  • Oct 9th: The Supreme Committee of Oman announced a 2 weeks curfew & closure of beach access till further notice throughout the Sultanate. Events continue to be prohibited in Oman.
  • Hotel occupancy to date is limited, depending mainly on the Salalah-based market, with minimal interest from Muscat residents.
  • Juweira Boutique Hotel re-opened its doors on Oct. 4th, while Al Fanar Hotel has temporarily closed its operations. While Rotana Salalah is still opened.

13

Hawana Salalah, Oman

KPIs

9M 2020

9M 2019

% Chg

Hotels

Total number of rooms

1,081

1,081

-

Occ. for total rooms (%)

26%

55%

(52.7%)

TRevPAR (CHF)

46

103

(55.3%)

GOP (CHFmn)

1.3

10.5

(87.6%)

GOP PAR (CHF)

4

36

(88.9%)

Real Estate

Net sales (CHFmn)

10.4

26.1

(60.2%)

No. of contracted units

63

162

(61.1%)

Avg. selling price (CHF/m2)

2,130

1,991

7.0%

Hawana Salalah, Oman

Revenues per segment 9M 2020 (CHF mn)

-44.6%

61.4

1.1

34.0

30.0 +54.5%

1.7

-37.7%

18.7

30.3-55.1%

13.6

9M 2019

9M 2020

Hotels

Real Estate

Destination Management

14

Luštica Bay, Montenegro

Update 9M 2020

  • The Chedi Lustica was opened again on June 15th. Unfortunately, July has seen a rise in the rate of new infections and further restrictions in travel across the region which impacted the summer season operation.
  • The Chedi Hotel was able to close August and September with 48% & 40% occupancy rates, respectively and a positive GOP for both months.
  • We have sales reservations of CHF 9.1mn. Outstanding reservations are taking longer to be converted into contracts, due to social distancing and travel ban procedures imposed related to Covid-19.
  • Construction in Lustica is progressing with plans to deliver 45 units in 2020, already 33 units were delivered in the Centrale and the Marina Village areas.
  • Finishing works on the main marina is completed and the main design for the golf course has been completed.
  • Upgraded the main beach and opened a new beach club.

15

Luštica Bay, Montenegro

KPIs

9M 2020

9M 2019

% Chg

Hotels

Total number of rooms

111

111

-

Occ. for total rooms (%)

18%

52%

(65.4%)

TRevPAR (CHF)

58

174

(66.7%)

GOP (CHFmn)

(1.0)

0.1

(1,100%)

GOP PAR (CHF)

(47)

3

(1,668%)

Real Estate

Net sales (CHFmn)

8.8

25.2

(65.1%)

No of contracted units

13

51

(74.5%)

Avg. selling price (CHF/m2)

5,283

5,486

(3.7%)

Luštica Bay, Montenegro

Revenues per segment 9M 2020 (CHF mn)

-42.0%

24.5

14.2

1.2

18.9

-

1.2

-37.6%11.8

4.4-72.7%

1.2

9M 2019

9M 2020

Hotels

Real Estate

Destination Management

16

O West, Egypt

Update 9M 2020

  • Speeding up construction pace - 133 villa skeleton keys are already being visible out of the planned 445 villa keys of phase 1.
  • Planning to start the construction of the three schools in Q4 2020, subject to the approval of the related authorities.
  • Finalizing the development of O West Club's masterplan.
  • In September 2020; we added CHF 29mn of new inventory in "Whyt" and "Tulwa" projects.
  • 336 new memberships were added to O West Club (membership fee is CHF 8,6k), bringing the total no. of memberships in the club to 1,271, securing a steady recurring income flow once it is opened.
  • During 9M 2020, we increased the average selling prices by 15.8% to CHF 1,434 per sqm.

17

O West, Egypt

KPIs

9M 2020

9M 2019

% Chg

Real Estate

Net sales (CHFmn)*

126.8

204.9

(38.1%)

No. of contracted units

336

762

(55.9%)

Avg. selling price (CHF/m2)

1,434

1,238

15.8%

  • The value of contracted units in 9M 2020 includes CHF 31.1mn from Commercial sales (schools development agreements).

O West, Egypt

Revenues per segment 9M 2020 (CHF mn)

+40.4%

38.9

27.7

24.0

27.7 -46.2%

14.9

9M 2019

9M 2020

Real Estate

Land

18

4. 9M 2020 - Financials

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

19

9M 2020

Income Statement - Reported

(CHFmn)

Q3 2020

Q3 2019

9M 2020

9M 2019

Revenue

96.4

102.3

1

260.4

325.2

Cost of sales

(74.6)

(79.1)

(195.1)

(240.8)

Gross profit

21.8

23.2

1

65.3

84.4

Gross profit margin, (%)

22.6%

22.7%

2

25.1%

25.9%

Investment income

1.3

2.6

4.1

7.9

Administrative expenses

(9.8)

(10.1)

3

(28.9)

(35.0)

Adj. EBITDA

13.3

15.7

40.5

57.3

Adj. EBITDA margin, (%)

13.8%

15.4%

16.0%

17.6%

Other gains & losses

0.9

2.4

4

(4.2)

10.3

Share of associates losses

(2.2)

(2.9)

5

(5.4)

(8.6)

EBITDA

12.0

15.2

30.9

59.0

Depreciation

(7.1)

(7.7)

(21.5)

(22.6)

Finance costs

(9.0)

(9.6)

6

(26.9)

(30.4)

Income tax expense

(3.3)

(4.3)

7

(9.1)

(13.9)

Net losses for the period

(7.4)

(6.4)

(26.6)

(7.9)

Attributed as follows:

ODH shareholders

(8.3)

(7.9)

(25.4)

(13.9)

Non-controlling interest

0.9

1.5

8

(1.2)

6.0

EPS (CHF)

(0.21)

(0.20)

(0.63)

(0.35)

Notes

  1. Revenues and gross profit decreased, due to the lockdown measures restrictions that were implemented by the governments and their implications on our business operations.
  2. Successfully maintained healthy gross profit margin levels, as a result of our quick implementations of the cost savings initiatives and the pickup in real estate and land segments during 9M 2020.
  3. Decrease in G&A expenses is mainly due to the absence of the previous CEO contingent compensation and the cost savings initiatives implemented in response to the Covid-19 pandemic.
  4. Other gains & losses for 9M 2020 mainly includes:
    I. FX gains of CHF 0.7mn vs. FX gains of CHF 10.2mn in 9M 2019.
  1. Provisions of CHF 5.7mn in 9M 2020 vs. CHF 1.7mn in 9M 2019.
  1. Share of associates losses decreased due to the decrease in losses of ASA, OHC & increase in the profitability of Red Sea for Construction Co.
  2. Decrease in finance cost is mainly due to decrease in interest rates in Egypt in addition to the decrease in Libor rates.
  3. Income tax expense decreased due to the decrease in the profitability of the subsidiaries.
  4. Decrease in non-controlling interest was due to the increased loss contribution from the subsidiaries where we own minority stakes.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

20

9M 2020

Balance Sheet

(CHFmn)

30.09.20

31.12.19

Property, plant and equipment

794.7

814.4

Inventory

1

545.1

516.4

Receivables

2

165.6

154.7

Cash and bank balances

3

197.8

186.0

Investments in associates

4

53.9

29.3

Other assets

128.2

134.2

Non-current assets held for sale

5.5

5.8

Total assets

1,890.8

1,840.8

Borrowings

5

435.5

429.9

Payables

6

405.4

388.4

Provisions

31.4

33.6

Other liabilities

7

495.5

421.6

Liabilities related to assets held for sale

0.5

0.6

Total liabilities

1,368.3

1,274.1

Non-controlling interests

158.4

160.3

Equity to ODH shareholders

364.1

406.4

Total liabilities and equity

1,890.8

1,840.8

Notes

  1. Inventory mainly includes a total amount of CHF 405.7mn for the land held for development (O West) to co-develop an integrated community project.
  2. Receivables increased due to the increase in real estate revenue across all destinations.
  3. Cash & bank balances increased mainly due to increase in real estate cash collection.
  4. Investment in associates increased due to the increase of our capital share in ASA. ODH participated in ASA's capital increase, contributing
    CHF 34.3mn to maintain its 49% stake.
  5. Borrowings mainly includes:
    1. CHF 14.9mn - Net proceeds.
    1. CHF 9.7mn - Deferred interest payments.

(-) CHF 4.9mn - Debt settlement.

(-) CHF 14.1mn - FX.

  1. Payables include accruals to the Egyptian government for O West project.
  2. Other liabilities increased due to the increase in customers advance payments related to the real estate sales, in addition, to the value of the non-cash(In-kind BUA) portion due to the Egyptian government for O West project.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

21

Financing Profile

* Current Maturity Profile & Balance

9M 2020 Balance: CHF 435.4mn

Cost of Debt: 6.4%

147

63

89

47

59

14

16

CF

2020

2021

2022

2023

2024

2025 -

2032

*Balance reflects the 6 months postponement of debt

repayments, as per the Governments directive.

Planned Maturity Profile & Balance

Planned Balance: CHF 487.5mn

220

Current Debt by Currency

EGP

CHF 11% 23%

GBP

1%

USD

OMR35%

21%

AED

EUR

4%

5%

Planned Debt by Currency

CHF EGP

EGP

USD

EUR

AED

OMR

GBP

CHF

EGP

USD

Current Debt by Country

23%

1%48%

3%

4%

21%

Planned Debt by Country

20%

Egypt

Oman

UAE

Montenegro

UK

Switzerland

Egypt

Oman

164

GBP 1%

20% 20%

EUR

AED

1%

3%

UAE

Montenegro

14

32

47

2

9

CF

2020

2021

2022

2023

2024

2025 -

2032

OMR

USD

17%

18%

EUR

AED19% 3%

OMR

GBP

CHF

4%54%

18%

UK

Switzerland

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

22

9M 2020

Cash Flow Statement

Notes

(CHF mn)

9M 2020

9M 2019

Cash from operations

1

32.1

41.7

1

Cash flow from operations decreased as a result of the lockdown

Interest paid

2

(5.2)

(19.4)

measures restrictions imposed by the governments and their effect on

our hospitality segment.

Taxes paid

3

(8.5)

(23.0)

2

Interest paid decreased as a result of the deferred interest payments

Operating Cash Flow

18.4

(0.7)

initiative - instituted by the governments where we operate.

Payments for PP&E

4

(21.8)

(39.1)

3

Taxes paid in 9M 2019 includes CHF 12.9mn one-time tax settlement

Other items

5

6.3

28.4

payment for the Egyptian subsidiary.

Investing Cash Flow

(15.5)

(10.7)

4

Payments for PP&E include construction activities in Gouna, O West,

Change in borrowings

6

10.6

(27.2)

UK and Oman.

Non-controlling interests shares in changes of

3.9

1.9

Other items in 9M 2019 included CHF 16.7mn as proceeds from the

equity for consolidated subsidiaries

5

Other Items

0.3

1.4

sale of Tamweel which is not present in 2020.

Financing Cash Flow

14.8

(23.9)

6

Change in borrowings mainly includes:

Net change in cash/equivalents

17.8

(35.3)

(-) Debt repayment of CHF 6.2mn.

(+) Debt proceeds of CHF 16.8mn.

Cash & bank balances beginning of period

186.0

138.3

Effects of FX changes

(5.9)

8.5

Cash & bank balances end of period*

197.8

111.5

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

23

5. Outlook 2020

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

24

Outlook FY 2020

ODH:

  • Looking into the fourth quarter, visibility remains limited as demand may still be impacted by the ongoing fluid circumstances resulting from the pandemic. Accordingly, ODH still stands with its earlier position and abstains from providing full-year guidance on its 2020 results; however, we remain diligent in providing updates of the evolving situation during all our quarterly results calls and market communications as needed.
  • Working with the Egyptian banks to restructure the current debt securing more flexible terms.

Hotels:

  • Tourism business continues to be profoundly impacted by Covid-19. While we understand that the full recovery from pandemic will take time, the current pick up in local travel reinforces our view that when people feel safe, travelling demand returns quickly. We are continuing to implement several cost saving initiatives across our hotels and will continue to increase marketing efforts to create local demand for our destinations until international travel recovers.
  • The travel ban in Oman was lifted on October 1st, 2020; yet as Covid-19 cases in the country has started to increase the Sultanate of Oman has re- entered into night-time lockdown (from 8:00pm to 5:00am) effective October 9th, 2020 until October 24th, 2020.
  • Total hotel portfolio includes 7,150 rooms, of which 35% (2,485 rooms) were open as of the 9M 2020.

Real Estate:

  • Continuing to accelerate our real estate construction pace across all our projects, planning to meet our contractual delivery dates.
  • We continue to witness pent-up demand for our real estate products across El Gouna, O West and Makadi Heights in Egypt and Jebal Sifah in Oman, showing a positive trend uptake.
  • Real estate cash collections is on track.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

25

6. Appendix

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

26

9M 2020

Revenue Analysis

Revenue

EBITDA

Adj. EBITDA1

(CHF mn)

9M 2020

9M 2019

in %

9M 2020

9M 2019

in %

9M 2020

9M 2019

in %

Hotels

48.0

122.0

(60.7%)

(4.9)

35.5

(113.8%)

(1.9)

38.0

(105.0%)

Real Estate

149.5

166.9

(10.4%)

44.3

48.2

(8.1%)

47.5

48.9

(2.9%)

Land

28.9

-

100.0%

20.3

1.1

1,745.5%

20.3

1.4

1,350.0%

Town Management2

34.0

36.3

(6.3%)

(2.3)

(1.9)

21.1%

(1.8)

(1.6)

12.5%

Corporate & Unallocated Items

-

-

-

(26.5)

(23.9)

10.9%

(23.6)

(29.4)

(19.7%)

ODH Group

260.4

325.2

(19.9%)

30.9

59.0

(47.6%)

40.5

57.3

(29.3%)

  1. Adjusted EBITDA: EBITDA adjusted for Non-cash items (which includes provisions & impairments, other gains and losses, FX gains & share in associates).
  2. Town Management include revenues from Utilities & services, Hospital, Marina, Golf, Rentals, Educational services, Limousine, & other town amenities.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

27

9M 2020

Real Estate Sales KPIs

Country

Destination

Egypt

El Gouna*

Fayoum

Makadi Heights

O West**

Oman

Jebel Sifah

Hawana Salalah

Montenegro

Luštica Bay

ODH Group

Net value of contracted units

(CHF mn)

9M 2020

9M 2019

in %

112.5

98.1

14.7%

0.9

1.5

(40.0%)

20.2

18.8

7.4%

126.8

204.9

(38.1%)

14.8

6.7

120.9%

10.4

26.1

(60.2%)

8.8

25.2

(65.1%)

294.4

381.3

(22.8%)

Number of contracted units

9M 2020

9M 2019

in %

187

194

(3.6%)

5

11

(54.5%)

132

151

(12.6%)

336

762

(55.9%)

86

33

160.6%

63

162

(61.1%)

13

51

(74.5%)

822

1,364

(39.7%)

Average selling price

(CHF/m2)

9M 2020

9M 2019

in %

3,337

2,923

14.2%

797

796

0.1%

1,002

652

53.7%

1,434

1,238

15.8%

2,173

2,359

(7.9%)

2,130

1,991

7.0%

5,283

5,486

(3.7%)

* The value of contracted units includes CHF 6.4mn from El Gouna land sale.

**The value of contracted units includes CHF 31.1mn from Commercial sales (schools development agreements).

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

28

9M 2020

Hotels KPIs

Total number of

Number of

Occ. for total

rooms

operating rooms

number of rooms

ARR (CHF)

TRevPAR (CHF)

GOP PAR (CHF)

(%)

Destination

9M 2020

9M 2019

9M 2020

9M 2019

9M 2020

9M 2019

9M 2020

9M 2019

9M 2020

9M 2019

9M 2020

9M 2019

El Gouna1

2,692

2,607

958

2,607

27

83

72

67

28

79

3

38

Taba Heights2

2,349

2,365

412

2,365

13

48

28

36

6

25

(6)

1

Fayoum

53

53

25

53

14

29

77

62

18

31

1

8

Hawana Salalah

1,081

1,081

1,017

1,081

26

55

118

128

46

103

4

36

Jebal Sifah

68

67

68

67

25

40

106

124

51

89

(8)

7

UAE

472

475

472

475

37

65

117

136

70

147

11

48

Montenegro

111

111

111

111

18

52

145

197

58

174

(47)

3

ODH Group

6,826

6,759

3,063

6,759

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

29

Q3 2020

Revenue Analysis

Revenue

EBITDA

Adj. EBITDA1

(CHF mn)

Q3 20

Q3 19

in %

Q3 20

Q3 19

in %

Q3 20

Q3 19

in %

Hotels

10.7

38.4

(72.1%)

(5.4)

9.2

(158.7%)

(3.9)

10.3

(137.9%)

Real Estate

59.7

50.1

19.2%

16.2

15.4

5.2%

17.9

15.7

14.0%

Land

14.8

-

100.0%

8.6

0.1

8,500.0%

8.8

0.2

4,300.0%

Town Management2

11.2

13.8

(18.8%)

(1.8)

(0.04)

4,400%

(1.4)

(0.1)

1,300.0%

Corporate & Unallocated Items

-

-

-

(5.6)

(9.5)

(41.1%)

(8.1)

(10.4)

(22.1%)

ODH Group

96.4

102.3

(5.8%)

12.0

15.2

(20.8%)

13.3

15.7

(15.5%)

  1. Adjusted EBITDA: EBITDA adjusted for Non-cash items (which includes provisions & impairments, other gains and losses, FX gains & share in associates).
  2. Town Management include revenues from Utilities & services, Hospital, Marina, Golf, Rentals, Educational services, Limousine, & other town amenities.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

30

Q3 2020

Real Estate Sales KPIs

Net value of contracted units

Number of contracted units

Average selling price

(CHF mn)

(CHF/m2)

Country

Destination

Q3 2020

Q3 2019

in %

Q3 2020

Q3 2019

in %

Q3 2020

Q3 2019

in %

Egypt

El Gouna*

37.9

30.8

23.1%

56

43

30.2%

3,221

3,385

(4.8%)

Fayoum

0.2

-

100.0%

2

-

100.0%

974

-

100.0%

Makadi Heights

13.1

5.8

125.9%

86

43

100.0%

996

980

1.6%

O West

34.3

44.3

(22.6%)

123

172

(28.5%)

1,448

1,276

13.5%

Oman

Jebel Sifah

9.9

0.1

9,800%

54

3

1,700%

2,149

906

137.3%

Hawana Salalah

2.0

4.2

(52.4%)

14

26

(46.2%)

2,049

1,928

6.2%

Montenegro

Luštica Bay

5.2

11.6

(55.2%)

9

19

(52.6%)

5,378

5,926

(9.2%)

ODH Group

102.6

96.8

6.0%

344

306

12.4%

  • The value of contracted units in Q3 2020 includes CHF 6.4mn from El Gouna land sale.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

31

Q3 2020

Hotels KPIs

Total number of

Number of

Occ. for total

rooms

operating rooms

number of rooms

ARR (CHF)

TRevPAR (CHF)

GOP PAR (CHF)

(%)

Destination

Q3 2020

Q3 2019

Q3 2020

Q3 2019

Q3 2020

Q3 2019

Q3 2020

Q3 2019

Q3 2020

Q3 2019

Q3 2020

Q3 2019

El Gouna1

2,692

2,607

958

2,607

19

81

89

68

21

78

1

34

Taba Heights2

2,349

2,365

412

2,365

10

65

34

40

5

36

(5)

5

Fayoum

53

53

25

53

10

31

39

40

7

27

(7)

2

Hawana Salalah

1,081

1,081

1,017

1,081

6

35

43

145

4

70

(23)

13

Jebal Sifah

68

67

68

67

35

27

87

108

58

59

(6)

(17)

UAE

472

475

472

475

36

55

149

119

73

107

8

15

Montenegro

111

111

111

111

33

78

147

226

100

286

(2)

100

ODH Group

6,826

6,759

3,063

6,759

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

32

Deferred Revenue Balance Schedule

(CHF mn)

Total deferred

Country

Destination

revenue balance

2020

2021

2022

2023

2024

Egypt

El Gouna

164.0

45.6

77.0

41.4

-

-

Fayoum

1.6

0.7

0.2

0.4

0.3

-

Makadi Heights

47.7

10.0

15.9

15.9

5.9

-

O West

279.6

20.6

78.1

69.8

62.4

48.7

Total Egypt

492.9

76.9

171.2

127.5

68.6

48.7

Oman

Jebel Sifah

15.7

1.4

12.0

2.3

-

-

Hawana Salalah

17.7

5.2

12.2

0.3

-

-

Total Oman

33.4

6.6

24.2

2.6

-

-

Montenegro

Luštica Bay

9.5

1.3

8.2

-

-

-

ODH Group

535.8

84.8

203.6

130.1

68.6

48.7

  • Figures are rounded to the nearest decimal point.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

33

Covid-19 Effect on the Group

In 2020

Covid-19 progression:

ODH:

  • January and February 2020, all the Group's business segments were operating normally. Only in early March, when Covid-19 repercussions started to impact the company's results, as global governments took actions to encourage social distancing.
  • The deterioration accelerated towards the end of March, as the pandemic spread further and the number of countries adopting restrictive measures increased, of which travel restrictions and flight suspensions around the world have been implemented.

Egypt:

  • On March 16; The government suspended all flights into and out of the country's airports starting March 19, 2020.
  • On March 19; The government instructed the closure of hotels in the touristic destinations and imposed a partial curfew effective March 25, 2020 to date.
  • On May 3; The government has officially allowed the reopening of hotels and resorts starting 15 May 2020 for domestic tourism only, after being closed since March 19. Hotels will be permitted to operate at a maximum capacity of 25% until 1 June 2020, then at 50% by June 2, 2020.
  • On June 23: The government allowed the re-opening of cafes, restaurants & places of worship with 25% capacity & and lifted the curfew that was imposed.
  • On July 1: The government has officially allowed the reopening its airports for International flights.
  • On July 22: The government allowed restaurants & cafes to increase their occupancy capacity to 50% from the previous 25%.
  • On September 21; The government has allowed wedding ceremonies and cultural events to be held in open-air venues.
  • On September 21; Passengers travelling to Egypt must be in possession of negative PCR test certificate for (Covid-19), maximum 72 hours (before flight departure time). International Passengers who are travelling directly to (Sharm El Sheikh/Taba/Hurghada /Marsa Alam) airports who failed to submit a valid PCR test, shall undergo the PCR test upon arrival to those airports with charge of USD 30.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

34

Covid-19 Effect on the Group

In 2020

Oman:

  • On March 1: The Government suspended commercial flights to and from Italy from Salalah Airport.
  • On March 18: Oman closed all tourist sites and banned gatherings in public places including beaches and parks.
  • On March 24: The Government suspend international and domestic flights from March 29, 2020.
  • On March 27: We closed all our hotels in Jebal Sifah and Hawana Salalah as a result of Covid-19 pandamic spread.
  • Governorate of Dhofar is in lockdown (since end of June) until October 1st (no access from other governorates).
  • On July 22: Following a new spike in Covid-19 cases, Oman has decided to impose new restrictions in the country that will come into force on 25 July, in addition to implementing a two-week lockdown that will overlap the Islamic feast of Eid Al Adha, between 25 July and 8 August 8.
  • On August 14: The nightly curfew ban on unnecessary movement between 9:00pm to 05:00am would be lifted from, August 15, 2020.
  • Hotels generally have started opening starting July 1st , but no pools, beach access or restaurants are open. Hotel guests are only able to have in-room dining.
  • On September 7: The Omani government has announced the resumption of international flights effective October 1st, 2020.
  • On October 9: The Omani government as Covid-19 cases in the country has started to increase the Sultanate of Oman has re-entered into night-time lockdown (from 8:00pm to 5:00am) effective October 9th, 2020 until October 24th, 2020. The curfew applies to both the public and to commercial outlets. Beaches will also be closed till further notice.

Montenegro:

  • On March 16: The Government has instructed closure of all hotels.
  • On April 29: The Government announced that it will reopen all hotels as of May 18, 2020.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

35

Covid-19 Effect on the Group

In 2020

Andermatt:

  • On March 13: The SkiArena Andermatt-Sedrun was forced to stop operating immediately.
  • On March 16: The Federal Council decided that all restaurants, bars, swimming pools and fitness centers in all of Switzerland must remain closed as of March 17, 2020.
  • On March 18: Radisson Blu Reussen Hotel was closed.
  • On March 22: The Chedi Andermatt hotel was closed.
  • On May 8: Reopening of hotels and rental apartments on 8 May. Operations to follow a strict Covid-19 security concept to optimally protect guests and employees, with promising occupancy rates.
  • On May 11: Excellent start to the golf season.
  • On October 23: Andermatt's flagship mountain, the Gemsstock, has opened for the winter season starting from October 31, 2020. In the first phase, skiing will be possible on the sunny slope; the other lifts and slopes including the valley run will be successively opened.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

36

Taba Heights, Egypt

Update 9M 2020

  • Taba Heights continues to struggle. Borders with Jordan remain closed since March 2020.
  • In Q3 2020, hotels revenues reached CHF 0.6mn up from CHF 0.05mn in Q2 2020.
  • Occupancy rates reached 10% in Q3 2020 from 1% in Q2 2020.
  • During Q3 2020 two hotels were opened, the hotels have a total of 929 rooms, with only 412 rooms opened, as per the 50% capacity the government has in place. On October 9, we closed one hotel, to date we have only one hotel opened with 252 rooms.
  • Our short-medium term strategy for Taba Heights remains focused on developing and promoting existing and potential business opportunities with local operators.

37

Taba Heights, Egypt

KPIs

9M 2020

9M 2019

% Chg

Hotels

Total number of rooms*

2,349

2,365

(0.7%)

Occ. for total rooms (%)

13%

48%

(72.9%)

TRevPAR (CHF)

6

25

(76.0%)

GOP (CHFmn)

(2.3)

0.5

(560.0%)

GOP PAR (CHF)

(6)

1

(700.0%)

  • During Q1 2020 we converted 16 rooms in Mosaique hotel to suites thus reducing the number of rooms to 2,349.

Taba Heights, Egypt

Revenues per segment 9M 2020 (CHF mn)

-76.5%

10.2

2.4

1.2

-75.0%

9.0

0.3

-76.7%

2.1

9M 2019

9M 2020

Hotels

Destination Management

38

Jebal Sifah, Oman

Update 9M 2020

  • Delivery of Jebel Sifah Heights units is in its final stages. Planning to deliver 140 units for FY 2020 - delivered 103 units YTD.
  • Phase 1 of the "Beachfront project" is 90% sold out with construction progressing per schedule.
  • The construction and ground-breaking of 115 units in "Beachfront project", will start in the beginning of Q4 2020.
  • Jebel Sifah witnessed an increased demand for short staycations at the Sifawy Boutique Hotel and rental apartments, during the months of Aug. and Sep. Unfortunately the re-imposed2-week curfew has now resulted in a decline in our apartment rentals & hotel bookings.
  • There has been increased interest from potential tenants looking to rent commercial outlets in Jebel Sifah.
  • On the retail front, more activity has already been witnessed with restaurants re-opening, and new ones' openings such as the "Crafty Kitchen".

39

Jebel Sifah, Oman

KPIs

9M 2020

9M 2019

% Chg

Hotels

Total number of rooms

68

67

1.5%

Occ. for total rooms (%)

25%

40%

(37.5%)

TRevPAR (CHF)

51

89

(42.7%)

GOP (CHFmn)

(0.2)

0.1

(300.0%)

GOP PAR (CHF)

(8)

7

(214.3%)

Real Estate

Net sales (CHFmn)

14.8

6.7

120.9%

No of contracted units

86

33

160.6%

Avg. selling price (CHF/m2)

2,165

2,294

(5.6%)

Jebel Sifah, Oman

Revenues per segment 9M 2020 (CHF mn)

-73.4%

22.9

1.5

-6.7%

6.1

19.7

-81.2%

1.4

-41.2%

3.7

1.7

1.0

9M 2019

9M 2020

Hotels

Real Estate

Destination Management

40

Makadi Heights, Egypt

Update 9M 2020

  • Launching "Topio", a new apartment phase in
    Nov. 2020 with a total inventory of CHF 7.5mn.
  • Speeding up the construction of Phase 2 of the project with plans to deliver 244 units in 2022. More revenues will start to kick in over the next quarters.
  • In Q3 2020, Makadi Heights delivered excellent real estate sales figures recording a 125.4% increase to CHF 13.1mn vs. CHF 5.8mn in Q3 2019.

Render

41

Makadi Heights, Egypt

KPIs

9M 2020

9M 2019

% Chg

Real Estate

Net sales (CHFmn)

20.2

18.8

7.4%

No of contracted units

132

151

(12.6%)

Avg. selling price (CHF/m2)*

1,002

652

53.7%

Makadi Heights, Egypt

Revenues per segment 9M 2020(CHF mn)

+165.4%

2.6

6.9

0.7

-36.4%

+650.0%

6.0

1.1

0.8

-71.4%

0.2

0.7

9M 2019

9M 2020

Hotels

Real Estate

Destination Management

42

The Cove, UAE

Update 9M 2020

  • The Cove, Ras Al Khaimah, was amongst our best performing destinations.
  • In Q3 2020, the hotel's revenue totaled CHF 3.2mn up from CHF 0.8mn in Q2 2020. Occupancy rates reached 36% from 13% in Q2 2020.
  • In Q4 2020, we continue to capitalize on local and regional business through targeted sales promotions and market campaigns.
  • We anticipate that demand for The Cove will gradually improve as travel restrictions continue to be lifted over the coming period.

43

The Cove, UAE

KPIs

9M 2020

9M 2019

% Chg

Hotels

Total number of rooms

472

475

(0.6%)

Occ. for total rooms (%)

37%

65%

(43.1%)

TRevPAR (CHF)

70

147

(52.4%)

GOP (CHFmn)

1.4

6.2

(77.4%)

GOP PAR(CHF)

11

48

(77.1%)

The Cove, UAE

Revenues per segment 9M 2020 (CHF mn)

-56.1%

20.5

9.0

20.5

-56.1%

9.0

9M 2019

9M 2020

Hotels

44

Eco Bos, UK

  • Render

ODH's newest addition to its towns' portfolio

  • Work on site never stopped unlike many other sites across the UK which paused construction because of Covid-19.
  • We are almost finished with groundwork's and infrastructure and expect our first homes to be delivered in Q2 2021.
  • Shawbrook Bank has continued to show full commitment to the project and there have been no delays or disputes related to any monthly disbursements so far. To date we withdrew £ 4.4mn out of the £ 18mn facility geared towards the 296 homes.

45

IR Dashboard Calendar & Contact

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

46

IR Dashboard Calendar & Contact

Investor Relations Contact

Sara El Gawahergy

Head of Investor Relations

Head of Strategic Projects Management

Phone EGY: +20 (0)22 461 89 61

Mobile CH: +41 179 156 78 49

E-Mail: ir@orascomdh.com

47

Disclaimer

THESE MATERIALS ARE BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION AND ARE STRICTLY CONFIDENTIAL AND MUST NOT BE REPRODUCED, DISCLOSED OR FURTHER DISTRIBUTED TO ANY OTHER PERSON, OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE.

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

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

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

THIS DOCUMENT IS DIRECTED ONLY AT PERSONS (i) WHO ARE OUTSIDE THE UNITED KINGDOM OR (ii) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER") OR (iii) WHO FALL WITHIN ARTICLE 49(2)(a) TO (e) ("HIGH NET WORTH COMPANIES, UNICORPORATED ASSOCIATIONS ETC.) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). ANY PERSON WHO IS NOT A RELEVANT PERSON MUST NOT ACT OR RELY ON THIS COMMUNICATION OR ANY OF ITS CONTENTS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS COMMUNICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

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

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

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

THESE DOCUMENTS MAY CONTAIN CERTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION IN RELATION TO ORASCOM DEVELOPMENT HOLDING AG WHICH REFLECT THE CURRENT VIEWS AND/OR EXPECTATIONS OF THE COMPANY AND THE COMPANY' S MANAGEMENT IN RESPECT OF THE COMPANY'S PERFORMANCE, ACTIVITIES, AND FUTURE EVENTS. SUCH FORWARD LOOKING STATEMENTS INCLUDE, AMONG OTHER, STATEMENTS THAT MAY PREDICT, FORECAST, SIGNIFY OR IMPLY FUTURE RESULTS PERFORMANCE OR ACHIEVEMENTS, AND MAY CONTAIN WORDS SUCH AS "UNDERSTANDS", "ANTICIPATES", "EXPECTS", "ESTIMATES" , "IT IS LIKELY" OR OTHER TERMS OR EXPRESSIONS WITH SIMILAR MEANING. THESE STATEMENTS ARE SUBJECT TO A NUMBER OF RISKS, UNCERTAINTIES AND ASSUMPTIONS. THE COMPANY CAUTIONS READERS THAT CERTAIN RELEVANT FACTORS MIGHT BE THE CAUSE FOR ACTUAL RESULTS TO DIFFER FROM THE PLANS, GOALS, EXPECTATIONS, ESTIMATES AND INTENTIONS EXPRESSED IN THIS DOCUMENT. NEITHER THE COMPANY NOR ANY RELATED COMPANIES, DIRECTORS, OFFICERS, REPRESENTATIVES OR EMPLOYEES THEREOF SHALL IN ANY EVENT BE LIABLE AS TO THIRD PARTIES (INCLUDING INVESTORS) FOR ANY INVESTMENTS OR BUSINESS DECISIONS ADAPTED OR ACTS PERFORMED BY THEM ON THE BASIS OF THE INFORMATION ANY STATEMENTS CONTAINED HEREIN OR FOR ANY CONSEQUENTIAL, SPECIAL OR SIMILAR DAMAGES DERIVED THEREFROM.

ANY MARKET INFORMATION AND COMPANY'S COMPETITIVE POSITION DATA INCLUDING MARKET PROJECTIONS USED IN THIS DOCUMENT HAVE BEEN DERIVED FROM IN COMPANY'S STUDIES, MARKET RESEARCH REPORTS, PUBLICLY AVAILABLE DATA AND INDUSTRY PUBLICATIONS. ALTHOUGH THE COMPANY HAS NO REASON TO BELIEVE THAT THIS INFORMATION OR THESE REPORTS ARE INACCURATE IN ANY MATERIAL , RESPECT , THE COMPANY HEREBY STATUS THAT IT HAS NOT INDEPENDENTLY CHECKED ANY COMPETITIVE POSITION, MARKET SHARE, MARKET VOLUME, MARKET GROWTH OR OTHERS.

ROUNDING

NUMBERS PRESENTED THROUGHOUT THIS PRESENTATION MAY NOT ADD UP PRECISELY TO THE TOTALS PROVIDED IN THE TABLES AND TEXT. FOR PRESENTATION PURPOSES, FIGURES ARE ROUNDED TO THE NEAREST DECIMAL PLACE. PERCENTAGES, PERCENT CHANGES AND ABSOLUTE VARIANCES, HOWEVER, ARE CALCULATED BASED ON THE EXACT FIGURES AS SHOWN IN THE FINANCIAL STATEMENTS.

9M 2020 Results - Analyst & Investor Presentation

Altdorf, November 16th, 2020

48

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Orascom Development Holding AG published this content on 15 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 08:44:02 UTC