QALA For Financial Investments : 3Q2022 Investor Presentation

Qalaa Holdings

Investor Presentation

AFRICAN LEADER IN

INFRASTRUCTURE & INDUSTRY

January 2023

Strictly Private and Confidential

All Figures as of 3Q22 Unless Otherwise Stated

Contents

I

II

III

Overview		3-7
Industries & Companies		8-26
Highlights		27-36

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Overview

AFRICAN LEADER IN INFRASTRUCTURE & INDUSTRY

Qalaa Holdings at a Glance

Leading investment company in energy and

infrastructure, established in 2004

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

distribution and transportation and logistics

Currently operating in 15 Middle Eastern and African

countries

+17k employees across the organization

Consolidated Income Statement Highlights

3Q22 Revenues of EGP 23,722.2 mn vs. EGP 12,781.3 mn in 3Q21

3Q22 EBITDA* of EGP 8,841.2 mn vs. EGP 1,205.5 mn in 3Q21

3Q22 Net Income after Minority Interest of EGP 16.7 mn vs. a net loss of

EGP 440.7 mn in 3Q21

Consolidated Income Statement Highlights (excluding ERC**)

3Q22 Revenues of EGP 5,860.8 mn vs. EGP 4,683.0 mn in 3Q21

3Q22 EBITDA* of EGP 1,057.1 mn vs. EGP 520.6 mn in 3Q21

3Q22 Net Loss after Minority Interest of EGP 584.2 mn vs. a net loss of

EGP 308.0 mn in 3Q21

Highlights from Consolidated Balance Sheet as at 30 September 2022

Total consolidated assets of c. EGP 115.6 bn (at current book value)

Total bank debt stood at EGP 71.8 bn, of which EGP 47.1 bn was related

to ERC

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

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Qalaa Holdings Ownership Structure and Share Information

Shareholder Structure (as at 30 September 2022)

	EIIC, 5.5%
Olayan, 9.1%	Dubai Holding, 3.8%
	CIB, 2.9%

CCP, 23.5%*

Others, 55.2%

CCAP.CA on the EGX

Number of Shares	1,820,000,000
Of which preferred shares**	401,738,649
Of which common shares	1,418,261,351
Paid-in Capital	EGP 9,100,000,000
Share Price as of September	EGP 1.31
30, 2022
Market Cap	EGP 2,384,200,000

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

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