Investor Presentation April 2016

Orascom Development Holding AG
April 2016
Agenda
ODH: Leading Developer of Fully Integrated Towns
Projects Overview
Page 3
Page 10
Page 22
Operational and Financial Summary
Appendices
2
Page 21
Page 37
ODH : Leading Developer of Fully Integrated Towns
3
History- How it all started
Over 20 years ago, Orascom Development’s founder Samih O. Sawiris had a simple idea – to create a little piece of paradise on
the exquisitely desolate Red Sea coast. This initial thought evolved over the years and became our principle.
Year
of
Foundation
Development
of
Taba
Heights on the
Gulf of Aqaba
(Sinai
Peninsula)
1989
The Cove in Ras Al
Khaimah (U.A.E.) the
first
destination
outside of Egypt, a
lease
agreement
with the Gov. to
develop
Amoun
Island, 22,000 m2
2005
1997
1991
First phase of
El Gouna flagship
project becomes
operational
EGYPT
Project announcement
of Haram City (Egypt),
Jebel Sifah & Salalah
Beach (Oman); signing
of agreements for
Andermatt (CH) &
Chbika (Morocco)
1998
Agreement
to
participate in the
development of
Tala Bay, Jordan
& Awarded 1.2
million sqm in
Fayoum, Egypt
New
projects
in
Cornwall (UK) & Luštica
Bay (Montenegro) &
launch of Makadi Bay,
28 km away from
Hurghada
2007
2006
Orascom signs
development
agreements with
the
Omani
Government for
four projects
Samih O. Sawiris becomes
majority shareholder of ASA;
sale of Romania project to
Samih O. Sawiris & Orascom
Hotel Management (OHM)
was established to manage
the Group’s Hotel inventory
2008
Established
ODH,
acquired 99.7% of OHD
through a tender offer
Headquarter is moved
to Altdorf (CH), listing
on the SIX Swiss
Exchange
2015
2013
2009
2010
Initiation of affordable
housing
project
in
Constanta (Romania) &
Allocated 0.8 million m2 in
the Qena Governorate , the
second budget housing
project in Egypt
ODH sells 15%
stake in OHD to
reactivate
its
trading,
resumption of
trading
effective
6th
January 2015 &
Sale of Tala Bay
hotel in Jordan
2014
Deconsolidation of Orascom
Housing
Communities
(OHC)&
its subsidiaries;
budget
housing
and
construction
& Sale of
CMAR (Mauritius Club Med)
INTERNATIONAL EXPANSION
So far, we have successfully implemented this concept in Egypt, Jordan, UAE, Oman, Switzerland and in other projects under
development in Europe
4
Orascom Development Holding AG Today
The Only Leading Developer of Fully
Integrated Towns
One of The Largest Land
Banks
One of The
Portfolio
Including Real Estate, Hotels. activities, marinas
Leisure, golf courses, hospitals , schools & all
supporting infrastructure
100.2 million sqm, out of which 68.0
million sqm is still undeveloped
32 hotels with 7,759 rooms
Largest
Hotels
Loyal Shareholder
Base
Spearheaded by a seasoned Executive
Management Team
Been with the company for over 7 years
with unparalleled expertise in the travel , tourism
and real estate sector level
59%
3 to 5
Star Hotels
To suit different
standards
39
Awards
During 2015 for our
hotels
Continuous Progress on Strategy
Execution
MORE THAN
Over 25
YEARS
DEVELOPMENT
EXPERIENCE
Achieved all communicated targets of 2015
Dual listing on SIX and EGX
with 40,409,926 outstanding shares
Of our hotels in Egypt are certified with
Green Star
8 Operating Destinations
El Gouna, Taba Heights, Makadi, &
Haram City (Egypt) , Jebel Sifah & Salah
Beach (Oman), The Cove (UAE), and
Andermatt (Switzerland)
Other destinations in different stages of
development
Approx. 9,116 Employees
As of December 31st, 2015
Real Estate Sales over CHF 2.0
bn
Since 1997
5
ODH’s Projects at a Glance
Land Bank (mn sqm)
Total Land Bank
El Gouna
36.92
4.27
Makadi
3.39
Haram City
2.60
Egypt
8.96
El Gouna
Taba Heights
Fayoum
Qena…
5.0
10.0
0.17
0.07
Fayoum
-
Chbika
-0.0
Qena Gardens
15.0
20.0
25.0
30.0
35.0
0.08
Fayoum
Qena Gardens
0.06
Qena Gardens
40.0
--
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
0.2 0.5 0.4
0.6
1.0
0.8
1.0
1.5
2.0
2.5
3.0
3.5
35.3%
57.0%
0.69
Fayoum
35.3%
0.78
Qena Gardens
84.7%
63.1%
0.16
Haram City
ODH Blended
Ownership %
83.8%
2.92
Makadi
0.34
Haram City
1.69
Taba Heights
-
Makadi
21.28
El Gouna
0.02
Taba Heights
0.0018
Haram City
0.25
Fayoum
0.0
Undeveloped
1.2
El Gouna
Makadi
1.93
Haram City
Under
Development3
5.48
El Gouna
Taba Heights
0.47
Makadi
0.84
-
2.56
Taba Heights
1.08
Under
Construction2
Completed
Hospitality Portfolio
Rooms Operated by
ODH
Number of Rooms
2,627
El Gouna
2,365
Taba Heights
4
1,654
1,144 7
Makadi
El Gouna
Taba Heights
Makadi
Haram City
Haram City
Fayoum
Fayoum
Qena Gardens
Qena Gardens
Salalah Beach
Jebel Sifah
13.60
1.30
1
-
6.20
0.20
Jebel Sifah
2
Oman
0.5
1.0
(1.0)
As Sodah…
City Walk
1.0
1
4.0
9.0
14.0
19.0
0
24.0
0.04
-
City Walk
-
5.0
10.0
15.0
Chbika
0.5
-
-
Chbika
1,538
71.0%
67.0%
-
500
1,000
1,500
2,000
2,500
0
3,000
100
200
300
400
500
600
-
City Walk
0.2
49.0%
0.04
70.0%
As Sodah Island
City Walk
700
Salalah Beach
67
Jebel Sifah
-
As Sodah Island
-
City Walk
71.0%
70.0%
67
Jebel Sifah
-
As Sodah Island
300
Salalah Beach
700
-
City Walk
1.0
20.0
15.0
-
City Walk
70.0%
70.0%
4.5
Jebel Sifah
0.8
As Sodah Island
10.6
Salalah Beach
1.5
Jebel Sifah
-
As Sodah Island
1.5
Salalah Beach
-
Jebel Sifah
-
As Sodah Island
0.2
87.0%
4.0
10.0
Salalah Beach
1,279
1,113
1
Salalah Beach
Hotel Blended
Ownership % 10
-
0.5
-
Chbika
0.5
1.0
1.5
2.0
-
3.0
Chbika
5.0
10.0
15.0
0
12.0
Chbika
55.0%
200
400
0
600
-
Chbika
50
100
-
Chbika
Morocco
-
5.0
10.0
15.0
Luštica 3
20.0
6.90
0.0
0.2
0.4
0.6
0.8
1.0
0.02
Luštica
-
0.2
0.4
0.6
0.8
-
1.0
0.1
Luš
tica
0.5
1.0
1.5
2.0
2.5
0.3
Luštica
3.0
-
3.5
5.0
10.0
15.0
6.48
Luštica
0
90.9%
0
0
1
1
1
-
Luštica
0
0.2
0.4
0.6
0.8
1
0.4
0.6
0.8
1
-
Luštica
Montenegro
-
2.0
4.0
6.0
8.0
0.0
Andermatt
1.5
0.2
0.4
0.6
0.8
1.0
1.3
Andermatt
-
- 0.10.10.2
-
Andermatt
0.5
-
0.1
Andermatt
5.0
10.0
49.0%
0.1
Andermatt
0
0
0
1
1
1
100
Andermatt
0
0.2
49.0%
-
Andermatt
Switzerland
Eco-Bos 8
UK
0.0
5.0
-
6.54
-
5.0
1.0
2.0
-
-
Eco-Bos
0.2
0.4
0.6
0.8
0.0
1.0
-
Eco-Bos
0.2
0.4
0.6
0.8
1.0
-
0.2
0.4
0.6
0.8
0.5
6.54
Luštica
-
1.0
0.0
The Cove
0.0
-
75.0%
0
100
0
200
-
Andermatt
0.2
0.4
0.6
0.8
1
0.4
0.6
0.8
1
-
Andermatt
10.0
0.0
4
0.2
Eco-Bos
0.30
0.3
The Cove
-
The Cove
0.2
0.4
0.6
0.8
5.0
10.0
0
0
0
1
1
1
0
0.2
1.0
-
The Cove
73.0%
-
Marina Plaza
346
The Cove
73.0%
-
The Cove
UAE
0.0
1.0
2.0
3.0
0.0
4.0
100.22
1 Leasehold
1.0
0.0
17.29
0.2
0.4
0.6
0.8
1.0
6.02
0.0
0.2
0.4
0.6
0.8
1.0
8.90
0.0
0.2
0.4
0.6
0.8
1.0
68.00
0
200
400
0
7,759 9
agreement
Usufruct Agreement
Leasing and Development Agreement
4 Lease Agreement
5 Any plot of land where infrastructure is completed and individual elements of the projects are under construction
6 Any plot of land where infrastructure is under construction but not yet completed
7 283 rooms are located in Makadi Project, while the 1,344 rooms are located within the Makadi Bay and 27 of Oberoi Zahra is a floating hotel on the Nile
8 American call option (ending 2030) granting ODH the right to purchase part or all of the land plot. The company has donated 0.06 sqm of total land to the Cornwell council in 2014 to build a road
9 Total excludes 100 rooms in Switzerland as it is not consolidated
10 ODH Blended ownership (%) in the Hospitality Portfolio is calculated based on the Group’s weighted average stake of the hotels’ paid in capital in each destination
2
3
6
0.5
0.2
0.4
0.6
0.8
1
4,297
The Company Adopts a Unique, Vertically Integrated, Business Model Centered on Transforming
Desolate Pieces of Land into Attractive, Self-sufficient, Resort Towns
– Securing land at nominal
costs
– Control of entire value
chain
from
master
planning
and
construction to operation
of a destination
– Continuous pre-sales to
finance
ongoing
investments
 In parallel, management has
recently adopted the new
strategic notion of selling
large plots of land to third
party developers, in a move
to
accelerate
the
monetization of land (Masterdevelopment),
while
providing strict development
guidelines, to ensure control
over the development and
maintain the architectural
harmony of the destination
7
Operational
Phase
Development Phase
 ODH’s
business
model
incorporates owning and
managing the whole value
chain from the raw land
acquisition to developing &
operating real estate, hotels,
and
managing
the
destination:
New
destination
identification
acquisition &
initial
concept
Real Estate
Real Estate Owner
Services
Hotel Development
Hotel Operations
Destination Development
Destination
Operations
Sub-development
Controlled Sale of
Large Plots of Land to
Third Party
Developers
Land Value Creation
Business Segments - Overview
Hotels
Real Estate & Construction
Destination Management
 32 Hotels , total of 7,759
 Land bank acquired at nominal
costs
 Sale of middle-to-upper scale
apartments and villas to private
clients
 Public services &infrastructure
maintaenance that includes:
rooms1
 22 self managed, 10 undermanagement
 Orascom Hotels Management
(OHM) manages company’s
hotel inventory
 5,333 employees
 In-house sales force as well as
international distribution
channels
 Off-plan sales with customer
prepayments
 Water Services
 Sewage treatments
 Electricty
 1,863 employees
 Sales of CHF 2.06 Bn 2
Land Sales & Other
Investments
 Andermatt (Switzerland)
 OHC (Budget Housing)
 Tamweel; Financial Services
Company
 Master Development (ODM
Egypt)
 820 retail outlets & 87
restaurants/bars
 5 schools & universities
 2 hospitals & 7 marinas,
4 golf courses
 498 employees
Revenues FY 2015
CHF 124.2 mn
1
Revenues FY 2015
CHF 66.4 mn
As of December 31, 2015
From 1997-2015 (gross number)
3 Including all company support funcitions in Egypt, Oman, Morocco and Montenegro
2
8
Revenues FY 2015
CHF 15.6 mn
 1,422 employees 3
Revenues FY 2015
CHF 99.9 mn
•
•
•
Land Sales: CHF 67.6 mn
Tamweel: CHF 8.5 mn
Others: CHF 23.8 mn
Agenda
ODH: Leading Developer of Fully Integrated Towns
Projects Overview
Page 4
Page 11
Page 22
Operational and Financial Summary
Appendices
9
Page 22
Page 37
Projects Overview
10
El Gouna - World Class Destination on the Egyptian Red Sea Coast
El Gouna  Total land area : 36.92 million sqm , Developed: 14.44 million sqm, (39.1% developed)
Key Facts  Number of hotels and rooms: 16 hotels with 2,627 rooms ( four 5 *s , nine 4 *s and three 3*s)
 A private , self-sufficient town built on 10 km of the Red Sea coastline and located north of
Hurghada, 35km from the Hurghada International Airport
 The town offers a range of facilities such as a hospital, two 18-hole championship golf
courses, three marinas, four schools, a library, and two universities branches
Real Estate KPIs
Hotel KPIs, CHF
100
74%
56%
80
61%
54%
59%
91
60
40
68%
69
53
59
51
20
54
52
47
52
48
49 53
0
2010
2011
ARR
2012
2013
TRevPar
2014
2015
Occ. Rate
80%
100
70%
60% 80
50% 60
40%
40
30%
20% 20
10% 0
0%
47
211
2.8
2.3
22%
2.5
34.9
2011
2012
2013
4.0
3.0
2.0
1.0
48.7
0.0
2010
Value of Contracted Units, CHFmn
2014
2015
No of Units
Average Price/sqm, CHF 000’s
Destination Update
France
Germany
Egypt
Others
11
2.5
19.4
Belgium
39%
2.5
24.8
UK
25%
163
82.9
Russia
5%
121
83.5
Visitors Breakdown by Nationality as of 2015
5%
82
3.4
El Gouna Draws Most of its Clientele from Europe...
2% 2%
61
 Accelerating the construction of all launched projects during 2014,
expecting to start delivery in Joubal by end of 3Q16, 6 months
ahead of schedule.
Global Human
Settlements
Award
 Launched 4 new real estate projects with a total inventory of USD
93.4 million in 2015, introducing a new diversification of the
product mix and different price ranges.
 Launched Fanadir Bay Project in April 2016 with a total inventory
of USD 60.0 million.
 Finalizing the construction of Ancient Sands hotel, to be launched
during Q2 2016.
 Signed two new sub-development agreements in El Gouna to subdevelop 110,196 m2 of land for a total value of USD 22.0 million.
Global Green
Town – El Gouna
2014
Taba Heights – Sinai’s Premium Destination
 Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed)
Taba
Heights  Number of hotels and rooms: 6 hotels; 2,365 rooms (five 5* s and one 4 *s)
Key Facts
 Taba Heights is situated between the mountain ranges of the Sinai Peninsula only 25 km
away from Taba International Airport
 The town offers a marina and a golf course alongside a wide range of facilities such as a
medical center, child daycare services, a school, and a vibrant up-town center
Hotel KPIs, CHF
80
74%
51%
60
41%
69
40
20
44%
50
52
29%
48
53
46
44
43
37
28
18
20%
18
0
2010
2011
ARR
2012
2013
TRevPar
80%
70%
60%
50%
40%
30%
20%
10%
0%
2014
2015
Occ. Rate
Taba Heights Draws Most of its Clientele from Europe...
Destination Update
Visitors Breakdown by Nationality as of 2015

Taba hotels continued to suffer from travel bans to the Sinai Peninsula issued
by most Western European countries at the beginning of the year due to
security issues facing Sinai also due to the crash of a Russian airplane over the
Sinai Peninsula in October 2015.

As a results, five out of our six hotels are closed keeping only Sofitel Hotel open
with 442 rooms as we are continuing with the cost-cutting measures at Taba
Heights

In the FY 15, net losses generated from Taba Heights hotels alone amounted to
CHF 10.7 mn
Belgium
15%
1%
4% 12%
Russia
Jordan
14%
21%
11%
France
Israel
22%
12
Egypt
UK
Makadi - The First Gated Community In The Heart Of Hurghada
 Total land area : 3.39 million sqm, Developed: 0.47 million sqm , (13.86% developed)
Makadi
Key Facts
 Number of hotels and rooms: One 4* hotel with 283 rooms + two 4 * & 5 * Azur Hotels in
Makadi with a total of 830 rooms (Royal Azur, a 5 star Hotel (491 rooms) & Club Azur, a 4 star
Hotel (339 rooms)
 Makadi is the first gated community in the Hurghada region, only 30 km away from Hurghada
International Airport
 The town resort features residential units and hotels, along with spacious commercial area, a
medical center, among other services
Real Estate KPIs
Hotel KPIs, CHF
84%
80
60
63%
55%
40
20
100%
61%
51%
64%
30
40
40 38
33 39
32
41
0
20% 20
0%
2010
2011
ARR
2012
2013
2014
TRevPar
2015
599
3.0
1.0
2010
2011
2012
2013
2014
2015
Value of Contracted Units, CHFmn
Average Price/sqm
660
640
620
600
580
560
540
No of units
Destination Update

Reviving the destination, expediting the design drawings for the
destination’s club house facility with plans to start its construction during
2016

Hotels’ occupancies were affected by the recent plane crash in Sharm El
Sheikh, whereby Russian market represented 47% of the guests in 9M15

Shut down two hotels (Makadi Gardens & Club Azur) until business is back
to normal

We are compensating the lost Russian business from other source markets
by special promotional campaigns in the East European, German and local
markets to fill in the business gaps
Ukraine
Others
Germany
Egypt
10%
595
2.2
France
13
640
621
2.3
Belguim
32%
20
3.9
2% 1%
45%
57
63.7
Occ. Rate
1%
52
0
Visitors Breakdown by Nationality as of 2015
9%
54
591
40% 40
34 36
96
584
60% 60
74
48
1,752
80% 80
Russia
Byoum – The Heart of Fayoum, On Lake Qarun
 Total land area : 1.08 million sqm, Developed: 0.32 million sqm , (29.6% developed)
Byoum
Key Facts
 Number of hotels and rooms: One 4* hotel with 62 rooms (20 hotel rooms and & 42 hotel
apartments, expected to be launched in Q1 2016
 located 100 km southwest of Cairo in an ideal location overlooking the spiritual lake of Qarun. Plans
are set to develop two luxury residential communities
 Sales started in 2008, to date we have sold 116 units with a total value of EGP 131 mn (USD 16.9 mn)
 Total remaining inventory is EGP 310 mn (USD 40.10 mn)
Master Plan
14
Reviving the Destination
1.
Byoum Main Gate
5. Beach Club
2.
4 Star Hotel
6. Commercial Area
3.
Hunting Lodge
4.
Pier

Finalizing the construction of Byoum Hotel, to be
launched during Q3 2016

Planning to launch new phases with a total inventory of
EGP 30 mn (USD 3.9 mn) during Q4 2016
The Cove – A Highly Rated 5-Star Beachfront Getaway for Leisure and Relaxation
 Total land area : 0.3 million sqm
Taba
Heights  The resort encompasses:
− A 346 room five star hotel managed by Rotana, an acclaimed operator in MENA and worldwide
Key Facts
− 188 villas
− An employee residential compound comprised of 80 apartments;
− A commercial center; and
− A ~12,225 sqm vacant land plot, which is well positioned for various development options
 ODH’s Management intends on converting the employee housing compound into an apartment
hotel, which will serve as an extension, adding 145 rooms to the hotel’s capacity
Hotel KPIs, CHF
200
81%
77%
63%
81%
75%
70%
150
100
169 188
182
139
50
217
215
161
160
203
161
165
196
0
2010
2011
ARR
2012
2013
TRevPar
2014
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2015
Occ. Rate
Destination Update
Visitor's Breakdown by Nationality as of FY 2015
•
3%
4%
United Arab Emirates
12%
35%
Germany
•
•
Switzerland
Austria
46%
15
Others
•
Awarded the Luxury Coastal Resort Continent Winner-2015 World Luxury Hotel
Awards
Finalizing the construction of 145 new rooms to be added to the hotel’s
inventory and expected to be in during 2016
Occupancy was affected post the ruble devaluation; however, the local & the
German markets witness a gradual growth to compensate the lost Russian
business.
Upgrading the hotel’s Staff Housing Complex in to a five-star extension, we used
50 rooms from the existing Hotel to serve the employees which affected the
total hotel’s performance. New Housing Facility opened in November 2015 and
in Q1 16, occupancy recovered to report a growth from 67% to 77% y-o-y.
Jebel Sifah- A Tranquil Haven
 Total land area: 6.2 million sqm , Developed: 0.2 million sqm, (3.2% developed)
Jebel
 6 hotels (1,062 rooms), of which the Sifawy Boutique Hotel is already operational, with a capacity of
Sifah
67 rooms. Four Seasons , Banyan Tree Hotels & Resorts & Anatara, among other players, are
Key Facts
expected to operate hotels in Jebel Sifah
 Located between the marine life rich Indian Ocean and the breathtaking Hajjar Mountains (the
highest in the Arabian Gulf), Jebel Sifah is a charming resort town located 30 km from the Omani
Capital’s city center
 The town will encompass 950 residential units, including already 18 completed apt blocks, Inland
marina, a 18-hole championship golf courses designed by Peter Harradine, commercial centers
Real Estate KPIs
Hotel KPIs, CHF
33%
200
150
33%
31%
27%
25%
30%
25%
20%
100
50
0
35%
116
111
106
76
52
2011
82
144
119
81
2012
ARR
15%
10%
100
2013
2014
2015
TRevPar
Occ. Rate
5%
0%
12
10
8
6
4
2
0
15
2.5
15
2.5
9%
61%
2012
2013
Value of Contracted Units, CHFmn
2.6
3.6
4.3
2014
2015
2.2
No of Units
Average Price/sqm, CHF 000’s
Destination Update
France
United Kingdom
Others
16
2.4
2.0
2011
Switzerland
7%
2.4
3.0
2.8
2.9
5.7
Germany
5%
5
2.4
7.4
Oman
14%
5
10.5
Visitors Breakdown by Nationality as of FY 2015
3%
12
 Handed over 20 villas and 95 apartments.
 Opened the floating fuel station on the marina
 Progressing with the Golf Course construction, completed its design and
rough shaping & finalized 5 holes out of the first 9 holes
 Infrastructure completed in the main resort boulevard and different villa
zones including water plumping, electrical linkage and landscape
 Opened “Extra Divers” dive center
 Revisiting the masterplans for Sifah to optimize more land use
Salalah Beach – A Self-sufficient Tropical Oasis on the Arabian Sea
Salalah  Total land area: 13.6 million sqm , Developed: 1.5 million sqm, (11.0% developed)
 7 hotels (1,800 rooms), of which the Juweira Boutique , Al Fanar Hotel and Rotana are already
Beach
operational, with 82 rooms, 218 rooms and 400 rooms, respectively. Mövenpick and Club Med
Key Facts
are expected to open their doors, each operating ~395 rooms
 The town will encompass, residential units, 200 berth marina; the Marina Town where 45 shops
are already operating, commercial centers and a water park
 The destination is located only 25 km away from Salalah Airport and approximately 90 minutes
flight from most GCC countries
Hotel KPIs, CHF
Real Estate KPIs
54%
150
47%
100
50
141
113
128
97
95
110
102
74
0
2012
2013
ARR
2014
TRevPar
20
8
9
2015
Occ. Rate
40%10
8
30%
6
20%
4
10%
2
0% 0
4.0
2.2
2.0
2%
3% 2%
3.7
3.7
2011
2012
2013
Others
Saudi Arabia
Switzerland
Kuwait
17
2.0
4.1
1.0
2014
2015
No of Units
Destination Update
United Arab Emirates
19%
3.0
Value of Contracted Units, CHFmn
Average Price/sqm, CHF 000’s
Italy
20%
4.0
0.0
Oman
36%
5.0
3.7
10.3
5.9
Germany
5%
15
2.4
Visitors Break Down by Nationality as of FY 2015
13%
41
50%12
33%
39%
60%
 We are planning to start the construction of the new waterpark in Salalah
Beach towards the end of the year with a capacity to hold up to 1,500 visitors
 Implemented the Sale and Leaseback system at Al Fanar Project with 45 off
plan units
 Salalah Beach, marked the completion of the 700-room phase one milestone
of our Omani hotel development plan with the opening of Al Fanar Hotel &
Residence, a 218-room in December 2015. In Q1 16, the Hotel reported an
average occupancy of 81%
 Activated a CHF 1.0 mn worth commitment deal with Eden Viaggi; an Italian
tour operator, for Al Fanar Hotel, whereby the latter is currently selling Al
Fanar as one of its Ten Premium Properties worldwide
Lustica Bay – Montenegro
 Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm, Developed: 0.12
million sqm, (1.7% developed)
 The land is held on a leasehold agreement for 99 years starting 2009. The company starting
2014 will pay an annual rent fee of EUR 1mn per year for a period of 10 years
 The project is planned to include 1,820 residential units, 7 hotels with a total capacity of 1,200
rooms and two world-class marinas with an operating capacity of 226 berths, 18-hole
championship golf Course (Gary Player Signature Course)
 Construction started in Sep 2013. In less than two years, Lustica is now an operating
destination & an emerging new town with residents moving in their homes in the summer of
2015
Lustica
Bay Key
Facts
Emerging New Town
 First two buildings clusters (10 buildings comprising 70 apartments) have been fully finished and delivered
in August, with residents moving in the summer of 2015
 The foundation of the next two buildings & first Villa clusters have started, with planned completion dates
in Q4 2016 and Q2 2017
 80% of the main marina works have been completed, with an expected operating date of March 2017
 Excavation works for the Golf Course is completed and the construction permit has been obtained (the first
Golf Course permit in Montenegro)
 Design works for the first Marina Hotel is done, with an expected operating date of summer, 2017 for the
first phase and the rest by summer 2018
Real Estate KPIs
25
43
48
24
41
4.8
20
15
10
5
4.1
15.4
4.3
19.1
4.4
22.0
11.1
0
2012
2013
Value of Contracted Units, CHFmn
Average Price/sqm, CHF 000’s
18
2014
2015
No of Units
5.0
4.8
4.6
4.4
4.2
4.0
3.8
3.6
Other Projects
Chbika1
Overview
 Located South of Agadir on the Atlantic Ocean, Chbika has a total land bank of 15mn sqm split
into two phases with land areas of 5.0 mn sqm and 10.0 mn sqm, respectively
 Chbika’s plan encompasses mix of villas apartments and mansions, in addition to 3 hotels with
a total capacity of 1,000 rooms
 Ongoing negotiations for raising the needed funds to develop the 3 hotels in addition to
finishing the marina and the first 9 holes of the golf course
Eco-Bos2
Overview
 Located in the UK, Eco-Bos is one of four projects to receive the ‘Eco-town’ accreditation
 The project, comprising seven land parcels, includes the redevelopment of 700 hectares of
former industrial land, developing 5,500 new homes and creating over 5,000 jobs
 Designed to deal with dispersed rural travel and deliver a highly sustainable transportation
network
 Low Carbon Communities, Building energy and resource efficient homes with computer-based
technologies to efficiently manage energy and water resources
Andermatt
Overview
1
 Andermatt Swiss Alps is a first-rate holiday destination with a land bank of 1.5 mn sqm offering
broad activity and lifestyle pursuits
 The project is planned to include 490 apartments, 25 exclusive villas, and 6 hotels with a
capacity of 844 rooms and a ski arena
 In Dec 2013, ASA opened its first 100-room, 5-star deluxe hotel operated by The Chedi
Andermatt
 Mr. Samih Sawiris has become the new majority shareholder of ASA with a 51% share by
converting his loans to the Group into ASA equity, ODH now is owns 49% and ASA is
deconsolidated from the Group’s financials
The project has been granted the status of new integrated tourism zone. The project company has the right to acquire and transfer freehold title to the land area of approximately five
million m2 (Phase 1) and approximately ten million m2 (Phase 2) subject to certain conditions, except for golf areas which will be subject to long term lease agreements. The project
company has the right to transfer its rights under the development agreement subject to certain conditions.
2 American call option (ending 2030) granting ODH the right to purchase part or all of the land plot
19
Other Projects
As Sodah Island, Oman
 A secluded island covering 11 million m2, As Sodah is located off the southern coast of Oman
opposite Salalah Beach.
Overview
 The Island is set to be the region’s niche destination, comprising a luxury boutique hotel. The
hotel spans an area of 1.0 million m2 and features exclusive pavilions with swimming pools and
private access beach. The hotel’s plan also includes a main lodge and a spa.
City Walk, Oman
 City Walk Muscat is the awaited vibrant Downtown City Complex; in the Seeb area, serving the
cosmopolitan capital city of Oman, Muscat.
Overview
 The land covers an area of approximately 47,000 m2, ODH is planning to develop one of the
biggest commercial/touristic complex in the Middle East spanning a beach-front area of
approximately 350 metres.
Amoun Island, Egypt
Overview
20
 Orascom Development entered into usufruct agreement with the Egyptian Government in
2005 to develop Amoun Island.
 The island is situated off the main Nile river bank in Aswan and has a total project area of
22,000 m2.
 The destination plan presents an exclusive luxury boutique-style hotel to be operated by
Cheval Blanc (Group LVM H), accommodating 38 luxurious suites with lounge areas private
pools, an exquisite-cuisine restaurant, lounge bar, wine cellar, private library and six star
service.
Agenda
ODH: Leading Developer of Fully Integrated Towns
Projects Overview
Page 4
Page 11
Page 22
Operational and Financial Summary
Appendices
21
Page 22
Page 37
Operational And Financial Summary
22
ODH financial results
Occupancy rate (%)
81
100
62
Contracted sales (CHF mn)
76
56
57
51
50
56
50
0
2008
2009
2010
2011
2012
2013
2014
2015
Average room rate (CHF)
80
60
56
59
2008
2009
65
57
60
57
56
57
2011
2012
2013
2014
2015
81
69
87
57
61
51
50
47
55
0
2008
1
173
136
2008
2009
2010
213
115
2011
2012
800
600
400
200
0
88
106
2013
2014
2015
668
2008
317
297
2009
2010
265
152
184
204
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
2015
8
6
4
2
0
2.5
2.6
2013
2014
5.3
2.6
2008
3.2
254
2015
2009
6.9
4.4
2010
2011
Total Revenue per available room
* Revenues and KPIs of Citadel Azur, five –stars hotel with 513 rooms was added back to ODH’s hotel portfolio in FY14, post the settlement reached with Falcon Hotels
23
66
Average selling price (CHF’000’/m2)
TRevPAR 1
100
336
Number of units sold
40
2010
400
300
200
100
0
2012
2.5
2015
Business Segments FY 2015
Revenue
(CHF mn)
EBITDA
Adj. EBITDA*
FY 2015
FY 2014
Δ in %
FY 2015
FY 2014
FY 2015
FY 2014
124.2
118.9
4.5%
13.1
26.0
18.1
18.2
Real Estate & Construction
66.4
72.9
(8.9)%
20.4
18.9
16.2
20.3
Land
67.6
13.7
393.4%
68.5
11.2
68.6
12.0
Destination Management
15.6
13.4
16.4%
(5.0)
1.1
(3.9)
(2.1)
Other Operations
32.3
31.7
1.9%
7.9
16.6
8.3
9.0
-
-
-
(63.7)
31.4
(26.5)
(32.8)
306.1
250.6
22.2%
41.2
105.2
80.8
24.6
Hotels
Corporate & Unallocated Items
ODH Group
*
Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates)
24
Real Estate KPIs FY 2015
Value of contracted
units (CHF mn)
Country
Destination
Egypt
El Gouna
Oman
U.A.E
FY14
FY 15
Average Selling Price
(CHF/m2)
FY14
FY 15
FY 15
FY14
48.7
183
121
2,541
2,497
83
52
Fayoum
0.2
-
3
-
539
-
3
4
Makadi
1.0
3.0
20
57
640
599
1
1
Gardania
2.7
-
4
-
1,329
-
-
-
Jebel Sifah
4.3
3.6
5
5
2,381
2,857
17
27
Salalah Beach
4.1
10.3
15
41
3,685
4,042
16
21
-
-
-
-
-
-
-
-
11.1
22.0
24
41
4,812
4,390
27
46
-
-
-
-
-
-
-
-
106.31
87.6
254
265
2,543
2,625
68.8
76.6
180
215
The Cove
Chbika
ODH Group
Numbers net of cancellations2:
ODH Group
1
Includes CHF 11.5 million sale of Mansions.
2
Cancellations of the accumulated sales from prior periods.
25
FY14
Value of deferred
Income (CHF mn)
82.91
Montenegro Luštica Bay
Morocco
FY 15
Number of
contracted units
147
151
Deferred Revenue Recognition Schedule
(CHF mn)
Deferred Revenue
Balance
Country
Destination
Egypt
El Gouna
83.71
Fayoum
Makadi
2017
2018
33.14
33.88
16.69
3.21
2.64
0.57
-
0.53
0.39
0.14
-
Total Egypt
87.45
36.17
34.59
16.69
Jebel Sifah
16.95
9.53
3.31
4.11
Salalah Beach
15.86
13.93
Total Oman
32.81
23.46
Montenegro
Lustica Bay
27.05
ODH Group
Total Group
Oman
26
147.31
2016
59.65
-
1.93
3.31
6.03
25.65
1.40
63.55
24.12
Real Estate and Land Performance
Real Estate

Real Estate sales during FY 15 reached CHF 106.3 million, an increase of 21.3% from the same period last year, which reached CHF 87.6
million, with the major contributor being El Gouna.

Cash Collections from real estate sales in FY 2015 reached CHF 76.2 million.

Real Estate segment revenues reached CHF 66.4 million vs. CHF 72.9 million in FY 2014.
El Gouna, Egypt

Launched 4 new real estate projects in El Gouna with a total inventory of USD 93.4 million in 2015, introducing a new diversification of
the product mix, different price ranges, attracting a new target age.

Launched Fanadir Bay project in April 2016 with a total inventory of USD 60.0 million.

Accelerated the construction of all launched projects during 2014, expecting to start delivery in Joubal by Q2 2016, 6 months ahead of
schedule.
Sifah and Salalah, Oman

Jebel Sifah, Oman progressing with the launch of phase 1 of the Sifah Golf course and expediting deliveries.

Revisiting the masterplans for Salalah and Sifah to optimize more land use.
Lustica Bay, Montenegro

Completed the first 10 apartment buildings in the Marina Village, welcoming Lustica’s first residents and commencing its first
operational summer.
Land

27
Signed two new sub-development agreements in El Gouna to sub-develop 110,196 m2 of land for a total value of USD 22.0 million.
Hotel KPIs FY 2015
Number of hotel
rooms
Occupancy*
rate (%)
Country
Destination
FY 15
FY 14
FY 15
FY 14
Egypt
El Gouna1
2,627
2,707
68
Taba Heights2
2,365
2,365
Others Red Sea3
1,627
Floating Hotels
Oman
TRevPAR*
(CHF)
FY 15
FY 14
60
53
20
27
1,117
64
27
27
Total Hotels4
767
U.A.E
The Cove
Jordan
Tala Bay5
ODH Group
GOP PAR*
(CHF)
FY 15
FY 14
48
13
14
18
17
(10)
(5)
61
41
39
13
12
13
4
88
32
(12)
(38)
561
51
33
101
71
18
3
346
346
70
75
196
203
69
82
-
260
24
45
23
42
(10)
2
7,759
7,383
56
50
55
47
12
11
1. Ocean View Hotel: In Q3 2015: 79 rooms have been converted to residential units resulting in a total number of rooms of 155.
2. During the FY 2015,only 4 hotels were operating (1,756 rooms) in Taba Heights. Whereby, all 6 hotels were operating until May 2014, we
shut down El Wekala and Bay View (both representing 609 rooms).
3. Citadel Azur, five – stars hotel with 514 rooms was added back to ODH’s hotel portfolio, post the settlement reached with Falcon Hotels,
also, in Q4 2015, we closed two hotels (Club Azur and Makadi Gardens) in Makadi after the airplane crash incident until business is back to
normal.
4. Sifawy number of rooms was reduced to 67 rooms and Al Fanar Hotel was opened with a total number of 218 rooms.
5. Marina Plaza Tala Bay Hotel in Jordan with a total capacity of 260 rooms was removed from the total number of rooms as of June 30, 2015
as it was sold in Q2 2015, yet the hotel's operational contribution for 1Q 2015 was included in the KPIs.
* All KPIs are calculated based on the number of operational rooms during the period.
28
Hotel KPIs 4Q 2015
Number of hotel
rooms
Occupancy*
rate (%)
TRevPAR*
(CHF)
GOP PAR*
(CHF)
Country
Destination
4Q 15
4Q 14
4Q 15
4Q 14
4Q 15
4Q 14
4Q 15
4Q 14
Egypt
El Gouna1
2,627
2,707
71
62
57
58
13
18
Taba Heights2
2,365
2,365
25
21
14
20
(31)
(7)
Others Red Sea3
1,627
1,117
50
61
33
43
8
11
Floating Hotels
27
27
19
7
135
56
27
15
Oman
Total Hotels4
767
561
71
51
119
100
22
11
U.A.E
The Cove
346
346
78
75
235
247
100
115
Jordan
Tala Bay5
-
260
-
-
-
-
-
-
7,759
7,383
62
51
65
58
15
14
ODH Group
1. Ocean View Hotel: In Q3 2015: 79 rooms have been converted to residential units resulting in a total number of rooms of 155.
2. During the Q4 2015, we closed 5 hotels in Taba Heights. In Q4 2015,only Sofitel hotel was operating with 442 rooms.
3. Citadel Azur, five – stars hotel with 514 rooms was added back to ODH’s hotel portfolio, post the settlement reached with Falcon Hotels,
also, in Q4 2015, we closed two hotels (Club Azur and Makadi Gardens) in Makadi after the airplane crash incident until business is back to
normal.
4. Sifawy number of rooms was reduced to 67 rooms and Al Fanar Hotel was opened with a total number of 218 rooms.
5. Marina Plaza Tala Bay Hotel in Jordan with a total capacity of 260 rooms was removed from the total number of rooms as of June 30, 2015
as it was sold in Q2 2015, yet the hotel's operational contribution for 1Q 2015 was included in the KPIs.
* All KPIs are calculated based on the number of operational rooms during the period.
29
Hotels performance update
Egypt

El Gouna, sustained a growing occupancy trend, increasing from 59% in FY 14 to 67% to FY 15. Strong cooperation with selected tour
operators, expanded distribution network (RTK) and the dynamic pricing system afforded a 10% increase in its TRevPAR.

Growth of the German business at Makadi Hotels , representing 23% , with more than 79,000 room nights in 2015 growing from 35,000
room nights in 2014. Shut down of 2 Makadi hotels as a cost cutting procedure following Russian flight suspension. Russian business
represented 56% of total Makadi Hotels’.

Reduced no of operating rooms in Taba to only 18% of total capacity (442 rooms) following the travel bans set on the region by all major
European countries. Operating Hotel reported an occupancy of 20% in FY 15.

Finalizing the development of the Ancients Sands hotel in El Gouna and Byoum Lakeside Hotel in Fayoum, both are due to open in Q2
and Q3 2016 respectively.
Oman

A notable growth in Oman’s Hotels. Occupancy grew from 33% in FY 14 to 51% in FY 15 & GOPPAR grew from CHF 3 to CHF 18 in FY 15.

Salalah Beach, marked the completion of the 700-room phase one milestone of our Omani hotel development plan with the opening of
Al Fanar Hotel & Residence, a 218-room. In Q1 16, the Hotel reported an average occupancy of 81%.
UAE

Upgrading the hotel’s Staff Housing Complex to a five-star extension, we used 50 rooms from the existing Hotel to serve the employees
which temporarily affected the total hotel’s performance. New Housing Facility opened in November 15 and in Q1 16, occupancy
recovered to report a growth from 67% to 77% y-o-y.

30
Finalizing construction of The Cove extension, adding 145 rooms schedule to be opened during 2016.
Advanced Negotiations For An Optimum Debt Refinancing Package
 Management
is
currently
undergoing
a
restructuring
program in an
effort to de-lever
OHD’s
balance
sheet down to
normalized levels
 The Company is
planning to pay
down ~EGP 700 mn
(CHF 87.6 mn) of
which the company
had already paid
EGP 264 mn (CHF
32.9
mn) for
capitalized interest
and past dues and
is negotiating with
banks to reschedule
EGP 2,267 mn (CHF
283.6 mn)
507
600
128
(168)
Net Debt
Build-up
(CHF mn) 1
225
400
Hotels
131
339
500
Total Debt
Breakdown by
Entity
(CHF mn) 1
154
300
200
100
Corporate
376
-
Overdrafts
LTD
CPLTD
Total Debt
Cash
Net Debt
136
17%
Loans Runoff
Before
Rescheduling
(CHF mn) 2
69
Total debt by
currency
( %,) 1
71
27
22
18
12
4
1
1
72
Loans Runoff
After
Rescheduling
(CHF mn) 3
57
75
70
66
35
10
Weighted average cost of
debt (%)1
19
2
1 Figures are as of ODH Financial Statements of FY 2015
2 Sum of LTD and CPLTD, excluding Tamweel
3 Planned outstanding debt including overdraft facilities and excluding Tamweel, after paying off CHF 51.6 mn
38%
EGP
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
2
38%
7%
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
31
507
USD
EUR
Others
31.12.15
31.12.14
7.52
7.56
Analysis of Current Market Prices Suggests that ODH’s Other Projects are Attractively Priced
19
17
465
1
(165)
The Market Values ODH’s Other Projects at a Deep Discount to Book
175
ODH Net
Debt
Build-up
(CHF mn)
300
254
42
Short term
debt
Long term shareholders
Land
debt
loan
Liabilities
Total Debt
Cash
60
Net Debt
16
14
15
489
37
73
278
233
260
300
1
Net Debt
Breakdown
by Entity
(CHF mn)
1
40
OHD Net Debt
Equity
Value
Analysis
(CHF mn)
211
Other Projects Net Debt
ODH Consolidated Net
Debt
414
278
161
ODH Market Cap
2
137
Other
Other
Market
Projects’ Projects’ Implied
Book
Equity Discount
Value
Value
These figures represent the net BV3 of each of ODH’s Other Projects,
totaling CHF 489 mn. This implies a deep discount (CHF 211 mn) to the
equity value derived by the market
OHD Market Cap 2 ODH Propotionalte 2 Other Projects's
Stake in OHD
Equity Value
4 This represents the total consideration at which Cape Citadel (a 5-star hotel on the Red Sea Coast) was priced according to a
Excludes debt held on Tamweel; the company’s leasing arm
legal dispute between ODH and Falcon
2 As of December 31st , 2015
3 Net BV represents equity value + quasi-equity; which are amounts due to ODH and expected to be capitalized at a later stage
1
32
Snap Shot - Income Statement And Balance Sheet FY 2015 , CHF Million
Summary Income Statement
Revenue
FY 2015
FY 2014
306.1
250.5
Cost of sales
(235.0)
(213.0)
Gross profit
71.1
37.5
Gross profit margin
23.2%
15.0%
Profit / (loss) before tax
(18.3)
46.9
(4.2)
(10.8)
(19.0)
36.1
(3.5)
(5.8)
31.12.15
31.12.14
Property, plant and equipment
940.4
886.8
Inventories
191.3
305.6
Receivables
234.7
146.9
Cash and bank balances
167.6
100.7
Total assets
1,808.6
1,781.0
Borrowings
507.1
531.7
Payables
47.0
60.0
Other Liabilities
215.4
368.1
Total Equity
956.6
821.2
Income tax expense
Non-controlling interests
Net profit / (loss)attributable to ODH shareholders
Selected Balance Sheet Items
33
ODH Shares - Shareholding Structure*
Shareholders by Country
Shareholders Breakdown
Shareholders by Type
23%
36%
36%
42%
51%
4%
73%
3%
13%
8%
Cayman Islands
Egypt
Others
10%
1%
Greece
Switzerland
Dispo Shares
Share Information
No. of Registered Shares: 25,692,614
No. of Dispo Shares: 14,717,312
Market Capitalization**: CHF 414.2 mn
Reuters Code: ODHN.S
Index: SPI Index
34
* As of 31.12.2015
ISIN Code: CH0038285679
** As of 31.12.2015
Institutions
Retail
Dispo Shares
Samih O. Sawiris
Janus Capital Management LLC
Other
ODH EDR - Shareholding Structure*
Shareholders by Country
Shareholders Breakdown
Shareholders by Type
2%
6%
14%
17%
12%
1%
2%
4%
18%
8%
68%
68%
81%
Egypt
UK
KSA
Other
Samih O. Sawiris
Samih O. Sawiris
Insitiutions
Other Retail
OIM PROJECTS LIMITED
DELLCREST CORPORATION
Share Information
No. of Registered Shares**: 185,374 mn
Reuters Code: ODHR.CA
ISIN Code: EGG676K1D011
* As of 31.12.2015
** Implying a conversion ratio of 20:1, where 20 EDRs in Egypt are equivalent to 1 registered share in Switzerland.
35
First Arabian Development &
Investment Co.
Arab Investment
Other
Agenda
ODH: Leading Developer of Fully Integrated Towns
Projects Overview
Page 4
Page 11
Page 22
Operational and Financial Summary
Appendices
36
Page 22
Page 37
Appendices
37
New & Ongoing Real Estate Launches
38
Egypt, El Gouna
Joubal Views , Extension to Joubal
Launched
Project Description
Built on carefully crafted elevated land & designed to give residents a panoramic view of their surroundings. From
different levels; residents can see the marina, the sea, and the mountains.
Location
Launch Date
Footprint (sqm)
Sales Plan
Final Delivery
39
Product 2
Product 1
Key Facts
El Gouna, Egypt
September 2015
1,304
1 year
September 2018
Type
No of units
Total BuA (sqm)
Inventory value, USD
Twin Villas
8
1,336
3,600,000
Type
No of units
Total BuA (sqm)
Inventory value, USD
Villas
5
1,225
3,750,000
Egypt, El Gouna
Launched
Joubal Lagoon Phase 2
Project Description
Directly overlooking the lagoon and golf course, adding more features to the Joubal project units.
Product 1
Key Facts
Location
Launch Date
Total Project Area (m2)
Footprint (m2)
Sales Plan
Final Delivery
40
El Gouna, Egypt
September 2015
52,000
3,073
1 year
September 2017
Type
No of units
Total BuA (sqm)
Inventory value, USD
Product 2
Twin Villas
26
4,342
13,520,000
Type
No of units
Total BuA (sqm)
Inventory value, USD
Villas
5
1,715
4,400,000
Egypt, El Gouna
Sabina – Twin Villas
Launched
Project Description
Inspired from Nubian like design with a new modern edge, using earth colors , designed to give residents the luxury of
space and privacy of their own pools and gardens.
Key Facts
Location
Launch Date
Product Type
Total Project Area (sqm)
Footprint (sqm)
Total BUA (sqm)
No of units
Inventory value, USD
Sales Plan
Final Delivery
41
El Gouna, Egypt
September 2015
Twin Villas
33,454
2,715
4,704
30
12,600,000
1 years
September 2018
Egypt, El Gouna
Water Side Condos Newly launched
Project Description
Apartment Blocks, targeting Egyptian young families, offering affordability , function-ability & exclusivity, overlooking
a unique water feature.
Key Facts
Location
Launch Date
Product type
Total Project Area (sqm)
Footprint (sqm)
Total BUA (sqm)
No of units
Inventory value, USD
Sales Plan
Final Delivery
42
El Gouna, Egypt
December 2015
Apartments
45,643
5,897
16,876
145
32,698,083
2 years
December 2019
Egypt, El Gouna
Fanadir Bay Newly Launched
Project Description
Fanadir Bay brings intelligently designed waterfront units to one of its most exclusive neighborhoods yet with its vast
spaces and unique architecture, nothing stands against its originality.
Key Facts
Location
Launch Date
Product Type
Total Project Area (sqm)
Footprint (sqm)
Total BUA (sqm)
No of units
Inventory value, USD
Sales Plan
Final Delivery
43
El Gouna, Egypt
April 2016
Villas and Twin Houses
224,300
8,728
17,144
85
60,000,000
2 years
2020
Egypt, Fayoum
Byoum - Fayoum To be launched in 4Q16
Project Description
Directly overlooking the spiritual lake of Qarun, plans are set to develop two luxury residential communities and a hotel
Key Facts
Location
Launch Date
Total Project Area (m2)
Footprint (m2)
Sales Plan
Final Delivery
Inventory Value, EGP
44
Fayoum, Egypt
Q1 2016
3,935 m2
1,910 m2
1 year
Q4 2025
30,000,000 (USD 3,900,000)
Oman
Salalah Beach
Ongoing RE Launched Projects
Key Facts
Key Facts
Type
Al Fanar Apartments
Type
Total BuA (sqm)
4,395
Total BuA (sqm)
No of units
No of units
Inventory value, OMR
78
2,784,563 (USD 7,232,624 )
Inventory value, OMR
54
10,928,000 (USD 28,384,387)
Avg Price/m2 (OMR)
2,202 (USD 5,718)
Avg Price/m2 (OMR)
1,051 (USD 2,730)
Sold to date %
68%
Sold to date%
43%
45
Salalah Villa
18,087
Oman
Jebal Sifah
Key Facts
Key Facts
Type
Total BuA (sqm)
No of units
Inventory value, OMR
Average Selling Price/m2 (OMR)
Villa
16,748
51
5,185,000 (USD 13,467,519)
1,044 (USD 2,711)
Sold to date %
71%
46
Type
Total BuA (sqm)
No of units
Inventory value, OMR
Average Selling Price/m2 (OMR)
Sold to date %
Apartment
26,438
148
4,112,952 (USD 10,682,981)
1,278 (USD 3,319)
87%
Montenegro
Lustica Bay
Ongoing RE Launched Projects
Key Facts
Launch Date
Type
Project Area (sqm)
Total BuA (sqm)
No of units
Inventory value, EUR
Sold to date (%)
Sales Plan
Final Delivery
47
Key Facts
Key Facts
July 2013
Villa
7,276
2,840
4
9,200,000
(USD 10,120,000)
50%
2 Years
Q4, 2018
Launch Date
Type
Project Area (sqm)
Total BuA (sqm)
No of units
Inventory value, EUR
Sold to date (%)
Sales Plan
Final Delivery
July 2013
Apartment
8,473
6,564
44
15,952,415
(USD 17,547,656)
82%
1 Year
Q1, 2017
Launch Date
Type
Project Area (sqm)
Total BuA (sqm)
No of units
Inventory value, USD
Sold to date (%)
Sales Plan
Final Delivery
June 2014
Apartment
7,589
7,609
44
16,919,297
(USD 18,611,226)
61%
1 Year
Q2, 2017
Hotels Portfolio
48
El Gouna - Hotels Map
49
*****
12 Rooms
*****
420 Rooms
A luxury guesthouse directly set on the
northern shores of Mangroovy Beach
and its kitesurfing stations. A
brainchild of an antiques collector, the
hotel offers seclusion making it an
ideal hideaway for luxury seekers.
*****
134 Rooms
An upscale beachfront resort offering
a relaxing atmosphere combined with
a lavish selection of on-ground
facilities from diving to kitesurfing,
world renowned Angsana Spa outlet
and a nearby professional 18-hole golf
course.
*****
268 Rooms
*****
A family-oriented hotel featuring
colorful hillside accommodations
reminiscent of Tuscan homes, select
villas spread around a swimming
lagoon, as well as deluxe seafront
rooms benefiting from prime views
over the hotel’s sheltered bay. Hotel
guests have exclusive access to the
private Bellevue Beach
****
54 Rooms
339 Rooms
An award winning architectural mix of
Arabian and Egyptian styles by the
internationally renowned Michael
Graves. The beachfront resort is built
on nine islands surrounded by gardens
offering mouthwatering cuisine, private
beaches, outdoor heated pool, and
water sports.
50
A stylish Nubian oasis exclusively
situated on El Gouna’s Championship
18-hole golf course. Complemented by
stunning architecture, breathtaking
landscapes, sparkling lagoons, the hotel
is home to a spa and fitness center for
ultimate serenity and rejuvenation.
Be it an absolute romantic holiday or a
blend of romance and action, this 4-star
hotel de charm is the spot. Boasting he
most relaxing views of the New Abu Tig
Marina coupled with some special treats
for an unforgettable romantic holiday,
the Adults Only hotel is minutes away
from El Gouna’s northern beaches.
****
239 Rooms
A beachfront resort with an all
inclusive program. The 4-star hotel is
built along a virgin beach expanse of
a protected bay. Club-style animation
and a myriad of sports activities make
it a perfect choice for active families..
The 4-star all inclusive resort managed
by a family-owned Belgian hotel chain.
Offering unparalleled Red Sea holidays
for families with children, the resorts’
unique architectural design is
complemented by lush landscaped
gardens
The Three Corners Ocean View offers a
4-star all inclusive experience in an
Adults-Only environment. The hotel is
home to two unique clusters, Le Soleil
and Du Port, each offering a unique
atmosphere with one overlooking the
seafront and the other with fabulous
Marina views
Overlooking the New Abu Tig Marina
with direct access to El Gouna’s northern
beaches, Mosaique Hotel is ideal for sun
and adventure seekers. The ultra fourstar hotel boasts cool décor, modern
flair and amenities tailored to the
convenience of its guests
****
66 Rooms
****
115 Rooms
****
434 Rooms
51
****
234 Rooms
****
69 Rooms
Capturing the essence of Egypt with its
winding alleys and stunning features,
the hotel overlooks El Gouna’s lagoons
and offers a tropical garden setting in
the heart of the town with easy access
to the vibrant Tamr Henna Square.
A charming Adults Only authentic hotel
fashioned to reminiscent an Upper
Egypt’s Mayor’s mansion in its most
romantic
setup.
The
hotel
is
complemented by superb interior
design, a private lagoon beach and is
adjacent to El Gouna’s lively Downtown
area.
Updated
***
50 Rooms
Directly overlooking the Abu Tig Marina
promenade, minutes away from the
beach, the 3-star Captain’s Inn is one of
El Gouna’s most sought after small
hotels welcoming divers, kite surfers,
and partygoers.
***
177 Rooms
Arena Inn offers all the amenities and
comforts of a holiday resort with a private
swimming pool and beautifully designed
waterfront restaurant. Hotel guests enjoy
access to a full-service beach.
52
***
28 Rooms
***
67 Rooms
In the heart of the Abu Tig Marina with
the most luxurious views and the most
convenient accessibility! Famed for its
terrace, Ali Pasha’s nightly beauty is
complemented by the delicacies served
at the town’s only Indian Restaurant,
Tandoor.
With only 28 guestrooms in the
beautiful Abu Tig Marina, Turtle’s
Inn is one of El Gouna’s most
sought-after
addresses.
This
modern hotel offers tastefully
furnished rooms, refreshing style,
and personalized service.
Taba Heights- Hotels Map
53
*****
503 Rooms
*****
426 Rooms
Consisting of three separate structures
linked by tropical garden pathways and
resting on a prime waterfront location,
the resort offers breathtaking views of
the sea, pool and desert mountains. The
hotel offers 10 restaurants and bars,
exclusive entertainment and with its
state-of-the-art conference facilities, the
hotel is the perfect business retreat.
Swimming pools and a fully equipped
health club.
Beautifully framed by the pristine
natural environment, award winning
architect Michael Graves created the
beachfront resort as a paint box of
colors and quirky shapes of Egyptian
vaults and dome village styled
architecture. Home to 3 swimming
pools and a saltwater lagoon with its
own beach, eight restaurants, a wide
array of leisure facilities, the town’s
only Casino
*****
385 Rooms
*****
442 Rooms
The 4-star all inclusive resort
managed by a family-owned Belgian
hotel chain. Offering unparalleled
Red Sea holidays for families with
children,
the
resorts’
unique
architectural design is complemented
by lush landscaped gardens
54
****
394 Rooms
The beachfront resort is situated on
over 44 acres of lush gardens, 2800
sqm of pools and waterfalls with over
500sqm of pristine private beach and
houses seven exclusive dining outlets,
a private Spa, a Steam Room, Swedish
Sauna treatments and Jacuzzi.
****
215 Rooms
A signature Club Med Resort in the heart
of
Sinai.
Providing
exceptional
opportunities to discover the region’s
famous attractions, the unique Resort is
set on a beautifully preserved bay
covering 27 hectares, flanked by a 600
yard stretch of private beach offering an
ideal site for exploring the fabulous
underwater life of the Red Sea
Capturing the essence of Egypt with
its winding alleys and stunning
features, the hotel overlooks El
Gouna’s lagoons and offers a tropical
garden setting in the heart of the
town with easy access to the vibrant
Tamr Henna Square.
*****
491 Rooms
****
339 Rooms
Makadi is settled in the heart of the Red Sea tourism hub located only 25
kilometers away from Hurghada International Airport and just a short drive
from the bustling shopping and dining venues of Hurghada and Sahl
Hasheesh. Featuring a variety of residential units, hotels, commercial and
entertainment areas, as well as all the supporting infrastructure and
services, Makadi allows individuals and families to benefit from a more
active lifestyle.
55
Located at Makadi bay, one of
Hurghada’s fascinating shores,
25km away from Hurghada
International airport, the All
Inclusive beachfront resort
overlooks its own spacious
private sandy beach, offering
seven restaurants & bars, a fully
equipped watersports center,
two tennis courts, a squash
court, billiards, a fully equipped
fitness room and 2 swimming
pools.
Only 25km away from Hurghada
International
airport,
the
beachfront resort is easily
accessible
offering
seven
restaurants & bars, a fully
equipped watersports center, two
tennis courts, a squash court,
billiards, a fully equipped fitness
room and 2 swimming pools
Ideally located only a few
kilometers away from Hurghada,
Sahl Hasheesh and Safaga; the
Adults Only Azur Makadi Gardens
Hotel provides easy access to
****
most of the Red Sea’s world-class
287 Rooms waterfront destinations with
clustered facilities with its sister
hotels Royal Azur and Club Azur.
*****
346 Rooms
Located on an idyllic water inlet on the Ras Al
Khaimah beachfront overlooking the Arabian
Gulf with 600 m of pristine beach, the Cove
Rotana encompasses a number of Villas that
are ideally designed to accommodate families
of a group of friends. With a Nubian touch in
their design, the Villas are well-crafted and
aesthetically designed to offer comforts that
you would expect of a 5-star resort and much
more. From spacious Living rooms, private
terraces, spectacular views of the Arabian Gulf
to the lagoon or lush green hills, each of the
Villas are designed to anticipate and cater to
your every need
Its ideal location at the entrance of the emirate made the development a regional
investment and leisure attraction. Extending over about 300,000 sqm, The Cove overlooks
600m of private beach and comprises an internationally renowned 5-star hotel operated
by Rotana, exclusive real estate, and a range of upscale services and amenities. State-ofthe-art leisure and urban facilities are within easy reach as the development is in close
proximity to two golf courses, several shopping malls and supermarkets, international
schools and hospitals of international standard.
www.thecove-uae.com
56
****
67 Rooms
Designed by renowned Italian designer
Alfredo Freda, the Sifawy Boutique Hotel is
ideally located only 45 minutes away from
the capital city of Muscat in the heart of the
picturesque marina town.
Jebel Sifah, Orascom Development’s third biggest town, is only an hour away from the Muscat
city center stretching across 5 km of beachfront. Jebel Sifah boasts a planned 950 residential
units, an18-hole PGA golf course, and an 84-berth inland marina surrounded by a picturesque
marina town.
Orascom Hotel Management currently operates the Sifawy Boutique Hotel, and further plans
to develop five 5-star hotels including some of the world’s most prestigious brands, among
them the Four Seasons. Restaurants, cafés, luxuriously-appointed spas, and boutiques
featuring the latest fashion complete the town’s offerings.
www.jebelsifah.com
57
Updated
*****
400 Rooms
*****
82 Rooms
Offering a spectacular landscape of fertile plains, fresh water springs, and
lush coconut trees enhanced by the monsoon during the summer, Salalah
Beach is the Group’s first and the region’s only tropical destination. Located
on the southern part of Oman, Salalah Beach is a large family-oriented
complex boasting over 8 km of beachfront on the Arabian Sea as well as a
man-made lagoon system extending the sea inland. Once fully developed,
it comprises high-end luxury apartments and villas, restaurants and cafés,
shopping and retail outlets, hotels - ranging from boutique to five-star
beach resorts, a 200-berth inland marina, as well as two 18-hole PGA golf
courses.
58
****
218 Rooms
A newly opened hotel offering a
unique
holiday
experience
capitalizing
on
the
Rotana’s
understanding
and
hospitality
expertise, the upscale hotel’s
Omani-inspired
architecture
features a series of clusters
surrounding the main building,
housing major public facilities and
amenities.
Nestled on the picturesque marina
promenade of Salalah Beach and
facing the Indian Ocean, the hotel
offers traditional lifestyle and values
expressed
in
the
glowing
architecture and aromatic food
along
with
the
scents
of
frankincense
and
sandalwood.
Among the recreational facilities are
2 large swimming pools, a state-ofthe-art wellness center and intimate
guestrooms.
Designed by renowned Italian
designer Sandro Serapioni, this
distinctive property offers a unique
blend of contemporary design and
serene Arabian architecture. This 4
star deluxe Hotel boasts 218
guestrooms and suites, a variety of
restaurants and bars, stylish meeting
rooms, a distinct spa, and an 800square
meter
infinity
pool
overlooking the only tropical stretch
of beach in the region.
Income Statement
All figures are in CHF mn, unless otherwise
noted
Egypt
Oman
UAE
Montenegro
Others
Total Revenues
Cost of sales
Depreciation Expense
Gross Profit
% Margin
Administrative expenses
Investment income
Other gains and losses
Finance costs
Share of profit of associates
Profit / (Loss) before tax
% Margin
Income tax expense
Profit / (Loss) from continuing operations
% Margin
Profit / (Loss) from discontinuing operations
Total income statement
Non-controlling interests
Owners of the Parent Company
Total income statement
Finance costs
Income tax expense
EBIT
% Margin
Depreciation Expense
EBITDA
% Margin
59
2010
2011
2012
2013
2014
2015
383
84
29
20
516
(310)
(30)
175
34%
(58)
12
19
(7)
(2)
141
27%
(19)
122
24%
122
27
95
208
6
27
15
256
(208)
(28)
20
8%
(81)
12
(13)
(8)
(5)
(76)
(30)%
(0)
(76)
-30%
(76)
(7)
(70)
211
18
30
14
272
(219)
(30)
23
9%
(66)
6
(33)
(9)
(1)
(79)
(29)%
(11)
(90)
-33%
(11)
(101)
(4)
(97)
161
15
29
17
221
(187)
(28)
6
3%
(71)
5
(39)
(31)
(10)
(140)
(63)%
(21)
(160)
-72%
(7)
(167)
(10)
(158)
179
30
27
14
251
(188)
(25)
37
15%
(45)
4
93
(33)
(9)
47
19%
(11)
36
14%
36
(6)
42
220
36
27
19
4
306
(209)
(26)
71
23%
(39)
10
(7)
(34)
(19)
(18)
-6%
(4)
(22)
-7%
(22)
(3)
(19)
122
7
19
148
29%
30
178
35%
(76)
8
0
(68)
-27%
28
(40)
-16%
(101)
9
11
(82)
-30%
30
(52)
-19%
(167)
31
21
(116)
-52%
28
(88)
-40%
36
33
11
80
32%
25
105
42%
(22)
34
4
15
5%
26
41
13%
Balance Sheet
All figures are in CHF mn
2010
2011
2012
2013
2014
2015
Cash & Bank Balances
Net Receivables
Due from Related Parties
Inventories
Other Current Assets
Total Current Assets
Property, Plant and Equipment
Investment Property
Goodwill
Investment in Associates
Long-Term Receivables2
Other Non-Current Assets
Assets Held for Sale2
Total Assets
276
159
24
260
130
849
926
78
8
35
108
88
2,093
79
137
45
478
88
828
969
76
8
29
102
70
2,083
102
95
18
499
82
795
1,003
79
7
19
94
85
2,083
73
52
17
357
62
562
767
10
7
104
33
42
150
1,673
101
96
37
306
114
654
887
12
7
112
84
25
1,781
168
71
35
191
103
568
940
11
6
101
165
18
1,809
Trade and Other Payables
Borrowings2
Due to Related Parties
Current Tax Liabilities
Provisions
Shareholders’ Loan
Other Current Liabilities
Total Current Liabilities
Land Liabilities
Borrowings2
Other Non-Current Liabilities
Liabilities Held for Sale2
Total Liabilities
Minority Interest
Shareholders' Equity
Total Liabilities & Equity
57
241
3
16
57
28
138
540
36
271
54
900
198
996
2,093
58
282
6
6
90
23
181
645
32
254
58
990
241
853
2,083
50
324
17
5
79
9
251
735
32
279
60
1,106
236
740
2,083
30
198
16
3
96
39
157
550
26
211
46
79
911
219
543
1,673
37
274
3
6
83
71
157
631
23
258
48
960
200
621
1,781
30
282
2
5
82
19
146
566
17
225
44
852
232
725
1,809
1
The drop was due to the deconsolidation of OHC
The fluctuations in those accounts from 2012 – FY 2014, are due to the reclassification of CMAR and Tamweel as “Assets Held for Sale” in 2013, before reversing the reclassification of Tamweel and retaining it in
9M 2014
2
60
Executive Management Team
Khaled Bichara
CEO of ODH
61
Mr. Bichara currently holds the position of Chief Executive Officer of Orascom Development Holding. He is also a Co-Founder of Accelero Capital.
He previously served as Group President and Chief Operating Officer of VimpelCom Ltd (“VimpelCom”). He was also Chief Executive Officer of Orascom
Telecom Holding S.A.E. (“OTH”) as well as Chief Operating Officer of Wind Telecomunicazioni S.p.A. (“Wind Italy”). He played a pivotal role in the merger
of VimpelCom with Wind Telecom S.p.A, (“Wind Telecom”) for a total consideration of USD 25.7Bn to create the world’s sixth largest
telecommunications carrier. Mr. Bichara managed ten operations across the globe through OTH and Wind Italy and 22 operations across the globe
through VimpelCom. He was the Co-founder, Chairman and CEO of “LINKdotNET”. In 2011, Mr. Bichara also served as Group Executive Chairman of OTH
as well as Chairman of Wind Italy. Mr. Bichara currently serves as a board member of various telecom and IT companies, including Orascom Telecom
Media and Technology Holding S.A.E.; SUPERNAP International S.A., the developer of the world-renowned SUPERNAP data centers; and Joyent Inc., a
global provider of cloud computing software and services. He is the chairman of the board of Italiaonline S.p.A., the leading Italian Internet Platform and
the #1 email service in Italy; as well as the chairman of the board of SEAT Pagine Gialle S.p.A., the Italian leader in internet services for SMEs (website,
directories, local adv). He is also a board member of Orascom Construction Limited, a company dually listed on NASDAQ Dubai and the Egyptian Stock
Exchange. Mr. Bichara is also a member of the Advisory Board for the Computer Science and Engineering Department of the American University in
Cairo. He was previously a member of the GSMA board. Mr. Bichara holds a Bachelor of Science degree from the American University in Cairo.
Eskandar Tooma
CFO of ODH
Mr. Tooma is a tenured professor of finance at the School of Business, the American University in Cairo. He has also held a visiting associate professor
(reader) position with Imperial College’s Business School in London, England. He is a member of the American Economic Association (AEA), the American
Finance Association (AFA) and also the secretary general of the African Finance Association. Mr. Tooma has always combined academic experience with
practical exposure through assuming a variety of public and private professional posts. From 2005 to 2008, he was senior advisor to the Egyptian Capital
Market Authority, as well as a member of a variety of committees including the EGX30 Index Committee, Market Advancement Committee at the
Egyptian Stock Exchange, an advisor and member of the Derivatives and Commodities Exchange Committee with the Ministry of Investments and an
advisor to the Ministry of International Cooperation on Egypt’s Debt Swap Experience. Privately, he has advised leading financial institutions including
Citadel Capital Private Equity, Beltone Financial Holding and the Arab African International Bank. Tooma has sat on the board of EGX listed and actively
traded companies including Telecom Egypt (TE), Egyptian Resorts Company (ERC), Madinet Nasr for Housing and Development (MNHD) and Orascom
Hotels and Development (OHD). In 2015, he joined the oversight board of the HSBC money market fund. Mr. Tooma obtained his BA in business from The
American University in Cairo and Adelphi University. He holds two M.S. degrees, the first in finance and the second in international economics from
Adelphi and Brandeis Universities respectively. Finally, he holds a PhD in finance from Brandeis University.
Abdelhamid
Abouyoussef
ODH Chief Hotel
Officer
Eng. Abouyoussef started his career in design and installation of hotel electro-mechanical systems in 1998.He soon moved to project management in
hotel construction, in addition to being the owner’s representative at Amphoras Holiday Inn, Sharm El Sheikh. He now has his own company, Shores
Hotels currently managing 1,600 rooms across Egypt. He also founded a travel agency that handles over 100,000 tourists per year. Eng. Abouyoussef
helped develop Orascom Hotels Management, a JV between ODH and Shores, to manage OHD’s entire hotels portfolio, and other hotels on the ODH
level. Eng. Abouyoussef received his B.S. in Mechanical Engineering from the American University in Cairo and a Masters of Science degree from the
University of California at Berkeley
Board Of Directors
Samih Sawiris
Chairman
Non-Executive
Member
After receiving his Diploma in economic engineering from the Technical University of Berlin in 1980, Mr. Sawiris founded his first company, National
Marine Boat Factory. In 1996 he established Orascom Projects for Touristic Development and in 1997 Orascom Hotel Holdings, the two companies that
later merged to form Orascom Hotels & Development S.A.E. Further-more, Mr. Sawiris established El Gouna Beverages Co. in 1997, which he sold in
2001 when it was the largest beverage company in Egypt. As of April 1, 2014, Mr. Sawiris took over the position of the CEO on ad-interim basis of
Orascom Development and serves as Chairman of the Board of Directors.
Eskandar Tooma
CFO of ODH
Mr. Tooma is a tenured professor of finance at the School of Business, the American University in Cairo. He has also held a visiting associate professor
(reader) position with Imperial College’s Business School in London, England. He is a member of the American Economic Association (AEA), the
American Finance Association (AFA) and also the secretary general of the African Finance Association. Mr. Tooma has always combined academic
experience with practical exposure through assuming a variety of public and private professional posts. From 2005 to 2008, he was senior advisor to the
Egyptian Capital Market Authority, as well as a member of a variety of committees including the EGX30 Index Committee, Market Advancement
Committee at the Egyptian Stock Exchange, an advisor and member of the Derivatives and Commodities Exchange Committee with the Ministry of
Investments and an advisor to the Ministry of International Cooperation on Egypt’s Debt Swap Experience. Privately, he has advised leading financial
institutions including Citadel Capital Private Equity, Beltone Financial Holding and the Arab African International Bank. Tooma has sat on the board of
EGX listed and actively traded companies including Telecom Egypt (TE), Egyptian Resorts Company (ERC), Madinat Nasr for Housing and Development
(MNHD) and Orascom Hotels and Development (OHD). In 2015, he joined the oversight board of the HSBC money market fund. Mr. Tooma obtained his
BA in business from The American University in Cairo and Adelphi University. He holds two M.S. degrees, the first in finance and the second in
international economics from Adelphi and Brandeis Universities respectively. Finally, he holds a PhD in finance from Brandeis University.
Adil Douiri
Non-Executive
Member
Franz Egle
Non-Executive
Member
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Mr. Douiri is the founding shareholder and CEO of Mutandis, a Moroccan consumer goods company established in 2008. Mr. Douiri served in His
Majesty King Mohamed VI’s Government as Minister of Tourism (2002-2007) and later as Minister for Tourism, Crafts & Social Economy (2004-2007). In
1992 Mr. Douiri founded Casablanca Finance Group (later renamed CFG Bank), the country’s first investment bank. Until 2002 he acted as chairman of
its supervisory board and is still a board member. He is also a board member of MFEx, a Stockholm based Technology Company serving the financial
industry, and Holcim Maroc, a publicly listed company at the Casablanca stock exchange, subsidiary of Holcim group (now Lafarge Holcim). Mr. Douiri
graduated as an engineer from the Ecole Nationale des Ponts & Chaussées (ENPC) in Paris.
Mr. Egle’s background is in strategy development, corporate communications, media and PR. After holding senior positions in the private sector he was
in charge of communications at the Swiss Federal Department of Foreign Affairs and advisor to the Minister of Foreign Affairs (1993-1998). Before cofounding Dynamics Group, a Swiss company providing strategic consulting, communication management and research analysis, Mr. Egle was a partner
of Hirzel. Schmid.Nef Konsulenten, a communication and financial consultancy firm (1999- 2006). Mr. Egle holds a Doctor’s degree in sociology from the
University of Zurich. Dynamics Group, where Mr. Egle is a Senior Partner, has been retained by the Group to provide services in the field of
communications
Board Of Directors
Carolina Müller- Ms. Müller-Möhl holds a M.A. in Political Science. Since 2000, she has managed and presided over the Müller-Möhl Group. She has served as a Board
Member of Nestlé S.A. (2004-2012) and currently sits on the Boards of Neue Zürcher Zeitung and Fielmann AG. Further she sits on more than a dozen
Möhl
Non Executive
Member
Jürgen Fischer
Non Executive
Member
Marco Sieber
Non Executive
Member
Jürg Weber
Non Executive
Member
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foundation and advisory boards, including the Department of Economics at the University of Zurich and the renowned Think Tank Avenir Suisse. She is
also a member of the Board of Trustees of the Bertelsmann-Foundation in Germany.
Mr. Jürgen Fischer is founder of "The Pearl Management Consultants" in Dubai, United Arab Emirates. Fischer is Non-Executive Chairman of Mövenpick
Hotels & Resorts after having served as Non-Executive Board member since 2008. He was CEO of Dubai Properties LLC, a major real estate developer in
the UAE. Besides looking after 20,000 residential leasing units, 50,000 m2 of retail space, thousands of "Built to Sell" apartments and villas and several
mas-ter developments in Dubai, he was as well involved in international developments of Sama Dubai Group in, among others, Morocco and Oman.
During his time with Dubai Properties a fully owned subsidiary of Dubai Holding and the sister company Tatweer he oversaw several theme park and
tourist projects. Between 1995 and 2008, Jürgen Fischer held several senior positions with Hilton International, such as President Commercial
Operations and President for Continental Europe, Middle East and Africa, as well as President of Scandic Hotels AB. Prior to joining Hilton, he worked for
the Walt Disney Company in different roles in Florida and Paris including Vice President Sales & Marketing for Disneyland Paris, Director of Resort
Development at Disneyland Paris and General Manager of the Grand Floridian Beach Resort & Spa at Walt Disney World, Florida. Fischer held several
hotel management positions in Europe and Middle East after starting his professional life as a chef in 1970. He later graduated from the Ecole Hôtelière
Lausanne, Switzerland and obtained an MBA with Honors from IMEDE/IMD, Lausanne in 1988. Since several years Fischer serves on the International
Advisory Commit-tee of Ecole Hôtelière Lausanne.
Mr. Sieber, born in Lucerne, Switzerland, studied economics at the Business School in Lausanne. After graduating with a business degree in 1989 he took
over the family owned company SIGA Ltd. Together with his brother, Mr. Sieber managed to transform SIGA Ltd. into a company which operates
internationally and which has over 400 employees. SIGA Ltd. develops and produces products for the construction sector, namely in the field of energysaving sealings. In 2012, Mr. Sieber also became majority shareholder in Baertschi Agrartecnic Ltd.
Mr. Weber holds an MBA and a Major in Finance and Strategic Planning from the Wharton School, University of Pennsylvania. Mr. Weber previously
studied Civil Engineering at the School of Engineering in Switzerland and Microeconomics and English at the University of California, Santa Barbara. Mr.
Weber is currently member of the Board of Directors from “AVIVA Sigorta A.S.”, which is domiciled in Istanbul, Turkey, and of “BENSYS HOLDING”,
which is domiciled in Amsterdam, Holland. He also is founder and owner of "GOLDEN HORN MANAGEMENT LTD". Since September 1, 2015, Mr. Weber
holds the position of Division CEO of SIX Payments Services and is therefore also a member of the SIX Group Executive Board. Previously Mr. Weber was
CEO of "BOYNER HOLDING", Turkey, a Partner of "McKINSEY & COMPANY, INC.", Turkey, a Consultant for "McKINSEY & COM-PANY, INC.", Switzerland,
an assistant to the Vice Chairman in "UBS PHILIPS & DREW", UK and a project manager and assistant to CEO with "UBS, BANK OF SWITZERLAND", New
York.
IR dashboard
Investor Relations Contact:
Sara El Gawahergy
Head of Investor Relations
Tel Dir +20 (0)22 461 89 61
Mobile EGY: +20 100 2185651
Mobile CH: +41 41 874 1711
sara.elgawahergy@orascomdhcom
[email protected]
www.orascomdh.com/en/investor-relations
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