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Trans-Century Group
An Overview
INVESTING IN AFRICA
Century Group
TransCentury at a glance
2008: TCL
becomes
public -
Shares of TCL
begin trading
on OTC market
2006: engagement
of full-time
management team
of experienced
professionals to run
the firm2004: TCL’s
initial buyout -
POWER TRANSPORT
the firm
1997: TCL
founded by
entrepreneurial
Kenyan investors
with an objective of
maximizing
shareholder value
initial buyout -
Investment in
EA cables
1
TRANSPORT AFFILIATEDENGINEERING
Board of directors (8)
Company Board of Directors
Zephaniah Mbugua, Chair Peter Kanyango
Njeru Kirira Robin Kimotho
Carol Musyoka
Board of directors (8)
Ngugi KiunaKanyango
2
Kimotho Joseph Karago
Dr. Gachao Kiuna
Experienced Management teamDr. Gachao Kiuna
Chief Executive OfficerYida Kemoli
Corporate finance & Strategy
Allan Munyua Geoffrey Njue
� Capital markets
investment banking
(JPMorgan), Africa PE
experience (Actis)
� MEng in Chemical
Engineering
� Corporate finance &
strategy consulting
(McKinsey)
� PhD Biotechnology, BSc
Biochemistry
Group Head of Infrastructure Group Head of Audit
Ng’ang’a Njiinu
� Business procurement,
Financial management
advisory
� Masters in settlement &
infrastructure development,
Bachelors of Architecture
� Financial analysis, planning &
strategy
� Chartered Financial Analyst,
MBA finance & investment
management
Group Head of Infrastructure
� Group audit experience at
Nestle and Industrial
Promotion Services
� CPA (Kenya)
� BSc in Civil Engineering
Group Head of Audit
Engineering and Trading
Janet Wanjiku
� Audit (Kenya Women
Finance Trust)
� Certified Public Accountant
(Kenya)
� Bcom
Management & Financial Accountant
Experienced Management team
Wambua Kimeu
Finance
Dr. Gachao Kiuna
Chief Executive Officer
Geoffrey Njue Mumo Muthengi
Corporate finance &
strategy consulting
(McKinsey)
PhD Biotechnology, BSc
Biochemistry
� Audit & Advisory (PwC)
� Certified Public
Accountant (Kenya)
� Bcom finance
Group Head of Audit Consumer and Investor Relations
Kibiru Muthaka
� Investment banking
(Deutsche Bank) and
private equity experience
� MBA (Harvard Business
School), BBA finance
Group audit experience at
Nestle and Industrial
Promotion Services
CPA (Kenya)
in Civil Engineering
Group Head of Audit Consumer and Investor Relations
� Bachelor of Science degree
in Finance from Towson
University, Maryland USA.
� level 3 candidate for the
CFA designation
Business Analyst
3
Wanjiku
Audit (Kenya Women
Finance Trust)
Certified Public Accountant
(Kenya)
Bcom finance
Management & Financial Accountant
4POWER
Under-penetration of electrification is a
common theme across the region
Installed capacity per capita
(MW/ 1000 people)
Installed capacity
(MW)
(Kenya)
(Uganda)
(Tanzania)
919
340
1,473
(Ghana)
(South Africa)
(USA)
964,754
40,498
1,490
Source: KPLC Rights Issue Presentation dated 26th November 2010, US Energy Information Administration
penetration of electrification is a
common theme across the region
Installed capacity per capita
(MW/ 1000 people)
14%
9%
16%
4
5
6
Electrification rate:
% of population
21.6
10.7
38.2
5
100%
70%
61%
1
2
3
3,172.9
831.8
62.4
Source: KPLC Rights Issue Presentation dated 26th November 2010, US Energy Information Administration
Libya
Tunisia
Algeria
Morocco
Guinea Bissau
Mauritania
Chad
Niger
Central African
Republic
Nigeria
Mali
Senegal
Liberia
Togo
Cameroon
Gambia
Sierra Leone
Guinea
Ivory
Coast
Benin
Democratic
Republic of
CongoGabon
Burkina
GhanaEquatorial
Guinea
Congo
Rwanda
Burundi
Headquarters: DRC, Congo
TCL’s Power infrastructure footprint
Angola
Zambia
Botswana
Namibia
South Africa
Lesotho
Swaziland
Manufacturing capacity
Sales offices
Kewberg, JHB, South Africa
� Specialty cables – instrumentation
and control cables
Headquarters: DRC, Congo
� Copper – house wires
� FOUR cable factories (Kenya, Tanzania, South Africa, Congo)
� ONE transformer factory (Tanzania)
Egypt
Eritrea
Sudan
Ethiopia
Somalia
Djibouti
Uganda
Kenya
Tanzania
Headquarters: NBO, Kenya
� Copper – house wires
� Copper - armored cables
� Aluminum conductors
� Data Cables
TCL’s Power infrastructure footprint
6
Tanzania
Mozambique
Malawi
Madagascar
Zimbabwe
Swaziland
Factory in DAR, Tanzania
� Copper – house wires
� Copper - armored cables
� Aluminum conductors
� Enamel winding wire
Headquarters: Arusha, Tanzania
� Transformers
� Switchgear
cable factories (Kenya, Tanzania, South Africa, Congo)
transformer factory (Tanzania)
TRANSPORT 7
10.0
12.0
14.0
16.0
18.0
20.0
MTs millions
As port volumes rose, railway volumes
continued their consistent decline
7.0
8.0
4.8
2.5
0.0
2.0
4.0
6.0
8.0
10.0
1980s 1990s
Port Volume
Source: Kenya Ports Authority and RVR estimates
12.9
19.0
As port volumes rose, railway volumes
continued their consistent decline
8
2.01.5
2000s 2010
RVR Volume
Rift Valley Railways
�Strong market fundamentals
�20mm tonnes of cargo at Mombasa Port
�Rail should be cheaper than road for homogenous point-to-point cargo
�Existing asset base
�c. 2,800 km of track
�c. 80 locos
The opportunity
�
�c. 4,000 wagons
�Railways in the region have been an employer of choice for the engineering community
�America Latina Logistica as the technical partner
�Strong financial partners
20mm tonnes of cargo at Mombasa Port
Potential of the rail
4,800
~1,500
>10,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
1980's Current Addressable market
To
nn
es
('0
00
's)
Kenya-Uganda Railway
9
Specialised Engineering
� Distribution & services- Weigh bridges � Engineering- Substation construction
10
TCL’s value creation
5
6
7
8
9
10
Sh
are
ho
lde
r fu
nd
s in
bill
ion
s
Note: Times Money Back calculation assumes investment of TCL Hold Co’s 2003 shareholder capital
No. of
Investments: 0 1 5 6 8 9 10 10
0.1
0
1
2
3
4
2003 2004 2005 2006 20071 x
Sh
are
ho
lde
r fu
nd
s in
bill
ion
s
6.9
25x
30x
35x
40x
45x
50x
43 x
11Note: Times Money Back calculation assumes investment of TCL Hold Co’s 2003 shareholder capital
Investments: 0 1 5 6 8 9 10 10
0x
5x
10x
15x
20x
2008 2009 2010
TCL’s focus going forward
Power
Infrastructure
Transport
Infrastructure
Existing � Cables
� Transformers
� Switchgear
� Kenya-Uganda
railway
Growth � Power Generation
� Transmission
� Logistics
Trans-Century Ltd
Transport
Infrastructure
Affiliated
Holdings
Specialised
Engineering
Uganda � Distribution &
Service
� Operations &
Maintenance
� Engineering
� Turn-key projects
� EPC
� Tea
� Banking
� Private equity
12
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