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ARAB MOLTAQA INVESTMENTS COMPANY - AMIC Investors Presentation June 2013

ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

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Page 1: ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

ARAB MOLTAQA INVESTMENTS COMPANY - AMIC

Investors Presentation

June 2013

Page 2: ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

Disclaimer

This document has been prepared by Arab Moltaqa Investments Company (AMIC) solely for the use at the analyst/investor presentation, held in connection with AMIC. The information contained in this document has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The information set out herein is subject to updating, completion, revision, verification and amendment and such information may change materially. AMIC is under no obligation to update or keep current the information contained in this material or in the presentation to which it relates and any opinions expressed in them is subject to change without notice.

This presentation includes forward-looking statements. These forward-looking statements include all matters that are not historical facts, statements regarding AMIC’s intentions, beliefs or current expectations concerning, among other things, AMIC’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which AMIC operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. AMIC cautions you that forward looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which AMIC operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if AMIC’s results of operations, financial condition and liquidity and the development of the industry in which AMIC operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. AMIC does not undertake any obligation to review or confirm analysts expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation.

2 AMIC Investors Presentation

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Outline

• Economy Overview

• About AMIC

Mission and Vision

AMIC Overview

Financial Highlights

Shareholders’ and Board Structure

Corporate Governance

Management Team

Strategy Forward

• Portfolio Overview

3 AMIC Investors Presentation

Page 4: ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

ECONOMY OVERVIEW

Page 5: ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

Egypt Economic Overview

5

Economic Growth

Inflation Rate

Exchange Rates R

ece

nt

De

velo

pm

en

ts

Real economy grew by just 2.2% y-o-y in the second quarter of fiscal year 2012/13 (October– December).

Inflation rose sharply in December 2012 as the pound depreciated more rapidly. The annual inflation rate increased by 1.45% reaching 9.75% in June 2013 compared to 8.20% in May 2013.

The depreciation of the pound has accelerated, with the currency losing 9% of its value between December 2012 and June 2013, to reach EGP/USD 7.05 instead of 6.01 in the last 2 years

Country Rating

The persistent budget deficit and renewed political turmoil resulted in further downgrading the country’s long-term rating to B- from B according to Fitch. In addition to this Moody’s downgraded Egypt’s Credit rating in March 2013 from B3 to Caa1. it is also worth noting that up until June 2013 there was no further downgrading by Moody’s.

AMIC Investors Presentation

Page 6: ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

ABOUT AMIC

Page 7: ARAB MOLTAQA INVESTMENTS COMPANY - AMIC€¦ · reach EGP/USD 7.05 instead of 6.01 in the last 2 years Country Rating The persistent budget deficit and renewed political turmoil resulted

About AMIC

• Arab Moltaqa Investments Company (AMIC) is an Egyptian joint stock company, established

under Law No. 230 of 1989, by the decision of Minister of Economy and Foreign Trade No. 2 of

1990, (later amended to Law No.95 of 1992)

• AMIC was listed in the Egyptian Exchange (EGX) under the symbol AMIA.CA since 1995.

• AMIC’s Total Assets Under Management (AUM) is EGP 2.0 Billion spanning over a wide range of

industries including poultry, pharmaceutical and health care, industrial, agriculture, financial,

real estate, and commercial.

• AMIC aims to create value to its shareholders through launching and executing strategic

initiatives; integrating subsequent acquisitions; arranging for debt and/or equity financing for

current and potential investments.

• AMIC is well positioned to benefit from the unique advantage of being one of the first Sharia-

compliant private equity firms in Egypt.

7

Target

To establish one of the leading private equity firms in the Egyptian market through restructuring current investments on hand and adding new investments while operating and managing such transactions in a professional, systematic and growth oriented vision for these investments .

AMIC Investors Presentation

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Vision & Mission

Vision

• We are private equity investors, investing

through diversified range of economic

sectors covering the full investing cycle

from start-ups to matured companies. We

allocate our capital flexibly by selecting

investments with significant growth

potential in compliance with Sharia

principals.

• By our involvement and sharing of our

interests and expertise with the

management, we are committed to co-

create value in our investee companies.

Mission

• We want to grow our company to become

the leading private equity firm in the

Middle East & North African region.

• Launching from our corner stone in Egypt

we thrive to be the investor most sought-

after from partners and shareholders

where they watch their investment grow

and prosper.

8 AMIC Investors Presentation

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AMIC Overview

9 AMIC Investors Presentation

0%

20%

40%

60%

80%

100%

120%

-

5

10

15

20

2009 2010 2011 2012

Mil

lio

ns

Dividends Distributed

Dividends Paid Payout Ratio

109 121 146 156 175

2,004 2,236

0

500

1000

1500

2000

2500

2007 2008 2009 2010 2011 2012 H12013

Mil

lio

ns

Asset Under Management Consolidated

163 204 208

508 508

2009 2010 2011 2012 H1 2013

Equity Book Value

13

18

26

19

29

2009 2010 2011 2012 H1 2013

Dividends Income

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AMIC Overview Cont’d

Revolution

10 AMIC Investors Presentation

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

2009 2010 2011 2012 H1 2013

Revenue Breakdown

TradingPorftolio

Dividends Income

Gainfrom Sale

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0.0

10.0

20.0

30.0

40.0

50.0

60.0

2009 2010 2011 2012 H1 2013

EBITDA vs EBITDA Margin

EBITDA

EBITDAMargin

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0.0

10.0

20.0

30.0

40.0

50.0

60.0

2009 2010 2011 2012 H1 2013

Net Profit vs. NPM

NP

NPM

0.00

20.00

40.00

60.00

80.00

100.00

120.00

AMIC Share Price

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Financial Highlights (Standalone)

11 AMIC Investors Presentation

Financial Snapshot - Historical Income Statement

EGP MILLION 2009 2010 2011 2012 H1 2013

Gain from sales of Associates & available for sale investments 1.1 39.8 - 0.5 0.6

Dividends Income 13.8 18.1 26.5 19.2 29.1

Profit ( Loss ) From Trading Portfolio 3.8 1.4 0.4 0.9 0.09

Total Revenues 18.7 59.3 26.8 20.7 29.8

Opex 3.2 4.7 4.3 6.6 4.6

Provisions - -0.5 -3.2 - -

Unrealized Loss ( Profit) From Trading Investment 1.6 0.7 2.7 -0.2 0.8

Impairment - Available For Sale Investments - 6.3 5.3 - -

EBITDA 13.9 48.1 17.8 14.3 24.4

Depreciation 0.2 0.1 0.1 0.2 0.2

EBIT 13.7 47.9 17.7 14.2 24.1

Interst Income 0.6 0.9 2.4 2.1 1.0

F.X. Income (Loss) 0.1 0.1 0.1 0.1 0.2

Other Income - 0.1 0.7 0.1 0.3

Profit ( Loss ) Before Tax 14.3 49.0 20.9 16.5 25.6

Tax - - - - -

Deferred tax - - 0.01 0.1 0.01

Profit ( Loss ) After Tax 14.3 49.0 20.9 16.4 25.6

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Financial Highlights (Standalone)

12 AMIC Investors Presentation

Financial Snapshot - Historical Balance Sheet

EGP MILLION 2009 2010 2011 2012 H1 2013

Fixed Assets ( net ) 1.3 1.4 1.3 4.4 4.2

Investment 145.5 138.4 168.3 476.9 457.1

Total Non Current Assets 146.8 139.8 169.6 481.3 461.3

Cash & Cash Equivalents 9.0 58.8 34.0 24.5 28.0

Trading investments 5.9 6.1 4.9 2.5 2.6

Due From Subsidiaries & Associates 5.9 2.5 - - 16.3

Other Debit Balances 2.2 1.4 0.4 0.1 0.4

Total current assets 22.9 68.7 39.2 27.1 47.3

Total assets 169.7 208.5 208.8 508.4 508.6

Paid in Capital 123.0 123.0 123.0 123.0 197.9

Credit Balances Under Account Of Capital Increase - - - 308.0 -

Reserves 12.3 13.1 15.5 16.6 250.4

Retained Earnings 20.2 18.9 13.4 12.3 11.0

Current Year Profits 14.3 49.0 20.9 16.4 25.7

Unrealized Profit(Loss) From Investment Available For Sale -7.2 - 35.2 31.4 22.8

Total Equity 162.6 204.0 208.0 507.7 507.8

Deferred tax - - 0.0 0.05 0.04

Total Non Current Liabilities - - 0.0 0.05 0.04

Provisions 6.2 3.3 - - -

Other Credit Balances 0.9 1.2 0.7 0.7 0.7

Total current Liabilities 7.1 4.5 0.7 0.7 0.7

Total Equity & Liabilities 169.7 208.5 208.8 508.4 508.6

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Shareholders & Board Structure

Name # of Shares Ownership

Dallah AL Baraka Holding 9,769,200 49.4 %

Bayt el Tawfik for Development

7,493,870 37.9 %

Free Float 2,530,800 12.8%

Total 19,793,870 100 %

Board of Directors

o Eng. Abdulaziz Yamani Chairman

o Ms. Hadeel Saleh Kamel Vice Chairman

o Mr. Khaled Abu Heif Managing Director

o Eng. Jamal Afifi Board Member

o Mr. Tarek Hosni Board Member

o Mrs. Neveen El-Tahri Independent Board Member

49%

38%

13%

Shareholder Structure

Dallah Al barakaHolding

Bayt el Tawfik forDevelopment

Free Float

13 AMIC Investors Presentation

Authorized Capital EGP 600 Million

Issued and Paid-up Capital EGP 197 Million

Number of Issued Shares 19.7 Million Shares

Book Value per share EGP 10 per share

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Corporate Governance • Annual shareholders’ meetings.

• Regular 5-6 board of directors’ meetings per annum.

• Periodical investment committee meetings.

• Rigorous investment process and defined investment strategies and guidelines (investment criteria and manual).

• Proper and adequate documentations of meetings, minutes, resolutions, and reports.

• Investment limits and authorities (strict adherence).

• Strict auditing and compliance (legal, accounting, investment, and reporting) procedures

• Disclosures and transparency to BOD members & shareholders as well as to official reporting for concerned authorities.

• Committed and experienced management team.

14 AMIC Investors Presentation

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Committees Audit Committee

• The audit committee is structured to ensure independence and integrity of AMICs control system.

• Composed of three non-executive directors to ensure: • The efficiency of the internal control

system • The intactness of the financial statements • The efficiency and independence of the

company's external auditor • The internal auditors department is

performing its role with the required efficiency

• Presenting periodic reports and recommendations to the Board of Directors

Compensation Committee

• The compensation committee is responsible for: • managing the company's incentive plans and

programs and approving compensations;

• determining the compensations of the board members and the committees' members, according to the assessment and performance of each member separately;

• reviewing and approving the compensation levels set by the Committee for senior staff;

• providing recommendations and developing programs and plans to the Board for the incentives' eligibility;

• performing an annual report of the Committee's performance, including the conformity of the Committee with the Corporate Governance covenant.

AMIC Investors Presentation 15

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Management Mr. Khaled Abou Heif – Managing Director • Mr. Khaled Abou Heif was appointed as the

Managing Director of AMIC in 2011.

• Mr. Abou Heif is at present the Chairman of AT Brokerage (non-executive), Vice Chairman (non-executive) of AT Asset Management and AT Financial Holding and a Board Member in Egyptian Capital Market Association (ECMA) since 2008.

• Managing Director of Commercial International Brokerage Company (CIBC). led CIBC to rank first among brokerage companies.

• Mr. Abou Heif was formerly a board member in C.I. Capital Holding

• Formerly, Mr. Abou Heif served as a board member of Misr for Central Clearing, Depository and Registry (M.C.D.R.), a position he held till 2012.

• Mr. Abou Heif completed the Corporate Governance program by Wharton University

Mr. Ahmed Ibrahim - Chief Operating Officer

• Mr. Ahmed Ibrahim is AMIC's Chief Operating Officer since 2012 and is responsible for the entire operations, administrative and financial affairs of AMIC.

• Mr. Ibrahim was engaged in the financial institutions, consultancy and the international accounting offices for over 16 years.

• Chief Financial and Administrative Officer in Obelisk Asset Management Company for managing investment funds

• Planning and Budget Director at C.I. Capital Holding, a company of the Commercial International Bank group

• Mr. Ibrahim received his Master’s degree in Business Administration from ESLSCA Business School in 2010.

Mr. Osama Ezzo –Chief Investment Officer

• Mr. Osama Ezzo is the Chief Investment Officer of AMIC since February 2013 and responsible for directing AMIC's investment policy and managing AMIC's investment portfolio.

• Mr. Ezzo was Investment Director & the Head of Fund Management at Misr Asset Management

• Senior Manager at Commercial Bank of Qatar (CBQ)

• Senior Credit Officer at National Bank of Kuwait (NBK)

• Mr. Ezzo worked as a Senior Credit Analyst in the Corporate Banking Division at Commercial International Bank (CIB)

• Mr. Ezzo is a CFA Charter holder since 2012 & holds a Masters in Finance & Management from Cranfield - UK in 2009

16 AMIC Investors Presentation

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Strategy Forward

• Achieve growth in AMIC’s investment platforms.

• Improve current investments operational

performance to generate higher cash flows and

profitability.

• Clean-up, restructure and disposal of non-

performing and stagnant investments to maximize

recovery value and cash proceeds for AMIC.

• Diversify investment portfolio in strategic

industries such as food and beverage, healthcare,

pharmaceutical, industrial …etc.

17

Expected Returns

Management

New Deals

Current Portfolio

• Invest in new companies with sustainable competitive advantage and high growth prospects.

• Create and structure new holding vehicle(s) for growth plan.

• Active management to be fully aware and updated with all related parties.

• Close monitoring and follow-up on investment portfolio

Actual realization of value for AMIC’s shareholders, through:

AMIC Investors Presentation

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PORTFOLIO OVERVIEW

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AMIC Portfolio Overview

Pharmaceutical &Health Care

15%

Financial Services

71%

Real Estate 5% Industrial

5% Water Treatment

1%

Poultry 3%

Other 4%

12 operating

companies,

in 6 different

industries

19 AMIC Investors Presentation

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Subsidiaries & Affiliates

20

Al Yosr Water Desalination & Purification

Arab Company for Medical Appliances 28.34%

FMCG Trading & Distribution 32.13%

El-Rabie Poultry 38.20%

39.72% Misr Arab for Broiler Production 13.00%

Minapharm ProBioGen 12.60%

Minapharm Pharmaceuticals 12.81%

Alex Converta for Paper Industries (Handy)

7.60%

Dar Al Fouad Hospital 5.60%

Affiliates > 20% Others < 20%

Subsidiaries > 50%

94% 89.99% 50.67%

United Company for Investments & Real Estate Development

A.T. Lease Arab Engineering Industries

AMIC Investors Presentation

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Minapharm Pharmaceuticals

Overview • Minapharm Pharmaceuticals is an Egyptian

Joint Stock company, established in accordance with the provisions of Law No. 159 of 1981 and its implementing regulations, and starts working since the date of its enrollment in the Commercial Register in 1986.

• The company manufactures and produces medicines, chemicals, medical and veterinary supplies, cosmetics and dental supplies, along with, distributing its products in Egypt and abroad.

• The company mainly produces drugs specialized in the treatment of heart, liver and abdominal diseases, including Interferon drug for the treatment of liver epidemic diseases.

• The Company's Authorized Capital: 500 Million Egyptian Pounds.

• The company is listed in the Egyptian Exchange since 2004.

544.8 591.6

51.6 51.5

2011 2012

Minapharm

Revenues Net Profit

Name Ownership %

Dr. Saad Al-Bardisy Family 39.35%

AMIC 12.81%

Bank Invest 10.00%

Dr. Shabrawishy Family 9.93%

Others 27.91%

Total 100.00%

22 AMIC Investors Presentation

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Minapharm Probiogen

Overview • Minapharm Probiogen is an Egyptian Joint

Stock company, enrolled in the Commercial Registration under the number 2247 dated 16th of November, 1999.

• The company operates a factory for producing and manufacturing active substances used in diseases treatment, provided that these materials should be produced using only the modern techniques of genetic engineering.

• The Company's Authorized Capital: 60 Million Egyptian Pounds.

• The company's factory is in Tenth of Ramadan city.

77.5 68.5

40.1 35.4

2011 2012

Minapharm Probiogen

Revenues Net Profit

Name Ownership %

Minapharm 59.25%

AMIC 12.62%

Dr. Wafik AL-Bardisy 9.93%

Dr. Amr Al-Shabrawishy 6.80%

Others 11.40%

Total 100.00%

23 AMIC Investors Presentation

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Dar Al-Fouad Hospital Overview • Dar Al Fouad Hospital is an Egyptian Joint Stock

Company, established in accordance with the provisions of the Investment Law and enrolled in the commercial register under No. 198 in 1995 under the name of Dar El Fouad Hospital in Sixth of October.

• The main specialties of Dar Al Fouad Hospital are Cardiology, Cardiothoracic surgery, Oncology, Hematology and Organ Transplant in addition to integrated medical services, with the capacity of 150 beds for the comfort and follow-up of patients.

• The main goal of the hospital is to render a world class medical service and to improve the quality of life of patients.

• The company has an eminent reputation in the Cardiac surgeries through the cooperation agreements and technical support with the Cleveland Clinic in USA.

• The Company's Authorized Capital: 237.6 Million Egyptian Pounds.

215.8 271.5

17.5 36.4

2011 2012

Dar El Fouad

Revenues Net Profit

Name Ownership %

Tawgeeh for Services & Investment 25.79%

Amic 5.49%

National Bank Of Egypt 8.22%

Banque Misr 8.59%

Others 51.91%

Total 100.00%

6th of October, Giza Nasr City, Cairo Kuwait City

24 AMIC Investors Presentation

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Arab Company for Medical Appliances (ACMA)

Overview • Arab Company for Medical Appliances (ACMA)

is an Egyptian joint stock company, established in accordance with the provisions of Law 43 of 1974 and enrolled in the commercial register in 1989.

• The purpose of establishing the company is working in the production of medical supplies of diagnostic X-ray films and chemicals.

• ACMA owns 85% in Akma Com Trading Company, a distribution company for the domestic and imported medical supplies.

• ACMA’s main business partners are Fuji, Kodak and AGFA.

• ACMA sells its products mainly through tenders for most of the public sector (the Social insurance and the Ministry of Health, hospitals, Armed Forces, hospitals, and other agencies). ACMA also exports part of the production to some Arab countries as Iraq.

• The Company's Authorized Capital: 30 Million Egyptian Pounds.

30.6 36.4

4.2 6.2

2011 2012

ACMA

Revenues Net Profit

Name Ownership %

Arab Co. for Medical Appliances 42.65%

AMIC 28.34%

Misr Insurance 15.57%

Misr for Life Insurance 13.44%

Total 100.00%

25 AMIC Investors Presentation

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Al-Tawfik Lease (AT-Lease)

Overview • A.T. Lease is an Egyptian Joint Stock Company,

established in accordance with the provisions of Law No. 8 of 1997.

• The General Authority for Investment has set the starting date for the activity of the company effective from 9th of October 2006.

• The purpose of the company is working in the field of financial leasing according to the second article of the Financial Leasing Law No. 95 of 1995 and its implementing regulations and amendments.

• A.T. Lease shares in A.T. finance Lease for small and medium-sized companies with 99.9% of its paid-up capital amounting to 20 Million Egyptian Pounds.

• The Company's Authorized Capital: 400 Million Egyptian Pounds.

• A.T. Lease is one of the top companies dealing in the leasing market in Egypt, according to the Egyptian Financial Supervisory Authority rankings.

248.8

318.6

17.1 13.8

2011 2012

AT Lease Revenues Net Profit

Name Ownership %

AMIC 90.00%

Baraka Bank- Egypt 10.00%

Total 100.00%

27 AMIC Investors Presentation

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Arab Engineering Industries

Overview • Arab Engineering Industries (AEI) is an Egyptian

Joint Stock Company established under the Investment Law No. 230 of 1989 and under the decision of the Minister of Economy and Foreign Trade No. 213 of 1989 licensing the establishment of the company.

• The purpose of AEI is manufacturing wired condensers for household refrigerators, and producing steel wire.

• AEI is considered the main local supplier of refrigerator production in Egypt, besides, exporting to a number of Arab countries as Kingdom of Saudi Arabia and Sudan.

33.9 38.5

7.6 9

2011 2012

A.E.I.

Revenues Net Profit

Name Ownership %

AMIC 50.67%

Sheikh. Khaled Al Khalifa 14.00%

Mostafa Abd El Samaad 7.43%

Others 27.90%

Total 100.00%

29 AMIC Investors Presentation

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F.M.C.G.

Overview • F.M.C.G Trading & Distribution is an Egyptian

joint stock company, established in 1995.

• The purpose of establishing F.M.C.G. is for the import and export business, commercial agencies, marketing and selling of food commodities and other goods and equipment's in addition to establishing, renting and managing warehouses, refrigerators and slaughterhouses for manufacturing and packaging poultry products and all food products, in Egypt and abroad.

• F.M.C.G. has a number of distinguished commercial agencies as Kellogg's, Digestive Biscuits, and Ulker

• The Company's Authorized Capital: 50 Million Egyptian Pounds.

86.2 92.7

4 4

2011 2012

FMCG

Revenues Net Profit

Name Ownership %

Dallah Al Baraka 67.77%

AMIC 32.14%

Others 0.09%

Total 100.00%

30 AMIC Investors Presentation

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Alex Converta (Handy)

Overview • Alex Converta is an Egyptian joint stock

company established in accordance with the provisions of Law No. 159 of 1981..

• The purpose of establishing the company is the manufacture of scented and unscented sanitary paper products, raw materials and fittings and exporting them abroad as well as importing of raw materials and products’ supplies.

• The Company's Authorized Capital: 50 Million Egyptian Pound.

• The Company's factory is in Burj Al Arab Industrial City - Alexandria.

28.8 35.5

-4.1 -0.7 2011 2012

Handy

Revenues Net Profit

Name Ownership %

Al Shaer 39.20%

CIIC 20.10%

CIB 8.00%

AMIC 7.60%

Others 25.11%

Total 100.00%

31 AMIC Investors Presentation

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United Company for Investment and Real-estate Development

Overview • UCIRD is an Egyptian joint stock company,

established in accordance with the provisions of Law No. 159 of 1981 and its implementing regulations in 2008.

• The purpose of UCIRD is to carry out all forms of real estate developments and all the entailed and consequent activities as purchasing, selling, and renting properties in addition to land acquisitions, development and establishing different sorts of constructions (touristic except floating, commercial, administrative and residential).

• The Company's Authorized Capital: 100 Million Egyptian Pounds.

0 0

-0.09

-0.35

2011 2012

UCIRD Revenues Net Profit

Name Ownership %

AMIC 94.00%

Dallah El Baraka 5.00%

FMCG 1.00%

Total 100.00%

Number of lots Location Tot. Area

18 Heliopolis, Cairo 16,400 m2

1 Smart Village 2,073 m2

33 AMIC Investors Presentation

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Al Rabie Poultry

Overview • Al Rabie Poultry is an Egyptian Joint Stock

company, established in 1996

• The purpose of the company is breeding parent chicken meat for the production of hatching eggs and one day old chicks

• Al Rabie Poultry is operating a poultry feed unit

• The company also farms its owned lands that surround the production units (Olives and Grapes)

• The Company's Authorized Capital: 25 Million Egyptian Pounds

• The company operates over a total of 610 Acres.

• The company’s farms are located in El Faregh Valley – Cairo Alexandria Desert Road

Shareholder Structure Ownership %

AMIC 38.30%

Misr Al Arabia for Poultry 32.00%

Bayt Al Tawfik for Development 10.72%

Arab Company for agricultural Investments 6.80%

Sheikh Saleh Kamel 0.81%

Others 11.37%

Total 100.00%

Parent & Hatchery Production

•12 million chick / year

Feed

•Capacity of 24,000 tons / year

Olive & Grapes farms

35

45.1 48.8

6.1 7.2

2011 2012

Al Rabie

Revenues Net Profit

AMIC Investors Presentation

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Misr Arab For Broiler Production

Overview • Misr Arab For Broiler Production is an

Egyptian Joint Stock Company established in accordance with the provisions of the Investment Law No. 95 of 1992.

• The company’s main purpose is constructing and operating poultry breeding farms (all types of white meat-producing poultry)

• The Company's Authorized Capital: 26 Million Egyptian Pounds.

• The company’s farms are located in El Faregh Valley – Cairo Alexandria Desert Road.

• The company operates over a total of 100 Acres

Broiler

• 3.6 million chicken / year

36

Name Ownership %

Misr AL Arabia for Poultry 29.00%

AMIC 15.00%

Baraka For investment and development 12.00%

Sheikh. Hussien El Harthey 20.00%

Others 24.00%

Total 100.00%

43.5 46.5

-1

1.6

2011 2012

Badary

Revenues Net Profit

AMIC Investors Presentation

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Al Yosr Water Desalination

Overview • AL – Yosr Water Desalination & Purification is

an Egyptian joint stock company, established in 1987.

• The purpose of the company is to manage, operate and maintain water stations for desalination of sea water and turning it into drinking water.

• The Company's Authorized Capital: 120 Million Egyptian Pounds.

0.55

0.8

0.2

0.4

2011 2012

Al Yosr

Revenues Net Profit

Name Ownership %

Dallah el Baraka 39.50%

AMIC 39.71%

Dallah for Real estate investments 11.92%

Others 8.87%

Total 100.00%

38 AMIC Investors Presentation

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THANK YOU

For Further Information, please visit our website: www.amic-eg.com For Investor Relations Queries, please contact: [email protected] Investor Relations Manager: Raghda El-Zahhar [email protected]