Investor Presentation May 2017 May 2017 Oman Electricity Transmission Company Fixed Income Investor presentation May 2020
Disclaimer IMPORTANT: You must read the following before continuing. This presentation has been prepared solely for information purposes. By attending this presentation you agree to be bound by the following limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer. The information contained herein has been prepared by and is the responsibility of Oman Electricity Transmission Company S.A.O.C (OETC), solely as an update about the activities and operations of OETC. This document and any question and answer session that follows the oral presentation does not constitute an offering document and no offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase, any securities and nothing contained herein shall form the basis of any contract or commitment or investment decision whatsoever. The information presented herein is not an advertisement and does not comprise a prospectus under any jurisdiction. The information and opinions presented herein are based on general information gathered at the time of writing and are therefore subject to change without notice. While OETC believes it has accurately reproduced and sourced any third party information included herein from publicly available information that it believes to be reliable, it has not independently verified such information and neither can or does guarantee its accuracy. The information herein has not been reviewed or approved by any rating agency, government entity, regulatory body or listing authority and does not constitute listing particulars in compliance with the regulations or rules of any stock exchange. Neither OETC nor its affiliates shall have any liability or responsibility whatsoever (in negligence, tort, contract or otherwise) for any loss, damage or other results howsoever arising, directly or indirectly, from any use of, or reliance on, this presentation or its contents or otherwise arising in connection with this presentation. Some of the statements contained in this presentation constitute forward-looking statements with respect to the business, financial condition and results of operations of OETC and certain of the plans, intentions, expectations, assumptions, goals and beliefs OETC regarding such items. Statements that are not historical facts are forward-looking statements. Forward-looking statements generally can be identified by the use of forward- looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue” “should”, “will continue”, “may”, “is like ly to”, “plans” or similar terminology, including variations and the negatives thereof. Viewers of this presentation should be aware that forward-looking statements are not guarantees of future performance and that OETC’s actual business, financial condition and results of operations, as well as the development of the indust ry in which it operates may differ significantly from those made in or suggested by the forward-looking statements contained in this presentation. Forward-looking statements involve inherent risks and uncertainties. OETC does not make any representation, warranty or prediction that the results anticipated by such forward- looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Forward-looking statements speak only as of the date that they are made and neither OETC nor its affiliates undertake to update any forward- looking statements in light of new information or future events. Nothing in this presentation should be construed as legal, tax, regulatory, accounting or investment advice or as a recommendation or an offer, commitment, solicitation or invitation by OETC or its affiliates, or any other person, to purchase securities from or sell securities to you, or to underwrite securities, or to extend any credit or like facilities to you, or to conduct any such activity on your behalf. 2
Investor Relations 3
Oman Electricity Transmission Company A natural monopoly position in Oman’s electricity transmission with 51% government ownership Current Structure of Nama Holding and SGID Overview ▪ OETC commenced its commercial operations in 2005. The Government Ownership Private Ownership company is the sole transmission operator in Oman providing electricity transmission and dispatch in the Main Interconnected System (MIS) and in the Dhofar region covering 95% of Oman’s Ministry of Finance (MoF) 100% electricity market ▪ OETC is responsible for: Numo SGID SGID Nama - Institute for Providing the link between electricity generation companies, Shared EHC [Nama (State Grid Singapore Competency Services Holding] International Oman Asset distribution companies and directly connected customers Development LLC Development) Private Limited LLC - Owning, operating and maintaining the transmission system 0.005% 50.99% 0.001% 0.005% 48.999% assets - Managing the flow of electricity across the network in order to Generation Transmission Distribution maintain reliable and safe supply of electricity ▪ OETC operates under a transparent and supportive regulatory Rural Area Mazoon OETC system, which implements price controls through the Authority for Electricity (1) Electricity Electricity Regulation (AER) Rural Area Muscat ▪ Planning & AER sets the price controls every three/four years. Current price Electricity (1) Electricity procurement control period started in 2019 and is applicable until 2022 Majan ▪ Shareholders: 51% government owned (50.99% indirectly via OPWP Electricity Electricity Holding Company and 0.01% held by Nama Shared Services LLC and Numo Institute for Competency Development Dhofar Power (2) LLC, each own 0.005%) 3 . And 49% 4 private owned (48.999% held by State Grid International Development Limited (SGID) a wholly Rural Area Electricity (1) owned subsidiary of the State Grid Corporation of China and 0.001% held by SGID Singapore Oman Asset Private Limited). Notes: (1) Operates in generation, transmission and distribution (2) EHC holds 98.9% stake in Dhofar Power (3) The AGM/EGM has approved the transfer of the MoF shareholding of 0.01% (now held by Numo Shared Services LLC and Nama Institute for Competency Development LLC, both these companies are owned by EHC) to another GRE as part of restructuring of Govt’s shareholdings in all Govt companies (4) Including 1 share for SGID Singapore Oman Asset Private Limited 4
Nama Holding Nama Holding adheres to stringent corporate governance practices and standards to ensure consolidation of business objectives across all levels of the Group Overview ▪ Nama Holding is a joint-stock company, registered in the Sultanate of Oman. The company commenced its commercial operations on 16 September 2003 and holds the shares of the Government in subsidiary companies. NG’s key roles and responsibilities consist in: - Supporting and implementing government privatization policies for the electricity and water sector. - Implementing the Government’s policy electricity and related water sector, and maintaining the Government’s interests therein. ▪ Nama Group (NG) was established as a result of restructuring of the electricity and related water sector in 2004 and commenced its commercial operations on 1 May 2005. ▪ NG’s operations are spread across generation, procurement, transmission, distribution and supply of electricity and related water services in the Sultanate. 5
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