Investor Presentation Q3 2016 www.savola.com Contents 1. Group - PowerPoint PPT Presentation

Investor Presentation Q3 2016 www.savola.com

Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 2

Group Consolidated Financial Snapshot Gross Net Revenue EBIT Profit Profit SAR Mn Q3 5,847 1,157 311 173 Sep 2016 +4.3% vs LY -6.6% vs LY -37.0% vs LY -53.3% vs LY 1,011 YTD 18,760 3,670 513 Sep 2016 -0.6% vs YTD -2.2% vs YTD -59.8% vs YTD -28.2% vs YTD 3

Group Consolidated Financial Highlights SAR Mn Growth Margin -0.6% YoY Sales -2.1% 18,864 18,760 -3.2% +4.3% 7,036 6,890 6,224 6,023 5,847 5,604 YTD Sep’ 15 YTD Sep’ 16 Q1 ’ 15 Q1’16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3 ’ 16 YoY Gross Profit -2.2% -4.7% -6.6% 3,751 +5.5% 3,670 1,353 1,290 1,239 1,157 1,223 1,159 Q1 ’ 15 Q1’16 Q2’15 Q2’16 Q3’15 Q3 ’ 16 YTD Sep’ 15 YTD Sep’ 16 18.6% 20.3% 19.2% 18.7% 22.1% 19.8% 19.9% 19.6% 4

Group Consolidated Financial Highlights SAR Mn Growth Margin -28.2% YoY EBIT -23.7% -37.0% 1,407 -23.0% 1,011 543 494 414 371 311 285 Q1’15 Q1 ’ 16 Q2 ’ 15 Q2’16 Q3 ’ 15 Q3 ’ 16 YTD Sep’ 15 YTD Sep’ 16 Q3 ’ 15 Q3 ’ 16 6.0% 4.7% 7.7% 6.0% 8.8% 5.3% 7.5% 5.4% YoY Net Profit -59.8% -80.3% -43.2% 1,276 -53.3% 471 434 513 372 247 173 93 Q2’15 Q2 ’ 16 Q3’15 Q3 ’ 16 YTD Sep’ 15 YTD Sep’16 Q1 ’ 15 Q1’16 7.6% 1.5% 6.2% 3.6% 6.6% 3.0% 6.8% 2.7% 5

Group Consolidated Revenue Mix by Business SAR Mn Revenue Revenue YTD Sep'15 YTD Sep'16 47% 46% 54% 53% Foods Retail Foods Retail 6

Capital Expenditure by Segment SAR Mn -26.5% Savola Foods 1,345 YoY +35.0% Panda YoY -43.7% 347 Head Office 989 YoY -80.7% 468 888 500 110 21 YTD Sep 2015 YTD Sep 2016 7

Net Income Waterfall Group Consolidated Normalized SAR Mn 1,276 YTD Sep 2015 reported NI Capital gain on 265 sale of Packaging 96 SFC FX impact 1,107 YTD Sep 2015 normalized NI YTD Sep 2016 513 reported NI Loss from 20 associate 91 SFC FX impact -25.4% USD sourcing 134 SFC Pandati store 24 closures cost Panda Egypt 7 losses Panda inventory 36 adjustments YTD Sep 2016 826 normalized NI 9

Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 10

Savola Foods Financial Snapshot Gross Net Revenue EBIT Profit Profit SAR Mn Q3 2,717 416 183 85 Sep 2016 -23.8% vs LY +6.4% vs LY +1.6% vs LY -6.9% vs LY YTD 8,640 1,321 613 276 Sep 2016 -4.1% vs YTD -4.8% vs YTD -12.0% vs YTD -33.6% vs YTD 11

Savola Foods Financial Highlights SAR Mn Growth Margin YoY Sales -4.1% -7.9% 9,010 8,640 -8.6% +6.4% 3,369 3,103 3,087 2,820 2,717 2,554 YTD Sep’ 15 YTD Sep’16 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3 ’ 16 -4.8% YoY Gross Profit -6.1% -9.3% 1,389 1,321 +1.6% 540 507 439 399 416 409 YTD Sep’ 15 YTD Sep’16 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3 ’ 16 14. 1 % 15. 3 % 14.2% 16.0% 16.3% 16.0% 15.3% 15.4% 12

Savola Foods Financial Highlights SAR Mn Growth Margin YoY EBITDA -9.3% -8.3% 872 -14.3% 791 -5.2% 342 314 275 236 255 241 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3’16 YTD Sep’ 15 YTD Sep’ 16 Q3’16 9. 2 % 8.9% 8.4% 10.2% 10.1% 10.0% 8.9% 9.7% YoY Net Profit -33.6% -35.7% -23.8% 417 -40.7% 276 210 112 135 85 95 56 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3’16 YTD Sep’15 YTD Sep’ 16 3. 2 % 3.1% 2.0% 6.2% 4.4% 4.4% 3.1% 4.6% 13

Savola Foods Revenue Breakdown by Category SAR Mn -4.1% Oil 9,010 8,640 Sugar Pasta 6,499 5,844 2,367 2,106 429 405 YTD Sep’ 15 YTD Sep’ 16 14

Savola Foods Volume Breakdown by Category 000 Tonnes +1.2% Oil 2,511 2,482 Sugar Pasta 1,114 1,238 1,177 1,057 220 187 YTD Sep’ 16 YTD Sep’ 15 15

Savola Foods Revenue Breakdown by Geography SAR Mn -4.1% 9,010 Morocco 8,640 2% YoY +10% 5% 3% 4% 3% Sudan 4% YoY -49% 8% 7% Algeria YoY -2% Turkey 23% 22% YoY -8% Iran YoY -10% 19% Egypt 19% YoY -5% KSA YoY +6% 42% 38% YTD Sep’ 15 YTD Sep’ 16 16

Savola Foods Volume Breakdown by Geography 000 Tonnes +1.2% Morocco 2,511 2,482 YoY +11% 2% 2% 2% 2% 4% Sudan 3% 4% 5% YoY -4% Algeria 14% 15% YoY +15% Turkey YoY -7% 22% Iran 22% YoY -5% Egypt YoY +2% KSA YoY +2% 52% 51% YTD Sep’ 15 YTD Sep’ 16 17

Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 18

Panda Financial Highlights Store Gross Net Revenue Openings / Profit Income (closures) SAR m Q3 -131 3,175 742 4 O 4 Super Sep 2016 NA vs. LY +2.7% vs. LY -10.6% vs. LY C (41) Pandati 16 YTD 10,320 2,349 -233 O 3 C (0) Hyper O 12 C (2) Super Sep 2016 NA vs. YTD +2.5% vs. YTD -0.6% vs. YTD O 1 C (101) Pandati 19

Panda Financial Highlights SAR Mn Growth Margin YoY Sales 2.5% +2.4% +2.7% +2.5% 10,320 10,066 3,271 3,874 3,175 3,782 3,192 3,092 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3 ’ 16 YTD Sep’ 15 YTD Sep’ 16 -0.6% YoY Gross Profit +14.5% -3.8% -10.6% 2,364 2,349 824 813 830 782 720 742 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3 ’ 16 YTD Sep’ 15 YTD Sep’ 16 22.6% 25.2% 21.5% 20.2% 26.8% 23.4% 23.5% 22.8% 20

Panda Financial Highlights SAR Mn Growth Margin YoY EBITDA -62.4% -66.6% +1.7% 425 162 153 110 112 160 51 -3 YTD Sep’ 15 YTD Sep’ 16 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 Q3 ’ 15 Q3 ’ 16 3.5% 3.4% 4.0% 1.3% 5.3% -0.1% 4.2% 1.5% YoY NI 118 18 48 51 -21 -80 -131 -233 Q3 ’ 15 Q3 ’ 16 Q1 ’ 15 Q1 ’ 16 Q2 ’ 15 Q2 ’ 16 YTD Sep’ 15 YTD Sep’ 16 0.6% -0.6 % 1.3% -2.1% 1.6% -4.1% 1.2% -2.3% 21

Number of Stores by Quarter Includes 1 Includes 1 Super Hyper Super in Hyper in Egypt UAE 162 152 2 4 4 67 4 64 0 0 3 0 Includes 1 store opening in Egypt Q2 ’ 16 Q2 ’ 16 Q3 ’ 16 Q1 ’ 16 Q3 ’ 16 YTD’ 16 Q1 ’ 16 YTD’ 16 2015 Closures 2015 Closures Selling Area Selling Area Pandati Total 747,544 m 2 755,986 m 2 498 4 7 5 103 411 282 0 1 101 182 Q2 ’ 16 Q3 ’ 16 Q2 ’ 16 Q3 ’ 16 Closures Q1 ’ 16 YTD’ 16 Q1 ’ 16 YTD’ 16 2015 Closures 2015 22

Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 23

Quarterly Financials – YTD 2016 (all figures are in SAR millions) Segment Wise Financials YTD- 2016 YTD- 2015 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Savola Foods Oil-Mature Markets 5,029 975 514 326 582 5,463 1,029 597 415 661 Oil-Start-up Markets* 815 103 35 20 45 1,036 164 78 55 91 Total Oil 5,844 1,078 549 346 626 6,498 1,193 675 470 752 Sugar 2,367 146 12 (104) 98 2,106 108 (24) (86) 59 Pasta 429 98 53 34 67 405 88 45 33 61 Total Foods 8,640 1,321 613 276 791 9,010 1,389 697 417 872 Panda KSA 10,068 2,301 (173) (229) 158 9,837 2,328 156 115 420 Overseas 252 48 (2) (4) 2 229 35 2 2 5 Total Retail 10,320 2,349 (175) (233) 160 10,066 2,364 159 118 425 Real Estate 0 0 16 16 16 0 0 16 16 16 Herfy 0 0 78 78 78 0 0 77 77 77 Al Marai 0 0 583 583 583 0 0 523 523 523 HQ/Elimination/Impairments (200) 0 (104) (208) (79) (212) (1) (63) 127 (312) Total 18,760 3,670 1,011 513 1,549 18,864 3,751 1,407 1,276 1,599 Adjustments Impairments - - Capital gains - (265) Adjusted Profit 513 1,011 * Start-up markets include Algeria, Morocco and Sudan Savola 24

Quarterly Financials – Q3 2016 Savola 25

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