March 2017 1
Agenda ODH : Leading Developer of Fully Integrated Towns Projects Overview Operational, Financial Summary and Outlook Appendix
Orascom Development Holding AG Today The Only Leading Developer of Fully One of The Largest Land One of The Largest Hotels IntegratedTowns Banks Portfolio Including Real Estate, Hotels . activities, marinas 100.3 million sqm, out of which 68.0 35 hotels with 8,205 rooms Leisure, golf courses, hospitals , schools & all million sqm is still undeveloped supporting infrastructure Loyal Shareholder Spearheaded by a seasoned Base Executive Management Team Been with the company for over 8 years with unparalleled expertise in the travel, tourism and real estate sector level 59% Over 25 Of our hotels in Egypt are certified with MORE THAN 39 3 to 5 Green Star YEARS Awards Star Hotels During 2016 for our To suit different 10 Operating Destinations hotels DEVELOPMENT standards El Gouna, Taba Heights, Makadi, EXPERIENCE Fayoum & Harram City (Egypt), Jebel Continuous Progress on Strategy Sifah & Salah Beach (Oman), The Cove Execution (UAE), Lustica (Montenegro), and Andermatt (Switzerland) Achieved all communicated targets of 2016 Other destinations in different stages of development Approx. 8,706 Employees Dual listing on SIX and EGX Real Estate Sales over As of December 31 st , 2017 with 40,409,926 outstanding shares CHF 2.7 bn 3 Since 1997
ODH is a leading integrated developer with a high quality portfolio of diversified assets Company Overview Destinations Key Facts ▪ Orascom Development Holding (“ODH” or the “Company”) is a leading developer of fully integrated destinations, with over 28 years of experience and a proven track record of sustainable development, including hotels, private villas and apartments, leisure Egypt Oman UAE Montenegro Other Projects Total facilities such as golf courses, marinas and supporting infrastructure 49.1 mn 20.8 mn 0.3 mn 6.9 mn 23.2 mn 100.3 mn Total Land sqm sqm sqm sqm sqm sqm ▪ ODH boasts a diversified portfolio of destinations, which Bank ODH is spread over several jurisdictions covering Egypt, the 29 35 Number of United Arab Emirates, Oman, Morocco, Montenegro, 4 Hotels 1 Hotel - 1 Hotel Hotels (2) Hotels Hotels Switzerland and the United Kingdom ▪ ODH currently owns a land bank of 100.3 mn sqm and a 6,767 971 487 100 8,325 Number of - comprehensive hospitality portfolio of 8,325 rooms, Rooms Rooms Rooms Rooms Rooms Rooms which are either self-managed by Orascom Hotels Management or by third-party hotel managers under Real Estate unit 192 Units 132 Units 44 Units 368 Units - - sold (Q3 2017 ) management contracts Key financial indicators (CHFm) 9M 2017 revenue contribution by business segment 306.1 271.9 253.8 250.5 237.4 221.4 Land & Other Revenue 169.9 170.8 7% Destination Management 11% Hotels 2011 2012 2013 2014 2015 2016 9m 2016 9m 2017 53% 80.8 Real Estate & Adjusted 42.6 EBITDA Construction 24.6 19.6 29% 16.1 13.9 9.9 (6.9) 2011 2012 2013 2014 2015 2016 9m 2016 9m 2017 4
ODH properties overview Land Bank Hotels Number of Number of Rooms Operated by Total Land Under Under Completed Undeveloped Developed % Bank (mn sqm) Construction Development Hotels Rooms ODH - 10.0 20.0 30.0 40.0 - 10.0 - 10.0 - 5.0 - 20.0 40.0 0% 100% 200% 0 20 - 2,000 4,000 - 2,000 4,000 El Gouna 36.9 9.4 5.5 1.3 40% 17 2,698 2,698 20.8 Taba Heights 4.3 2.6 0.0 1.7 60% 6 2,365 - 2,365 Haram City 2.6 1.9 0.3 0.2 0.2 84% - - - Egypt Fayoum 1.1 0.3 0.1 0.1 0.7 30% 1 50 50 Qena Gardens 0.8 - - 0.0 0.8 0% - - - Makadi 3.4 0.4 0.0 0.1 2.9 13% 4 1,627 514 Floating hotel - - - - - 0% 1 27 27 Jebel Sifah 0.2 1.5 4.5 4% 1 67 67 6.2 0.1 Hawawa 13.6 1.5 0.1 1.5 12% 3 904 904 Oman 10.5 As Sodah 1.0 - - 0.8 0.2 0% - - - City Walk 0.0 - - - 0.0 0% - - - The Cove 0.3 0.3 - 0.0 0.0 100% 1 487 487 UAE Andermatt 1.2 0.3 - 82% 1 100 100 Switzerland 1.6 0.1 Chbika 15.0 - - 3.0 0% - - - Morocco 12.0 Luštica 6.9 0.0 0.1 0.4 6.4 2% - - - Montenegro Eco-Bos - - - 6.5 0% - - - 6.5 UK 100.3 17.7 6.2 9.2 67.2 33% 35 8,325 7,212 5
Unique, Vertically Integrated, Business Model… Acquisition Development Phase Operational Phase Phase Land Bank Value Creation Real Estate New RE Owner Services destination identification Hotel Development Hotel Operations acquisition & initial concept Destination Operations Destination Development Operations Management Project Management Planning & Design Property & Facility Construction Management Marketing concept and sales Internal / Operator hand over Detailed destination concept Buyer hand over / opening Initial destination concept performance and service Periodic assessment of Start of construction Start of operation Product sign-offs Start of sales strategy quality 6
Business Segments - Overview Hotels Real Estate Town Management Tamweel Group ▪ Tamweel; Mortgage Company ▪ Public services &infrastructure ▪ Land bank acquired at nominal ▪ 35 Hotels , total of 8,205 costs maintaenance that includes: rooms 1 ▪ Sale of middle-to-upper scale ▪ Water Services ▪ 24 self managed, 11 under- apartments and villas to private ▪ Sewage treatments management clients ▪ Electricty ▪ In-house sales force as well as ▪ Orascom Hotels Management international distribution ▪ 820 retail outlets & 87 restaurants/bars (OHM) manages company’s channels ▪ 5 schools & universities hotel inventory ▪ Off-plan sales with customer ▪ 2 hospitals & 7 marinas prepayments ▪ 4 golf courses ▪ Sales of over CHF 2.5 Bn 2 ▪ Other services Revenues 9M 2017 Revenues 9M 2017 Revenues 9M 2017 Revenues 9M 2017 CHF 11.8 mn CHF 90.5 mn CHF 49.4 mn CHF 19.1 mn 1 As of September 30 th , 2017, and Includes 100 rooms of the Chedi Hotel, Andermatt 2 From 1997- 2017 (gross number) 7
El Gouna - Egypt 8
Agenda ODH: Leading Developer of Fully Integrated Towns Projects Overview Operational, Financial Summary and Outlook Appendix
El Gouna -World Class Destination on the Egyptian Red Sea Coast ▪ Total land area : 36.92 million sqm , Developed: 15.0 million sqm, (40.6% developed) ▪ Number of hotels and rooms: 17 hotels with 2,698 rooms ( five 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, 35 km from the Hurghada Overview 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 Hotel KPIs, CHF Visitors Breakdown by Nationality in 9M 2017 80% 3% 68% 75% 61% 80 Germany 59% 57% 70% 3% 56% 54% 4% 60% Egypt 60 6% 50% Others 40% 40 54 59 54 53 12% 48% 47 30% 53 52 48 49 51 48 Netherland 52 46 20 40 20% 10% Belgium 0 0% 24% 2011 2012 2013 2014 2015 2016 9M 2017 UK ARR TRevPar Occ. Rate Swizerland Real Estate KPIs Destination Update ▪ Net sales reached CHF 52.7mn in 9M 2017, despite the 50% devaluation 47 61 82 121 183 215 173 of EGP to CHF. 100 2.8 2.7 2.5 3.0 2.5 2.5 ▪ Hotels GOP surged by 163.3% to reach CHF 15.8mn vs. CHF 6.0mn in 2.3 80 2.5 9M 2016. 1.9 2.0 60 ▪ Successfully hosted the first edition of El Gouna Film Festival for which 85.5 1.5 40 71.4 we have built four new high standardcinemas. 1.0 52.7 48.7 20 34.9 24.8 ▪ Successfully launched a new real estate project over looking the marina 0.5 19.4 0 “Abu Tig Hill” in Q4 2017 with a total inventory of USD 22.0mn. 0.0 2011 2012 2013 2014 2015 2016 9M 2017 ▪ Continuing with the renovation work across some of our hotels. Value of Contracted Units, CHFmn ▪ Finalized the party event area which will hold 2,500 guests. Average Price/sqm No of Units , CHF 000 ’s ▪ Planning to launch Phase II of G-Space by mid-Dec. 2017 10
Taba Heights – Sinai’s Premium Destination ▪ Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed) ▪ 6 hotels; 2,365 rooms (five 5* s and one 4 *s) ▪ Overview 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 Visitors Breakdown by Nationality as of 9M 2017 51% 60 4% 60% 44% Egypt 50 41% 50% 11% 50 53 52 Jordan 40 40% 41% 48 29% 11% 30% 44 31% Ukraine 30 30% 43 37 20% Israel 28 20 20% 33% 18 26 Others 22 10 18 19 10% 11 0 0% 2011 2012 2013 2014 2015 2016 9M 2017 Destination Update ARR TRevPar Occ. Rate ▪ Taba Heights remains the most challenging destination for the group due to the extended travel bans on Sinai. ▪ Successfully curbed the GOP losses from CHF 1.3mn in 9M 2016 to CHF 0.3mn in 9M 2017. ▪ Re-opened another 100 rooms in Bay View Hotel out of the existing 394 rooms. To date, we have 1,260 operating rooms out of 2,365 rooms vs. 718 rooms operating in 9M 2016. 11
Recommend
More recommend
