Domty Reports a 24% Y-o-Y Growth in Revenues to EGP 1,400.1 million; Bottom-Line Surges 355% in FY2015

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1 Domty Reports a 24% Y-o-Y Growth in Revenues to EGP 1,400.1 million; Bottom-Line Surges 355% in FY2015 Highlights of FY2015 Revenues EGP 1,400.1 mn, up 24% y-o-y Gross Profit EGP mn, up 52% y-o-y Gross Profit Margin 26.2% Operating Profit EGP mn, up 165% y-o-y Net Income EGP mn, up 355% y-o-y Net Profit Margin 9.2% Cairo, 31 March 2016 Arabian Food Industries Company Domty S.A.E. (DOMT.CA on the Egyptian Exchange), Egypt s largest cheese manufacturer by market share, announced today its consolidated results for the year ending 31 December 2015, reporting 355% growth in net profit after tax (NPAT) to EGP million on revenues of EGP 1,400.1 million. Revenues grew 24% year-on-year in the same period. The results are the first since Domty s offering of shares on the EGX earlier this month. The institutional tranche of the offering was more than 5.5x oversubscribed, while the Egyptian retail offering was 10.7x oversubscribed. Commenting on the year s performance, Domty Chairman and Managing Director Mr. Omar El Damaty said: It is an honor to report our first set of results as a publicly traded company following our very successful IPO earlier this month. Domty delivered significant improvements across all of its key indicators in FY2015, with top-line growth and margin enhancements trickling down to our bottom-line, which rose nearly five-fold during the year to EGP million. The year just ended also saw us expand our production capacities with the addition of four new production lines in the Carton Pack cheese segment, positioning ourselves to capture future growth in this important market and cementing our position as Egypt s leading cheese manufacturer and a top-five producer of juices. Contributors to revenues in FY2015 were weighed towards Domty s Carton Pack line of cheeses (66%) and its juice products (16%), generating EGP 919 million and EGP 230 million, respectively. Revenue growth in 2015 was driven by Domty s Carton Pack cheese products, with capacity additions during FY2015 across several of the segment s SKUs lifting total capacity for the segment by 40.6% y-o-y to thousand tons per annum (TPA).

2 Additionally, Domty expanded capacities in its juice segment, adding a total of 12.9 thousand TPA to its 250 ml SKUs, up 36.8% compared to FY2014 capacity of 35.1 thousand TPA. Overall, Domty s total cheese and juice production capacities climbed from thousand TPA in FY2014 to thousand TPA by year-end Meanwhile, total volumes sold in FY2015 stood at thousand TPA compared to thousand TPA in FY2014. Gross profit for the year was EGP million, up 52% y-o-y, with a gross margin of 26.2% (up from 21.3% in 2014). Margin improvement was driven by a global decline in commodity prices, particularly powdered milk, which saw average price per ton booked by the company contract by 34% compared to the previous year. The overall decline in direct materials prices and strong growth in total sales outweighed the impact of the Egyptian pound s depreciation against the U.S. dollar during the year, contributing positively to Domty s gross margins. Careful attention to cost control saw SG&A expenses meanwhile remain somewhat flat in FY2015 at EGP million compared to EGP in FY2014, as a result of which the ratio of SG&A to sales declined to 12.3% from 15.6% in Consequently, operating profit stood at EGP million in FY2015, up 165% y- o-y, with an operating profit margin of 14.8% compared to 6.9% the previous year. Taxes paid during FY2015 increased to EGP 36.7 million compared to EGP 19.1 million in FY2014, with an effective tax rate of 22% in line with the government s reduction in income taxes rates in August 2015 from 30% to 22.5%, effective retroactively to January Better sales year-on-year and the lower effective tax rate saw Domty s NPAT record a substantial 355% increase to EGP million compared to FY2014 figure of EGP 28.3 million. Net Profit Margin climbed 6.7 percentage points to 9.2% in FY2015 from 2.5% the previous year. As we said at the time of our listing, we are very aware that our transformation into a publicly traded company has just begun. We will continue to enhance not only our operations but also our governance framework as we prepare to deploy the proceeds of a EGP 300 million capital injection subsequent to our IPO. We are exploring opportunities to allocate the proceeds from the capital increase to expand our national distribution network, to introduce new product categories, and to expand our operations to high-growth African markets, El Damaty concluded. I. Capacity Additions Segment (tons/annum) % change Cheese Carton Pack 104, , % Plastic Tub 20,400 20,400 - Mozzarella 6,000 6,000 - Spreadable 1,800 1,800 - Total Cheese 132, , % Juice 1 Liter 17,000 17,000 -

3 250 ml 35,100 48, % Total Juice 52,100 65, % Total Capacity 184, , % II. Segment Analysis Revenues by Segment % change Carton Pack Revenues (EGP mn) % % of Total Revenues 64% 66% Plastic Tub Revenues (EGP mn) % % of Total Revenues 14% 11% Mozzarella Revenues (EGP mn) % % of Total Revenues 7% 6% Spreadable Revenues (EGP mn) % % of Total Revenues 1% 1% By-Product Revenues (EGP mn) % % of Total Revenues 0.4% 0.4% Total Cheese Segment Revenues (EGP mn) , % % of Total Revenues 86% 84% Juice Segment Revenues (EGP mn) % % of Total Revenues 14% 16%

4 III. Consolidated Income Statement (EGP mn) % Change Net Sales 1, , % Cost of Sales (888.6) (1,033.7) 16% Gross Profit % Gross Profit Margin 21.3% 26.2% 4.9 pts Sales & Marketing Expenses (159.6) (151.7) -5% General & Administrative Expenses (16.6) (20.8) 26% Total SG&A (176.1) (172.6) -2% Other Income (Expenses) % Provisions (including reversals) 3.0 (1.9) NA Operating Profits % Operating Profit Margin 6.9% 14.8% 7.9 pts Net Interest Expense (29.3) (34.8) 19% FX Gains (Losses) (1.7) (7.2) 313% Capital Gains (Losses) % Net Profit Before Tax % Income Tax (19.1) (36.7) 92% Net Profit % Net Profit Margin 2.5% 9.2% 6.7 pts EBITDA % EBITDA Margin 9.1% 16.9% 7.8 pts

5 IV. Consolidated Balance Sheet (EGP mn) Cash & Equivalents Inventory Receivables Prepayments & Other Receivables Due from Related Parties Other Current Assets Total Current Assets PP&E (Net) Projects Under Construction Total Non-Current Assets Total Assests Short-Term Debt CPLTD Machine Installments - CP Payables Due to Related Parties Provisions Accruals & Other Payables Income Tax Payable Total Current Liabilities LT Debt Machine Installments - LT Sales Tax on Machines & Equipment LT Notes Payable Deferred tax liabilities Total Non-Current Liabilities Total Equity Total Equity & Liabilities

6 About Arabian Food Industries Company Domty S.A.E. Domty, founded in 1988 and headquartered in Egypt, is a leader in the growing Egyptian cheese and juice market. The Company manufactures, markets and distributes a range of branded white and processed cheeses and juice products, with a family of nearly 200 SKUs under a brand portfolio including Domty, Damo, Gebnety and Bravo. Domty is a household name and the number-one cheese producer in the nation by market share. The Company sells to tens of thousands of retail and business customers as well as to more than 35 export destinations. Learn more about Domty by visiting Domty.org. Contact Ahmed El Homosani Investor Relations and Corporate Affairs Director T: ahmed.elhomosani@domty.org