9M 2017 Results 15 November 2017

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9M 2017 Results 15 November 2017 1

Agenda 9M 2017 Key Highlights Page 3 9M 2017 Destination Progress and Outlook Page 5 Financial Review Page 16 2

Key Highlights 9M 2017 Solid operational performance across all business segments in all destinations. A 25.5% increase in net real estate sales to reach CHF 86.1 million vs. CHF 68.6 million in 9M 2016 million with more contribution coming from El Gouna, Hawana Salalah, Sifah and Luštica. Revenues back to growth to reach CHF 170.8 million vs. CHF 169.9 million in 9M 2016 accompanied by significant growth by the Egyptian subsidiary recording 79.5% increase in revenues Y-o-Y. A 69.0% increase in Hotels Gross Operating Profits (GOP) to CHF 31.6 million vs. CHF 18.7 million in 9M 2016. Adjusted EBITDA increased by 15.8% to CHF 16.1 million in 9M 2017 vs. CHF 13.9 million in 9M 2016. Net loss attributable to shareholders for the reporting period was substantially reduced by 50.1% to CHF 30.3 million vs. CHF 60.7 million in 9M 2016. In Egypt, currently holding advanced discussions with private land owners in the North Coast to enter the second homes markets. 3

Agenda 9M 2017 Key Highlights Page 3 9M 2017 Destination Progress and Outlook Page 5 Financial Review Page 16 4

Business Segments 9M 2017 Revenue EBITDA Adj. EBITDA 1 (CHF mn) 9M 2017 9M 2016 Δ in % 9M 2017 9M 2016 9M 2017 9M 2016 Hotels 90.5 85.9 5.4% 33.0 7.2 27.3 12.4 Real Estate 49.4 44.2 11.8% 9.2 23.8 8.7 16.2 Land - 2.7 - - 7.1-3.2 Town Management 2 19.1 22.7 (15.8%) (4.8) (2.4) (4.8) (2.6) Tamweel Group 11.8 14.4 (18.1%) 2.9 4.2 3.1 4.4 Corporate & Unallocated Items - - - (24.6) (54.5) (18.2) (19.7) ODH Group 170.8 169.9 0.5% 15.7 (14.6) 16.1 13.9 1 Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates) 2 Town Management includes revenues from Utilities and services, Golf, Rentals, Hospital, Educational services, Marina, Limousine, Laundry and other Town amenities. 5

Business Segments 3Q 2017 Revenue EBITDA Adj. EBITDA 1 (CHF mn) 3Q 2017 3Q 2016 Δ in % 3Q 2017 3Q 2016 3Q 2017 3Q 2016 Hotels 31.5 37.3 (15.5%) 10.2 9.1 10.1 9.5 Real Estate 18.9 10.3 83.5% 3.2 1.5 3.0 2.9 Land - - - - - - - Town Management 2 7.2 7.1 1.4% (2.8) (1.5) (2.5) (1.6) Tamweel Group 4.6 5.9 (22.0%) 0.7 1.6 1.0 1.6 Corporate & Unallocated Items - - - (6.7) (12.2) (6.5) (6.6) ODH Group 62.2 60.6 2.6% 4.6 (1.5) 5.1 5.8 1 Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates) 2 Town Management includes revenues from Utilities and services, Golf, Rentals, Hospital, Educational services, Marina, Limousine, Laundry and other Town amenities. 6

Real Estate KPIs 9M and 3Q 2017 Net value of contracted units (CHF mn) Number of contracted units Average selling price (CHF/m 2 ) Country Destination 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 Egypt El Gouna 52.7 54.2 173 122 1,898 2,852 Fayoum 1.0 0.3 16 3 606 896 Makadi 0.1 0.2* 3-264 535 Gardania - 0.9-1 - 1,392 Oman Jebel Sifah 8.9 0.2 45 2 1,887 - Salalah Beach 10.3 0.8 87-1,511 2,639 Montenegro Luštica Bay 13.1 12.0 44 27 4,578 5,566 ODH Group 86.1 68.6 368 155 1,948 2,807 Country Destination 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 Egypt El Gouna 13.6 13.7 44 29 2,137 2,718 Fayoum 0.2 0.3 2 1 1,415 1,024 Makadi 0.1 (0.1) 2 (7) 254 - Oman Jebel Sifah 0.9 0.6 4 1 1,599 - Salalah Beach 10.1 (0.5) 86 (2) 1,499 - Montenegro Luštica Bay 9.5 6.2 30 11 5,547 5,596 ODH Group 34.5 20.2 168 33 2,173 2,565 * Upgraded fees for existing units. 7

Deferred Revenue Recognition Schedule (CHF mn) Country Destination Deferred Revenue Balance 2017 2018 2019 2020 2021 Egypt El Gouna 76.0 15.0 43.8 17.1 - - Fayoum 1.2-0.2 0.5 0.3 0.2 Makadi - - - - - - Total Egypt 77.2 15.0 44.0 17.7 0.3 0.2 Oman Jebel Sifah 33.6 12.8 17.6 3.2 - - Salalah Beach 12.4 11.1 1.3 - - - Total Oman 46.0 23.9 18.9 3.2 - - Montenegro Luštica Bay 55.3 3.6 34.7 17.0 - - ODH Group 178.5 42.6 97.5 37.9 0.3 0.2 * Figures are rounded to the nearest decimal point 8

Hotel KPIs 9M 2017 Total number of hotel rooms Number of available rooms Occupancy for available rooms (%) TRevPAR* (CHF) GOP PAR** (CHF) Destination 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 9M 17 9M 16 El Gouna 1 2,698 2,683 2,698 2,683 75 55 48 44 22 8 Taba Heights 2 2,365 2,365 1,260 718 31 33 11 23 (1) (9) Citadel Azur 514 514 514 514 58 42 39 39 18 13 Fayoum 3 50 10 50 10 39 27 20 24 (1) (64) Floating Hotels 27 27 27 27 17 5 79 37 16 (37) Total Oman 4 851 767 851 767 65 61 108 108 31 28 UAE 5 487 346 487 346 70 78 172 203 58 75 Makadi 6 1,113 1,113-491 ODH Group 8,105 7,825 5,887 5,556 1. In 9M 17 we transferred 82 hotel rooms of Fanadir and Bellevue into real estate products and in Q3 2017 Ancient Sands hotel room increased by 97 rooms 2. During 9M 2017, only 4 hotels were operating (Sofitel with 442 rooms, Strand Beach Hotel with 503 rooms, El Wekala Hotel with 215 rooms and 100 rooms in Bay View Hotel out of 394 existing rooms). Whereby, only 2 hotels were operating representing 718 rooms in 9M 2016. 3. In September 1 st, 2016, Byoum Lakeside Hotel was opened. 4. In December 22 nd, 2016, Al Fanar Hotel extension was opened with 84 rooms, thus brining total number of the hotel rooms to 302 rooms. 5. In June 2017, we opened 142 new rooms in the Cove Hotel, thus brining total number of the hotel rooms to 487 rooms. 6. Our 3 hotels in Makadi were rented to FTI Group since Jan. 2017. Whereby in 9M 2016 only one hotel was operating Royal Azur (491 rooms). * Financial KPIs are calculated based on the number of available rooms during the reported period of 9M 2017. ** Includes all expenses of the hotels in the destinations. 9

Hotel KPIs 3Q 2017 Total number of hotel rooms Number of available rooms Occupancy for available rooms (%) TRevPAR* (CHF) GOP PAR** (CHF) Destination 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 3Q 17 3Q 16 El Gouna 1 2,698 2,683 2,698 2,683 79 62 53 53 24 15 Taba Heights 2 2,365 2,365 1,260 718 41 49 16 13 1 0.3 Citadel Azur 514 514 514 514 72 54 52 50 24 20 Fayoum 3 50 10 50 10 25 27 16 24 (4) (64) Floating Hotels 27 27 27 27 8 3 41 22 (11) (31) Total Oman 4 851 767 851 767 50 56 98 132 30 53 UAE 5 487 346 487 346 55 85 125 204 29 66 Makadi 6 1,113 1,113-491 ODH Group 8,105 7,825 5,887 5,556 1. In 9M 17 we transferred 82 hotel rooms of Fanadir and Bellevue into real estate products and in 3Q 2017 Ancient Sands hotel room increased by 97 rooms 2. During 9M 2017, only 4 hotels were operating (Sofitel with 442 rooms, Strand Beach Hotel with 503 rooms, El Wekala Hotel with 215 rooms and 100 rooms in Bay View Hotel out of 394 existing rooms). Whereby, only 2 hotels were operating representing 718 rooms in 9M 2016. 3. In September 1 st, 2016, Byoum Lakeside Hotel was opened. 4. In December 22 nd, 2016, Al Fanar Hotel extension was opened with 84 rooms, thus brining total number of the hotel rooms to 302 rooms. 5. In June 2017, we opened 142 new rooms in the Cove Hotel, thus brining total number of the hotel rooms to 487 rooms. 6. Our 3 hotels in Makadi were rented to FTI Group since Jan. 2017. Whereby in 3Q 16 only one hotel was operating Royal Azur (491 rooms) * Financial KPIs are calculated based on the number of available rooms during the reported period of 3Q 2017. ** Includes all expenses of the hotels in the destinations. 10

El Gouna, Egypt 9M 2017 Highlights and Outlook: Net sales reached CHF 52.7mn in 9M 2017, despite the 50% devaluation of EGP to CHF. Hotels GOP surged by 163.3% to reach CHF 15.8mn compared to CHF 6.0mn in 9M 2016. Successfully hosted the first edition of El Gouna Film Festival and for which we have built four new high standard cinemas. Successfully launched a new high-end real estate project over looking the marina Abu Tig Hill in Q4 2017 with a total inventory of USD 22.0mn. Continuing with the renovation work across some of our hotels. Finalized the construction of the party event area which will hold a capacity of 2,500 guests. Planning to launch Phase II of G-Space by mid-december 2017 following the great success of Phase I. Financials & KPIs 9M 17 9M 16 % Chg Hotels Number of rooms 2,698 2,683 0.6% Occ. for available rooms (%) 75 55 36.4% TRevPAR (CHF) 48 44 9.1% GOP PAR (CHF) 22 8 175.0% Total Revenues (CHF mn) 34.4 31.7 8.5% Real Estate Net Contracted Units (CHF mn) 52.7 54.2 (2.8%) No of Contracted Units 173 122 41.8% Avg. Selling Price (CHF/m 2 ) 1,898 2,852 (33.5%) Total Revenues (CHF mn) 23.1 28.5 (18.9%) Deferred Revenue (CHF mn) 76.0 87.6 (13.2%) 11

Hawana Salalah, Oman 9M 2017 Highlights and Outlook: Hotels GOP increased by 20.7% to reach CHF 7.0mn vs. CHF 5.8mn in 9M 16. Net sales reached CHF 10.3mn vs. CHF 0.8mn in 9M 2016. In August 2017 we launched a new real estate project Lagoon Project (254 apartments), with a total inventory of CHF 31.8mn. Progressing with the construction of the Water Park to be launched in Dec 2017. Progressing with the construction of the 98 new rooms in Al Fanar Hotel & 22 new rooms in Rotana hotel, to be finalized by the end of Dec 2017. Al Fanar was awarded a 5-Star rating following a reassessment of its services. The additional star comes as a direct result of its superior services. Financials & KPIs 9M 17 9M 16 % Chg Hotels Number of rooms 784 700 12.0% Occ. for available rooms (%) 68 64 6.3% TRevPAR (CHF) 109 108 0.9% GOP PAR (CHF) 33 30 10.0% Total Revenues (CHF mn) 23.3 20.8 12.0% Real Estate Net Contracted Units (CHF mn) 10.3 0.8 1,188% No of Contracted Units 87 - - Avg. Selling Price (CHF/m 2 ) 1,511 2,639 (42.7%) Total Revenues (CHF mn) 2.9 9.8 (70.4%) Deferred Revenue (CHF mn) 12.4 17.2 (27.9%) 12

Jebal Sifah, Oman 9M 2017 Highlights and Outlook: Net sales reached CHF 8.9mn vs. CHF 0.2mn in 9M 16 Capitalizing on the great success of Phase 1 of the Golf Lake Residence, we are planning to launch Phase 2 of the project with a total inventory of CHF 18.0mn by the end of Nov 2017. Opened the first 9 holes of the golf course and the Bank Bar, Restaurant, Pool in September 2017. Financials & KPIs 9M 17 9M 16 % Chg Hotels Number of rooms 67 67 - Occ. for available rooms (%) 32 32 - TRevPAR (CHF) 92 99 (7.1%) GOP PAR (CHF) 7 7 - Total Revenues (CHF mn) 1.7 1.8 (5.6%) Real Estate Net Contracted Units (CHF mn) 8.9 0.2 4,350% No of Contracted Units 45 2 2,150% Avg. Selling Price (CHF/m 2 ) 1,887 - - Total Revenues (CHF mn) 2.9 3.6 (19.4%) Deferred Revenue (CHF mn) 33.6 17.2 95.3% 13

Luštica Bay, Montenegro 9M 2017 Highlights and Outlook: Progressing with the construction of the Chedi Hotel to be finalized in summer 2018 & started the rough construction works of the golf course. Delivered the G Buildings and finished the new access road to marina village. Successful launch of Centrale Phase 1; the town center concept, with approx. 60% contracted and reserved during the first month of launch. Financials & KPIs 9M 17 9M 16 % Chg Real Estate Net Contracted Units (CHF mn) 13.1 12.0 9.2% No of Contracted Units 44 27 63.0% Avg. Selling Price (CHF/m 2 ) 4,578 5,566 (17.7%) Total Revenues (CHF mn) 20.2 - - Deferred Revenue (CHF mn) 55.3 42.1 31.3% 14

Agenda 9M 2017 Key Highlights Page 3 9M 2017 Highlights and Outlook per destination Page 5 Financial Review Page 16 15

Income Statement (CHF mn) 3Q 2017 3Q 2016 9M 2017 9M 2016 Revenue 62.2 60.6 1 170.8 169.9 Cost of sales (50.2) (49.8) (133.8) (136.9) Gross profit 12.0 10.8 37.0 33.0 Gross profit margin 19.3% 17.8% 21.7% 19.4% Investment income 1.9 2.1 4.0 5.0 Other gains and losses 3.3 (1.9) 2 11.8 (11.9) Administrative expenses Share of associates profit/losses (9.0) (9.1) 3 (25.3) (28.8) (3.6) (3.4) 4 (11.8) (11.9) EBITDA 4.6 (1.5) 15.7 (14.6) Depreciation (6.0) (8.5) 5 (17.8) (23.8) Finance costs (8.3) (10.5) 5 (24.7) (31.6) Income tax expense (1.3) (0.9) (3.5) (1.7) Net loss for the period (11.0) (21.4) (30.3) (71.7) Notes 1 2 3 4 Revenues increased due to enhanced operational performance. Yet the significant surge in the Egyptian subsidiary s revenue was not captured as much due to the translation of the EGP revenues to CHF. Other gains and losses mainly includes: Gains in relation to settlement of borrowings in the amount of CHF 6.4mn. FX gain of CHF 5.3mn. Administrative expenses decreased mainly due to the devaluation of EGP against foreign currencies. The share of associates losses decreased mainly due to the enhanced operations of the associate companies. Attributed as follows: ODH shareholders (11.4) (19.5) (30.3) (60.7) Non-controlling interest 0.4 (1.9) (0.01) (11.0) Basic EPS (CHF) (0.29) (0.48) (0.76) (1.50) 5 The decrease in depreciation & finance costs was mainly driven by the devaluation of the EGP against the foreign currencies. 16

Balance sheet (CHF mn) 30.09.17 31.12.16 Property, plant and equipment 1 724.0 762.6 Inventories 128.3 125.0 Notes 1 PPE decreased mainly due to the reclassification of the 3 rented hotels in Makadi to investment property. Receivables 2 92.5 98.3 Cash and bank balances 96.3 80.8 Investments in associates 65.8 78.6 Other assets 3 103.6 72.8 Non-current assets held for sale 5 77.6 67.2 Total assets 1,288.1 1,285.3 Borrowings 4 359.5 369.6 Payables 33.8 36.3 Provisions 70.8 68.6 Other liabilities 208.0 165.0 Liabilities related to assets held for sale 65.7 54.1 Total liabilities 737.8 693.6 Non-controlling interests 142.3 140.5 5 2 3 4 5 Receivables decreased mainly due to the increase in Real Estate collection during the period. Other assets includes the renting of the 3 hotels in Makadi. Borrowings decreased mainly due to the settlement from one of our subsidiaries Asset held for sale and liabilities held for sale increased mainly due to the increase in Tamweel activities during the period. Equity attributable to ODH shareholders 408.0 451.2 Total liabilities and equity 1,288.1 1,285.3 17

Cash Flow statement (CHF mn) 9M 2017 9M 2016 Cash generated from operations 8.8 0.1 Interest paid (6.4) (5.1) Income tax paid (2.3) (3.5) Operating Cash Flow 1 0.1 (8.5) Payments for PP&E 2 (18.9) (18.6) Other items 7.3 7.5 Investing Cash Flow (11.6) (11.1) Change in Borrowings 3 29.3 0.5 Other items 0.1 2.3 Financing Cash Flow 29.4 2.8 Net change in the cash 17.9 (16.7) Cash and bank balances beginning of period 82.2 167.6 Effects of FX changes 4 (1.6) (14.9) Notes 1 2 3 4 Cash flow from operations increased as a result of enhanced performance across the business segments. PP&E mainly includes payments of: CHF 7.1mn for RAK extension CHF 9.7mn for Al Fanar extension and Sifah infrastructure. Change in Borrowings mainly due to: (-) Debt Repayment in Egypt amounting to CHF 11.7mn and Oman CHF 7.5mn. (+) Funding received from shareholders (CHF 34.4mn). (+) Funding received for Oman, UAE and Montenegro amounting to CHF 2.5mn, CHF 9.9 and CHF 1.7mn respectively. Due to the strengthening of CHF against other currencies. Cash and bank balances end of period 98.5 136.0 18

Financing profile 1 Interest Expenses by Currency in %, as of 30.09.17 Total Debt by Currency in %, as of 30.09.17 3% 2% 6% 17% EGP 27% USD EUR AED 45% CHF OMR 21% 13% EGP USD 7% 6% 53% EUR AED OMR Total Debt by Country in %, as of 30.09.17 21% 8% 1% 70% Egypt Oman UAE Montenegro 30.09.17 31.12.16 Equity ratio (%) 2 42.7 46.0 Weighted average cost of debt (%) 8.39 7.40 1 All debt figures exclude debt relating to Tamweel 2 Equity Ratio = Total Equity/Total Assets 19

IR dashboard Investor Relations Contact Sara El Gawahergy Head of Investor Relations Phone EGY: +20 (0)22 461 89 61 Phone CH: +41 (0)41 874 17 11 E-Mail: ir@orascomdh.com 20

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