2010 Investor Day 2010 Investor Day - Orascom Development

2010 Investor Day 

9 November 2010

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UNITED ARAB EMIRATES, KUWAIT, MOROCCO, OMAN AND SAUDI ARABIA. 

1

Leading Integrated Town Developer 

United Kingdom 

Switzerland 

Egypt 

Operating tourist towns 

• El Gouna 

b ih 

• The Cove 

Montenegro 

Romania 

• Taba Heights 

UAE 

Tourist town projects under development 

Egypt • Amoun Island Il • Ras Benas, Berenice 

• Al Roboua & Byoum 

• Riyad Resort 

Oman 

• Jebel Sifah 

• Salalah Beach 

• As Sodah Island 

• City Walk, Muscat 

Switzerland • Andermatt 

Morocco 

• Chbika 

Montenegro • Tivat 

United Kingdom • Cornwall 

Egypt 

Existing budget housing communities 

• Haram City 

Budget housing projects under development 

Morocco 

Egypt 

Jordan 

UAE 

Oman 

Egypt 

Romania 

• Fayoum 

• Constanta 

Source: Group data; the Company has participations held for investment in Jordan 

2

Operating Tourist Towns

El Gouna 

The Group’s flagship town 

1990 1992 1996 2010 

Project scope: 36.8 million m 

2 

• 11.2 million m 2 developed 

• Town of 18,000 to 22,000 inhabitants 

• 15 operating hotels (2,737 rooms) of which 14 hotels (2,571 rooms) controlled by the Group 

• One luxury hotels under development (10 rooms), along side a four star hotel offering 54 rooms, and a Four 

Seasons being planned (Management Agreement signed during Q3 2010) 

• Approx. 100 restaurants and bars, 18 hole USPGA golf course, 3 marinas (approx. 361 berths) 

• Landing strip, hospital, schools, university centre 

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El Gouna 

Real Estate 

• 2,609 units sold till end of Q3 2010 

• Sold to more than 30 nationalities 

• El Gouna prices increased by more than 33% p.a. (CAGR, CHF terms) since 2004 

• Rentable real estate space of 308,808 m 2 , including staff housing, commercial space, and administrative units 

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El Gouna 

Hotels 

• As at 30 September, El Gouna’s 15 hotels offered a total capacity of 2,737 rooms, of which 14 

hotels are controlled by the Group, offering a total capacity of 2,571 rooms 

• Occupancy rate of 73%, ARR of CHF 66, TRevPAR 1 of CHF 85 

• Management contracts with leading international operators, including: 

Notes: 

1 Defined as total revenue per available room (includes non room revenues, e.g. F&B and entertainment) 

Source: Group data as per the financial results for the period ending 30 September 2010 

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El Gouna 

Town Management and Others 

• 3 marinas with approx. 361 berths, of 

which h Abu Tig marina was awarded ddthe 

best marina in the MENA region for 2010 

• World class hospital 

• Landing strip ti 

• University centre 

• 4 schools 

• 18 hole USPGA golf course 

• Several water sports centres 

• Child‐day‐care facility 

• Desalination plant 

• Electricity generation plant 

• Water treatment facility 

• Communications network 

• Road network and public transportation 

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El Gouna 

Sustainability ‐ CSR 

• To ensure that our operating destinations are low‐waste communities the following initiatives are in place: 

o Waste recycling plant 

o Water management system 

o Planting project 

o Water desalination project 

• Served as the pilot project for to implement an environmentally and economically sustainable management system for the 

hotel industry in Egypt and as a result 12 of the town’s hotels were awarded the Green Star Hotel eco‐label 

• In recognition of the success of the environmental hotel certification project, El Gouna was awarded with the DRV 

Environmental Certificate of Excellence 2009 for the Green Star Hotel Initiative 

8

Taba Heights 

Red Sea, Egypt 

Project scope: 4.3 million m 2 


• Approx. 4,000 permanent residents and visitors 

• 5 operating hotels (1,980 rooms) 

• ClubMed Taba is currently under construction offering 385 rooms and is scheduled to open in December 

2010 

• Villas and apartments (1,405 units planned) 

• 59 outlets including cafes, bars, restaurants and shopping facilities 

• Yacht marina (50 berths), 18 hole PGA golf course, medical center, and child daycare services 

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Projects Under Development

Muriya Tourism Development ‐ Oman 

Corporate Structure 

Muriya Tourism Development 

• 70% owned by Orascom Development Holding AG, and 30% owned by Omran (an entity owned by the 

Omani Government) 

• Managing Director: Adel Taqy 

• Staff 2010: 1,184 employees 

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Jebel Sifah 

Oman 


• 30 km away from downtown Muscat 

• 5 hotels (804 rooms) planned (1,250 maximum room capacity in the long run) 

• 450 villas and 500 apartments planned 

• A marina, golf course, and town center 

• Free hold residences 

The Sifawy Hotel is expected to become operational by beginning of 2011, and Rezidor’s Hotel Missoni 

(250 rooms), Four Seasons (200 rooms) are scheduled to become operational by 2013 

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Jebel Sifah 

Oman 

Sifawy hotel: 

• Located along the marina boulevard at Jebel Sifah 

• 55 guest rooms including 26 elegantly appointed suites 

• Shdldf Scheduled for opening early 2011 

13

Salalah Beach 

Oman 


• 15 km away from Sllh Salalah airport 

• Planned components 

‐ 5 hotels with total capacity of approx. 2,500 rooms (management agreements signed with ClubMed, 

Mövenpick and Rotana) 

‐ 550 villas and 600 apartments 

‐ Golf course, natural lagoons, and town center 

The Juweira Marina Hotel (65 rooms) and the marina are scheduled to open by 2011. The Rotana (396 

rooms) and ClubMed (314 rooms) hotels are expected to open in 2013 

14

As Sodah Island 

Oman 

Project scope: 1 million m 2 

• The island covers approx 11 million m 2 

• A luxury hotel offering 32 exclusive villas, to be operated by Cheval Blanc (the new hotel brand of Moet 

Hennessy Louis Vuitton ‐ LVMH) 

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Andermatt Swiss Alps ‐ Switzerland 


Andermatt Swiss Alps AG 

• Fully owned subsidiary of Orascom Development Holding AG 

• Managing Director: Gérard Jenni 

• Staff 2010: 37 employees 

• Realization “The Chedi Andermatt Hotel”: Joint Venture (Bellevue Hotel & Apartment Development AG): 

Andermatt Swissalps AG (51%) with Waterford Investments AG (49%) 

16

Andermatt Swiss Alps 

Master Plan 

Project scope: 1.5 million m 

2 

• 6 Hotels (4*/5*) with 844 units 

• 490 apartments in 42 buildings, 28 villas 

• Upgrading ski area Andermatt – Oberalp – Sedrun 

• 1 sports center 

• 18 hole golf course 

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Project Status 

The Chedi Andermatt Hotel 

• 3Q 2009: Start of preparatory works 

• 2Q 2010: Start of construction of 

basement of hotel complex 

• 4Q 2013: Grand Opening 

Golf Course 


• 2Q 2010: Start of earth works, 

drainage 

• 2Q 2013: Operation start 

Podium / Infrastructure 


• 3Q 2010: Start of construction 

(piling, roads, etc.) 

• 3Q 2012: Completion of basic 

infrastructure, parking 

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Milestones 

Key objectives achieved 

• Decontamination of site completed, construction started 

• Launch of real estate sales during April 2010 

• Management contracts signed with GHM (Chedi Hotel), and with Rezidor (Radisson Blu Hotel) 

• Upgrading ski area initiated 

Milestones 

• 2Q 2013: Opening of Golf Course 

• 4Q 2013: Opening of “The Chedi Andermatt” hotel, 1st elements of new ski area operational 

• 2014: Opening of Radisson Blu hotel, first apartment buildings completed 

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Real Estate 

Total: 490 apartments, 544 units in hotels, 28 villas – high end category 

Target markets: CH, D, UK, Italy, Benelux 

Reservations until 30 September 2010: 

• 12 apartments in apartment buildings on Podium; average selling price 

CHF 15,500/m 2 

• 11 condos in “The Chedi Andermatt”; average selling price CHF 

22,000/m 2 

• 1 villa; average selling price CHF 18,500/m 2 

Total value of reserved units CHF 62 million 

20


Hotels 

The Chedi Andermatt 

Hotel –5* 

Radisson Blue Hotel 

Andermatt – 4* 

• Management Agreement signed with GHM 

• 169 keys (50 hotel rooms, 106 apts. with 1‐2 bed 

rooms, 7 Lofts, 6 Penthouses) 

• 2 restaurants, bar, ski lounge 

• Spa, wellness, indoor/outdoor swimming pool 

• Construction start: Q3 2010 

• Scheduled opening: Q4 2013 

• Management Agreement signed with Rezidor 

• 240 keys (62 hotel rooms, 178 1‐ and 2‐ bed‐ room apts.) 

• Restaurants, bar 

• Conference and concert facilities for 600 people 

• Spa, wellness, indoor swimming pool 

• Construction start: Q3 2011 

• Scheduled opening: Q3 2014 

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Implementation of sustainability approach ‐ balance of social, ecological, economic aspects: 

Social dimension of sustainability 

• Cooperative planning processes with the involvement of residents, authorities, and NGO’s 

• Provision of first homes for local population at reasonable prices 

Ecological dimension of sustainability 

• CO 2 neutral energy provision – electricity from natural resources (hydro power/wind), heating from geothermal 

probes and from district heating network 

Economic dimension of sustainability 

• Creation of new jobs 

• Creation of added value for the regional economy 

22


Impressions 

23


Impressions 

24

Oued Chbika Development SA ‐ Morocco 


Oued dChbika Development SA 

• 65% owned by Orascom Development Holding AG, and 35% by Caisse de Dépôt et de Gestion (CDG) 

• Managing Director: Ulrich Floersch 


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Chbika Sahara Atlantic 

Location 

Average temperature: 22° C 

At 3 hours ½ from the center of Europe 

26


The Site 

27


Development Phase 

Project scope: 15 million m 2 

Land under development: 5 Million m² 

28


Masterplan 

Project scope: 15 million m 

2 

• Land under development 5 million m 2 

• 8 Hotels (4‐5 stars) with 2 500 rooms 

• 1,851 residential units (villas & apartments) 


• 1 marina with 104 berths 

• 1 sports center 

• Town center, school, hospital 

29


Project Status 

• Our offices on site are finished. 

• All construction permits to develop the marina have been recently obtained (October, 2010) and works 

will start before the end of this year. 

• Allotment permit for the whole project expected in December, 2010. 

• All the earthworks /excavations for the marina & the marina town will start in 2011. 

• We expect the first hotel to become operational during 2013. 

30


Milestones 

• 2013: 2 hotels opening and villas, apartments & riads 

• 2014: Chbika Golf opening with a third hotel 

• 2015: 2 hotels with real estate 

31


Real Estate 

• Target markets: Morocco, France, Spain & Benelux 

• 350 units as follows: 27 villas, 121 riads, 173 apartments 29 kossours (plot of land) 

32


Hotels 

• Hotel target markets: Europe, Middle East / Category: 

4 and 5 stars 

• We are currently in discussion with existing and new 

brands 

33



• Contribution of US$ 2.3 Million for the socio‐ 

economic development of the locallsociety 

it 

• Yearly contribution to the “Chbika Festival” & the 

“Moussem of Tan‐Tan” 

• Creation of a handcraftcenter 

• Opening of the marina to the local fishermen 

• Considering the creation of a hotel school in Tan‐ 

Tan 

• Medical unit 

34


Impressions 

35


Impressions 

36


Impressions 

37

Lustica Development ‐ Montenegro 


Lustica Development A.D. 

• Joint Venture: 90% Orascom Development, and 10% Government of Montenegro 

• Managing Director: Samuel Meyer 


38

Lustica Development 

Draft Masterplan 

Project scope: 6.8 Million m 

2 

• 8 Hotels (2,200 rooms) 

• 1,600 apartments and 750 villas 

• Downtown with all necessary facilities 

• 2 marinas, water sports, Thalasso center 


39


Project status/Milestones 

Project status 

• Development of final Masterplan 

• Technical studies for setup of marina and infrastructure ongoing 

• October 2010: Start of preparatory works 

Milestones 

• 3Q 2011: Start of construction works phase 1 

• End of 2013: Phase 1 operational: main marina, golf course, 1 hotel, and first 

downtown facilities 

40


Real Estate 

• Total: 1,600 apartments and 750 villas – ranging from middle class to high end category 

• Real estate target markets: Europe (including Russia) and the Middle East 

• Expected start of real estate sales: 2012 

41


Hotels 

8 Hotels with 2,200 rooms 

• Category 4 – 5 stars 

• 3 Hotels near main marina and downtown 

• 1 Hotel in the Exclusive Area (western part of the site) 

• 1 Golf Hotel 

• 1 Thalasso Hotel 

• 2 Hotels in the eastern part of the site 

• Expected opening of the first hotel by end of 2013 

42



Ecological Benefits 

• Low‐density approach, preserving the beauty of nature and landscape, p,green areas and green spaces 

• Low‐carbon energy supply, renewable energies (water, geothermal heat, solar, wind) 

• Eco‐friendly architecture and building methods 

• Ecological supply and disposal concepts 

Economic Benefits 

• Creating new jobs 

• Generating local value added ‐ working together with local suppliers and contractors 

Social Benefits 

• Cooperative planning processes with authorities and the involvement of residents and NGO’s 

• Improved infrastructure, optimum transportation links 

• Public squares and amenities, Kindergarten, schools, medical services, sports facilities 

43

Eco‐Bos Development –United Kingdom 


Eco‐Bos Ltd. 

• Joint Venture: 75% Orascom Development and 25% Imerys 

• Managing Director: Alex Yule‐Smith 


44

Eco‐Bos Development 

Masterplan 

Project scope: 7 Million m 2 

• Redevelopment of former industrial land (960 

football pitches) 

• 5,500 new homes (30% affordable units) 

• 250,000m 2 of commercial area – 5,500 jobs 

• 1 new stunning marina 

• Major investments in new roads and rail 

infrastructure 

• “Eco‐town” lbl label granted by UK Government 

45


Project status/Milestones 

Project status 

• Master plan and design competition for pilot site finished, planning for pilot site on going 

• Development of final Masterplan for Par and West Carclaze/Baal on going 

Milestones 

• 3Q 2011: Start of construction for pilot site 

• 4Q 2012: Pilot operational 

• 2012: Start t of construction ti for Par and West tCarclaze/Baal 

l 

46


Real Estate 

• Total: 5,500 new homes (30% affordable homes) ranging from affordable to high end category 

• Pilot: 50 new homes 

• First phase: 3,000 new homes 

• Real estate target markets: UK and Europe 

• Start of real estate sales: 2011 (pilot site) 

47


Hotels 

• At Par Marina there will be 1‐2 Marina hotels – available rooms 50 – 100. 

• Category 4 –5 stars 

• Expected start of operation: 2015 ‐ 2016 

48

Eco‐Bos Development Ltd. 


Ecological Benefits 

• Low‐carbon homes and buildings 

• Replacement of fossil fuels through the use of renewable energy (geo‐thermal energy, wind power, solar) 

Economic Benefits 

• Creating new jobs 

• Generating local value added ‐ working together with local suppliers and contractors 

• Enhance attractiveness of Mid‐Cornwall for sustainable tourism 

Social Benefits 

• Cooperative planning processes with authorities and the involvement of residents and NGO’s 

• Improved infrastructure, optimum transportation links 

• Creation of 500 hectares of restored land providing green space for recreation and food production 

49

Existing Budget Housing Communities

Orascom Housing Communities ‐ Egypt 


Orascom Housing Communities 

• Joint Venture established in collaboration with Equity International (Sam Zell) 

• The Group retains majority stake (69.7%) and management control in the project company 

• Managing Director: Omar Elhitamy 

• Staff 2010: 1,870 employees including construction workers 

51

Haram City 

6 th of October, Egypt 

• Total project area of approx. 8.4 million m 2 

• Total developed area of approx. 1.9 million m 2 

• Development plans for approx. 50,000 units 

• Phase I: approx. 10,474 units 

• 6,646 units contracted and delivered for a total value of CHF 118 million by end of 9M 2010 

52

Haram City 

Milestones 

• Town management services in Haram City include: security, internal and external transportation, 

education facilities for the elementary stage (public and private schools), nursery, bread production 

and distribution, gas cylinders outlet, and food shops. The town management services also include 

garbage collection, maintenance for residential units, and finishing teams 

• All infrastructure components for the first phase are completed 

• Currently developing a water treatment plant 

• In 2011, OHC is planning to develop a 66Kv electrical power substation, a church and to complete the 

social club buildings 

53

Haram City 


• Haram City embraces several social initiatives and NGOs activities including: 

• Subsidizing Haram Language School primary education fees and rental fees for single mothers 

• Land for “Ana Al Masry” Foundation and the waste recycling company “Ertiqaa” 

• Employment opportunities for women at Malaika embroidery factory 

• OHC aims at making Haram City a zero‐waste community by developing: 

• A recycling facility for garbage material 

• A sewage treatment plant to recycle waste water for gardening and landscaping 

• Studying initiatives for solar‐powered heaters for providing hot water for the community 

54

Other Developments

The Cove 

Ras Al Khaimah, U.A.E. 

Project scope 0.3 million m 2 


• The Group’s first development in the GCC 

• The Cove is now fully developed, offering: 

o 5 star hotel (The Cove Rotana Resort & Spa) with 335 rooms that started operating 

February 2009 

o 190 Nubian style chalets (all pre‐sold) 

o 78 apartments 

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2010 Investor Day 2010 Investor Day - Orascom Development

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