9months 2010 Investors' Presentation - Palm Hills Developments

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AT A GLANCE Analysts’ Consensus Broker Rating Target Price (EGP per share) Upside 1 Citigroup Buy/High Risk 7.8 +35% Credit Suisse Outperform 7.63 +35% HSBC Overweight 8.00 +38% HC Securities Hold 7.50 +30% EFG Hermes Buy 7.50 +30% Pharos Buy 8.10 40% Naeem 11.3 95% 1 based on share price of EGP 5.78 as of 30 Sep 2010. Upside � Most geographically diversified land bank at cheap prices. � Largest sales and distribution network. � Backlog still on the rise due to successful shift to upper-middle segment. � Low cost of land and in-house construction maintains higher profitability levels. � Recurring revenue set to grow. � Rights issue boosts liquidity. � Exposure to upper-middle and high-end income segments. Downside (risks) � High fixed-land liabilities payment. � Secondary homes dominate the land bank. � Volatile second homes sales � Land disputes in Egypt. � Resource management problems leading to project delays. Investors’ Presentation | November 2010 12
Competitive Advantages Palm Hills Developments © | November 2010
Page 1 and 2: 9months 2010 Investors’ Presentat
Page 3 and 4: Agenda At a Glance Competitive Adva
Page 5 and 6: AT A GLANCE Palm Hills Developments
Page 7 and 8: AT A GLANCE Achieving impressive gr
Page 9 and 10: AT A GLANCE Shareholders value PHD
Page 11: AT A GLANCE Organizational and Gove
Page 15 and 16: COMPETITIVE ADVANTAGES Strong marke
Page 17 and 18: COMPETITIVE ADVANTAGES One of the m
Page 19 and 20: COMPETITIVE ADVANTAGES Room for gro
Page 21 and 22: COMPETITIVE ADVANTAGES Cost control
Page 23 and 24: Forward Strategy Palm Hills Develop
Page 25 and 26: FORWARD STRATEGY Adding recurring r
Page 27 and 28: FORWARD STRATEGY . . . Without sacr
Page 29 and 30: 9M’2010 PERFORMANCE Activities wr
Page 31 and 32: 9M’2010 PERFORMANCE Financial hig
Page 33 and 34: H1 2010 PERFORMANCE Top line growth
Page 35 and 36: Appendices Palm Hills Developments
Page 37 and 38: APPENDIX Projects’ key data Table
Page 39 and 40: APPENDIX Projects’ key data (Cont
Page 41 and 42: APPENDIX Projects’ key data (Cont

9months 2010 Investors' Presentation - Palm Hills Developments

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