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PADICO Holding

PADICO Holding. Investors’ Presentation 1Q2010. PADICO Financial Statements. Consolidated Income Statement Summary. Net profits decreased by 17% in 1Q2010 compared to 1Q2009: Absence of non-recurring items amounting to USD 6 million when compared to 1Q 2009

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PADICO Holding

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  1. PADICO Holding Investors’ Presentation 1Q2010

  2. PADICO Financial Statements

  3. Consolidated Income Statement Summary Net profits decreased by 17% in 1Q2010 compared to 1Q2009: Absence of non-recurring items amounting to USD 6 million when compared to 1Q 2009 Operating revenues increased by 67% Profits from associates increased by 23% Net Pro forma income increased by 59% in 1Q2010 compared to 1Q2009

  4. Revenue Sources Net Profit Revenues & Net Profit Amounts is USD thousand Amounts in USD thousand

  5. Total Assets CAGR = 7% ConsolidatedBalance Sheet Summary Total Liabilities decreased by 6% due to: A decrease in Loans and credit facilitation from USD 165.8 million in 2009 to USD 150.2 million in 1Q 2010

  6. EPS ROA & ROE Profitability Ratios G= (20)% Amounts in USD

  7. Debt Ratios Capital Structure

  8. Stock Performance USD

  9. Multiples Stock Ratios

  10. Subsidiaries Performance

  11. Revenues and Net Profit Amounts in JOD thousand PPC Main Indicators

  12. Revenues and Net Profit Amounts in JOD thousand PRICO Main Indicators

  13. Revenues and Net Profit Amounts in USD thousand PSE Main Indicators

  14. Revenues and Net Profit Amounts in JOD thousand NCI Main Indicators

  15. Revenues and Net Profit Amounts in JOD thousand PALTEL Main Indicators

  16. Future Plans 2010-2013

  17. Where is PADICO heading in the future?

  18. Merging and acquiring 16 companies into one holding company. • The value of the transaction is USD 95 million • PADICO to own a controlling stake in the new holding. Transaction Summary Real Estate Restructuring Plan Rationale Synergies Status • Cost synergies: • Integration in HR, IT and operations practices; especially in terms of purchases and usage of equipment. • Revenue synergies: • Market and client business integration: • Consolidate PADICO activities in the real estate into one structure • Establish a strong and a leading company in Palestine • The new holding to concentrate on real estate development, management and contracting • Phase one has been completed relating to the due diligence of the related companies in addition to the valuations. • Restructuring of current separate entities is being finalized, in terms of loans repayment and capital reductions. • Business plan is being finalized for the new holding

  19. Consolidating 6 companies into one holding company. • The value of the transaction is USD 9.7 million • PADICO owns a controlling stake in the holding (PIIC). Transaction Summary Manufacturing Sector Restructuring Plan Rationale Synergies Status • Consolidate PADICO activities in the manufacturing sector into one structure • Establish a strong and a leading company in Palestine • The new holding to invest in Oil production, carton, plastics and packaging industry, in addition to Poultry. • Cost synergies: • Integration in HR, IT and operations practices, especially in terms of acquiring raw materials. • Revenue synergies: • Market, client business integration especially in terms of effective distribution. • The holding has acquired most related companies in PADICO Portfolio • The holding to finalize an internal restructuring and add a strong marketing department

  20. Transforming the PSE from a private shareholding company to a public shareholding company • Separate the depository and clearance centre from the trading activities • PADICO to reduce its holdings in the PSE from 76% to around 50% PSE Restructuring Plan Transaction Summary Rationale Status • Corporate governance implementation • Attract strategic international investors into the PSE. • The Government approved the transformation • In the process of marketing the PSE to a strategic investor • An International expert brought by the PCMA will examine the separation procedures this May.

  21. Power Generation Sector Overview There is only one Power Generation Plant in Palestine based in the Gaza Strip and provides only 30% of the electricity needs there. In the West Bank, Palestinians import around 2 million MWh/ year from Israel to match the demand. Electricity tariffs are higher than neighboring countries by around 30%. • PADICO will establish a power generation station located in Northern West Bank, with a total capacity of 400 MWh. • The estimated cost will be USD 300 million, USD 120 million will be financed through equity, while the USD 180 million will be debt. • The plant is expected to start operations by end 2014. PADICO Investment

  22. 1.4 million tones of municipal waste is generated every year in the West Bank and Gaza Strip • The average growth in waste generation is estimated at 4% per year, depending on population growth, economic growth and the extent to which people adopt consumer and disposable lifestyles. Solid Waste Sector Overview • PADICO established the first recycling company in Palestine (including the composting) “ The Palestinian Recycling Company”. • The new company's first pilot projects will be building, managing , and operating a recycling facility in Nablus with a total cost of USD 2 million, to start operations Sep. 2010 PADICO Investment

  23. The average quantity of wastewater in Palestine is over 100 mcm per year • More than 75% of the waste water go into the ground • 80% of the collected wastewater can be retreated and utilized for irrigation. Waste Water Sector Overview • PADICO will be the first private company to enter the water sector in Palestine. • A new company will be established owned by PRC and a regional investor • An MOU has been signed with Jenin Municipality to upgrade the wastewater treatment plant. • The project estimated cost is around USD 1- 2 million, and will start operations beginning of 2011. PADICO Investment

  24. The average local demand of the Madgool is estimated around 2,700 ton • The average local supply of the Madgool is estimated around 270 ton, excluding the settlements supply. Agriculture Sector Overview • PADICO will be planting 3,000 dunums at 3 stages. • The First stage will be planting 400 dunums with around 5,000 palm trees. • A new company will be established with a total capital of USD 10 million, and PADICO and its subsidiaries to own around 51%. PADICO Investment

  25. Contact Information PADICO Holding Ramallah- Palestine Tel: + 970 2 240 3336 Fax: + 970 2 240 3363 P.O.Box: 1708 Ramallah- Palestine Email: padico_ramallah@padico.com

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