Investor Presentation 1Q 2017 - Inktank...
Transcript of Investor Presentation 1Q 2017 - Inktank...
Investor Presentation 1Q 2017
RESILIENCE
Investments that Stand the Test of Time
Egypt Kuwait Holding | Investor Presentation 2
Cautioning and Forward Looking Statements
This presentation was prepared by Egypt Kuwait Holding (“EKH”) and is strictly confidential and may contain market sensitive information. All recipients hereof who are
permitted to receive the same are bound by the restrictions on disclosure and use and other terms thereof. The provision of this presentation is intended for discussion
purposes only, and no person has represented or warranted the accuracy or completeness of any information contained herein. It does not constitute an offer or
recommendation to enter into any transaction by EKH, its affiliates or its officers, directors or advisors. If you decide to enter into a transaction you do so in reliance of your
own judgment. When making an investment decision, you should rely solely on the final documentation relating to the transaction and not this presentation. This presentation
is strictly confidential and speaks only as of the aforementioned date. This presentation is not intended to be relied on for any purposes by any person without EKH’s consent.
Neither EKH nor any of its affiliates are under any obligation to consider or enter into any transaction. EKH and its affiliates shall not have any liability for any information
contained in, or any omission from, the presentation or any other written or oral communication transmitted to the recipient(s) and they disclaim all liability for any direct,
indirect, consequential or other damages or losses incurred by the recipients or any third party that arise from any
reliance on this document or its accuracy.
AGENDA
EKH OverviewInvestment Portfolio• Fertilizers and Petrochemicals Segment• Energy and Energy-Related Segment • Diversified Segment
Future Expansion• MDF Project
Financial Highlights
Appendix 1: Organization & Governance
Egypt Kuwait Holding | Investor Presentation 4
EKH OVERVIEW
Egypt Kuwait Holding | Investor Presentation 5
EKH at a Glance
19 investments in strategic
sectors, ranging from
fertilizers and petrochemicals
to energy, building materials
and insurance
> 4,000professionals employed by
the holding company and its
subsidiaries
USD 1.1 bntotal assets
USD 401 mntotal equity book value
> 15 %average ROE in the
past 10 years
c. USD 256.1 mnpaid-in capital
c. USD 889 mncumulative net profit [2005-16]
Egypt Kuwait Holding | Investor Presentation 6
EKH AND ITS COMPANIES BENEFIT FROM A CLEAR STRATEGY AND INVESTMENT PHILOSOPHY
Hands-on investor and operator Develop greenfield operations to leverage
operational expertise
Secure strategic partnerships with
leading international value added
industry players
Long-term investor with opportunistic
exit strategy
Create synergies between different
group companies
Expand industry expertise to
new markets
Egypt Kuwait Holding | Investor Presentation 7
PRIMARY PORTFOLIO INVESTMENTS
AlexFert
(Ammonia, Urea Fertilizer and
Ammonium Sulfate Plant)
Sprea Misr
(Chemicals Plant)Effective Ownership
100.00%
Effective Ownership
37.8%
NatEnergy
(Gas Distribution Business Holding
Company)
Effective Ownership
100.00%
Effective Ownership
30.00%
Building Materials Industries
Company
(Cement Plant)Effective Ownership
38.03%
Delta Insurance
(Life and General Insurance
Company)Effective Ownership
32.03%
Global Infrastructure Fund
Management CompanyEffective Ownership
15.00%
Egyptian Company for Petroleum
Transport
(Shipping Company)
Fertilizers and Petrochemicals Segment
(58% of Group Profitability in 1Q17)
Energy and Energy-Related Segment
(19% of Group Profitability in 1Q17)
Diversified Segment
(23% of Group Profitability in 1Q17)
Egypt Kuwait Holding | Investor Presentation 8
OPERATIONAL HIGHLIGHTS OF THE 1Q17
1Q 2017 Margins
Gross Profit
Margin
Attributable
EBITDA
Margin
37% 35%
Q4 2016 Margins
Gross Profit
Margin
35% 38%
Revenues (USD mn)
80
105 103
4Q 2016 1Q 2016 1Q 2017
Gross Profit (USD mn)
28
38 38
4Q 2016 1Q 2016 1Q 2017
Attributable Net Income (USD mn) Attributable EBITDA (USD mn)
15
22 22
4Q 2016 1Q 2016 1Q 2017
19
2725
4Q 2016 1Q 2016 1Q 2017
Attributable
EBITDA
Margin
Egypt Kuwait Holding | Investor Presentation 9
OUR PORTFOLIO
Egypt Kuwait Holding | Investor Presentation 10
FERTILIZERS AND PETROCHEMICALS SEGMENT
Egypt Kuwait Holding | Investor Presentation 11
KEY FACTS & FIGURES
Products & Production Capacity:
• Formaldehyde and form-urea (production
capacity of 132tpa)
• Urea formaldehyde glues and melamine
formaldehyde resins (production capacity of
102tpa)
• Urea, melamine and phenolic molding
compounds (production capacity of 3.6tpa)
• Formica (high pressure laminate) (production
capacity of 2.7 mn sheets pa)
• SNF Sulphonated Naphthalene Formaldehyde
(production capacity of 88tpa)
Subsidiary: Plastichem
100% owned
Target markets: Arab Countries and Africa
Activities: Commercial production of
fertilizers and petrochemicals for domestic
and export sale, with more than 35% of
revenues coming from export sales
Over 85% market share in EgyptEKH acquired Sprea Misr and its subsidiary
Plastichem in 2007
Export markets include: 38 countries in
Africa, the Middle East, Europe, the US and
Latin America
630 employees
EKH Ownership: 100.0%
Current shareholders equity of c.USD 63 mn
Egypt Kuwait Holding | Investor Presentation 12
HIGHLIGHTS OF 1Q17
EGP 585mn total revenues
Up 124% Y-o-Y
EGP 210mn EBT
Up 181% Y-o-Y
EGP 210mn & 36% EBITDA Margin
Up 172% Y-o-Y
EGP 163mn Net Profit
Up 186% Y-o-Y
Egypt Kuwait Holding | Investor Presentation 13
SPREA 10 YEARS PROGRESION
Sales (EGP mn) Gross Profit (EGP mn)
Net Profit (EGP mn) (1)
302401
282353
418 430530
667727
1,124
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
88 104 94 102 102 101156 169
211
420
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
37 41 42 59 55 65
107 126 125
302
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
EBT (EGP mn)
45 43 48 67 62 74 122 125
170
391
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
1) 2015 Sprea tax holiday expiration.
Egypt Kuwait Holding | Investor Presentation 14
SPREA EXPANSIONS
Sprea witnessing an aggressive expansion plan to meet the growing demand in its products locally and in international markets
targeting to grow its export footprint that represent c.20% in FY16 to 60% by 2019
Land • 28,000m2 new plot of land adjacency to Sprea plant to meet future expansion is secured 1
Formica & HPL (high
pressure laminated)
• Adding 2 lines of Formica with total capacity of c.1.8 million sheets annually growing Sprea
Formica capacity to c.4.3 million sheets by 3Q 2017
• Formica expansion dedicated in full towards export markets
• HPL & Impregnation new line with total capacity of 720k sheets by 4Q 2017
2
Formurea• Adding 2 lines of Formurea Powder with total capacity of c.10.8 ktpa
• growing Sprea Formurea capacity to c.33.3 ktpa by 2Q 2017
3
SNF Mega Expansion
• Building on the success of SNF expansion Sprea considering to add 88ktpa SNF capacity by
2Q2018
• A new plot of land adjacency to Sprea plant to meet future expansion is secured
4
Formaldehyde• Growing Sprea current formaldehyde capacity that run at 90% utilization rate
• Formaldehyde capacity is essential for Sprea backward integration 5
Egypt Kuwait Holding | Investor Presentation 15
KEY FACTS & FIGURES
Products & Production Capacity: • Granular urea (maximum production
capacity up to 635,000 tons)• Residual ammonia (up to 396,000
tons pa)• Ammonium sulphate (c.165,000
tons pa)
Subsidiary:
International Petrochemicals Investments
Company (IPIC)
• Est 2012
• Invests in and acquires promising
companies in the fertilizer and
petrochemical industry
• Target markets: Egypt and abroad
Activities: Commercial production of
fertilizers for domestic and export sale
• EKH Ownership: 37.8% with
Management Control
• Remaining ownership: 34.9% other
shareholders of Bawabat Al Kuwait,
15% AbuQuir Fertilizer, and 12.3%
held by other shareholders
AlexFert is managed and controlled by
EK Holding as well as consolidated in
its financials
442 employees
Established in July 2003
Egypt Kuwait Holding | Investor Presentation 16
HIGHLIGHTS OF 1Q17
USD 50mn total revenues
Up 28% Y-o-Y
USD 13mn EBT
Up 85% Y-o-Y
USD 20mn & 41% EBITDA Margin
Up 54% Y-o-Y
• Operates at 119% utilization rate rates in 1Q 2017 vs. forecasted utilization of 80% according to EGAS plan.
• Gas pricing formula based to correlate the price of the natural gas to the price of the urea with a bottom price of $4.5 /MBTU based on
urea price $250/ton and every $1 dollar increase in the urea price the gas increase by ₵1 Cent
• The settlement between Bawabat El Kuwait and Egyptian Government have been approved & signed
USD1.8mn Att. Net Profit
Up 105% Y-o-Y
Egypt Kuwait Holding | Investor Presentation 17
ENERGY AND ENERGY-RELATED SEGMENT
Egypt Kuwait Holding | Investor Presentation 18
KEY FACTS & FIGURES
Established in 2010
Activities:
• Building and operating gas distribution
networks
• Transporting gas to large power stations
• Independent power producer with 1 of
the 2 available licenses to sell electricity
directly to 3rd parties
1400 employees
83.97% 77.99% 83.97% 91.99%
Over 15% market share in Egypt
1) As of August 12th ,2015 Natenergy acquired of an additional 18% stake in Natgas
2) As of April 01st,2016 Natenergy increased its stake in Natgas by 9% via Capital Increase
(1) & (2)
EKH Ownership: 100%
• c.1.2 million Household Clients
• c.6k Commercial Customers
• c.625 Industrial Customers
Egypt Kuwait Holding | Investor Presentation 19
NATENERGY CONCESSIONS
• Phase I Fayum City
• Phase II Fayum City
• Extension Phase II Fayum City
• Extension Phase II Fayum City
*
Egypt Kuwait Holding | Investor Presentation 20
NATENERGY HIGHLIGHTS OF 1Q17
EGP 234mn total revenues
Up 24% Y-o-Y EGP115mn EBT
Up 55% Y-o-Y
EGP72mn & 31%EBITDA Margin
Up14% Y-o-Y
EGP 1.23bn total Cash
Up 23% Y-o-YEGP92mn Net Profit
Up 53% Y-o-Y
EGP77mn Att. Net Profit
Up 71% Y-o-Y
Egypt Kuwait Holding | Investor Presentation 21
NATENERGY KEY DRIVERS - NATGAS HIGHLIGHTS OF 1Q17
EGP 151mn total revenues
Up 19%Y-o-YEGP 91mn EBT
Up 60% Y-o-Y
EGP 51mn & 30% EBITDA Margin
Up 19% Y-o-Y
• Connected 27,194 households in 1Q17 and 88
industrial and commercial users.
EGP 818mn total Cash
Up 14% Y-o-YEGP 74mn Net Profit
Up 60% Y-o-Y
EGP 62mn Att. Net Profit
Up 82% Y-o-Y
Egypt Kuwait Holding | Investor Presentation 22
DIVERSIFIED SEGMENT
Egypt Kuwait Holding | Investor Presentation 23
KEY FACTS & FIGURES
Located in Assiut
Activities: Produces various types of gray
cement, clinker and related products such as
cement bricks and ready-mix cement that
meet Egyptian and international standards
EKH ownership: c.38%
Other partners: South Valley (46%), Hayel
Said (10%), and others (6%)
Paid up capital of c.EGP 614 mnTotal production capacity of c.1.8 mn tons
per annum
The company is currently using mazot as the
main source of power and is studying
conversion to a dual system, mainly
utilizing coal as well as waste
Reached maximum production capacity at
end-2013
Greenfield cement producer founded in
2007
Egypt Kuwait Holding | Investor Presentation 24
KEY FACTS & FIGURES
Established in 1981 and
acquired by EKH in 1999+19 branches
Activities: Provides financial protection
through innovative insurance products and
services
EKH ownership: c.32% Paid up capital of c.EGP 22.5mnHolds c.5% share of the Egyptian insurance
market
+300 employees Publicly listed
Three Service Categories:
• Corporate Solutions Plans
• Individual Protection Plans
• Group Life Insurance Plans
Egypt Kuwait Holding | Investor Presentation 25
Al-Shorouk for Melamine and
Resins (Al-Sharif):
• Successful and well-established tableware manufacturer
• Founded in 1979 and acquired by EKH in 2007
• Benefitting from synergies with Sprea Misr (see slide 16)
• Strong consumer trust built on commitment to health and safety
• 2 production lines with a combined 75 presses and overall production capacity of 2,500 tons p.a.
• Plans to expand its production capacity to 3,000 tons p.a. with 5 new presses
• +500 employees
• ISO 9001:2008 and ISO 14001:2004 certified
• Supplies all of the hypermarkets in Cairo and distributes products across Alexandria and cities in Upper Egypt and the Delta
• Export activities focus primarily on the Middle East and Africa
Gas Chill
• Established by EKH in 2006
• Specializes in district cooling systems for industrial and commercial clients
• c.30 commercial clients in Egypt and a view to expanding regionally in the future
• Primarily caters to large facilities such as malls, factories and hospitals through build-own-operate (BOO), build-operate-transfer (BOT), or engineering, procurement and construction (EPC) agreements
• As a pioneer in cooling technology in Egypt, Gas Chill is also looking into alternative forms of energy to power its state-of-the-art cooling systems, including harnessing readily available solar and wind energy in Egypt
Bawabet al Kuwait Holding
Company:
• Founded in 2004 by EKH
• Is poised to become a major investor in the fertilizers and petrochemicals sector
• Holds ownership stakes in AlexFert, and other petrochemical companies in the Gulf Cooperation Council (GCC)
• EKH currently holds a 42% stake
Globe Technologies:
• Greenfield investment established in 2001 by EKH
• Focuses on providing technology systems geared towards facilitating business operations.
• Conducts in-house software research and development, and has partnerships with leading international firms such as Intergraph, Psion and TomTom
• GT is the sole and exclusive partner of Intergraph in Egypt, has agreements with CB&I and is the trusted partner for Egypt’s ports, as well as the main supplier for Enppi’s CCTV and Engineering Software (PPM)
KEY FACTS & FIGURES
Global Infrastructure Fund
Management Co:
• I Squared Capital announced the closure of the Fund in April 2015, with total commitments of USD 3 bn
• Marketing process was completed in 15 months with over 45 investors from North America (31%), Europe (27%), Australia (17%), the Middle East (15%), and Asia (10%)
• c.70% of the investors are pension funds, superannuation funds and sovereign wealth funds with insurance companies, asset managers and family offices representing the balance
• The Fund focuses on global infrastructure opportunities in diverse sectors of high-growth economies, maintaining a robust pipeline of investment opportunities in the U.S., Europe, China and India
• EKH has an effective ownership of 15%
Egypt Kuwait Holding | Investor Presentation 26
FUTURE EXPANSION
Egypt Kuwait Holding | Investor Presentation 27
FUTURE EXPANSIONS - MDF PROJECT
A Growing MDF Market Gap in the Egyptian Market…
• Represent the 2nd largest Engineered wood market of 45% following Plywood
representing 49%.
• Only one producer “Nagaa Hamady Co”.
• Huge market gap of 415k m3
• Market gap to reach 773k m3 in 2020f.
• Imports of 431,000 m3 FYE 2015.
• Demand is expected to grow at a 12% CAGR.
Year/’000 m3 Local
ProductionImports Exports Consumption
2015 53 431 16 468
2016f 56 488 18 526
2017f 59 553 20 591
2018f 62 626 23 665
2019f 65 708 26 747
2020f 68 802 29 841
High dependence on MDF Imports in the regional market…
570 316181
1,067
209.0 115.9
66.4
391.2
0
200
400
600
0
500
1000
1500
000 m3 Value in US$ Mn
Integration with Sprea Misr
• Main supplier of resin which represent 42% of MDF raw-material cost &
30% of COGS (≈ EGP 71 Million per annum).
• Currently imports around 75,000 m3 of MDF
• Own Impregnation line adding decorative melamine paper to the MDF
sheets & sell it to local market
3
1 2
Project rationale supported by the following…
Egypt Kuwait Holding | Investor Presentation 28
FUTURE EXPANSIONS - MDF PROJECT
Key Financial Highlights – Capacity of 1000 M3/Day
EGP mn 2019F 2020F 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Capacity 150,000 150,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000
Revenues 655.4 746.7 1,217.2 1,640.6 1,758.4 1,797.6 1,837.8 1,879.0 1,921.3 1,964.7
EBITDA 321.8 352.2 545.8 721.8 744.7 728.4 709.6 688.2 663.9 636.5
EBITDA Margin
- %49.1% 47.2% 44.8% 44.0% 42.4% 40.5% 38.6% 36.6% 34.6% 32.4%
Net Profit 123.3 153.9 268.7 381.8 418.1 423.9 427.8 429.7 420.7 406.3
NPM - % 18.8% 20.6% 22.1% 23.3% 23.8% 23.6% 23.3% 22.9% 21.9% 20.7%
Total Investment Cost EGP 2 Bn
MDF Production Plant EGP 1.6 Bn
Agriculture EGP 0.4 Bn
MDF Production
Plant PlanInvestment Cost Operation Year
Line 1 EGP 0.9 Bn January 2019
After 1.5 years from operations , July 2020, will start constructing
new line to increase the total capacity to 1000 M3/Day
Line 2 EGP 0.7 Bn July 2021
* Tax exempted till Year 6 - 2024
Egypt Kuwait Holding | Investor Presentation 29
FINANCIAL HIGHLIGHTS
Egypt Kuwait Holding | Investor Presentation 30
EKH’S FINANCIALS ARE SOLID
Total Assets (USD Mn) (1) Total Equity Book Value (USD Mn) (1)
Total Attributable Net Profit (USD Mn) (1)
438 518 528
974
1,679 1,6731,858 1,750
2,2882,076
1,603 1,528
1,012
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
175219
275
531 569651
869764 740 724
562 522
401
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
1) FY 2014 restated financials to account for asset impairments related to the company’s oil operations.
Return on Average Equity (ROAE) (1)
29
55 56
104120
131145 150
83
42
-95
36
63
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
18%
28%
23%
26%
22% 22%19% 18%
11%
6%
-17%
7%
15%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Average 15.1%
Egypt Kuwait Holding | Investor Presentation 31
EBITDA & DEBT OVERVIEW
(In ‘000 USD) 1Q 2017
Long-term interest-bearing debt 102,884
Short-term interest-bearing debt 81,787
Gross interest-bearing debt 184,671
Cash & quasi cash (515,744)
Consolidated Net debt (cash) (331,073)
Attributable Net debt (cash) (207,302)
Net Debt (Cash)
Segmented EBITDA (In ‘000 USD) 1Q 2017 4Q 2016
Fertilizers and Petrochemicals 18,958 11,301
Energy & Energy Related 3,488 2,886
Diversified 2,083 5,516
Attributable EBITDA 24,529 19,704
Attributable EBITDA
Egypt Kuwait Holding | Investor Presentation 32
APPENDIX 1: ORGANIZATION & GOVERNANCE
Egypt Kuwait Holding | Investor Presentation 33
BOARD OF DIRECTORS
Mr. Moataz Al-Alfi
Chairman of the Board
and Chief Executive
Officer
Mr. Loay Jassim Al-
Kharafi
Vice Chairman of the
Board
Mr. Sherif El Zayat
CEOMr. Saad Al-Saad
Member of the Board
Mr. Abdel Mohsen Al-
Fares
Member of the Board
Mr. Marzouk Al-
Ghanim
Member of the Board
Mr. Assad Al-Banwan
Member of the Board
Mr. Hussein Al-
Kharafi
Member of the Board
Mr. Ayman Laz
Member of the Board
Sheikh Mubarak
Abdulla Al-Mubarak
Al-Sabah
Member of the Board
Sheikh Fahd Hamed
Abdulah El Sabah
Member of the Board
Eng. Amin Abaza
Member of the Board
Mr. Talal Jassim Al-
Khrafi
Member of the Board
Mr. Husam Mohamed
El-Sayed
Member of the Board
Eng. Ismail Osman
Member of the Board
Mr. Mohamed Kamel
Member of the Board
Marzouk Al Kharafi
Member of the Board
Mr. Hussam Al
Kharafi
Member of the Board
Mr. Waleed El Zorba
Member of the Board
Egypt Kuwait Holding | Investor Presentation 34
MANAGEMENT TEAM
Mr. Moataz Al-Alfi
Chairman of the Board
and Chief Executive
Officer
Mr. Sherif El Zayat
CEO
Mr. Ayman Laz
Advisor to the Chairman
and CEO
Mrs. Sahar Farahat
Senior Executive Vice
President
Mr. Medhat Bonna
Group Chief Financial
Officer
Mr. Khaled El-
Demerdash
Group Legal Counsel
Mr. Tamer Badrawi
Chief Human Resources
& Communication
Officer
Mr. Hany Azzam
Head of Corporate
Governance
Mr. Mr. Mahmoud
Moharram
General Counsel
International
Mr. Hany Ezzat
Group Treasurer
Mr. Sayed Hussein
Sector Head — Cement
Mr. Alaa El Banna
Vice President —
Special Projects
Mr. Elhamy El Sheikh
Sector Head — Gas
Mr. Omar Foda
Director – Investments
Mr. Haitham Abdel
Moneim
Senior Investor
Relations Manager
Egypt Kuwait Holding | Investor Presentation 35
KEY MILESTONES
1997
Establishment of
Egypt Kuwait
Holding (EKH)
1998
Establishment of
NatGas (gas distribution
company, with current partners
including Royal Dutch Shell and
GAIL India)
1999
• NatGas commences
operations
• Initial acquisition of a
significant stake in
Delta Insurance (an
Egyptian insurance
company)
2002
Acquisition of majority stake in
Egyptian Glass Company (EGC)
(at the time the largest glass
manufacturer in North Africa)
through a joint venture with
Guardian Industries
2003
• Establishment of AlexFert (nitrogen fertilizer plant)
• Acquisition of 11.75% in Egyptian Ferilizer Company (EFC)
(nitrogen fertilizer plant)
• Acquisition of a minority stake in Fayum Gas (gas
distribution company)
• Establishment of Nubaria Gas (gas distribution company)
• Establishment of Kahraba (provides electrical and
thermal energy solutions)
2004
Acquisition of an
additional stake in
Delta Insurance
2005
Participated in the bidding
process to acquire 100% of
EFC, which ultimately led to
the divestiture of the stake
2006
• AlexFert commences operations
• Establishment of Egyptian Tanker Company
(ETC) (crude marine transport services)
• Establishment of Gas Chill Company (provides
cooling/heating systems)
2007
• Capital increase by means of a c.USD 100 million rights issuance
• Acquisition of Sprea and Plastichem (chemicals company)
• Establishment of Building Materials Industries Company (BMIC)
(cement production company)
• Acquisition of a controlling stake in Fayum Gas through a joint
venture with GAIL India
2008
• Establishment of Nile Takaful and Nile Family Takaful
(an Egyptian insurance company) as a joint venture
with Tokyo Marine
2009
• Divestiture of EGC to
Guardian Industries
2011
• Investment in
Egyptian
Hydrocarbon
Corporation
(EHC) (mining
grade ammonium
nitrate Plant)
2012
• BMIC begins
operations
2013
• Divestiture of Nile Takaful to
Tokyo Marine
• Investment in a global
infrastructure fund management
company
2014
• Completion of a
capital increase by
means of a c.USD
110 mn rights
issuance
2016
• Sprea comments production of
Sulfonated Naphthalene
Formaldehyde (SNF) with design
capacity of 66,000 tpa.
• Acquiring additional 9% of Natgas
raising EKH ownership to 84%
2015
• Acquiring 18% of
Natgas raising EKH
ownership to 57%
Egypt Kuwait Holding | Investor Presentation 36
CORPORATE CITIZENSHIP
Corporate Governance
Egypt Kuwait Holding (EKH) is committed to promoting a responsible, ethical business culture which safeguards the interests of our
shareholders, stakeholders, and the environment in which we operate. EKH assesses its policies and performance with respect to its Business
Principles; Code of Conduct; Health, Safety, Security and Environment (HSSE) policies; and major issues of public concern on behalf of the
Board. Our corporate governance policies and practices are guided by internationally recognized standards such as the OECD Principles of
Corporate Governance.
Corporate Social Responsibility (CSR) Projects
From its support of NGOs through applications and donations, to its involvement in spreading software knowledge to Egyptian universities,
Egypt Kuwait Holding is proud to have participated in numerous educational initiatives since 2014. EKH offers assistance to surrounding
schools, supplying them with computers to further develop students’ cognitive and technical skills and providing support for renovating the
infrastructure of the educational institutions.
EKH is an active supporter of Injaz Egypt, an organization working to bridge the gap between the education system and the private sector.
In partnership with the Ministry of Education and multinational and national companies, the program has positively impacted 500,000
Egyptian students in more than 451 public schools and 21 universities in 26 governorates since its establishment in 2003. Injaz Egypt is a
member nation of Junior Achievement, a global economic education organization with a presence in over 100 countries, impacting over 8
million youth worldwide
Egypt Kuwait Holding (EKH) prides itself on actively participating in sustainable development, focusing on improving communities in the
emerging economies in which it does business and working diligently to create a better future for coming generations. From educational
initiatives and contributions to NGOs and charities, to stringent measures aimed at minimizing its environmental footprint, EKH remains
deeply committed to ensuring a sustainable future.
Egypt Kuwait Holding | Investor Presentation 37
Haitham Abdel Moneim
Senior Investor Relations Manager
Telephone : +202-3363300
Fax : +202-3358989
E-mail : [email protected]
Website : www.ekholding.com