Leading Transformation ... ABC, HSBC and Banque Du Caire • Beltone Asset Management launches...

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Transcript of Leading Transformation ... ABC, HSBC and Banque Du Caire • Beltone Asset Management launches...

  • Beltone Financial

    CREDENTIALS August 2011

    Leading Transformation

  • Our Vision

    Enriching individual, corporate and community wealth by engaging in transformational relationships

    CULTURE SYNERGY

    TRANSFORMATION

    Beltone

    Clients

    Community

    2

  • Beltone is a catalyst in the MENA region, innovatively leveraging synergies to benefit stakeholders

    Our Mission

    INNOVATION

    Beltone

    Clients

    Community

    3

  • Beltone’s culture is the source of empowerment that drives transformation in our clients and the financial community we serve

    Our Values

    Community

    CULTURE

    Beltone

    Clients Community

    4

  • • To provide clients with the very best service at every level of Beltone’s operations

    • To continue to create

    • To provide clients with seamless execution

    Our Pledge

    5

  • Our Office Locations

    Beltone offices

    • Cairo • Dubai • New York • Doha

    • Tripoli • Benghazi • London*

    * Under establishment

    With our network of offices we link clients from every corner of the world to every market in MENA

    6

  • Our Company

    Beltone Investment Banking

    HQ Cairo

    Beltone Asset Management

    HQ Cairo

    Beltone Fixed Income

    HQ Cairo

    Beltone Private Equity*

    HQ Cairo

    Beltone Securities Brokerage

    HQ Cairo

    Beltone Securities Holding

    HQ Cairo

    Beltone Fund Administration

    Company HQ Cairo

    Beltone Financial Emirates

    Dubai

    Beltone Financial Qatar

    Doha

    Beltone Financial Libya

    Tripoli Benghazi

    Beltone Enclave USA

    New York

    BELTONE FINANCIAL HOLDING

    * Affiliate of Beltone Financial Holding

    7

  • Our Business

    ASSET MANAGEMENT

    • Fastest growing AUM in Egypt

    21.7bn E£ under management

    More than

    INVESTMENT BANKING

    • Unique MENA focus for advisory and capital raising

    55bn E£ in transactions

    More than

    BROKERAGE

    • Multiple MENA markets access • MiFID compliant institutional offering

    Rank #2 In trading Q1 2011

    In Egypt

    PRIVATE EQUITY

    • Invests in attractive industries with capable management characterized by a sustainable competitive advantage

    2.1bn E£ in asset value

    More than

    RESEARCH

    • Expert regional knowledge • Expanding coverage of companies and key

    industry sectors across MENA

    Over 58 companies

    Research covering

    8

  • Growth | Milestones and Achievements

    2002 Vision

    • Brought together financial professionals in Egypt and Saudi Arabia who believe in a culture of ownership

    2003 - 2004 Innovation

    • Introduced first Money Market accounts, Corporate Pension plan

    • Assets Under Management exceeded E£ 1.5 billion

    • Investment Banking completes first transaction

    • Beltone Research established

    • Brokerage moved to Beltone HQ

    • Banking licence approved in KSA

    • Research expands through MENA

    • Private Equity capitalized with E£ 1.5 billion for investment in promising synergies

    • Assets Under Management reached E£ 8 billion

    • Beltone acquired 40% of Trust Group for Securities in Egypt

    2005 Consolidation

    2007 Stature

    • Beltone Asset Management launches its MENA Fund

    • Office opened in New York promoting MENA investment

    • Assets under Management exceeds E£ 27 billion

    • Investment Banking executes 23rd transaction

    • Assets under Management exceeds E£ 14 billion

    • Custody office approved by CMA

    • Research expanded to cover 30 companies

    2006 Growth

    Investment banking growth 2004 to date E£ million

    2004 400

    8002005

    2,6002006

    4,0002007

    20,8002008

    23,8972009

    2008 Maturity

    • Beltone acquires Obelisk brokerage

    • Beltone Asset Management launches another equity fund sponsored by Suez Canal Bank

    • Beltone Brokerage ranks no.1 in Egypt for the first half of 2008

    • Beltone Private Equity setup US$150 million Midcap fund

    • Office opened in Qatar

    • Office opened in Libya

    2009 Expansion

    • Beltone Asset Management launches Money Market Fund with ABC, HSBC and Banque Du Caire

    • Beltone Asset Management launches Periodical return fund with Misr El Kheir

    • Beltone Brokerage ranks no.1 in Egypt for 2009

    2010 • Beltone Asset Management launches

    Money Market Fund with Arab Bank

    • Beltone Asset Management launches “Insight Fund”, a technically driven Egypt Equity Fund

    • Beltone Asset Management launches a balanced fund with NSGB

    Beltone Employees 2003 to date

    2007 185

    2008 292

    2009

    2010

    293

    310

    2006 145

    2005 75

    2004 46

    2003 3

    AUM 2003 to date E£ million

    8,0002005

    14,4002006

    21,1002008

    26,100

    22,722

    2009

    2010

    27,7002007

    1,5002004

    2003 300

    3,1302010 2011 29121,6742011

    9

  • Investment Banking

    • Unparalleled MENA market expertise

    • Financial advisory and capital-raising services

    • Scrupulous state-of-the-art investment banking practices

    • Expertise advising and supporting family groups in strategic transformation

    • Assisting clients on cross-border initiatives: International players seeking opportunities in MENA or MENA-based companies looking for international expansion or funding

    Investment Banking growth 2004 - 2010 Transaction volumes in E£ billion

    E£ 55.5 billion in 42 transactions closed over the past six years

    M&A transactions

    • Mergers

    • Acquisitions

    • Divestitures

    • Corporate restructuring

    • Leveraged buyouts

    Capital and debt-raising transactions

    • Initial Public Offerings

    • Private placements

    • Debt-structuring

    2004 0.4

    0.82005

    2.62006

    4.02007

    20.8

    23.9

    3.1

    2008

    2009

    2010

    10

  • Investment Banking | Landmark Transactions

    Initial Public Offering of Amer Group

    The global offering of Amer Group, a leading real estate developer in Egypt. Beltone, as the Sole Global Coordinator and Bookrunner, advised the business on a complete corporate and organizational restructuring culminating in raising USD 200 million in expansion capital and secondary share sales. Beltone succeeded in attracting significant western institutional demand for the offering, demonstrating strong placement capabilities with international investors.

    1,150m E£ Initial Public Offering

    EAgrium merger with MOPCOOrascom Development Holding AG

    4.1bn EGP Merger

    16.7bn E£ Acquisition

    Beltone acted as the sole financial advisor to EAgrium in its USD 2.5 billion merger with Misr Oil Processing Company (MOPCO). Throughout the process, Beltone served numerous advisory roles. Beltone carried out a relative valuation for both entities, advised EAgrium throughout the negotiations with MOPCO with respect to the valuation and deal structure, and finally executed the transaction in a timely manner. Beltone also advised the merged entity on a USD 120 million bridge debt-financing

    E£ 16.7 bn tender offer by Orascom Development Holding AG resulting in 98% acquisition of Orascom Hotels & Development via a share swap with a cash option. Beltone acted as the sole financial advisor for the company in the tender offer in the largest tender offer in Egypt with around 98% of shareholder opting for the swap thus reducing the financing burden on the company

    ENPC

    5.8bn E£ Project Financing

    Beltone jointly advised ENPC, a fully owned entity by Misr Fertilizer Production Company, on the project finance syndicated facility of USD 1.1 billion for the construction and operation of 2 urea/ammonia production trains. It is considered to be the largest transaction to be fully underwritten by local Egyptian banks. Signing of the loan agreement and drawdown occurred in Dec.09

    11

  • Investment Banking | Landmark Transactions

    National Drilling Company

    403m E£ Share sale

    E£ 403 million sale of National Drilling Company, an Egyptian drilling company with operations in Libya, to Al Safat Investment. Beltone represented the selling shareholders in divesting 60% of the business

    Amwal Arabia and Arabia Cotton & Ginning Company

    734m E£ share swap

    E£ 734 million share swap between Amwal Arabia and Arabia Cotton & Ginning Company. Beltone engineered a complex capital market