INVESTOR PRESENTATION - FY 2021 - Amazon S3

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INVESTOR PRESENTATION - FY 2021 - Amazon S3
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INVESTOR PRESENTATION
FY 2021

                        W W W . E L S E W E D Y E L E C T R I C . C O M
 elsewedyelectric.com                              @elsewedyelectric
INVESTOR PRESENTATION - FY 2021 - Amazon S3
Disclaimer                                                                                             2

Certain information contained in this document consists of forward-looking
statements reflecting the current view of the Company with respect to future
events and are subject to certain risks, uncertainties and assumptions. Many
factors could cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance, or
achievements that may be expressed or implied by such forward-looking
statements, including worldwide economic trends, the economic and political
climate of Egypt and the Middle East and changes in business strategy and
various other factors. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in such forward-looking statements.
Recipients of this document are cautioned not to place any reliance on these
forward-looking statements. The Company undertakes no obligation to republish
revised forward-looking statements to reflect changed events or circumstances.

                                                                                 W W W . E L S E W E D Y E L E C T R I C . C O M
INVESTOR PRESENTATION - FY 2021 - Amazon S3
3

AGENDA
I.    An Integrated Energy Solutions Global Provider
II.   Investment Highlights
      •   Full-Service Integration
      •   Long Track Record
      •   Strong Geographical Presence
      •   State-of-the-art Facilities
      •   Experienced Leadership
      •   Prestigious Client Base
III. Business Line Review
IV. Recent Financial Performance
V.    Corporate Social Responsibility

                                                       W W W . E L S E W E D Y E L E C T R I C . C O M
INVESTOR PRESENTATION - FY 2021 - Amazon S3
An Integrated Energy Solutions Global Provider                                                                                      4

Power...Build…Develop Sustainable Value..
Elsewedy Electric is an energy player structured to face the challenges of the
world’s fastest growing markets and the complexity of the critical electricity
industry. From its start, deep product and sector specialization and unprecedented   • The Elsewedy family began what is today Elsewedy Electric in 1938
insight into local markets set the ground work for first mover advantage into new      as an electrical equipment trading company.
markets and sectors.
                                                                                     • In 1960, after developing deep market understanding and local
                                                                                       presence, the company became Egypt’s first specialized cables
                                                                                       distributor.
                           Our Core Values & Beliefs
                                                                                     • In 1984, Arab Cables – as the company was then called – built the
                                                                                       country’s first private sector cables factory. The event marked the
                                                                                       beginning of Elsewedy Electric’s corporate identity.
                                                                    Ownership,
                                                    Customer       Commitment
   Integrity       Innovation      Excellence
                                                   Satisfaction          &
                                                                   Collaboration

         Vision
         To become a global leader in delivering energy, services and value

         Purpose
         provided with exceptional expertise and service to our customers and
         communities safely and efficiently.

                                                                                                                  W W W . E L S E W E D Y E L E C T R I C . C O M
INVESTOR PRESENTATION - FY 2021 - Amazon S3
Full-Service Integration                                                                                                   5

Elsewedy Electric is a fully integrated energy solutions provider: From raw materials such as metals and plastics to inputs across the
   spectrum of wires, cables and electrical products, to contracting and turnkey infrastructure projects and electricity generation.

                    Elsewedy Electric provides integrated solutions through five divisions.

            Industry                   EPC                  Technology               Investment                 Development

                                                                                                  W W W . E L S E W E D Y E L E C T R I C . C O M
INVESTOR PRESENTATION - FY 2021 - Amazon S3
Summary of Main Financial & Performance Indicators                                                                                                 6

                           Total Revenue                                         Revenue by Segment – FY 2021

 (EGP bn)
                                                                                                                                                   EGP   60,541 mn
                                                                                         1%                                                              FY Revenues
                                                                                      3%
                                                                                        1%                                                               ▲ 30.5% y-o-y
                                                                                    4%                            Wires & Cables

                                                           60.5
                                                                                                                  Turnkey

                                                                                                                  Meters
                                                                                                                                                    EGP    3,534 mn
                                          46.6      46.4                                                  49%                                             FY Income
            42.9            42.5                                                                                  Transformers
                                                                              42%                                                                        ▲ 16.7% y-o-y
                                                                                                                  Electrical Products
24.6
                                                                                                                  Renewables - IPP

2016        2017            2018          2019      2020   2021
                                                                                                                                                       >15,000
                                                                                                                                                        No. of Employees

                              EBITDA                                                           Net Income

                          EBITDA          EBITDA Margin                       Net Income after Minority         Net Income Margin
                                                                                                                                                              38
                                                                                                                                                       Years of Operation
(EGP bn)                                                          (EGP bn)
                                                                       15%
  18%
                                                                                    12%
  7.8
                   14%

                   6.1
                                   14%
                                    6.4
                                                  11%
                                                           10%
                                                            6.3
                                                                        6.4

                                                                                     5.0
                                                                                                     9%                                                       28
                                                                                                                                                       Production Facilities
                                                   5.3                                                           7%              6%
                                                                                                     4.0
                                                                                                                                 3.5
                                                                                                                 3.0

                                                                                                                                                            110
                                                                                                                                                         Export Countries
  2017             2018            2019           2020     2021        2017          2018            2019       2020             2021

                                                                                                                                    W W W . E L S E W E D Y E L E C T R I C . C O M
INVESTOR PRESENTATION - FY 2021 - Amazon S3
Investment Highlights
INVESTOR PRESENTATION - FY 2021 - Amazon S3
Fully Integrated Energy Solutions Provider                                                                                8

           Elsewedy Electric’s integrated energy solutions provide a full range of offerings to produce, distribute, manage and
                                                        safely use electrical power

                                      Integration across the value chain supports

      Fast track                                                                                    Ability to offer             Cross-Selling
                          Quality guarantees        Cost leadership        Brand advantages
     capabilities                                                                                 turnkey solutions              Opportunities

         Industry                       EPC                      Technology                   Investment                     Development

• Wires and Cables           • Power Generation           • Smart Energy              • Independent Power Plants       • Industrial
• Transformers               • Electricity Transmission     Management                • Utilities Development          • Logistical
• Electrical Products          and Distribution           • Data Centres
                             • Renewable Energy (Solar,
                               Wind, Hydro)
                             • Water Treatment &
                               Desalination
                             • Oil and Gas
                             • Transportation

                                                                                                      W W W . E L S E W E D Y E L E C T R I C . C O M
Long Track Record (1/3)                                                                                                                                                                         9

      The Elsewedy Electric name has existed in the market since 1938 as a distributer of electrical equipment, becoming Egypt’s first specialized cables distributor by
     1960 and Egypt’s first private manufacturer of cables with the establishment of a production plant in 1984. Over the next 30+ years, Elsewedy Electric would expand
        both organically and inorganically through the establishment of plants and the acquisition of companies across the value chain both domestically and abroad.

1938               1984                  1996                 1997                      1998                   2002                   2003                 2004                    2005                   2006

  STARTING         ARAB CABLES           EGYTECH              UNITED                    UNITED METALS          GIAD ELSEWEDY          SUDANESE             ITALSMEA                ELSEWEDY
                                                                                                               CABLES                 EGYPTIAN             ELSEWEDY                CABLES SYRIA
                                                                                                                                                                                                            LISTED IN
                   Egypt’s 1st Special   Power Cables.        INDUSTRY                  Copper rods
  El Sewedy’s
  family started
                   Cables                                     Special cables,           manufacturer.          Sudan’s first cables   ELECTRICAL           Specialized explosion   Cables production        EGX
                   Production Plant.                          Fiberglass poles,                                plant.                 INDUSTRY             proof equipment         facility in Syria to     ELSEWEDY
  as a trader in                         SEDPLAST
  electrical                                                  Enameled copper wire.     ELSEWEDY                                      Oil Transformers     producer for Oil &      serve the Levant         ELECTRIC
                                         PVC Compounds.                                                                                                    Gas.                    markets.
  equipment's                                                                           SEDCO                  ELSEWEDY               manufacturer in                                                       GHANA
                                                              ELASTIMOLD                Cable joints and       CABLES BRAND           Sudan, extends                                                        Road Lighting
                                                                                        terminations pioneer                          Sudan presence                                                        poles facility in
                                                              Fully integrated cables                                                 beyond cables.
                                                                                        in Egypt.                                                                                                           Ghana.
                                                              accessories plant.
                                                                                        .

2021               2019                  2018                 2017                      2014                   2011                   2010                 2009                    2008                   2007

ACQUISITION PT     ELSEWEDY              STA 2 (PIP)          SLP - ELSEWEDY            ELSEWEDY               ELSEWEDY               RENAMED              CABLES KSA,             ALGERIA,               ELSEWEDY
CG POWER           TECHNOLOGY                                 LOGISTICS                 ELECTRIC PSP           TECHNICAL              ELSEWEDY             ETHIOPIA,               ZAMBIA, ECMEI,         ELECTRIC SYRIA
SYSTEMS            ELSEWEDY                                   PROPERTIES                                       ACADEMY (STA)          ELECTRIC             YEMEN, DRY              ISKRAEMECO -           Fully Integrated
Indonesia          UTILITIES RF                                                                                                       SIAG ELSEWEDY        TRANSFORMERS            M. TORRES              service.
                   ENERGY                                                                                                             TOWERS (SET)         EGYPT
ACQUISITION        ACQUISITION                                                                                                                                                                            UNITED WIRES
                                                                                                                                      DOHA CABLES
VALIDUS            REACHED                                                                                                                                                                                Production facility.
                                                                                                                                      ELSEWEDY
ENGINEERING        COMMERCIAL
Pakistan
                                                          +80 YEARS OF SUCCESS                                                        ELECTRIC
                   OPERATION AT                           Starting from 1938                                                          NIGERIA                                                             ELSEWEDY
                   BENBAN SOLAR
                                                                                                                                      3W NETWORKS                                                         ELECTRIC T&D
                   PV POWER
                   PLANTS                                 TOTAL Revenues 2021 USD 3.8B
                                                          In EGP 60.5 Billion I In EUR 3.3 Billion                                    ROWAD RME                                                           ELSEWEDY
                                                                                                                                      Acquisition of 51%                                                  ELECTRIC
                                                                                                                                                                                                          POWER

                                                                                                                                                             W W W . E L S E W E D Y E L E C T R I C . C O M
Long Track Record (2/3)                                                                                                                                     10

         Elsewedy Electric has developed a strong track record in the execution of fast-track projects across Africa. The Group has
         repeatedly demonstrated its ability to secure high profile contracts both domestically and regionally with local governments

                                                                              Recent Notable Projects

                       Beni Suef Combined Cycle Power Plant                                                     Al Layyah Combined Cycle Power Plant, UAE

        LARGEST POWER PLANT
                                                                                                      FIRST EPC PLUS FINANCE PROJECT
        BUILT IN ONE-PHASE WORLD-WIDE

Beni Suef 4,800 MW (Fast-track) Combined Cycle Power Plant                                    Al Layyah (Sharjah) 1,026 MW Combined Cycle Power Plant
Owner          The Egyptian Electricity Holding Company EEHC, Egypt                           Owner          Sharjah Electricity & Water Authority Sewa, UAE

Value          EUR 2.1 bn                                                                     Value          USD 558 mn

Capacity       4.8 MW                                                                         Capacity       1.0 MW

Location       Egypt                                                                          Location       UAE

               Engineering, procurement, construction, testing, commissioning, start-up and                  Engineering, procurement, construction, testing, commissioning, start-up and
               civil works for 4 x 1,200 MW Power Blocks, WCT, Combined Cycle Power Plant.                   civil works for 1,026 MW Power Block, Once-through Cooling, Combined Cycle
Scope                                                                                         Scope
               Nos. 8 Siemens SCCP5-8000H in 4 x (2+2+1) Combined Cycle. Power to grid                       Power Plant. Nos. 2 Mitsubishi Power M701F in 2+2+1 Combined Cycle , with
               (2,400mw) in 11-months, completion (4,800mw) in 27.5 months                                   400kV AIS substation.

                                                                                                                                       W W W . E L S E W E D Y E L E C T R I C . C O M
Long Track Record (3/3)                                                                                                                                    11

        Julius Nyerere Hydropower Project                                     New Babil Substation                                         Egyptian Highway ITS

         LAYING FOUNDATION STONE, 26
                                                                                                                                      DURATION 18 MONTHS
         JULY 2019

Julius Nyerere 2,115 MW HPP RCC-Dam                          New Babil 400/132 KV Substation                               Intelligent Transportation System 7 Main
Hydropower Project                                                                                                         High Roads

         The Tanzania Electric Supply Company ،Tanesco,
Owner                                                        Owner     Iraq Ministry of Electricity                        Value        USD 90 mn
         Tanzania

Value    USD 2.9 bn                                          Value     EUR 94 mn                                           Coverage     1,187 km

Capacity 2.1 MW                                              Capacity 400/132 KV Substation                                Location     Egypt

Location Tanzania                                            Location Iraq
                                                                                                                                        ITS for highways in Egypt includes Traffic
                                                                                                                                        Management System (TMS) and Toll Collection
         Engineering, procurement and construction (“EPC”)                                                                              System (TCS), in addition to the main control
                                                                       A Joint Venture of Elsewedy Electric and Toyota
         of Rufiji Hydropower Project at Stiegler’s Gorge                                                                  Scope        rooms in the New Administrative Capital, owned
                                                                       Tsusho Corporation has recently been awarded the
         along the Rufiji River in United Republic of                                                                                   and operated by Administrative Capital For Urban
                                                                       contract of ‘New Babil 400 KV Substation’.
Scope    Tanzania. 134m RCC-dam, 34 billion m3 reservoir,    Scope                                                                      Development (ACUD). The project will cover six
                                                                       Elsewedy Electric scope of works covers the
         3-power tunnels, a powerhouse incl. 9 x 235 MW                                                                                 important highways extending over 1,187 km in
                                                                       design, manufacturing, procurement and
         Vertical Francis Hydro-Turbines and a 400kV                                                                                    total length.
                                                                       construction of the 400 KV substation, EPC basis.
         substation

                                                                                                                                   W W W . E L S E W E D Y E L E C T R I C . C O M
Business Line Review
Strong Geographical Presence & Deep Market Insight                                               13

AFRICA
               21
               FACTORIES IN AFRICA

 ASIA
               5
               FACTORIES IN ASIA

EUROPE
               2
               FACTORY IN EUROPE
   TOTAL OF

               28
               PRODUCTION
               FACILITIES

              48
              INTERNATIONAL OFFICES

                                                               CABLES &        RENEWABLE             PROJECTS &
                                                               ACCESSORIES     ENERGY                DEVELOPMENT

              110                                              TRANSFORMERS    METERS               EXPORT
              EXPORT MARKETS

                                                                               W W W . E L S E W E D Y E L E C T R I C . C O M
State-of-the-art Facilities Utilizing Advanced Technology                                                                                     14

Advanced technology acquisition and
development places Elsewedy Electric at
the forefront of world electricity trends,
positioning the group to supply the most cost
effective, clean technology to regional
developing nations. Group-wide sharing of
the most advanced production technology
extends significant efficiency gains across
the group's activities, while effective brand
development boosts the group’s profile as a
leading energy player.
                                                          Wires and Cables
                                                                                             Meters                                       Transformers
                                                          (Total Capacity)
                                                EGYPT (54%)                         SLOVENIA                                      EGYPT
              Certifications                    Cables Capacity: 149,657 tons       Electrometers Capacity: 5.4 mn meters         Transformers Capacity: 11,400 MVA
                                                Copper Rod Capacity: 121,000 tons
                                                PVC Capacity: 132,000 tons          EGYPT
                                                SAUDI ARABIA (12%)                  Electrometers Capacity: 4.7 mn meters         ZAMBIA
                                                Cables Capacity: 32,448 tons                                                      Transformers Capacity: 260 MVA
                                                QATAR (17%)
                                                Cables Capacity: 48,027 tons
                                                                                                                                  PAKISTAN
                                                                                                                                  Transformers Capacity: 5,500 MVA
                                                ALGERIA (12%)
                                                Cables Capacity: 33,600 tons
                                                                                                                                  ALGERIA
                                                ETHIOPIA (2%)                                                                     Transformers Capacity: 2,880 MVA
                                                Cables Capacity: 5,400 tons
                                                                                                                                  INDONESIA
                                                TANZANIA (2%)                                                                     Transformers Capacity: 10,000 MVA
                                                Cables Capacity: 5,775 tons

                                                                                                                        W W W . E L S E W E D Y E L E C T R I C . C O M
Experienced & Dynamic Leadership                                                                                                               15

                                                                                               Management Pillars of Success
Elsewedy Electric’s management structure facilitates quick
decision-making and the careful monitoring of developments
around the world. The Group ensures that the highest level of
management remains in touch with its core activities
                                                                             Efficiency                       Innovation                    Quality
                                                                             Elsewedy Electric has a          As a global energy            As a global energy
                        The Board of Directors                               track record of completing       solutions leader we realize   solutions leader we realize
                                                                             critical national and            the need of innovation        the need of innovation
                                                                             international projects that      within the renewable          within the renewable
 Mr. Sadek Ahmed Sadek Elsewedy                 Non-Executive Chairman
                                                                             require a return to service      energy sector. We work        energy sector. We work
                                                                             within an extremely tight        hard to develop alternative   hard to develop alternative
 Mr. Ahmed Ahmed Sadek Elsewedy                 Managing Director            schedule.                        energy solutions for future   energy solutions for future
                                                                                                              generations.                  generations.
 Mr. Mohamed Ahmed Sadek Elsewedy               Board Member

 Mr. Amr Mohamed Ahmed Labib                    Board Member

 Mr. Abdul Rahman Ahmed Ahmed Sadek El-Sewedy   Board Member

 Mr. Ahmed Sadek Ahmed El-Sewedy                Board Member
                                                                             Customer-Driven                  Safety                        Skill Development
                                                                             We strive to anticipate          We boast a track record of    Elsewedy Electric ensures
 Mr. Ahmed Saad El Din Abdo Abu Hendia          Independent Board Member     customer needs during new        positive contributions in     hiring employees of the
                                                                             product development; we          manufacturing safe            highest caliber while
 Ms. Shahinaz Nabil Amin Fouda                  Non-Executive Board Member   are in constant contact with     products. We ensure           constantly investing in skill
                                                                             clients, seeking their input     consistent safety and         enhancement and
                                                                             to further tailor our products   quality through strong        development.
 Mr. Sherif Samy Ebada Youssef                  Non-Executive Board Member
                                                                             to their needs.                  governance and
                                                                                                              compliance to applicable
 Ms. Azza Ahmed Sadek El-Sewedy                 Non-Executive Board Member                                    regulations and standards.

                                                                                                                    W W W . E L S E W E D Y E L E C T R I C . C O M
Prestigious Client Base                                                                                                                16

Elsewedy Electric boasts an impressive list of both global and regional clients spanning Energy, Telecom, Technology and
                                                     other industries.
The repeat business of large regional government entities and global industry giants is testament to the exceptional quality, speed and service provided by
                                                                 the Group to its clients

                                                                                                                 W W W . E L S E W E D Y E L E C T R I C . C O M
Industry: Wires & Cables                                                                                                                   17

                                                                           Product Range
  Capacity Split by Country (%) – December 31, 2021
                   2% 2%
                                                                                 Comprehensive range of cabling solutions for residential, industrial,
                                                                                                 commercial and energy sectors
             12%                              Egypt
                                              Saudi Arabia
                                                                                Power              Special      Fiber Optic         Winding               Raw
                                              Qatar                             Cables             Cables         Cables             Wires              Materials
       17%
                                 54%          Algeria
                                              Ethiopia                     Production Facilities
             12%                              Tanzania                             Largest capacity in the MENA region with access to markets with
                                                                                        underdeveloped infrastructure creating opportunities
                                                                           Egypt                                          Ethiopia
                            Volume (000 tons)                                                                             • El Sewedy Cables Ethiopia
                                                                           •   Egytech Cables
                                                                           •   United Industries                          KSA
         154          156
149                                                                        •   El Sewedy Cables                           • El Sewedy Cables KSA
                                                                    133
                                122    124       127         121           •   Egyplast                                   Qatar
                                                                           •   Elsewedy SEDCO                             • Doha Cables
                                                                           •   United Metals
                                                                           •   United Wires
                                                                                                                          Algeria
                                                                           •   UEIC                                       • El Sewedy Cables Algeria
                                                                                                                          Tanzania
                                                                                                                          • El Sewedy Cables Tanzania
2014     2015        2016       2017   2018     2019         2020   2021
                                                                               Elsewedy Electric has significantly extended its core wires and cables capacity
                                                                                   in recent years, more than doubling its annual capacity since 2007 to
                                                                                          approximately 275,000 tons as of December 31st 2021
                                                                                                                W W W . E L S E W E D Y E L E C T R I C . C O M
Industry: Transformers                                                                                                         18

                                                                  Product Range
                        Capacity (MVA)
                                                                  Elsewedy Electric produces a full range of low, medium and high voltage
                                                         30,040
                                                                  transformers -- including power and distribution (step up and step down)
                                                                                               transformers

                                                                     Power                                                             Installation &
                                                                                           Cast Resin Dry      Oil Immersed
11,400                                                            Transformers                                                         Maintenance
         10,000
                                  5,500

                        260
                                             2,880                Production Facilities
Egypt    Indonesia     Zambia    Pakistan    Algeria      Total      The Group utilizes a state-of-the-art set-up to solidify its position as a
                                                                    leader of integrated energy solutions in MENA and Sub-Saharan Africa

                       Backlog   (USD mn)                         Egypt                                        Indonesia
                                                                  • Elsewedy Transformers - Egypt              • Elsewedy Electric - Indonesia
                                                                  Zambia                                       Pakistan
                                                 119
                                                                  • Elsewedy Electric - Zambia                 • Elsewedy Transformers - Pakistan
            90
                          79          78                          Algeria
                                                                  • Elsewedy Electric - Algeria

          FY 2018      FY 2019     FY 2020     FY 2021             Elsewedy Electric is the first and only producer of power and distribution (step
                                                                   up and step down) transformers in the region up to 220KV. The Group benefits
                                                                       from access to untapped markets and low-cost manufacturing bases
                                                                                                      W W W . E L S E W E D Y E L E C T R I C . C O M
Industry: Electrical Products                                                                                                 19

                                                  Project Range
               Revenue   (EGP mn)
                                                  Cable Accessories
                                                  Elastimold Egypt is cable accessories manufacturer resulting
                                                  from a joint venture with Elastimold USA and Elsewedy
                                                  SEDCO. Services range from engineering, design and
                                                  correct accessory selection to supplying, training, installation
                                                  and supervision.
       841       823
                          761              726    Insulators
                                                  In June 2008, Elsewedy Electric acquired The Egyptian
                                    519
                                                  Company for Manufacturing Electric Insulators (ECMEI), a
372                                               Middle East-based manufacturer of electric ceramic
                                                  insulators.

                                                  Others
2016   2017      2018     2019      2020   2021   Explosion Proof Equipment
                                                  Elsewedy Electric has been manufacturing explosion proof equipment since 1998 through
                                                  Elsewedy Sedco , which specializes in supplying distinguished Electrical Bulk Materials
                                                  (Explosion Proof) for the petroleum sector in Africa and Middle East

                                                  Fiber Glass Poles
                                                  Elsewedy Electric manufactures fiber glass up to a height of 14m.

                                                   Through strategic alliances and acquisitions, Elsewedy Electric has become a
                                                    one-stop shop, offering comprehensive solutions in the field of Electricity &
                                                                                      Energy

                                                                                           W W W . E L S E W E D Y E L E C T R I C . C O M
EPC: Turnkey Solutions                                                                                                                          20

                                                                                    Product Range
                          Revenue       (EGP bn)
                                                                                          Elsewedy Electric’s Turnkey Solutions segment delivers electricity
                                                                                        generating assets and transmission and distribution (T&D) networks on
                                                                                                                    an EPC basis.

                                                                             25.4                            Electricity           Construction
                                                            22.7                          Power                                                          Telecom
                                                                                                           Transmission                 &
                                              18.9                                      Generation                                                       Solutions
                                                                                                           & Distribution         Infrastructure
                         15.4
                                 13.2

6.4
            9.5                                                                     Geographical Reach
2015        2016         2017    2018        2019           2020             2021        The Group focuses on the power sector with strong capabilities that
                                                                                        extend to large and complex infrastructure, industrial and commercial
                                                                                                 projects with an emphasis on turn-key contracting.
                         Backlog – FY 2021
                                                                                    Power                 PSP                     Transmission & Distribution
                                                                                    •   Iraq              •   Egypt               • Algeria         • Rwanda
                                                                                    •   Yemen             •   Iraq                • Chad            • Zambia
                                                                                    •   Cameroon          •   KSA
        27%                                                     29%                                                               • Egypt           • Angola
                                             35%                                    •   Libya             •   Qatar
                                                                                                          •   Cameroon            • Ethiopia
             EGP 70 bn                             EGP 70 bn                                              •   UAE                 • Equatorial
                                                                                                          •   Tanzania              Guinea
       7%
                           66%                                                                                                    • Ghana
                                                         36%
                                                                                                                                  • Mozambique
                                                                                                                                  • Niger
                                            Power Generation
        Egypt      GCC   Other              Transmission & Distribution HV
                                            Civil & Networks
                                                                                         Elsewedy Electric is a leading engineering, procurement and construction
                                                                                           contractor active across the MENA and Sub-Saharan African regions
                                                                                                                         W W W . E L S E W E D Y E L E C T R I C . C O M
EPC: Turnkey Solutions                                                                                                                             21

Division | 1                               Division | 2                                   Division | 3                                    Division | 4

           Power Generation                 Power Transmission & Distribution                  Construction & Infrastructure               Projects Development & Renewable
                                                                                                                                                         Energy

Considered one of the emerging EPC         Elsewedy Electric T&D aspires to be a          One of Egypt’s most reputable                   Develops, designs, builds, owns and
contractors with an extensive              global leader in providing safe &              contractors with a strong reputation and        operates assets in the field of power
experience in the business of Power        environment friendly energy solutions to       growing business in Algeria, North              industry, whether in Power Generation
Generation and HV substation projects,     the growing infrastructure needs of its        Africa, Chad, and Mozambique.                   or in Transmission & Distribution,
Elsewedy PSP provides engineering,         valued clients across the Middle East.         Through alliances with major                    outsourcing the corporate capabilities
procurement, manufacture and               We have the in-house capability to             international civil engineering and             and expertise and cooperating with
construction services, demonstrating its   undertake design, engineering,                 specialist contractors, we are able to          major & experienced developers, EPC
dominant presence within the Egyptian      procurement & management of                    undertake multidisciplinary projects of         contractors & equipment suppliers and
market and successful expansion            installation activities for electrical power   high scale and complexity.                      focusing in emerging and growing
across the MENA Region; backed by          transmission & distribution projects on                                                        markets, especially in which the Group
the Group’s corporate global activities.   turnkey basis.                                                                                 has established a strong market
                                                                                                                                          position and special relations within.

Sectors Served                             Sectors Served                                 Sectors Served                                  Sectors Served

•   Power                                  • Power (Transmission Distribution)            •   Infrastructure                              • Power
•   Industrial                             • Utilities                                    •   Industrial                                  • Renewable energy
•   Infrastructure                         • Infrastructure                               •   Power
•   Utilities                                                                             •   Commercial

                                                                                                                                W W W . E L S E W E D Y E L E C T R I C . C O M
Technology: Meters                                                                                                                               22

                                                                                            Product Range
                              Revenue            (EGP mn)
                                                                                                The acquisition of Iskraemco establishes a global metering and
                                                                                             measurement giant with the technological strength to build tomorrow’s
                                   3,200             3,258                                                              smart products
                 2,945
                                                                    2,723
                                                                                 2,395
                                                                                                                   Induction              Residential        Industrial
                                                                                            Smart Meters
1,072                                                                                                                Meters                 Meters             Meters

2016             2017              2018              2019           2020         2021
                                                                                            Production Facilities
                                                                                             With the production and distribution base to capture worldwide market
                                                                                             share, Iskraemeco currently supplies over 3 million meters, mostly to
                                                                                                               countries in Europe and the Gulf.
                          Distribution Network
                                                                                                           Slovenia
                                                                                                           • ISKRAEMECO - Slovenia

                                                                                                           Egypt
                                                                EUR     152 mn                             • ISKRAEMECO - Egypt

                                                             Backlog – December 31st 2021   In 2007, Elsewedy Electric acquired Slovenia’s Iskraemeco, one of the world’s
                                                                                            most technologically advanced producers of metering equipment and services

                                                                                            Production Capacity (Meters)
  ● Iskraemeco group production plants and offices                                               Slovenia                         Egypt                    Total
  ● Iskraemeco references (customer locations)
                                                                                                 5,400,000                     4,700,000                10,100,000

                                                                                                                            W W W . E L S E W E D Y E L E C T R I C . C O M
Investment                                                                                23

             Product Range
              Elsewedy Electric, jointly and equally with Électricite De France’s EDF
             Renewables, developed, financed, built, owns and operates two solar PV
             power plants in Benban, Aswan, developed as part of Egypt’s Round II of
              the renewable energy feed-in-tariff program launched by the Egyptian
                                            government

                130 MWp                        140,000                    120,000 Tons
                Capacity                 Households Connected            CO2 Saved/Year

             Benban Solar PV Plant
                 Elsewedy Electric’s Benban Solar PV power plants commenced
              operations in August 2019, with an in-place Power Purchase Agreement
                                and Network Connection Contract

                         Project Value
                         • USD 140 million

                         Project Location
                         • Benban, Kom Ombo, Aswan Governorate, Egypt

             Elsewedy Electric contributes to and fully supports the Egyptian government’s
               plan to generate 20% of the country’s electricity from renewables by 2022

                                              W W W . E L S E W E D Y E L E C T R I C . C O M
Investment                                                                                    24

             Product Range
             Elsewedy Electric completed the acquisition of 3 wind and 1 hydroelectric
                            energy companies in Greece in June 2019

                                                    34,000
                 63.6 MWp                                                     102,000 Tons
                                                  Households
                  Capacity                                                   CO2 Saved/Year
                                                  Connected

             Renewable Energy Assets
                Public utility off-taker “DAPEEP” (Diacheiristis Ananeosimon Pigon
             Energias kia Eggyiseon Proelefsis S.A.) guarantees the purchase of all the
                                     energy produced at the parks.

                               Acquisition Value
                               • EUR 55 million

                               Project Location
                               • Ermioni, Argolida, Greece
                               • Tsouka, Arcadia, Greece
                               • Kilkis, Macedonia/Achaia, Greece

              Elsewedy Electric is committed to seeking investment opportunities to provide
                                  added value and sustainable solutions

                                                  W W W . E L S E W E D Y E L E C T R I C . C O M
Development                                                                                                            25

              Product Range

              Industrial Development
              At Elsewedy Industrial Development, we create fully functional and customizable
              integrated industrial developments. Over the past decade and a half, we have
              successfully developed over 25 million square meters of industrial parks,
              encompassing a multitude of diverse and fully operational large-scale factories,
              with local and international manufacturers. We have projects in different cities in
              Egypt and Africa, such as Industria West, Industria East, Al Oula, Industria
              Sokhna, Industria Asher,Industria Sadat and Tanzania (Dar Elsalam).

              Logistics Development
              Elsewedy Logistics Properties originated from Elsewedy’s successes in the
              industrial development of Pi Parks and Al Oula. Located in Industria West with
              14,000 SQM of warehouse ambient and temperature-controlled space, SLP #One
              will be operated in partnership with DB Schenker Egypt.

              This joint operation is part of SLP’s strategic partnership agreement with DBS,
              one of the world’s three largest logistics service providers, will see the two jointly
              develop innovative and sizeable logistics assets in Egypt and the MENA region.
              Lately, There is a great interest in establishing logistics facilities in Egypt and
              other African countries. Through our subsidiary Elsewedy Logistics Properties
              (SLP) we develop warehousing, distribution hubs, and dry port facilities and FTZs
              (free trade zones). Our existing projects cover a diverse range of strategic
              locations.

                                                                           W W W . E L S E W E D Y E L E C T R I C . C O M
Financial Performance
Income Statement Highlights                                                                                                                              27

                                                                            Segmental Analysis
                                  Revenues                                                                                         Gross Profit

                                                                1%
                        1%                                        1%                                                  4% 2%                                     3%3%
                      3% 1%                                3%                                                   4%                                         6%
                 4%                                   6%
                                                                                                           9%
                                                                                                                                                     10%                  33%
                                                                                                                                 37%
                                                                           40%
                    FY 2021     49%                                                                                   FY 2021                                   FY 2020
                                                           FY 2020
          42%

                                                49%
                                                                                                                44%
                                                                                                                                                            45%

                              ◼ Wire & Cables   ◼ Turnkey Solutions          ◼ Meters   ◼ Transformers   ◼ Electrical Products     Renewables – IPP

                                                           ▲YoY Revenue                                  ▲ Gross Profit                          Gross Profit Margin (FY 2021)
Wires & Cables                                                    ▲59.9%                                     ▲36.6%                                              10.6%

Turnkey Solutions                                                 ▲11.5%                                     ▲16.5%                                              14.5%

Meters                                                            ▼12.0%                                        ▲ 2.0%                                           29.9%

Transformers                                                      ▲36.7%                                     ▼19.0%                                              18.3%

Electrical Products                                               ▲39.8%                                     ▲43.9%                                              46.1%

Renewables – IPP                                                  ▼ 2.1%                                        ▼ 5.6%                                           49.9%

                                                                                                                                       W W W . E L S E W E D Y E L E C T R I C . C O M
Income Statement Highlights                                                                                                                                                                                             28

                                           Total Revenue (EGP bn)                                                                                                             Gross Profit (EGP bn)

                                                                                                                                                                                    Gross profit                Gross profit margin

                                                                                                                                               24%                21%
                                                                                                                                                                                      17%                18%                                  14%
                                                                                                           60.5                                                                                                             15%
                                                                                                                                                                   9.0                                   8.2
                                                                      46.6                                                                                                                                                                     8.4
                                42.9                                                     46.4                                                                                         7.2
                                                   42.5                                                                                                                                                                     7.1
                                                                                                                                               5.9
             24.6

             2016               2017               2018               2019               2020              2021                               2016               2017                2018               2019               2020               2021
•   Revenues increased by 31% y-o-y to EGP 60,541 million in FY 2021 on the back of the strong performance of Elsewedy’s cables     •   Gross Profit increased by 19% y-o-y to EGP 8,435 million in FY 2021, driven mainly by the improved profitability of turnkey
    segment and the solid growth in turnkey projects. Aside from meters, all other segments showed promising growth for the
                                                                                                                                        projects coupled with the solid performance of the wires and cables segment.
    period.

                                                 EBITDA (EGP bn)                                                                                          Net Income (after Minority Interest) (EGP bn)

                                                  EBITDA             EBITDA Margin                                                                                                            Net Income after Minority

              18%                18%
                                                    14%                                                                                       16%                15%
                                                                       14%
                                  7.8                                                     11%                10%                                                                      12%
                                                                                                                                                                  6.4
                                                                        6.4                                                                                                          5.0                9%
                                                     6.1                                                      6.3                                                                                                           7%                 6%
                                                                                           5.3                                                                                                           4.0
               4.5                                                                                                                             3.9
                                                                                                                                                                                                                            3.0                3.5

              2016               2017               2018               2019               2020              2021                              2016               2017               2018               2019                2020               2021

•       EBITDA climbed by 18% y-o-y, registering EGP 6,267 million in FY 2021, with the EBITDA margin remaining relatively stable   •   Net Profit after Minority Interest grew 16.7% y-o-y to EGP 3,534 million in FY 2021, up from the net income of EGP 3,027
        at 10.4% versus 11.4% in the previous year.                                                                                     million posted in FY 2020. Net profit margin came in at 5.8% in FY 2021 against 6.5% in the previous year.

                                                                                                                                                                                       W W W . E L S E W E D Y E L E C T R I C . C O M
Balance Sheet Highlights                                                                                                                                                                               29

                                             CAPEX (EGP bn)                                                                                            Dividend Per Share (“DPS”) (EGP)

                                                   CAPEX                 CAPEX/Sales

                                                                      6.3%

                                                        3.7%           2.9                                                                                        1.6
                                                                                       3.3%
             2.3%          2.4%          2.6%
                                                                                                   1.8%
                                                         1.6                           1.5                                                                                      0.8            0.8
              0.4                          1.1                                                      1.1
                            0.6                                                                                                      0.3            0.4                                                      0.4      Retention
                                                                                                                                                                                                                          0
             2015          2016           2017          2018          2019             2020        2021                             2015           2016          2017          2018           2019          2020          2021
•   Despite a significant growth revenue over the last 5 years, Elsewedy has maintained a relatively low CAPEX to
    sales (less than 4% between 2014 and 2018), with a slight uptick for 2019 and a reversion to trend from 2020       •   Elsewedy declared a dividend of EGP 0.40 per share for 2020, opting to retain profits for 2021 as the Company
    onwards.                                                                                                               continues on its expansion trajectory.

                                             Net Debt (EGP mn)                                                                                                       Net Debt Ratios
                                                                                                                                                                Net Debt/Equity            Net Debt/EBITDA
                                                                                                                                     1.0x

                                                                                                6,115.9                                             0.6x

                                                                                                                                     0.3x
                                                                                                                                                   0.2x                          0.13x                        0.11x
               497.0                                                         (562.5)                                                                             0.06x
                                    (12.0)                                                                                                                     0.04x                           0.00x                         0.96x
                                                                                                                                                                                 0.048x          0.001x
                                                       (769.0)                                                                                                                                                0.03x          0.3x
                2017                2018                2019                  2020               2021                                2015          2016           2017           2018           2019          2020           2021
•      Elsewedy reported a net debt position of EGP 6,116 million as at 31 December 2021, as part of an effort to
                                                                                                                       •   Net debt to EBITDA rebounded to previous levels in comparison with 2015 as Elsewedy takes on another wave of
       curtail commodity delays and operational interruptions that could impact growth plans. The proceeds have been       growth and expansion, while mitigating global operational challenges associated with disruption.
       used towards raw material stocking, related advance payments and the coverage of associated freight costs.

                                                                                                                                                                         W W W . E L S E W E D Y E L E C T R I C . C O M
Consolidated Income Statement                                                                                           30

EGP                                                 Q4-2021            Q4-2020      % Change          FY-2021                 FY-2020         % Change
Sales
Wires & Cables                                  9,364,333,337      5,520,496,850                29,629,000,620          18,533,412,130
Electrical Products                             1,431,663,829      1,234,616,384                 5,148,322,060           4,725,506,025
Turnkey Projects                                8,858,521,292      8,176,453,402                25,764,098,932          23,142,652,613

Total Sales                                    19,654,518,459     14,931,566,636       31.6%    60,541,421,612          46,401,570,767           30.5%

COGS                                          (16,734,470,696)   (12,118,604,656)              (52,106,121,564)        (39,347,557,392)
Gross Profit                                    2,920,047,763      2,812,961,980        3.8%     8,435,300,047           7,054,013,374           19.6%

Gross Profit Margin                                     14.9%             18.8%                          13.9%                   15.2%
SG&A                                           (1,087,248,364)     (760,011,228)                (3,409,596,075)         (2,812,885,615)
Other Operating Income                             155,501,802       129,620,540                    470,252,797             497,104,317
Other Operating Expense                          (310,893,932)     (429,229,454)                  (567,183,442)           (704,279,904)
Income from Investments                             52,967,339        77,900,554                    248,538,462             322,256,736
EBITDA                                          2,027,274,187      2,088,587,067       -2.9%      6,266,747,767          5,309,460,336           18.0%

EBITDA Margin                                          10.3%              14.0%                          10.4%                  11.4%
Depreciation & Amortization                     (296,899,578)      (257,344,675)                (1,089,435,978)          (953,251,429)
FX Gain / (Loss)                                 (38,312,754)         14,797,447                   (40,056,070)           (23,052,455)

EBIT                                            1,692,061,855      1,846,039,839       -8.3%     5,137,255,718           4,333,156,453           18.6%

Interest Expense                                (243,410,239)      (171,955,202)                 (729,230,425)           (558,406,883)
Interest Income                                    88,031,776          78,769,804                  424,915,986             491,440,521
Interest Income / (Expenses)                    (155,378,463)        (93,185,398)                (304,314,439)             (66,966,362)
EBT                                             1,536,683,392      1,752,854,441      -12.3%     4,832,941,280           4,266,190,091           13.3%

Tax                                             (245,802,130)      (381,935,109)                (1,024,111,242)          (959,865,299)
Net Income                                      1,290,881,263      1,370,919,332       -5.8%      3,808,830,038          3,306,324,791           15.2%

Minority Interest                                 (50,470,512)       (75,138,759)                (274,968,512)           (278,791,550)
Net Income After Minority Interest              1,240,410,751      1,295,780,574       -4.3%     3,533,861,526           3,027,533,242           16.7%
Net Income Margin                                        6.3%               8.7%                         5.8%                    6.5%

                                                                                                           W W W . E L S E W E D Y E L E C T R I C . C O M
Consolidated Balance Sheet                                                                        31

EGP                                                         31/12/2020      30/09/2021                             31/12/2021
Long Term Assets
Fixed Assets & Goodwill                                  8,814,664,639    9,509,509,830                         10,175,907,881
Investments                                              1,524,731,301    2,498,818,920                          2,151,957,073
Other long-term Assets                                     436,434,058      274,084,979                            262,400,576
Other long-term Receivables                              2,360,964,510    2,525,747,897                          1,202,254,015
Total Long-term Assets                                  13,136,794,508   14,808,161,626                         13,792,519,545
Current Assets
Inventories                                              7,490,676,915   11,315,334,021                         13,320,680,704
Receivables                                             13,599,623,740   13,694,958,569                         15,043,335,953
Other Debit balance                                      9,249,566,625   12,491,375,232                         12,518,534,412
Due from Related Parties                                   645,776,969      826,765,441                          1,175,912,475
Cash & Cash Equivalents                                 10,811,687,255    8,637,371,359                         11,842,589,348
Total Current Assets                                    41,797,331,504   46,965,804,622                         53,901,052,892
Total Assets                                            54,934,126,012   61,773,966,248                         67,693,572,437
Current Liabilities
Bank Overdraft & Short-term loans                        8,268,089,866   11,781,160,771                         15,032,238,908
Accounts Payable                                         5,733,816,805    6,787,623,173                          8,678,197,095
Other Credit balance                                    16,783,796,473   17,101,046,005                         16,185,004,870
Due to Affiliates                                          588,944,840      644,494,076                            546,964,145
Provisions                                               1,497,155,181    1,484,466,083                          1,960,889,007
Total Current Liabilities                               32,871,803,165   37,798,790,108                         42,403,294,025
Issued and Paid Capital                                  2,184,180,000    2,184,180,000                          2,184,180,000
Retained Earnings                                       13,209,556,139   15,355,425,383                         16,504,538,981
Others                                                   1,628,194,204      498,112,032                            422,339,981
Total Parent's Shareholders' Equity                     17,021,930,343   18,037,717,415                         19,111,058,962
Minority Interest                                          869,033,193    1,058,426,646                          1,094,835,252
Total Equity                                            17,890,963,536   19,096,144,061                         20,205,894,214
Long-term Loans                                          1,981,093,136    2,796,196,904                          2,926,293,825
Other long-term Liabilities                              2,190,266,175    2,082,835,175                          2,158,090,373
Total Long-term Liabilities                              4,171,359,311    4,879,032,079                          5,084,384,198

Total Liabilities & Equity                              54,934,126,012   61,773,966,248                         67,693,572,437

                                                                                 W W W . E L S E W E D Y E L E C T R I C . C O M
Stock Information                                                                                                     32

                                                                                    Ownership Structure
SWDY.CA/SWDY.EY (31/12/2021)

Issued Shares                  Share Price                                          25.0
                                                                                                   Mr. Sadek Ahmed Sadek Elsewedy
                                                                          32.3%
2,184,180,000 Shares           EGP 9.83                                                            Mr. Ahmed Ahmed Sadek Elsewedy

                                                                                                   Mr. Mohamed Ahmed Sadek Elsewedy

Listing Venue                  Market Cap                                    17.7   25.0
                                                                                                   Free Float
The Egyptian Stock Exchange    EGP 21.5 bn

                                             Elsewedy Electric Stock Performance
                                                          SWDY   EGX 30

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Corporate Social Responsibility
Corporate Social Responsibility                                                                                                                                                  34

The communities that we operate in are at the center of our success. Elsewedy Electric is always striving to benefit those
communities in Egypt and abroad, not only through its economic impact, but also by paying it forward. We recognize the importance
of health and education, which has led us to take action on behalf of those in need throughout 2021.
Over 15 CSR Initiatives Split Across 4 Categories
                                                                                                                                                               Accessible Education   Sports & Culture
Select Accessible Education Initiatives                                                                                                                        Better Health          Inclusive Development

Improving Access to Higher Education
Since 2017, Elsewedy Electric has been providing merit-based scholarships to students from universities across Egypt in cooperation with the
American University in Cairo (AUC, Ain Shams University, German University in Cairo (GUC), Mansoura University, Nile University, Qasr Aini
University Faculty of Medicine, and Zewail University. The program began as a pilot in 2016 with two students and has grown to 115 students per
year in 2020.
Applied Technology University
Elsewedy Electric supports The University of Technology by establishing a laboratory and establishing conference rooms within the university. The
institution plays a vital role in enhancing the quality of technical education in Egypt in line with the national and international market requirements.

Elsewedy Technical Academy
                                              In 2011, Elsewedy Electric established the Elsewedy Electric Technical Academy, which aims to support technical and vocational schools to
                                              produce the skilled technicians that the industry needs STA aims to prepare students for the exponentially transforming world under the fourth
                                              industrial revolution, through introducing them to digital content and the increasing use of computers in the classroom and at work. School books
                                              are gradually replaced by digital copies, while we also integrate multimedia content into the teaching and the learning process.

                                              In 2020, STA collaborated with various ministries in Egypt, and signed agreements with Banque Misr Foundation. The Academy has also
                                              partnered with several telecom and technology companies, including Orange, Huawei, Cisco and Microsoft.

                                                                1.2k Students
                                                                                                  13 Areas              4 Int’l Certificates               16 Specializations
                                                                ~30% Female
                                                                                                                                               W W W . E L S E W E D Y E L E C T R I C . C O M
Corporate Social Responsibility                                                                                                                          35

 Select Better Health Initiatives

Doha Cables Blood Donation Campaign
On January 26, 2020, Doha Cables organized a voluntary blood donation campaign at Mesaieed Factory in partnership with Hamad Medical Corporation (HMC) to support the Blood
Bank in Qatar and raise awareness of the importance of donating blood. Employees from various departments attended the campaign.

First-of-a-Kind 3D Endoscopy Simulator
The Group supported the establishment of the first-of-a-kind 3D Endoscopy Simulator Lab at Kasr Al Ainy Hospital, a lab that trains professionals and surgeons at the obstetrics and
gynecology department. It is the only comprehensive surgery simulation center with 3D VR hysteroscopy in Egypt, offering trainees virtual surgical training before practicing what they
have learned in real-life surgeries. The lab provides advanced training on laparoscopy and hysteroscopy.

Ultrasonic Endoscope System to Zagazig Hospital
Elsewedy Electric donated the newest Ultrasonic Endoscope system to Zagazig University Hospital. The ultrasonic
endoscope system helps treat and provides correct diagnoses in the gallbladder, digestive system and tumor
sampling.

Medical Supplies to Healthcare Workers
Elsewedy Electric donated more than 1.6 million masks & medical supplies to healthcare workers in Egypt to help
combat the spread of the coronavirus. The donation included 1.5 million surgical respiratory masks, 100,000 N95
medical respirator masks, 20,000 protective medical suits, and 100,000 medical hand protectors.

Elsewedy Hospital in Sudan
Elsewedy Electric has developed a children’s hospital in Sudan focusing on newborns as it seeks to combat infant
mortality, where children under the age of five suffer from the highest rates.

                                                                                                                                     W W W . E L S E W E D Y E L E C T R I C . C O M
Corporate Social Responsibility                                                                                                                            36

Select Inclusive Development Initiatives

                3W Networks Calendar Partnership
                Our partnership with Mawaheb from Beautiful People, a Dubai-based art studio for disabled adults and young people, has lasted since 2012 and continues to
                date. Every year we produce calendars featuring beautiful artworks of these talented individuals. We share Mawaheb’s focus on creativity, self-development
                and confidence to bridge the gap between determination and society. Our 2021 calendar draws inspiration from Japanese artist Yayoi Kusama, who is
                sometimes called ‘the princess of polka dots. Adding colorful all-over marks and dots as their inspiration, the Mawaheb artists exhibited artworks beautifully
                reflecting the artist’s world.

                Food Bank Partnership
                To eradicate hunger in Egypt, Elsewedy Electric has established a partnership with the Egyptian Food Bank (EFB). This partnership aims to support EFB in
                its mission to serve society through long-term development, awareness and feeding programs. Volunteer teams from Elsewedy Electric supported the
                program by packing cartons of food for families in need.

                                                                                                                           W W W . E L S E W E D Y E L E C T R I C . C O M
Corporate Social Responsibility                                                                                                              37

Select Sports & Culture Initiatives

Sponsorship for Distinguished Squash Champion
Elsewedy Electric has signed a sponsorship contract for squash champion, one of the prominent champions in the squash game, who has won many world
championships.

Road to Tokyo Olympics 2021
RME sponsored Mohab Samer, Egyptian fencing champion, by supporting him in his journey to competing in four World cup tournaments in Egypt, Canada, Poland &
Luxembourg until he made it to the Olympics qualified as the 1st place of African qualifiers and 10th Worldwide. RME also sponsored his closed training camp with
internationally accredited coach Christian Bauer of France, recognized internationally as the best fencing trainer, to support Mohab in his challenging training phase.

Galala Challenge I,II,III,IV
RME proudly, for the fourth time, took part in the Galala Challenge together with Power Ride Sports. Galala Challenge is a 137km ride with around 1,300m of elevation,
which requires inspiring, persistent and challenge-oriented participation.

Trailmaster Race
Recognizing sports as an important part of our culture, RME has always supported our athletes. In 2020 we partially sponsored RME people who wished to participate in
the Trailmaster race event (Run Through Nature) in collaboration with The TriFactory.

Tough Mudder
RME proudly took part in the Tough Mudder event under the auspices of Emaar Misr, ensuring that challenging obstacles in the game were constructed following the
highest safety and quality standards.

                                                                                                                         W W W . E L S E W E D Y E L E C T R I C . C O M
Health, Safety & Environment
Health, Safety & Environment                                                                                                        39

We believe that our employees are our most important asset. The safety of our employees, subcontractors and stakeholders is
   our highest priority. We strive to create and maintain a safe operating culture by prioritizing safety in everything we do.

We believe in earning the confidence of
consumers, shareholders and the wider       It is our belief that:
society. We strive to be a good neighbor
                                            • Every incident can be prevented
     and contribute to sustainable
              development                   • Safety can be managed
                                            • Our management is responsible for ensuring the safe operations
                                            • Protecting the environment is our responsibility
                                            In Elsewedy Electric we are all committed to:
                                            • Pursue the goal of no harm to people
                                            • Train our employees on how to perform their jobs safely
                                            • Provide the necessary resources for a safe and clean workplace and environment
                                            • Plan for, respond to and recover from any emergency, crisis and business disruption
                                            • Promote best practice in our industry
                                            • Minimize our environmental impact through efficient use of materials and energy
Our HSE Policy will be regularly reviewed   • Encourage a culture in which all employees share our commitment to safety and environment
    to ensure ongoing suitability. The
commitments listed are in addition to our   • Continuously improve the way we manage safety and environment protection in our operations
basic obligation to comply with Elsewedy
                standards
                                                                                                          W W W . E L S E W E D Y E L E C T R I C . C O M
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