www.savola.com

Investor Presentation Q3 2016

Savola

2

1. Group Highlights

2. Foods Highlights

3. Retail Highlights

4. Appendix

Contents

Group Consolidated Financial Snapshot

SAR Mn

Q3

Sep 2016

YTD

Sep 2016

Revenue

5,847 +4.3% vs LY

18,760 -0.6% vs YTD

Gross Profit

1,157 -6.6% vs LY

3,670 -2.2% vs YTD

EBIT

311 -37.0% vs LY

1,011 -28.2% vs YTD

Net Profit

173 -53.3% vs LY

513 -59.8% vs YTD

3

Group Consolidated Financial Highlights

4

6,224 6,023

Q1’16

Q1’15

-3.2%

19.9% 19.6% 18.6% 20.3% 19.2% 18.7%

-0.6%

18,760 18,864

YTD Sep’16

YTD Sep’15

3,670

YTD Sep’15

3,751

YTD Sep’16

-2.2%

SAR Mn

YoY Sales

YoY Gross Profit

Q2’16

Q2’15

7,036

-2.1%

6,890 5,604

Q3’16

+4.3%

5,847

Q3’15

Q2’16

1,290 1,353

Q2’15

-4.7%

Q1’15

1,159 1,223

Q1’16

+5.5% -6.6%

Q3’15

1,239 1,157

Q3’16

22.1% 19.8%

Growth Margin

Group Consolidated Financial Highlights

5

SAR Mn

-28.2%

1,011

YTD Sep’15

1,407

YTD Sep’16

513

-59.8%

1,276

YTD Sep’15

YTD Sep’16

6.0% 4.7% 7.7% 6.0% 7.5% 5.4%

7.6% 1.5% 6.2% 3.6% 6.8% 2.7%

YoY EBIT

YoY Net Profit

285371

-23.0%

Q1’15 Q1’16

543414

-23.7%

Q2’16 Q2’15

494311

Q3’16 Q3’16

-37.0%

Q3’15 Q3’15 8.8% 5.3%

471

-80.3%

Q1’16

93

Q1’15

434247

-43.2%

Q2’16

Q2’15

Q3’16

-53.3%

Q3’15

372 173

6.6% 3.0%

Growth Margin

Group Consolidated Revenue Mix by Business

6

SAR Mn

47% 53%

Revenue YTD Sep'15

Foods Retail

46% 54%

Revenue YTD Sep'16

Foods Retail

Capital Expenditure by Segment

7

SAR Mn

888

500

347

468

110

YTD Sep 2016

-26.5%

YTD Sep 2015

989

1,345

21

Panda

YoY -43.7%

Savola Foods

YoY +35.0%

Head Office

YoY -80.7%

Group Consolidated Normalized

Net Income Waterfall

9

SAR Mn

265

134

91

513

96

826

1,107

1,276

YT

D S

ep

20

16

no

rmali

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NI

36

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Pa

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s

24

US

D s

ou

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g

SF

C

YT

D S

ep

2015

rep

ort

ed

NI

SF

C F

X im

pa

ct

SF

C F

X im

pa

ct

Lo

ss

fro

m

as

so

cia

te

20

Ca

pit

al g

ain

on

sa

le o

f P

ac

ka

gin

g

YT

D S

ep

2015

no

rma

lize

d N

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YT

D S

ep

20

16

rep

ort

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NI

7

Pan

dati

sto

re

clo

su

res

co

st

-25.4%

Savola

10

1. Group Highlights

2. Foods Highlights

3. Retail Highlights

4. Appendix

Contents

Savola Foods Financial Snapshot

SAR Mn

Q3

Sep 2016

YTD

Sep 2016

Revenue

2,717 +6.4% vs LY

8,640 -4.1% vs YTD

Gross Profit

416 +1.6% vs LY

1,321 -4.8% vs YTD

EBIT

183 -6.9% vs LY

613 -12.0% vs YTD

Net Profit

85 -23.8% vs LY

276 -33.6% vs YTD

11

Savola Foods Financial Highlights

12

YTD Sep’16

YTD Sep’15

-4.1%

8,640 9,010

YTD Sep’16

1,389

YTD Sep’15

-4.8%

1,321

SAR Mn

YoY Sales

YoY Gross Profit

15.4% 15.3% 14.2% 14.1% 16.0% 16.3%

3,087

-8.6%

2,820

Q1’15

Q1’16

Q2’15

3,369

-7.9%

3,103

Q2’16

+6.4%

Q3’16

Q3’15

2,554 2,717

439 399

Q1’16 Q1’15

-9.3%

540 507

-6.1%

Q2’16

Q2’15

409 416

Q3’15

+1.6%

Q3’16

16.0% 15.3%

Growth Margin

13

SAR Mn

872 791

YTD Sep’15

-9.3%

YTD Sep’16

417

276

-33.6%

YTD Sep’15 YTD Sep’16

YoY EBITDA

YoY Net Profit

8.9% 8.4% 10.1% 10.2% 9.7% 9.2%

3.1% 2.0% 6.2% 4.4% 4.6% 3.2%

Savola Foods Financial Highlights

275 236

Q1’16

-14.3%

Q1’15

342 314

Q2’16

Q2’15

-8.3%

255 241

Q3’15 Q3’16 Q3’16

-5.2%

95 56

Q1’16 Q1’15

-40.7%

210135

-35.7%

Q2’16

Q2’15

112 85

Q3’16

-23.8%

Q3’15

10.0% 8.9%

4.4% 3.1%

Growth Margin

Savola Foods Revenue Breakdown by

Category

14

405 429

2,106 2,367

6,499 5,844

YTD Sep’15

YTD Sep’16

9,010

-4.1%

8,640

SAR Mn

Oil

Pasta

Sugar

Savola Foods Volume Breakdown by

Category

15

220

1,0571,177

1,2381,114

187

+1.2%

YTD Sep’16

2,511 2,482

YTD Sep’15

000 Tonnes

Pasta

Sugar

Oil

Savola Foods Revenue Breakdown by

Geography

16

22%

19%

8,640

42%

-4.1%

YTD Sep’16

7%

9,010 2%

4% 3%

YTD Sep’15

38%

23%

3% 5%

19%

8%

4%

KSA

YoY +6%

Egypt

YoY -5%

Iran

YoY -10%

Algeria

YoY -2%

Turkey

YoY -8%

Morocco

YoY +10%

Sudan

YoY -49%

SAR Mn

Savola Foods Volume Breakdown by

Geography

17

+1.2%

14%

4%

2,511

52%

YTD Sep’16

22%

4%

15%

22%

2%

YTD Sep’15

2% 2% 2,482

5%

2%

51%

3%

KSA

YoY +2%

Algeria

YoY +15%

Iran

YoY -5%

Turkey

YoY -7%

Egypt

YoY +2%

Morocco

YoY +11%

Sudan

YoY -4%

000 Tonnes

Savola

18

1. Group Highlights

2. Foods Highlights

3. Retail Highlights

4. Appendix

Contents

Panda Financial Highlights

SAR m

Q3

Sep 2016

YTD

Sep 2016

Revenue

3,175 +2.7% vs. LY

10,320 +2.5% vs. YTD

Gross Profit

742 -10.6% vs. LY

2,349 -0.6% vs. YTD

Net Income

-131 NA vs. LY

-233 NA vs. YTD

Store Openings / (closures)

4 O 4 Super

C (41) Pandati

16 O 3 C (0) Hyper

O 12 C (2) Super O 1 C (101) Pandati

19

20

YoY Sales

YTD Sep’16

10,320

2.5%

YTD Sep’15

10,066

2,364 2,349

YTD Sep’15

-0.6%

YTD Sep’16

YoY Gross Profit

23.5% 22.8% 22.6% 25.2% 21.5% 20.2%

Panda Financial Highlights SAR Mn

Q1’15

Q1’16

+2.5%

3,271 3,192

+2.4%

Q2’15

3,782

Q2’16

3,874 3,092

Q3’15

Q3’16

+2.7%

3,175

720 824

Q1’16

+14.5%

Q1’15

813 782

-3.8%

Q2’16

Q2’15

830 742

Q3’15

-10.6%

Q3’16

26.8% 23.4%

Growth Margin

21

425

160

-62.4%

YTD Sep’16

YTD Sep’15

YoY EBITDA

YoY NI

-21

18

Q1’16

Q1’15

0.6% -0.6 % 1.3% -2.1% 1.2% -2.3%

4.2% 1.5% 3.5% 3.4% 4.0% 1.3%

118

-233

YTD Sep’15

YTD Sep’16

Panda Financial Highlights SAR Mn

Q1’15

+1.7%

Q1’16

112 110 51

153

-66.6%

Q2’15 Q2’16

5.3% -0.1%

-80

48

Q2’15

Q2’16

51

Q3’15

-131

Q3’16

1.6% -4.1%

Growth Margin

-3

162

Q3’16

Q3’15

Number of Stores by Quarter

22

162152

2015

4

Q1’16

4

Q2’16

2

YTD’16 Closures Q3’16

4

Super

6764 0

Closures YTD’16 Q3’16 Q2’16

0

Q1’16 2015

3 0

Hyper

282

101182

YTD’16 Closures Q2’16 Q1’16

1 0

2015 Q3’16

Pandati

103

498

4115 4

2015

7

Q2’16 Q3’16 Closures YTD’16 Q1’16

Total Selling Area

755,986 m2

Selling Area

747,544 m2

Includes 1 store

opening in Egypt

Includes 1

Hyper in

UAE

Includes 1

Super in

Egypt

Savola

23

1. Group Highlights

2. Foods Highlights

3. Retail Highlights

4. Appendix

Contents

Savola

24

Quarterly Financials – YTD 2016

(all figures are in SAR millions)

Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA

Savola Foods

Oil-Mature Markets 5,029 975 514 326 582 5,463 1,029 597 415 661

Oil-Start-up Markets* 815 103 35 20 45 1,036 164 78 55 91

Total Oil 5,844 1,078 549 346 626 6,498 1,193 675 470 752

Sugar 2,367 146 12 (104) 98 2,106 108 (24) (86) 59

Pasta 429 98 53 34 67 405 88 45 33 61

Total Foods 8,640 1,321 613 276 791 9,010 1,389 697 417 872

Panda

KSA 10,068 2,301 (173) (229) 158 9,837 2,328 156 115 420

Overseas 252 48 (2) (4) 2 229 35 2 2 5

Total Retail 10,320 2,349 (175) (233) 160 10,066 2,364 159 118 425

Real Estate 0 0 16 16 16 0 0 16 16 16

Herfy 0 0 78 78 78 0 0 77 77 77

Al Marai 0 0 583 583 583 0 0 523 523 523

HQ/Elimination/Impairments (200) 0 (104) (208) (79) (212) (1) (63) 127 (312)

Total 18,760 3,670 1,011 513 1,549 18,864 3,751 1,407 1,276 1,599

Adjustments

Impairments - -

Capital gains - (265)

Adjusted Profit 513 1,011

* Start-up markets include Algeria, Morocco and Sudan

Segment Wise Financials

YTD- 2016 YTD- 2015

Savola

25

Quarterly Financials – Q3 2016

www.savola.com

Thank you

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