Trans-Century Group

An Overview

INVESTING IN AFRICA

Century Group

TransCentury at a glance

2008: TCL

becomes

public -

Shares of TCL

begin trading

on OTC market

2006: engagement

of full-time

management team

of experienced

professionals to run

the firm2004: TCL’s

initial buyout -

POWER TRANSPORT

the firm

1997: TCL

founded by

entrepreneurial

Kenyan investors

with an objective of

maximizing

shareholder value

initial buyout -

Investment in

EA cables

1

TRANSPORT AFFILIATEDENGINEERING

Board of directors (8)

Company Board of Directors

Zephaniah Mbugua, Chair Peter Kanyango

Njeru Kirira Robin Kimotho

Carol Musyoka

Board of directors (8)

Ngugi KiunaKanyango

2

Kimotho Joseph Karago

Dr. Gachao Kiuna

Experienced Management teamDr. Gachao Kiuna

Chief Executive OfficerYida Kemoli

Corporate finance & Strategy

Allan Munyua Geoffrey Njue

� Capital markets

investment banking

(JPMorgan), Africa PE

experience (Actis)

� MEng in Chemical

Engineering

� Corporate finance &

strategy consulting

(McKinsey)

� PhD Biotechnology, BSc

Biochemistry

Group Head of Infrastructure Group Head of Audit

Ng’ang’a Njiinu

� Business procurement,

Financial management

advisory

� Masters in settlement &

infrastructure development,

Bachelors of Architecture

� Financial analysis, planning &

strategy

� Chartered Financial Analyst,

MBA finance & investment

management

Group Head of Infrastructure

� Group audit experience at

Nestle and Industrial

Promotion Services

� CPA (Kenya)

� BSc in Civil Engineering

Group Head of Audit

Engineering and Trading

Janet Wanjiku

� Audit (Kenya Women

Finance Trust)

� Certified Public Accountant

(Kenya)

� Bcom

Management & Financial Accountant

Experienced Management team

Wambua Kimeu

Finance

Dr. Gachao Kiuna

Chief Executive Officer

Geoffrey Njue Mumo Muthengi

Corporate finance &

strategy consulting

(McKinsey)

PhD Biotechnology, BSc

Biochemistry

� Audit & Advisory (PwC)

� Certified Public

Accountant (Kenya)

� Bcom finance

Group Head of Audit Consumer and Investor Relations

Kibiru Muthaka

� Investment banking

(Deutsche Bank) and

private equity experience

� MBA (Harvard Business

School), BBA finance

Group audit experience at

Nestle and Industrial

Promotion Services

CPA (Kenya)

in Civil Engineering

Group Head of Audit Consumer and Investor Relations

� Bachelor of Science degree

in Finance from Towson

University, Maryland USA.

� level 3 candidate for the

CFA designation

Business Analyst

3

Wanjiku

Audit (Kenya Women

Finance Trust)

Certified Public Accountant

(Kenya)

Bcom finance

Management & Financial Accountant

4POWER

Under-penetration of electrification is a

common theme across the region

Installed capacity per capita

(MW/ 1000 people)

Installed capacity

(MW)

(Kenya)

(Uganda)

(Tanzania)

919

340

1,473

(Ghana)

(South Africa)

(USA)

964,754

40,498

1,490

Source: KPLC Rights Issue Presentation dated 26th November 2010, US Energy Information Administration

penetration of electrification is a

common theme across the region

Installed capacity per capita

(MW/ 1000 people)

14%

9%

16%

4

5

6

Electrification rate:

% of population

21.6

10.7

38.2

5

100%

70%

61%

1

2

3

3,172.9

831.8

62.4

Source: KPLC Rights Issue Presentation dated 26th November 2010, US Energy Information Administration

Libya

Tunisia

Algeria

Morocco

Guinea Bissau

Mauritania

Chad

Niger

Central African

Republic

Nigeria

Mali

Senegal

Liberia

Togo

Cameroon

Gambia

Sierra Leone

Guinea

Ivory

Coast

Benin

Democratic

Republic of

CongoGabon

Burkina

GhanaEquatorial

Guinea

Congo

Rwanda

Burundi

Headquarters: DRC, Congo

TCL’s Power infrastructure footprint

Angola

Zambia

Botswana

Namibia

South Africa

Lesotho

Swaziland

Manufacturing capacity

Sales offices

Kewberg, JHB, South Africa

� Specialty cables – instrumentation

and control cables

Headquarters: DRC, Congo

� Copper – house wires

� FOUR cable factories (Kenya, Tanzania, South Africa, Congo)

� ONE transformer factory (Tanzania)

Egypt

Eritrea

Sudan

Ethiopia

Somalia

Djibouti

Uganda

Kenya

Tanzania

Headquarters: NBO, Kenya

� Copper – house wires

� Copper - armored cables

� Aluminum conductors

� Data Cables

TCL’s Power infrastructure footprint

6

Tanzania

Mozambique

Malawi

Madagascar

Zimbabwe

Swaziland

Factory in DAR, Tanzania

� Copper – house wires

� Copper - armored cables

� Aluminum conductors

� Enamel winding wire

Headquarters: Arusha, Tanzania

� Transformers

� Switchgear

cable factories (Kenya, Tanzania, South Africa, Congo)

transformer factory (Tanzania)

TRANSPORT 7

10.0

12.0

14.0

16.0

18.0

20.0

MTs millions

As port volumes rose, railway volumes

continued their consistent decline

7.0

8.0

4.8

2.5

0.0

2.0

4.0

6.0

8.0

10.0

1980s 1990s

Port Volume

Source: Kenya Ports Authority and RVR estimates

12.9

19.0

As port volumes rose, railway volumes

continued their consistent decline

8

2.01.5

2000s 2010

RVR Volume

Rift Valley Railways

�Strong market fundamentals

�20mm tonnes of cargo at Mombasa Port

�Rail should be cheaper than road for homogenous point-to-point cargo

�Existing asset base

�c. 2,800 km of track

�c. 80 locos

The opportunity

�

�c. 4,000 wagons

�Railways in the region have been an employer of choice for the engineering community

�America Latina Logistica as the technical partner

�Strong financial partners

20mm tonnes of cargo at Mombasa Port

Potential of the rail

4,800

~1,500

>10,000

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

1980's Current Addressable market

To

nn

es

('0

00

's)

Kenya-Uganda Railway

9

Specialised Engineering

� Distribution & services- Weigh bridges � Engineering- Substation construction

10

TCL’s value creation

5

6

7

8

9

10

Sh

are

ho

lde

r fu

nd

s in

bill

ion

s

Note: Times Money Back calculation assumes investment of TCL Hold Co’s 2003 shareholder capital

No. of

Investments: 0 1 5 6 8 9 10 10

0.1

0

1

2

3

4

2003 2004 2005 2006 20071 x

Sh

are

ho

lde

r fu

nd

s in

bill

ion

s

6.9

25x

30x

35x

40x

45x

50x

43 x

11Note: Times Money Back calculation assumes investment of TCL Hold Co’s 2003 shareholder capital

Investments: 0 1 5 6 8 9 10 10

0x

5x

10x

15x

20x

2008 2009 2010

TCL’s focus going forward

Power

Infrastructure

Transport

Infrastructure

Existing � Cables

� Transformers

� Switchgear

� Kenya-Uganda

railway

Growth � Power Generation

� Transmission

� Logistics

Trans-Century Ltd

Transport

Infrastructure

Affiliated

Holdings

Specialised

Engineering

Uganda � Distribution &

Service

� Operations &

Maintenance

� Engineering

� Turn-key projects

� EPC

� Tea

� Banking

� Private equity

12