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INVESTOR RELATIONS 2Q2010 Earnings Release
15 August 2010
Table 1: Operational Indicators
Units 2Q09 1Q2010 2Q2010 1H09 1H2010
Total Brokerage Executions USD billion 21.9 12.5 10.6 31.3 23.1 Assets Under Management USD billion 5.0 5.5 5.1 5.0 5.1 in Asset Management USD billion 4.0 4.5 4.1 4.0 4.1 in Private Equity USD billion 1.0 0.9 0.9 1.0 0.9 Research Coverage 87 100 109 87 109 Investment Bank. Transactions USD billion 1.6 1.3 1.0 1.6 2.3 Number of Employees 851 1,025 1,051 851 1,051
Sources: EFG Hermes audited financial statements and management accounts
Table 2: Financial Indicators
Fee & Commission Income Capital Markets & Treasury Operations*
Net Operating Profit after Tax & Minority Interest EGP mn 42 7 52 58 135 90 264 523
* includes EGP716.6 million in 1H2010 being capital gain on the sale of the stake in Bank Audi and EGP193.8 million in 1H2009 (EGP108.8 million in 2Q2009) being share of profit of associate Sources: EFG Hermes audited financial statements and management accounts
Total EFG Hermes
(EGP mn) Units 2Q09 2Q10 1H09 1H10
Total Operating Revenue EGP mn 383 346 711 1,413
Total Operating Expenses EGP mn 159 200 307 405
Net Operating Profit EGP mn 224 146 404 1,008
Net Operating Margin 58.4% 42.1% 56.9% 71.3% Net Operating Profit after Tax & Minority Interest EGP mn 176 97 317 580
Sources: EFG Hermes audited financial statements and management accounts
Sums and percentages may not add up exactly due to rounding * net of bank interest paid, bank charges, FX differences and intercompany revenue (expenses) ** represents realised & unrealised gains/loss on trade facilitation account, includes EGP716.6 mn of capital gain on sale of Bank Audi in 1Q2010 *** being share of profit of associate in 2Q2009 and 1H2009 Sources: EFG Hermes audited financial statements and management accounts
Table 4: Performance of Markets in the Arab Region during 1H2010
In this earnings release EFG Hermes may make forward looking statements, including, for example, statements about management’s expectations, strategic objectives, growth opportunities and business prospects. Such forward looking statements by their nature may involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by these statements. Examples may include financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions; and the effect of current, pending and future legislation, regulations and regulatory actions. Furthermore, forward looking statements contained in this document that reference past trends or activities should not be taken as a representation that such trends or activities will continue. EFG Hermes does not undertake any obligation to update or revise any forward looking statements.
Accordingly, readers are cautioned not to place undue reliance on forward looking statements, which speak only as of the date on which they are made.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities or interests described within it in any jurisdiction. We strongly advise potential investors to seek financial guidance when determining whether an investment is appropriate to their needs.
EFG Hermes Holding SAE has its address at Building No. B129, Phase 3, Smart Village – km 28 Cairo Alexandria Desert Road, 6 October and has an issued capital of EGP 1,939,320,000.
جم 1,939,320,000: رأس المال المصدر السادس من أآتوبرالمرحلة الثالثة، ، ب129القرية الذآية مبنى المجموعة المالية هيرميس القابضة شرآة مساهمة