Slim Othmani

Chairman

NCA-Rouiba, spa

slim.othmani@rouiba.com.dz

www.rouiba.com.dz

www.slimothmani.com

Country Profile

Company Background

Vision

Mission

Values

Strategy

The market

SWOT

Africinvest impact

Private Equity in Africa

Agenda

Country Profile

• Area (sp. Km) 2,381,74

• Coastline 998 Km

• Boundaries 6,343 Km

• Population 35M

• GDP Growth rate 4,1%

• Inflation 1,9%

• GDP structure– 8 % agriculture

– 30 % services

– 62 % industry

• GDP per capita $7,400 $

• Unemployment 10 %

• Exchange rate $1 = 72 DZD

Challenges & Difficulties

Bright side…

Market Size

Young and educated population

Purchasing Power (wages aggressively adjusted

this year)

High Margin Market (overall sectors)

Still room for growth

Rewarding experience

Challenges & Difficulties …

Bureaucracy

Bad overall infrastructure (roads, ports,…)

Time consuming

Land prices

Informal Sector

Human Resources (Educated but unskilled

population)

Lagging Financial sector

Company Background

In brief…

Employees 450

SKU 32

Market Share 25%

Turnover 40 M€

CAGR 2008 – 2010 22%

Key dates …

Registered 1966

Tetra Pak Packaging 1989

New Management 1999

Africinvest 2005

PET Packaging 2010

Africinvest36%

Slim Othmani32%

Other Othmani family32%

Vision

« Maghreb’s Leader in Fruit

Juice and Fruit Drinks …»

Mission

Make our products available,

affordable and acceptable to all

our consumers and customers, in

the most efficient way

Social Responsibility (ISO 26000)

Guaranty to our shareholders an

acceptable ROI.

Values

Human Resources

Quality

Autonomy and responsibility

Long term vision

Innovation

leadership

Commitment

Transparency

Strategy

Differentiate & Unique

Lead the business through

our strengths

Focus our resources where

we have a competitive

advantage

Use our resources and our

capacities at their best to

catch market growth

Y 2005 - SWOT Analysis

Strengths

our ADN (culture)

Market Leader

Strong brand Equity

Distribution Network

Weaknesses

space for extension not

available next to our

facility

Operating Margins

Working capital

Management team

Opportunities

Fast growing market

Room for packaging

diversification

Improving Operation and

revenues

Risks

Exchange rate

More active competition

Country social risk exposure

Why an investment Fund in our Family business ?

Bring Equity

Improve Debt/Equity ratio

Share Financial Risk

Sustain Growth

Preserve Family Assets

Be ready for the future (more share

holders through family growth)

Reduce risks of potential conflicts

between shareholders

Changes Observed

Management & Corporate Governance level…

Monthly Bizz Meeting

Proactive Board Meeting

Improved Operations

More Effective Organization

Improved Disclosure and Transparency (annual report

published)

Professional management team recruited

Improved share holders and stake holders relation

Outcomes…

Updated and modernized infrastructure and equipments

Average growth rate of 20%

Income after tax 8%

Fast growing EBITDA

Increased wages

dividends distributed for the third year

Africinvest Added Value

Act as a Catalyst of Organizational

Adjustments

Sustain and Monitor agreed action

plans

Committed Team

Fast decision process

Networking

Last but not Least

Transparency

Help catch New Opportunities

Management Added Value

Next Step ……

List the company in

November at the Algerian

Stock Exchange

Private Equity in Africa

Low and Mid cap

opportunities

IRR must be capped and

linked to the average GDP

Thank You