The valuation of yas island, abu dhabi & the ferrari theme park

1. The Ferrari Theme Park The Yas Island Project Finance

2. Yas Island occupies a total land area of 2,500 hectares 1,700 hectares is claimed for development Island will feature attractions such as a world-class motor sports racetrack, signature hotels, the Ferrari theme park, Water Park, and the Abu Dhabi destination retail development of 300,000 sq m retail area Unique International tourist destination expected to complete by 2014 The Yas Island

3. Work on Yas Marina Circuit began in February 2007, and has included: Employing a workforce of 14,000 Investing 35 million man hours Shifting 1.6 million cubic meters of earthwork Laying 720,000 square meters of asphalt Pouring 225,000 cubic meters of concrete Installing 30 kilometres of special electronic ducts Installing 25 kilometres of electrical cabling Installing 17 kilometres of drainage Installing 22 kilometres of irrigation piping Landscaping 430,000 square meters of ground Planting 5,000 trees Setting 40 kilometres of curb-stones Yas-Marina Circuit

4. Outlook

5. Project Valued at USD 100+ billion Categorized sector: Real Estate | Leisure & Entertainment Financing Sources: Abu Dhabi Ministry of Presidential affairs, Abu Dhabi Investment Authority, BNP Paribas, Mashreq Bank, and HSBC are the project financiers. Value & Financing

6. A project of records The largest indoor theme park and housing the fastest roller coaster in the world it is also the largest standing seam metal roof in the world The roof only is over 200.000 m2 whereas the total project volume including aluminum façade covering is approximately 300.000 m2. The equivalent of 50 football pitches! The Ferrari Theme Park

7. Outlook

8. Project Valued at USD 40 billion Categorized sector: Leisure & Entertainment Financing Sources: BNP Paribas, Mashreq Bank, and HSBC are the project financiers. Value & Financing

9. Investment Break-up

10. Started in 2006 the project called in for a AED 1,452.3 million Net asset value moved by 99% to AED 1,566.6 million in a 12-months period of time Developments under construction increased in value by 175.3 percent to AED 22,934.3 million from AED 8,332.0 million at end 2007 Finance structure

11. Post MoU of NIB & Aldar and Sorouh real estate in 2008, 90% of financing to YAS was done by NIB By mid-2009, the ferrari theme park was up & running The value of developments under construction increased by 119.2% to AED 18,260.1 million (2008: AED 8,332 million) Finance Structure

12. Thank You