An attractive value proposition for 2 types of investors

with distinct conditions

Strategic Investors

Strong involvement and privileged conditions

External Investors

Involvement limited to funding and standard conditions

An attractive and transparent remuneration

model for investors

Origination fee

(on the amounts invested by external investors)

Management fees

(related to project management / operational monitoring)

Success fees

(On overperformance vs Threshold pour les investisseurs externes)

A clearly defined investment charter at 2 levels

A CHOICE OF SECTORS AT 3 LEVELS

Favourable funding trends

(including underlying socio-demographic factors, potential for sophistication of local supply)

Naos added value

(incl. track record of associates, access to sector studies, export potential or link to public development plans)

Clearly identified exit opportunities

(including investment funds)

SELECTION CRITERIA DEFINED AT 4 LEVELS

CAPEX of 20-50 MMAD

Project IRR >20%.

(net of management fees)

Target maturity: 5-10 years

Greenfield Priority

but remains opportunistic on the Brownfield/Turnaround…

A unique positioning and a « skin in the game » mindset