HOW WE CREATE VALUE
FOR STAKEHOLDERS

Group Structure

Woven | Aquarelle, Laguna
Knits | Tropic, CDL
Knitwear | Floreal, FSM

Sunlife | Sugar Beach, La Pirogue, Long Beach, Ambre
Branded | Four Seasons Mauritius at Anahita, Shangri La Le Touessrok Resort & Spa
Tour Operators | Solea, World Leisure Holiday
Anahita Residences & Villas

Bank One
BNI MADAGASCAR
MITCO
CIEL Corporate Services Ltd
- Azur Financial Services
- EM Insurance Brokers

CIEL Properties Development
Evolis Properties
Ferney

C-Care Mauritius
C-Care Uganda

Alteo Group
- Alteo Limited (Mauritius)
- MIWA Sugar Limited (East Africa)

CIEL knows that creating value cannot be limited to merely maximising today’s share price. Value creation starts with enabling genuine progress and instilling excellence throughout the organisation. Our value proposition is deeply rooted in the talent of our People, our well-balanced geographic footprint and diversified portfolio.

Woven: Aquarelle, Laguna
Knits: Tropic, CDL
Knitwear: Floreal, FSM

Bank One, BNI MADAGASCAR, MITCO, CIEL Corporate Services Ltd: Azur Financial Services, EM Insurance Brokers

C-Care Mauritius
C-Care Uganda
C-Lab

Sunlife | Sugar Beach, La Pirogue, Long Beach, Ambre
Branded: Four Seasons Mauritius at Anahita, Shangri La Le Touessrok Resort & Spa
Tour Operators: Solea, World Leisure Holiday
Anahita Residences & Villas

CIEL Properties Development
Evolis Properties
Ferney

Alteo Group: Alteo Limited (Mauritius), MIWA Sugar Limited (East Africa)

A STRATEGIC PRESENCE
IN EMERGING MARKETS

A UNIQUE PORTFOLIO OF BRANDS

A STRONG NETWORK OF GLOBAL PARTNERS

DEVELOPMENT FINANCE INSTITUTIONS

FAMILY INVESTMENT HOLDING COMPANIES

RECOGNISED INDUSTRY PLAYERS

PRIVATE EQUITY FUNDS

FAMILY INVESTMENT HOLDING COMPANIES

DEVELOPMENT FINANCE INSTITUTIONS

RECOGNISED INDUSTRY PLAYERS

PRIVATE EQUITY FUNDS

OUR INVESTMENT APPROACH

Describes what we do.

We build sustainable businesses around our purpose: For A World We Can All Feel Proud Of.

Our key contribution is to invest in businesses that benefit from our capital and expertise. By succeeding in this, we will create long-term value for our clients, employees, partners, shareholders and society.

As pioneers in industrials (value) to services (growth), we make long-term investments in companies that can benefit from our capital allocation and expertise. We do this through controlling stakes or through partnerships and joint ventures

Resources going into business model (inputs)
- Capital allocation
- Expertise
- Diverse talent
- Innovation
- ESG strategies
CIEL provides strategic direction to management teams on key issues, holds them accountable to their business models and ensures good governance in operations, whilst allowing space for entrepreneurial attitude. Entrepreneurship, incentivisation, decentralised management and communication are the keys to our success
We build and test new business models in Mauritius and Madagascar and perfect core capabilities of companies to become #1 in each of our sectors (strategic ambition). We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process
Once we have developed core competencies and skills that are replicable, we take the model and expand into developing industries and growth countries. We then follow our strategic ambition by focusing on the business model and customer experience
We then execute commercially through a market-fit approach to ensure the sustainable success of CIEL’s portfolio by driving operational excellence, shared learnings, building scale and increasing profits that benefit all our stakeholders

VALUE FOR STAKEHOLDERS (OUTCOMES)
- Customer satisfaction
- Sustainable returns for
  shareholders
- Growth in services clusters
- Value creation in industrials
  and property
- Approx. 38,000 employment
  contracts /employee engagement
- Approx MUR 348M paid in taxes