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Lanitis Group Organizational Structure. The Lanitis Group of Companies. Cybarco. Water Mania. NP Lanitis. Cyprus Popular Bank. Lanitis Development Ltd. Amathus Navigation. Lanitis Farm. Citrus. Waterpark. Fertilisers Electrical. 10%. Amathus Beach Hotel
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Lanitis Group Organizational Structure The Lanitis Group of Companies Cybarco Water Mania NP Lanitis Cyprus Popular Bank Lanitis Development Ltd Amathus Navigation Lanitis Farm Citrus Waterpark Fertilisers Electrical 10% Amathus Beach Hotel Paphos Amathus Hotel Rodia Beach Hotel Aviation Shipping Tourism Holidays (UK) Construction Development Aphrodite Hills Other Projects Aphrodite Hills Other Projects
Lanitis Development Strategy LANITIS DEVELOPMENT LTD APHRODITE PROJECT 2 PROJECT 3 PROJECT 4 HOTEL Vacation Club SPA GOLF REAL ESTATE Property Management
Board of Directors • Platon E. Lanitis President of Lanitis Group • Marios E. Lanitis Executive Director of Lanitis E.C Holdings • Costas E. Lanitis Chairman of Claridge Investments Ltd • Spyros Papas Director Global Finance SA • Ioannis C. Archontides Vice-Chairman of Amathus Navigation • Tony Yerolemou Chairman and Managing Director of Katsouris Fresh Foods Ltd • Aliki Eliades Pantelides Owner of Vasos Eliades Ltd • Michalakis Hadjikyriakos Executive Director of Thamira Food MFRS Ltd (Bakandys)
Capital Structure Capital Structure Equity 35,164,000 Debt 34,000,000 Major Shareholders Lanitis Estates 45% David Family 9% Global Finance SA 13% Private Placement 33% Debt Commitment Bank of Cyprus 9,000,000 Cyprus Popular Bank 9,000,000 Hellenic Bank 7,000,000 Alpha Bank 6,000,000 Commercial Bank of Greece 3,000,000 TOTAL DEBT 34,000,000
Current Organizational Structure LANITIS GROUP = 45% DAVID FAMILY = 9% GLOBAL FINANCE SA = 13% OTHER = 33% - Property Management - Rentals Real Estate Golf and Clubhouse Aphrodite Vacation Club - Spa & Tennis Academy - Village Square Hotel
Aphrodite Hills • 300 metres from the sea • 15 minutes fromPafos International Airport • 234 hectares of spectacular landscape • 6,000 olive and carob trees • 340 days of sunshine every year!
Touristic Development Tennis Academy Clubhouse Health & Spa Shops & Restaurants 418 Villa Plots Inter-Continental Hotel Specific Areas of the Resort 400 Apartments & Townhouses
Sales progress report up to July 2003 Accumulated
Sales Analysis Up to June 2003
Aphrodite Hills Property Management Ltd • Purpose is to offer After Sales and Property Management Ltd to Real Estate Owners • Operational since 1st May 2003. • Services Include: • Property Management • Bill of Payments • Housekeeping/Maid Service • Garden Maintenance • Pool Maintenance • Security Services • Hire Items
BRITISH OLYMPIC ASSOCIATION (BOA) • British athletes to use AH as their advanced camp and site for Athens 2004 Olympics. • Athletes will be staying on-site during following periods: • August 9-13, 2003: 13 athletes • May 3-31, 2004: 30 athletes • July 25-August 25, 2004: up to 112 athletes • Special Arrangements with Clubhouse & BOA’s nutritional therapist for special dietary needs. • Training to be done at Aphrodite Hills & surrounding areas.
Projects Under Consideration • Project 1 • Project 2 • Project 3