2013 OHbl

GROWTH: CONFIDENCE 2013 MONGOLIAN CEO SURVEY THE MNINES Mongolian CEOS' short-term growth optimism has dropped in 2013 to the level below that of their Global peers. HOW CONFIDENT ARE YOU ABOUT YOUR COMPANY'S PROSPECTS FOR REVENUE GROWTH OVER THE NEXT 12 MONTHS? GROWTH: SOURCES WHAT DOES THE MONGOLIAN Just as the overall confidence in short-term growth, the confidence in BUSINESS LEADERS SAY ? inorganic growth through the local market is also shrinking. Increased reliance on internal sources of financing I Very Confident HOW DO YOU PLAN TO FINANCE FUTURE GROWTH? source: pwc PricewaterhouseCoopers 36 60 FIX OPERATIONS AND ATTRACT NEW CUSTOMERS I Mongolia 2012 | Mongolia 2013 77 % Internally generated cash flow 65 % Mongolia 2013 Global 2013 Mongolia 2012 55 % Increase in When it comes to priorities in investments the Mongolian CEOS share the views of their Global counterparts. 32 % With a happier outlook over the next 3 years shareholder equity HOW CONFIDENT ARE YOU ABOUT YOUR COMPANY'S PROSPECTS FOR REVENUE GROWTH OVER THE NEXT 3 YEARS? Bank 35 % WHAT ARE YOUR TOP 3 INVESTMENT PRIORITIES IN THE NEXT 12 MONTHS? lending 32 % 29 % Private equity or venture capital 26 % Growing your customer base Debt or equity raising on the capital markets 23 % I Improving operational effectiveness 19 % I Very Confident I Enhancing customer service 53 Other type of lending 10 % 16 % 46 83 37 % 41 % Divestiture / sale of existing assets 10 % GLOBAL 2013 3 % MONGOLIA 2013 6 % Mongolia 2012 Mongolia 2013 Government Global 2013 6 % or donor company grants or subsidies 38 % infographic by Promotion Craft Copyright © 2013 BUSINESS COUNCIL OF MONGOLIA 36 % % L7 21%