Egyptian Exchange
06:00:00 2024-05-13 pm EDT
5-day change
1st Jan Change
9.95
EGP
+1.74%
-6.31%
+25.95%
GB Auto E : Financial Summary Breakdown3Q2022
2010
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
Cash
173.9
1,063.50
1,013.10
828.5
Net Accounts Receivable
521.2
551.6
612.4
692
Inventory
1,180.40
1,450.90
1,642.30
1,661.10
Assets Held For Sale
Other Current Assets
393.6
595.9
418.6
411.6
Total Current Assets
2,269.10
3,661.90
3,686.40
3,593.20
Net Fixed Assets
1,437.30
1,506.70
1,558.20
1,518.50
Goodwill and Intangible Assets
184.8
183.7
182.7
181.7
Lessor Assets
169.6
Investment Property
5.4
Other Long-Term Assets
55.4
55.6
56.3
49.8
Total Long-Term Assets
1,677.50
1,746.00
1,797.20
1,925.00
Total Assets
3,946.60
5,407.90
5,483.60
5,518.20
Short-Term Notes and Debt
841.2
1,197.60
1,003.30
837.5
Accounts Payable
972.2
1005.6
1,087.80
1,204.60
Other Current Liabilities
107.5
90.2
207.3
122.4
Total Current Liabilities
1,920.90
2,293.40
2,298.40
2,164.50
Long-Term Notes and Debt
39.2
1,035.20
1,032.40
1,049.80
Other Long-Term Liabilities
58.8
50.9
50.5
86.5
Total Long-Term Liabilities
98
1086.1
1082.9
1136.3
Minority Interest
67.7
95.1
98.1
222.5
Common Stock
131.3
131.3
131.3
131.3
Shares Held With the Group
-3.3
-3.3
-3.3
-3.3
Legal Reserve
154.8
160
158.5
185.7
Other Reserves
1,031.20
1,026.80
1,026.30
1,028.40
Retained Earnings (Losses)
546
618.5
691.4
652.8
Total Shareholder's Equity
1860
1933.3
2004.2
1994.9
Total Liabilities and Shareholder's Equity
3,946.60
5,407.90
5,483.60
5,518.20
Income Statement
Q1
Q2
Q3
Q4
2010
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
0.00
Revenues
1,326.5
1,739.8
2,045.5
1,762.0
6,873.8
0.00
0.00
1,326.5
3,066.3
5,111.8
6,873.8
0.00
COGS
1,135.1
1,504.2
1,805.1
1,544.1
5,988.4
0.00
0.00
1,135.1
2,639.3
4,444.3
5,988.4
0.00
Gross Profit
191.4
235.6
240.4
217.9
885.4
0.00
0.00
191.4
427.0
667.5
885.4
0.00
Gross Profit Margin
14.4%
13.5%
11.8%
12.4%
12.9%
0.00
0.00
14.4%
13.9%
13.1%
12.9%
0.00
0.00
0.00
0.00
Selling & Marketing
(37.4)
(53.8)
(61.4)
(60.2)
(212.8)
-0
-0
(37.4)
(91.2)
(152.6)
(212.8)
0.00
Administration Expenses
(30.6)
(29.1)
(35.1)
(53.8)
(148.6)
-0
-0
(30.6)
(59.7)
(94.8)
(148.6)
0.00
Other Operating Income (Expense)
6.9
9.2
6.2
10.8
33.0
0.00
0.00
6.9
16.1
22.2
33.0
0.00
Operating Profit
130.4
161.8
150.1
114.7
557.0
0.00
0.00
130.4
292.2
442.3
557.0
0.00
Operating Profit Margin
9.8%
9.3%
7.3%
6.5%
8.1%
0.00
0.00
9.8%
9.5%
8.7%
8.1%
0.00
0.00
0.00
0.00
Net Provisions
(10.2)
(8.0)
(5.6)
(5.5)
(29.3)
-0
-0
(10.2)
(18.2)
(23.8)
(29.3)
0.00
EBIT
120.2
153.8
144.4
109.3
527.7
0.00
0.00
120.2
274.0
418.5
527.7
0.00
EBIT margin
9.1%
8.8%
7.1%
6.2%
7.7%
-0.00
0.00
9.1%
8.9%
8.2%
7.7%
0.00
0.00
0.00
0.00
Forex
1.3
(7.5)
5.9
(3.9)
(4.2)
-0
-0
1.3
(6.2)
(0.3)
(4.2)
0.00
Net Interest
(35.8)
(47.8)
(58.0)
(25.1)
(166.8)
-0
-0
(35.8)
(83.7)
(141.7)
(166.8)
0.00
Earnings Before Tax
85.6
98.5
92.4
80.3
356.7
-0.00
0.00
85.6
184.1
276.5
356.7
0.00
0.00
0.00
0.00
Taxes
(16.9)
(21.8)
(18.9)
(15.2)
(72.8)
-0
-0
(16.9)
(38.7)
(57.6)
(72.8)
-0
Net Profit before Minority Interest
68.8
76.6
73.5
65.1
284.0
-0.00
0.00
68.8
145.4
218.9
284.0
0.00
-0
-0
0.00
Minority Interest
(0.1)
1.1
(2.1)
(25.0)
(26.1)
-0
-0
(0.1)
1.0
(1.1)
(26.1)
0.00
Net income
68.7
77.7
71.4
40.1
257.9
-0.00
0.00
68.7
146.4
217.8
257.9
0.00
Net profit margin
5.2%
4.5%
3.5%
2.3%
3.8%
-0.00
0.00
5.2%
4.8%
4.3%
3.8%
0.00
0.00
0.00
0.00
Cash Flow Statement
0.00
(LE million)
Q1
Q2
Q3
Q4
0.00
Cash flows from operating activities
0.00
Net profit before tax
68,676
146,357
217,796
356,746
0.00
Adjustments:
0.00
Interest expense
16,881
38,727
57,607
210,331
0.00
Depreciation and amortization
15,683
36,530
55,958
79,105
0.00
Provisions - net
1,681
18596
23,783
29,312
0.00
Stock option fair value for the managing director
8,496
0.00
Bond issue cost amortization
1,714
0.00
Impairement losses
Loss on sale at assets held for sale
(Gain) / loss on sale of property and equipments
1,947
4,934
5,807
1,156
Interest income
140,688
(39,369)
Loans interest expense capitalized on property, plant and equipment
(18,916)
Deferred revenue amortization - Sale and lease back
(6,424)
0.00
Deferred revenue amortization - Marketing contract
(2,401)
0.00
Gain for the re-valuation of investments property
223
423
0.00
Loss on sale of treasury shares
0.00
Gain/loss on sale of property and equipments
0.00
Gain on sale of investment property
171
423
0.00
Fair value of foreign currency swap contracts
803
(1,150)
(7,598)
(8,724)
0.00
Minority Interest
(978)
(1,090)
0.00
Net profit before changes in working capital
114,338
243,239
493,374
602,953
0.00
Changes in working capital
0.00
Inventories
3,586
(273,252)
(458,291)
(480,161)
0.00
Accounts and notes receivables
(3,966)
(27,636)
(83,887)
(156,041)
0.00
Debtors and other debit balances
(125,723)
(299,702)
(171,359)
(136,294)
0.00
Dividence Paid
(131,258)
0.00
Due from related parties
(19,582)
(48,644)
0.00
Due to related parties
(2,085)
234
99,682
8,433
Trade payables other credit balances
158,031
337,103
413,849
476,975
0.00
Cash flow generated from operating
124,599
(199,916)
293,368
315,865
0.00
Provisions used
(3,240)
(15,327)
(21,652)
(31,766)
0.00
Income tax paid during the year
(12,145)
(58,372)
(65,866)
0.00
Interest paid
(42,548)
(169,834)
(210,331)
0.00
Net cash flow (used in) generated from operating activities
121,359
(269,936)
43,510
7,902
0.00
0.00
Cash flows from investing activities
0.00
Payments for projects under constructions
(257,790)
0.00
Purchase of property, plant and equipment
(89,411)
(185,845)
(258,055)
(142,620)
0.00
Purchase of intangible assets
(1,557)
(1,614)
(1,634)
(1,623)
0.00
Interest received
29,146
39,369
0.00
Proceeds from sale of property, plant and equipment
2,234
716
2,217
14,392
0.00
Proceeds from sale of investments property
1,600
1,655
1,664
0.00
Proceeds from sale at assets held for sale
0.00
Treasury bills
(292,116)
Payment under investment
0.00
Net cash flow used in investing activities
(87,134)
(477,204)
(228,326)
(346,608)
0.00
0.00
Cash flows from financing activities
0.00
Loans and borrowings
(5,898)
351,481
150,147
85,134
0.00
Proceeds from minority share subsidiaries capital
1,000
29,475
32,655
129,659
Dividends paid
(131,258)
(176,911)
Bonds liabilities
991,000
990,735
988,000
Proceed from sale of treasury shares
long term Liability- land Installements
0.00
Long-term notes payables
2,864
787
(4,793)
(6,173)
0.00
Treasury Shares
0.00
Proceed from issue of bond liabilities
0.00
Transaction Cost
15,147
116
0.00
Net cash flow generated from financing activities
(2,034)
1,372,743
1,052,633
1,019,825
0.00
0.00
Net (decrease) / increase in cash and cash equivalents
32,191
625,603
867,817
681,119
0.00
Cash and cash equivalents at beginning of the year
141,611
141,611
141,611
141,611
0.00
Translation differences
56
4,205
3,669
5,771
0.00
Cash and cash equivalents at end of the year
173,858
771,419
1,013,097
828,501
0.00
0.00
0.00
0.00
0.00
0.00
Segmental Breakdown
0.00
0.00
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
CBU
9,269
13,781
17,094
11,780
51,924
0.00
0.00
9,269
23,050
40,144
51,924
0.00
CKD
5,125
5,206
5,761
6,347
22,439
0.00
0.00
5,125
10,331
16,092
22,439
0.00
Total Units
14,394
18,987
22,855
18,127
74,363
0.00
0.00
14,394
33,381
56,236
74,363
0.00
Total Passenger Car Revenue
995.7
1,348.9
1,689.9
1,348.5
5,383.0
0.00
0.00
995.7
2,344.6
4,034.5
5,383.0
0.00
Total Passenger Gross Profit
132.5
166.4
176.1
137.3
612.3
0.00
0.00
132.5
298.8
475.0
612.3
0.00
Passenger Cars Gross Margin
13.3%
12.3%
10.4%
10.2%
11.4%
0.00
0.00
13.3%
12.7%
11.8%
11.4%
0.00
0.00
0.00
0.00
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
CBU
7,928
7,999
9,051
6,635
31,613
0.00
0.00
7,928
15,927
24,978
31,613
0.00
CKD
5,125
5,206
5,761
6,347
22,439
0.00
0.00
5,125
10,331
16,092
22,439
0.00
Total Units
13,053
13,205
14,812
12,982
54,052
0.00
0.00
13,053
26,258
41,070
54,052
0.00
Total Egypt Passenger Car Revenue
888.8
924.8
1,032.0
942.9
3,788.6
0.00
0.00
888.8
1,813.6
2,845.6
3,788.6
0.00
Total Egypt Passenger Gross Profit
125.6
135.2
138.7
115.3
514.8
0.00
0.0
0.00
125.6
260.8
399.5
514.8
0.00
Passenger Cars Gross Margin
14.1%
14.6%
13.4%
12.2%
13.6%
0.00
0.00
14.1%
14.4%
14.0%
13.6%
0.00
0.00
0.00
0.00
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
CBU
7,928
7,770
8,848
6,421
30,967
0.00
0.00
7,928
15,698
24,546
30,967
0.00
CKD
5,125
5,206
5,761
6,347
22,439
0.00
0.00
5,125
10,331
16,092
22,439
0.00
Total Units
13,053
12,976
14,609
12,768
53,406
0.00
0.00
13,053
26,029
40,638
53,406
0.00
Total Passenger Car Revenue
888.8
896.8
1,007.8
905.0
3,698.3
0.00
0.00
888.8
1,785.6
2,793.4
3,698.3
0.00
Total Passenger Gross Profit
125.6
132.2
138.5
117.7
514.0
0.00
0.00
125.6
257.8
396.3
514.0
0.00
Passenger Cars Gross Margin
14.1%
14.7%
13.7%
13.0%
13.9%
0.00
0.00
14.1%
14.4%
14.2%
13.9%
0.00
0.00
0.00
0.00
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
CBU
0
229
203
214
646
0.00
0.00
0
229
432
646
0.00
Total Units
0
229
203
214
646
0.00
0.00
0
229
432
646
0.00
Total Mazda Car Revenue
0.0
28.0
24.2
38.0
90.2
0.00
0.00
0.0
28.0
52.2
90.2
0.00
Total Mazda Gross Profit
0.0
3.1
0.2
-2.5
0.8
0.00
0.00
0.0
3.1
3.3
0.8
0.00
Passenger Cars Gross Margin
0.0%
10.9%
0.8%
-6.5%
0.9%
0.00
0.00
0.0%
10.9%
6.2%
0.9%
0.00
0.00
0.00
0.00
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
CBU
1,341
5,782
8,043
5,145
20,311
0.00
0.00
1,341
7,123
15,166
20,311
0.00
0
0
0
0
0
0.00
0.00
0
0
0
0
0.00
Total Units
1,341
5,782
8,043
5,145
20,311
0.00
0.00
1,341
7,123
15,166
20,311
0.00
Total IRAQ Car Revenue
106.9
424.1
657.9
405.5
1,594.5
0.00
0.00
106.9
531.0
1,188.9
1,594.5
0.00
Total IRAQ Gross Profit
6.9
31.2
37.5
22.0
97.5
0.00
0.00
6.9
38.0
75.5
97.5
0.00
Passenger Cars Gross Margin
6.4%
7.3%
5.7%
5.4%
6.1%
0.00
0.00
6.4%
7.2%
6.3%
6.1%
0.00
0.00
0.00
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
Two-wheelers
1,365
1,794
3,178
1,501
7,838
0.00
0.00
1,365
3,159
6,337
7,838
0.00
Three - wheelers
8,775
9,362
9,981
12,687
40,805
0.00
0.00
8,775
18,137
28,118
40,805
0.00
Total Units
10,140
11,156
13,159
14,188
48,643
0.00
0.00
10,140
21,296
34,455
48,643
0.00
Total Two & Three Wheelers Revenues
128.1
140.9
157.0
198.8
624.7
0.00
0.00
128.1
269.0
426.0
624.7
0.00
Total Two & Three Wheelers Gross Profit
35.9
37.8
38.4
57.5
169.7
0.00
0.00
35.9
73.7
112.2
169.7
0.00
Two & Three Wheelers Gross Margin
28.0%
26.9%
24.5%
28.9%
27.2%
0.00
0.00
28.0%
27.4%
26.3%
27.2%
0.00
0.00
0.00
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
Buses (incl Exports)
179
326
206
216
927
0.00
0.00
179
505
711
927
0.00
Trucks
380
396
300
221
1,297
0.00
0.00
380
776
1,076
1,297
0.00
Tractors
0
0
0
0
0
0.00
0.00
0
0
0
0
0.00
Trailers ( incl Exports)
74
219
62
54
409
0.00
0.00
74
293
355
409
0.00
CE
6
7
6
24
43
0.00
0.00
6
13
19
43
0.00
Total Units
639.0
948.0
574.0
515.0
2,676.0
0.00
0.00
639.0
1,587.0
2,161.0
2,676.0
0.00
Total Commercial Vehicle Revenue
172.3
209.9
137.4
145.8
665.4
0.00
0.00
172.3
382.2
519.6
665.4
0.00
Total Commercial Vehicle Gross Profit
21.9
28.4
14.9
11.9
77.0
0.00
0.00
21.9
50.2
65.1
77.0
0.00
Commercial Vehicle Gross Margin
12.7%
13.5%
10.8%
8.1%
11.6%
0.00
0.00
12.7%
13.1%
12.5%
11.6%
0.00
0.00
0.00
0.00
Commercial Vehicles & Construction Equipment: Egypt
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
Buses (incl Exports)
179
326
206
216
927
0.00
0.00
179
505
711
927
0.00
Trucks
380
396
300
221
1,297
0.00
0.00
380
776
1,076
1,297
0.00
Tractors
0
0
0
0
0
0.00
0.00
0
0
0
0
0.00
Trailers ( incl Exports)
49
176
42
51
318
0.00
0.00
49
225
267
318
0.00
CE
6
7
6
24
43
0.00
0.00
6
13
19
43
0.00
Total Units
614.0
905.0
554.0
512.0
2,585.0
0.00
0.00
614.0
1,519.0
2,073.0
2,585.0
0.00
Total Egypt Commercial Vehicle Revenue
165.6
210.9
133.6
150.7
660.8
0.00
0.00
165.6
376.5
510.0
660.8
0.00
Total Egypt Commercial Vehicle Gross Profit
21.2
27.8
13.6
12.3
74.9
0.00
0.00
21.2
49.0
62.6
74.9
0.00
Commercial Vehicle Gross Margin
12.8%
13.2%
10.2%
8.1%
11.3%
0.00
0.00
12.8%
13.0%
12.3%
11.3%
0.00
0.00
0.00
0.00
Commercial Vehicles & Construction Equipment: Algeria
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
0.00
Trailers ( incl Exports)
25
43
20
3
91
0.00
0.00
25
68
88
91
0.00
Total Units
25.0
43.0
20.0
3.0
91.0
0.00
0.00
25.0
68.0
88.0
91.0
0.00
Total Algeria Commercial Vehicle Revenue
6.7
(0.9)
3.8
(5.0)
4.6
0.00
0.00
6.7
5.8
9.6
4.6
0.00
Total Algeria Commercial Vehicle Gross Profit
0.6
0.6
1.3
(0.4)
2.1
0.00
0.00
0.6
1.2
2.5
2.1
0.00
Commercial Vehicle Gross Margin
9.3%
-61.3%
33.9%
7.9%
45.1%
0.00
0.00
9.3%
20.5%
25.9%
45.1%
0.00
0.00
0.00
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
0.00
Sales Revenue
15.2
18.8
37.0
40.6
111.7
0.00
0.00
15.2
34.0
71.0
111.7
0.00
Gross Profit
3.2
3.6
6.0
5.7
18.5
0.00
0.00
3.2
6.8
12.8
18.5
0.00
Gross Margin
21.1%
19.1%
16.2%
14.0%
16.6%
0.00
0.00
21.1%
20.0%
18.0%
16.6%
0.00
0.00
0.00
0.00
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
0.00
Sales Revenue
15.2
18.8
37.0
40.6
111.7
0.00
0.00
15.2
34.0
71.0
111.7
0.00
Gross Profit
3.2
3.6
6.0
5.7
18.5
0.00
0.00
3.2
6.8
12.8
18.5
0.00
Gross Margin
21.1%
19.1%
16.2%
14.0%
16.6%
0.00
0.00
21.1%
20.0%
18.0%
16.6%
0.00
0.00
0.00
0.00
Financing Businesses Net
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
0.00
Sales Revenue
5.2
11.3
16.0
23.9
56.4
0.00
0.00
5.2
16.5
32.5
56.4
0.00
0.00
0.00
0.00
Gross Profit
2.0
2.6
4.7
9.8
19.1
0.00
0.00
2.0
4.6
9.2
19.1
0.00
Gross Margin
38.6%
22.7%
29.2%
41.1%
33.8%
0.00
0.00
38.6%
27.7%
28.5%
33.8%
0.00
0.00
0.00
0.00
Others
Q1
Q2
Q3
Q4
2010
0.00
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
0.00
Transportation
10
10
8
4
33
0.00
0.00
10
20
28
33
0.00
Sales Revenue
10.0
10.0
8.2
4.4
32.6
0.00
0.00
10.0
20.0
28.2
32.6
0.00
0.00
0.00
0.00
Transportation
(4)
(3)
0
(4)
-11
0.00
0.00
(4)
(7)
(7)
(11)
0.00
Gross Profit
(4.0)
(3.1)
0.3
(4.2)
(11.0)
0.00
0.00
(4.0)
(7.1)
(6.8)
(11.0)
0.00
Gross Margin
-40.2%
-31.1%
3.5%
-95.3%
-33.9%
0.00
0.00
-40.2%
-35.6%
-24.3%
-33.9%
0.00
2011
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2010
Cash
865.2
711.7
856.72
1010.10
828.5
Net Accounts Receivable
573.7
812.3
1058.72
790.35
692
Inventory
1935.7
1743
1305.27
1259.85
1,661.10
Assets Held For Sale
Other Current Assets
444.8
500.8
373.17
518.24
411.6
Total Current Assets
3819.4
3767.8
3593.88
3578.55
3,593.20
Net Fixed Assets
1554.1
1570.2
1600.79
1638.41
1,518.50
Goodwill and Intangible Assets
181.5
180.7
180.14
179.72
181.7
Lessor Assets
166.3
167.6
164.26
164.26
169.6
Investment Property
47.1
5.6
5.59
5.48
5.4
Other Long-Term Assets
5.4
47.5
52.3
38.85
49.8
Total Long-Term Assets
1954.4
1971.6
2003.08
2026.73
1,925.00
Total Assets
5773.8
5739.4
5596.96
5605.27
5,518.20
Short-Term Notes and Debt
1328.2
1769.5
1335.62
1351.95
837.5
Accounts Payable
1099.2
894
1129.46
1056.08
1,204.60
Other Current Liabilities
119.1
63.3
65
73.07
122.4
Total Current Liabilities
2546.5
2726.8
2530.08
2481.09
2,164.50
Long-Term Notes and Debt
1051.3
808
780.51
701.61
1,049.80
Other Long-Term Liabilities
88.9
102.1
95.97
94.64
86.5
Total Long-Term Liabilities
1140.2
910.1
876.48
796.25
1136.3
Minority Interest
230.3
241.6
252.46
343.94
222.5
Common Stock
131.3
131.3
131.26
131.26
131.3
Shares Held With the Group
-6.4
-12.7
-12.74
-12.74
-3.3
Legal Reserve
187.8
187.9
188.47
214.16
185.7
Other Reserves
1036.5
1036.4
1037.8
1036.31
1,028.40
Retained Earnings (Losses)
507.7
518.1
593.13
615.00
652.8
Total Shareholder's Equity
1856.9
1861
1937.92
1983.98
1994.9
Total Liabilities and Shareholder's Equity
5773.9
5739.5
5596.94
5605.28
5,518.20
Income Statement
Q1
Q2
Q3
Q4
2011
2010
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
0.00
Revenues
1,298.3
1,857.7
2,381.8
1,877.5
7,415.3
6,873.8
0.0
0.00
1,298.3
3,156.0
5,537.8
7,415.3
0.00
COGS
1,148.6
1,643.0
2,105.9
1,634.5
6,532.0
5,988.4
0.0
0.00
1,148.6
2,791.6
4,897.5
6,532.0
0.00
Gross Profit
149.7
214.7
275.9
243.0
883.3
885.4
0.0
0.00
149.7
364.4
640.3
883.3
0.00
Gross Profit Margin
11.5%
11.6%
11.6%
12.9%
11.9%
12.9%
0.0%
0.00
11.5%
11.5%
11.6%
11.9%
0.00
0.0%
0.00
0.00
Selling & Marketing
(54.2)
(56.3)
(51.0)
(52.6)
(214.1)
(212.8)
-0
-0
(54.2)
(110.5)
(161.5)
(214.1)
0.00
Administration Expenses
(30.9)
(33.3)
(39.4)
(49.0)
(152.6)
(148.6)
-0
-0
(30.9)
(64.2)
(103.6)
(152.6)
0.00
Other Operating Income (Expense)
5.1
6.5
4.1
4.3
20.0
33.0
0.0
0.00
5.1
11.6
15.8
20.0
0.00
Operating Profit
69.7
131.6
189.6
145.7
536.6
557.0
0.0
0.00
69.7
201.3
390.9
536.6
0.00
Operating Profit Margin
5.4%
7.1%
8.0%
7.8%
7.2%
8.1%
0.0%
0.00
5.4%
6.4%
7.1%
7.2%
0.00
0.0
0.00
0.00
Net Provisions
(0.5)
(0.7)
(2.4)
(13.7)
(17.4)
(29.3)
-0
-0
(0.5)
(1.2)
(3.6)
(17.4)
0.00
EBIT
69.2
130.9
187.2
131.9
519.2
527.7
0.0
0.00
69.2
200.1
387.3
519.2
0.00
EBIT margin
5.3%
7.0%
7.9%
7.0%
7.0%
7.7%
0.0%
0.00
5.3%
6.3%
7.0%
7.0%
0.00
0.0%
0.00
0.00
Forex
(8.3)
1.8
3.7
1.0
(1.8)
(4.2)
-0
-0
(8.3)
(6.5)
(2.8)
(1.8)
0.00
Net Interest
(43.9)
(56.1)
(52.4)
(65.1)
(217.5)
(166.8)
-0
-0
(43.9)
(100.0)
(152.4)
(217.5)
0.00
Earnings Before Tax
17.0
76.6
138.5
67.8
300.0
356.7
0.0
-0.00
17.0
93.6
232.1
300.0
0.00
0.0
0.00
0.00
Taxes
(5.4)
(14.3)
(39.0)
(18.2)
(77.0)
(72.8)
-0
-0
(5.4)
(19.8)
(58.8)
(77.0)
0.00
Net Profit before Minority Interest
11.5
62.3
99.5
49.6
223.0
284.0
0.0
-0.00
11.5
73.8
173.4
223.0
0.00
0.0
0.00
0.00
Minority Interest
(3.8)
(11.8)
(10.6)
(6.1)
(32.4)
(26.1)
-0
-0
(3.8)
(15.7)
(26.3)
(32.4)
0.00
Net income
7.7
50.5
88.9
43.6
190.6
257.9
0.0
-0.00
7.7
58.2
147.1
190.6
0.00
Net profit margin
0.6%
2.7%
3.7%
2.3%
2.6%
3.8%
0.0
-0.00
0.6%
1.8%
2.7%
2.6%
0.00
0
0.00
0.00
Cash Flow Statement
ERROR:#REF!
0.00
0.00
(LE million)
Q1
Q2
Q3
Q4
2010
ERROR:#REF!
0.00
0.00
Cash flows from operating activities
ERROR:#REF!
0.00
0.00
Net profit before tax
16,962
58,166
147,065
299,995
356,746
ERROR:#REF!
0.00
0.00
Adjustments:
ERROR:#REF!
0.00
0.00
Interest expense
52,907
19,760
58,789
261,760
210,331
ERROR:#REF!
0.00
0.00
Depreciation and amortization
24,526
59,863
94,473
134,674
79,105
ERROR:#REF!
0.00
0.00
Provisions - net
491
1,382
2,039
16,168
29,312
ERROR:#REF!
0.00
0.00
Stock option fair value for the managing director
2,052
4,693
ERROR:#REF!
0.00
0.00
Bond issue cost amortization
2,572
1,714
ERROR:#REF!
0.00
0.00
Impairement losses
1,187
Loss on sale at assets held for sale
(Gain) / loss on sale of property and equipments
133
2,484
419
345
1,156
Interest income
(7,988)
153,701
(44,298)
(39,369)
Loans interest expense capitalized on property, plant and equipment
(705)
(28,230)
(18,916)
Deferred revenue amortization - Sale and lease back
(1,606)
(6,424)
(6,424)
ERROR:#REF!
0.00
0.00
Deferred revenue amortization - Marketing contract
(300)
(1,200)
(2,401)
ERROR:#REF!
0.00
0.00
Gain for the re-valuation of investments property
(153)
(153)
(45)
423
ERROR:#REF!
0.00
0.00
Loss on sale of treasury shares
ERROR:#REF!
0.00
0.00
Gain/loss on sale of property and equipments
ERROR:#REF!
0.00
0.00
Gain on sale of investment property
(153)
ERROR:#REF!
0.00
0.00
Fair value of foreign currency swap contracts
(8,724)
ERROR:#REF!
0.00
0.00
Minority Interest
15,676
26,295
ERROR:#REF!
0.00
0.00
Net profit before changes in working capital
84,267
157,178
484,680
641,197
602,953
ERROR:#REF!
0.00
0.00
Changes in working capital
ERROR:#REF!
0.00
0.00
Inventories
(274,549)
(82,014)
355,847
397,298
(480,161)
ERROR:#REF!
0.00
0.00
Accounts and notes receivables
120,436
(119,111)
(368,031)
(110,078)
(156,041)
ERROR:#REF!
0.00
0.00
Debtors and other debit balances
(33,044)
(89,313)
38,405
(13,560)
(136,294)
ERROR:#REF!
0.00
0.00
Dividence Paid
ERROR:#REF!
0.00
0.00
Due from related parties
(2,118)
ERROR:#REF!
0.00
0.00
Due to related parties
(3,086)
(8,864)
(1,606)
(9,329)
8,433
Trade payables other credit balances
(220,976)
(514,089)
(121,653)
(175,141)
476,975
ERROR:#REF!
0.00
0.00
Cash flow generated from operating
(326,952)
(656,213)
387,642
728,269
315,865
ERROR:#REF!
0.00
0.00
Provisions used
(1,203)
(2,411)
(3,207)
(4,942)
(31,766)
ERROR:#REF!
0.00
0.00
Income tax paid during the year
(4,000)
(19,934)
(102,855)
(96,814)
(65,866)
ERROR:#REF!
0.00
0.00
Interest paid
(52,907)
(46,684)
(185,787)
(261,760)
(210,331)
ERROR:#REF!
0.00
0.00
Net cash flow (used in) generated from operating activities
(385,062)
(725,242)
95,793
364,753
7,902
ERROR:#REF!
0.00
0.00
ERROR:#REF!
0.00
0.00
Cash flows from investing activities
ERROR:#REF!
0.00
0.00
Payments for projects under constructions
(38,392)
(163,379)
(257,790)
ERROR:#REF!
0.00
0.00
Purchase of property, plant and equipment
(17,659)
(115,626)
(187,574)
(76,767)
(142,620)
ERROR:#REF!
0.00
0.00
Purchase of intangible assets
(704)
(705)
(709)
(725)
(1,623)
ERROR:#REF!
0.00
0.00
Interest received
7,988
32,086
44,298
39,369
ERROR:#REF!
0.00
0.00
Proceeds from sale of property, plant and equipment
749
5,246
2,859
14,392
ERROR:#REF!
0.00
0.00
Proceeds from sale of investments property
9,686
1,664
ERROR:#REF!
0.00
0.00
Proceeds from sale at assets held for sale
ERROR:#REF!
0.00
0.00
Treasury bills
Payment under investment
ERROR:#REF!
0.00
0.00
Net cash flow used in investing activities
(48,018)
(111,085)
(153,338)
(186,887)
(346,608)
ERROR:#REF!
0.00
0.00
ERROR:#REF!
0.00
0.00
Cash flows from financing activities
ERROR:#REF!
0.00
0.00
Loans and borrowings
460,384
714,982
255,203
268,914
85,134
ERROR:#REF!
0.00
0.00
Proceeds from minority share subsidiaries capital
1,000
1,006
7,134
129,659
Dividends paid
(174,244)
(184,434)
(176,911)
Bonds liabilities
1,286
1,929
(76,923)
988,000
Proceed from sale of treasury shares
(9,462)
long term Liability- land Installements
1,544
(7,371)
ERROR:#REF!
0.00
0.00
Long-term notes payables
(1,715)
(2,584)
(7,308)
(6,173)
ERROR:#REF!
0.00
0.00
Treasury Shares
(3,096)
(9,462)
(9,462)
ERROR:#REF!
0.00
0.00
Proceed from issue of bond liabilities
643
ERROR:#REF!
0.00
0.00
Transaction Cost
2,289
7,139
116
ERROR:#REF!
0.00
0.00
Net cash flow generated from financing activities
457,760
707,511
74,263
(2,142)
1,019,825
ERROR:#REF!
0.00
0.00
ERROR:#REF!
0.00
0.00
Net (decrease) / increase in cash and cash equivalents
24,680
(128,816)
16,718
175,724
681,119
ERROR:#REF!
0.00
0.00
Cash and cash equivalents at beginning of the year
828,501
828,501
828,501
828,501
141,611
ERROR:#REF!
0.00
0.00
Translation differences
12,054
12,042
11,505
5,879
5,771
ERROR:#REF!
0.00
0.00
Cash and cash equivalents at end of the year
865,235
711,727
856,724
1,010,104
828,501
ERROR:#REF!
0.00
0.00
0
0.00
0.00
Segmental Breakdown
0
0.00
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
CBU
8,843
12,996
16,454
11,810
50,103
51,924
0
0.00
8,843
21,839
38,293
50,103
0.00
CKD
3,406
4,331
5,184
4,828
17,749
22,439
0
0.00
3,406
7,737
12,921
17,749
0.00
Total Units
12,249
17,327
21,638
16,638
67,852
74,363
0
0.00
12,249
29,576
51,214
67,852
0.00
Total Passenger Car Revenue
959.3
1,432.7
1,917.2
1,432.5
5,741.9
5,383.0
0.0
0.00
959.3
2,392.1
4,309.3
5,741.9
0.00
Total Passenger Gross Profit
84.6
137.3
183.0
164.0
569.0
612.3
0.0
0.00
84.6
222.0
405.0
569.0
0.00
Passenger Cars Gross Margin
8.8%
9.6%
9.5%
11.4%
9.9%
11.4%
0.0%
0.00
8.8%
9.3%
9.4%
9.9%
0.00
0
0.00
0.00
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
CBU
2,967
6,688
8,858
6,869
25,382
31,613
0
0.00
2,967
9,655
18,513
25,382
0.00
CKD
3,406
4,331
5,184
4,828
17,749
22,439
0
0.00
3,406
7,737
12,921
17,749
0.00
Total Units
6,373
11,019
14,042
11,697
43,131
54,052
0
0.00
6,373
17,392
31,434
43,131
0.00
Total Egypt Passenger Car Revenue
478.6
883.5
1,221.7
971.7
3,555.6
3,788.6
0.0
0.00
478.6
1,362.1
2,583.9
3,555.6
0.00
Total Egypt Passenger Gross Profit
57.1
92.9
142.9
125.6
418.5
514.8
0.0
0.00
57.1
150.0
292.9
418.5
0.00
Passenger Cars Gross Margin
11.9%
10.5%
11.7%
12.9%
11.8%
13.6%
0.0%
0.00
11.9%
11.0%
11.3%
11.8%
0.00
0
0.00
0.00
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
CBU
2,900
6,537
8,591
6,849
24,877
30,967
0
0.00
2,900
9,437
18,028
24,877
0.00
CKD
3,406
4,331
5,184
4,828
17,749
22,439
0
0.00
3,406
7,737
12,921
17,749
0.00
Total Units
6,306
10,868
13,775
11,677
42,626
53,406
0
0.00
6,306
17,174
30,949
42,626
0.00
Total Passenger Car Revenue
470.9
865.7
1,195.1
969.1
3,500.8
3,698.3
0.0
0.00
470.9
1,336.7
2,531.7
3,500.8
0.00
Total Passenger Gross Profit
57.4
95.5
147.4
127.9
428.2
514.0
0.0
0.00
57.4
152.9
300.4
428.2
0.00
Passenger Cars Gross Margin
12.2%
11.0%
12.3%
13.2%
12.2%
13.9%
0.0%
0.00
12.2%
11.4%
11.9%
12.2%
0.00
0
0.00
0.00
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
CBU
67
151
267
20
505
646
0
0.00
67
218
485
505
0.00
Total Units
67
151
267
20
505
646
0
0.00
67
218
485
505
0.00
Total Mazda Car Revenue
7.7
17.8
26.6
2.7
54.8
90.2
0.0
0.00
7.7
25.5
52.1
54.8
0.00
Total Mazda Gross Profit
-0.3
-2.6
-4.5
-2.2
-9.7
0.8
0.0
0.00
-0.3
-3.0
-7.5
-9.7
0.00
Passenger Cars Gross Margin
-4.3%
-14.8%
-17.0%
-83.1%
-17.7%
0.9%
0.0%
0.00
-4.3%
-11.6%
-14.4%
-17.7%
0.00
0.0%
0.00
0.00
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
CBU
5,876
6,308
7,596
4,941
24,721
20,311
0
0.00
5,876
12,184
19,780
24,721
0.00
Total Units
5,876
6,308
7,596
4,941
24,721
20,311
0
0.00
5,876
12,184
19,780
24,721
0.00
Total IRAQ Car Revenue
480.7
549.2
695.5
460.8
2,186.3
1,594.5
0.0
0.00
480.7
1,029.9
1,725.5
2,186.3
0.00
Total IRAQ Gross Profit
27.6
44.4
40.1
38.4
150.5
97.5
0.0
0.00
27.6
72.0
112.1
150.5
0.00
Passenger Cars Gross Margin
5.7%
8.1%
5.8%
8.3%
6.9%
6.1%
0.0%
0.00
5.7%
7.0%
6.5%
6.9%
0.00
0
0.00
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
Two-wheelers
1,363
2,828
3,448
4,466
12,105
7,838.00
0
0.00
1,363
4,191
7,639
12,105
0.00
Three - wheelers
13,110
15,471
18,203
14,938
61,722
40,805.00
0
0.00
13,110
28,581
46,784
61,722
0.00
Total Units
14,473
18,299
21,651
19,404
73,827
48,643
0
0.00
14,473
32,772
54,423
73,827
0.00
Total Two & Three Wheelers Revenues
202.2
248.3
295.3
255.9
1,001.6
624.7
0.0
0.00
202.2
450.4
745.7
1,001.6
0.00
Total Two & Three Wheelers Gross Profit
55.1
62.0
75.7
61.6
254.4
169.7
0.0
0.00
55.1
117.1
192.7
254.4
0.00
Two & Three Wheelers Gross Margin
27.2%
25.0%
25.6%
24.1%
25.4%
27.2%
0.0%
0.00
27.2%
26.0%
25.8%
25.4%
0.00
0
0.00
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
Buses (incl Exports)
67
163
122
130
482
927
0
0.00
67
230
352
482
0.00
Trucks
160
67
154
161
542
1,297
0
0.00
160
227
381
542
0.00
Tractors
0
0
0
0
0
0
0
0.00
0
0
0
0
0.00
Trailers ( incl Exports)
55
31
27
14
127
409
0
0.00
55
86
113
127
0.00
CE
1
3
20
13
37
43
0
0.00
1
4
24
37
0.00
Total Units
283.0
264.0
323.0
318.0
1,188.0
2,676
0.0
0.00
283.0
547.0
870.0
1,188.0
0.00
Total Commercial Vehicle Revenue
73.7
91.0
74.7
101.0
340.5
665.4
0.0
0.00
73.7
164.7
239.4
340.5
0.00
Total Commercial Vehicle Gross Profit
(0.2)
1.8
1.3
3.4
6.3
77.0
0.0
0.00
(0.2)
1.6
2.9
6.3
0.00
Commercial Vehicle Gross Margin
-0.3%
2.0%
1.7%
3.3%
1.8%
11.6%
0.0%
0.00
-0.3%
1.0%
1.2%
1.8%
0.00
0
0.00
0.00
Commercial Vehicles & Construction Equipment: Egypt
Q1
Q2
Q3
Q4
2011
2010
0.0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
Buses (incl Exports)
67
163
122
130
482
927
0.0
0.00
67
230
352
482
0.00
Trucks
160
67
154
161
542
1,297
0.0
0.00
160
227
381
542
0.00
Tractors
0
0
0
0
0
0
0.0
0.00
0
0
0
0
0.00
Trailers ( incl Exports)
31
25
17
14
87
318
0.0
0.00
31
56
73
87
0.00
CE
1
3
20
13
37
43
0
0.00
1
4
24
37
0.00
Total Units
259.0
258.0
313.0
318.0
1,148.0
2,585
0.0
0.00
259.0
517.0
830.0
1,148.0
0.00
Total Egypt Commercial Vehicle Revenue
69.2
85.8
71.8
100.2
327.1
660.8
0.0
0.00
69.2
155.0
226.9
327.1
0.00
Total Egypt Commercial Vehicle Gross Profit
(1.5)
1.5
0.2
3.1
3.3
74.9
0.0
0.00
(1.5)
(0.0)
0.1
3.3
0.00
Commercial Vehicle Gross Margin
-2.2%
1.7%
0.2%
3.1%
1.0%
11.3%
0.0%
0.00
-2.2%
-0.0%
0.1%
1.0%
0.00
0
0.00
0.00
Commercial Vehicles & Construction Equipment: Algeria
Q1
Q2
Q3
Q4
2011
2010
0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
0.00
Trailers ( incl Exports)
24
6
10
0
40
91
0
0.00
24
30
40
40
0.00
Total Units
24.0
6.0
10.0
0.0
40.0
91
0.0
0.00
24.0
30.0
40.0
40.0
0.00
Total Algeria Commercial Vehicle Revenue
4.5
5.2
2.9
0.8
13.4
4.6
0.0
0.00
4.5
9.7
12.6
13.4
0.00
Total Algeria Commercial Vehicle Gross Profit
1.3
0.3
1.1
0.2
3.0
2.1
0.0
0.00
1.3
1.6
2.8
3.0
0.00
Commercial Vehicle Gross Margin
28.3%
6.6%
39.5%
30.6%
22.4%
45.1%
0.0%
0.00
28.3%
16.7%
21.9%
22.4%
0.00
0
0.00
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2011
2010
0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0
0.00
0.00
Sales Revenue
33.7
46.1
47.6
36.0
163.4
111.7
0.0
0.00
33.7
79.8
127.4
163.4
0.00
Gross Profit
3.8
7.6
8.4
4.8
24.6
18.5
0.0
0.00
3.8
11.4
19.8
24.6
0.00
Gross Margin
11.3%
16.6%
17.7%
13.3%
15.1%
16.6%
0.0%
0.00
11.3%
14.3%
15.6%
15.1%
0.00
0
0.00
0.00
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2011
2010
0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0
0.00
0.00
Sales Revenue
33.7
46.1
47.6
36.0
163.4
111.7
0.0
0.00
33.7
79.8
127.4
163.4
0.00
Gross Profit
3.8
7.6
8.4
4.8
24.6
18.5
0.0
0.00
3.8
11.4
19.8
24.6
0.00
Gross Margin
11.3%
16.6%
17.7%
13.3%
15.1%
16.6%
0.0%
0.00
11.3%
14.3%
15.6%
15.1%
0.00
0.0%
0.00
0.00
Financing Businesses Net
Q1
Q2
Q3
Q4
2011
2010
0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0
0.00
0.00
Sales Revenue
24.2
36.8
45.1
51.0
157.0
56.4
0.0
0.00
24.2
61.0
106.1
157.0
0.00
0
0.00
0.00
Gross Profit
7.4
8.5
10.2
11.7
37.7
19.1
0.0
0.00
7.4
15.9
26.0
37.7
0.00
Gross Margin
30.6%
23.0%
22.6%
22.9%
24.0%
33.8%
0.0%
0.00
30.6%
26.0%
24.6%
24.0%
0.00
0
0.00
0.00
Others
Q1
Q2
Q3
Q4
2011
2010
0
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0
0.00
0.00
Pre-owned Passenger Cars
0
0
0
0
0
0.0%
0
0.00
0
0
0
0
0.00
Lubricants
0
0.00
0.00
Retail
0
0
0
0
0
0.0%
0
0.00
0
0
0
0
0.00
Transportation
5
3
2
1
11
3258.0%
0
0.00
5
8
10
11
0.00
Sales Revenue
5.2
2.8
1.9
1.1
10.9
32.6
0.0
0.00
5.2
8.0
9.9
10.9
0.00
0
0.00
0.00
Pre-owned Passenger Cars
0
0
0
0
0
0.0%
0
0.00
0
0
0
0
0.00
Lubricants
0
0.00
0.00
Retail
0
0
0
0
0
0.0%
0
0.00
0
0
0
0
0.00
Transportation
(1)
(3)
(3)
(2)
-9
-1103.3%
0
0.00
(1)
(4)
(6)
(9)
0.00
Gross Profit
(1.0)
(2.5)
(2.7)
(2.4)
(8.7)
-11.0
0.0
0.00
(1.0)
(3.5)
(6.2)
(8.7)
0.00
Gross Margin
-19.2%
-92.5%
-139.5%
-228.2%
-79.1%
-33.9%
0.0%
0.00
-19.2%
-44.6%
-63.0%
-79.1%
0.00
2012
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2011
Cash
1039.1
1,023.27
1336.1
1264.7
1010.1
Net Accounts Receivable
805.5
1,094.57
783.1
781.5
790.4
Inventory
1,462.60
1,401.32
1045.3
1752.3
1259.8
Assets Held For Sale
330.0
Other Current Assets
667.8
547.33
590.0
463.5
518.2
Total Current Assets
3,975.00
4,066.49
3754.5
4592.0
3,578.55
Net Fixed Assets
1,681.10
1,751.00
1834.3
1439.1
1638.4
Goodwill and Intangible Assets
179.4
179.18
179.0
269.1
179.7
Lessor Assets
195.4
195.35
195.4
282.0
164.3
Investment Property
5.5
5.48
2.8
3.1
5.5
Other Long-Term Assets
38.3
42.61
48.6
61.2
38.9
Total Long-Term Assets
2,099.70
2,173.62
2260.1
2054.5
2,026.73
Total Assets
6,074.70
6,240.11
6014.6
6646.5
5,605.27
Short-Term Notes and Debt
1,650.80
1,741.15
1678.8
2007.0
1351.9
Accounts Payable
1,363.10
1,415.31
1296.5
1267.4
1056.1
Other Current Liabilities
116.8
124.12
71.3
77.1
73.1
Total Current Liabilities
3,130.70
3,280.58
3046.6
3351.5
2,481.09
Long-Term Notes and Debt
636.3
565.37
498.8
510.7
701.6
Other Long-Term Liabilities
106.9
118.05
122.0
253.6
94.6
Total Long-Term Liabilities
743.2
683.42
620.8
764.3
796.25
Minority Interest
347.9
373.64
378.1
424.5
343.9
Common Stock
131.1
131.15
131.1
131.2
131.3
Shares Held With the Group
-9.6
-3.28
-3.3
-3.3
-12.7
Legal Reserve
226.4
226.34
227.3
225.5
214.2
Other Reserves
1,037.70
1,034.05
1034.9
1052.1
1036.3
Retained Earnings (Losses)
467.4
514.2
579.0
700.8
615.0
Total Shareholder's Equity
1853
1902.46
1969.0
2106.3
1983.98
Total Liabilities and Shareholder's Equity
6,074.80
6,240.10
6014.5
6646.5
5,605.28
Income Statement
Q1
Q2
Q3
Q4
2012
2011
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
1,712.4
2,177.8
2,045.7
2,354.2
8,290.1
7,415.3
0.0
1,712.4
3,890.2
5,935.9
8,290.1
0.00
COGS
1,525.9
1,918.3
1,775.1
2,000.8
7,220.1
6,532.0
0.0
1,525.9
3,444.2
5,219.3
7,220.1
0.00
Gross Profit
186.5
259.6
270.6
353.4
1,070.0
883.3
0.0
186.5
446.0
716.7
1,070.0
0.00
Gross Profit Margin
10.9%
11.9%
13.2%
15.0%
12.9%
11.9%
0.0%
10.9%
11.5%
12.1%
12.9%
0.00
0.0%
0.00
Selling & Marketing
(57.9)
(61.9)
(73.1)
(93.9)
(286.9)
(214.1)
-0
(57.9)
(119.9)
(193.0)
(286.9)
0.00
Administration Expenses
(40.4)
(46.9)
(45.5)
(45.7)
(178.5)
(152.6)
-0
(40.4)
(87.3)
(132.8)
(178.5)
0.00
Other Operating Income (Expense)
5.9
7.9
6.1
7.8
27.7
20.0
0.0
5.9
13.8
19.9
27.7
0.00
Operating Profit
94.0
158.7
158.1
221.6
632.3
536.6
0.0
94.0
252.6
410.8
632.3
0.00
Operating Profit Margin
5.5%
7.3%
7.7%
9.4%
7.6%
7.2%
0.0%
5.5%
6.5%
6.9%
7.6%
0.00
0.0
0.00
Net Provisions
(1.6)
6.5
(5.9)
(16.4)
(17.3)
(17.4)
-0
(1.6)
5.0
(0.9)
(17.3)
0.00
EBIT
92.4
165.2
152.2
205.2
615.0
519.2
0.0
92.4
257.6
409.8
615.0
0.00
EBIT margin
5.4%
7.6%
7.4%
8.7%
7.4%
7.0%
0.0%
5.4%
6.6%
6.9%
7.4%
0.00
0.0%
0.00
Forex
(11.5)
(21.5)
6.3
(19.4)
(46.1)
(1.8)
-0
(11.5)
(33.0)
(26.7)
(46.1)
-0
Net Interest
(56.0)
(63.2)
(66.2)
(68.7)
(254.1)
(217.5)
-0
(56.0)
(119.2)
(185.4)
(254.1)
-0
Earnings Before Tax
24.9
80.5
92.3
117.0
314.8
300.0
0.0
24.9
105.4
197.8
314.8
0.00
0.0
0.00
Taxes
(6.3)
(6.6)
(8.8)
(17.2)
(38.9)
(77.0)
-0
(6.3)
(12.9)
(21.7)
(38.9)
0.00
Net Profit before Minority Interest
18.6
73.9
83.6
99.9
275.9
223.0
0.0
18.6
92.5
176.1
275.9
0.00
0.0
0.00
Minority Interest
(0.4)
(15.6)
(18.2)
(24.0)
(58.1)
(32.4)
-0
(0.4)
(16.0)
(34.2)
(58.1)
-0
Net income
18.2
58.3
65.4
75.9
217.8
190.6
0.0
18.2
76.5
141.9
217.8
0.00
Net profit margin
1.1%
2.7%
3.2%
3.2%
2.6%
2.6%
0.0
1.1%
2.0%
2.4%
2.6%
0.00
0
0.00
Cash Flow Statement
ERROR:#REF!
0.00
(LE million)
Q1
Q2
Q3
Q4
2011
ERROR:#REF!
0.00
Cash flows from operating activities
ERROR:#REF!
0.00
Net profit before tax
24,890
105,414
197,752
314,797
299,995
ERROR:#REF!
0.00
Adjustments:
ERROR:#REF!
0.00
Interest expense
72,820
147,282
220,344
296,985
261,760
ERROR:#REF!
0.00
Depreciation and amortization
27,337
56,793
89,266
123,582
134,674
ERROR:#REF!
0.00
Provisions - net
1,739
(4,993)
949
17,349
16,168
ERROR:#REF!
0.00
Stock option fair value for the managing director
1,364
1,364
1,364
1,364
4,693
ERROR:#REF!
0.00
Bond issue cost amortization
643
1,284
1,929
2,572
2,572
ERROR:#REF!
0.00
Impairement losses
1,187
Loss on sale at assets held for sale
(149)
-
(Gain) / loss on sale of property and equipments
80
125
2,303
345
Interest income
(10,952)
(28,109)
(34,988)
(41,072)
(44,298)
Loans interest expense capitalized on property, plant and equipment
(5,415)
(10,664)
(13,230)
(16,548)
(28,230)
Deferred revenue amortization - Sale and lease back
(1,606)
(2,677)
(4,283)
(5,889)
(6,424)
ERROR:#REF!
0.00
Deferred revenue amortization - Marketing contract
(300)
(500)
(500)
(500)
(1,200)
ERROR:#REF!
0.00
Gain for the re-valuation of investments property
(329)
(307)
(45)
ERROR:#REF!
0.00
Loss on sale of treasury shares
2,114
ERROR:#REF!
0.00
Gain/loss on sale of property and equipments
ERROR:#REF!
0.00
Gain on sale of investment property
(329)
ERROR:#REF!
0.00
Fair value of foreign currency swap contracts
ERROR:#REF!
0.00
Minority Interest
ERROR:#REF!
0.00
Net profit before changes in working capital
110,600
267,433
458,125
694,307
641,197
ERROR:#REF!
0.00
Changes in working capital
ERROR:#REF!
0.00
Inventories
(203,096)
(141,804)
214,229
(461,097)
397,298
ERROR:#REF!
0.00
Accounts and notes receivables
(13,574)
(307,388)
(153,892)
(174,004)
(110,078)
ERROR:#REF!
0.00
Debtors and other debit balances
(137,629)
6,455
(23,550)
27,595
(13,560)
ERROR:#REF!
0.00
Dividence Paid
ERROR:#REF!
0.00
Due from related parties
(1,609)
(1,570)
(2,443)
(3,084)
(2,118)
ERROR:#REF!
0.00
Due to related parties
44,255
68,527
8,328
22,396
(9,329)
Trade payables other credit balances
173,815
342,956
231,665
260,662
(175,141)
ERROR:#REF!
0.00
Cash flow generated from operating
(27,238)
234,609
732,462
366,775
728,269
ERROR:#REF!
0.00
Provisions used
(3,524)
(4,831)
(6,200)
(7,316)
(4,942)
ERROR:#REF!
0.00
Income tax paid during the year
(628)
(21,450)
(21,954)
(33,466)
(96,814)
ERROR:#REF!
0.00
Interest paid
(72,820)
(147,282)
(220,344)
(296,985)
(261,760)
ERROR:#REF!
0.00
Net cash flow (used in) generated from operating activities
(104,210)
61,046
483,964
29,008
364,753
ERROR:#REF!
0.00
ERROR:#REF!
0.00
Cash flows from investing activities
ERROR:#REF!
0.00
Payments for projects under constructions
(50,081)
(98,057)
(203,236)
(147,471)
(163,379)
ERROR:#REF!
0.00
Purchase of property, plant and equipment
(47,415)
(108,562)
(122,104)
(270,386)
(76,767)
ERROR:#REF!
0.00
Purchase of intangible assets
(8)
(18)
(518)
(725)
ERROR:#REF!
0.00
Interest received
10,952
28,109
34,988
41,072
44,298
ERROR:#REF!
0.00
Proceeds from sale of property, plant and equipment
673
9,021
9,636
11,846
ERROR:#REF!
0.00
Proceeds from sale of investments property
3,000
3,000
9,686
ERROR:#REF!
0.00
Proceeds from sale at assets held for sale
-
ERROR:#REF!
0.00
Treasury bills
(163,794)
(421)
2,801
823
Payment under investment
-
ERROR:#REF!
0.00
Net cash flow used in investing activities
(249,665)
(169,918)
(274,933)
(361,634)
(186,887)
ERROR:#REF!
0.00
ERROR:#REF!
0.00
Cash flows from financing activities
ERROR:#REF!
0.00
Loans and borrowings
309,791
405,524
352,915
769,218
268,914
ERROR:#REF!
0.00
Proceeds from minority share subsidiaries capital
303
14,852
14,902
27,280
7,134
Dividends paid
(17,714)
(154,271)
4,251
(191,487)
(184,434)
Bonds liabilities
(76,923)
(153,846)
(176,531)
(307,693)
(76,923)
Proceed from sale of treasury shares
4,251
(230,769)
4,251
(9,462)
long term Liability- land Installements
(7,371)
ERROR:#REF!
0.00
Long-term notes payables
(136)
(271)
(4,791)
106,443
ERROR:#REF!
0.00
Treasury Shares
ERROR:#REF!
0.00
Proceed from issue of bond liabilities
ERROR:#REF!
0.00
Transaction Cost
ERROR:#REF!
0.00
Net cash flow generated from financing activities
215,321
116,239
(40,023)
408,012
(2,142)
ERROR:#REF!
0.00
ERROR:#REF!
0.00
Net (decrease) / increase in cash and cash equivalents
(138,554)
7,367
169,008
75,386
175,724
ERROR:#REF!
0.00
Cash and cash equivalents at beginning of the year
1,007,303
1,007,303
1,158,759
1,158,759
828,501
ERROR:#REF!
0.00
Translation differences
3,804
6,217
8,420
28,611
5,879
ERROR:#REF!
0.00
Cash and cash equivalents at end of the year
872,553
1,020,887
1,336,187
1,262,756
1,010,104
ERROR:#REF!
0.00
ERROR:#REF!
0.00
0
0.00
Segmental Breakdown
0
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
CBU
10,085
13,736
9,117
11,624
44,562
50,103
0
10,085
23,821
32,938
44,562
0.00
CKD
5,187
4,646
6,295
5,164
21,292
17,749
0
5,187
9,833
16,128
21,292
0.00
Total Units
15,272
18,382
15,412
16,788
65,854
67,852
0
15,272
33,654
49,066
65,854
0.00
Total Passenger Car Revenue
1,314.3
1,726.2
1,376.0
1,655.8
6,072.3
5,741.9
0.0
1,314.3
3,040.5
4,416.4
6,072.3
0.00
Total Passenger Gross Profit
127.0
185.9
165.2
240.9
719.0
569.0
0.0
127.0
312.9
478.1
719.0
0.00
Passenger Cars Gross Margin
9.7%
10.8%
12.0%
14.5%
11.8%
9.9%
0.0%
9.7%
10.3%
10.8%
11.8%
0.00
0
0.00
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
CBU
5,534
5,636
4,233
4,755
20,158
25,382
0
5,534
11,170
15,403
20,158
0.00
CKD
5,187
4,646
6,295
5,164
21,292
17,749
0
5,187
9,833
16,128
21,292
0.00
Total Units
10,721
10,282
10,528
9,919
41,450
43,131
0
10,721
21,003
31,531
41,450
0.00
Total Egypt Passenger Car Revenue
862.4
873.6
842.1
794.9
3,373.0
3,555.6
0.0
862.4
1,736.0
2,578.1
3,373.0
0.00
Total Egypt Passenger Gross Profit
96.9
106.2
109.8
112.6
425.6
418.5
0.0
96.9
203.1
312.9
425.6
0.00
Passenger Cars Gross Margin
11.2%
12.2%
13.0%
14.2%
12.6%
11.8%
0.0%
11.2%
11.7%
12.1%
12.6%
0.00
0
0.00
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
CBU
5,529
5,633
4,231
4,755
20,148
24,877
0
5,529
11,162
15,393
20,148
0.00
CKD
5,187
4,646
6,295
5,164
21,292
17,749
0
5,187
9,833
16,128
21,292
0.00
Total Units
10,716
10,279
10,526
9,919
41,440
42,626
0
10,716
20,995
31,521
41,440
0.00
Total Passenger Car Revenue
861.8
873.4
841.9
794.9
3,372.1
3,500.8
0.0
861.8
1,735.2
2,577.2
3,372.1
0.00
Total Passenger Gross Profit
97.0
106.3
109.9
112.6
425.7
428.2
0.0
97.0
203.2
313.1
425.7
0.00
Passenger Cars Gross Margin
11.2%
12.2%
13.0%
14.2%
12.6%
12.2%
0.0%
11.2%
11.7%
12.1%
12.6%
0.00
0
0.00
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
CBU
5
3
2
0
10
505
0
5
8
10
10
0.00
Total Units
5
3
2
0
10
505
0
5
8
10
10
0.00
Total Mazda Car Revenue
0.6
0.2
0.2
0.0
0.9
54.8
0.0
0.6
0.7
0.9
0.9
0.00
Total Mazda Gross Profit
-0.1
-0.1
-0.0
0.0
-0.2
-9.7
0.0
-0.1
-0.1
-0.2
-0.2
0.00
Passenger Cars Gross Margin
-12.3%
-33.1%
-24.4%
0.0%
-18.9%
-17.7%
0.0%
-12.3%
-17.4%
-18.9%
-18.9%
0.00
0.0%
0.00
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
CBU
4,551
8,100
4,884
6,869
24,404
24,721
0
4,551
12,651
17,535
24,404
0.00
Total Units
4,551
8,100
4,884
6,869
24,404
24,721
0
4,551
12,651
17,535
24,404
0.00
Total IRAQ Car Revenue
451.9
852.6
533.9
860.9
2,699.3
2,186.3
0.0
451.9
1,304.5
1,838.3
2,699.3
0.00
Total IRAQ Gross Profit
30.1
79.7
55.4
128.3
293.4
150.5
0.0
30.1
109.8
165.2
293.4
0.00
Passenger Cars Gross Margin
6.7%
9.3%
10.4%
14.9%
10.9%
6.9%
0.0%
6.7%
8.4%
9.0%
10.9%
0.00
0
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
Two-wheelers
6,000
7,185
10,423
10,040
33,648
12,105.00
0
6,000
13,185
23,608
33,648
0.00
Three - wheelers
7,781
11,581
23,792
25,373
68,527
61,722.00
0
7,781
19,362
43,154
68,527
0.00
Total Units
13,781
18,766
34,215
35,413
102,175
73,827
0
13,781
32,547
66,762
102,175
0.00
Total Two & Three Wheelers Revenues
158.7
221.8
396.3
432.2
1,209.0
1,001.6
0.0
158.7
380.5
776.8
1,209.0
0.00
Total Two & Three Wheelers Gross Profit
33.8
46.6
68.4
79.7
228.5
254.4
0.0
33.8
80.5
148.8
228.5
0.00
Two & Three Wheelers Gross Margin
21.3%
21.0%
17.3%
18.4%
18.9%
25.4%
0.0%
21.3%
21.1%
19.2%
18.9%
0.00
0
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
Buses (incl Exports)
100
95
196
76
467
482
0
100
195
391
467
0.00
Trucks
418
213
191
241
1,063
542
0
418
631
822
1,063
0.00
Tractors
0
0
0
51
51
0
0
0
0
0
51
0.00
Trailers ( incl Exports)
45
46
37
96
224
127
0
45
91
128
224
0.00
CE
14
6
8
17
45
37
0
14
20
28
45
0.00
Total Units
577.0
360.0
432.0
481.0
1,850.0
1,188
0.0
577.0
937.0
1,369.0
1,850.0
0.00
Total Commercial Vehicle Revenue
132.8
109.6
115.3
108.1
465.8
340.5
0.0
132.8
242.4
357.7
465.8
0.00
Total Commercial Vehicle Gross Profit
7.3
4.5
4.8
3.9
20.4
6.3
0.0
7.3
11.8
16.6
20.4
0.00
Commercial Vehicle Gross Margin
5.5%
4.1%
4.2%
3.6%
4.4%
1.8%
0.0%
5.5%
4.8%
4.6%
4.4%
0.00
0
0.00
Commercial Vehicles & Construction Equipment: Egypt
Q1
Q2
Q3
Q4
2012
2011
0.0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
Buses (incl Exports)
100
95
196
76
467
482
0.0
100
195
391
467
0.00
Trucks
418
213
191
241
1,063
542
0.0
418
631
822
1,063
0.00
Tractors
0
0
0
51
51
0
0.0
0
0
0
51
0.00
Trailers ( incl Exports)
45
46
37
96
224
87
0.0
45
91
128
224
0.00
CE
14
6
8
17
45
37
0
14
20
28
45
0.00
Total Units
577.0
360.0
432.0
481.0
1,850.0
1,148
0.0
577.0
937.0
1,369.0
1,850.0
0.00
Total Egypt Commercial Vehicle Revenue
128.6
106.9
113.6
106.5
455.6
327.1
0.0
128.6
235.5
349.1
455.6
0.00
Total Egypt Commercial Vehicle Gross Profit
6.0
4.5
4.6
3.8
18.9
3.3
0.0
6.0
10.5
15.1
18.9
0.00
Commercial Vehicle Gross Margin
4.7%
4.2%
4.0%
3.5%
4.1%
1.0%
0.0%
4.7%
4.5%
4.3%
4.1%
0.00
0
0.00
Commercial Vehicles & Construction Equipment: Algeria
Q1
Q2
Q3
Q4
2012
2011
0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
Total Units
0.0
0.0
0.0
0.0
0.0
40
0.0
0.0
0.0
0.0
0.0
0.00
Total Algeria Commercial Vehicle Revenue
4.3
2.6
1.7
1.6
10.2
13.4
0.0
4.3
6.9
8.7
10.2
0.00
Total Algeria Commercial Vehicle Gross Profit
1.2
0.0
0.2
0.1
1.6
3.0
0.0
1.2
1.2
1.4
1.6
0.00
Commercial Vehicle Gross Margin
28.5%
0.3%
12.5%
8.6%
15.5%
22.4%
0.0%
28.5%
17.8%
16.7%
15.5%
0.00
0
0.00
0
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2012
2011
0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0
0.00
Sales Revenue
64.9
61.5
80.0
71.4
277.7
163.4
0.0
64.9
126.4
206.4
277.7
0.00
Gross Profit
9.5
10.1
12.7
10.1
42.4
24.6
0.0
9.5
19.6
32.3
42.4
0.00
Gross Margin
14.6%
16.4%
15.9%
14.1%
15.3%
15.1%
0.0%
14.6%
15.5%
15.6%
15.3%
0.00
Tires Operating Profit
8.9
7.9
10.6
7.3
34.8
22.5
0.0
8.9
16.9
27.5
34.8
0.00
Operating Profit %
13.7%
12.9%
13.3%
10.3%
12.5%
13.8%
0.0%
13.7%
13.3%
13.3%
12.5%
0.00
0
0.00
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2012
2011
0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
In LE Million
0
0.00
Sales Revenue
64.9
61.5
80.0
71.4
277.7
163.4
0.0
64.9
126.4
206.4
277.7
0.00
Gross Profit
9.5
10.1
12.7
10.1
42.4
24.6
0.0
9.5
19.6
32.3
42.4
0.00
Gross Margin
14.6%
16.4%
15.9%
14.1%
15.3%
15.1%
0.0%
14.6%
15.5%
15.6%
15.3%
0.00
0.0%
0.00
Financing Businesses Net
Q1
Q2
Q3
Q4
2012
2011
0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
In LE Million
0
0.00
Sales Revenue
40.8
53.3
75.8
80.5
250.4
157.0
0.0
40.8
94.1
169.9
250.4
0.00
0
0.00
Gross Profit
11.3
14.3
21.8
21.4
68.8
37.7
0.0
11.3
25.6
47.4
68.8
0.00
Gross Margin
27.7%
26.9%
28.7%
26.6%
27.5%
24.0%
0.0%
27.7%
27.2%
27.9%
27.5%
0.00
0
0.00
Others
Q1
Q2
Q3
Q4
2012
2011
0
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0
0.00
In LE Million
0
0.00
Pre-owned Passenger Cars
0
0
0
0
0
0.0%
0
0
0
0
0
0.00
Lubricants
0
0.00
Retail
0
0
0
0
0
0.0%
0
0
0
0
0
0.00
Transportation
1
1
0
0
3
0
1
2
2
3
0.00
Sales Revenue
0.9
0.8
0.4
0.4
2.6
10.9
0.0
0.9
1.7
2.1
2.6
0.00
0
0.00
Pre-owned Passenger Cars
0
0
0
0
0
0.0%
0
0
0
0
0
0.00
Lubricants
0
0.00
Retail
0
0
0
0
0
0.0%
0
0
0
0
0
0.00
Transportation
(2)
(2)
(2)
(3)
-9
-865.8%
0
(2)
(5)
(7)
(9)
0.00
Gross Profit
(2.4)
(2.2)
(2.2)
(2.6)
(9.4)
-8.7
0.0
(2.4)
(4.6)
(6.8)
(9.4)
0.00
Gross Margin
-262.2%
-284.2%
-492.8%
-601.8%
-366.3%
-79.1%
0.0%
-262.2%
-272.4%
-318.7%
-366.3%
0.00
2013
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2012
Cash
775.9
990.9
1132.1
1085.1
1264.7
Net Accounts Receivable
1094.5
954.0
808.0
875.5
781.5
Inventory
2394.1
2221.6
2140.1
2127.6
1752.3
Assets Held For Sale
328.2
323.8
323.9
313.1
330.0
Other Current Assets
602.8
542.5
594.8
513.3
463.5
Total Current Assets
5195.5
5032.8
4999.0
4914.6
4592.0
Net Fixed Assets
1487.3
1510.2
1521.3
1710.5
1439.1
Goodwill and Intangible Assets
274.7
279.1
277.1
280.0
269.1
Lessor Assets
282.0
338.0
424.5
502.2
282.0
Investment Property
3.1
3.1
3.1
3.1
3.1
Other Long-Term Assets
245.8
276.1
303.5
204.4
61.2
Total Long-Term Assets
2292.9
2406.5
2529.4
2700.2
2054.5
Total Assets
7488.4
7439.3
7528.4
7614.9
6646.5
Short-Term Notes and Debt
2290.7
2581.1
2857.7
3095.0
2007.0
Accounts Payable
1968.4
1682.4
1503.3
1373.4
1267.4
Other Current Liabilities
77.7
113.1
70.8
84.7
77.1
Total Current Liabilities
4336.8
4376.6
4431.7
4553.0
3351.5
Long-Term Notes and Debt
432.8
361.6
365.7
217.0
510.7
Other Long-Term Liabilities
261.3
238.4
257.2
217.8
253.6
Total Long-Term Liabilities
694.1
600.0
622.9
434.8
764.3
Minority Interest
459.4
446.4
453.9
611.5
424.5
Common Stock
131.2
131.2
131.1
131.1
131.2
Shares Held With the Group
-3.3
-3.3
-3.3
-3.3
-3.3
Legal Reserve
242.3
253.8
253.8
288.7
225.5
Other Reserves
1077.3
1092.6
1088.0
1089.5
1052.1
Retained Earnings (Losses)
550.6
542.0
550.1
509.4
700.8
Total Shareholder's Equity
1998.1
2016.3
2019.8
2015.5
2106.3
Total Liabilities and Shareholder's Equity
7488.4
7439.3
7528.4
7614.9
6646.5
Income Statement
Q1
Q2
Q3
Q4
2013
2012
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
0.00
Revenues
2,081.9
2,167.7
2,058.2
2,818.9
9,126.7
8,290.1
0.00
2,081.9
4,249.7
6,307.9
9,126.7
0.00
COGS
1,764.1
1,907.7
1,813.3
2,471.4
7,956.4
7,220.1
0.00
1,764.1
3,671.8
5,485.1
7,956.4
0.00
Gross Profit
317.9
260.0
244.9
347.5
1,170.3
1,070.0
0.00
317.9
577.9
822.8
1,170.3
0.00
Gross Profit Margin
15.3%
12.0%
11.9%
12.3%
12.8%
12.9%
0.00
15.3%
13.6%
13.0%
12.8%
0.00
0.00
0.00
Selling & Marketing
(91.9)
(93.1)
(80.4)
(108.4)
(373.8)
(286.9)
-0
(91.9)
(185.0)
(265.4)
(373.8)
0.00
Administration Expenses
(46.6)
(53.9)
(55.6)
(63.4)
(219.6)
(178.5)
-0
(46.6)
(100.5)
(156.2)
(219.6)
0.00
Other Operating Income (Expense)
8.2
8.8
6.0
7.0
30.0
27.7
0.00
8.2
17.0
23.0
30.0
0.00
Operating Profit
187.6
121.8
114.9
182.6
606.9
632.3
0.00
187.6
309.4
424.3
606.9
0.00
Operating Profit Margin
9.0%
5.6%
5.6%
6.5%
6.6%
7.6%
0.00
9.0%
7.3%
6.7%
6.6%
0.00
0.00
0.00
Net Provisions
(10.2)
3.1
(6.3)
(7.0)
(20.4)
(17.3)
-0
(10.2)
(7.1)
(13.4)
(20.4)
0.00
EBIT
177.4
124.9
108.6
175.6
586.5
615.0
0.00
177.4
302.3
410.9
586.5
0.00
EBIT margin
8.5%
5.8%
5.3%
6.2%
6.4%
7.4%
0.00
8.5%
7.1%
6.5%
6.4%
0.00
0.00
0.00
Forex
(19.5)
(4.3)
3.1
3.7
(17.1)
(46.1)
-0
(19.5)
(23.9)
(20.7)
(17.1)
0.00
Net Interest
(78.2)
(89.3)
(89.6)
(98.1)
(355.2)
(254.1)
-0
(78.2)
(167.6)
(257.2)
(355.2)
0.00
Earnings Before Tax
79.6
31.2
22.1
81.2
214.2
314.8
0.0
79.6
110.9
132.9
214.2
0.00
0.00
0.00
Taxes
(12.0)
(0.1)
(1.8)
(15.9)
(29.8)
(38.9)
-0
(12.0)
(12.1)
(13.9)
(29.8)
0.00
Net Profit before Minority Interest
67.6
31.2
20.3
65.3
184.4
275.9
0.00
67.6
98.7
119.0
184.4
0.00
0.00
0.00
Minority Interest
(20.3)
(15.1)
(12.8)
(20.2)
(68.4)
(58.1)
-0
(20.3)
(35.3)
(48.1)
(68.4)
0.00
Net income
47.3
16.1
7.5
45.1
116.0
217.8
0.00
47.3
63.4
70.9
116.0
0.00
Net profit margin
2.3%
0.7%
0.4%
1.6%
1.3%
2.6%
0.00
2.3%
1.5%
1.1%
1.3%
0.00
0.00
0.00
Cash Flow Statement
0.00
0.00
(LE million)
Q1
Q2
Q3
Q4
2012
0.00
0.00
Cash flows from operating activities
0.00
0.00
Net profit before tax
79,622
110,863
132,948
214,175
314,797
0.00
0.00
Adjustments:
0.00
0.00
Interest expense
85,281
179,328
273,741
379,225
296,985
0.00
0.00
Depreciation and amortization
33,856
70,635
108,769
152,259
123,582
0.00
0.00
Provisions - net
10,181
7,099
13,399
12,400
17,349
0.00
0.00
Stock option fair value for the managing director
-
-
1,364
0.00
0.00
Bond issue cost amortization
642
1,284
1,499
2,571
2,572
0.00
0.00
Loss on sale at assets held for sale
444
4850
126
-
(Gain) / loss on sale of property and equipments
(229)
2,303
Interest income
(2,868)
(11,778)
(16,561)
(24,016)
(41,072)
Loans interest expense capitalized on property, plant and equipment
(2,882)
(5,905)
(9,005)
(11,928)
(16,548)
Deferred revenue amortization - Sale and lease back
(1,606)
(3,747)
(5,353)
(6,959)
(5,889)
Deferred revenue amortization - Marketing contract
4,584
-
(500)
0.00
0.00
Gain for the re-valuation of investments property
-
(307)
0.00
0.00
Gain/loss on sale of property and equipments
183
162
0.00
0.00
Gain on sale of investment property
-
(329)
0.00
0.00
Net profit before changes in working capital
202,853
352,791
504,021
717,624
694,307
0.00
0.00
Changes in working capital
0.00
0.00
Inventories
(642,281)
(469,756)
(380,312)
(423,784)
(461,097)
0.00
0.00
Accounts and notes receivables
(340,259)
(228,180)
(107,701)
(207,485)
(174,004)
0.00
0.00
Debtors and other debit balances
(104,219)
8,787
189,483
(27,078)
27,595
0.00
0.00
Due from related parties
(23,925)
4,138
3,313
3,443
(3,084)
0.00
0.00
Due to related parties
(17,822)
32,449
(16,360)
730
22,396
Trade payables other credit balances
545,374
417,363
243,320
126,531
260,662
0.00
0.00
Cash flow generated from operating
(380,279)
117,592
435,764
189,981
366,775
0.00
0.00
Provisions used
(1,225)
(2,728)
(3,955)
(5,739)
(7,316)
0.00
0.00
Income tax paid during the year
(4)
(9,754)
(7,967)
(12,536)
(33,466)
0.00
0.00
Interest paid
(85,281)
(179,328)
(273,741)
(377,842)
(296,985)
0.00
0.00
Net cash flow (used in) generated from operating activities
(466,789)
(74,218)
150,101
(206,136)
29,008
0.00
0.00
0.00
0.00
Cash flows from investing activities
0.00
0.00
Payments for projects under constructions
(159,940)
(43,989)
(536,579)
(82,612)
(147,471)
0.00
0.00
Purchase of property, plant and equipment
(82,043)
(214,075)
(64,695)
(872,889)
(270,386)
0.00
0.00
Purchase of intangible assets
(1,986)
(1,986)
(4,332)
(518)
0.00
0.00
Interest received
2,868
11,778
16,561
23,539
41,072
Proceeds from sale of property, plant and equipment
115
195
617
396,536
11,846
0.00
0.00
Proceeds from sale of investments property
-
-
3,000
0.00
0.00
Proceeds from sale at assets held for sale
618
618
618
1,534
-
0.00
0.00
Treasury bills
1,978
290
-
547
823
0.00
0.00
Payment under investment
(166,063)
(171,257)
0.00
0.00
Net cash flow used in investing activities
(236,404)
(413,232)
(756,721)
(537,677)
(361,634)
0.00
0.00
0.00
0.00
Cash flows from financing activities
0.00
0.00
Loans and borrowings
282,089
577,631
935,011
1,099,441
769,218
0.00
0.00
Proceeds from minority share subsidiaries capital
138,434
27,280
Dividends paid
(24,281)
(231,277)
(235,717)
(301,780)
(191,487)
Bonds liabilities
(76,922)
(153,846)
(230,768)
(307,691)
(307,693)
Proceed from sale of treasury shares
-
4,251
Long-term notes payables
55
(35,336)
(39,970)
(113,886)
106,443
0.00
0.00
(377,842)
Net cash flow generated from financing activities
180,941
157,172
428,556
136,676
408,012
0.00
0.00
0.00
0.00
Net (decrease) / increase in cash and cash equivalents
(522,252)
(330,278)
(178,064)
(229,295)
75,386
0.00
0.00
Cash and cash equivalents at beginning of the year
1,262,756
1,262,756
1,262,756
1,262,756
1,158,759
0.00
0.00
Translation differences
35,377
56,691
47,418
50,213
28,611
0.00
0.00
Cash and cash equivalents at end of the year
775,881
989,169
1,132,110
1,083,674
1,262,756
0.00
0.00
0.00
0.00
0.00
0.00
Segmental Breakdown
0.00
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
8,855
8,939
7,389
9,686
34,869
44,562
0.00
8,855
17,794
25,183
34,869
0.00
CKD
4,833
7,472
6,869
9,590
28,764
21,292
0.00
4,833
12,305
19,174
28,764
0.00
Total Units
13,688
16,411
14,258
19,276
63,633
65,854
0.00
13,688
30,099
44,357
63,633
0.00
Total Passenger Car Revenue
1,453.4
1,616.7
1,433.0
2,033.8
6,536.9
6,072.3
0.00
1,453.4
3,070.1
4,503.0
6,536.9
0.00
Total Passenger Gross Profit
212.6
175.5
151.1
227.1
766.3
719.0
0.00
212.6
388.2
539.2
766.3
0.00
Passenger Cars Gross Margin
14.6%
10.9%
10.5%
11.2%
11.7%
11.8%
0.00
14.6%
12.6%
12.0%
11.7%
0.00
0.00
0.00
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
2,199
4,506
2,416
2,983
12,104
20,158
0.00
2,199
6,705
9,121
12,104
0.00
CKD
4,833
7,472
6,869
9,590
28,764
21,292
0.00
4,833
12,305
19,174
28,764
0.00
Total Units
7,032
11,978
9,285
12,573
40,868
41,450
0.00
7,032
19,010
28,295
40,868
0.00
Total Egypt Passenger Car Revenue
648.3
1,073.0
831.9
1,147.9
3,701.1
3,373.0
0.00
648.3
1,721.3
2,553.2
3,701.1
0.00
Total Egypt Passenger Gross Profit
111.6
139.2
96.1
141.4
488.2
425.6
0.00
111.6
250.8
346.9
488.2
0.00
Passenger Cars Gross Margin
17.2%
13.0%
11.5%
12.3%
13.2%
12.6%
0.00
17.2%
14.6%
13.6%
13.2%
0.00
0.00
0.00
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
2,199
4,323
2,190
2,695
11,407
20,148
0.00
2,199
6,522
8,712
11,407
0.00
CKD
4,177
4,381
4,810
6,035
19,403
21,292
0.00
4,177
8,558
13,368
19,403
0.00
Total Units
6,376
8,704
7,000
8,730
30,810
41,440
0.00
6,376
15,080
22,080
30,810
0.00
Total Passenger Car Revenue
604.3
852.9
674.1
874.8
3,006.1
3,372.1
0.00
604.3
1,457.2
2,131.3
3,006.1
0.00
Total Passenger Gross Profit
107.2
116.7
85.8
120.6
430.4
425.7
0.00
107.2
223.9
309.8
430.4
0.00
Passenger Cars Gross Margin
17.7%
13.7%
12.7%
13.8%
14.3%
12.6%
0.00
17.7%
15.4%
14.5%
14.3%
0.00
0.00
0.00
Geely Egypt Passenger Cars
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
0
182
146
105
433
0
0.00
0
182
328
433
0.00
CKD
656
3,091
2,059
3,555
9,361
0
0.00
656
3,747
5,806
9,361
0.00
Total Units
656
3,273
2,205
3,660
9,794
0
0.00
656
3,929
6,134
9,794
0.00
Total Geely Car Revenue
44.0
220.1
148.5
250.9
663.4
0.0
0.00
44.0
264.0
412.5
663.4
0.00
Total Geely Gross Profit
4.4
22.5
8.6
18.0
53.4
0.0
0.00
4.4
26.9
35.4
53.4
0.00
Geely Cars Gross Margin
10.1%
10.2%
5.8%
7.2%
8.1%
0.0%
0.00
10.1%
10.2%
8.6%
8.1%
0.00
0.00
0.00
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
0
1
80
183
264
10
0.00
0
1
81
264
0.00
Total Units
0
1
80
183
264
10
0.00
0
1
81
264
0.00
Total Mazda Car Revenue
0.0
0.1
9.3
22.2
31.6
0.9
0.00
0.0
0.1
9.4
31.6
0.00
Total Mazda Gross Profit
0.0
0.0
1.7
2.7
4.4
-0.2
0.00
0.0
0.0
1.7
4.4
0.00
Passenger Cars Gross Margin
0.0%
0.0%
17.9%
12.3%
13.9%
-18.9%
0.00
0.0%
0.0%
17.7%
13.9%
0.00
0.00
0.00
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
6,656
4,433
4,973
6,703
22,765
24,404
0.00
6,656
11,089
16,062
22,765
0.00
Total Units
6,656
4,433
4,973
6,703
22,765
24,404
0.00
6,656
11,089
16,062
22,765
0.00
Total IRAQ Car Revenue
805.1
543.6
601.1
884.9
2,834.7
2,699.3
0.00
805.1
1,348.7
1,949.8
2,834.7
0.00
Total IRAQ Gross Profit
101.0
36.3
55.0
85.6
278.0
293.4
0.00
101.0
137.4
192.4
278.0
0.00
Passenger Cars Gross Margin
12.6%
6.7%
9.2%
9.7%
9.8%
10.9%
0.00
12.6%
10.2%
9.9%
9.8%
0.00
0.00
0.00
Passenger Car Sales Activity - Algeria
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
CBU
0
0
0
0
0
0
0.00
0
0
0
0
0.00
Total Units
0
0
0
0
0
0
0.00
0
0
0
0
0.00
Total Algeria Car Revenue
0.0
0.0
0.0
1.1
1.1
0.0
0.00
0.0
0.0
0.0
1.1
0.00
Total Algeria Gross Profit
0.0
0.0
0.0
0.0
0.0
0.0
0.00
0.0
0.0
0.0
0.0
0.00
Passenger Cars Gross Margin
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.00
0.0%
0.0%
0.0%
0.0%
0.00
0.00
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
Two-wheelers
7,325
9,059
5,671
11,180
33,235
33,648.00
0.00
7,325
16,384
22,055
33,235
0.00
Three - wheelers
16,771
8,802
14,787
20,441
60,801
68,527.00
0.00
16,771
25,573
40,360
60,801
0.00
Total Units
24,096
17,861
20,458
31,621
94,036
102,175
0.00
24,096
41,957
62,415
94,036
0.00
Total Two & Three Wheelers Revenues
313.1
217.2
286.0
412.7
1,229.0
1,209.0
0.00
313.1
530.2
816.2
1,229.0
0.00
Total Two & Three Wheelers Gross Profit
53.6
31.2
40.7
64.9
190.4
228.5
0.00
53.6
84.8
125.5
190.4
0.00
Two & Three Wheelers Gross Margin
17.1%
14.4%
14.2%
15.7%
15.5%
18.9%
0.00
17.1%
16.0%
15.4%
15.5%
0.00
0.00
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
Buses (incl Exports)
100
132
177
86
495
467
0.00
100
232
409
495
0.00
Trucks
301
212
223
354
1,090
1,063
0.00
301
513
736
1,090
0.00
Tractors
16
28
45
57
146
51
0.00
16
44
89
146
0.00
Trailers ( incl Exports)
60
15
8
5
88
224
0.00
60
75
83
88
0.00
CE
8
12
10
111
141
45
0.00
8
20
30
141
0.00
Total Units
485.0
399.0
463.0
613.0
1,960.0
1,850
0.00
485.0
884.0
1,347.0
1,960.0
0.00
Total Commercial Vehicle Revenue
116.2
110.7
125.7
128.4
481.0
465.8
0.00
116.2
226.9
352.6
481.0
0.00
Total Commercial Vehicle Gross Profit
7.6
12.2
7.7
10.4
37.9
20.4
0.00
7.6
19.8
27.5
37.9
0.00
Commercial Vehicle Gross Margin
6.6%
11.0%
6.1%
8.1%
7.9%
4.4%
0.00
6.6%
8.7%
7.8%
7.9%
0.00
0.00
0.00
Commercial Vehicles & Construction Equipment: Egypt
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
Buses (incl Exports)
100
132
177
86
495
467
0.00
100
232
409
495
0.00
Trucks
301
212
223
354
1,090
1,063
0.00
301
513
736
1,090
0.00
Tractors
16
28
45
57
146
51
0.00
16
44
89
146
0.00
Trailers ( incl Exports)
60
15
8
5
88
224
0.00
60
75
83
88
0.00
CE
8
12
10
111
141
45
0.00
8
20
30
141
0.00
Total Units
485.0
399.0
463.0
613.0
1,960.0
1,850
0.00
485.0
884.0
1,347.0
1,960.0
0.00
Total Egypt Commercial Vehicle Revenue
116.2
110.4
125.1
127.8
479.6
455.6
0.00
116.2
226.6
351.7
479.6
0.00
Total Egypt Commercial Vehicle Gross Profit
7.6
11.8
7.6
10.3
37.4
18.9
0.00
7.6
19.5
27.1
37.4
0.00
Commercial Vehicle Gross Margin
6.6%
10.7%
6.1%
8.1%
7.8%
4.1%
0.00
6.6%
8.6%
7.7%
7.8%
0.00
0.00
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
Sales Revenue
101.6
99.4
64.3
73.4
338.7
290.1
51.71
101.6
201.0
265.3
338.7
0.00
Gross Profit
16.0
16.0
11.0
11.5
54.5
42.7
3.70
16.0
32.1
43.0
54.5
0.00
Gross Margin
15.8%
16.1%
17.1%
15.7%
16.1%
14.7%
-0.01
15.8%
15.9%
16.2%
16.1%
0.00
0.00
0.00
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
Sales Revenue
101.6
99.4
64.3
71.6
336.9
277.7
0.00
101.6
201.0
265.3
336.9
0.00
Gross Profit
16.0
16.0
11.0
11.3
54.4
42.4
0.00
16.0
32.1
43.0
54.4
0.00
Gross Margin
15.8%
16.1%
17.1%
15.9%
16.1%
15.3%
0.00
15.8%
15.9%
16.2%
16.1%
0.00
0.00
0.00
Regional Tires Sales Activity
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
Sales Revenue
0.0
0.0
0.0
1.8
1.8
12.4
51.71
0.0
0.0
0.0
1.8
0.00
Gross Profit
0.0
0.0
0.0
0.2
0.2
0.4
3.70
0.0
0.0
0.0
0.2
0.00
Gross Margin
0.0%
0.0%
0.0%
9.7%
9.7%
3.0%
-0.02
0.0%
0.0%
0.0%
9.7%
0.00
0.00
0.00
Financing Businesses Net
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
0.00
Sales Revenue
85.2
110.6
135.2
154.0
485.1
250.4
0.00
85.2
195.8
331.1
485.1
0.00
0.00
0.00
Gross Profit
27.5
24.6
33.7
38.4
124.2
68.8
0.00
27.5
52.1
85.8
124.2
0.00
Gross Margin
32.3%
22.2%
24.9%
24.9%
25.6%
27.5%
0.00
32.3%
26.6%
25.9%
25.6%
0.00
0.00
0.00
Others
Q1
Q2
Q3
Q4
2013
2012
ERROR:#VALUE!
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
0.00
In LE Million
0.00
0.00
Pre-owned Passenger Cars
0
0
0
0
0
0.0%
0.00
0
0
0
0
0.00
Lubricants
0.00
0.00
Retail
0
0
0
0
0
0.0%
0.00
0
0
0
0
0.00
Transportation
3
2
2
(2)
4
257.3%
0.00
3
5
6
4
0.00
Sales Revenue
2.8
2.1
1.5
(2.0)
4.4
2.6
0.00
2.8
4.9
6.4
4.4
0.00
0.00
0.00
Pre-owned Passenger Cars
0
0
0
0
0
0.0%
0.00
0
0
0
0
0.00
Lubricants
0.00
0.00
Retail
0
0
0
0
0
0.0%
0.00
0
0
0
0
0.00
Transportation
(0)
(0)
0
(6)
-7
-942.5%
0.00
(0)
(0)
(0)
(7)
0.00
Gross Profit
(0.3)
(0.1)
0.0
(6.4)
(6.7)
-9.4
0.00
(0.3)
(0.4)
(0.4)
(6.7)
0.00
Gross Margin
-10.3%
-3.6%
0.0%
326.1%
-152.1%
-366.3%
0.00
-10.3%
-7.4%
-5.7%
-152.1%
0.00
0.00
0.00
0.00
0.00
2014
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2013
Cash
942.1
1329.7
1,377.4
1,177.6
1085.1
Net Accounts Receivable
922.7
1180.0
1,197.9
1,309.0
875.5
Inventory
2200.5
1950.0
1,916.2
2,345.7
2127.6
Assets Held For Sale
313.1
313.1
313.1
313.1
313.1
Other Current Assets
775.2
793.6
1,002.4
833.3
513.3
Total Current Assets
5153.6
5566.5
5807.0
5978.7
4914.6
Net Fixed Assets
1731.0
1770.3
1,788.3
1,829.2
1710.5
Goodwill and Intangible Assets
280.0
282.1
282.9
282.5
280.0
Lessor Assets
684.1
774.9
898.2
1,159.7
502.2
Investment Property
3.1
3.1
3.1
0.6
3.1
Other Long-Term Assets
222.3
247.6
289.9
334.5
204.4
Total Long-Term Assets
2920.5
3078.0
3262.5
3606.4
2700.2
Total Assets
8074.2
8644.5
9069.5
9585.1
7614.9
Short-Term Notes and Debt
3080.1
3763.3
3,932.8
4,144.8
3095.0
Accounts Payable
1320.5
1123.7
1,279.6
1,298.3
1373.4
Other Current Liabilities
201.8
210.7
146.5
150.4
84.7
Total Current Liabilities
4602.4
5097.7
5358.8
5593.5
4553.0
Long-Term Notes and Debt
473.1
504.0
567.9
680.9
217.0
Other Long-Term Liabilities
287.8
318.2
358.0
536.8
217.8
Total Long-Term Liabilities
761.0
822.3
925.9
1217.7
434.8
Minority Interest
641.8
631.3
646.3
637.8
611.5
Common Stock
131.1
131.1
133.4
135.3
131.1
Shares Held With the Group
-3.3
-3.3
-3.3
-3.3
-3.3
Legal Reserve
291.3
291.6
291.5
267.3
288.7
Other Reserves
1094.9
1109.8
1,133.4
1,066.8
1089.5
Retained Earnings (Losses)
554.8
564.1
583.5
670.0
509.4
Total Shareholder's Equity
2068.9
2093.3
2138.5
2136.1
2015.5
Total Liabilities and Shareholder's Equity
8074.2
8644.5
9069.5
9585.1
7614.9
Legal Reserve
Other Reserves
Retained Earnings (Losses)
Total Shareholder's Equity
Total Liabilities and Shareholder's Equity
Income Statement
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
2,667.7
3,081.5
3,081.3
3,491.5
12,322.1
9,126.7
2,667.7
5,749.2
8,830.5
12,322.1
COGS
2,306.2
2,683.5
2,672.7
3,078.1
10,740.4
7,956.4
2,306.2
4,989.7
7,662.4
10,740.4
Gross Profit
361.5
398.0
408.6
413.5
1,581.7
1,170.3
361.5
759.6
1,168.2
1,581.7
Gross Profit Margin
13.6%
12.9%
13.3%
11.8%
12.8%
12.8%
13.6%
13.2%
13.2%
12.8%
Selling & Marketing
(102.3)
(111.7)
(108.5)
(117.1)
(439.6)
(373.8)
(102.3)
(214.0)
(322.5)
(439.6)
Administration Expenses
(61.8)
(61.9)
(75.4)
(73.4)
(272.6)
(219.6)
(61.8)
(123.8)
(199.1)
(272.6)
Other Operating Income (Expense)
9.1
10.6
9.4
26.7
55.7
30.0
9.1
19.6
29.0
55.7
Operating Profit
206.4
234.9
234.2
249.6
925.2
606.9
206.4
441.4
675.6
925.2
Operating Profit Margin
7.7%
7.6%
7.6%
7.1%
7.5%
6.6%
7.7%
7.7%
7.7%
7.5%
Net Provisions
(10.4)
(17.4)
(25.8)
(14.2)
(67.8)
(20.4)
(10.4)
(27.8)
(53.6)
(67.8)
EBITDA
239.1
265.4
260.8
291.8
1,057.1
737.6
239.1
504.5
765.3
1,057.1
EBITDA margin
9.0%
8.6%
8.5%
8.4%
8.6%
8.1%
9.0%
8.8%
8.7%
8.6%
Depreciation
(43.0)
(47.9)
(52.3)
(56.4)
(199.7)
(151.1)
(43.0)
(90.9)
(143.3)
(199.7)
EBIT
196.1
217.5
208.4
235.4
857.4
586.5
196.1
413.6
622.0
857.4
EBIT margin
7.4%
7.1%
6.8%
6.7%
7.0%
6.4%
7.4%
7.2%
7.0%
7.0%
Forex
(17.9)
(50.8)
(22.7)
(65.7)
(157.1)
(17.1)
(17.9)
(68.7)
(91.4)
(157.1)
Net Interest
(89.5)
(88.6)
(96.8)
(99.5)
(374.4)
(355.2)
(89.5)
(178.1)
(274.9)
(374.4)
Earnings Before Tax
88.7
78.1
88.9
70.2
325.9
214.2
88.7
166.8
255.7
325.9
Taxes
(17.2)
(14.5)
(16.9)
(41.6)
(90.2)
(29.8)
(17.2)
(31.7)
(48.6)
(90.2)
Net Profit before Minority Interest
71.5
63.6
71.9
28.6
235.7
184.4
71.5
135.1
207.1
235.7
Minority Interest
(23.5)
(23.7)
(17.9)
3.4
(61.7)
(68.4)
(23.5)
(47.2)
(65.1)
(61.7)
Net income
48.0
39.9
54.0
32.1
174.0
116.0
48.0
87.9
141.9
174.0
Net profit margin
1.8%
1.3%
1.8%
0.9%
1.4%
1.3%
1.8%
1.5%
1.6%
1.4%
Cash Flow Statement
(LE million)
YTD-Q1
YTD-Q2
YTD-Q3
YTD-Q4
2013
Cash flows from operating activities
Net profit before tax
88,654
166,797
255667
325,896
214,175
Adjustments:
Interest expense
93,682
187,495
286,700
367,503
379,225
Depreciation and amortization
43,011
90,707
142,869
199,145
152,259
Provisions - net
4,631
28,448
60,723
60922
12,400
Impairment losses on current assets (net)
16182
Stock option fair value for the managing director
-
Bond issue cost amortization
642
2,571
2,571
11575
2,571
Impairement losses
Loss on sale at assets held for sale
22
(820)
126
(Gain) / loss on sale of property and equipments
(229)
Interest income
(4,126)
(9,387)
(91,402)
(8,961)
(24,016)
Loans interest expense capitalized on property, plant and equipment
(1,537)
-4350
(5,271)
(11,928)
Deferred revenue amortization - Sale and lease back
(1,606)
(2,677)
(9,101)
(6,959)
Deferred revenue amortization - Marketing contract
-2677
-
Gain for the re-valuation of investments property
-
Loss on sale of treasury shares
Gain/loss on sale of property and equipments
(216)
(585)
(1,227)
1110
Gain on sale of investment property
-
Fair value of foreign currency swap contracts
Minority Interest
Net profit before changes in working capital
223,157
463,369
648,874
958,180
717,624
Changes in working capital
Inventories
(66,178)
184,707
211,218
(234,189)
(423,784)
Accounts and notes receivables
(71,509)
(357,540)
(415,177)
(565,816)
(207,485)
Debtors and other debit balances
(96,554)
(43,290)
(294,691)
(276,636)
(27,078)
Dividence Paid
Due from related parties
(99,058)
(141,239)
(60,290)
(27,037)
3,443
Due to related parties
95,075
92,774
(7,953)
(6,737)
730
Trade payables other credit balances
(169,176)
(250,122)
(93,335)
(79,775)
126,531
Cash flow generated from operating
(184,243)
(51,341)
(11,354)
(232,010)
189,981
Provisions used
(1,345)
(4,258)
(6,994)
(13,155)
(5,739)
Income tax paid during the year
-
(15,175)
(18,157)
(22,306)
(12,536)
Interest paid
(93,682)
(187,495)
(286,700)
(356,358)
(377,842)
Employee Dividends
(42,240)
Net cash flow (used in) generated from operating activities
(279,270)
(258,269)
(323,205)
(666,069)
(206,136)
Cash flows from investing activities
Payments for projects under constructions
(60,319)
(87,027)
(138,037)
(82,612)
Purchase of property, plant and equipment
(257,757)
(374,614)
(548,669)
(870,859)
(872,889)
Purchase of intangible assets
(4,332)
(73)
(1,121)
(1,262)
(4,332)
Interest received
4,126
9,387
91,402
8,961
23,539
Proceeds from sale of property, plant and equipment
11,264
18,957
25,622
31,532
396,536
Proceeds from sale of investments property
-
-
Proceeds from sale at assets held for sale
-
1,400
1,534
Treasury bills
-
455
547
Acquisition of non-controlling interest
(359)
(1,230)
(1,114)
Payment under investment
Net cash flow used in investing activities
(246,699)
(406,566)
(521,023)
(969,379)
(537,677)
Cash flows from financing activities
Loans and borrowings
666,286
1,260,473
1,493,767
2,083,175
1,099,441
Proceeds from minority share subsidiaries capital
6,803
4,509
5,180
1,566
138,434
Dividends paid
(66,627)
(67,564)
(34,221)
(301,780)
Bonds liabilities
(307,691)
(307,693)
(307,693)
(316,696)
(307,691)
Proceed from sale of treasury shares
-
long term Liability- land Installements
Long-term notes payables
(90)
431
634
(150)
(113,886)
Treasury Shares
Proceed from issue of bond liabilities
Transaction Cost
(3,554)
Interest paid
(356,358)
(377,842)
Net cash flow generated from financing activities
361,754
891,093
1,124,324
1,377,316
136,676
Net (decrease) / increase in cash and cash equivalents
(164,215)
226258
280096
98226
(229,295)
Cash and cash equivalents at beginning of the year
1,083,674
1,083,674
1,085,105
1,085,105
1,262,756
Translation differences
21,139
18,789
12,241
(5,754)
50,213
Cash and cash equivalents at end of the year
940,598
132,721
1,377,442
1,177,577
1,083,674
Segmental Breakdown
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
10,587
11,536
11,038
11,484
44,645
34,869
10,587
22,123
33,161
44,645
CKD
9,509
9,769
10,094
9,763
39,135
28,764
9,509
19,278
29,372
39,135
Total Units
20,096
21,305
21,132
21,247
83,780
63,633
20,096
41,401
62,533
83,780
Total Passenger Car Revenue
1,992.8
2,326.8
2,286.7
2,303.6
8,909.9
6,536.9
1,992.8
4,319.7
6,606.3
8,909.9
Total Passenger Gross Profit
243.4
270.9
272.8
223.7
1,010.8
766.3
243.4
514.3
787.0
1,010.8
Passenger Cars Gross Margin
12.2%
11.6%
11.9%
9.7%
11.3%
11.7%
12.2%
11.9%
11.9%
11.3%
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
3,871
5,137
6,425
7,888
23,321
12,104
3,871
9,008
15,433
23,321
CKD
9,509
9,769
10,094
9,763
39,135
28,764
9,509
19,278
29,372
39,135
Total Units
13,380
14,906
16,519
17,651
62,456
40,868
13,380
28,286
44,805
62,456
Total Egypt Passenger Car Revenue
1,218.7
1,481.5
1,674.0
1,852.1
6,226.3
3,701.1
1,218.7
2,700.2
4,374.2
6,226.3
Total Egypt Passenger Gross Profit
159.6
189.9
202.3
207.9
759.8
488.2
159.6
349.5
551.8
759.8
Passenger Cars Gross Margin
13.1%
12.8%
12.1%
11.2%
12.2%
13.2%
13.1%
12.9%
12.6%
12.2%
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
3,354
4,791
5,812
7,272
21,229
11,407
3,354
8,145
13,957
21,229
CKD
5,910
6,174
6,397
5,704
24,185
19,403
5,910
12,084
18,481
24,185
Total Units
9,264
10,965
12,209
12,976
45,414
30,810
9,264
20,229
32,438
45,414
Total Passenger Car Revenue
934.6
1,200.6
1,349.6
1,496.9
4,981.7
3,006.1
934.6
2,135.2
3,484.8
4,981.7
Total Passenger Gross Profit
135.6
167.3
174.4
171.3
648.6
430.4
135.6
302.9
477.3
648.6
Passenger Cars Gross Margin
14.5%
13.9%
12.9%
11.4%
13.0%
14.3%
14.5%
14.2%
13.7%
13.0%
Geely Egypt Passenger Cars
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
411
206
369
283
1,269
433
411
617
986
1,269
CKD
3,599
3,595
3,697
4,059
14,950
9,361
3,599
7,194
10,891
14,950
Total Units
4,010
3,801
4,066
4,342
16,219
9,794
4,010
7,811
11,877
16,219
Total Geely Car Revenue
270.8
263.7
284.9
301.2
1,120.6
663.4
270.8
534.5
819.4
1,120.6
Total Geely Gross Profit
21.5
19.8
22.5
26.2
90.0
53.4
21.5
41.3
63.8
90.0
Geely Cars Gross Margin
7.9%
7.5%
7.9%
8.7%
8.0%
8.1%
7.9%
7.7%
7.8%
8.0%
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
106
140
244
333
823
264
106
246
490
823
0
0
0
0
0
0
0
0
0
0
Total Units
106
140
244
333
823
264
106
246
490
823
Total Mazda Car Revenue
13.3
17.2
39.4
54.0
124.0
31.6
13.3
30.6
70.0
124.0
Total Mazda Gross Profit
2.5
2.9
5.3
10.4
21.2
4.4
2.5
5.4
10.7
21.2
Passenger Cars Gross Margin
18.9%
16.6%
13.6%
19.3%
17.1%
13.9%
18.9%
17.6%
15.3%
17.1%
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
5,329
6,204
4,608
3,465
19,606
22,765
5,329
11,533
16,141
19,606
0
0
0
0
0
0
0
0
0
0
Total Units
5,329
6,204
4,608
3,465
19,606
22,765
5,329
11,533
16,141
19,606
Total IRAQ Car Revenue
681.1
824.8
610.7
437.8
2,554.4
2,834.7
681.1
1,505.9
2,116.6
2,554.4
Total IRAQ Gross Profit
81.2
80.7
69.7
18.2
249.8
278.0
81.2
161.9
231.6
249.8
Passenger Cars Gross Margin
11.9%
9.8%
11.4%
4.2%
9.8%
9.8%
11.9%
10.7%
10.9%
9.8%
Passenger Car Sales Activity - Algeria
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
0
0
0
0
0
0
0
0
0
0
Total Units
0
0
0
0
0
0
0
0
0
0
Total Algeria Car Revenue
0.7
1.4
1.8
6.9
10.7
1.1
0.7
2.1
3.9
10.7
Total Algeria Gross Profit
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Passenger Cars Gross Margin
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Passenger Car Sales Activity - Libya
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
1,387
195
5
131
1,718
0
1,387
1,582
1,587
1,718
Total Units
1,387
195
5
131
1,718
0
1,387
1,582
1,587
1,718
Total Libya Car Revenue
92.3
19.1
0.2
6.8
118.5
0.0
92.3
111.4
111.6
118.5
Total Libya Gross Profit
3.1
-0.1
-0.1
-2.1
0.8
0.0
3.1
3.0
2.9
0.8
Passenger Cars Gross Margin
3.3%
-0.5%
-24.3%
-30.5%
0.7%
0.0%
3.3%
2.7%
2.6%
0.7%
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Two-wheelers
6,739
6,499
9,826
13,737
36,801
33,235.00
6,739
13,238
23,064
36,801
Three - wheelers
11,259
12,217
12,195
25,397
61,068
60,801.00
11,259
23,476
35,671
61,068
Total Units
17,998
18,716
22,021
39,134
97,869
94,036
17,998
36,714
58,735
97,869
Total Two & Three Wheelers Revenues
249.3
253.2
284.9
546.7
1,334.0
1,229.0
249.3
502.4
787.3
1,334.0
Total Two & Three Wheelers Gross Profit
47.7
43.9
53.9
100.0
245.6
190.4
47.7
91.6
145.5
245.6
Two & Three Wheelers Gross Margin
19.1%
17.3%
18.9%
18.3%
18.4%
15.5%
19.1%
18.2%
18.5%
18.4%
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
231
354
313
157
1,055
495
231
585
898
1,055
Trucks
646
422
412
812
2,292
1,090
646
1,068
1,480
2,292
Tractors
46
38
22
102
208
146
46
84
106
208
Trailers ( incl Exports)
38
51
33
25
147
88
38
89
122
147
CE
9
21
364
80
474
141
9
30
394
474
Total Units
970.0
886.0
1,144.0
1,176.0
4,176.0
1,960
970.0
1,856.0
3,000.0
4,176.0
Total Commercial Vehicle Revenue
209.7
224.9
212.7
265.5
912.9
481.0
209.7
434.7
647.4
912.9
Total Commercial Vehicle Gross Profit
24.6
30.7
20.6
22.1
98.1
37.9
24.6
55.3
76.0
98.1
Commercial Vehicle Gross Margin
11.7%
13.7%
9.7%
8.3%
10.7%
7.9%
11.7%
12.7%
11.7%
10.7%
Commercial Vehicles & Construction Equipment: Egypt
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
231
354
313
157
1,055
495
231
585
898
1,055
Trucks
375
344
396
811
1,926
1,090
375
719
1,115
1,926
Tractors
46
38
22
102
208
146
46
84
106
208
Trailers ( incl Exports)
38
51
33
25
147
88
38
89
122
147
CE
9
21
364
80
474
141
9
30
394
474
Total Units
699.0
808.0
1,128.0
1,175.0
3,810.0
1,960
699.0
1,507.0
2,635.0
3,810.0
Total Egypt Commercial Vehicle Revenue
178.1
217.2
211.7
265.7
872.7
479.6
178.1
395.3
607.0
872.7
Total Egypt Commercial Vehicle Gross Profit
22.1
30.6
20.6
22.3
95.6
37.4
22.1
52.7
73.3
95.6
Commercial Vehicle Gross Margin
12.4%
14.1%
9.8%
8.4%
11.0%
7.8%
12.4%
13.3%
12.1%
11.0%
Commercial Vehicles & Construction Equipment: Algeria
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
0
0
0
0
0
0
0
0
0
0
Total Units
0.0
0.0
0.0
0.0
0.0
0
0.0
0.0
0.0
0.0
Total Algeria Commercial Vehicle Revenue
3.3
0.0
(0.1)
(0.2)
3.0
1.4
3.3
3.4
3.2
3.0
Total Algeria Commercial Vehicle Gross Profit
0.8
0.1
(0.0)
(0.1)
0.7
0.4
0.8
0.8
0.8
0.7
Commercial Vehicle Gross Margin
23.3%
195.2%
27.3%
61.0%
22.4%
29.6%
23.3%
25.2%
25.1%
22.4%
Commercial Vehicles & Construction Equipment: Libya
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
0
0
0
0
0
0
0
0
0
0
Trucks
271
78
16
1
366
0
271
349
365
366
Tractors
0
0
0
0
0
0
0
0
0
0
Trailers ( incl Exports)
0
0
0
0
0
0
0
0
0
0
CE
0
0
0
0
0
0
0
0
0
0
Total Units
271.0
78.0
16.0
1.0
366.0
0
271.0
349.0
365.0
366.0
Total Libya Commercial Vehicle Revenue
28.3
7.7
1.2
0.0
37.2
0.0
28.3
36.0
37.2
37.2
Total Libya Commercial Vehicle Gross Profit
1.7
0.1
0.0
0.0
1.8
0.0
1.7
1.8
1.8
1.8
Commercial Vehicle Gross Margin
6.1%
0.9%
3.8%
0.0%
4.9%
0.0%
6.1%
5.0%
4.9%
4.9%
Tires Sales Activity
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
91.6
116.8
99.8
107.0
415.2
390.4
91.6
208.4
308.2
415.2
Gross Profit
13.1
19.1
16.8
14.6
63.7
58.3
13.1
32.3
49.1
63.7
Gross Margin
14.3%
16.4%
16.8%
13.7%
15.3%
14.9%
14.3%
15.5%
15.9%
15.3%
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
70.2
88.9
81.2
75.1
315.4
336.9
70.2
159.1
240.4
315.4
Gross Profit
11.2
17.0
15.5
12.5
56.2
54.4
11.2
28.1
43.6
56.2
Gross Margin
15.9%
19.1%
19.1%
16.7%
17.8%
16.1%
15.9%
17.7%
18.2%
17.8%
Regional Tires Sales Activity
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
21.4
27.8
18.6
32.0
99.8
53.5
21.4
49.3
67.8
99.8
Gross Profit
2.0
2.2
1.3
2.1
7.5
3.9
2.0
4.1
5.4
7.5
Gross Margin
9.1%
7.8%
7.0%
6.5%
7.5%
7.2%
9.1%
8.4%
8.0%
7.5%
Financing Businesses Net
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
122.8
155.9
186.8
257.2
722.7
485.1
122.8
278.7
465.5
722.7
Gross Profit
34.3
34.9
45.5
54.1
168.8
124.2
34.3
69.2
114.7
168.8
Gross Margin
28.0%
22.4%
24.3%
21.0%
23.4%
25.6%
28.0%
24.8%
24.6%
23.4%
Others
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Pre-owned Passenger Cars
0
3
9
9
22
0.0%
0
4
12
22
Lubricants
0
0
1
2
2
0
0
1
2
Retail
0
0
0
0
0
0.0%
0
0
0
0
Transportation
1
1
1
1
3
443.1%
1
2
3
3
Sales Revenue
1.4
4.0
10.4
11.6
27.4
4.4
1.4
5.4
15.8
27.4
Pre-owned Passenger Cars
0
0
0
0
1
0.0%
0
0
1
1
Lubricants
0
0
0
0
1
0
0
0
1
Retail
0
0
0
0
0
0.0%
0
0
0
0
Transportation
(2)
(2)
(2)
(2)
-7
-674.1%
(2)
(3)
(5)
(7)
Gross Profit
(1.6)
(1.5)
(1.0)
(1.1)
(5.2)
-6.7
(1.6)
(3.1)
(4.1)
(5.2)
Gross Margin
-112.5%
-37.9%
-9.5%
-9.3%
-18.9%
-152.1%
-112.5%
-57.5%
-26.0%
-18.9%
Pre-owned Passenger Cars Egypt
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
6
35
89
96
226
0
6
41
130
226
Total Units
6
35
89
96
226
0
6
41
130
226
In LE Millions
Pre-Owned Cars Sales Revenue
0.3
3.3
8.8
9.3
21.7
0.0
0.3
3.6
12.3
21.7
Pre-owned Cars Gross Profit
0.0
0.3
0.4
0.2
1.0
0.0
0.0
0.3
0.7
1.0
Gross Margin
7.1%
8.1%
5.1%
2.4%
4.4%
0.0%
7.1%
8.0%
5.9%
4.4%
Lubricants
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Egypt Sales Revenue
0.0
0.0
0.9
1.5
2.4
0.0
0.0
0.0
0.9
2.4
Egypt Gross Profit
0.0
0.0
0.2
0.4
0.6
0.0
0.0
0.0
0.2
0.6
Gross Margin
0.0%
0.0%
25.9%
24.9%
25.3%
0.0%
0.0%
0.0%
25.9%
25.3%
Transportation
Q1
Q2
Q3
Q4
2014
2013
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
1.1
0.7
0.7
0.7
3.3
4.4
1.1
1.8
2.6
3.3
Gross Profit
(1.6)
(1.8)
(1.7)
(1.7)
(6.7)
-6.7
(1.6)
(3.4)
(5.1)
(6.7)
Gross Margin
-147.8%
-243.2%
-228.7%
-226.6%
-204.5%
-152.1%
-147.8%
-185.9%
-198.1%
-204.5%
2015
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2014
Cash
1,478.9
2,099.7
2,203.6
1,188.7
1,177.6
Net Accounts Receivable
1,368.6
1,529.8
1,587.7
1,649.6
1,309.0
Inventory
2,695.3
2,551.0
2,352.9
2,951.0
2,345.7
Assets Held For Sale
313.1
347.0
347.9
329.2
313.1
Other Current Assets
749.4
870.3
830.6
1,155.7
833.3
Total Current Assets
6,605.3
7,397.9
7,322.6
7,274.2
5,978.7
Net Fixed Assets
1,864.3
1,885.6
1,935.5
2,044.6
1,829.2
Goodwill and Intangible Assets
289.1
288.8
291.2
293.1
282.5
Lessor Assets
1,313.8
1,315.4
1,382.2
1,615.8
1,159.7
Investment Property
0.6
4.2
91.5
91.5
0.6
Other Long-Term Assets
357.7
390.8
421.9
479.1
334.5
Total Long-Term Assets
3,825.4
3,884.6
4,122.3
4,524.0
3,606.4
Total Assets
10,430.7
11,282.5
11,444.9
11,798.2
9,585.1
Short-Term Notes and Debt
4,308.7
4,352.2
4,299.0
4,334.8
4,144.8
Accounts Payable
1,813.1
1,724.2
1,772.6
1,796.4
1,298.3
Other Current Liabilities
178.6
209.8
205.2
202.9
150.4
Total Current Liabilities
6,300.4
6,286.2
6,276.8
6,334.1
5,593.5
Long-Term Notes and Debt
667.2
700.5
678.4
898.5
680.9
Other Long-Term Liabilities
566.0
518.5
536.6
622.5
536.8
Total Long-Term Liabilities
1,233.2
1,219.0
1,215.1
1,521.0
1,217.7
Minority Interest
668.7
594.7
635.8
608.7
637.8
Common Stock
135.3
1,094.0
1,094.0
1,094.0
135.3
Shares Held With the Group
(3.3)
(26.5)
(26.5)
(26.5)
(3.3)
Legal Reserve
277.1
293.5
296.6
296.6
267.3
Other Reserves
1,126.4
1,124.2
1,156.3
1,153.0
1,066.8
Retained Earnings (Losses)
692.8
697.4
796.8
817.4
670.0
Total Shareholder's Equity
2,228.4
3,182.5
3,317.2
3,334.4
2,136.1
Total Liabilities and Shareholder's Equity
10,430.7
11,282.5
11,444.9
11,798.2
9,585.1
Income Statement
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
3,200.3
3,205.2
3,169.8
2,689.3
12,264.7
12,322.1
3,200.3
6,405.6
9,575.4
12,264.7
COGS
2,797.9
2,816.2
2,776.3
2,280.0
10,670.3
10,740.4
2,797.9
5,614.0
8,390.3
10,670.3
Gross Profit
402.5
389.1
393.6
409.3
1,594.4
1,581.7
402.5
791.5
1,185.1
1,594.4
Gross Profit Margin
12.6%
12.1%
12.4%
13.0%
13.0%
12.8%
12.6%
12.4%
12.4%
13.0%
Selling & Marketing
(113.4)
(131.4)
(128.4)
(178.9)
-551.9
(439.6)
(113.4)
(244.7)
(373.1)
(551.9)
Administration Expenses
(76.5)
(99.4)
(98.2)
(69.7)
-343.7
(272.6)
(76.5)
(175.8)
(274.0)
(343.7)
Other Income (Expense)
7.6
7.5
96.6
8.9
120.6
55.7
7.6
15.1
111.7
120.6
Operating Profit
220.2
165.9
263.7
169.6
819.4
925.2
220.2
386.1
649.8
819.4
Operating Profit Margin
6.9%
5.2%
5.6%
6.7%
7.5%
6.9%
6.0%
6.8%
6.7%
Net Provisions
(4.6)
(8.3)
(16.9)
(39.5)
-69.2
(67.8)
(4.6)
(12.9)
(29.7)
(69.2)
FV of investment property
87.3
87.3
EBITDA
274.1
219.3
312.7
198.9
1,005.0
1,057.1
274.1
493.4
806.1
1,005.0
EBITDA margin
8.6%
6.8%
9.9%
8.2%
8.2%
8.6%
8.6%
7.7%
8.4%
8.2%
Depreciation
(58.5)
(61.7)
(65.9)
(68.7)
-254.8
(199.7)
(58.5)
(120.2)
(186.1)
(254.8)
EBIT
215.6
157.6
246.8
130.1
750.2
857.4
215.6
373.2
620.0
750.2
EBIT margin
6.7%
4.9%
7.8%
4.8%
6.1%
7.0%
6.7%
5.8%
6.5%
6.1%
Forex
(57.8)
(17.4)
(40.0)
(60.2)
-175.4
(157.1)
(57.8)
(75.2)
(115.2)
(175.4)
Net Interest
(89.4)
(85.2)
(79.4)
(83.8)
-337.8
(374.4)
(89.4)
(174.6)
(254.0)
(337.8)
Earnings Before Tax
68.4
55.0
127.4
-13.9
236.9
325.9
68.4
123.4
250.8
236.9
Taxes
(21.2)
(32.6)
12.7
(4.2)
-45.4
(90.2)
(21.2)
(53.8)
(41.2)
(45.4)
Net Profit before Minority Interest
47.1
22.4
140.1
-18.2
191.5
235.7
47.1
69.5
209.7
191.5
Minority Interest
4.9
27.9
(37.5)
46.3
41.6
(61.7)
4.9
32.8
-4.7
41.6
Net income
52.1
50.3
102.6
28.1
233.1
174.0
52.1
102.4
205.0
233.1
Net profit margin
1.6%
1.6%
3.2%
1.0%
1.9%
1.4%
1.6%
1.6%
2.1%
1.9%
Cash Flow Statement
(LE million)
YTD-Q1
YTD-Q2
YTD-Q3
YTD-Q4
2014
Cash flows from operating activities
Net profit before tax
68,357
123,385
250,828
236,899
325,896
Adjustments:
Interest expense
93,935
188,510
278,625
360,888
367,503
Depreciation and amortization
58,412
119,964
185,994
254,724
199,145
Provisions - net
3,186
7,666
18,237
33,478
60,922
Impairment losses on current assets (net)
21,487
37,820
16,182
ESOP Fair Value
13,997
18,663
Stock issuance cost
(675)
(1,214)
Stock option fair value for the managing director
Bond issue cost amortization
11,575
Loss on sale at assets held for sale
(50)
10,363
18,719
(5,271)
(Gain) / loss on sale of property and equipments
3,099
(820)
Interest income
(3,467)
(15,768)
(38,529)
(46,034)
(8,961)
Loans capitalized interest
(4,365)
Capital gain - Sale and lease back
(2,676)
Loans interest expense capitalized on property, plant and equipment
(4,547)
(4,365)
(6,212)
Deferred revenue amortization - Sale and lease back
(1,606)
(2,658)
(2,677)
(9,101)
Deferred revenue amortization - Marketing contract
Loss on fixed assets value
1,591
Gain for the re-valuation of investments property
4,119
(87,341)
(87,341)
Gain on sale of investment property
(401)
1,110
Issuing Shares
(1,123)
(134)
Gain/loss on sale of property and equipments
(134)
Net profit before changes in working capital
218,339
425,840
635,047
822,403
958,180
Changes in working capital
Inventories
(352,848)
(211,695)
(16,278)
(628,574)
(234,189)
Accounts and notes receivables
(41,475)
(31,834)
(126,128)
(235,699)
(565,817)
Debtors and other debit balances
100,123
(14,599)
55,763
(261,578)
(276,636)
Amounts under settlement for leased contracts
4,597
Due from related parties
(15,863)
(24,521)
(37,339)
(56,305)
(27,037)
Due to related parties
(786)
(2,727)
(5,856)
2,303
(6,737)
Trade payables other credit balances
508,748
438,735
469,596
489,024
(79,775)
Cash flow generated from operating
416,238
579,199
979,402
131,574
(232,010)
Provisions used
(2,980)
(5,242)
(11,135)
(13,887)
(13,155)
Income tax paid during the year
(27,802)
(27,863)
(68,433)
(22,306)
Interest paid
(46,746)
Employee Dividends
(19,407)
(46,746)
(46,747)
(42,240)
Fair value for employee stock option plan
6,940
9,331
Net cash flow (used in) generated from operating activities
400,791
508,740
893,658
2,507
(309,711)
Cash flows from investing activities
Payments for projects under constructions
(304,003)
(634,964)
(829,442)
(1,259,383)
(1,008,896)
Change in non controlling interests without changing in control
(11,930)
(5,643)
(1,114)
Purchase of property, plant and equipment
Purchase of intangible assets
(770)
(777)
(847)
(847)
(1,262)
Interest received
3,467
14,610
26,512
45,280
8,961
Proceeds from sale of property, plant and equipment
11,421
12,995
21,548
31,532
Proceeds from sale of investments property
Proceeds from sale at assets held for sale
14,037
1,400
Treasury bills
Acquisition of non-controlling interest
(11,923)
Net cash flow used in investing activities
(289,885)
(620,059)
(801,670)
(1,199,045)
(969,379)
Cash flows from financing activities
Loans and borrowings
191,245
697,504
637,188
991,298
2,083,175
Proceeds from minority share subsidiaries capital
6,170
9,678
10,678
10,678
1,566
Proceeds from capital increase
449,994
449,994
449,994
Dividends paid
(34,221)
Bonds liabilities
(316,696)
Proceed from sale of treasury shares
Long-term notes payables
556
1,546
1,368
(150)
Interest paid
(86,275)
(198,834)
(271,264)
(349,101)
(356,358)
Net cash flow generated from financing activities
111,696
959,888
827,964
1,102,869
1,377,316
Net (decrease) / increase in cash and cash equivalents
222,602
848,569
920,086
(93,669)
98,226
Cash and cash equivalents at beginning of the year
1,177,577
1,177,577
1,177,577
1,177,577
1,085,105
Translation differences
78,739
73,587
105,918
104,796
(5,754)
Cash and cash equivalents at end of the year
1,478,918
2,099,733
2,203,581
1,188,704
1,177,577
Segmental Breakdown
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
10,445
10,897
10,026
6,948
38,316
44,645
10,445
21,342
31,368
38,316
CKD
7,450
7,559
6,863
5,846
27,718
39,135
7,450
15,009
21,872
27,718
Total Units
17,895
18,456
16,889
12,794
66,034
83,780
17,895
36,351
53,240
66,034
Total Passenger Car Revenue
1,930.9
2,089.4
1,970.9
1,498.8
7,489.9
8,909.9
1,930.9
4,020.3
5,991.2
7,489.9
Total Passenger Gross Profit
199.0
214.4
199.5
180.1
793.0
1,010.8
199.0
413.4
612.9
793.0
Passenger Cars Gross Margin
10.3%
10.3%
10.1%
12.0%
10.6%
11.3%
10.3%
10.3%
10.2%
10.6%
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
6,338
6,909
7,733
4,626
25,606
23,321
6,338
13,247
20,980
25,606
CKD
7,450
7,559
6,863
5,846
27,718
39,135
7,450
15,009
21,872
27,718
Total Units
13,788
14,468
14,596
10,472
53,324
62,456
13,788
28,256
42,852
53,324
Total Egypt Passenger Car Revenue
1,441.1
1,665.3
1,712.5
1,257.1
6,076.1
6,226.3
1,441.1
3,106.4
4,818.9
6,076.1
Total Egypt Passenger Gross Profit
181.7
200.1
192.0
204.2
777.9
759.8
181.7
381.7
573.7
777.9
Passenger Cars Gross Margin
12.6%
12.0%
11.2%
16.2%
12.8%
12.2%
12.6%
12.3%
11.9%
12.8%
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
5,390
5,869
6,963
4,017
22,239
21,229
5,390
11,259
18,222
22,239
CKD
6,335
5,333
5,000
4,688
21,356
24,185
6,335
11,668
16,668
21,356
Total Units
11,725
11,202
11,963
8,705
43,595
45,414
11,725
22,927
34,890
43,595
Total Passenger Car Revenue
1,260.2
1,378.6
1,456.4
1,084.2
5,179.3
4,981.7
1,260.2
2,638.8
4,095.2
5,179.3
Total Passenger Gross Profit
160.9
166.6
174.0
192.9
694.5
648.6
160.9
327.6
501.5
694.5
Passenger Cars Gross Margin
12.8%
12.1%
11.9%
17.8%
13.4%
13.0%
12.8%
12.4%
12.2%
13.4%
Geely Egypt Passenger Cars
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
635
446
96
253
1,430
1,269
635
1,081
1,177
253
CKD
1,019
2,049
1,602
1,074
5,744
14,950
1,019
3,068
4,670
1,074
Total Units
1,654
2,495
1,698
1,327
7,174
16,219
1,654
4,149
5,847
1,327
Total Geely Car Revenue
119.1
173.1
121.2
98.0
511.4
1,120.6
119.1
292.2
413.4
98.0
Total Geely Gross Profit
11.2
14.3
-4.0
-3.9
17.7
90.0
11.2
25.5
21.5
-3.9
Geely Cars Gross Margin
9.4%
8.3%
-3.3%
-3.9%
3.5%
8.0%
9.4%
8.7%
5.2%
-3.9%
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
313
594
674
356
1,937
823
313
907
1,581
1,937
0
0
0
0
0
0
0
0
0
0
Total Units
313
594
674
356
1,937
823
313
907
1,581
1,937
Total Mazda Car Revenue
56.1
103.2
119.7
68.7
347.7
124.0
56.1
159.3
279.1
347.7
Total Mazda Gross Profit
10.7
19.1
22.1
16.2
68.0
21.2
10.7
29.7
51.8
68.0
Passenger Cars Gross Margin
19.0%
18.5%
18.4%
23.5%
19.6%
17.1%
19.0%
18.7%
18.6%
19.6%
KARRY Egypt Passenger Cars
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CKD
96
177
261
84
618
0
96
273
534
618
Total Units
96
177
261
84
618
0
96
273
534
618
Total KARRY Car Revenue
5.7
10.4
15.2
6.3
37.6
0.0
5.7
16.1
31.3
37.6
Total KARRY Gross Profit
-1.2
0.1
-0.1
-1.1
-2.3
0.0
-1.2
-1.1
-1.2
-2.3
Passenger Cars Gross Margin
-20.6%
0.5%
-0.5%
-17.1%
-6.0%
0.0%
-20.6%
-7.0%
-3.8%
-6.0%
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
3,788
3,509
1,909
1,779
10,985
19,606
3,788
7,297
9,206
10,985
0
0
0
0
0
0
0
0
0
0
Total Units
3,788
3,509
1,909
1,779
10,985
19,606
3,788
7,297
9,206
10,985
Total IRAQ Car Revenue
464.8
394.4
231.1
204.4
1,294.7
2,554.4
464.8
859.2
1,090.3
1,294.7
Total IRAQ Gross Profit
17.2
13.1
8.2
-17.3
21.1
249.8
17.2
30.3
38.5
21.1
Passenger Cars Gross Margin
3.7%
3.3%
3.5%
-8.5%
1.6%
9.8%
3.7%
3.5%
3.5%
1.6%
Passenger Car Sales Activity - Algeria
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
190
443
287
358
1,278
0
190
633
920
1,278
Total Units
190
443
287
358
1,278
0
190
633
920
1,278
Total Algeria Car Revenue
13.1
26.7
18.2
22.7
80.7
10.7
13.1
39.8
58.0
80.7
Total Algeria Gross Profit
0.9
2.7
1.1
2.2
6.8
0.4
0.9
3.6
4.7
6.8
Passenger Cars Gross Margin
7.1%
9.9%
5.9%
9.5%
8.4%
3.7%
7.1%
9.0%
8.0%
8.4%
Passenger Car Sales Activity - Libya
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
129
36
97
185
447
1,718
129
165
262
447
Total Units
129
36
97
185
447
1,718
129
165
262
447
Total Libya Car Revenue
11.9
3.0
9.1
14.5
38.4
118.5
11.9
14.8
23.9
38.4
Total Libya Gross Profit
-0.8
-1.4
-1.7
-8.9
-12.8
0.8
-0.8
-2.2
-3.9
-12.8
Passenger Cars Gross Margin
-6.5%
-47.4%
-19.0%
-60.9%
-33.2%
0.7%
-6.5%
-14.7%
-16.3%
-33.2%
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Two-wheelers
10,895
12,177
15,328
13,093
51,493
36,801.00
10,895
23,072
38,400
51,493
Three - wheelers
22,026
21,616
22,826
19,340
85,808
61,068.00
22,026
43,642
66,468
85,808
Total Units
32,921
33,793
38,154
32,433
137,301
97,869
32,921
66,714
104,868
137,301
Total Two & Three Wheelers Revenues
488.6
488.1
534.6
485.9
1,997.2
1,334.0
488.6
976.8
1,511.3
1,997.2
Total Two & Three Wheelers Gross Profit
85.4
77.6
87.9
95.8
346.7
245.6
85.4
162.9
250.9
346.7
Two & Three Wheelers Gross Margin
17.5%
15.9%
16.4%
19.7%
17.4%
18.4%
17.5%
16.7%
16.6%
17.4%
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
393
283
291
205
1,172
1,055
393
676
967
1,172
Trucks
406
338
189
482
1,415
2,292
406
744
933
1,415
Tractors
38
42
0
54
134
208
38
80
80
134
Trailers ( incl Exports)
56
88
66
14
224
147
56
144
210
224
CE
56
69
23
74
222
474
56
125
148
222
Total Units
949.0
820.0
569.0
829.0
3,167.0
4,176
949.0
1,769.0
2,338.0
3,167.0
Total Commercial Vehicle Revenue
453.5
299.7
287.9
286.8
1,327.9
912.9
453.5
753.2
1,041.1
1,327.9
Total Commercial Vehicle Gross Profit
58.2
34.2
42.3
41.1
175.8
98.1
58.2
92.4
134.7
175.8
Commercial Vehicle Gross Margin
12.8%
11.4%
14.7%
14.3%
13.2%
10.7%
12.8%
12.3%
12.9%
13.2%
Tires Sales Activity
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
82.4
83.6
67.9
90.5
324.4
415.2
82.4
166.0
233.9
324.4
Gross Profit
9.2
6.9
3.0
16.9
36.0
63.7
9.2
16.1
19.1
36.0
Gross Margin
11.1%
8.3%
4.4%
18.7%
11.1%
15.3%
11.1%
9.7%
8.2%
11.1%
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
44.6
56.1
42.8
59.8
203.2
315.4
44.6
100.6
143.4
203.2
Gross Profit
6.4
5.5
1.0
14.7
27.5
56.2
6.4
11.9
12.9
27.5
Gross Margin
14.4%
9.8%
2.2%
24.5%
13.6%
17.8%
14.4%
11.8%
9.0%
13.6%
Regional Tires Sales Activity
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
37.8
27.5
25.1
30.7
121.2
99.8
37.8
65.4
90.5
121.2
Gross Profit
2.8
1.4
2.0
2.3
8.5
7.5
2.8
4.2
6.2
8.5
Gross Margin
7.3%
5.2%
8.1%
7.4%
7.0%
7.5%
7.3%
6.4%
6.9%
7.0%
Financing Businesses Net
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
232.2
230.4
289.1
294.4
1,046.2
722.7
232.2
462.6
751.7
1,046.2
Gross Profit
51.2
56.0
58.7
67.9
233.8
168.8
51.2
107.1
165.9
233.8
Gross Margin
22.0%
24.3%
20.3%
23.1%
22.3%
23.4%
22.0%
23.2%
22.1%
22.3%
Others
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Pre-owned Passenger Cars
8
9
12
13
42
2165.6%
8
17
29
42
Lubricants
4
4
7
19
34
243.1%
4
8
15
34
Retail
0
0
0
0
0
0.0%
0
0
0
0
Transportation
1
1
1
1
3
330.0%
1
2
2
3
Sales Revenue
12.6
14.0
19.5
32.9
79.0
27.4
12.6
26.7
46.2
79.0
Pre-owned Passenger Cars
0
0
1
1
2
95.4%
0
1
1
2
Lubricants
1
2
3
8
13
61.4%
1
3
5
13
Retail
0
0
0
0
0
0.0%
0
0
0
0
Transportation
(2)
(2)
(1)
(2)
-7
-674.8%
(2)
(4)
(5)
(7)
Gross Profit
(0.5)
(0.0)
2.1
7.3
9.0
-5.2
(0.5)
(0.5)
1.6
9.0
Gross Margin
-3.7%
-0.1%
10.8%
22.4%
11.3%
-18.9%
-3.7%
-1.8%
3.5%
11.3%
Pre-owned Passenger Cars Egypt
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
72
92
98
103
365
226
72
164
262
365
Total Units
72
92
98
103
365
226
72
164
262
365
In LE Millions
Pre-Owned Cars Sales Revenue
7.6
9.1
11.9
13.4
42.0
21.7
7.6
16.7
28.6
42.0
Pre-owned Cars Gross Profit
0.3
0.4
0.7
0.9
2.4
1.0
0.3
0.7
1.5
2.4
Gross Margin
4.3%
4.4%
6.2%
6.9%
5.7%
4.4%
4.3%
4.3%
5.1%
5.7%
Lubricants
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Egypt Sales Revenue
4.3
4.1
6.8
18.7
33.9
2.4
4.3
8.4
15.3
33.9
Egypt Gross Profit
1.0
1.5
2.8
8.1
13.5
0.6
1.0
2.5
5.4
13.5
Gross Margin
23.0%
37.6%
41.6%
43.2%
39.6%
25.3%
23.0%
30.1%
35.2%
39.6%
Retail
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Egypt Sales Revenue
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Egypt Gross Profit
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Gross Margin
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Transportation
Q1
Q2
Q3
Q4
2015
2014
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
0.7
0.8
0.8
0.8
3.1
3.3
0.7
1.5
2.3
3.1
Gross Profit
(1.8)
(2.0)
(1.5)
(1.7)
(6.9)
-6.7
(1.8)
(3.8)
(5.2)
(6.9)
Gross Margin
-240.5%
-244.5%
-185.5%
-211.0%
-220.2%
-204.5%
-240.5%
-242.6%
-223.3%
-220.2%
2016
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2015
Cash
842.1
914.4
755.5
1,225.3
1,188.7
Net Accounts Receivable
1,705.6
2,095.7
2,436.0
2,363.8
1,649.6
Inventory
3,357.7
3,387.5
3,448.8
5,820.4
2,951.0
Assets Held For Sale
331.3
326.8
313.1
- 0
329.2
Other Current Assets
1,374.1
1,279.6
1,213.6
1,313.8
1,155.7
Total Current Assets
7,610.8
8,004.2
8,167.1
10,723.4
7,274.2
Net Fixed Assets
2,110.3
1,521.7
1,385.5
2,803.9
1,559.6
Goodwill and Intangible Assets
307.2
306.5
308.1
437.2
293.1
Lessor Assets
1,989.0
2,253.4
2,558.2
2,095.0
1,615.8
Investment Property
91.5
91.5
91.5
91.5
91.5
Other Long-Term Assets
543.8
643.0
709.8
945.7
479.1
Total Long-Term Assets
5,041.8
4,816.2
5,053.1
6,373.3
4,039.1
Total Assets
12,652.7
12,820.4
13,220.2
17,096.8
11,313.3
Short-Term Notes and Debt
4,918.6
5,375.4
5,318.2
7,068.7
4,334.8
Accounts Payable
1,580.9
1,513.2
1,822.2
2,807.9
1,786.4
Other Current Liabilities
198.8
179.6
196.5
330.7
202.9
Total Current Liabilities
6,698.3
7,068.3
7,336.9
10,207.3
6,334.1
Long-Term Notes and Debt
1,107.8
1,371.4
1,453.3
1,663.4
898.5
Other Long-Term Liabilities
691.7
140.8
144.4
234.8
137.6
Total Long-Term Liabilities
1,799.5
1,512.2
1,597.7
1,898.2
1,036.1
Minority Interest
664.7
663.1
663.7
1,169.6
608.7
Common Stock
1,094.0
1,094.0
1,094.0
1,094.0
1,094.0
Shares Held With the Group
(26.5)
(26.5)
(26.5)
(26.5)
(26.5)
Legal Reserve
296.6
309.2
311.1
311.1
296.6
Other Reserves
1,283.1
1,285.5
1,291.1
2,548.9
1,153.0
Retained Earnings (Losses)
843.0
914.6
952.1
(105.9)
817.4
Total Shareholder's Equity
3,490.2
3,576.8
3,621.8
3,821.7
3,334.4
Total Liabilities and Shareholder's Equity
12,652.7
12,820.4
13,220.2
17,096.8
11,313.3
Income Statement
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
2,924.6
3,928.8
4,321.4
4,110.8
15,285.7
12,264.7
2,924.6
6,853.4
11,174.9
15,285.7
0.00
COGS
2,482.2
3,361.6
3,776.4
3,463.4
13,083.6
10,660.8
2,482.2
5,843.8
9,620.2
13,083.6
0.00
Gross Profit
442.4
567.3
545.0
647.4
2,202.1
1,603.9
442.4
1,009.7
1,554.7
2,202.1
0.00
Gross Profit Margin
15.1%
14.4%
12.6%
15.7%
14.4%
13.1%
15.1%
14.7%
13.9%
14.4%
0.00
0.00
Selling & Marketing
-144.7
-152.2
-156.4
-291.4
-744.6
-551.9
-144.7
-296.8
-453.2
-744.6
0.00
Administration Expenses
-72.6
-90.9
-96.1
-195.4
-455.0
-343.7
-72.6
-163.4
-259.5
-455.0
0.00
Other Income (Expense)
11.3
6.8
-0.4
12.1
29.9
120.6
11.3
18.2
17.8
29.9
0.00
Operating Profit
236.5
331.1
292.1
172.6
1,032.4
828.9
236.5
567.6
859.7
1,032.4
0.00
Operating Profit Margin
8.1%
8.4%
6.8%
4.2%
6.8%
6.8%
8.1%
8.3%
7.7%
6.8%
0.00
0.00
Net Provisions
-11.4
-20.0
12.2
-147.3
-166.4
-78.8
-11.4
-31.4
-19.2
-166.4
0.00
EBITDA
297.2
388.8
385.8
115.4
1,187.2
1,005.0
297.2
686.0
1,071.8
1,187.2
0.00
EBITDA margin
10.2%
9.9%
8.9%
2.8%
7.8%
8.2%
10.2%
10.0%
9.6%
7.8%
0.00
0.00
Depreciation
-72.1
-77.7
-81.4
-90.1
-321.3
-254.8
-72.1
-149.8
-231.2
-321.3
0.00
0.00
EBIT
225.1
311.1
304.4
25.4
866.0
750.2
225.1
536.2
840.6
866.0
0.00
EBIT margin
7.7%
7.9%
7.0%
0.6%
5.7%
6.1%
7.7%
7.8%
7.5%
5.7%
0.00
0.00
Forex
-61.1
-6.0
-80.8
-1,063.7
-1,211.6
-175.4
-61.1
-67.1
-147.9
-1,211.6
0.00
Net Interest
-121.5
-140.7
-164.0
-215.6
-641.7
-337.8
-121.5
-262.2
-426.2
-641.7
0.00
Earnings Before Tax
42.5
164.5
59.6
-1,253.9
-987.4
236.9
42.5
206.9
266.6
-987.4
0.00
0.00
Taxes
-28.3
-40.7
-12.6
79.2
-2.4
-45.4
-28.3
-69.1
-81.7
-2.4
0.00
Net Profit before Minority Interest
14.1
123.8
47.0
-1,174.7
-989.8
191.5
14.1
137.9
184.9
-989.8
0.00
0.00
Minority Interest
14.5
0.6
-7.6
116.7
124.2
41.6
14.5
15.1
7.5
124.2
0.00
Net income
28.6
124.4
39.4
-1,058.0
-865.7
233.1
28.6
152.9
192.4
-865.7
0.00
Net profit margin
1.0%
3.2%
0.9%
-25.7%
-5.7%
1.9%
1.0%
2.2%
1.7%
-5.7%
0.00
0.00
Cash Flow Statement
0.00
(LE million)
Q1
Q2
Q3
Q4
2015
0.00
Cash flows from operating activities
0.00
Net profit before tax
42,469
206,934
266,552
(987,390)
236,899
0.00
Adjustments:
0.00
Interest expense
110,818
239,488
402,494
596,228
360,888
0.00
Depreciation and amortization
72,028
149,697
231,119
320,759
254,724
0.00
Provisions - net
6,763
17,034
25,430
102,666
33,478
0.00
Impairment losses on current assets (net)
4,644
10,331
(4,593)
93,506
37,820
0.00
ESOP Fair Value
4,666
9,331
13,997
18,663
18,663
0.00
Stock issuance cost
(1,214)
0.00
Loss on sale at assets held for sale
(455)
4,440
(21,229)
(21,229)
18,719
(Gain) / loss on sale of property and equipments
(649)
(2,405)
675
3,099
0.00
Interest income
(4,769)
(5,523)
(19,257)
(15,965)
(46,034)
0.00
Loans interest expense capitalized on property, plant and equipment
(3,206)
(6,208)
(9,305)
(12,459)
(6,212)
0.00
Deferred revenue amortization - Sale and lease back
(2,677)
0.00
Deferred revenue amortization - Marketing contract
0.00
Loss on fixed assets value
2788
1,591
Gain for the re-valuation of investments property
(87,341)
0.00
FX gain/loss (non realized)
836632
Gain on sale of investment property
0.00
Net profit before changes in working capital
232,958
624,875
882,803
934,874
822,403
0.00
Changes in working capital
0.00
Inventories
(409,527)
(439,804)
(501,328)
(2,927,403)
(628,574)
0.00
Accounts and notes receivables
(117,261)
(576,123)
(926,721)
(1,041,547)
(235,699)
0.00
Debtors and other debit balances
(204,185)
(81,230)
1,527
(134,390)
(261,578)
0.00
Due from related parties
(13,584)
(42,201)
(54,790)
20,973
(56,305)
0.00
Due to related parties
(33,607)
(32,118)
(24,203)
8,306
2,303
0.00
Trade payables other credit balances
(220,128)
(295,530)
(21,383)
1,007,118
489,024
0.00
Cash flow generated from operating
(765,334)
(842,131)
(644,095)
(2,132,069)
131,574
0.00
Provisions used
(7,420)
(45,505)
(23,194)
(68,044)
(13,887)
0.00
Income tax paid during the year
(1,961)
(62,878)
(62,897)
(64,275)
(68,433)
0.00
Employee Dividends
(11,182)
(55,940)
(55,235)
(54,434)
(46,747)
0.00
Net cash flow (used in) generated from operating activities
(785,897)
(1,006,454)
(785,420)
(2,318,822)
2,507
0.00
0.00
Cash flows from investing activities
0.00
Payments for projects under constructions
(514,763)
(843,726)
(1,173,654)
(1,385,345)
(1,259,383)
0.00
Change in non controlling interests without changing in control
(5,929)
(5,643)
0.00
Purchase of intangible assets
(107)
(178)
(2,422)
(843)
(847)
0.00
Interest received
4,137
5,096
14,969
9,012
45,280
0.00
Proceeds from sale of property, plant and equipment
12,319
85,094
189,390
21,548
0.00
Proceeds from sale of investments property
(5,500)
0.00
Proceeds from sale at assets held for sale
197,785
0.00
Treasury bills
0.00
Net cash flow used in investing activities
(498,414)
(753,714)
(971,717)
(1,190,820)
(1,199,045)
0.00
0.00
Cash flows from financing activities
0.00
Loans and borrowings
860,342
1,513,559
1,538,182
3,498,836
991,298
0.00
Proceeds from minority share subsidiaries capital
2,000
8,000
2,071
14,019
10,678
0.00
Proceeds from capital increase
449,994
Dividends paid
0.00
Bonds liabilities
0.00
Proceed from sale of treasury shares
0.00
Long-term notes payables
1,073
0.00
Interest paid
(96,713)
(217,544)
(374,830)
(561,130)
(349,101)
Net cash flow generated from financing activities
766,702
1,304,015
1,165,423
2,951,725
1,102,869
0.00
0.00
Net (decrease) / increase in cash and cash equivalents
(517,609)
(456,153)
(591,714)
(557,917)
(93,669)
0.00
Cash and cash equivalents at beginning of the year
1,188,704
1,188,704
1,188,704
1,188,704
1,177,577
0.00
Translation differences
171,017
181,929
158,590
594,513
104,796
0.00
Cash and cash equivalents at end of the year
842,112
914,480
755,580
1,225,300
1,188,704
0.00
0.00
0.00
Segmental Breakdown
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
6,612
8,575
8,857
6,135
30,179
38,316
6,612
15,187
24,044
30,179
0.00
CKD
5,909
8,019
9,418
5,522
28,868
27,718
5,909
13,928
23,346
28,868
0.00
Total Units
12,521
16,594
18,275
11,657
59,047
66,034
12,521
29,115
47,390
59,047
0.00
Total Passenger Car Revenue
1,692.0
2,506.2
2,849.6
2,551.0
9,598.8
7,489.9
1,692.0
4,198.2
7,047.8
9,598.8
0.00
Total Passenger Gross Profit
207.8
333.2
264.6
335.8
1,141.4
793.0
207.8
541.0
805.6
1,141.4
0.00
Passenger Cars Gross Margin
12.3%
13.3%
9.3%
13.2%
11.9%
10.6%
12.3%
12.9%
11.4%
11.9%
0.00
0.00
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
5,381
6,507
7,101
4,849
23,838
25,606
5,381
11,888
18,989
23,838
0.00
CKD
5,909
8,019
9,418
5,522
28,868
27,718
5,909
13,928
23,346
28,868
0.00
Total Units
11,290
14,526
16,519
10,371
52,706
53,324
11,290
25,816
42,335
52,706
0.00
Total Egypt Passenger Car Revenue
1,491.1
2,191.7
2,594.8
2,253.5
8,531.1
6,076.1
1,491.1
3,682.8
6,277.6
8,531.1
0.00
Total Egypt Passenger Gross Profit
209.4
313.9
262.6
346.8
1,132.6
777.9
209.4
523.3
785.9
1,132.6
0.00
Passenger Cars Gross Margin
14.0%
14.3%
10.1%
15.4%
13.3%
12.8%
14.0%
14.2%
12.5%
13.3%
0.00
0.00
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
5,134
6,086
6,388
4,526
22,134
22,239
5,134
11,220
17,608
22,134
0.00
CKD
3,796
5,068
5,172
2,294
16,330
21,356
3,796
8,864
14,036
16,330
0.00
Total Units
8,930
11,154
11,560
6,820
38,464
43,595
8,930
20,084
31,644
38,464
0.00
Total Passenger Car Revenue
1,269.2
1,824.0
2,015.5
1,718.3
6,827.0
5,179.3
1,269.2
3,093.3
5,108.8
6,827.0
0.00
Total Passenger Gross Profit
197.6
269.4
222.3
272.8
962.1
694.5
197.6
467.0
689.3
962.1
0.00
Passenger Cars Gross Margin
15.6%
14.8%
11.0%
15.9%
14.1%
13.4%
15.6%
15.1%
13.5%
14.1%
0.00
0.00
Geely Egypt Passenger Cars
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
6
0
0
0
6
1,430
6
6
6
6
0.00
CKD
1,225
565
1,122
987
3,899
5,744
1,225
1,790
2,912
3,899
0.00
Total Units
1,231
565
1,122
987
3,905
7,174
1,231
1,796
2,918
3,905
0.00
Total Geely Car Revenue
96.0
53.2
110.1
120.3
379.5
511.4
96.0
149.1
259.2
379.5
0.00
Total Geely Gross Profit
-2.6
4.5
6.0
4.7
12.5
17.7
-2.6
1.8
7.8
12.5
0.00
Geely Cars Gross Margin
-2.7%
8.4%
5.4%
3.9%
3.3%
3.5%
-2.7%
1.2%
3.0%
3.3%
0.00
0.00
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
241
421
713
323
1,698
1,937
241
662
1,375
1,698
0.00
Total Units
241
421
713
323
1,698
1,937
241
662
1,375
1,698
0.00
Total Mazda Car Revenue
41.5
87.4
158.3
87.4
374.5
347.7
41.5
128.9
287.2
374.5
0.00
Total Mazda Gross Profit
4.4
13.6
20.9
21.5
60.3
68.0
4.4
18.0
38.9
60.3
0.00
Passenger Cars Gross Margin
10.6%
15.5%
13.2%
24.5%
16.1%
19.6%
10.6%
13.9%
13.5%
16.1%
0.00
Chery Egypt Passenger Cars
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
0
0
0
0
0
0
0
0
0
0
0.00
CKD
941
2,137
2,984
2,114
8,176
0
941
3,078
6,062
8,176
0.00
Total Units
941
2,137
2,984
2,114
8,176
0
941
3,078
6,062
8,176
0.00
Total Chery Car Revenue
87.6
211.3
301.2
317.8
917.9
0.0
87.6
298.8
600.1
917.9
0.00
Total Chery Gross Profit
13.1
26.9
14.2
45.8
100.0
0.0
13.1
40.0
54.2
100.0
0.00
Passenger Cars Gross Margin
14.9%
12.7%
4.7%
14.4%
10.9%
0.0%
14.9%
13.4%
9.0%
10.9%
0.00
0.00
KARRY Egypt Passenger Cars
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CKD
-53
249
140
127
463
618
(53)
196
336
463
0.00
Total Units
(53)
249
140
127
463
618
(53)
196
336
463
0.00
Total KARRY Car Revenue
-3.1
15.8
9.7
9.8
32.1
37.6
-3.1
12.7
22.4
32.1
0.00
Total KARRY Gross Profit
-3.0
-0.5
-0.8
2.0
-2.4
-2.3
-3.0
-3.5
-4.3
-2.4
0.00
Passenger Cars Gross Margin
96.2%
-3.0%
-8.5%
20.0%
-7.3%
-6.0%
96.2%
-27.5%
-19.3%
-7.3%
0.00
0.00
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
1,049
1,938
1,420
1,199
5,606
10,985
1,049
2,987
4,407
5,606
0.00
Total Units
1,049
1,938
1,420
1,199
5,606
10,985
1,049
2,987
4,407
5,606
0.00
Total IRAQ Car Revenue
187.8
304.4
233.1
279.6
1,004.9
1,294.7
187.8
492.2
725.3
1,004.9
0.00
Total IRAQ Gross Profit
-3.4
18.4
3.4
-7.1
11.4
21.1
-3.4
15.1
18.4
11.4
0.00
Passenger Cars Gross Margin
-1.8%
6.1%
1.4%
-2.5%
1.1%
1.6%
-1.8%
3.1%
2.5%
1.1%
0.00
0.00
Passenger Car Sales Activity - Algeria
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
182
130
86
0
398
1,278
182
312
398
398
0.00
Total Units
182
130
86
0
398
1,278
182
312
398
398
0.00
Total Algeria Car Revenue
13.1
10.1
8.1
5.1
36.3
80.7
13.1
23.2
31.2
36.3
0.00
Total Algeria Gross Profit
1.7
0.9
1.0
-3.0
0.6
6.8
1.7
2.6
3.6
0.6
0.00
Passenger Cars Gross Margin
13.2%
8.6%
12.2%
-59.2%
1.6%
8.4%
13.2%
11.2%
11.5%
1.6%
0.00
0.00
Passenger Car Sales Activity - Libya
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
0
0
250
87
337
447
0
0
250
337
0.00
Total Units
0
0
250
87
337
447
0
0
250
337
0.00
Total Libya Car Revenue
0.0
0.0
13.7
12.9
26.5
38.4
0.0
0.0
13.7
26.5
0.00
Total Libya Gross Profit
0.0
0.0
-2.3
-0.8
-3.1
-12.8
0.0
0.0
-2.3
-3.1
0.00
Passenger Cars Gross Margin
0.0%
0.0%
-16.8%
-6.6%
-11.9%
-33.2%
0.0%
0.0%
-16.8%
-11.9%
0.00
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
Two-wheelers
10,368
8,108
9,401
6,356
34,233
51,493.00
10,368
18,476
27,877
34,233
0.00
Three - wheelers
18,600
18,681
19,368
10,838
67,487
85,808.00
18,600
37,281
56,649
67,487
0.00
Total Units
28,968
26,789
28,769
17,194
101,720
137,301
28,968
55,757
84,526
101,720
0.00
Total Two & Three Wheelers Revenues
457.0
483.8
541.5
407.2
1,889.4
1,997.2
457.0
940.8
1,482.3
1,889.4
0.00
Total Two & Three Wheelers Gross Profit
89.2
63.5
76.6
58.8
288.1
346.7
89.2
152.7
229.3
288.1
0.00
Two & Three Wheelers Gross Margin
19.5%
13.1%
14.2%
14.4%
15.2%
17.4%
19.5%
16.2%
15.5%
15.2%
0.00
0.00
Total Motorcycles & Three-Wheelers - Egypt
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
Two-wheelers
10,249
8,071
9,337
6,220
33,877
51,268.00
10,249
18,320
27,657
33,877
0.00
Three - wheelers
18,348
18,416
18,930
10,294
65,988
85,183.00
18,348
36,764
55,694
65,988
0.00
Total Units
28,597
26,487
28,267
16,514
99,865
136,451
28,597
55,084
83,351
99,865
0.00
Total Two & Three Wheelers Revenues- Egypt
452.9
478.8
534.3
392.5
1,858.6
1,987.7
452.9
931.7
1,466.1
1,858.6
0.00
Total Two & Three Wheelers Gross Profit- Egypt
88.5
62.7
75.2
55.3
281.7
345.4
88.5
151.2
226.4
281.7
0.00
Two & Three Wheelers Gross Margin
19.5%
13.1%
14.1%
14.1%
15.2%
17.4%
19.5%
16.2%
15.4%
15.2%
0.00
0.00
Total Motorcycles & Three-Wheelers - Iraq
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
Two-wheelers
119
37
64
136
356
225.00
119
156
220
356
0.00
Three - wheelers
252
265
438
544
1,499
625.00
252
517
955
1,499
0.00
Total Units
371
302
502
680
1,855
850
371
673
1,175
1,855
0.00
Total Two & Three Wheelers Revenues- Iraq
4.1
5.0
7.2
14.7
30.9
9.5
4.1
9.0
16.2
30.9
0.00
Total Two & Three Wheelers Gross Profit- Iraq
0.7
0.8
1.4
3.5
6.4
1.3
0.7
1.5
2.9
6.4
0.00
Two & Three Wheelers Gross Margin
17.3%
15.8%
19.8%
24.1%
20.9%
13.6%
17.3%
16.5%
18.0%
20.9%
0.00
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
Buses (incl Exports)
151
214
222
148
735
1,172
151
365
587
735
0.00
Trucks
613
290
322
331
1,556
1,415
613
903
1,225
1,556
0.00
Tractors
0
28
0
68
96
134
0
28
28
96
0.00
Trailers ( incl Exports)
55
30
18
-1
102
224
55
85
103
102
0.00
CE
35
49
62
39
185
222
35
84
146
185
0.00
Total Units
854.0
611.0
624.0
585.0
2,674.0
3,167
854.0
1,465.0
2,089.0
2,674.0
0.00
Total Commercial Vehicle Revenue
279.8
317.3
322.2
354.9
1,274.1
1,327.9
279.8
597.0
919.2
1,274.1
0.00
Total Commercial Vehicle Gross Profit
38.3
49.2
63.5
81.3
232.4
185.4
38.3
87.6
151.0
232.4
0.00
Commercial Vehicle Gross Margin
13.7%
15.5%
19.7%
22.9%
18.2%
14.0%
13.7%
14.7%
16.4%
18.2%
0.00
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Sales Revenue
109.6
150.2
119.2
186.2
565.2
324.4
109.6
259.8
379.0
565.2
0.00
Gross Profit
22.0
25.5
19.7
38.4
105.7
36.0
22.0
47.6
67.3
105.7
0.00
Gross Margin
20.1%
17.0%
16.6%
20.6%
18.7%
11.1%
20.1%
18.3%
17.8%
18.7%
0.00
0.00
Egypt Tires Sales Activity
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Sales Revenue
91.1
122.6
101.2
147.6
462.5
203.2
91.1
213.7
314.9
462.5
0.00
Gross Profit
20.8
24.2
19.5
36.7
101.3
27.5
20.8
45.1
64.6
101.3
0.00
Gross Margin
22.9%
19.8%
19.3%
24.9%
21.9%
13.6%
22.9%
21.1%
20.5%
21.9%
0.00
0.00
Regional Tires Sales Activity
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Sales Revenue
18.5
27.6
18.0
38.6
102.7
121.2
18.5
46.1
64.1
102.7
0.00
Gross Profit
1.2
1.3
0.2
1.7
4.4
8.5
1.2
2.5
2.7
4.4
0.00
Gross Margin
6.5%
4.7%
1.1%
0.0%
4.2%
7.0%
6.5%
5.4%
4.2%
4.2%
0.00
0.00
Financing Businesses Net
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Sales Revenue
348.3
441.7
428.1
521.4
1,739.6
1,046.2
348.3
790.0
1,218.1
1,739.6
0.00
0.00
Gross Profit
78.7
90.8
109.1
126.3
404.9
233.8
78.7
169.5
278.6
404.9
0.00
Gross Margin
22.6%
20.6%
25.5%
24.2%
23.3%
22.3%
22.6%
21.5%
22.9%
23.3%
0.00
0.00
Others
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Pre-owned Passenger Cars
17
24
31
48
119
4197.4%
17
40
71
119
0.00
Pre-owned CV
0
0
10
23
33
0.0%
0
0
10
33
0.00
Lubricants
20
6
19
17
63
3394.6%
20
26
46
63
0.00
Retail
0
0
0
1
1
0.0%
0
0
0
1
0.00
Transportation
1
0
1
1
2
311.7%
1
1
2
2
0.00
Sales Revenue
37.9
29.7
60.8
90.0
218.5
79.0
37.9
67.7
128.5
218.5
0.00
0.00
Pre-owned Passenger Cars
1
1
2
4
8
237.7%
1
2
4
8
0.00
Pre-owned CV
0
0
1
3
4
0.0%
0
0
1
4
0.00
Lubricants
7
1
8
(0)
16
1345.5%
7
9
17
16
0.00
Retail
0
0
0
0
0
0.0%
0
0
0
0
0.00
Transportation
(2)
2
0
0
1
-686.4%
(2)
0
1
1
0.00
Gross Profit
6.4
4.9
11.5
6.8
29.6
9.0
6.4
11.3
22.8
29.6
0.00
Gross Margin
16.9%
16.6%
18.8%
7.5%
13.5%
11.3%
16.9%
16.8%
17.7%
13.5%
0.00
0.00
Pre-owned Passenger Cars Egypt
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
CBU
134
156
199
225
714
365
134
290
489
714
0.00
Total Units
134
156
199
225
714
365
134
290
489
714
0.00
Pre-Owned Cars Sales Revenue
17.0
23.5
30.6
48.2
119.3
42.0
17.0
40.5
71.1
119.3
0.00
0.00
CBU
0.9
1.4
1.8
4.0
8.1
2.4
1
2
4
8.1
0.00
Pre-owned Cars Gross Profit
0.9
1.4
1.8
4.0
8.1
2.4
0.9
2.3
4.1
8.1
0.00
Gross Margin
5.6%
5.8%
5.8%
8.4%
6.8%
5.7%
5.6%
5.7%
5.8%
6.8%
0.00
0.00
Lubricants
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
Egypt Sales Revenue
20.5
5.8
19.4
17.1
62.7
33.9
20.5
26.2
45.6
62.7
0.00
Egypt Gross Profit
7.5
1.2
7.8
(0.4)
16.1
13.5
7.5
8.7
16.5
16.1
0.00
Gross Margin
36.5%
21.1%
40.4%
-2.3%
25.7%
39.6%
36.5%
33.1%
36.2%
25.7%
0.00
0.00
0.00
Transportation
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
Sales Revenue
0.5
0.4
0.6
0.9
2.4
3.1
0.5
0.9
1.5
2.4
0.00
Gross Profit
(2.0)
2.3
0.3
0.4
1.1
-6.9
(2.0)
0.3
0.6
1.1
0.00
Gross Margin
-386.4%
611.2%
48.3%
49.1%
44.3%
-220.2%
-386.4%
37.1%
41.6%
44.3%
0.00
0.00
Pre-owned CV Egypt
Q1
Q2
Q3
Q4
2016
2015
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
CBU
0
0
13
13
26
0
0
0
13
26
0.00
Total Units
0
0
13
13
26
0
0
0
13
26
0.00
Pre-Owned Cars Sales Revenue
0.0
0.0
10.0
23.3
33.3
0.0
0.0
0.0
10.0
33.3
0.00
0.00
Pre-owned Cars Gross Profit
0.0
0.0
1.5
2.6
4.1
0.0
0.0
0.0
1.5
4.1
0.00
Gross Margin
0.0%
0.0%
15.0%
11.2%
12.4%
0.0%
0.0%
0.0%
15.0%
12.4%
0.00
0.00
2017
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2016
Cash
964.2
1,336.3
987.1
1,242.8
1,225.3
Net Accounts Receivable
2,350.6
2,798.9
3,179.1
2,972.2
2,363.8
Inventory
6,828.1
5,310.0
3,807.4
3,012.8
5,820.4
Other Current Assets
1,429.6
1,262.2
1,721.5
1,375.2
1,313.8
Total Current Assets
11,572.6
10,707.4
9,695.1
8,603.0
10,723.4
Net Fixed Assets
2,412.8
2,358.9
2,389.6
2,517.4
2,803.9
Goodwill and Intangible Assets
442.7
441.1
436.0
430.3
437.2
Lessor Assets
2,550.0
2,674.0
2,892.4
3,085.2
2,095.0
Investment Property
90.9
90.9
90.9
90.9
91.5
Other Long-Term Assets
1,077.1
1,187.3
1,294.4
1,303.5
945.7
Total Long-Term Assets
6,573.5
6,752.2
7,103.5
7,427.4
6,373.3
Total Assets
18,146.1
17,459.7
16,798.6
16,030.4
17,096.8
Short-Term Notes and Debt
8,272.6
7,841.7
7,116.9
7,041.0
7,068.7
Accounts Payable
2,265.0
1,960.3
2,137.4
1,519.8
2,807.9
Other Current Liabilities
370.0
347.2
354.9
391.6
330.7
Total Current Liabilities
10,907.6
10,149.3
9,609.1
8,952.4
10,207.3
Long-Term Notes and Debt
2,184.8
2,327.8
2,421.8
2,573.8
1,663.4
Other Long-Term Liabilities
209.0
310.0
311.4
274.6
234.8
Total Long-Term Liabilities
2,393.8
2,637.8
2,733.1
2,848.4
1,898.2
Minority Interest
1,196.4
1,183.5
1,148.5
1,163.2
1,169.6
Common Stock
1,094.0
1,094.0
1,094.0
1,094.0
1,094.0
Shares Held With the Group
-
-
-
-
(26.5)
Legal Reserve
311.1
313.9
318.5
321.0
311.1
Other Reserves
2,491.2
2,479.3
2,425.0
2,463.0
2,548.9
Retained Earnings (Losses)
(249.0)
(398.1)
(529.6)
(811.5)
105.9
Total Shareholder's Equity
3,647.3
3,489.0
3,307.9
3,066.5
3,821.7
Total Liabilities and Shareholder's Equity
18,146.1
17,459.7
16,798.6
16,030.4
17,096.8
Income Statement
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
2,963.2
4,177.4
5,032.2
5,483.7
17,656.6
15,285.7
2,963.2
7,140.7
12,172.9
17,656.6
0.00
COGS
2,463.2
3,704.1
4,550.7
4,985.8
15,703.8
13,083.6
2,463.2
6,167.3
10,718.0
15,703.8
0.00
Gross Profit
500.1
473.3
481.6
497.9
1,952.8
2,202.1
500.1
973.3
1,454.9
1,952.8
0.00
Gross Profit Margin
16.9%
11.3%
9.6%
9.1%
11.1%
14.4%
16.9%
13.6%
12.0%
11.1%
0.00
0.00
Selling & Marketing
-204.5
-214.7
-233.3
-217.9
-870.4
-744.6
-204.5
-419.2
-652.5
-870.4
0.00
Administration Expenses
-90.3
-102.8
-108.5
-110.8
-412.3
-455.0
-90.3
-193.1
-301.6
-412.3
0.00
Other Income (Expense)
16.0
48.8
41.7
45.1
151.5
29.9
16.0
64.8
106.4
151.5
0.00
Operating Profit
221.3
204.6
181.4
214.3
821.6
1,032.4
221.3
425.9
607.3
821.6
0.00
Operating Profit Margin
7.5%
4.9%
3.6%
3.9%
4.7%
6.8%
7.5%
6.0%
5.0%
4.7%
0.00
0.00
Net Provisions
-16.6
-39.9
-19.6
-127.2
-203.4
-166.4
-16.6
-56.6
-76.1
-203.4
0.00
EBITDA
309.4
270.4
268.4
204.7
1,052.9
1,187.2
312.4
586.6
859.6
1,052.9
0.00
EBITDA margin
10.4%
6.5%
5.3%
3.7%
6.0%
7.8%
10.5%
8.2%
7.1%
6.0%
0.00
0.00
Depreciation
-104.7
-105.8
-106.5
-117.7
-434.7
-321.3
-107.7
-210.5
-317.0
-434.7
0.00
0.00
EBIT
204.7
164.6
161.9
87.0
618.2
866.0
204.7
369.3
531.1
618.2
0.00
EBIT margin
6.9%
3.9%
3.2%
1.6%
3.5%
5.7%
6.9%
5.2%
4.4%
3.5%
0.00
0.00
Forex
-104.5
-23.8
1.1
34.6
-92.6
-1,211.6
-104.5
-128.3
-127.2
-92.6
0.00
Net Interest
-277.8
-332.6
-344.2
-322.8
-1,277.4
-641.7
-277.8
-610.4
-954.6
-1,277.4
0.00
Earnings Before Tax
-177.6
-191.8
-181.2
-201.2
-751.7
-987.4
-177.6
-369.3
-550.6
-751.7
0.00
0.00
Taxes
13.8
21.2
40.1
-47.0
28.1
-2.4
13.8
35.0
75.1
28.1
0.00
Net Profit before Minority Interest
-163.7
-170.6
-141.1
-248.2
-723.7
-989.8
-163.7
-334.3
-475.5
-723.7
0.00
0.00
Minority Interest
9.2
19.7
2.3
25.6
56.8
124.2
9.2
28.9
31.2
56.8
0.00
Net income
-154.5
-150.9
-138.9
-222.6
-666.9
-865.7
-154.5
-305.5
-444.3
-666.9
0.00
Net profit margin
-5.2%
-3.6%
-2.8%
-4.1%
-3.8%
-5.7%
-5.2%
-4.3%
-3.6%
-3.8%
0.00
0.00
Cash Flow Statement
0.00
(LE million)
Q1
Q2
Q3
Q4
2016
0.00
Cash flows from operating activities
0.00
Net profit before tax
(177,582)
(369,348)
(550,569)
(751,729)
266,552
0.00
Adjustments:
0.00
Interest expense
263,566
581,794
916,368
1,224,710
402,494
0.00
Depreciation and amortization
104,716
210,518
317,023
434,762
0.00
Provisions - net
9,393
33,742
47,373
159,586
25,430
0.00
Impairment losses on current assets (net)
(3,057)
(12,458)
(24,709)
64,386
(4,593)
0.00
ESOP Fair Value
611
1,221
1,832
2,442
13,997
0.00
(Gain)/Loss on sale of treasury stocks
(50,638)
(50,638)
(50,638)
(50,638)
0.00
Loss on sale at assets held for sale
(21,229)
0.00
(Gain) / loss on sale of property and equipments
(1,109)
(26,682)
(39,233)
(45,685)
(2,405)
0.00
Interest income
(6,274)
(16,066)
(27,230)
(31,218)
(19,257)
0.00
Loans interest expense capitalized on property, plant and equipment
(5,772)
(14,167)
(9,305)
0.00
Loans capitalized interest
(24,568)
(37,329)
0.00
Deferred revenue amortization - Marketing contract
0.00
Loss on fixed assets value
0.00
Gain for the re-valuation of investments property
0.00
FX gain/loss (non realized)
(4,536)
(2,715)
4,115
- 0
0.00
Gain on sale of investment property
(344)
(344)
(344)
(344)
0.00
Net profit before changes in working capital
128,974
334,857
569,420
968,943
651,684.0
0.00
Changes in working capital
0.00
Inventories
(996,711)
546,741
2,069,736
2,809,414
(501,328)
0.00
Accounts and notes receivables
84,317
(491,223)
(845,749)
(901,307)
(926,721)
0.00
Debtors and other debit balances
(102,751)
62,358
(392,690)
(9,253)
1,527
0.00
Due from related parties
(3,475)
(32,884)
(35,550)
(53,314)
(54,790)
0.00
Due to related parties
28,084
26,207
6,371
(643)
(24,203)
0.00
Trade payables other credit balances
(613,175)
(850,720)
(643,102)
(1,242,397)
(21,383)
0.00
Cash flow generated from operating
(1,474,737)
(404,664)
728,436
1,571,443
(875,214)
0.00
Provisions used
(9,614)
(21,618)
(33,834)
(85,279)
(23,194)
0.00
Income tax paid during the year
(9,273)
(53,276)
(54,278)
(102,795)
(62,896)
0.00
Employee Dividends
(2,029)
(12,000)
(12,000)
(40,000)
(55,235)
0.00
Net cash flow (used in) generated from operating activities
(1,495,653)
(491,558)
628,324
1,343,369
(1,016,539)
0.00
0.00
Cash flows from investing activities
0.00
Payments for projects under constructions
(507,977)
(613,507)
(1,011,277)
(1,429,438)
(1,173,654)
0.00
Change in non controlling interests without changing in control
0.00
Purchase of intangible assets
(995)
(1,228)
(2,332)
(2,332)
(2,422)
0.00
Interest received
(3,585)
11,871
19,194
30,772
14,969
0.00
Proceeds from sale of property, plant and equipment
109,369
156,082
140,307
319,137
189,390
0.00
Proceeds from sale of investments property
0.00
Proceeds from sale at assets held for sale
0.00
Treasury bills
0.00
Under Payements for investments
(229)
(229)
(979)
Net cash flow used in investing activities
(403,188)
(447,011)
(854,337)
(1,082,840)
(971,717)
0.00
0.00
Cash flows from financing activities
0.00
Loans and borrowings
1,724,630
1,436,818
770,345
846,449
1,538,182
0.00
Proceeds from minority share subsidiaries capital
1,750
1,750
1,750
2,071
0.00
Proceeds from capital increase
0.00
Dividends paid
0.00
Bonds liabilities
0.00
Proceed from sale of treasury shares
77,144
77,144
77,144
77,144
0.00
Long-term notes payables
661
447
258
558
0.00
Interest paid
(214,486)
(506,922)
(851,250)
(1,164,079)
(374,830)
0.00
Net cash flow generated from financing activities
1,587,949
1,009,237
(1,753)
(238,178)
0.00
0.00
Net (decrease) / increase in cash and cash equivalents
(310,892)
70,668
(227,766)
22,351
(591,714)
Cash and cash equivalents at beginning of the year
1,225,300
1,225,300
1,225,300
1,225,300
1,188,704
Translation differences
49,833
40,330
(10,479)
(4,875)
158,590
Cash and cash equivalents at end of the year
964,241
1,336,298
987,055
1,242,776
755,580
0.00
Segmental Breakdown
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
2,354
4,436
4,882
6,288
17,960
30,179
2,354
6,790
11,672
17,960
0.00
CKD
2,621
5,008
8,041
5,783
21,453
28,868
2,621
7,629
15,670
21,453
0.00
Total Units
4,975
9,444
12,923
12,071
39,413
59,047
4,975
14,419
27,342
39,413
0.00
0.00
Total Passenger Car Revenue
1,401.8
2,439.0
3,098.2
3,201.2
10,140.2
9,598.8
1,401.8
3,840.8
6,938.9
10,140.2
0.00
Total Passenger Gross Profit
213.0
142.7
127.2
79.8
562.8
1,141.4
213.0
355.7
482.9
562.8
0.00
Passenger Cars Gross Margin
15.2%
5.9%
4.1%
2.5%
5.5%
11.9%
15.2%
9.3%
9.3%
5.5%
0.00
0.00
Passenger Car Sales Activity - Egypt
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
1,405
1,475
2,936
4,247
10,063
23,838
1,405
2,880
5,816
10,063
0.00
CKD
2,621
5,008
8,041
5,783
21,453
28,868
2,621
7,629
15,670
21,453
0.00
Total Units
4,026
6,483
10,977
10,030
31,516
52,706
4,026
10,509
21,486
31,516
0.00
0.00
Total Egypt Passenger Car Revenue
1,048.4
1,436.0
2,409.3
2,631.4
7,525.2
8,531.1
1,048.4
2,484.5
4,893.8
7,525.2
0.00
Total Egypt Passenger Gross Profit
182.5
112.8
96.8
108.4
500.5
1,132.6
182.5
295.3
392.1
500.5
0.00
Passenger Cars Gross Margin
17.4%
7.9%
4.0%
4.1%
6.7%
13.3%
17.4%
11.9%
11.9%
6.7%
0.00
0.00
Hyundai Egypt Passenger Cars
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
1,212
1,233
2,703
3,959
9,107
22,134
1,212
2,445
5,148
9,107
0.00
CKD
1,497
3,040
3,943
4,327
12,807
16,330
1,497
4,537
8,480
12,807
0.00
Total Units
2,709
4,273
6,646
8,286
21,914
38,464
2,709
6,982
13,628
21,914
0.00
0.00
Total Passenger Car Revenue
648.5
902.9
1,596.8
2,129.3
5,277.6
6,827.0
811.6
1,883.5
3,657.2
5,962.3
0.00
Total Passenger Gross Profit
69.0
39.8
59.6
76.3
244.6
962.1
126.5
221.4
335.1
461.7
0.00
Passenger Cars Gross Margin
15.6%
8.9%
6.4%
5.5%
7.7%
14.1%
15.6%
11.8%
11.8%
7.7%
0.00
0.00
Geely Egypt Passenger Cars
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
2
1
1
101
105
6
2
3
4
105
0.00
CKD
308
660
1,484
399
2,851
3,899
308
968
2,452
2,851
0.00
Total Units
310
661
1,485
500
2,956
3,905
310
971
2,456
2,956
0.00
0.00
Total Geely Car Revenue
43.0
86.9
191.1
405.5
726.5
379.5
43.0
129.8
321.0
726.5
0.00
Total Geely Gross Profit
6.6
-13.8
-35.1
-57.0
-57.0
12.5
6.6
-7.2
-42.4
-57.0
0.00
Geely Cars Gross Margin
15.3%
-15.9%
-18.4%
-14.1%
-14.1%
3.3%
15.3%
-5.6%
-5.6%
-14.1%
0.00
0.00
Mazda Egypt Passenger Cars
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
191
241
232
187
851
1,698
191
432
664
851
0.00
Total Units
191
241
232
187
851
1,698
191
432
664
851
0.00
0.00
Total Mazda Car Revenue
57.5
74.0
69.7
62.8
264.0
374.5
57.5
131.5
201.2
264.0
0.00
Total Mazda Gross Profit
17.9
4.0
-0.4
0.7
22.3
60.3
17.9
21.9
21.5
22.3
0.00
Passenger Cars Gross Margin
31.1%
5.4%
-0.6%
1.2%
8.4%
16.1%
31.1%
16.6%
16.6%
8.4%
0.00
Chery Egypt Passenger Cars
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CKD
706
1,239
2,474
1,058
5,477
8,176
706
1,945
4,419
5,477
0.00
Total Units
706
1,239
2,474
1,058
5,477
8,176
706
1,945
4,419
5,477
0.00
0.00
Total Chery Car Revenue
126.8
196.8
361.0
178.3
863.0
917.9
126.8
323.7
684.7
863.0
0.00
Total Chery Gross Profit
29.4
27.5
17.5
-2.8
71.7
100.0
29.4
56.9
74.5
71.7
0.00
Passenger Cars Gross Margin
23.2%
14.0%
4.9%
-1.6%
8.3%
10.9%
23.2%
17.6%
17.6%
8.3%
0.00
0.00
KARRY Egypt Passenger Cars
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CKD
110
69
140
-1
318
463
110
179
319
318
0.00
Total Units
110
69
140
(1)
318
463
110
179
319
318
0.00
0.00
Total KARRY Car Revenue
9.5
6.4
13.7
0.8
30.4
32.1
9.5
15.9
29.6
30.4
0.00
Total KARRY Gross Profit
2.1
0.2
1.1
-1.6
1.8
-2.4
2.1
2.3
3.4
1.8
0.00
Passenger Cars Gross Margin
21.8%
3.7%
7.9%
-200.0%
6.1%
-7.3%
21.8%
14.5%
14.5%
6.1%
0.00
0.00
Passenger Car Sales Activity - Iraq
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
854
2,703
1,932
1,976
7,465
5,606
854
3,557
5,489
7,465
0.00
Total Units
854
2,703
1,932
1,976
7,465
5,606
854
3,557
5,489
7,465
0.00
0.00
Total IRAQ Car Revenue
321.5
958.6
679.4
538.2
2,497.8
1,004.9
321.5
1,280.2
1,959.6
2,497.8
0.00
Total IRAQ Gross Profit
22.8
10.0
28.1
-33.3
27.6
11.4
22.8
32.8
60.9
27.6
0.00
Passenger Cars Gross Margin
7.1%
1.0%
4.1%
-6.2%
1.1%
1.1%
7.1%
2.6%
2.6%
1.1%
0.00
0.00
Passenger Car Sales Activity - Algeria
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
95
59
14
65
233
398
95
154
168
233
0.00
Total Units
95
59
14
65
233
398
95
154
168
233
0.00
Average Price
271,783
277,927
291,039
235,003
264,235
64,603
271,783
274,137
274,137
264,235
0.00
0.00
Total Algeria Car Revenue
31.8
19.5
9.5
21.1
81.9
36.3
31.8
51.3
60.7
81.9
0.00
Total Algeria Gross Profit
7.7
4.3
2.4
4.7
19.1
0.6
7.7
12.0
14.4
19.1
0.00
Passenger Cars Gross Margin
24.2%
22.2%
24.9%
22.3%
23.3%
1.6%
24.2%
23.5%
23.5%
23.3%
0.00
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
Two-wheelers
5,080
4,692
1,923
2,582
14,277
34,233.00
5,080
9,772
11,695
14,277
0.00
Three - wheelers
12,085
18,155
22,017
24,334
76,591
67,487.00
12,085
30,240
52,257
76,591
0.00
Total Units
17,165
22,847
23,940
26,916
90,868
101,720
17,165
40,012
63,952
90,868
0.00
0.00
Total Two & Three Wheelers Revenues
434.6
600.8
703.4
801.9
2,540.6
1,889.4
434.6
1,035.4
1,738.7
2,540.6
0.00
Total Two & Three Wheelers Gross Profit
42.2
80.1
93.7
109.8
216.1
288.1
42.2
122.4
216.1
216.1
0.00
Two & Three Wheelers Gross Margin
9.7%
13.3%
13.3%
13.7%
12.4%
15.2%
9.7%
11.8%
11.8%
12.4%
0.00
0.00
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
Buses (incl Exports)
128
166
172
176
642
735
128
294
466
642
0.00
Trucks
205
141
150
254
750
1,556
205
346
496
750
0.00
Tractors
8
13
0
0
21
96
8
21
21
21
0.00
Trailers ( incl Exports)
47
41
37
40
165
102
47
88
125
165
0.00
CE
21
25
30
45
121
185
21
46
76
121
0.00
Total Units
409.0
386.0
389.0
515.0
1,699.0
2,674
409.0
795.0
1,184.0
1,699.0
0.00
0.00
Total Commercial Vehicle Revenue
316.0
288.4
294.9
392.6
1,291.9
1,274.1
316.0
604.4
899.3
1,291.9
0.00
Total Commercial Vehicle Gross Profit
62.7
52.6
48.5
57.3
221.1
232.4
62.7
115.3
163.8
221.1
0.00
Commercial Vehicle Gross Margin
19.8%
18.2%
16.4%
14.6%
17.1%
18.2%
19.8%
19.1%
19.1%
17.1%
0.00
0.00
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Sales Revenue
143.0
199.2
263.8
228.4
834.4
565.2
143.0
342.2
606.0
834.4
0.00
Gross Profit
23.4
32.1
44.4
41.6
141.5
105.7
23.4
55.5
99.9
141.5
0.00
Gross Margin
16.4%
16.1%
16.8%
18.2%
17.0%
18.7%
16.4%
16.2%
16.2%
17.0%
0.00
0.00
Financing Businesses
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
GB Lease
179
197
222
257
854
473.9
179
376
598
854
0.00
Mashroey
180
237
222
265
905
648.7
180
417
640
905
0.00
Drive
371
291
276
383
1,321
1,263.4
371
662
938
1,321
0.00
Tasaheel
39
54
70
92
255
65.8
39
93
163
255
0.00
HTT
10
11
12
12
45
26.4
10
21
33
45
0.00
Sales Revenue
778.8
790.4
803.5
1,008.4
3,381.1
2,478.3
778.8
1,569.2
2,372.7
3,381.1
0.00
Gross Profit
144.6
158.7
157.7
195.1
656.2
404.9
144.6
303.4
461.1
656.2
0.00
Gross Margin
18.6%
20.1%
19.6%
19.3%
19.4%
16.3%
18.6%
19.3%
19.3%
19.4%
0.00
Others
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
In LE Million
0.00
Pre-owned Passenger Cars
37
38
38
50
164
11925.2%
37
76
113
164
0.00
Pre-owned CV
11
6
1
8
26
3330.9%
11
17
18
26
0.00
Lubricants
21
20
27
25
94
6266.3%
21
41
69
94
0.00
Retail
1
1
1
1
4
87.8%
1
2
2
4
0.00
Transportation
0
0
0
0
1
239.5%
0
0
1
1
0.00
Sales Revenue
70.2
65.3
67.1
85.3
287.9
218.5
70.2
135.5
202.6
287.9
0.00
Gross Profit
14.0
7.0
9.9
14.3
45.3
29.6
14.0
21.1
31.0
45.3
0.00
Gross Margin
20.0%
10.8%
14.8%
16.8%
15.3%
13.5%
20.0%
15.5%
15.5%
15.3%
0.00
0.00
Pre-owned Passenger Cars Egypt
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.00
CBU
134
145
153
217
649
714
134
279
432
649
0.00
Total Units
134
145
153
217
649
714
134
279
432
649
0.00
Pre-Owned Cars Sales Revenue
37.2
38.5
37.8
50.2
163.7
119.3
37.2
75.6
113.5
163.7
0.00
Pre-owned Cars Gross Profit
2.0
1.0
1.8
2.8
7.5
8.1
2.0
3.0
4.8
7.5
0.00
Gross Margin
5.3%
2.7%
4.7%
5.5%
4.6%
6.8%
5.3%
4.0%
4.0%
4.6%
0.00
0.00
Lubricants
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
Egypt Sales Revenue
21.5
19.7
27.5
25.4
94.0
62.7
21.5
41.2
68.6
94.0
0.00
Egypt Gross Profit
10.0
5.5
8.4
9.0
32.9
16.1
10.0
15.5
24.0
32.9
0.00
Gross Margin
46.6%
28.0%
30.7%
35.4%
35.0%
25.7%
46.6%
37.7%
37.7%
35.0%
0.00
0.00
Retail
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
Egypt Sales Revenue
0.5
1.0
0.9
1.0
3.5
0.9
0.5
1.5
2.5
3.5
0.00
Egypt Gross Profit
0.1
0.1
0.1
0.1
0.5
0.1
0.1
0.2
0.4
0.5
0.00
Gross Margin
18.9%
14.4%
12.2%
13.4%
14.2%
15.1%
18.9%
16.0%
16.0%
14.2%
0.00
0.00
Transportation
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
In LE Million
0.00
Sales Revenue
0.2
0.1
0.1
0.1
0.6
2.4
0.2
0.4
0.5
0.6
0.00
Gross Profit
(0.0)
(0.3)
(0.5)
0.8
0.0
1.1
(0.0)
(0.3)
(0.8)
0.0
0.00
Gross Margin
-6.4%
-188.3%
-338.9%
764.7%
6.9%
44.3%
-6.4%
-77.8%
-77.8%
6.9%
0.00
0.00
Pre-owned CV Egypt
Q1
Q2
Q3
Q4
2017
2016
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
CBU
10
5
1
5
21
26
10
15
16
21
0.00
Total Units
10
5
1
5
21
26
10
15
16
21
0.00
Pre-Owned Cars Sales Revenue
10.9
6.0
0.7
8.5
26.0
33.3
10.9
16.9
17.6
26.0
0.00
2018
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2017
Cash
1,494.8
1,873.1
1,318.3
1,179.2
1,242.8
Net Accounts Receivable
3,507.8
3,998.0
4,379.9
4,611.0
2,972.2
Inventory
3,009.9
3,467.7
4,017.3
4,820.8
3,012.8
Other Current Assets
1,768.5
2,052.9
2,484.7
1,827.3
1,375.2
Total Current Assets
9,781.0
11,391.9
12,200.2
12,438.3
8,603.0
Net Fixed Assets
2,596.1
2,655.0
2,662.0
2,465.4
2,517.4
Goodwill and Intangible Assets
429.2
430.9
430.2
430.2
430.3
Lessor Assets
3,150.1
3,312.5
3,299.5
3,805.7
3,085.2
Investment Property
90.9
90.9
90.9
90.9
90.9
Other Long-Term Assets
1,400.8
1,531.4
1,705.0
1,840.4
1,303.5
Total Long-Term Assets
7,667.1
8,020.7
8,187.6
8,632.6
7,427.4
Total Assets
17,448.1
19,412.6
20,387.8
21,070.9
16,030.4
Short-Term Notes and Debt
7,526.5
8,847.8
9,060.1
9,251.8
7,041.0
Accounts Payable
2,224.7
2,836.4
2,797.6
2,783.3
1,519.8
Other Current Liabilities
390.8
340.5
447.5
429.7
391.6
Total Current Liabilities
10,142.0
12,024.8
12,305.2
12,464.8
8,952.4
Long-Term Notes and Debt
2,753.1
2,775.1
2,718.0
3,170.9
2,573.8
Other Long-Term Liabilities
268.5
263.6
265.6
224.9
274.6
Total Long-Term Liabilities
3,021.6
3,038.7
2,983.6
3,395.8
2,848.4
Minority Interest
1,187.2
1,195.7
1,259.6
1,290.7
1,163.2
Common Stock
1,094.0
1,094.0
1,094.0
1,094.0
1,094.0
Legal Reserve
336.0
329.2
331.5
331.5
321.0
Other Reserves
2,449.6
2,482.8
2,504.6
2,490.7
2,463.0
Retained Earnings (Losses)
(782.4)
(752.5)
(90.5)
3.4
(811.5)
Total Shareholder's Equity
3,097.3
3,153.4
3,839.6
3,919.6
3,066.5
Total Liabilities and Shareholder's Equity
17,448.1
19,412.6
20,388.0
21,070.9
16,030.4
Income Statement
Q1
Q2
Q3
Q4
2018
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
4,760.8
6,091.0
7,919.8
7,040.5
25,812.0
0.000
17,656.6
4,760.8
10,851.8
18,771.5
25,812.0
0.00
COGS
4,053.2
5,224.1
6,805.8
6,165.0
22,248.0
0.000
15,703.8
4,053.2
9,277.3
16,083.0
22,248.0
0.00
Gross Profit
707.6
866.9
1,114.0
875.5
3,564.0
0.000
1,952.8
707.6
1,574.5
2,688.5
3,564.0
0.00
Gross Profit Margin
14.9%
14.2%
14.1%
12.4%
13.8%
0.000
11.1%
14.9%
14.5%
14.3%
13.8%
0.00
0.000
0.00
Selling & Marketing
-260.4
-280.8
-318.0
-348.4
-1,207.6
0.000
-870.4
-260.4
-541.2
-859.2
-1,207.6
0.00
Administration Expenses
-137.5
-121.1
-107.2
-129.1
-494.9
0.000
-412.3
-137.5
-258.6
-365.8
-494.9
0.00
Other Income (Expense)
31.2
46.5
41.8
53.6
173.1
0.000
151.5
31.2
77.7
119.5
173.1
0.00
Operating Profit
340.9
511.5
730.6
451.6
2,034.6
0.000
821.6
340.9
852.4
1,583.0
2,034.6
0.00
Operating Profit Margin
7.2%
8.4%
9.2%
6.4%
7.9%
0.000
4.7%
7.2%
7.9%
8.4%
7.9%
0.00
0.000
0.00
Net Provisions
19.4
-20.6
-70.5
12.6
-59.1
0.000
-203.4
19.4
-1.2
-71.7
-59.1
0.00
EBITDA
482.0
615.5
619.0
522.4
2,238.8
0.000
1,063.5
482.0
1,097.5
1,716.5
2,238.8
0.00
EBITDA margin
10.1%
10.1%
7.8%
7.4%
8.7%
0.000
6.0%
10.1%
10.1%
9.1%
8.7%
0.00
0.000
0.00
Depreciation
-121.7
-124.6
41.1
-58.3
-263.4
0.000
-445.3
-121.7
-246.3
-205.2
-263.4
0.00
0.000
0.00
EBIT
360.3
490.9
660.1
464.1
1,975.4
0.000
618.2
360.3
851.2
1,511.3
1,975.4
0.00
EBIT margin
7.6%
8.1%
8.3%
6.6%
7.7%
0.000
3.5%
7.6%
7.8%
8.1%
7.7%
0.00
0.000
0.00
Forex
-0.2
-11.4
-13.5
-5.0
-30.1
0.000
-92.6
-0.2
-11.6
-25.1
-30.1
0.00
Net Interest
-281.3
-275.9
-313.5
-286.4
-1,157.2
0.000
-1,277.4
-281.3
-557.3
-870.8
-1,157.2
0.00
Earnings Before Tax
78.8
203.5
333.1
172.7
788.1
0.000
-751.7
78.8
282.3
615.4
788.1
0.00
0.000
0.00
Taxes
-16.7
-33.1
-50.3
-51.3
-151.4
0.000
28.1
-16.7
-49.8
-100.1
-151.4
0.00
Net Profit before Minority Interest
62.1
170.4
282.8
121.5
636.7
0.000
-723.7
62.1
232.5
515.3
636.7
0.00
0.000
0.00
Minority Interest
-28.6
-22.4
-42.4
-27.7
-121.0
0.000
56.8
-28.6
-50.9
-93.4
-121.0
0.00
Net income
33.5
148.1
240.4
93.8
515.7
0.000
-666.9
33.5
181.5
421.9
515.7
0.00
Net profit margin
0.7%
2.4%
3.0%
1.3%
2.0%
0.000
-3.8%
0.7%
1.7%
2.2%
2.0%
0.00
0.000
0.00
Cash Flow Statement
0.000
0.00
(LE million)
Q1
Q2
Q3
Q4
0.000
2017
0.00
Cash flows from operating activities
0.000
0.00
Net profit before tax
78,809
282,320
615,418
788,148
0.000
-751,729.0
0.00
Adjustments:
0.000
0.00
Interest expense
280,256
606,153
917,945
1,346,704
0.000
1,224,710.0
0.00
Depreciation and amortization
117,152
236,156
354,012
434,327
0.000
434,762.0
0.00
Provisions - net
(18,843)
(14,318)
45,109
25,151
0.000
159,586.0
0.00
Impairment losses on current assets (net)
(43,684)
15,517
(30,377)
(28,716)
0.000
64,386.0
0.00
ESOP Fair Value
0.000
2,442.0
0.00
(Gain)/Loss on sale of treasury stocks
0.000
-50,638.0
0.00
Loss on sale at assets held for sale
0.000
0.00
(Gain) / loss on sale of property and equipments
(2,003)
(14,830)
(33,613)
(38,818)
0.000
-45,685.0
0.00
Interest income
(14,224)
(48,858)
(103,862)
(171,992)
0.000
-31,218.0
0.00
Loans interest expense capitalized on property, plant and equipment
(14,741)
(31,116)
(45,450)
(50,884)
0.000
0.00
Loans capitalized interest
0.000
-37,329.0
0.00
Deferred revenue amortization - Marketing contract
0.000
0.00
Loss on fixed assets value
0.000
0.00
Gain for the re-valuation of investments property
0.000
0.00
FX gain/loss (non realized)
5,569
0.000
0.0
0.00
Gain on sale of investment property
(33,613)
0.000
-344.0
0.00
Net profit before changes in working capital
388,291
1,031,024
1,719,191
2,303,920
0.000
968,943.0
0.00
Changes in working capital
0.000
0.00
Inventories
46,362
(404,942)
(947,111)
(1,745,798)
0.000
2,809,414.0
0.00
Accounts and notes receivables
(611,916)
(1,250,381)
(1,819,515)
(2,197,387)
0.000
-901,307.0
0.00
Debtors and other debit balances
(405,609)
(696,174)
(1,142,733)
(393,125)
0.000
-9,253.0
0.00
Due from related parties
(2,915)
21,097
24,107
(77,347)
0.000
-53,314.0
0.00
Due to related parties
(248)
560
4,180
24,794
0.000
-643.0
0.00
Trade payables other credit balances
624,830
1,290,836
1,257,593
1,211,084
0.000
-1,242,397.0
0.00
Cash flow generated from operating
38,345
(7,980)
(904,288)
(873,859)
0.000
1,571,443.0
0.00
Provisions used
(10,371)
(20,853)
(19,674)
(41,010)
0.000
-85,279.0
0.00
Income tax paid during the year
(347)
(77,888)
(78,362)
(88,568)
0.000
-102,795.0
0.00
Employee Dividends
0.000
-40,000.0
0.00
Net cash flow (used in) generated from operating activities
27,627
(106,721)
(1,002,324)
(1,003,437)
0.000
1,343,369.0
0.00
0.000
0.00
Cash flows from investing activities
0.000
0.00
Payments for projects under constructions
(763,090)
(1,537,235)
(2,180,707)
(3,288,502)
0.000
-1,429,438.0
0.00
Change in non controlling interests without changing in control
(167,827)
(167,827)
(167,827)
0.000
0.00
Purchase of intangible assets
(2,870)
(2,870)
(2,870)
0.000
-2,332.0
0.00
Interest received
13,832
46,513
102,773
167,225
0.000
30,772.0
0.00
Proceeds from sale of property, plant and equipment
518,964
911,761
1,504,545
2,191,960
0.000
319,137.0
0.00
Proceeds from sale of investments property
0.000
0.00
Proceeds from minority share subsidiaries capital
480,000
480,000
0.000
0.00
Under Payements for investments in sister companies
(8,032)
(8,034)
0.000
0.00
Under Payements for investments
(1,000)
0.000
-979.0
0.00
Net cash flow used in investing activities
(230,294)
(749,758)
(753,118)
(629,048)
0.000
-1,082,840.0
0.00
0.000
0.00
Cash flows from financing activities
0.000
0.00
Loans and borrowings
664,854
2,008,116
2,163,331
2,807,879
0.000
846,449.0
0.00
Proceeds from minority share subsidiaries capital
32,000
32,000
38,468
0.000
1,750.0
0.00
Proceeds from capital increase
0.000
0.00
Dividends paid
0.000
0.00
Bonds liabilities
0.000
0.00
Proceed from sale of treasury shares
0.000
77,144.0
0.00
Long-term notes payables
438
(94)
(558)
(558)
0.000
558.0
0.00
Interest paid
(202,889)
(588,868)
(902,387)
(1,316,644)
0.000
-1,164,079.0
0.00
Net cash flow generated from financing activities
526,403
1,451,154
1,772,386
1,529,145
-238,178.0
Net (decrease) / increase in cash and cash equivalents
259,736
594,775
17,944
(104,340)
22,351.0
Cash and cash equivalents at beginning of the year
1,242,776
1,242,776
1,242,776
1,242,776
1,225,300.0
Translation differences
(7,662)
35,591
57,592
40,839
-4,875.0
Cash and cash equivalents at end of the year
1,494,850
1,873,142
1,318,312
1,179,275
1,242,776.0
0.000
0.00
0.000
0.00
Segmental Breakdown
0.000
0.00
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2018
0.000
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.000
0.00
CBU
5,132
6,183
10,217
8,058
29,590
0.000
17,960
5,132
11,315
21,532
29,590
0.00
CKD
3,683
5,360
5,055
3,721
17,819
0.000
21,453
3,683
9,043
14,098
17,819
0.00
Total Units
8,815
11,543
15,272
11,779
47,409
0.000
39,413
8,815
20,358
35,630
47,409
0.00
Average Price
246,961
267,772
299,138
293,843
280,484
0.000
233,259
246,961
258,761
276,067
280,484
0.00
0.000
0.00
Total Egypt Passenger Car Revenue
1,733.4
2,823.8
3,919.6
2,637.5
11,114.3
0.000
7,525.2
1,733.4
4,557.2
8,476.8
11,114.3
0.00
Total Egypt Passenger Gross Profit
189.2
311.1
448.1
260.0
1,208.4
0.000
500.5
189.2
500.3
948.4
1,208.4
0.00
Passenger Cars Gross Margin
10.9%
11.0%
11.4%
9.9%
10.9%
0.000
6.7%
10.9%
11.0%
11.2%
10.9%
0.00
0.000
0.00
0.000
0.00
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2018
0.000
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.000
0.00
Two-wheelers
5,228
6,994
11,324
11,785
35,331
0.000
15,694.00
5,228
12,222
23,546
35,331
0.00
Three - wheelers
25,767
26,754
28,576
32,495
113,592
0.000
75,174.00
25,767
52,521
81,097
113,592
0.00
Total Units
30,995
33,748
39,900
44,280
148,923
0.000
90,868
30,995
64,743
104,643
148,923
0.00
Average Price
28,138
28,158
27,390
28,412
28,024
0.000
26,377
28,138
28,148
27,859
28,024
0.00
0.000
0.00
Total Two & Three Wheelers Revenues
916.4
997.2
1,139.2
1,306.0
4,358.9
0.000
2,540.6
916.4
1,913.6
3,052.8
4,358.9
0.00
Total Two & Three Wheelers Gross Profit
156.5
157.5
182.1
202.8
698.9
0.000
325.9
156.5
314.0
496.1
698.9
0.00
Two & Three Wheelers Gross Margin
17.1%
15.8%
16.0%
15.5%
16.0%
0.000
12.8%
17.1%
16.4%
16.3%
16.0%
0.00
0.000
0.00
0.000
0.00
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2018
0.000
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.000
0.00
Buses (incl Exports)
119
190
247
207
763
0.000
642
119
309
556
763
0.00
Trucks
258
382
129
229
998
0.000
750
258
640
769
998
0.00
Tractors
44
0
0
34
78
0.000
21
44
44
44
78
0.00
Trailers ( incl Exports)
91
62
50
51
254
0.000
165
91
153
203
254
0.00
CE
34
27
35
49
145
0.000
121
34
61
96
145
0.00
Total Units
546.0
661.0
461.0
570.0
2,238.0
0.000
1,699
546.0
1,207.0
1,668.0
2,238.0
0.00
Average Price
573,760
615,014
739,401
783,309
673,435
0.000
642,829
573,760
596,353
635,888
673,435
0.00
Total Commercial Vehicle Revenue
362.8
464.1
405.3
512.9
1,745.1
0.000
1,291.9
362.8
826.9
1,232.2
1,745.1
0.00
Total Commercial Vehicle Gross Profit
58.4
56.0
58.0
38.2
210.6
0.000
221.1
58.4
114.4
172.3
210.6
0.00
Commercial Vehicle Gross Margin
16.1%
12.1%
14.3%
7.5%
12.1%
0.000
17.1%
16.1%
13.8%
14.0%
12.1%
0.00
0.000
0.00
0.000
0.00
Tires Sales Activity
Q1
Q2
Q3
Q4
2018
0.000
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.000
0.00
In LE Million
0.000
0.00
Sales Revenue
194.2
291.1
374.2
281.0
1,140.5
0.000
834.4
194.2
485.3
859.5
1,140.5
0.00
Gross Profit
34.4
47.9
59.0
40.6
182.0
0.000
141.5
34.4
82.3
141.3
182.0
0.00
Gross Margin
17.7%
16.5%
15.8%
14.5%
16.0%
0.000
17.0%
17.7%
17.0%
16.4%
16.0%
0.00
0.000
0.00
Financing Businesses Net
Q1
Q2
Q3
Q4
2018
0.000
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.000
0.00
In LE Million
0.000
0.00
GB Lease
209
204
187
184
784
0.000
689.9
209
413
600
784
0.00
Mashroey
180
191
253
241
865
0.000
566.5
180
370
624
865
0.00
Drive
230
304
381
437
1,353
0.000
1004.9
230
535
916
1,353
0.00
Tasaheel
115
146
173
192
626
0.000
255.4
115
261
434
626
0.00
HTT
14
15
18
19
65
0.000
44.9
14
29
47
65
0.00
Sales Revenue
748.6
859.5
1,012.2
1,073.2
3,693.5
0.000
2561.6
748.6
1,608.1
2,620.3
3,693.5
0.00
0.000
0.00
Gross Profit
206.0
235.1
284.2
312.2
1,037.6
0.000
656.2
206.0
441.2
725.3
1,037.6
0.00
Gross Margin
27.5%
27.4%
28.1%
29.1%
28.1%
0.000
25.6%
27.5%
27.4%
27.7%
28.1%
0.00
0.000
0.00
Others
Q1
Q2
Q3
Q4
2018
0.000
2017
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
ERROR:#VALUE!
0.000
0.00
In LE Million
0.000
0.00
Pre-owned Passenger Cars
60
89
84
100
333
0.000
163.7
60
148
232
333
0.00
Pre-owned CV
19
7
13
17
56
0.000
26.0
19
27
39
56
0.00
GB Water
0
0
0
0
0
0.000
0.0
0
0
0
0
Lubricants
28
32
37
31
128
0.000
94.0
28
60
97
128
0.00
Retail
1
1
1
2
5
0.000
3.5
1
2
3
5
0.00
GB Logistics Egypt
0
0
9
14
23
0.000
0.0
0
0
9
23
GB Logistics Egypt Elimination
0
0
(9)
(14)
-23
0.000
0.0
0
0
(9)
(23)
Manufacturing Feeding Industries Egypt
0
0
35
24
59
0.000
0.0
0
0
35
59
Manufacturing Feeding Industries Egypt Elimination
0
0
(35)
(24)
-59
0.000
0.0
0
0
(35)
(59)
Transportation
0
0
0
0
0
0.000
0.6
0
0
0
0
0.00
Sales Revenue
108.5
128.7
135.2
149.8
522.2
0.000
287.9
108.5
237.2
372.4
522.2
0.00
0.000
0.00
Gross Profit
13.6
13.6
13.6
12.9
53.7
0.000
45.3
13.6
27.2
40.8
53.7
0.00
Gross Margin
12.6%
10.5%
10.1%
8.6%
10.3%
0.000
15.8%
12.6%
11.5%
11.0%
10.3%
0.00
2019
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2018
Cash
1,436.3
1,796.9
1,704.2
1,408.9
1,179.3
Net Accounts Receivable
5,487.8
6,594.2
6,679.9
6,435.5
5,329.0
Inventory
5,021.0
4,593.2
3,492.0
3,788.2
4,820.8
Other Current Assets
1,695.6
1,574.7
1,832.3
2,499.2
1,847.1
Total Current Assets
13,640.7
14,559.1
13,708.4
14,131.8
13,176.2
Net Fixed Assets
2,498.0
3,983.0
4,106.7
4,043.2
3,839.2
Goodwill and Intangible Assets
430.4
430.2
430.2
433.9
430.2
Lessor Assets
3,726.1
- 0
- 0
- 0
- 0
Investment Property
90.9
90.9
90.9
90.9
90.9
Other Long-Term Assets
1,929.7
3,646.3
4,295.4
3,909.6
3,981.5
Total Long-Term Assets
8,675.1
8,150.4
8,923.2
8,477.7
8,341.7
Total Assets
22,315.7
22,709.4
22,631.5
22,609.5
21,518.0
Short-Term Notes and Debt
10,052.4
11,265.6
10,621.4
10,661.0
9,251.8
Accounts Payable
3,400.7
2,688.9
2,829.5
2,752.2
2,671.8
Other Current Liabilities
476.7
395.5
567.5
533.8
487.6
Total Current Liabilities
13,929.7
14,349.9
14,018.4
13,947.0
12,411.1
Long-Term Notes and Debt
3,090.6
2,848.6
3,134.0
3,002.1
3,170.9
Other Long-Term Liabilities
177.2
481.6
465.3
512.7
648.7
Total Long-Term Liabilities
3,267.8
3,330.2
3,599.2
3,514.8
3,819.6
Minority Interest
1,270.1
1,281.5
1,302.1
1,364.9
1,303.4
Common Stock
1,094.0
1,094.0
1,094.0
1,094.0
1,094.0
Legal Reserve
355.6
374.0
376.3
381.5
331.5
Other Reserves
2,393.9
2,280.4
2,243.1
2,242.0
2,490.7
Retained Earnings (Losses)
4.5
(0.6)
(1.5)
65.3
67.6
Total Shareholder's Equity
3,848.0
3,747.8
3,711.8
3,782.8
3,983.8
Total Liabilities and Shareholder's Equity
22,315.7
22,709.4
22,631.5
22,609.5
21,518.0
Income Statement
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
5,878.4
5,656.4
6,769.6
7,093.6
25,398.0
25,621.2
5,878.4
12,426.0
18,304.4
25,398.0
COGS
5,034.1
4,780.2
5,812.2
5,955.5
21,582.1
21,973.8
5,034.1
10,592.4
15,626.5
21,582.1
Gross Profit
844.3
876.2
957.4
1,138.1
3,816.0
3,647.4
844.3
1,833.6
2,677.9
3,816.0
Gross Profit Margin
14.4%
15.5%
14.1%
16.0%
15.0%
14.2%
14.4%
29.6%
44.0%
15.0%
Selling & Marketing
-377.6
-376.9
-419.0
-488.1
-1,661.6
-1,184.5
-377.6
-795.9
-1,173.5
-1,661.6
Administration Expenses
-119.6
-145.9
-128.8
-128.3
-522.6
-485.8
-119.6
-274.7
-394.3
-522.6
Other Income (Expense)
41.9
32.3
33.3
50.0
157.5
158.9
41.9
65.6
107.5
157.5
Operating Profit
389.0
385.7
442.8
571.7
1,789.3
2,136.0
389.0
828.6
1,217.6
1,789.3
Operating Profit Margin
6.6%
6.8%
6.5%
8.1%
7.0%
8.3%
6.6%
13.4%
20.0%
7.0%
Net Provisions
-10.1
-42.5
-82.0
-171.6
-306.3
-59.1
-10.1
-124.5
-134.7
-306.3
EBITDA
488.9
281.1
312.3
400.1
1,482.3
2,340.3
488.9
593.3
1,082.2
1,482.3
EBITDA margin
8.3%
5.0%
4.6%
5.6%
5.8%
9.1%
8.3%
9.6%
17.9%
5.8%
Depreciation
-110.0
62.2
48.5
0.0
0.7
-263.4
-110.0
110.7
0.7
0.7
EBIT
378.9
343.3
360.8
400.1
1,483.0
2,076.9
378.9
704.1
1,082.9
1,483.0
EBIT margin
6.4%
6.1%
5.3%
5.6%
5.8%
8.1%
6.4%
11.4%
17.8%
5.8%
Forex
45.5
36.8
74.6
25.2
182.1
-30.1
45.5
111.4
157.0
182.1
Net Interest
-337.3
-352.3
-363.7
-295.9
-1,349.1
-1,193.5
-337.3
-715.9
-1,053.2
-1,349.1
Earnings Before Tax
87.1
27.8
71.8
129.3
316.0
853.3
87.1
99.6
186.7
316.0
Taxes
-20.9
19.5
-11.2
-79.8
-92.4
-181.0
-20.9
8.3
-12.6
-92.4
Net Profit before Minority Interest
66.2
47.3
60.6
49.5
223.6
672.3
66.2
107.9
174.1
223.6
Minority Interest
-50.2
-56.2
-68.9
-5.7
-180.9
-127.5
-50.2
-125.0
-175.2
-180.9
Net income
16.0
-8.9
-8.3
43.9
42.7
544.8
16.0
-17.2
-1.2
42.7
Net profit margin
0.3%
-0.2%
-0.1%
0.6%
0.2%
2.1%
0.3%
-0.1%
-0.0%
0.2%
Cash Flow Statement
(LE million)
Q1
Q2
Q3
Q4
2018
Cash flows from operating activities
Net profit before tax
87,115
114,878
186,664
315,936
853,301.0
Adjustments:
Interest expense
367,485
751,201
1,147,383
1,461,955
1,365,611.0
Depreciation and amortization
100,807
417,297
549,570
654,742
218,165.0
Provisions - net
(5,844)
23,748
154,851
109,566
25,151.0
Impairment losses on current assets (net)
124,354
-28,716.0
ESOP Fair Value
(Gain/)Loss on sale at assets held for sale
(8,065)
(8,576)
(Gain) / loss on sale of property and equipments
(4,081)
(12,292)
-38,818.0
Interest income
(30,217)
(61,643)
(94,157)
(112,796)
-171,992.0
Loans interest expense capitalized on property, plant and equipment
(12,644)
(32,898)
(48,555)
Deferred revenue amortization - Sale and lease back
Deferred revenue amortization - Marketing contract
Gain for the re-valuation of investments property
Gain on sale of investment property
Net profit before changes in working capital
518,618
1,233,398
1,935,132
2,541,465
2,222,702.0
Changes in working capital
Inventories
(192,021)
233,254
1,332,185
1,028,494
-1,745,798.0
Accounts and notes receivables
(882,589)
(1,029,508)
(1,675,979)
(828,763)
-2,197,387.0
Debtors and other debit balances
127,078
206,038
(75,949)
(604,846)
-398,076.0
Due from related parties
(1,600)
(2,900)
21,299
(68,780)
-77,347.0
Due to related parties
(11,316)
(15,919)
(18,388)
(19,263)
24,794.0
Trade payables other credit balances
577,238
159,249
181,543
80,430
1,247,041.0
Cash flow generated from operating
135,408
783,612
1,699,843
2,128,737
-924,071.0
Provisions used
(19,069)
(50,869)
(57,875)
(226,980)
-41,010.0
Income tax paid during the year
(11,898)
(133,778)
(135,325)
(140,606)
-88,568.0
Employee Dividends
(7,633)
(7,633)
(33,161)
Net cash flow (used in) generated from operating activities
104,441
591,332
1,499,010
1,727,990
-1,053,649.0
Cash flows from investing activities
Payments for projects under constructions
(426,249)
(1,484,670)
(1,678,245)
(1,736,040)
-3,238,290.0
Change in non controlling interests without changing in control
(1,147)
- 0
-167,827.0
Proceeds from minority share subsidiaries capital
480,000.0
Purchase of intangible assets
(1,147)
(1,147)
(4,877)
-2,870.0
Interest received
29,784
65,676
96,626
112,796
167,225.0
Proceeds from sale of property, plant and equipment
281,496
831,252
2,191,960.0
Under Payements for investments
(72)
-1,000.0
Proceeds from sale of investments property
Proceeds from sale at assets held for sale
188
808,617
875,814
Payment in Investment in associates
(2,590)
(50,071)
(50,000)
-8,034.0
Net cash flow used in investing activities
(115,928)
(614,114)
(757,023)
(846,941)
-578,836.0
Cash flows from financing activities
Loans and borrowings
720,330
1,691,457
1,332,702
1,240,444
2,807,879.0
Proceeds from minority share subsidiaries capital
200
(498)
(700)
6,167
37,468.0
24,091
(700)
Proceeds from capital increase
10,244
Dividends paid
Bonds liabilities
Proceed from sale of treasury shares
Long-term notes payables
- 0
(6,325)
(29,503)
(137,647)
-558.0
Interest paid
(276,964)
(746,726)
(1,181,519)
(1,460,926)
-1,316,644.0
Net cash flow generated from financing activities
443,566
937,908
131,224
(328,571)
1,528,145.0
Net (decrease) / increase in cash and cash equivalents
432,079
915,126
873,211
552,478
-104,340.0
Cash and cash equivalents at beginning of the year
1,179,275
1,179,275
1,179,275
1,179,275
1,242,776.0
Translation differences
(175,089)
(297,458)
(348,288)
(322,805)
40,839.0
Cash and cash equivalents at end of the year
1,436,265
1,796,943
1,704,198
1,408,948
1,179,275.0
Segmental Breakdown
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
7,488
8,692
9,706
10,026
35,912
29,590
7,488
16,180
25,886
35,912
CKD
1,913
1,780
3,164
3,855
10,712
17,819
1,913
3,693
6,857
10,712
Total Units
9,401
10,472
12,870
13,881
46,624
47,409
9,401
19,873
32,743
46,624
Average Price
303,156
282,660
284,624
280,220
286,608
280,484
303,156
292,908
289,316
286,608
Total Passenger Car Revenue
3,109.1
3,204.5
3,928.4
4,157.2
14,399.2
14,351.8
3,109.1
6,313.6
10,242.0
14,399.2
Total Passenger Gross Profit
271.8
216.7
248.2
317.1
1,053.8
1,402.6
271.8
488.5
736.7
1,053.8
Passenger Cars Gross Margin
8.7%
6.8%
6.3%
7.6%
7.3%
9.8%
8.7%
7.7%
7.2%
7.3%
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Two-wheelers
11,024
6,606
14,952
15,538
48,120
35,331.00
11,024
17,630
32,582
48,120
Three - wheelers
22,906
12,217
16,988
15,429
67,540
113,592.00
22,906
35,123
52,111
67,540
Total Units
33,930
18,823
31,940
30,967
115,660
148,923
33,930
52,753
84,693
115,660
Average Price
27,782
29,783
26,936
26,544
27,543
28,024
27,782
28,496
27,908
27,543
Total Two & Three Wheelers Revenues
976.6
602.8
901.5
860.4
3,341.2
4,358.9
976.6
1,579.4
2,480.8
3,341.2
Total Two & Three Wheelers Gross Profit
146.0
97.4
167.7
135.7
546.8
698.9
146.0
243.4
411.1
546.8
Two & Three Wheelers Gross Margin
14.9%
16.2%
18.6%
15.8%
16.4%
16.0%
14.9%
15.4%
16.6%
16.4%
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
229
280
321
289
1,119
763
229
509
830
1,119
Trucks
264
141
87
154
646
998
264
405
492
646
Tractors
0
0
38
0
38
78
0
0
38
38
Trailers ( incl Exports)
86
66
31
-15
168
254
86
152
183
168
CE
25
24
34
42
125
145
25
49
83
125
Total Units
604.0
511.0
511.0
470.1
2,096.1
2,238
604.0
1,115.0
1,626.0
2,096.1
Average Price
636,937
768,758
642,914
613,811
665,344
673,435
636,937
697,350
680,242
665,344
Total Commercial Vehicle Revenue
456.1
451.6
400.5
355.9
1,664.1
1,745.1
456.1
907.7
1,308.2
1,664.1
Total Commercial Vehicle Gross Profit
60.8
78.2
64.0
55.3
258.4
210.6
60.8
139.1
203.0
258.4
Commercial Vehicle Gross Margin
13.3%
17.3%
16.0%
15.5%
15.5%
12.1%
13.3%
15.3%
15.5%
15.5%
Tires Sales Activity
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
289.2
294.9
330.2
268.7
1,183.0
1,140.5
289.2
584.1
914.3
1,183.0
Gross Profit
44.3
58.9
70.4
62.9
236.6
182.0
44.3
103.2
173.6
236.6
Gross Margin
15.3%
20.0%
21.3%
23.4%
20.0%
16.0%
15.3%
17.7%
19.0%
20.0%
Financing Businesses Net
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
GB Lease
182
139
141
149
610
569.8
182
321
461
610
Mashroey
206
182
210
269
867
888.3
206
388
598
867
Drive
304
367
433
572
1,675
1,353.3
304
671
1,103
1,675
Tasaheel
218
257
293
331
1,099
625.9
218
475
768
1,099
HTT
20
20
24
21
85
65.5
20
40
64
85
GB Capital
0
0
7
6
13
0.0
0
0
7
13
Sales Revenue
930.2
964.4
1,106.9
1,347.8
4,349.3
3,502.8
930.2
1,894.6
3,001.5
4,349.3
Gross Profit
306.5
403.8
396.1
562.5
1,668.9
1,099.7
306.5
710.3
1,106.4
1,668.9
Gross Margin
33.0%
41.9%
35.8%
41.7%
38.4%
31.4%
33.0%
37.5%
36.9%
38.4%
Others
Q1
Q2
Q3
Q4
2019
2018
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Pre-owned Passenger Cars
59
64
74
76
273
332.8
59
123
196
273
Pre-owned CV
7
20
2
0
30
56.2
7
28
30
30
GB Water
0
0
0
1
1
0.0
0
0
0
1
Lubricants
41
39
14
24
118
127.8
41
80
94
118
Retail
2
2
2
2
8
4.8
2
4
6
8
GB Logistics Egypt
23
24
24
18
89
23.2
23
47
71
89
GB Logistics Egypt Elimination
(15)
(11)
(13)
(18)
-58
-22.9
(15)
(26)
(40)
(58)
Manufacturing Feeding Industries Egypt
19
8
20
24
71
59.1
19
27
47
71
Manufacturing Feeding Industries Egypt Elimination
(19)
(8)
(20)
(24)
-71
-59.1
(19)
(27)
(47)
(71)
Transportation
0
0
0
0
0
0.2
0
0
0
0
Sales Revenue
117.2
138.2
102.1
103.7
461.2
522.2
117.2
255.5
357.6
461.2
Gross Profit
14.8
21.2
11.0
4.4
51.5
53.7
14.8
36.1
47.1
51.5
Gross Margin
12.7%
15.4%
10.8%
4.3%
11.2%
10.3%
12.7%
14.1%
13.2%
11.2%
2020
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2019
Cash
1,558.0
1,729.4
1,828.9
1,797.8
1,408.9
Net Accounts Receivable
6,940.4
7,338.5
7,383.5
7,106.4
6,435.5
Inventory
3,697.7
3,650.4
3,038.5
3,368.0
3,788.2
Other Current Assets
1,828.7
1,895.6
2,202.5
2,188.5
2,499.2
Total Current Assets
14,024.8
14,613.9
14,453.5
14,460.7
14,131.8
Net Fixed Assets
4,157.2
4,136.1
4,130.2
4,167.6
4,043.2
Goodwill and Intangible Assets
433.5
432.9
453.7
453.2
433.9
Lessor Assets
3,431.6
- 0
- 0
- 0
- 0
Investment Property
90.9
90.9
90.9
90.9
90.9
Other Long-Term Assets
678.2
4,352.7
5,093.3
5,420.5
3,909.6
Total Long-Term Assets
8,791.4
9,012.6
9,768.0
10,132.2
8,477.7
Total Assets
22,816.2
23,626.5
24,221.5
24,592.3
22,609.5
Short-Term Notes and Debt
9,973.5
10,808.8
10,650.1
10,459.3
10,661.0
Accounts Payable
3,140.4
2,973.4
3,057.4
3,144.1
2,752.2
Other Current Liabilities
613.2
516.1
584.5
601.9
533.8
Total Current Liabilities
13,727.1
14,298.4
14,292.0
14,205.3
13,947.0
Long-Term Notes and Debt
3,353.7
3,369.1
3,643.2
3,582.4
3,002.1
Other Long-Term Liabilities
460.3
503.7
453.6
687.9
512.7
Total Long-Term Liabilities
3,814.0
3,872.7
4,096.9
4,270.3
3,514.8
Minority Interest
1,414.3
1,461.4
1,490.8
1,486.0
1,364.9
Common Stock
1,094.0
1,094.0
1,094.0
1,094.0
1,094.0
Shares Held With the Group
(10.0)
(10.0)
(10.0)
(8.0)
- 0
Legal Reserve
397.7
418.8
418.8
451.1
381.5
Other Reserves
2,183.8
2,193.5
2,158.8
2,156.4
2,242.0
Retained Earnings (Losses)
195.2
297.8
680.2
937.3
65.3
Total Shareholder's Equity
3,860.8
3,994.0
5,832.5
4,630.8
3,782.8
Total Liabilities and Shareholder's Equity
22,816.2
23,626.5
24,221.5
24,592.3
22,609.5
Income Statement
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
5,888.7
4,024.8
6,196.2
7,201.1
23,310.8
25,398.0
5,888.7
9,913.5
16,109.7
23,310.8
COGS
4,790.5
3,103.3
4,946.6
5,705.9
18,546.4
21,582.1
4,790.5
7,893.8
12,840.5
18,546.4
Gross Profit
1,098.2
921.5
1,249.6
1,495.2
4,764.4
3,816.0
1,098.2
2,019.6
3,269.2
4,764.4
Gross Profit Margin
18.6%
22.9%
20.2%
20.8%
20.4%
15.0%
18.6%
20.4%
20.3%
20.4%
Selling & Marketing
-463.7
-400.4
-489.4
-702.7
-2,056.1
-1,661.6
-463.7
-864.1
-1,353.4
-2,056.1
Administration Expenses
-123.7
-126.5
-166.5
-140.3
-557.0
-522.6
-123.7
-250.2
-416.7
-557.0
Other Income (Expense)
30.1
175.0
174.4
46.1
425.6
157.5
30.1
205.1
379.5
425.6
Operating Profit
540.9
569.6
768.0
698.3
2,576.8
1,789.3
540.9
1,110.5
1,878.6
2,576.8
Operating Profit Margin
9.2%
14.2%
12.4%
9.7%
11.1%
7.0%
9.2%
11.2%
11.7%
11.1%
Net Provisions
-34.4
-62.6
-80.9
-95.0
-272.9
-306.3
-34.4
-97.0
-177.9
-272.9
EBITDA
588.9
580.5
767.2
687.0
2,623.7
1,482.3
588.9
1,169.4
1,936.6
2,623.7
EBITDA margin
10.0%
14.4%
12.4%
9.5%
11.3%
5.8%
10.0%
11.8%
12.0%
11.3%
Depreciation
-82.4
-73.5
-80.0
-83.8
-319.7
0.7
-82.4
-155.9
-235.9
-319.7
EBIT
506.5
507.0
687.1
603.3
2,304.0
1,483.0
506.5
1,013.5
1,700.7
2,304.0
EBIT margin
8.6%
12.6%
11.1%
8.4%
9.9%
5.8%
8.6%
10.2%
10.6%
9.9%
Forex
32.4
-51.9
26.7
-20.6
-13.3
182.1
32.4
-19.5
7.2
-13.3
Net Interest
-253.5
-214.9
-186.6
-110.8
-765.8
-1,349.1
-253.5
-468.4
-655.0
-765.8
Earnings Before Tax
285.5
240.2
527.2
471.9
1,524.9
316.0
285.5
525.7
1,052.9
1,524.9
Taxes
-69.3
-93.4
-95.5
-150.6
-408.8
-92.4
-69.3
-162.7
-258.2
-408.8
Net Profit before Minority Interest
216.2
146.8
431.8
321.3
1,116.1
223.6
216.2
363.0
794.8
1,116.1
Minority Interest
-77.8
-31.1
-56.8
-33.5
-199.1
-180.9
-77.8
-108.8
-165.6
-199.1
Net income
138.4
115.8
375.0
287.8
917.0
42.7
138.4
254.2
629.2
917.0
Net profit margin
2.4%
2.9%
6.1%
4.0%
3.9%
0.2%
2.4%
2.6%
3.9%
3.9%
Cash Flow Statement
(LE million)
Q1
Q2
Q3
Q4
2019
Cash flows from operating activities
Net profit before tax
285.4
525.7
1,052.9
1,524.8
315.9
Adjustments:
Interest expense
280.2
520.7
733.8
918.2
1,462.0
Depreciation and amortization
90.9
140.0
224.5
310.0
654.7
Provisions - net
12.9
62.9
100.7
53.9
109.6
Impairment losses on current assets (net)
20.9
70.5
121.2
212.3
124.4
Bond issue cost amortization
(2.2)
(147.4)
- 0
- 0
(Gain) / loss on sale of property and equipments
(26.6)
(52.2)
(285.1)
(295.0)
(12.3)
Interest income
(78.7)
(152.4)
(112.8)
Net profit before changes in working capital
661.6
1,120.2
1,869.3
2,571.9
2,541.5
Changes in working capital
- 0
Inventories
99.3
156.8
766.9
435.0
1,028.5
Accounts and notes receivables
(732.6)
(1,306.5)
(2,130.8)
(2,412.8)
(828.8)
Debtors and other debit balances
644.4
543.4
327.8
377.3
(604.8)
Due from related parties
28.1
(82.1)
(162.2)
(63.2)
(68.8)
Due to related parties
21.4
56.2
46.0
46.6
(19.3)
Proceeds from loans and borrowing
1,155.2
1,504.4
Trade payables other credit balances
388.2
221.2
305.2
391.9
80.4
Cash flow generated from operating
1,110.4
709.3
1,022.2
2,501.8
3,633.2
Provisions used
(19.9)
(34.4)
(38.5)
(93.9)
(227.0)
Income tax paid during the year
(1.2)
(224.0)
(235.3)
(245.1)
(140.6)
Employee Dividends
- 0
- 0
- 0
(65.5)
(33.2)
Net cash flow (used in) generated from operating activities
1,089.3
450.9
748.3
2,097
3,232.4
Cash flows from investing activities
Payments for projects under constructions
(210.8)
(382.5)
(533.0)
(707.8)
(1,736.0)
Purchase of property, plant and equipment
Purchase of intangible assets
(2.6)
(3.0)
(4.9)
Interest received
26.6
52.2
78.7
152.4
112.8
Proceeds from sale of property, plant and equipment
514.3
831.3
Proceeds from sale of investments property
- 0
(0.1)
Proceeds from sale at assets held for sale
10.4
282.5
473.2
- 0
Net cash flow used in investing activities
(173.8)
(47.8)
16.3
(44.0)
(796.9)
- 0
Cash flows from financing activities
- 0
Loans and borrowings
(335.9)
514.7
630.2
(776.7)
(264.0)
Proceeds from minority share subsidiaries capital
4.4
- 0
4.4
42.6
29.6
paid in buying treasury shares
(19.6)
(19.6)
(19.6)
(19.6)
- 0
Proceed from sale of treasury shares
6.8
- 0
Long-term notes payables
(53.7)
(9.4)
(65.6)
161.6
(137.6)
Interest paid
(280.2)
(520.7)
(733.8)
(924.9)
(1,460.9)
Payment in Investment in associates
(42.6)
(42.6)
(50.0)
Net cash flow generated from financing activities
(685.0)
(34.9)
(226.9)
(1,552.7)
(1,883.0)
Net (decrease) / increase in cash and cash equivalents
230.5
368.2
537.7
500.6
552.5
Cash and cash equivalents at beginning of the year
1,408.9
1,408.9
1,408.9
1,408.9
1,179.3
Translation differences
(81.5)
(47.7)
(117.7)
(111.7)
(322.8)
Cash and cash equivalents at end of the year
1,558.0
1,729.4
1,828.9
1,797.8
1,408.9
Segmental Breakdown
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
6,783
2,746
5,102
5,283
19,914
35,912
6,783
9,529
14,631
19,914
CKD
3,507
2,056
4,568
6,468
16,599
10,712
3,507
5,563
10,131
16,599
Total Units
10,290
4,802
9,670
11,751
36,513
46,624
10,290
15,092
24,762
36,513
Average Price
269,511
269,797
262,235
256,216
263,343
286,608
269,511
269,602
266,725
263,343
Passenger Cars Sales Revenue
2,773.3
1,295.6
2,535.8
3,010.8
9,615.4
13,362.8
2,773
4,069
6,605
9,615.4
Passenger Cars Gross Profit
242.8
106.4
226.0
321.4
896.7
821.6
243
349
575
896.7
Gross Margin
8.8%
8.2%
8.9%
10.7%
9.3%
6.1%
8.8%
8.6%
8.7%
9.3%
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Two-wheelers
13,824
10,134
18,068
19,581
61,607
48,120.00
13,824
23,958
42,026
61,607
Three - wheelers
20,232
14,978
26,369
30,962
92,541
67,540.00
20,232
35,210
61,579
92,541
Total Units
34,056
25,112
44,437
50,543
154,148
115,660
34,056
59,168
103,605
154,148
Average Price
28,713
28,950
29,341
29,656
29,242
27,543
28,713
28,814
29,040
29,242
Total Two & Three Wheelers Revenues
1,031.0
755.5
1,351.8
1,555.9
4,694.1
3,341.2
1,031.0
1,786.5
3,138.2
4,694.1
Total Two & Three Wheelers Gross Profit
212.1
159.4
297.4
319.9
988.8
546.8
212.1
371.5
668.8
988.8
Two & Three Wheelers Gross Margin
20.6%
21.1%
22.0%
20.6%
21.1%
16.4%
20.6%
20.8%
21.3%
21.1%
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
167
112
106
61
446
1,119
167
279
385
446
Trucks
131
148
84
135
498
646
131
279
363
498
Tractors
0
0
0
0
0
38
0
0
0
0
Trailers ( incl Exports)
85
-40
32
27
104
168
85
45
77
104
CE
36
20
34
14
104
125
36
56
90
104
Total Units
419.0
240.0
256.0
237.0
1,152.0
2,096
419.0
659.0
915.0
1,152.0
Average Price
629,841
931,073
655,842
484,579
668,491
665,344
629,841
739,546
716,127
668,491
Total Commercial Vehicle Revenue
319.8
260.6
212.4
165.2
958.0
1,664.1
319.8
580.4
792.8
958.0
Total Commercial Vehicle Gross Profit
28.9
30.1
26.0
(3.8)
81.2
258.4
28.9
58.9
85.0
81.2
Commercial Vehicle Gross Margin
9.0%
11.5%
12.3%
-2.3%
8.5%
15.5%
9.0%
10.2%
10.7%
8.5%
Tires Sales Activity
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
238.0
301.6
305.6
279.9
1,125.1
1,183.0
238.0
539.5
845.2
1,125.1
Gross Profit
57.8
72.7
74.6
67.6
272.8
236.6
57.8
130.6
205.2
272.8
Gross Margin
24.3%
24.1%
24.4%
24.2%
24.2%
20.0%
24.3%
24.2%
24.3%
24.2%
Financing Businesses Net
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
GB Lease
109
106
114
197
526
610.0
109
215
329
526
Mashroey
255
192
303
303
1,053
867.0
255
447
750
1,053
Drive
380
421
509
743
2,054
1,675.4
380
801
1,311
2,054
Tasaheel
373
394
393
405
1,565
1,098.5
373
766
1,160
1,565
HTT
23
26
29
30
108
85.5
23
49
78
108
GB Capital
6
4
4
19
32
13.0
6
9
13
32
Sales Revenue
1,144.5
1,143.0
1,352.3
1,698.1
5,337.9
4,349.3
1,144.5
2,287.5
3,639.8
5,337.9
Gross Profit
496.7
520.7
553.1
743.9
2,314.4
1,668.9
496.7
1,017.4
1,570.5
2,314.4
Gross Margin
43.4%
45.6%
40.9%
43.8%
43.4%
38.4%
43.4%
44.5%
43.1%
43.4%
Others
Q1
Q2
Q3
Q4
2020
2019
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Pre-owned Passenger Cars
78
27
36
30
171
272.5
78
105
141
171
Pre-owned CV
0
16
0
2
18
30.3
0
16
16
18
TVD
33
21
143
207
404
1.3
33
54
197
404
Lubricants
23
18
22
19
82
117.7
23
41
63
82
Retail
2
2
3
2
8
7.6
2
4
6
8
GB Logistics Egypt
23
19
20
31
94
89.4
23
42
63
94
GB Logistics Egypt Elimination
(16)
(13)
(15)
(24)
-69
-57.5
(16)
(29)
(45)
(69)
Manufacturing Feeding Industries Egypt
28
22
33
34
116
70.9
28
50
82
116
Manufacturing Feeding Industries Egypt Elimination
(28)
(22)
(33)
(34)
-116
-70.9
(28)
(50)
(82)
(116)
Transportation
0
0
0
0
0
0.0
0
0
0
0
Sales Revenue
143.2
89.7
208.3
266.8
708.0
461.2
143.2
232.9
441.2
708.0
Gross Profit
19.3
4.5
16.9
8.1
48.7
51.5
19.3
23.7
40.6
48.7
Gross Margin
13.5%
5.0%
8.1%
3.0%
6.9%
11.2%
13.5%
10.2%
9.2%
6.9%
2021
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q4
2020
Cash
2,060.1
2,176.8
2,308.9
1,935.6
1,797.8
Net Accounts Receivable
8,121.1
8,396.3
9,126.0
10,239.5
7,106.4
Inventory
3,778.0
4,107.2
3,613.1
4,203.3
3,368.0
Other Current Assets
2,477.0
2,725.5
3,210.8
2,980.6
2,188.5
Total Current Assets
16,436.2
17,405.8
18,258.8
19,359.1
14,460.7
Net Fixed Assets
4,147.9
4,100.1
4,096.1
4,208.3
4,167.6
Asset Right of Use
385.6
440.3
Goodwill and Intangible Assets
451.9
450.5
451.5
450.0
453.2
Lessor Assets
90.9
90.9
90.9
90.9
90.9
Investment Property
346.5
366.8
375.6
104.0
- 0
Other Long-Term Assets
6,315.8
7,253.9
8,991.4
7,455.4
5,420.5
Total Long-Term Assets
11,353.2
12,262.2
14,391.0
12,748.9
10,132.2
Total Assets
27,789.4
29,668.1
32,649.8
32108.061
24,592.3
Short-Term Notes and Debt
11,540.2
12,583.6
12,799.3
13,628.2
10,459.3
Accounts Payable
4,558.9
4,587.7
5,321.8
5,418.6
3,144.1
Other Current Liabilities
677.2
484.7
601.3
703.2
601.9
Total Current Liabilities
16,776.2
17,656.0
18,722.4
19,750.1
14,205.3
Long-Term Notes and Debt
3,799.8
4,526.4
5,813.8
3,515.0
3,582.4
Other Long-Term Liabilities
1,009.5
1,019.2
976.8
1,278.0
687.9
Total Long-Term Liabilities
4,809.3
5,545.6
6,790.6
4,792.9
4,270.3
Minority Interest
1,504.3
1,415.0
1,638.1
1,649.7
1,486.0
Common Stock
1,094.0
1,094.0
1,094.0
1,094.0
1,094.0
Shares Held With the Group
- 0
- 0
- 0
(8.5)
(8.0)
Legal Reserve
455.0
503.5
500.5
524.0
451.1
Risk reserve
194.8
56.5
49.5
49.5
Private risk reserve - Non banking financial service
94.0
90.4
90.4
Other Reserves
2,162.0
2,182.7
2,170.2
2,140.6
2,156.4
Retained Earnings (Losses)
793.8
1,120.8
1,594.1
2,025.3
937.3
Total Shareholder's Equity
4,699.6
5,051.4
5,498.8
5,915.3
4,630.8
Total Liabilities and Shareholder's Equity
27,789.4
29,668.1
32,649.9
32,108.1
24,592.3
Income Statement
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Revenues
6,827.6
7,269.0
8,293.5
9,047.4
31,437.5
23,310.8
6,827.6
14,096.6
22,390.1
31,437.5
COGS
5,474.6
5,810.7
6,688.4
7,161.1
25,135.0
18,546.4
5,474.6
11,285.4
17,973.8
25,135.0
Gross Profit
1,353.0
1,458.3
1,605.0
1,886.3
6,302.6
4,764.4
1,353.0
2,811.2
4,416.3
6,302.6
Gross Profit Margin
19.8%
20.1%
19.4%
20.8%
20.0%
20.4%
19.8%
19.9%
19.7%
20.0%
Selling & Marketing
-603.1
-652.9
-697.0
-914.7
-2,867.6
-2,056.1
-603.1
-1,256.0
-1,953.0
-2,867.6
Administration Expenses
-108.7
-119.0
-151.6
-179.3
-558.6
-557.0
-108.7
-227.6
-379.3
-558.6
Other Income (Expense)
38.5
87.6
30.9
32.4
189.4
425.6
38.5
126.1
157.0
189.4
Operating Profit
679.7
774.0
787.4
824.7
3,065.7
2,576.8
679.7
1,453.7
2,241.1
3,065.7
Operating Profit Margin
10.0%
10.6%
9.5%
9.1%
9.8%
11.1%
10.0%
10.3%
10.0%
9.8%
Net Provisions
-69.2
-30.3
-59.2
54.7
-104.0
-272.9
-69.2
-99.5
-158.7
-104.0
EBITDA
684.1
820.5
814.5
977.8
3,297.0
2,623.7
684.1
1,504.6
2,319.1
3,297.0
EBITDA margin
10.0%
11.3%
9.8%
10.8%
10.5%
11.3%
10.0%
10.7%
10.4%
10.5%
Depreciation
-73.7
-76.8
-86.4
-98.5
-335.3
-319.7
-73.7
-150.4
-236.8
-335.3
EBIT
610.5
743.7
728.2
879.4
2,961.7
2,304.0
610.5
1,354.2
2,082.3
2,961.7
EBIT margin
8.9%
10.2%
8.8%
9.7%
9.4%
9.9%
8.9%
9.6%
9.3%
9.4%
Forex
8.0
10.1
-2.7
-3.5
11.9
-13.3
8.0
18.1
15.4
11.9
Net Interest
-154.6
-143.9
-140.9
-124.0
-563.5
-765.8
-154.6
-298.5
-439.5
-563.5
Earnings Before Tax
463.8
609.9
584.5
751.9
2,410.1
1,524.9
463.8
1,073.7
1,658.3
2,410.1
Taxes
-114.3
-144.0
-141.4
-163.6
-563.3
-408.8
-114.3
-258.3
-399.7
-563.3
Net Profit before Minority Interest
349.5
465.9
443.1
588.3
1,846.9
1,116.1
349.5
815.4
1,258.6
1,846.9
Minority Interest
-50.7
-91.6
-110.9
-115.7
-368.9
-199.1
-50.7
-142.3
-253.2
-368.9
Net income
298.8
374.3
332.3
472.6
1,478.0
917.0
298.8
673.1
1,005.4
1,478.0
Net profit margin
4.4%
5.1%
4.0%
5.2%
4.7%
3.9%
4.4%
4.8%
4.5%
4.7%
Cash Flow Statement
(LE million)
Q1
Q2
Q3
Q4
2020
Cash flows from operating activities
Net profit before tax
463.8
1,073.7
1,658.3
2,410.1
1,524.8
Adjustments:
Interest expense
144.9
361.3
546.9
733.5
918.2
Depreciation and amortization
93.9
175.9
280.3
420.4
310.0
Provisions - net
18.9
35.9
109.7
125.2
53.9
Impairment losses on current assets (net)
51.6
96.3
111.8
44.7
212.3
Bond issue cost amortization
(1.3)
Loss on sale at assets held for sale
(Gain) / loss on sale of property and equipments
(25.6)
(48.2)
(56.2)
(57.0)
(295.0)
Interest income
(62.8)
(107.4)
(170.0)
(152.4)
investments in subsidiries
1.3
1.3
15.6
39.4
Loans interest expense capitalized on property, plant and equipment
Deferred revenue amortization - Sale and lease back
Deferred revenue amortization - Marketing contract
Gain for the re-valuation of investments property
Gain on sale of investment property
1.2
Net profit before changes in working capital
747.5
1,633.4
2,559.0
3,547.5
2,571.9
Changes in working capital
Inventories
(399.4)
(726.3)
(223.7)
(836.8)
435.0
Accounts and notes receivables
(1,680.4)
(2,753.1)
(5,687.1)
(4,033.8)
(2,412.8)
Debtors and other debit balances
(372.3)
(548.8)
(1,004.2)
(1,605.0)
377.3
Due from related parties
(69.1)
(133.4)
(170.7)
(137.2)
(63.2)
Due to related parties
0.3
0.3
4.8
5.8
46.6
Proceeds from loans and borrowing
- 0
2,385.4
4,175.4
2,625.9
1,155.2
Trade payables other credit balances
1,043.4
1,103.2
1,885.7
1,958.7
391.9
Assets Right of use
(55.2)
(66.2)
Due to related parties - inter-segment
886.0
Cash flow generated from operating
155.9
960.6
1,483.8
1,458.9
2,501.8
Provisions used
(9.7)
(5.8)
(55.8)
(74.1)
(93.9)
Income tax paid during the year
(3.1)
(299.7)
(302.6)
(305.0)
(245.1)
Employee Dividends
- 0
(29.3)
(84.1)
(109.4)
(65.5)
Interest paid
(29.3)
- 0
Net cash flow (used in) generated from operating activities
113.7
625.8
1,041.3
970.4
2,097.4
Cash flows from investing activities
Payments for projects under constructions
(88.9)
(193.0)
(286.7)
(468.0)
(707.8)
Purchase of property, plant and equipment
Purchase of intangible assets
(0.0)
(0.0)
(2.4)
(2.5)
(3.0)
Interest received
25.6
62.8
107.4
132.9
152.4
Proceeds from sale of property, plant and equipment
514.3
Proceeds from sale of investments property
Proceeds from sale at assets held for sale
(64.5)
146.2
175.0
166.5
Treasury bills
Payment in Investment in associates
30.9
(54.5)
(9.8)
payment for minority shares
(165.1)
(206.0)
(206.0)
Payment under investments
(55.0)
(54.5)
Received from selling stakes in associates
273.8
273.8
Payments for other investments
(104.0)
Net cash flow used in investing activities
96.8
(203.5)
6.1
(271.5)
(44.0)
Cash flows from financing activities
Loans and borrowings
412.3
683.0
396.1
475.6
(776.7)
Dividends paid- Non Controlling interest
(52.5)
(53.5)
(53.5)
(154.4)
Proceeds from minority share subsidiaries capital
0.6
0.6
0.6
0.6
42.6
paid in buying treasury shares
- 0
- 0
- 0
(38.7)
(19.6)
Dividends paid
(298.9)
(298.9)
(299.2)
Bonds liabilities
Proceed from sale of treasury shares
6.8
Long-term notes payables
45.9
32.3
(3.0)
263.0
161.6
Interest paid
(184.0)
(368.7)
(534.6)
(766.9)
(924.9)
capital decrease in associates
(80.5)
(80.5)
(80.5)
received from selling treasury shares
30.2
30.2
30.2
30.2
Payment in Investment in associates
(42.6)
Net cash flow generated from financing activities
251.5
(55.5)
(543.5)
(570.2)
(1,552.7)
Net (decrease) / increase in cash and cash equivalents
268.4
366.7
502.9
128.6
500.6
Cash and cash equivalents at beginning of the year
1,797.8
1,797.8
1,797.8
1,797.8
1,408.9
Translation differences
(6.2)
12.6
7.5
9.5
(111.7)
Cash and cash equivalents at end of the year
2,060.1
2,177.2
2,309.2
1,936.0
1,797.8
Segmental Breakdown
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
CBU
5,502
6,582
8,023
9,039
29,146
19,914
5,502
12,084
20,107
29,146
CKD
4,982
4,498
5,522
5,494
20,496
16,599
4,982
9,480
15,002
20,496
Total Units
10,484
11,080
13,545
14,533
49,642
36,513
10,484
21,564
35,109
49,642
Average Price
282,497
282,763
269,583
279,253
278,083
263,343
282,497
282,634
277,599
278,083
Passenger Cars Sales Revenue
2,961.7
3,133.0
3,651.5
4,058.4
13,804.6
9,615.4
2,962
6,095
9,746
13,804.6
Passenger Cars Gross Profit
365.2
403.5
427.9
537.5
1,734.1
896.7
365
769
1,197
1,734.1
Gross Margin
12.3%
12.9%
11.7%
13.2%
12.6%
9.3%
12.3%
12.6%
12.3%
12.6%
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Two-wheelers
16,498
20,745
21,369
22,389
81,001
61,607.00
16,498
37,243
58,612
81,001
Three - wheelers
28,496
27,429
27,999
28,985
112,909
92,541.00
28,496
55,925
83,924
112,909
Total Units
44,994
48,174
49,368
51,374
193,910
154,148
44,994
93,168
142,536
193,910
Average Price
29,853
29,214
29,753
30,633
29,876
29,242
29,853
29,523
29,602
29,876
Total Two & Three Wheelers Revenues
1,394.0
1,455.2
1,519.3
1,632.2
6,000.7
4,694.1
1,394.0
2,849.2
4,368.5
6,000.7
Total Two & Three Wheelers Gross Profit
251.7
269.2
269.0
259.2
1,049.1
988.8
251.7
521.0
789.9
1,049.1
Two & Three Wheelers Gross Margin
18.1%
18.5%
17.7%
15.9%
17.5%
21.1%
18.1%
18.3%
18.1%
17.5%
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
Buses (incl Exports)
75
95
95
199
464
446
75
170
265
464
Trucks
279
249
165
180
873
498
279
528
693
873
Tractors
0
0
0
0
0
0
0
0
0
0
Trailers ( incl Exports)
18
47
43
34
142
104
18
65
108
142
CE
32
13
27
25
97
104
32
45
72
97
Total Units
404.0
404.0
330.0
438.0
1,576.0
1,152
404.0
808.0
1,138.0
1,576.0
Average Price
556,733
457,290
727,046
922,016
668,422
668,491
556,733
507,012
570,818
668,422
Total Commercial Vehicle Revenue
277.2
234.2
301.5
458.9
1,271.7
958.0
277.2
511.4
812.9
1,271.7
Total Commercial Vehicle Gross Profit
(3.4)
(9.5)
6.4
20.3
13.7
81.2
(3.4)
(13.0)
(6.6)
13.7
Commercial Vehicle Gross Margin
-1.2%
-4.1%
2.1%
4.4%
1.1%
8.5%
-1.2%
-2.5%
-0.8%
1.1%
Tires Sales Activity
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Sales Revenue
282.7
337.0
391.7
420.3
1,431.7
1,125.1
282.7
619.7
1,011.4
1,431.7
Gross Profit
66.8
69.9
67.8
81.0
285.4
272.8
66.8
136.7
204.5
285.4
Gross Margin
23.6%
20.7%
17.3%
19.3%
19.9%
24.2%
23.6%
22.1%
20.2%
19.9%
Financing Businesses Net
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
GB Lease
120
134
150
254
659
526.3
120
255
405
659
MNT-Halan
719
773
974
925
3,392
2,617.9
719
1,492
2,466
3,392
Drive
490
558
575
642
2,265
2,053.5
490
1,047
1,622
2,265
HTT
30
30
32
33
125
108.2
30
60
92
125
GB Capital
17
12
18
23
69
32.0
17
28
46
69
Sales Revenue
1,376.5
1,506.1
1,748.9
1,877.8
6,509.3
5,337.9
1,376.5
2,882.6
4,631.5
6,516.7
Gross Profit
617.4
668.9
746.6
917.8
2,950.7
2,314.4
617.4
1,286.4
2,032.9
2,950.3
Gross Margin
44.9%
44.4%
42.7%
48.9%
45.3%
43.4%
44.9%
44.6%
43.9%
45.3%
Others
Q1
Q2
Q3
Q4
2021
2020
YTD- Q1
YTD- Q2
YTD- Q3
YTD- Q4
In LE Million
Pre-owned Passenger Cars
31
25
32
35
123
171.1
31
56
88
123
Pre-owned CV
2
1
1
(4)
0
18.0
2
3
4
0
Steel structure Egypt
3.5
GB Accademy Egypt
0
0
1
0
2
1.1
0
1
2
2
TVD Bussines Egypt
84
102
83
67
337
188.6
84
187
270
337
Autombilak Bussines Egypt
160
209
244
184
797
211.0
160
369
613
797
Lubricants
19
17
12
6
54
82.0
19
36
49
54
Retail
2
2
2
2
8
8.1
2
3
5
8
GB Logistics Egypt
42
34
45
59
180
93.6
42
76
121
180
GB Logistics Egypt Elimination
(25)
(20)
(30)
(28)
-103
-69.1
(25)
(45)
(75)
(103)
Manufacturing Feeding Industries Egypt
41
39
36
40
156
116.0
41
80
116
156
Manufacturing Feeding Industries Egypt Elimination
(41)
(39)
(36)
(40)
-156
-116.0
(41)
(80)
(116)
(156)
Transportation
0
0
0
0
0
0.0
0
0
0
0
Sales Revenue
316.7
370.5
390.6
321.4
1,399.2
708.0
316.7
687.2
1,077.8
1,399.2
Gross Profit
21.3
20.0
19.5
28.6
89.4
48.7
21.3
41.3
60.8
89.4
Gross Margin
6.7%
5.4%
5.0%
8.9%
6.4%
6.9%
6.7%
6.0%
5.6%
6.4%
2022
GB Auto
Balance Sheet
(LE million)
Q1
Q2
Q3
Q3
3Q21
Cash
2,125.7
2,326.8
2,896.1
2,308.9
Net Accounts Receivable
11,767.5
10,261.9
11,073.8
9,126.0
Inventory
5,743.9
4,826.3
3,805.9
3,613.1
Other Current Assets
3,366.6
3,251.9
2,640.7
3,210.8
Total Current Assets
23,003.7
20,666.8
20,416.5
18,258.8
Net Fixed Assets
4,471.4
4,531.4
4,652.1
4,096.1
Goodwill and Intangible Assets
448.4
447.1
686.0
451.5
Investment Property
90.9
90.9
90.9
90.9
Asset right of use
494.0
460.8
594.3
385.6
Other Long-Term Assets
7,118.1
7,474.3
8,989.5
9,366.9
Total Long-Term Assets
12,622.9
13,004.5
15,012.8
14,391.0
Total Assets
12,622.9
33,671.3
35,429.9
32,649.8
Short-Term Notes and Debt
14,412.2
13,528.5
14,501.1
12,799.3
Accounts Payable
7,257.5
5,302.9
4,746.6
5,321.8
Other Current Liabilities
909.4
1,030.8
1,352.6
601.3
Total Current Liabilities
22,579.0
19,862.1
20,600.3
18,722.4
Long-Term Notes and Debt
3,810.8
3,952.2
4,150.5
5,813.8
Other Long-Term Liabilities
926.06
1,237.6
1,271.2
976.8
Total Long-Term Liabilities
4,736.8
5,189.8
5,421.7
6,790.6
Minority Interest
1,846.8
2,137.3
2,278.2
1,638.1
Common Stock
1,094.0
1,094.0
1,085.5
1,094.0
Shares Held With the Group
(8.51)
(8.5)
- 0
- 0
Legal Reserve
524.7
547.1
578.4
500.5
Risk reserve
90.40
90.4
47.1
49.5
Private risk reserve - Non banking financial service
0
49.5
49.4
90.4
Other Reserves
2,466.5
2,494.3
2,597.7
2,170.2
Retained Earnings (Losses)
2,017.9
2,216.7
2,766.7
1,594.1
Total Shareholder's Equity
8,310.7
8,619.5
9,407.3
5,498.8
Total Liabilities and Shareholder's Equity
35,626.6
33,671.3
35,429.9
32,649.8
Income Statement
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
Revenues
7,842.1
7,833.8
7,211.7
22,887.6
22,390.1
7,842.1
15,675.8
22,887.6
COGS
6,008.5
5,656.6
5,113.6
16,778.7
17,973.8
6,008.5
11,665.1
16,778.7
Gross Profit
1,833.6
2,177.1
2,098.2
6,108.9
4,416.3
1,833.6
4,010.8
6,108.9
Gross Profit Margin
23.4%
27.8%
29.1%
26.7%
19.7%
23.4%
25.6%
26.7%
Selling & Marketing
-846.7
-906.2
-942.3
-2,695.3
(1,953.0)
-846.7
-1,753.0
-2,695.3
Administration Expenses
-114.2
-183.7
-159.7
-457.6
(379.3)
-114.2
-297.9
-457.6
Other Income (Expense)
60.5
65.2
146.3
272.1
157.0
60.5
125.7
272.1
Operating Profit
933.2
1,152.5
1,142.5
3,228.1
2,241.1
933.2
2,085.7
3,228.1
Operating Profit Margin
11.9%
14.7%
15.8%
14.1%
10.0%
11.9%
13.3%
14.1%
Net Provisions
-36.3
-15.2
-120.4
-171.9
(158.7)
-36.3
-51.4
-171.9
EBITDA
962.7
1,219.1
1,129.3
3,311.2
2,319.1
962.7
2,181.8
3,311.2
EBITDA margin
12.3%
15.6%
15.7%
14.5%
10.4%
12.3%
13.9%
14.5%
Depreciation
-65.8
-81.8
-107.3
-254.9
(236.8)
-65.8
-147.6
-254.9
EBIT
896.9
1,137.3
1,022.0
3,056.2
2,082.3
896.9
2,034.2
3,056.2
EBIT margin
11.4%
14.5%
14.2%
13.4%
9.3%
11.4%
13.0%
13.4%
Forex
-211.2
-13.4
-40.7
-265.3
15.4
-211.2
-224.6
-265.3
Net Interest
-126.7
-181.5
-170.6
-478.8
(439.5)
-126.7
-308.2
-478.8
Earnings Before Tax
559.1
942.4
810.8
2,312.2
1,658.3
559.1
1,501.4
2,312.2
Taxes
-193.4
-214.2
-156.6
-564.2
(399.7)
-193.4
-407.6
-564.2
Net Profit before Minority Interest
365.7
728.2
654.1
1,748.0
1,258.6
365.7
1,093.9
1,748.0
Minority Interest
-136.2
-237.8
-103.5
-477.5
(253.2)
-136.2
-374.0
-477.5
Net income
229.5
490.4
550.7
1,270.5
1,005.4
229.5
719.9
1,270.5
Net profit margin
2.9%
6.3%
7.6%
5.6%
4.5%
2.9%
4.6%
5.6%
Cash Flow Statement
(LE million)
Q1
Q2
Q3
9M21
Cash flows from operating activities
Net profit before tax
559
1,501
2,312
1,658.3
Adjustments:
Interest expense
200
425
643.4
546.9
Depreciation and amortization
155
203
297.7
280.3
Provisions - net
50
71
87.2
109.7
Impairment losses on current assets (net)
12
(5)
64.5
111.8
Bond issue cost amortization
- 0
(Gain) / loss on sale of property and equipments
(3)
(6)
(9.1)
(56.2)
Interest income
(73)
(117)
(164.6)
(107.4)
investments in subsidiries
27
31
(53.5)
15.6
Foreign currency translation losses
255
334
461.1
Forign Currency revaluation difference losses (unrealized)
211
82
137.7
Net profit before changes in working capital
1,392
2,520
3,777
2,559.0
Changes in working capital
Inventories
(1,530)
(606)
418.6
(223.7)
Accounts and notes receivables
(1,606)
(308)
(2,590.5)
(5,687.1)
Debtors and other debit balances
63
161
679.4
(1,004.2)
Due from related parties
(45)
(20)
(3.5)
(170.7)
Due to related parties
46
(4)
108.4
4.8
Payment rent for asset right of use
(16)
(33)
(20.1)
(55.2)
Trade payables other credit balances
1,625
(350)
(685.6)
1,885.7
Loans and borrowings
1,297
629
2,338.9
4,175.4
Cash flow generated from operating
1,227
1,990
4,022
1,483.8
Provisions used
(9)
(19)
(39.9)
(55.8)
Income tax paid during the year
(10)
(368)
(370.2)
(302.6)
Dividends
- 0
(76)
(96.0)
(84.1)
Net cash flow (used in) generated from operating activities
1,207.6
1,527.2
3,516.1
1,041.3
Cash flows from investing activities
Payments for projects under constructions
(481)
(552)
(1,131.9)
(286.7)
Purchase of intangible assets
- 0
- 0
(2.4)
Interest received
11
42
123.2
107.4
Proceeds from sale at assets held for sale
13
14
9.5
175.0
Payment in Investment in associates
- 0
(81)
(164.9)
273.8
Payment under investment
34
(25)
54.5
(55.0)
payment for minority shares
- 0
- 0
(206.0)
Net cash flow used in investing activities
(422.9)
(602.9)
1,109.6
6.1
Cash flows from financing activities
Loans and borrowings
(218)
(292)
(830.5)
396.1
Dividends paid- Non Controlling interest
(0)
(0)
(53.5)
Proceeds from minority share subsidiaries capital
- 0
- 0
0.6
Dividends paid
- 0
(109)
(379.9)
(298.9)
Dividends paid for minority
(4.3)
Bonds
- 0
700
615.2
Proceed from sale of treasury shares
- 0
- 0
Long-term notes payables
(324)
(439)
(364.7)
(3.0)
capital decrease in associates
(5)
(5)
(5.4)
(80.5)
Interest paid
(161)
(466)
(682.4)
(534.6)
received from selling treasury shares
30.2
Net cash flow generated from financing activities
(708.7)
(610.9)
(1,652.0)
(543.5)
Net (decrease) / increase in cash and cash equivalents
76
313
754.5
502.9
Cash and cash equivalents at beginning of the year
1,936
1,936
1,935.6
1,797.8
Translation differences
114
134
206.0
7.5
Cash and cash equivalents at end of the year
2,125.7
2,383.4
2,896.2
2,308.2
Segmental Breakdown
Total Passenger Car Sales Activity (All Brands and Markets)
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
CBU
6,395
5,562
3,103
15,060
20,107
6,395
11,957
15,060
CKD
5,793
5,460
5,442
16,695
15,002
5,793
11,253
16,695
Total Units
12,188
11,022
8,545
31,755
35,109
12,188
23,210
31,755
Average Price
272,376
289,183
301,648
286,087
277,599
272,376
280,358
286,087
Passenger Cars Sales Revenue
3,319.7
3,187.4
2,577.6
9,084.7
10,488.0
3,319.7
6,507.1
9,084.7
Passenger Cars Gross Profit
445.7
444.9
528.6
1,419.2
1,334.8
445.7
890.5
1,419.2
Gross Margin
13.4%
14.0%
20.5%
15.6%
12.7%
13.4%
13.7%
15.6%
Total Motorcycles & Three-Wheelers
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
Two-wheelers
16,541
11,701
30,033
58,275
58,612
16,541
28,242
58,275
Three - wheelers
20,976
18,315
-5,162
34,129
83,924
20,976
39,291
34,129
Total Units
37,517
30,016
24,871
92,404
142,536
37,517
67,533
92,404
Average Price
33,538
40,688
44,215
38,734
29,602
33,538
36,716
38,734
Total Two & Three Wheelers Revenues
1,327.8
1,282.6
1,175.4
3,785.8
4,368.5
1,327.8
2,610.4
3,785.8
Total Two & Three Wheelers Gross Profit
242.6
280.5
266.3
789.4
789.9
242.6
523.1
789.4
Two & Three Wheelers Gross Margin
18.3%
21.9%
22.7%
20.9%
18.1%
18.3%
20.0%
20.9%
Commercial Vehicles & Construction Equipment: All Brands and Markets
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
Buses (incl Exports)
106
42
68
216
265
106
148
216
Trucks
313
278
251
842
693
313
591
842
Tractors
0
0
0
0
0
0
0
0
Trailers ( incl Exports)
8
71
2
81
108
8
79
81
CE
24
28
16
68
72
24
52
68
Total Units
451.0
419.0
337.0
1,207.0
1,138
451.0
870.0
1,207.0
Average Price
722,177
928,400
875,557
836,590
570,818
722,177
821,496
875,557
Total Commercial Vehicle Revenue
386.0
454.0
363.9
1,203.9
812.9
386.0
840.0
1,203.9
Total Commercial Vehicle Gross Profit
51.2
47.5
56.2
154.8
-6.6
51.2
98.7
154.8
Commercial Vehicle Gross Margin
13.3%
10.5%
15.4%
12.9%
-0.8%
13.3%
11.7%
15.4%
Tires Sales Activity
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
In LE Million
Sales Revenue
446.3
360.6
413.9
1,220.8
1,011.4
446.3
806.9
1,220.8
Gross Profit
80.8
80.3
125.1
286.2
204.5
80.8
161.1
286.2
Gross Margin
18.1%
22.3%
30.2%
23.4%
20.2%
18.1%
20.0%
23.4%
Financing Businesses Net
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
In LE Million
GB Lease
118
140
209
467
404.8
118
258
467
MNT-Halan
978
1,260
1,007
3,246
2,466.4
978
2,238
3,246
Drive
526
471
543
1,540
1,622.4
526
997
1,540
HTT
33
36
42
111
91.7
33
69
111
GB Capital
0
1
3
4
46
0
1
4
Sales Revenue
1,655.2
1,907.9
1,804.9
5,368.0
4,631.5
1,655.2
3,563.1
5,368.0
Gross Profit
876.7
1,161.2
957.8
2,995.7
2,032.9
876.7
2,037.9
2,995.7
Gross Margin
53.0%
60.9%
53.1%
55.8%
43.9%
53.0%
57.2%
55.8%
Others
Q1
Q2
Q3
9M22
9M21
YTD- Q1
YTD- Q2
YTD- Q3
In LE Million
Pre-owned Passenger Cars
29
18
30
77
87.6
29
47
77
Pre-owned CV
0
0
0
0
4.2
0
0
0
Steel Structure Egypt
0
1
0
2
0.0
0
1
2
GB Accademy Egypt
0
1
1
2
1.7
0
1
2
TVD Bussines Egypt
36
19
45
100
263.9
36
56
100
Autombilak Bussines Egypt
214
147
99
459
621.2
214
361
459
Lubricants
19
6
0
26
48.6
19
26
26
Retail
2
2
3
7
5.5
2
5
7
GB Logistics Egypt
81
40
77
198
120.9
81
121
198
GB Logistics Egypt Elimination
(30)
(28)
(23)
-81
-75.2
(30)
(58)
(81)
Manufacturing Feeding Industries Egypt
35
25
14
73
115.9
35
59
73
Manufacturing Feeding Industries Egypt Elimination
(35)
(25)
(14)
-73
-115.9
(35)
-59
-73
Sales Revenue
351.5
207.0
231.8
790.3
1,077.8
351.5
558.5
790.3
Gross Profit
29.4
9.8
17.2
56.4
60.8
29.4
39.2
56.4
Gross Margin
8.4%
4.7%
7.4%
7.1%
5.6%
8.4%
7.0%
7.1%
Disclaimer
GB Auto SAE published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 21 November 2022 08:38:04 UTC .
GB Corp Reports Earnings Results for the Full Year Ended December 31, 2023
Feb. 29
CI
GB Corp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
Nov. 14
CI
GB Corp Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
23-08-15
CI
GB Corp Reports Earnings Results for the First Quarter Ended March 31, 2023
23-06-20
CI
GB Auto (S.A.E.) Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
23-02-26
CI
Chimprop 2 Investment SPV RSC Ltd acquired 21.7% stake in MNT Investments B.V. from GB Auto (S.A.E.) and other shareholders.
22-12-10
CI
Transcript : GB Auto (S.A.E.), Q3 2022 Earnings Call, Nov 29, 2022
22-11-29
GB Auto (S.A.E.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
22-11-13
CI
Chimprop 2 Investment SPV RSC Ltd signed definitive agreements to acquire 21.7% stake in MNT Investments B.V. from GB Auto (S.A.E.) and other shareholders.
22-10-26
CI
GB Auto (S.A.E.)(CASE:AUTO) dropped from S&P Global BMI Index
22-09-19
CI
3atlana For Cars Services announced that it has received funding from GB Auto (S.A.E.)
22-08-30
CI
Transcript : GB Auto (S.A.E.), Q2 2022 Earnings Call, Aug 30, 2022
22-08-30
GB Auto (S.A.E.) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
22-08-14
CI
Transcript : GB Auto (S.A.E.), Q1 2022 Earnings Call, May 30, 2022
22-05-30
GB Auto (S.A.E.) Reports Earnings Results for the First Quarter Ended March 31, 2022
22-05-19
CI
Transcript : GB Auto (S.A.E.), Q4 2021 Earnings Call, Mar 14, 2022
22-03-14
GB Auto (S.A.E.) Reports Earnings Results for the Full Year Ended December 31, 2021
22-02-24
CI
GB Auto (S.A.E.) Reports Earnings Results for the Fourth Quarter Ended December 31, 2021
22-02-24
CI
Foreign Investment Funds signed an agreement to acquire 57.26% stake of MNT Investments B.V. from GB Auto (S.A.E.).
21-12-30
CI
Transcript : GB Auto (S.A.E.), Q3 2021 Earnings Call, Nov 24, 2021
21-11-24
GB Auto (S.A.E.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
21-11-14
CI
GB Auto (S.A.E.)(CASE:AUTO) added to S&P Global BMI Index
21-09-20
CI
GB Auto (S.A.E.)(CASE:AUTO) added to S&P Pan Arab Composite
21-09-20
CI
Transcript : GB Auto (S.A.E.), Q2 2021 Earnings Call, Aug 17, 2021
21-08-17
Gb Auto S.A.E. Reports Earnings Results for the Second Quarter Ended June 30, 2021
21-08-11
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
GB Corp S.A.E. (formerly GB Auto S.A.E.) specializes in assembling and distributing automotive vehicles and motorcycles. Net sales break down by activity as follows:
- sale of individual vehicles (33.9%): Hyundai, Mazda and Geely brands;
- sale financing services (19.5%);
- sale of motorcycles (12.7%): Bajaj brand;
- sale of utility vehicles (4%): buses and trucks (Volvo, Mitsubishi, Fuso brands, etc.). The group also provides building engines;
- other (29.9%): sale of tires (Lassa, Yokohama, Rotalla, Grandstone brands, etc.), etc.
More about the company
Last Close Price
9.95
EGP
Average target price
12.1
EGP
Spread / Average Target
+21.61%
Consensus
1st Jan change
Capi.
+25.95% 231M +31.56% 281B +10.31% 77.5B +8.41% 72.73B +19.41% 53.83B +26.28% 51.35B +0.45% 49.66B +21.32% 42.33B +21.13% 39.3B +33.13% 30.27B
Other Auto & Truck Manufacturers
+951% of historical
More than 20 years
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