investor fact sheet - 1q 2016 - ghabbour autoresources.ghabbourauto.com/gb-1q16-fact-sheet-e.pdf ·...

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INCOME STATEMENT SNAPSHOT Three Months Ended (LE million) 1Q15 1Q16 % Change Total Sales Revenues 3,200.3 2,924.6 -8.6% Total Gross Profit 402.5 442.4 9.9% Operang Profit 220.2 236.5 7.4% EBIT 215.6 225.1 4.4% Earnings Before Tax 68.4 42.5 -37.9% Net Income 52.1 28.6 -45.1% Arqaam Capital | Beltone Financial | CI Capital | EFG Hermes HC Securities | HSBC | NBK Capital | Naeem Holding | Prime Holding SHARES COVERED BY BALANCE SHEET SNAPSHOT As of (LE million) 31-Mar-15 31-Mar-16 % Change Total Current Assets 7,274.2 7,610.8 4.6% Total Long-Term Assets 4,524.0 5,041.8 11.4% Total Assets 11,798.2 12,652.7 7.2% Total Current Liabilies 6,334.1 6,698.3 5.7% Total Long-Term Liabilies 1,521.0 1,799.5 18.3% Minority Interest 608.7 664.7 9.2% Total Shareholder’s Equity 3,334.4 3,490.2 4.7% Total Liabilies and Shareholder’s Equity 11,798.2 12,652.7 7.2% REGIONAL FOOTPRINT INVESTOR FACT SHEET - 1Q 2016 GB Auto is a leading regional player with operations in key markets and sectors throughout the Middle East and North Africa. e company is focused on automotive assembly, manufacturing, sales & distribution, financing and after- sales services — including vehicle servicing and related products — and has diverse operations spanning six business units. Number of Shares Outstanding 1,094,009,733 Date of Listing 9 July 2007 Reuters Code: AUTO.CA Bloomberg Code: AUTO.EY Ghabbour Family Free Float GB AUTO STOCK PERFORMANCE SHAREHOLDER STRUCTURE (AS OF 31 DEC 2015) 41.2% 58.8%

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Page 1: INVESTOR FACT SHEET - 1Q 2016 - Ghabbour Autoresources.ghabbourauto.com/gb-1q16-fact-sheet-e.pdf · sales services — including vehicle servicing and related products — and has

INCOME STATEMENT SNAPSHOT Three Months Ended

(LE million) 1Q15 1Q16 % Change

Total Sales Revenues 3,200.3 2,924.6 -8.6%

Total Gross Profit 402.5 442.4 9.9%

Operating Profit 220.2 236.5 7.4%

EBIT 215.6 225.1 4.4%

Earnings Before Tax 68.4 42.5 -37.9%Net Income 52.1 28.6 -45.1%

Arqaam Capital | Beltone Financial | CI Capital | EFG Hermes HC Securities | HSBC | NBK Capital | Naeem Holding | Prime Holding

SHARES COVERED BY

BALANCE SHEET SNAPSHOT As of

(LE million) 31-Mar-15 31-Mar-16 % Change

Total Current Assets 7,274.2 7,610.8 4.6%

Total Long-Term Assets 4,524.0 5,041.8 11.4%

Total Assets 11,798.2 12,652.7 7.2%

Total Current Liabilities 6,334.1 6,698.3 5.7%

Total Long-Term Liabilities 1,521.0 1,799.5 18.3%

Minority Interest 608.7 664.7 9.2%

Total Shareholder’s Equity 3,334.4 3,490.2 4.7%

Total Liabilities and Shareholder’s Equity 11,798.2 12,652.7 7.2%

REGIONAL FOOTPRINT

INVESTOR FACT SHEET - 1Q 2016GB Auto is a leading regional player with operations in key markets and sectors throughout the Middle East and North Africa. The company is focused on automotive assembly, manufacturing, sales & distribution, financing and after-sales services — including vehicle servicing and related products — and has diverse operations spanning six business units.

Number of Shares Outstanding1,094,009,733

Date of Listing9 July 2007

Reuters Code: AUTO.CABloomberg Code: AUTO.EY

Ghabbour Family Free Float

GB AUTO STOCK PERFORMANCE SHAREHOLDER STRUCTURE (AS OF 31 DEC 2015)

41.2%

58.8%

Page 2: INVESTOR FACT SHEET - 1Q 2016 - Ghabbour Autoresources.ghabbourauto.com/gb-1q16-fact-sheet-e.pdf · sales services — including vehicle servicing and related products — and has

Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of GB Auto. Such statements involve known and unknown risks, uncertainties and other factors; undue reliance should not be placed thereon. Certain information contained herein constitutes “targets” or “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of GB Auto may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of GB Auto is subject to risks and uncertainties.

GB AUTO’S DIVERSE OPERATIONS ARE SEGMENTED ACROSS SIX PRIMARY LINES OF BUSINESS

PASSENGER CARS

1Q16 GROUP REVENUE CONTRIBUTION

• Assemblyanddistributionofimportedcompletely-knocked-down(CKD)kitswithaproductioncapacityofaround50,000unitsperyearfortheEgyptianmarket

• Distributionofimportedcompletely-built-up(CBU)vehiclesacrossfootprint

• After-Salesserviceanddistributionofspareparts

• FinancingoptionsprovidedthroughDriveinEgypt

• Markets:Egypt,Iraq,Algeria

57.9%1Q16 GROUP REVENUE CONTRIBUTION

MOTORCYCLES & THREE-WHEELERS

• Distributionofmotorcyclesandthree-wheelers(“tuk-tuks”)

• After-Salesserviceanddistributionofspareparts

• FinancingoptionsprovidedthroughMashroey

• Markets:Egypt,Iraq

15.6%1Q16 GROUP REVENUE CONTRIBUTION

COMMERCIAL VEHICLES & CONSTRUCTION EQUIPMENT

• Assemblyanddistributionoftrucks• Bus-bodymanufacturing;distributionofbuses

• Manufacturinganddistributionofsuperstructuresandtrailers

• Distributionofconstructionandfarmingequipment

• Distributionofgenerators• After-Salesserviceanddistributionofspareparts

• Markets:Egypt

09.6%

1Q16 GROUP REVENUE CONTRIBUTION

OTHERS

• TheLubricantsbusinessdistributesGazpromNeft-LubricantsinEgypt

• ThePre-OwnedVehiclesdivisionisrollingoutaWestern-stylepre-ownedcaroperation

• TheRetaildivisionwilloperateretailAfter-Salesoutletstodistributetires,tireparts,batteries,partsandlubricants,andwillalsoofferrelatedservicesinselectlocations

• Market:Egypt

01.3%TIRES

1Q16 GROUP REVENUE CONTRIBUTION

• Distributionofpassengercar,van,truck,constructionequipmentandbustires

• Markets:Egypt,Iraq,Algeria,Jordan

03.7%1Q16 GROUP REVENUE CONTRIBUTION

FINANCING BUSINESSES

• GBAuto’sFinancingBusinessesofferfinancinginallsegmentsofthemarket

• GBLeaseprovidesbusiness-to-businessfinancialleasingsolutions,coveringallassetclasses

• Mashroeyfinancesthepurchaseofmotorcycles,tuk-tuks,YTOtractorsandmotortricycles

• Driveoffersfactoringservices,bothbusiness-to-businessandbusiness-to-consumer

• HTTprovidesoperationalleasing• Tasaheeloperatesasanon-bankfinancialservicescompany

• Market:Egypt

11.9%

GBAutosignedanagreementwithIndiantwo-and three-wheelers maker, Bajaj, that signaledthe commencement of work on the expansionof assembly operations in Egypt. Bajaj will beprovidingGBAutowithengineeringdataaswellas technical expertiseandassistance related totheBoxer150andAuto-Rickshawmodels.

Thecompanywillbeginbuildingnewcomponentmanufacturing hangers and purchasingmachineryandequipmentfornewpaintingandwelding shops, and is currently in negotiationsoverthelocationoftheproject.

GB Auto was awarded a new tender from theEgyptian Public Transport Authority to deliver260VolvocitybusestotheCairoandAlexandriaauthoritiesby3Q16.

ThetenderisexpectedtoboosttheperformanceofGBAuto’sbussegmentintheremainderof2016andincreasethecompany’soverallmarketshareandstanding.GBPolohaddeliveredthefirstCTAbusesassembledonVolvochassistoacommitteeofCTAinspectors,whoapprovedtheorderuponfirstinspectionduringthefinalmonthsof2015.

GB Auto inks agreement with Bajaj to expand Egypt operations

GB Auto awarded NEW tender for 260 new buses

March 2016 saw GB Auto establish a new 3Sfacility in Amreya, Alexandria to service itsdifferentpassengercarandcommercialvehiclesbrands. Within a single month of operationscommencing,thebranchreporteda50%capacityutilizationrate–afigurethat’sexpectedtogrowsignificantlyoverthecomingperiod.

In Cairo, and to deal with the ever-increasingcapacity, GB Auto began operating a secondnight-timeshiftatitsNewCairoservicingfacilityontheRingRoad.ThefacilityisthefirstinEgypt toeveroffercustomersround-the-clockservice.

GB Auto establishes new servicing facility in Alexandria & Offers exclusive round-the-clock SERVICE IN CAIRO

LATEST CORPORATE DEVELOPMENTS

321

ir.ghabbourauto.comE-mail:[email protected]

MenatallaSadek,CFAChiefInvestmentOfficer

SarahMagedFinancialAnalyst

AndreValavnisFinancialAnalyst

Direct:+20(0)239100485Fax:+20(0)235390139