investor fact sheet - 1q 2016 - ghabbour autoresources.ghabbourauto.com/gb-1q16-fact-sheet-e.pdf ·...
TRANSCRIPT
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%
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
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ir.ghabbourauto.comE-mail:[email protected]
MenatallaSadek,CFAChiefInvestmentOfficer
SarahMagedFinancialAnalyst
AndreValavnisFinancialAnalyst
Direct:+20(0)239100485Fax:+20(0)235390139