GB 4Q15 Fact Sheet
Investor Fact Sheet 4Q 2015
Shareholder Information Date of Listing: 9 July 2007 Reuters Code: AUTO.CA Bloomberg Code: AUTO.EY
GB 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 Outstanding 1,094,009,733
Shareholder Structure
GB Auto Stock Performance
(As Of 31 dec 2015)
41.3% 58.7%
Ghabbour Family Ghabbour Family Free Float Free Float
Income Statement Snapshot Three Months Ended (LE million) Total Sales Revenues Total Gross Profit Operating Profit EBIT Earnings Before Tax Net Income
4Q14 3,491.5 413.5 249.6 235.4 70.2 32.1
4Q15 2,689.3 409.3 169.6 130.1 -13.9 28.1
% Change -23.0% -1.0% -32.1% -44.7% -12.3%
Balance Sheet Snapshot As Of (LE million) Total Current Assets Total Long-Term Assets Total Assets Total Current Liabilities Total Long-Term Liabilities Minority Interest Total Shareholder’s Equity Total Liabilities and Shareholder’s Equity
SHARES COVERED BY
31-Dec-14 5,978.7 3,606.4 9,585.1 5,593.5 1,217.7 637.8 2,136.1 9,585.1
31-Dec-15 7,274.2 4,524.0 11,798.2 6,334.1 1,521.0 608.7 3,334.4 11,798.2
% Change
Regional Footprint
21.7% 25.4% 23.1% 13.2% 24.9% -4.6% 56.1% 23.1%
Arqaam Capital | Beltone Financial | CI Capital | EFG Hermes HC Securities | HSBC | NBK Capital | Naeem Holding | Prime Holding
GB Auto’s diverse operations are segmented across six primary lines of business Motorcycles & Three-Wheelers
Passenger Cars 55.7%
4Q15 Group Revenue Contribution
55.7% 18.1%
55.7% 18.1% 10.7%
• Distribution of motorcycles and threewheelers (“tuk-tuks”) • After-Sales service and distribution of spare parts • Financing options provided through Mashroey • Markets: Egypt, Iraq
Financing Businesses
Tires 3.4% 18.1% 10.7%
4Q15 Group Revenue Contribution
• Distribution of passenger car, van, truck, construction equipment and bus tires • Markets: Egypt, Iraq, Algeria, Jordan
10.9% 10.7% 3.4%
18.1% 10.7% 3.4%
10.7% 3.4% 10.9%
4Q15 Group Revenue Contribution
4Q15 Group Revenue Contribution
• Assembly and distribution of imported completely-knocked-down (CKD) kits with a production capacity of around 50,000 units per year for the Egyptian market • Distribution of imported completely-builtup (CBU) vehicles across footprint • After-Sales service and distribution of spare parts • Financing options provided through Drive in Egypt • Markets: Egypt, Iraq, Algeria
10.7% 55.7% 18.1%
Commercial Vehicles & Construction Equipment
• Assembly and distribution of trucks • Bus-body manufacturing; distribution of buses • Manufacturing and distribution of superstructures and trailers • Distribution of construction and farming equipment • Distribution of generators • After-Sales service and distribution of spare parts • Markets: Egypt
Others 1.2% 3.4% 10.9%
4Q15 Group Revenue Contribution
1.2%
10.9%
1.2%
4Q15 Group Revenue Contribution
• GB Auto’s Financing Businesses offer financing in all segments of the market • GB Lease provides business-to-business financial leasing solutions, covering all asset classes • Mashroey finances the purchase of motorcycles, tuk-tuks, YTO tractors and motor tricycles • Drive offers factoring services, both business-to-business and business-toconsumer • HTT provides operational leasing • Tasaheel operates as a non-bank financial services company • Market: Egypt
• The Lubricants business distributes Gazprom Neft-Lubricants in Egypt • The Pre-Owned Vehicles division is rolling out a Western-style pre-owned car operation • The Retail division will operate retail After-Sales outlets to distribute tires, tire parts, batteries, parts and lubricants, and will also offer related services in select locations • Market: Egypt
2) GB Auto awarded NEW tender for 150 new buses
3) GB Auto establishes new servicing facility in Alexandria
Latest Corporate Developments 1) Karim Gaddas Appointed AS CEO of GB AUto’s tires business In October, GB Auto appointed Mr. Karim Gaddas as the Chief Executive Officer for its Tires business. Mr. Gaddas will lead the Group’s efforts in in establishing a new tires manufacturing facility, in addition to managing the company’s current tires distribution operations. Mr. Gaddas has over 20 years of experience in general management, operations, and sales and marketing, having previously served in numerous positions at Pirelli, including headquarter-level roles in Milan, and regional roles in Paris, Dubai, Cairo, and Alexandria.
GB Auto was awarded a new tender from the Egyptian Public Transport Authority to deliver 150 buses in 2016.
March 2016 saw GB Auto establish a new 3S facility in Amreya, Alexandria to service its different passenger car and commercial vehicles brands.
The tender is expected to boost GB Auto and GB Polo’s market share and standing, following the successful delivery of some 450 buses to the Cairo and Alexandria public transport authorities during 2015, and GB Polo’s first batch of Volva chassis CTA buses.
GB Auto’s After-Sales service centers are key contributors to the company’s overall profits. Management intends to remain focused on developing and expanding the company’s network of service facilities and anticipates further announcements regarding product representations within company-branded service centers and third-party points of sale in the near future.
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.
Menatalla Sadek, CFA Chief Investment Officer Hoda Yehia AVP - Corporate Finance
Direct: +20 (0)2 3910 0485 Fax: +20 (0)2 3539 0139
ir.ghabbourauto.com
E-mail: [email protected]
Shareholder Information Date of Listing: 9 July 2007 Reuters Code: AUTO.CA Bloomberg Code: AUTO.EY
GB 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 Outstanding 1,094,009,733
Shareholder Structure
GB Auto Stock Performance
(As Of 31 dec 2015)
41.3% 58.7%
Ghabbour Family Ghabbour Family Free Float Free Float
Income Statement Snapshot Three Months Ended (LE million) Total Sales Revenues Total Gross Profit Operating Profit EBIT Earnings Before Tax Net Income
4Q14 3,491.5 413.5 249.6 235.4 70.2 32.1
4Q15 2,689.3 409.3 169.6 130.1 -13.9 28.1
% Change -23.0% -1.0% -32.1% -44.7% -12.3%
Balance Sheet Snapshot As Of (LE million) Total Current Assets Total Long-Term Assets Total Assets Total Current Liabilities Total Long-Term Liabilities Minority Interest Total Shareholder’s Equity Total Liabilities and Shareholder’s Equity
SHARES COVERED BY
31-Dec-14 5,978.7 3,606.4 9,585.1 5,593.5 1,217.7 637.8 2,136.1 9,585.1
31-Dec-15 7,274.2 4,524.0 11,798.2 6,334.1 1,521.0 608.7 3,334.4 11,798.2
% Change
Regional Footprint
21.7% 25.4% 23.1% 13.2% 24.9% -4.6% 56.1% 23.1%
Arqaam Capital | Beltone Financial | CI Capital | EFG Hermes HC Securities | HSBC | NBK Capital | Naeem Holding | Prime Holding
GB Auto’s diverse operations are segmented across six primary lines of business Motorcycles & Three-Wheelers
Passenger Cars 55.7%
4Q15 Group Revenue Contribution
55.7% 18.1%
55.7% 18.1% 10.7%
• Distribution of motorcycles and threewheelers (“tuk-tuks”) • After-Sales service and distribution of spare parts • Financing options provided through Mashroey • Markets: Egypt, Iraq
Financing Businesses
Tires 3.4% 18.1% 10.7%
4Q15 Group Revenue Contribution
• Distribution of passenger car, van, truck, construction equipment and bus tires • Markets: Egypt, Iraq, Algeria, Jordan
10.9% 10.7% 3.4%
18.1% 10.7% 3.4%
10.7% 3.4% 10.9%
4Q15 Group Revenue Contribution
4Q15 Group Revenue Contribution
• Assembly and distribution of imported completely-knocked-down (CKD) kits with a production capacity of around 50,000 units per year for the Egyptian market • Distribution of imported completely-builtup (CBU) vehicles across footprint • After-Sales service and distribution of spare parts • Financing options provided through Drive in Egypt • Markets: Egypt, Iraq, Algeria
10.7% 55.7% 18.1%
Commercial Vehicles & Construction Equipment
• Assembly and distribution of trucks • Bus-body manufacturing; distribution of buses • Manufacturing and distribution of superstructures and trailers • Distribution of construction and farming equipment • Distribution of generators • After-Sales service and distribution of spare parts • Markets: Egypt
Others 1.2% 3.4% 10.9%
4Q15 Group Revenue Contribution
1.2%
10.9%
1.2%
4Q15 Group Revenue Contribution
• GB Auto’s Financing Businesses offer financing in all segments of the market • GB Lease provides business-to-business financial leasing solutions, covering all asset classes • Mashroey finances the purchase of motorcycles, tuk-tuks, YTO tractors and motor tricycles • Drive offers factoring services, both business-to-business and business-toconsumer • HTT provides operational leasing • Tasaheel operates as a non-bank financial services company • Market: Egypt
• The Lubricants business distributes Gazprom Neft-Lubricants in Egypt • The Pre-Owned Vehicles division is rolling out a Western-style pre-owned car operation • The Retail division will operate retail After-Sales outlets to distribute tires, tire parts, batteries, parts and lubricants, and will also offer related services in select locations • Market: Egypt
2) GB Auto awarded NEW tender for 150 new buses
3) GB Auto establishes new servicing facility in Alexandria
Latest Corporate Developments 1) Karim Gaddas Appointed AS CEO of GB AUto’s tires business In October, GB Auto appointed Mr. Karim Gaddas as the Chief Executive Officer for its Tires business. Mr. Gaddas will lead the Group’s efforts in in establishing a new tires manufacturing facility, in addition to managing the company’s current tires distribution operations. Mr. Gaddas has over 20 years of experience in general management, operations, and sales and marketing, having previously served in numerous positions at Pirelli, including headquarter-level roles in Milan, and regional roles in Paris, Dubai, Cairo, and Alexandria.
GB Auto was awarded a new tender from the Egyptian Public Transport Authority to deliver 150 buses in 2016.
March 2016 saw GB Auto establish a new 3S facility in Amreya, Alexandria to service its different passenger car and commercial vehicles brands.
The tender is expected to boost GB Auto and GB Polo’s market share and standing, following the successful delivery of some 450 buses to the Cairo and Alexandria public transport authorities during 2015, and GB Polo’s first batch of Volva chassis CTA buses.
GB Auto’s After-Sales service centers are key contributors to the company’s overall profits. Management intends to remain focused on developing and expanding the company’s network of service facilities and anticipates further announcements regarding product representations within company-branded service centers and third-party points of sale in the near future.
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.
Menatalla Sadek, CFA Chief Investment Officer Hoda Yehia AVP - Corporate Finance
Direct: +20 (0)2 3910 0485 Fax: +20 (0)2 3539 0139
ir.ghabbourauto.com
E-mail: [email protected]
