Date of Listing | Number of Shares Outstanding | Reuters Code: AUTO.CA | ||
9 July 2007 | 1,085,500,000 | Bloomberg Code: AUTO.EY |
INVESTOR FACT SHEET - 3Q 2022
Operating six lines of business across Egypt and Iraq, GB Auto is a leading automotive player that boasts a strong operational footprint across multiple sectors - Passenger Cars, Motorcycles & Three-Wheelers, Commercial Vehicles
- Construction Equipment, Tires, Financing, After-Sales, and Regional operations - the company is focused on automotive assembly, manufacturing, sales and distribution, after-sales services, retail, trade-in, and logistics.
GB AUTO & AUTO | GB AUTO | GB CAPITAL | |||||||
RELATED | (FINANCING BUSINESSES) | ||||||||
EGYPT | EGYPT MOTORCYCLES | GB LEASE | MNT-HALAN | ||||||
PASSENGER CARS | & THREE WHEELERS | ||||||||
EGYPT | DRIVE | GB AUTO RENTAL | |||||||
COMMERCIAL VEHICLES & | EGYPT TIRES | ||||||||
CONSTRUCTION EQUIPMENT | |||||||||
KAF | BEDAYA | ||||||||
EGYPT AFTER-SALES | REGIONAL | ||||||||
GB AUTO STOCK PERFORMANCE | SHAREHOLDING STRUCTURE | ||||||||
140 | 35,000,000 | (AS OF 30 SEPTEMBER 2022) | |||||||
120 | 30,000,000 | 36.6% | |||||||
80 | 20,000,000 | ||||||||
100 | 25,000,000 | ||||||||
60 | 15,000,000 | ||||||||
40 | 10,000,000 | ||||||||
20 | Feb-22Mar-22Apr-22 | May-22Jun-22 | Jul-22 | Aug-22Sep-22 | 5,000,000 | 63.4% | |||
Jan-22 | 0 | ||||||||
0 | |||||||||
Volume | EGX Rebased | GB Auto Rebased | Ghabbour Family | ||||||
Free Float | |||||||||
INCOME STATEMENT SNAPSHOT | Three Months Ended | Six Months Ended | |||||||
(LE million) | 3Q21 | 3Q22 | % Change | 9M21 | 9M22 | % Change | |||
Total Sales Revenues | 8,293.5 | 7,211.7 | -13.0% | 22,390.1 | 22,887.5 | 2.2% | |||
Total Gross Profit | 1,605.0 | 2,098.2 | 30.7% | 4,416.3 | 6,109.0 | 38.3% | |||
Operating Profit | 787.4 | 1,058.6 | 34.4% | 2,237.3 | 3,174.7 | 41.9% | |||
EBIT | 728.2 | 1,022.1 | 40.4% | 2,078.5 | 3,056.3 | 47.0% | |||
Earnings Before Tax | 584.5 | 810.9 | 38.7% | 1,654.5 | 2,312.4 | 39.8% | |||
Net Income / Loss | 332.3 | 550.7 | 65.7% | 1,004.6 | 1,270.5 | 26.5% | |||
BALANCE SHEET SNAPSHOT | As of | REGIONAL FOOTPRINT | |||||||
(LE million) | 31-Dec-21 | 30-Sep-22 | % Change | ||||||
Total Current Assets | 19,359.1 | 20,522.8 | 6.0% | ||||||
Total Long-Term Assets | 12,749.0 | 15,012.8 | 17.8% | ||||||
Total Assets | 32,108.1 | 35,535.6 | 10.7% | ||||||
Total Current Liabilities | 19,750.1 | 20,706.6 | 4.8% | ||||||
Total Long-Term Liabilities | 4,792.9 | 5,421.7 | 13.1% | ||||||
Non-Controlling Interest | 1,649.7 | 2,278.2 | 38.1% | ||||||
Total Shareholder's Equity | 7,565.0 | 7,129.1 | -5.8% | ||||||
Total Liabilities and Shareholder's Equity | 32,108.1 | 35,535.6 | 10.7% |
SHARES | Arqaam Capital | Beltone Financial | CI Capital | EFG Hermes l Rennaissance Capital |
COVERED BY | HC Securities | HSBC | Naeem Holding | Prime Holding | Pharos Holding | Sigma Capital |
AUTO & AUTO RELATED
EGYPT PASSENGER | 3Q22 GROUP REVENUE | 29.7% |
CARS | CONTRIBUTION | |
- Assembly and distribution of imported completely-knocked-down (CKD) kits with a production capacity of around 80,000 units per year
- Distribution of imported completely-built-up (CBU) vehicles
- Financing options provided through Drive
- Brands: Hyundai, Chery, Mazda, Changan, Haval
EGYPT COMMERCIAL VEHICLES | 3Q22 GROUP REVENUE | 4.1% | ||
& CONSTRUCTION EQUIPMENT | CONTRIBUTION | |||
• Assembly and distribution of trucks | ||||
• Bus-body manufacturing; distribution of buses | ||||
• Manufacturing and distribution of | ||||
superstructures and trailers | ||||
• Distribution of earth-moving equipment, road | ||||
machinery, and power generators | ||||
• Brands: Mitsubishi Fuso, Volvo Trucks and | ||||
Buses, Volvo Construction Equipment, | ||||
Iveco, YTO, Marcopolo, Karry, SDLG, Aksa | ||||
and Shacman Trucks | ||||
EGYPT TIRES | 3Q22 GROUP REVENUE | 5.7% | ||
CONTRIBUTION | ||||
- Distribution of passenger car, van, truck, construction equipment and bus tires
- Brands: Yokohama, Lassa, Westlake, Double Coin, Verde, Techking, Goodyear, Thunderer and Sunfull
EGYPT MOTORCYCLES | 3Q22 GROUP REVENUE | 5.8% |
& THREE-WHEELERS | CONTRIBUTION | |
- Assembly and distribution of motorcycles & three-wheelers and manufacturing of components at the Badr Facility
- Financing options provided through Mashroey
• Brands: Bajaj
EGYPT AFTER-SALES | 3Q22 GROUP REVENUE | 6.7% |
CONTRIBUTION | ||
- After-salesservices and distribution of spare parts for passenger cars, motorcycles & three-wheelers, and commercial vehicles & construction equipment
- The largest cross-country network of its kind
- Constant and ongoing expansion of network and service center capacities
REGIONAL | 16.2% |
3Q22 GROUP REVENUE CONTRIBUTION
- Distribution of imported completely-built-up (CBU) passenger car units in Iraq (MG) with after-sales services
- Distribution of Bajaj motorcycles & three-wheelers in Iraq and after-sales services
- Markets: Iraq
- Brands: MG and Bajaj
STARTUPS | 3.2% |
3Q22 GROUP REVENUE CONTRIBUTION
- Parts and lubricants business PAL distributes Gazprom Neft Lubricants in Egypt
- The pre-owned vehicles division rolled out a Western-stylepre-owned car operation under the brand name Fabrika
- Retail division 360 operates after-sales and retail outlets, distributing tires, tire parts, batteries, parts and lubricants, and will also offer related services in various locations
- El Mikaneeky is a trusted professional car servicing company that provides affordable solutions to the entire car market
- Under the brand name TVD, the company distributes JMC-branded vehicles
- Markets: Egypt
- Companies: PAL, Fabrika, 360, El Mikaneeky
GB CAPITAL (FINANCING BUSINESSES)
GB CAPITAL | 28.6% |
3Q22 GROUP REVENUE CONTRIBUTION
- GB Capital oversees the operations of the group's five non-bank financial service providers, offering financing in all segments of the market
- GB Lease provides business-to-business financial leasing services to a wide range of companies, covering all asset classes
- MNT-Halanis Egypt's largest and fastest growing non-bank lender to the unbanked, digitizing traditional banking and cash-based markets through tech and data driven solutions
- Drive offers factoring services, both business-to-business and business-to-consumer
- GB Auto Rental offers car rental services on a quasi-operational lease basis to companies in the market
- Bedaya is a mortgage finance venture offering long-term and competitive mortgages for new move-in homes
- KAF is a life insurance company that was acquired along with EFG Hermes to capitalize on the growing demand for insurance offerings in Egypt.
- Market: Egypt
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.
Mansour Kabbani | Marina Kamal | Sarah Maged | Direct: +20 (0)2 3910 0485 | ir.ghabbourauto.com |
Investor Relations | Investor Relations | |||
Fax: +20 (0)2 3539 0139 | E-mail: ir@ghabbour.com | |||
Board of Directors Member | Senior Manager | Communications Manager | ||
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GB Auto SAE published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 09:45:05 UTC.