Fundamentals

Three-Month Annual Progression
(LE million) 31-Dec-17 31-Dec-18 31-Dec-19
Revenues 5,483.7 7,040.5 7,093.60
Gross Profit 497.9 875.5 1,138.10
EBIT 87.0 464.1 400.1
Net Income (222.6) 93.8 43.9
Full-Year Annual Progression
(LE million) 31-Dec-17 31-Dec-18 31-Dec-19
Revenues 17,656.6 25,812.0 25,398.00
Gross Profit 1,952.8 3,564.0 3,816.00
EBIT 618.2 1,975.4 1,483.00
Net Income (666.9) 515.7 42.70
(LE million) 31-Dec-17 31-Dec-18 31-Dec-19
Passenger Cars Revenues 6,840.5 10,407.8 7,597.80
Motorcycles & Three-Wheelers Revenues 2,206.2 3,470.2 2,100.20
Commercial Vehicles & Construction Equipment Revenues 1,092.2 1,507.1 1,394.60
Tires Egypt Revenues 699.1 1,103.5 1,180.80
Financing Businesses Revenues 2,561.6 3,693.5 4,349.30
After-Sales Egypt Revenues 1,028.2 1,129.9 1,157.50
Regional Revenues 2,940.8 3,977.7 7,156.60
Other Revenues 287.9 522.2 461.20
Total Sales Revenues 17,656.6 25,812.0 25,398.00
Total Gross Profit 1,952.8 3,564.0 3,816.00
Gross Profit Margin 11.1% 13.8% 0.2
Selling and Marketing (870.4) (1,207.6) (1,661.6)
Administration Expenses (412.3) (494.9) (522.6)
Other Income (Expenses) 151.5 173.1 157.5
Operating Profit 821.6 2,034.6 1,789.30
Operating Profit Margin (%) 4.7% 7.9% 7.00%
Net Provisions and Non-Operating (203.4) (59.1) (306.3)
EBIT 618.2 1,975.4 1,483.00
EBIT Margin (%) 3.5% 7.7% 5.80%
Foreign Exchange Gains (Losses) (92.6) (30.1) 182.1
Net Finance Cost (1,277.4) (1,157.2) (1,349.1)
Earnings Before Tax (751.7) 788.1 316.1
Income Taxes 28.1 (151.4) (92.4)
Net Profit Before Minority Interest (723.7) 636.7 223.6
Minority Interest 56.8 (121.0) (180.9)
Net Income (666.9) 515.7 42.7
Net Profit Margin (%) -3.8% 2.0% 0.20%
(LE million) 31-Dec-17 31-Dec-18 31-Dec-19
Cash 1,242.8 1,179.3 1,408.90
Net Accounts Receivable 2,972.2 4,611.0 6,435.50
Inventory 3,012.8 4,820.8 3,788.20
Other Current Assets 1,375.2 1,827.2 2,499.20
Total Current Assets 8,603.0 12,438.3 14,131.80
Net Fixed Assets 2,517.4 2,465.5 4,043.20
Goodwill and Intangible Assets 430.3 430.2 433.90
Lessor Assets 3,085.2 3,805.7 0.00
Investment Property 90.9 90.9 90.90
Other Long-Term Assets 1,303.5 1,840.5 3,909.60
Total Long-Term Assets 7,427.4 8,632.6 8,477.70
Total Assets 16,030.4 21,070.9 22,609.50
Short-Term Notes and Debt 6,912.1 9,251.8 10,661.00
Accounts Payable 1,648.7 2,732.9 2,752.20
Other Current Liabilities 391.6 480.1 533.80
Total Current Liabilities 8,952.4 12,464.8 13,947.00
Long-Term Notes and Debt 2,573.8 3,170.9 3,002.10
Other Long-Term Liabilities 274.6 224.9 512.70
Total Long-Term Liabilities 2,848.4 3,395.8 3,514.80
Minority Interest 1,161.8 1,290.7 1,364.90
Common Stock 1,094.0 1,094.0 1,094.00
Shares Held With the Group - - -
Legal Reserve 321.0 331.5 381.50
Other Reserves 2,463.0 2,490.7 2,242.00
Retained Earnings (Losses) (810.1) 3.4 65.30
Total Shareholder’s Equity 3,067.9 3,919.7 3,782.80
Total Liabilities and Shareholder’s Equity 16,030.4 21,070.9 22,609.50