Fundamentals

Three-Month Annual Progression
(LE million) 31-Mar-17 31-Mar-18 31-Mar-19
Revenues 2,963.2 4,760.8 5,878.4
Gross Profit 500.1 707.6 844.3
EBIT 204.7 360.3 378.9
Net Income (154.5) 33.5 16.0
(LE million) 31-Mar-17 31-Mar-18 31-Mar-19
Passenger Cars Revenues 885.3 1,566.7 1,564.9
Motorcycles & Three-Wheelers Revenues 380.5 740.5 722.6
Commercial Vehicles & Construction Equipment Revenues 271.7 313.3 384.7
Tires Egypt Revenues 100.9 179.7 287.0
Financing Businesses Revenues 597.6 748.6 930.2
After-Sales Egypt Revenues 239.1 260.5 286.3
Regional Revenues 417.8 843.0 1,585.3
Other Revenues 70.2 108.5 117.2
Total Sales Revenues 2,963.2 4,760.8 5,878.4
Total Gross Profit 500.1 707.6 844.3
Gross Profit Margin 16.9% 14.9% 14.4%
Selling and Marketing (204.5) (260.4) (377.6)
Administration Expenses (90.3) (137.5) (119.6)
Other Income (Expenses) 16.0 31.2 41.9
Operating Profit 221.3 340.9 389.0
Operating Profit Margin (%) 0.1 7.2% 6.6%
Net Provisions and Non-Operating (16.6) 19.4 (10.1)
EBIT 204.7 360.3 378.9
EBIT Margin (%) 0.1 7.6% 6.4%
Foreign Exchange Gains (Losses) (104.5) (0.2) 45.5
Net Finance Cost (277.8) (281.3) (337.3)
Earnings Before Tax (177.6) 78.8 87.1
Income Taxes 13.8 (16.7) (20.9)
Net Profit Before Minority Interest (163.7) 62.1 66.2
Minority Interest 9.2 (28.6) (50.2)
Net Income (154.5) 33.5 16.0
Net Profit Margin (%) -5.2% 0.7% 0.3%
(LE million) 31-Dec-17 31-Dec-18 31-Mar-19
Cash 1,242.8 1,179.3 1,436.3
Net Accounts Receivable 2,972.2 4,611.0 5,487.8
Inventory 3,012.8 4,820.8 5,021.0
Other Current Assets 1,375.2 1,827.2 1,695.6
Total Current Assets 8,603.0 12,438.3 13,640.7
Net Fixed Assets 2,517.4 2,465.5 2,498.0
Goodwill and Intangible Assets 430.3 430.2 430.4
Lessor Assets 3,085.2 3,805.7 3,726.1
Investment Property 90.9 90.9 90.9
Other Long-Term Assets 1,303.5 1,840.5 1,929.7
Total Long-Term Assets 7,427.4 8,632.6 8,675.1
Total Assets 16,030.4 21,070.9 22,315.7
Short-Term Notes and Debt 6,912.1 9,251.8 10,052.4
Accounts Payable 1,648.7 2,732.9 3,400.7
Other Current Liabilities 391.6 480.1 476.7
Total Current Liabilities 8,952.4 12,464.8 13,929.8
Long-Term Notes and Debt 2,573.8 3,170.9 3,090.6
Other Long-Term Liabilities 274.6 224.9 177.2
Total Long-Term Liabilities 2,848.4 3,395.8 3,267.8
Minority Interest 1,161.8 1,290.7 1,270.1
Common Stock 1,094.0 1,094.0 1,094.0
Legal Reserve 321.0 331.5 355.6
Other Reserves 2,463.0 2,490.7 2,393.9
Retained Earnings (Losses) (810.1) 3.4 4.5
Total Shareholder’s Equity 3,067.9 3,919.7 3,848.1
Total Liabilities and Shareholder’s Equity 16,030.4 21,070.9 22,315.7