Fundamentals

Three-Month Annual Progression
(LE million) 31-Dec-15 31-Dec-16 31-Dec-17
Revenues 2,689.3 4,110.8 5,483.7
Gross Profit 418.8 647.4 497.9
EBIT 130.1 25.4 85.0
Net Income 28.1 -1,058.0 -222.6
Twelve-Month Annual Progression
(LE million) 31-Dec-15 31-Dec-16 31-Dec-17
Revenues 12,264.7 15,285.7 17,656.6
Gross Profit 1,603.9 2,202.1 1,952.8
EBIT 750.2 866.0 616.1
Net Income 233.1 -865.7 -666.9
(LE million) 31-Dec-15 31-Dec-16 31-Dec-17
Passenger Cars Revenues 5,713.1 8,016.1 6,840.5
Motorcycles & Three-Wheelers Revenues 1,892.5 1,708.2 2,206.2
Commercial Vehicles & Construction Equipment Revenues 1,216.9 1,113.3 1,092.2
Tires Egypt Revenues 203.2 462.5 699.1
Financing Businesses Revenues 1,046.2 1,739.6 2,561.6
After-Sales Egypt Revenues 569.1 826.2 1,028.2
Regional Revenues 1,544.6 1,201.4 2,940.8
Other Revenues 79.0 218.5 287.9
Total Sales Revenues 12,264.7 15,285.7 17,656.6
Total Gross Profit 1,603.9 2,202.1 1,952.8
Gross Profit Margin 13.1% 14.4% 11.1%
Selling and Marketing (551.9) (744.6) (872.5)
Administration Expenses (343.7) (455.0) (412.3)
Other Income (Expenses) 120.6 29.9 151.5
Operating Profit 828.9 1,032.4 819.5
Operating Profit Margin (%) 0.1 6.8% 4.6%
Net Provisions and Non-Operating (78.8) (166.4) (203.4)
FV of Investment Property
EBIT 750.2 866.0 616.1
EBIT Margin (%) 0.1 5.7% 3.5%
Foreign Exchange Gains (Losses) (175.4) (1,211.6) (92.6)
Net Finance Cost (337.8) (641.7) (1,275.3)
Earnings Before Tax 236.9 (987.4) (751.7)
Income Taxes (45.4) (2.4) 28.1
Net Profit Before Minority Interest 191.5 (989.8) (723.7)
Minority Interest 41.6 124.2 56.8
Net Income 233.1 (865.7) (666.9)
Net Profit Margin (%) 1.9% -5.7% -3.8%
(LE million) 31-Dec-15 31-Dec-16 31-Dec-17
Cash 1,188.7 1,225.3 1,242.8
Net Accounts Receivable 1,649.6 2,363.8 2,972.2
Inventory 2,951.0 5,820.4 3,012.8
Assets Held For Sale 329.2 0 0
Other Current Assets 1,155.7 1,313.8 1,375.2
Total Current Assets 7,274.2 10,723.4 8,603.0
Net Fixed Assets 2,044.6 2,803.9 2,517.4
Goodwill and Intangible Assets 293.1 437.2 430.3
Lessor Assets 1,615.8 2,095.0 3,085.2
Investment Property 91.5 91.5 90.9
Other Long-Term Assets 479.1 945.7 1,303.5
Total Long-Term Assets 4,524.0 6,373.3 7,427.4
Total Assets 11,798.2 17,096.8 16,030.4
Short-Term Notes and Debt 4,334.8 7,068.7 6,912.1
Accounts Payable 1,796.4 2,807.9 1,648.7
Other Current Liabilities 202.9 330.7 391.6
Total Current Liabilities 6,334.1 10,207.3 8,952.4
Long-Term Notes and Debt 898.5 1,663.4 2,573.8
Other Long-Term Liabilities 622.5 234.8 274.6
Total Long-Term Liabilities 1,521.0 1,898.2 2,848.4
Minority Interest 608.7 1,169.6 1,161.8
Common Stock 1,094.0 1,094.0 1,094.0
Shares Held With the Group -26.5 -26.5 -
Legal Reserve 296.6 311.1 321.0
Other Reserves 1,153.0 2,548.9 2,463.0
Retained Earnings (Losses) 817.4 -105.9 -810.1
Total Shareholder’s Equity 3,334.4 3,821.7 3,067.9
Total Liabilities and Shareholder’s Equity 11,798.2 17,096.8 16,030.4