Fundamentals

Three-Month Annual Progression
(LE million) 31-Dec-16 31-Dec-17 31-Dec-18
Revenues 4,110.8 5,483.7 7,040.5
Gross Profit 647.4 497.9 875.5
EBIT 25.4 87.0 464.1
Net Income (1,058.0) (222.6) 93.8
Full-Year Annual Progression
(LE million) 31-Dec-16 31-Dec-17 31-Dec-18
Revenues 15,285.7 17,656.6 25,812.0
Gross Profit 2,202.1 1,952.8 3,564.0
EBIT 866.0 618.2 1,975.4
Net Income (865.7) (666.9) 515.7
(LE million) 31-Dec-16 31-Dec-17 31-Dec-18
Passenger Cars Revenues 8,016.1 6,840.5 10,407.8
Motorcycles & Three-Wheelers Revenues 1,708.2 2,206.2 3,470.2
Commercial Vehicles & Construction Equipment Revenues 1,113.3 1,092.2 1,507.1
Tires Egypt Revenues 462.5 699.1 1,103.5
Financing Businesses Revenues 1,739.6 2,561.6 3,693.5
After-Sales Egypt Revenues 826.2 1,028.2 1,129.9
Regional Revenues 1,201.4 2,940.8 3,977.7
Other Revenues 218.5 287.9 522.2
Total Sales Revenues 15,285.7 17,656.6 25,812.0
Total Gross Profit 2,202.1 1,952.8 3,564.0
Gross Profit Margin 14.4% 11.1% 13.8%
Selling and Marketing (744.6) (870.4) (1,207.6)
Administration Expenses (455.0) (412.3) (494.9)
Other Income (Expenses) 29.9 151.5 173.1
Operating Profit 1,032.4 821.6 2,034.6
Operating Profit Margin (%) 0.1 4.7% 7.9%
Net Provisions and Non-Operating (166.4) (203.4) (59.1)
EBIT 866.0 618.2 1,975.4
EBIT Margin (%) 0.1 3.5% 7.7%
Foreign Exchange Gains (Losses) (1,211.6) (92.6) (30.1)
Net Finance Cost (641.7) (1,277.4) (1,157.2)
Earnings Before Tax (987.4) (751.7) 788.1
Income Taxes (2.4) 28.1 (151.4)
Net Profit Before Minority Interest (989.8) (723.7) 636.7
Minority Interest 124.2 56.8 (121.0)
Net Income (865.7) (666.9) 515.7
Net Profit Margin (%) -5.7% -3.8% 2.0%
(LE million) 31-Dec-16 31-Dec-17 31-Dec-18
Cash 1,225.3 1,242.8 1,179.3
Net Accounts Receivable 2,363.8 2,972.2 4,611.0
Inventory 5,820.4 3,012.8 4,820.8
Other Current Assets 1,313.8 1,375.2 1,827.2
Total Current Assets 10,723.4 8,603.0 12,438.3
Net Fixed Assets 2,803.9 2,517.4 2,465.5
Goodwill and Intangible Assets 437.2 430.3 430.2
Lessor Assets 2,095.0 3,085.2 3,805.7
Investment Property 91.5 90.9 90.9
Other Long-Term Assets 945.7 1,303.5 1,840.5
Total Long-Term Assets 6,373.3 7,427.4 8,632.6
Total Assets 17,096.8 16,030.4 21,070.9
Short-Term Notes and Debt 7,068.7 6,912.1 9,251.8
Accounts Payable 2,807.9 1,648.7 2,732.9
Other Current Liabilities 330.7 391.6 480.1
Total Current Liabilities 10,207.3 8,952.4 12,464.8
Long-Term Notes and Debt 1,663.4 2,573.8 3,170.9
Other Long-Term Liabilities 234.8 274.6 224.9
Total Long-Term Liabilities 1,898.2 2,848.4 3,395.8
Minority Interest 1,169.6 1,161.8 1,290.7
Common Stock 1,094.0 1,094.0 1,094.0
Shares Held With the Group (26.5) - -
Legal Reserve 311.1 321.0 331.5
Other Reserves 2,548.9 2,463.0 2,490.7
Retained Earnings (Losses) (105.9) (810.1) 3.4
Total Shareholder’s Equity 3,821.7 3,067.9 3,919.7
Total Liabilities and Shareholder’s Equity 17,096.8 16,030.4 21,070.9