Fundamentals

Three-Month Annual Progression
(LE million) 31-Dec-18 31-Dec-19 31-Dec-20
Revenues 7,040.5 7,093.6 7,201.1
Gross Profit 875.5 1,138.1 1,495.2
EBIT 464.1 400.1 603.3
Net Income 93.8 43.9 287.8
Full-Year Annual Progression
(LE million) 31-Dec-18 31-Dec-19 31-Dec-20
Revenues 25,812.0 25,398.0 23,310.8
Gross Profit 3,564.0 3,816.0 4,764.4
EBIT 1,975.4 1,483.0 2,304.0
Net Income 515.7 42.7 917.0
(LE million) 31-Dec-18 31-Dec-19 31-Dec-20
Passenger Cars Revenues 10,407.8 7,597.8 7,699.0
Motorcycles & Three-Wheelers Revenues 3,470.2 2,100.2 2,944.7
Commercial Vehicles & Construction Equipment Revenues 1,507.1 1,394.6 770.1
Tires Egypt Revenues 1,103.5 1,180.8 1,125.1
Financing Businesses Revenues 3,693.5 4,349.3 5,337.9
After-Sales Egypt Revenues 1,129.9 1,157.5 1,098.7
Regional Revenues 3,977.7 7,156.6 3,627.4
Other Revenues 522.2 461.2 708.0
Total Sales Revenues 25,812.0 25,398.0 23,310.8
Total Gross Profit 3,564.0 3,816.0 4,764.4
Gross Profit Margin 13.8% 15.0% 20.4%
Selling and Marketing (1,207.6) (1,661.6) (2,056.1)
Administration Expenses (494.9) (522.6) (557.0)
Other Income (Expenses) 173.1 157.5 425.6
Operating Profit 2,034.6 1,789.3 2,576.8
Operating Profit Margin (%) 7.9% 7.0% 11.1%
Net Provisions and Non-Operating (59.1) (306.3) (272.9)
EBIT 1,975.4 1,483.0 2,304.0
EBIT Margin (%) 7.7% 5.8% 9.9%
Foreign Exchange Gains (Losses) (30.1) 182.1 (13.3)
Net Finance Cost (1,157.2) (1,349.1) (765.8)
Earnings Before Tax 788.1 316.0 1,524.9
Income Taxes (151.4) (92.4) (408.8)
Net Profit Before Minority Interest 636.7 223.6 1,116.1
Minority Interest (121.0) (180.9) (199.1)
Net Income 515.7 42.7 917.0
Net Profit Margin (%) 2.0% 0.2% 3.9%
(LE million) 31-Dec-18 31-Dec-19 31-Dec-20
Cash 1,179.3 1,408.9 1,797.8
Net Accounts Receivable 4,611.0 6,435.5 7,106.4
Inventory 4,820.8 3,788.2 3,368.0
Other Current Assets 1,827.2 2,499.2 2,034.5
Total Current Assets 12,438.3 14,131.8 14,306.7
Net Fixed Assets 2,465.5 4,043.2 4,167.6
Goodwill and Intangible Assets 430.2 433.9 453.2
Lessor Assets 3,805.7 0.0 0.0
Investment Property 90.9 90.9 90.9
Other Long-Term Assets 1,840.5 3,909.6 5,572.9
Total Long-Term Assets 8,632.6 8,477.7 10,284.7
Total Assets 21,070.9 22,609.5 24,591.4
Short-Term Notes and Debt 9,251.8 10,661.0 10,459.3
Accounts Payable 2,732.9 2,752.2 3,143.8
Other Current Liabilities 480.1 533.8 601.9
Total Current Liabilities 12,464.8 13,947.0 14,205.0
Long-Term Notes and Debt 3,170.9 3,002.1 3,582.4
Other Long-Term Liabilities 224.9 512.7 686.9
Total Long-Term Liabilities 3,395.8 3,514.8 4,269.3
Minority Interest 1,290.7 1,364.9 1,486.3
Common Stock 1,094.0 1,094.0 1,094.0
Treasury Shares - 0.0 (8.0)
Legal Reserve 331.5 381.5 451.1
Other Reserves 2,490.7 2,242.0 2,157.0
Retained Earnings (Losses) 3.4 65.3 936.7
Total Shareholder’s Equity 3,919.7 3,782.8 4,630.8
Total Liabilities and Shareholder’s Equity 21,070.9 22,609.5 24,591.4