Snapshot
Summary IS
Summary BS
Cash Flow
  • 3Q Three-Year Progression of Key Indicators
    (LE million) 03/31/2015 03/31/2016 03/31/2017
    Revenues 3,200.3 2,924.6 2,963.2
    Gross Profit 402.5 442.4 500.1
    EBIT 215.6 225.1 204.7
    Net Income 47.3 28.6 (154.5)
  • (LE million) 03/31/2015 03/31/2016 03/31/2017
    Passenger Cars Revenues 1,355.3 1,391.1 885.3
    Motorcycles & Three-Wheelers Revenues 464.0 424.5 380.5
    Commercial Vehicles & Construction Equipment Revenues 430.8 247.7 271.7
    Tires Egypt Revenues 44.6 91.1 100.9
    Financing Businesses Revenues 232.2 348.3 597.6
    After-Sales Egypt Revenues 132.9 160.5 239.1
    Regional Revenues 527.8 223.4 417.8
    Other Revenues 12.6 37.9 70.2
    Total Sales Revenues 3,200.3 2,924.6 2,963.2
    Total Gross Profit 402.5 442.4 500.1
    Gross Profit Margin 12.6 % 15.1 % 16.9 %
    Selling and Marketing (113.4) (144.7) (204.5)
    Administration Expenses (76.5) (72.6) (90.3)
    Other Operating Income (Expenses) 7.6 11.3 16.0
    Operating Profit 220.2 236.5 221.3
    Operating Profit Margin (%) 0.1 8.1 % 7.5 %
    Net Provisions and Non-Operating (4.6) (11.4) (16.6)
    FV of Investment Property
    EBIT 215.6 225.1 204.7
    EBIT Margin (%) 0.1 7.7 % 6.9 %
    Foreign Exchange Gains (Losses) (57.8) (61.1) (104.5)
    Net Finance Cost (89.4) (121.5) (277.8)
    Earnings Before Tax 68.4 42.5 (177.6)
    Income Taxes (21.2) (28.3) 13.8
    Net Profit Before Minority Interest 47.1 14.1 (163.7)
    Minority Interest 4.9 14.5 9.2
    Net Income 52.1 28.6 (154.5)
    Net Profit Margin (%) 1.6 % 1.0 % -5.2 %
  • (LE million) 12/31/2015 12/31/2016 12/31/2016
    Cash 1,188.7 1,225.3 964.2
    Net Accounts Receivable 1,649.6 2,363.8 2,350.6
    Inventory 2,951.0 5,820.4 6,828.1
    Assets Held For Sale 329.2 0.0 0.0
    Other Current Assets 1,155.7 1,313.8 1,429.6
    Total Current Assets 7,274.2 10,723.4 11,572.6
    Net Fixed Assets 2,044.6 2,803.9 2,412.8
    Goodwill and Intangible Assets 293.1 437.2 442.7
    Lessor Assets 1,615.8 2,095.0 2,550.0
    Investment Property 91.5 91.5 90.9
    Other Long-Term Assets 479.1 945.7 1,077.2
    Total Long-Term Assets 4,524.0 6,373.3 6,573.6
    Total Assets 11,798.2 17,096.8 18,146.2
    Short-Term Notes and Debt 4,334.8 7,068.7 8,272.6
    Accounts Payable 1,796.4 2,807.9 2,265.0
    Other Current Liabilities 202.9 330.7 371.0
    Total Current Liabilities 6,334.1 10,207.3 10,908.6
    Long-Term Notes and Debt 898.5 1,663.4 2,184.1
    Other Long-Term Liabilities 622.5 234.8 209.7
    Total Long-Term Liabilities 1,521.0 1,898.2 2,393.8
    Minority Interest 608.7 1,169.6 1,196.4
    Common Stock 1,094.0 1,094.0 1,094.0
    Shares Held With the Group (26.5) (26.5) 0.0
    Legal Reserve 296.6 311.1 311.1
    Other Reserves 1,153.0 2,548.9 2,491.2
    Retained Earnings (Losses) 817.4 (105.9) (249.0)
    Total Shareholder’s Equity 3,334.4 3,821.7 3,647.3
    Total Liabilities and Shareholder’s Equity 11,798.2 17,096.8 18,146.2
  • (LE thousand) 03/31/2015 03/31/2016 03/31/2017
    Cash flows from operating activities
    Net profit before tax 68,357.0 42,469.0 (177,582.0)
    Adjustments: 0.0 0.0 0.0
    Interest expense 93,935.0 110,818.0 263,566.0
    Depreciation and amortization 58,412.0 72,028.0 104,716.0
    Provisions - net 3,186.0 6,763.0 9,393.0
    Impairment losses on current assets (net) 0.0 4,644.0 (3,057.0)
    ESOP Fair Value 0.0 4,666.0 611.0
    (Gain)/Loss on sale of treasury stocks (50,638.0)
    Stock issuance cost 0.0 0.0
    Stock option fair value for the managing director 0.0 0.0
    Bond issue cost amortization 0.0 0.0
    Loss on sale at assets held for sale (50.0) (455.0) 0.0
    (Gain) / loss on sale of property and equipments 0.0 0.0 (1,109.0)
    Interest income (3,467.0) 0.0 (6,274.0)
    Loans capitalized interest 0.0 (4,769.0)
    Capital gain - Sale and lease back 0.0 0.0
    Loans interest expense capitalized on property, plant and equipment (4,547.0) (3,206.0) (5,772.0)
    Deferred revenue amortization - Sale and lease back (1,606.0) 0.0 0.0
    Deferred revenue amortization - Marketing contract 0.0 0.0 0.0
    Loss on fixed assets value 0.0 0.0 0.0
    Gain for the re-valuation of investments property 4,119.0 0.0 0.0
    FX gain/loss (non realized) (4,536.0)
    Gain on sale of investment property 0.0 0.0 (344.0)
    Issuing Shares
    Gain/loss on sale of property and equipments 0.0 0.0
    Net profit before changes in working capital 218,339.0 232,958.0 128,974.0
    Changes in working capital 0.0 0.0 0.0
    Inventories (352,848.0) (409,527.0) (996,711.0)
    Accounts and notes receivables (41,475.0) (117,261.0) 84,317.0
    Debtors and other debit balances 100,123.0 (204,185.0) (102,751.0)
    Amounts under settlement for leased contracts -
    Due from related parties (15,863.0) (13,584.0) (3,475.0)
    Due to related parties (786.0) (33,607.0) 28,084.0
    Trade payables other credit balances 508,748.0 (220,128.0) (613,175.0)
    Cash flow generated from operating 416,238.0 (765,334.0) (1,474,737.0)
    Provisions used (2,980.0) (7,420.0) (9,614.0)
    Income tax paid during the year 0.0 (1,961.0) (9,273.0)
    Interest paid 0.0 0.0
    Employee Dividends (19,407.0) (11,182.0) (2,029.0)
    Fair value for employee stock option plan 6,940.0 0.0
    Net cash flow (used in) generated from operating activities 400,791.0 (785,897.0) (1,495,653.0)
    Cash flows from investing activities 0.0 0.0 0.0
    Payments for projects under construction (304,003.0) (514,763.0) (507,977.0)
    Change in non-controlling interests without changing in control 0.0 0.0
    Purchase of property, plant and equipment 0.0 0.0
    Purchase of intangible assets (770.0) (107.0) (995.0)
    Interest received 3,467.0 4,137.0 (3,585.0)
    Proceeds from sale of property, plant and equipment 11,421.0 12,319.0 109,369.0
    Proceeds from sale of investments property 0.0 0.0 0.0
    Proceeds from sale at assets held for sale 0.0 0.0 0.0
    Treasury bills 0.0 0.0 0.0
    Acquisition of non-controlling interest
    Net cash flow used in investing activities (289,885.0) (498,414.0) (403,188.0)
    Cash flows from financing activities 0.0 0.0 0.0
    Loans and borrowings 191,245.0 860,342.0 1,724,630.0
    Proceeds from minority share subsidiaries capital 6,170.0 2,000.0 0.0
    Proceeds from capital increase 0.0 0.0 0.0
    Dividends paid 0.0 0.0 0.0
    Bonds liabilities 0.0 0.0 0.0
    Proceed from sale of treasury shares 77,144.0
    Long-term notes payables 556.0 1,073.0 661.0
    Interest paid (86,275.0) (96,713.0) (214,486.0)
    Net cash flow generated from financing activities 111,696.0 766,702.0 1,587,949.0
    Net (decrease) / increase in cash and cash equivalents (222,602.0) (517,609.0) (310,892.0)
    Cash and cash equivalents at beginning of the year 1,177,577.0 1,188,704.0 1,225,300.0
    Translation differences 78,739.0 171,017.0 49,833.0
    Cash and cash equivalents at end of the year 1,478,918.0 842,112.0 964,241.0