Snapshot
Summary IS
Summary BS
Cash Flow
  • 3Q Three-Year Progression of Key Indicators
    (LE million) 12/31/2014 12/31/2015 12/31/2016
    Revenues 3,491.5 2,689.3 4,110.8
    Gross Profit 413.5 418.8 647.4
    EBIT 235.4 130.1 25.4
    Net Income 32.1 28.1 (1,058.0)
    FY Three-Year Progression of Key Indicators
    (LE million) 12/31/2014 12/31/2015 12/31/2016
    Revenues 12,322.1 12,264.7 15,285.7
    Gross Profit 1,581.7 1,603.9 2,202.1
    EBIT 857.4 750.2 866.0
    Net Income 174.0 233.1 (865.7)
  • (LE million) 12/31/2014 12/31/2015 12/31/2016
    Passenger Cars Revenues 5,911.7 5,713.1 8,016.1
    Motorcycles & Three-Wheelers Revenues 1,270.7 1,892.5 1,708.2
    Commercial Vehicles & Construction Equipment Revenues 801.6 1,216.9 1,113.3
    Tires Egypt Revenues 315.4 203.2 462.5
    Financing Businesses Revenues 722.7 1,046.2 1,739.6
    After-Sales Egypt Revenues 451.5 569.1 826.2
    Regional Revenues 2,821.1 1,544.6 1,201.4
    Other Revenues 27.4 79.0 218.5
    Total Sales Revenues 12,322.1 12,264.7 15,285.7
    Total Gross Profit 1,581.7 1,603.9 2,202.1
    Gross Profit Margin 12.8 % 13.1 % 14.4 %
    Selling and Marketing (439.6) (551.9) (744.6)
    Administration Expenses (272.6) (343.7) (455.0)
    Other Operating Income (Expenses) 55.7 33.3 29.9
    Operating Profit 925.2 741.6 1,032.4
    Operating Profit Margin (%) 0.1 6.0 % 6.8 %
    Net Provisions and Non-Operating (67.8) (78.8) (166.4)
    FV of Investment Property 0.0 87.3 0.0
    EBIT 857.4 750.2 866.0
    EBIT Margin (%) 0.1 6.1 % 5.7 %
    Foreign Exchange Gains (Losses) (157.1) (175.4) (1,211.6)
    Net Finance Cost (374.4) (337.8) (641.7)
    Earnings Before Tax 325.9 236.9 (987.4)
    Income Taxes (90.2) (45.4) (2.4)
    Net Profit Before Minority Interest 235.7 191.5 (989.8)
    Minority Interest (61.7) 41.6 124.2
    Net Income 174.0 233.1 (865.7)
    Net Profit Margin (%) 1.4 % 1.9 % -5.7 %
  • (LE million) 12/31/2014 12/31/2015 12/31/2016
    Cash 1,177.6 1,188.7 1,225.3
    Net Accounts Receivable 1,309.0 1,649.6 2,363.8
    Inventory 2,345.7 2,951.0 5,820.4
    Assets Held For Sale 313.1 329.2 0.0
    Other Current Assets 833.3 1,155.7 1,313.8
    Total Current Assets 5,978.7 7,274.2 10,723.4
    Net Fixed Assets 1,829.2 2,044.6 2,803.9
    Goodwill and Intangible Assets 282.5 293.1 437.2
    Lessor Assets 1,159.7 1,615.8 2,095.0
    Investment Property 0.6 91.5 91.5
    Other Long-Term Assets 334.5 479.1 945.7
    Total Long-Term Assets 3,606.4 4,524.0 6,373.3
    Total Assets 9,585.1 11,798.2 17,096.8
    Short-Term Notes and Debt 4,144.8 4,334.8 7,068.7
    Accounts Payable 1,298.3 1,796.4 2,807.9
    Other Current Liabilities 150.4 202.9 330.7
    Total Current Liabilities 5,593.5 6,334.1 10,207.3
    Long-Term Notes and Debt 680.9 898.5 1,663.4
    Other Long-Term Liabilities 536.8 622.5 234.8
    Total Long-Term Liabilities 1,217.7 1,521.0 1,898.2
    Minority Interest 637.8 608.7 1,169.6
    Common Stock 135.3 1,094.0 1,094.0
    Shares Held With the Group (3.3) (26.5) (26.5)
    Legal Reserve 267.3 296.6 311.1
    Other Reserves 1,066.8 1,153.0 2,548.9
    Retained Earnings (Losses) 670.0 817.4 (105.9)
    Total Shareholder’s Equity 2,136.1 3,334.4 3,821.7
    Total Liabilities and Shareholder’s Equity 9,585.1 11,798.2 17,096.8
  • (LE thousand) 12/31/2014 12/31/2015 12/31/2016
    Cash flows from operating activities
    Net profit before tax 325,896.0 236,899.0 (987,390.0)
    Adjustments:
    Interest expense 367,503.0 360,888.0 596,228.0
    Depreciation and amortization 199,145.0 254,724.0 320,759.0
    Provisions - net 60,922.0 33,478.0 102,666.0
    Impairment losses on current assets (net) 16,182.0 37,820.0 93,506.0
    ESOP Fair Value 0.0 18,663.0 18,663.0
    Stock issuance cost 0.0 (1,214.0) 0.0
    Stock option fair value for the managing director 0.0 0.0
    Bond issue cost amortization 11,575.0 0.0
    Loss on sale at assets held for sale (5,271.0) 18,719.0 (21,229.0)
    (Gain) / loss on sale of property and equipments (820.0) 3,099.0 675.0
    Interest income (8,961.0) (46,034.0) (15,965.0)
    Loans capitalized interest 0.0 0.0
    Capital gain - Sale and lease back 0.0 0.0
    Loans interest expense capitalized on property, plant and equipment 0.0 (6,212.0) (12,459.0)
    Deferred revenue amortization - Sale and lease back (9,101.0) (2,677.0) 0.0
    Deferred revenue amortization - Marketing contract 0.0 0.0 0.0
    Loss on fixed assets value 0.0 1,591.0 2,788.0
    Gain for the re-valuation of investments property 0.0 (87,341.0) 0.0
    FX gain/loss (non realized) 836,632.0
    Gain on sale of investment property 1,110.0 0.0 0.0
    Issuing Shares 0.0 0.0
    Gain/loss on sale of property and equipments 0.0 0.0
    Net profit before changes in working capital 958,180.0 822,403.0 934,874.0
    Changes in working capital
    Inventories (234,189.0) (628,574.0) (2,927,403.0)
    Accounts and notes receivables (565,817.0) (235,699.0) (1,041,547.0)
    Debtors and other debit balances (276,636.0) (261,578.0) (134,390.0)
    Amounts under settlement for leased contracts 0.0 0.0
    Due from related parties (27,037.0) (56,305.0) 20,973.0
    Due to related parties (6,737.0) 2,303.0 8,306.0
    Trade payables other credit balances (79,775.0) 489,024.0 1,007,118.0
    Cash flow generated from operating (232,010.0) 131,574.0 (2,132,069.0)
    Provisions used (13,155.0) (13,887.0) (68,044.0)
    Income tax paid during the year (22,306.0) (68,433.0) (64,275.0)
    Interest paid 0.0 0.0 -
    Employee Dividends (42,240.0) (46,747.0) (54,434.0)
    Fair value for employee stock option plan 0.0 0.0
    Net cash flow (used in) generated from operating activities (309,711.0) 2,507.0 (2,318,822.0)
    Cash flows from investing activities
    Payments for projects under constructions (1,008,896.0) (1,259,383.0) (1,385,345.0)
    Change in non controlling interests without changing in control (1,114.0) (5,643.0) (5,929.0)
    Purchase of property, plant and equipment 0.0 0.0
    Purchase of intangible assets (1,262.0) (847.0) (843.0)
    Interest received 8,961.0 45,280.0 9,012.0
    Proceeds from sale of property, plant and equipment 31,532.0 21,548.0 0.0
    Proceeds from sale of investments property 0.0 0.0 (5,500.0)
    Proceeds from sale at assets held for sale 1,400.0 0.0 197,785.0
    Treasury bills 0.0 0.0 0.0
    Acquisition of non-controlling interest 0.0 0.0
    Net cash flow used in investing activities (969,379.0) (1,199,045.0) (1,190,820.0)
    Cash flows from financing activities
    Loans and borrowings 2,083,175.0 991,298.0 3,498,836.0
    Proceeds from minority share subsidiaries capital 1,566.0 10,678.0 14,019.0
    Proceeds from capital increase 0.0 449,994.0 0.0
    Dividends paid (34,221.0) 0.0 0.0
    Bonds liabilities (316,696.0) 0.0 0.0
    Proceed from sale of treasury shares 0.0 0.0 0.0
    Long-term notes payables (150.0) 0.0 0.0
    Interest paid (356,358.0) (349,101.0) (561,130.0)
    Net cash flow generated from financing activities 1,377,316.0 1,102,869.0 2,951,725.0
    Net (decrease) / increase in cash and cash equivalents 98,226.0 (93,669.0) (557,917.0)
    Cash and cash equivalents at beginning of the year 1,085,105.0 1,177,577.0 1,188,704.0
    Translation differences (5,754.0) 104,796.0 594,513.0
    Cash and cash equivalents at end of the year 1,177,577.0 1,188,704.0 1,225,300.0