Fundamentals

Three-Month Annual Progression
(LE million) 30-Sep-16 30-Sep-17 30-Sep-18
Revenues 4,321.4 5,032.2 7,919.8
Gross Profit 545.0 481.6 1,114.0
EBIT 304.4 161.9 660.1
Net Income 39.4 (138.9) 240.4
Nine-Month Annual Progression
(LE million) 30-Sep-16 30-Sep-17 30-Sep-18
Revenues 11,174.9 12,172.9 18,771.5
Gross Profit 1,554.7 1,454.9 2,688.5
EBIT 840.6 531.1 1,511.3
Net Income 192.4 (444.3) 421.9
(LE million) 30-Sep-16 30-Sep-17 30-Sep-18
Passenger Cars Revenues 2,464.3 2,232.4 3,734.0
Motorcycles & Three-Wheelers Revenues 499.5 608.2 899.0
Commercial Vehicles & Construction Equipment Revenues 283.4 245.1 340.9
Tires Egypt Revenues 101.2 232.8 367.5
Financing Businesses Revenues 428.1 604.9 1,012.2
After-Sales Egypt Revenues 204.0 266.5 296.3
Regional Revenues 280.0 775.2 1,134.6
Other Revenues 60.8 67.1 135.2
Total Sales Revenues 4,321.4 5,032.2 7,919.8
Total Gross Profit 545.0 481.6 1,114.0
Gross Profit Margin 12.6% 9.6% 14.1%
Selling and Marketing (156.4) (233.3) (318.0)
Administration Expenses (96.1) (108.5) (107.2)
Other Income (Expenses) (0.4) 41.7 41.8
Operating Profit 292.1 181.4 730.6
Operating Profit Margin (%) 0.1 3.6% 9.2%
Net Provisions and Non-Operating 12.2 (19.6) (70.5)
EBIT 304.4 161.9 660.1
EBIT Margin (%) 0.1 3.2% 8.3%
Foreign Exchange Gains (Losses) (80.8) 1.1 (13.5)
Net Finance Cost (164.0) (344.2) (313.5)
Earnings Before Tax 59.6 (181.2) 333.1
Income Taxes (12.6) 40.1 (50.3)
Net Profit Before Minority Interest 47.0 (141.1) 282.8
Minority Interest (7.6) 2.3 (42.4)
Net Income 39.4 (138.9) 240.4
Net Profit Margin (%) 0.9% -2.8% 3.0%
(LE million) 31-Dec-16 31-Dec-17 30-Sep-18
Cash 1,225.3 1,242.8 1,318.3
Net Accounts Receivable 2,363.8 2,972.2 4,380.0
Inventory 5,820.4 3,012.8 4,017.3
Other Current Assets 1,313.8 1,375.2 2,484.9
Total Current Assets 10,723.4 8,603.0 12,200.4
Net Fixed Assets 2,803.9 2,517.4 2,662.0
Goodwill and Intangible Assets 437.2 430.3 430.2
Lessor Assets 2,095.0 3,085.2 3,299.5
Investment Property 91.5 90.9 90.9
Other Long-Term Assets 945.7 1,303.5 1,705.0
Total Long-Term Assets 6,373.3 7,427.4 8,187.5
Total Assets 17,096.8 16,030.4 20,388.0
Short-Term Notes and Debt 7,068.7 6,912.1 9,060.1
Accounts Payable 2,807.9 1,648.7 2,797.6
Other Current Liabilities 330.7 391.6 447.5
Total Current Liabilities 10,207.3 8,952.4 12,305.2
Long-Term Notes and Debt 1,663.4 2,573.8 2,718.0
Other Long-Term Liabilities 234.8 274.6 265.6
Total Long-Term Liabilities 1,898.2 2,848.4 2,983.6
Minority Interest 1,169.6 1,161.8 1,259.6
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 2,504.6
Retained Earnings (Losses) (105.9) (810.1) (90.5)
Total Shareholder’s Equity 3,821.7 3,067.9 3,839.6
Total Liabilities and Shareholder’s Equity 17,096.8 16,030.4 20,388.0