#1GHABBOUR AUTO INVESTOR PRESENTATION FIRST QUARTER 2020#2DISCLAIMER This material is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole or in part, to any other person. The information contained in this material is subject to changes without notice and past performance is not indicative of future results. This presentation may contain certain "forward-looking statements" relating to GB Auto S.A.E. (the "Company"). These may be identified in part through the use of forward-looking terminology such as "will," "planned," "expectations" and "forecast" as well as similar explanations or qualifiers and by discussions of strategy, plans or intentions. These statements may include descriptions of investments planned or currently under consideration or development by the Company and the anticipated impact of these investments. 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Any failure to comply with these restrictions may constitute a violation of applicable securities laws. 2#3OUTLINE 04 GB Auto Overview 10 GB Auto & Auto Related 23 GB Capital 26 Consolidated Financial Performance 29 Key Corporate and Shareholder Information TIQ 290#4I. GROUP OVERVIEW KINERGY GT RGY GT#5GB Auto Group is a leading automotive player and non-bank financial services provider in Egypt with the Group's operations split into core automotive (GB Auto & Auto Related) and high-margin financing businesses (GB Capital). GB AUTO & AUTO RELATED GB AUTO GB CAPITAL (FINANCING BUSINESS) Egypt Motorcycles & Egypt Passenger Cars GB Lease Mashroey Three Wheelers Egypt Commercial Vehicles & Construction Equipment Egypt Tires Egypt After-Sales Regional INVESTOR PRESENTATION | FIRST QUARTER 2020 Drive Tasaheel Haram Tourism Transport (HTT) 5#6GB Auto is comprised of diverse operations that span the value chain from manufacturing and assembly to sales, after-sales, and trading.* Egypt Passenger Cars Egypt Motorcycles & Three Wheelers Egypt CV&CE Assembly: • Passenger car CKD and imported CKD kits Sales & Distribution: Imported CKD kits with a production capacity of c.80,000 units per year • CBU vehicles Assembly: • Motorcycles and three- Wheelers CKD assembly Manufacturing Motorcycles and three- wheelers components at the Badr Facility Sales & Distribution: Motorcycles and three- wheelers • Assembly: ⚫ Trucks Manufacturing: • Bus bodies • Trailers/superstructures Sales & Distribution: • Trucks ⚫ Buses • Trailers/superstructures Construction/farming equipment Egypt Tires Egypt After-Sales Regional Sales & Distribution: • Passenger car, van, truck, construction equipment, and bus tires Sales & Distribution: • After-sales services and distribution of spare parts for passenger cars, motorcycles and three- wheelers, and commercial vehicles • Largest cross-country network of its kind, with continual expansion Sales & Distribution: Imported CBU passenger car units in Iraq (Hyundai) with after sales service Bajaj motorcycles and three-wheelers in Iraq with after sales services 1Q20 Gross Profit Margin 11.0% 1Q20 Gross Profit Margin 18.1% 1Q20 Gross Profit Margin 7.4% 1Q20 Gross Profit Margin 24.3% 1Q20 Gross Profit Margin 18.2% 1Q20 Gross Profit Margin 10.1% 28.0% 11.2% 4.5% 1Q20 Group Revenue Contribution 1Q20 Group Revenue Contribution 1Q20 Group Revenue Contribution 5-Year CAGR 3.5% 5-Year CAGR 9.3% 5-Year CAGR 1.3% 16.5% 1Q20 Group Gross Profit Contribution 10.9% 1.8% 1Q20 Group Gross Profit Contribution 1Q20 Group Gross Profit Contribution 4.0% 5.0% 25.4% 1Q20 Group Revenue Contribution 5-Year CAGR 21.2% 1Q20 Group Revenue Contribution 5-Year CAGR 12.8% 1Q20 Group Revenue Contribution 5-Year CAGR 46.3% 5.3% 4.8% 1Q20 Group Gross Profit Contribution 1Q20 Group Gross Profit Contribution *GB Auto has one secondary line of business, Others, which consists of lubricants, pre-owned passenger cars, pre-owned commercial vehicles, and retail. INVESTOR PRESENTATION | FIRST QUARTER 2020 13.8% 1Q20 Group Gross Profit Contribution 6#7GB Capital is a leading non-bank financial services provider in Egypt and targets further growth through expanding its existing businesses and adding new services. 1Q20 Group Revenue Contribution 19.4% 5-year CAGR: 26.9% Lease Leasing Haram TOURIST TRANSPORT Capital Consumer Finance and Factoring DRIVE FINANCE 45.2% 1Q20 Group Gross Profit Contribution Gross Profit Margin: 35.6% Microfinance مشروعي Mashroey تساهيل. Tasaheel Established in 2008, GB Lease provides business-to-business lease finance solutions. It is non-exclusive to GB Auto and caters to a diversified client base, ranging from multinationals, local corporates, and SMEs. Focuses on risk diversification by asset class, industry and clients; asset base covers all asset classes, including real estate, automotive and production lines. Portfolio tenor is mostly medium term. Implements prudent risk- management practices for provisions and risk recognition. Car rental company HTT joined GB Capital in late 2012, operating on a quasi-operational lease basis. It is Egypt's premier vehicle fleet- leasing company, serving a select range of top-tier industrial, services private sector companies, multinationals, and financial institutions. Average tenor of the portfolio is three years. Company's service agreements entail vehicle acquisition, registration, maintenance, and insurance that extends to third-party damage and passengers. Drive provides factoring services to a diversified client base, ranging from business-to-business (SMEs) to business-to-consumer (retail), with a focus on the auto finance sector. Operating under a robust credit policy, it maintains a well-developed portfolio, offers medium-term tenors, and focuses on risk diversification by product type, client base, and brands (where auto loans are concerned). Operates out of 3 permanent locations, 2 in Cairo and 1 in Alexandria, and via GB Auto's showrooms and dealer network across Egypt. Operations are non-exclusive to GB Auto. Established March 2010 and offers asset-based microfinance lending to eligible clients in the low-income segment. The company has an extensive product base, extending credit to finance the purchase of three- wheelers, motorcycles, YTO tractors and minivans (all GB Auto products), tricycles (non-GB Auto), and pre- owned three-wheelers. Credit policy is stringent; portfolio tenor is predominantly short term. It operates a nationwide network of 137+ branches and units. Launched in August 2015, Tasaheel is a microfinance company focused on direct lending to microfinance eligible clients, predominately group lending to women. It aims at helping low-income earners generate higher incomes and improve their living standards; and in doing so, it also supports overall community development and economic growth. It operates a nationwide network of 188+ branches. LE 135.0 million* 1020 Revenue *Before intercompany eliminations. LE 22.9 million* 1Q20 Revenue INVESTOR PRESENTATION | FIRST QUARTER 2020 LE 498.3 million* 1Q20 Revenue LE 382.6 million* 1020 Revenue LE 372.8 million* 1Q20 Revenue 7#8The Group has an established regional footprint with a strong portfolio of top global brands. Passenger Cars Commercial Vehicles & Construction Equipment Motorcycles & Three-Wheelers Tires Others EGYPT HYUNDAI MAZDA VOLVO S SHACMAN GEELY SAP CHERY YTO aksa FUSO IVECO Karry Marcopolo BRINGING PEOPLE TOGETHER SPLG LASSA YOKOHAMA TYREE BAJAJ TECHKING VERDE. TIRE SOLUTIONS THUNDERER WEST LAKE DOUBLECOIN GALAXY DOUBLESTAR APPLICATION SPECIFIC, PURPOSE BULT GAZPROM NEFT FABRIKA 360 GB CAPITAL مشروعى DRIVE تساهيل Mashroey Haram Tasaheel Lease TOT TANT Passenger Cars IRAQ Motorcycles & Three-Wheelers HYUNDAI BAJAJ INVESTOR PRESENTATION | FIRST QUARTER 2020 8#9Both businesses have shown consistent growth in operational performance and profitability. Revenues 4,012.2 1,017.3 Progression of Key Indicators (all figures in LE million) Net Debt 4,948.2 4,744.1 1,140.9 6,842.3 5,236.5 4,794.7 5,389.0 5,258.8 3,933.9 1,417.3 1Q18 1Q19 1Q20 ■GB Auto & Auto Related ■GB Capital* *Before elimination EBITDA 327.1 275.2 250.6 1Q18 1Q19 ■GB Auto & Auto Related 1Q20 ■GB Capital* GB Capital's debt figure represents total debt as net debt is not an appropriate indicator for the financing business EBIT 245.3 177.4 119.7 1Q18 1Q19 1Q20 1Q18 1Q19 1Q20 GB Auto & Auto Related ■GB Capital INVESTOR PRESENTATION | FIRST QUARTER 2020 9#10II. GB AUTO & AUTO RELATED X- EMGRAND#11Egypt Passenger Cars The passenger car segment continued its recovery path from 2019 and was up by 58.0% y-o-y in 1Q20, with the impact of Covid-19 coming towards the end of the quarter. The Egyptian passenger car market is showing signs of strong recovery after significant turbulence PC Market, Annual Sales Management has focused CKD assembly on models in the largest market segment PC Market Segmentation, 1Q20 <1.3L 2.1% 1.3-1.5L 18.3% 1.5-1.6L 55.7% >1.6L 23.9% Il C FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 23,402 37,011 FY19 1Q19 1Q20 Management anticipates substantial future growth on the back of relatively low penetration rates per 1,000 people, as shown here: COUNTRY Libya Jordan Turkey Algeria Iraq Egypt 290 165 140 114 77 45* Sources: Automotive Marketing Information Council (AMIC); International Monetary Fund, World Bank, Business Monitor International, CIA World Fact Book, GB Auto Research. *Please note that this figure refers to passenger cars only, while the motorization figures of the other countries in this graphic refer to cars, buses, and freight vehicles but do not include two-wheelers. **Figures are taken from World Bank. INVESTOR PRESENTATION | FIRST QUARTER 2020 GDP PER CAPITA (USD)** 7,235 4,248 9,311 4,279 5,878 2,549 14 11#12INVESTOR PRESENTATION | FIRST QUARTER 2020 Egypt Passenger Cars GB Auto's market share in the PC segment dipped to 16.9% in 1Q20, however, this is in line with management's strategic shift to focus on profitability in light of price advantages enjoyed by vehicles of Moroccan, Turkish, and European origins. Market Share of Key Players* 10.9% 17.9% 2.5% 5.7% 1.3% 2.0% ARRIZO S Hyundai Chery Geely Mazda GB Auto 0.1% 0.03% The PC market carried its strong momentum from 2019 into 1Q20 and witnessed a y-o-y boost of 58.0%, however, GB Auto's market share saw a reduction to 16.9% in 1Q20 compared to 21.8% during the same period last year. The dip in market share aligns with management's strategy to focus more on profitability, considering the custom breaks and price advantage enjoyed by vehicles of Moroccan, Turkish, and European origins. Until the impact of Covid-19, the market was on the path towards a strong rebound, with PC units increasing from 23,402 in 1Q19 to 37,011 in 1Q20. 12 16.9% 21.8% 1Q19 1Q20#13Egypt Passenger Cars GB Auto's PC volumes recorded an increase of 21.7% y-o-y in 1Q20, driven by improving market conditions and the strong sales volume of the Arizzo 5 that was launched in 3Q19. Moreover, management's efforts to focus on profitability amidst an externally challenging environment saw GPM for the segment increase to 11.0%, which was supported by an improved price mix. CBU Sales Volume CKD Sales Volume Total Sales Volume Sales Revenue Gross Profit Gross Profit Margin 1Q19 1Q20 % Change (Units) 3,244 2,767 -14.7% (Units) 1,913 3,507 83.3% (Units) 5,157 6,274 21.7% H (LE million) 1,564.9 1,651.1 5.5% (LE million) 151.7 180.8 19.2% (%) 9.7% 11.0% 1.3 INVESTOR PRESENTATION | FIRST QUARTER 2020 13#14Egypt Motorcycles & Three-Wheelers The LoB's total volumes declined 7.2% y-o-y in 1Q20 to 25,202 units sold. This is a slower rate of decline compared to the 36.7% y-o-y decline in 4Q19. Revenues declined 8.4% y-o-y to LE 661.8 million in 1Q20. However, the LoB's profitability improved with a gross profit margin of 18.1%, up by 5.3 percentage y-o-y. 1Q18 1Q19 % Change Three-Wheeler Sales Volume (Units) 17,809 13,616 -23.5% Tricycles Sales Volume (Units) 1,765 Motorcycle Sales Volume (Units) 7,594 11,586 52.6% Total Sales Volume (Units) 27,168 25,202 -7.2% Total Sales Revenue (LE million) 722.6 661.8 -8.4% Gross Profit (LE million) 92.4 119.7 29.6% Gross Profit Margin (%) 12.8% 18.1% 5.3 INVESTOR PRESENTATION | FIRST QUARTER 2020 14#15Egypt Commercial Vehicles & Construction Equipment GB Auto's CV&CE line of business offers a range of commercial vehicle and construction equipment solutions in Egypt, including assembly, distribution, and manufacturing operations. +8 BUSES Buses revenues recorded a 32.8% y-o-y decline in 1Q20 on the back of a dip volumes that were driven by shortages in supply, which began to resolve in April. Bus volumes declined by 27.1% y-o-y. Management anticipates that bus volumes will see declines on the back of the impacts that the Covid- 19 outbreak has on the tourism sector on account of travel restrictions. • TRUCKS Truck revenues witnessed a decline of 57.9% y-o-y in 1Q20. Management expects truck volumes to be impacted on the back of austerity in the corporate sector, driven by the challenging external environment. TRAILERS Trailer revenues declined 43.2% y-o-y in 1Q20. Management anticipates trailer volumes to continue being impacted until pressures on the corporate environment ease and markets begin to settle. CONSTRUCTION EQUIPMENT Construction equipment revenues witnessed an increase of 124.8% y-o-y in 1Q20. The LoB represents Volvo construction equipment and SDLG in the construction equipment market, offering sales and after sales services for a variety of products. TRACTORS Forecasts see growth in the long-term, fueled by an ongoing drive for the modernization of Egypt's agricultural sector. Management is anticipating that tractor volumes will improve going forward on the back of GB Capital's capacity to fund tractor sales. INVESTOR PRESENTATION | FIRST QUARTER 2020 15#16Egypt Commercial Vehicles & Construction Equipment Management is expecting that the LoB will be impacted going forward due to travel restrictions in the tourism sector as well as the austerity on the corporate sector and delays in fleet renewals that came as result of the Covid-19 outbreak. 1Q19 1Q20 % Change Bus Sales Volume Truck Sales Volume (Units) 229 167 -27.1% (Units) 264 131 -50.4% Tractor Sales Volume (Units) Trailer Sales Volume (Units) 86 85 -1.2% Construction Equipment Sales Volume (Units) 25 36 44.0% Total Sales Volume (Units) 604 419 -30.6% Sales Revenue (LE million) 384.7 263.9 -31.4% Gross Profit Gross Profit Margin (LE million) 50.0 19.5 -61.1% (%) 13.0% 7.4% -5.6 INVESTOR PRESENTATION | FIRST QUARTER 2020 16#17Egypt After-Sales GB Auto operates the largest and fastest-growing network of after-sales services in Egypt, covering Passenger Cars, Motorcycles & Three-Wheelers, and Commercial Vehicles & Construction Equipment. Passenger Cars Revenues from the passenger cars after sales recorded a 0.9% y-o-y increase in 1Q20 to LE 182.6 million, up from LE 181.0 during the same period last year. Motorcycles & Three- Wheelers After sales for motorcycles and three-wheelers witnessed a solid 56.6% y-o-y increase in revenues, settling in at LE 53.2 million in 1Q20. XO Commercial Vehicles & Construction Equipment Revenues from the CV&CE after sales declined by 21.7% y-o-y in 1Q20, settling in at LE 55.9 million. Egypt After-Sales 5-Year Revenues Progression (all figures in LE million) Total After-Sales Egypt 1Q19 1Q20 % Change Passenger Car AFS Revenue (LE million) 181.0 182.6 0.9% 2&3 Wheelers AFS Revenue (LE million) 286.3 291.7 260.5 239.1 33.9 53.2 56.6% CV&CE AFS Revenue (LE million) 160.5 71.4 55.9 -21.7% Total AFS Egypt Revenue (LE million) 286.3 291.7 1.9% Total AFS Egypt Gross Profit (LE million) 64.8 53.0 -18.1% 1Q16 1Q17 1Q18 1Q19 1Q20 Total AFS Egypt Gross Profit Margin (%) 22.6% 18.2% -4.4 INVESTOR PRESENTATION | FIRST QUARTER 2020 17#18Location of GB Auto's After-Sales Facilities. 15 2S 2S 3S 35 15 15 25 INVESTOR PRESENTATION | FIRST QUARTER 2020 15 25 25 15 3S 2S 1S 1S 1S 1S 1S 1S 1S 1S 1S 1S 1S 1S 1S 25 3S 1S 1S 1S 2S 2S 3S 3S 47 PASSENGER CARS 1S SALES OR SERVICE OR SPARE PARTS CENTER 25 2 & 3 WHEELERS 2S SALES & SPARE PARTS CENTER 13 Commercial Vehicles 3S SALES, SERVICES & SPARE PARTS CENTER 18#19Egypt Tires Despite a y-o-y decline of 17.1% in revenues in 1Q20, the LoB witnessed an increase in profitability, with gross profit up by 31.4%. Management is fully aware of the reduction in market size considering the Covid-19 situation but is also optimistic that the LoB can continue to grow market share with the current portfolio. ALASSA TYRES YOKOHAMA GALAXY APPLICATION SPECIFIC, PURPOSE BUILT. Tires in: Egypt WEST LAKE® PERFORMANCE TIRES VERDE. DOUBLESTAR Passenger car tires Light truck tires Truck tires DOUBLECOIN TIRES TECHKING TIRE SOLUTIONS THUNDERER Off-the-road (OTR) tires Revenues declined by 17.1% y-o-y to LE 237.9 million in 1Q20, compared to LE 287.0 million in 1Q19. The LoB witnessed a 31.4% y-o-y increase in gross profits, settling in at LE 57.8 million in 1Q20, with GPM rising by 9.0 percentage points to 24.3%. Management is consistently scouting for new tire representations, leveraging its growing distribution network for commercial tires. Egypt Tires 5-Year Revenues Progression (all figures in LE million) Egypt Tires Summary Performance 1Q19 1Q20 % Change Total Sales Revenues (LE million) 287.0 237.9 -17.1% Total Gross Profit (LE million) 100.9 91.1 44.0 57.8 31.4% Gross Margin 179.7 287.0 237.9 (%) 1Q16 1Q17 1Q18 1Q19 1Q20 15.3% 24.3% 9.0 INVESTOR PRESENTATION | FIRST QUARTER 2020 19#20Regional Operations On a regional level, GB Auto distributes CBU units of Hyundai passenger cars in Iraq; Bajaj motorcycles & three-wheelers in Iraq; and operates after-sales service centers in Iraq. However, GB Auto will discontinue its representation of Hyundai in Iraq in 2020. • Regional Operations Regional operations witnessed a revenue decline of 5.7% y-o-y in 1Q20 to LE 1.494.6 million on the back of a drop in PC volumes. The decline was largely due to the complete lockdown in Iraq which was enforced in early March and April, effectively bringing sales activities to a halt. After discontinuing its representation of Hyundai, GB Auto successfully secured new representation with MG, a reputable British brand under Chinese ownership. Hyundai Passenger Cars in Iraq HYUNDAI Iraq Passenger Cars • Iraq PC Operations reported a 5.4% y-o-y decline in PC volumes in 1Q20, settling in at 4,016 units. Management pressed on with the liquidation of the remaining Hyundai inventory with the anticipated rollout of the MG brand towards the end of the year. Two- and Three-Wheelers Volumes recorded a solid 30.9% y-o-y increase in 1Q20 to 30,661 units, with average sales per month increasing to 2,951 units/month in 1Q20 compared to 2,254.0 units/month in 1Q19. Two & Three-Wheelers in Iraq Regional Performance 1Q19 1Q20 % Change BAJAJ Total Regions Revenues (LE million) 1,585.3 1,494.6 -5.7% Total Regions Gross Profit (LE million) 125.3 151.3 20.8% Motorcycles Gross Margin (%) Three-Wheelers 7.9% 10.1% 2.2 INVESTOR PRESENTATION | FIRST QUARTER 2020 TUCSON 20#21GB Auto & Auto Related Income Statement (LE million) Revenues Inter-Segment Revenues Total Revenues Cost of Sales Inter-Segment Cost of Sales Total Cost of Sales Gross Profit 1Q19 4,746.9 201.3 1Q20 4,497.7 246.4 % Change -5.2% 22.4% 4,948.2 4,744.1 -4.1% (4,204.6) (3,896.5) -7.3% (201.3) (246.4) 22.4% (4,405.9) (4,142.9) -6.0% 542.3 601.2 10.9% Gross Profit Margin 10.4% 12.7% 2.2 General, Selling & Administrative Expenses (350.0) (353.7) 1.1% Other Operating Income 28.8 21.5 -25.4% Provisions (Net) 2.5 (2.1) Operating profit 223.6 266.9 19.4% Finance Cost / Income FOREX Net Profit/ (Loss) Before Tax Income Tax Net Profit/ (Loss) After Tax And Before NCI NCI Net Profit/(Loss) After NCI Depreciation EBITDA EBITDA Margin The finance costs includes leasing expenses of LE (41.9) million for 1Q20 (352.5) (256.1) -27.4% 36.5 19.5 -46.7% (92.4) 30.4 22.1 (9.4) (70.4) 21.0 (22.7) (26.1) 14.9% (93.1) (5.2) -94.5% 51.6 60.1 16.5% 275.2 327.1 18.9% 6.9% 1.3 5.6% GB Auto & Auto Related Key Working Capital Components (LE million) 1Q19 2Q19 3Q19 4Q19 1Q20 Inventory Receivables 4,956.9 2,372.4 4,530.2 2,337.6 3,428.3 3,719.5 2,071.2 1,730.9 Advances Debtors & Other Debit Balances Payables (Net)* Working Capital 582.9 426.4 357.1 452.1 749.5 734.2 1,105.4 708.7 3,273.3 5,388.6 2,448.8 5,579.6 2,549.2 2,478.2 4,412.8 4,133.0 3,586.2 1,675.6 545.8 567.1 2,723.3 3,651.4 Payables are shown net of operating lease-related liabilities amounting to LE 990.6 million, which are now added to our Net Debt calculations. Due to a change in Egyptian Accounting Standards, the related leased assets have been recorded on the balance sheet under PP&E, while the liabilities have been booked under Payables starting from 2019 onwards.. INVESTOR PRESENTATION | FIRST QUARTER 2020 21#22GB Auto & Auto Related Key Ratios (LE million) Net debt/equity* 1Q19 2Q19 3Q19 4Q19 1Q20 Units 1.43 2.05 1.89 1.89 1.77 Total liabilities less cash / equity Units 2.73 2.95 2.92 2.95 2.96 Current ratio Net debt/EBITDA LTM EBITDA / finance cost Capital employed ** ROCE *** Units 0.99 0.95 0.91 0.89 0.89 Units 3.12 4.89 6.07 7.37 6.35 Units 1.29 1.05 0.71 0.58 0.66 LE million 7,987.8 8,287.9 8,211.8 8,522.7 7,767.3 % 18.7% 14.4% 9.6% 6.6% 7.8% *Net Debt for segments = (short term debt + long term debt + due to related parties - inter-segment) - Cash and cash equivalents including due from related parties - inter-segment ** Average capital employed for segments at the end of the period = (property, plant and equipment + intangible assets and goodwill + investment property + inventories + trade receivables + debtors and other debit balance) - (trade payables + other current liabilities) *** ROCE for segments = Last twelve months operating profit/ average capital employed at the end of the period INVESTOR PRESENTATION | FIRST QUARTER 2020 22#23III. GB CAPITAL 580 560 540 520 500 480 360 340 320 1000 300 12 FMA M J J A SOND 13 F M A 280 M J J S OND 14 F M A M J A S 0 N 30 20 1.5 10 0 1.1 -10 ND 13 F MA 0 S A M J J A S OND 14 F M A M J JAS ON 500 10000 5000 Nov Dec 0.9 0.7 0.5 Jan Feb May AUG Sep Oct Nov#24GB Capital's strategy is to benchmark operations against the best in the field, building on strict and robust credit, risk classification and provisioning policies developed for each industry. GB Capital Portfolio Breakdown by Maturity - excluding provisions - 1Q20 GB Capital Portfolio Breakdown by Loan Size 1Q20 0 < 1 year 51% >1 year <3 years 31% > 3 years < 6 years 17% > 6 years 2% GB Capital Portfolio Breakdown by Asset Type 1Q20 <LE 100K > LE 100K < LE 500K 48% 13% > LE 0.6MM < LE 10 MM 4% > LE 10MM < LE 100 MM 14% > LE 100MM 21% Supplementary Financial Information - GB Capital 1Q19 FY19 1Q20 Net Portfolio Assets (LE mn) 8,552.8 9,100.2 10,000.3 Debt/Equity X 3.81x 3.38x 3.17x Automotive 31% Debt/Equity Regulator Definition X 3.11x 2.68x 2.66x Real Estate 28% Equity Loan Portfolio % 21.0% 25.8% 25.4% Machinery & Equipment 3% Annualized Return on Avg. Equity (ROAE) - Excluding NCI* % 30.8% 35.1% 27.4% Agriculture Equipment 10% Annualized ROAA [Annualized the period EBIT pre-funding costs after tax / average assets of period] % 21.6% 22.3% 18.3% SME Factoring 2% Electrical Appliances Others 1% Annualized net interest margin (%) [(interest income - interest expense) for the last quarter X 4 / average portfolio size for the quarter] Provision for portfolio: % 13.1% 15.9% 18.0% Provision (BS) / Loan portfolio % 25% Provision (BS) / NPL % (Coverage ratio) NPL/Loan portfolio % % 2.55% 2.94% 2.99% % 216% 204% 199% % 1.18% 1.45% 1.50% INVESTOR PRESENTATION | FIRST QUARTER 2020 24#25GB Capital Income Statement (Before Elimination) (LE million) Revenue Interest Income Total Revenues Cost of Sales 1Q19 4Q19 1Q20 564.3 960.1 725.4 % Change Q-o-Q -24.4% % Change Y-o-Y 28.6% 576.6 674.5 691.9 2.6% 20.0% 1,140.9 1,634.6 1,417.3 -13.3% 24.2% (514.3) (764.0) (652.6) -14.6% 26.9% Cost of Funds (303.2) (304.8) (262.1) -14.0% -13.6% Total Cost of Revenues (817.5) (1,068.9) (914.7) -14.4% 11.9% Gross Profit 323.4 565.7 502.7 -11.1% 55.4% SG&A (142.7) (238.2) (236.0) -0.9% 65.4% Provisions (12.6) (18.1) (32.3) 78.8% Operating Profit 168.1 309.5 234.4 -24.3% 39.4% Other Income 9.2 13.6 11.0 -19.4% 18.5% EBIT 177.4 323.1 245.3 -24.1% 38.3% Other Interest & Similar Income 3.2 (4.8) (3.3) -31.5% FOREX 9.0 6.4 13.1 45.5% EBT 189.6 324.8 255.1 -21.4% 34.6% Income Tax (42.7) (103.7) (59.9) -42.4% 40.4% Profit After Tax & Before NCI 146.9 221.1 195.2 -11.7% 32.9% NCI 28.3 40.2 51.7 28.6% 82.5% Net Profit After Tax & NCI 118.6 180.9 143.6 -20.6% 21.0% Breakdown of Revenue By Company GB Capital 6.2 5.7 -8.7% GB Lease 191.3 179.7 135.0 -24.9% -29.5% Drive Mashroey Tasaheel Haram 381.7 733.7 498.3 -32.1% 30.6% 329.5 362.9 382.6 5.5% 16.1% 218.1 330.9 372.8 12.7% 70.9% 20.3 21.2 22.9 7.9% 12.8% Total 1,140.9 1,634.6 1,417.3 -13.3% 24.2% *GB capital revenue appears in 2019 for the first-time making use of the new Venture Capital License obtained in 3Q19 allowing GB Capital to book finance leasing contracts. **GB Lease revenue numbers have been restated for the new Egyptian Accounting Standards which no longer record depreciation of the financed assets in the revenues line. INVESTOR PRESENTATION | FIRST QUARTER 2020 25#26IV. CONSOLIDATED FINANCIAL PERFORMANCE#27GB Auto Segregated Income Statement GB Auto (LE million) Revenues Inter-segment revenues Total revenues Cost of sales (Auto and Auto Related) GB Capital (Financing Business) 1Q20 Elimination GB Auto Consolidation 4,497.7 1,391.0 5,888.7 246.4 26.3 (272.8) 4,744.1 1,417.3 (272.8) (3,896.5) (894.0) 5,888.7 (4,790.5) Inter-segment cost of sales (246.4) (20.6) 267.0 Cost of Sales (4,142.9) (914.7) 267.0 (4,790.5) Gross Profit 601.2 502.7 (5.7) 1,098.2 General, selling and administrative expenses (352.1) (236.0) 0.7 (587.4) Other operating income 19.9 11.0 (0.7) 30.1 Provisions (Net) (2.1) (32.3) (34.4) Operating profit 266.9 245.3 (5.7) 506.5 Finance cost/income FOREX Net profit/(loss) before tax Income tax (256.1) (3.3) 5.7 (253.6) 19.5 13.1 32.6 30.4 255.1 285.5 (9.4) (59.9) (69.3) Net profit/(loss) after tax and before NCI 21.0 195.2 216.2 NCI (26.1) (51.7) (77.8) Net profit/(loss) after NCI (5.2) 143.6 138.4 Eliminations of inter-segment items compose of trading of Auto and Auto related, Leased items as well as reclassification between cost of sales and finance cost for consistent application of consolidation procedure of the group. Historical data for GB Auto Group's segregated financials can be downloaded at ir.ghabbourauto.com/fundamentals INVESTOR PRESENTATION | FIRST QUARTER 2020 27#28GB Auto Segregated Balance Sheet As at 31 March 2020 (LE million) Property Plant & Equipment Intangible Assets & Goodwill Investments in Subsidiaries (GB Capital) Notes Receivable Investments Property Deferred Tax Assets Non-Current Assets Inventories Trade Receivables GB Auto (Auto and Auto Related) GB Capital (Financing Business) Elimination GB Auto Consolidation 3,822.6 432.5 322.1 319.5 1.0 58.0 15.1 4,157.2 433.5 4.2 4,111.9 (322.0) (684.5) 58.1 3,431.6 90.9 90.9 617.2 2.9 620.1 5,289.5 4,493.4 (991.4) 8,791.4 3,586.2 111.4 3,697.7 1,671.4 5,419.3 (150.3) 6,940.4 Advance Payments to Suppliers Debtors & Other Debit Balance Due from Related Parties Due from Related Parties - Inter-Segment Cash and Cash Equivalents Current Assets 545.8 28.9 574.8 567.1 441.6 1,008.6 143.3 102.1 245.3 249.1 109.3 (358.4) 991.5 566.5 1,558.0 7,754.3 6,779.2 (508.7) 14,024.8 Total Assets Share Capital Treasury Stock Legal Reserves Private Reserve Accumulated Profit (Losses) 13,043.8 11,272.5 (1,500.1) 22,816.2 1,094.0 318.0 (318.0) 1,094.0 (10.0) 307.5 89.9 0.4 (10.0) 397.7 2,250.9 (64.5) (2.5) 2,183.8 (1,652.6) 1,683.3 26.2 56.9 Net Income (Loss) for The Period (5.2) 143.6 138.4 Total Shareholders' Equity Before NCI 1,984.7 2,170.2 (294.0) 3,860.9 Total NCI 1,062.4 364.8 (12.9) 1,414.3 Total Equity 3,047.1 2,535.0 (306.9) 5,275.2 Trade Payables 2,919.5 371.2 (150.3) 3,140.4 Loans & Overdraft 5,166.9 4,806.6 9,973.5 Due to Related Parties Due to Related Parties - Inter-Segment Provision Other Current Liabilities Total Current Liabilities Loans Provision Trade and Notes Payable Deferred Tax Liabilities 89.4 5.7 95.1 341.9 16.6 (358.4) 217.4 217.4 11.9 288.4 300.3 8,747.0 5,488.3 (508.7) 13,726.6 130.2 3,223.5 3,353.7 4.2 794.3 4.2 (684.5) 109.8 321.0 25.7 346.7 Total Non-Current Liabilities Total Equity And Liabilities 1,249.7 13,043.8 3,249.2 11,272.5 (684.5) (1,500.1) 3,814.5 22,816.2 Historical GB Auto Group segregated financials can be downloaded at ir.ghabbourauto.com/fundamentals INVESTOR PRESENTATION | FIRST QUARTER 2020 28#29V. KEY CORPORATE & SHAREHOLDER INFORMATION Open#30GB Auto is focused on the long-term sustainability of the business and its ability to deliver to shareholders. A closer look at our shareholding structure as of 31 March 2020 GB Auto's Shareholding Structure (%) GB Auto Stock 52-Week Performance Ghabbour Family 62.9% Free Float 37.1% Geographic Distribution of the Free Float (%) Egypt 30% Saudi Arabia 26% Rest of Europe 11% Rest of World 26% United Kingdom 4% United States 3% DR Information DR Symbol CUSIP DR Exchange Depositary Effective Date Underlying ISIN Underlying SEDOL :GBAXY : 368290102 : OTC : US3682901026 : 01:50 : BK (Sponsored) : 05/28/09 : EGS673T1C012 : B1Y9TD5 GB Volume EGX (Rebased 100) GB Auto Rebased (100) 150 100 50,000,000 40,000,000 30,000,000 DR ISIN Ratio 20,000,000 50 10,000,000 0 0 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 INVESTOR PRESENTATION | FIRST QUARTER 2020 30#31Management Biographies (1/4) 1. Dr. Raouf Ghabbour, Chairman of the Board of Directors and Chief Executive Officer Dr. Raouf Ghabbour founded the Ghabbour Group of Companies, which he began incepting in 1985. Dr. Ghabbour began his career working in his family's auto-related trading business, where he initially established himself in the tire division. Having quickly gained a commendable reputation in the market for his business savvy, Dr. Ghabbour went on to acquire agency agreements from global OEMs, which he transformed into successful businesses. Dr. Ghabbour has grown the Company to a leading automotive assembler and distributor in the Middle East and North Africa. 2. Mr. Nader Ghabbour, Deputy Chief Executive Officer Mr. Nader Ghabbour brings over 13 years of specialized experience in the automotive industry to his role, which he has cultivated through the managerial and operational positions he has held at GB Auto. Prior to his current role, Mr. Ghabbour served as Group Chief Operating Officer, where he was responsible for a multitude of vehicular operations in Egypt and the region. Beforehand, he had served as Passenger Car Chief Operating Officer and Project Management Officer Leader. Mr. Ghabbour trained in Mergers and Acquisitions at the London Business School in London. He holds a Bachelor of Arts in Business Administration from Boston University, and an MBA from IE Business School, Madrid. 3. Mr. George Sedky, Chief Human Resources Officer Mr. George Sedky has two decades of experience in personnel management, having held positions in the Human Resources divisions of several major corporations. He has a long track record of success in recruiting and gaining top talent, organizational transformation, and building cultures of engagement. He was successful in re-engineering GB Auto's Human Resources department goals and practices, aligning them with the Group's strategic business goals. He is specialized in strategic management and planning; directing all HR functions; introducing new methodologies that maximize performance through training and development; compensation and benefits; and organizational development. He holds a BSc. In Aerospace Engineering from Cairo University and an MBA with an HR Specialization from Arab Academy for Science, Technology and Maritime Transport. INVESTOR PRESENTATION | FIRST QUARTER 2020 31#32Management Biographies (1/4) 4. Mr. Wissam Al-Adany, Chief Information Technology Officer Mr. Wissam Al-Adany joined GB Auto in 2014 bringing with him more than 19 years of experience in IT management, including four years of international experience in Brazil, France and Kazakhstan. Prior to joining GB Auto, Mr. Al-Adany served as Group Chief Information Technology Officer of the Americana Group - whose major shareholder is the multinational Al Kharafi Conglomerate - where he managed the Group's IT Operations for 15 companies. He started his career with GlaxoSmithKline as a Senior Systems Engineer, and from there moved on to Lafarge as Country IT Director for four years. Mr. Al-Adany has deep techno-functional knowledge in all facets of IT and a robust track record in IT infrastructure management, service delivery, ERP implementation and techno-commercial support. He holds a BSc in Communications & Electronics Engineering from Ain Shams University in Cairo, and an MBA from the American University in Cairo. 5. Ms. Cherine Kallal, Senior Vice President Business Development & CEO Support Ms. Cherine Kallal joined GB Auto in November 2011 and currently spearheads the Group's Business Development Division in her capacity as Senior Vice President Business Development. She is responsible for overseeing the successful execution of business development initiatives and strategic projects as part of the Group's growth strategy. She also directs the Group's China based unit. In January 2016, Ms. Kallal was appointed as CEO Support in addition to her Business Development role, where she directly supports the Group's CEO in designated operational and organizational tasks. In her roles, she is a member of the Group's Executive Committee and Management Steering Committees. A diligent and results-oriented strategist with strong experience in structured planning and cross-functional management; Ms. Kallal spent several years in the Telecom services sector where she served in several roles prior to joining GB Auto Group. Ms. Kallal holds a BSC in Mechanical Engineering from Loughborough University in UK. 6. Mrs. Odette Gamil, Senior Vice President, Internal Audit Mrs. Odette Gamil joined Ghabbour in September 2013 as Senior Vice President - CEO Assistant. Mrs. Gamil has 22 years of experience in finance and internal audit, including 14 years in multinational companies (Nestle & Heineken). Prior to joining GB Auto, Mrs. Odette was Head of Internal Audit for Heineken Egypt for 5 years. Before the 9 years spent in Nestle Egypt, she held positions in finance, budgeting and reporting, financial analysis, costing and cost analyst and ended her career in Nestle as cost controller. In May 2017, Mrs. Gamil was appointed as the Head of Internal Audit in GB Auto. She has graduated from the Faculty of Commerce at Ain Shams University. INVESTOR PRESENTATION | FIRST QUARTER 2020 32#33Management Biographies (2/4) GB Auto & Auto-Related Management 7. Mr. Ramez Adeeb, Chief Manufacturing Officer Mr. Ramez Adeeb joined GB Auto in 1995, holding a number of positions and gaining experience in functions including planning, engineering, and quality control until he left the company in 2001 for a position as a project manager at RITEC Consultancy. Mr. Adeeb rejoined GB Auto in 2003, garnering additional experience in the segments of localization management, aggregate planning, sales technical support, industrial projects management and, finally, the group technical support directorship. Mr. Adeeb graduated with a Bachelor's degree from Cairo University's Mechanical Engineering Department in 1993. He served as a Research Assistant in Rotor Dynamics and Vibration at Cairo University from 1994-95. He earned an MBA in Marketing Management from the Netherlands' Maastricht School of Management in 2005. 8. Mr. Abbas El Sayed, GB Auto & Auto Related Finance Director Mr. Abbas El Sayed joined GB Auto in 2014 as Group Vice President Finance. He has 14 years of experience gained from KPMG and Deloitte including 1.5 years in the UK at KPMG UK LLP. Mr. El Sayed has vast experience in corporate finance, restructuring, strategic planning, audit, internal controls, advisory and compliance. He holds a Bsc. in Accounting from Ain Shams University. He is a member of the Association of Chartered Certified Accountants (ACCA) in the UK and Certified Management Accountant (CMA) in the USA. 9. Mr. Ghassan Kabbani, Chief Operating Officer of Two- and Three-Wheelers Mr. Ghassan Kabbani brings more than 30 years experience to GB Auto. He first worked in the family textile business from 1980 through 1994, when he left to join T.E.S. sheet metal. In 1996, together with Dr. Ghabbour and other partners, he established CITI (a 2- and 3-Wheeler company). In 2007 CITI merged with GB Auto, at which time Mr. Kabbani joined the company. Mr. Kabbani graduated from AUC in 1979 with a BA in Economics and Business Administration. 10. Mr. Karim Gaddas, Group Chief Operating Officer Mr. Karim Gaddas joined GB Auto in 2015 as Chief Executive Officer of Tires, boasting 20 years of experience in general management, operations, and sales and marketing. In the last 16 years he occupied various positions at Pirelli that included headquarter-level roles in Milan and regional-level roles in Paris, Cairo, Alexandria, and Dubai. In addition to being the Global Sales Director for BU trucks, the CEO of the company's Middle East and India operations, and the CEO of African and Egyptian operations, Mr. Gaddas also served as Pirelli's Vice Chairman. He was also a member of the board at the Alexandria Tire Company for eight years. Mr. Gaddas began his career in 1996 at Gewiss, an electrical materials company based in Bergamo, Italy, where he was the Area Manager for Central America, the Middle East, and Africa. He holds a B.A. in Business Administration from the Sup de Co Montpellier in France and an MBA from SDA Bocconi in Milan, Italy. INVESTOR PRESENTATION | FIRST QUARTER 2020 33#34Management Biographies (3/4) GB Auto & Auto-Related Management 11. Mr. Ahmed Fathy, Senior Vice President, Tires Mr. Ahmed Fathy brings over sixteen years of experience in the automotive and engineering fields to his role at GB Auto. Prior to his current role, he served across a plethora of positions at the Group, which include VP Commercial Vehicles in the Heavy Trucks, Trailers and Superstructure Department, as well as Division Head B2B, Trucks Sales Manager B2B and Trucks Senior Sales Engineer B2B for Volvo. Before joining GB Auto, Mr. Fathy held the position of Sales Engineer at Cairo Hydraulic Group. He has a BSc. in Engineering from the faculty of Engineering in Zagazig University, and a mini-MBA in management from the Knowledge Academy. 12. Mr. Ibrahim Naguib, Chief Operating Officer of Passenger Car Operations Mr. Ibrahim Naguib has accumulated over 15 years of experience in the automotive industry. Mr. Naguib currently serves as Chief Operating Officer of the Passenger Car Operations where he is responsible for both Sales and After Sales operations. Mr. Naguib first joined GB Auto in 2003 as the Tires Department General Manager where he managed to double the business turnover in a period of three years. In 2007, he took charge of the Commercial Vehicles business where he managed to grow sales volumes and expand market share. In 2009, he assumed the role of Sales and Marketing Director for the Hyundai and Mazda franchises. After briefly relocating abroad, Mr. Naguib returned to GB Auto in 2016 where he was appointed SVP of the Passenger Cars sales operations where under his leadership, market share surged to an unprecedented 36%. Mr. Naguib holds a BA from the American International University in London, UK and an MBA from the Maastricht School of Management, The Netherlands. 13. Eng. Sameh Ali, Chief Operating Officer for Commercial Vehicles and Construction Equipment Eng. Sameh Ali started his career with a British mining company for four years after which he joined GB Auto as a service manager for Commercial Vehicles where he worked his way up to After Sales Head. In 2014, he was tasked with managing Sales as well as After Sales operations. In addition to his responsibilities, Sameh was appointed in 2017 Managing Director of GB Polo bus manufacturing company, where he oversaw a successful company turn around by end of 2018. Sameh holds a degree in mechanical engineering, as well as an MBA degree from Faculty of Business and Innovation at Toledo University, USA. INVESTOR PRESENTATION | FIRST QUARTER 2020 34#35Management Biographies (4/4) GB Capital Management 14. Mr. Sherif Tawadros, Senior Vice President Finance Mr. Tawadros is currently the Senior Vice President Finance for GB Capital. He has under his belt over 29 years of experience in the field of finance in Treasury & Cash Management, Banking, Leasing Company Portfolio Management, Financial & Strategic planning. He holds a BA in Business Administration and MBA from the American University in Cairo. 15. Mr. Ahmed Ossama, GB Capital Finance Director, Haram Tourism and Drive Chairman and MD Mr. Ahmed Ossama bolds the position of GB Capital Head of Finance and Chairman and MD of Haram Tourism. He has under his belt over two decades of experience in accounting and finance across a broad range of industries, including telecoms, petroleum, manufacturing, mining, and financial institutions. He holds a BA in Accounting. 16. Mr. Mounir Nakhla, Mashroey & Tasaheel Co-founder and MD Mr. Mounir Nakhla is the Co-founder and Managing Director of Tasaheel, leveraging his entrepreneurial drive, calculated management style and hands-on problem-solving to grow the company to the positioning it holds today. Prior to his establishment of Tasaheel, he founded Mashroey, Egypt's fastest growing asset-based microfinance company, and assumed the role of Managing Director in 2009. He was part of EQI's growth story, holding several positions with the company and bookending his career there as Managing Partner in 2008. Mr. Nakhla holds a BSc. in International Business Studies from the European Business School and an MSc in Environment & Development from the London School of Economics. 17. Mr. Sherif Sabry, GB Lease Chairman and MD Mr. Sherif Sabry is the Chairman and MD of GB Lease, having held the post since 2008 when he was appointed to manage the restructuring of the company upon GB Auto Group's acquisition of the firm under its financing arm. He has been a member of the GB Auto family since 1995 in several capacities, including Group Treasury Division Head and Group Treasury Director. He holds a BA of Commerce from Cairo University and an MBA in Finance and Banking from Maastricht School of Management. He is also a graduate of the Chase Manhattan Bank Credit Program. INVESTOR PRESENTATION | FIRST QUARTER 2020 35#36Board of Directors Biographies (1/2) 1. Dr. Raouf Ghabbour, Chairman of the Board of Directors and Chief Executive Officer, founded the Ghabbour Group of Companies, which he began incepting in 1985. Dr. Ghabbour began his career working in his family's auto-related trading business, where he initially established himself in the tire division. Having quickly gained a commendable reputation in the market for his business savvy, Dr. Ghabbour went on to acquire agency agreements from global OEMs, which he transformed into successful businesses. Dr. Ghabbour has grown the Company to a leading automotive assembler and distributor in the Middle East and North Africa. He has chaired the Board of Directors since 2007. 2. Ms. Lobna El Dessouky, Independant Board Member, Ms. El Dessouky leverages over two decades of professional experience in a wide range of sectors to fulfill her numerous advisory and board roles. She's currently an independent member of the Advisory Board of Alexandria Business Association Small and Micro Enterprise Project, independent Board and Audit Committee member at Cleopatra Hospital Company, Advisor for the European Bank for Construction and Development's Enterprise Growth Program and is an Advisor to the Audit Committee at Qalaa Holdings, having served as a member of the committee from December 2012 to 2014. Prior to this, she spent six years as Group Chief Financial Officer at Asec Holding and served on the Group's board for eight years. Ms. El Dessouky spent most of her career with Coca Cola Egypt, starting as Head Office Financial Controller in 1997 and eventually working her way to Group Chief Financial Officer in 2001 and serving in that post till 2006. She began her career at PricewaterhouseCoopers as part of the audit staff in 1993, ending her stint at the company as Audit Senior in 1997. She has also been highly involved in teaching since 1997, she worked with Eslsca Business School, Edinburgh Business School, The American University in Cairo (AUC), and The Regional Information Technology Institute (RITI) in association with Maastricht School of Management (MSM). Ms. El Dessouky holds a Bachelor's degree in Commerce from Helwan University and an MBA in Management Consultancy from Sheffield University, UK. She is a CPA, CFM, and CMA holder and is also a Member of the Association of Corporate Governance Practitioners and a Certified Director from the Egyptian Institute of Directors. 3. Mr. Mansour Kabbani, Non-Executive Director, brings more than 30 years of experience to GB Auto, where he joined as VP for project co-ordination in 2015 and currently overseas group investments as well as investor relations. Mr. Kabbani spent a decade working in textile spinning before becoming CFO at Technological and Electrical Systems (TES) for two years. With Dr. Ghabbour and partners, he helped establish CITI in 1997 which later merged with GB Auto. From 1997 to 2015, Mr. Kabbani has run his family investments and accumulated vast experience in capital markets. Mr. Kabbani graduated from AUC in 1981 with a BA in Economics. He has sat on the Board of Directors since 2015. 4. Mr. Nader Ghabbour, Deputy Chief Executive Officer, Mr. Nader Ghabbour brings over 13 years of specialized experience in the automotive industry to his role, which he has cultivated through the managerial and operational positions he has held at GB Auto. Prior to his current role, Mr. Ghabbour served as Group Chief Operating Officer, where he was responsible for a multitude of vehicular operations in Egypt and the region. Beforehand, he had served as Passenger Car Chief Operating Officer and Project Management Officer Leader. Mr. Ghabbour trained in Mergers and Acquisitions at the London Business School in London. He holds a Bachelor of Arts in Business Administration from Boston University, and an MBA from IE Business School, Madrid. INVESTOR PRESENTATION | FIRST QUARTER 2020 36#37Board of Directors Biographies (2/2) 5. Mr. Abbas El Sayed, Executive Director, joined GB Auto in 2014 as Group Vice President Finance. He has 14 years of experience gained from KPMG and Deloitte including 1.5 years in the UK at KPMG UK LLP. Mr. El Sayed has vast experience in corporate finance, restructuring, strategic planning, audit, internal controls, advisory and compliance. He holds a BA in Accounting from Ain Shams University. He is a member of the Association of Chartered Certified Accountants (ACCA) in the UK and is a Certified Management Accountant (CMA). He has sat on the Board of Directors since 2019. 6. Mr. Mounir Fakhry Abdelnour, Non-Executive Director, brings more than 40 years of economy-centric experience to GB Auto's Board of Directors. Since 1970, he has occupied various high-ranking positions at a number of reputable banking institutions and also served in different ministerial posts, including Minister of Tourism and Minister of Industry and Trade, among others. In 1976, he co-founded American Express Middle East (AMEX), where he served as Vice President and board member until 1980. He was also a founder and Chairman of the Egyptian-French Agro-foods Company between 1983-2014. Throughout his career, Mr. Abdelnour served as a board member at the EGX, the National Council for Human Rights, and the Federation of Egyptian Industries. He currently sits on the boards of Beltone Financial, Edita and Domty. As an active participant in Egyptian political life, Mr. Abdelnour headed the opposition bloc in parliament between 2000-2005 and was a member of the time-honored political party Al Wafd from 2005-2011. He has sat on the Board of Directors since 2016. 7. Mr. Mohamed Naguib, Non-Executive Director, has served at the boards of various prominent banks and corporations in Egypt and has accumulated nearly 40 years of experience in the fields of Banking, Leasing and Credit. Between 2011 and 2018, Mr. Naguib was Chairman and Managing Director of SAIB Bank and prior to that as Vice-Chairman and Head of the Credit and Investment Committee at Banque Misr. Mr. Naguib had also served at Misr International (MIBank) for over 20 years as General Manager of Credit and Marketing before joining Incolease as Member of the board from 2000 till 2010. Furthermore, Mr. Naguib served as Non-Executive Chairman of Misr Bank-Europe in Germany for two years as well as his membership of the boards of the National Bank of Egypt, the Civil Aviation Finance Holding Company, and the Small and Medium Sized Projects Fund among many others. Mr. Naguib has attended various banking and credit seminars across the United States and the UK in addition to retaining a CPA certification in the state of Colorado for 12 years. Mr. Naguib holds a bachelor's in Accounting from Cairo University and an MBA from the American University in Cairo. He has sat on the Board of Directors since 2019. INVESTOR PRESENTATION | FIRST QUARTER 2020 37#38Glossary of Commonly Used Terms CKD Completely Knocked Down. These are kits imported from the supplier and assembled in Egypt, using the locally-mandated percentage of domestic parts. CBU Completely Built Up. This refers to vehicles that are imported fully- assembled. LOB Line of Business. LTR Light Truck Radial. OEM Original Equipment Manufacturer. For instance, Hyundai is the OEM of the Hyundai Verna. OTR Off-the-road. PCR Passenger Car Radial. TBR Truck and Bus Radial. 38 INVESTOR PRESENTATION | FIRST QUARTER 2020#39Thank you ir.ghabbourauto.com INVESTOR RELATIONS Mansour Kabbani Board of Directors Member Andre Valavanis Investor Relations AVP Sarah Maged Investor Relations Communications Manager Marina Kamal Investor Relations Associate Direct: +202 3910 0485 Fax: +202 3539 0139 E-mail: [email protected] Shareholder Information Reuters Code: AUTO.CA Bloomberg Code: AUTO.EY Number of Shares Outstanding 1,094,009,733 GHABBOUR AUTO