#1GHABBOUR AUTO INVESTOR PRESENTATION SECOND QUARTER 2022#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#4I. Group Overview#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 MNT-Halan Three Wheelers Egypt Commercial Vehicles & Construction Equipment Egypt Tires Egypt After-Sales Regional INVESTOR PRESENTATION | SECOND QUARTER 2022 Drive GB Auto Rental KAF Bedaya 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 Egypt Tires Egypt After-Sales Regional 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 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 (MG) with after sales service . • Bajaj motorcycles and three-wheelers in Iraq with after sales services 34.8% 7.4% 5.0% 4.6% 5.1% 14.7% 2Q22 Group Revenue Contribution 2Q22 Group Revenue Contribution 2Q22 Group Revenue Contribution 2Q22 Group Revenue Contribution 5-Year CAGR 0.5% 5-Year CAGR -6.0% 5-Year CAGR -0.9% 5-Year CAGR 5.4% *GB Auto has one secondary line of business, Others, which consists of lubricants, pre-owned passenger cars, pre-owned commercial vehicles, and retail. 2Q22 Group Revenue Contribution 5-Year CAGR 8.4% 2Q22 Group Revenue Contribution 5-Year CAGR 10.6% INVESTOR PRESENTATION | SECOND QUARTER 2022 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. 2Q22 Group Revenue Contribution 25.7% 5-year CAGR: 20.0% Leasing Auto Rental Capital Consumer Finance and Factoring DRIVE FINANCE 56.7% 2Q22 Group Gross Profit Contribution Gross Profit Margin: 61.5% mnt Fintech Halan Lease 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. Previously known as Haram Tourism Transport, GB Auto Rental 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). Drive has successfully rolled out its digital mobile app "Forsa" and was ranked number one in the App Store by downloads of the application. Additionally, Drive completed the onboarding of 340 merchants with plans to onboard about 1,000 by the end of 2022. Drive became the first consumer finance company to issue bonds when it completed its first bond issuance in the amount of LE 700 million. Proceeds from the transaction will be used to unlock further growth opportunities in consumer financing and to settle old bank debts. Egypt's largest and fastest growing non-bank lender to the unbanked offering digital solutions, including lending, BNPL, e-commerce, payments, and on-demand logistics. Developed its scalable proprietary fintech ecosystem in- house, connecting customers, vendors and micro- enterprises through its consumer facing app, merchant app, Halan Neuron (distributed lending and payment processing software) and payment solutions (wallets and cards). MNT-Halan serves more than 4 million customers in Egypt (c.1 million monthly active users), of which 3.1 million are financial clients and 1.8 million are borrowers. MNT-Halan is currently focused on cross border expansion through capitalizing on its technological capabilities with an aim to replicate its business model in other countries. LE 152.1 million* 2Q22 Revenue LE 35.9 million* 2Q22 Revenue *Before intercompany eliminations. INVESTOR PRESENTATION | FIRST QUARTER 2022 LE 695.8 million* 2Q22 Revenue LE 1,473.5 million* 2Q22 Revenue 7#8The Group has an established regional footprint with a strong portfolio of top global brands. Passenger Cars HYUNDAI Commercial Vehicles & Construction Equipment Motorcycles & Three-Wheelers Tires LASSA WEST LAKE Others EGYPT Mazda CHERY CHANGAN HAVAL VOLVO YTO aksa.m FUSO IVECO Karry SPLG SHACMAN Marcopolo BRINGING PEOPLE TOGETHER YOKOHAMA TYREB DOUBLECOIN EL MIKANEEKY GEAZPROMM GAZPROM NEFT BAJAJ GOOD YEAR TECHKING® TIRE SOLUTIONS THUNDERER SUNFULL VERDE. FABRIKA 360 GB CAPITAL mnt Halan Lease bedaya Auto Rental Passenger Cars IRAQ Motorcycles & Three-Wheelers BAJAJ DRIVE FINANCE B kaf INSURANCE INVESTOR PRESENTATION | SECOND QUARTER 2022 8#9Both businesses have shown consistent growth in operational performance and profitability. Revenues 5,763.0 1,506.1 6,122.1 Progression of Key Indicators (all figures in LE million) 11,945.7 11,214.1 Net Debt 5,823.6 4,827.6 3,730.2 2,882.6 1,720.0 2,010.2 2Q21 1Q22 2Q22 1H21 1H22 GB Auto & Auto Related GB Capital* *Before elimination EBITDA 620.1 543.8 475.0 1,163.8 913.1 11,716.3 4Q21 4,958.0 13,013.8 1022 5,007.3 13,038.1 2Q22 ■GB Auto & Auto Related ■GB Capital* GB Capital's debt figure represents total debt as net debt is not an appropriate indicator for the financing business EBIT 662.6 528.9 343.1 286.6 1,005.7 2Q21 1Q22 2Q22 1H21 1H22 2Q21 1Q22 2Q22 1H21 1H22 GB Auto & Auto Related ■GB Capital INVESTOR PRESENTATION | SECOND QUARTER 2022 9#10II. GB Auto & Auto Related#11Egypt Passenger Cars The passenger car market contracted 32.1% q-o-q and 33.3% y-o-y in 2Q22. Meanwhile, GB Auto's passenger car volumes went down by only 12.6% q-o-q and 6.5% y-o-y. PC market continues to navigate rising freight costs, supply chain challenges and a semiconductor shortage. These issues were further exacerbated by the devaluation of the EGP in March 2022, restrictions on importation and a slowdown in opening letters of credit. PC Market, Annual Sales Management has focused CKD assembly on models in the largest market segment PC Market Segmentation, 2Q22 C <1.3L 9% 1.3-1.5L 28% 1.5-1.6L 41% >1.6L 22% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 2Q21 2Q22 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 | SECOND QUARTER 2022 GDP PER CAPITA (USD)** 7,235 4,248 9,311 4,279 5,878 2,549 14 11#12INVESTOR PRESENTATION | SECOND QUARTER 2022 OF HY 92 Mazda CX-3 Egypt Passenger Cars GB Auto retained its position as the market leader in the passenger car market in 2Q22 reaching a market share of 25.3% compared to 19.9% in 2Q21. 12.1% 8.9% Market Share of Key Players 7.3% 13.5% 0.1% 0.0% 0.4% 1.3% Hyundai Chery Mazda Changan Haval GB Auto 0.0% 1.5% • The PC LoB's performance during the period was impacted by import restrictions and a slowdown in opening letters of credit (LCs). Management has developed a pricing strategy that capitalizes on the strong demand for the LoB's brands which aims to offset the anticipated impact on PC volumes due to supply chain disruptions. 12 19.9% 25.3% 2Q21 2Q22#13Egypt Passenger Cars The PC LoB's volumes decreased 12.6% q-o-q and 6.5% y-o-y, less than the market contraction in the same period. Consequently, revenues declined by 7.8% q-o-q and 6.5% y-o-y to LE 2,729.2 million in 2Q22. On a YTD basis, PC volumes were up 2.9% and revenues remained largely flat year-on-year at LE 5,690.2 million. 2Q21 1Q22 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y CBU Sales Volume (Units) 5,635 5,046 4,014 -20.5% -28.8% 10,253 9,060 -11.6% CKD Sales Volume (Units) 4,498 5,793 5,460 -5.7% 21.4% 9,480 11,253 18.7% Total Sales Volume (Units) 10,133 10,839 9,474 -12.6% -6.5% 19,733 20,313 2.9% Sales Revenue (LE million) 2,917.8 2,961.0 2,729.2 -7.8% -6.5% 5,681.3 5,690.2 0.2% INVESTOR PRESENTATION | SECOND QUARTER 2022 13#14Egypt Motorcycles & Three-Wheelers The LoB's volumes dropped by 23.2% q-o-q and 46.8% y-o-y to 17,560 units in 2Q22 due to restrictions on imports for Three-Wheelers and a slowdown in opening LCs. Consequently, revenues declined by 7.3% q-o-q and 33.1% y-o-y to LE 581.7 million in 2Q22. On a YTD basis, volumes were down 40.1% y-o-y in 2Q22 which led to a 33.0% decline in revenues for the first half of the year. 2Q21 1Q22 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y Three-Wheeler Sales (Units) 16,939 10,164 8,605 -15.3% -49.2% 36,776 18,769 -49.0% Volume Motorcycle Sales (Units) 16,044 12,688 8,955 -29.4% -44.2% 30,682 21,643 -29.5% Volume Total Sales Volume (Units) 32,983 22,852 17,560 -23.2% -46.8% 67,458 40,412 -40.1% Total Sales Revenue (LE million) 869.8 627.5 581.7 -7.3% -33.1% 1,804.6 1,209.6 -33.0% INVESTOR PRESENTATION | SECOND QUARTER 2022 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. • 2010 BUSES Bus revenues decreased by 43.6% q-o-q and 35.9% y-o-y in 2Q22 due to the Russia-Ukraine war's impact on tourism which affect bus sales. Management anticipates that lower bus sales will adversely affect the LoB's performance until the impact of the Russia- Ukraine war on tourism subsides. TRUCKS Truck revenues increased 21.9% q-o-q and 211.1% y-o-y in 2Q22 driven by a growing pipeline of national infrastructure projects. TRAILERS Trailer revenues increased by 365.0% q-o-q but were down 61.6% y-o-y in 2Q22 due to a decline in sale volumes. CONSTRUCTION EQUIPMENT Construction equipment revenues increased by 57.8% q- o-q and 335.6% y-o-y in 2Q22. The LoB represents Volvo construction equipment and SDLG in the construction equipment market, offering sales and after sales services for a variety of products. INVESTOR PRESENTATION | SECOND QUARTER 2022 15#16Egypt Commercial Vehicles & Construction Equipment Management anticipates a slower recovery for this LoB primarily due to lagging bus sales as a result of the Russia-Ukraine war. 2Q21 1Q22 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y Bus Sales Volume (Units) 95 106 42 -60.4% -55.8% 170 148 -12.9% Truck Sales Volume (Units) 249 313 278 -11.2% 11.6% 528 591 11.9% Trailer Sales Volume (Units) 47 8 71 51.1% 65 79 21.5% Construction Equipment (Units) 13 24 28 16.7% 45 52 15.6% Sales Volume Total Sales Volume (Units) 404 451 419 -7.1% 3.7% 808 870 7.7% Sales Revenue (LE million) 184.7 325.7 389.0 19.4% 409.7 714.7 74.5% INVESTOR PRESENTATION | SECOND QUARTER 2022 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 an increase of 10.9% q-o-q and 33.0% y-o- y, reaching LE 276.0 million in 2Q22. Motorcycles & Three- Wheelers After sales for motorcycles and three-wheelers saw a decrease of 11.9% q-o-q but were up 28.2% y-o-y in 2Q22, reaching LE 61.3 million. Total After-Sales Egypt 2Q21 1Q22 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y Passenger Car AFS Revenue (LE million) 208 249 276 10.9% 33.0% 398 525 31.8% XO Commercial Vehicles & Construction Equipment Revenues from the CV&CE after- sales service increased by 7.8% q-o-q and 31.5% y-o-y to LE 65.0 in 2Q22. Egypt After-Sales 5-Year Revenues Progression (all figures in LE million) 2&3 Wheelers AFS Revenue 269.1 268.0 (LE million) 48 70 61 -11.9% 28.2% 99 131 32.7% 212.4 CV&CE AFS Revenue (LE million) 49 60 65 7.8% 31.5% 102 125 23.2% 402.3 304.9 اس Total AFS Egypt Revenue (LE million) 304.9 378.8 402.3 6.2% 32.0% 598.7 781.1 30.5% 2Q18 2Q19 2Q20 2Q21 2Q22 INVESTOR PRESENTATION | SECOND QUARTER 2022 17#18GB Auto's After-Sales Facilities EGYPT PASSENGER CARS 44 Show rooms 22 Service Centers 2 & 3 WHEELERS 27 Show rooms 15 Service Centers COMMERCIAL VEHICLES 7 Service Centers INVESTOR PRESENTATION | SECOND QUARTER 2022 18#19Egypt Tires The LoB's revenues were down 19.2% q-o-q due to shortages in the supply of tires and slowdown in LCs but were up 7.0% y-o-y to record LE 360.6 million in 2Q22. On YTD basis, revenues grew 30.2% y-o-y on the back of healthy market demand for the LoB's product suite. LASSA Tires in: Egypt VERDE.DOUBLECOIN TECHKING® WUEST LAKE TIRE SOLUTIONS TYRES YOKOHAMA SUNFULL THUNDERER Passenger car tires Light truck tires GOOD YEAR PERFORMANCE TIRES Truck tires Off-the-road (OTR) tires Egypt Tires 2Q21 1Q22 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y Total Sales Revenues (LE million) 337.0 446.3 360.6 -19.2% 7.0% 619.7 806.9 30.2% INVESTOR PRESENTATION | SECOND QUARTER 2022 Egypt Tires 5-Year Revenues Progression (all figures in LE million) 360.6 337.0 294.9 301.6 277.8 2Q18 2Q19 2Q20 2Q21 2Q22 19#20Regional Operations GB Auto was able to position MG as the leading Chinese car brand in Iraq, with a market share of 7.3% and is optimistic it will be able to further expand its market share and continue to position MG as a leading brand in the region. Regional Operations • Regional revenues increased by 11.9% q-o-q and by 48.3% y-o-y to LE 1,153.8 million in 2Q22 on the back of growing PC and 2&3W sales during the period despite a challenging operating environment in Iraq. Passenger Cars in Iraq Iraq Passenger Cars • PC volumes increased by 14.8% q-o-q and 63.5% y-o-y in 2Q22. Consequently, PC revenues increased by 28.4% q-o-q and 113.6% y-o-y during the period. Two- and Three-Wheelers • . While three-wheeler volumes fell 74.6% q-o-q, motorcycle volumes grew 152.0% q-o- q in 2Q22. Consequently, 2&3W revenues were up a marginal 1.4% q-o-q in 2Q22 to record LE 639.6 million for the quarter. In year-on-year, 2&3W volumes decreased 18.0% y-o-y; however, revenues were up 19.0% y-o-y due to improved pricing. Two & Three-Wheelers in Iraq Regional Performance 2Q21 1Q22 2Q22 Q-0-Q Y-o-Y 1H21 1H22 Y-o-Y Total Regions (LE million) 778.2 1,031.3 1,153.8 11.9% 48.3% 1,412.8 2,185.1 54.7% Revenues INVESTOR PRESENTATION | SECOND QUARTER 2022 * BAJAJ Motorcycles Three-Wheelers 20#21GB Auto & Auto Related Income Statement (LE million) 2Q21 Revenues 5,425.2 1Q22 5,862.5 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y 5,489.6 -6.4% 1.2% Inter-Segment Revenues 337.7 Total Revenues 5,763.0 259.6 6,122.1 334.0 28.7% -1.1% 10,541.2 672.8 11,352.1 7.7% 5,823.6 -4.9% 1.1% 11,214.1 Cost of Sales (4,635.9) (4,955.6) (4,548.4) -8.2% -1.9% (9,016.3) 593.5 11,945.7 (9,504.1) -11.8% 6.5% 5.4% Inter-Segment Cost of Sales (337.7) (260.1) (333.4) 28.2% -1.3% (672.8) Total Cost of Sales (4,973.7) (5,215.8) (4,881.8) -6.4% -1.8% Gross Profit 789.3 906.3 941.7 3.9% 19.3% (9,689.2) 1,524.9 (593.5) (10,097.6) -11.8% 4.2% 1,848.1 21.2% Gross Profit Margin 13.7% 14.8% 16.2% 1.4 2.5 13.6% 15.5% 1.9 General, Selling & Administrative Expenses (406.2) (429.5) (489.4) 13.9% 20.5% (781.3) (918.9) 17.6% Other Operating Income 77.2 80.8 46.0 -43.0% -40.3% 105.4 126.8 20.3% Provisions (Net) 1.5 1.7 (15.7) (15.3) (14.0) -8.2% Operating Profit 461.8 559.3 482.6 -13.7% 4.5% 833.7 1,041.9 25.0% Operating Profit Margin 8.00% 9.10% 8.30% -0.8 0.3 7.40% 8.70% 1.3 Finance Cost / Income (153.1) (149.4) -173.3 16.0% 13.2% (314.3) (322.8) 2.7% FOREX 12.9 (198.2) -14.9 -92.5% 18.1 (213.1) Dividends Income 681.9 -0.1 681.9 Net Profit/(loss) Before Tax 321.6 893.6 294.3 -67.1% -8.5% 537.6 1,187.9 Income Tax (60.6) (73.8) -53.7 -27.2% -11.4% (104.7) (127.5) 21.7% Net Profit /(loss) After Tax and Before NCI 260.9 819.8 240.6 -70.6% -7.8% 432.9 1,060.4 NCI (29.3) (30.0) -26.6 -11.5% -9.4% (23.3) (56.6) Net Profit/(loss) After NCI 231.6 789.8 214.1 -72.9% -7.6% 409.6 1,003.9 EBITDA 475.0 620.1 543.8 -12.3% 14.5% 913.1 1,163.8 27.5% EBITDA Margin 8.2% 10.1% 9.3% -0.8 1.1 8.1% 9.7% 1.6 GB Auto & Auto Related Key Working Capital Components (LE million) 2Q21 3Q21 4Q21 1Q22 2Q22 Inventory 3,908.1 3,495.9 4,016.7 5,528.7 Receivables 1,830.4 2,150.6 2,051.0 2,349.0 4,619.0 1,703.2 Advances 630.9 604.7 745.8 866.7 891.5 Debtors & Other Debit Balances 1,343.9 1,879.2 1,547.9 1,957.4 1,443.5 Payables (Net)* Working Capital 3,950.8 3,762.6 4,539.2 3,591.1 4,612.9 3,748.4 6,378.9 4,307.0 4,322.9 4,350.3 Payables are shown net of operating lease-related liabilities amounting to LE 393.7 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 | SECOND QUARTER 2022 21#22GB Auto & Auto Related Key Ratios (LE million) 2Q21 3Q21 4Q21 1Q22 2Q22 Net debt/Equity* Units 1.88 1.4 1.39 1.06 1.11 Total Liabilities Less Cash / Equity Units 3.57 3.04 3.08 2.71 2.33 Current Ratio Net Debt/ EBITDA LTM EBITDA / Finance Cost Capital Employed ** ROCE *** Units 0.87 0.93 0.93 0.98 1.00 Units 3.34 2.70 2.56 2.40 2.35 Units 2.46 2.79 3.14 3.52 3.51 LE million 7,874.1 7,876.2 7,905.2 8,439.6 8,869.2 % 20.0% 19.5% 20.9% 21.8% *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 beginning and end of the period INVESTOR PRESENTATION | SECOND QUARTER 2022 21.0% 22#23III. GB Capital TIM L 3 4 3 P 5#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 - 2Q22 GB Capital Portfolio Breakdown by Loan Size - excluding provisions - 2Q22 0 < 1 year >1 year <3 years > 3 years < 6 years > 6 years 51% 36% 13% 0% C < LE 100K 49% > LE 100K < LE 500K 17% > LE 0.6MM < LE 10 MM 7% > LE 10MM < LE 100 MM 10% > LE 100MM 17% GB Capital Portfolio Breakdown by Asset Type - excluding provisions - 2Q22 Net Portfolio Assets Supplementary Financial Information - GB Capital 1H21 FY21 1H22 (LE mn) Debt/Equity X Automotive 29% Equity Loan Portfolio % 13,842.2 14,340.1 16,104.8 2.98x 2.50x 2.43x 27.8% 32.7% 33.3% Real Estate 21% Annualized Return on Avg. Equity (ROAE) - Excluding NCI* % 19.0% 22.3% 22.2% Machinery & Equipment 2% Annualized ROAA [Annualized the period EBIT pre-funding costs after tax / average assets of period] % 13.9% 15.8% 17.9% Agriculture Equipment 13% SME Factoring 1% Annualized net interest margin (%) [(interest income - interest expense) for the last quarter X 4 / average portfolio size for the quarter] Provision for portfolio: % 18.0% 18.6% 18.5% Electrical Appliances 4% Provision (BS)/Loan portfolio % Provision (BS) / NPL % (Coverage ratio) Others 30% NPL/Loan portfolio % % % % 3.12% 2.13% 2.05% 120% 105% 83% 2.60% 2.02% 2.48% INVESTOR PRESENTATION | SECOND QUARTER 2022 24#25GB Capital Income Statement (Before Elimination) (LE million) Revenue Interest Income 2Q21 1Q22 2Q22 Q-o-Q Y-o-Y 1H21 1H22 Y-o-Y 1,000.6 862.7 1,225.3 42.0% 22.5% 1,940.9 2,088.0 7.6% 853.5 1,124.1 1,132.3 0.7% 32.7% 1,637.1 2,256.3 37.8% Total Revenues Cost of Sales 1,854.1 1,986.7 2,357.6 18.7% 27.2% 3,578.0 4,344.4 21.4% (923.8) (755.2) (718.7) -4.8% -22.2% (1,786.7) (1,473.9) -17.5% Cost of Funds (257.5) (299.3) (396.3) 32.4% 53.9% (497.5) (695.6) 39.8% Total Cost of Revenues (1,181.3) (1,054.5) (1,115.0) 5.7% -5.6% (2,284.1) (2,169.5) -5.0% Gross Profit 672.8 932.2 1,242.7 33.3% 84.7% 1,293.9 2,174.9 68.1% SG&A (366.2) (531.7) (601.3) 13.1% 64.2% (703.6) (1,133.0) 61.0% Provisions (31.8) (37.9) 0.5 (84.2) (37.4) -55.6% Operating Profit 274.8 362.6 641.9 77.0% 506.1 1,004.5 98.5% Other Income 11.8 7.8 23.9 24.1 31.7 31.3% Investment (Losses) / Gains (27.3) (3.2) -88.2% (1.3) (30.5) EBIT 286.6 343.1 662.6 93.1% 528.9 1,005.7 90.1% Other Interest & Similar Income 5.4 FOREX (2.7) 17.6 (12.9) (15.4) 8.2 2.2 -73.6% EBT 289.3 347.8 1.4 648.6 (11.5) 86.5% 537.1 996.3 85.5% Income Tax (83.4) (119.6) (160.5) 34.2% 92.5% (153.6) (280.1) 82.4% Profit After Tax & Before NCI 206.0 228.2 488.1 383.5 716.2 86.7% NCI (62.4) (106.2) (211.2) 98.8% (119.0) (317.5) Net Profit After Tax & NCI 143.6 121.9 276.9 92.8% 264.5 398.8 50.8% Breakdown of Revenue By Company GB Capital GB Lease 11.5 28.2 143.2 123.6 152.1 23.1% 6.2% 274.0 275.7 0.6% Drive 751.3 689.7 695.8 0.9% -7.4% 1,434.7 1,385.5 -3.4% MNT-Halan 918.2 1,139.8 1,473.5 29.3% 60.5% 1,781.1 2,613.3 46.7% GB Auto Rental 29.8 33.6 35.9 6.7% 20.3% 60.0 69.5 16.0% Capital Securitization 0.3 0.3 Total 1,854.1 1,986.7 2,357.6 18.7% 27.2% 3,578.0 4,344.4 21.4% INVESTOR PRESENTATION | SECOND QUARTER 2022 25#26IV. Consolidated Financial Performance#27GB Auto Segregated Income Statement GB Auto (LE million) Revenues Inter-segment revenues Total revenues Cost of sales Inter-segment cost of sales (Auto and Auto Related) GB Capital (Financing Business) 1H22 Elimination GB Auto Consolidation 11,352.1 4,323.7 15,675.8 593.5 20.6 (614.2) 11,945.7 4,344.4 (614.2) 15,675.8 (9,504.1) (2,161.0) (11,665.1) (593.5) (8.5) 602.0 Total Cost of Sales (10,097.6) (2,169.5) 602.0 (11,665.1) Gross Profit 1,848.1 2,174.9 (12.2) 4,010.8 General, selling and administrative expenses (918.9) (1,133.0) 1.1 (2,050.8) Other operating income 126.8 31.7 (2.3) 156.2 Provisions (Net) (14.0) (37.4) (51.4) Operating profit 1,041.9 1,036.2 (13.3) 2,064.7 Finance cost/income Investment losses FOREX Dividends Income Net profit/(loss) before tax (322.8) 2.2 12.4 (308.2) (30.5) (30.5) (213.1) (11.5) (224.6) 681.9 (681.9) 1,187.9 996.3 (682.8) 1,501.4 Income tax Net profit/(loss) after tax and before NCI NCI Net profit/(loss) after NCI (127.5) (280.1) (407.6) 1,060.4 716.2 (682.8) 1,093.9 (56.6) (317.5) (374.0) 1,003.9 398.8 (682.8) 719.9 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 | SECOND QUARTER 2022 27#28GB Auto Segregated Balance Sheet (LE million) Property Plant & Equipment Intangible Assets & Goodwill Asset Right of Use Payment Under Investment Investments in Subsidiaries Notes Receivable Other Debit Balance Subordinated loan Investments Property Deferred Tax Assets Non-Current Assets Inventories Trade Receivables GB Auto (Auto and Auto Related) 3,979.1 537.6 444.7 243.6 2.3 221.4 2.0 77.9 1,004.5 1,087.3 25.0 6,740.7 305.6 50.0 As at 30 June 2022 GB Capital (Financing Business) Elimination GB Auto Consolidation 14.8 4,531.4 447.1 (4.3) 460.8 79.9 (1,283.9) 807.9 (725.9) 6,039.8 305.6 50.0 90.9 90.9 188.1 2.9 191.1 5,977.9 9,025.9 (1,999.3) 13,004.5 4,619.0 207.3 4,826.3 1,703.2 8,770.1 (211.5) 10,261.9 Advance Payments to Suppliers 891.5 57.6 Debtors & Other Debit Balance 1,443.5 720.9 (70.6) 949.0 2,093.9 Due from Related Parties 135.8 73.1 209.0 Due from Related Parties - Inter-Segment 323.4 11.4 (334.7) Cash and Cash Equivalents 1,099.5 1,227.3 2,326.8 Current Assets Total Assets 10,216.0 11,067.6 (616.8) 20,666.8 16,193.9 20,093.5 (2,616.1) 33,671.3 Share Capital 1,094.0 1,000.0 (1,000.0) 1,094.0 Treasury Stock (8.5) (8.5) Payment Under Capital Increase 280.0 (280.0) General Reserve Legal Reserves Private Reserve Risk Reserve Accumulated Profit (Losses) 49.5 49.5 389.4 157.7 547.1 2,609.7 (121.5) 6.0 2,494.3 90.4 90.4 (1,401.5) 2,202.0 696.6 1,497.1 Net Income (Loss) for The Period 1,003.9 398.8 (682.8) 719.9 Total Shareholders' Equity Before Nci 3,966.9 3,776.9 (1,260.1) 6,843.7 Total Nci 562.8 1,583.9 (11.0) 2,135.8 Total Equity Trade Payables 4,529.8 5,360.8 (1,271.1) 8,619.5 4,726.9 860.4 (284.4) 5,302.9 Loans & Overdraft 5,135.2 8,393.3 13,528.5 Due to Related Parties Due to Related Parties - Inter-Segment Provision Other Current Liabilities Short term bond Total Current Liabilities Loans Provision Lease Obligation Trade and Notes Payables Deferred Tax Liabilities 110.2 12.1 122.3 29.9 304.8 (334.7) 241.3 44.5 285.8 1.1 266.5 267.7 355.0 355.0 10,244.6 10,236.7 (619.1) 19,862.1 3,952.2 3,952.2 9.8 9.8 274.1 132.6 406.6 844.4 30.8 (725.9) 149.3 291.3 40.0 331.3 Bonds Payable 340.5 340.5 Total Non-Current Liabilities Total Equity And Liabilities 1,419.6 16,193.9 4,496.0 (725.9) 5,189.8 20,093.5 (2,616.1) 33,671.3 28 INVESTOR PRESENTATION | SECOND QUARTER 2022 Historical GB Auto Group segregated financials can be downloaded at ir.ghabbourauto.com/fundamentals#29V. Key Corporate & Shareholder Information 11#30GB Auto's Shareholding Structure (%) GB 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 30 June 2022 0 GB Auto Stock Performance 140 120 100 86420 Ju Jan-22 Jan-22 Jan-22 Jan-22 Jan-22 Feb-22 Feb-22 Feb-22 Feb-22 Mar-22 Mar-22 Mar-22 Mar-22 Apr-22 Apr-22 Apr-22 Apr-22 May-22 Ghabbour Family 62.9% Free Float 37.1% May-22 May-22 May-22 May-22 Jun-22 Jun-22 Jun-22 Volume EGX Rebased GB Auto Rebased INVESTOR PRESENTATION | SECOND QUARTER 2022 Jun-22 Jul-22 Jul-22 Jul-22 Jul-22 Jul-22 Aug-22 Aug-22 Geographic Distribution of the Free Float (%) Egypt 57% Saudi Arabia 24% Rest of Europe 14% Rest of World 2% United States 2% United Kingdom 1% 35,000,000 30,000,000 DR Information DR Symbol CUSIP 25,000,000 20,000,000 DR Exchange 15,000,000 10,000,000 DR ISIN 5,000,000 0 Ratio Depositary Effective Date Underlying ISIN Underlying SEDOL :GBAXY : 368290102 : OTC : US3682901026 : 01:50 : BK (Sponsored) : 05/28/09 : EGS673T1C012 : B1Y9TD5 30#31Glossary 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 Tuscon. OTR Off-the-road. PCR Passenger Car Radial. TBR Truck and Bus Radial. 31 INVESTOR PRESENTATION | SECOND QUARTER 2022#32Thank you INVESTOR RELATIONS Mansour Kabbani Board of Directors Member Marina Kamal Investor Relations Senior Manager Sarah Maged Investor Relations Communications Manager Direct: +202 3910 0485 Fax: +202 3539 0139 E-mail: [email protected] ir.ghabbourauto.com Shareholder Information Reuters Code: AUTO.CA Bloomberg Code: AUTO.EY Number of Shares Outstanding 1,094,009,733