Investor Presentation | Second Quarter 2022
Egypt 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
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