GB Auto Corporate Growth and Expansion Strategy slide image

GB Auto Corporate Growth and Expansion Strategy

AUTO We promised... and we delivered Expand After-Sales Capacity Opened new service center in Hurghada (Industrial Zone) with capacity of 22 working bays in October 2010 āœ“ A total of 6 more after-sales service centers currently under construction across Egypt Deepen Management Team and Institutionalization Currently implementing new business processes resulting from institutionalization plan Created an organization structure that will support the business for years to come Restructured senior management to include C-Suite and Business Directors Recruitment efforts include an Excellence Program to attract high caliber graduates Pursue New Representations Resumed exclusive representation of Mazda Obtained rights to import and distribute Yokohama-brand tires Harness Consumer Credit Growth Formed Mashroey, a microfinance venture extending credit to purchasers of 3-wheelers Explore New Sources of Financing Target 25% of the National Taxi Replacement Program In 2009, GB Auto refined its financing mix by working with international institutions In March 2010, issued EGP 1 billion public bond Recorded 37.6% market share in the first phase of the taxi replacement program Recorded 64.0% market share at start of second phase of the taxi replacement program Penetrate New Markets 21 21 GB Auto Formed GK-Auto, a JV with exclusive distributorship rights for Hyundai products in Iraq
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