GB Auto Corporate Growth and Expansion Strategy slide image

GB Auto Corporate Growth and Expansion Strategy

AUTO Other GB Auto's other lines of business are contributing more to the top line, predominantly due to the success of newly operational ventures Tire Egypt . • Tires sales continue to perform well, with revenues up 43.6% in 9M10 year-on-year; with healthy gross margins of 18.0% In July 2010, Yokohoma representation became operational; sales have been constrained by FX pressures, but the new segment has seen wide acceptance in the market Current Product Range: LASSA Passenger car tires Light truck tries 16 GB Auto YOKOHAMA Passenger car tires Semi-truck tires Truck tires Bus Tires Financing Business مشروعي • • Mashroey Micropayments venture, which finances the purchase of two- and three-wheelers through GB Auto • In its first three months of operation: • Mashroey has been a strong sales driver and has already surpassed management projections with 16 branches year-to-date; on track to have around 20 branches by year-end • 2,069 loans for tuk-tuks and 63 motorcycles since it launched in April 2010; current monthly run rate of over 350 vehicle loans • GB Lease • Finance for commercial vehicle sales and corporate fleet sales • Total leased assets of EGP 134.4 million as at 30 • September 2010 • Zero non-performing loans at the end of 9M10 • GB Lease nonetheless continues to make provisions and focuses on the implementation of leading risk- management practices
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