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 practicesView entire presentation