GB Auto Corporate Growth and Expansion Strategy
AUTO
Going forward, continued growth is expected as GK-Auto and Mazda Egypt operations
mature, supported by Hyundai Egypt's market dominance.
PC
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GB Auto
Egypt
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Roll-out of 8 new service centers is planned for 2010 and 2011, tripling the
total number of bays
GB Auto is exploring the opportunity to partner with a global car manufacturer to
assemble an entry level car in Egypt, with the right to distribute in Egypt, the
Middle East, Africa, and parts of Europe
• Currently confirming price-positioning of Mazda in the market to create solid
platform for growth in 2011
Iraq
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Based on automotive penetration rates and GDP growth in Iraq, current sales of
c.2,500 units per month represent the "tip of the iceberg”
Burgeoning of Iraq passenger car operations as GB Auto continues to successfully
phase-out parallel imports thereby dominating its market segment, and potentially
earning a market share greater than that in Egypt
Margin improvement as operations evolve from the "start-up” phase, and
parallel imports are phased out
• Cost-efficient investment in an after-sales network is planned covering North
Iraq in Irbil (currently under construction), South Iraq in Basra (planning phase)
and Central Iraq in Baghdad (site location and selection)View entire presentation