Investor Presentaiton
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.
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BUSES
Buses revenues recorded a
32.8% y-o-y decline in 1Q20
on the back of a dip volumes
that were driven by
shortages in supply, which
began to resolve in April.
Bus volumes declined by
27.1% y-o-y. Management
anticipates that bus volumes
will see declines on the back
of the impacts that the Covid-
19 outbreak has on the
tourism sector on account of
travel restrictions.
•
TRUCKS
Truck revenues witnessed a
decline of 57.9% y-o-y in
1Q20. Management expects
truck volumes to be impacted
on the back of austerity in the
corporate sector, driven by
the challenging external
environment.
TRAILERS
Trailer revenues declined
43.2% y-o-y in 1Q20.
Management anticipates
trailer volumes to continue
being impacted until
pressures on the corporate
environment ease and
markets begin to settle.
CONSTRUCTION EQUIPMENT
Construction equipment
revenues witnessed an
increase of 124.8% y-o-y in
1Q20.
The LoB represents Volvo
construction equipment and
SDLG in the construction
equipment market, offering
sales and after sales services
for a variety of products.
TRACTORS
Forecasts see growth in the
long-term, fueled by an
ongoing drive for the
modernization of Egypt's
agricultural sector.
Management is anticipating
that tractor volumes will
improve going forward on the
back of GB Capital's capacity
to fund tractor sales.
INVESTOR PRESENTATION | FIRST QUARTER 2020
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