Investor Presentaiton slide image

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. +8 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 15
View entire presentation