Investor Presentaiton
GB Auto & Auto Related Income Statement
(LE million)
Revenues
Inter-Segment Revenues
Total Revenues
Cost of Sales
Inter-Segment Cost of Sales
Total Cost of Sales
Gross Profit
1Q19
4,746.9
201.3
1Q20
4,497.7
246.4
% Change
-5.2%
22.4%
4,948.2
4,744.1
-4.1%
(4,204.6)
(3,896.5)
-7.3%
(201.3)
(246.4)
22.4%
(4,405.9)
(4,142.9)
-6.0%
542.3
601.2
10.9%
Gross Profit Margin
10.4%
12.7%
2.2
General, Selling & Administrative Expenses
(350.0)
(353.7)
1.1%
Other Operating Income
28.8
21.5
-25.4%
Provisions (Net)
2.5
(2.1)
Operating profit
223.6
266.9
19.4%
Finance Cost / Income
FOREX
Net Profit/ (Loss) Before Tax
Income Tax
Net Profit/ (Loss) After Tax And Before NCI
NCI
Net Profit/(Loss) After NCI
Depreciation
EBITDA
EBITDA Margin
The finance costs includes leasing expenses of LE (41.9) million for 1Q20
(352.5)
(256.1)
-27.4%
36.5
19.5
-46.7%
(92.4)
30.4
22.1
(9.4)
(70.4)
21.0
(22.7)
(26.1)
14.9%
(93.1)
(5.2)
-94.5%
51.6
60.1
16.5%
275.2
327.1
18.9%
6.9%
1.3
5.6%
GB Auto & Auto Related Key Working Capital Components
(LE million)
1Q19
2Q19
3Q19
4Q19
1Q20
Inventory
Receivables
4,956.9
2,372.4
4,530.2
2,337.6
3,428.3
3,719.5
2,071.2
1,730.9
Advances
Debtors & Other Debit Balances
Payables (Net)*
Working Capital
582.9
426.4
357.1
452.1
749.5
734.2
1,105.4
708.7
3,273.3
5,388.6
2,448.8
5,579.6
2,549.2
2,478.2
4,412.8
4,133.0
3,586.2
1,675.6
545.8
567.1
2,723.3
3,651.4
Payables are shown net of operating lease-related liabilities amounting to LE 990.6 million, which are now added to our Net Debt calculations. Due to a change in Egyptian Accounting Standards, the related leased assets have been
recorded on the balance sheet under PP&E, while the liabilities have been booked under Payables starting from 2019 onwards..
INVESTOR PRESENTATION | FIRST QUARTER 2020
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