Investor Presentation | Second Quarter 2022
Regional Operations
GB Auto was able to position MG as the leading Chinese car brand in Iraq, with a market share
of 7.3% and is optimistic it will be able to further expand its market share and continue to
position MG as a leading brand in the region.
Regional Operations
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Regional revenues increased by 11.9% q-o-q and by 48.3% y-o-y to LE 1,153.8 million
in 2Q22 on the back of growing PC and 2&3W sales during the period despite a
challenging operating environment in Iraq.
Passenger Cars in Iraq
Iraq
Passenger Cars
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PC volumes increased by 14.8% q-o-q and 63.5% y-o-y in 2Q22. Consequently, PC
revenues increased by 28.4% q-o-q and 113.6% y-o-y during the period.
Two- and Three-Wheelers
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While three-wheeler volumes fell 74.6% q-o-q, motorcycle volumes grew 152.0% q-o-
q in 2Q22. Consequently, 2&3W revenues were up a marginal 1.4% q-o-q in 2Q22 to
record LE 639.6 million for the quarter.
In year-on-year, 2&3W volumes decreased 18.0% y-o-y; however, revenues were up
19.0% y-o-y due to improved pricing.
Two & Three-Wheelers in Iraq
Regional Performance
2Q21 1Q22 2Q22 Q-0-Q Y-o-Y 1H21 1H22 Y-o-Y
Total
Regions
(LE million) 778.2 1,031.3 1,153.8 11.9% 48.3% 1,412.8 2,185.1 54.7%
Revenues
INVESTOR PRESENTATION | SECOND QUARTER 2022
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BAJAJ
Motorcycles
Three-Wheelers
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