Investor Presentation 3Q23
Corp
°
REGIONAL
GB Auto was able to position MG as the leading Chinese car brand in Iraq with the Company on track to achieve record
sales of more than 10,000 units during the year.
Regional Operations
Regional revenue increased 83.8% y-o-y to reach EGP 2,149.4 million in
3Q23. On a YTD basis, regional revenue grew 47.2% to reach EGP 4,938.5
million.
Passenger Cars in Iraq
Iraq
Passenger Cars
Volumes grew by 28.8% q-o-q and 142.2% y-o-y to reach 3,616 units in
3Q23 as the company is on track to achieve record sales of more than
10,000 units during the years. As such, revenues increased by 28.4% q-o-
q and 279.9% y-o-y in 3Q23.
Two- and Three-Wheelers
Total
Regions
Revenue
Two and Three Wheelers revenues increased 16.2% q-o-q but declined
45.8% y-o-y in 3Q23. Management is cognizant of the latest regulatory
development regarding the ban on importing two and three-wheelers
and has already started identifying adequate plans for the future of the
company with developments expected to materialize by the beginning of
the next year.
3Q22 2Q23 3Q23 Q-0-Q Y-o-Y 9M22 9M23 Y-o-Y
(EGP million) 1,169.5 1,733.4 2,149.4 24.0% 83.8% 3,354.6 4,938.5 47.2%
Two & Three-Wheelers in Iraq
BAJAJ
Motorcycles
Three-Wheelers
GB Corp | Investor Presentation 3Q23
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