Date of Listing

Number of Shares Outstanding

Reuters Code: GBCO.CA

9 July 2007

1,085,500,000

Bloomberg Code: GBCO.EY

4Q 2023 - INVESTOR FACT SHEET

GB Corp is a leading automotive company in the Middle East and non-bank financial services provider in Egypt. The company operates under two distinct segments: GB Auto, which operates the core automotive business and encompasses six primarly lines of business across Egypt and Iraq, and GB Capital, which oversees the operations of the Group's non-bank financial service providers.

GB Auto

GB Corp

GB Capital

Egypt

Egypt Motorcycles &

GB Lease &

MNT-Halan

Passenger Cars

Three Wheelers

Factoring

Egypt

Drive

GB Auto Rental

Commercial Vehicles &

Egypt Tires

Construction Equipment

Kaf

Bedaya

Egypt After-Sales

Regional

Kredit

Forsa

GB Corp Stock Performance

Shareholding Structure

200.0

50,000,000

(As at 31 December 2023)

150.0

40,000,000

30,000,000

36.6%

100.0

20,000,000

63.4%

50.0

10,000,000

0.0

0

Jan-23Feb-23Mar-23Apr-23May-23Jun-23

Jul-23Aug-23

Sep-23Oct-23

Nov-23Dec-23

Volume

GB Corp Rebased

EGX30 Rebased

Ghabbour Family

Free Float

Income Statement Snapshot

Three Months Ended

Full Year Ended

(EGP million)

4Q22

4Q23

% Change

FY22

FY23

% Change

Total Sales Revenues

6,901.5

8,794.8

27.4%

29,789.1

28,317.2

-4.9%

Total Gross Profit

2,004.0

2,555.6

27.5%

8,113.0

6,884.5

-15.1%

Operating Profit

1,057.8

1,625.8

53.7%

4,285.9

3,977.0

-7.2%

EBIT

9,207.2

1,848.9

-79.9%

12,263.4

4,769.7

-61.1%

Earnings Before Tax

8,988.2

611.0

-93.2%

11,300.4

2,304.7

-79.6%

Net Income / Loss

8,714.4

620.1

-92.9%

9,985.0

1,890.8

-81.1%

Balance Sheet Snapshot

As at 31 December 2023

Regional Footprint

(EGP million)

31-Dec-22

31-Dec-23

% Change

Total Current Assets

15,444.3

19,113.6

23.8%

Total Long-Term Assets

19,175.6

23,471.9

22.4%

Total Assets

34,619.9

42,585.5

23.0%

Total Current Liabilities

12,868.6

15,620.4

21.4%

Total Long-Term Liabilities

4,290.5

5,763.2

34.3%

Non-Controlling Interest

728.2

1,363.0

87.2%

Total Shareholder's Equity

17,460.8

21,201.8

21.4%

TotalLiabilitiesandShareholder'sEquity

34,619.9

42,585.4

23.0%

SHARES COVERED BY

Beltone Financial | CI Capital | EFG Hermes l HC Securities | HSBC | Naeem Holding |

Pharos Holding | Sigma Capital

GB Auto

Egypt Passenger Cars

4Q23 Group Revenue

36.1%

Contribution

  • Assembly and distribution of imported completely-knocked-down (CKD) kits with a production capacity of around 80,000 units per year
  • Distribution of imported completely-built-up (CBU) vehicles
  • Financing options provided through Drive
  • Brands: Hyundai, Chery, Mazda, Changan, Haval

Egypt Commercial Vehicles

4Q23 Group Revenue

6.6%

& Construction Equipment

Contribution

  • Assembly and distribution of trucks
  • Bus-bodymanufacturing; distribution, and export of buses
  • Manufacturing and distribution of superstructures and trailers
  • Distribution of earth-moving equipment, road machinery, and power generators
  • Brands: Mitsubishi Fuso, Volvo Trucks and Buses, Volvo Construction Equipment, Eicher, YTO, Higer, Ashok Leyland, SDLG, UD Trucks and Shacman Trucks

Egypt Tires

4Q23 Group Revenue

6.1%

Contribution

  • Distribution of passenger car, van, truck, construction equipment and bus tires
  • Brands: Yokohama, Lassa, Westlake, Double Coin, Verde, Techking, Goodyear, Thunderer, MRF and Sunfull

Egypt Motorcycles &

4Q23 Group Revenue

2.4%

Three-Wheelers

Contribution

  • Assembly and distribution of motorcycles and manufacturing of components at the Badr Facility
  • Financing options provided through Mashroey
  • Brands: Bajaj

Egypt After-Sales

4Q23 Group Revenue

8.1%

Contribution

  • After-salesservices and distribution of spare parts for passenger cars, motorcycles & three-wheelers, and CV&CE equipment
  • The largest cross-country network of its kind
  • Constant and ongoing expansion of network and service center capacities

Regional

16.9%

4Q23 Group Revenue

Contribution

  • Distribution of imported completely-built-up (CBU) passenger car units in Iraq (MG) with after-sales services
  • Distribution of Bajaj motorcycles & three-wheelers in Iraq and after-sales services
  • Market: Iraq
  • Brands: MG and Bajaj

Startups

4Q23 Group Revenue

7.0%

Contribution

  • PAL distributes lubricant products at GB Auto branded and third-party points of sale in Egypt under an exclusive strategic alliance with Gazprom Neft Lubricants
  • Fabrika is GB Auto's pre-owned vehicle division that offers consumers a wide variety of used cars from all manufacturers, as well as trade-in offers at GB Auto showrooms
  • El Mikaneeky is a trusted professional car servicing company that provides affordable solutions to the entire car market
  • GB Ventures is an entity that combines the automotive and financial know-how of GB Auto with the goal to empower Egyptian startups
  • GB Logistics is an Integrated Service Provider (ISP) that specializes in the delivery of high-quality logistics services to customers in Egypt and worldwide. GB Logistics provides excellent full-service logistic solutions that add value to its appreciated partners vehicles
  • Transport Vehicles Distribution (TVD) is a commercial vehicle distribution company established in partnership with El Ghalban Auto Market Group to distribute JMC and Foton branded vehicles
  • Market: Egypt
  • Companies: PAL, Fabrika, TVD, GB Logistics, El Mikaneeky, GB Ventures

GB Capital (Financing Businesses)

4Q23 Group Revenue

16.8%

Contribution

  • GB Capital oversees the operations of the group's six non-bank financial service providers, offering financing in all segments of the market
  • GB Lease & Factoring provides business-to-business financial leasing services to a wide range of companies, covering all asset classes
  • MNT-Halanis Egypt's largest and fastest growing non-bank lender to the unbanked, digitizing traditional banking and cash-based markets through tech and data driven solutions
  • Drive provides factoring services to a diversified client base, ranging from business-to-business (SMEs) to business-to-consumer (retail), with a focus on the auto finance sector. Drive has also rolled out its digital consumer finance app "Forsa"
  • GB Auto Rental offers car rental services on a quasi-operational lease basis to companies in the market
  • Bedaya is a mortgage finance venture offering long-term and competitive mortgages for new move-in homes
  • Kaf is a life insurance company that was acquired along with EFG Hermes to capitalize on the growing demand for insurance offerings in Egypt.
  • Kredit is a SME lending company which provides financing services to Egyptian small and medium enterprises (SMEs). It also provides exceptional lending and mentoring services, facilitating SMEs' access to financial support, and fostering their growth.
  • Market: Egypt

Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of GB Corp. Such statements involve known and unknown risks, uncertainties and other factors; undue reliance should not be placed thereon. Certain information contained herein constitutes "targets" or "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "should," "expect," "anticipate," "project," "estimate," "intend," "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of GB Auto may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of GB Auto is subject to risks and uncertainties.

Mansour Kabbani

Mohamed Younis

Marina Kamal

Sarah Maged

Direct: +20 (0)2 3910 0485

ir.gb-corporation.com

Board of Directors

Chief Investment

Investor Relations

Investor Relations

Fax: +20 (0)2 3539 0139

E-mail:ir@gb-corporation.com

Member

Officer

AVP

Communications Manager

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Disclaimer

GB Auto SAE published this content on 18 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2024 08:44:04 UTC.