4Q20 Consolidated Financials Review · 2021. 3. 15. · 4Q20 EARNINGS RELEASE 2 4Q20 EARNINGS...

4Q20EARNINGS RELEASE 1

4Q20EARNINGS RELEASE

Key Highlights consolidated 4Q20 ● Revenues decreased by 12.4% Y-o-Y to EGP 216 million ● Costs were reduced by 9.3% to EGP 158.9 million● SG&A added 11.8% to EGP 41.6 million ● EBIT declined 54.7% to EGP 15.5 million ● Investment Income dropped 42.9% to EGP 1.7 million● Interest Income decreased 24% to EGP 4.2 million● Taxes shrank by 9.3% to EGP 6.4 million● Net Profits went down 59% to EGP 13.1 million

Egytrans [ETRS.CA; ETRS EY Equity] posts profits in spite of 12.4% Y-o-Y

decline in topline as COVID repercussions continue.

Management Note:

COVID-19 has had a profound impact on the transport and logistics industry, a sector that has been hit hard by the crisis. Over recent months, falling demand and contagion risk have caused a drastic reduction in transport services, with an unprecedented scale of restrictions all over the world. While we are encouraged by the recent trends, the outlook remains uncertain given the possibility of new lockdowns due to Covid-19 second wave and lack of progress made on trade wars. More on the impact and outlook of Covid on the sector is explained in the operational review and Outlook section of this release.

In this environment, Management would like to note that the presentation of interim findings in the release is a challenge especially since figures presented in terms of revenues stated Y-o-Y are out of context within the current framework of performance in the COVID-19 environment. Management believes that the most significant events in the reporting period for the company and their effects on the statement of financial position, financial performance and cash flows need to be the base determinants of performance.



4Q20 Consolidated Financials Review Revenues for 2020, reached EGP 216 million, representing a decrease of 12.4% Y-o-Y. As a result, net profits after taxes for the year declined by 59%, reaching EGP 13.1 million down from EGP 31.8 million, registering a net profit margin of 6% vis-a-vis a margin of 12.9% in 2019. This decline in Net Profits was diluted by our continued emphasis on cost and cash discipline, in addition to improved performance

in 2020 in core business areas such as Logistics & Land Transportation. Meanwhile group net operating profit margin showed strong decline from 13.9% recorded in 2019 reaching 7.2% in 2020 mainly as a result of the increase in SG&A/revenues ratio from 15.1% to 19.2% in addition to the increase in cost/revenues ratio from 71% in 2019 to 73.6% in 2020.



4Q20 Operational Review From a shift in global supply chains, shipping patterns, whiplash demand, to panic buying and extraordinary freight rates, 2020 has been one of the most complex years in the history of the industry.Over the past years the industry has undergone a series of disruptions related to trade in particular, and also rampant inflation and massive shifts in foreign exchange that were changing the cost competitiveness of our supply chain, with COVID representing the most difficult adverse event of all.

On an operational level, with the onset of the pandemic, Egytrans set forth a Business Continuity Plan that focused on operational aspects of the supply chain along with cost containment measures while safeguarding our employees. This foresight allowed Egytrans to navigate the year safely in an environment of cyclical performance as a result of loss of income due to border closures to whiplash effects of sudden rebound in container traffic leading to low capacity and sharp increases in prices.

Egytrans performance to some measure reflects recognizable global trends across different segments in the industry with loss in air freight and a contraction in project logistics as a result of the freeze of nearly all large infrastructure projects. This was offset by sporadic performance in sea freight and land transport. Q4 saw significant improvements as operations in Egypt began to resume and the introduction of a number of projects over the period, including the Lekela wind farm at West Bakr and transporting transformers destined for diverse power stations across the country most notably Toshka and Naga Hammadi. In addition, ETAL signed three contracts with El Gharably, Hassan Allam and Alex Steel Company to transfer beams to various bridge job sites.



Consolidated Financial StatementsSelected B/S Figures in EGPItem 2019 2020 GrowthNet Fixed Assets 130,910,039 123,743,926 -5.5%Accounts Receivable 56,705,688 70,510,057 24.3%Other Debtors 41,494,545 41,164,026 -0.8%Projects Under Construction 0 3,171,125 n/mCash 123,302,823 108,569,228 -11.9%Total Assets 363,852,863 356,260,886 -2.1%Accounts Payable 16,919,102 12,404,178 -26.7%Other Creditors 42,397,548 62,626,029 47.7%CPLTD 881,364 777,934 -11.7%LTD 893,137 168,593 -81.1%Total Liabilities 83,069,835 102,705,381 23.6%Total Shareholders' Equity 280,783,028 253,555,505 -9.7%

I/S Figures In EGP

Item 4Q19 4Q20 Change YoY

Revenues 32,122,513 66,630,833 107.4%Costs (25,132,996) (47,647,568) 89.6%Gross Profit 6,989,517 18,983,265 171.6%SG&A (8,040,132) (12,714,531) 58.1%EBIT (Net Operating Profit) (1,050,615) 6,268,734 n/aInvestment Income 0 0 0.0%Interest Income 2,016,537 1,176,016 -41.7%Interest Expense (39,335) (53,441) 35.9%FX Gain/Loss 7,188 420,644 5752.0%Sundry Expense (2,029,870) (6,296,898) 210.2%Sundry Income 1,943,764 1,198,484 -38.3%

Net Profit Before Taxes 847,669 2,713,539 220.1%

Taxes 954,194 (1,728,828) n/aNet Profit After Taxes 1,801,863 984,711 -45.4%Minority Interest (201) 55 -127.4%Net Profit After Taxes & Minority Interest 1,801,662 984,766 -45.3%

I/S Figures In EGP

Item 2019 2020 Change YoY

Revenues 246,778,717 216,065,096 -12.4%Costs (175,321,814) (158,990,994) -9.3%Gross Profit 71,456,903 57,074,102 -20.1%SG&A (37,182,570) (41,563,159) 11.8%EBIT (Net Operating Profit) 34,274,333 15,510,943 -54.7%Investment Income 2,893,907 1,653,251 -42.9%Interest Income 5,477,580 4,165,138 -24.0%Interest Expense (591,304) (189,501) -68.0%FX Gain/Loss (4,328,970) (291,597) -93.3%Sundry Expense (2,533,061) (6,749,094) 166.4%Sundry Income 3,637,018 5,314,215 46.1%

Net Profit Before Taxes 38,829,503 19,413,355 -50.0%

Taxes (7,000,339) (6,351,039) -9.3%Net Profit After Taxes 31,829,164 13,062,316 -59.0%Minority Interest (989) (852) -13.9%Net Profit After Taxes & Minority Interest 31,828,175 13,061,464 -59.0%

EPS 1.07 0.42 -60.9%

Consolidated revenues by affiliate

Egytrans87.9%

ETAL3.1% EDS

9.0%



Egytrans Separate Egytrans’ separate revenues reached EGP 189.8 million showing a decline of 14.5% Y-o-Y. In the meantime, costs improved by 7.9% to EGP 160.9 million while SG&A added 12.5% to EGP 36.6 million. As a result, net operating profit turned to loss by EGP 7.6 million in 2020 from EGP 14.8 million in 2019. Net profits after Taxes decreased 51% to EGP 13.9 million in 2020 vis-à-vis EGP 28.3 million a year ago, representing Net Profit Margins of 7.3% and 12.7% for both respective periods. Earnings per Share (EPS) reached EGP 0.30 for 2020 compared to 0.74 in 2019.

Selected B/S Figures in EGPItem 2019 2020 GrowthNet Fixed Assets 42,659,240 40,013,474 -6.2%Accounts Receivable 50,067,201 64,641,059 29.1%Other Debtors 39,610,534 38,978,239 -1.6%Cash 96,356,397 76,890,427 -20.2%Total Assets 311,992,692 304,223,503 -2.5%Accounts Payable 16,747,080 12,048,048 -28.1%Other Creditors 40,956,838 61,014,240 49.0%CPLTD 881,364 777,394 -11.8%LTD 893,137 168,593 -81.1%Total Liabilities 78,446,209 94,891,615 21.0%Total Shareholders' Equity 233,546,483 209,331,888 -10.4%

I/S Figures In EGP


Revenues 33,542,625 58,201,469 73.5%Costs (33,306,337) (49,352,717) 48.2%Gross Profit 236,288 8,848,752 3644.9%SG&A (7,303,829) (11,066,376) 51.5%EBIT (Net Operating Profit) (7,067,541) (2,217,624) -68.6%Investment Income 0 0 0.0%Interest Income 1,832,444 652,027 -64.4%Interest Expense (39,337) (53,441) 35.9%FX Gain/Loss 8,887 421,495 4642.8%Sundry Expense (2,214,209) (965,696) -56.4%Sundry Income 2,982,653 2,139,943 -28.3%

Net Profit Before Taxes (4,497,103) (23,296) -99.5%

Taxes 3,335,524 347,589 -89.6%Net Profit After Taxes (1,161,579) 324,293 n/a

I/S Figures In EGP


Revenues 222,054,513 189,840,288 -14.5%Costs (174,771,292) (160,878,901) -7.9%Gross Profit 47,283,221 28,961,387 -38.7%SG&A (32,509,489) (36,566,465) 12.5%EBIT (Net Operating Profit) 14,773,732 (7,605,078) -151.5%Investment Income 12,220,042 12,304,131 0.7%Interest Income 4,458,770 3,194,807 -28.3%Interest Expense (591,305) (189,501) -68.0%FX Gain/Loss (4,154,516) (334,328) 0.0%Sundry Expense (2,685,488) (1,390,438) -48.2%Sundry Income 6,779,442 8,915,259 31.5%

Net Profit Before Taxes 30,800,677 14,894,852 -51.6%

Taxes (2,523,328) (1,026,142) -59.3%Net Profit After Taxes 28,277,349 13,868,710 -51.0%EPS 0.74 0.30 -59.4%



I/S ComparisonItem (In EGP) 4Q19 3Q20 4Q20 QoQ YoY 2019 2020 YoYRevenues 33,542,625 41,838,793 58,201,469 39.1% 73.5% 222,054,513 189,840,288 -14.5%Costs (33,306,337) (37,782,428) (49,352,717) 30.6% 48.2% (174,771,292) (160,878,901) -7.9%Gross Profit 236,288 4,056,365 8,848,752 118.1% 3644.9% 47,283,221 28,961,387 -38.7%SG&A (7,303,829) (8,897,787) (11,066,376) 24.4% 51.5% (32,509,489) (36,566,465) 12.5%EBIT (7,067,541) (4,841,422) (2,217,624) -54.2% -68.6% 14,773,732 (7,605,078) -151.5%Investment Income 0 0 0 0.0% 0.0% 12,220,042 12,304,131 0.7%Interest Income 1,832,444 472,133 652,027 38.1% -64.4% 4,458,770 3,194,807 -28.3%Interest Expense (39,337) (51,702) (53,441) 3.4% 35.9% (591,305) (189,501) -68.0%FX Gain/Loss 8,887 (978,655) 421,495 n/a 4642.8% (4,154,516) (334,328) 0.0%Sundry Expense (2,214,209) (115,551) (965,696) 735.7% -56.4% (2,685,488) (1,390,438) -48.2%Sundry Income 2,982,653 4,131,893 2,139,943 -48.2% -28.3% 6,779,442 8,915,259 31.5%

Net Profit Before Taxes (4,497,103) (1,383,304) (23,296) -98.3% -99.5% 30,800,677 14,894,852 -51.6%

Taxes 3,335,524 492,367 347,589 -29.4% -89.6% (2,523,328) (1,026,142) -59.3%Net Profit After Taxes (1,161,579) (890,937) 324,293 n/a n/a 28,277,349 13,868,710 -51.0%



6.2%

24.5%

39.4%

3.1%

4.1%

22.8% Loading & Unloading

Logistics

Land Transportation

Extra Services

Storage

Others

8.5%

12.6%

16.5%

17.2%

19.5%

25.6%Loading & Unloading

Logistics

Land Transportation

Extra Services

Storage

Others

Revenues by line of business 2020

Revenues by line of business 2019

Revenues contribution & growth by line of business

Extra S

ervice

s

Land

Tran

sport

Storag

e

Others

Logis

tics

Load

ing &

Unlo

ading

-100%

-50%

0%

50%

100%

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

80,000,000

2019 2020 Change



ETAL ETAL is a market leader in the transport of exceptional cargo and heavy lifts. This market is highly complex due to the cyclical nature of the market and the technicality of the service in terms of dimensions, weights and stringent scheduling involved – requiring a high level of knowledge and expertise, experience and professionalism, flexibility and reliability, and organization and communication. Our overall projects business increased by 39.2% Y-o-Y, registering revenues of EGP 22.4 million in 2020 compared to EGP 16.1 million 2019. The market for large infrastructure projects has slowly began moving from the complete COVID induced halt with focus on fulfilling delayed projects. Meanwhile, net profits after taxes recorded a 53.4% drop Y-o-Y to EGP 1.8 million in 2020.

Selected B/S Figures in EGP


Net Fixed Assets 66,630,163 64,192,184 -3.7%Accounts Receivable 2,141,923 999,966 -53.3%Other Debtors 1,575,639 1,940,048 23.1%Cash 3,621,858 3,444,625 -4.9%Total Assets 88,186,119 89,402,722 1.4%Accounts Payable 83,220 261,815 214.6%Other Creditors 500,093 767,004 53.4%Total Liabilities 14,952,728 18,177,072 21.6%Total Shareholders' Equity 73,233,391 71,225,650 -2.7%

I/S Figures In EGP


Revenues 4,175,638 11,664,300 179.3%Costs (1,860,215) (6,760,899) 263.4%Gross Profit 2,315,423 4,903,401 111.8%SG&A (1,163,316) (1,607,250) 38.2%EBIT (Net Operating Profit) 1,152,107 3,296,151 186.1%Interest Income 88,911 59,127 -33.5%Interest Expense 790 0 -100.0%Sundry Income 0 0 0.0%Provisions & Sundry Expense 0 (2,289,147) n/mNet Profit Before Taxes 1,241,808 1,066,131 -14.1%Taxes (351,742) (517,951) 47.3%Net Profit After Taxes 890,066 548,180 -38.4%

I/S Figures In EGP


Revenues 16,110,888 22,423,964 39.2%Costs (7,606,638) (12,816,994) 68.5%Gross Profit 8,504,250 9,606,970 13.0%SG&A (4,483,147) (4,618,195) 3.0%EBIT (Net Operating Profit) 4,021,103 4,988,775 24.1%Interest Income 687,763 281,859 -59.0%Interest Expense (30,072) 0 n/aSundry Income 230,656 965 -99.6%Provisions & Sundry Expense 0 (2,289,147) n/mNet Profit Before Taxes 4,909,450 2,982,452 -39.3%Taxes (1,146,789) (1,227,532) 7.0%Net Profit After Taxes 3,762,661 1,754,920 -53.4%EPS 0.05 0.02 -57.6%



I/S ComparisonItem (In EGP) 4Q19 3Q20 4Q20 QoQ YoY 2019 2020 YoYRevenues 4,175,638 3,194,000 11,664,300 265.2% 179.3% 16,110,888 22,423,964 39.2%Costs (1,860,215) (1,957,444) (6,760,899) 245.4% 263.4% (7,606,638) (12,816,994) 68.5%Gross Profit 2,315,423 1,236,556 4,903,401 296.5% 111.8% 8,504,250 9,606,970 13.0%SG&A (1,163,316) (950,331) (1,607,250) 69.1% 38.2% (4,483,147) (4,618,195) 3.0%EBIT 1,152,107 286,225 3,296,151 1051.6% 186.1% 4,021,103 4,988,775 24.1%Interest Income 88,911 68,405 59,127 -13.6% -33.5% 687,763 281,859 -59.0%Interest Expense 790 0 0 0.0% 0.0% (30,072) 0 0.0%Sundry Income 0 0 0 0.0% 0.0% 230,656 965 -99.6%Provisions & Sundry Expense 0 0 (2,289,147) 0.0% n/m 0 (2,289,147) n/mNet Profit Before Taxes 1,241,808 354,630 1,066,131 200.6% -14.1% 4,909,450 2,982,452 -39.3%Taxes (351,742) (245,034) (517,951) 111.4% 47.3% (1,146,789) (1,227,532) 7.0%Net Profit After Taxes 890,066 109,596 548,180 400.2% -38.4% 3,762,661 1,754,920 -53.4%

ETAL



EDS Our ISO Tank Depot solutions business leads the market with 70% market share and continues to provide unique service and expertise to our customers. EDS recorded a mere 0.4% increase in its 2020 net profits after taxes to USD 0.564 million vis-a-vis USD 0.562 million in 2019. On the top level, revenues recorded an increase 22.9% to USD 1.4 million as opposed to USD 1.2 million in 2019.

Selected B/S Figures in USD


Net Fixed Assets 1,352,981 1,246,063 -7.9%Accounts Receivable 281,387 310,525 10.4%Cash 1,459,610 1,800,649 23.4%Total Assets 3,157,742 3,436,709 8.8%Other Creditors 60,283 55,840 -7.4%

Leasing CPLTD 0 0 0.0%

Leasing LTD 0 0 0.0%Total Liabilities 250,472 527,442 110.6%Total Shareholders' Equity 2,907,270 2,909,267 0.1%

I/S Figures in USD


Revenues 339,594 400,925 18.1%Costs (72,476) (69,940) -3.5%Gross Profit 267,118 330,985 23.9%SG&A (45,317) (50,720) 11.9%EBIT (Net Operating Profit) 221,801 280,265 26.4%Interest Income 5,727 26,804 368.0%Interest Expense 1,385 2,202 n/aFX Gain/Loss - Others (3,191) (225,622) n/mNet Profit Before Taxes 228,913 309,271 35.1%Taxes (120,565) (69,053) -42.7%Net Profit After Taxes 108,348 240,218 121.7%

I/S Figures in USD


Revenues 1,173,948 1,443,065 22.9%Costs (247,310) (274,035) 10.8%Gross Profit 926,638 1,169,030 26.2%SG&A (175,849) (193,835) 10.2%EBIT (Net Operating Profit) 750,789 975,195 29.9%Interest Income 19,577 43,672 123.1%Interest Expense 0 0 0.0%FX Gain/Loss - Others (11,521) (225,622) 1858.4%Net Profit Before Taxes 758,845 793,245 4.5%Taxes (196,938) (229,337) 16.5%Net Profit After Taxes 561,907 563,908 0.4%EPS 2.3 2.3 0.4%



I/S Comparison in USDItem (In USD) 4Q19 3Q20 4Q20 QoQ YoY 2019 2020 YoYRevenues 339,594 399,775 400,925 0.3% 18.1% 1,173,948 1,443,065 22.9%Costs (72,476) (75,695) (69,940) -7.6% -3.5% (247,310) (274,035) 10.8%Gross Profit 267,118 324,080 330,985 2.1% 23.9% 926,638 1,169,030 26.2%SG&A (45,317) (52,879) (50,720) -4.1% 11.9% (175,849) (193,835) 10.2%EBIT 221,801 271,201 280,265 3.3% 26.4% 750,789 975,195 29.9%Interest Income 5,727 3,976 26,804 574.1% 368.0% 19,577 43,672 123.1%Interest Expense 1,385 (919) 2,202 n/a 59.0% 0 0 0.0%FX Gain/Loss - Others (3,191) 0 (225,622) n/m 6970.6% (11,521) (225,622) 1858.4%Net Profit Before Taxes 228,913 274,258 309,271 12.8% 35.1% 758,845 793,245 4.5%Taxes (120,565) (61,478) (69,053) 12.3% -42.7% (196,938) (229,337) 16.5%Net Profit After Taxes 108,348 212,780 240,218 12.9% 121.7% 561,907 563,908 0.4%

EDS



ETRS EGX30 - rebasedEGX70 - rebased EGX100 - rebased

456789

1011121314

Egytrans SharePerformance 2020

Egytrans Share Data 2020

Month Volume Turnover Last Average Month High

Month Low

% Change MoM YTD % Buy Volume Sell Volume Net Mkt. Cap % Change

Jan-20 2,320,890 17,717,395 7.60 7.73 8.10 6.40 6.59% 6.44% 1,409,376 911,514 Buyer 237,215,000 6.44%Feb-20 2,380,129 19,896,700 8.00 8.09 9.25 7.83 3.49% 12.04% 1,354,112 1,026,017 Buyer 249,700,000 5.26%Mar-20 539,814 3,559,394 6.84 6.87 7.99 4.75 -15.45% -4.20% 222,319 317,495 Seller 213,493,500 -14.50%Apr-20 1,820,773 14,229,598 7.00 7.09 8.40 6.70 1.89% -1.96% 1,020,075 800,698 Buyer 218,487,500 2.34%May-20 553,823 3,678,696 6.80 6.83 6.92 6.60 -4.09% -4.76% 208,563 345,260 Seller 212,245,000 -2.86%Jun-20 3,226,697 23,762,069 7.57 7.71 7.84 7.50 10.83% 6.02% 1,698,023 1,528,674 Buyer 236,278,625 11.32%Jul-20 1,603,539 11,884,127 7.17 7.18 7.97 6.60 -7.00% 0.42% 649,128 954,411 Seller 223,793,625 -5.28%Aug-20 2,649,730 21,944,447 8.67 8.88 9.09 7.19 20.75% 21.43% 1,677,801 971,929 Buyer 270,612,375 20.92%Sep-20 3,612,890 34,149,984 10.42 10.62 11.64 8.15 17.34% 45.94% 1,671,713 1,941,177 Seller 325,234,250 20.18%Oct-20 889,709 9,168,583 10.67 10.48 11.00 9.10 -1.32% 49.44% 400,255 489,454 Seller 333,037,375 2.40%Nov-20 784,243 8,547,750 10.60 10.60 11.60 9.65 1.15% 48.46% 507,589 276,654 Buyer 330,852,500 -0.66%Dec-20 226,543 2,291,175 10.40 10.28 10.90 9.02 -3.02% 45.66% 108,489 118,054 Seller 324,610,000 -1.89%

Total 20,608,780 170,829,918 10,927,443 9,681,337 Buyer



Volume TurnoverNo. of Shares EGP

0

500000

1000000

1500000

2000000

2500000

3000000

3500000

4000000

0

5000000

10000000

15000000

20000000

25000000

30000000

35000000

40000000

Egytrans ShareTrading Data 2020

Egytrans Shareholders' Structure 2020



Future Outlook Our outlook for 2021 remains conservative for a number of reasons. Uncertainty remains as countries continue to be in lockdown with full vaccination not expected before 2022. This coupled with the expected economic recession predicted by the IMF will deliver a second hit to demand thus highlighting logistics’ exposure to trade, manufacturing, and demand for goods. On the upside, this is offset by an improved operating environment in Egypt since Q4 2020, with the resumption of infrastructure projects and the reopening of manufacturing, resulting in increased demand on forwarding and warehousing as companies resume operations. Nevertheless, we continue to remain cautious in our estimates as part of our risk management strategy.

Our plans for 2021 align with the current realities with a view to ensuring business continuity while planning ahead for the future. It is expected that, according to reports, full recovery for Egypt will be by Q3-2021 with partial recovery by 2Q21. Moreover, the pandemic has fundamentally changed the way business is operating and moving and our role within this environment. The forthcoming period will therefore be one of restructuring as we seek to adjust our operational capability to align with new market realities and capture potential

opportunities in the market. As such our priorities will be to continue streamlining our operations and inject new investments with a focus on generating growth and synergies based on a group structure with multiple brands, contributing to generating new potential and sustainable income and profits. Going forward Egytrans will deliver best in class transport and logistics services with a strategy that rests on three pillars of Grow, Deliver and Simplify for long-term profitable growth.

It is important to remember the outlook for the prospects of the logistics and transport sector without factoring in COVID. Logistics is still a business with immense potential. Looking forward logistics and transport is expected to take on a much larger role than before speared on by economic growth and changes in business operations. Egypt, specifically, is evolving as one of the major trading countries thereby creating a wide range of opportunities for logistics service providers. Moreover, in a geopolitical context, the government aims to make the country a production and distribution hub to serve Europe and the Middle East & Africa with particular focus on expansion into Africa as part of the regional African Trade Agreement.



Egytrans Investor Relations

Contact Information Name: Sherif HelmyTelephone: +20 1015172111Email: [email protected]: ir.egytrans.com

About Egyptian Transport and Commercial Services Company (Egytrans): The Egyptian Transport and Commercial Services Company (Egytrans) is a leading integrated transport and logistics company with a comprehensive portfolio of services in Egypt. With experience dating back to 1939, the company was established in 197 under the name Egytrans. It has since developed a number of subsidiary and affiliate brands consisting of Egytrans Depot Solutions (EDS), Egyptian Transportation & Logistics S.A.E. (ETAL), Wilhelmsen Ships Service Egypt and Scan Arabia. Working across 9 branches in Egypt, the mission of Egytrans is to make integrated transport easy, safe and cost-effective. Egytrans enables and facilitates global and national supply chains through its extensive range of services including Sea Freight, Air Freight, Land Transport, Customs Clearance, Project Logistics, Exhibitions, and Storage. Egytrans employs around 350 employees across its operations in Egypt and is publicly traded on the Egyptian Stock Exchange (EGX) as [ETRS.CA] for Reuters and [ETRS EY Equity] for Bloomberg. For more information please visit: ir.egytrans.com

Forward Looking Statements

Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Egytrans. 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 Egytrans may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of Egytrans is subject to risks and uncertainties. Various factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including worldwide economic trends, the economic and political climate of Egypt, the Middle East and changes in business strategy and various other factors.

4Q20 Consolidated Financials Review · 2021. 3. 15. · 4Q20 EARNINGS RELEASE 2 4Q20 EARNINGS...

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