BERTRAND MALLET - Inchcape

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Market OverviewRomaniaDistributionRetailExclusive importer for Toyota and Lexus1 Inchcape owned 3S facility including 2 showrooms (Toyota, Lexus) inBucharestMarket share 2.5%NetworkStaffBulgariaDistributionRetailLeading retail network covering all the country with 20 3S facilities64 in Distribution, 76 in RetailExclusive importer for Toyota and Lexus2 Inchcape owned 3S facility covering Sofia areaMarket share Market leadership since 2007 (10% market share in 2010)NetworkStaffLeading retail network in the country with 12 3S facilities35 in Distribution, 182 in RetailFYROM (Macedonia)DistributionExclusive importer for Toyota and LexusRetailMarket shareNetworkStaff1 Inchcape operated 3S facility in Skopje6% on total market2 3S dealerships and 4 secondary outlets33 in RetailInchcape has established a strong presence in the Balkans since the mid-90s, with bothDistribution and Retail activities
Romania Commercial OverviewLarge countrywith highpopulation21.4m people, 240,000sq kmEmergingeconomyStrong economic growth since early 2000s with GDP percapita CAGR of 30.1% 2003 – 2007 but economycontracted in 2009 by 20.1%. GDP in local currencydeclined by 3.2% in 2009Strong austeritymeasures takenSalary cut in public sector and social paymentsLay-offs in public sector.Increase in VAT from 19% to 24%Expense of governmental institutions cut2003-07 2008-09 2010-15Continuedsupport from IMFAgreement for new 24-month precautionary stand-byarrangement (Euro 3.6bn)GDP growth(CAGR)30.1% (20.1)% 9.5%RecoveryexpectedFuture growthenginesBroadly flat in 2011 with recovery expected in 2012Economic growth to be fuelled by infrastructuredevelopment (with support of EU funds), direct foreigninvestments, strong industrial output and privateconsumptionPopulation(CAGR)(0.2)% (0.2)% (0.2)%Inflation 14.1% -6.5% 6.3%-4.7% 7.8%-2.9%Romania has been impacted by the downturn but is expected to recover graduallySource: IMF
Page 4 and 5: Romania Automotive OverviewLarge co
Page 6 and 7: Bulgaria Commercial OverviewSmaller
Page 8 and 9: Bulgaria - Total Industry Volume 20
Page 10 and 11: Our top 5 PrioritiesGrowingmarketsh
Page 12 and 13: Operational focus on our top 5 prio
Page 14 and 15: Ethiopian Market
Page 16 and 17: Ethiopia Commercial OverviewA very
Page 22 and 23: South American Market
Page 24 and 25: Chile Commercial OverviewRich count
Page 26 and 27: Chile - Total Industry Volume 2008
Page 28 and 29: Peru Automotive OverviewStrong grow

BERTRAND MALLET - Inchcape

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