EZZ STEEL Virtually a steel monopolist in Egypt since 1999.
EZZ STEEL (ES) became the largest player in the domestic market with respective shares of 65% & 60% of rebars & flat steel local sales during 9M08. Currently, ES owns 90.73% of Ezz Steel Mills (ESM); 75.15% of EFS and 53.24% of EDZK.
EZZ STEEL stands out as lowly rated and growing quickly. The catalyst is the construction volumes as it controls its margins.
EZZ STEEL cheaper than foreign competition. Benefits from any rally in commodity prices, and more fundamentally from the continued (non-housing) construction investment we think will continue in Egypt.
13.2 368 325 230 Exports of natural gas and its derivatives ( Uss mn) - 0.2 58.1 58.3 5720 Electricity consumption as % of natural gas consumption -1.3 2660 2696 2424 Domestic consumption of natural gas (000 tones) -2.2 3766 3850 3490 Natural gas production (00 tone) Monthly change rate (%) Sep. 2008 Aug. 2008 Sep. 2007 Item
To sustain our position as the leading steel producer in the Middle East region and to remain a global player in the international steel trade, with a brand name that is synonymous with quality and reliability.
Egypt has introduced to humanity the oldest political system. Along the banks of the River Nile, there arose the most ancient unified government which built the greatest civilization in the world. Over ages, the bases of the Egyptian political system were deeply entrenched.
Egypt's population until May 1, 2008 reached 78.7 million according to final results of this year's census as announced Thursday by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Of the population 37.2 million are males, up 22.6 percent from the 30.4 million in 1996, and 35.6 million are females which is 22.9 percent more from their count in 1996 that was estimated at 29 million.
High rates of population growth has lead to a greater demand for utilities and service
0.8 2621 2600 2278 Companies in the field of Information and communications Technology (ICT) (company) 10.4 27077 24522 14556 Internet international connection capacity (million bit/second) 5.5 11.69 11.08 10.02 Internet users (million) 1.2 38.00 37.62 26.40 Mobile phones subscribers (millions) 0.2 11.42 11.40 11.03 Land line telephones subscribers (millions) Monthly change rate (%) Sep. 2008 Aug. 2008 Sep. 2007 Item
Corporate Value Chain Analysis Supplier Value Chains Firm Value Chain Channel Value Chains Buyer Value Chains Firm Infrastructure Human Resource Management Technology & Product Development Purchasing & Inbound Logistics Production Distribution Marketing & Sales Service MARGIN
With EZZ Steel Components, customers can avoid capital investment and move away from non-value-added primary operations. Instead, they can rely on EZZ to perform the initial operations, and receive components at any value-added level.
Through EZZ supply chain system, they provide cost-effective raw material for planetary gear sets, manual gears, input/output shafts and other transmission components.
They consider the customer’s production capabilities or requirements, our capabilities and those available from our network of manufacturing partners. Then they develop an optimal supply chain solution that provides the component required by the customer, at the lowest possible per-unit price. This enables a lean approach to supply chain management for the customers.
Steel consumption is closely tied to the mushrooming construction activity. Construction activity in Egypt grew by 7.4% over 2004-2007; triggering rebars consumption to grow by 15.9% over the same time span.
Consumer goods and the locally assembled vehicles (Completely Knock down – CKD) are key consumers of flat steel. Growing production levels in both industries drove up the demand for flat steel which enjoyed a 13.3% over 2004-2007
Financials Key highlights EGP 2006 2007 +/- • Net sales 11.6bn 16.2bn +40% • Gross profit 3.2bn 3.6bn +12% • EBITDA* 3.6bn 3.9bn +8% • Net profit before tax 2.6bn 2.9bn +11% • Tax and deferred tax 611m 653m +7% • Net profit after tax and minority interests 995m 1.1bn +12% • EPS on a weighted average number of shares 5.85 6.26 +7% • Net debt to Equity 1.26x 0.99x -21%