Morning Brief february 28th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | BMCI | Consolidated net income up 11% in 2022

| MOROCCO | BANK OF AFRICA | Consolidated NBI up 7% in 2022
In Q4 2022, Bank of Africa's consolidated Net Banking Income amounted to MAD 4,271 Mn, up 14%. In 2022, this recorded an increase of 7% to MAD 15,626 Mn.

| MOROCCO | CIH BANK | Consolidated NBI up 13% in 2022
In Q4 2022, CIH Bank's consolidated Net Banking Income amounted to MAD 1,008 Mn, up 20%. In 2022, this recorded an increase of 13% to MAD 3,518 Mn.

| MOROCCO | CRÉDIT DU MAROC | Consolidated NBI up 4% in 2022
In 2022, Crédit du Maroc shows a consolidated Net Banking Income of MAD 2.6 Bn against MAD 2.5 Bn a year earlier, i.e. an increase of 4.4%.

| MOROCCO | LAFARGEHOLCIM MAROC | Consolidated revenue down 3% in 2022
In Q4 2022, the consolidated revenue of LafargeHolcim Maroc stood at MAD 2,082 Mn, down 3.7% year-on-year. In 2022, the operator's consolidated revenue fell by 2.6% to MAD 7,985 Mn.

| MOROCCO | TOTALENERGIES MARKETING MAROC | Volume sales down 2% in 2022
In 2022, sales in volume of TotalEnergies Marketing Maroc recorded a drop of 2.2% to 1,749 KT. In this context, the operator's consolidated revenue stood at MAD 19,719 Mn in 2022, up 53.2%.

| MOROCCO | MANAGEM | Consolidated revenue up 30% in 2022
In Q4 2022, Managem's consolidated revenue stood at MAD 2,269 Mn against MAD 2,326 Mn a year earlier, i.e. a decline of 2.5%. In 2022, this records an increase of 29.9% to MAD 9,645 Mn.

| MOROCCO | CMT | Consolidated revenue up 28% in 2022
In Q4 2022, CMT's consolidated revenue fell by 1% to MAD 204 Mn. In 2022, the operator's consolidated revenue shows an appreciation of 28% to MAD 589 Mn.

| MOROCCO | LABEL VIE | Consolidated revenue up 19% in 2022
In Q4 2022, Label Vie's consolidated revenue recorded an increase of 22% to MAD 3,729 Mn. In 2022, this stood at MAD 13,947 Mn, up 19%.

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