Ama Group Limited · ASX:AMA

Ama — H1 FY2025 Earnings Presentation

25 slides from Ama's earnings presentation, Feb 21, 2025

1. Slide 1: 2025 Half Year Results Presentation

   2025 Half Year Results Presentation 21 February 2025

2. Slide 2: Webcast

   Webcast AMA Group 2025 Half Year Results Friday, 21 February 2025 10:00am, AEST To join the webinar online register here: https://ccmediaframe.com/?id=EsG5m2pm To join the webinar via phone register here: https://s1.c-conf.com/diamondpass/10044561-t5dge3.html 2

3. Slide 3: Business Update

   Business Update

4. Slide 4: 1H25 Overview

   1H25 Overview  1H25 pre-AASB 16 Normalised EBITDA of $25.7m (excluding ACM Parts), up 17% on 1H243 Normalised Revenue EBITDA  Operating cash flow of $10.5m an improvement of $15.5m on pcp $472.4m $25.7m  Capital SMART ahead of expectations with operating performance more than offsetting prior yea

5. Slide 5: Capital SMART

   Capital SMART Strong EBITDA performance was ahead of expectations, embedding business reset Sites Revenue  10.8% Normalised EBITDA a strong improvement on prior year, with extended repair scope resulting in a 61 $238.1m higher average repair price, improved site efficiency and utilisation, in addit

6. Slide 6: AMA Collision

   AMA Collision Transformational change program continues to gain momentum with customers Sites Revenue and team 59 $175.7m   New EGM (Stuart Faid) appointed to lead business unit in July 2024 Good portfolio progress, however impacts of lower industry claims volumes in November and December 1H25 1H2

7. Slide 7: Specialist Businesses

   Specialist Businesses Newly formed Specialist Businesses unit brings focus on key opportunities 5 Prestige Revenue 3 TrackRight  Prestige sites revenue and EBITDA (pre-AASB 16) behind prior year. New contracts due to commence Sites $27.0m 3Q252 are expected to improve performance  TechRight expans

8. Slide 8: Wales Heavy Vehicle

   Wales Heavy Vehicle Wales has grown pre-AASB 16 EBITDA 63% half-on-half2 Sites Revenue  13.9% EBITDA performance ahead of full year prior year and embeds 2H24 performance 8 $38.9m  Bottleneck removal projects have delivered ahead of business case expectations with both Adelaide and 1H25 1H25 Newca

9. Slide 9: ACM Parts

   ACM Parts Business continues to improve performance on strong revenue growth Sites Revenue  Sale process update 6 $46.9m ‐ The AMA Board has determined AMA should focus on a pure collision repair business and as such is evaluating divestment options 1H25 1H25 Flat vs. 1H24 ↑$6.3m vs 1H24 ‐ Sale pro

10. Slide 10: Group Financials

    Group Financials

11. Slide 11: Summary Financial Performance

    Summary Financial Performance Summary financial performance ($M) Continuing Operations H1 FY25 H1 FY24 Change  Total Group revenue and other income from continuing Revenue and other income 472.4 451.1 21.3 operations up $21.3m to $472.4m in 1H25 (1H24: $451.1m)1 Operating expenses (inc. rent, norma

12. Slide 12: Summary Financial Position

    Summary Financial Position Summary financial position ($M) 31-Dec-24 30-Jun-24 Change Cash and cash equivalents 101.9 36.9 65.0  31 December cash position of $104.4m (including $2.4m cash balance for Other current assets 69.3 81.8 (12.5) ACM Parts captured within Assets held for sale). Includes $50

13. Slide 13: New $110m Debt Facility

    New $110m Debt Facility  AMA Group has obtained binding credit approved commitments (with agreed commercial terms) from two major Australian banks for debt facilities with a total sum of $110m, for a 3-year term  The new debt facilities will pay out the existing debt facilities and provide suffici

14. Slide 14: Cash Flows

    Cash Flows Statement of Cash Flows ($M) H1 FY25 H1 FY24 Change  Substantially improved total operating cash flow of $26.3m in Receipts from customers (incl. GST) 560.9 551.7 9.2 1H25 up from $10.8m in 1H24 (increase of $15.6m). The majority of Payments to suppliers and employees (incl. GST) (515.6)

15. Slide 15: Corporate

    Corporate Summary financial performance ($M) H1 FY25 H1 FY24 Change  Reduction in Corporate’s normalised EBITDA reflects a Revenue and other income 0.0 0.0 (0.0) number of cost reduction initiatives implemented to Operating expenses (incl. rent) (7.3) (6.5) (0.8) help drive greater cost discipline

16. Slide 16: Outlook

    Outlook

17. Slide 17: FY25 Outlook

    FY25 Outlook AMA Group maintains guidance that FY25 normalised pre-AASB 16 EBITDA expected to be above FY24 and a five-year pre-AASB 16 EBITDA margin target of ~9%1  Capital SMART performance will exceed prior year  AMA Collision Project Wallaby continues targeting > $20m in annualised pre-AASB 16

18. Slide 18: Other Information

    Other Information

19. Slide 19: AMA Group business overview

    Drivable passenger vehicle collision repairs $238.1m 1H25 revenue 1,588 team members Number of sites 74.4k repairs # Drivable and non-drivable passenger vehicle collision repairs 31 $175.4m 1H25 revenue 1,252 team members 13 42.8k repairs 5 27 Heavy vehicle collision repairs $38.9m 1H25 revenue 5 27

20. Slide 20: Summary Financial Performance

    Summary Financial Performance H1 FY25 H1 FY25 Summary financial performance ($M) - continuing operations (Post AASB 16) (Pre AASB 16) Revenue and other income 472.4 472.4 Operating expenses (inc. rent, normalisations) (423.9) (446.7) Normalised EBITDA 48.5 25.7 Normalisations (3.5) (3.5) EBITDA 45.0

21. Slide 21: 1H25 Results

    1H25 Results Improvement in operating position of overall business on prior year SMART AMA Collision Specialist Businesses Summary financial performance ($M) H1 FY25 H1 FY24 Change H1 FY25 H1 FY24 Change H1 FY25 H1 FY24 Change Revenue and other income 238.1 235.4 2.7 175.7 180.9 (5.2) 27.0 23.2 3.8

22. Slide 22: Quarterly Key Metrics

    Quarterly Key Metrics Key Metrics - Quarter on Quarter Units 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Safety LTIFR # / mhrs 2.43 2.72 4.03 4.95 4.91 4.19 Collision Repair Repair volume '000 66.7 58.0 58.8 60.8 66.0 57.5 Average repair price $ 3,515 3,736 3,685 3,735 3,735 3,933 Revenue $m 234.3 216.7 216.7 226

23. Slide 23: Definitions

    Definitions Item Definition EBITDA Earnings before interest, tax, depreciation, amortisation, impairment and fair value adjustments on contingent vendor consideration. From continuing operations (excludes ACM Parts). Pre-AASB 16 unless stated Normalised EBITDA EBITDA as defined above, excluding the

24. Slide 24: Q&A

    Q&A

25. Slide 25: AMA Group Limited

    AMA Group Limited ABN 50 113 883 560 Level 5, 484 St Kilda Road Melbourne, VIC 3004 amagroupltd.com

AMA Group — H1 FY2025 Earnings Presentation on 6ix