Motorcycle Holdings Ltd. · ASX:MTO
Motorcycle — FY2016 Earnings Presentation
14 slides from Motorcycle's earnings presentation, Aug 31, 2016
Slide 1: Financial Results June 2016
MOTORCYCLE HOLDINGS For personal use only Financial Results June 2016 MotorCycle Holdings
Slide 2: Disclaimer and Important Information
Disclaimer Disclaimer and Important Information For personal use only • This presentation may contain certain unaudited financial information in relation to MotorCycle Holdings Limited (MTO). As such, it has not been subject to an audit or an audit process or otherwise independently verified. • This
Slide 3: Results Highlights
Results Highlights For personal use only 1 Highly successful IPO completed April 2016 2 Financial Results for 12 months to June exceeded prospectus forecasts 3 Strong growth in motorcycle sales achieved 4 Newly acquired dealerships generating strong revenues 5 Continued growth planned via acquisitio
Slide 4: Market leader in motorcycle retailing
Market leader in motorcycle retailing For personal use only Australia’s largest motorcycle dealership David Foster 1 operator with 27 year history, 34 franchises Chairman across 24 dealerships • Highly experienced finance executive and company director. Former CEO Suncorp Bank • Joined MTO board in
Slide 5: Highly successful IPO completed April 2016
Highly successful IPO completed April 2016 For personal use only • 23.1 million shares sold at $2 per share to raise $46.2 million MTO share price performance from listing ~85% increase from April 28, 2016 • 1500 shareholders. Institutions holding approximately 40% • CEO holding 22%. Other Directors
Slide 6: Results exceed prospectus forecasts
Results exceed prospectus forecasts (Pro forma, $million)* For personal use only Group Revenue Group NPAT 209 8.0 197 6.9 164 173 149 4.5 4.6 3.7 2013 2014 2015 2016 (f) 2016 (a) 2013 2014 2015 2016 (f) 2016 (a) *Prospectus numbers restated as per ASX announcement of August 4, 2016 MotorCycle Holdin
Slide 7: Results exceed prospectus forecasts
Results exceed prospectus forecasts (Proforma)* For personal use only EBITDA EBITDA Margin ($million) (%) 12.8 6.1 11.3 5.7 4.3 4.6 4.5 7.5 7.8 6.4 2013 2014 2015 2016 (f) 2016 (a) 2013 2014 2015 2016 (f) 2016 (a) *Prospectus numbers restated as per ASX announcement of August 4, 2016 MotorCycle Hold
Slide 8: Results exceed pro-forma forecast
Results exceed pro-forma forecast For personal use only Profit and loss ($m) 6 1 Pro forma historical Pro forma Pro forma Notes: forecast2 actual 1. The pro forma consolidated $m Notes FY13 FY14 FY15 FY16 FY16 statement of profit or loss for FY16 is Revenue 2 148.6 163.6 173.3 196.9 209.3 reconciled
Slide 9: Sales exceed prospectus forecasts
Sales exceed prospectus forecasts (Unit sales) For personal use only New Motorcycles Used Motorcycles 7331 7538 6393 6482 6413 6016 6103 5888 5890 5335 2013 2014 2015 2016 (f) 2016 (a) 2013 2014 2015 2016 (f) 2016 (a) MotorCycle Holdings Preliminary Final Results | Financial information on which thi
Slide 10: MotorCycle Holdings divisions
MotorCycle Holdings divisions For personal use only Accessories • Motorcycle accessories sold within dealerships include helmets, boots, gloves, jackets and tyres. and parts • Parts are typically sourced from motorcycle manufacturers and are also retailed at the dealerships • This business grew prof
Slide 11: Motorcycle Sales
Motorcycle Sales For personal use only New motorcycle sales by type (2004-15)* QLD used motorcycle sales (2005-15)* Thousands of motorcycles Thousands of motorcycles Year to June 2016: Year to 1.4% growth June 2016: 25 150 1.8% growth 3.6% CAGR 09-15 5.5% CAGR (05-09) 20 120 Scooter ATV 15 90 Off-ro
Slide 12: Effective business model
Effective business model For personal use only Diversified revenue streams − New motorcycles DEALERSHIP OPERATORS BY NUMBER OF LOCATIONS − Used motorcycles − Accessories and parts − Servicing and repair 5+ dealerships 3 − Finance, insurance and warranty 2-4 dealerships Centralised management str
Slide 13: Outlook
Outlook For personal use only • Outlook remains positive • Motorcycle market to maintain modest growth rates • Opportunities for MTO to grow through acquisition and organically • Maiden dividend to be paid for the December half, subject to market and trading conditions MotorCycle Holdings Preliminar
Slide 14: For personal use only
For personal use only MotorCycleHoldings Motorcycle HoldingsInvestor Presentation 14