Eagers Automotive Limited · ASX:APE
Eagers Automotive — Shareholder Meeting (May 2022)
34 slides from Eagers Automotive's shareholder meeting presentation, May 18, 2022
Slide 1: Annual General Meeting – Chairman's and CEO's addresses and presentation
18 May 2022 Markets Announcements Office ASX Limited Annual General Meeting – Chairman’s and CEO’s addresses and presentation The annual General Meeting (AGM) of Eagers Automotive Limited (ASX: APE) is being held today at 11:00am (Qld time). Please find attached the following material for the AGM: 1
Slide 2: Chairman's address
Chairman’s address Shareholders, Welcome to the Eagers Automotive Annual General Meeting for the 2021 financial year. Following my address our Chief Executive Officer Keith Thornton will provide an overview of the operating and financial performance for 2021 and comment on current trading and the ye
Slide 3: The year ahead
priority for us as we continue efforts to reduce our impact on the environment and enhance our business as a place to work and support our communities. The year ahead As we look to 2022, while some uncertainty remains in the external environment, we have continued to experience strong demand in all
Slide 4: Our Team
management team’s commitment and focus on execution in a dynamic external environment. On behalf of the Board, I also extend a sincere thank you to our entire workforce – your hard work and dedication have been pivotal to our delivery of our outstanding results in 2021. I also thank my fellow Direct
Slide 5: CEO's address
CEO’s address Thank you, Chairman. Good morning shareholders and thank you for your interest in Eagers Automotive’s Annual General Meeting. Today’s AGM marks my first full year in the role as Chief Executive Officer and it is a privilege to report on the results to our shareholders. Today I will add
Slide 6: Supporting these profit results is an extremely strong balance sheet position
Supporting these profit results is an extremely strong balance sheet position with net corporate debt of only $128.4 million at 31st December and $451 million of owned property at the end of the year including property held for sale, the highest holding by valuation in the history of the company. Th
Slide 7: Strategic progress – Next100
Strategic progress – Next100 [Next100 Slide] On the screen you see Eagers Automotive Next100 Strategy, which I am hopeful shareholders are becoming very familiar with. At Eagers we believe a clearly articulated and consistent strategy is something that underpins effective execution and long-term val
Slide 8: Our easyauto123 business continued to grow profitably
Our easyauto123 business continued to grow profitably as it benefits from being fully integrated into our wider group. During the year, we opened new easyauto123 sites in Sydney, Townsville and across multiple locations in Auckland. We have continued to redesign our workforce and workspace in respon
Slide 9: Outlook for first half of 2022
foreshadowed to continue in the coming months. We remain confident that the full year will see a total market broadly in line with 2021. However, the current short-term COVID- 19 issues in China specifically, coupled with significant disruption to shipping and logistics, create uncertainty that may
Slide 10: Brisbane and Perth greenfield opportunity and ACT acquisition
metro markets of Brisbane and Perth is an exciting greenfield opportunity that effectively covers approximately 30% of the national Cupra market opportunity on launch. Our OEM partners and specifically new market entrants, like BYD and Cupra, are attracted to our extensive retail experience combined
Slide 11: Closing thanks to partners and shareholders
Eagers Automotive will include a significant contribution to the improvement and the professionalism of the company in the areas of audit and risk. Thank you, David. To each OEM partner, we are proud to represent your brand. Our position as your retail partner is a privilege and responsibility we ta
Slide 12: 65th Annual General Meeting 18 May 2022
18 May 2022 65 th Annual General Meeting 18 May 2022
Slide 13: Directors and Secretary
Directors and Secretary Tim Crommelin Sophie Moore Nick Politis Dan Ryan David Cowper Greg Duncan David Blackhall Michelle Prater Marcus Birrell Denis Stark Company Secretary 2 | Eagers Automotive AGM 2022
Slide 14: David Cowper
David Cowper Non-executive Director since July 2012. David has decided not to seek re-election today and will retire from Board at the conclusion of this meeting. On behalf of Board, and all shareholders, I acknowledge and thank David for his tireless efforts and immense contribution to the Company.
Slide 15: How to ask a question online
How to ask a question online • To ask a written question select the Q & A icon • Select the topic your question relates to from the drop- down list • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below the broadcast window. 4 | Eagers
Slide 16: How to vote online
How to vote online • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any time until the poll is closed 5 | Eagers Automotive AG
Slide 17: Voting is now open
Voting is now open 6 | Eagers Automotive AGM 2022
Slide 18: Chairman's address
Chairman’s address To find a copy of the Chairman’s address, please visit https://www2.asx.com.au/markets/trade-our-cash-market/announcements.ape 7 | Eagers Automotive AGM 2022
Slide 19: CEO's address
CEO’s address To find a copy of the CEO’s address, please visit https://www2.asx.com.au/markets/trade-our-cash-market/announcements.ape 8 | Eagers Automotive AGM 2022
Slide 20: Financial Highlights FY 2021
Financial Highlights FY 2021 Disciplined focus on cost base underpinning sustainable Return on Sales performance Statutory Profit Before Underlying Operating Return on Sales Tax Profit Before Tax1 (Underlying) $456.8m $401.8m 4.6% Consolidated Revenue Corporate Debt Net of Owned Property Cash2 Portf
Slide 21: NEXT100 Strategy
NEXT100 Strategy Providing integrated mobility solutions for the next 100 years OPTIMISE DEVELOP GROW Engage our Deliver optimised Redefine our Support Reinvest with customers, vehicle finance workforce innovation discipline everywhere solutions EXCEED STAKEHOLDER EXPECTATIONS Customers. Employees.
Slide 22: Strategic Acquisitions
Strategic Acquisitions Maitland NSW Cardiff NSW Toowoomba QLD - 1 property (Nov 22 settlement) - 2 properties (dealerships & parts) - Gateway PMA into Darling Downs QLD - Consolidation opportunities with - Consolidation opportunities with existing operations in Maitland existing operations in Cardif
Slide 23: easyauto123
easyauto123 Expansion of easyauto123 footprint across Australia & New Zealand via repurposing existing facilities 2022/23 Plans - AutoMall West: Virtual store open - Canberra: New site following ACT acquisition - Tasmania: First site within Tasmanian market - Sydney: Open 2nd site - Melbourne: Open
Slide 24: CEO's address
CEO’s address To find a copy of the CEO’s address, please visit https://www2.asx.com.au/markets/trade-our-cash-market/announcements.ape 13 | Eagers Automotive AGM 2022
Slide 25: Proxy and Direct votes received prior to meeting
Proxy and Direct votes received prior to meeting For Against Discretion of the Discretion of Abstain % in favour or at Board person other the Board’s than the Board discretion Item no. 2 – Re-election of Dan Ryan 190,387,670 4,128,698 157,191 443,619 251,456 97.66% Item no. 3 – Remuneration Report 1
Slide 26: Financial Reports
Financial Reports Item 1 Eager Automotive financial reports are contained within the 2021 Annual Report (commencing from page 34 ) 15 | Eagers Automotive AGM 2022
Slide 27: Re-election of Dan Ryan
Re-election of Dan Ryan Item 2 Non-executive Director since January 2010. Motor vehicle dealer. Director & CEO of WFM Motors Pty Ltd, Eagers Automotive Limited’s largest shareholder. Significant management experience in automotive, transport, manufacturing and retail industries. 16 | Eagers Automoti
Slide 28: Voting results - prior to meeting
Voting results - prior to meeting Item no. 2 Re-election of Dan Ryan For Against Discretion of Discretion of Abstain % in favour or at the the Board person other Board’s discretion than the Board 190,387,670 4,128,698 157,191 443,619 251,456 97.66% 17 | Eagers Automotive AGM 2022
Slide 29: Remuneration Report
Remuneration Report Item 3 The Remuneration Report is set out in the 2021 Annual Report (refer to pages 42 - 54) 18 | Eagers Automotive AGM 2022
Slide 30: Voting results - prior to meeting
Voting results - prior to meeting Item no. 3 Remuneration Report For Against Discretion of Discretion of Abstain % in favour or at the the Board person other Board’s discretion than the Board 111,149,416 1,856,888 157,191 433,019 2,341,492 97.99% 19 | Eagers Automotive AGM 2022
Slide 31: Meeting paused for one minute to finalise votes
The meeting is paused for one minute so shareholders may finalise their votes on Items 2 & 3 20 | Eagers Automotive AGM 2022
Slide 32: Voting is now closed
Voting is now closed 21 | Eagers Automotive AGM 2022
Slide 33: General Questions
General Questions 22 | Eagers Automotive AGM 2022
Slide 34: Meeting has closed – Thank you for your participation
Meeting has closed Thank you for your participation 23 | Eagers Automotive AGM 2022