Slide 1: 2025 Full Year Results Presentation
13 August 2025 Manager Company Announcements ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 2025 Full Year Results Presentation Please find attached for immediate release to the market the 2025 Full Year Results Presentation. For inquiries: Graeme Whickman Managing Director & Chief Executive
Slide 2: FY25 Result
FY25 Result Graeme Whickman, CEO & MD Aaron Canning, CFO August 13, 2025
Slide 3: Disclaimer
Disclaimer Important notices This Presentation has been prepared by Amotiv Limited (ABN 99 004 400 891) ("Amotiv" or "Company"). Summary information This Presentation contains summary information about Amotiv and its activities as at 13 August 2025. The information in the Presentation is of a genera
Slide 4: Contents
Contents Key Messages and Group Performance Highlights 3 FY25 Awards Divisional Review 8 Financials 15 GPC – 2025 Awards Auto One ‒ Automotive Generalist ‒ National Supplier Of Supplier of the Year The Year Trading Update and Outlook 22 ‒ Best Digital Supplier Burson Burson ‒ Exceptional Service ‒ E
Slide 5: Key messages
Key messages1 Solid result Strength of PTU Amotiv Unified Strong capital Group revenue delivered in portfolio offset by Wave 1 initial management growth is expected in challenging headwinds across benefits delivered in supporting buyback FY26 with underlying environment NZ, AU resellers line with ta
Slide 6: Group performance highlights
Group performance highlights1 • Revenue growth due to Powertrain & Undercar (+3.3%) and 4WD & Trailering (+1.7%) while Revenue2,3 Gross margin Lighting, Power & Electrical (-1.9%) was softer. Headwinds continued across NZ, AU resellers and OE channels (NVS, Caravan/RV/ Truck/Bus) +1.0% to -30bp to •
Slide 7: GUD2025 – continued progress on strengthening the business foundations
GUD2025 – continued progress on strengthening the business foundations1 Largely delivered on 2025 aspirations FY25 highlights Safety: Safety Better than industry average LTIFR2 LTIFR Better than 7.7 6.6 4.8 Engagement: FY23 FY24 FY25 Safe Work 7 71% within 3pps of global average and benchmark of 12.
Slide 8: Progress on FY25 strategic imperatives
Progress on FY25 strategic imperatives Enterprise optimisation South Africa Build offshore Operational Capital – ‘Amotiv Unified’ manufacturing revenue excellence Management 2025 Achieved South Africa Continued Continued Buyback Wave 1 initial facility increase in progress on initiated and target op
Slide 9: Divisional Review
Divisional Review Graeme Whickman, CEO & MD
Slide 10: ANZ Pick Ups down in FY25, changes in Pick Up mix
ANZ Pick Ups down in FY25, changes in Pick Up mix (Ranger/Hilux/D-Max/BYD) New Vehicle Sales in Key Segments and Markets: FY25 vs FY241,3 (not to same scale) Australia: Pick Up sales downturn in FY25 Australia New Zealand ANZ Combined • Pick Ups down 9% (-13% net of BYD Shark2) + = − Lower sales acr
Slide 11: 4WD Accessories and Trailering (4WD)
4WD Accessories and Trailering (4WD)1 Softer cyclical volumes across ANZ NVS impacting operating leverage $M FY25 FY24 Change • Reported revenues supported by a modest acquisition2. Organic revenues down 1.5% Revenue3 354.9 348.8 1.7% • ANZ NVS volumes negatively impacted revenue. Fitment rates rema
Slide 12: APG impairment
APG impairment1 The Company undertook an FY25 year-end value in use analysis Key assumptions used in APG impairment test of APG which resulted in a non-cash impairment of $190 million1 Assumption FY25 FY24 Change Comment Through the second half of the FY25 year AOV has adopted a more Budgeted EBITDA
Slide 13: Lighting, Power & Electrical (LPE) key performance drivers
Lighting, Power & Electrical (LPE) key performance drivers Australian car parc maintains steady growth NVS/Pick Ups down; segmentation stable Caravan production levels declined Diverse US channel mix6 Australia Car Parc (millions of vehicles) – CY15 to CY25F2,4 New Vehicle Sales – Australia – CY15 t
Slide 14: Lighting, Power & Electrical (LPE)
Lighting, Power & Electrical (LPE)1 Challenging ANZ market dynamics weakened across Reseller and OE channels $M FY25 FY24 Change • Revenue down 1.9% inclusive of acquisitions2 Revenue 318.2 324.5 (1.9%) • Organic revenue decline of 8.3% due to softer Australian reseller demand coupled with Underlyin
Slide 15: Powertrain and Undercar (PTU)
Powertrain and Undercar (PTU)1 Result reflects continued resilience of the ‘wear and repair’ market, brand $M FY25 FY24 Change strength and ongoing revenue diversification Revenue 324.3 313.9 3.3% • Revenue growth reflects organic growth supported by volume and price increases Underlying EBITDA 85.5
Slide 16: Financials
Financials Aaron Canning, CFO
Slide 17: Group financials
Group financials1 • Revenue growth was softer due to PTU (+3.3%), 4WD (+1.7%) while LPE $M FY25 FY24 Change (-1.9%). Headwinds continued across NZ, AU resellers and OE channels (NVS, caravan/RV). Organic revenue represented a 2.2% decline on pcp Revenue 997.4 987.2 1.0% COGS (561.0) (552.1) 1.6% • G
Slide 18: Net working capital and cash conversion
Net working capital and cash conversion Net Working Capital broadly flat though H2 Net working capital (NWC) • Inventory increases of $9.5m since FY24 due to: Movement $M FY25 FY24 FY23 vs FY24 vs H1 FY25 − LPE: lower in AU in response to reseller demand Statutory NWC − 4WD: increased due to South A
Slide 19: Capital investment supporting growth and offshore expansion
Capital investment supporting growth and offshore expansion1 Product Development (PD) and innovation spend Capex increase largely reflects capacity Capex focused on investment in growth initiatives supportive of future organic growth expansion, including offshore markets Growth and sustaining capex
Slide 20: Foreign Exchange and growth in offshore earnings contribution
Foreign Exchange and growth in offshore earnings contribution Foreign Exchange Exposure – USD exposure well managed Hedging smoothed out FY25 FX volatility • FY25 impacted by weaker AUD versus key cross currencies rates versus pcp AUDUSD FY25 Hedge Cover • USD hedging provided stability through FY25
Slide 21: Balance sheet strength with long dated debt profile and attractive cost
Balance sheet strength with long dated debt profile and attractive cost1 Conservative leverage2 maintained Debt profile is long dated and mostly fixed... …at an attractive “all in rate” Net Debt vs Net Debt/Adjusted EBITDA2 Maturity profile ($m) 2.50 500 2.5 150 BBSY– average 450 135 2.00 1.91 400 1
Slide 22: Capital Allocation Framework – focus on improving shareholder returns
Capital Allocation Framework – focus on improving shareholder returns FY25 Performance Commentary Strong H2 cash conversion (104.9%) with FY25 result Cash conversion ratio >= 75% 90.6% marginally ahead of ~85% guidance Sustaining capex (maintenance) Sustaining CAPEX investment of $10.6m reflects 90%
Slide 23: Trading Update and Outlook
Trading Update and Outlook Graeme Whickman, CEO and MD
Slide 24: Amotiv continues to increase its revenue streams by leveraging its competitive advantages
Amotiv continues to increase its revenue streams by leveraging its competitive advantages1 Revenues are largely Business segments are well positioned …operating in large ANZ and specialist offshore TAMs3 ICE agnostic1,2 with clear competitive advantages… 4WD Accessories & Lighting, Power Powertrain
Slide 25: Amotiv Unified represents the maturing of the Auto pure-play
Amotiv Unified represents the maturing of the Auto pure-play Amotiv Unified projects staggered in 3 waves over 3 years • Amotiv Unified is our transformation program, targeting improved efficiency and effectiveness • The overall program comprises ~25 projects • AOV designed and managed – leader led
Slide 26: Amotiv Unified: driving simplification and strategic capability
Amotiv Unified: driving simplification and strategic capability Benefit Delivery Benefit Profile for Projects Currently Underway • Projects benefits span both financial and strategic benefits; value creation extends beyond cost reduction Sourcing Common Categories • • Mix of fast and slower-to-deliv
Slide 27: Amotiv Unified Wave 1 - annualised net FY26 benefits
Amotiv Unified Wave 1 - annualised net FY26 benefits1 Amotiv Unified delivered $15m gross annualised savings FY25 Amotiv Unified Gross to Net FY26 benefit waterfall1 – Wave 1 year-end, in line with Wave 1 target2 • Majority of benefit derived from operating model with ~120 FTE reduction (~5% of work
Slide 28: Amotiv group has limited direct exposure to tariff changes: ~8% of revenue
Amotiv group has limited direct exposure to tariff changes: ~8% of revenue Amotiv’s manufacturing & sourcing footprint supporting USA jurisdiction Summary of tariff changes relevant ~8% of Amotiv’s Group revenue is to Amotiv dependent on US market • Changes in reciprocal tariffs continue, • Amotiv r
Slide 29: Trading update and FY26 outlook
Trading update and FY26 outlook1 Trading Update - July FY26 outlook • PTU ‘Wear and repair’ remains resilient with forward workshop bookings Group revenue growth is expected in FY26 with underlying EBITA stable at 1-2 weeks of ~$195m2, in what is likely to remain a challenging environment • LPE AU R
Slide 30: Appendix A
Appendix A Supplementary financial information
Slide 31: Significant items
Significant items 4WD Accessories & Lighting, Power & Powertrain & $M Unallocated Total Trailering Electrical Undercar Cash items Acquisition initiative support and integration costs 0.1 - - 0.3 0.4 South Africa/US set-up costs 2.5 - - - 2.5 Restructuring and redundancy costs 3.6 0.4 1.9 1.5 7.4 Tot
Slide 32: Cash conversion and balance sheet calculations
Cash conversion and balance sheet calculations Cash conversion Balance sheet ratios $M FY25 FY24 Change $M FY25 FY24 Operating cashflow 149.6 171.4 (12.7%) Bank overdraft 1.9 1.0 Adjustments: Current Borrowings 0.8 - + Tax paid 41.4 36.3 14.0% Non-Current Borrowings 434.0 386.5 − Payments for lease
Slide 33: Balance sheet ratio calculations
Balance sheet ratio calculations1 Adjusted EBITDA2 Net interest – lease adjusted $M FY25 FY24 $M FY25 FY24 EBIT post AASB 16 (47.3) 164.7 Reported Interest 26.5 25.5 Add ROU depreciation 22.6 19.1 Interest on lease liabilities (7.0) (5.5) Less lease payments (26.9) (21.9) Adjusted Net Interest 19.5
Slide 34: Reconciliation to segment EBIT (note 7)
Reconciliation to segment EBIT (note 7) 4WD Accessories and Trailering Powertrain and Undercar $M FY25 FY24 $M FY25 FY24 Revenue 354.9 348.8 Revenue 324.3 313.9 Operating costs (278.7) (271.5) Operating costs (238.8) (234.4) Underlying EBITDA 76.2 77.3 Depreciation (17.0) (14.6) Underlying EBITDA 85
Slide 35: Effective Tax Rate Calculation
Effective Tax Rate Calculation $M FY25 FY24 Profit/(Loss) before tax (75.3) 141.0 Prima facie income tax expense calculated at 30% (2024: 30%) on profit/(loss) before tax from continuing operations (22.6) 42.3 Increase/(decrease) in income tax expense / (benefit) due to: Non-deductible expenditure a
Slide 36: Appendix B
Appendix B Supplementary information
Slide 37: Glossary of terms (1 of 2)
Glossary of terms (1 of 2) Term Term 4WD 4WD Accessories & Trailering Division FCAI Federal Chamber of Automotive Industries ACS Australian Clutch Services, a subsidiary company of Amotiv Ltd FTE Full-time equivalent Adjusted A non-IFRS measure, Earnings Before Interest, Tax and Amortisation adjuste
Slide 38: Glossary of terms (2 of 2)
Glossary of terms (2 of 2) Term Term Revenue derived from sales of Non-ICE Products. Within Non-ICE Product R&D Research and Development categories (being, categories of product which don’t depend on an ICE for their Non-ICE operation), a particular SKU may apply to a specific vehicle model, whether
Slide 39: Dual factory and dealer-fit model provides OEs flexibility
Dual factory and dealer-fit model provides OEs flexibility to tweak features throughout the vehicle program Example: Ford Ranger Model Hierarchy and Features Towbar OE ADVANTAGES Fitment Rate1 Raptor Top range Factory-fit cost-advantage Performance engine and • Towbars are practically standard fit s
Slide 40: LPE and Powertrain and Undercar – Key drivers
LPE and Powertrain and Undercar – Key drivers SUV and Pick up segmentation remains strong BEV sales flat - ICE (incl. hybrid) still dominates Amotiv enjoys the benefit of an ageing car parc New Vehicle Sales – Australia - Forecast (‘000s)1,2 Sales by fuel type – FY23 to FY25 (% of sales)1,4 Average