Motorcycle Holdings Ltd. · ASX:MTO
Motorcycle — Shareholder Meeting (November 2024)
19 slides from Motorcycle's shareholder meeting presentation, Nov 27, 2024
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 27 November wore 2024
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION This presentation may contain certain unaudited financial The information in this presentation does not take into information in relation to MotorCycle Holdings Limited account the objectives, financial situation or particular (‘MTO’, ‘the Company’). As such, it
Slide 3: Our People: Board and Senior Executive Team
OUR PEOPLE Board and Senior Executive Team RICK DENNIS DAVID AHMET PETER HENLEY ROB CASSEN CHAIR, INDEPENDENT MANAGING DIRECTOR INDEPENDENT INDEPENDENT NON-EXECUTIVE DIRECTOR & CHIEF EXECUTIVE NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR OFFICER MOTORCYCLE HOLDINGS 3
Slide 4: Our People: Board and Senior Executive Team
OUR PEOPLE Board and Senior Executive Team MARTIN WARD MICHAEL POYNTON NICOLE SPINK STEPHANIE SO INDEPENDENT NON-INDEPENDENT JOINT COMPANY JOINT COMPANY NON-EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR SECRETARY & CHIEF SECRETARY & CHIEF OPERATING FINANCIAL OFFICER OFFICER MOTORCYCLE HOLDINGS
Slide 5: Agenda
AGENDA 1. CHAIR'S ADDRESS 2. CEO'S ADDRESS 3. QUESTIONS 4. FORMAL BUSINESS 5
Slide 6: Chair's Address
CHAIR’S ADDRESS
Slide 7: FY24 Financial Results
FY24 FINANCIAL RESULTS STATUTORY REVENUE STATUTORY NET PROFIT AFTER TAX $582.3m $14.1m UNDERLYING EBITDA FINAL DIVIDEND PER SHARE, FULLY FRANKED $45.2m 7c | 10c Final Full year MOTORCYCLE HOLDINGS
Slide 8: Improving Performance
IMPROVING PERFORMANCE Five months into the new Cost management financial year – seeing promising and efficiencies signs and upward sales remain a key focus Interest rates and cost of living Growth in market share pressures impacted sales from demonstrates industry late 2023 but has started to leader
Slide 9: New Appointments
NEW APPOINTMENTS NICOLE SPINK MICHAEL POYNTON MATTHEW WEISNER CHIEF FINANCIAL CHIEF OPERATING INCOMING CHIEF OFFICER OFFICER EXECUTIVE OFFICER MOTORCYCLE HOLDINGS
Slide 10: CEO's Address
CEO'S ADDRESS
Slide 11: Operating Environment
OPERATING ENVIRONMENT Market environment Demand for motorcycles remains dynamic has rebounded since start of 2024 MTO's growth of market share We are continuing to deliver demonstrates our industry for shareholders in this leadership and strength of our uncertain environment business model MOTORCYCL
Slide 12: FY24 Financial Highlights
FY24 FINANCIAL HIGHLIGHTS SALES REVENUE LIKE-FOR-LIKE REVENUE1 OPERATING GROSS PROFIT UNDERLYING EBITDA 1% to 4% to 2% to 18% to $582.3m $450.6m $149.4m $45.2m NPAT NET ASSETS FINAL DIVIDEND PER SHARE 39% to 1% to 7c 10c $14.1m $200.2m fully franked full year 1 Excludes from both years: Mojo Motorcy
Slide 13: New Motorcycle Retail Units
NEW MOTORCYCLE RETAIL UNITS Strong MTO sales performance vs industry2 Industry: decreased 3% in FY24 MTO: increased 5% in FY24 140,000 16,000 14,491 116,619 14,000 14,039 13,751 120,000 111,927 13,264 6,839 6,340 6,654 99,581 48,929 6,494 55,840 12,000 11,013 100,000 89,595 96,186 93,436 52,839 45,0
Slide 14: Used Motorcycle Retail Units
USED MOTORCYCLE RETAIL UNITS 12,000 10,082 10,374 10,113 10,024 10,000 9,068 9,430 5,014 5,088 4,544 5,074 4,733 4,366 8,000 6,000 5,360 5,480 4,994 5,039 4,000 4,702 4,697 2,000 0 2019 2020 2021 2022 2023 2024 First half Second half MOTORCYCLE HOLDINGS 14
Slide 15: Strategic Progress
STRATEGIC PROGRESS Mojo Group integrated CFMOTO expansion Successful effectively, with first full into two-wheel integration of Forbes year result exceeding market delivered & Davies and Mojo expectations substantial growth in NZ has had immediate benefits Cassons operating system March 2024 acquisi
Slide 16: Current Trading Conditions
CURRENT TRADING CONDITIONS Growth in all business segments to 31 October 2024 3 Total sales revenue Operating expenses New retail unit sales Used retail unit sales $217 million (5,234 units) (3,904 units) 8% 5% 3% 13% 3 Unaudited results for the 4-months ended 31 October 2024 against the 4-months en
Slide 17: Current Trading Conditions
CURRENT TRADING CONDITIONS Sales revenue to 31 October 20244 Parts and Service and repair F&I commissions Parts and accessories New vehicles – accessories – retail – wholesale wholesale 6% 8% 5% 5% 6% 4 Unaudited results for the 4-months ended 31 October 2024 against the 4-months ended 31 October 20
Slide 18: FY25 Outlook
FY25 OUTLOOK Cost of living pressures expected Focus on business improvement to continue and cost control Stronger results expected from Successful integration in NZ of Cassons following improvements Forbes & Davies and Mojo, and new to business systems integration opportunities being explored Early
Slide 19: Thank You
Thank you MOTORCYCLE HOLDINGS LIMITED 68 Moss Street Slacks Creek QLD 4127 www.mcholdings.com.au
Motorcycle Holdings — Shareholder Meeting (November 2024) on 6ix