Rpm Automotive Group Ltd. · ASX:RPM
Rpm Automotive — FY2024 Earnings Presentation
23 slides from Rpm Automotive's earnings presentation, Aug 26, 2024
Slide 1: FY24 Results Presentation
FY24 RESULTS PRESENTATION Guy Nicholls CEO Rebecca Payne CFO RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 26 AUGUST 2024 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 1
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Overview This document is issued by RPM Automotive Group Limited ACN 002 527 906 RPM (“RPM Automotive” or “RPM”) on 26 August 2024. Summary Information This document contains summary information about RPM Automotive and its associated and proposed associated entities an
Slide 3: Agenda
AGENDA About RPM 4 Key Financial Drivers FY24 8 Financial Review 12 Outlook 17 Q&A 20 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 3
Slide 4: About RPM
ABOUT RPM 4 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 4
Slide 5: National Coverage in the Automotive Industry
NATIONAL COVERAGE IN THE AUTOMOTIVE INDUSTRY RPM business units offer wheels, tyres, accessories and apparel to In brief both wholesale and retail (B2B commercial, industrial and consumer) customers 12 strategic acquisitions since Sept 2020 - leveraging operational Successful record of capability (s
Slide 6: Four Complementary Divisions
FOUR COMPLEMENTARY DIVISIONS REPAIRS PERFORMANCE WHEELS & ROADSIDE MOTORSPORT & ACCESSORIES & TYRES Commercial & Industrial Certified race safety wear, Bolt on vehicle parts and Distribution of wheels and Tyre and auto suits and helmets accessories tyres service centres Retail - B2C Specialist Retai
Slide 7: Key Financial Drivers FY24
KEY FINANCIAL DRIVERS FY24 7 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 7
Slide 8: FY24 Key Financial Drivers
FY24 KEY FINANCIAL DRIVERS FY24 Group Revenue increased +3.7% to $121.0 million, or up 10.0% REVENUE excluding discontinued operations GROSS MARGIN FY24 Group Gross Margin up 250bp to 34.2% OPERATING COSTS OPEX $25.7 million, down 5.4% on a proforma basis EBITDA FY24 Group EBITDA $12.5 million, up 4
Slide 9: Track Record of Revenue and Earnings Growth
TRACK RECORD OF REVENUE AND EARNINGS GROWTH FY24 Key Highlights • EPS* up 127.4% pcp • NPAT up 275% pcp • Gross Margin up 250bp • EBITDA up 41.2% pcp *Based on una udited c on tinu in g op eration s RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 9
Slide 10: Diversified Revenue Streams
DIVERSIFIED REVENUE STREAMS FY24 Revenue, GP Margin & EBITDA (by division) Revenue Gross Profit EBITDA $41.8m $43.4m $26.4m $14.1m $11.5m $11.6m $9.4m $2.8m $4.2m $4.6m $3.8m $1.3m Repairs & roadside Motorsport Performance & accessories Wheels & tyres REPAIRS PERFORMANCE WHEELS & ROADSIDE MOTORSPORT
Slide 11: Financial Review
FINANCIAL REVIEW 11 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 11
Slide 12: FY24 Profit and Loss Statement
FY24 PROFIT AND LOSS STATEMENT Summary P&L - A$ millions (unaudited) FY24 FY23 Chg FY24 Key Highlights Revenue 121.0 116.7 3.7% Cost of goods sold -79.6 -79.7 0% Gross profit 41.4 37.0 12% • Revenue up 3.7% or up 10% excluding Gross profit % 34.2% 31.7% +250 bps discontinued business Other income 1.
Slide 13: FY24 Cash Flow Statement
FY24 CASH FLOW STATEMENT FY24 Key Highlights Summary Cash Flow - A$ millions (unaudited) FY24 FY23 $ Chg Receipts from customers 115.6 104.6 11.0 • Operating cash generation increased Payments to suppliers and employees -104.7 -101.3 -3.4 to $7.6m (from $0.9m in FY23) Interest and other income recei
Slide 14: FY24 Statement of Financial Position
FY24 STATEMENT OF FINANCIAL POSITION Balance Sheet - A$ millions (unaudited) FY24 FY23 $ Chg Cash and cash equivalents 6.3 4.4 1.9 FY24 Key Highlights Trade and other receivables 22.4 18.1 4.2 Inventories 24.7 25.1 -0.4 Other assets 2.4 2.1 0.4 • Renewed focus on working capital Right of use assets
Slide 15: Outlook
OUTLOOK 15 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 15
Slide 16: Key FY25 Growth Initiatives
KEY FY25 GROWTH INITIATIVES Tyre Recycling Project • Machines scheduled to be fully operational in Q2 FY25. • Fully integrated tyre recycling operation leveraging infrastructure. • Addresses environmental challenges by repurposing tyres to reduce landfill waste. • Positioned to enhance RPM’s sustain
Slide 17: FY25 Outlook
FY25 OUTLOOK GUIDANCE • Revenue and earnings expected to grow in FY25 • Continuing product expansion in our retail divisions to PRODUCT EXPANSION better service our customers • Growth in wholesale division from expansion in VIC and GEOGRAPHIC organic growth in NSW & QLD and Yokohama initiative • Foc
Slide 18: Q&A
Q&A 18 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 18
Slide 19: Appendix
APPENDIX 19 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 19
Slide 20: Three Core Strategies to Better Service Our Customers
THREE CORE STRATEGIES TO BETTER SERVICE OUR CUSTOMERS Strategic initiatives Vertical integration Operating leverage • Identify complementary businesses • Capitalise on in house design • Consolidate brands to maximise to unlock synergies through cross capability to bring new products to brand awarene
Slide 21: Experienced Board of Directors & Managers
EXPERIENCED BOARD OF DIRECTORS & MANAGERS LAWRENCE JAFFE GUY NICHOLLS GRANT CARMAN CLIVE FINKELSTEIN REBECCA PAYNE NON-EXECUTIVE CHAIRMAN CHIEF EXECUTIVE OFFICER NON-EXECUTIVE DIRECTOR CCO/EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER Co-founder of RPM Over 30 years’ experience in Chartered accountant
Slide 22: Corporate Snapshot
CORPORATE SNAPSHOT REGISTER CAPITAL STRUCTURE – 20 AUGUST 2024 Shares on Issue 252m Options (Exp 08/25 @ $0.10) 96m Share Price $0.071 Market Capitalisation $17.9m MA JOR SHAREHOLDERS Clive Finkelstein (COO/MD) ~12% Lawrence Jaffe (Executive Director) ~12% BNP Paribas Nominees ~4% Henrock Investment
Slide 23: Media & Investors
MEDIA & INVESTORS E: INVESTORS@RPMGROUP.NET.AU RPM AUTOMOTIVE GROUP LTD (ASX: RPM) www.rpmgroup.net.au RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 23