Ama Group Limited · ASX:AMA
Ama — H1 2017 Earnings Presentation
12 slides from Ama's earnings presentation, Feb 24, 2017
Slide 1: 2017 Half Year Results Presentation
For personal use only 2017 Half Year Results Presentation 24 February 2017
Slide 2: AMA Group Overview
AMA Group Overview For personal use only Vehicle Protection Automotive Electrical & Cable Automotive Component Vehicle Panel Repair Products & Accessories Accessories Remanufacturing Brands • An ASX 300 Company (ASX:AMA) • Australian leader in the automotive aftercare and accessories market • Market
Slide 3: Dec 2017 Half Year - Normalised Results
Dec 2017 Half Year - Normalised Results First half 2017 results saw strong operating performance despite several abnormal items For personal use only Current Prior 3 Change EBITDA - continuing operations : Reported ($’000) 18,357 9,571 91.8% EBITDA - continuing operations : Normalised 1 ($’000) 20,5
Slide 4: Vehicle Panel Repair
Vehicle Panel Repair For personal use only Vehicle Protection Automotive Electrical & Cable Automotive Component Brands Products & Accessories Accessories Remanufacturing Sales A$149.3 m (+88.7%) 2 GM $1 A$85.5m (+88.8%) 2 GM %1 57.3% (0.0%) 2 – Highly fragmented industry in Australia – AMA ideally
Slide 5: Vehicle Protection Products & Accessories
Vehicle Protection Products & Accessories For personal use only Brands Sales A$14.7 m (-1.7%) 2 GM $1 A$6.6 m (+0.5%) 2 GM %1 44.8% (+2.3%) 2 – Leading manufacturer of alloy bullbars – Prominent in the market with approx 50%+ market share across aftermarket, fleet and OEM sales channel in alloy Comm
Slide 6: Automotive Electrical & Cable Accessories
Automotive Electrical & Cable Accessories For personal use only Brands Sales A$7.9 m (-5.3%) 2 GM $1 A$2.6 m (+11.6%) 2 GM %1 33.2% (+17.9%) 2 – Product innovation creating organic opportunities – Pursuing broader product segments including industrial, marine, leisure and automotive retail sectors C
Slide 7: Automotive Component Remanufacturing
Automotive Component Remanufacturing For personal use only Brands Sales A$4.9 m (+29.3%) 2 GM $1 A$1.9 m (+37.1%) 2 GM %1 39.1% (+6.1%) 2 – Solid organic growth profile with FluidDrive – Strong management and team buy-in are delivering exceptionally strong operational results – Strong relationship w
Slide 8: Strategy / Outlook
Strategy / Outlook For personal use only Initiatives • Aggressively participate in the Panel Industry consolidation • Identify and execute further “Greenfield” opportunities in Vehicle Panel Repair division • Prioritize and continually drive vertical integration across Vehicle Panel Repair division
Slide 9: Summary
Summary For personal use only Leading provider of Australian automotive aftercare services and accessories Cemented leading position in Australia’s panel repair market Strong balance sheet with ability to take on additional leverage Well positioned to drive ongoing consolidation in panel repair mark
Slide 10: Appendix A – Normalisation Adjustments
Appendix A – Normalisation Adjustments For personal use only Dec 16 Dec 15 $’000 $’000 EBITDA from continuing operations – Reported 18,357 9,571 Employee Equity Plan expense – Corporate division 192 2,340 Business Acquisition expenses – Vehicle Panel Repair division 453 597 Site Integrations – Vehic
Slide 11: Appendix B – Operating Cash Flow
Appendix B – Operating Cash Flow For personal use only Dec 16 Dec 15 $’000 $’000 EBITDA from continuing operations – Reported 18,357 9,571 Interest paid (82) (93) Deferred income amortisation (2,396) - Equity issued as employment condition 218 2,587 Other non cash items (414) (19) Cash Earnings 15,6
Slide 12: Disclaimer
Disclaimer For personal use only This presentation contains summary information about AMA Group Limited (ABN 50 113 883 560) (“AMA Group”) and its activities current as at the date of this presentation. The information in this presentation is of general background and does not purport to be complete