Bapcor Ltd · ASX:BAP
Bapcor — Macquarie Conference May 2018
20 slides from Bapcor's conference presentation, May 3, 2018
Slide 1: Macquarie Conference May 2018
For personal use only Macquarie Conference May 2018
Slide 2: Our Business Brands
Our Business Brands For personal use only 2 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”
Slide 3: Who we are
Who we are For personal use only Australasia’s leading provider of automotive aftermarket parts, accessories, equipment and services………… that span the supply chain. • # sites 850+ • # employees 3,700+ • Turnover $1.4b • Market cap $1.6b A “Trade” focused business generating circa 80% of sales/earnin
Slide 4: Aftermarket Supply Chain
Aftermarket Supply Chain For personal use only Bapcor businesses participate Consumer Service Trade / Retail Resellers Wholesale Manufacturers 4 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”
Slide 5: Strategy
STRATEGY For personal use only Consistent strategy with specific, clear, measurable targets. No changes to direction or goals. We know what we do best and stick with it. 5 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”
Slide 6: Bapcor Year Strategic Targets
Bapcor 5 Year Strategic Targets For personal use only Segment Contribution AUS Target AUS Target 30% 200 Trade focussed Stores Own Brands 22% “parts professionals” 163 50% TRADE supplying workshops in NZ Relocations NZ Target NZ Target Australia & New Zealand 65 & Refurb Target 30% 25 Own Stores Sto
Slide 7: Summary of Key Performance Indicators
Summary of Key Performance Indicators For personal use only Revenue * EBITDA * NPAT * 65.8 1,013.6 117.4 685.6 43.6 77.0 341.6 375.3 41.5 19.3 23.1 306.3 30.2 36.0 16.0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2013 FY2014 FY2015 FY2016 FY2017 FY2013 FY2014 FY2015 FY2016 FY2017 * Based on continuing oper
Slide 8: Summary of Key Performance Indicators
Summary of Key Performance Indicators For personal use only EPS (cps) * Dividends per share Share price Interim Final 5.92 24.4 5.52 5.49 4.20 17.9 7.5 3.40 13.6 6.0 2.50 4.7 1.82 5.0 5.5 4.0 APR14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 FY2015 FY2016 FY2017 FY2015 FY2016 FY2017 listing * Based on
Slide 9: Current Status
For personal use only CURRENT STATUS 9 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”
Slide 10: Hellaby Acquisition
Hellaby Acquisition For personal use only DIVESTMENTS / NON-CORE ASSETS • Completed the non-core asset divestments from Hellaby acquisition • Footwear and Contract Resources • Proceeds NZ$99m. Accounts provided NZ$92m INTEGRATION OF AUTOMOTIVE BUSINESS • Successfully integrated Hellaby Automotive •
Slide 11: Trading Update
Trading Update For personal use only OVERALL • Reiterate guidance for full year NPAT – on target TRADE • Burson continues to perform strongly • Same store sales circa 4% YTD • Gross Margin % holding • Number of new stores added on target SPECIALIST WHOLESALE • Trading solidly, in line with expectati
Slide 12: Trading Update (continued)
Trading Update (continued) For personal use only NEW ZEALAND • BNT same store sales continue to be strong • Margins improving RETAIL & SERVICE • Strategy delivering results • Autobarn same store sales > 2% • Earnings in line with expectations • Number of new stores added on target • Introducing clic
Slide 13: Trading Update (continued)
Trading Update (continued) For personal use only ASIA • First store opens this month • Five additional stores by December WAREHOUSE EVOLUTION PROJECT • Good progress made • WMS review underway • Data collation re warehouse specifications GROUP CONFERENCE • Just completed conference & expo in Singapo
Slide 14: Addressing the Myths
For personal use only ADDRESSING THE MYTHS 14 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”
Slide 15: Frequently Asked Questions – Addressing The Myths
Frequently Asked Questions – Addressing The Myths For personal use only INVENTORY PROVISION Profit is not propped up by release of inventory provision. No inventory provision was released to profit in H1; In fact there was an expense to profit and hence an increase in provision. Obsolete inv
Slide 16: Frequently Asked Questions – Addressing The Myths
Frequently Asked Questions – Addressing The Myths For personal use only On line retailing / Amazon Likely to focus on electronics, health & beauty, kitchen & home, toys, in initial stages If and when auto parts introduced, likely to be on products that do not require professional fitment or advi
Slide 17: Frequently Asked Questions – Addressing The Myths
Frequently Asked Questions – Addressing The Myths For personal use only Electric Cars Bapcor will evolve and adapt to the car parc - as it has historically as cars have changed Bapcor well placed to supply electronic components and batteries, especially through its electrical and electronics who
Slide 18: What will be the impact of electric cars?
What will be the impact of electric cars ? For personal use only Australian Car Park Forecast Model. Electric vehicles reach 50% of Car Park – i.e. 2041 Assumptions: Starting Car Park (Year 0): 18.4m cars Annual growth of total car park: 2% • With the above assumptions input into the model: New Cars
Slide 19: Supporting the Industry
SUPPORTING THE INDUSTRY For personal use only 19 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”
Slide 20: Thank You
THANK YOU For personal use only 20 “Australasia’s leading provider of aftermarket parts, accessories, equipment and services”