Rpm Automotive Group Ltd. · ASX:RPM
Rpm Automotive — FY2021 Earnings Presentation
21 slides from Rpm Automotive's earnings presentation, Aug 31, 2021
Slide 1: RPM Automotive Group Ltd FY21 Results Presentation
RPM AUTOMOTIVE GROUP LTD (ASX:RPM) FY21 Results Presentation 31 August 2021
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS FAVOURABLE INDUSTRY FUNDAMENTALS EXPERIENCED BOARD AND MANAGEMENT TEAM The Australian automotive aftermarket is large and growing with an The founders have a proven track record of owning, building and addressable market of over $25bn in 2017 operating automotive businesses LEA
Slide 3: FY21 Achievements
FY21 ACHIEVEMENTS REVENUE EBITDA CASH BALANCE $45.1m up 30% on FY20 $4.5m up 32% on FY20 $1.7m as at 30 June 2021 (excludes $1.5m prepayment) Full year record revenue Strong revenue growth delivered record EBITDA $5.1m share placement ensures Growth across all four the Company is well funded for bus
Slide 4: Financials
FINANCIALS
Slide 5: FY21 Financials
FY21 FINANCIALS PROFIT AND LOSS BALANCE SHEET CASH FLOW STATEMENT FY21 FY20 FY21 FY20 FY21 FY20 ($m) ($m) ($m) ($m) ($m) ($m) Revenue 45.1 34.7 Cash and equivalents 1.7 1.9 Cashflow from -1.3 -2.0 Gross Profit 14.1 10.7 operations Other Assets 44.8 31.5 EBITDA 4.5 3.4 Total Assets 46.5 33.4 Investin
Slide 6: Performance by Division
PERFORMANCE BY DIVISION
Slide 7: Wheels & Tyres
WHEELS & TYRES WHEELS & TYRES STRONG result in Wheels & Tyres driven by ongoing FY21 FY20 Change demand from the heavy transport and logistics sectors Significant commercial tyres growth partly offset by Revenue ($m) 22.7 13.0 +74% lower passenger tyre sales due to lockdowns Revenue of $22.7m, up 74
Slide 8: Repairs & Roadside
REPAIRS & ROADSIDE Repairs & Roadside was negatively impacted by Covid- REPARIS & ROADSIDE 19, however improved efficiencies helped offset FY21 FY20 Change Revenue of $16.0m, up 17% on FY20 Revenue ($m) 16.0 13.7 +17% EBITDA contribution of $0.9m, up 86% on FY20 EBITDA margin 5.8% Gross Profit ($m)
Slide 9: Motorsport
MOTORSPORT Motorsport rebounded strongly after a difficult FY20, MOTORSPORT with all growth achieved organically FY21 FY20 Change Revenue of $7.3m, up 31% on FY20 Revenue ($m) 7.3 5.7 +31% EBITDA contribution of $1.5m, up 252% on FY20 Gross Profit ($m) 3.2 2.5 +29% EBITDA margin 21.1% Gross Margin (
Slide 10: Performance & Accessories
PERFORMANCE & ACCESSORIES Performance & Accessories generated a strong PERFORMANCE & ACCESSORIES contribution in FY21 FY21 FY20 Change Revenue of $3.5m, up 6% on FY20 Revenue ($m) 3.5 3.3 +6% EBITDA contribution of $0.7m, up 107% on pcp Gross Profit ($m) 2.5 1.6 +55% EBITDA margin 21.1% Gross Margin
Slide 11: Acquisition Strategy
ACQUISITION STRATEGY
Slide 12: Acquisition Summary
ACQUISITION SUMMARY FY21 ACQUISITION SUMMARY Acquisition Announcement Description Consideration Earnings Strategic Benefits Date Contribution Gully Mobile Tyres 4 Sep 2020 Specialised industrial tyre $195k $66k EBITDA in Broadens RPM’s services in Victoria - 18% cash FY21 offerings in tyre - 82% equ
Slide 13: Acquisition Growth Strategy
ACQUISITION GROWTH STRATEGY RPM IS FOCUSED ON GROWING WHEELS & TYRES, REPAIRS & ROADSIDE AND PERFORMANCE & ACCESSORIES DIVISIONS 3-YEAR GROWTH PLAN BY DIVISION DIVISION DESCRIPTION GEOGRAPHICAL OPERATIONAL GROWTH TURNOVER GROWTH Motorsport Revolution Racegear 7 stores 3 new product ranges $9m & RPM
Slide 14: Acquisition Growth Strategy
ACQUISITION GROWTH STRATEGY RPM’s acquisition strategy is to identify similar complementary businesses to unlock synergies Target approximately ~50% scrip and ~50% cash (paid out over a period of time) consideration Aim to purchase businesses on attractive valuation metrics of 3.5 – 5x earnings Appl
Slide 15: Summary
SUMMARY
Slide 16: Summary
SUMMARY FY21 HIGHLIGHTS FY22 OUTLOOK Record revenue of $45.1m and EBITDA of $4.5m in A further two acquisitions announced in FY22 will FY21 continue the Company’s growth strategy 5 strategic acquisitions of complementary businesses $8m funding agreement with Collins St Value Fund to that will delive
Slide 17: Appendices
APPENDICES
Slide 18: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE1 SHARE PRICE PERFORMANCE ($/SHARE)1 Shares on Issue 121.5m Options 28.5m Share Price (27/08/21) $0.36 Market Capitalisation $45.0m 52-week High $0.470 52- week Low $0.125 1 Market data sourced from IRESS as of 30 June 2021 FOUNDERS’ INTERESTS REGISTER Lawrence Ja
Slide 19: Board of Directors
BOARD OF DIRECTORS Grant Carman - Non-Executive Chairman LAWRENCE JAFFE - EXECUTIVE DIRECTOR B.Ec, MBA, FCA. Lawrence is a co-founder and promoter of the RPM Group. A chartered accountant with over 30 years experience in corporate Lawrence has a strong financial background having worked in finance an
Slide 20: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Overview This document is issued by RPM Automotive Group Limited ACN RPM (“RPM Automotive” or “RPM”) on 30 August 2021. Summary Information This document contains summary information about RPM Automotive and its associated and proposed associated entities and their ac
Slide 21: Contact
CONTACT INVESTORS MEDIA Ronn Bechler Tristan Everett P: 0400 009 774 P: 0403 789 096 E: ronn.bechler@marketeye.com.au E: tristan.everett@marketeye.com.au Hugh Morgan P: 0407 453 109 E: hugh.morgan@marketeye.com.au FY21 INVESTOR PRESENTATION 21