Bapcor Ltd · ASX:BAP
Bapcor — Shareholder Meeting (October 2021)
20 slides from Bapcor's shareholder meeting presentation, Oct 19, 2021
Slide 1: 2021 Annual General Meeting Chair's Address
ASX/Media Announcement Bapcor Limited (ASX:BAP) 19 October 2021 2021 Annual General Meeting (I) Chair’s Address I am delighted to present to you my first annual general meeting of shareholders Chair’s report which is for the year ended 30 June 2021. The 2021 financial year delivered record results a
Slide 2: Chair's closing and CEO presentation notice
The success of Bapcor is in our people. On behalf of the Board, I wish to express my gratitude to our leadership team and to all Bapcor team members for an exceptional year. We also thank our shareholders, franchisees, customers and suppliers for their ongoing support and contribution to the continu
Slide 3: Managing Director & CEO Presentation
ANNUAL GENERAL MEETING 2021 MANAGING DIRECTOR & CEO PRESENTATION WHAT’S AT THE HEART OF BAPCOR?
Slide 4: Who is Bapcor?
WE ARE THE UNSEEN PARTS OF EVERY JOURNEY WHO IS BAPCOR? Bapcor Limited is Asia Pacific’s leading provider of vehicle parts, accessories, equipment, service and solutions. From our origins as Burson Auto Parts in 1971, Bapcor has since grown into a vertically integrated business servicing trade, whol
Slide 5: Asia Pacific's leading provider of vehicle parts
WE ARE ASIA PACIFIC’S LEADING PROVIDER OF VEHICLE PARTS, ACCESSORIES, COUNTRIES LOCATIONS PEOPLE EQUIPMENT, SERVICE AND SOLUTIONS 750K+ CAR PARTS 8 ~1,100 ~5,000 ACROSS THE IN AUSTRALIA, TEAM ASIA PACIFIC NEW ZEALAND MEMBERS AND ASIA 400K+ TRUCK PARTS * Includes Tye Soon (Bapcor holds 25% equity int
Slide 6: We are growing our footprint
SOUTH KOREA Locations 20 Tye Soon Limited branches (Operating as Sejong Parts Plus WE ARE GROWING Limited Liability Company) OUR FOOTPRINT THAILAND Locations 6 Plus 1 Tye Soon Limited branch (Operating as Pal Everts Co., Ltd) HONG KONG Team members 70 Locations FY21 Revenue $5m SINGAPORE 1 Tye Soon
Slide 7: Predominantly a distributor and wholesaler of vehicle parts
BAPCOR IS PREDOMINANTLY A FY21 BAPCOR REVENUE BREAKDOWN DISTRIBUTOR AND 10% discretionary > 90% of the Bapcor’s revenue is attributable to parts that must WHOLESALER OF be purchased otherwise a vehicle will not be able to be driven safely NON-DISCRETIONARY – c.80% of Bapcor’s revenue is generated by
Slide 8: Group of specialist businesses delivering specialist products and advice
DELIVERING SPECIALIST PRODUCTS AND ADVICE FOR RESPECTIVE CUSTOMER GROUPS WE ARE A GROUP CUSTOMER DISTRIBUTOR/ WORKSHOP END CONSUMER GROUP OF SPECIALIST RESELLER BUSINESSES TRADE > specific focus on supplying automotive trade workshops in Australia, New Zealand and Thailand SPECIALIST WHOLESALE BAPCO
Slide 9: We deliver results
WE DELIVER RESULTS REVENUE EPS EBITDA 18% FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Revenue ($’m) 342 375 686 1,014 1,237 1,297 1,463 1,762 26% FY14 TO FY21 CAGR FY14 TO FY21 CAGR 34% FY14 TO FY21 CAGR EPS (cents) 11.9 13.6 17.9 24.4 31.0 33.4 30.2 38.3 EBITDA ($’m) 36.0 41.5 77.0 117.4 150.0 164.6 21
Slide 10: We have a plan and are well positioned to grow
WE HAVE A PLAN AND ARE WELL POSITIONED TO GROW Drive expansion of Supplement market Realise benefits and Invest in our team network footprint – leading brands with Bapcor efficiencies of the members physical and online own brand products Bapcor Group > Grow existing store sales > Moving closer to th
Slide 11: Strategic priorities and targets
WE HAVE STRATEGIC OVER THE NEXT 5 YEARS, BAPCOR SEEKS TO PRIORITIES AND GROWTH OWN BRAND TARGETS GROW THE NETWORK GROW OUR OWN Increase our footprint from c.1,100 BRAND PROGRAMS Underpinned by our core strategic pillars are a locations to over 1,500 locations Increase market penetration Positively c
Slide 12: We are investing for the future
WE ARE INVESTING FOR THE FUTURE > On road vehicles* are increasing in Australia and New Zealand by c.350,000 per year – Average age of vehicles is getting older – Number of parts required continue to increase > The only aftermarket business to supply parts for all on road vehicles – Parts for every
Slide 13: We are responsible and committed
WE ARE RESPONSIBLE AND COMMITTED Positively impact Environmental Ethical supply Good governance – supporting our community sustainability chain/procurement and developing our people > Engage stakeholders and support the > Aspire to be net carbon neutral > Ethical sourcing > Uphold our values and cod
Slide 14: FY22 trading update/outlook
FY22 TRADING UPDATE/OUTLOOK > Solid start to FY22 – overall Group revenue flat in Q1 FY22 v Q1 FY21 – Result demonstrates the resilience and non-discretionary nature of Bapcor’s businesses – NSW, VIC, ACT and NZ impacted by prolonged lockdowns – at least 70% of the stores affected Number of days in
Slide 15: FY22 trading update/outlook (continued)
FY22 TRADING UPDATE/OUTLOOK (CONTINUED) > Overall Group revenue in line with last year: – Non-lockdown areas are overperforming to expectation – Lockdown areas are impacted negatively to expectation % stores impacted Segment Revenue Q1 FY22 Q1 FY21 FY21 Revenue* by Segment by lockdowns Q1 FY22 vs Q1
Slide 16: FY22 trading update/outlook (continued)
FY22 TRADING UPDATE/OUTLOOK (CONTINUED) > Higher cost base due to: – Duplication / higher costs associated with the Victoria Distribution Centre – Group office – Team member support during lockdown > Gross margins: – Stable across Wholesale and New Zealand – Down c.0.5% in Trade and Retail due to re
Slide 17: FY22 trading update/outlook (continued)
FY22 TRADING UPDATE/OUTLOOK (CONTINUED) > The fundamentals of the vehicle aftermarket continue to remain strong, notably: – An additional c.350,000 vehicles are added to the Australian & NZ vehicles on the road every year – Average age of vehicles continues to rise = more maintenance required – Tren
Slide 18: What is at the heart of Bapcor?
WHAT IS AT THE HEART OF BAPCOR? 1. A group of specialist businesses 2. A business which focuses on the distribution and wholesaling of non-discretionary vehicle parts for repairs, maintenance and servicing in the automotive aftermarket 3. Team members are the heart and soul of the business 4. A busi
Slide 19: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Bapcor Limited (“Bapcor”) ABN 80 153 199 912 and is general background information about Bapcor’s activities current at the date of this presentation. The information is given in summary form and does not purport to be complete. Infor
Slide 20: Asia Pacific's leading provider of vehicle parts, accessories, equipment, service and solutions
Asia Pacific’s leading provider of vehicle parts, accessories, equipment, service and solutions