Slide 1: Half Year Results Presentation
Half Year Results Presentation Half Year ended 31 December 2025
Slide 2: Disclaimer and Non-IFRS Information
Disclaimer and Non-IFRS Information Disclaimer The material in this presentation has been prepared by CAR Group Limited (ASX: CAR) ABN 91 074 444 018 (“CAR Group") and is general background information about CAR Group’s activities current as at the date of this presentation. The information is given
Slide 3: Agenda
Agenda 1 2 3 4 H1 FY26 Strategic Segment Financial Highlights Highlights Highlights Performance Page 4 - 10 11 - 18 19 - 27 28 - 38 3
Slide 4: H1 FY26 Highlights
1 4.H1 FY26 | Highlights
Slide 5: Financial Highlights
Financial Highlights CAR Group delivers excellent H1 FY26 financial results Proforma1 Revenue Proforma1 EBITDA Adjusted2 NPAT Reported3 NPAT $626m $339m $197m $143m 13% 14% 12% 12% 12% 11% 16% In CC4 in AUD In CC4 in AUD In CC4 in AUD In AUD $626m 54% 52.0cps 1.8x Reported3 Revenue Proforma1 EBITDA
Slide 6: Track Record of Growth
Track Record of Growth Proforma Revenue1 Proforma EBITDA1 ($AUDm) ($AUDm) 14% CAGR 14% CAGR 626 339 552 302 493 273 424 232 369 203 H1 FY22 H1 FY23 H1 FY24 H1 FY25 H1 FY26 H1 FY22 H1 FY23 H1 FY24 H1 FY25 H1 FY26 Adjusted NPAT2 Adjusted EPS3 ($AUDm) 22% CAGR (cents) 15% CAGR 197 52.0 177 47.0 163 43.
Slide 7: Operational Metrics
Operational Metrics Strong metrics demonstrate the growth and scale of our marketplaces 2.4 million 50 thousand 9.1 billion Vehicles online1 Subscribed dealers 2 Page views3 660 million 52 million 12 million Unique audience Dealer leads Total sessions4 per month5 delivered6 All arrows show change vs
Slide 8: Our Global Portfolio
Our Global Portfolio Key brands and group revenue contribution Australia North America Latin America Asia 40% 27% 20% 12% of Group of Group of Group of Group Revenue Revenue Revenue Revenue International represents ~59% of Group Revenue (1) Revenue contribution adds to 100% when investments segment
Slide 9: Global Brand Strength
Global Brand Strength Strong global brands driving market leadership Australia North America Latin America Asia Lead vs #21 Lead vs #21 Lead vs #21 Lead vs #21 6.4x 3.0x 4.4x 5.0x #2 #2 #2 #2 Unique Audience2 Unique Audience2 Unique Audience2 Unique Audience2 Up 5% Up 11% Up 12% Up 5% (1) Lead is sh
Slide 10: FY26 Outlook Reaffirmed
FY26 Outlook Reaffirmed We expect to deliver excellent growth in FY26 12-14% 10-13% 9-13% Proforma Revenue Proforma Adjusted NPAT growth EBITDA growth growth (in constant currency) (in constant currency) (in constant currency) These financial outcomes are dependent on a number of factors. These fact
Slide 11: Strategic Highlights
2. Strategic Highlights
Slide 12: CAR Group Strategy
CAR Group Strategy Purpose To make buying and selling a great experience Vision To be the global leader in online vehicle marketplaces Strengthen our Extend our Diversify and Operational core marketplaces grow excellence Strategic Take what we are doing well Build new experiences Invest in new marke
Slide 13: Global AI Hub To Drive Rapid Deployment
Global AI Hub To Drive Rapid Deployment Trust & Safety AI Technology Hub Key Areas of Focus Building core agentic AI capabilities Our new global AI hub in Brazil builds core agentic capabilities, with local teams adapting them for each Embedding AI deeply across the customer journey marketplace. Dev
Slide 14: Embedding AI Across the Customer Journey
charry_hongkong_ibd-rdc\home\Desktop\260205 Preso for GS.pptx Embedding AI Across the Customer Journey Transforming customer experience through scale, data, and innovation Built on Our Strengths Delivering Customer Value Faster Discovery Market Leadership & Trust Voice & conversational search making
Slide 15: Integrated Ecosystem with Proprietary Data
charry_hongkong_ibd-rdc\home\Desktop\260205 Preso for GS.pptx Integrated Ecosystem with Proprietary Data Powering seamless transactions through connected ecosystems and proprietary intelligence Deep Seller Ecosystem #1 Marketplaces Deep Buyer Ecosystem Inspections & Vehicle History Dealer ERP / DMS
Slide 16: Transforming Search and Discovery
Transforming Search and Discovery Advancing search capabilities on site and extending into LLM environments Conversational search released ChatGPT app ready to launch Fully AI-driven search experience ChatGPT app ready to launch 2x more likely to submit a lead using advanced AI search Trusted Brands
Slide 17: Elevating Merchandising and Sourcing
Elevating Merchandising and Sourcing Trust & Safety Strengthening Dealer value with AI Embedded AI Dealer Insights directly Guarantee inspections are utilising AI AI Merchandising Tools helping dealers into Autogate, to enable smarter to improve efficiency and accuracy create stronger listings with
Slide 18: Smarter and Faster Enquiry Qualification
Smarter and Faster Enquiry Qualification Trust & Safety Smart enquiry qualification has been rolled out across our platforms Key Features Always-on 24/7 customer support AI Home Agent Lead Nurturing Always-on support that answers Automatically nurtures early buyer buyers instantly, lifting enquiries
Slide 19: Segment Highlights
ae ear , 3. Segment Highlights
Slide 20: Key Segment Highlights: Australia
Key Segment Highlights Australia C2C Payments Autogate Dealer Tools C2C Payments continues to enable secure transactions, reducing buying and selling friction, unlocking future global With a modernised interface and deeper integration across growth opportunities. inventory, merchandising, and custom
Slide 21: Key Segment Highlights: Australia
Key Segment Highlights Australia Private Sell Media Instant Offer continues to perform strongly. The launch of Trade- Media continues to grow strongly, supported by ongoing product in with new vehicle purchases broadens seller options and supports enhancements, a more diversified advertiser base, an
Slide 22: Key Segment Highlights: North America
Key Segment Highlights North America Dealer Product Evolution Media Enhanced Dealer tools are deepening our integration with Strong media revenue growth reflects expanded OEM dealers and strengthening our value proposition. partnerships and the scaling of Xenara, our in-house media agency. Core Pro
Slide 23: Key Segment Highlights: North America
Key Segment Highlights North America Marine Data, Research & Services Private Concierge Marine represents one of the largest TAMs SSI equips dealers with market-share Our newly introduced Concierge service in the TI portfolio, presenting a meaningful insights to benchmark performance expands private
Slide 24: Key Segment Highlights: Latin America
Key Segment Highlights Latin America National Expansion Wallet webmotors’ expansion beyond São Paulo and Rio is reinforcing Brazil’s Wallet product is scaling rapidly, supported by growing its market leadership and widening the gap to the nearest dealer adoption of Santander’s finance loyalty progra
Slide 25: Key Segment Highlights: Latin America
Key Segment Highlights Latin America Depth Media Depth products delivering excellent value for dealers resulting Media revenue is a significant growth opportunity, supported by in a significant uplift in premium product adoption. a huge market, growing OEM demand and the benefit of leveraging proven
Slide 26: Key Segment Highlights: Asia
Key Segment Highlights Asia Guarantee Inspections Guarantee inspections continue to grow strongly in Korea, driven by the expansion of new inspection centres and the launch of Guarantee++. Feature Encar Guarantee Encar Guarantee ++ Guarantee ad 5X yield vs standard ad Inspection ✓ Standard vehicle ✓
Slide 27: Key Segment Highlights: Asia
Key Segment Highlights Asia Dealer Direct Encar Home Delivering an improved product offering and increased Encar Home applications have increased significantly, marketing investment is driving growth in Dealer Direct online bolstered by a 24/7 AI Agent to provide a seamless, fully trade-in transacti
Slide 28: Financial Performance
4. Financial Performance
Slide 29: P&L Summary
P&L Summary vs pcp $AUDm H1 FY25 H1 FY26 AUD % CC %1 P&L Summary Revenue 579 626 8% 7% • Excellent growth in revenue, EBITDA and NPAT Operating Expense (277) (287) (4%) (2%) • Depreciation and amortisation mainly relate to software assets, leases, Adjusted EBITDA 302 339 12% 12% 1 and building fit-o
Slide 30: Segment Performance
Segment Performance Revenue and Earnings growth in all key segments vs pcp Australia $AUDm H1 FY25 H1 FY26 AUD % CC %1 Australia2 232 251 8% 8% • Revenue and earnings increased due to continued market leadership, a strong customer value proposition, successful new product launches, and North America
Slide 31: Australia
Australia $AUDm vs pcp% Consumer intent – Are you looking to buy?1 Revenue Breakdown Revenue Dealer 128m 10% 27% 30% 251m 8% Private 54m 5% 62% 59% Adjusted EBITDA Medi 42m 10% 162m 8% DR&S 27m 6% 11% 11% Dec-24 Dec-25 New Used New or Used Australia Highlights Dealer & Private used car prices2 • Dea
Slide 32: North America
North America $AUDm vs pcp% $USDm vs pcp% RV1 +3% +0% Revenue Revenue 600 167m 13% 110m 13% Registrations 400 thousands 200 Adjusted EBITDA Adjusted EBITDA 0 H1 FY24 H1 FY25 H1 FY26 99m 11% 65m 11% Powersports1 1,200 (5%) +4% Registrations North America Highlights thousands 1,000 • Commercial market
Slide 33: Latin America
Latin America Brazil Central Bank interest rate1 and credit granted to $AUDm vs pcp vs pcp individuals for vehicle acquisition2 AUD % CC % Revenue 0.16 14.25% 14.75% 14.75% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 25 13.25% 13.25% 13.25% 126m 30% 23% 0.14 12.25% 21.7 20 0.12 20.5 19.5 0.1 18.6 18.5
Slide 34: Asia
Asia $AUDm vs pcp vs pcp Consumer Confidence Index1 AUD % CC % Revenue 101.8 108.7 110.8 111.4 110.1 109.8 112.4 109.9 91.2 95.2 93.4 93.8 88.2 75m 14% 17% Adjusted EBITDA 33m 11% 13% Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 MOLIT sales of new and us
Slide 35: Proforma EBITDA Margin Summary
Proforma EBITDA Margin Summary Excellent Group margins while investing to drive future growth Australia – Slight margin increase alongside ongoing investment in products for Latin America – Margin growth was driven by robust revenue increases, future growth. Investments include site simplification,
Slide 36: Strong Cash Flow and Robust Balance Sheet
Strong Cash Flow and Robust Balance Sheet Cashflow conversion Leverage, net debt Capex 95% EBITDA to cash conversion reflects the Leverage ratio remains prudent at 1.8x. Capex investment as a % of revenue was attractive working capital profile of stable. No increase expected due to AI. marketplace b
Slide 37: FY26 Outlook and Commentary Reaffirmed
FY26 Outlook and Commentary Reaffirmed FY26 Outlook FY26 Commentary Expect high single-digit % revenue growth driven by volume, yield and depth penetration in Dealer; volume, yield and Australia Instant Offer in Private; and continued product and advertiser diversification in Media. 12–14% North Ame
Slide 38: Key Takeaways
Key Takeaways CAR Group delivers excellent H1 FY26 financial results Excellent revenue growth of 13% in constant currency. On track to deliver a 5th consecutive year of double-digit growth. Excellent underlying earnings growth alongside investments in Marine in the US and Dealer Direct in Korea. Ver
Slide 39: Appendices
x Appendices
Slide 40: Overview of CAR Group Non-IFRS Financial Information
Overview of CAR Group Non-IFRS Financial Information What is IFRS and non-IFRS financial information? • IFRS financial information is financial information that is presented in accordance with all relevant accounting standards • Non-IFRS financial information is financial information that is present
Slide 41: Segment Details
Segment Details Proforma Adjusted $AUDm H1 FY25 H1 FY26 vs pcp AUD % vs pcp CC %1 H1 FY25 H1 FY26 vs pcp AUD % vs pcp CC %1 Dealer 117 128 10% 10% 117 128 10% 10% Private 52 54 5% 5% 52 54 5% 5% Media 1 38 42 10% 10% 38 42 10% 10% Online Advertising 207 224 9% 9% 207 224 9% 9% Data, Research and Ser
Slide 42: Reconciliation of Adjusted to Reported Financials
Reconciliation of Adjusted to Reported Financials $AUDm H1 FY25 H1 FY26 Commentary Adjusted EBITDA 302 339 A. A Restructuring and M&A costs include costs associated with Tyres exit, acquisitions and debt refinance Restructuring and M&A (10) (15) A B. B Amortisation on acquired intangibles primarily
Slide 43: Exchange Rates
Exchange Rates H1 FY25 H1 FY26 Average Closing Average Closing AUD / USD 0.66 0.62 0.66 0.67 AUD / KRW 1 910.0 913.0 915.1 964.0 AUD / BRL 3.76 3.84 3.52 3.68 AUD / CLP 620.3 615.0 620.7 600.6 1 43
Slide 44: Total Addressable Markets
Total Addressable Markets Volume Yield TAM Country Segment (m) (AUD) (AUDm) B2C 2.0 250 500 Digital retailing 0.2 700 110 Dealer Digital trade-in 0.5 500 225 Finance 0.1 490 50 Non-auto - - 200 Private 1.8 100 175 Media - - 800 Data & Services - - 500 Australia Total 2,560 RV 0.8 667 500 Powersports