Car Group Limited · ASX:CAR
Car — carsales.com — H1 FY2016 Earnings Presentation
32 slides from Car's earnings presentation, Feb 10, 2016
Slide 1: Half year results presentation to 31 December 2015
1 For personal use only half year results presentation to 31 December 2015
Slide 2: Disclaimer and Non-IFRS Information
2 Disclaimer and Non-IFRS Information For personal use only Disclaimer The material in this presentation has been prepared by carsales.com Limited (ASX: CAR) ABN 91 074 444 018 (“carsales") and is general background information about carsales’ activities current as at the date of this presentation.
Slide 3: Table of Contents
3 Table of Contents For personal use only Key Messages 4–6 Reported Group Financial Performance 7–9 carsales Domestic 10 – 14 carsales International 15 – 19 Outlook 20 – 21 New Product Releases 22 – 27 Appendix 28 – 31
Slide 4: Key Messages
4 For personal use only Key Messages to 31 December 2015
Slide 5: Organisational Structure
5 Organisational Structure For personal use only
Slide 6: Overview of H1 FY16
6 Overview of H1 FY16 For personal use only FINANCIAL OVERVIEW • Another record half year result. REPORTED REVENUE up • Reported H1 FY16 pcp growth in revenue of 11%, EBITDA of 12% and NPAT* of 11% to $167m 10%. NPAT* (before one-off gains) up 8% to $50m. DOMESTIC OVERVIEW • Solid revenue growth acr
Slide 7: Reported Group Financial Performance
7 For personal use only Reported Group Financial Performance to 31 December 2015
Slide 8: Financial Overview
8 Financial Overview $A Millions Growth Year Ending 31 December 2015 H1 FY15 H1 FY16 $'s % • Solid growth in revenue rising to $167.3m, up by 11% on pcp. Revenue • Operating expenses (before Interest and D&A) up 10% on pcp. Online Advertising 105.9 115.8 9.9 9% For personal use only • EBITDA up 12%
Slide 9: Reported Debt and Cash flow
9 Reported Debt and Cash flow Continued strong operating cash flows Comfortable credit metrics For personal use only Reported Operating Cash flow (column) and Reported Leverage Ratio conversion from EBITDA to cash (line) (Net debt / Annualised EBITDA) Millions Reported Net Interest Cover (Annualised
Slide 10: carsales Domestic
10 For personal use only carsales Domestic to 31 December 2015
Slide 11: Domestic Revenue Performance - Summary
11 Domestic Revenue Performance - Summary $A Millions Growth H1 FY16 SEGMENT REVENUE For personal use only Year Ending 31 December 2015 H1 FY15 H1 FY16 $'s % Domestic Revenue Dealer 53.8 58.8 5.0 9% Private 21.2 24.4 3.2 15% Display 30.9 32.6 1.7 6% Data, Research and Services 15.2 16.4 1.2 8% Finan
Slide 12: Domestic Revenue Performance by Segment
12 Domestic Revenue Performance by Segment For personal use only Millions Dealer Millions Dealer revenue up 9% on pcp to $58.8m Pleasing used car dealer enquiry volumes up 4.3% and improving new car enquiry volumes with Q2 showing positive pcp growth. Solid growth in depth products and pricing impro
Slide 13: Domestic Revenue Performance by Segment
13 Domestic Revenue Performance by Segment Data, Research and Services Data, Research and Services revenue up 8% to $16.4m For personal use only Millions Millions Continued solid pcp revenue growth from both Livemarket and Livetrade, driven by volume growth. Strong domestic Redbook revenue growth in
Slide 14: Domestic Market Overview
14 Domestic Market Overview For personal use only 3 4 5 6 7 Sources: 1. Nielsen Online Ratings, Unique Audience, average Oct - Dec 2015. 2. Nielsen Mobile Ratings, average Oct - Dec 2015. 3. carsales internal data, Webtrends, Dec 2014 - Dec 2015. 4. carsales internal data, Webtrends, Dec 2015. 5. AU
Slide 15: carsales International
15 For personal use only carsales International to 31 December 2015
Slide 16: International Portfolio
16 International Portfolio For personal use only • International Key Highlights • Strong double digit revenue growth rates across International. • Business model progression continues in all of our businesses to support future growth. • SoloAutos acquisition completed in the Half. See slide 29 regar
Slide 17: Asia – Underlying Results
17 Asia – Underlying Results SKENCARSALES Financials (49.9% Owned - Equity Accounted by CAR) 6 months to Dec 6 months to Dec For personal use only Pro-Forma (100%) PCP 31, 2014 31, 2015 KRWb KRWb % Underlying Revenue* 11.5 14.2 22 Underlying EBITDA* 6.5 7.2 11 Strong Financial Results. Underlying EB
Slide 18: Latin America – Underlying Results
18 Latin America – Underlying Results WebMotors Financials (30% owned - Equity Accounted by CAR) For personal use only 6 Months to Dec 6 Months to Dec Pro-Forma (100%) PCP 31, 2014 31, 2015 BRLm BRLm % WebMotors solid top line growth Underlying Revenue 44.3 50.4 14% Solid revenue growth overall with
Slide 19: Outlook
19 For personal use only Outlook to 31 December 2015
Slide 20: Performance Outlook
20 Performance Outlook For personal use only carsales Domestic Outlook H2 FY16 has commenced well with January once again proving to be an attractive month for car buyers in the domestic business. We continue to monitor our performance and market conditions. Assuming these are stable we anticipate r
Slide 21: New Product Releases
21 For personal use only New Product Releases to 31 December 2015
Slide 22: Desktop and App Notification Centre
22 Desktop and App Notification Centre For personal use only
Slide 23: New Car Launches
For personal use only New Car Launches 23
Slide 24: 2015 Carsales Car Of The Year
24 2015 Carsales Car Of The Year For personal use only
Slide 25: Owner and Expert Reviews
25 Owner and Expert Reviews For personal use only
Slide 26: Free Basic Ads
For personal use only Free Basic Ads 26
Slide 27: Instant Offer in Ad creation
27 Instant Offer in Ad creation For personal use only
Slide 28: Appendix
28 For personal use only Appendix to 31 December 2015
Slide 29: Overview of carsales Non-IFRS Financial Information
29 Overview of carsales Non-IFRS Financial Information What is IFRS and non-IFRS financial information? For personal use only • IFRS financial information is financial information that is presented in accordance with all relevant accounting standards. • Non-IFRS financial information is financial in
Slide 30: Look Through Revenue and EBITDA Performance
30 Look Through Revenue and EBITDA Performance For personal use only Look Through Revenue ($m) Look Through EBITDA ($m) Millions Millions CAGR 16.2% CAGR 13.8% NOTE: carsales “Look Through” methodology is: For equity accounted associates: Add the total revenue or EBITDA for the period of ownership w
Slide 31: carsales Look Through P&L Analysis
31 carsales “Look Through” P&L Analysis For personal use only * Investments in Tyresales (owned 50% from 1 July 2013), Auto Exchange (owned 50% from 1 July 2013), Stratton Finance (owned 50.1% from 15th July 2014), Auto Inspect (owned 50.1% from 26 June 2015) and Ratesetter (owned 15% from 12 March
Slide 32: For personal use only
For personal use only