Autocanada Inc. · TSX:ACQ
Autocanada — Shareholder Meeting (June 2020)
12 slides from Autocanada's shareholder meeting presentation, Jun 25, 2020
Slide 1: AutoCanada 2020 Annual General Meeting
AUTOCANADA 2020 ANNUAL GENERAL MEETING JUNE 25, 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain information contained in this presentation looks forward in time and deals with other than historical or current facts for AutoCanada Inc. (“AutoCanada” or the “Company”). The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated”, “
Slide 3: 2019 Highlights
2019 Highlights 2019 Performance – Significant Progress Against Key Priorities Operationalize Go Forward Plan § From Q2 2019 through Q4 2019, we significantly moved the needle on our AEBITDA run rate, establishing and optimizing our initiatives • Finance and Insurance (F&I) • Collision Centres • Pro
Slide 4: 2019 Highlights (cont'd)
2019 Highlights (cont’d) 2019 Performance – Significant Progress Against Key Priorities Reset the Balance Sheet – Debt and Leverage § Reduced net debt by $145 million year over year • Sale-leasebacks • Underperforming dealership divestitures • Working Capital management • Strong operations performan
Slide 5: AutoCanada – "Then" vs "Now"
AutoCanada – “Then” vs “Now” Systematic Transformation of New Operational Methodology Since Fall of 2018 Prior Philosophy(1) Current ü Continued focus on New Vehicle Sales • Enhanced OEM alignment Business • Primarily focused on new vehicle sales ü Enhanced focus on Used Vehicle Sales, F&I, PS&CR Se
Slide 6: Proven Ability to Outperform in New Vehicle Sales
Proven Ability to Outperform in New Vehicle Sales AutoCanada Outperforming the Canadian New Vehicle Market • AutoCanada outperformed the Canadian new vehicle market despite somewhat weaker conditions in 2019 o New initiatives put in place provides opportunity to continue outperformance Same Store Ne
Slide 7: Q1 2020 Performance
Q1 2020 Q1 2020 Performance • Record revenues in first two months of the year combined; earnings tracking with strong YoY improvement • Outperformed Canadian New Retail market for fifth consecutive quarter • U.S. operations AEBITDA improved against prior year • Refinancing of senior unsecured debent
Slide 8: Managing Through COVID-19 - Enhancing Agility and Financial Flexibility
Managing Through COVID-19 - Enhancing Agility and Financial Flexibility Focus on preserving cash and strengthening the business • Net Debt reduction of approximately $20 -$25 million anticipated for Q2 2020 as compared to Q1 2020 ü Amended Credit Facility • Covenant relief through to Q2 2021 ü Lower
Slide 9: Steady Improvements Since Onset of COVID-19
Steady Improvements Since Onset of COVID-19 2020 Canadian Retail Vehicle Unit Count YoY % Change • Favourable trending since end of April, showing positive and significant growth in June to date 6% (9)% (54)% (49)% (16)% 28% 43% 16% 16% 4% 4% (3%) (21%) (30%) (38%) (44%) (60%) (57%) Jan - Feb Mar 1
Slide 10: 2019 Dealership Accomplishments
2019 Dealership Accomplishments 2019 10
Slide 11: Recent Dealership Accomplishments
Recent Dealership Accomplishments MAY 2020 # in Western Canada # in Western Canada # in Western Canada # in Atlantic Canada # in Southern Ontario # General Motors Dealership in Saskatchewan # Volkswagen Dealership in Alberta & #2 in all of Canada 11 # Dealership in all of Ontario
Slide 12: Thank You
AUTOCANADA 2020 ANNUAL GENERAL MEETING THANK YOU investors.autocan.ca