Slide 1: Investor Presentation June 2017
Investor Presentation June 2017
Slide 2: Our Brands
Our Brands | AUTO PARTS / THE PARTS PROFESSIONALS PRECISION 77N auTomorive EQUIPMENT Se eCarParts ese @ é (ims ABS
Slide 3: Hellaby brands
Hellaby brands Automotive Resource Services Footwear 3
Slide 4: Agenda
Agenda 1 H1 FY2017 Results recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 4
Slide 5: H1 FY2017 Results recap
1 H1 FY2017 Results recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 5
Slide 6: H1 FY2017 Result Highlights
H1 FY2017 Result Highlights H1 FY2017 H1 $ million Variance (3) FY2016 Revenue 435.1 324.4 34.1% Gross Margin %(1) 45.0% 43.5% 1.5pp EBITDA – pro-forma 49.2 34.5 42.5% NPAT – pro-forma(2) 27.8 19.3 44.0% NPAT – statutory 25.3 19.3 30.7% EPS(3) (cps) – pro-forma 10.64 7.98 33.4% EPS(3) (cps) – statut
Slide 7: Summary of Key Performance Indicators
Summary of Key Performance Indicators Revenue EBITDA * EBITDA margin * 11.3% 11.2% 11.1% 10.5% 685.6 77.0 9.9% 435.1 49.2 341.6 375.3 41.5 306.3 324.4 36.0 34.5 30.2 FY2013 FY2014 FY2015 FY2016 1H FY2016 1H FY2017 FY2013 FY2014 FY2015 FY2016 1H FY2016 1H FY2017 FY2013 FY2014 FY2015 FY2016 1H FY2017
Slide 8: Hellaby Update
1 H1 FY2017 Result recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 8
Slide 9: Hellaby Acquisition recap
Hellaby Acquisition recap Bapcor completed a $420M acquisition of Hellaby Holdings (HHL) based in New Zealand in January 2017. HHL has 3 segments – Auto, Resource Services, Footwear. Key segment for BAP is the Auto segment. The HHL business is complementary to BAP’s existing business focus, wi
Slide 10: Hellaby Integration Status
Hellaby Integration Status Hellaby Corporate office wind down commenced – due to be completed 1HFY18 Combined workshops held including all of the Bapcor automotive businesses with objective of Increasing the knowledge throughout Bapcor business units of what each of the business units has to o
Slide 11: Hellaby Non-Core Assets Divestments Status
Hellaby Non-Core Assets Divestments Status Divestiture process underway for the non-core assets of Hellaby Following up on business units that have expressed interest Resource Services being advised by FNZC. Footwear being advised by Miles Partners. Comfortable with the initial acquisition
Slide 12: Bapcor Auto Mix (Post Hellaby Acquisition - Post Divestments)
Bapcor Auto Mix (Post Hellaby Acquisition - Post Divestments) Sales (annualised) EBIT (annualised) 1,400 160.0 1,200 140.0 1,000 120.0 100.0 800 80.0 600 60.0 400 40.0 200 20.0 0 0.0 Trade Retail SW Total Trade Retail SW Total Burson Hellaby Burson Hellaby 26% 33% 47% 48% 26% 20% Trade Retail SW Tra
Slide 13: Trading Update
1 H1 FY2017 Result recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 13
Slide 14: Trading Update Q4FY17
Trading Update Q4FY17 The Trade segment continues to perform solidly and in line with expectations. Currently at 159 stores and target approximately 160 by 30 June Retail business continues to experience heavy discounting by competitors. Bapcor continues to focus on profit maximization - not c
Slide 15: FY17 NPAT Guidance
FY17 NPAT Guidance Guidance remains unchanged The Bapcor Business FY17 full year NPAT excluding the acquisition of Hellaby and related transaction costs is expected to be in the range of $57M to $59M. (previous guidance $54.5M to $56.7M). The inclusion of the three Hellaby businesses of Auto,
Slide 16: Strategic Plan
1 H1 FY2017 Result recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 16
Slide 17: Frequently Asked Questions – Addressing The Myths
Frequently Asked Questions – Addressing The Myths Non Core Divestments • In process as addressed under Hellaby in presentation Amazon / on line retailing Likely to focus on electronics, toys, clothing in initial stages If and when auto parts introduced, likely to be on products that do not requi
Slide 18: Australian Car Park Forecast Model – Impact of Electric Vehicles
Australian Car Park Forecast Model – Impact of Electric Vehicles Electric vehicles reach 50% of Car Park – i.e. 2041 Assumptions: Starting Car Park (Year 0): 18.4m cars Annual growth of total car park: 2% • With the above assumptions input into the model: New Cars Sold Year 1: 1.1m cars Annual growt
Slide 19: Strategic Plan
1 H1 FY2017 Result recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 19
Slide 20: Group Business 5 Year Strategic Targets and Current Status
Group Business 5 Year Strategic Targets and Current Status AUS Target NZ Target Trade focussed “parts Target 25% TRADE professionals” supplying workshops Own brands 200 157 TBD 54 Stores Stores AUS Target NZ Target Premium Retailer of Automotive Target 35% 200 TBD Accessories Own brands 120 AB Store
Slide 21: Q&A
1 H1 FY2017 Result recap 2 Hellaby Update 3 Trading Update 4 Frequently Asked Questions 5 Strategic Plan 6 Q&A 21
Slide 22: Thank You
Thank You 22