Rpm Automotive Group Ltd. · ASX:RPM
Rpm Automotive — H1 FY2024 Earnings Presentation
22 slides from Rpm Automotive's earnings presentation, Feb 28, 2024
Slide 1: H1 FY2024 Results Presentation
H1 FY2024 RESULTS PRESENTATION RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 28 FEBRUARY 2024 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 1
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Overview This document is issued by RPM Automotive Group Limited ACN 002 527 906 RPM (“RPM Automotive” or “RPM”) on 28 February 2024. Summary Information This document contains summary information about RPM Automotive and its associated and proposed associated entities
Slide 3: Agenda
AGENDA ABOUT RPM • Clive Finkelstein 4 H1 FY24 KEY DRIVERS • Guy Nicholls 7 FINANCIAL REVIEW • Rebecca Payne 11 OUTLOOK • Guy Nicholls 15 Q&A 17 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 3
Slide 4: About RPM
ABOUT RPM 4 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 4
Slide 5: About RPM - Four Complementary Divisions
ABOUT RPM - FOUR COMPLEMENTARY DIVISIONS REPAIRS PERFORMANCE WHEELS & ROADSIDE MOTORSPORT & ACCESSORIES & TYRES Commercial & Industrial Certified race safety wear, Bolt on vehicle parts and Distribution of wheels and Tyre and auto suits and helmets accessories tyres service centres Retail Retail Ret
Slide 6: National Coverage In The Automotive Industry
NATIONAL COVERAGE IN THE AUTOMOTIVE INDUSTRY RPM business units offer wheels, tyres, accessories and apparel to In brief both wholesale and retail (B2B commercial, industrial and consumer) customers 12 strategic acquisitions since Sept 2020 - leveraging operational Successful record of capability (s
Slide 7: Key Financial Drivers H1 FY24
KEY FINANCIAL DRIVERS H1 FY24 7 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 7
Slide 8: H1 FY24 Key Financial Drivers
H1 FY24 KEY FINANCIAL DRIVERS H1 FY24 Group Revenue increased +2.2% to $57 REVENUE million H1 FY24 Group Gross Margin increased 420 bps to GROSS MARGIN 35% to $20 million up 16.2% on H1 FY23 OPERATING COSTS Operational Costs $14.6 million, flat on H1 FY23 H1 FY24 Group EBITDA $5.4 million, 23% up on
Slide 9: Track Record Of Revenue And Earnings Growth
TRACK RECORD OF REVENUE AND EARNINGS GROWTH Sales Revenue Reported EBITDA (by division) ($m) (by division) ($m) 140 12 120 10 H1 FY24 Key Highlights Guidance Guidance 100 8 80 • EPS up 48% pcp 6 • NPAT up 74% pcp 60 4 • Gross Margin up 16% pcp 40 • EBITDA up 23% pcp 2 20 0 0 FY20 FY21 FY22 FY23 FY24
Slide 10: H1 FY24 Diversified Revenue Streams
H1 FY24 DIVERSIFIED REVENUE STREAMS H1 FY24 Revenue, GP Margin & EBITDA (by division) Revenue Gross Profit EBITDA $20.7m $20.2m $12.9m $7.3m $4.5m $5.4m $5.0m $1.5m $2.2m $2.3m $1.1m $0.7m Repairs & roadside Motorsport Performance & accessories Wheels & tyres REPAIRS PERFORMANCE WHEELS & ROADSIDE MO
Slide 11: Financial Review
FINANCIAL REVIEW 11 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 11
Slide 12: H1 FY24 Profit And Loss Statement
H1 FY24 PROFIT AND LOSS STATEMENT H1 FY24 Key Highlights P&L - A$ millions 1H FY24 1H FY23 % chg Revenue 56.9 55.7 2% • Revenue growth of 2.2% in line with Cost of goods sold -37.0 -38.6 -4% expectations and auto market conditions Gross profit 19.9 17.1 16% Gross profit % 35% 31% 14% • Gross margin
Slide 13: H1 FY24 Cash Flow Statement
H1 FY24 CASH FLOW STATEMENT H1 FY24 Key Highlights Summary cashflow, $A millions 1H FY24 1H FY23 Variance to 1H FY23 Receipts from customers 57.0 55.4 1.6 • Net cash from operations improved Payments to suppliers and employees -51.6 -54.9 3.3 materially following renewed focus Interest and other inc
Slide 14: H1 FY24 Statement Of Financial Position
H1 FY24 STATEMENT OF FINANCIAL POSITION Abbreviated Statement of Financial Position, A$ millions 1H FY24 1H FY23 Movement % chg H1 FY24 Key Highlights Cash and cash equivalents 4.0 4.4 -0.4 -9% Trade and other receivables 16.8 18.1 -1.3 -7% • Renewed focus on Working capital Inventories 28.0 25.1 2.
Slide 15: Outlook
OUTLOOK 15 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 15
Slide 16: Outlook
OUTLOOK • FY24 Group revenue expected to exceed $130 million GUIDANCE • FY24 Group EBITDA range $11 to 13 million • Continuing product expansion in our retail divisions and PRODUCT EXPANSION to better service our customers • Growth in wholesale division from expansion in VIC and GEOGRAPHIC organic g
Slide 17: Q&A
Q&A 17 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 17
Slide 18: Appendix
APPENDIX 18 RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 18
Slide 19: Three Core Strategies To Better Service Our Customers
THREE CORE STRATEGIES TO BETTER SERVICE OUR CUSTOMERS Strategic initiatives Vertical integration Operating leverage • Identify complementary businesses • Capitalise on in house design • Consolidate brands to maximise to unlock synergies through cross capability to bring new products to brand awarene
Slide 20: Experienced Board Of Directors & Managers
EXPERIENCED BOARD OF DIRECTORS & MANAGERS LAWRENCE JAFFE CLIVE FINKELSTEIN GRANT CARMAN GUY NICHOLLS REBECCA PAYNE NON-EXECUTIVE CHAIRMAN CEO/MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR COO/EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER Co-founder of RPM Co-founder of RPM Chartered accountant with over Ove
Slide 21: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE – 27 FEBRUARY 2024 REGISTER Shares on Issue 196m Vendors Options (Exp.03/24 @ $0.435) 6m 19% Wholesale/Retail Share Price $0.080 32% Market Capitalisation $15.72m Institutions 18% Management & Staff 31% MA JOR SHAREHOLDERS Clive Finkelstein (CEO/MD) ~12% Lawrence
Slide 22: Media & Investors
MEDIA & INVESTORS E: INVESTORS@RPMGROUP.NET.AU RPM AUTOMOTIVE GROUP LTD (ASX: RPM) www.rpmgroup.net.au RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 22
Rpm Automotive Group — H1 FY2024 Earnings Presentation on 6ix