Aston Martin Lagonda Global Holdings Plc · LSE:AML
Aston Martin Lagonda Global — Q2 2025 Earnings Presentation
26 slides from Aston Martin Lagonda Global's earnings presentation, Jul 30, 2025
Slide 1: H1 2025 Results
H1 2025 Results Interim results for the second quarter and six months ended 30 June 2025 H1 2025 Results, 30 July 2025
Slide 2: Agenda
Agenda CEO Review 3 Financial Review 9 Appendix 19 H1 2025 Results, 30 July 2025
Slide 3: Adrian Hallmark, Chief Executive Officer
Adrian Hallmark CHIEF EXECUTIVE OFFICER H1 2025 Results, 30 July 2025
Slide 4: H1 2025 Summary
H1 2025 Summary Continued focus on disciplined operational performance ahead of significant ramp up in H2 volumes supported by further Core product innovation and new groundbreaking Specials • H1 performance reflected fewer Specials and a disciplined approach to production and deliveries – Retail vo
Slide 5: Ongoing core product innovation
VANTAGE ROADSTER VANQUISH VOLANTE THRILL.DRIVEN. ZENITH.DRIVEN. Ongoing core ENGINEERED FOR PURIST DRIVERS product VENI VIDI VANQUISH innovation DBX S VANTAGE S supporting H2’25 POWER.DRIVEN. THRILL. DRIVEN. THE SUPERCAR OF SUVs UNRELENTING THRILL H1 2025 Results, 30 July 2025
Slide 6: Exclusive Specials from Q4'25
VALHALLA VALKYRIE LM MASTERY.DRIVEN. IMPOSSIBLE.DRIVEN. Exclusive Specials from Q4’25 H1 2025 Results, 30 July 2025
Slide 7: Repositioning Transforming Performing
Transitioning to a high-performance company Phase 2 advancing well with new initiatives identified to support operational and financial improvements in the future Phase 1 Phase 2 Phase 3 Repositioning Transforming Performing Completed In focus Future Establishing foundation for Transition to a Reali
Slide 8: Demonstrable transformation progress made in 2025
Demonstrable transformation progress made in 2025 Strengthening the position of the Company through strong discipline operational excellence Brand awareness and demand Cost base optimisation and Product innovation Excellence in quality and generation productivity enhancements throughout the lifecycl
Slide 9: Doug Lafferty, Chief Financial Officer
Doug Lafferty CHIEF FINANCIAL OFFICER H1 2025 Results, 30 July 2025
Slide 10: H1 2025 financial summary
H1 2025 financial summary Performance reflects fewer Specials mix and disruption caused by U.S. tariff implementation Last twelve months 6,620 Total Wholesales1 6,412 • As guided, H1 2025 volumes broadly (Units) 6,030 in line with prior year period H1’25: 1,922 reflecting disciplined approach to Q2’
Slide 11: Wholesale volumes & Average Selling Prices (ASP)
Wholesale volumes & Average Selling Prices (ASP) Volumes reflect disciplined approach to production and stock optimisation; Total ASP impacted by fewer Specials while Core ASP benefits from next generation models Total ASP: £206k, down 25% Total H1 2025 wholesales1: 1,922, down 4% Core ASP: £192K, u
Slide 12: H1 2025 wholesales by region
H1 2025 wholesales1 by region Balanced delivery across regions with contribution from across the core range of next generation models, ahead of H2 volume ramp up from new Vantage Roadster, Vanquish Volante, DBX S, Vantage S and Valhalla YoY change in wholesales by region 2% 28% (20%) (9%) Ex. China
Slide 13: H1 2025 gross margin
H1 2025 gross margin Gross margin decline reflecting fewer Specials, investment in quality improvements and U.S. tariffs (%) (4.2%) 0.9% 0.5% (6.3%) (1.6%) 38.6% 27.9% H1 Core Wholesales 1 Specials Wholesales1 M&L FX Other H1 2024 2025 Core Wholesales Specials Wholesales Manufacturing & Logistics Co
Slide 14: H1 2025 adjusted EBIT
H1 2025 adjusted EBIT 22% decrease in adjusted EBIT YoY reflecting fewer Specials, partially offset by favourable core mix and a reduction in Net OpEx and D&A (£m) EBT Analysis (100) £m H1 2025 H1 2024 Adjusted EBITDA (3.0) 62.2 (122) D&A (118.5) (162.0) (16.6)% 44 margin Adjusted EBIT (121.5) (99.8
Slide 15: H1 2025 free cash flow
H1 2025 free cash flow Free cash broadly stable YoY; reflects lower EBIT and higher net interest, partially offset by a reduction in capital expenditure and working capital outflow (£m) 109 (36) (141) (4) (45) (321) (171) (69) 1 2 EBT Add back D&A/other Tax paid Cash generated after Working Capital
Slide 16: H1 2025 cash & debt
H1 2025 cash & debt Total liquidity* of £228m to be enhanced by c. £110m from forthcoming sale of AMR GP shares and ahead of positive free cash flow generation in H2 2025 (£m) £m H1 2025 H1 2024 Loan notes** (1,310.6) (1,140.5) Inventory financing (38.0) (38.9) Bank loans and overdrafts (58.7) (88.1
Slide 17: Continue to expect significantly stronger H2 2025 performance compared with H1 2025
Continue to expect significantly stronger H2 2025 performance compared with H1 2025 Expecting positive FCF generation in H2 2025 and FY 2025 adjusted EBIT improving towards breakeven Slight revision to FY 2025 Guidance FY 2027/28 Targets Unchanged Reflects increased uncertainty and headwinds Total w
Slide 18: Q&A
Q&A H1 2025 Results, 30 July 2025
Slide 19: Appendix
Appendix Income statement 20 Cashflow, Balance Sheet & Net Debt 21 Alternative performance measures 22 Racing. Green. sustainability strategy overview 23 Employee Engagement 24 Disclaimer 25 Contacts 26 H1 2025 Results, 30 July 2025
Slide 20: Income Statement
Income Statement H1 2025 vs H1 2024 and Q2 2025 vs Q2 2024 £m H1 2025 H1 2024 Q2 2025 Q2 2024 Revenue 454.4 603.0 220.5 335.3 Cost of sales (327.8) (370.1) (159.1) (202.1) Gross profit 126.6 232.9 61.4 133.2 Gross margin % 27.9% 38.6% 27.8% 39.7% Adjusted operating expenses (248.1) (332.7) (118.4) (
Slide 21: Cashflow, Balance Sheet & Net Debt
Cashflow, Balance Sheet & Net Debt H1 2025 vs H1 2024 and Q2 2025 vs Q2 2024 £m H1 2025 H1 2024 Q2 2025 Q2 2024 Cash used in operating activities (81.0) (71.9) (49.9) (10.4) Cash used in investing activities (excl. interest) (170.6) (200.1) (80.8) (113.8) Net cash interest (paid)/received (69.4) (40
Slide 22: Alternative performance measures
Alternative performance measures In the reporting of financial information, the Directors have adopted various Alternative Performance Measures ("APMs"). APMs should be considered in addition to IFRS measurements. The Directors believe that these APMs assist in providing useful information on the un
Slide 23: Racing. Green. sustainability strategy overview
Racing. Green. sustainability strategy overview Aston Martin is embracing a new, driving ambition: to be a world-leading sustainable ultra-luxury automotive business. This ambition is the central objective of our sustainability strategy, Racing. Green. Sustainability reports and disclosures ESG rati
Slide 24: Employee Engagement
Employee Engagement Our People Strategy has been developed to accelerate progress towards a world-class employee experience 24 H1 2025 Results, 30 July 2025
Slide 25: Disclaimer
Disclaimer This presentation has been prepared by Aston Martin Lagonda Global Holdings PLC (“AML”) solely for use at the H1 2025 results analyst and investor meetings being held on 30th July 2025 in connection with a discussion of its H1 2025 results. For the purposes of this notice, this “presentat
Slide 26: Aston Martin Lagonda Investor Relations Team
Aston Martin Lagonda Investor Relations Team investor.relations@astonmartin.com www.astonmartinlagonda.com James Arnold – Head of Investor Relations james.arnold@astonmartin.com Tel: +44 (0) 7385 222347 Ella South – Investor Relations Analyst ella.south@astonmartin.com Tel: +44 (0) 7776 545420 H1 20
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