Slide 1: Annual General Meeting presentation 28 October 2016
1 Annual General Meeting presentation 28 October 2016
Slide 2: Disclaimer and Non-IFRS Information
2 Disclaimer and Non-IFRS Information 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. The information is giv
Slide 3: Key Messages
3 Key Messages to 30 June 2016
Slide 4: Organisational Structure
Organisational Structure carsales @) SERVICES CLASSIFIEDS CONTROLLED DOMESTIC INVESTMENTS CONTROLLED INTERNATIONAL INVESTMENTS mediamotive DATAMQO TIVE Red: El LiveTrade @ LiveMarket ae [Ryvuss [ood Sameingsctos SMeatosct (“*) im MINORITY INTERNATIONAL INVESTMENTS @webmotors MINORITY DOMESTIC INVEST
Slide 5: Overview of FY16
5 Overview of FY16 FINANCIAL OVERVIEW • Pleasing full year results. REPORTED REVENUE up • FY16 pcp growth in revenue of 10%, EBITDA of 10% and adjusted NPAT* of 9%. 10% to $344m Reported NPAT** up 6% to $109m. DOMESTIC OVERVIEW • Strong H2 revenue growth across all online advertising and data resear
Slide 6: FY16 Operational Highlights
6 FY16 Operational Highlights * Figures stated are for all websites in the carsales Network globally
Slide 7: Reported Group Financial Performance
7 Reported Group Financial Performance to 30 June 2016
Slide 8: Financial Overview
8 Financial Overview $A Millions Growth Year Ending 30 June 2016 FY15 FY16 #039;s % • Solid growth in revenue rising to $344.0m, up by 10% on pcp. Revenue • Operating expenses (before Interest and D&A) up 10% on pcp. Online Advertising 216.5 240.7 24.2 11% • EBITDA up 10% on pcp to $170.3m. Data & Rese
Slide 9: Strong track record of financial performance
9 Strong track record of financial performance REPORTED REVENUE REPORTED EBITDA ADJUSTED NPAT Millions Millions Millions CAGR 16.9% CAGR 13.9% CAGR 11.5% Once again carsales continues to demonstrate consistent high returns to its shareholders.
Slide 10: Reported Debt and Cash flow
10 Reported Debt and Cash flow Continued strong operating cash flows Improved credit metrics Reported Operating Cash flow (column) and Reported Leverage Ratio conversion from EBITDA to cash (line) (Net debt / Annualised EBITDA) Millions FY16 FY15 Reported Net Interest Cover (Annualised EBITDA / Annu
Slide 11: carsales Domestic
11 carsales Domestic to 30 June 2016
Slide 12: Domestic Revenue Performance - Summary
12 Domestic Revenue Performance - Summary $A Millions Growth Year Ending 30 June 2016 FY15 FY16 #039;s % Domestic Revenue Dealer 112.8 123.8 11.0 10% Private 43.0 51.1 8.1 19% Display 60.6 65.8 5.2 9% Total Online Advertising 216.4 240.7 24.3 11% Data, Research and Services 33.0 35.9 2.9 9% Finance and
Slide 13: Domestic Revenue Performance by Category
13 Domestic Revenue Performance by Category Millions Dealer Millions Dealer revenue up 10% on pcp to $123.8m Solid new and used car dealer enquiry volumes. Full year used enquiry volumes up 3% and in H2 new car enquiry volumes saw pcp growth. Pleasing used and new inventory growth of 8% and 15% resp
Slide 14: Domestic Revenue Performance by Category
14 Domestic Revenue Performance by Category Display Millions Display revenue up 9% to $65.8m Continued improvement in revenue trend growth to 9% on pcp (FY15 3% on pcp). Refreshed new car showroom launched to provide new opportunities for display. Despite ongoing changes in OEM advertising policies
Slide 15: Domestic Revenue Performance by Category
15 Domestic Revenue Performance by Category Finance and Related Services Revenue up 6% to $63.0m Strong growth in core finance broking revenue up 31% on pcp. $A Millions Growth All About Finance acquisition integrated into core Stratton Year Ending 30 June 2016 FY15 FY16 #039;s % operations and perform
Slide 16: carsales International
16 carsales International to 30 June 2016
Slide 17: International Portfolio
17 International Portfolio $A Millions Growth • International Key Highlights Year Ending 30 June 2016 FY15 FY16 #039;s % • Strong double digit revenue growth rates across International. • Business model progression continues in all of our businesses Revenue 2.9 4.4 1.5 54% to support future growth. EBI
Slide 18: Asia – Underlying Results
18 Asia – Underlying Results SKENCARSALES Financials (49.9% Owned - Equity Accounted by CAR) 12 months to 30 12 months to 30 Pro-Forma (100%) PCP June 2015 June 2016 KRWb KRWb % Underlying Revenue* 24.9 30.0 20.6% Underlying EBITDA* 14.5** 15.6 7.6% Strong Financial Results. Underlying EBITDA(%)* 58
Slide 19: Latin America – Underlying Results
19 Latin America – Underlying Results WebMotors Financials (30% owned - Equity Accounted by CAR) 12 Months to 30 12 Months to 30 Pro-Forma (100%) PCP June 2015 June 2016 BRLm BRLm % WebMotors continuing solid growth Underlying Revenue* 87.7 99.4 13.3% Pleasing double digit growth in both dealer and
Slide 20: Latin America – Underlying Results
20 Latin America – Underlying Results SoloAutos Financials (65% owned – Consolidated by CAR) 2 Oct 2014 to 30 2 Oct 2015 to 30 Pro-Forma (100%) PCP June 2015 June 2016 MXPm MXPm % Reported Revenue N/A 5.9 N/A Reported EBITDA N/A (7.5) N/A SoloAutos Reported EBITDA (%) N/A N/A N/A Solid revenue perfo
Slide 21: Outlook
21 Outlook to 30 June 2016
Slide 22: Performance Outlook
22 Performance Outlook carsales Domestic Outlook Domestic core business performance in the first quarter of FY17 has remained solid and we expect this to continue throughout the first half assuming market conditions remain unchanged. Domestic adjacent businesses continue to build good scale and brea
Slide 23: New Product Releases
23 New Product Releases to 30 June 2016
Slide 24: Redbook Inspections
Redbook Inspections 2015 Mercedes-Benz C250 Auto Enquire on this car ] $3,000" = a a) © 24608 Km sedan y Automatic “om Send Enquiry ey 4091201 Turbo Petro! Seller's Details S ee ce eo AM mesecingcen i econo Seller's phone umber @ 5 uy this car with peace of mind. Key Details Redi inspect Vehicle Des
Slide 25: Motoring.com.au Refresh
Motoring.com.au Refresh breakthrough BMI M2 CSL - and more! ee a,
Slide 26: New Car Showroom
New Car Showroom Torso Australia's biggest new car showroom brand new cars and counting a ——— <= =, @ © @ 2—e i. ——" = Qo e--o —wT ition ad Femme
Slide 27: Native Advertising
Native Advertising toring Volvo XC60 Polestar 2016 Review Mazda CX-5 2016 Review Mid-size Swedish SUV gets option of dealer-fit Practical, comfortable and seriously popular, sporty Polestar makeove. this value-for-money SUV. Lexus RX 2016 Review Renault Megane RS: The French hatch that has taken on