Autocanada Inc. · TSX:ACQ
Autocanada — Investor Presentation (September 2024)
12 slides from Autocanada's investor presentation, September 2024
Slide 1: AutoCanada Investor Presentation September 2024
AUTOCANADA (TSX:ACQ) INVESTOR PRESENTATION September 2024
Slide 2: Forward-Looking Statements and Non-GAAP and Other Financial Measures
Forward-Looking Statements and Non-GAAP and Other Financial Measures Forward-Looking Statement Certain information contained in this presentation is forward-looking information within the meaning of applicable Canadian securities legislation. The use of any of the words “could”, “expect”, “believe”,
Slide 3: Capital Market Profile
Capital Market Profile Stock Quote and Capitalization Table • Ticker: ACQ-TSX • Market Cap: $334.4 M1 • Recent Share Price: $14.781 • Net Debt: $454.1 M2 • 52 Week Hi/Lo: $27.54/$13.741 • Enterprise Value: $798.5 M3 • Shares Outstanding: 23.3 M1 • Revolving Floorplan Facility: $1.3 B • Float: 60.3%1
Slide 4: Who We Are
Who We Are One of Canada’s largest dealer groups offering a full range of products, services and brands: • NEW LIGHT VEHICLE - 83 OEM Franchises Selling 28 Automotive Brands in 8 Canadian Provinces & 1 U.S. State. • USED LIGHT VEHICLE – Used car retail operations across franchise dealerships, used c
Slide 5: Management Team
Management Team • ~100 years combined experience in automotive, technology, business transformation and M&A. • Executive Chairman holds ~10.2% interest in ACQ, combined with equity ownership by other management team members, ensures alignment with shareholders. ACQ Tenure Experience Biography Paul A
Slide 6: Industry Overview
Industry Overview Over 3,700 OEM Franchise Over 18,300 OEM Franchise Over 4,150 collision repair Over 31,000 collision repair Dealerships in Canada1 Dealerships in the U.S.3 shops in Canada6 shops in the U.S.6 •1.6 million New Vehicles1 •13.8 million New Vehicles4 •$2.4 billion Total Sales6 •US$44.8
Slide 7: Segment Results
Segment Results For the three-months ended June 30, 2024 C$ M unless noted Q2/2024 % Change Revenue Gross Profit Revenue Gross Profit New Vehicle 694.0 51.1 -1.7% -18.0% Used Vehicle 624.1 6.3 -15.7% -86.5% Parts & Service 162.4 93.3 -8.8% -2.7% Collision Repair 30.6 16.1 13.4% 7.2% Finance & Insura
Slide 8: Consolidated Results
Consolidated Results For the three-months ended June 30, 2024 Q2 Q2 % YTD YTD % C$ M unless noted 2024 2023 Change 2024 2023 Change Revenue 1,601.0 1,756.3 -8.8% 3,021.9 3,295.6 -8.3% Gross Profit 249.7 318.7 -21.7% 479.0 573.7 -16.5% Operating Expense 221.9 229.0 -3.1% 433.5 440.6 -1.6% Floorplan E
Slide 9: Operating Expenses
Operating Expenses For the three-months ended June 30, 2024 C$ M unless noted Q2 2024 Q2 2023 % Change YTD 2024 YTD 2023 % Change Employee Costs 138.2 146.1 -5.4% 265.7 278.2 -4.5% Administrative Costs 67.0 66.3 1.0% 133.8 130.7 2.4% Expected Credit Losses on Trade and Other Receivables 0.7 0.6 23.3
Slide 10: Financial Leverage
Financial Leverage As at June 30, 2024 June December C$ M unless noted 2024 2023 Revolving Term Facilities 183.5 186.2 Senior Unsecured Notes 345.9 345.4 Other Funded Debt 17.9 18.3 Total Funded Debt 547.2 549.9 Less: Allowable Cash Netting 70.0 69.8 1 Total Net Funded Debt 477.2 480.1 1 Total Net F
Slide 11: Recent Events & Outlook
Recent Events & Outlook Recent Events: • Completed strategic divestiture of two Stellantis stores in Alberta on September 10, 2024, in line with our commitment to focus on core operations, improve profitability and reduce leverage. Outlook: • Macro-economic factors observed in recent quarters, inclu
Slide 12: For further information, please contact
For further information, please contact: Samual Cochrane, Chief Financial Officer Email: scochrane@autocan.ca