Uni-Select — RBC Annual Industrial/Transport Conference 2017
15 slides from Uni-Select's conference presentation, May 16, 2017
Slide 1: RBC Annual Industrial/Transport Conference
RBC Annual Industrial/Transport Conference May 16, 2017
Slide 2: Preliminary Comments
PRELIMINARY COMMENTS Forward-looking statement: The information provided in this presentation contains some forward-looking statements, which include certain risks and uncertainties, and may cause the final results to be significantly different from those listed or implied within this presentation.
Slide 3: Uni-Select – At a Glance
UNI-SELECT – AT A GLANCE Founded in 1968, Uni-Select is the leader in the distribution of automotive refinish and industrial paint and related product in North America, as well as a leader in the automotive aftermarket parts business in Canada KEY INFORMATION Fiscal year ending December 31, 2016 Adj
Slide 4: A Leader in Large and Growing Markets
A LEADER IN LARGE AND GROWING MARKETS KEY MARKET DRIVERS ● More vehicles on the road: Sales of new vehicles are at an all-time high in Canada and in the US combined, reaching $19.5 million in 2016 from $13 million in 2010 ● Vehicle age remains at all-time high: The average age of vehicles has never
Slide 5: FinishMaster US
A LEADER IN LARGE AND GROWING MARKETS FINISHMASTER US Largest North American distributor of automotive and industrial refinish products and equipment. We operate in 33 states, from coast to coast, across the United States 32% market share of the US $2.7B Automotive Paint and Paint Material Market in
Slide 6: FinishMaster US: Expanding Geographic Coverage & Building Market Density
A LEADER IN LARGE AND GROWING MARKETS FINISHMASTER US Expanding Geographic Coverage & Building Market Density # of US Stores • First branch in Portland Oregon, a greenfield location Beginning of Q1 2017 204 • First two locations in the State of Alaska Acquisitions 18 • Expanding footprint in New Jer
Slide 7: Tapping into US Industrial Coatings Market
A LEADER IN LARGE AND GROWING MARKETS FINISHMASTER US Tapping into US Industrial Coatings Market 17% Target Market: Estimated Market Engaging in four primary industrial segments $11B Paint Value of Industrial Coatings 12% • FinishMaster US Industrial Coatings revenues of ~$60 million 62% Market Pain
Slide 8: Canadian Automotive Group: Automotive Aftermarket Parts
CANADIAN AUTOMOTIVE GROUP AUTOMOTIVE AFTERMARKET PARTS A leader in the distribution of automotive aftermarket parts, tools and equipment, industrial and paint & related products. We operate across Canada. 20% market share of the C$2.6B warehouse distribution segment in the Canadian 10 16K+ automotiv
Slide 9: Canadian Independent Customers and Corporate Stores
CANADIAN AUTOMOTIVE GROUP AUTOMOTIVE AFTERMARKET PARTS Canadian Independent Customers and Corporate Stores • Total sales were up 7.6% in Q1 2017 driven by accretive business acquisitions • Positive organic sales growth of 3.4%, excluding one independent member loss • Overall, net new number of custo
Slide 10: FY 2016 - Solid Operational Results
FY 2016 - SOLID OPERATIONAL RESULTS % Revenue 1300 Total Sales (2) +13% 1250 (YoY) 2016 2015 2016 2015 1200 1,197 Total Sales 1,197.3 1,355.4 1150 Sales from net assets sold - (299.3) +15.0% 1100 Gross margin 366.6 402.6 30.6% 29.7% (2) 1050 1,056 +0.2% -1.4% +0.1% -0.5% Employee benefits 175.6 213.
Slide 11: Q1 2017 Highlights – Financial Results
Q1 2017 HIGHLIGHTS – FINANCIAL RESULTS % Revenue (Millions of $ ) Q1 2017 HIGHLIGHTS (YoY) Q1 17 Q1 16 Q1 17 Q1 16 Total Sales 297.2 264.0 • Q1 2017 sales were up 13% following Gross margin 93.9 80.1 31.6% 30.3% business acquisitions Employee benefits 48.6 39.7 16.3% 15.0% • Positive organic growth,
Slide 12: Q1 2017 – Sources and Uses of Funds
Q1 2017 – SOURCES AND USES OF FUNDS (vs. Q1 2016) (Millions of $ ) Operating Financing Business Others Q1 2017 HIGHLIGHTS (YoY) activities activities acquisitions • Operating activities totaled $3 million, an $11 million improvement from Q1 2016 • Financing activities reached $74 million +73.8 -78.0
Slide 13: Strong Financial Position
STRONG FINANCIAL POSITION (Millions of $ ) Total net debt(1) (end of the period) Q1 2017 HIGHLIGHTS 278 (1) 260 ● Total net debt outstanding was $199 million with an unused credit facility of $208 million 199 ● Net debt increased by $87 million in Q1 2017 112 mainly for business acquisitions and, to
Slide 14: Commitment to Share Value Creation
COMMITMENT TO SHARE VALUE CREATION Dividend per share (C$) RISING DIVIDEND IN 2017 0.335 ● Quarterly dividend payment of C$0.085 per share 0.315 in Q1 2017 0.29 0.26 0.26 ● Announcing a quarterly dividend increase of 8.8% to C$0.0925 per share in Q2 2017 ● Strong financial position to pursue organic
Slide 15: Contact info
Contact info: Investorrelations@uniselect.com
Uni-Select — RBC Annual Industrial/Transport Conference 2017 on 6ix