Rpm Automotive Group Ltd. · ASX:RPM
Rpm Automotive — Investor Presentation (February 2023)
12 slides from Rpm Automotive's investor presentation, Feb 28, 2023
Slide 1: 1H FY23 Financial Results Investor Presentation
1H FY23 FINANCIAL RESULTS INVESTOR PRESENTATION RPM AUTOMOTIVE GROUP LTD (ASX: RPM) FEBRUARY 2023 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 RPM (“RPM Automotive” or “RPM”) on 27 February 2023 Summary Information This document contains summary information about RPM Automotive and its associated and proposed associated entities and their act
Slide 3: Establishing a National Footprint in the Automotive Aftermarket
ESTABLISHING A NATIONAL FOOTPRINT IN THE AUTOMOTIVE AFTERMARKET RPM business units offer wheel, tyre, accessories and apparel to both wholesale (B2B commercial and industrial) and retail (consumer) customers RPM has grown its product range, network footprint and internal capabilities by acquisition
Slide 4: 1H FY23 Results Overview
1H FY23 RESULTS OVERVIEW 1H FY23 1H FY22 1H FY23 Key Highlights Sales Revenue $55.7m $34.4m +62% • Solid revenue growth at Gross Profit $17.6m $10.9m +68% stable gross profit margins Reported EBITDA $4.3m $3.1m +42% • Margin pressure from increase in staff costs and Underlying EBITDA* $4.9m $3.2m +5
Slide 5: Four Complementary Business Units
FOUR COMPLEMENTARY BUSINESS UNITS REPAIRS PERFORMANCE WHEELS & ROADSIDE MOTORSPORT & ACCESSORIES & TYRES Tyre and auto Certified race safety wear, Bolt on vehicle parts and Distribution of wheels and service centres suits and helmets accessories tyres Retail Retail Retail & Wholesale Wholesale • Ret
Slide 6: Track Record of Revenue and Earnings Growth
TRACK RECORD OF REVENUE AND EARNINGS GROWTH Sales revenue Underlying EBITDA contribution • Organic growth of 8% in 1H (by business unit) ($m) (by business unit) ($m) FY23 140 12 120 FY23 Guidance Range: FY23 Guidance Range: • Strong performance of $120m-$130m $10.5m-$12m 10 Vicwide Tyre Services and
Slide 7: Metro Tyre Services
METRO TYRE SERVICES ACQUISITION COMPLETED FEB 2023 Metro Key Financials $10m $1.1m • Metro is a full-service tyre dealer, providing 24/7 onsite mobile tyre fitting repairs and servicing, specialising in earthmoving, FY22 Revenue FY22 EBITDA forklift and commercial tyre sales, fitting, service and re
Slide 8: Stronger Balance Sheet
STRONGER BALANCE SHEET Key Covenants • A $3m equity raise completed January 2023 • The $26m bank facility with CBA (announced December 2022) includes commercial loans, asset finance and trade Net Leverage Ratio <3.0x finance. • Defined as total drawn bank debt, plus outstanding earn-out • The trade
Slide 9: Operational Restructure to Save $1.6M
OPERATIONAL RESTRUCTURE TO SAVE $1.6M An operational restructure of the administration department and retail network has already commenced to address several issues: • Inflationary pressures: Reviewing product pricing and cost Insert picture of goods across the business • Labour shortages driving ov
Slide 10: FY23 Outlook
FY23 OUTLOOK • Updated guidance: FY23 expected revenue range of $120m - $125m and FY23 EBITDA range between $10.5m - $12m, on a consolidated basis. • Operational restructure: Focus on execution and positive impact on working capital and operating cash flow in second half. • Near-term M&A on hold: Fo
Slide 11: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE REGISTER Shares on Issue 183.5m Vendors Options 6m 17% Wholesale/Retail Share Price (20/2/23) $0.135 34% Market Capitalisation $24.8m Institutions 18% Management &… MA JOR SHAREHOLDERS Clive Finkelstein (CEO/MD) ~14% Lawrence Jaffe (Executive Director) ~14% Manag
Slide 12: Media & Investors
MEDIA & INVESTORS KATIE MACKENZIE T: +61 455 502 197 E: INVESTORS@RPMGROUP.NET.AU RPM AUTOMOTIVE GROUP LTD (ASX: RPM) www.rpmgroup.net.au RPM AUTOMOTIVE GROUP LTD (ASX: RPM) 12
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