Autocanada Inc. · TSX:ACQ
Autocanada — Q3 2024 Earnings Presentation
12 slides from Autocanada's earnings presentation, November 2024
Slide 1: AutoCanada (TSX:ACQ) Investor Presentation
AUTOCANADA (TSX:ACQ) INVESTOR PRESENTATION November 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 statements contained in this investor presentation are forward-looking statements and information (collectively “forward-looking statements”), within the meaning of the applicable Canadian securiti
Slide 3: Capital Market Profile
Capital Market Profile Stock Quote and Capitalization Table • Ticker: ACQ-TSX • Market Cap: $350.01 • Recent Share Price: $15.121 • Total Net Funded Debt: $479.7 M2 • 52 Week Hi/Lo: $27.44/$13.751 • Enterprise Value: $829.7M3 • Shares Outstanding: 23.2 M1 • Revolving Floorplan Facility: $1.2 B • Flo
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: Consolidated Results
Consolidated Results For the three-months ended September 30, 2024 • Q3 2024 reflected softer market conditions in Canada, with macroeconomic headwinds pressuring GPU’s across the industry, and continued challenges in the US business. • Canadian operations saw flat Q3 revenue at $1.4 billion, with g
Slide 8: Segment Results
Segment Results For the three-months ended September 30, 2024 C$ M unless noted Q3/2024 % Change Revenue Gross Profit Revenue Gross Profit New Vehicle 718.7 47.3 6.7% -21.6% Used Vehicle 614.6 21.8 -10.9% -31.7% Parts & Service 170.0 92.5 1.7% 2.7% Collision Repair 31.5 17.5 8.6% 24.1% Finance & Ins
Slide 9: Operating Expenses
Operating Expenses For the three-months ended September 30, 2024 • Overall operating expenses declined due to reduced variable employee costs, which aligned with lower gross profits and associated commissions, along with stricter hiring and discretionary spending controls. • Despite a 3.5% decrease
Slide 10: Financial Leverage
Financial Leverage As at September 30, 2024 September December C$ M unless noted 2024 2023 Revolving Term Facilities 182.0 186.2 Senior Unsecured Notes 346.1 345.4 Other Funded Debt 21.7 18.3 Total Funded Debt 549.7 549.9 Less: Allowable Cash Netting 70.0 69.8 1 Total Net Funded Debt 479.7 480.1 1 T
Slide 11: Recent Events & Outlook
Recent Events & Outlook Outlook: • The Canadian automotive industry continues to be impacted by elevated prices, a softening labor market, and higher interest rates. While recent rate cuts may ease affordability pressures over time, lingering inflation is expected to steer Canadian consumers toward
Slide 12: For further information, please contact:
For further information, please contact: Samuel Cochrane, Chief Financial Officer Email: scochrane@autocan.ca