Amotiv Limited · ASX:AOV
Amotiv — Investor Presentation (April 2025)
34 slides from Amotiv's investor presentation, Apr 8, 2025
Slide 1: Thai Manufacturing Investor Visit
Thai Manufacturing Investor Visit Graeme Whickman, CEO and MD Aaron Canning, Chief Financial Officer Jason Kieseker, 4WD Division CEO David Cecil, Chief Strategy, Sustainability and Innovation officer 8th April, 2025
Slide 2: Disclaimer
Disclaimer Important notices This Presentation has been prepared by Amotiv Limited (ABN 99 004 400 891) (“Amotiv” or “Company”). Summary information This Presentation contains summary information about Amotiv and its activities current as at the date of this presentation. The information in the Pres
Slide 3: Schedule
Schedule This facility visit provides investors with an in-depth look at our 4WD manufacturing operations, beginning with a presentation in Bangkok before travelling to our facility in Chonburi. The visit includes a guided facility tour, insights into our capabilities, future plans, and an opportuni
Slide 4: Contents
Contents Group Overview 5 Graeme Whickman, Chief Executive Officer Amotiv Unified 9 David Cecil, Chief Strategy, Sustainability and Innovation Officer 4WD Manufacturing 14 Jason Kieseker, 4WD Divisional CEO Tariffs Update 25 Aaron Canning, Chief Financial Officer Appendix 28 TriMotive Asia Pacific S
Slide 5: Group Overview
Group Overview Graeme Whickman, CEO and MD
Slide 6: Amotiv is a diversified automotive parts company benefiting from resilient, largely ICE agnostic revenues
Amotiv is a diversified automotive parts company benefiting from resilient, largely ICE agnostic revenues that are increasingly from offshore markets2 Strategically positioned – combining Global strategic footprint – expands reach and TAMs supported by major manufacturing sites located resilience an
Slide 7: Focused on strategic imperatives to drive growth within existing portfolio
Focused on strategic imperatives to drive growth within existing portfolio 01. Enterprise optimisation Long term Strategic Imperatives ‒ Leverage scale – “Amotiv Unified” 4WD Accessories & Trailering ▪ Establish and drive Amotiv Unified platforms ✓ Be the leader in 4WD Accessories and Trailering in
Slide 8: H1 progress on FY25 strategic imperatives
H1 progress on FY25 strategic imperatives Enterprise optimisation – South Africa Build offshore Operational Capital ‘Amotiv Unified’ manufacturing revenue excellence Management 2025 • 4WD NZ cost out • Successfully • Strong Vision X • Delivered industry • Share buyback initiated • LPE rightsizing co
Slide 9: Amotiv Unified
Amotiv Unified David Cecil, Chief Strategy, Sustainability & Innovation Officer
Slide 10: 'Amotiv Unified': the next evolution of our business
‘Amotiv Unified’: the next evolution of our business Amotiv Unified is the maturing of the Auto pure play. We’re ready to unify. • Auto pureplay established, TIMELINE opening-up potential to manage business in a more integrated way Sep 2023 Automotive Pure Play Davey Divestment realises automotive p
Slide 11: Amotiv Unified aligns and re-imagines our critical business platforms
Amotiv Unified aligns and re-imagines our critical business platforms Straight-forward objectives and design Multi-year evolution of our critical Business Platforms • Simplify for efficiency & effectiveness, building a AMOTIV’S BUSINESS PLATFORMS sustainable, leverageable growth platform Product, So
Slide 12: Projects staggered in 3 waves over 3 years to manage 'initiative overload'
Projects staggered in 3 waves over 3 years to manage ‘initiative overload’ The overall program will comprise 25-30 projects WAVE 3 Commencing 2027 WAVE 2 Commencing • Sourcing & Procurement: optimise make vs buy framework WAVE 1 2026 • Brand Management: re-define brand Commencing positioning and voi
Slide 13: Targeting $15m
Amotiv Unified will deliver significant benefits across our business Tangible benefits of the overall program will include: ✓✓✓ Simpler technology and data environments Better coordination between the nodes of our ✓✓✓ Australian network, and our supplier networks ✓✓ Improved customer services
Slide 14: 4WD Accessories and Trailering
4WD Accessories and Trailering Jason Kieseker, 4WD Divisional CEO
Slide 15: 4WD Accessories and Trailering division – Key dimensions
4WD Accessories and Trailering division – Key dimensions Key Dimensions Geographic Footprint Manufacturing in South Africa c. 350m c. 1,300 Pretoria, SA FY24 revenue employees APG Chon Buri (Thailand) Manufacturing Hub 21 8 OE support and sourcing Tokyo, Japan sites Manufacturing sites Shanghai, Chi
Slide 16: Thailand manufacturing underpins our Competitive Advantage
Thailand manufacturing underpins our Competitive Advantage Competitive Advantage DEEP OE PARTNERSHIPS LEGENDARY BRANDS MANUFACTURING EXPERTISE ENGINEERING INNOVATION Build share-of-wallet with OEM Leverage towing and suspension Sweat global manufacturing asset Invest in best-in-class design and part
Slide 17: Thailand's cost advantage & strategic location a key competitive advantage
Thailand’s cost advantage & strategic location a key competitive advantage Skilled low-cost manufacturing base + Pick-up truck factory of SE Asia Significant cost advantage and efficient supply chain Thailand is a global hub for 1T pickup manufacturing • Low labour cost with wage rates ~20% of Austr
Slide 18: Thailand is a global pick-up truck production powerhouse
Thailand is a global pick-up truck production powerhouse, producing Australia’s top selling pick-ups and large SUVs …exporting Australia's top-selling …and their matching Large SUV Concentration of global OEMs within pick-ups platforms 200km of Bangkok Ford Ranger Ford Everest #1 Australia 63k #1 Au
Slide 19: Dual factory and dealer-fit model provides OEs flexibility
Dual factory and dealer-fit model provides OEs flexibility to tweak features throughout the vehicle program Example: Ford Ranger Model Hierarchy and Features Towbar OE ADVANTAGES Fitment Rate1 Raptor Top range Factory-fit cost-advantage Performance engine and • Towbars are practically standard suspe
Slide 20: Pre-acquisition APG focused on ANZ…4WD now driving international growth
Pre-acquisition APG focused on ANZ…4WD now driving international growth 4WD Accessories and Trailering – Key Geographies Previous ownership constrained APG focus to ANZ markets • APG was constrained to selling in the APAC region as part of Horizon Global Amotiv investment in opening international ma
Slide 21: Growth capex is adding capacity and capability to increase OE share of wallet
Growth capex is adding capacity and capability to increase OE share of wallet 4WD growth capex reflects capacity expansion incl. offshore markets Functional accessories wining greater share of OE wallet Growth and sustaining capex for 4WD Division ($m) OE Functional Accessories Major Customer Acquis
Slide 22: Investment in product development and manufacturing has delivered $27m in run-rate revenue
Investment in product development and manufacturing has delivered $27m in run-rate revenue, with a further $32m won and on the way Automotive OE incremental wins since acquisition Realising PD and manufacturing investment Functional Accessories & Towing1 • Sustained investment in engineering and man
Slide 23: Continued investment in Thailand manufacturing has driven sourcing improvement and new business wins
Continued investment in Thailand manufacturing has driven sourcing improvement and supported new business wins 1. FUNCTIONAL ACCESSORY WINS 2. INTERNATIONAL CUSTOMERS 3. LOW-COST MANUFACTURING 4. CRUISEMASTER CAPACITY • OE partnerships driving functional • Building international customer base • Offs
Slide 24: Thailand capacity expansion to support future growth
Thailand capacity expansion to support future growth THAILAND FACTORY FOOTPRINT CURRENT UTILISATION FUTURE CAPACITY EXPANSION ◼ Factory 1 – Towbar & Suspension ◼ Factory 1 – Towbar & Suspension Capex investment ~$25m since 2005 • Dedicated mild steel production factory • Original Thailand towbar fac
Slide 25: Tariff Update
Tariff Update Aaron Canning, CFO
Slide 26: Amotiv group has limited direct exposure to tariff changes: ~8% of revenue
Amotiv group has limited direct exposure to tariff changes: ~8% of revenue Amotiv’s manufacturing & sourcing footprint supporting USA jurisdiction Summary of tariff changes ~8% of Amotiv’s Group revenue is relevant to Amotiv dependent on US market • Reciprocal tariffs introduced, covering • Amotiv e
Slide 27: Q&A
J, Amotiv Q&A
Slide 28: Appendix
J, Amotiv Appendix
Slide 29: South Africa is a key automotive manufacturing hub for global markets
South Africa is a key automotive manufacturing hub for global markets South Africa is a key manufacturing hub for automotive OEMs … … with production growing to 500-600k vehicles p.a. Gauteng • BMW, Nissan and Ford manufacturing plants South Africa Light Vehicle Production Volumes • ~200k light vehi
Slide 30: South Africa vehicle models and market characteristics mirror Australia
South Africa vehicle models and market characteristics mirror Australia … with Hilux, Ranger and D-Max the top … and a car parc which mirrors ANZ South Africa is a strong pick-up market… sellers… SA shares common vehicle make and models with ~27% of new vehicle sales in SA are light commercial Like
Slide 31: APG Top 20 down, strong RAV4 sales concealing drop in Pick Ups & large SUVs
APG Top 20 down, strong RAV4 sales concealing drop in Pick Ups & large SUVs Australia: APG Top 20 down prior FY YTD New Vehicle Sales1 in Key Segments and Markets: FY25 YTD (Feb) vs FY24 YTD (Feb) (Not to same scale) • Pick Up category down 15% for the FY YTD (Feb) Australia + New Zealand = ANZ Comb
Slide 32: APG Top 20 Pickups and Large SUV Q3 sales showing volatility
APG Top 20 Pickups and Large SUV Q3 sales showing volatility Pickups in APG Top 20 volatile sales New Vehicle Sales1 in Key Vehicle Segments: FY25 Q3 YTD vs FY24 Q3 YTD (Not to same scale) trajectory JANUARY + FEBRUARY = FY25 Q3 (YTD Feb) • Within Pick up segment we still see wide PICKUPS IN APG TOP
Slide 33: 4WD Accessories and Trailering (4WD) – Key drivers
4WD Accessories and Trailering (4WD) – Key drivers APG Top 20 slightly down overall ANZ, with pick ups down materially and model mix still highly variable – Caravan volumes reflect slowing industry APG Top 20 Sales Variance - ANZ FY25 H1 v New Vehicle Sales – Australia – CY16 to APG Top 20 New Vehic
Slide 34: Caravan product presents further growth opportunities
Caravan product presents further growth opportunities 765K Caravans registered in Australia 24K Caravans manufactured in Australia ↓ MANY 765,1501 caravans registered in in CY23, + 5.3% on pcp Represents 29 caravans per 1,000 population (ptp) Brands active in the market; Caravan Production Volume hi