Motorcycle Holdings Ltd. · ASX:MTO
Motorcycle — Morgans Conference 2020
14 slides from Motorcycle's conference presentation, Oct 6, 2020
Slide 1: ASX Announcement: Morgans conference presentation
ASX Announcement (ASX: MTO) 6 October 2020 Morgans conference presentation MotorCycle Holdings Limited (ASX:MTO) is pleased to provide shareholders with the presentation to be given at the Morgans Conference in Brisbane on 6 October 2020. The presentation will be given by Mr David Ahmet, Managing Di
Slide 2: Motorcycle Holdings Limited FY2021 trading update
Motorcycle Holdings Limited FY2021 trading update
Slide 3: Disclaimer and important information
Disclaimer and important information ► This presentation may contain certain unaudited financial information in relation to MotorCycle Holdings Limited (MTO). As such, it has not been subject to an audit or an audit process or otherwise independently verified. ► This presentation may contain certain
Slide 4: Agenda
Agenda Current trading Victoria trading Debt reduction FY2021 outlook MotorCycle Holdings I FY2021 – Trading Update 3
Slide 5: Current trading
> Current trading MotorCycle
Slide 6: Current trading
Current trading ▸ Industry-wide units increased 57% in July, and 23% in August - road bike unit sales not as strong ▸ Used bike demand has been strong, but sales limited by stock availability ▸ Increased margins on new and used bikes due to limited supply of stock ▸ Cassons sales increased 20% on FY
Slide 7: Victoria trading
Victoria trading MotorCycle Holdings
Slide 8: Victoria trading
Victoria trading ▸ Six Victorian stores were unable to open - sales have continued by phone and internet with contactless delivery ▸ Initial fears normal monthly sales of $6 million would be 100% lost ($9 million over a 6-week expected shutdown) ▸ Sales maintained at 50% of normal trading level ▸ Ex
Slide 9: Debt reduction
Debt reduction MotorCycle Holdings
Slide 10: Debt reduction
Debt reduction ▸ Fully drawn facility of $48 million as at 30 June, offset by $39 million of cash ▸ Subsequently reduced debt by $20 million ▸ Paid $3 million dividend ▸ Paid out bailment on all bikes incurring interest - $5 million total ▸ Commenced discussions to repay remaining bank debt, and mai
Slide 11: Growth and Outlook
Growth and Outlook MotorCycle Holdings
Slide 12: Growth
Growth ▸ MCA accessory warehouses to be added within 2 dealerships in Melbourne, at Epping and Frankston, using existing space ▸ Buoyant industry conditions limit dealership acquisition opportunities at present ▸ Will be ready to acquire dealerships in 2021 as they become available MotorCycle Holdin
Slide 13: Outlook
Outlook ▸ Interest in motorcycles has ramped up since COVID-19 and continues to be above FY20 levels ▸ JobKeeper ended in September, but will offset wages of $6 million in the first half ▸ First half underlying EBITDA expected to exceed $20 million ▸ Zero net debt, and bailment interest almost elimi
Slide 14: Motorcycle Holdings Limited – Thank you
Motorcycle Holdings Limited Thank you