Autosports Group Ltd · ASX:ASG

Autosports — H1 2025 Earnings Presentation

31 slides from Autosports's earnings presentation, Feb 20, 2025

  1. Slide 1: Autosports Group Limited H1 2025FY

    AUTOSPORTS GROUP LIMITED H1 2025FY 20 February 2025

  2. Slide 2: Agenda

    AGENDA HIGHLIGHTS H1 2025FY RESULTS SUMMARY H1 2025FY FINANCIAL METRICS STRATEGIC UPDATE RECAP & OUTLOOK APPENDIX

  3. Slide 3: Financial Highlights

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 3 FINANCIAL HIGHLIGHTS REVENUE up 2.1% GROSS MARGIN down 1.4% �1,369 million on PCP 18.3% on PCP EBITDA 1 down 25.7% INTEREST COSTS up 17.9% �80.1 million on PCP �32.3 million on PCP 1 NORMALISED NPBT down 63.1% INTERIM DIVIDEND down 61.1% �20.2 million on PC

  4. Slide 4: Operational Highlights

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 4 OPERATIONAL HIGHLIGHTS TRADING CONDITIONS  Revenue grew 2.1% in a challenging new vehicle market  Gross margins 18.3% as a result of lower new vehicle margins and lower OEM KPI bonuses  Interest costs continue to impact NPBT, up by 17.9% primarily driven

  5. Slide 5: Outlook H2 2025FY

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 5 OUTLOOK H2 2025FY THE NEW VEHICLE MARKET Conditions are expected to be challenging NEW VEHICLE USED VEHICLES, SERVICING, INVENTORY LEVELS PARTS & COLLISION REPAIR Expected to drop in line with new Expected to remain stable in terms of vehicle market revenue

  6. Slide 6: Agenda

    AGENDA HIGHLIGHTS H1 2025FY RESULTS SUMMARY H1 2025FY FINANCIAL METRICS STRATEGIC UPDATE RECAP & OUTLOOK APPENDIX

  7. Slide 7: Statutory Result

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 7 STATUTORY RESULT Growth on $m H1 FY25 H1 FY24 PCP REVENUE Total Revenue 1,369.4 1,341.6 2.1%  Total revenue 2.1% up Cost Of Goods Sold -1119.06 -1076.79 0.03924985 Gross Profit 250.4 264.8 -5.5%  Acquired revenue from SMG �80m (settled 1 October 2024) Ope

  8. Slide 8: Trading Highlights

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 8 TRADING HIGHLIGHTS Growth on $m H1 FY25 H1 FY24 PCP NEW CAR MARKET New Vehicles 788.3 792.8 -0.6%  New vehicle revenue lower than expected Used Vehicles 335.8 327.1 2.7%  Luxury market down 13.2%1 Service 96.0 89.3 7.5%  ASG new vehicle revenue down 0.6%

  9. Slide 9: Agenda

    AGENDA HIGHLIGHTS H1 2025FY RESULTS SUMMARY H1 2025FY FINANCIAL METRICS STRATEGIC UPDATE RECAP & OUTLOOK APPENDIX

  10. Slide 10: H1 2025FY Revenue Drivers

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 10 H1 2025FY REVENUE DRIVERS REVENUE BREAKDOWN REVENUE BREAKDOWN H1 2025FY 1,500  New vehicle like for like revenue down -7.4% 1,450  Used vehicle revenue impacted by lower trade in 1,400 opportunities on new vehicles, like for like down -0.7% 80 1,369 Like

  11. Slide 11: Gross Margin and Op Ex Analysis

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 11 GROSS MARGIN AND OP EX ANALYSIS MARGIN IMPACTS  13.2% fall in new vehicle luxury market1 25.0%  ASG deliberate strategy to reduce new vehicle inventory levels (�47.2m, 19.9% 20.1% 19.7% 19.2% 12%, like for like reduction from June 24) 20.0% 18.3% 17.1% 

  12. Slide 12: Net Margin Analysis

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 12 NET MARGIN ANALYSIS 9.0% 8.4% 8.1% 8.1% 7.4% 8.0%  PBT margins impacted by gross margins and finance costs total 6.7% 7.0% interest up �4.9m, like for like interest up �2.5m 5.9% 6.0% 5.0% 4.4% 4.6% 4.9%  Future operating leverage benefits will be unlock

  13. Slide 13: H1 2025FY Cash Flow

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 13 H1 2025FY CASH FLOW ASG’s strong cash flow positions the Group well to unlock future growth potential STRONG OPERATING CASH 160,000  Strong cash from operations in H1 2025FY of �78.8m 27,188 140,000 has enabled ASG to: -14,720 – Pay a dividend of �16.2m 1

  14. Slide 14: Capital Management and Inventory Targets H2 2025FY

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 14 CAPITAL MANAGEMENT AND INVENTORY TARGETS H2 2025FY FOCUS AREAS PLANNED CAPITAL EXPENDITURE Improve underlying inventory position Additional inventory of �63.6m through acquisition of • �10m showroom constructions and facility upgrades Stillwell Motor Group

  15. Slide 15: Agenda

    AGENDA HIGHLIGHTS H1 2025FY RESULTS SUMMARY H1 2025FY FINANCIAL METRICS STRATEGIC UPDATE RECAP & OUTLOOK APPENDIX

  16. Slide 16: Luxury Market

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 16 LUXURY MARKET ASG 1 Top 10 Luxury Brands by Volume Dealerships ASG’s strategy of partnering with the best luxury brands in the market has the Group well placed for EV market growth BMW 11 Mercedes-Benz Cars 3 Audi 6 Lexus - Volvo Car 6 Land Rover 2 LUXURY

  17. Slide 17: Growth Strategy

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 17 GROWTH STRATEGY Number of ASG Dealerships and collision repair facilities 90 80 ASG is focused on growth in prestige and luxury brands 70 Growth in 60 declining • The combination of organic, greenfields and acquisition led growth allows 50 market ASG to co

  18. Slide 18: Greenfields Growth

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 18 GREENFIELDS GROWTH Autosports Group has entered agreements with luxury EV brands Polestar and Zeekr WHO ARE POLESTAR AND ZEEKR1  Polestar and Zeekr form part of the Geely Group of brands which includes ASG luxury brand Volvo Cars  Polestar is a pure luxu

  19. Slide 19: Agenda

    AGENDA HIGHLIGHTS H1 2025FY RESULTS SUMMARY H1 2025FY FINANCIAL METRICS STRATEGIC UPDATE RECAP & OUTLOOK APPENDIX

  20. Slide 20: Results Recap

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 20 RESULTS RECAP REVENUE UP GROSS MARGIN DOWN INTEREST COSTS �32.3m 2.1% to �1.4bn 1.4% to 18.3% UP 17.9% EBITDA1 �80.1m NORMALISED2 PBT INTERIM DIVIDEND DOWN 25.7% �20.2m DOWN 63.1% 3.5 CENTS FULLY FRANKED DOWN 61.1% 1 Statutory EBITDA including AASB16 refer

  21. Slide 21: Results Recap

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 21 RESULTS RECAP NPBT IMPACTED BY INTERIM FULLY OPERATING • New vehicle gross margin FRANKED DIVIDEND CASH GENERATED decline in tougher 3.5c per share �78.8m market, and • 17.9% increase in interest costs STILLWELL MOTOR GROUP ACQUISITION Contributed �80m in

  22. Slide 22: Strategic Outlook

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 22 STRATEGIC OUTLOOK ASG strategy is to drive growth and shareholder returns Consolidate the fragmented automotive retail market Continue to invest in organic growth streams Develop scale-based synergies to improve operating leverage Deliver consistent shareh

  23. Slide 23: Outlook H2 2025FY

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 23 OUTLOOK H2 2025FY THE NEW VEHICLE MARKET Conditions are expected to be challenging NEW VEHICLE USED VEHICLES, SERVICING, INVENTORY LEVELS PARTS & COLLISION REPAIR Expected to drop in line with new Expected to remain stable in terms of vehicle market revenu

  24. Slide 24: Agenda

    AGENDA HIGHLIGHTS H1 2025FY RESULTS SUMMARY H1 2025FY FINANCIAL METRICS STRATEGIC UPDATE RECAP & OUTLOOK APPENDIX

  25. Slide 25: An Introduction to Geely Holding Group

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 25 AN INTRODUCTION TO GEELY HOLDING GROUP

  26. Slide 26: About ASG

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 26 ABOUT ASG ASG was established in 2006 and operates one of Australia's largest networks of luxury and prestige car dealerships. KEY FACTS ASG’S BRANDS AS AT 20 FEBRUARY 2025  Established 19 years ago by founders and major shareholders, HISTORY Ian Pagent a

  27. Slide 27: Track Record of Delivering Growth and Shareholder Returns

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 27 TRACK RECORD OF DELIVERING GROWTH AND SHAREHOLDER RETURNS Since listing ASG has maintained a track record of delivering both growth and shareholder returns 2017FY ** 2024FY Movement Growth Revenue $'millions 1,446.0 2,646.9 83% NPBT normalised* $'millions

  28. Slide 28: AASB16 Leases Impact

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 28 AASB16 LEASES IMPACT H1 2025FY Statutory H1 2024FY Statutory After After A$m Pre AASB16 AASB16 AASB16 A$m Pre AASB16 AASB16 AASB16 Total Revenue 1,369.4 1,369.4 Total Revenue 1,341.6 1,341.6 Gross Profit 250.4 250.4 Gross Profit 264.8 264.8 Opex (194.6) 25

  29. Slide 29: Questions

    QUESTIONS

  30. Slide 30: Important Notice and Disclaimer

    ASG H1 2025FY PRESENTATION FEBRUARY 2025 30 IMPORTANT NOTICE AND DISCLAIMER This presentation contains summary information about Autosports Group Limited (ACN 614 505 261) (ASG) and its activities current as at the date of this presentation. The information in this presentation is of general backgro

  31. Slide 31: Autosports Group - Drive Endless Possibilities

    © aufosporis group DRIVE ENDLESS POSSIBILITIES

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