Ama Group Limited · ASX:AMA
Ama — Thorney Investment Forum 2019
22 slides from Ama's conference presentation, May 14, 2019
Slide 1: Thorney Investment Forum – Company Presentations
THORNEY OPPORTUNITIES LTD ACN 080 167 264 For personal use only ASX Announcement: 14 May 2019 ASX Code: TOP THORNEY INVESTMENT FORUM – COMPANY PRESENTATIONS Please find attached a company presentation from AMA Group Limited [ASX:AMA] being presented at today’s Thorney Investment Forum in Sydney. For
Slide 2: AMA Group Limited
Page 1 For personal use only amagroupltd.com
Slide 3: World Class Automotive Solutions
Page 2 For personal use only WORLD CLASS AUTOMOTIVE SOLUTIONS
Slide 4: Contents
Page 3 Contents. For personal use only Highlights AMA Group Overview Financial Performance Vehicle Panel Repairs ACAD and Procurement Strategy and Outlook
Slide 5: Highlights
For personal use only HIGHLIGHTS Page 4
Slide 6: First Half Highlights
Page 5 First Half Highlights. For personal use only Revenue and profit trending in-line with market expectations despite a delay in the acquisition pipeline related to Blackstone process disruption iBodyshop and Oracle NetSuite systems rollout completed in Panel operations with significant operation
Slide 7: Our Results
Page 6 Our Results. For personal use only TOTAL 64% REVENUE Underlying NPAT EBITDA* $302.5m $28.1m $9.9m 32.4% 7.3% 29.8% EPS NEW PANEL 90% FACILITIES 1.88 cps 27.0% 6 ( 4 Existing / 2 Greenfield) *Underlying results after normalization – refer slide 11.
Slide 8: AMA Group Overview
Page 7 AMA GROUP OVERVIEW For personal use only
Slide 9: AMA Group Overview
Page 8 AMA Group Overview For personal use only Industry leader in 2 key automotive industry sectors Vehicle panel repairs Automotive products and accessories National footprint of 118 vehicle panel repair sites offering a unique service proposition to key insurance customers and their policy ho
Slide 10: Financial Performance
Page 9 For personal use only FINANCIAL PERFORMANCE
Slide 11: Half Year Results to Dec 2018
Page 10 Half Year Results to Dec 2018 For personal use only Dec 18 Dec 17 3 CHANGE Revenue: Reported ($’000) 302,453 228,356 32.4% EBITDA: Reported ($’000) 24,288 20,623 17.8% EBITDA: Normalised 1 ($’000) 28,121 26,201 7.3% EBIT: Reported ($’000) 17,239 14,481 19.0% NPAT: Reported ($’000) 9,945 7,66
Slide 12: Vehicle Panel Repairs
Page 11 For personal use only VEHICLE PANEL REPAIRS
Slide 13: Vehicle Panel Repairs
Page 12 Vehicle Panel Repairs. For personal use only Undisputed Industry Leader Largest operator - 118 site across all States and NZ Leading consolidator in a highly fragmented market Long term relationships with key insurers and prestige OEMs / Dealers Clear growth path Estimated 10% market
Slide 14: Vehicle Panel Repair
Page 13 Vehicle Panel Repair. For personal use only Change Dec 18 Dec 17 Change (%) ($’000) Sales ($'000) 1 257,743 201,543 56,200 27.9% EBITDA – Reported ($’000) 20,705 19,283 1,422 7.4% EBITDA Margin – Reported (%) 8.0% 9.6% (1.6%) (17.1%) EBITDA – normalised ($’000) 2 22,669 23,226 (557) (2.4%) E
Slide 15: Vehicle Panel Repairs
Page 14 Vehicle Panel Repairs. For personal use only Strong year on year growth in Sales Normalised EBITDA margin tracking within historical ranges but First Half margin impacted by a couple of short term issues (ARM acquisition and regional weather disruption) Rollout of new IBodyshop operating sys
Slide 16: ACAD and Procurement
Page 15 For personal use only ACAD AND PROCUREMENT
Slide 17: ACAD
Page 16 ACAD. For personal use only The leading vertically integrated player in automotive products and accessories Key product and service focus on the growing 4wd, SUV and commercial vehicle segments – now 6 in 10 vehicles sold in Australia High technical value add and barriers to entry in Manufac
Slide 18: ACAD
Page 17 ACAD. For personal use only Dec-18 Dec-17 Change ($’000) Change (%) Sales ($'000) 44,762 26,950 17,812 66.1% EBITDA1 ($’000) 6,189 3,734 2,455 65.7% EBITDA Margin (%) 13.8% 13.9% (0.1%) (0.9%) EBITDA1 – normalised ($’000) 6,534 4,259 2,275 53.4% EBITDA Margin – normalised (%) 14.6% 15.8% (1.
Slide 19: ACAD
Page 18 ACAD. For personal use only Completed all major restructuring and integration relating to ASG acquisition – constituent businesses now integrated into existing divisions. Achieved significant year-on-year growth in Revenue and EBITDA in line with our expectations - accretive acquisitions ben
Slide 20: Procurement
Page 19 Procurement. For personal use only Exciting new growth avenue for AMA Management has established, over a number of years a globally competitive proprietary supply chain for consumables and parts for the panel repair industry AMA has the opportunity to leverage this input advantage by sourcin
Slide 21: Strategy and Outlook
Page 20 For personal use only STRATEGY AND OUTLOOK
Slide 22: Strategy/Outlook
Page 21 Strategy/Outlook. For personal use only AMA HAS MULTIPLE OPPORTUNITIES TO CONTINUE ITS GROWTH BY BOTH ORGANIC AND ACQUISITION MEANS Continue to lead Progressively Expansion of our Potential Identify and On-track to reach $1 the Vehicle Panel execute further strategic significant execute stra