Eagers Automotive Limited · ASX:APE
Eagers Automotive — Shareholder Meeting (July 2022)
23 slides from Eagers Automotive's shareholder meeting presentation, Jul 15, 2022
Slide 1: For personal use only
For personal use only Eagers Automotive Limited T (07) 3608 7100 Postal Address ABN 87 009 680 013 F (07) 3608 7111 PO Box 199, ASX: APE Fortitude Valley E corporate@eagersautomotive.com.au QLD 4006
Slide 2: For personal use only
For personal use only • • • • Eagers Automotive Limited T (07) 3607 7100 Registered Office Postal Address ABN 87 009 680 013 F (07) 3608 7111 56 Edmondstone Road PO Box 199 ASX: APE Bowen Hills QLD 4006 Fortitude Valley E corporate@eagersautomotive.com.au QLD 4006
Slide 3: For personal use only
order and delivery being experienced by some of the largest brands represented in Australia. It also highlights the success of newer market entrants, gaining market share in an environment where demand materially exceeds supply and as such, supply becomes a competitive advantage. It is within this c
Slide 4: For personal use only
Slide 9 In addition to the dealership operations, the transaction includes prime, strategic property holdings to be acquired by Eagers, allowing us to continue the roll out of the property component of our Next100 Strategy. The ownership of property involved in the business is both compelling financ
Slide 5: General Meeting July 2022
15 July 2022 For personal use only General Meeting 15 July 2022
Slide 6: Directors and Secretary
Directors and Secretary For personal use only Tim Crommelin Sophie Moore Nick Politis Dan Ryan Greg Duncan David Blackhall Michelle Prater Marcus Birrell Denis Stark Company Secretary 2 | Eagers Automotive General Meeting – 15 July 2022
Slide 7: How to ask a question online
How to ask a question online For personal use only • To ask a written question select the Q & A icon • Select the topic your question relates to from the drop- down list • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below the broadc
Slide 8: How to vote online
How to vote online For personal use only • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any time until the poll is closed 4
Slide 9: Voting is now open
For personal use only Voting is now open 5 | Eagers Automotive General Meeting – 15 July 2022
Slide 10: Chief Executive Officer's address
For personal use only Chief Executive Officer’s address Keith Thornton To find a copy of the CEO’s address, please visit https://www2.asx.com.au/markets/trade-our-cash-market/announcements.ape 6 | Eagers Automotive General Meeting – 15 July 2022
Slide 11: Market Update – Half Year Ended June 2022
Market Update – Half Year Ended 30 June 2022 For personal use only • Expected result approximately $246 million Statutory Net • Exceeds prior guidance of between $225 million and $240 million Profit Before Tax • Includes estimated profit before tax of $48 million associated with the sale of Bill Buc
Slide 12: ACT Business Overview
ACT Business Overview BRANDS KEY TRANSACTION METRICS For personal use only Turnover ~$450 million Goodwill $75 million Maintainable $15.6 million Property $110 million Earnings Value $15.0 million per IE1 Return on 3.3 % Unit Sales ~30% of ACT new Sales vehicle sales Multiple 4.8 times Employees ~40
Slide 13: ACT Business Overview
ACT Business Overview For personal use only 9 | Eagers Automotive General Meeting – 15 July 2022
Slide 14: ACT Business Overview
ACT Business Overview For personal use only 10 | Eagers Automotive General Meeting – 15 July 2022
Slide 15: On-Market Share Buy-Back
On-Market Share Buy-Back For personal use only Eagers Automotive announced on 16th June 2022 its intention to conduct an on-market share buy-back of up to 10% of its issued share capital The buy-back reflects the strength of our balance sheet and the Board’s prudent focus on active capital managemen
Slide 16: Chief Executive Officer's address
For personal use only Chief Executive Officer’s address Keith Thornton To find a copy of the CEO’s address, please visit https://www2.asx.com.au/markets/trade-our-cash-market/announcements.ape 12 | Eagers Automotive General Meeting – 15 July 2022
Slide 17: Approval of Acquisition
Approval of Acquisition For personal use only Item 1 Shareholder approval is being sought for an acquisition of a portfolio of automotive dealerships and associated properties, located in the Australian Capital Territory. The sellers are entities associated with Mr. Nick Politis. Mr. Politis is a di
Slide 18: Proxy and Direct votes received prior to meeting
Proxy and Direct votes received prior to meeting For personal use only For Against Discretion of the Discretion of Abstain % in favour or at Board person other the Board’s than the Board discretion Item no. 1 – Approval of Acquisition 132,900,788 2,867,644 242,021 308,054 321,866 97.67% 14 | Eagers
Slide 19: Item - Questions
For personal use only Item 1 - Questions 15 | Eagers Automotive General Meeting – 15 July 2022
Slide 20: Meeting paused for voting
For personal use only The meeting is paused for thirty seconds so shareholders may finalise their votes 16 | Eagers Automotive General Meeting – 15 July 2022
Slide 21: Voting is now closed
For personal use only Voting is now closed 17 | Eagers Automotive General Meeting – 15 July 2022
Slide 22: General Questions
For personal use only General Questions 18 | Eagers Automotive General Meeting – 15 July 2022
Slide 23: Meeting has closed
For personal use only Meeting has closed Thank you for your participation 19 | Eagers Automotive General Meeting – 15 July 2022