Eagers Automotive Limited · ASX:APE
Eagers Automotive — FY2025 Earnings Presentation
44 slides from Eagers Automotive's earnings presentation, Feb 19, 2026
Slide 1: FY 2025 Results Presentation ASX announcement
19 February 2026 Market Announcements Office ASX Limited FY 2025 Results Presentation Attached is the Full Year Results Presentation for Eagers Automotive Ltd (ASX: APE) For personal use only for the year ended 31 December 2025. ENDS For more information: Keith Thornton Jon Snowball Chief Executive
Slide 2: FY 2025 Results
For personal use only FY 2025 Results 19th February 2026 Keith Thornton I Chief Executive Officer Sophie Moore I Chief Financial Officer
Slide 3: Agenda
For personal use only 1 Overview 2 Financial Results 3 Business Performance 4 Strategic Initiatives 5 Outlook 6 Q&A
Slide 4: Overview
For personal use only 1 Overview
Slide 5: What progress have we made?
What progress have we made? 2021 FY 2024 FY 2025 FY Eagers + CanadaOne “ Eagers has built such scale that provides increasing operational and strategic For personal use only leverage. In an industry that is Pro - forma 7 Turnover $ 8.7bn $11.2bn $13bn 4 ˜$19bn “ transforming globally, this is a crit
Slide 6: Financial Highlights FY 2025
Financial Highlights FY 2025 FY 2025 FY 2024 Mvmt Highlights For personal use only 1 Statutory & Underlying Revenue $13.0bn $11.2bn +16.5% Record Revenue Revenue Like for Like Revenue $11.5bn $10.2bn +12.6% +16.5% vs FY24 T otal new vehicle Underlying 1 EBITDAI $620.9m $550.4m +12.8% market growth +
Slide 7: Operational Highlights FY 2025
Operational Highlights FY 2025 FY 2025 FY 2024 Mvmt For personal use only Unit New Unit Sales 177k 147k +20.4% Sales Used Unit Sales 61k 55k +10.9% New Vehicle Market Share 13.9% 11.5% +2.4% Market Share AU NEV Market Share 34% 21% +13% 6 1 Underlying Cost Base 12.1% 13.0% (0.9%) Cost (as a percenta
Slide 8: Strategic Highlights FY 2025
Strategic Highlights F Y 2025 Movement Movement FY 2019 FY 2024 FY 2025 since FY24 since FY19 Productivity For personal use only 909 1,355 1,480 +9% +63% $’000/Headcount Brand portfolio (#) 36 49 54 +10% +50 % NEV market share (AU) 4% 22% 34% +12% +30% 7 easyauto123 ($704) $1,251 $1,605 +2 8% +3 28
Slide 9: Financial
For personal use only 2 Financial Results
Slide 10: Summary P&L FY 2025
S ummary P&L FY 2025 Key Takeaways Mvmnt Mvmnt $ Million FY23 FY24 FY25 $ or (%) (%) For personal use only Underlying Operating Results Record Turnover with balanced contribution across Revenue from continuing operations 9,851.7 11,193.7 13,045.2 1,851.5 16.5% organic growth and acquisitions (1) Und
Slide 11: Strong balance sheet enables balanced capital management
Strong balance sheet enables balanced capital management Balance Sheet Strength $ Million FY19 FY20 FY21 FY22 FY23 FY24 FY25 For personal use only Cash 94.2 209.1 197.6 190.4 222.2 183.7 456.7 $ Million FY23 FY24 FY25 Net Debt 315.8 129.3 128.4 253.5 262.7 813.1 100.0 Property 1 267.2 363.9 467.0 60
Slide 12: Track record of growth through cycles
Track record of growth through cycles Eagers Automotive long - term growth January 2016 to January 2026 12,000 35 For personal use only Market Cap Share Price CAGR 30 +7.3% 9,000 CAGR 25 Market Capital ($’m) Share price ($) +7.3% 20 6,000 15 10 3,000 5 0 0 Jan - Jan - Jan - Jan - Jan - Jan - Jan - J
Slide 13: Business Performance
For personal use only 3 Business Performance
Slide 14: It was a record new vehicle market in 2025
It was a record new vehicle market in 2025… Australian New Vehicle Market (1) Total Addressable Markets FY 2019 to FY 2025 Opportunity in our addressable market is compelling For personal use only 1.4 1.217 1.236 1.241 1.2 New Units Sales ($’m) 1.063 1.050 1.081 1.0 0.917 New Vehicle Used Vehicle 0.
Slide 15: In which Eagers is winning the trend
In which Eagers is winning the trend. Eagers reported AU new vehicle market share Globally unique market share January 2010 to December 2025 Versus other large international peers For personal use only Peer 1 Share 16.0% CAGR 13.9% +9% Eagers Automotive 13.9% 11.0% 8.0% US’s largest auto retailer <2
Slide 16: Eagers continues to benefit from scale, quality and diversity
Eagers continues to benefit from scale, quality and diversity… Balanced growth 100 100 National Scale ~450 dealer points For personal use only FY25 and 3 - years revenue growth mix AUS & NZ in AUS & NZ 30% 40% 2% Well balanced growth in revenue – 3% organic vs acquisitive Quality Portfolio Largest p
Slide 17: Whilst optimising our business model
Whilst optimising our business model. “ Many companies talk of the need for greater productivity; few deliver. Our strategy has focused on optimisation through For personal use only Mvmt industry leading Mvmt productivity evidenced in Reinvest with discipline Brand Portfolio (#) FY19 36 FY24 49 FY25
Slide 18: We have built a sustainable competitive advantage
We have built a sustainable competitive advantage … Executing clear Driving cost base Growing scale Optimising margin long - term strategy to record lows For personal use only Underlying cost base margin before interest and depreciation Key Cost Mitigations 14.3% People Technology enabled 14.2% prod
Slide 19: Resulting in an industry leading operating model
Resulting in an industry leading operating model. Underlying R eturn on Sales Underlying R eturn on Sales Peer half - on - half comparison +2. 1% Core like - for - like basis ROS outperformance For personal use only 4.6% ROS % vs industry avg 4.7% 4.4% Industry Benchmark / average - Up from +1.0% 3.
Slide 20: Strategic Initiatives
For personal use only 4 Strategic Initiatives
Slide 21: 2025 was a busy year
2025 was a busy year Eagers Automotive forms strategic partnerships with CanadaOne Auto and Mitsubishi Corporation + For personal use only • Platform for Eagers’ entry into highly - attractive Canadian market with a highly regarded leading industry partner • Significant opportunity to drive further
Slide 22: For personal use only
For personal use only Page 21 of 43 | Eagers Automotive | FY 2025 Results
Slide 23: Update on strategic investment in CanadaOne
Update on strategic investment in CanadaOne Eagers Automotive’s large scale partnership investment in Canadian market + For personal use only • Platform for Eagers’ entry into highly - attractive Canadian market with a highly regarded leading industry partner • Significant opportunity to drive furth
Slide 24: CanadaOne's performance in FY 2025
CanadaOne’s performance in FY 2025 Continued strong history of growth with Dec - 25 LTM outperformance vs. June - 25 LTM Adjusted profit before tax 1,2 Revenue 1,2 (A$bn ) 1,2 (A$m ) Adjusted EBITDAI (A$m ) For personal use only 17.5% +31.7% +15.9% 248 450 250 221 334 348 188 300 200 188 174 300 240
Slide 25: Runway for growth in the Canadian market
Runway for growth in the Canadian market New Vehicle Sales FY 2025 Canadian New Vehicle Market Canadian market ~1.9m 2025 new vehicle market - 1.9m units For personal use only CanadaOne ~48k Market share ~2.5% (Up +2% vs 2024) Strong market performance from CanadaOne’s OEM partners British Columbia
Slide 26: Independent Used
For personal use only Independent Used Page 25 of 43 | Eagers Automotive | FY 2025 Results
Slide 27: Independent used investment thesis
Independent used investment thesis Traditional franchised automotive business 1 For personal use only Return on capital employed Traditional franchised $2m Annual profit before tax automotive used business $10m Investment at 20 % Return on investment Return on investment 5 times earnings Return on $
Slide 28: Record independent used result
Record independent used result Historical underlying profit before tax FY25 performance in line with global industry leader For personal use only Underlying Profit EA123 Underlying Profit Carlins Net operating US Net operating $1,605 profit per retail $783 profit per retail unit (1) unit (2) Pool of
Slide 29: Scaling selectively for maximum return
Scaling selectively for maximum return Right markets. Right returns. Right pace. For personal use only 28 Selective expansion of network underway ▪ Built where Eagers already knows the customers, property & market demand ▪ Data - led PMA selection ▪ Property synergies with Franchise Automotive Plann
Slide 30: Step change to integrated mobility ecosystem
Step change to integrated mobility ecosystem “We can help you with that” For personal use only Sell Powered by strategic global partners – Eagers Automotive, Mitsubishi Corporation & CanadaOne Auto Fleet Buy Subscribe Finance Connected by integrated, proprietary technology & data 29 Integrated Insur
Slide 31: Outlook
For personal use only 5 Outlook
Slide 32: Pro-forma underlying income statement & 2026 outlook
Pro - forma underlying income statement & 2026 outlook Eagers & CanadaOne 1 FY24 vs FY25 Eagers + CanadaOne Pro - forma LTM 31 Dec - 25 Revenue ($’b) +16.6% For personal use only +17.5% 13 Pro - forma Underlying Eagers 11 1 2 CanadaOne Pro - forma Consolidated Underlying 5 6 13 11 5 6 CAD1 FY24 CAD1
Slide 33: Eagers is a year-old company that's just getting started
Eagers is a 113 year - old company that’s just getting started… +2.5% ROS outperformance vs industry average Turnover Growth Optimisation For personal use only Pre - Post 13.0 Return on Sales COVID 2 11.2 COVID 1 COVID 3 Turnover 9.9 8.7 8.7 8.5 5.8 APE Underlying Core 3.0% 4.8% 4.0% 3.8 4.1 4.1 2.6
Slide 34: Unique alignment to drive long-term value creation
Unique alignment to drive long - term value creation For personal use only Invested together for the long term Directors, Strategic Partners and Executive Management (2) (2) (1) No of Shares Shareholding Shareholder (‘m) (%) ▪ ~41% of Eagers Automotive is owned by people driving the strategy and day
Slide 35: For personal use only
For personal use only Page 34 of 43 | Eagers Automotive | FY 2025 Results
Slide 36: Questions? Q&A
Confidential, incomplete, preliminary and subject to verification, audit and board approval For personal use only QUESTIONS? Q&A Page 35 of 43 | Eagers Automotive | FY 2025 Results
Slide 37: Appendices
For personal use only 6 Appendices
Slide 38: Statutory to Underlying EBITDAI & PBT – FY 2025
Statutory to Underlying EBITDAI & PBT – FY 2025 Depn & Interest Interest Tax $ MILLION 2025 EBITDAI Impairment PBT NPAT Amort Expense Income Expense For personal use only Underlying Operating 620.9 (45.8) (151.0) - - 424.1 (127.5) 296.6 Impairment 0.0 (8.6) (8.6) - (8.6) AASB16 Lease Standard 150.5
Slide 39: Statutory to Underlying EBITDAI & PBT – FY 2024
Statutory to Underlying EBITDAI & PBT – FY 2024 Depn & Interest Interest Tax $ MILLION 2024 EBITDAI Impairment PBT NPAT Amort Expense Income Expense For personal use only Underlying Operating 550.4 (37.4) (141.9) - - 371.2 (118.4) 252.8 Impairment (0.2) (20.4) (20.6) 0.9 (19.6) AASB16 Lease Standard
Slide 40: Disclaimer
Disclaimer The information in this document (information) does not expectations and assumptions of known and unknown Standards or IFRS. These measures are collectively For personal use only contain all information necessary for investment decisions, risks, uncertainties and other factors, which are
Slide 41: Definitions
Definitions Non - IFRS Financial Information Amort is defined as amortisation For personal use only BEV is defined as a battery electric vehicle CAGR is defined as compound annual growth rate excludes all acquisitions, divestments and greenfield operations to represent core underlying business. Excl
Slide 42: Definitions
Definitions Non - IFRS Financial Information EPS is defined as earnings per share For personal use only EV is defined as electric vehicle FA is defined as Franchised Automotive F&I is defined as Finance & Insurance FICC is defined as finance, insurance and car care Hybrid is defined as a combination
Slide 43: Definitions
Definitions Non - IFRS Financial Information PBT is defined as profit before tax For personal use only PBT margin is calculated as profit before tax before significant items as a percentage of revenue PCP is defined as prior corresponding period PHEV is defined as a plug - in hybrid electric vehicle
Slide 44: For personal use only
Confidential, incomplete, preliminary and subject to verification, audit and board approval For personal use only Page 43 of 43 | Eagers Automotive | FY 2025 Results