Sonic Automotive, Inc. · NYSE:SAH
Sonic Automotive — Q1 2010 Earnings Presentation
19 slides from Sonic Automotive's earnings presentation, Apr 27, 2010
Slide 1: Exhibit 99.2
Exhibit 99.2
Slide 2: Cautionary Notice: Forward-Looking Statements
This presentation contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are not historical facts, but only predictions by our company an
Slide 3: First Quarter 2010 Earnings Review
First Quarter 2010 Earnings Review April 27, 2010
Slide 4: Sonic Automotive Q1 2010 Quarter in Review
Sonic Automotive Q1 2010 Quarter in Review Financial Review Operations Review Closing Comments
Slide 5: Overall Results - Q1
Overall Results - Q1 Total revenue up 13% New retail volume up 10% with margin up 30 bps New vehicle revenue up 11% Used retail vehicle unit volume up 25% Used retail vehicle revenue up 29% Used to new ratio of 1:1 Fixed operations revenue up 3% with margin up 70 bps New and used business driving F&
Slide 6: Overall Results - QTD (Adjusted)
Overall Results - QTD (Adjusted *) * See Appendix for reconciliation to GAAP/Reported amounts
Slide 7: SG&A - QTD (Adjusted)
SG&A - QTD (Adjusted *) *See Appendix for reconciliation to GAAP/Reported amounts **SG&A to gross bps change
Slide 8: Major Debt Maturities
Major Debt Maturities Balance sheet restructured and improved (amounts in millions) * * Includes $210.0 million due in 2018 of the 9.0% Notes
Slide 9: Debt Covenants
Debt Covenants Compliant with all covenants
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Slide 11: New Retail Vehicles - QTD Continuing Operations
New Retail Vehicles - QTD Continuing Operations Q1 2010 Q1 2009 740.6 650.6 Q1 2010 Q1 2009 2462 2283 Revenue (amounts in millions) Gross Per Unit Revenue up 13.8% Gross Profit $ increase of 18.8% 7.8% increase
Slide 12: Used Vehicles Continuing Operations
Used Vehicles Continuing Operations * Excludes any impact from incremental F&I sales and Fixed Operations business *
Slide 13: Fixed Operations - QTD Continuing Operations
Fixed Operations - QTD Continuing Operations Q1 2010 Q1 2009 279.4 271.6 Revenue (amounts in millions) Q1 2010 Q1 2009 0.503 0.496 Gross Margin 70 bps Improvement Fixed Operations Revenue up 2.8%
Slide 14: 2010 Outlook
2010 Outlook Continued improvement of fixed operations - may be weighted towards second half of year Still planning for an 11 million SAAR - some analysts are substantially higher Expect SG&A to gross to decline in subsequent quarters
Slide 15: Appendix
APPENDIX
Slide 16: Reconciliation of Non-GAAP Financial Information
Reconciliation of Non-GAAP Financial Information
Slide 17: Reconciliation of Non-GAAP Financial Information
Reconciliation of Non-GAAP Financial Information
Slide 18: Reconciliation of Non-GAAP Financial Information
Reconciliation of Non-GAAP Financial Information
Slide 19: Slide 19