Bapcor Ltd · ASX:BAP
Bapcor — Investor Day (April 2016)
24 slides from Bapcor's investor day presentation, Apr 19, 2016
Slide 1: Investor Day
Investor Day 19th April 2016 Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by Burson Group Limited (“Burson”) ABN 80 153 199 912 and is general background information about Burson’s activities current at the date of this presentation. The information is given in summary form and does not purport to be complete.
Slide 3: Program for Today
PROGRAM FOR TODAY 9.30 am Presentation by Senior Executive Tour Burson Trade Warehouse 11.00 am Travel by bus Visit Burson Trade Heidelberg store 12.30 pm Visit ANA Nunawading – tour DC 1.15 pm At ANA Nunawading – lunch and Optimisation Projects presentation 2.45 pm Visit Autobarn Nunawading, includ
Slide 4: Agenda
AGENDA 1 Executive Management Team 2 Strategy 3 Outlook & Proposed New Company Name Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 5: Executive Management Team – Burson Group
Executive Management Team – Burson Group Chief Executive Officer & Managing Director Darryl Abotomey Chief Financial Officer Greg Fox Chief Executive Officer - ANA Paul Dumbrell • GM – Retail Brands Peter Tilley • GM – Operations Grant Jarrett • GM – Australian Aftermarket Distributors (AAD) Gordon
Slide 6: H1 FY2016 Result Highlights, Strategy, Outlook & Proposed New Company Name
1 H1 FY2016 Result Highlights 2 Strategy 3 Outlook & Proposed New Company Name Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 7: Burson Group Strategy
BURSON GROUP STRATEGY 5 year vision Specialist, Vehicle Parts and Supporting the Excelling in Knowledgeable Accessories Industry Customer Service Staff Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services 15 Australasia’s Leading Provider of Aftermarket Parts, Accessories an
Slide 8: Key Highlights of the Burson Group
Key Highlights of the Burson Group The leading Australian owned automotive aftermarket business which spans the supply chain Market Leader The leading Australian supplier of automotive aftermarket parts, accessories and service Group distribution platform has significant scale and competitive po
Slide 9: Strategic Rationale of Group Structure
Strategic Rationale of Group Structure Burson Group’s growth strategy covers the core supply chain areas. Parts and “Trade” Parts Parts Manufacturer Parts Wholesaler Components End Vehicle Owner Installer Distributor Original Equipment Vehicle Manufacturer Manufacturer Dealer Workshops Specialist Do
Slide 10: Group Business Structure
Group Business Structure CURRENT #1 or #2 Industry Category specialists in parts programs STATUS SPECIALIST Brake Engine + (Wholesale) Target $200M Annualised Suspension Bearings + Turnover $115M Cooling Gaskets + Trade focussed “parts 25% AUS Target 143 Stores TRADE professionals” supplying Home 20
Slide 11: Group Support Structure
Group Support Structure World Class, efficient and effective, support functions Human Resources Supply Chain Business Systems (IT) Financial Services Business Support 11 Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 12: Core Business Channels
CORE BUSINESS CHANNELS 12 Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 13: Service
Service Experts at scheduled car servicing at affordable prices • Core focus on; • Routine service for vehicles, including logbook service, warranty repairs • Breakdown repairs • Currently 140 stores – predominately franchised. • Aus has in excess of 30,000 workshops • Midas has strategic partnershi
Slide 14: Trade - Burson Auto Parts
Trade - Burson Auto Parts Australia’s leading trade focused automotive aftermarket parts distributor Target 200 Stores • Core focus on distribution of auto parts to independent and chain mechanic workshops throughout Australia for routine servicing of vehicles, and do-it- yourself vehicle owners; by
Slide 15: Specialist Wholesale
Specialist Wholesale • Category expertise – being the most knowledgeable in the category. Target • #1 or #2 in the category. $200M • Sources and imports own branded, extensive range of Turnover products, supported by locally sourced premium brands. • Predominately “own brands” Current $115M • Supply
Slide 16: Retail - Autobarn
Retail - Autobarn Australia’s premium full service retail accessories store AUS Target • Positioned as the first choice destination for both the everyday 200 consumer and the automotive enthusiast. Stores • Every store has fitment capabilities to make shopping and installing parts easier Current 113
Slide 17: Retail - Opposite Lock
Retail - Opposite Lock Australia’s widest range of 4WD accessories AUS Target 120 • Specialist 4x4 automotive part and accessory stores Stores & • Extensive private label bar work program, designed and Stockists engineered by local team. Range includes: bullbars, sidesteps, Current side rails and re
Slide 18: Independents
Independents Servicing the broader independent sector Currently Supplying • Core focus on; 235 Stores • Full merchandise range supply to independents and dealers • Retail and Trade mix • Catalogue and advertising support • No frills, low cost structure, pay for service 18 Australasia’s Leading Provi
Slide 19: Executive Management Team, Strategy, Outlook & Proposed New Company Name
1 Executive Management Team 2 Strategy 3 Outlook & Proposed New Company Name Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 20: FY2016 H1 Result Highlights
FY2016 H1 Result Highlights $ million H1 FY2016 H1 FY2015 Variance Revenue 322.2 185.0 74.1% Gross Margin %(1) 44.0% 43.2% 0.8 EBITDA 34.5 19.8 74.1% Strong performance 77.9% NPAT 19.3 10.9 in all areas EPS(2) (cps) 7.97 6.41 24.3% Interim dividend (cps) 5.0 4.0 25.0% Strong result underpinned by
Slide 21: Outlook
Outlook 3rd quarter FY16 has continued strongly – same store sales – BT 4.5%. AB 4.0% Burson Trade to maintain steady growth. Continue to add new stores and the benefit of the improved margins offset by competitive pricing ANA to continue to track in line with expectations during H2 FY2016
Slide 22: Proposed New Group Name
Proposed New Group Name • To recognise the evolution of the Group • Remove confusion and conflict around the tradition business of Burson Trade and the Group • It is proposed to rename the Group to: 22 Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services
Slide 23: Proposed New Group Name
Proposed New Group Name • To recognise the evolution of the Group • Remove confusion and conflict around the tradition business of Burson Trade and the Group • It is proposed to rename the Group to: • Will now proceed through the process including obtaining shareholder approval via a General Meeting
Slide 24: Thank You
Thank You 24 Australasia’s Leading Provider of Aftermarket Parts, Accessories and Services