Amotiv Limited · ASX:AOV
Amotiv — H1 FY2026 Earnings Presentation
34 slides from Amotiv's earnings presentation, Feb 10, 2026
Slide 1: FY26 Half Year Investor Presentation ASX announcement
10 February 2026 Manager Company Announcements ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 Amotiv Limited (ASX: AOV): FY26 Half Year Investor Presentation Please find attached for immediate release to the market the FY26 Half Year Results Investor Presentation for Amotiv Limited. For inqui
Slide 2: FY26 H1 Result
FY26 H1 Result Graeme Whickman, CEO & MD and Aaron Canning, CFO 10 February 2026
Slide 3: Disclaimer
Disclaimer Important notices This Presentation has been prepared by Amotiv Limited (ABN 99 004 400 891) ("Amotiv" or "Company"). Summary information This Presentation contains summary information about Amotiv and its activities as at 10 February 2026. The information in the Presentation is of a gene
Slide 4: Contents
Contents Key Messages and Group Performance Highlights 3 Divisional Review 7 Financials 11 Trading Update and Outlook 18 Appendix 21 Supplementary information 2
Slide 5: Key messages
Key messages Solid result in a Amotiv Unified Strong cashflow and FY26 guidance challenging continues to deliver capital management unchanged1 environment incremental benefits 1. Group revenue growth is expected in FY26 with underlying EBITA of ~$195m. Includes Amotiv Unified net benefits and assume
Slide 6: Group performance
Group performance1 - Revenue growth driven by new business wins, ongoing investment in product development Revenue Gross margin and geographical diversification despite headwinds in 4WD and LPE +3.3% to -1.6pps to - Underlying EBITA growth primarily impacted by lower 4WD margins due to domestic $520
Slide 7: Progress on strategic imperatives
Progress on strategic imperatives Enterprise optimisation Thailand Continued growth Operational Capital – ‘Amotiv Unified’ Manufacturing in offshore revenue excellence Management Expansion H1 2026 Continued benefits realised from 3rd plant commissioning +14% vs pcp, reflecting Improved safety, emiss
Slide 8: Strategic imperatives and investor thesis to 2030
Drivers count on our clever ideas, turned into technical products, to do 2030 more and go further Strategic Imperatives Solidify & defend our ANZ Lighting, Power and Optimise our Powertrain & Undercar portfolio while Electrical business while growing a global niche adding 1-2 adjacent non-ICE catego
Slide 9: Divisional Review
Divisional Review Graeme Whickman, CEO & MD
Slide 10: 4WD Accessories and Trailering (4WD)
4WD Accessories and Trailering (4WD)1 Result reflects cyclical and inflation headwinds and investment to support growing offshore revenue Margins constrained by muted OE volumes, pricing lag versus domestic inflation, $M FY26 H1 FY25 H1 Change and early-stage South Africa (SA) operations Revenue 189
Slide 11: Lighting, Power & Electrical (LPE)
Lighting, Power & Electrical (LPE)1 Geographic diversification and Amotiv Unified benefits underpin performance Challenging ANZ market dynamics persist with Amotiv Unified benefits and offshore $M FY26 H1 FY25 H1 Change revenue diversification providing offset Revenue 158.9 160.0 (0.7%) • Modest rev
Slide 12: Powertrain and Undercar (PTU)
Powertrain and Undercar (PTU)1 Strong result reflects diversification, Amotiv Unified and moderating EV investment Result reflects continued resilience of the ‘wear and repair’ market, brand strength $M FY26 H1 FY25 H1 Change and ongoing revenue diversification Revenue 172.0 164.0 4.9% • Revenue gro
Slide 13: Financials
Financials Aaron Canning, CFO
Slide 14: Group financials
Group financials1 • Revenue - growth of +3.3% reflects organic growth from 4WD +5.5%, $M FY26 H1 FY25 H1 Change LPE -0.7% and PTU +4.9%. AU resellers and OE channels2 remained subdued offset by continued offshore growth from US/Europe Revenue 520.5 503.7 3.3% • Gross Profit - declined 0.5% largely
Slide 15: Net working capital efficiency driving strong cash conversion
Net working capital efficiency driving strong cash conversion1 Net Working Capital as % Net Revenue improved 1ppt and was ~$8.8m vs pcp. Net working capital (NWC) Movement • Inventory increase of $18.8m or 8.0% reflecting increased inventory in transit vs H1 $M FY26 H1 FY25 FY25 H1 vs FY25 (timing),
Slide 16: Capital investment supporting growth and offshore expansion
Capital investment supporting growth and offshore expansion1 Product Development (PD) spend supports FY26 H1 Capex reducing inline with guidance FY26 H1 Balanced Capex investment organic growth Capex by divison2 ($m) Divisional growth and sustaining capex2 ($m) PD spend by division ($m, % of rev) PD
Slide 17: Foreign Exchange well managed with continued growth in offshore earnings
Foreign Exchange well managed with continued growth in offshore earnings1 Foreign Exchange Exposure – exposure well managed USD payables exposure vs. hedging position • H1 adversely impacted by weaker AUD/USD vs pcp • H2 ~85% hedged at end of December with rates reflecting improvement on H1, but 99%
Slide 18: Balance sheet strength with long dated debt profile
Balance sheet strength with long dated debt profile and attractive cost1 Conservative leverage2 maintained Debt profile is long dated and mostly fixed... …at an attractive “all in rate” Net Debt vs Net Debt/Adjusted EBITDA2 Maturity profile ($m) 2.50 500 2.5 150 BBSY– average 135 2.00 1.95 400 1.91
Slide 19: Capital Allocation Framework
Capital Allocation Framework – strong performance against majority of metrics FY26 H1 Performance Commentary Cash conversion ratio >= 75% 91.9% Strong cash conversion +15.4ppts ahead of pcp Sustaining capex (maintenance) Balanced CAPEX investment with Sustaining CAPEX of Target annual spend of 90%–
Slide 20: Amotiv Unified and Outlook
Amotiv Unified and Outlook Graeme Whickman, CEO and MD
Slide 21: Amotiv Unified – $10m incremental annualised gross benefits
Amotiv Unified – $10m incremental annualised gross benefits on FY26 exit Amotiv Unified is a transformation program staggered in 3 Amotiv Unified – FY26 Annualised Benefits2 ($M) waves over 3 years that commenced in January 2025 • Exiting FY25 the program delivered $15m in gross annualised 10.0 bene
Slide 22: FY26 outlook
FY26 outlook1 Trading Update – January FY26 outlook – Guidance unchanged • 4WD: January ANZ Pick Up sales excl BYD down 7%, slightly below • Group revenue growth is expected in FY26 with underlying EBITA management expectations of ~$195m2, in what is likely to remain a challenging environment • LPE:
Slide 23: Appendix
Appendix Supplementary information
Slide 24: Pick Up flat excl. BYD Shark, strong SUV M+ momentum
Pick Up flat, excl. BYD Shark, strong sales momentum for SUV M+ New Vehicle Sales in Key Segments and Markets: FY26 H1 vs FY25 H11,3 (not to same scale) Australia: Strong SUV M+ sales momentum • Pick Ups up 7% (flat net of BYD Shark2) Australia New Zealand ANZ Combined − BYD Shark launch H2FY25, 8k
Slide 25: LPE and PTU - Key Drivers
LPE and PTU - Key Drivers Aging Australian car parc maintains steady growth Growing trend towards SUVs displacing passenger vehicle sales Australia Car Parc (millions of vehicles), Average Age (years) – CY15 to CY30Forecast1 New Vehicle Sales – Light Vehicles Australia – CY15 to CY30 Forecast1,2 12.
Slide 26: Amotiv Unified Wave 1 - annualised net FY26 benefits
Amotiv Unified Wave 1 - annualised net FY26 benefits1 Amotiv Unified delivered $15m gross annualised savings FY25 Amotiv Unified Gross to Net FY26 benefit waterfall1 – Wave 1 year-end, in line with Wave 1 target2 • Majority of benefit derived from operating model with ~120 FTE reduction (~5% of work
Slide 27: Limited direct exposure to tariff changes: ~8% of revenue
Amotiv group has limited direct exposure to tariff changes: ~8% of revenue ~8% of Amotiv’s Group revenue is Summary of tariffs relevant to Amotiv’s manufacturing & sourcing footprint supporting USA jurisdiction dependent on US market Amotiv • Amotiv revenue exposure ~$80m • Changes in reciprocal tar
Slide 28: Significant items
Significant items 4WD Accessories & Lighting, Power & Powertrain & Total Total $M Unallocated Change Trailering Electrical Undercar FY26 H1 FY25 H1 Cash items Acquisition initiative support and integration costs - - 0.3 - 0.3 South Africa/USA/UK set up costs 0.8 - - - 0.8 Amotiv Unified restructurin
Slide 29: Reconciliation to statutory NPAT and effective tax rate
Reconciliation to statutory NPAT and effective tax rate calculation Reconciliation to statutory NPAT Effective tax rate $M FY6 H1 FY25 H1 Change $M FY26 H1 FY25 H1 Profit before tax 64.9 49.3 Revenue 520.5 503.7 3.3% Prima facie income tax expense calculated at 30% 19.5 14.8 COGS (299.8) (282.0) 6.3
Slide 30: Reconciliation to segment EBIT
Reconciliation to segment EBIT 4WD Accessories and Trailering Powertrain and Undercar $M FY26 H1 FY25 H1 Change $M FY26 H1 FY25 H1 Change Revenue 189.6 179.7 5.5% Revenue 172.0 164.0 4.9% Operating costs (154.3) (139.5) 10.6 % Operating costs (127.8) (122.5) 4.3% Underlying EBITDA 35.3 40.2 (12.2%)
Slide 31: Cash conversion and balance sheet calculations
Cash conversion and balance sheet calculations Cash conversion Balance sheet ratios $M FY26 1H FY25 1H Change $M FY26 H1 FY25 FY25 H1 Operating cashflow 74.3 55.1 34.8% Bank overdraft - 1.9 - Adjustments: +Tax paid 24.8 26.0 (4.6%) Current Borrowings 0.8 0.8 - − Payments for lease liability (13.5) (
Slide 32: Adjusted (bank covenant) EBITDA and net interest
Adjusted (bank covenant) EBITDA and net interest Adjusted EBITDA Net interest $M FY26 H1 FY25 H1 $M FY26 H1 FY25 H1 EBIT post AASB 16 (32.0) 144.2 Reported Interest (rolling 12 months) 27.2 25.1 Add ROU depreciation 22.4 21.4 Interest on lease liablities (6.6) (6.7) Adjusted Net Interest 20.6 18.4 L
Slide 33: Glossary of terms (1 of 2)
Glossary of terms (1 of 2) Term Term 4WD 4WD Accessories & Trailering Division FCAI Federal Chamber of Automotive Industries ACS Australian Clutch Services, a subsidiary company of Amotiv Ltd FX Foreign Exchange Adjusted A non-IFRS measure, Earnings Before Interest, Tax and Amortisation adjusted for
Slide 34: Glossary of terms (2 of 2)
Glossary of terms (2 of 2) Term Term Revenue derived from sales of Non-ICE Products. Within Non-ICE Product PTU Powertrain & Undercar Division categories (being, categories of product which don’t depend on an ICE for their Non-ICE operation), a particular SKU may apply to a specific vehicle model, w