Eagers Automotive Limited · ASX:APE
Eagers Automotive — H1 2026 Earnings Presentation
43 slides from Eagers Automotive's earnings presentation, Aug 27, 2026
Slide 1: Half Year 2026 Results Presentation ASX cover letter
27 August 2026 Markets Announcements Office ASX Limited Half Year 2026 Results Presentation Attached is the Half Year Results Presentation for Eagers Automotive Ltd (ASX:APE) for the half year ended 30 June 2026. For personal use only -ENDS- For more information: Keith Thornton Jon Snowball Chief Ex
Slide 2: HY 2026 Results
For personal use only HY 2026 Results 27 th August 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: Record performance: positioned for continued growth
Record performance: positioned for continued growth Record performance: positioned for continued growth Strong revenue growth, preserved margins & EPS growth, with balance sheet capacity for next growth phase ACHIEVED RECORD REVENUE GROWTH A TRACK RECORD OF GROWTH +24. 0 % 1H26 turnover growth of $1
Slide 6: Eagers Group delivers strong financial highlights for HY 2026
Eagers Group delivers strong financial highlights for HY 2026 Eagers Group delivers strong financial highlights for HY 2026 Underlying 1 Return on Corporate Statutory Available New Car Operating Revenue Sales Debt PBT Liquidity Deliveries only PBT (Underlying) Net of Cash use ANZ: $ 202.7 m 1 ANZ: $
Slide 7: Our culture enables consistent execution
Our culture enables consistent execution Our culture turns strategy into action and drives superior long - term performance. CULTURE DRIVES PERFORMANCE CULTURE IN ACTION For personal use only CULTURE SUCCESSFUL INTEGRATION A strong culture of integrity, Proven track record of integrating ownership a
Slide 8: Canada: our second significant step change
Canada: our second significant step change Canada: our second significant step change Building on the national scale established in 2019 to create a global automotive services platform. For personal use only STEP CHANGE 1: NATIONAL SCALE STEP CHANGE 2: GLOBAL PLATFORM WHY THIS MATTERS ESTABLISHED ES
Slide 9: Contribution from CanadaOne in line with our expectations
Contribution from CanadaOne in line with our expectations… Contribution from CanadaOne in line with our expectations… (1) Underlying (1) Underlying (1) Underlying Underlying (1) Turnover ($’B) ROS (%) EBITDA ($’M) PBT ($’M) EPS (CPS) For personal use only 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt
Slide 10: Underpinning our confidence in our second significant step change
…underpinning our confidence in our second significant step change …underpinning our confidence in our second significant step change (1) Underlying (1) Underlying (1) Underlying Underlying (1) Turnover ($’B) ROS (%) EBITDA ($’M) PBT ($’M) EPS (CPS) For personal use only 2026 2025 Mvmt 2026 2025 Mvm
Slide 11: Financial
For personal use only 2 Financial Results
Slide 12: Summary Group P&L HY 2026
S ummary Group P&L HY 2026 Key Takeaways Mvmnt Mvmnt $ Million HY24 HY25 HY26 $ or (%) (%) For personal use only Underlying Operating Results Record Turnover with balanced contribution across Revenue from continuing operations 5,464.2 6,496.7 8,053.5 1,556.8 24.0% organic growth and acquisitions (1)
Slide 13: Strong balance sheet enables balanced capital management
Strong balance sheet enables balanced capital management Balance Sheet Strength $ Million FY2 1 FY2 2 FY2 3 FY2 4 FY2 5 HY26 Consolidated For personal use only ANZ & CA Cash 197.6 190.4 222.2 183.7 456.7 1,165.2 HY26 Net Debt $ Million FY23 FY24 FY25 Consolidated 128.4 253.5 262.7 813.1 100.0 674.9
Slide 14: Australia & New Zealand Performance
For personal use only Australia & New Zealand 3 Performance
Slide 15: Resilient new vehicle market in which Eagers is winning
Resilient new vehicle market in which Eagers is winning the trend… Australian New Vehicle Market (1) 140k Eagers reported AU new vehicle market share 17.9% Market share for FY 2019 to June 2026 June 2026 an January 2010 to June 202 6 the month of all time monthly For personal use only 1.4 June 2026
Slide 16: Whilst optimising our business model
Whilst optimising our business model…. Whilst optimising our business model…. Growing scale Optimising margin Executing clear long - term strategy For personal use only Mvmt Mvmt Underlying (2) cost base margin before FY19 FY25 HY26 vs interest and depreciation vs FY19 FY25 14.2% 14.3% Owned Propert
Slide 17: Industry leading return on sales operating model
Resulting in an industry leading return on sales operating model. Resulting in an industry leading return on sales operating model. How Industry Gross Margin Works Underlying ROS Industry gross margin is a mix between front end and back end. Half on half comparison +2. 3% ROS outperformance For pers
Slide 18: Canada Performance
For personal use only 3 Canada Performance
Slide 19: Expanding our growth platform
Expanding our growth platform Contribution to Eagers Group HY26 Results Expanding our growth platform Contribution to Eagers Group HY26 Results Underlying Performance (1) 2- months ended 30 June 2026 For personal use only $1,036.1m Turnover 9.5k New Units Sold $43.2m Underlying PBT ~2.5% Market Shar
Slide 20: Significant runway for growth in North American market
Significant runway for growth in North American market Significant runway for growth in North American market A leading position in Canada provides a scalable platform with significant expansion opportunity across North America. PROVEN PLATFORM IN CANADA STRATEGIC FOOTPRINT TODAY WHY THIS MATTERS Fo
Slide 21: Strategic Initiatives
For personal use only 4 Strategic Initiatives
Slide 22: Defining our capital allocation strategy
Defining our capital allocation strategy 1 Reshape The Portfolio 2 Capital Follows Returns 3 Scale In Canada Actively Manage In Prioritise Capital Toward Invest In A Market With Structural A Changing Market. Higher - return Opportunities. Growth And Higher Returns. For personal use only Canada: Indu
Slide 23: Joint Venture formation with Grand Motors Group
Joint Venture formation with Grand Motors Group A 49% strategic partnership investment in a scaled, multi - brand dealership group across Sydney and the Gold Coast. For personal use only PLATFORM SCALE ~$490m ~6,100 Estimated annual New unit sales Turnover (¹) p.a. 6 11 Leading brand partners Operat
Slide 24: Expanding the premium footprint in Melbourne
Expanding the premium footprint in Melbourne Acquisition of Audi Centre Melbourne and Audi Richmond For personal use only PREMIUM GROWTH A targeted expansion into two established 23 metropolitan locations Audi Centre Melbourne | Audi Richmond ~$140m ~1,100 Estimated annual turnover (1) New vehicle s
Slide 25: Capital management discipline
Capital management discipline Re - allocation of capital to compelling opportunities DIVEST RETAIN & GROW For personal use only NZ Franchised Automotive easyauto123 New Zealand 9 3 retail and service retail sites locations 7 Auckland brands + Christchurch 24 ~$325m Scalable independent turnover used
Slide 26: We continue to invest in the eco-system
We continue to invest in the eco - system Fleet Sell Buy For personal use only Eagers Automotive to acquire a 17.5% minority stake in Australia’s largest vehicle subscription business. Subscribe Finance 2019 >3,400 Active established Subscriptions Valet Integrated Insure 250+ 35+ mobility ecosystem
Slide 27: Independent Used
For personal use only Independent Used Page 26 of 42 | Eagers Automotive | 1H26 Results
Slide 28: Defining our capital allocation strategy
Defining our capital allocation strategy HIGH USED VEHICLE MARKET NEW VEHICLE MARKET Responding where For personal use only PORTFOLIO RESPONSE CORE IMPACT ZONE value is moving. 3x Greatest structural change and disruption Decrease / Rationalise Maintain / Optimise Increase / Grow CONSOLIDATION THE S
Slide 29: Record independent used result
Record independent used result EASYAUTO123 PERFORMANCE VOLUME REVENUE UNDERLYING (1) PBT For personal use only +30.4 % +39.9 % +42.9 % vs 1H25 vs 1H25 vs 1H25 Earnings growth is outpacing volume growth. INDEPENDENT USED PERFORMANCE easyauto123 + Carlins (1) PROFIT 28 VOLUME UNDERLYING easyauto123 Ca
Slide 30: easyauto123 continues to outperform the market
easyauto123 continues to outperform the market Growing faster while improving unit economics and stock velocity. 1 GROWING FASTER 2 EARNING MORE 3 SELLING FASTER Volume growth (YoY) Vehicle GPU growth (YoY) Average days to sell used vehicles For personal use only easyauto123 Australian Market 2025 (
Slide 31: Record performance. Clear path to a scaled category killer
Record performance. Clear path to a scaled category killer Building on a record FY26 result to deliver 100,000 units retailed by FY30. Our Growth Journey Strategic Initiatives To Achieve Our Goal For personal use only 100,000 Grow Customer Demand Units Retailed Build Australia’s most trusted pre - o
Slide 32: Outlook
For personal use only 5 Outlook
Slide 33: Short and medium term outlook
Short and medium term outlook Turnover Growth Incremental Growth Engines For personal use only 13.0 Optimisation Continued portfolio 11.2 optimisation . 9.9 8.7 8.7 8.5 5.8 3.8 4.1 4.1 Our Tier 1 scale 3.2 Outperformance partnerships will drive Turnover outperformance. 2015 2016 2017 2018 2019 2020
Slide 34: Q&A
For personal use only Page 33 of 42 | Eagers Automotive | FY 2025 Results
Slide 35: Questions? Q&A
Confidential, incomplete, preliminary and subject to verification, audit and board approval For personal use only QUESTIONS? Q&A Page 34 of 43 | Eagers Automotive | FY 2025 Results
Slide 36: Appendices
For personal use only 6 Appendices
Slide 37: Statutory to Underlying EBITDAI & PBT – HY 2026
Statutory to Underlying EBITDAI & PBT – HY 2026 Depn & Interest Interest Tax $ MILLION HY 2026 EBITDAI Impairment PBT NPAT Amort Expense Income Expense For personal use only Underlying Operating 364.6 (28.6) (85.6) - - 250.4 (73.0) 177.4 Impairment - - - - - - - - AASB16 Lease Standard 78.0 (55.5) (
Slide 38: Statutory to Underlying EBITDAI & PBT – HY 2025
Statutory to Underlying EBITDAI & PBT – HY 2025 Depn & Interest Interest Tax $ MILLION HY 2025 EBITDAI Impairment PBT NPAT Amort Expense Income Expense For personal use only Underlying Operating 296.7 (21.8) (77.2) - - 197.7 (59.3) 138.4 Impairment - - - AASB16 Lease Standard 74.8 (54.3) (21.6) 1.6
Slide 39: Disclaimer
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,
Slide 40: 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 41: Definitions
Definitions Non - IFRS Financial Information EBITDAI margin is calculated as EBITDAI before significant items as a percentage of revenue For personal use only EPS is defined as earnings per share EV is defined as electric vehicle FA is defined as Franchised Automotive F&I is defined as Finance & Ins
Slide 42: Definitions
Definitions Non - IFRS Financial Information NPAT is defined as net profit after tax PAT is defined as profit after tax For personal use only PBT is defined as profit before tax PBT margin is calculated as profit before tax before significant items as a percentage of revenue PCP is defined as prior
Slide 43: For personal use only
Confidential, incomplete, preliminary and subject to verification, audit and board approval For personal use only Page 42 of 43 | Eagers Automotive | FY 2025 Results