Autocanada Inc. · TSX:ACQ
Autocanada — Shareholder Meeting (May 2021)
13 slides from Autocanada's shareholder meeting presentation, May 6, 2021
Slide 1: AutoCanada 2021 Annual General Meeting
AUTOCANADA 2021 ANNUAL GENERAL MEETING MAY 6, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statement Certain information contained in this presentation is forward-looking information within the meaning of applicable Canadian securities legislation. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and simi
Slide 3: 2020 Highlights
2020 Highlights Significant Milestones Achieved Against Key Priorities • Ongoing traction and improvement with Go Forward Plan, strong operating performance • Increased stability and resiliency within Complete Business Model • Consecutive quarters of outperformance to market on new retail vehicle sa
Slide 4: 2020 Highlights (con’t): Outperforming the Canadian New Vehicle Market
2020 Highlights (con’t) AutoCanada Outperforming the Canadian New Vehicle Market • AutoCanada outperformed the Canadian new vehicle market for eight consecutive quarters Same Store New Retail Sales vs. Canadian Market1 Quarterly YoY % Growth Market Brand Representation by AutoCanada Proven Ability t
Slide 5: 2020 Highlights (con’t): Balance sheet continues to strengthen
2020 Highlights (con’t) Balance sheet continues to strengthen • Proven ability to reduce leverage • Generated $131M of Free Cash Flow • Increase of ~$32M TTM Compared to Prior Year • Year end net debt leverage of 1.3x Debt EBITDA • Expect to trend back towards target debt leverage or better in 2021
Slide 6: Free Cash Flow
Free Cash Flow Strong and Consistent Free Cash Flow Generation Over the Past Six Quarters • Free cash flow (FCF) of ~$131 million compared to ~$100 million in the prior year ~$230 million FCF Generated in the Past Two Years ($M) 75 $99.9M $131.4M 65.8 54.8 52.6 53.4 50 25 19.2 6.2 1.0 0 (21.8) Q1 19
Slide 7: Managing Through COVID-19; Agility and Financial Flexibility
Managing Through COVID-19; Agility and Financial Flexibility Focus on Preserving Cash and Strengthening the Business • Actions taken with both an eye to managing range of COVID-19 impacts and ensuring we move forward well positioned to deliver exceptional operating performance • Continually adjusted
Slide 8: Q1 2021 Results Overview
Q1 2021 Results Overview Record First Quarter Results - AEBITDA of $47.2 Million, Outpaces Prior Year by 723% • Revenue was highest first quarter revenue reported in Company’s history • Outperformed the Canadian new retail vehicle market for the ninth consecutive quarter • Canadian used to new retai
Slide 9: Consistent and Sustained Market Outperformance
Consistent and Sustained Market Outperformance Q1 2021 is AutoCanada’s Ninth Consecutive Quarter of Market Outperformance • AutoCanada’s outperformance is attributable to a combination of time in position related to the establishment of our complete business model, an alignment of compensation struc
Slide 10: Used to New Retail Units Ratio
Used to New Retail Units Ratio Trend of Continuous Improvement Demonstrates the Stability of Used Retail Market • Focus on increasing used retail volume reflected by the continued improvement in same store used to new retail unit ratio which increased to 1.19 for Q1 2021 as compared to 1.08 in the p
Slide 11: Recent Dealership Accomplishments
Recent Dealership Accomplishments AutoCanada Owns Some of the Best Performing Dealerships in Canada Award Dealerships 2020 Volkswagen Wolfsburg Crest Club 2020 FCA #1 Market Leader 2020 General Motors President’s Club 2019 Nissan Award of Excellence 2020 Audi President’s Award – #1 Team Audi 2019 Hy
Slide 12: AutoCanada Investment Highlights
AutoCanada Investment Highlights 1 Prudent Balance Sheet Management 2 Increased Resiliency Through Economic Cycles 3 Large and Highly Fragmented Canadian Market with Significant Consolidation Opportunities 4 Disciplined Acquisition Strategy 5 Strong Portfolio of Brands and Revenue Diversification 6
Slide 13: Thank You
AUTOCANADA 2021 ANNUAL GENERAL MEETING THANK YOU investors.autocan.ca