Bapcor Ltd · ASX:BAP
Bapcor — Macquarie Australia Conference 2025
24 slides from Bapcor's conference presentation, May 8, 2025
Slide 1: ASX Announcement: Macquarie Australia Conference Presentation
ASX Announcement Bapcor Limited (ASX: BAP) 8 May 2025 Macquarie Australia Conference Presentation For personal use only Bapcor Limited (“Bapcor”) provides the attached presentation, which will be delivered by Angus McKay, Bapcor’s Executive Chair and Chief Executive Officer, at the Macquarie Austral
Slide 2: Macquarie Australian Conference Presentation
For personal use only Macquarie Australian Conference Presentation 8 May 2025 Angus McKay Executive Chair & CEO
Slide 3: Acknowledgement of Country
Acknowledgement For personal use only of Country Bapcor would like to acknowledge the Traditional Custodians of country throughout Australia. We pay our respect to elders past and present. We recognise the continued connection of all First Nations people with country across Australia, in particular,
Slide 4: Agenda
Agenda For personal use only 1 Introduction 2 Market trends and fundamentals 3 Why we will win 4 Setting Bapcor up for growth 5 What success looks like 6 Questions and Answers
Slide 5: Business foundations
Business foundations Our aspiration For personal use only To drive sustainable growth and be obsessive about the customer Built on a clear purpose with strong values and an unwavering commitment to safety, our expertise Our purpose fuels growth and sets us Be there for what matters most apart in the
Slide 6: About Bapcor today
About Bapcor today For personal use only Our customers $2.0B Generalist F24 mechanics Total 36% of revenue 36% of revenue 20% of revenue 8% of revenue revenue Truck & We sell to independent We have a collection We sell to consumers We sell to independent Commercial mechanics, national of truck (CVG)
Slide 7: Australian and New Zealand market trends & fundamentals
For personal use only Australian and New Zealand market trends & fundamentals 6
Slide 8: Key market drivers
Key market drivers Australian vehicle parc (CY2025-28 Forecast) Registered vehicles (millions) For personal use only Vehicle Cost Expanding Sustained innovation conscious 2% car parcs age of Total & technology consumers 25 21.9 22.3 car parcs 21.0 21.4 20 15 10 Australia: expected Average age BEV re
Slide 9: Why we will win
For personal use only Why we will win 8
Slide 10: Why we will win
Why we will win For personal use only Diverse portfolio of Bapcor Access to Nationwide An efficient, effective and brands and third-party ranges premium brands supply chain rational supply chain capable including delivering to of servicing stores and ‘owned’ stores and customers exclusive brands cus
Slide 11: Where we play
Where we play For personal use only Our customers Business units Generalist Burson, Precision, mechanics BNT We sell to independent We have a collection We sell to consumers We sell to independent mechanics, national of truck (CVG), through our retail mechanics, national Truck & chains and service e
Slide 12: Our operating model
Our operating model must leverage the balance between customer-facing strengths and group-wide expertise For personal use only Where we play OUR OPERATING MODEL Generalist mechanics Customer Supported facing strengths by expertise Truck & commercial mechanics Customer service Finance/ Risk DIYers, c
Slide 13: Significant opportunities to grow organically
Significant opportunities to grow organically 1 2 3 4 5 6 For personal use only Consolidate and Close the gap to Stabilise and Accelerate Streamline legacy Maximise enhance our become the grow our Retail expansion of systems and invest shareholder market leadership undisputed operations our store st
Slide 14: Setting Bapcor up for growth
For personal use only Setting Bapcor up for growth
Slide 15: Key management actions
Key management actions Strategy has been set to execute against six clear strategic imperatives STRATEGIC PRIORITIES FY25 STRATEGIC IMPERATIVES 2H25 AND BEYOND For personal use only On track to deliver at top end of $20M-$30M saving in FY25 One Optimised Customer Simplify and consolidate Specialist
Slide 16: Strategic imperatives: optimised network, one supply chain
Strategic imperatives For personal use only Optimised One network Provide platform for supply Right parts, right chain driving growth place, right cost › Consolidate under-performing stores › Optimise and leverage investment in (total group but particularly in Retail) state-of-the-art automated DC n
Slide 17: Strategic imperatives cont.: customer focus, digitalise the business
Strategic imperatives cont. For personal use only Customer Digitalise focus Customer at the centre the Deliver improved business of everything we do operating efficiencies › Implement single CRM › Expand Retail eCommerce offering › Strengthen loyalty programs › Broaden eCommerce to other business un
Slide 18: Strategic imperatives cont.: store fitness, simplify the business
Strategic imperatives cont. For personal use only Store Simplify fitness Drive performance- the Remove complexity and business based culture provide clarity › Enhance in-store capability › Eliminate internal transactions › Elevate customer service › Implement pricing tools › Strengthen sales, catego
Slide 19: Disciplined capital management
Disciplined capital management • Robust balance sheet and strong cash flow discipline For personal use only Operating Investing Interest • Continuous focus on cost efficiency and optimisation cash capex • Debt capacity with well-managed maturities • Strategic and disciplined approach to capital allo
Slide 20: What success looks like
For personal use only What success looks like
Slide 21: Indicative scorecard
Indicative scorecard Clear performance metrics to track strategic delivery Financial metrics For personal use only FY24 FY30 Revenue $2.,037M >5% (5YR CAGR) EBITDA $268.4M >10% (5YR CAGR) ROIC 9.5% >13.5% % inventory to sales 26.4% <25% Non-financial metrics FY24 FY30 Safety - TRIFR 15.41 <10 Custom
Slide 22: Q&A
For personal use only Q&A 21
Slide 23: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Bapcor Limited (“Bapcor”) ABN 80 153 199 912 and is general background information about Bapcor’s activities current at the date of this presentation. The information is given in summary form and does not purport
Slide 24: Asia Pacific's leading provider of vehicle parts, accessories, equipment, service and solutions
For personal use only Asia Pacific’s leading provider of vehicle parts, accessories, equipment, service and solutions