Amotiv Limited · ASX:AOV
Amotiv — Macquarie Australia Conference 2021
16 slides from Amotiv's conference presentation, May 5, 2021
Slide 1: Macquarie Australia Conference Presentation – ASX cover letter
5 May 2021 Manager, Company Announcements ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000 Dear Sir Macquarie Australia Conference Presentation – 6 May 2021 Attached is a copy of a presentation to be given by Graeme Whickman, Managing Director and CEO, GUD Holdings Limited at the Macquarie Austr
Slide 2: Macquarie Australia Conference – 6 May 2021
GUD Macquarie Australia Conference – 6 May 2021 HOLDINGS LIMITED Graeme Whickman Martin Fraser GUD HOLDINGS LIMITED Managing Director Chief Financial Officer 1
Slide 3: Macro economic drivers remain positive
Macro economic drivers remain positive GUD HOLDINGS LIMITED • Positive macro factors persist Mobility Trends in Australia • Used vehicle volumes and values rising (30-day moving average change in routing requests since 13/1/20; Apple Mobility Trends Report) • Mobility at strong levels (domestic driv
Slide 4: Trading in line with guidance
Trading in line with guidance GUD HOLDINGS LIMITED • Q3 FY21 Group trading in line with expectations – Automotive: Strong workshop end user demand sees YTD Auto YoY organic sales growth of 15% – Water: YoY sales up 4%. COVID lockdown impacts continuing as production ramps to meet sales backlog with
Slide 5: G4CVA acquisitions tracking to plan
G4CVA acquisitions tracking to plan GUD HOLDINGS LIMITED • Buy stage; final completion amount subject to FY21 sales earn out rise and fall i. Maximum sales trigger would see an additional payment of $2.1m ii. Minimum sales trigger would see a refund of $2.1m (which is currently sitting in escrow) •
Slide 6: Solid start to ACS acquisition
Solid start to ACS acquisition GUD HOLDINGS LIMITED • Buy stage; final completion payment expected to be paid by May 2021 • Bolster stage; well underway I. Business performing slightly ahead of expectations II. Integration ahead of expectations III. Potential ACS ERP enhancements under evaluation IV
Slide 7: Automotive acquisition landscape remains robust
Automotive acquisition landscape remains robust GUD HOLDINGS LIMITED • No shortage of aftermarket acquisition opportunities • Disciplined approach maintained with adherence to clearly defined acquisition and pricing criteria • Balance sheet remains well-positioned for bolt-ons • Debt financier suppo
Slide 8: Q&A
Q&A GUDLIMITED GUD HOLDINGS HOLDINGS LIMITED 7
Slide 9: Appendix: H1FY21 results presentation highlights
Appendix: H1FY21 results presentation highlights GUD HOLDINGS LIMITED 8
Slide 10: H1 FY21 Snapshot
H1 FY21 Snapshot GUD HOLDINGS LIMITED Rebound in earnings demonstrates resilience of Automotive business Summary Group Financials – Statutory • Net revenue up 11% on PCP reflecting strong recovery in Automotive demand ― Domestic Auto rebounded strongly. Exports were COVID-19 impacted $M H1 FY21 H1 F
Slide 11: COVID-19 Financial Impacts
COVID-19 Financial Impacts GUD HOLDINGS LIMITED • Higher freight costs due to shipping disruption Incremental costs • Higher air freight costs across Automotive, predominately in BWI • Incremental cost of split/staggered shifts in warehouses and production sites • Additional IT expenditure to suppor
Slide 12: Automotive
Automotive GUD HOLDINGS LIMITED Financials – Statutory $M H1 FY21 H1 FY20 YoY% Revenue 196.7 173.6 13.3% Underlying EBITDA 56.7 48.1 18.0% Depreciation & Amortisation (4.3) (4.6) Underlying EBIT 52.4 43.4 20.7% Underlying EBIT Margin 26.6% 25.0% Note: small differences due to rounding Strong revenue
Slide 13: Automotive – H1 FY21 Snapshot
Automotive – H1 FY21 Snapshot GUD HOLDINGS LIMITED Ryco Filters • Strong revenue-driven growth over PCP driven by strong demand beyond reseller restocking • Strategic initiatives across commercial and 4x4 channels are progressing to plan – Released new Catch Can kit for Isuzu trucks and continued ro
Slide 14: Automotive – H1 FY21 Snapshot
Automotive – H1 FY21 Snapshot GUD HOLDINGS LIMITED BWI • Strong revenue-driven growth on PCP – Caravan and Truck OEM segments growing to meet demand. Awarded Jayco power management contract – Very strong sales growth in retail DIY channels. Launched TJM’s Sunseeker range through store network – Supp
Slide 15: Water
Water GUD HOLDINGS LIMITED Financials – Statutory $M H1 FY21 H1 FY20 YoY% Revenue 54.8 53.5 2.4% Underlying EBITDA 4.4 6.6 -33.6% Depreciation & Amortisation (2.2) (2.1) Underlying EBIT 2.1 4.5 -51.9% Underlying EBIT Margin 3.9% 8.3% Note: small differences due to rounding • Sales growth hampered by
Slide 16: Disclaimer
Disclaimer GUD HOLDINGS LIMITED Important notices This Presentation has been prepared by GUD Holdings Limited (ABN 99 004 400 891) (“GUD” or “Company”). Summary information This Presentation contains summary information about GUD and its activities current as at 5 May 2021. The information in the Pr