Autosports Group Ltd · ASX:ASG
Autosports — 2023 Macquarie Australia Conference
20 slides from Autosports's conference presentation, May 3, 2023
Slide 1: 2023 Macquarie Australia Conference Presentation
Autosports Group Limited A.C.N. 614 505 261 All Correspondence P.O Box 635 Five Dock NSW 2046 Telephone: (02) 9509 0662 Facsimile: (02) 9509 0668 Website: autosportsgroup.com.au 3 May 2023 ASX announcement 2023 Macquarie Australia Conference Presentation For personal use only Autosports Group Limite
Slide 2: Autosports Group Limited - Macquarie Australia Conference
For personal use only AUTOSPORTS GROUP LIMITED MACQUARIE AUSTRALIA CONFERENCE 03 May 2023
Slide 3: About ASG
MACQUARIE AUSTRALIA CONFERENCE 2023 2 ABOUT ASG ASG was established in 2006 and operates one of Australia's largest networks of luxury and prestige car dealerships. KEY FACTS ASG'S BRANDS AND NUMBER OF For personal use only ▪ Established 17 years ago by founders and major shareholders, DEALERSHIPS (
Slide 4: Track record of delivering growth and shareholder returns
MACQUARIE AUSTRALIA CONFERENCE 2023 3 TRACK RECORD OF DELIVERING GROWTH AND SHAREHOLDER RETURNS Since listing ASG has maintained a track record of delivering both growth and shareholder returns For personal use only CALENDAR YEAR 2017CY 2022CY MOVEMENT Financial Metrics Revenue $'millions 1,524.1 2,
Slide 5: Investment Highlights
MACQUARIE AUSTRALIA CONFERENCE 2023 4 INVESTMENT HIGHLIGHTS Scale and diversity provides growth and resilience BRAND FOCUSED • Prestige and Luxury Brands drive higher revenue per transaction For personal use only • EV product range prevents disruption • Resilient segment with strong forward orderban
Slide 6: A luxury brand focused business
MACQUARIE AUSTRALIA CONFERENCE 2023 5 A LUXURY BRAND FOCUSED BUSINESS Focus on Luxury segment drives sustainable margin growth LUXURY BRANDS For personal use only • Higher maintainable gross margins • Tight supply driving large order banks • Customer capacity to change to high value EVs • Loyal serv
Slide 7: Electric Vehicle Market
MACQUARIE AUSTRALIA CONFERENCE 2023 6 ELECTRIC VEHICLE MARKET Traditional Luxury Brands are most likely to make a profitable and sustainable transition to EV For personal use only VOLUME BRANDS • New market entrants rising (BYD, Chery, MG, NIO) • Tight pricing and margins • Competition fierce • Winn
Slide 8: ASG Consolidation Track Record
MACQUARIE AUSTRALIA CONFERENCE 2023 7 ASG CONSOLIDATION TRACK RECORD Since listing ASG has made 12 acquisitions in 6 years and 6 greenfield locations 2017 2022 2020 For personal use only ▪ Doncaster BMW ▪ Suttons Subaru Rosebery ▪ Doncaster MINI Garage ▪ Suttons Kia Rosebery ▪ Trivett Alexandria ▪ D
Slide 9: 2023FY Growth and Consolidation with BMW Group Brands
MACQUARIE AUSTRALIA CONFERENCE 2023 8 2023FY GROWTH AND CONSOLIDATION WITH BMW GROUP BRANDS Disciplined acquisition of on strategy quality assets on attractive terms QUALITY ASSETS For personal use only ▪ Auckland City BMW Group settled August 2022 — 2 BMW dealerships — 2 MINI dealerships — 1 Rolls-
Slide 10: Growth Opportunity
MACQUARIE AUSTRALIA CONFERENCE 2023 9 GROWTH OPPORTUNITY The automotive industry remains highly fragmented Number of ASG Dealerships and collision repair facilities 70 ▪ There are currently more than 3,380 dealerships in Australia 60 For personal use only 50 ▪ Approximately 30% of these compete in t
Slide 11: A Maturing Business
MACQUARIE AUSTRALIA CONFERENCE 2023 10 A MATURING BUSINESS ASG remains well placed to continue its growth path PROFIT AND MARGIN DRIVERS Gross Profit For personal use only 400 373.8 ▪ Vehicle demand exceeds supply 338.3 350 ▪ Large luxury vehicle orderbanks support revenue and 300 264.6 274.1 265.3
Slide 12: Enhanced Platform for Growth
MACQUARIE AUSTRALIA CONFERENCE 2023 11 ENHANCED PLATFORM FOR GROWTH REVENUE BY BRAND REVENUE BY STATE GROSS PROFIT CONTRIBUTION For personal use only SUPER LUXURY 2% 2016FY 16FY REVENUE CONTRIBUTION 2016 FY HONDA 3% 4% VW 5% MAZDA 8% AUDI 39% VOLKSWAGEN NSW FRONT END 41% MERCEDES-BENZ QLD MAZDA VIC
Slide 13: Financial Position
MACQUARIE AUSTRALIA CONFERENCE 2023 12 FINANCIAL POSITION Ongoing financial capacity to support growth agenda For personal use only • Strong cash conversion of 94% H1 2023FY • Balance sheet well positioned for future growth • Supportive OEM financiers covering 98% of corporate debt • Total corporate
Slide 14: Outlook
MACQUARIE AUSTRALIA CONFERENCE 2023 13 OUTLOOK ASG remains well positioned for continued growth Luxury vehicle market remains resilient with luxury and super luxury demand For personal use only exceeding supply Growing orderbanks and strong service and parts organic growth will help maintain ASGs gr
Slide 15: Questions
For personal use only QUESTIONS
Slide 16: Appendix
For personal use only Appendix
Slide 17: Financial Highlights H1 2023FY
MACQUARIE AUSTRALIA CONFERENCE 2023 16 FINANCIAL HIGHLIGHTS H1 2023FY Strong H1 operating performance driven by demand led organic growth and the impact of strategically aligned acquisitions. For personal use only Statutory NPAT up 70.8% Revenue up 16.6% on PCP $1,062 million on PCP $35.1 million Op
Slide 18: Normalised H1 2023FY Results
MACQUARIE AUSTRALIA CONFERENCE 2023 17 NORMALISED H1 2023FY RESULTS H1 2023FY H1 2022FY Movement Growth on Normalised PBT 52.0 39.2 32.6% $m H1 2023FY H1 2022FY PCP Statutory adjustments For personal use only New Vehicles 630.8 564.4 11.8% Used Vehicles 250.3 209.0 19.8% - Impact of AASB16 lease acc
Slide 19: Important Notice and Disclaimer
MACQUARIE AUSTRALIA CONFERENCE 2023 18 IMPORTANT NOTICE AND DISCLAIMER This presentation contains summary information about Autosports Group Limited (ACN 614 505 261) (ASG) and its activities current as at the date of this presentation. The information in this presentation is of general background a
Slide 20: Drive Endless Possibilities
QuTosports group” DRIVE ENDLESS POSSIBILITIES
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