Karooooo Ltd. (KARO) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Kourou's Q1 FY2027 Financial Results presentation. On behalf of Kourou, we would like to thank you for joining us today. I'm Paul Bieber, VP of Investor Relations and Strategic Finance. We are joined today by Zach Calisto, Founder and Group CEO, Hoe Shin Goy, Chief Financial Officer, and Carmen Calisto, Chief Strategy and Marketing Officer. I would like to remind everyone that some of the statements that we make today regarding our business, operations, and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions. They are subject to several risks and uncertainties. Our actual results could differ materially. Please refer to the Safe Harbor Statement in our Form 20F, including the risk factors and the 6K that we filed yesterday. We undertake no obligation to update any forward-looking statements. During this call, we will present both IFRS and non-IFRS financial measures. A reconciliation of non-IFRS to IFRS measures is included in the 6K that we filed with SEC yesterday. Our comments may refer to year-over-year comparisons unless we state otherwise. I will now pass the call over to Carmen. Thanks Paul. Welcome to Karoo's Q1 FY27 Financial Results presentation. FY27 is off to a strong start highlighted by CarTrack's subscription revenue growth accelerating to 19% in Q1 despite foreign exchange headwinds associated with the strengthening czar. In constant currency, CarTrack's subscription revenue growth accelerated to 21%, and despite the strengthening ZAR, ARR growth also accelerated to 19% in ZAR and 22% in constant currency. ARR growth increased 32% in U.S. dollars. We continue to cement our leadership position in South Africa, our most mature market with subscription revenue gro...