Elevated H1 working capital (including inventory spike of >350 DBX707s) expected to unwind in H2
Ramp up of DBX707 and V12 Vantage deliveries in H2
Expect positive free cash flow2 in H2
Announced proposed £653m equity capital raise
Meaningful deleveraging of balance sheet, support and accelerate long-term growth
New anchor shareholder PIF investing £174m, Yew Tree and MBAG investing £161m
Amendment to Strategic Cooperation Agreement with Mercedes-Benz AG
Extends timeframe for tranche 2 share issuance into 2024
No change to timeline for our first BEV, which we continue to target for launch in 2025
4 Certain financial data within this presentation has been rounded; see Appendix for more detail on APMs; (1) Total wholesales are company sales to dealers (some Specials are direct to customer); (2) Operating cashflow less investing activities (excl. interest) and net cash interest
H1 2022 Financial Results
9% YoY revenue growth and 20% adjusted EBITDA growth, H1 wholesales and free cash flow impacted by supply chain challenges
Total Wholesales1 (units)
Adjusted Operating Loss (£m)
(73)
H1 2022
2,676
H1 2022
H1 2021
2,901
H1 2021
(36)
Revenues (£m)
Free Cash Flow2 (£m)
H1 2022
542
H1 2022
(234)
H1 2021
499
H1 2021
(44)
Adjusted EBITDA (£m)
Net Debt (£m)
H1 2022
59
H1 2022
1,266
H1 2021
49
H1 2021
792
5 Certain financial data within this presentation has been rounded; see Appendix for more detail on APMs; (1) Total wholesales are company sales to dealers (some Specials are direct to customer); (2) Operating cashflow less investing activities (excl. interest) and net cash interest; cash interest payments are in Q2 and Q4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Aston Martin Lagonda Global Holdings plc published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 06:13:13 UTC.
Aston Martin Lagonda Global Holdings plc is a United Kingdom-based company, which is engaged in the manufacturing of luxury cars. The Company operates primarily within the ultra-high luxury sports car market segment. It has a portfolio of front-engine Sport/ GT cars and sport utility vehicles (SUVs). It produces a range of luxury models, including the Vantage, DB11, DBS and DBX and its hyper car, the Aston Martin Valkyrie. It designs, creates and exports cars, which are sold in approximately 54 countries around the world. Its product pipeline includes Valhalla, Aston Martin Valkyrie Spider, DBX Straight-Six, DBX707 derivative and V12 Vantage, among others. Its DBX Straight-Six, Valhalla, and Aston Martin Valkyrie have hybrid technology. Its sports cars are manufactured in Gaydon with its luxury SUV range manufactured in St Athan, Wales. Its subsidiaries include Aston Martin Capital Holdings Limited, Aston Martin Lagonda Group Limited, Aston Martin Lagonda Limited and others.
ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC 
