Annual Report 2022
CONTENTS
1 | Our Operational Highlights | 17 | International Highlights | 56 | Other Directors' Report | ||
2 | Our Strategy | 20 | Our People. Our Culture. | Disclosures | |||
60 | Auditor's Independence | ||||||
3 | The Evolution of our Strategy | 26 | Directors' Report | ||||
Declaration | |||||||
4 | Chair and CEO Letter | 30 | Corporate Governance | 62 | Financial Statements | ||
8 | What We Do | 30 | Sustainability Report | 131 | Directors' Declaration | ||
8 | Our Markets | 32 | Our Board | 132 | Independent Auditor's Report | ||
9 | Our Australian Business | 34 | Our People and Culture | 138 | Shareholder Information | ||
13 | Australian Highlights | Chair's Message | 140 | Corporate Directory | |||
36 | Remuneration Report | ||||||
16 | International Businesses | ||||||
Founded in 1997, carsales.com Ltd (ASX: CAR) is the number one online automotive classifieds business in Australia with a growing global presence in Asia and the Americas. carsales.com Ltd also operates a number of market leading websites in non-automotive verticals including motorcycles, boats, caravans, trucks and heavy machinery.
We seek to empower our customers, making buying and selling vehicles as easy as possible for everyone - consumers, dealers and manufacturers alike. Headquartered in Melbourne, Australia carsales employs over 1700 people across the world and is a member of the S&P/ASX100.
carsales Annual Report 2022
OUR OPERATIONAL HIGHLIGHTS
(FY22 METRICS COMPARED TO FY21 UNLESS OTHERWISE STATED)
1.3 billion | 46 thousand | 2.1 million |
Total sessions | Subscribed dealers | Vehicles online |
Launched Select | Great place to work® | 385 thousand |
carsales' digital retail | Awarded for the fifth consecutive | Cars inspected by Encar |
product in August 2021 | year |
6% increase | Nifty Fifty | Carbon Neutral | |
In employee engagement | Trader Interactive | In our Australian | |
per our Employee | Innovation award for | Operations | |
Opinion Survey | digital retail product | ||
carsales Annual Report 2022 | 1 |
HIGHLIGHTS | OPERATIONAL | OUR |
STRATEGY OUR | ||
AND CHAIR LETTER CEO | ||
MARKETS OUR | DO WE WHAT | |
BUSINESS | AUSTRALIAN OUR | |
HIGHLIGHTS | AUSTRALIAN | |
BUSINESS | INTERNATIONAL | OUR |
HIGHLIGHTS | INTERNATIONAL | |
CULTURE OUR | .PEOPLE OUR | |
REPORT | DIRECTORS' | |
GOVERNANCE | CORPORATE | |
REPORT | SUSTAINABILITY | |
BOARD OUR | ||
AND PEOPLE OUR CHAIR'S CULTURE MESSAGE | ||
REPORT | REMUNERATION | |
DISCLOSURES | REPORT | DIRECTORS' OTHER |
DECLARATION | INDEPENDENCE | AUDITOR'S |
OUR STRATEGY
Our Purpose
Make Buying and Selling A Great Experience
Our Strategic Pillars
Digital | Value-added | Future | ||
Marketplaces | Services | Horizons | ||
Grow our leadership in | Build a compelling | Leverage consumer | ||
digital marketplaces | ecosystem of services | insights and emerging | ||
that support our | industry trends | |||
customers through | to explore new | |||
the buying, selling and | opportunities | |||
ownership of vehicles |
Our Drivers
Data | People | Technology |
2 carsales Annual Report 2022
THE EVOLUTION OF OUR STRATEGY
1997 | 2005 | 2006 | 2009 | 2010 |
carsales domain | carsales acquires | carsales hits | carsales lists | carsales hits |
name registered | PBL Media's | 100,000 | on the ASX | 200,000 |
websites | cars online | cars online |
2015 | 2014 | 2013 | 2013 | ||
Launched digital | Acquired 49.9% | Launched | Acquired 30% stake | ||
trade-in product | stake in Encar | ecommerce platform | in webmotors (Brazil) | ||
Instant Offer | (Korea) | tyresales.com.au | |||
2016 | 2016 | 2017 | 2020 | ||||||||
Launched vehicle | Acquired controlling | Acquired remaining | Launched | ||||||||
inspection service | stake in chileautos | stake in Encar | mobility-as-a | ||||||||
RedBook Inspect | (Chile) and soloautos | service transport | |||||||||
(Mexico) | aggregator Placie | ||||||||||
2022 | 2021 | 2021 | 2021 | ||||||||||
Acquired 49% stake | |||||||||||||
Acquired remaining | Launched buy online | Acquired digital | |||||||||||
in non-auto | |||||||||||||
stake in Trader | service Select | tyre wholesaler | marketplace group | ||||||||||
Interactive* | tyreconnect | Trader Interactive (US) | |||||||||||
* Transaction due to complete in late Q1/early Q2 of FY23
carsales Annual Report 2022 | 3 |
HIGHLIGHTS | OPERATIONAL | OUR |
STRATEGY OUR | ||
AND CHAIR LETTER CEO | ||
MARKETS OUR | DO WE WHAT | |
BUSINESS | AUSTRALIAN OUR | |
HIGHLIGHTS | AUSTRALIAN | |
BUSINESS | INTERNATIONAL | OUR |
HIGHLIGHTS | INTERNATIONAL | |
.PEOPLE OUR CULTURE OUR | ||
. | ||
REPORT | DIRECTORS' | |
GOVERNANCE | CORPORATE | |
REPORT | SUSTAINABILITY | |
BOARD OUR | ||
AND PEOPLE OUR CHAIR'S CULTURE MESSAGE | ||
REPORT | REMUNERATION | |
DISCLOSURES | REPORT | DIRECTORS' OTHER |
DECLARATION | INDEPENDENCE | AUDITOR'S |
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Disclaimer
Carsales.com Limited published this content on 14 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 08:32:07 UTC.