HALF YEAR RESULTS PRESENTATION

HALF YEAR ENDED 31 DECEMBER 2020

DISCLAIMER AND NON-IFRS INFORMATION

Disclaimer

The material in this presentation has been prepared by carsales.com Limited (ASX: CAR) ABN 91 074 444 018 ("carsales") and is general background information about carsales' activities current as at the date of this presentation. The information is given in summary form and does not purport to be complete. In particular you are cautioned not to place undue reliance on any forward looking statements regarding our belief, intent or expectations with respect to carsales' businesses, market conditions and/or results of operations, as although due care has been used in thepreparation of such statements, actual results may vary in a material manner. Information in this presentation, including forecast financial information, should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice.

Non-IFRS Financial Information carsales' results are reported under International Financial Reporting Standards (IFRS). This presentation also includes certain non-IFRS measures including "adjusted", "underlying" "proforma" and "look-through". These measures are used internally by management to assess the performance of our business and our associates, make decisions on the allocation of resources and assess operational management. Non-IFRS measures have not been subject to audit or review. All numbers listed as reported comply with IFRS.

CONTENTS

Key Highlights & COVID-19 Observations

4 -7

Financial Review

8 - 14

carsales Australia carsales International

15 - 19

20 - 23

Strategy Update

24 - 32

FY21 Outlook

33 - 34

Appendix

35 - 40

H1 FY21 HIGHLIGHTS

  • • Strong earnings growth across our Domestic and International businesses.

  • • Delivered 3% growth in Adjusted Revenue excluding the decline in low margin tyresales volumes, reflecting the resilience of the business.

  • • $11m in dealer support demonstrating commitment to industry stake holders and reflected in reported financial metrics.

  • • Excellent free cash flow generation and a strong balance sheet support an interim dividend of 25.0 cents per share, up 14% on pcp2.

  • • Very strong international result with South Korean EBITDA up 30%4 and International now representing 25% of look-through3 revenue.

  • • Significant growth potential in Domestic and International businesses with trends coming out of COVID-19 generally positive for carsales.

  • 1. Adjusted Revenue excludes COVID-19 support rebate provided to dealers, Adjusted EBITDA and Adjusted NPAT stated above is post non-controlling interests and excludes certain non-recurring or non-cash items. See slide 36 regarding the disclosure of non-IFRS information and slides 37-38 for a reconciliation of Reported to Adjusted Financials.

  • 2. pcp refers to prior corresponding period

  • 3. For look-through definition refer slide 10

  • 4. Refers to local currency growth.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Carsales.com Limited published this content on 17 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2021 21:15:08 UTC.