INVESTOR PRESENTATION
July 2022
Inchcape
Inchcape: Group overview
Our business | Our differentiators |
Distribution focusGlobal scale
c.90% of | >40 markets |
profit | 6 continents |
Vehicles & Parts | Technology |
Strong automotive | Digital & Analytics |
brands | leader |
Leading global automotive distributor | Specialist in higher growth markets |
Long-term relationships with global OEMs | Leveraging technological capability |
2
Our financials
ROCE
>25%
Cash conversion
>60%
Strong financial position (M&A firepower)
Attractive capital allocation framework
Inchcape | 3 |
First half 2022 headline KPIs
Topline | Profitability | Cash | Shareholders |
Revenue | Operating margin | Free Cash Flow | Adjusted EPS |
£3.9bn | 5.2% | £224m | 35.0p |
(1H21: 3.8%) | |||
+12% | £184m | £439m | 7.5p |
Interim +17% YoY | |||
Organic growth (YoY%) | PBT | Net cash | Dividend per share |
Figures are stated before adjusting items, and on the basis of continuing operations
Inchcape | 4 |
Considerable opportunities for an ambitious Inchcape
Distribution Excellence | Vehicle Lifecycle Services |
Annual new car volumes (units)
90m17m
Vehicle lifecycle value profit split2
Large markets;
typically insourced by OEMs
e.g. China,
US, UK,
Brazil,
Mexico
New market opportunities
75% Currently
underserved | |
3x | by Inchcape |
Inchcape | |||
17m | markets | ||
worldwide | |||
Global | Typical distribution | ||
markets1 |
25%
Inchcape
volumes | Initial User | Subsequent Users |
(0-4 years) | (4+ years) |
- Defined as those markets with annual new car volumes of less than 1m units
-
Analysis shows the split of profit attainable over an average vehicle's life, and assumes four different owners during that period
The analysis captures the vehicle sales, finance & insurance commission and the aftersales services (including independent aftermarket)
Inchcape | 5 |
Distribution deals have accelerated over the past 5 years
2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | Today | |||
Number of | 0 | 2 | 2 | 3 | 3 | 5 | 6 | |||
deals | ||||||||||
Revenue | - | c.£400m | c.£100m | c.£250m | c.£150m | c.£200m | c.£350m | |||
added | ||||||||||
New OEMs | - | 1 | 2 | 2 | 1 | 0 | 5 |
New markets | - | 3 | 0 | 3 | 2 | 2 | 3 |
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Inchcape 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 09:54:11 UTC.