Inchcape Plc · LSE:INCH
Inchcape — Shareholder Meeting (May 2006)
35 slides from Inchcape's shareholder meeting presentation, May 11, 2006
Slide 1: Inchcape Annual General Meeting
Inchcape Annual General Meeting • 11 May 2006
Slide 2: Peter Johnson, Chairman
PetemJonnson Ghailanala
Slide 3: André Lacroix, Group Chief Executive
André Lacroix Group Chief Executive
Slide 4: 2005 summary
2005 summary • Strong growth, and continued cash generation • Revenues up 8.9% – Further record year of sales for Australia and Singapore – Strong year for UK Retail • Operating profit up 9.2% – Double digit profit growth in 5 of 6 core markets • Pre-tax profits* up 13%; EPS* up 14.6% • Results refl
Slide 5: Strategy
Strategy
Slide 6: Initial observations
Initial observations ‘A terrific legacy’ • Tremendous strategic turnaround • Strong earnings growth in last five years • Excellent creation of shareholder value • High level of pride and energy in the business
Slide 7: Strategic assets
Strategic assets • Unique global business model • Geographical spread of earnings • Scale operational excellence • Strength of brand partnerships • Decentralised operating model
Slide 8: Strategy: Summary
Strategy: Summary 1 Vision: To To be be the the world’s world’s most most customer customer centric centric automotive automotive retail retail group group
Slide 9: Strategy: Summary
Strategy: Summary 1 Vision: To To be be the the world’s world’s most most customer customer centric centric automotive automotive retail retail group group 2 Drivers: Strengthen Expand Customer Customer centric centric In In existing existing and and new new operational operational excellence excell
Slide 10: Leading role in the emerging global consolidation process
Leading role in the emerging Expand global consolidation process • Expansion in existing, emerging and new markets • Developing scale operations in ten core markets • Building long term partnerships with leading brands including Toyota, Mercedes-Benz, BMW, Subaru and the PAG • Building scale relatio
Slide 11: Major role in UK consolidation
Expand Major role in UK consolidation • £1.4bn revenues/ninety retail centres • Acquisition of twenty-four retail centres in past three years, all integrated well • Recently announced acquisition of Lind Automotive – Brings UK Retail revenues close to £2bn – Makes Inchcape the UK’s largest BMW retai
Slide 12: Entry into Russian market
Expand Entry into Russian market • Russian market offers strong, scale opportunities – Largest car market in Central and Eastern Europe, seeing rapid growth • Joint venture with Independence Group, a leading Moscow retailer • Two major centres to retail Toyota in Moscow, opening in 2007 • Toyota is
Slide 13: Strategy: Summary continued
Strategy: Summary continued 1 Vision: To To be be the the world’s world’s most most customer customer centric centric automotive automotive retail retail group group 2 Drivers: Strengthen Expand Customer Customer centric centric In In existing existing and and new new operational operational excelle
Slide 14: Peter Johnson
PetemJonnson Ghailanala
Slide 15: Notice of Meeting
\ VE WOTICE oMEETIN
Slide 16: Report of the Auditors
Report of the Auditors PricewaterhouseCoopers LLP Independent Auditors’ report to the members of Inchcape plc
Slide 17: AGM Resolutions
AGM RESOLUTIONS
Slide 18: The accounts
Resolution 1 1 The accounts PLEASE VOTE ON RESOLUTION 1 NOW
Slide 19: Board report on remuneration
Resolution 2 2 Board report on remuneration PLEASE VOTE ON RESOLUTION 2 NOW
Slide 20: Final ordinary dividend
Resolution 3 3 Final ordinary dividend PLEASE VOTE ON RESOLUTION 3 NOW
Slide 21: Election of André Lacroix as a Director
Resolution 4 4 Election of André Lacroix as a Director PLEASE VOTE ON RESOLUTION 4 NOW
Slide 22: Election of Karen Guerra as a Director
Resolution 5 5 Election of Karen Guerra as a Director PLEASE VOTE ON RESOLUTION 5 NOW
Slide 23: Election of Barbara Richmond as a Director
Resolution 6 6 Election of Barbara Richmond as a Director PLEASE VOTE ON RESOLUTION 6 NOW
Slide 24: Re-election of Peter Johnson as a Director
Resolution 7 7 Re-election of Peter Johnson as a Director PLEASE VOTE ON RESOLUTION 7 NOW
Slide 25: Re-election of Raymond Ch'ien as a Director
Resolution 8 8 Re-election of Raymond Ch’ien as a Director PLEASE VOTE ON RESOLUTION 8 NOW
Slide 26: Re-election of Graeme Potts as a Director
Resolution 9 9 Re-election of Graeme Potts as a Director PLEASE VOTE ON RESOLUTION 9 NOW
Slide 27: Re-appointment of Auditors
Resolution 10 10 Re-appointment of Auditors PLEASE VOTE ON RESOLUTION 10 NOW
Slide 28: Auditors' remuneration
Resolution 11 11 Auditors’ remuneration PLEASE VOTE ON RESOLUTION 11 NOW
Slide 29: Matters relating to the Company's shares
Resolution 12 - 15 12 Matters relating to the Company’s shares
Slide 30: Authority to allot relevant securities
Resolution 12 12 Authority to allot relevant securities PLEASE VOTE ON RESOLUTION 12 NOW
Slide 31: Authority to disapply pre-emption rights
Resolution 13 13 Authority to disapply pre-emption rights PLEASE VOTE ON RESOLUTION 13 NOW
Slide 32: Authority to make market purchases of the Company's shares
Resolution 14 14 Authority to make market purchases of the Company’s shares PLEASE VOTE ON RESOLUTION 14 NOW
Slide 33: Sub-division of Company's ordinary shares
Resolution 15 15 Sub-division of Company’s ordinary shares PLEASE VOTE ON RESOLUTION 15 NOW
Slide 34: Please check you have:
Please check you have: • Voted on all resolutions on which you wish to vote • Printed your name on poll card • Entered name of shareholder if you are a representative or proxy • Signed the card Deposit forms in ballot boxes as you leave
Slide 35: Inchcape
Inchcape Annual General Meeting • 11 May 2006