Aston Martin Lagonda Global Holdings PLC · LSE:AML
Aston Martin Lagonda Global — Q3 2021 Earnings Presentation
14 slides from Aston Martin Lagonda Global's earnings presentation, Nov 4, 2021
Slide 1: Q3 2021 Results
Q3 2021 Results Nine-months ended 30th September 2021
Slide 2: YTD 2021
YTD 2021 Building track record of consistent delivery, re-iterating 2021 guidance 1. Brand strength and ultra-luxury positioning driving strong demand & pricing - Wholesales1 and revenue almost trebled to 4,250 units and £736m - £190m improvement in adjusted EBITDA to £72m with 10% margin - Signific
Slide 3: YTD 2021 Financial Results
YTD 2021 Financial Results Substantial improvement year-on-year with efficiencies in place to drive long-term profitability 1 Total Wholesales Adjusted operating profit (Units) (£m) YTD 2021 4,250 YTD 2021 (65) YTD 2020 1,555 YTD 2020 (215) 2 Revenues Free Cash Flow (£m) (£m) YTD 2021 736 YTD 2021 (
Slide 4: Wholesales
YTD 2021 Wholesales Q3 wholesales of 1,349 impacted by planned ramp up of DBX after efficiency actions at St Athan Total wholesales: 4,250 By model (units YoY change) By geography 1 Specials: 56 Other: 6 409% (71%) Sport: 959 160% 55% 320% 104% 291% China 606% SUV: 2,186 534% GT: 1,043 29% Wholesale
Slide 5: Adjusted EBITDA
YTD 2021 Adjusted EBITDA £190m improvement on the comparative period 10% (£m) 39 8 PBT Analysis (1) 72 £m YTD 2021 YTD 2020 162 (18) Adjusted EBITDA 72.3 (117.6) D&A (137.4) (97.6) Adjusted EBIT (65.1) (215.2) Net adjusted financing expense (133.3) (78.8) Adjusted PBT (198.4) (294.0) (118) Adjusting
Slide 6: Free Cashflow
YTD 2021 Free Cashflow Free cash outflow of £39m, £475m improvement on the comparative period; inflow of £5m in Q3 (£m) 89 254 (3) 62 (136) (39) (54) (189) 1 2 PBT Add back D&A/other non- Tax Paid Cash generated after tax Working Capital Investing Activities (excl. Net Interest Free Cash Flow cash/f
Slide 7: Cash & Debt
YTD 2021 Cash & Debt Cash balance of £495m; net debt of £809m (£m) £m YTD 2021 FY 2020 44 1 Loan notes (1,074.1) (965.0) (39) 495 Inventory financing (19.3) (38.2) 489 Bank loans and overdrafts (113.5) (119.8) Lease liabilities (98.4) (103.0) Gross debt (1,305.3) (1,226.0) Cash balance 495.2 489.4 C
Slide 8: 2021 outlook unchanged
2021 outlook unchanged This year, the first full year of the plan, is expected to deliver the first steps towards becoming a self-sustaining ultra-luxury automaker 2021 Wholesales c. 6,000 Adj. EBITDA margin Mid-teens % prior to impact of legal action1(<14% after impact) A significant portion of FY
Slide 9: Appendix
Appendix
Slide 10: Income statement, cash flow and balance sheet
Income statement, cash flow and balance sheet YTD and Q3 comparisons £m YTD 2021 YTD 2020 Q3 2021 Q3 2020 £m YTD 2021 H1 2021 FY 2020 YTD 2020 Revenue 736.4 270.0 237.6 124.0 Cost of sales (514.5) (255.9) (159.0) (107.1) Cash (used in) / generated from 151.4 103.8 (198.6) (272.1) operating activitie
Slide 11: 2021 quarter-on-quarter comparisons
2021 quarter-on-quarter comparisons Income statement and cash flow £m Q1 2021 Q2 2021 Q3 2021 YTD 2021 £m Q1 2021 Q2 2021 Q3 2021 YTD 2021 Revenue 224.4 274.4 237.6 736.4 Cash generated/(used) from operating 72.2 31.6 47.6 151.4 Cost of sales (161.1) (194.4) (159.0) (514.5) activities Gross profit 6
Slide 12: Alternative performance measures
Alternative performance measures In the reporting of financial information, the Directors have adopted various Alternative Performance Measures ("APMs"). APMs should be considered in addition to IFRS measurements. The Directors believe that these APMs assist in providing useful information on the un
Slide 13: Disclaimer
Disclaimer This presentation has been prepared by Aston Martin Lagonda Global Holdings plc (“AML”) solely for use at the Q3 results analyst and investor meetings being held on Thursday, 4th November 2021 in connection with a discussion of its Q3 2021 results. For purposes of this notice, this “prese
Slide 14: Aston Martin Lagonda Investor Relations Team
Aston Martin Lagonda Investor Relations Team [email protected] www.astonmartinlagonda.com Charlotte Cowley – Director of Investor Relations [email protected] Tel: +44 (0)77 7197 9764 Holly Grainger – Deputy Head, Investor Relations [email protected] Tel:
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