Motorcycle Holdings Ltd. · ASX:MTO
Motorcycle — H1 FY2021 Earnings Presentation
22 slides from Motorcycle's earnings presentation, Feb 25, 2021
Slide 1: MotorCycle Holdings Limited Interim Results
MotorCycle Holdings Limited Interim Results For personal use only December 2020
Slide 2: Disclaimer and important information
Disclaimer and important information For personal use only ► This presentation may contain certain unaudited financial information in relation to MotorCycle Holdings Limited (MTO). As such, it has not been subject to an audit or an audit process or otherwise independently verified. ► This presentati
Slide 3: Contents
Contents For personal use only Summary highlights Financial results Operational performance Focus & Outlook MotorCycle Holdings I Interim Financial Results December 2020 3
Slide 4: Summary highlights
For personal use only Summary highlights
Slide 5: Growth strategy delivering sustainable results
Growth strategy delivering sustainable results For personal use only ▸ Growth strategy of additional and new product ranges without increasing cost base is delivering sustainable growth and profit ▸ Strong result underpinned by permanent operational improvements implemented across the group over the
Slide 6: Financial highlights
Financial highlights For personal use only ▸ Revenue increased 23% to $218.4 million ▸ NPAT increased 258% to $17.2 million ▸ Gross profit margin of 29.6% ▸ Debt reduced to zero, and $7.4 million cash in bank ▸ Interim dividend of 10 cents per share declared ▸ Underlying EBITDA of $26.8 million, up
Slide 7: Operational highlights
Operational highlights For personal use only ▸ Demand remains strong in all areas of the business ▸ Used bike stock supply tight resulting in significantly improved margins ▸ Harley-Davidson dealerships performing above expectations ▸ Indian Motorcycles and Polaris added to existing stores contribut
Slide 8: Financial results
For personal use only results Financial
Slide 9: Profit results
Profit results For personal use only Summary • Total sales of $218.4 million, up 22.6% • Gross profit margin of 29.6% • Underlying EBITDA of $26.8 million, up 168% MotorCycle Holdings I Interim Financial Results December 2020 9
Slide 10: Balance sheet & dividends
Balance sheet & dividends For personal use only Capital • Cash at bank $7.4 million • CBA facility reduced to $20 million, undrawn Inventory • Supply is above last year levels, but not up to demand • Expected to return to normal levels by the end of the year Dividends • 10 cents fully franked interi
Slide 11: Strong revenue and NPAT results
Strong revenue and NPAT results For personal use only MotorCycle Holdings I Interim Financial Results December 2020 11
Slide 12: Operational performance
For personal use only Operational performance
Slide 13: New bike unit sales outperform market
New bike unit sales outperform market For personal use only MotorCycle Holdings I Interim Financial Results December 2020 13
Slide 14: Used bike gross profit up 30%
Used bike gross profit up 30% For personal use only MotorCycle Holdings I Interim Financial Results December 2020 14
Slide 15: Diversified revenue drivers underpin profit growth
Diversified revenue drivers underpin profit growth For personal use only MotorCycle Holdings I Interim Financial Results December 2020 15
Slide 16: Retail
Retail For personal use only ▸ New bike industry supply increased 20% for the half, however this was insufficient to meet demand resulting in increased gross margins ▸ New bike unit sales increased 30% due to improved market ▸ Addition of Indian, Polaris and other brands to existing sites and full s
Slide 17: Wholesale
Wholesale For personal use only ▸ Sales increased 23% and gross profit increased 30% ▸ Margins expected to increase as benefits of lower USD are realised ▸ Stock supply has been subdued but is gradually improving ▸ Demand expected to remain high in second half ▸ Ongoing long-term disciplined approac
Slide 18: Wholesale finance JV - MCF
Wholesale finance JV - MCF For personal use only ▸ $410,000 NPAT for the half - expected to increase as portfolio matures ▸ Special provision for COVID-19 losses is in place, but not been required to date ▸ Losses peaked in April last year and have trended down ▸ Debt collections improved and conser
Slide 19: Focus & Outlook
For personal use only Focus & Outlook
Slide 20: FY2021 focus
FY2021 focus For personal use only ▸ Maintain current strong margins and tight control of overheads ▸ Improve operational performance of new dealerships and showrooms ▸ Continue to broaden product offering in both retail and wholesale network in second half with GASGAS Motorcycles to be added to two
Slide 21: Strategic outlook
Strategic outlook For personal use only ▸ Increased market demand & trading conditions remain strong & consistent despite COVID-19 challenges and stock supply delays ▸ Supply of new bikes and accessories expected to improve in second half ▸ Tight supply of used bikes expected to continue, with curre
Slide 22: Thank you
MotorCycle For personal use only Holdings Limited Thank you
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