Mar 07, 2023 / 11:30PM GMT
Cameron McIntyre - carsales.com Ltd - MD, CEO & Director
Good morning, everyone, and welcome to today's call. It's an important date for carsales, and we're really glad you can all join us today. On the call with me, I've got Eduardo Jurcevic. Eduardo is the CEO of Webmotors. And I've got Will Elliott here, the carsales CFO.
What we're going to do is we're going to take you through the acquisition of an incremental 40% stake in Webmotors. It's a business that we've owned 30% of for 10 years now. So what I want to do is just talk to you about why this acquisition is so attractive for our shareholders; why we think Webmotors is one of the most exciting automotive marketplace businesses in the world; and what our integration and growth plans are going to be for Webmotors motors going forward.
We released a presentation on the ASX this morning. So I'm going to briefly run you through that, starting on Slides 8 and 9 being the transaction summary. I'll call out the page numbers like I normally do. And once we're through that, we'll save some time for Q&A at the end.
So if we
Carsales.Com Ltd to Acquire Webmotors Call Transcript
Mar 08, 2023
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