Autosports Group Ltd (ASX:ASG)

Half Year 2025 Autosports Group Ltd Earnings Call Transcript

Feb 19, 2025 / 11:00 PM GMT

Release Date Price: A$1.81 (-1.09%)

Transcript

Key Points

Positve

Autosports Group Ltd (ASX:ASG) achieved a total revenue growth of 2.1% in the first half of FY25, despite challenging market conditions.
The company successfully reduced its inventory by $47.2 million during the first half of FY25, improving its positioning for future financial periods.
The acquisition of the Stillwell Motor Group contributed $80 million in revenue since its settlement in October 2024.
Autosports Group Ltd (ASX:ASG) announced a fully franked dividend of 3.05 cents, in line with its dividend policy.
The company is expanding its brand portfolio with the addition of luxury brands Pulsar and Zika, aligning with its luxury growth strategy.

Negative

The new vehicle market was challenging, with a 7.4% decline overall and a 13% retreat in the luxury segment, impacting Autosports Group Ltd (ASX:ASG)'s new vehicle revenue and gross profit margins.
Gross margins fell by 1.4% to 18.3%, primarily due to pressure on new vehicle margins and costs associated with inventory reduction strategies.
Interest costs increased to $32.3 million, driven by higher leasing costs and acquired floor plan from the Stillwell acquisition.
The company's EBITDA was down 25.1% to $80.1 million, reflecting the challenging market conditions and increased costs.
Autosports Group Ltd (ASX:ASG) remains cautious about the outlook for the second half of FY25, expecting continued challenges in the new vehicle market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASG.AX - Autosports Group Ltd
Half Year 2025 Autosports Group Ltd Earnings Call
Feb 19, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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I would now like to hand the conference over to Mr. Nick Payton, CEO, please go ahead.

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Unidentified_2 [2]
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Thank you very much.

Thank you and good morning to everybody who's dialed in, and welcome again to the investor presentation for the financial results of Auto Sports Group for the first half of the 2025 financial year. As the presenter said, my name is Nick Pageant, I'm the CEO of Auto Sports Group. Joining me today on my call is Aaron Murray, who is the CFO of Auto Sports Group.

This morning, we'll start with a brief

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