Peter Warren Automotive Holdings Ltd (ASX:PWR)
A$ 0.96 -0.010 (-1.03%) Market Cap: 165.37 Mil Enterprise Value: 866.41 Mil PE Ratio: 10.44 PB Ratio: 0.32 GF Score: 47/100

Half Year 2025 Peter Warren Automotive Holdings Ltd Earnings Call Transcript

Feb 20, 2025 / 10:30 PM GMT
Release Date Price: A$1.57 (+2.62%)

Key Points

Positve
  • Peter Warren Automotive Holdings Ltd (ASX:PWR) reported a 2.2% increase in total revenue to $1.23 billion, driven by growth in used cars, service, parts, and finance.
  • The company successfully reduced inventory levels by more than $16 million, improving stock health and reducing holding costs.
  • Strong growth was observed in high-margin after-sales services, with service revenue up by 10.2% and parts revenue up by 4.3%.
  • The company declared an interim dividend of $0.06 per share, reflecting confidence in its financial stability.
  • Peter Warren Automotive Holdings Ltd (ASX:PWR) maintains a strong property backing with $225 million in property assets, representing a net debt to property ratio of 37%.
Negative
  • The underlying profit before tax (PBT) was impacted by a $30 million reduction due to new car oversupply, affecting margins.
  • Gross margins decreased by $13.3 million, primarily due to a $29.3 million reduction in the new car department.
  • Operating expenses increased by $6.9 million, partly due to inflation and acquisitions.
  • Interest expenses rose by $4.8 million, attributed to higher inventory levels and increased interest rates.
  • The market remains challenging with ongoing pressure on new car margins due to oversupply and competitive dynamics.


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

PWR.AX - Peter Warren Automotive Holdings Ltd
Half Year 2025 Peter Warren Automotive Holdings Ltd Earnings Call
Feb 20, 2025 / 10:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Peter Warren Automotive Holdings Limited HY25 results conference call. All participants are in listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Andrew Doyle, CEO. Please go ahead.

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Unidentified_2 [2]
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Thank you, Kayleigh.

Well, good morning everyone, and
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