We Buy Cars Holding Ltd (JSE:WBC)

Half Year 2025 We Buy Cars Holdings Ltd Earnings Call Transcript

May 19, 2025 / 07:00 AM GMT

Release Date Price: R46.06 (-0.73%)

Transcript

Key Points

Positve

We Buy Cars Holding Ltd (JSE:WBC) reported a 26.4% increase in core headline earnings for the six months ended 31 March 2025.
Revenue increased by 15.2% to 13.1 billion rand, driven by higher volumes and average selling prices.
The company declared an interim dividend of $0.30 per share, reflecting strong financial performance.
Significant growth in digital presence, with the website recording the highest traffic among automotive retail platforms in South Africa.
Expansion of buying pods and supermarkets has positively impacted volumes, with units bought and sold increasing by 12.9% and 13.5%, respectively.

Negative

Rising political uncertainty and concerns around US trade tariffs have dampened optimism.
Dilutionary effect at the per share level due to new share issues as part of the pre-listing capital raise.
Challenges in the finance channel with lower levels of consumer confidence affecting finance transactions.
Pressure on consumer affordability and low GDP growth in the macroeconomic environment.
The market share of luxury German brands has declined, indicating a shift in consumer preferences towards more affordable options.

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

WBCJ.J - We Buy Cars Holdings Ltd
Half Year 2025 We Buy Cars Holdings Ltd Earnings Call
May 19, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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G'day everyone. I'm Fan van der Waal, CEO of WeBuy Cars. It's my privilege to present our second set of interim results since listing over a year ago. Joining me today is Chris Ryan, our Chief Financial Officer, and Willem Klopper, our chief of strategy. Chris will walk you through our financial performance for the six month ended 31 March 2025.

Willem will then provide an update on our ESG initiatives, our property expansion program, and our strategic priorities for the remainder of the year. We will open the floor to questions after Willem sections. So please feel free to submit your questions via the link provided.

The past 6 months have been strong for WeBuy cars, underpinned by volume growth,

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