Download - AHG Limited

Group Financial Highlights
A solid result in the face of challenging market conditions, including
new vehicle supply disruptions related to the Japanese tsunami and the
Queensland floods.
Group Operating Results Summary 1
Consolidated
2010 1
$’000
2011 1
$’000
PCP
%
Revenue 3,240.0 3,336.8 3.0%
Revenue Operating EPS 1
$million
4,000
3,000
3,415
3,073
3,240
3,337
2,000
2,312
cents / share
26.0
19.5
20.0
13.0
25.3
21.7
24.4
22.7
EBITDA 116.0 123.7 6.7%
EBITDA Margin 3.6% 3.7%
1,000
6.5
EBIT 99.1 104.2 5.1%
NPBT 79.5 77.1 (3.0%)
NPAT attributable to shareholders 55.1 52.4 (4.9%)
0
2007
2008
2009
2010
2011
0.0
2007
2008
2009
2010
2011
EPS 24.4 22.7 (6.6%)
Interest Cover 5.0 3.83
››
Record operating 1 EBITDA affirms the robustness of our diversified
business model, and provides a solid cash flow basis to maintain
shareholder dividends on an expanded equity base.
››
Statutory NPAT was $31.2 million after an impairment adjustment
of $19.9 million and acquisition-related costs of $1.3 million (net of
tax). Of the total impairment, $13.2 million related to the Queensland
parts distribution operation and $6.7 million to four of the Group’s
17 Queensland dealerships.
››
Harris and Covs acquisitions on 1 July 2011 significantly increase the
scale of the Logistics division and present exciting opportunities to
drive efficiencies and earnings growth.
Operating NPAT
Dividends
– Attributable to Shareholders 1
$million
60.0
45.0
30.0
30.2
48.5
42.2
55.1
52.4
cents / share
18.00
13.50
9.00
12.50
17.25
14.00
17.00
17.00
15.0
4.50
Automotive Holdings Group Limited
2
1
Pages 2 and 3 -- operating results exclude
non-recurring items (2011: acquisitionrelated
costs of $1.3 million (net of tax) and
impairment of $19.9 million; 2010: profit
from sale of investments of $5.2 million)
0.0
2007
2008
2009
2010
2011
0.00
2007
2008
2009
2010
2011
2011 Annual Report
3