Turners Automotive Group (TRA) presentation summary

Financial performance and growth

• Achieved record results, capping a decade of growth with FY25 net profit after tax up 17% to $38.6M and EBIT up 6% to $62.3M.

• Dividend per share increased 14% to 29.0cps, continuing a trend of consistent annual increases since FY15.

• Revenue for FY25 was $414.2M, down 1%, but profit growth was driven by diversification across business segments.

• All four business divisions showed growth in 2H24, with Auto Retail recovering strongly after a challenging first half.

• On track to achieve the $65M NPBT target for FY28 ahead of schedule, having already met previous profit targets.

Business model and culture

• Operates a resilient, diversified model with strong employee engagement and broad share ownership (53% of staff are shareholders).

• Leadership stability and internal promotions are high, with 83% of leadership roles filled internally.

• Recognized as the most trusted used car dealership for five consecutive years.

• Directors and management own 30% of shares, reinforcing alignment with shareholders.

Segment performance and outlook

• Auto Retail: Margin expansion in 2H, network expansion ongoing, and new branches planned to drive future growth.

• Finance: Loan book growth resumed, credit quality improved, and arrears remain below industry norms.

• Insurance: Operating profit rose to $16.2M, with digital sales and new partnerships driving customer acquisition.

• Credit Management: Strong growth in debt referred and collected, with economic conditions providing a tailwind.