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Vertu Motors (VTU)

Vertu Motors (VTU) Full Year 2023 results presentation - May 2023

11 May 2023

Vertu Motors CEO, Robert Forrester and CFO, Karen Anderson present final results for the year ended 28 February 2023, followed by Q&A. A strong operational performance with excellent cash generation, a major acquisition of Helston Garages which has integrated well and strong current trading.

Robert Forrester, CEO
00:16 – Introduction
02:18 – FY23 Highlights

Karen Anderson, CFO
03:46 – Financial KPI’s
04:36 – Income statement
05:29 – Profit bridge
6:00 – Cost management
07:48 – Balance sheet
08:56 – Cashflow
10:08 – Capital allocation

Robert Forrester, CEO
12:50 – Sales performance
19:08 – Group Strategy
19:52 – ESG
22:54 – FY23 Strategic highlights
28:52 – Current trading & outlook
31:01 – Summary

31:42 – Q&A

Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu and Macklin Motors brand names.

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group. The Group’s acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 185 franchised sales outlets and 4 non-franchised sales operations from 141 locations across the UK.

Vertu’s Mission Statement is to “deliver an outstanding customer motoring experience through honesty and trust”.

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