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Vertu Motors (VTU)

Vertu Motors (VTU) Interim results presentation - October 23

06 October 2023

Vertu Motors CEO, Robert Forrester and CFO, Karen Anderson present interim results for the six months ended 31 August 2023. The group saw record revenues, year-on-year profit and dividend growth.

Robert Forrester, CEO
00:16 – Introduction
00:39 – Investement case
01:46 – H1 FY24 Highlights

Karen Anderson, CFO
02:46 – H1 FY24 Financial highlights
03:34 – Income statement
04:45 – Profit bridge
05:31 – Cost management
07:97 – Balance sheet
08:01 – Cashflow
09:22 – Captial Allocation

Robert Forrester, CEO
11:48 – Vehicle sales performance
17:11 – Aftersales performance
19:34 – Electrification
23:07 – Agency distrobution model
24:47 – Group strategy
25:34 – Growth
26:55 – Digitalisation
29:09 – Current trading & Outlook

30:46 – 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”.

Vertu Motors Group website – https://investors.vertumotors.com

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