Our Company Our Vision & Strategy Proven business ... - Inchcape
Our Company Our Vision & Strategy Proven business ... - Inchcape
Our Company Our Vision & Strategy Proven business ... - Inchcape
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<strong>Our</strong> <strong>Company</strong><strong>Inchcape</strong> is a leading, independent internationalautomotive distributor and retailer operating in 26emerging and developed markets. The Group hasdiversified multi-channel revenue streams includingsale of new and used vehicles, after sales service,vehicle parts, vehicle finance and insurance.<strong>Our</strong> <strong>Vision</strong> & <strong>Strategy</strong>To be the world’s most customer centricautomotive retail group<strong>Inchcape</strong>’s vision is to be the world’s mostcustomer-centric automotive retail group andrepresents the world’s leading automotive brands,including Audi, BMW/MINI, Jaguar, Land Rover,Lexus, Mercedes-Benz, Porsche, Toyota andSubaru. The <strong>Company</strong>, which has been listed on theLondon Stock Exchange since 1958 (Ticker: INCH),is headquartered in London and employs around14,000 people worldwideSTRENGTHENCustomer-focusedoperational excellencein every siteEXPANDConsolidation inhigh margin / high growthareas<strong>Proven</strong> <strong>business</strong> modelMulti channel <strong>business</strong>Growth and defensive value driversManufacturer Distributor RetailerOEMs<strong>Inchcape</strong>Distribution RetailSales: 40% 60%Trading Profit: 66% 34%Premium brand partnersLong standing relationships with a portfolio of the strongest motor manufacturersFor more information, see our website: www.inchcape.com or contact us at contact@inchcape.com or call us at 0207 546 0022
Broad geographic spread2011 trading profitScale operations in 26 markets, with 21 of these inthe world’s fast growing economies of Asia Pacificand the Emerging Markets.Exciting growth opportunities in Asia Pacific and theEmerging Markets, where <strong>Inchcape</strong> generates 68%of its trading profit.**Source: <strong>Inchcape</strong> Annual Report and Accounts 2011<strong>Our</strong> ResultsIn 2011 <strong>Inchcape</strong> delivered a robust set of results asthe Group continued to strengthen its profitabilityand balance sheet while focusing on itsdifferentiated customer service strategy and growingmarket share around the world.Group sales decreased by 1.0% to £5.8bn for thefull year to 31 December 2011 largely as a result ofrestricted supply from Japan following theearthquake and Tsunami, however strong costactions enabled the Group to deliver improvedmargins.In the new car segment <strong>Inchcape</strong> continued tobenefit from the strong pricing power of the portfolioof leading premium and luxury brands in Asia Pacificand Emerging Markets; in the aftersales segmentwhich represents c.50% of gross profit, gross marginremained strong for global service and partsoperations.Full Year 2011 Results£m 2011 2010 changeSales 5,826.3 5,885.4 (1.0)%OP* 244.4 225.5 8.4%RoS* 4.2% 3.8% 40bpsPBT* 227.7 214.0 6.4%Basic adj. EPS* 35.5p 32.0p 10.9%Net cash (debt) 243.5 205.8* Adjusted to exclude the impact of exceptional itemsCompound revenue growth of 5.5% over thelast ten yearsThis robust profit performance in 2011 gives<strong>Inchcape</strong> confidence in the Group’s earnings growthpotential moving forward. Given this strongperformance, the Board recommended a finaldividend of 7.4p per share.
Return on sales*For more information, see our website: www.inchcape.com or contact us at contact@inchcape.com or call us at 0207 546 0022
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