Amotiv (AOV) Investor presentation summary

Business overview and growth strategy

• Diversified automotive parts group with leading brands across three divisions and a clear growth pathway, targeting both ANZ and international markets.

• Resilient revenues supported by structural tailwinds, with a large and growing addressable market exceeding $20bn globally.

• Strategic focus on international expansion, with non-ANZ revenue growing from 0% to 17% over five years.

• Amotiv Unified program drives efficiency and growth, delivering significant annualised benefits.

• FY26 guidance reiterated with expected revenue growth and underlying EBITA of ~$195m.

Market dynamics and structural demand

• Gradual EV adoption and proliferation of vehicle brands, especially from Chinese OEMs, reinforce the value of broad aftermarket SKU coverage.

• Ageing and growing car parc in Australia, with average vehicle age projected to reach 12.5 years by 2030 and total vehicles forecast to grow ~40% from 2015.

• Shift toward SUVs and light commercial vehicles, which attract higher accessory revenue per vehicle.

• Aftermarket demand remains robust due to slow EV disruption and ongoing growth in key vehicle segments.

Financial performance and capital management

• FY26 H1 revenue up 3.3% to $520.5m, underlying EBITA up 1.3% to $98.3m, and underlying EPSA up 5.3% to 44.1c.

• Strong cash conversion at 91.9%, leverage at 1.95x, and interim dividend up 8.1% to 20c.

• Capital allocation framework targets cash conversion ≥75%, leverage 1.5x–2.25x, and dividend payout ≥50% of underlying NPAT.

• ROCE at 13.1% with a medium-term target of ≥15%; aspiration to exceed 16% by FY30.

• Consistent cash generation supports organic investment, dividends, and opportunistic buybacks.