Vertu Motors (VTU) Interim results presentation - October 23

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, CEO00:16 - Introduction00:39 - Investement case01:46 - H1 FY24 Highlights Karen Anderson, CFO02:46 - H1 FY24 Financial highlights03:34 - Income statement04:45 - Profit bridge05:31 - Cost management07:97 - Balance sheet08:01 - Cashflow09:22 - Captial Allocation Robert Forrester, CEO11:48 - Vehicle sales performance17:11 - Aftersales performance19:34 - Electrification23:07 - Agency distrobution model24:47 - Group strategy25:34 - Growth26:55 - Digitalisation29:09 - 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