The document discusses LKQ Corporation's forward-looking statements policy. It notes that statements in company presentations that are not historical facts are considered forward-looking statements. These statements involve risks and uncertainties. The document also lists risk factors investors should consider that are disclosed in LKQ's annual and quarterly SEC filings.
William Blair 2017 Growth Stock Conferencecorporationlkq
The document provides an overview of William Blair's 2017 Growth Stock Conference on June 13, 2017. It includes forward-looking statements and discusses LKQ Corporation's mission to be the leading global distributor of vehicle parts and accessories. The document outlines LKQ's evolution through acquisitions, acquisition philosophies, operating segments, and provides an overview of the large and fragmented North American and European vehicle parts markets that LKQ serves.
Raymond James 12th Annual North American Equities Conferencecorporationlkq
The document discusses forward-looking statements and the risks associated with them. It notes that actual results may differ from projections and that all statements are based on information available at the time and may be updated. Risks that could affect projections are discussed in annual and quarterly SEC filings.
The document discusses forward-looking statements and risks associated with them. It notes that any forward-looking statements are based on information available at the time and that actual results may differ due to risks and uncertainties outlined in SEC filings. The document also provides an overview of LKQ Corporation, including its mission, strategic initiatives, operating segments, European and North American markets, and historical financial performance. It achieved strong organic revenue growth and has pursued an acquisition strategy focused on markets where it can be a leader.
A study on ratio analysis for financial performancesJ S Yadav
The document analyzes the financial performance of Tata Motors and Ashok Leyland from 2011-2013 using ratio analysis. It examines the companies' liquidity, solvency, capital structure, and profitability. Key findings include that Tata Motors had higher revenue, EBITDA, and ROCE than Ashok Leyland over the period studied, but Ashok Leyland had higher net profit and EPS. The debt-to-equity ratio was also lower for Ashok Leyland, indicating less debt.
This document contains financial analysis of a company including key performance indicators (KPIs) from the profit and loss statement, balance sheet, and cash flow statement. It shows metrics such as revenue, costs, profits, assets, liabilities, cash flows over quarters in FY18. It also includes projections of the company's income statement and balance sheet over the next few years as well as common financial ratios to analyze liquidity, profitability, and performance.
The document provides an analysis of the financial performance of Ghabbour Auto (GB) and General Motors (GM) based on various liquidity, asset management, debt management, and profitability ratios. Key highlights include: GB's current and quick ratios are below industry averages indicating potential liquidity issues, while GM's ratios are around industry averages. GB's inventory turnover and days sales outstanding ratios suggest inventory management and credit collection issues. GM uses its assets more efficiently than GB based on higher fixed asset and total asset turnover ratios. Overall, GM's financial performance is stronger than GB's across most ratios analyzed.
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
Havells India is an electrical equipment company established in 1958. It has a wide range of home and commercial products including lighting, switches, wires, motors, and more. Havells owns popular brands like Havells, Lloyd, and Crabtree. Over the past 5 years, Havells has grown faster than the market with net sales growth of 33.3% and EPS growth of 27%. The company has consistently improved its financial position with debt to net profit and debt to equity ratios declining in recent years. Havells calculates its cost of equity using the dividend capitalization model and cost of debt as the weighted average interest rate paid on all debt instruments.
William Blair 2017 Growth Stock Conferencecorporationlkq
The document provides an overview of William Blair's 2017 Growth Stock Conference on June 13, 2017. It includes forward-looking statements and discusses LKQ Corporation's mission to be the leading global distributor of vehicle parts and accessories. The document outlines LKQ's evolution through acquisitions, acquisition philosophies, operating segments, and provides an overview of the large and fragmented North American and European vehicle parts markets that LKQ serves.
Raymond James 12th Annual North American Equities Conferencecorporationlkq
The document discusses forward-looking statements and the risks associated with them. It notes that actual results may differ from projections and that all statements are based on information available at the time and may be updated. Risks that could affect projections are discussed in annual and quarterly SEC filings.
The document discusses forward-looking statements and risks associated with them. It notes that any forward-looking statements are based on information available at the time and that actual results may differ due to risks and uncertainties outlined in SEC filings. The document also provides an overview of LKQ Corporation, including its mission, strategic initiatives, operating segments, European and North American markets, and historical financial performance. It achieved strong organic revenue growth and has pursued an acquisition strategy focused on markets where it can be a leader.
A study on ratio analysis for financial performancesJ S Yadav
The document analyzes the financial performance of Tata Motors and Ashok Leyland from 2011-2013 using ratio analysis. It examines the companies' liquidity, solvency, capital structure, and profitability. Key findings include that Tata Motors had higher revenue, EBITDA, and ROCE than Ashok Leyland over the period studied, but Ashok Leyland had higher net profit and EPS. The debt-to-equity ratio was also lower for Ashok Leyland, indicating less debt.
This document contains financial analysis of a company including key performance indicators (KPIs) from the profit and loss statement, balance sheet, and cash flow statement. It shows metrics such as revenue, costs, profits, assets, liabilities, cash flows over quarters in FY18. It also includes projections of the company's income statement and balance sheet over the next few years as well as common financial ratios to analyze liquidity, profitability, and performance.
The document provides an analysis of the financial performance of Ghabbour Auto (GB) and General Motors (GM) based on various liquidity, asset management, debt management, and profitability ratios. Key highlights include: GB's current and quick ratios are below industry averages indicating potential liquidity issues, while GM's ratios are around industry averages. GB's inventory turnover and days sales outstanding ratios suggest inventory management and credit collection issues. GM uses its assets more efficiently than GB based on higher fixed asset and total asset turnover ratios. Overall, GM's financial performance is stronger than GB's across most ratios analyzed.
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
Havells India is an electrical equipment company established in 1958. It has a wide range of home and commercial products including lighting, switches, wires, motors, and more. Havells owns popular brands like Havells, Lloyd, and Crabtree. Over the past 5 years, Havells has grown faster than the market with net sales growth of 33.3% and EPS growth of 27%. The company has consistently improved its financial position with debt to net profit and debt to equity ratios declining in recent years. Havells calculates its cost of equity using the dividend capitalization model and cost of debt as the weighted average interest rate paid on all debt instruments.
Bekaert held a Capital Markets Day to provide updates on its business segments and financial performance. The event included presentations from the CEO and CFO on the company's Q3 trading update and outlook. Divisional CEOs then provided business updates on each of Bekaert's four segments: Steel Wire Solutions, Rubber Reinforcement, Specialty Businesses, and Bridon-Bekaert Ropes Group. The day concluded with a Q&A session.
This document summarizes the financial performance of Localiza Rent a Car S.A. in the second quarter and first half of 2015. Key points include:
- Consolidated net revenues grew 5.8% in the first half of 2015 compared to the same period in 2014, helped by growth in both the car rental and fleet rental divisions.
- Consolidated EBITDA decreased year-over-year as a reduction in margins for the car rental division was only partially offset by lower depreciation expenses.
- Net income decreased slightly in 2Q15 compared to 2Q14 due to higher interest rates, though this was largely offset by lower depreciation costs.
- Free cash flow was
- The document reports on Localiza's 3Q15 and 9M15 earnings, highlighting key financial metrics such as revenues, EBITDA, net income, fleet size, and utilization rates.
- Net revenues grew 2.7% in 9M15 compared to 9M14, while consolidated EBITDA declined 3.1% and consolidated net income increased 1%.
- EBIT margins improved in both the car rental and fleet rental divisions compared to previous periods.
- Free cash flow was R$228 million in 9M15, impacted by fleet renewal and growth investments.
This document summarizes the quarterly earnings report of Localiza Rent a Car S.A. for the first quarter of 2015. It shows that while car rental volume declined due to economic conditions, revenue in the fleet rental division grew due to market opportunities. Overall, consolidated net revenue grew 6.5% compared to the prior year. However, EBITDA declined due to strategic consulting expenses and increased doubtful accounts provisions. The company also reduced its car rental fleet after the end of the summer season. Debt levels remain manageable and debt maturity was improved through a new issuance and prepayment in the second quarter of 2015.
Klöckner & Co - Roadshow Macquarie/Danske Bank, September 5-6, 2013Klöckner & Co SE
The document is a presentation by Marcus A. Ketter, CFO of Klöckner & Co SE, for a roadshow in Helsinki and Copenhagen on September 5-6, 2013. It provides an overview of Klöckner & Co as a leading multi-metal distributor, highlights from the first half of 2013 including progress on their restructuring program, and an outlook for the rest of the year.
Conducted an overview of the company profile, product, Corporate Governance & Competitors of Havells. Quantitative and qualitative analysis of havells company.
Aftab Automobiles Ltd assembles Toyota and Hino vehicles in Bangladesh. It has extensive R&D and IT departments. In 2011, its profit margin was 30.02% and return on equity was 22.54%. A DuPont analysis shows profit margin and asset turnover contributed to ROE. The company's weighted average cost of capital is 15.53%, calculated using a risk-free rate of 7.25%, beta of 1.38, and costs of equity and debt.
The document summarizes the turnaround story of GTL Infrastructure Limited (GTL Infra) over the past few years. It highlights that GTL Infra has focused on a "more and less" approach of growing revenue, optimizing costs, strengthening processes, and reducing liabilities. This has led to increased revenue and EBITDA, higher tenant numbers, and significantly reduced debt levels. Key achievements include reducing debt from US$2.054 billion to US$747 million and optimizing operating costs.
The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.
Localiza reported its 1Q13 earnings, with net revenues increasing 3.5% for the car rental division and 9.3% for the fleet outsourcing division compared to 1Q12. Net income grew 22.1% to R$88.8 million due to lower net financial expenses and a conservative financial policy. The company's total fleet grew 5.3% to 111,358 vehicles while net debt declined 3.1% to R$1,231.2 million, maintaining a comfortable debt profile.
Bekaert is a global manufacturing company founded in 1880 that produces steel wire and coatings. It has almost 30,000 employees worldwide, sales of €4.4 billion, and is a market leader in sectors like tire reinforcement and steel cord. Bekaert is implementing a Fit for Growth program to optimize functions and processes, drive growth, and transform roles to focus more on strategic tasks. The Supply Chain workstream aims to build a demand-driven supply chain that balances service, cost and cash through initiatives like demand sensing, inventory optimization, and centralized planning.
This document provides an overview of a car rental company with three main divisions: car rental, fleet rental, and used car sales (Seminovos). It discusses the company's history and expansion, integrated business platform and synergies, financial performance of each division, and competitive advantages. The company has a large scale national presence in Brazil, investment grade ratings, and benefits from being the largest car purchaser in the country. It has a profitable business model focused on car rental and fleet rental.
Klöckner & Co - Roadshow Presentation August 13, 2013Klöckner & Co SE
Klöckner & Co SE provided a roadshow presentation to HSBC in Paris on August 13, 2013. The presentation included:
- Market conditions remain challenging in Europe and sales declined 9.3% in Q2 2013 due to closures and divestments.
- Restructuring measures have reduced headcount by 1,800 and closed 60 of 70 targeted sites. This contributed €17M to Q2 EBITDA.
- For full year 2013, Klöckner aims to achieve the same operating EBITDA of €140M as 2012, despite weaker first half results, through continued restructuring savings.
For the second quarter of fiscal year 2011, Amara Raja Batteries reported an 8.7% increase in net sales to Rs. 392.5 crore, below expectations. EBITDA margins declined significantly by 909 basis points due to higher lead prices and lower realization from the telecom battery segment. Net profit declined 33.8% year-over-year to Rs. 31.6 crore. The company maintained its positive outlook for battery demand growth but expects current lower prices in telecom batteries to restrict earnings growth in the near term.
The document provides financial statements and key performance indicators for a company over several quarters and fiscal years. It includes income statements, balance sheets, cash flow statements, and common financial ratios analyzed over time. Charts are presented to show trends in revenue, costs, profits, assets, liabilities, cash flows, return on assets, debt ratios and other metrics. Projections for income statements and balance sheets are also included out to several future years.
This document provides an overview of Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to negotiate better prices. It also notes Localiza's network reach and innovations that enhance customer service. Financial information shows Localiza has higher profitability and lower debt ratios than competitors. The car rental market in Brazil is seen as having growth opportunities due to increasing affordability and infrastructure investments.
This document summarizes the turnaround story of Pitti Laminations, a Hyderabad-based manufacturer of electrical laminates that was declared sick in 2000 but underwent a successful turnaround beginning in 2002. It describes Pitti's product portfolio, manufacturing process, major customers, sales and profit growth between 2000-2013, and export focus. While it notes weaknesses like low margins and reliance on few large clients, it recommends buying Pitti's stock due to its market leadership, consistent dividends, promoter reputation and governance.
Lloyd Electric and Engineering Ltd is an Indian company that manufactures heat exchange coils, air conditioners, and other consumer durables. It has grown to become one of India's largest manufacturers of heat exchange coils and air conditioners, with five manufacturing facilities across India. The company has also expanded globally by acquiring two European companies, Luvata Czech and Janka Engineering, becoming a worldwide supplier of HVAC&R systems. However, Lloyd trades at a low valuation due to its high working capital requirements. With improvements being made to increase higher-margin product sales and directly reach customers, the company is positioned for a re-rating in the market.
Raymond James 38th Annual Institutional Investors Conferencecorporationlkq
This document provides an overview of LKQ Corporation's presentation at the Raymond James 38th Annual Institutional Investors Conference. It discusses LKQ's business segments including wholesale parts in North America and Europe, specialty products, and financial performance. LKQ aims to be the leading global distributor of vehicle parts and accessories. It has achieved growth through acquisitions in fragmented markets and realizing synergies. The presentation outlines LKQ's markets, strategies and acquisition philosophies.
LKQ's European platform acquisitions have created opportunities for procurement and back office synergies by expanding LKQ's footprint across key European markets. The acquisitions include Sator, Rhiag, and Stahlgruber, which have established LKQ as a leading automotive aftermarket parts distributor in several European countries. Going forward, LKQ aims to continue pursuing "tuck-in" acquisitions that provide high synergies and additional capacity in existing markets.
May 2018 Investor Conference Presentation 2018corporationlkq
The document is May 2018 investor conference presentation from LKQ Corporation. It provides an overview of LKQ's operations, including its strategic focus areas of growing, expanding, rationalizing, and adapting its business. It discusses LKQ's historical financial performance, with consolidated revenue reaching $9.7 billion in 2017. It also reviews LKQ's operations in North America and Europe, highlighting the large size and fragmentation of both markets that provide opportunities for growth.
June 2016 investor conference presentationcorporationlkq
The document provides an overview of LKQ Corporation's June 2016 investor conference presentation. It discusses forward-looking statements and LKQ's mission statement. It then summarizes LKQ's evolution and growth, providing revenue figures from 1998 to 2016. It outlines LKQ's operating units in North America, Europe, and Specialty, and discusses their respective market opportunities.
Bekaert held a Capital Markets Day to provide updates on its business segments and financial performance. The event included presentations from the CEO and CFO on the company's Q3 trading update and outlook. Divisional CEOs then provided business updates on each of Bekaert's four segments: Steel Wire Solutions, Rubber Reinforcement, Specialty Businesses, and Bridon-Bekaert Ropes Group. The day concluded with a Q&A session.
This document summarizes the financial performance of Localiza Rent a Car S.A. in the second quarter and first half of 2015. Key points include:
- Consolidated net revenues grew 5.8% in the first half of 2015 compared to the same period in 2014, helped by growth in both the car rental and fleet rental divisions.
- Consolidated EBITDA decreased year-over-year as a reduction in margins for the car rental division was only partially offset by lower depreciation expenses.
- Net income decreased slightly in 2Q15 compared to 2Q14 due to higher interest rates, though this was largely offset by lower depreciation costs.
- Free cash flow was
- The document reports on Localiza's 3Q15 and 9M15 earnings, highlighting key financial metrics such as revenues, EBITDA, net income, fleet size, and utilization rates.
- Net revenues grew 2.7% in 9M15 compared to 9M14, while consolidated EBITDA declined 3.1% and consolidated net income increased 1%.
- EBIT margins improved in both the car rental and fleet rental divisions compared to previous periods.
- Free cash flow was R$228 million in 9M15, impacted by fleet renewal and growth investments.
This document summarizes the quarterly earnings report of Localiza Rent a Car S.A. for the first quarter of 2015. It shows that while car rental volume declined due to economic conditions, revenue in the fleet rental division grew due to market opportunities. Overall, consolidated net revenue grew 6.5% compared to the prior year. However, EBITDA declined due to strategic consulting expenses and increased doubtful accounts provisions. The company also reduced its car rental fleet after the end of the summer season. Debt levels remain manageable and debt maturity was improved through a new issuance and prepayment in the second quarter of 2015.
Klöckner & Co - Roadshow Macquarie/Danske Bank, September 5-6, 2013Klöckner & Co SE
The document is a presentation by Marcus A. Ketter, CFO of Klöckner & Co SE, for a roadshow in Helsinki and Copenhagen on September 5-6, 2013. It provides an overview of Klöckner & Co as a leading multi-metal distributor, highlights from the first half of 2013 including progress on their restructuring program, and an outlook for the rest of the year.
Conducted an overview of the company profile, product, Corporate Governance & Competitors of Havells. Quantitative and qualitative analysis of havells company.
Aftab Automobiles Ltd assembles Toyota and Hino vehicles in Bangladesh. It has extensive R&D and IT departments. In 2011, its profit margin was 30.02% and return on equity was 22.54%. A DuPont analysis shows profit margin and asset turnover contributed to ROE. The company's weighted average cost of capital is 15.53%, calculated using a risk-free rate of 7.25%, beta of 1.38, and costs of equity and debt.
The document summarizes the turnaround story of GTL Infrastructure Limited (GTL Infra) over the past few years. It highlights that GTL Infra has focused on a "more and less" approach of growing revenue, optimizing costs, strengthening processes, and reducing liabilities. This has led to increased revenue and EBITDA, higher tenant numbers, and significantly reduced debt levels. Key achievements include reducing debt from US$2.054 billion to US$747 million and optimizing operating costs.
The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.
Localiza reported its 1Q13 earnings, with net revenues increasing 3.5% for the car rental division and 9.3% for the fleet outsourcing division compared to 1Q12. Net income grew 22.1% to R$88.8 million due to lower net financial expenses and a conservative financial policy. The company's total fleet grew 5.3% to 111,358 vehicles while net debt declined 3.1% to R$1,231.2 million, maintaining a comfortable debt profile.
Bekaert is a global manufacturing company founded in 1880 that produces steel wire and coatings. It has almost 30,000 employees worldwide, sales of €4.4 billion, and is a market leader in sectors like tire reinforcement and steel cord. Bekaert is implementing a Fit for Growth program to optimize functions and processes, drive growth, and transform roles to focus more on strategic tasks. The Supply Chain workstream aims to build a demand-driven supply chain that balances service, cost and cash through initiatives like demand sensing, inventory optimization, and centralized planning.
This document provides an overview of a car rental company with three main divisions: car rental, fleet rental, and used car sales (Seminovos). It discusses the company's history and expansion, integrated business platform and synergies, financial performance of each division, and competitive advantages. The company has a large scale national presence in Brazil, investment grade ratings, and benefits from being the largest car purchaser in the country. It has a profitable business model focused on car rental and fleet rental.
Klöckner & Co - Roadshow Presentation August 13, 2013Klöckner & Co SE
Klöckner & Co SE provided a roadshow presentation to HSBC in Paris on August 13, 2013. The presentation included:
- Market conditions remain challenging in Europe and sales declined 9.3% in Q2 2013 due to closures and divestments.
- Restructuring measures have reduced headcount by 1,800 and closed 60 of 70 targeted sites. This contributed €17M to Q2 EBITDA.
- For full year 2013, Klöckner aims to achieve the same operating EBITDA of €140M as 2012, despite weaker first half results, through continued restructuring savings.
For the second quarter of fiscal year 2011, Amara Raja Batteries reported an 8.7% increase in net sales to Rs. 392.5 crore, below expectations. EBITDA margins declined significantly by 909 basis points due to higher lead prices and lower realization from the telecom battery segment. Net profit declined 33.8% year-over-year to Rs. 31.6 crore. The company maintained its positive outlook for battery demand growth but expects current lower prices in telecom batteries to restrict earnings growth in the near term.
The document provides financial statements and key performance indicators for a company over several quarters and fiscal years. It includes income statements, balance sheets, cash flow statements, and common financial ratios analyzed over time. Charts are presented to show trends in revenue, costs, profits, assets, liabilities, cash flows, return on assets, debt ratios and other metrics. Projections for income statements and balance sheets are also included out to several future years.
This document provides an overview of Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to negotiate better prices. It also notes Localiza's network reach and innovations that enhance customer service. Financial information shows Localiza has higher profitability and lower debt ratios than competitors. The car rental market in Brazil is seen as having growth opportunities due to increasing affordability and infrastructure investments.
This document summarizes the turnaround story of Pitti Laminations, a Hyderabad-based manufacturer of electrical laminates that was declared sick in 2000 but underwent a successful turnaround beginning in 2002. It describes Pitti's product portfolio, manufacturing process, major customers, sales and profit growth between 2000-2013, and export focus. While it notes weaknesses like low margins and reliance on few large clients, it recommends buying Pitti's stock due to its market leadership, consistent dividends, promoter reputation and governance.
Lloyd Electric and Engineering Ltd is an Indian company that manufactures heat exchange coils, air conditioners, and other consumer durables. It has grown to become one of India's largest manufacturers of heat exchange coils and air conditioners, with five manufacturing facilities across India. The company has also expanded globally by acquiring two European companies, Luvata Czech and Janka Engineering, becoming a worldwide supplier of HVAC&R systems. However, Lloyd trades at a low valuation due to its high working capital requirements. With improvements being made to increase higher-margin product sales and directly reach customers, the company is positioned for a re-rating in the market.
Raymond James 38th Annual Institutional Investors Conferencecorporationlkq
This document provides an overview of LKQ Corporation's presentation at the Raymond James 38th Annual Institutional Investors Conference. It discusses LKQ's business segments including wholesale parts in North America and Europe, specialty products, and financial performance. LKQ aims to be the leading global distributor of vehicle parts and accessories. It has achieved growth through acquisitions in fragmented markets and realizing synergies. The presentation outlines LKQ's markets, strategies and acquisition philosophies.
LKQ's European platform acquisitions have created opportunities for procurement and back office synergies by expanding LKQ's footprint across key European markets. The acquisitions include Sator, Rhiag, and Stahlgruber, which have established LKQ as a leading automotive aftermarket parts distributor in several European countries. Going forward, LKQ aims to continue pursuing "tuck-in" acquisitions that provide high synergies and additional capacity in existing markets.
May 2018 Investor Conference Presentation 2018corporationlkq
The document is May 2018 investor conference presentation from LKQ Corporation. It provides an overview of LKQ's operations, including its strategic focus areas of growing, expanding, rationalizing, and adapting its business. It discusses LKQ's historical financial performance, with consolidated revenue reaching $9.7 billion in 2017. It also reviews LKQ's operations in North America and Europe, highlighting the large size and fragmentation of both markets that provide opportunities for growth.
June 2016 investor conference presentationcorporationlkq
The document provides an overview of LKQ Corporation's June 2016 investor conference presentation. It discusses forward-looking statements and LKQ's mission statement. It then summarizes LKQ's evolution and growth, providing revenue figures from 1998 to 2016. It outlines LKQ's operating units in North America, Europe, and Specialty, and discusses their respective market opportunities.
LKQ held its 2016 Investor Day, presenting information on the company's strategic direction and market overview. The agenda included presentations on company direction and strategy by Rob Wagman, acquisition and development by Walter Hanley, and the wholesale business in North America and Europe. Financial information was presented by Nick Zarcone. Rhiag and PGW acquisitions were also discussed, establishing LKQ's leadership in Europe and filling a void in LKQ's product offering worldwide.
The document summarizes LKQ Corporation's third quarter 2016 earnings call. Key highlights include:
- Consolidated revenue increased 30.3% year-over-year to $2.387 billion due to organic growth and acquisitions.
- Net income increased 21.1% to $123 million and adjusted diluted EPS increased 25% to $0.45.
- Segment EBITDA margin increased slightly to 11.5% due to margin improvements in North America offsetting impacts from acquisitions.
- Revenue growth was driven by organic gains, the Rhiag and PGW acquisitions, and growth in specialty and glass segments.
LKQ Corporation's 2018 Investor Day Presentationcorporationlkq
LKQ Corporation held its 2018 Investor Day presentation on May 31, 2018. The presentation included an overview of the company, its strategic priorities, and growth opportunities. LKQ aims to be the leading global distributor of vehicle parts and accessories by offering customers the most comprehensive selection of cost-effective part solutions. Key priorities include growing diversified product offerings, expanding the global footprint, adapting to evolving vehicle technologies, and rationalizing assets.
This document provides an overview of a car rental company with three main divisions: car rental, fleet rental, and used car sales (Seminovos). It discusses the company's history and expansion, integrated business platform and synergies across divisions. Financial details are given for each division showing profitability comes mainly from car and fleet rental. The company has competitive advantages in raising capital, purchasing vehicles, nationwide presence, and innovation. It has higher profitability and lower debt ratios than competitors.
Localiza is the 25th most valuable brand in Brazil. The document provides an overview of Localiza's integrated business platform, which includes car rental, fleet rental, used car sales, and franchising divisions. It discusses Localiza's competitive advantages in raising money, buying cars, renting cars, and selling used cars. Localiza has a large scale of operations, investment grade credit ratings, purchasing power from OEMs, extensive network of locations, high customer satisfaction ratings, and ability to innovate. Financial information is presented showing Localiza's profitability and returns are higher than competitors.
The document provides an overview of Localiza, the 25th most valuable brand in Brazil. It summarizes the company's history since 1973, outlines its main business divisions of car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as scale in vehicle purchases, brand recognition, and innovation which allow it to raise funds at better rates and maintain high customer satisfaction. Financial information shows Localiza has leading profitability metrics like ROIC compared to competitors, demonstrating strong performance.
- The company reported revenue of $2.34 billion for Q1 2017, up 21.9% from Q1 2016, driven by organic growth, acquisitions, and higher scrap steel prices.
- Income from continuing operations was $140.8 million for Q1 2017 compared to $112.2 million for Q1 2016.
- Segment EBITDA margin was 12.4% for Q1 2017 compared to 12.3% for Q1 2016, as revenue growth offset increased operating expenses from acquisitions.
The document provides an overview of Thai Rung Union Car Plc's Q1/2014 results presentation. It discusses the company's business units and financial performance. Tooling and OEM parts accounted for 69% of revenue, while contract assembly and painting made up 21%. Total revenue decreased 9% quarter-over-quarter to 640 million baht. Gross profit increased 18% and net profit rose 63% compared to the previous quarter. The outlook calls for expanding tooling, die, and parts production capacity to pursue new domestic and international business opportunities.
Localiza is a car rental company based in Brazil that has grown to become the largest car rental company in the country. The presentation provides an overview of Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to obtain better prices, its large network of locations across Brazil, and its innovations in technology. The financials section shows that Localiza has consistently achieved higher profitability measures like return on invested capital compared to its competitors due to its integrated business model.
Localiza is a Brazilian car rental company founded in 1973. It has since grown to become the largest car rental company in Brazil through a strategy of expansion into adjacent businesses. It operates four main divisions: car rental, fleet rental, used car sales, and franchising. The presentation provides an overview of each division and highlights Localiza's competitive advantages in raising capital, purchasing vehicles, renting vehicles, and selling used vehicles. It also reviews the company's financial performance and profitability metrics compared to its main competitors in Brazil.
The document provides an overview of Localiza Rent a Car S.A., a Brazilian car rental company. It discusses the company's history and growth, its integrated business platform consisting of car rental, fleet outsourcing, used car sales and franchising divisions, and the financial cycles and competitive advantages of each division. Key metrics on the company's revenues, fleet size, market share, and financial performance are presented. The document also reviews industry trends in car rental and fleet outsourcing in Brazil.
Autobytel Inc operates as a digital automotive marketing services company in the United States. It provides new and used vehicle leads, finance and insurance leads, and dealer analytics and marketing solutions. The company has a market cap of $88 million and trades on the NASDAQ under the ticker ABTL. The analysts recommend buying Autobytel at the current price of $9.75 per share, with a target price of $15.04 based on discounted cash flow and comparable company analyses, implying upside of over 50%. Key risks include management decisions and scale disadvantages versus competitors.
Localiza is the 25th most valuable brand in Brazil and the largest car rental company in the country. It has three main business divisions: car rental, fleet rental, and used car sales. The company has a competitive advantage through its scale in purchasing cars, network of locations across Brazil, innovation in services, and ability to generate higher returns than competitors. Localiza aims to continue expanding its integrated business platform and maintaining its leadership position in the car rental market.
Localiza is the 25th most valuable brand in Brazil. The document discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It provides an overview of the company's history and growth, integrated business platform, financial performance of each division, and competitive advantages in areas like purchasing power, innovation, and used car sales distribution. Localiza has achieved scale in Brazil and investment grade credit ratings, demonstrating strong profitability and returns over its 42 year history.
The document provides an overview of SHLO, an automotive components manufacturer. Key points include:
- SHLO is recommended as a Buy with 86% upside potential due to growth factors like stricter emission regulations driving aluminum adoption, expected to rise 300% by 2020.
- The company has expanded production capabilities through plants in Poland and Tennessee to transition from steel to aluminum/magnesium.
- Key growth strategies include capturing the expected 500,000 increase in 2016 US auto sales and retaining customers through a service-oriented model.
The document provides an overview of SHLO, an automotive components manufacturer. Key points include:
- SHLO is recommended as a Buy with 86% upside potential due to growth factors like stricter emission regulations driving aluminum adoption, expected to rise 300% by 2020.
- The company has expanded production capabilities through plants in Poland and Tennessee to transition from steel to aluminum/magnesium.
- Key growth strategies include capturing the expected 500,000 unit increase in 2016 US auto sales and retaining customers through a service-oriented model.
Similar to Lkq corporation bairds 2017 global consumer technology and services conference (20)
- LKQ reported revenue of $3.03 billion for Q2 2018, up 23.3% year-over-year, driven by organic growth and acquisitions.
- Net income was $157 million for Q2 2018.
- Key acquisitions in Q2 2018 included Stahlgruber in Germany and three aftermarket parts businesses in Sweden.
- Inventory levels are sufficient to support growth targets, though costs are up due to higher scrap steel prices.
Lkq corporations first quarter 2018 earnings call presentation v2 4.27.18corporationlkq
- The company reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services.
- Net income from continuing operations attributable to stockholders was $153 million for Q1 2018, up 8.6% from $141 million in Q1 2017.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from $290 million in Q1 2017, with margins of 10.9% compared to 12.4% in Q1 2017.
Lkq corporations first quarter 2018 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services. Net income was $153 million.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from Q1 2017. Diluted EPS was $0.49 per share, up 8.9% from Q1 2017.
- Revenue growth was driven by acquisitions in Europe and organic growth in North America. Margins declined due to mix shift to Europe and higher costs.
- LKQ reported revenue of $9.7B for Q4 2017, up 14.9% year-over-year, and $37B for full year 2017, up 13.4% year-over-year. Organic growth was a major contributor.
- Net income for Q4 2017 was $126M, up 31% year-over-year, and $540M for full year 2017, up 18% year-over-year.
- Segment EBITDA margins were 10.3% for Q4 2017 and 11.5% for full year 2017.
Lkq corporation announces agreement to acquire stahlgruber gmb h investor...corporationlkq
LKQ announced its plans to acquire Stahlgruber GmbH, a leading German wholesale distributor of auto parts. The key points are:
1) The acquisition price is €1.5 billion, or around 10x Stahlgruber's estimated 2017 EBITDA including expected synergies.
2) The acquisition will create LKQ's first truly pan-European wholesale footprint by linking its existing operations with Stahlgruber's presence in Germany, Austria, and other EU countries.
3) Stahlgruber is expected to generate €1.6 billion in sales and €128 million in EBITDA in 2017. The acquisition is expected to be accretive to LKQ's adjusted EPS
Third Quarter 2017 Earnings Call Presentationcorporationlkq
- LKQ reported revenue of $2.5B for Q3 2017, up 11.7% from Q3 2016, and revenue of $7.3B for the first nine months of 2017, up 13% from the same period in 2016. Organic revenue growth was 3.2% for Q3 and 3.8% for the first nine months.
- Income from continuing operations was $122M for Q3 2017 compared to $110M for Q3 2016. For the first nine months it was $414M in 2017 compared to $360M in 2016.
- Inventory levels are sufficient to support growth targets, with aftermarket purchases up 9.3% in Q3 2017 and 12
- LKQ reported revenue of $2.458 billion for Q2 2017, an increase of 6.7% over Q2 2016, with organic growth across parts and services. Income from continuing operations was $150.9 million.
- For YTD 2017, revenue was $4.801 billion, an increase of 13.6% over the same period in 2016. Income from continuing operations was $291.7 million.
- Revenue growth was driven by organic growth in North America and Europe as well as acquisitions, including Rhiag and Andrew Page. The company continues to focus on procurement initiatives and expanding inventory.
Lkq second quarter 2017 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.458 billion for Q2 2017, up 6.7% from Q2 2016, with organic growth of parts and services revenue of 3.8%. Net income was $150.9 million.
- For YTD 2017, revenue was $4.801 billion, up 13.6% from YTD 2016, with organic growth of parts and services revenue of 4.1%. Net income was $291.7 million.
- Segment EBITDA margins were 12.4% for Q2 2017 and YTD 2017, down from 13.0% for Q2 2016 but flat compared to 12.7% for YTD 2016.
Lkq corporations fourth quarter and full year 2016 earnings call presentationcorporationlkq
Fourth Quarter & Full Year 2016 Earnings Call
- For Q4 2016, revenue increased 23.0% to $2.15 billion due to a 22.2% increase from acquisitions and 3.8% organic growth. Income from continuing operations was $96.3 million.
- For full year 2016, revenue increased 19.3% to $8.58 billion due to an 18.0% increase from acquisitions and 3.7% organic growth. Income from continuing operations was $456.1 million.
- Key acquisitions in 2016 included Rhiag-Inter Auto Parts Italia S.p.A. and the aftermarket glass business of PPG Industries, which
Lkq second quarter 2016 earnings call presentationcorporationlkq
- LKQ reported financial results for the second quarter of 2016, with revenue increasing 33.3% year-over-year to $4.4 billion driven by organic growth and acquisitions. Net income was $140.7 million for Q2 2016 compared to $119.7 million for the same period in 2015.
- Segment EBITDA margin increased to 13.0% for Q2 2016 from 12.7% in Q2 2015. Revenue growth was driven by organic growth in parts and services of 5.4% as well as acquisition growth including the addition of the glass segment through the acquisition of PGW.
- For the first half of 2016, revenue increased 21.0% to $
LKQ to Acquire Rhiag Group-Investor/Analyst Conference Callcorporationlkq
LKQ announced its plans to acquire Rhiag Group, a leading automotive mechanical parts distributor in Europe. The acquisition would establish LKQ as the clear #1 player in Europe and accelerate its pan-European strategy. LKQ will acquire Rhiag for total consideration of €1.0375 billion, including cash and assumed debt. The transaction value represents a multiple of 10.6 times Rhiag's estimated 2015 adjusted EBITDA. The acquisition is expected to be financed through cash, existing credit facilities, and assumed debt.
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Lkq corporation bairds 2017 global consumer technology and services conference
1.
2. 1
Forward Looking Statements
Statements and information in this presentation that are not historical are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the
“safe harbor” provisions of such Act.
Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance,
expectations, beliefs, hopes, intentions and strategies. These statements are subject to a number of risks,
uncertainties, assumptions and other factors including those identified below. All forward-looking
statements are based on information available to us at the time the statements are made. We undertake
no obligation to update any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
You should not place undue reliance on our forward-looking statements. Actual events or results may
differ materially from those expressed or implied in the forward-looking statements. The risks,
uncertainties, assumptions and other factors that could cause actual results to differ from the results
predicted or implied by our forward-looking statements include the factors disclosed under the captions
“Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Report on Form 10-K for the year ended December 31, 2016 and in our
subsequent Quarterly Reports on Form 10-Q. These reports are available on our investor relations
website at lkqcorp.com and on the SEC website at sec.gov.
3. 2
Mission Statement
To be the leading global value-added
distributor of vehicle parts and accessories
by offering our customers the most
comprehensive, available and cost effective
selection of part solutions while building
strong partnerships with our employees and
the communities in which we operate
4. LKQ’s Evolution
3
Total Revenue
$328M
Total Revenue
$1.11B
Total Revenue
$3.27B
Aftermarket
Collision
Refurbished Wheels Heavy Duty Europe-UK Keystone Specialty
Wholesale Salvage Self Serve Keystone / Paint Reman-US Europe-Benelux Rhiag / PGW
Total Revenue
$9.0 B
Recycled Products Aftermarket NA Self Service-
Parts
Heavy Truck-
Parts
European Operations Specialty Other
2003 2007 2011 2017*
* TTM as of 3/31/2017
1998 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
16%
26%
3%1%
35%
14%
5%
5. Specialty
• Performance products
• Appearance & accessories
• RV, trailer & other
• Specialty wheels & tires
Operating Unit Overview
4
North America
• Collision
– Aftermarket automotive products
– Automotive glass distribution
– Recycled & Refurbished
• Mechanical
– Recycled engines & transmissions
– Remanufactured Engines
Europe
• Mechanical
– 175,000+ small part SKUs
– Brakes, filters, hoses, belts, etc.
• Collision (limited)
– Aftermarket (UK) & Recycled (Sweden)
6. LKQ’s Acquisition Philosophies
• Markets where we can be #1 or #2
• Strong and experienced management
• Opportunities for growth & synergies
• Financial returns
– IRR (mid-teens over 10 years)
– ROIC (10 years’ average >10%)
• Integrity
• Criteria in new markets
– Among the leaders in the market
– High fulfillment rates
– Consistent with LKQ culture
– Excellent management team that will stay post
closing
• Criteria in existing markets
– “Tuck in” companies
– High synergies
– Additional capacity
• Substantial experience integrating acquisitions
Strong Brands
5
8. 7
Consolidated Results - Continuing operations
Q1 2017 Revenue*
* Revenue in millions
• Organic growth of parts and services revenue of 4.5%
• Income from continuing operations $140.8 million Q1 2017 vs. $112.2 million Q1 2016
• Segment EBITDA Margin** 12.4% Q1 2017 vs. 12.3% Q1 2016
** Segment EBITDA is a non-GAAP financial measure. Refer to Segment EBITDA reconciliation on page 28
Note: On March 1, 2017, LKQ completed the sale of its automotive glass manufacturing business. Glass manufacturing results are presented as discontinued operations for all periods.
9. 8
Consolidated Results - Continuing operations
Q1 2017*
** Adjusted Diluted EPS is a non-GAAP measure. Refer to page 30 for Diluted EPS reconciliation
$0.45
* Earnings per share figures refer to income from continuing operations
Diluted EPS Adjusted Diluted EPS
11. Large & Fragmented US Market
10
Automotive Repair Market
$213 bn
Do It For Me (DIFM)
$165 bn
Collision
$40 bn
Collision Parts
$22 bn
Collision
(Wholesale)
$15 bn
Markup
$7 bn
Labor
$18 bn
Mechanical
$125 bn
Mechanical Parts
$68 bn
Mechanical
(Wholesale)
$46 bn
Markup
$22 bn
Labor
$57 bn
DIY(1)
$48 bn
Retail
Price
Parts &
Labor
Market Opportunity – $61 billion
Source: AAIA Factbook, 24rd Edition 2014; 2014 data is estimated, excludes tires.
2014 Collision Trends.
(1) * Do It Yourself ecommerce only.
12. Collision Products, a $15 Billion Industry
11
Repair Shop
New OEM
Manufacturers
63%
Aftermarket
19%
Recycled OEM
12%
Refurbished &
Optional OE
Products
6%
Insurance Companies
(Indirect Customers)
Alternative parts = 37% of parts costs
Source: CCC Information Services –Crash Course 2016.
13. Clear Value Proposition
12
…and Improved Cycle Time for Repairs
2015 Chrysler Town & Country
Wheel
2006 Chevrolet Silverado
Engine
2012 Chevrolet Malibu
Bumper Cover
New OEM $380 $5,896 $335
Remanufactured $261 $2,069 $209
Recycled OEM $85 $1,090 $175
New A/M N/A N/A $209
Average Savings 55% 73% 59%
Note: Parts price only – excludes labor.
14. Shift Toward Alternative Parts Usage
13
Source: CCC Information Services Inc.
Over 20 million vehicle claims
5.8
2.2
8.0
6.5
2.9
9.4
0.0
2.0
4.0
6.0
8.0
10.0
OEM Alternative Parts Total
2011 2012 2013 2014 2015 2016
Average Parts Used Per Claim
15. Regional Distribution Improves Fulfilment
• Highly fragmented space
• 20X size of next competitor
• Consistent nationwide coverage
and warranty
• Strong management team
• Strong logistics & footprint
• Industry leading fill-rates
– Aftermarket: 95%
– Salvage
• Competitor: 25%
• LKQ Single Site: 35%
• LKQ Region: 75%
14
21. Large European Market
20
Automotive Repair Market
€198B
Do It For Me (DIFM)
€188B
Collision
€30B
Collision Parts
€22B
Collision
(Wholesale)
€14B
Markup
€8B
Labor
€8B
Mechanical
€158B
Mechanical Parts
€120B
Mechanical
(Wholesale)
€78B
Markup
€42B
Labor
€38B
DIY (1)
€10B
Market Opportunity – €102 billion
Retail
Price
Parts &
Labor
Source: 2014 Datamonitor; Management estimates.
Note: All € in millions; Excludes VAT and sales taxes.
(1) Do It Yourself e-commerce only.
22. LKQ’s European Platform Acquisitions
21
Opportunities for Procurement & Back Office Synergies
October 2011 April 2013 March 2016 December 2016
• Leading distributor
of automotive
aftermarket
mechanical parts in
the UK
• Nearly 55,000
commercial
customers
• 1 National
Distribution Center
totaling 500K square
feet
• 8 regional hubs, 89
branches
• Leading distributor
of automotive
aftermarket
mechanical parts in
the Benelux
• Proprietary, best-in-
class online ordering
technology for local
distributors & repair
shops
• 11 distribution
centers
• Leading automotive
aftermarket
mechanical parts
distributor in Italy,
The Czech Republic
& Slovakia; #2 or #3
position in 6 other
countries in Central
& Eastern Europe
• Rhiag utilizes a
network of 10 DC’s
and 247 local
branches,
distributing product
to over 57,000
professional
customers.
• The leading
independent car
parts and service
chain in the Nordic
region of Europe,
offering a wide range
of quality products
including spare parts
and accessories for
cars, and workshop
services for
consumers and
businesses
• LKQ acquired a 26.5%
ownership position
24. T2 Rationale
23
• Supports business growth
– In Logistics this means increased throughput and storage requirement
• Supports business integration
– Total proposition under one roof e.g. paints, e-comm, mechanical parts
• More efficient logistics
– Reduced double handling & transport costs
– Higher pick rates & improved reliability (less reliance on availability of people in a tight labour market)
• Improved service levels to the branch network
– Better order fill, stock accuracy and timeliness ultimately improving product availability at Branches
• Better for suppliers
– Single delivery location
– Improved Turnaround times for their vehicles
• Future proofing has been at the core of our thinking, i.e. flexible growth options for the site
– Stingray Automation Scalability 50%
– Fast Tote Pick Scalability 100%
– Pick Tower Scalability 200%
– Despatch Buffer Scalability 33%
25. • 90K tonnes of soil moved
• 778K square feet warehouse with mezzanine
• 80K tones of concrete poured
The T2 Site
24
• 3K tonnes of steel used
• Main build contractor Winvic
• Automation and fit out: TGW
26. T2 Automation
25
• 20 dock door
• 24x7 operation
• 148 deliveries
• 4,467 Lines
• 333k Cases
• 1,882 Pallets
Goods in Area
• Pick Rate Age 800 cases/hr
• 600 Fast tote Pick Faces
• Average Daily 89k (31.5%) cases pick
• Auto replenishment from Miniload
Fast Tote Pick
• 582k totes storage
• 15 Aisles and 36 levels
• One Crain in each aisle
Miniload System
• High Bay (16m) Pallet storage area
• 13 rack level of various heights
• 68k pallet location
• Store buffer stock
• Avg. Daily in out 751 pallets
Very Narrow Aisles
• 15 decant stations
• 2 rework / reject stations
• Decant productivity 800 cases/hr
Decant Station
• Currently used picking arrangement
in our warehouse
• 26,000 reserve location
• 4,972 pick locations
• Pick productivity: 120 cases per hour
• Avg. daily pallets in 551
Wide Aisles Pick Area
• 549 two pallet deep pick locations
• Avg. daily 29k stock order and 1.6k VOR
• Pick productivity: 400 cases/hr
Fast Pallets Pick
• Enables sequencing of picked
totes and gets it ready for
despatch to branches
• 3 robotic tote stacker’s station
Dispatch Buffer and
Automated Tote Stackers
• 2 multifunction stations
• Pick productivity: 558 cases/hour
• Average Day Pick: 127k (45.2%)
• 1 storage totes vs 10
24 GTP Stations
• 8 aisles with 23 levels
• 98k storage totes
• Handle 8k totes/hr 333
totes/station
Stingray System
27. Highly Fragmented with many “Country Champions”
26
Selected Market Players
Source: Company filings, press releases, FactSet, Orbis and CapitalIQ.
Selected Pan European Platforms
• LKQ—Central and Eastern Europe, Italy, the Netherlands and the United Kingdom
• Alliance Automotive—France, Germany and the United Kingdom
*
* On 12/1/2016 LKQ acquired a 26.5% equity interest in Mekonomen AB
28. Source: Company filings and websites; amounts are approximate.
Note: EUR in billions. Represents FY2015 sales unless otherwise indicated.
(1) Mar 2017 TTM. (3) TTM Aug 2016. (5) FY2016.
(2) Jun 2016 TTM. (4) FY2014.
€ 2.9
€ 1.7
€ 1.5 € 1.4 € 1.3
€ 1.1
€ 0.7 € 0.6
(3) (4) (5)
Trost + WM(1)
LKQ
Europe
Autodis Intercars
Parts
Alliance
AAG
(2)
MekonomenStahlgruber
27
Top European Players
29. Specialty
28
• Leading distributor and marketer of specialty aftermarket
equipment, accessories, and products in North America
• Critical link between 800+ suppliers and approximately
20,000 customers selling over 250,000 total SKUs
supported by a highly technical sales force
• Diverse product segments: truck and off-road; speed and
performance; recreational vehicle; towing; wheels, tires
and performance handling; and miscellaneous accessories
• Best-in-class logistics and distribution network with
approximately 1,000,000 annual deliveries and ability to
serve over 97% of dealer / jobber customers next-day
Specialty Directly Addressable Market (1)
($ in billions)
Specialty Overview
(1) Management estimates based on AAIA Factbook, SEMA and other industry research
Accessory and
Appearance
$3.13B
28%
Performance
Products
$3.99B
36%
RV and Towing
$1.37B
12%
Wheels, Tires &
Suspension
$2.65B
24%
Towing
5th Wheels
Receiver Hitches
Wheels and
Tires
Tires
Wheels
Accessories
Floor Liners
Fender Flares
Truck &
Off-Road
Toolboxes
Winches
Speed &
Performance
Superchargers
Air Intakes
Satellites
RV
Awnings
30. 29
Consistent Business Model and Strategy
Niche and
Fragmented
Markets
Industry Leading
Management
High
Fulfillment
Rates
Synergy and
Leverage
Opportunities
Sustainable
Growth and Margin
Expansion
Attractive
Adjacent
Markets
32. History of Strong Organic Growth
Organic Revenue Growth Rates(1)
(1) Parts and services only.
6.6%
7.9%
6.0%
11.0%
9.0%
7.0%
4.8%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2010 2011 2012 2013 2014 2015 2016
31
33. 32
Q1 2017 Revenue Growth
• Organic growth in North America parts and services revenue was largely attributable to increased sales volumes in our wholesale operations, primarily in
our salvage operations
• ECP organic revenue growth for parts and services was 6.8%. Revenue growth for branches open more than 12 months was 5.1% and collision parts
revenue growth was 18.9%. There were two more selling days in Q1 2017 compared to Q1 2016
• Sator organic revenue growth for parts and services was 3.4%; there were two more selling days in Q1 2017 compared to Q1 2016
• Unfavorable F/X impact on European revenue of $54 million; European constant currency parts and services revenue growth of 60.0%(2)
• European acquisition growth was $281 million, most of which was generated by Rhiag-Inter Auto Parts Italia S.p.A. ("Rhiag") (acquired March 18, 2016)
• On March 1, 2017, LKQ completed the sale of its automotive glass manufacturing business. The aftermarket automotive replacement glass business of
PGW ("ARG") that is part of continuing operations is reflected in North America acquisition revenue
• Increase in Other Revenue was primarily attributable to higher scrap steel and other metals prices. Scrap steel prices were up 55% year over year
(1) The sum of the individual revenue change components may not equal the total percentage due to rounding
Revenue Changes by Source:
Organic Acquisition
Foreign
Exchange Total(1)
North America 1.8% 8.3% 0.2% 10.4%
Europe 8.5% 51.5% (9.9)% 50.1%
Specialty 6.3% 0.1% 0.3% 6.7%
Parts and Services 4.5% 20.0% (2.8)% 21.7%
Other Revenue 25.9% 0.2% (0.1)% 25.9%
Total 5.7% 18.9% (2.7)% 21.9%
(2) Constant Currency is a non-GAAP financial measure. Refer to constant currency reconciliation on page 26
34. 33
Q1 2017 Operating Highlights
Europe
• ECP's new national distribution center (Tamworth 2) is on budget. We expect to test the automation in Q2 2017 and start deliveries in Q3 2017, with the
full facility going live Q1 2018
• ECP closed six UK paint locations in Q1 (as well as six paint locations in Q4 2016). Those 12 locations had operations that were integrated into existing
ECP hubs
• Rhiag opened a total of 12 ELIT and Auto Kelly locations in eastern Europe during Q1
Specialty
• Successful "show season" with year over year at-show sales growth exceeding expectations
• The sale of light trucks and RV’s continue their upward trend at a solid pace
• Continued focus on streamlining fulfillment process, optimizing routes, ensuring best in class inventory availability, and expanding product and
service offerings including dealer-friendly online solutions
North America
• In Q1 2017, we closed the sale of the automotive glass manufacturing business of PGW to a subsidiary of Vitro S.A.B., a glass manufacturer based in
Mexico. This divestiture allows our team to focus on the existing aftermarket glass distribution business and the potential synergies that exist within our
core North American network and customer base
• We have integrated 3 ARG warehouses into LKQ warehouses
• Productivity initiatives provided $9.4 million QTD cost savings
35. 34
2017 Capital Allocation - Continuing operations
• Operating cash flows:
- Increase driven primarily by higher cash earnings in the first quarter of 2017
- $32M net cash outflow from operating assets and liabilities due mainly to an increase of $109M of receivables partially offset by an increase of $61M in
income taxes payable (based on the timing of estimated payments) and $24M in accounts payable
• Received net proceeds from the sale of the OEM business of $301M and invested $77M in acquisitions in Q1 2017
• We used $301 million of net cash proceeds from the sale of the OEM business to repay revolver borrowings
$ in millions
36. 35
Leverage & Liquidity – Q1 2017
Effective borrowing rate for Q1 2017 was 2.9%
Revolver
Availability(1)
($ in millions )
(*) Net leverage per bank covenants is defined as Net Debt/EBITDA. See the definitions of Net Debt and EBITDA in the credit agreement filed with the SEC for further details
2.7x
2.5x
(1) Revolver availability includes our term loans and revolving credit facilities
($ in millions )
37. 36
Key Return Metrics
Return on Equity Return on Invested Capital*
* Amortization of intangibles has been excluded from the calculation of Return on Invested Capital
38. 37
Guidance 2017
(effective only on the date issued: April 27, 2017)
(1) Guidance for 2017 is based on current conditions and excludes the impact of restructuring and acquisition related expenses, excess tax benefits and deficiencies from stock
based payments, losses on debt extinguishment and amortization expense related to acquired intangibles. In addition, it excludes gains or losses (including changes in fair value
of contingent consideration liabilities) and capital spending related to acquisitions or divestitures. Our forecasted results for our U.K. and other international operations were
calculated using current foreign exchange rates for the remainder of the year
Full year 2016 actual figures for Adjusted Net Income and Adjusted Diluted EPS were calculated using the same methodology as the 2017 guidance. Organic revenue guidance
refers only to parts and services revenue. LKQ updated its guidance on April 27, 2017, and it is only effective on the date of issuance. It is LKQ’s policy to comment on its
annual guidance only when the company issues its quarterly press releases with financial results. LKQ has no obligation to update this guidance.
($ in millions excluding EPS)
Full Year 2016
Actual
Full Year 2017
Guidance(1)
Organic Growth, Parts and Services 4.8% 4.0% - 6.0%
Adjusted Net Income- continuing operations(2) $522 $565 - $595
Adjusted Diluted EPS- continuing operations(2) $1.69 $1.82 - $1.92
Capital Expenditures- continuing operations $183 $200 - $225
Cash Flow from Operations - continuing operations $571 $615 - $645
(2) See page 32 for reconciliation of forecasted adjusted net income and forecasted adjusted diluted earnings per share
39. 38
2017 Adjusted Diluted EPS Guidance Bridge*
** Reflects midpoint of Adjusted Diluted EPS guidance range
* See page 32 for reconciliation of forecasted adjusted net income and forecasted adjusted diluted earnings per share
40. Leading Positions
In Large Markets
Why Invest in LKQ?
39
Market Leader Growing Markets Diversified Revenue Base Demonstrated Performance
• Increasing availability
of quality aftermarket
and recycled products
• Distribution network
and inventory levels
allow higher
fulfillment rates
• Expanding number of
vehicles comprising
“sweet spot” in our
target market
Solid Financial Metrics
• History of delivering
organic revenue
growth & EBITDA
expansion
• Strong FCF generation
supports growth
• Diversified capital
structure
• Limited near-term
structured debt
repayments & ample
liquidity
Clear
Value Proposition
• Insurers focused on
controlling repair
costs
• Alternative products
offer savings of 20% -
50% of OEM parts
repairs
• LKQ represents the
best partner for the
insurance companies
• Global balance with
Pan-European
footprint
• Multiple end markets
• Broad parts segment
exposure
• Self funded growth
Diversified Revenue
Stream
• Largest participant in
each market served
• Scale provides
purchasing leverage
and depth of
inventory
• European & Specialty
expansion drives
diversification
• Opportunities for new
locations & adjacent
markets remain in all
segments
Expanding Alternative
Parts Usage
41. 40
Appendix 1- Constant Currency Reconciliation
• The following unaudited table reconciles consolidated revenue growth for Parts & Services to constant currency
revenue growth for the same measure:
We have presented the growth of our revenue on both an as reported and a constant currency basis. The constant currency
presentation, which is a non-GAAP financial measure, excludes the impact of fluctuations in foreign currency exchange rates. We
believe providing constant currency revenue information provides valuable supplemental information regarding our growth, consistent
with how we evaluate our performance, as this statistic removes the translation impact of exchange rate fluctuations, which are
outside of our control and do not reflect our operational performance. Constant currency revenue results are calculated by translating
prior year revenue in local currency using the current year's currency conversion rate. This non-GAAP financial measure has
limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our results as reported
under GAAP. Our use of this term may vary from the use of similarly-titled measures by other issuers due to the potential
inconsistencies in the method of calculation and differences due to items subject to interpretation. In addition, not all companies that
report revenue growth on a constant currency basis calculate such measure in the same manner as we do and, accordingly, our
calculations are not necessarily comparable to similarly-named measures of other companies and may not be appropriate measures
for performance relative to other companies.
Three Months Ended
March 31, 2017
Consolidate
d Europe
Parts & Services
Revenue Growth as reported 21.7% 50.1%
Less: Currency impact (2.8%) (9.9%)
Revenue growth at constant
currency 24.5% 60.0%
42. 41
Appendix 2 - Revenue and Segment EBITDA by segment
Three Months Ended
March 31*
(in millions) 2017
% of
revenue 2016
% of
revenue
Revenue
North America $1,208.2 $1,080.8
Europe 820.9 546.8
Specialty 314.9 295.1
Eliminations (1.2) (1.2)
Total Revenue $2,342.8 $1,921.5
Segment EBITDA
North America $176.1 14.6% $145.7 13.5%
Europe 78.7 9.6% 57.5 10.5%
Specialty 35.4 11.3% 33.4 11.3%
Total Segment EBITDA $290.3 12.4% $236.6 12.3%
We have presented Segment EBITDA solely as a supplemental disclosure that offers investors, securities analysts and other
interested parties useful information to evaluate our segment profit and loss. We calculate Segment EBITDA as EBITDA
excluding restructuring and acquisition related expenses, change in fair value of contingent consideration liabilities, other
acquisition related gains and losses and equity in earnings of unconsolidated subsidiaries. EBITDA, which is the basis for
Segment EBITDA, is calculated as net income excluding discontinued operations, depreciation, amortization, interest (which
includes loss on debt extinguishment) and income tax expense. Our chief operating decision maker, who is our Chief
Executive Officer, uses Segment EBITDA as the key measure of our segment profit or loss. We use Segment EBITDA to
compare profitability among our segments and evaluate business strategies. We also consider Segment EBITDA to be a
useful financial measure in evaluating our operating performance, as it provides investors, securities analysts and other
interested parties with supplemental information regarding the underlying trends in our ongoing operations. Segment EBITDA
includes revenue and expenses that are controllable by the segment. Corporate and administrative expenses are allocated to
the segments based on usage, with shared expenses apportioned based on the segment's percentage of consolidated
revenue.*The sum of the individual components may not equal the total due to rounding
43. 42
Appendix 3 - Reconciliation of Net Income to EBITDA and
Segment EBITDA
* Loss on debt extinguishment is considered a component of interest in calculating EBITDA
** The sum of the individual components may not equal the total due to rounding
Three Months Ended
March 31**
(in millions) 2017 2016
Net income $136.3 $112.2
Subtract:
Loss from discontinued operations, net of tax (4.5) —
Income from continuing operations $140.8 $112.2
Add:
Depreciation and Amortization 50.6 33.2
Interest Expense, Net 24.0 14.6
Loss on debt extinguishment* — 26.7
Provision for Income Taxes 72.2 53.1
EBITDA $287.6 $239.7
Subtract:
Equity in earnings of unconsolidated subsidiaries 0.2 (0.4)
Gains on foreign exchange contracts - acquisition related — (18.3)
Add:
Restructuring and acquisition related expenses 2.9 14.8
Change in fair value of contingent consideration liabilities — 0.1
Segment EBITDA $290.3 $236.6
EBITDA as a percentage of revenue 12.3% 12.5%
Segment EBITDA as a percentage of revenue 12.4% 12.3%
44. 43
Appendix 3- Reconciliation of Net Income to EBITDA and
Segment EBITDA
We have presented EBITDA solely as a supplemental disclosure that offers investors, securities analysts and other interested
parties useful information to evaluate our operating performance and the value of our business. We calculate EBITDA as net
income excluding discontinued operations, depreciation, amortization, interest (which includes loss on debt extinguishment) and
income tax expense. EBITDA provides insight into our profitability trends and allows management and investors to analyze our
operating results with and without the impact of discontinued operations, depreciation, amortization, interest (which includes loss
on debt extinguishment) and income tax expense. We believe EBITDA is used by investors, securities analysts and other
interested parties in evaluating the operating performance and the value of other companies, many of which present EBITDA
when reporting their results.
We have presented Segment EBITDA solely as a supplemental disclosure that offers investors, securities analysts and other
interested parties useful information to evaluate our segment profit and loss and underlying trends in our ongoing operations. We
calculate Segment EBITDA as EBITDA excluding restructuring and acquisition related expenses, change in fair value of
contingent consideration liabilities, other acquisition related gains and losses and equity in earnings of unconsolidated
subsidiaries. Our chief operating decision maker, who is our Chief Executive Officer, uses Segment EBITDA as the key measure
of our segment profit or loss. We use Segment EBITDA to compare profitability among our segments and evaluate business
strategies. Segment EBITDA includes revenue and expenses that are controllable by the segment. Corporate and administrative
expenses are allocated to the segments based on usage, with shared expenses apportioned based on the segment's percentage
of consolidated revenue.
EBITDA and Segment EBITDA should not be construed as alternatives to operating income, net income or net cash provided by
(used in) operating activities, as determined in accordance with accounting principles generally accepted in the United States. In
addition, not all companies that report EBITDA or Segment EBITDA information calculate EBITDA or Segment EBITDA in the
same manner as we do and, accordingly, our calculations are not necessarily comparable to similarly named measures of other
companies and may not be appropriate measures for performance relative to other companies.
45. 44
Appendix 4 - Reconciliation of Net Income and EPS to Adjusted Net
Income and Adjusted EPS from continuing operations
Three Months Ended
March 31*
(in millions, except per share data) 2017 2016
Net income $136.3 $112.2
Subtract:
Loss from discontinued operations, net of tax (4.5) —
Income from continuing operations $140.8 $112.2
Adjustments:
Restructuring and acquisition related expenses 2.9 14.8
Loss on debt extinguishment — 26.7
Amortization of acquired intangibles 21.3 8.9
Change in fair value of contingent consideration liabilities — 0.1
Gains on foreign exchange contracts - acquisition related — (18.3)
Excess tax benefit from stock-based payments (3.3) (4.4)
Tax effect of adjustments (8.5) (11.1)
Adjusted net income from continuing operations $153.2 $128.7
Weighted average diluted common shares outstanding 310,300 309,193
Diluted earnings per share - continuing operations $0.45 $0.36
Adjusted diluted earnings per share - continuing operations $0.49 $0.42
*The sum of the individual components may not equal the total due to rounding.
46. 45
Appendix 4 - Reconciliation of Net Income and EPS to Adjusted Net
Income and Adjusted EPS from continuing operations
We have presented Adjusted Net Income and Adjusted Diluted Earnings per Share from Continuing Operations as we believe these
measures are useful for evaluating the core operating performance of our continuing business across reporting periods and in analyzing
the company’s historical operating results. We define Adjusted Net Income and Adjusted Diluted Earnings per Share from Continuing
Operations as Net Income and Diluted Earnings per Share adjusted to eliminate the impact of discontinued operations, restructuring and
acquisition related expenses, loss on debt extinguishment, amortization expense related to acquired intangibles, the change in fair value of
contingent consideration liabilities, other acquisition-related gains and losses, excess tax benefits and deficiencies from stock-based
payments, and any tax effect of these adjustments. The tax effect of these adjustments is calculated using the effective tax rate for the
applicable period or for certain discrete items the specific tax expense or benefit for the adjustment. These financial measures are used by
management in its decision making and overall evaluation of operating performance of the company and are included in the metrics used
to determine incentive compensation for our senior management. Adjusted Net Income and Adjusted Diluted Earnings per Share from
Continuing Operations should not be construed as alternatives to Net Income or Diluted Earnings per Share as determined in accordance
with accounting principles generally accepted in the United States. In addition, not all companies that report Adjusted Net Income and
Adjusted Diluted Earnings per Share from Continuing Operations calculate such measures in the same manner as we do and, accordingly,
our calculations are not necessarily comparable to similarly-named measures of other companies and may not be appropriate measures
for performance relative to other companies.
47. 46
Appendix 5 - Forecasted EPS reconciliation*
For the year ending December 31, 2017
(in millions, except per share data) Minimum Guidance Maximum Guidance
Income from continuing operations $511 $541
Adjustments:
Amortization of acquired intangibles 85 85
Restructuring and acquisition related expenses 3 3
Excess tax benefit from stock-based payments (3) (3)
Tax effect of adjustments (31) (31)
Adjusted net income- continuing operations $565 $595
Weighted average diluted common shares outstanding
311 311
Diluted earnings per share - continuing operations $1.65 $1.74
Adjusted diluted earnings per share - continuing operations $1.82 $1.92
*The sum of the individual components may not equal the total due to rounding
We have presented forecasted Adjusted Net Income and forecasted Adjusted Diluted Earnings per Share from Continuing
Operations in our financial guidance. Refer to the discussion of Adjusted Net Income and Adjusted Diluted Earnings per
Share for details on the calculation of these non-GAAP financial measures. In the calculation of forecasted Adjusted Net
Income and forecasted Adjusted Diluted Earnings per Share from Continuing Operations, we included estimates of income
from continuing operations and amortization of acquired intangibles for the full fiscal year 2017 and the related tax effect;
we included for all other components the amounts incurred as of March 31, 2017.