Diversified (non-manufacturing) business in the automotive sector with a leading position in South Africa and selected international presence mainly in the United Kingdom (“UK”) and Australia and a limited presence in South East Asia and Southern and East Africa.
Fully integrated business model across the vehicle value chain: Import and Distribution, Retail and Rental, Financial Services and Aftermarket Parts.
Unrivalled scale in South Africa underpins a differentiated value proposition to Original Equipment Manufacturers (“OEMs”), suppliers, customers and business partners, providing multiple customer touch points supporting resilience and customer loyalty through the entire vehicle ownership cycle.
High free cash flow generation underpinned by annuity income streams in our Financial Services business.
Income streams not directly dependent on new vehicle sales: Parts and services in the dealerships, the Aftermarket Parts business selling parts and accessories and the Financial Services business selling value-added products and services to customers other than new vehicle buyers.
Defined organic growth trajectory through portfolio optimisation, continuous operational enhancements and innovation, with a selective acquisition growth strategy in and outside South Africa leveraging best-in-class expertise.
Highly experienced management team, with deep industry knowledge of regional and global markets and a proven track record with years of collective experience, with an independent and diversified board.