Key investment highlights

• Diversified (non-manufacturing) business in the automotive sector with a leading position in South Africa, a selected international presence primarily in the United Kingdom (UK) and Australia, as well as 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 touchpoints supporting resilience and customer loyalty through the entire vehicle ownership cycle.
• High free cash flow generation underpinned by annuity income streams in the 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.
• 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 and agile 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.