Bapcor (BAP) investor relations material

Opening remarks and agenda

• Hybrid meeting opened after quorum confirmation; shareholders could attend in person or online, submit questions and vote.

• Valid proxies covered ~439 million ordinary shares, ~65% of issued capital; the Chair intended to vote undirected proxies in favor of each resolution.

• Agenda included FY26 reports, director elections, remuneration and CEO incentive-related resolutions; Traditional Custodians and First Nations connections were acknowledged.

Financial performance review

• FY26 revenue was AUD 1.9bn, down 1.8%; underlying NPAT was AUD 10.8m, down 85.0%, while statutory net loss was AUD 431.6m, including AUD 442.4m of post-tax significant items.

• FY26 EBITDA exceeded May 2026 guidance; cash conversion improved to 109.4%, with H2 working-capital initiatives delivering AUD 68.5m in cash-flow benefit.

• Net debt fell to AUD 135m at 30 June 2026 after an AUD 200m equity raising and working-capital improvements, then declined a further AUD 19m to AUD 116m at 30 September, primarily on operating cash flow.

• Q1 FY27 group like-for-like sales rose 0.5% on a constant-currency basis; trade and retail gross margin percentages improved year on year.

Board and executive committee updates

• Lachlan Edwards became Chair in November 2025; CEO and Chair roles were split, and Chris Wilesmith was appointed CEO and MD in December 2025, commencing in January 2026.

• Board renewal included Annette Carey, Patria Mann and Lachlan Edwards joining in October 2025; Andrew Fraser joined the board on 1 July 2026.

• Leadership appointments included Craig Magill, Rebekah Newman, Angus McDonald, Guy Nicholls and Steve Gardner across trade, people and culture, operations, commercial vehicles and retail.

• Senior leadership changes strengthened aftermarket, operational, people, finance and digital capabilities; vacancies fell to less than half their earlier level and staff turnover to below 33%.