Bapcor (BAP) Company Presentation summary

Business overview and market position

• Bapcor operates across trade, retail, specialist networks, and New Zealand, generating $2.0B in FY24 revenue from 993 locations.

• Serves generalist and specialist mechanics, truck/commercial mechanics, DIYers, and parts resellers.

• Holds a diverse portfolio of owned and third-party brands, with a strong supply chain and eCommerce platforms.

• Focuses on customer-centricity, safety, and sustainable growth as core values.

• Recognized as Asia Pacific's leading provider of vehicle parts, accessories, equipment, service, and solutions.

Market trends and growth drivers

• Australian vehicle parc expected to grow ~2% p.a. (CY25–28); New Zealand ~1% p.a., driven by population growth.

• Average vehicle age remains high (Australia: 11 years, NZ: 14 years), supporting steady aftermarket demand.

• Aftermarket parts demand rising as vehicles move out of warranty and consumers seek cost-effective solutions.

• Low penetration of BEVs and PHEVs, with ICE vehicles still dominating the market.

• Price growth influenced by raw material costs and vehicle complexity.

Strategic priorities and growth initiatives

• Six strategic imperatives: network optimization, supply chain integration, customer focus, digitalization, store fitness, and business simplification.

• On track to deliver $20M–$30M in FY25 savings through simplification and consolidation.

• Plans to consolidate underperforming stores, leverage automated DCs, and experiment with micro-fulfilment centers.

• Expanding eCommerce and digital platforms across business units to reduce friction and enhance customer experience.

• Focused on growing own brands, strengthening loyalty programs, and maximizing customer lifetime value.