CAR Group (CAR) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land owners and a welcome to both in-person and online attendees.

• Quorum confirmed, notice of meeting taken as read, and procedures for questions and voting explained for both physical and virtual participants.

• Voting conducted by poll, with instructions for both online and in-person voting, and proxy voting procedures outlined.

• Meeting agenda included FY25 highlights, financial performance review, and FY26 strategic focus.

Board and executive committee updates

• Introduction of new CEO William Elliott, who transitioned smoothly into the role after 10 years with the company.

• Board members and their committee roles introduced, including recent appointments and retirements.

• Acknowledgment of Kim Anderson's retirement after 15 years of service.

Financial performance review

• Proforma revenue reached $1,144m, up 12% in constant currency, with reported revenue at $1,184m.

• Proforma EBITDA was $641m, up 12% in constant currency, with a 56% EBITDA margin.

• Adjusted NPAT grew 11% to $377m, and adjusted EPS was 99.8c.

• Cash flow conversion was strong at 98%, and leverage ratio remained prudent at 1.7x.

• All regions—Australia, North America, Latin America, and Asia—reported double-digit revenue growth.