Eagers Automotive (APE) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with a quorum present, attended by directors, executives, auditors, and special guests, and held in a hybrid format for both in-person and online participation.

• Procedures for questions and voting were outlined, with voting conducted by poll and facilitated for both in-person and online attendees.

• Chairman and CEO addresses were referenced, with links provided for full texts.

• The agenda included director re-elections, remuneration, fee cap increase, and CEO long-term incentive.

Financial performance review

• Achieved record full-year revenue of AUD 11.2 billion for 2024, a 13.6% increase over 2023, with strong contributions from organic growth and acquisitions.

• Underlying operating profit before tax was AUD 371.2 million; statutory profit before tax was AUD 335.6 million.

• Record EBITDAI (excluding impairment) of AUD 550.4 million, demonstrating business health despite high interest rates.

• Maintained a strong balance sheet with significant property holdings and low gearing (1.15 as of April), with over AUD 900 million in undrawn facilities.

• Return on sales (underlying) was 3.3%; available liquidity was AUD 773.9 million; owned property was AUD 885.4 million.

Board and executive committee updates

• Dan Ryan was acknowledged for over 15 years of service as a director, retiring at the conclusion of the meeting.

• Greg Duncan was re-elected as director with strong shareholder support, and his experience was highlighted.

• Executive team roles and key personnel were outlined.