Vertu Motors (VTU) Full Year 2023 results presentation - May 2023

Vertu Motors CEO, Robert Forrester and CFO, Karen Anderson present final results for the year ended 28 February 2023, followed by Q&A. A strong operational performance with excellent cash generation, a major acquisition of Helston Garages which has integrated well and strong current trading. Robert Forrester, CEO 00:16 - Introduction 02:18 - FY23 Highlights Karen Anderson, CFO 03:46 - Financial KPI's 04:36 - Income statement 05:29 - Profit bridge 6:00 - Cost management 07:48 - Balance sheet 08:56 - Cashflow 10:08 - Capital allocation Robert Forrester, CEO 12:50 - Sales performance 19:08 - Group Strategy 19:52 - ESG 22:54 - FY23 Strategic highlights 28:52 - Current trading & outlook 31:01 - Summary 31:42 - Q&A Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu and Macklin Motors brand names. Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group. The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 185 franchised sales outlets and 4 non-franchised sales operations from 141 locations across the UK. Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".