Bapcor Ltd
ASX:BAP

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Bapcor Ltd Logo
Bapcor Ltd
ASX:BAP
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Price: 2.14 AUD 1.66% Market Closed
Market Cap: 726.3m AUD

Bapcor Ltd
Investor Relations

Bapcor Ltd. engages in the sale and distribution of motor vehicle parts and accessories, automotive equipment and services, and motor vehicle servicing. The company is headquartered in Melbourne, Victoria. The company went IPO on 2014-04-24. The firm is focused on the selling and distribution of vehicle parts, accessories, automotive equipment, services and solutions. The firm operates through four segments: Bapcor Trade, Bapcor New Zealand (Bapcor NZ), Bapcor Specialist Wholesale, and Bapcor Retail. Its Bapcor Trade segments include trade-focused automotive aftermarket parts distribution to independent and chain mechanic workshops. Its Bapcor NZ consists of trade and specialist wholesale businesses based in New Zealand. Its Bapcor Specialist Wholesale segment consists of operations that specialize in automotive aftermarket wholesale. The company includes the operations of AAD, Baxters, Bearing Wholesalers, MTQ Engine Systems, Roadsafe, Diesel Distributors, and others. The Bapcor Retail segment consists of business units that are retail customer focused and include the Autobarn, Autopro, Sprint Auto Parts brands.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Feb 25, 2025
AI Summary
Q2 2025

NPAT Decline: Pro-forma NPAT fell 15.2% year-on-year, mainly due to underperformance in Retail and Specialist Wholesale segments.

Cost Savings Progress: Bapcor expects to achieve cost savings at the top end of the $20 million–$30 million range by year-end, with most benefits weighted to H2.

Trade Segment Strength: Trade revenue grew 1.9% and EBITDA rose 12.3%, supported by cost efficiencies and network expansion.

Retail Weakness: Retail revenue declined 1.1%, with EBITDA down 26.1% and margins under pressure due to lower sales of discretionary categories and higher costs.

Cash Conversion: Strong cash flow conversion improved to 108.5%, enabling debt reduction of 10% and supporting a fully franked interim dividend of $0.08 per share.

Strategic Actions: Significant operational simplification underway, including warehouse closures, business integration, and focus on core Trade segment growth.

Trading Update: Early H2 trading is positive, with group revenue up 0.5% and Trade up 3.7% on a like-for-like basis.

Key Financials
Pro-forma NPAT
$45.5 million
Statutory NPAT
$40.8 million
Revenue
$987.8 million
Gross Margin Dollars
$463.2 million
Cost of Doing Business
$330.8 million
Depreciation
$49.2 million
Operating Cash Flow
$143.7 million
Cash Conversion
108.5%
Net Debt
$304.5 million
Leverage Ratio
1.65x
Interim Dividend per Share
$0.08
Dividend Payout Ratio
60%
Trade Revenue Growth
1.9%
Trade EBITDA Growth
12.3%
Retail Revenue Change
-1.1%
Retail EBITDA Change
-26.1%
Retail EBITDA Margin Change
-380 bps
Specialist Wholesale EBITDA Change
-6.2%
Specialist Wholesale Margin Change
-98 bps
NZ EBITDA Growth (NZD)
4.8%
NZ EBITDA Growth (AUD)
2.5%
NZ EBITDA Margin
16.9%
Autobarn Loyalty Program Members
1.4 million
Cost Savings Achieved (H1)
$12 million
IT Investment (H1)
$11 million
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. George Saoud BCom (CoOp), CA, CSA, MFin FINSIA
Chief Financial Officer
No Bio Available
Mr. Morris Lieberman
Chief Technology Officer
No Bio Available
Mr. George Sakoufakis B.Com., L.L.B.
Company Secretary & General Counsel
No Bio Available
Ms. Merryl Dooley
Chief People & Culture Officer
No Bio Available
Mr. Kristoff Keele
Chief Strategy Officer & (Interim) Executive GM of Specialist Networks
No Bio Available

Contacts

Address
VICTORIA
Melbourne
61 Gower Street, Preston
Contacts
+61384707300.0
www.bapcor.com.au