Unrivalled scale and scope in South Africa and a growing international presence, representing the most respected global vehicle brands and employing more than 18 300 people.

Key investment highlights

  • Diversified (non-manufacturing) service provider in the automotive sector with a leading position in South Africa and selected international presence in the United Kingdom (UK) and Australia.
  • Unique fully integrated business model across the automotive value chain: Import and Distribution, Retail and Rental, Motor-Related Financial Services, and Aftermarket Parts supplier.
  • Unrivalled scale in South Africa underpins a differentiated value proposition to original equipment manufacturers (OEMs), customers and business partners, providing multiple customer touch points that support resilience and customer loyalty through the entire vehicle ownership cycle.
 
  • Access to annuity income streams, sustainable free cash flow generation with best-in-class earnings and return on invested capital exceeding weighted average cost of capital (WACC), providing a platform for an attractive dividend yield.
  • Defined organic growth trajectory through portfolio optimisation, continuous operational enhancements and innovation, with a selected acquisition growth strategy outside South Africa leveraging best-in-class expertise.
  • Highly experienced management team with deep industry knowledge of regional and global markets, and a proven track record with years of collective experience.

Diversified service provider in the automotive sector…

Vehicle Import and Distribution
  
Vehicle Retail and Rental
  
Aftermarket Parts
  
Motor-Related Financial Services
  • Exclusive RSA importer of Hyundai, Kia, Renault and Mitsubishi
  • Over 80 000 vehicles imported annually
  • Nissan distributorships in four African countries.
  
  • RSA:
    • Represents 23 OEMs through 356 vehicle dealerships including 104 pre-owned, 232 passenger dealerships and 20 commercial vehicle dealerships
    • 118 Europcar and Tempest car rental outlets in SA and 16 in Southern Africa
  • UK 84 commercial and 28 passenger dealerships
  • Australia 30 passenger dealerships.
  
  • Distributor, wholesaler and retailer of accessories and parts for older vehicles through:
    • 35 owned branches
    • 43 retailed owned stores
    • network of 720 franchised outlets comprising of both retail and specialist workshops
  
  • Markets and administers service, maintenance and warranty plans, and other value-added products (over 730 000 clients)
  • Develops and distributes innovative vehicle-related financial products and services through dealer and vehicle finance channels, online and a national call centre
  • Provider of fleet management services
  • Deploys an innovation hub.

…with a unique business model that unlocks all revenue and profit streams for every vehicle sold.

Revenue*
R77,7bn

Revenue: R77,7bn

Operating profit*
R3,6bn

Operating profit: 3,6bn
 

Operating margin
4,6%

Net debt/equity ratio
50%

ROIC vs WACC
13,0% vs 10,4%

  • Vehicle Import and Distribution
  • Vehicle Retail and Rental
  • Motor-Related Financial Services
  • Aftermarket Parts

* Excludes head office and eliminations. Revenue percentage splits based on external revenue, excluding businesses held for sale.