Slides
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Keith Thornton I Chief Executive Officer Sophie Moore I Chief Financial Officer HY 2026 Results 27 th August 2026
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Overview Financial Results Business Performance Strategic Initiatives Outlook Q&A 1 2 3 4 5 6
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Overview • 1 1
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Page 4 of 42 | Eagers Automotive | 1H 2026 Results Record performance: positioned for continued growth Record performance: positioned for continued growth Strong revenue growth, preserved margins & EPS growth, with balance sheet capacity for next growth phase ACHIEVED RECORD REVENUE GROWTH +24. 0 % 1H 26 turnover growth of $1. 6 bn, including CanadaOne Auto . WHILE MAINTAINING MARGIN PERFORMANCE 3.1% ROS Up from 3.0% in 1H25 . CONTINUE TO HAVE CAPACITY TO GROW STRONG Balance sheet and credit metrics provide capacity for future growth. TRACK RECORD OF LONG - TERM EPS GROWTH + 22 % Pro forma (2) EPS growth including 12 months of CanadaOne Auto earnings on LTM Jun25. A TRACK RECORD OF GROWTH PROFORMA REVENUE ( ¹ ) ($BN) PROFORMA EPS (2) (CENTS) GROWTH WITH DISCIPLINE. CAPACITY FOR MORE. Delivering strong results today and building the platform for tomorrow. (1) Revenue presented on a continuing operations basis. (2) Pro forma EPS includes 12 months of CanadaOne Auto earnings from 1 July 2025 to 30 June 2026 (unaudited) . 4 0 5 10 15 3.8 FY16 4.1 FY17 4.1 FY18 5.8 FY19 8.7 FY20 8.7 FY21 8.5 FY22 9.9 FY23 11.2 FY24 13.0 FY25 48.9 43.7 44.9 31.5 51.4 108.8 105.1 112.4 91.9 100.7 0 100 200 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 ANZ turnover is up $0.5bn or 8.0% on 1H25 . LFL return on sales remains static at 3.0%. 94.0 114.9 0 100 200 LTM Jun25 LTM Jun26 (2) +22% 12.2 19.0 0 20 LTM Jun25 LTM Jun26
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Page 5 of 42 | Eagers Automotive | 1H 2026 Results Eagers Group delivers strong financial highlights for HY 2026 Eagers Group delivers strong financial highlights for HY 2026 5 (1) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 ( 1H26 ) and 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors . HY26 Statutory PBT Underlying 1 Operating PBT Available Liquidity Return on Sales (Underlying) Corporate Debt Net of Cash HY25 Movement ANZ: $1,777.3m CA: $833.6m Group: $2,610.9m ANZ: 3.0 % CA: 4.2% Group: 3.1% ANZ: $ 95.3 m CA: $579.6m Group: $674.9m ANZ: $207.2m CA: $43.2m Group: $250.4m ANZ: $ 202.7 m 1 CA: $40.4m Group: $243.1m $1,077.9m 3.0 % $ 474.2 m $ 197.7 m $ 193.4 m Up 0.1% Up $ 200.7 m or 42.3% Up $49.7m or 25.7% Up $ 52.6 m or 26.6 % Up $ 1,533.0 m or 142.2 % Revenue ANZ: $7.0bn CA: $1.0 bn Group: $8.1bn $6.5bn Up $1. 6 bn or 24.0% New Car Deliveries ANZ: 102.4k CA: 9.5 k Group: 111.9k 88.2k Up 23.7k or 26.8 %
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Page 6 of 42 | Eagers Automotive | 1H 2026 Results Our culture enables consistent execution 6 Our culture turns strategy into action and drives superior long - term performance. CULTURE › CONSISTENT EXECUTION › SUPERIOR LONG-TERM PERFORMANCE Culture isn’t an end in itself. It’s how Eagers consistently delivers superior long - term performance. CULTURE A strong culture of integrity, ownership and agility. ↓ PEOPLE Attract, develop and retain high - performing teams. ↓ EXECUTION Disciplined processes and operational excellence. ↓ CUSTOMER OUTCOMES Better experiences, trust and lifetime value. ↓ SHAREHOLDER RETURNS Sustainable earnings growth and superior long - term returns. CULTURE DRIVES PERFORMANCE SUCCESSFUL INTEGRATION Proven track record of integrating acquisitions and unlocking value. OPERATIONAL DISCIPLINE Continuous improvement mindset driving relentless optimisation. STAKEHOLDER TRUST Focus on trust, experience and long - term customer value. LONG - TERM SHAREHOLDER RETURNS Delivering sustainable earnings growth and superior long - term returns. CULTURE IN ACTION
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Page 7 of 42 | Eagers Automotive | 1H 2026 Results Canada: our second significant step change Canada: our second significant step change Building on the national scale established in 2019 to create a global automotive services platform. TWO SIGNIFICANT STEP CHANGES. ONE CLEAR AMBITION. Building one of the world’s leading automotive services groups. 7 STEP CHANGE 1: NATIONAL SCALE ESTABLISHED STEP CHANGE 2: GLOBAL PLATFORM ESTABLISHED 2019 TODAY + + Australia’s leading integrated automotive retail group. Leading automotive services positions across Australia and Canada. → DELIVERED CREATES Geographic diversification Larger addressable market Enhanced acquisition platform International capabilities Diversified earnings base Greater scale and capability Market leadership Platform for future growth WHY THIS MATTERS A STRONGER, MORE DIVERSIFIED BUSINESS A second core market with complementary automotive retail and services operations. LONG - TERM GROWTH PLATFORM Creates additional opportunities for organic growth and future acquisitions. GREATER RESILIENCE Diversifies earnings, capabilities and exposure across two leading automotive markets. BUILDING ON A PROVEN STRATEGY The next step in the successful acquisition - led growth strategy established through the AHG merger.
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Page 8 of 42 | Eagers Automotive | 1H 2026 Results Contribution from CanadaOne in line with our expectations… Contribution from CanadaOne in line with our expectations… 8 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt ANZ 7.0 6.5 8.0% 305.7 296.7 3.0% 207.2 197.7 4.8% 3.0% 3.0% - CA 1.0 - - 58.8 - - 43.2 - - 4.2% - - Eagers Group 8.1 6.5 24.0% 364.6 296.7 22.9% 250.4 197.7 26.6% 3.1% 3.0% 0.1% 48.3 48.0 0.5% 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt ANZ 13.6 12.2 11.0% 629.9 581.2 8.4% 433.5 386.3 12.2% 3.2% 3.2% - CA 1.0 - - 58.8 - - 43.2 - - 4.2% - - Eagers Group 14.6 12.2 19.4% 688.8 581.2 18.5% 476.8 386.3 23.4% 3.3% 3.2% 0.1% 100.8 94.0 7.2% Turnover ($’B) Underlying (1) EBITDA ($’M) Underlying (1) PBT ($’M) Underlying (1) ROS (%) Underlying (1) EPS (CPS) HALF YEAR LAST TWELVE MONTHS 2 (1) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 ( 1H26 ) and 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors . (2) Represents the period 1 July 2024 to 30 June 2025 and 1 July 2025 to 30 June 2026 respectively.
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Page 9 of 42 | Eagers Automotive | 1H 2026 Results Turnover ($’B) Underlying (1) EBITDA ($’M) Underlying (1) PBT ($’M) Underlying (1) ROS (%) Underlying (1) EPS (CPS) …underpinning our confidence in our second significant step change …underpinning our confidence in our second significant step change 9 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt ANZ 13.6 12.2 11.0% 629.9 581.2 8.4% 433.5 386.3 12.2% 3.2% 3.2% - CA 1.0 - - 58.8 - - 43.2 - - 4.2% - - Eagers Group 14.6 12.2 19.4% 688.8 581.2 18.5% 476.8 386.3 23.4% 3.3% 3.2% 0.1% 100.8 94.0 7.2% 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt 2026 2025 Mvmt ANZ 13.6 12.2 11.0% 629.9 581.2 8.4% 433.6 386.3 12.2% 3.2% 3.2% - CA 5.5 - - 308.4 - - 218.9 - - 4.0% - - Eagers Group 19.0 12.2 55.8% 938.3 581.2 61.4% 652.5 386.3 68.9% 3.4% 3.2% 0.2% 114.9 94.0 22.2% PROFORMA LAST TWELVE MONTHS 3 LAST TWELVE MONTHS 2 (1) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 ( 1H26 ) and 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors . (2) Represents the period 1 July 2024 to 30 June 2025 and 1 July 2025 to 30 June 2026 respectively. (3) Pro forma includes 12 months of CanadaOne earnings from 1 July 2025 to 30 June 2026 (unaudited).
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Financial Results 2
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Page 11 of 42 | Eagers Automotive | 1H 2026 Results $ Million HY24 HY25 HY26 Mvmnt $ or (%) Mvmnt (%) Underlying Operating Results Revenue from continuing operations 5,464.2 6,496.7 8,053.5 1,556.8 24.0% Underlying operating EBITDAI from continuing operations ( 1) 265.9 296.7 364.6 67.9 22.9% Underlying operating EBITDAI margin ( 1) 4.9% 4.6% 4.5% (0.1%) (1.6%) Underlying operating PBT from continuing operations ( 1) 182.5 197.7 250.4 52.7 26.6% Specific items reported below underlying operating PBT ( 1) (1.2) (4.3) (7.3) (3.0) 68.9% Statutory Results Revenue from continuing operations 5,464.2 6,496.7 8,053.5 1,556.8 24.0% Statutory operating EBITDAI from continuing operations 335.2 366.7 435.1 68.4 18.7% Statutory profit before tax from continuing operations 181.3 193.4 243.1 49.7 25.7% Statutory profit after tax from continuing operations 123.4 134.2 165.2 31.0 23.1% S ummary Group P&L HY 2026 Key Takeaways Record Turnover with balanced contribution across organic growth and acquisitions Resilient Margins continue to outperform industry averages Record EBITDAI benefitting from scale and efficiency on our cost base Specific items relate to business acquisition costs and integration activities 11 (1) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 ( 1H26 ) and 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors .
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Page 12 of 42 | Eagers Automotive | 1H 2026 Results $ Million FY2 1 FY2 2 FY2 3 FY2 4 FY2 5 HY26 Consolidated ANZ & CA Cash 197.6 190.4 222.2 183.7 456.7 1,165.2 Net Debt 128.4 253.5 262.7 813.1 100.0 674.9 Property 1 467.0 607.6 597.9 885.4 899.9 1,623.3 Available Liquidity 733.1 631.1 620.3 773.9 1,787.9 2,610.9 Gearing 2 0.28 0.54 0.48 1.48 0 . 1 8 0.72 $ Million FY23 FY24 FY25 HY26 Consolidated ANZ & CA Cash on hand 222.2 183.7 456.7 1,165.2 Syndicated debt (124.6) (396.3) - (841.3) Syndicated cash, net of debt 97.6 (212.6) 456.7 323.9 Property owned (incl. CWIP) 1 597.9 885.4 899.9 1,623.3 Property backed debt 3 (360.4) (600.5) (556.7) (998.8) Property equity 237.5 284.9 343.2 624.5 Balance Sheet Strength (1) Owned property includes construction in progress – at cost (2) Ratios may vary with bank covenant definitions. HY26 Gearing includes last twelve months worth of EBITDA contributions from CanadaOne. (3) Property backed debt is referred to as Captive Debt. Capital Allocation Framework Strong balance sheet enables balanced capital management 1 Invest in the business Capex and proprietary technology investment to drive organic growth 3 Property Property backed balance sheet accelerating business transformation 2 Value Accretive M&A Disciplined approach to M&A with clear strategic execution 4 Shareholder Returns Rewarding shareholders with dividends and buybacks 12
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• 3 Australia & New Zealand Performance 3
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Page 14 of 42 | Eagers Automotive | 1H 2026 Results Resilient new vehicle market in which Eagers is winning the trend… Australian New Vehicle Market (1) FY 2019 to June 2026 Key Takeaways 14 0.554 0.442 0.567 0.538 0.582 0.632 0.624 0.632 0.508 0.475 0.482 0.544 0.635 0.604 0.617 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 2019 2020 2021 2022 2023 2024 2025 2026 1.063 0.917 1.050 1.081 1.217 1.236 1.241 New Units Sales ($’m)( 1) 2H 1H 140k June 2026 an all time monthly record Eagers reported AU new vehicle market share January 2010 to June 202 6 4.0% 5.0% 11.0% 13.9% 15.9% 0.0% 8.0% 16.0% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 HY26 CAGR +9% AU Market evolution since 2020 (1) AU VFACTS FY20 FY24 FY25 HY26 BEV 0.2% 7.3% 8.3% 16.4% PHEV 0.2% 1.9% 4.3% 8.6% NEV 0.4% 8.1% 12.6% 25.0% ICE 93.2% 76.7% 71.3% 58.4% Hybrid 6.4% 14.1% 16.0% 16.6% Total 100% 100% 100% 100% Eagers reported AU NEV sales January 20 20 to June 2026 17.9% Market share for the month of June 2026 0 20,000 40,000 60,000 FY20 FY21 FY22 FY23 FY24 FY25 1H26 NEV Sales 2H NEV Sales 1H (1) Source: VFACTS and the Electric Vehicle Council.
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Page 15 of 43 | Eagers Automotive | FY 2025 Results Page 15 of 43 | Eagers Automotive | 1H 2026 Results 11.6% Record low Costs before interest & depreciation at historic lows relative to turnover Whilst optimising our business model…. Whilst optimising our business model…. FY19 FY25 HY26 Mvmt vs FY19 Mvmt vs FY25 Owned Property Portfolio ($’m) 267 900 929 +248% +3% LFL Leases Exited (#) (1) - 110 117 +117 +7 LFL Headcount (#) (1) 7,626 6,103 6,066 (20.5%) (0.6%) Cost base before interest & depreciation (%) 14.2% 12.1% 11.6% (19%) (4%) Underlying (2) ROS (%) 1.7% 3.3% 3.0% +1.3% (0.3%) Productivity ($’000/ Headcount) 909 1,480 1,584 +74% +7% 15 AHG Merger 13.5% FY13 14.0% FY14 13.2% FY18 14.2% FY19 14.3% FY20 13.5% FY21 13.7% FY22 13.2% FY16 13.0% FY24 12.1% FY25 11.6% 13.5% HY26 FY17 13.7% FY15 13.9% FY23 Growing scale Optimising margin Executing clear long - term strategy Underlying (2) cost base margin before interest and depreciation (1) LFL excludes all acquisitions, divestments and greenfield operations since 2019 to represent a like - for - like business model maturation (2) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 (1H26) and 37 (comparative financial information) of this Investor Presentation. Un derlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors .
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Page 16 of 42 | Eagers Automotive | 1H 2026 Results Resulting in an industry leading return on sales operating model. Resulting in an industry leading return on sales operating model. Underlying ROS Half on half comparison 16 + = ~ 16 % 1 INDUSTRY GROSS MARGIN Weighted by front - end / back - end mix How Industry Gross Margin Works Industry gross margin is a mix between front end and back end. FRONT END High - v alue vehicle transactions BACK END Higher - margin aftersales Portfolio mix driving movement on ANZ Gross Margin Core LFL GM improved +0.8%, while consolidated GM reflects business mix. Lower gross margin opportunity due to limited Service & Parts operations NEW 10 % Gross Margin (1) USED 10 % Gross Margin (1) FICC 75% Gross Margin (1) PARTS 2 2 % Gross Margin (1) SERVICE 6 5 % Gross Margin (1) OTHER 75% Gross Margin (1) 18.5% 19.3% 17.1% 15.1% 10.1% 12.9% 15.9% Underlying Core LFL HY25 (1) Underlying Core LFL HY26 (1) 2.2% Acquisitions 4.2% Greenfield Retail Joint Venture Independent Used Underlying YTD26 +0.8% Upside GM Underlying (1) Return on Sales Half - on - half comparison % 1H25 1H26 Mvmt APE Underlying 3.0% 3.0% - APE Underlying Core LFL 3.5% 3.3% (5.7%) Industry average 1.4% 0.7% (50.0%) Return on Sales 2021 2022 2023 2024 2025 HY26 APE Delta to Industry Avg 0.7% 0.6% 1.5% 1.6% 2.1% 2.3% 4.6% 4.7% 4.4% 3.3% 3.3% 3.0% 3.5% 3.3% 3.0% 3.9% 4.1% 2.9% 2.2% 1.3% 1.7% 1.4% 1.0% 1.2% 0.7% FY21 FY22 FY23 3.3% 1H24 2H24 FY24 1H25 2H25 FY25 1H26 ROS % Industry Benchmark / average +2. 3 % ROS outperformance vs industry avg Up from +1.0% pre - COVID (1) Gross Margin benchmark figures are based on indicative industry benchmarks. (2) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 (1H26) an d 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors . (3) I
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Canada Performance 3
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Page 18 of 42 | Eagers Automotive | 1H 2026 Results Baytowne Hyundai, Barrie, Ontario Expanding our growth platformContribution to Eagers Group HY26 Results Expanding our growth platform Contribution to Eagers Group HY26 Results Sherwood Part Toyota, Alberta 18 Underlying Performance (1) 2 - months ended 30 June 2026 $1,036.1m Turnover $43.2m Underlying PBT 4.2% Underlying PBT 9.5k New Units Sold ~2.5% Market Share 9.1k Used Units Sold ▪ Strong initial contribution following completion, delivering approximately A$1.036.1 million of turnover and A$43 million of underlying PBT during the two - month ownership period – in line with acquisition expectations. ▪ Outperformed the broader Canadian automotive market, supported by market share gains, a strong OEM portfolio and resilient aftersales performance. ▪ New and used vehicle sales volumes in June highlight the strength and scalability of the CanadaOne Auto operating platform. ▪ Positive trading outlook for the second half, including upside in supply from key OEM partners Key Highlights (1) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 ( 1H26 ) and 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors .
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Page 19 of 42 | Eagers Automotive | 1H 2026 Results Significant runway for growth in North American market Significant runway for growth in North American market 19 A leading position in Canada provides a scalable platform with significant expansion opportunity across North America. 48,000 Units retailed (FY2025) 42 Locations 2.5% National market share ( ¹ ) 5 Provinces One of Canada’s leading automotive retail platforms with scale, brand recognition and proven capability. LARGER ADDRESSABLE MARKET Access to the North American new vehicle market of 18.6 millio n units annually. PLATFORM FOR EXPANSION A scalable operating model with the capability to expand beyond Canada. FUTURE OPTIONALITY Opportunity to introduce additional Eagers capabilities and consumer brands, including easyauto123, F &I and adjacent services. A PROVEN CANADIAN PLATFORM. A SCALABLE NORTH AMERICAN OPPORTUNITY. PROVEN PLATFORM IN CANADA WHY THIS MATTERS STRATEGIC FOOTPRINT TODAY 1)Market share estimated based on provincial new - vehicle sales reported in the Canadian Automobile Dealers Association (CADA) 20 24 annual report, with figures extrapolated to reflect 2025 market volumes (2) Data obtained from https://www.marklines.com/en/?rf=pt (2)
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• 4 Strategic Initiatives 4
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Page 21 of 42 | Eagers Automotive | 1H 2026 Results Defining our capital allocation strategy 21 1 Reshape The Portfolio Actively Manage In A Changing Market. 2 Capital Follows Returns Prioritise Capital Toward Higher - return Opportunities. 3 Scale In Canada Invest In A Market With Structural Growth And Higher Returns. Industry transition driving disruption within specific segments High Low M A R K E T I M P A C T OUR FOCUS CONSOLIDATE Simplify and improve efficiency. RATIONALISE Exit or right - size lower - return areas. EVOLVE Invest to lift performance where we compete. Stronger core. Higher returns. Greater capacity. We deploy capital where returns are strongest and value is compounding. Canada: A Structural Growth Runway >30 % Higher revenue contribution per new vehicle delivered ( ¹ ) +58% Larger new vehicle market (¹) The Upside Of Closing The Gap To Australian - equivalent Share 2 .5 % Current market share in Canada 7.3 % M arket share opportunity to match Australian turnover (1) Average revenue contribution per new vehicle retailed per annum based on Eagers Automotive and CanadaOne Auto. CAPITAL DISCIPLINE DISCIPLINED TODAY. POSITIONED FOR LONG - TERM VALUE CREATION. Core Impact Zone Auction Used New entry New Mainstream New Premium Luxury Super Luxury Increase Neutral Decrease Australia Canada 1.2 bn Australia 1.9 bn Canada
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Page 22 of 42 | Eagers Automotive | 1H 2026 Results Joint Venture formation with Grand Motors Group 22 A 49% strategic partnership investment in a scaled, multi - brand dealership group across Sydney and the Gold Coast. PLATFORM SCALE ~$490m Estimated annual Turnover (¹) ~6,100 New unit sales p.a. 6 Leading brand partners 11 Operating locations BRAND PORTFOLIO Volume + premium (1) Based on full year 2025 audited turnover. A scaled platform with meaningful exposure to premium and volume brands 49% INVESTMENT 11 LOCATIONS SYDNEY + GOLD COAST
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Page 23 of 42 | Eagers Automotive | 1H 2026 Results 23 Expanding the premium footprint in Melbourne Acquisition of Audi Centre Melbourne and Audi Richmond A targeted expansion into two established metropolitan locations Audi Centre Melbourne | Audi Richmond ~$140m Estimated annual turnover (1) ~1,100 New vehicle sales p.a. MELBOURNE CITY RICHMOND PREMIUM GROWTH (1) Based on full year 2025 audited turnover.
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Page 24 of 42 | Eagers Automotive | 1H 2026 Results Capital management discipline 24 Re - allocation of capital to compelling opportunities RETAIN & GROW NZ Franchised Automotive easyauto123 New Zealand 9 retail and service locations 7 brands ~$325m turnover Expected settlement 4Q 2026 3 retail sites Auckland + Christchurch Scalable independent used car platform Continued presence in New Zealand Releases capital and simplifies the portfolio Preserves strategic growth platform ◎ Simplifies the New Zealand portfolio and reallocates capital to higher - return opportunities. DIVEST easyauto123 x2 retail sites in Auckland, x1 site in Christchurch Franchised Automotive 9 retail and service locations in Auckland
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Page 25 of 42 | Eagers Automotive | 1H 2026 Results Subscribe We continue to invest in the eco - system 25 Integrated mobility ecosystem Sell Buy Finance Insure Service Car Care Tyres EV Charge Valet Fleet Concept Identified Under Development with further upside Operationalised with further upside Progress Update ▪ Exposure to a growing segment in the mobility sector for customers seeking flexible, low - commitment access to new vehicles ▪ Opportunity for Point of Sale subscription to new & used vehicles leveraging Karmo’s digital - first platform ▪ Key enabler for Eagers’ Franchised Automotive new vehicle sales volumes via on - subscription new vehicles ▪ Key accelerator of easyauto123 volume via off - subscription used cars ▪ Channel for OEMs to managing product mix to balance NVES obligations >3,400 Active Subscriptions 250+ Vehicle Models 35+ OEM’s 2019 established Eagers Automotive to acquire a 17.5% minority stake in Australia’s largest vehicle subscription business.
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Page 26 of 42 | Eagers Automotive | 1H26 Results Independent Used
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Page 27 of 42 | Eagers Automotive | 1H 2026 Results Defining our capital allocation strategy 27 Portfolio breadth provides the flexibility to actively manage exposure and allocate capital toward stronger long - term returns. Disciplined capital allocation. Responding where value is moving. CONSOLIDATION Build scale in markets where we can create greater value. RATIONALISATION Actively manage portfolio exposure as market dynamics change. EVOLUTION Position the portfolio for emerging growth opportunities. Focused on stronger long - term returns. HIGH MARKET IMPACT LOW USED VEHICLE MARKET 3x THE SIZE OF NEW VEHICLE MARKET (1) NEW VEHICLE MARKET CORE IMPACT ZONE Greatest structural change and disruption PORTFOLIO RESPONSE Decrease / Rationalise Maintain / Optimise Increase / Grow Used USED VEHICLE MARKET NEW VEHICLE MARKET PREMIUM SEGMENTS Auction Used New entry New Mainstream New Premium Luxury Super Luxury c (1) Total used vehicle market in FY24 is estimated at approximately 2.3 million used vehicle sales as reported by the AADA Annual Industry Report ( https://www.aada.asn.au/wp - content/ uploads/2025/02/2025.02.13 - Annual - AIR - 2024.pdf) and a management - estimated 1.4 million wholesale transactions.
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Page 28 of 42 | Eagers Automotive | 1H 2026 Results Record independent used result 28 EASYAUTO123 PERFORMANCE VOLUME + 30.4 % vs 1H25 REVENUE + 39.9 % vs 1H25 UNDERLYING (1) PBT + 42.9 % vs 1H25 Earnings growth is outpacing volume growth. INDEPENDENT USED PERFORMANCE easyauto123 + Carlins VOLUME UNDERLYING (1) PROFIT Profit growth continues to outpace volume growth. Independent Used includes easyauto123 and Carlins. easyauto123 Carlins (1) Underlying operating results refers to continuing operations outlined and reconciled to statutory results on slides 36 ( 1H26 ) and 37 (comparative financial information) of this Investor Presentation. Underlying operating figures are non - financial measures and have not been subject to audit by the Company’s external auditors .
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Page 29 of 42 | Eagers Automotive | 1H 2026 Results easyauto123 continues to outperform the market 29 Growing faster while improving unit economics and stock velocity. 1 GROWING FASTER Volume growth (YoY) 2 EARNING MORE Vehicle GPU growth (YoY) 3 SELLING FASTER Average days to sell used vehicles +30% easyauto123 - 6% Market (1) Outperforming the market by 36 % VEHICLE MARKET (1) VALUES ↓ 7% WHILE EASYAUTO123 VEHICLE GPU ↑ 11% easyauto123 is consistently 15 – 2 0 days faster than the market. MORE VOLUME Growing faster than the market. + MORE PROFIT PER VEHICLE Higher GPU despite falling values. + FASTER INVENTORY TURNS Structural velocity advantage. = STRONGER RETURNS (1) Market represents overall Australian used vehicle market. Source: Market data – Cox Automotive. Jan - 26 Feb - 26 Mar - 26 Apr - 26 May - 26 Jun - 26 easyauto123 Australian Market 2026 (1) Australian Market 2025 (1) ~ 34 days ~50 days ~ 53 days 15 – 20 days faster than the market
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Page 30 of 42 | Eagers Automotive | 1H 2026 Results Record performance. Clear path to a scaled category killer Building on a record FY26 result to deliver 100,000 units retailed by FY30. Strategic Initiatives To Achieve Our Goal Our Growth Journey 30 1 Grow Customer Demand Build Australia’s most trusted pre - owned automotive brand through market - leading customer experiences and digital capability. 2 Optimise Our Platform Improve efficiency, performance and scalability across our existing network and operations. 3 Expand Supply & Partnerships Strengthen sourcing capability and strategic partnerships to increase access to high - quality inventory. 4 Unlock New Growth Opportunities Pursue new channels, business models and partnerships to accelerate long - term growth. The Market Opportunity Used Vehicle Market ~$100bn Australia’s used vehicle market Our Opportunity 3X The Size Of The New Vehicle Market FY26 result Optimisation FA transition NEV Upside Fleet New partner Models FY30 Ambition 30,000 Units Retailed By FY26 10 0,000 Units Retailed By FY30 3 year ambition New vehicle Market Used Vehicle Market ~$ 30 bn ~$ 100 bn 3X (1) Total used vehicle market in FY24 is estimated at approximately 2.3 million used vehicle sales as reported by the AADA Annual Industry Report ( https://www.aada.asn.au/wp - content/ uploads/2025/02/2025.02.13 - Annual - AIR - 2024.pdf) and a management - estimated 1.4 million wholesale transactions. Consistent execution of our strategic priorities will drive momentum and deliver our 3 - year ambition.
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• 5 Outlook 5
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Page 32 of 42 | Eagers Automotive | 1H 2026 Results Short and medium term outlook Margin Optimisation Turnover Growth 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 3.2 3.8 4.1 4.1 5.8 8.7 8.7 8.5 9.9 11.2 13.0 Turnover 32 FY21 FY22 FY23 FY24 FY25 Delta to industry Incremental Growth Engines Optimisation Continued portfolio optimisation . Outperformance Our Tier 1 scale partnerships will drive outperformance. CanadaOne Canada performing strong with a positive outlook. Used easyauto123 scaling to continue. Acquisitions Completed in first half combined with well advanced strategic partnerships.
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Page 33 of 42 | Eagers Automotive | FY 2025 Results
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Page 34 of 43 | Eagers Automotive | FY 2025 Results QUESTIONS? Q&A Confidential, incomplete, preliminary and subject to verification, audit and board approval
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Appendices 6
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Page 36 of 43 | Eagers Automotive | FY 2025 Results Page 36 of 43 | Eagers Automotive | 1H 2026 Results $ MILLION HY 2026 EBITDAI Depn & Amort Interest Expense Interest Income Impairment PBT Tax Expense NPAT Underlying Operating 364.6 (28.6) (85.6) - - 250.4 (73.0) 177.4 Impairment - - - - - - - - AASB16 Lease Standard 78.0 (55.5) (23.8) 1.5 - 0.2 - 0.2 Business Acquisition, Restructure & Integration Costs (11.0) - - - - (11.0) 0.3 (10.7) Sale of Assets / Shares (0.9) - - - - (0.9) (3.1) (4.0) Miscellaneous 4.5 - - - - 4.5 (2.1) 2.3 Total Significant Items 70.5 (55.5) (23.8) 1.5 - (7.3) (4.9) (12.2) Statutory 435.1 (84.1) (109.4) 1.5 - 243.1 (77.9) 165.2 Statutory to Underlying EBITDAI & PBT – HY 2026 36
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Page 37 of 43 | Eagers Automotive | FY 2025 Results Page 37 of 43 | Eagers Automotive | 1H 2026 Results $ MILLION HY 2025 EBITDAI Depn & Amort Interest Expense Interest Income Impairment PBT Tax Expense NPAT Underlying Operating 296.7 (21.8) (77.2) - - 197.7 (59.3) 138.4 Impairment - - - AASB16 Lease Standard 74.8 (54.3) (21.6) 1.6 0.5 0.5 Business Acquisition, Divestment & Integration Costs (3.0) (3.0) 0.2 (2.9) Sale of Assets/ Shares - - - Miscellaneous (1.8) (1.8) (1.8) Total Significant Items 70.0 (54.3) (21.6) 1.6 - (4.3) 0.2 (4.2) Statutory 366.7 (76.1) (98.8) 1.6 193.4 (59.2) 134.2 Statutory to Underlying EBITDAI & PBT – HY 2025 37
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Page 38 of 42 | Eagers Automotive | 1H 2026 Results Disclaimer Disclaimer The information in this document (information) does not contain all information necessary for investment decisions, is not intended to be an offer, invitation or recommendation with respect to shares, is not financial product advice, and is intended to be general background information on Eagers Automotive Limited (EA). Investors should consult with their own professional advisers. No representation or warranty is made as to the accuracy, adequacy, reliability or completeness of the information. This document does not, and should not b e relied upon as, a promise, representation, warranty or guarantee as to the future performance of EA . This document may contain forward - looking statements, forecasts and estimates (forward - looking statements), including anticipated future performance of EA and the market in which it operates. Forward - looking statements are based on certain key expectations and assumptions of known and unknown risks, uncertainties and other factors, which are deemed reasonable when made but may or may not prove correct. Actual events are difficult to predict and may depend upon factors beyond EA’s control. Therefore, actual results may turn out to be materially different from any future results, performance or achievements expressed or implied by the forward - looking statements. Forward - looking statements only speak as of the date of this document and no representations are made as to the accuracy or fairness of such forward - looking statements. EA disclaims any obligation to update any forward - looking statements, to reflect any change in EA’s expectations with regard thereto, or any change in events, conditions or circumstances on which the statements are based. Non - IFRS information EA’s results are reported under International Financial Reporting Standards (IFRS). However, EA also uses certain measures to manage and report on its business that are not recognised under Australian Accounting Standards or IFRS. These measures are collectively referred to in this presentation as ‘non - IFRS financial measures’ under Regulatory Guide 230 ‘Disclosing non - IFRS financial information’ published by Australian Securities and Investments Commission (ASIC). Management uses these non - IFRS financial measures to evaluate the performance and profitability of the overall business for internal management reporting as it better reflects what EA considers to be its underlying performance and EA believes that they are useful for investors to understand EA’s financial condition and results of operations. The principal non - IFRS financial measure that is referred to in this presentation are Underlying Operating financial results. Management uses these and other measures to evaluate the underlying performance of EA. Unless otherwise specified, non - IFRS financial measures have not been subject to audit or review in accordance with Australian Accounting Standards. A reconciliation of Underlying Operating financial results to IFRS financial information is included in slides 3 6 ( 1H26 ) and 3 7 (comparative financial information) of this Investor Presentation. 38
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Page 39 of 42 | Eagers Automotive | 1H 2026 Results Amort is defined as amortisation BEV is defined as a battery electric vehicle CAGR is defined as compound annual growth rate Core LFL excludes all acquisitions, divestments and greenfield operations to represent core underlying business. Excludes key business acquisitions, related property and funding costs of Norris Motor Group, Alice Springs Toyota & NGP Victoria Dealership Group CPS is defined as cents per share CSI is defined as customer satisfaction index CX is defined as customer experience Depn is defined as depreciation expense EA is defined as Eagers Automotive Limited (formerly AP Eagers Limited) EBIT is defined as earnings before interest and tax EBITDA is defined as earnings before interest, tax, depreciation and amortisation EBITDA margin is defined as earnings before interest, tax, depreciation and amortization as a percentage of revenue EBITDAI is defined as earnings before interest, tax, depreciation, amortisation and impairment Definitions Non - IFRS Financial Information 39
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Page 40 of 42 | Eagers Automotive | 1H 2026 Results Definitions Non - IFRS Financial Information EBITDAI margin is calculated as EBITDAI before significant items as a percentage of revenue EPS is defined as earnings per share EV is defined as electric vehicle FA is defined as Franchised Automotive F&I is defined as Finance & Insurance FICC is defined as finance, insurance and car care Hybrid is defined as a combination of a traditional internal combustion engine (petrol or diesel) with an electric motor and battery Independent Used is defined as the combined easyauto123 and Carlins auction businesses ICE is defined as an internal combustion engine vehicle LFL excludes businesses acquired ( CanadaOne Auto Group ), non - significant greenfield sites, and businesses divested in 202 6 and 202 5 respectively LTM is last twelve months Mvmnt is defined as movement NEV is defined as new energy vehicle which includes hybrid, electric, hydrogen powered vehicles 40
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Page 41 of 42 | Eagers Automotive | 1H 2026 Results Definitions Non - IFRS Financial Information NPAT is defined as net profit after tax PAT is defined as profit after tax PBT is defined as profit before tax PBT margin is calculated as profit before tax before significant items as a percentage of revenue PCP is defined as prior corresponding period PHEV is defined as a plug - in hybrid electric vehicle PVR is defined as per vehicle retail ROS is defined as Return on Sales which is defined as Underlying Operating Profit Before Tax divided by Revenue from Continuing Operations Significant items are items that are non - recurring in nature, individually material or do not relate to the operations of the existing business. Refer to slides 36 ( 1H26 ) and 3 7 (comparative financial information) of this Investor Presentation for a breakdown of these items Underlying Operating Profit is defined as statutory profit adjusted for significant items USP is defined as unique selling proposition VFACTS is published by the Federal Chamber of Automotive Industries (FCAI) and provides a breakdown of monthly new motor vehicle sales statistics, outlining the number of new cars sold by brand by model YoY is defined as the movement year on year 41
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Page 42 of 43 | Eagers Automotive | FY 2025 Results Confidential, incomplete, preliminary and subject to verification, audit and board approval