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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 1 1H 2026 Results MotorCycle Holdings Limited (ASX:MTO) | 26 February 2026 For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 2 Disclaimer This presentation contains certain ‘forward-looking statements’ within the meaning of the securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as ‘may, ’ ‘should, ’‘expect, ’ ‘anticipate, ’ ‘estimate, ’ ‘scheduled, ’ or ‘continue, ’ or the negative version of them or comparable terminology. Any forecasts or other forward-looking statements contained in this presentation are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgment and assumptions as to future events which may or may not be correct. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material. MotorCycle Holdings Limited (the ‘Company’ or ‘MTO’) does not give any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur and you are cautioned not to place undue reliance on forward-looking statements. Neither the Company nor any of its Directors or any other party associated with the preparation of this presentation guarantee that any specific objective of the Company will be achieved or that any particular performance of the Company or of its shares will be achieved. The information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this presentation constitutes investment, legal, taxation or other advice. This presentation includes non-IFRS financial information which the Company considers may be useful for users of this presentation as these measures reflect the underlying performance of the business. Non-IFRS financial information has not been subject to audit or review in accordance with Australian Auditing Standards. For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 3 Diversified business Retail (New & used), parts, service, finance & Wholesale distribution (Vehicles & accessories) Robust turnover Revenue on a growth trend #1 in new vehicle market 19.8% of the new sales market #1 used vehicle retailer ~12,000 units sold (annualised) Balance sheet Strong capital base with low gearing for growth Brands Represent all leading motorcycle brands Large footprint 55 locations across Australia & New Zealand CFMOTO Exclusive distributor of the high-growth CFMOTO brand in ANZ We are the Market Leader in Our Category Note: Sales data for new motorcycles and off-highway vehicles (OHV) as reported by the Federal Chamber of Automotive Industries (FCAI). For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 4 1H 2026 Financial Results Summary For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 5 Strong Performance in Key Metrics $328.0m $396.4m 1H 2025 1H 2026 Sales Revenue $26.2m $31.7m 1H 2025 1H 2026 Underlying EBITDA1 $9.4m $12.1m 1H 2025 1H 2026 Underlying Net Profit After Tax1 +20.9% +28.7% +21.0% Profit uplift driven by revenue growth, PSHH contribution, improved performance of vehicle distribution business, moderated by depreciation of RoU assets Revenue growth delivered organically in addition to the contribution of Peter Stevens / Harley Heaven (PSHH) EBITDA growth of 21% aided by increase in gross margin from 25.2% to 25.9% 1. Refer to slide 9 for calculation of underlying metrics For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 6 Strong Performance in Key Metrics $148.7m $138.7m $26.9m FY2025 1H 2026 Inventory $165.6m Net debt reduction in addition to the acquisition of PSHH from funds on hand strengthens balance sheet with focused and deliberate deleveraging Reduction in inventory (outside of PSHH addition) highlights improved operational efficiency and disciplined capital management Dividend of 9.5cps fully franked reflecting stronger earnings and liquidity PSHH $9.0m $6.1m FY2025 1H 2026 Net Debt 8.0 cents 9.5 cents 1H 2025 1H 2026 Dividends 12.8 cents 16.4 cents 1H 2025 1H 2026 Underlying Earnings Per Share Underlying Earnings Per Share of 16.4 cents increased in line with NPAT uplift For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 7 234.6 276.3 293.4 328.0 396.4 222.7 301.1 288.9 322.0 FY2022 FY2023 FY2024 FY2025 HY2026 Sales Revenue ($m) H1 H2 Track Record of Consistent Revenue Growth 457.3 577.4 582.3 650.0 Retail growth of 21.3% from robust performance of both new and used vehicle unit sales Wholesale distribution revenue growth of 10.8% Total revenue growth of 20.9% For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 8 Financial Statements For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 9 Consolidated Profit and Loss ($ millions) 1H 2026 Statutory Adjustments 1H 2026 Underlying 1H 2025 % Change Sales revenue 396.4 - 396.4 328.0 20.9% Cost of sales (293.8) - (293.8) (245.2) Gross Profit 102.6 - 102.6 82.8 23.9% % margin 25.9% - 25.9% 25.2% Other income 0.5 - 0.5 0.6 Operating costs (72.7) 1.3 (71.4) (57.2) EBITDA 30.4 1.3 31.7 26.2 21.0% Depreciation and amortisation (11.4) - (11.4) (9.8) EBIT 19.0 1.3 20.3 16.4 23.8% Net finance costs excluding bailment (2.9) - (2.9) (2.9) Net Profit Before Tax 16.1 1.3 17.4 13.5 28.9% % margin 4.1% 4.4% 4.1% Income tax expense (4.9) (0.4) (5.3) (4.1) Net Profit After Tax 11.2 0.9 12.1 9.4 28.7% % margin 2.8% 3.1% 2.8% • Adjustments to statutory earnings are acquisition costs related to “Peter Stevens / Harley-Heaven” ($1.1m) as well as the current year impact of the stamp duty underpayment ($0.2m) referred to below. • Increase in revenue attributable to acquisitive growth from PSHH of 16.1% and organic growth of 4.8%. • Improvement in gross margin assisted by favourable currency movements and improvement in vehicle distribution margins. While the PSHH margin was lower than the existing Group margin it was an increase on the existing margin of the retail segment. • Operating cost increase due to PSHH as well as further investment in Corporate services (HR, Finance and IT). • Increase in Depreciation attributable to additional RoU assets for PSHH properties. • Finance costs steady with reduced external interest costs offset by higher notional interest charges related to RoU assets. On 13 November 2025, the Company announced it had identified an underpayment of vehicle registration duty in relation to optional equipment sold with vehicles by MTO. An amount of $5m has been provided for on the balance sheet ($3.5m in duty and $1.5m in related interest. Under accounting standards as the majority of the amount relates to transactions prior to the current financial period, $4.85m of the provision has been recognised at 1 July 2024. With an accompanying recognition of a deferred tax asset of $1.45m, the net position of $3.4m has been reflected in opening retained earnings at that date. For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 10 Consolidated Statement of Financial Position • Movements reflect the acquisition of c$10m in net assets from Peter Stevens / Harley Heaven, as well as assets required for the recommencement of the business including new bike inventory and related bailment finance, as well as Right of Use Assets and Liabilities. • Net debt improvement to $6.1m (from $9.0m at 30 June 2025). • Strong cash generation has enabled the reduction in net debt, the acquisition of revenue-generating assets (PSHH) and an increased dividend payment. ($ millions) 1H 2026 FY2025 (Restated) Current Assets Cash and cash equivalents 34.0 31.0 Trade and other receivables 17.8 13.0 Inventories 165.6 148.6 Prepayments 7.0 7.0 Total Current Assets 224.4 199.6 Non-current Assets Investments 5.3 4.4 Property, plant and equipment 15.6 14.3 Right-of-use assets 60.0 46.9 Intangibles 139.5 141.7 Other 3.0 2.3 Total Non-current Assets 223.4 209.6 Total Assets 447.8 409.2 Current Liabilities Trade and other payables 50.1 48.5 Bailment finance 55.1 40.8 Lease liabilities 17.7 15.9 Employee benefits 10.7 9.1 Other 10.4 10.9 Total Current Liabilities 144.0 125.2 Non-Current Liabilities Borrowings 40.0 40.0 Lease Liabilities 47.2 35.2 Other 5.8 5.6 Total Non-current Liabilities 93.0 80.8 Total Liabilities 237.0 206.0 Net Assets 210.8 203.2 Equity Issued capital 151.0 151.0 Reserves (0.5) - Retained Earnings 60.3 52.2 210.8 203.2 FY2025 balance sheet reflects an opening retained earnings adjustment at 1/7/24 to accrue for historical stamp duty and related interest payable. The balances recognised were a provision for duty and interest payable of $4.85m, a deferred tax asset of $1.45m, and a net decrease in retained earnings of 3.4m For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 11 11 Operational Performance For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 12 Operational Summary Continued market outperformance and organic growth in new and used retail vehicles sales Strong market share gains for CFMOTO in the OHV and Motorcycle segments, in AU and NZ Wholesale vehicle distribution growth of 19% Improve efficiencies from new business systems and processes Reduction in inventory (ex PSHH) reflecting improved operational efficiency and disciplined capital management Gross profitgrowth of 23.9% with a margin of 25.9% owing to increased retail sales volume and strong wholesale performance in AU & NZ eCommerce sales growth of 66% with a significant increase in digital engagement driving higher revenues Retail revenue growth of 21.3% from record vehicle unit sales For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 13 10.0 13.3 9.8 12.2 15.1 18.8 8.4 9.8 15.3 20.5 14.0 14.5 $25.3m $33.8m $9.8m $12.2m $29.1m $33.3m $8.4m $9.8m HY2025 HY2026 HY2025 HY2026 HY2025 HY2026 HY2025 HY2026 New vehicles Used vehicles Parts & accessories Finance & insurance Gross Profit Retail Wholesale Diversified Contribution by Division 107.9 131.6 67.1 78.9 44.0 53.7 64.7 81.4 26.3 27.7 $172.6m $213.0m $67.1m $78.9m $70.3m $81.4m $8.4m $9.8m HY2025 HY2026 HY2025 HY2026 HY2025 HY2026 HY2025 HY2026 New vehicles Used vehicles Parts & accessories Finance & insurance Revenue Retail Wholesale +23.4% +17.7% +15.8% +16.0% Note: Other - Revenue HY2025 $0.3m, HY2026 $0.2m; Gross Profit Contribution HY2025 $0.3m, HY2026 $0.2m. +33.6% +24.8% +14.3% +16.3% For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 14 12.0% 14.3% 15.5% 16.6% 16.3% 3.5%1 FY2022 FY2023 FY2024 FY2025 HY2026 MTO Market Share 7,699 7,097 7,652 8,152 8,197 6,340 6,654 6,839 7,485 1,7691 FY2022 FY2023 FY2024 FY2025 HY2026 New Vehicle Unit Sales H1 H2 Record Market Share and New Vehicle Unit Sales Growth 14,039 13,751 14,491 15,637 Record unit sales growth of 22.3% MTO now 19.8% of the new sales market 1. Peter Stevens / Harley-Heaven since 31 July Note: Sales data for new motorcycles and off-highway vehicles (OHV) as reported by the Federal Chamber of Automotive Industries (FCAI). 19.8% 9,966 For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 15 Record unit sales for the half year up 12.5% Targeting further growth in used motorcycles, and increased ratio of used to new unit sales Improvement in gross margin on used bike sales from 14.3% to 15.4% Record Used Vehicle Unit Sales 5,360 5,480 5,039 5,533 5,519 5,014 4,544 5,074 5,032 7051 FY2022 FY2023 FY2024 FY2025 FY2026 Used Vehicle Unit Sales H1 H2 10,374 10,024 10,113 10,565 6,224 1. Peter Stevens / Harley-Heaven since 31 July For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 16 Peter Stevens / Harley-Heaven Contribution • While profitable from the second month, performance in the half represents a ramp-up of operations post administration. The second half will be closer to BAU • The gross profit of 24.6% exceeds the legacy Retail business of MTO • Operationally exceeding expectations (people, property, systems) 2025 organic growth YTD ahead of 2024 position Peter Stevens & Harley-Heaven acquisition contribution delivering additional growth $11.0m $11.7m $10.6m $11.8m $13.2m $6.5m $10.0m $12.3m $10.5m $13.4m Aug Sep Oct Nov Dec Revenue 2024 2025 $2.4m $2.8m $2.5m $2.7m $3.0m $1.8m $2.8m $2.8m $2.6m $2.9m Aug Sep Oct Nov Dec Gross Profit 2024 2025 For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 17 Building a Defensible Market Leader We are building our future infrastructure and platform for growth to efficiently expand our market leadership while improving customer and employee experiences ANZ Footprint OEM Brand Relationships End-to-end model Omni-channel sales model 55 location network provides multiple touchpoints in each major market Driving increased customer retention Leadership in Harley Davidson, CFMOTO and other high value brands Ensuring consistent customer experience through digital and showrooms For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 18 18 Outlook For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 19 Operational Excellence Process & discipline Digital & Data transformation to drive organic growth, optimise efficiencies and improve customer experience CFMOTO and Harley Davidson are core distribution & retail brands eCommerce and omni-channel growth from improved digital focus Optimise property mix between retail, warehousing and brand Increasing stock turns to provide better return on capital Used vehicle sales growth targeted Peter Stevens & Harley-Heaven contributions Growth Pillars For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 20 Second Half Considerations • Interest rate environment and its impact on consumer demand and discretionary spending • First half is traditionally strong, consistent with historical seasonality • Contribution from Peter Stevens / Harley-Heaven to increase as operations move closer to BAU • A sustained Australian dollar strengthening improves purchasing power and is expected to positively impact gross profit margins • Continued investment in corporate overhead including people and systems, alongside property network optimisation Investment into store upgrades such as MCAS Alexandria For personal use only
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MotorCycle Holdings Limited (ASX:MTO) | 1H 2026 Results | February 2026 | 21 21 Questions For personal use only