Growth achieved in Australian Aftermarket and Exports; sales to OEM flat
Key challenge continues to be new vehicle availability across the globe
Sales backorders remain at elevated levels
Net Profit
Before Tax
10.4%
v FY2021
Net Profit Before Tax: $165.7m
180
$165.7m
$150.0m
120
60
-
FY2021FY2022
Price increases maintain gross profit margin
Operating expenses scaling with sales growth
No government wage subsidies in current year
Net profit margin comparable to prior year
Net Profit
After Tax
8.1%
v FY2021
NetProfitAfterTax:$122.0m.
120120
$122.0m
$112.9m
8080
4040
- -
FY2021FY2021FY2022FY2022
Effective tax rate increased from 24.7% to 26.4% due to higher taxes in higher-taxing jurisdictions
Earnings per share of 149.4 cents, up 6.7% on FY22
3
FY2022
FINANCIAL HIGHLIGHTS
TOTAL GROUP SALES GROWTH FOR FY2022
11.5%
Australian
Exports
Original
Aftermarket
Equipment
9.2%
17.4%
0.2%
v FY2021
v FY2021
v FY2021
Australian Aftermarket Sales
($millions)
200
177
191
183
165
150
+15.6%
+3.3%
100
v 1H 21
v 2H 21
50
-
1H FY21
2H FY21
1H FY22
2H FY22
Represents 53.8% of total sales (2021: 54.9%)
All segments grew: Retail, Stockists, Dealer & Fleet
2H FY22 down $8m or 4.0% on 1H FY22 due to high staff absenteeism with the emergence of Omicron in Jan22 and new car availability
Export Sales ($millions)
150
130
138
131
99
100
+39.9%
+0.4%
v 1H 21
v 2H 21
50
-
1H FY21
2H FY21
1H FY22
2H FY22
Represents 38.7% of total sales (2021: 36.7%)
Growth in Americas, Asia/Pacific & Rest of World
2H FY22 down $7m or 5.1% on 1H FY22 due to emergence of Omicron in Jan22, new car availability and the outbreak of war in Ukraine
Original Equipment Sales ($millions)
40
32 31
20
21
20
+50.6%
(32.1%)
v 1H 21
v 2H 21
-
1H FY21
2H FY21
1H FY22
2H FY22
Represents 7.5% of total sales (2021: 8.3%)
2H FY22 down $10m or 29.8% on 1H FY22 as expected due to timing of contracts and stocking up for new models
4
DIVIDENDS
FINANCIAL HIGHLIGHTS
70
FULLY FRANKED DIVIDENDS
60
32.0
share
50
39.0
per
40
18.0
Cents
30
19.5
21.0
21.0
20
15.5
16.0
16.0
17.0
39.0
14.0
29.0
10
13.0
13.0
14.5
16.0
17.5
18.5
18.5
11.0
12.5
-
FY2012
FY2013
FY2014
*
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2015
Final dividend
Interim dividend
* Excludes fully franked special dividend of $1.00 per share in December 2014
Total
Dividends for FY2022
increased from 68.0 cps to
71.0 cps
Dividend
Payout Ratio
stable at around
48% Final
Dividend
Dates:
Record: 7 Oct 2022
Payment: 21 Oct 2022
DRP & BSP in operation
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
ARB Corporation Limited published this content on 23 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2022 02:45:02 UTC.
ARB Corporation Limited is an Australia-based is an Australia-based company, which designs, manufactures, distributes and sales motor vehicle accessories and light metal engineering works. Its product range contains a host of different accessories, from vehicle specific applications to a range of accessories, which are suitable for vehicle. Its products include bull bars; side rails and side steps; rear protection, towing and wheel carriers; canopies; Ute Lids and Tub accessories; roof racks, cross bars and roof bars; old man emu 4X4 suspension; linx; driving lights; air compressors and tyer accessories; air lockers; winches; recovery equipment; recovery points; under vehicle protection; fuel tanks and fuel storage; drawers and cargo solutions; slide kitchen; portable fridge freezers; tents, swags and awnings; camping and touring accessories; UHF Radios, GPS and reverse cameras; safari snorkels; dual battery and solar systems; general accessories; and interior protection.
ARB CORPORATION LIMITED 
