onlyH1 FY22 FINANCIAL RESULTS PRESENTATION

use9 FEBRUARY 2022 ersonal

H1 FY22 - KEY HIGHLIGHTS

only> Revenue growth despite significant impact of lockdowns in the half, demonstrating the resilience of Bapcor's business > Delivered Pro forma NPAT of $61M inline with achieving our full year guidance provided at the AGM in October 2021 > Continued network growth - opened 8 Retail stores, 4 Burson branches and 6 Specialist Wholesale sites

use> Growing proportion of private label sales - increased across all segments

> Looking after our people - reinstated paid pandemic leave policy, introduced flexible working arrangements policy,

brought our office based teams in Melbourne into one location (Mount Waverley), launched a workplace culture review ersonal> Increased interim dividend by 11.1%

> Further acquisitions in 2022 to supplement organic growth after easing of lockdown restrictions

2

UPDATE FROM THE EXECUTIVE CHAIR

only

CEO appointment

>

‒ Noel Meehan appointed CEO on 8 February 2022

‒ CFO recruitment underway

>

Board renewal

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‒ Mark Bernhard has been appointed as a Non-Executive Director effective 1 March 2022

‒ Mark has significant board and executive management experience in the automotive industry, including Chairman and Managing Director

of General Motors Holden Australia from 2015 - 2018

ersonal

‒ Mark is globally experienced having worked across diverse cultures (Australia, the United States, South East Asia and China)

Media speculation

>

‒ Bapcor has not been approached regarding a potential takeover

3

SOLID FY22 H1 PRO FORMA RESULTS DEMONSTRATE

BAPCOR'S RESILIENT BUSINESS MODEL

REVENUE

EBITDA

only

$900M

$137M

1.9% increase

5.8% decrease

28.1% increase

28.6% increase

EBIT

NPAT

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$95M

$61M

10.9% decrease

13.7% decrease

29.1% increase

33.0% increase

ersonal

DIVIDEND

CASH

(Half year)

CONVERSION

10.0 cps

69.4%

11.1% increase

versus 84.0% in H1 FY21

Note:

1. Net leverage ratio = pro forma net debt / pro forma EBITDA (excluding AASB16 Leases).

Vs H1 FY21

Vs H1 FY20

EPS

17.9 cents

13.7% decrease

11.3% increase

NET LEVERAGE RATIO1

1.0x

up from 0.7x at 30 June 21

  • Revenue growth in H1FY22 despite lockdowns, demonstrating the resilience of Bapcor's business
  • While profitability is down compared to the exceptional H1 FY21 period, results show significant growth (+33%) compared to H1 FY20
  • First half profitability inline with statements made at AGM - "The first half of FY22 is expected to be softer than the first half of FY21"
  • Continued dividend growth
  • Cash conversion impacted by increased inventory levels, particularly goods in transit, to mitigate global supply issues
  • In H1 FY22 we opened 8 retail stores, 4 Burson branches and 6 Specialist Wholesale sites
  • Since 31 December, signed 2 acquisitions (1 in Bapcor Trade and 1 in Specialist Wholesale) adding annualised revenue close to $50M - at mid-singledigit EBITDA multiples (pre- synergies)

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SIGNIFICANT IMPROVEMENT IN PERFORMANCE IN Q2 FY22 AS LOCKDOWNS AND RESTRICTIONS WERE LIFTED

only

350

> Business performance improved as lockdowns and restrictions eased and we expect that this strong performance will continue in H2 FY22 without any further material

impacts from Omicron

Quarterly revenue growth (FY22 vs FY21)1

Number of days in lockdown / with restrictions

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11.8%

Days

300

8.5%

6.4%

250

4.1%

2.1%

0.8%

200

ersonal

150

100

50

-9.9%

-11.9%

-

Q1 FY21

Q2 FY21

Q3 FY21

Q4 FY21

Q1 FY22

Q2 FY22

Trade

New Zealand

Specalist Wholesale

Retail

VIC

NSW

QLD

Other AU states (max)

NZ

Q1 FY22

Q2 FY22

Notes: 1. Excludes group / eliminations

5

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Bapcor Ltd. published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 21:41:57 UTC.