Group 1 Automotive, Inc. (NYSE:GPI) Q2 2023 Earnings Call Transcript July 26, 2023 9:00 AM ET Company Participants Pete DeLongchamps - Senior Vice President of Manufacturer Relations, Financial Services and Public Affairs Daryl Kenningham - President and Chief Executive Officer Daniel McHenry - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Incorporated John Murphy - Bank of America David Whiston - Morningstar Rajat Gupta - JPMorgan Daniela Haigian - M ...

Second Quarter 2023 Financial Results Investor Presentation July 26, 2023 GROUP 1 AUTOMOTIVE® BUY & SELL ONLINE ONLINE SHOPPING GPI LISTED NYSE Forward-Looking Statements Page 2 Why Group 1? ADJ. FCF* (1) ($MM) 2019 SCHEDULE PARTS & SERVICE FINANCE & INSURANCE CUSTOMER SUPPORT - AcceleRic This presentation release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our curr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13461 Group 1 Automotive, Inc. (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation or organ ...

SCHEDULE FINANCE & INSURANCE First Quarter 2023 Financial Results Investor Presentation April 26, 2023 ONLINE GPI LISTED NYSE Forward-Looking Statements This presentation release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking st ...

Group 1 Automotive, Inc. (NYSE:GPI) Q1 2023 Earnings Conference Call April 26, 2023 10:00 AM ET Company Participants Daryl Kenningham - President, Chief Executive Officer Daniel McHenry - Senior Vice President, Chief Financial Officer Peter DeLongchamps - Senior Vice President of Manufacturer Relations, Financial Services and Public Affairs Conference Call Participants John Murphy - Bank of America Daniel Imbro - Stephens Incorporated Adam Jonas - Morgan Stanley David Whiston - Morningstar Rajat Gupta - J.P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13461 Group 1 Automotive, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...

GROUP 1 AUTOMOTIVE® 4Q22 & FY22 Financial Results Investor Presentation January 25, 2023 SCHEDULE PARTS & SERVICE SHOPPING CUSTOMER SUPPORT - AcceleRide® Page 2 While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ mat ...

Group 1 Automotive, Inc. (NYSE:GPI) Q4 2022 Results Earnings Conference Call January 25, 2023 10:00 AM ET Company Participants Peter DeLongchamps - Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs Daryl Kenningham - President and Chief Executive Officer Daniel McHenry - Senior Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Merrill Lynch Michael Ward - The Benchmark Company David Whiston - Morningstar Research Rajat Gu ...

Financial Data and Key Metrics Changes - Group 1 Automotive reported adjusted net income of $188 million from continuing operations, equating to adjusted earnings per share of $12, a 27% increase over the prior year [8] - Adjusted results excluded non-core items totaling $9 million of after-tax gains, primarily from the sale of a dealership franchise [9] - The company generated $730 million of adjusted operating cash flow and $647 million of free cash flow after backing out $83 million of CapEx [24] Business Line Data and Key Metrics Changes - The aftersales business experienced double-digit same-store gross profit growth, with over 10% consolidated same-store gross profit growth on a local currency basis [14][19] - Same-store used retail sales increased by 2% in the US, despite the industry being down 12% [17] - Used vehicle margins declined sequentially from approximately $1,900 per unit in Q2 to roughly $1,600 in Q3 [10] Market Data and Key Metrics Changes - The UK market showed steady consumer demand with a new vehicle order bank of nearly 17,000 units, representing over a six-month backlog [11] - Texas outperformed total US same-store growth in new vehicle sales, used vehicle sales, aftersales, and net profitability [13] - The US new vehicle inventory stood at 5,000 units, representing a 15-day supply, with Toyota and Lexus having a combined 5-day supply [16] Company Strategy and Development Direction - The company continues to focus on high-quality external growth actions, having purchased six dealerships expected to generate $740 million in annual revenues [29] - Geographic exposure in Texas and the UK is viewed as a near-term and long-term advantage for the company and shareholders [13] - The integration of AcceleRide with DMS, CRM, and credit software is expected to provide faster and more transparent transactions for customers [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that consumers are under pressure due to inflation, but the majority of their business is with higher-income individuals who can still afford vehicles [58] - The company is prepared for normalization in used vehicle prices and has been responsive to market changes, maintaining a 30-day supply of used vehicles [60] - The parts and service business is expected to remain resilient even in a potential recession, as seen during the 2008 recession [61] Other Important Information - The company repurchased nearly 2.7 million shares at an average price of $171.1, representing 20% of its share float over the last 12 months [24] - The quarterly floor plan interest increased by $2.2 million from the prior year due to higher vehicle inventory holdings and interest rates [26] Q&A Session Summary Question: What does the new vehicle inventory and order book look like? - Management indicated that OEMs are optimistic about the fourth quarter, with pre-sold units in the US remaining steady compared to the second quarter [33][34] Question: How is the AcceleRide impacting staffing and cost savings? - Management noted that AcceleRide is changing the staffing model, focusing more on appointments and improving productivity [39][40] Question: What is the outlook for aftersales capacity utilization? - Management expressed confidence in increasing technician counts and service capacity, particularly in the UK market [52][54] Question: How does the company view consumer demand trends amid economic uncertainty? - Management acknowledged consumer pressure but emphasized that their customer base is primarily higher-income individuals, which supports continued vehicle purchases [58][59] Question: What is the expectation for F&I per unit into 2023? - Management remains bullish on the F&I business, indicating that structural improvements will sustain current performance levels [72]

Group 1 Automotive, Inc. (NYSE:GPI) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Peter DeLongchamps - SVP, Manufacturer Relations, Financial Services and Public Affairs Earl Hesterberg - President & CEO Daryl Kenningham - President of U.S. Operations Daniel McHenry - SVP & CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Daniel Imbro - Stephens Incorporated Adam Jonas - Morgan Stanley David Whiston - Morningstar Michael Ward - Benchmark ...