Sonic Automotive, Inc. (NYSE:SAH) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants David Smith - Chief Executive Officer Jeff Dyke - President Heath Byrd - Chief Financial Officer Tim Keen - Chief Operating Officer of EchoPark Steve Wittman - Chief Digital Retail Officer Danny Wieland - Vice President of Investor Relations Conference Call Participants Aileen Smith - Bank of America Rajat Gupta - JP Morgan Chase Ethan Huntley - Jefferies Joe Enderlin - Stephens Operator Good m ...

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, 2021 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: 1-13395 ___ ...

Sonic Automotive (NYSE:SAH) Q4 2021 Earnings Conference Call February 16, 2022 11:00 AM ET Company Participants David Smith - CEO Jeff Dyke - President Heath Byrd - CFO Steve Wittman - Chief Digital Retail Officer Danny Wieland - VP of IR Conference Call Participants Rick Nelson - Stephens Inc. John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Bret Jordan - Jefferies Operator Good morning, and welcome to the Sonic Automotive Fourth Quarter 2021 Earnings Conference Call. The conference is be ...

Sonic Automotive – Investor Presentation February 2022 ® AUTOMOTIVE © Updated February 16, 2022 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events, are not historical facts and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. These statements can generally be identified by lead-in words such ...

Sonic Automotive, Inc. (NYSE:SAH) Q3 2021 Earnings Conference Call October 28, 2021 11:00 AM ET Company Participants David Smith – Chief Executive Officer Jeff Dyke – President Heath Byrd – CFO Steve Wittman – Chief Digital Retail Officer Danny Wieland – Vice President of Investor Relations Conference Call Participants John Murphy – Bank of America Rick Nelson – Stephens Inc. Rajat Gupta – JPMorgan Ethan Huntley – Jefferies Operator Good morning, and welcome to the Sonic Automotive Third Quarter 2021 Earni ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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: 1-13395 ______________________________________ SO ...

Sonic Automotive, Inc. (NYSE:SAH) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants David Bruton Smith - Chief Executive Officer Heath Byrd - Chief Financial Officer Jeff Dyke - President Danny Wieland - Vice President of Investor Relations Steve Wittman - Chief Digital Retail Officer Conference Call Participants Richard Nelson - Stephens Inc. Rajat Gupta - J.P. Morgan John Murphy - Bank of America Merrill Lynch Mark Jordan - Jefferies Operator Good morning and welcome to the S ...

[Uncertainty of Forward-Looking Statements and Information](index=2&type=section&id=UNCERTAINTY%20OF%20FORWARD-LOOKING%20STATEMENTS%20AND%20INFORMATION) [Forward-Looking Statements Disclaimer](index=2&type=section&id=Forward-Looking%20Statements%20Disclaimer) This section serves as a cautionary statement, indicating that the report contains forward-looking statements based on current estimates and assumptions, which involve risks and uncertainties - Forward-looking statements are identified by words such as 'may,' 'will,' 'should,' 'could,' 'believe,' 'expect,' 'estimate,' 'anticipate,' 'intend,' 'plan,' 'foresee'[6](index=6&type=chunk) - Actual results could differ materially from projections due to various risks, including new and used vehicle sales, financing for EchoPark expansion, manufacturer reputation, regulatory changes, supply chain disruptions (e.g., semiconductors due to COVID-19), economic conditions, competition, and the severity of the COVID-19 pandemic[7](index=7&type=chunk)[9](index=9&type=chunk) [PART I – FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Sonic Automotive, Inc., including statements of operations, comprehensive operations, balance sheets, stockholders' equity, and cash flows, along with accompanying notes - Interim financial statements are unaudited and do not include all information required for complete financial statements; operating results for interim periods are not necessarily indicative of full fiscal year results[25](index=25&type=chunk) [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Net income for the three months ended June 30, 2021, increased by 269.7% YoY, and for the six months ended June 30, 2021, it swung from a loss to a profit, indicating a strong recovery from the prior year's pandemic impact | Metric | 3 Months Ended June 30, 2021 (in thousands) | 3 Months Ended June 30, 2020 (in thousands) | 6 Months Ended June 30, 2021 (in thousands) | 6 Months Ended June 30, 2020 (in thousands) | | :--------------------------------- | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Total revenues | $3,352,246 | $2,111,886 | $6,139,043 | $4,419,942 | | Gross profit | $510,808 | $307,383 | $911,701 | $657,961 | | Operating income (loss) | $165,427 | $53,544 | $253,277 | $(168,331) | | Net income (loss) | $113,845 | $30,791 | $168,067 | $(168,542) | | Basic earnings (loss) per common share | $2.74 | $0.72 | $4.04 | $(3.94) | | Diluted earnings (loss) per common share | $2.63 | $0.71 | $3.87 | $(3.94) | - Net income for the three months ended June 30, 2021, increased by **269.7% YoY**, and for the six months ended June 30, 2021, it swung from a loss to a profit, indicating a strong recovery from the prior year's pandemic impact[14](index=14&type=chunk) [Condensed Consolidated Statements of Comprehensive Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Operations) This section details the company's comprehensive income (loss), including net income and other comprehensive income (loss) components, for the three and six months ended June 30, 2021 and 2020 | Metric | 3 Months Ended June 30, 2021 (in thousands) | 3 Months Ended June 30, 2020 (in thousands) | 6 Months Ended June 30, 2021 (in thousands) | 6 Months Ended June 30, 2020 (in thousands) | | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Net income (loss) | $113,845 | $30,791 | $168,067 | $(168,542) | | Other comprehensive income (loss) | $347 | $(255) | $590 | $(527) | | Comprehensive income (loss) | $114,192 | $30,536 | $168,657 | $(169,069) | - Other comprehensive income (loss) saw a positive change in 2021, primarily due to changes in the fair value of interest rate cap agreements, contrasting with a loss in 2020[16](index=16&type=chunk) [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position, detailing assets, liabilities, and stockholders' equity as of June 30, 2021, and December 31, 2020 | Metric | June 30, 2021 (in thousands) | December 31, 2020 (in thousands) | | :-------------------------------- | :--------------------------------- | :--------------------------------- | | Total Assets | $3,656,345 | $3,745,993 | | Total Current Assets | $1,719,374 | $1,882,567 | | Inventories | $1,016,566 | $1,247,254 | | Total Liabilities | $2,709,991 | $2,931,188 | | Total Current Liabilities | $1,635,802 | $1,831,413 | | Notes payable - floor plan - trade | $32,778 | $585,225 | | Notes payable - floor plan - non-trade | $1,053,325 | $739,019 | | Total Stockholders' Equity | $946,354 | $814,805 | - Inventories decreased by **$230.7 million** from December 31, 2020, to June 30, 2021, reflecting low new vehicle inventory levels due to supply chain disruptions[19](index=19&type=chunk)[29](index=29&type=chunk) - Stockholders' equity increased by **$131.5 million**, primarily driven by retained earnings growth[19](index=19&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) This section outlines the changes in stockholders' equity, including retained earnings, treasury stock, and stock compensation plans, from December 31, 2020, to June 30, 2021 | Metric | Balance at Dec 31, 2020 (in thousands) | Balance at Jun 30, 2021 (in thousands) | Change (in thousands) | | :------------------------------------------ | :------------------------------------- | :------------------------------------- | :-------------------- | | Total Stockholders' Equity | $814,805 | $946,354 | $131,549 | | Retained earnings | $721,770 | $880,704 | $158,934 | | Treasury stock, at cost | $(671,725) | $(713,938) | $(42,213) | | Shares awarded under stock compensation plans | N/A | N/A | $6,765 | | Dividends paid (Class A & B) | N/A | N/A | $(9,133) | - The company repurchased approximately **$42.2 million** in treasury stock during the six months ended June 30, 2021[21](index=21&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section summarizes the cash inflows and outflows from operating, investing, and financing activities for the six months ended June 30, 2021 and 2020 | Metric | 6 Months Ended June 30, 2021 (in thousands) | 6 Months Ended June 30, 2020 (in thousands) | | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Net cash provided by (used in) operating activities | $(34,658) | $227,748 | | Net cash provided by (used in) investing activities | $(129,149) | $(62,456) | | Net cash provided by (used in) financing activities | $233,111 | $(78,671) | | Net increase (decrease) in cash and cash equivalents | $69,304 | $86,621 | | Cash and cash equivalents, end of period | $239,617 | $115,724 | -

© ® Sonic Automotive – Investor Presentation July 2021 AUTOMOTIVE Updated July 29, 2021 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events, are not historical facts and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. These statements can generally be identified by lead-in words such as "may, ...

Sonic Automotive, Inc. (NYSE:SAH) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants David Smith - CEO Jeff Dyke - President Heath Byrd - EVP & CFO Tim Keen - EVP, Operations Steve Wittman - Chief Digital Retail Officer Danny Wieland - VP, IR & Financial Reporting Conference Call Participants Rajat Gupta - JPMorgan Mark Jordan - Jefferies John Murphy - Bank of America Operator Good morning and welcome to Sonic Automotive's First Quarter 2021 Earnings Conference Call. This confe ...