Group 1 Automotive (GPI) FY Earnings Call Presentation

COVID-19 Impact and Recovery - In the first half of April, the Company's vehicle sales and service businesses were down about 50%[5] - By the end of June, the Company's new vehicle sales had rebounded to a level approximately 15% below last year, but then stalled out due to inventory issues[5] - The flexibility of the business model allowed the Company to generate record operating profit despite ~30% decrease in total company second quarter revenues[5] - In April, the Company had furloughed 90% of its employees in the U K [6] - At the end of June, 50% of the Company's staff remained on furlough in the U K [6] Cost Management - Swift action was taken to furlough or lay off 4,800 U S employees (43% of headcount)[13] - Nearly $300 million of annualized U S SG&A reduction from 2Q19[13] - Adjusted SG&A as a % of Gross Profit decreased from 70% in 2Q19 to 59% in 2Q20[12] AcceleRide® Program - AcceleRide® sales have shown significant growth, with total online sales reaching 1,057 units in August 2020[58] - Click to Enter AcceleRide increased +43%, Credit App Submission increased +14%, and F&I Included increased +16% post-COVID[53] Financial Performance - Group 1 Automotive has a market cap of approximately $1 6 billion as of July 27, 2020[19] - The Company redeemed 5 25% bonds ($300 million face) on April 3[86] - The Company refinanced 5 00% bonds ($550 million face) with 4 00% bonds[87]