Investment Case

Investment Case

Our Compelling Investment Case

Our plan leverages our unique combination of assets across motoring and cylcing, creating value in both the short and long term.

Trusted,
heritage brand

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125 years in motoring and cycling

Leadership positions in all markets

Ability to reach into adjacent markets

Attractive
markets

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Large, fragmented markets

Predominantly needs based products and services

Structural and cyclical growth drivers

Unrivalled
scale

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c.1750 fixed and mobile locations nationwide

Unique showrooming via a scaled physical footprint

Effective digital platform

Structural and
financial
resilience

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>50% service-related sales

c.30% B2B with contractual / recurring revenues

Cash generative model with balance sheet firepower

Service, advice
and expertise

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>12,000 skilled colleagues

On-demand advice, checks and fitting in stores

Complex servicing in garages

Data and
technology
opportunity

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Huge data and technology opportunity

Current owner details for 12m vehicle (one third of the UK car parc)

6m loyalty club members