CAR Group Ltd (FRA:WN6)

€ 21.6 -0.2 (-0.92%) Market Cap: 8.28 Bil Enterprise Value: 8.93 Bil PE Ratio: 56.99 PB Ratio: 4.93 GF Score: 98/100

Half Year 2021 Carsales.Com Ltd Earnings Call Transcript

Feb 16, 2021 / 10:30PM GMT

Release Date Price: €13.51 (+3.68%)

Transcript

Cameron McIntyre

carsales.com Ltd - MD, CEO & Director

Thanks, Matt. Good morning, everyone, and welcome to the half year conference call. On the call this morning from the company, you've also got Will Elliott, who's our Chief Financial Officer; Ajay Bhatia, who's our MD for carsales Australia; Paul Barlow, who's the MD for International; Jason Blackman, who's our Chief Information Officer; and we've also got from South Korea, SB Kim, who's the CEO of our Encar business over there.

So what we'll do this morning, like we normally do, is I'll quickly move through the slide pack. I'll just call out the slide numbers that we're on, and then we'll try and leave 30 minutes for Q&A.

So let's start with Slide 4. And I guess the first thing to say is we're pleased with how the business has responded over the last 6 months, which is, again, a reflection of the resilience in trading through the economic cycles and the important role that diversification continues to play for us in driving the business forward.

Looking at some of the highlights. As you'll see, adjusted earnings

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