REG - Inchcape PLC - Inchcape Capital Markets Day: Accelerate

InchcapeAnnouncement

17/11/2021 07:05

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RNS Number : 6045S  Inchcape PLC  17 November 2021

Inchcape Capital Markets Day: Accelerate

Inchcape plc ("Inchcape" or the "Group"), the leading independent global
automotive distributor, is hosting a Capital Markets Day in London today.

The presentation, from the senior management team, will provide an in-depth
look at the Group's new strategy, Accelerate, including its two exciting
growth pillars:

1.    Distribution Excellence

2.    Vehicle Lifecycle Services

The Group will also provide the details of its medium-term financial outlook:

                             Medium-term outlook(1)
 Distribution Excellence     Mid-to-high single digit profit CAGR
 Vehicle Lifecycle Services  >£50m of incremental profit

1: based on constant exchange rates

Duncan Tait, Group CEO, commented:

"Inchcape is on an exciting growth journey. Our ambition is to leverage our
global leading position, and become the undisputed distributor of choice for
OEMs. With technology and data analytics at the heart of our differentiated
distribution platform, we see significant opportunities to grow in both
existing and new markets, as well as to further strengthen and broaden our OEM
relationships.

Capturing more of the profit-pool of a vehicle's life also presents a
considerable opportunity for us. This is an area that is currently underserved
by Inchcape, across all our 36 markets. Leveraging our core competencies and
people capabilities, combined with our investment in technology, we aim to
grow our share of this highly fragmented market.

The Group is well-positioned to deliver significant value through organic
growth, market consolidation and cash returns."

 

Any investors who wish to attend the event in person but have yet to register,
please contact Instinctif Partners inchcape@instinctif.com
(mailto:inchcape@instinctif.com) .

The presentation will be live streamed from 14:00 GMT:

PLEASE REGISTER HERE
(https://us02web.zoom.us/webinar/register/WN_MHIRd6EWRkCY8uzvrpyydQ)

A copy of the presentation will be available from 14:00 GMT, and a recording
of the event will follow on the Group's website, www.inchcape.com
(http://www.inchcape.com) .

 

Contacts

 Inchcape plc:
 Raghav Gupta-Chaudhary        Investor queries  +44 (0)7933 395 158  investors@inchcape.com (mailto:investors@inchcape.com)
 Finn Lawrence                 Media queries     +44 (0)7467 445 748

 Media enquiries:

 Mark Garraway                                   +44 (0)7771 860938
 Tim McCall / Galyna Kulachek                    +44 (0)20 7457 2020  inchcape@instinctif.com (mailto:inchcape@instinctif.com)

 

About Inchcape

Inchcape is the leading independent global automotive distributor, operating
in 36 markets with a portfolio of the world's leading automotive brands.
Inchcape has diversified multi-channel revenue streams including sale of new
and used vehicles, parts, service, finance and insurance. The Company has been
listed on the London Stock Exchange (INCH) since 1958, and as of 2020 it has
been classified within the 'Business Support Services' sector. The Group is
headquartered in London and employs around 15,000 people globally.
www.inchcape.com (http://www.inchcape.com) .

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