Operational review Bidvest Automotive

  • McCarthy celebrates 100 years in business
  • Revenue rises to R18,6 billion across a more streamlined business
  • Trading profit 10,7% higher at R255,4 million
  • ROFE up to 27,2%
  • New vehicle sales up 22,1% to 36 269 units
  • Concerted B-BBEE effort lifts division to Level 3 status
  • Systems implemented to facilitate and measure sustainability activities

One of South Africa’s largest motor vehicle groups offering leading motor brands through 116 dealerships, as well as vehicle auctioneering.

 

Revenue

R18,6 billion

17,4% increase

Trading profit

R255,4 million

10,7% increase

 

  

 

Financial indicators
(for the year ended June 30)		 2011
R’m		 2010
R’m
Revenue 18 608,3 15 849,8
Trading profit 255,4 230,8
Operating assets 2 668,4 2 398,6
Operating liabilities 1 772,1 1 419,9
Depreciation 56,4 59,7
Amortisation and impairments of intangible assets – –
Goodwill and intangible assets 229,1 229,1
Sustainable development indicator overview    
Employees 5 869 5 922
Total training spend (R’000) 93 145 84 131
Training spend per employee (R) 15 871 14 206
Employees attending HIV/Aids training (%) 100,0 67,6
Lost-time injury frequency rate 0,9 2,6
Work-related fatalities (number) – –
CSI spend (R’000) 7 534 7 408
Total water usage (litres ’000) 339 407 331 200
Total electricity usage (including electricity from renewable sources) (kWh ’000) 43 487 40 480
Petrol (litres) 6 228 841 6 273 578
Diesel and biofuel (litres) 3 344 928 2 949 788
Total carbon emissions (tonnes) 67 858 62 997*
Carbon emissions per employee (tonnes) 11,6 10,6*

 

QUICK LINK: Operational report and historic sustainable development data

Material issues

  • Japanese earthquake and tsunami have adverse effects on the supply of new vehicles and parts
  • Declining vehicle parc (the number of vehicles on the road) resulting in lower contributions from parts sales and workshop services
  • Share of the national dealer market remained flat
  • Extreme reliance on business and consumer confidence, which has declined since 2008
  • Effect of economic downturn and legislation on turnover and business practices
  • Retaining customer loyalty through responsible business practices
  • Difficulty in attracting and retaining senior level HDIs
  • Talent attraction and retention
  • Impact of increasing fuel prices and stricter emission standards on sales in certain vehicle categories
  • Imperative to grow the value segment of the vehicle market
  • Management of workplace HIV/Aids
  • Impact of crime on dealerships
  • Effect of fringe benefit tax increase