Our ambitious growth journey is underpinned by two huge opportunities: extending our global leadership in automotive distribution and capturing more of a vehicle’s lifecycle value. We are well-positioned to deliver sustainable long-term value through organic growth, market consolidation and cash generation.

Duncan Tait Group CEO
Revenue

£7.6bn

Operating margin

4.3%

Profit before tax and exceptional items

£296m

Free cash flow

£289m

Return on capital employed

30%

Investment proposition:

Delivering sustainable growth and cash returns

In addition to our growth ambitions, the business is asset-light with a long history of disciplined capital allocation and delivering highly attractive returns to shareholders.

Capital allocation policy:

Highly attractive and disciplined

Inchcape is the global leader, with an ambition to be both better and bigger

1. The leading automotive distributor in a highly fragmented global market
  • Presence across >40 markets; covering six continents
  • We are the leader with c.1% share of the global distribution market
  • Market consolidation is expected to accelerate
2. Uniquely positioned to capture more of a vehicle’s lifetime value
  • Higher margin activities; accounts for 75% of the profit-pool of a vehicle’s life
  • Currently significantly underserved by Inchcape
  • Clear opportunity to leverage our existing footprint
3. Expanding the reach of our plug-and-play global distribution platform
  • Well invested operating model a catalyst for further expansion
  • Existing portfolio of >40 OEM brands; continuing to add new partners
  • Constantly sharing expertise across the Group
4. Growth ambition underpinned by our ESG strategy: Responsible business
  • Responsible Business integral to our Accelerate strategy
  • Established priority areas: Planet, People, Places, Practices
  • Due consideration for all stakeholders
5. Our digital and data capability is a significant competitive advantage
  • Created a leading digital and analytical platform
  • Global scale, and internal capability a key differentiator
  • Our technological progress is impressing OEM brands
6. Delivering value through organic growth, consolidation and cash returns
  • Distribution markets have higher growth prospects than average
  • Leveraging our global scale to improve profitability
  • Highly attractive returns (c.25% ROCE) and capital allocation