AHG - Australia's Largest Automotive Retailer

AHG - Australia’s largest automotive retailer

About AHG Automotive retail and logistics group founded in 1952 Largest automotive retailer in Australia by sales, profitabilityand market capitalisation– 103 high profile passenger and commercial vehicledealerships throughout Australia– Franchises covering 10 of the top 11 selling automotivebrands– Diversified income in new and used cars, service, parts,finance and insurance Other revenue streams from logistics– Amcap Distribution Centre– Rand Transport– KTM Sportmotorcyles– VSE/GTB

Our marketsQueenslandBrisbane.PerthSouth AustraliaWestern Australia45 dealershipfranchise sites inPerth metroAMCAPRand TransportKTM.AdelaideRand TransportSydney.MelbourneVictoria1 dealershipfranchise site inMelbourneRand TransportVSE/GTB.36 dealershipfranchise sites inBrisbanemetro/Gold CoastRand TransportNew South Wales17 dealership franchisesites in Sydney metroRand TransportNew Zealand4 dealershipfranchise sitesin Aucklandmetro.KTMAuckland

Financial overviewRevenue¹4000 m3000200010000FY06FY07FY08FY09 mNPAT¹6050403020100FY06FY07¹ from continuing operations excluding impact of unusual itemsFY08FY09FY10** Broker Forecast (average)

1H10 Group ResultGroup Revenue¹EBITDA¹EBITDA Margin¹ (%)NPBT¹NPAT¹ (attributable to shareholders) m1H101,607.0157.943.6141.13 m%1H09pcp1,600.83 10050.40 1153.15 11427.25 15128.6718.16NPAT (attributable to shareholders)33.59(1.75)Basic EPS¹ ( /share)12.675.809.482.761342107.04.0175Interest Cover¹Interim Dividend (fully franked) ( /share)¹ Excludes unusual items (1H10 – profit on sale of carsales.com shares - 4.92m (net))158

AHG StructureFY09Revenue - 2.7bEBITDA - 73.5mFY09Revenue - 395.5mEBITDA - 27.6mAHGAHGAUTOMOTIVE RETAIL103 Dealership SitesAustralia and NZNew Vehicle SalesUsed Vehicle SalesVehicle ServiceReplacement Parts SalesFinance &Insurance SalesDealership RevenueStreamsLOGISTICSWholesale DistributionAutomotive PartsAMCAPRefrigerated TransportStorage & DistributionRand TransportMotorcycle DistributionKTM SportmotorcyclesAustralia and NZVehicle Storage &EngineeringVSEGenuine Truck BodiesGTB

How the AHG Model works Diversified income stream across automotive retailingand logistics Multiple revenue streams in automotive retailing providenatural hedge and deliver portfolio effect Ability to derive cost efficiencies from critical mass Forensic, pro-active management of group operations Strong, enduring relationships with major automotivemanufacturers Proven model for growth initiatives – identify well,buy/grow efficiently, integrate effectively andmanagement profitability.

Automotive

Automotive Strong and experiencedmanagement team Strict processes and controls Continue to implement bestpractices Continued organic andgreenfield growth Strong balance sheet facilitatesacquisition opportunities

Strong balance sheet facilitatesacquisition opportunities m m31 Dec 09 30 Jun 09Total DebtCurrentLess, finance co. floorplan loans*Short Term Debt (excl floorplan)Less CashNet Current Cash Position (excl floorplan)Non Current DebtNet Debt (excl ludes 25m cash offset (Dec 09)/ 20m cash offset (Jun 09)Undrawn Bill Facility at 31 Dec 2009 - 51.8mFloorplan headroom at 31 Dec 2009 - 133m (subject to inventory levels)

Floorplan ehicle CODFUNDSFLOW(St. George, Toyota Finance,Nissan Finance, UDC,Mercedes Benz ent) within 48 hoursof dealership saleto customerRETAILFINANCE DealershipSellsVehicleCustomer generallyCODFinance providedto customer ifrequiredVehicle inventory financed by floorplan financingFloorplan is repaid within 48 hours of sale of vehicle to customerInterest on floorplan is charged at a small margin above the 90 daybank bill swap rate as the lender participates in retail paper written.Stock turn KPI 8 x pa/45 day supply – constantly refreshing facilityAutomotive Holdings Group Limited11

Logistics

Logistics Rand Transport- Australia’s largest refrigerated transport company Amcap- mature business to maintain a strong market position KTM- pricing pressures for 2010 VSE/GTB- Trading conditions for engineering and GTB toimprove following ease of supply issues- storage not expected to recover until 2H CY10

Rand Transport Acquired in 1986 Australia’s largest refrigeratedtransport company Operations in every mainlandstate of AustraliaBrisbane Strong business modelSydney Strong managementPerthAdelaideMelbourne 50% increase in capacity in2010/11 (42k pallet storage to66k pallet storage)

Melbourne Coldstore(Artist’s Impression)

GROUPOUTLOOK

Group Outlook Consumer and business sentiment remains high¹ Low unemployment Low interest rates Strong management and resilient business model tocontinue to deliver solid financial results Maintain strong business practices Acquisition opportunities¹ Westpac-Melbourne Institute Survey of Consumer Sentiment – 10 Feb 2010/NAB’s Monthly Business Survey & EconomicOutlook – Jan 2010

AHG - Australia’s largest automotive retailer

APPENDICES

Board of Directors Bronte Howson (Managing Director) – 28 years inautomotive and logistics, 22 years with AHG, 10 asMD/CEO. Hamish Williams (Executive Director Strategy andPlanning) –17 years with AHG, including 13 yearsas Finance Director.Bob Branchi (Non-Exec Chairman) – 53 yearsindustry experience, 28 as a Director at AHG.David Griffiths (Independent Non-Exec Directorand Deputy Chairman) – 15 years experience inequity capital markets, mergers and acquisitionsand the corporate advisory sector.Greg Wall (Independent Non-Exec Director)30 years banking and finance experience, 10 yearsCEO StateWest Credit Society Ltd. 20

Board of Directors John Groppoli (Independent Non-Exec Director)Ex partner of national law firm Deacons from 1987 to2004, currently MD of Milners Pty. Ltd. a leadingAustralian brand marketing group specialising in highend home products.Peter Stancliffe (Independent Non-Exec Director)35 years experience in management of majorcorporations in Australia and overseas. Former CEOof Australian National Industries Limited and PirelliCables Limited.Michael Smith (Independent Non-Exec Director)Strategy consultant with considerable experience instrategy, marketing and finance. Current Chairman ofSynergy, WA’s largest energy retailer and iiNet,director of 7-Eleven Stores.21

Current Market ShareAHG number of franchises²Manufacturer% National Marketshare¹TotalWANSWQLDVICNZ1. Toyota20.5%431---2. Holden13.3%9234--3. Ford8.7%75---24. Mazda8.4%4-2--25. Hyundai8.4%53-2--6. Nissan6.1%8431--7. Mitsubishi5.8%11326--8. Honda4.1%------9. Subaru4.1%6213--10. VW3.3%422---11. Suzuki2.3%8116--Sub Total66251522-4Other Brands221228--Other Trucks158-61-TOTAL10345173614¹ VFacts ACT Report Federal Chamber of Auto Industries March 2010²Individual franchise agreements. Multiple franchises at many sites

Strong Inventory Management* 450 445 430 410 million 390 407 398 387 407 370 346 350 330 310 295 290 295 270 250Jun 08Dec 08Group InventoryJun 09Dec 09Finance Company Floor Plans Continued tight inventory controls Group days supply 48 days June 2008, 46 days June2009, 46 days December 2009* Includes inventory from Other Logistics

Vehicle sales growth forecastAvg approx 1mvehicles p.a.1000000# Vehicles80000060000040000020000001996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010F¹New vehicle sales forecast for CY10 up 4% on CY09¹¹ AutoTeamAustralia January 2010

Automotive retail and logistics group founded in 1952 † Largest automotive retailer in Australia by sales, profitability and market capitalisation - 103 high profile passenger and commercial vehicle dealerships throughout Australia - Franchises covering 10 of the top 11 selling automotive