A.P. Eagers Limited is a pure automotive retail group with our main operations in southern and central Queensland, Adelaide, Darwin, Melbourne, Sydney, the Newcastle/Hunter Valley region of New South Wales and Tasmania.
We represent a diversified portfolio of automotive brands, including all 20 of the top 20 selling car brands in Australia and 10 of the top 11 selling luxury car brands. In total, we represent 33 car brands and 14 truck and bus brands.
Our core business consists of the ownership and operation of motor vehicle dealerships. We provide full facilities including the sale of new and used vehicles, service, parts and the facilitation of allied consumer finance. To complement our vehicle dealerships, we also operate a substantial motor vehicle auction business, Brisbane Motor Auctions.
Our operations are generally provided through strategically clustered dealerships, the majority of which are situated on properties owned by us, with the balance leased.
We own $299 million of prime real estate positioned in high profile, main road locations in Brisbane, Sydney, Melbourne, Adelaide and Newcastle.
Dividends and EPS Growth
We have paid a dividend to shareholders every year since listing in 1957, and a record dividend in 15 of the past 16 years. A.P. Eagers also has a track record of delivering Earnings Per Share (EPS) growth from acquisitions. Further information about our acquisition growth can be viewed on our Timeline.
Our origins trace back to 1913 when Edward Eager and his son, Frederic, founded their family automotive business, E.G. Eager & Son Ltd, which continues today as a wholly-owned subsidiary of A.P. Eagers Limited.
After establishing the first motor vehicle assembly plant in Queensland in 1922, the business secured the distributorship of General Motors’ products in Queensland and northern New South Wales in 1930 and listed as a public company in 1957 under the name Eagers Holdings Limited.
A merger in 1992 with the listed A.P. Group Limited saw the addition of a number of new franchises and our name change to A.P. Eagers Limited. Further new franchises and geographic diversification have since followed.
Since 2000, our sales revenue has increased from $500 million to more than $3.8 billion, profit after tax has increased from $87.0 million to $105.5 million in 2016 and the number of employees has increased from 600 to 5,360.
Our operations expanded into the Northern Territory with the acquisition of Bridge Toyota in 2005.
In 2007, we established ourselves on the Gold Coast with the acquisition of Surfers City Holden.
The addition of Kloster Motor Group in the Newcastle/Hunter Valley region in 2007 heralded our advance into New South Wales. Our operations in that state grew with the acquisition of Bill Buckle Auto Group in Sydney’s northern beaches region including Brookvale in 2008.
In 2010, we acquired the publicly listed Adtrans Group Limited, being South Australia’s premier car retailer and the operator of truck and bus dealerships in New South Wales, Victoria and South Australia. This acquisition represented our direct entry into the South Australian, Victorian and truck markets. We also acquired Caloundra City Autos Group in Queensland’s growing Sunshine Coast region in 2010.
Further expansion of our truck and bus operations occurred in late 2010 with the addition of six new franchises in New South Wales, Victoria and South Australia.
In 2012, we established Carzoos to provide used car customers with a 48 hour money-back guarantee and other benefits.
Daimler Trucks Adelaide and Eblen Motors were acquired in 2011 and Main North Nissan and Renault and Unley Nissan and Renault, Adelaide, were acquired in 2013, to complement our existing operations in South Australia.
A strategic holding in listed Automotive Group Holdings Limited (AHG) was acquired in 2012, providing A.P. Eagers with exposure to the West Australian market. This investment represented 19.9% of AHG, valued at $275 million, at the end of 2015.
Northern Beaches Land Rover and Jaguar were added to our Bill Buckle operations at Brookvale during 2013.
A new business, Precision Automotive Technology, was established in 2013 to source and distribute our own range of car care products (paint protection, interior protection, electronic rust protection and window tint products) under the brand names, Perfexion and 365+.
In 2014, our Queensland operations expanded through the acquisition of Ian Boettcher Motors representing Mazda, Nissan, Volkswagen, Suzuki and Proton in Ipswich, and the Craig Black Group representing Toyota, Hyundai, Volkswagen, Mitsubishi and Great Wall at multiple locations in south-west and central Queensland. Volvo Sunshine Coast and Reynella Subaru were also added to the group during 2014.
2016 saw further growth in the group portfolio with the acquisition of Motors Group Tasmania, including state-wide representation for Holden, HSV, Hyundai, Citroen, Isuzu Trucks, Volvo Trucks, Mack Trucks and UD Trucks, together with the Victorian businesses Silver Star Motors (Mercedes-Benz) in Doncaster and Burwood, Mercedes–Benz Ringwood and Waverley Toyota in Glen Waverley. These businesses represent a total of 12 car and truck brands.
Our representation in regional Queensland also saw substantial growth through the second half of 2016 with the acquisition of the Crampton Automotive and Tony Ireland Groups, now collectively known as A.P. Eagers Queensland Provincial. These acquisitions expanded A.P. Eagers into new geographic territories including Toowoomba, Townsville and Hervey Bay and include Holden, Hyundai, Mercedes-Benz, Citroen, Peugeot, Jaguar, Land Rover, Subaru, Chrysler Jeep Dodge and Isuzu Trucks.
In late 2016 we launched our first Carzoos retail stores at Westfield Garden City and North Lakes, introducing an entirely new way for customers to buy and sell used cars. Carzoos is supported by the company’s new finance initiative, Simplr and a further two Carzoos stores are scheduled to launch in 2017.