A.P. Eagers Limited is a pure automotive retail group with our main operations in 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 19 of the top 20 selling car brands in Australia and 9 of the top 10 selling luxury car brands. In total, we represent 27 car brands and 10 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.
Our operations are typically provided through strategically clustered dealerships, many of which are situated on properties owned by us, with the balance leased.
We own $332 million of prime real estate positioned in high profile, main road locations in Brisbane, Sydney, Melbourne, Adelaide and Newcastle.
Dividends and EPS Growth
A.P. Eagers has paid a dividend to shareholders every year since listing in 1957, and a record dividend in each of the past 10 years. We have a track record of delivering Earnings Per Share (EPS) growth from acquisitions.
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 $4.1 billion, profit after tax has increased from $4.3 million to $101.2 million in 2018 and the number of employees has increased from 600 to 4,342.
We expanded into the Northern Territory with the acquisition of Bridge Toyota in 2005.
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 was 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.
Daimler Trucks Adelaide and Eblen Motors were acquired in 2011 and Main North and Unley Nissan and Renault, in 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 us with exposure to the West Australian market. At the end of 2018 this investment represented 28.8% of AHG, valued at $149.2 million.
In 2013, Northern Beaches Land Rover and Jaguar were added to our Bill Buckle operations at Brookvale.
A new business, Precision Automotive Technology, was established in 2013 to source and distribute our own range of car care products.
In 2014, our Queensland operations expanded through the acquisition of Ian Boettcher Motors in Ipswich and the Craig Black Group 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 with the acquisition of Motors Group Tasmania and the Victorian businesses Silver Star Motors, Mercedes–Benz Ringwood and Waverley Toyota, representing 12 car and truck brands.
Our presence in regional Queensland grew substantially in 2016 with the acquisition of the Crampton Automotive and Tony Ireland Groups, taking us into new geographic territories in Toowoomba, Townsville and Hervey Bay.
Also in 2016, we launched our first Carzoos retail stores at Westfield Garden City and North Lakes shopping centres, introducing an entirely new way for customers to buy and sell used cars. Carzoos is supported by our finance initiative, Simplr.
We completed the acquisition of Toowoomba Motor Group (Mitsubishi and Kia), Metro Nissan (Brisbane) and Southern Vales Nissan (Adelaide) in 2018.
We have also commenced the design phase for our automotive retailing and mobility hub which will be set on 64,124m2 of land in Brisbane Airport’s new $300 million BNE Auto Mall. The plan is to create a world-class automotive retailing experience for our customers of the future.