CT Automotive CEO, Simon Phillips and CFO, Anna Brown present the group's results for the half year ended 30 June 2024, followed by Q&A.

Simon Phillips, CEO
00:16 - Introduction
00:34 - About CT Automotive

Anna Brown, CFO
03:16 - HY24 Financial highlights

Simon Phillips, CEO
05:18 - HY24 Operational highlights

Anna Brown, CFO
07:06 - Income statement
09:13 - Revenue bridge
10:41 - Gross profit margin bridge
12:26 - Adjusted EBITDA bridge
13:47 - Balance sheet
14:42 - Net debt bridge
16:17 - ESG

Simon Phillips, CEO
17:09 - Operational review
19:23 - Automation
20:31 - Outlook

22:00 - Q&A

CT Automotive is engaged in the design, development and manufacture of bespoke automotive interior finishes (for example, dashboard panels and fascia finishes) and kinematic assemblies (for example, air registers, arm rests, deployable cup holders and storage systems), as well as their associated tooling, for the world's leading automotive original equipment suppliers ("OEMs") and global Tier One manufacturers.

The Group is headquartered in the UK with a low cost manufacturing footprint. Key production facilities are located in Shenzhen and Ganzhou, China complemented by additional manufacturing facilities in Mexico, Türkiye and Czechia.

CT Automotive's operating model enables it to pursue a price leadership strategy, supplying high quality parts to customers at a lower overall landed cost than competitors. This has helped the Group build a high-quality portfolio of OEM customers, both directly and via Tier One suppliers including Forvia and Marelli. End customers include volume manufacturers, such as Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such as Bentley and Lamborghini. In addition, the Group supplies all our customer base with a range of products for PHEV and BEV platforms and supplies electric car manufacturers, including Rivian and a US based major EV OEM.

The Group currently supplies component part types to over 57 different models for 22 OEMs. Since its formation, the Group has been one of the very few new entrants to the market, which is characterised by high barriers to entry.

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