ASHTON MARTIN
READIES FOR POTENTIAL LONDON STOCK EXCHANGE IPO
THE COMPANY
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Founded in 1913, by Lionel Martin and Robert
Bamford, based in Gaydon, England, Aston Martin is an exclusive luxury sports
car company with a unique British heritage.
Þ
From its humble origins to today, on road and
track the irresistible draw of an Aston Martin endures. People all over the
world seek their beautifully designed cars; cars that have always been
synonymous with high performance, bespoke craftsmanship, technological innovation
and timeless style.
Þ
Aston Martin designs and creates sports cars
offering style and performance which are sold in 53 countries around the world.
The iconic brand fuses the latest technology, exceptional hand craftsmanship
and graceful styling to produce pioneering models including the DB11, Rapide S,
Vanquish S, Vantage S and Vanquish Zagato.
THE NOW & THE
FUTURE OF ASHTON MARTIN
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The Second Century Plan for sustainable
long-term growth has been recently launched. With introduction of new models
including the DB11, new Vantage, Vanquish and an SUV and starting of new
manufacturing facility.
Þ
Under its Second Century Plan, Aston Martin is
expanding its manufacturing footprint with the construction of a new plant at
St Athan in Wales, due to open in 2019, and Aston Martin has also resumed
production of specialist models at Newport Pagnell for the first time in 10
years.
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A further extension of its product range with
the launch of new models including the DB11 Volante and new Vantage.
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It has begun deliveries of its
limited-production DB4 GT Continuation model. The product roll-out coincides
with a 9% increase in the Group’s average selling price in 2017, reflecting an
improving product and market mix – including the benefits of a full year of
DB11 sales – and uptake of higher-specification options.
Þ
It expects to sell 6,200 to 6,400 this year,
climbing to 7,100 to 7,300 next year and up to 9,800 in 2020 when its new plant
in Wales comes on stream. In the long run, the business expects to make and
sell up to 14,000 cars a year.
Þ
Leading brand valuation experts Brand Finance
have named Aston Martin the fastest growing brand in its 2018 Auto 100 table,
with its brand value growing 268% in value over the last year.
EXPERIENCE A NEW
AROMA OF LUXURY WITH ASHTON MARTIN
Aston Martin Consulting Managing Director, Bradley
Yorke-Biggs said:
‘Project Neptune is a flagship project for
Aston Martin Consulting. It is a clear and engaging demonstration of how Aston
Martin’s expertise in sports car design and craftsmanship can be extended into
new aspects of the luxury world.”
Þ
Project Neptune, a creative collaboration with
Triton Submarines LLC, the acclaimed manufacturer of state–of-the-art
submersibles enables Ashton Martin to further enhance and grow the brand into
new aspects of the luxury world, with all the performance, beauty and elegance
one has come to expect from the British marque.
Þ
Project Neptune marries Triton’s diving and
operational expertise with Aston Martin’s design, materials, and craftsmanship.
The partnership has shaped a unique concept that will lead to an exclusive,
strictly-limited edition vehicle.
ELECTRIC CAR'S BY ASHTON
MARTIN
Þ
The revival of the Lagonda brand as an
all-electric rival to Rolls-Royce and Bentley, with an ambition of driving
current owners of Tesla vehicles further upmarket.
Þ
The group will launch two Lagonda models, the
first arriving in 2021; it already unveiled a concept design for the brand at
the Geneva Motor Show.
Þ
“The Lagonda brand is roughly the same age as
Rolls-Royce,” said Andy Palmer, chief executive of Aston Martin. “But in its
new form Lagonda will be all electric. It will appeal to people other than
traditionalists, such as those who want to upgrade from a Tesla.”
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Aston Martin’s plan to make the two Lagonda’s is
part of a seven-year plan to launch a new mainstream model every year until
2023, the turnaround includes its prestigious stock market listing.
Þ
The company has pledged to embrace electric
technology, with every model with hybrid technology or full battery power by
2025.
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The brand is also launching its first full
electric vehicle, the RapidE sports car, next year in order to understand the
market.
Þ
Aston Martin hopes to capture the luxury space
for the technology that is slated to dominate the industry in future as
combustion engines become phased out over the coming decades.
THE FINANCIALS
SUMMARY
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Rising demand drives record revenues,
profitability and cash-generation
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Annual pre-tax profits grow by quarter of a
billion pounds year-on-year
Þ
Positive free cash flow, one year ahead of plan
Þ
Highest unit sales in nine years driven by
demand for DB11
Þ
2017 Q4 represents strongest quarterly
performance in the Group’s history
Þ
2017 Financials:
§
£ 876 M – 48% up compared to 2016
§
£ 207 M – doubled compared to 2016
§
£ 87 M – Pre-tax profit, reversed a pre-tax loss
of £163M in 2016
IPO INFORMATION
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The luxury carmaker announced plans to sell
about £1bn worth of shares in the initial public offering (IPO) being one of
the most potential IPO listing of the year.
Þ
A deal that could value James Bond’s favourite
sports car brand at about £5bn.
Disclaimer
Views are strictly personal. This Interim Financial Results & News posts or updates includes forecasts, projections and other predictive statements that represent Vtrade's assumptions and expectations in light of currently available information. These forecasts, etc., are based on industry trends, circumstances involving companies and other factors, and they involve risks, variables and uncertainties. The Group’s actual performance results may differ from those projected in these Interim Financial Results. Consequently, no guarantee is presented or implied as to the accuracy of specific forecasts, projections or predictive statements contained herein.
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