Corporate Presentation 2019 Hedin Auto Motive Hedin Performance Cars
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NOVEMBER CORPORATE PRESENTATION 2019 HEDIN AUTO MOTIVE HEDIN PERFORMANCE CARS CTG www.andershedinvinvest.se One of the largest privately owned vehicle dealerships in Northern Europe. Anders Hedin owns 100 percent of Anders Hedin Invest with an expected revenue of €2,5 billion in 2019. RENTAL VEHICLES SUPPLEMENTARY BUSINESS HEDIN IT INVESTMENTS 5 NORWAY LULEA SKELLEFTEA OSTERSUND TRONDHEIM KRISTIANSUND BUD MOLDE ÅLESUND SWEDEN GAVLE BERGEN UPPSALA NORRTALJE GARDERMOEN ENKOPING STOCKHOLM ESKILSTUNA LILLESTRØM KARLSKOGA TYRESO OSLO OREBRO SON HAUGESUND SØR SODERTALJE STROMSTAD CLASSIC CENTER SON STAVANGER URG SKIEN ENB TH GO BRYNE LINKOPING UDDEVALLA SIREVÅG LYSEKIL TROLLHATTAN VARA ARENDAL ALINGSAS FARUSUND KRISTIANSAND JONKOPING BORAS ANLÄGGNINGAR HEDIN BIL - KONCERNEN GOTHENBURG KUNGSBACKA ANDERSTORP VARBERG VARNAM0 LJUNGBY 2,400 MEUR turnover in 2018 HALMSTAD ANGELHOLM KRISTIANSTAD BELGIUM HELSINGBORG 78,504 retailed vehicles in 2018 (31,541 used cars) LUND BRASSCHAAT MALMO BURLOV KAPELLEN MB CERTIFIED SINT-NIKLAAS EEKLO LIER BERLAAR TRELLEBORG LOKEREN GERMANY employees across 5 countries GENT KONTICH 3,500 GENT MB CERTIFIED SINT-MARTENS-LATEM BOORTMEERBEEK BREMERHAVEN AALST ZOTTEGEM NINOVE SWITZERLAND 108 dealerships 34 years in the industry BUTZBACH 32 brands LUGANO 7 TABLE OF CONTENT A WORD FROM THE CEO A word from the CEO............................................................................................... 7 Company structure .........................................................................................9 Business concept, strategy, environment and quality ...................................... 11 FROM ZERO... I.A. Hedin Bil AB ........................................................................................................... 13 Company structure I.A. Hedin Bil AB .................................................................... 15 Bavaria AS & Bavaria Sverige Bil AB ....................................................................... 17 Dealerships & Brands .............................................................................................. 19 In 1985, my father and I obtained the opportunity to acquire the Philipson car business in Borås. Our Hedin Performance Cars AB ..............................................................................21 company was the official dealer for Mercedes-Benz and Nissan. In our first year, we had a turnover Brand managers & Dealerships ............................................................................ 23 of SEK 45 million, delivered 800 new and used vehicles. Over the years we have expanded, invested GS Bildeler AS .......................................................................................................25 and established ourselves as the largest private automotive dealer in the Nordic countries. Car to go Sweden AB ...................................................................................... 27 Klintberg & Way Group AB .................................................................................... 29 KW Parts AB.............................................................................................................. 31 …to twentyfour billions Expansion outside northern Europe In the fall of 2018 Hedin Performance Tires and rims ........................................................................................................... 33 The Anders Hedin Invest group is 100 One of the major events in 2018 was the Cars opened a new Porsche-certified Klintberg & Way Automotive SA ........................................................................... 35 percent privately owned by Anders He- establishment of our business in Belgium. repair center in Gothenburg. Mabi Mobility AB ..................................................................................................... 37 din. The business consists of the mana- During spring we took over the opera- Lasingoo Sverige AB ............................................................................................... 39 gement and development of the subsi- tion of seven dealerships in and around The used car market Hedin IT AB ............................................................................................................... 41 diaries, which are mainly in three areas: Ghent and after the summer another On the 1st of November 2018, Hedin Bil I.A. Hedin Fastighet AB ........................................................................................... 43 vehicles (I.A. Hedin Bil AB, Klintberg & five dealerships around Antwerp. To ex- launched Hedin Certified with the goal Ripam Invest AB ...................................................................................................... 45 Way Group AB and Car to Go Sweden pand into a new market has been an of becoming a leader in the used car Tuve Bygg AB ........................................................................................................... 47 AB), rental vehicles (Mabi Mobility) and exciting challenge and in 2019, three market. We think buying and selling Consensus Asset Management AB ...................................................................... 49 spare parts and wheels (companies more dealerships and one repair center used cars should be safe, affordable Milestone and history ............................................................................................. 51 within the Klintberg & Way Group). has been acquired in Belgium. and easy. The Hedin Certified concept Board of Directors ................................................................................................... 54 will be implemented in all the subsidia- The I.A. Hedin Bil retail business (the Focus on aftermarket ries within the Hedin Group. origins of the group), with its 108 auto- The aftermarket is an increasingly im- motive dealerships in Sweden, Norway portant part if the car business, we and Belgium, is 91 percent owned by have acquired Skadecenter i Borås AB Anders Hedin Invest AB. The remaining on September 28th 2018. This expands 9 percent is owned by Ingemar Hedin. bot the workshop and the repair center to meet the customer’s needs in Borås. Anders Hedin, CEO 9 COMPANY STRUCTURE ANDERS HEDIN INVEST AB 556702-0655 I.A. Hedin Bil AB Lasingoo Sverige AB Hedin IT AB A.H. Värdepapper AB I.A. Hedin Fastighet AB Tuve Bygg AB Consensus Asset (91%) Car to Go Sweden AB Klintberg & Way Group AB MABI Mobility AB Pendragon Plc. Ripam Invest AB (16,6%) (100%) (100%) (100%) (65%) Management AB (28%) 556065-4070 (100%) (100%) (100%) (11,6%) (50%) 556787-8052 559124-2945 556675-9394 556973-1630 556954-4017 02304195 556870-7540 556707-7440 559015-6708 556202-1237 556898-6037 (Ingemar Hedin 9 %) Hedin Göteborg Bil AB Unifleet AB Mabi Sverige AB Societetshuset Fastighet i Marstrands Hedin Mölndal Tuve Byggservice AB (100%) (100%) (100%) Marstrand AB (100%) Kurbadhus AB (100%) Fastighet AB (100%) (100%) 556061-3456 556254-5193 556334-4901 556450-8553 556859-5325 559157-8827 556333-9745 Hedin Helsingborg Bil AB Mabi Deutschland Marstrands Tuve Snickeri AB (100%) GmbH (100%) Kulturfastighet AB (90%) (100%) 556134-5710 29/405/01734 556629-6199 556284-3648 Hedin Stockholm Bil AB Flexilease AB Tuve Förvaltning AB (100%) (100%) (100%) 556944-7492 559061-2726 556633-1145 Hedin Örebro Bil AB (100%) 556041-2180 Hedin Mölndal Bil AB Klintberg & Way Klintberg & Way Klintberg & Way Parts AB (100%) Automotive SA (100%) Automotive AB (100%) (100%) 556281-3617 CHE-287.970.539 559124-2937 556563-6932 KC Motors AB Klintberg & Way Cars AB Klintberg & Way Parts NV (100%) (100%) (100%) 556983-5423 559009-9429 453.881.311 Hedin Belgien Bil AB Klintberg & Way Klintberg & Way Norge AS (100%) Homologering AB (80%) (100%) 559074-6466 556969-3624 977515998 Hedin Automotive AS Klintberg & Way Parts BHC GmbH (100%) GmbH (100%) HRB.30976 NO 989 690 728 HRB.144881 Hedin Performance Cars AB Dawa Däck AB (100%) (100%) 556604-9234 556437-9344 Pro-Imp AB (100%) 556478-3412 Wheelspot AB (100%) 556576-1797 KW Wheels AB (100%) 556969-3624 11 BUSINESS CONCEPT, STRATEGY, ENVIRONMENT AND QUALITY The group will be a leading partner in meeting market demands for vehicle-based transportation. We generate value for our customers through first-rate availability, Anders Hedin Invest AB is a Swedish privately-owned investment company ” investing in businesses mainly related to the automotive industry. The ob- service and delivery assurance. Cooperation with custo- jective of the business is to manage and develop our present investments mers and suppliers will lead to long-term profitability and and to invest in future business opportunities that will support and leverage on current business. The company’s subsidiaries operate primarily within continued development. four areas; vehicle sales and aftermarket services, car rental services, Anders Hedin Invest AB´s Business Concept properties, and business related to spare parts and wheels. Anders Hedin Invest AB had a turnover of €2,418,409 in 2018 and has just over 3,100 employees. The head quarters is located in Mölndal, Sweden. Business concept The objective of the business is to manage and develop its subsidiaries and to invest in future business opportunities that will leverage on and drive current in- vestments. Strategy Our overall strategy is profitable growth through continuous development and improvement. Profitability will increase through improved service levels, higher productivity and motivated employees in all of Anders Hedin Invest's subsidiaries. Growth