Operational review
 

Bidvest Automotive
One of South Africa’s largest motor vehicle retailing groups. Bidvest Automotive
offers leading motor brands through 116 dealerships, as well as vehicle
auctioneering, comprehensive financial services, car and van rental and the full
range of Yamaha products.

     
 
Bidvest Automotive
 
 
R17,3 billion  
Revenue 10,7% increase  
 
R424,1 million  
Trading profit 60,4% increase  
 
Revenue
(Divisional contribution %)
  Trading profit
(Divisional contribution %)
 
  Bidvest Automotive
Community engagement
Founded in 1998 by McCarthy, the Financial Mail and the READ Education Trust, Rally to Read is an educational initiative founded on a high level of personal involvement by sponsors and supporters. From its early days as a campaign to distribute educational books to a handful of schools in KwaZulu-Natal, Rally to Read has developed into an educational programme that has invested over R50 million in books and teacher training for thousands of rural schools.
 
     
 
    Highlights
  • McCarthy Motor Group more than doubles trading profit to R208 million
  • McCarthy VW/Audi remains top motor franchise profit contributor
  • Virtually all the smaller franchises stage impressive profit turnarounds
  • Used vehicles become an even more significant profit contributor in McCarthy Motor Group with a
    34% increase in net contribution
  • Almost 800 000 vehicles serviced and repaired
  • Bidvest Financial Services increases trading profit by 165% from R58,2 million to R154,1 million
  • Substantially improved financial results in motor and financial services despite a decline in retail vehicle
    sales from 75 114 to 72 291 units
  • Extensive restructuring successfully implemented
  • Continued training of informal mechanics at Orange Farm
  • Owner-driver scheme involving 20 former employees launched
  • Artisan Academies remain leading automotive industry training provider
  • Staff trained to ensure compliance with Consumer Protection Act
 
     
 
Financial indicators
(for the year ended June 30)
  2010  
R’m  
2009(1)
R’m   
Revenue   17 297,5   15 626,3   
Trading profit   424,1   264,4   
Operating assets   4 286,1   2 913,4   
Operating liabilities   1 952,5   1 913,0   
Depreciation   85,7   64,6   
Goodwill and intangible assets     238,1   238,1   
 
     
 
Sustainable development indicator overview        
Employees   6 699   6 719   
Total training spend (R’000)   86 736   65 301(2)
Training spend per employee (R)   12 948   9 719(2)
Employees attending HIV/Aids training (%)   59,8   43,5   
Lost-time injury frequency rate   2,6   1,8   
Work-related fatalities (number)   –   –   
BEE procurement (R’000)   7 074 620   5 664 710   
CSI spend (R’000)   7 408   3 255   
Enterprise development spend (R’000)   1 716   2 982   
Total water usage (litres ’000)   358 081   316 300(3)
Total electricity usage (kWh ’000)   43 765   45 500(3)
Petrol (litres)   6 471 009   7 600 000(3)
Diesel (litres)   489 131   558 000(3)
Total carbon emissions (tonnes)   60 648   66 878   
Carbon emissions per employee (tonnes)    9,1   9,6   
(1) 2009 sustainable development figures include McCarthy Fleet Services which was transferred to Bidvest Services. Other than the number of employees, the 2009 figures in relation to the transfer, have not been restated as the impact is not considered significant
(2) Restated to include learnerships
(3) Restated  
 
     
  QUICK LINK: Historic divisional sustainable development data