Table of Contents 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State or ...

FIRST QUARTER 2024 FINANCIAL RESULTS April 2024 FORWARD-LOOKING STATEMENT DISCLAIMER Statements in this presentation may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, our ability to successfully complete pending acquisitions and satisfy applicable c ...

财务数据和关键指标变化 - 公司第一季度总收入增长4%,其中新车销量增长6%,二手车销量增长2% [15] - 公司利润和每股收益受到利息成本上升17.4百万美元的负面影响,主要由于利率上升和库存水平较高 [11] - 公司在Penske Transportation Solutions的权益收益下降4800万美元,主要由于商业租赁利用率下降、消费者租赁收入下降、平均债务余额利率上升以及出售收益性设备收益下降 [12] 各条业务线数据和关键指标变化 - 公司在美国和英国的零售业务受到供应链问题和产品召回的影响 [10] - 公司商用车业务Premier Truck Group第一季度销量下降12%,但毛利率提升190个基点 [25][26] - 公司在澳大利亚的商用车和发电系统业务保持良好增长,订单量超过5.5亿美元 [30][31][32][33] 各个市场数据和关键指标变化 - 美国新车毛利下降302美元,二手车毛利增加428美元 [61] - 英国新车毛利下降265英镑,电动车毛利较燃油车低1400英镑 [59] - 公司在英国市场占有率较高,如梅赛德斯-奔驰业务占比超过20% [156][157][158][159] 公司战略和发展方向及行业竞争 - 公司通过收购继续扩大在国际市场的优质品牌业务,预计年收入增加11亿美元 [13][43][44][45] - 公司在澳大利亚收购保时捷和杜卡迪品牌,利用现有的商用车和发电系统业务进行协同发展 [44][45] - 公司在英国市场保持高端品牌业务占比,并通过代理商模式提高运营效率 [156][157][158][159] 管理层对经营环境和未来前景的评论 - 管理层对二季度及后续期间Penske Transportation Solutions业务的盈利能力提升持乐观态度 [106][107][108][109][110][111][112][113][114][115][116][117] - 管理层认为公司在优质品牌业务和资本配置策略方面保持优势,对未来发展前景充满信心 [46] 其他重要信息 - 公司一季度经营活动产生现金流4.56亿美元,资产负债率为25.7% [35][36][37][38] - 公司通过提高分红、股票回购等方式持续回报股东,自2022年以来分红增加53% [39] 问答环节重要的提问和回答 问题1 **John Murphy 提问** 新车毛利保持较好的原因 [50][51][52][53][54][55][56][57][58][59][60] **Roger Penske 和 Rich Shearing 回答** 公司在优质品牌和高端车型的销售占比较高,以及通过提高销售人员效率等措施来维护毛利水平 [50][51][52][53][54][55][56][57][58][59][60] 问题2 **Michael Ward 提问** 公司在英国市场的扩张计划和机会 [83][84][85][86][87] **Randall Seymore 回答** 公司将继续保持在英国优质品牌业务的领先地位,并寻求适当的收购机会进一步扩张 [83][84][85][86][87] 问题3 **Rajat Gupta 提问** Penske Transportation Solutions业务未来的盈利前景 [106][107][108][109][110][111][112][113][114][115][116][117] **Roger Penske 回答** 公司通过缩减租赁车队、优化维修成本、提高利用率等措施,预计Penske Transportation Solutions业务的盈利能力将在二季度实现环比改善 [106][107][108][109][110][111][112][113][114][115][116][117]

FOR IMMEDIATE RELEASE PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS Retail Automotive Revenue Increased 3% Gross Margin of 16.7% Increased 40 Basis Points Sequentially Selling, General, & Administrative Expenses as a Percentage of Gross Profit Improved Sequentially By 30 Basis Points to 70.7% Profitability Impacted by Lower Equity Earnings from PTS and Higher Interest Expense BLOOMFIELD HILLS, MI, April 30, 2024 – Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation serv ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State or other juri ...

Penske Automotive Group, Inc. (NYSE:PAG) Q4 2023 Earnings Conference Call February 7, 2024 2:00 PM ET Company Participants Anthony Pordon - Executive Vice President of Investor Relations and Corporate Development Roger Penske - Chairman and Chief Executive Officer Richard Shearing - Chief Operating Officer, North American Operations Randall Seymore - Chief Operating Officer, International Operations Shelley Hulgrave - Chief Financial Officer Tony Facione - Vice President and Corporate Controller Conference ...

Table of Contents 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State ...

THIRD QUARTER 2023 FINANCIAL RESULTS October 2023 FORWARD-LOOKING STATEMENT DISCLAIMER Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry conditions and even ...

Penske Automotive Group, Inc. (NYSE:PAG) Q3 2023 Earnings Conference Call October 25, 2023 2:00 PM ET Company Participants Anthony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and CEO Shelley Hulgrave - Executive Vice President and CFO Rich Shearing - North American Interoperations Randall Seymore - International Operations Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Michael Ward - B ...

Table of Contents 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State or o ...