Company Details

LatAm Autos Ltd (ASX: LAA)

Company Information

  • Executive Summary

    Executive Summary

    LatAm Autos listed on the ASX on December 2014 and is the leading auto classifieds and content platform in Latin America. During its first year of operations, LAA focused its first half on integrating and enhancing its acquired assets and the second half on heavily investing to increase its market share while successfully rolling out 56 new technology upgrades. Committed to providing leading edge mobile technology solutions to its users, in 2016, LAA launched PTX Live. Through PTX Live, LAA now has live chat functionality among its portfolio of websites to revolutionize how marketplace users interact in real time. Recent Key Highlights include: a 57% average y-o-y revenue growth in local currency during 2H16 and cash collections growth ranging from 30%-47% in nearly every market on 1Q16 compared to its PCP.

    • First mover and leading market share strengthens the growth opportunities
    • “Best in class” professionals in each market and an experienced seed investor base and board of Directors
    • Technology and innovation focused strategy – Real time communication
    • Superior personalized customer service to dealers and individuals
    • Access to capital markets – liquidity
    • Economies of scale accomplished through centralization of processes and using the same backbone technology in all of LAA’s territories
    • Ongoing product and new business lines development – as LAA continues to improve the function and efficiency of its sites, PTX Live and apps, audience and engagement are expected to improve
  • Company Highlights

    Company Highlights

    • Leading Position: as determined by listings count (~186k) and monthly visits (~10m) to LAA’s websites
    • Exposure to strong structural trends in growing markets: LAA operates in markets characterised by (i) growing populations, (ii) growing GDP per capita and middle class, (iii) increasing internet and mobile penetration, (iv) shifting advertising spend online and (iv) rising vehicle ownership rates
    • Strategic value: With LAA holding leading assets across the region’s largest markets, there is significant strategic value in LAA which could appeal to international classifieds or online players as a one-stop entry to Latin America.
    • Replicating proven business models: There has been an auto classifieds shift online in developed countries quickly as the vertical is a natural fit for online advertising by virtue of the consumer desire to compare the nuances of listings and price discovery.
    • Further down the path of monetisation than its peers: LAA appear to be further down the monetisation path than its direct peer, ICQ, with Ecuador the most advanced along the monetisation curve.
  • Board & Management

    Board & Management

    Jorge Mejia Ribadeneira

    CEO & Executive Director
    Experienced Latin America digital media executive with 15 years’ experience. Founder of multitrabajos.com, Ecuador´s foremost jobs search engine, acquired by Navent (Tiger Global). Led the successful acquisition of five different Latin American based online classified...

    Experienced Latin America digital media executive with 15 years’ experience. Founder of multitrabajos.com, Ecuador´s foremost jobs search engine, acquired by Navent (Tiger Global). Led the successful acquisition of five different Latin American based online classified sites as Regional Vice President of Navent. As Founder & CEO of Grupo Centrico, founded Evaluar.com (Latin America’s leading HR evaluation company) and Seguros123.com (online insurance comparison portal), as well as the successful acquisition and integration of PatioTuerca.com and Vive1.com

    Tim Handley

    Co-Founder and Executive Chairman
    12 years entrepreneurial M&A (Gresham & UBS), equity and debt capital markets experience (including 7 years in Latin America).

    Gareth Bannan

    Co-Founder and CFO
    Eleven years M&A, capital markets and financial management experience (including five years in LatAm). Prior to LatAm Autos, Director of Chestnut Partners, a South American corporate finance firm based in Sao Paulo, Brazil. Former head...

    Eleven years M&A, capital markets and financial management experience (including five years in LatAm). Prior to LatAm Autos, Director of Chestnut Partners, a South American corporate finance firm based in Sao Paulo, Brazil. Former head of corporate finance for the investment company that owns one of Brazil’s largest online property classifieds. Previously at KPMG Corporate Finance and Rabobank in Australia. Substantial operational and advisory experience with online classified companies in numerous LatAm markets.

    Ariel Cilento

    COO
    Prior to joining LatAm Autos, Ariel was the Mexican country manager for Dridco, one of Latin America’s leading digital media companies with online classifieds for autos, jobs and real estate, where he was responsible for...

    Prior to joining LatAm Autos, Ariel was the Mexican country manager for Dridco, one of Latin America’s leading digital media companies with online classifieds for autos, jobs and real estate, where he was responsible for the start-up and development of Dridco in Mexico. Since setting up the business in 2009, revenues grew to US$4.5m in 2013 and the business achieved a consolidated audience of more than 5.5m visits per month. Prior to Dridco Ariel was the Vice President and Country Manager for Bumeran.com, a leading online employment classifieds business in Latin America.

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  • Contact Details

    Contact Details