News and Announcements
LatAm Autos Investment Highlights
- Published October 26, 2016 2:12PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th October 2016, ASX Announcement
LatAm Autos Limited (ASX: LAA) (“LatAm Autos” or the “Company”), the leading online auto classifieds business in Latin America, is pleased to release a new investor presentation attached to this announcement following the release of MotorCredit today. The presentation outlines a compelling investment case which will be presented today at the Wholesale Investor conference in Melbourne, Australia.
Highlights
- The leading dedicated online auto-classifieds and content platform in Latin America (ex Brazil) with operations in six countries
- Accelerating path to profitability with near term visibility of A$30m p.a. revenue from both core auto-classifieds and related revenue streams
- Highly credentialed and well aligned Board and management team (shareholding of c. 42%)
- Investment has been made in scalable technology platform so marginal revenue expected to be increasingly profitable
- Increasing internet penetration and regional GDP per capita growth underpin rapid growth of the Latin American auto-classifieds industry
- Management team has unrivalled experience in founding, developing and monetising online classifieds businesses in Latin America
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