Ann: 2020 Half Year Results Presentation, page-3

Continuing with the 26 August 2020 webcast from MD and CFO, any further matters re GM Holden 'won't be material' except for the c.$34 million compensation payment from GM that is yet to feature in APE's accounts.

Property is a significant area of concentration even though it's only 10 to 12 per cent of APE's cost base.

Pre-owned (used) vehicles are also significant.

The core remains its automotive franchising such as with Toyota, Mercedes Benz etc.

The company is very pleased that even with the deleterious effect of COVID-19, it has still outperformed the market.

Credit approvals (for customers) in the last three-four months 'have not been easy.' However penetration (of customers for credit) will move back to normal over time. During April and May 2020, thye company had to concentrate on the decline in sales. That's changed to be a bit more positive.

Overall this remains a good company in which to invest although my understanding of its finance processes is not high.