Full Year 2020 AMA Group Ltd Earnings Call Transcript
Ladies and gentlemen, welcome, and thank you for joining the AMA Group FY '20 Results Call. CEO, Andy Hopkins; and CFO, Steven Becker, will take you through the results for the group for FY '20, followed by a Q&A session.
I will now hand you over to Andy.
Good morning, everybody, and thanks for joining the webinar this morning. You would all have access to the Investor Presentation uploaded on the ASX this morning. Steve and I will take you through the FY '20 key points, but we don't intend to take you through each page of the presentation. I will now provide a broad overview of the activities for FY '20 and the outlook for FY '21, which is actually very exciting.
The first half of FY '20 delivered below our expectation mainly due to the unseasonal prolonged dry weather, static prices in an environment of rising prices, increased costs from increased ADAS technology and year-on-year decreases in the new car sales. And on top of that, we were distracted with a few large
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