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Aston Martin - 26Q1 Results Call
 
SARRIA LIVE MODEL
SARRIA ANALYSIS
CORPORATE FILINGS
Results Call

- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed -

 

Intro, Cap and Legal Structure - 9 Apr 25

Main Drivers - 9 Apr 25

Tariffs and Expectations - 9 April 25

Brand Value - 9 Apr 25

Investment Discussion - 9 April 25

 
SARRIA News - CWT
Aengus McMahon
Aston Martin - comment
Aengus McMahon

After last week’s release, the bad news is already out there. Given the liquidity concerns, the full drawing of the RCF (an additional £60m) was

Aengus McMahon
Aengus McMahon
Aston Martin - comment
Aengus McMahon

AML will have >GBP300m of liquidity after the F1 transaction, but 2025 has ended even weaker than expected. 2026 is expected to see some

Aengus McMahon
Aengus McMahon
Aston Martin - comment
Aengus McMahon

The financial metrics behind the downgrade from Fitch to CCC+ match our thinking. We believe a further cash injection will be needed and

Aengus McMahon
Aston Martin - comment
Aengus McMahon
Aston Martin - comment
Aengus McMahon

The Q3 and updated FY25 numbers are a little above our recent model update. For now, we are not altering our model and still expect new cash will be

Aengus McMahon
Aengus McMahon
Aston Martin - comment
Aengus McMahon

The downgrade to CCC+ will restrict some investors; however, the overall impact is small. Management has already highlighted that some

Aengus McMahon