Driven Brands Holdings Inc (NAS:DRVN)
$ 11.6 0.45 (4.04%) Market Cap: 1.90 Bil Enterprise Value: 5.92 Bil PE Ratio: 0 PB Ratio: 2.10 GF Score: 72/100

Driven Brands Holdings Inc at Bank of America Consumer & Retail Conference Transcript

Mar 14, 2023 / 01:40PM GMT
Release Date Price: $28.26 (+3.90%)
Elizabeth Lane Suzuki
BofA Securities, Research Division - VP

All right. Great. Thanks, everybody. So up next in today's agenda, we have Driven Brands. And with us, I'm very happy to have Jonathan Fitzpatrick and Kristy Moser in Investor Relations. And I think, Jonathan, you had a couple of prepared remarks you wanted to give. So I'll give you the stage.

Jonathan G. Fitzpatrick
Driven Brands Holdings Inc. - President, CEO & Director

Yes. Thanks, Liz. Thanks for having us. Just a quick sort of snapshot of Driven Brands. So we're automotive aftermarket services, operating in needs-based category, $350 billion sort of growing addressable market. We've been delivering really solid sort of double-digit top and bottom line growth since we went public about 2 years ago. We have quadrupled EBITDA since 2019. We've got 4 main business lines in our company. We've got some more mature franchise businesses that are very high cash flow-generating businesses, which then we reinvest into our core growth priorities, which are Quick Lube car wash and glass. We've got a

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