Karooooo Ltd. (NASDAQ:KARO) Q4 2023 Earnings Conference Call May 9, 2023 8:00 AM ET

Company Participants

Carmen Calisto – Chief Strategy & Marketing Officer

Goy Hoeshin – CFO

Isaias Jose Calisto - CEO

Conference Call Participants

Kiran Kuttickat - William Blair

Unidentified Analyst -

Carmen Calisto

Welcome and thank you for joining Karooooo's Q4 and Full year's FY 2023 Results Webinar. I'm Carmen, the Group Chief Strategy and Marketing Officer, and together with Hoeshin, our Group Chief Financial Officer, will be taking you through our performance, growth and future plans. Our team, led by our CEO and Founder, Zak, is committed to delivering on our strategic goals and creating long-term value for all of our stakeholders. All shareholders and investors are advised to read this disclaimer. We will be reviewing all three of Karooooo's business units in today's webinar, namely Cartrack, Carzuka and Karooooo Logistics.

Karooooo is not just embracing the future of operations, we are helping to find it. We understand that mobility is core to all operations and see the large value in not just connected vehicles and equipment, but in connected teams and data-driven decision-making. By leading the way with innovative solutions and bold new practices, we are on a mission to be the leading operations cloud. We envision a world where operational frictions are eliminated and businesses can operate in a seamless, efficient, and safe way that enables them to achieve more with less. But achieving this is becoming significantly more difficult for operators. They're running 24-hour operations, their customers' expectations are increasingly leading to more complicated jobs that span multiple teams and departments, their employee expectations are also increasing. Everything needs to be in real time, new regulations keep popping up, costs are skyrocketing. There's new technology emerging daily. Teams are using more tools than they can remember. There's an overwhelming amount of data available, a little of which is leading to actionable, real, tangible insights. Things have become complex and they are unmanageable without a simple but not simplistic, solution like ours.

Throughout our 17 years in the industry, we have a strong track record of identifying trends early and understanding how we can build a solution that will benefit customers. We sold a large amount of independent as well as interconnected challenges for customers from fleet and equipment management and maintenance to delivery operations and field work management, from risk management and compliance, to resource scheduling and vehicle procurement. By digitally transforming operations and offering tools that help guide our customers in navigating their challenges, we add strong value to their daily operations.