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| FirstAmerica Automotive, Inc. |
| 601 Brannan Street, San Francisco, CA 94107 * (415) 284-0444 |
| Business Description | The company is a leading automotive retailer and consolidator. The company currently operates in four major metropolitan markets in California, and are focusing their consolidation strategy in the western United States. |
|
Filing Information IPO has been | |||
| To Trade As | FAA (NYSE) | Industry | Retail (SIC 5511) |
| Type of Stock Offered | Common Shares | Filing Date | 4/8/99 |
| Domestic Shares Filed | 6,565,460 | Filing Range | $12.00 - $14.00 |
| Foreign Shares Filed | 0 | Offering Amount | $85,350,980 |
| Company Shares | 7,840,100 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 147,800 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| BancBoston Robertson Stephens | Co-manager | (415) 989-8500 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/96 | 12/31/97 | 12/31/98 | ||||
| Revenues | - | - | 332.522 | 474.048 | 783.071 | - | - |
| Income from Oper. | - | - | 4.663 | 6.045 | 17.614 | - | - |
| Net Income | - | - | 1.693 | 0.064 | 3.797 | - | - |
| E.P.S | - | - | 0.190 | -0.010 | 0.240 | - | - |
| Revenue Growth (%) | - | - | 42.56 | 65.188 | - | ||
| Net Income Growth (%) | - | - | -96.22 | 5,832.81 | - | ||
| Oper. Profit Margin (%) | - | - | 1.40 | 1.28 | 2.25 | - | - |
| Net Profit Margin (%) | - | - | 0.51 | 0.01 | 0.48 | - | - |
| Cash Flow - Oper. | 4.32 | - | - | ||||
| Cash Flow - Inv. | -33.57 | - | - | ||||
| Cash Flow - Fin. | 28.52 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/98 | Financial Ratios | ||||
| Total Assets | 178.45 | Current Assets | 129.01 | Current Ratio | 1.03 |
| Total Liab. | 163.16 | Current Liab. | 125.08 | Debt Ratio | 91.43% |
| Total Equity | 15.30 | Working Cap. | 3.93 | Debt to Equity Ratio | 10.67 |
| Cash | 2.19 | Return on Assets | 2.13% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund pending acquisitions, repay existing credit facility, repay outstanding loans to principal stockholders including accrued interest, redeem outstanding senior notes , redeem preferred stock. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gray Cary Ware & Freidenrich |
| Bank's Law Firm | Fried, Frank, Harris, Shriver & Jacobson |
| Auditor | KPMG LLC |
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