Forward Looking Statements and Non-GAAP Financial Measures

5/22/2003


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Table of Contents

PPT Slide

PPT Slide

Forward Looking Statements and Non-GAAP Financial Measures

AutoNation’s Leadership Recognition

Americas Largest Automotive Retailer

A New Kind of Industry Cycle

Compelling Consumer Proposition

AutoNation’s Vision

Dominant Local Market Brands

A Diversified Business Model

Gross Margin Opportunities

AutoNation Business Model

AutoNation Strategic Plan

Improving Cost Structure Reducing SG&A* % of Gross Profit

Financial Strategy

Generated $2.6 Billion in Cash 2000-2002

Overall EPS Growth

Peer Group Comparison Revenue – Net Income – Market Cap

Best in Class Net Profit Margin

AutoNation Stock Performance Last 3 1/2 Years

Investment Strengths

PPT Slide

EPS Sensitivity

Reconciliation of GAAP Reported EPS to Pro Forma EPS

Gross Margin Drivers

Cost Reduction Drivers

PPT Slide

Author: RingA