Pedro Gail's questions to Driven Brands Holdings Inc (DRVN) leadership • Q4 2024
Question
Pedro Gail asked for clarification on the 2025 adjusted EBITDA outlook, questioning the math behind the projected growth after excluding the U.S. Carwash business and seeking details on the segment composition of this growth.
Answer
EVP & CFO Michael Diamond clarified that the U.S. Carwash business contributed approximately $50 million in adjusted EBITDA, and the 2024 baseline was also impacted by the divestiture of PH Vitro. He stated that the primary growth engine for 2025 is the Take 5 Oil Change segment, citing its strong Q4 momentum, robust new unit pipeline, and opportunities from oil premiumization and add-on services.