MWG Initial Meeting [Autosaved]

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It is my intention to remain the decision taker for the group. I would have been very happy to leave on going MWG control in Phillips hands. Some years back, Phillip & I agreed should both he and I went, say in an accident, Rave would be the obvious one to steer the MWG business affairs. Hence his appointment as Chairman of the TCWA Board. Rave’s attention to his role in TCWA has been quite exceptional, beyond what is normally expected from one in that role. As you are aware Rave took over the various Directorships that were left vacant when Phillip left us. Being fully aware of the demands that can arise and looking at the time when I hand over, I have decided to set up the following. A monthly Board meeting, The three directors, Claudia, Rave, and myself, plus David and Carolina. David’s role, meeting secretary, maybe as an alternate for Rave should he absent for any reason. Carolina to fill two roles, implement action as needed on MWG property investments, also act as my PA should I not be attending meeting. Going forward I have stressed with my two co-directors the very clear need to separate Business from family needs and concerns. Rave’s role to be strictly tied into business affairs, advice to family on their personal finance and tax matter that’s ok, but limited to that. Claudia’s ongoing role is to deal with family queries, requests, or suggestions. The sorts of things family would have bought up with me or Phillip’s family with him..

It is my intention to remain the decision taker for the group. The last twelve years have been rather hard at time wanting to make change but not I the position of doing it! I would have been very happy to leave on going MWG control in Phillips hands. I had Phillip as the person that would just slot into the vacancy I had left, business, family, personal data. Some 10 years back, Phillip & I agreed should both he and I went, say in an accident, Rave would be the obvious one to steer the MWG business affairs. Hence his appointment as Chairman of the TCWA Board. I recognise Rave has many other demands on his time and personal life. Rave’s attention to his role in TCWA has been quite exceptional, beyond what is normally expected from one in that role. In establishing this group I hope it will develop to the position that Rave\Aver’s roles are restricted to Administration, Accounting, Taxation for companies the Trusts & Family members. Business Guidance and leadership. As you are aware Rave took over the various roles that were left vacant when Phillip left us. These various roles being controlling directorships . Being fully aware of the demands that can arise and looking at the time when I hand over, I have decided to set up the following. I started this path expecting to be long gone many years back. From memory Claudia officially joined various Boards as far back as 2004. Why Claudia? Attempt's made to interest other family members. A monthly Board meeting, The three directors, Claudia, Rave, and myself, plus David Shore and Carolina . Board wrong title! Lets call this the MWG-Q&A Group? David’s role, meeting secretary, maybe as an alternate for Rave should he absent for any reason. The need to have an understudy for Rave is a definite need. Not for today but a topic to keep under constant review. Financial observations will always be welcomed. Carolina to fill two roles, implement action as needed on MWG property investments, also act as my PA should I not be attending meeting . AS my PA I recognise already Carolina has a wealth of knowledge past Max to support especially Claudia in ongoing family matters, and going forward with the implementation of bridging business and family matters. Going forward I have stressed with my two co-directors the very clear need to separate Business from family needs and concerns. Looking back on my own life had I supported many of the proposals advances by my four children, I may not of had the problem re planning my estate now! Rave’s role to be strictly tied into business affairs, advice to family on their personal finance and tax matters that’s ok, but limited to that. I think even if contained to business a very big role to take on. Business decisions are hard, but Family ones need not be rational but at times very emotionally driven. Claudia’s ongoing role is to deal with family queries, requests, or suggestions. The sorts of things family would have bought up with me or Phillip’s family with him . I foresee also sorts of needs? Demands? Wishes? Popping up. At an early stage it should be made clear to the family that Claudia is their link to the trusts..

Keep an eye open for investments that have stable life and return expectations. Maybe increase public company investments and property. Sort out person records so they are accessible if needed. Review TCWA establishment at Kewdale when complete. However actions on-hold pending BDO’s outcome. What ever that outcome I think shareholders should look at Phillip’s draft TCWA split up. Record Keeping. Raves office has all official records. For these meeting, I would like David to simply record any decisions that may be taken. I will be sorting back through my files, some I will be setting up for future access to others. My first step will be to define a system that others can follow. Time permitting Carolina will be in the position to pass on any needed records. Most records will be family – Business History – Family History..

Max's Estate. Port Hed.nd Property. Sus an-L PHW PW Mt Haw & Nth Perth. Max's Succession Plan Ext-Man-Trustee Nominee Rave & Claudia + Dudes Various as needed Wink/e P" Max Winkle" Pty Ltd TCWA.

Phillip’s Concept March 2019.

Phillip’s Concept March 2019. New Truck Sales New Truck Sales Gross Profit Gross Profit % Used Truck Sales Used Truck Sales Gross profit Gross profit % Workshop Sales Workshop Gross profit Gross Profit % Parts Sales Parts Co Gross Profit % Total Sales Total Gross Profit Gross Profit % Variable Expenses Semi Variable Expenses Vehicle Expenses Office Expenses Other Income Net Profit ROS Rent Shortfall (Kewdale premises) Revised Net Profit One Stop Truck Shop Ltd 9,885,609 1,236,059 12.5% 8,375,766 2,396,357 28.6% 3,029,770 600,466 19.8% 21,291,145 4,232,882 19.9% 164,795 57,166 120,662 1,240,401 (49,744 580,464 2.7% 383,869 196,595 Truck Centre (WA Ltd 108,873,672 9,772,747 9.0% 55.9% 50,954,450 11,978,045 23.5% 178,237,126 32,047,709 18.0% 579,819 547,476 1,050,135 8,679,914 3.1% Dealer Services Pty Ltd 18,004 2,804,938 110,419 796,692 (49,817 312,779.