Slide 1: First quarter 2020 Results
First quarter 2020 Results 6 May 2020
Slide 2: Disclaimer
Disclaimer The information contained in this document (the “Information”) has been prepared by ALD (the “Company”) solely for informational purposes. The Information is proprietary to the Company and confidential. This presentation and its content may not be reproduced or distributed or published, d
Slide 3: Navigating the COVID-19 crisis
Navigating the COVID-19 crisis Resilient Net income at EUR 128.9m for Q1 2020 How the crisis affects the leasing industry Key measures taken ▪ GDP in Euro area expected to fall by 7.5% in 2020(1) ▪ Remote working deployed in all countries under lockdown within a week › Differentiated lockdown period
Slide 4: #ALDSolidarityPlan
#ALDSolidarityPlan Supporting stakeholders in times of COVID-19 crisis A Group approach onboarding all ALD affiliates, relying on 3 pillars: Lending assets to the front line ▪ ALD Spain has put 500 cars at disposal of healthcare professionals, similar approach live with the ALD pool fleet in 15 othe
Slide 5: Q1 2020 Key strategic initiatives
Q1 2020 Key strategic initiatives Agreement with Mitsubishi UFJ Lease & Finance for Expansion of strategic relationship with Tesla JV operations in Malaysia ▪ All Tesla models offered to corporate and private customers ▪ Greenfield operation with a trusted and recognised partner ▪ Now operational in
Slide 6: Fleet evolution
Fleet evolution Organic total fleet growth + 4.9%(1) vs. end Fleet evolution (‘000) March 2019 ▪ Stern Lease (The Netherlands) acquisition added 14K vehicles in Q3 2019 1,700 1,734 1,765 1,777 1,682 ▪ Total Fleet growth +5.6% 384 362 363 376 364 Strong reduction in new car deliveries in March due to
Slide 7: Used Car Sales result anticipating COVID-19 impact
Used Car Sales result anticipating COVID-19 impact Used Car Sales result at EUR 3.2m in Q1 2020 Used Car Sales result ▪ including an exceptional COVID-19 EUR 9m used car stock impairment charge recorded in March results, reflecting delays in sales and potential price reduction 346 285 Average UCS re
Slide 8: First quarter financial results
First quarter financial results Var. Q1 '20 Var.% Q1 In EUR million Q1-2020 Q1-2019 / '19( '20 / '19 Leasing contract and Services margins up EUR 9.8m ▪ Unrealised valuation changes in investment portfolio recorded in Total fleet (1) (‘000 vehicles) 1,777 1,682 95 5.6% Leasing contract margin (reins
Slide 9: Solid and adaptable funding structure
Solid and adaptable funding structure Ability to grow fleet intact Systematic match-funding policy Refinancing mix to be adapted to market conditions ▪ Assets and liabilities matched in terms of duration, currency and ▪ Bonds maturing in 2020: EUR 400m in June + EUR 600m in interest rate November ▪
Slide 10: Looking further ahead…
Looking further ahead… Ready to rebound Robust business model with multi-year contracts Ready to seize new opportunities ▪ Leader in Europe and #2 worldwide ▪ Launch of flexible products addressing new customer needs ▪ Unrivalled partnership network ▪ Promotion of used car lease offer ▪ Track record
Slide 11: Appendix
Appendix
Slide 12: Agenda 2020
Agenda 2020 Subtitle 3 August 2020 29 May 2020 Detachment of the Q2 and H1 results dividend 20 May 2020 3 June 2020 5 November 2020 General assembly of Payment of Trading update and Q3 shareholders the dividend results 12 │06/05/2020
Slide 13: Corporate Social Responsibility (CSR) at ALD
Corporate Social Responsibility (CSR) at ALD General principles Shape the future of Responsible business sustainable mobility culture & practices Low emission fleet • Business ethics • CO2 emissions down • Responsible Sourcing • Powertrain shift • Customer satisfaction • Leader in alternative • Rati
Slide 14: Extra financial ratings
Extra financial ratings CSR maturity assessment provided by independent third parties Ecovadis: MSCI: ‘A’ rating Gaïa index Vigeo Eiris ALD France awarded “engagé RSE” Group Gold rating Top 1/3 76pts (+28pts vs 67/100, ‘Advanced’ renewed (2019) with 2018), +18pts vs panel status improvement (top 4%)
Slide 15: Leading the powertrain transition
Leading the powertrain transition Successful reduction in diesel share of passenger car deliveries in Evolution of breakdown(1) of passenger car deliveries ALD fleet 4% 6% 2% 3% 11% 13% 4% EU mandated CO2 emission targets for OEMs 21% 7% 27% ▪ enforced from 2020 onwards 32% ▪ driving wider take up o
Slide 16: Quarterly series
Quarterly series (in EUR million)1 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Leasing Contract Margin 165.2 165.1 167.6 166.2 165.1 Services Margin 148.1 159.5 158.7 166.0 158.0 Leasing Contract and Services Margins 313.3 324.6 326.3 332.1 323.1 Car Sales Result 19.0 24.4 21.1 10.5 3.2 Gross Operating
Slide 17: Balance sheet at end 2019
Balance sheet at end 2019 Var Var % Earning Assets rose 10.9% underpinned by funded In EUR million Dec-19 Dec-18 FY'19/FY'18 FY'19/FY '18 fleet growth, and an evolving vehicle mix towards Earning assets 21,183 19,101 2,081 10.9% higher value models (SUV, EV) and countries with o/w Rental fleet 20,33
Slide 18: Yearly series
Yearly series CAGR 2014 - (in EUR million)1 2014 2015 2016 2017 2018 2019 2019 Leasing Contract Margin 381.1 431.6 514.1 574.5 623.8 664.1 11.7% Services Margin 445.4 534.0 528.6 593.0 616.7 632.3 7.3% Leasing Contract & Services Margins 826.5 965.6 1,042.7 1,167.5 1,240.5 1,296.4 9.4% Car Sales Res
Slide 19: ALD: A Leader in Full Service Leasing
ALD: A Leader in Full Service Leasing # countries 32 43 29 5 19 25(3) 1 1 (5) 3 5 2 covered 1,865 1,765 Europe Rest of the World End fleet (‘000) as of December 2019 1,255(1) (2) ~1,000 1,667 ~700 1,433 (3) (4) 425 382 (5) 177 140 136 108 Favorable purchasing position with supplying partners Strong
Slide 20: A global footprint and leading position
A global footprint and leading position Breakdown of fleet, market share and ranking by country as at 31/03/20 Western Europe Fleet Market share Ranking CEE Fleet Market share Ranking France 557,878 28% 1 Cz. Rep. 26,969 12%* 4* Germany 189,519 5% 5 Russia 22,580(2) 36%*(3) 1*(3) Hungary 15,532 25%
Slide 21: A customer centric ecosystem for mobility solutions
A customer centric ecosystem for mobility solutions A broad range of services Benefits for clients Leasing contract margin: 51% (1) Become trusted Offer broad spectrum mobility provider of mobility solutions Greater flexibility and focus on core business Financing Registration & Delivery Maintenance
Slide 22: Continuing outsourcing trend
Continuing outsourcing trend European running vehicle park Other(1) (31/12/2018) 88% Purchase(2) 79% 367m vehicles Corporate fleet FSL 43.5m vehicles 8.6m vehicles 12% 21% Increasing FSL: Fast growing Corporate the preferred market with penetration solution strong potential New vehicle Other(1) regi
Slide 23: ALD Electric offer - Service proposal
ALD Electric offer - Service proposal REPORTING AND AUTOMATIC PAYMENT & REIMBURSEMENT CONSULTANCY EV ENABLERS TEST DRIVE HOME & OFFICE PUBLIC CHARGER CHARGING NETWORK 23 │06/05/2020
Slide 24: Awards
Corporate & Social Responsibi Austria EcoVadis CSR Silver - July 2019 EcoVadis Belgium Learning Award 2019 - Feb 2019 Epsilon Croatia EcoVadis CSR - Gold - Dec 2019 Ecovadis Finland Responsible employer, summer job Luxembourg Renewal ISO300] Feb Euroquality System EcoVadis CSR Gold - EcoVadis 019 20
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