Slide 1: First quarter 2023 Results
First quarter 2023 Results 12 May 2023
Slide 2: Disclaimer
Disclaimer The information contained in this document (the “Information”) has been prepared by ALD (“ALD” or the “Company”) solely for informational purposes. The Information is proprietary to the Company. This presentation and its content may not be reproduced or distributed or published, directly
Slide 3: Key takeaways
Key takeaways New initiatives to Closing LeasePlan Strong Q1 performance strengthen leadership in acquisition sustainable mobility Extraordinary General Meeting on 22 May 2023 Expansion in promising markets Disposal of ALD Russia completed New joint venture in Thailand with 3 │12/05/2023
Slide 4: Highlights
= Highlights
Slide 5: Strong Q1 performance
Strong Q1 performance Funded fleet Used car sales Net income result per unit (Group share) +3.2%(1) EUR 2,535(2) EUR 315.5m vs. March 2022 vs. EUR 3,101 Q1 2022 +22.4% vs. Q1 2022 5 │12/05/2023 1. Excluding entities held for sale (Russia, Belarus, Portugal, Ireland and Norway except NF Fleet Norway)
Slide 6: New initiatives to strengthen leadership in sustainable mobility
New initiatives to strengthen leadership in sustainable mobility Supporting sustainable mobility in Creating a new EV charging business emerging markets Joint venture with USD 400m financing initiative ▪ Largest single green(1) fleet ▪ Access to Europe’s widest investment by public charging network:
Slide 7: Robust commercial performance
Robust commercial performance Total contracts ('000) 1 815 1 737 63 57 Funded fleet: +3.2%(1) vs. end March 2022 336 295 +13.8% Fleet management: +13.8%(2) vs. end March 2022 1 423 Total contracts: 1,815k, +5.0%(1)(2) vs. end March 2022 1 379 +3.2% Order book still strong Mar-22 Mar-23 Funded fleet
Slide 8: Q1 2023 Financial results
= QI 2023 Financial results
Slide 9: Margin growth driven by reduction in depreciation costs
Margin growth driven by reduction in depreciation costs Total margins excl. UCS result up 63.3% vs. Q1 2022, stable excl. Total margins(1)(2) excl. UCS result (in EUR m) reduction in depreciation costs and non-operating items 541,1 30,1 Reduction in depreciation costs(5) boosting Leasing contract ma
Slide 10: Continued high used car prices
Continued high used car prices Used car sales result (in EUR m) Used car sales result per unit sold(1) (in EUR) Used cars sold(1) ('000 units) 3 607 3 330 75 -37,6 -42,7 3 101 3 054 3 102 69 3 014 65 65 63 2 535 -73,3 1 919 215,2 217,4 191,0 190,5 123,9 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 22
Slide 11: Sharp increase in net income
Sharp increase in net income Total operating expenses (in EUR m) 260,5 7,1 12,0 187,5 38,0 Total operating expenses at EUR 260.5m in Q1 2023, including: 10,1 ▪ LeasePlan integration costs: EUR 38.0m ▪ Transaction costs (LeasePlan, Russia and remedies) : EUR 12.0m (not 203,4 177,4 included in CTA(1))
Slide 12: Appendix
Appendix
Slide 13: Q1 2023 financial results
Q1 2023 financial results In EUR million Q1 2023 Q1 2022(1) Var. Var. % Total contracts ('000) 1,815 1,737 78 4.5% Full service leasing contracts 1,473 1,436 37 2.6% Fleet management contracts 342 301 41 13.6% Leasing contract margin 366.6 171.4 195.1 113.8% Services margin 174.5 160.0 14.5 9.1% Lea
Slide 14: Reduction in depreciation costs anticipating future UCS profits
Reduction in depreciation costs anticipating future UCS profits 1 2 3 Depreciation curve Leasing contract margin (in EUR m) Reduction in depreciation costs lowering UCS Leasing contract margin (in EUR m) result (in EUR m) Contractual H2 2022 valuation UCS result (in EUR m) 428 367 311 Net book value
Slide 15: Balance sheet at December 2022
Balance sheet at 31 December 2022 Earning Assets increased by 10.3%(1) vs. In EUR million FY 2022 FY 2021 Var. Var. % December 2021, reflecting higher value vehicles (esp. Electric Vehicles) Earning assets 23,943 22,489 1,454 6.5% o/w Rental fleet 23,227 21,711 1,516 7.0% o/w Financial lease receiva
Slide 16: Quarterly series
Quarterly series (in EUR million)1 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022(2) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Leasing Contract Margin 171.6 185.2 174.2 201.8 171.4 311.2 273.4 428.0 366.6 Services Margin 156.5 158.3 173.5 161.8 160.0 165.1 180.7 196.8 174.5 Leasing Contract and Services Margins 328.
Slide 17: Yearly series
Yearly series (in EUR million)1 2015 2016 2017 2018 2019 2020(2) 2021 2022 Leasing Contract Margin 431.6 514.1 574.5 623.8 664.1 604.4 732.8 1,181.1 Services Margin 534.0 528.6 593.0 616.7 632.3 652.0 650.0 703.2 Leasing Contract & Services Margins 965.6 1,042.7 1,167.5 1,240.5 1,296.4 1,256.4 1,382
Slide 18: Increased recognition of ALD's strong commitments in ESG
Increased recognition of ALD’s strong commitments in ESG B 74/100 (Gold) Advanced Low Risk (16) ‘A’ rating C (“Prime”) Better than: Improvement to #1 Top 12% Top 30% Rated “Prime” Top 2% in Business on sustainability - European average Support Services performance Gold rating renewed - Rental & leas
Slide 19: 2023 agenda
2023 agenda 22 May 2023 24 May 2023 31 May 2023 2 June 2023 3 August 2023 3 November 2023 8 February 2024 EGM Combined general Detachment of dividend Dividend payment Q2 and H1 2023 results Q3 and 9M 2023 results Q4 and FY 2023 results Expected closing of meeting LeasePlan acquisition 19 │12/05/2023
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