Autohellas Sa · ATHEX:OTOEL
Autohellas Sa — Investor Presentation (March 2023)
17 slides from Autohellas Sa's investor presentation, March 2023
Slide 1: Investor Presentation
Investor Presentation March 2023 1
Slide 2: Autohellas: Greece-centered regional leader in Rent-a-Car, Leasing, Auto Trade
Autohellas | A Greece Centered Regional Leader in Rent-a-Car, Operating Leasing, Automotive Trade well placed for Integrated Mobility Services Hertz Partner for over 55 Years Over 1,600 Employees Greece plus 8 countries Q4 2022 over 160 locations 53,000 Vehicles under management 2
Slide 3: Dynamic growth & resilience in crisis: profitable every year since listing
Autohellas Group | Dynamic growth & Resilience in crisis: Profitable every year since listed (1999) Group Revenue (€m) New Car Registrations GDP International Arrivals 175 175 175 150 142 125 108 100 92 77 79 83 76 75 76 71 81 79 50 37 41 36 40 (Base 2007:100) 27 28 31 29 21 100% + Organic Growth in
Slide 4: 2nd consecutive revenue & profitability record in full year figures
Autohellas Group | 2nd consecutive Revenue & Profitability Record in full year figures • Rental Related Revenue growth in Greece mainly stems from the short-term rentals. Increased touristic demand, network upgrade & increased market share brought significant results • Despite slower recovery in tou
Slide 5: RaC Greece market: fragmented & competitive, Autohellas-Hertz clear leader
RaC Greece | Market Characteristics: Fragmented & Competitive, with Autohellas-Hertz clear leader ! Market Size 2022, (Estimate) Fragmentation in 2,500 companies International brands (5) all franchised ~30,000 cars in RAC €550m RaC Market 100k vehicles LCC & large local players (6) ~12,000 cars in R
Slide 6: Timely fleet and network investment pays off vs major competitors
Greece RaC Market | Timely Fleet – Network Investment , >> Major Competitors 2021-2022 Pays off Autohellas RAC Revenue FY 2022 + 50% 2019 >> PEERS !! Autohellas adds more cars than sum of competitors aggregated Revenue Fleet 2021 2022 RaC purchases per Provider Estimates 149 108 100 100 7,700 6,000
Slide 7: RaC Greece: fleet and network drive market share gains
RaC Greece| Fleet & Improved Network/Logistics = Market Share Gains during Strong Travel Rebound Arrivals Revenue Rental Days 149 21.5 5.8 11.7 21.5 Revenue & Rental Days grow more than Arrivals = Market Share Gained + Increase of 121 multi month business 2019 2020 2021 2022 International Air Arriva
Slide 8: Leasing Greece: supply chain issues, fleet stagnation, pending orders
Leasing Greece | Supply chain issues … Fleet stagnation… Pending Orders x10 vs pre-COVID Total Fleet Size, in vehicles Consolidation with 5 companies controlling the market LTR Fleet Pending Orders Total Fleet Est. Aggregated MS 105,000 3.000 4.000 Top-3 Players cars 70-75% 400 Total Fleet Est. Aggr
Slide 9: Fleet Reselling Greece: all risk fleet, 3-5 year cycle
Fleet Reselling Greece | All Risk Fleet / 3-5 Year cycle / Reconditioning Capacity Depreciation Practices Fortify Balance Sheet, Extend Upturn & Protect in Downturn Buyers of Used Fleet breakdown Used Fleet Sales, Units Accounting Depreciation (2016: Base100) Used Fleet Sales, Units on Total Fleet Y
Slide 10: Network and logistics capacity: a crucial plus
Video Placeholder / Network - Logistics Capacity… a Crucial plus + Network Quality & Land Control Logistics Capacity for Growth Enhanced quality /cost control Improved Market Access & Control… Reducing Airport Reliance …Future Mobility Services Building block 10
Slide 11: Auto-Trade Greece: developing leadership position
Auto-Trade Greece | Developing Leadership Position, beginning low (118M) in 2017 to 422M in 2022 Hyundai & KIA highest brand growth.. “Best Turnaround Business” Over -75% in New Car registrations in Recession.. Only 1/3 recovered award in 2019 New Registrations in Greece, in ‘000 units Hyundai KIA S
Slide 12: International: more challenging but profitable, significant potential
International | More Challenging (!!) but Profitable… with significant potential in 3-5 Years Portugal 1st consolidation in Q4 2022 with neutral effect in segment profitability Fleet peak, in ‘000 Units 12,5 10,7 10,4 10,6 15,6 -35% de-fleet vs 2019 Restructuring/Training 2019 2020 2021 2022 2022 mo
Slide 13: Consistency + people development + synergies = competitive advantage
Autohellas Group |Consistency + People Development + Growing Synergies = Competitive Advantage Logistics capacity (RAC & Used) Client reach / relevance / cross selling Owned Facilities in most major Airports Overhead cost sharing Quality control RaC & Leasing- Fleet Bodyshop cost Management Duality
Slide 14: Balance sheet: lowest leverage ratios among listed LTR/RaC peers
Autohellas Group | Balance Sheet: The lowest leverage ratios among LTR/RaC industry listed In m € 2019 2021 2022 VEHICLES 441 458 569 LAND & BUILDINGS 118 123 135 Low leverage allowing RIGHT OF USE ASSET (IFRS16) 17 10 12 GOODWILL 26 26 43 LISTED PARTICIPATIONS 70 52 64 • Investment in Acquisitions
Slide 15: Key stock market data: no year without dividend or capital return
Autohellas Group | Key Stock Market data: No year without Dividend or Capital Return Payout, in m € Dividend & Other Payout per Share Dividend & Other Payout Yield • Consistent in payout despite very demanding 15.7% Fleet CAPEX 6.2% 1,51 € • Dividend of 22M (0,46€/Share) distributed in 4.8% 4.8% 3.2
Slide 16: Growth: Portugal Hertz franchisee acquisition
Growth | 1/10/2022 Portugal Hertz Franchisee acquisition Expand Relevance-Team-Synergies Facts Rationale Improves significance to Double up international market participants Franchise since 1998 activity revenue (brokers, tour operators) in southern Europe RaC-only Ability to use experienced ~6,000
Slide 17: Growth II: joint venture acquisition of FCA Greece
Growth II | Joint Venture Acquisition of FCA Greece (Stellantis Subsidiary for Fiat, Jeep, Alfa Romeo) STA signed Sep22 , Competition Authority clearance completed Execution pending (systems transition process) Q2 2023 Rational & Key Objectives Expand Group Brand Portfolio with of the 2 European Lea