Autohellas Sa · ATHEX:OTOEL
Autohellas Sa — Investor Presentation (March 2024)
15 slides from Autohellas Sa's investor presentation, March 2024
Slide 1: Corporate Presentation
Corporate Presentation March 2024 1
Slide 2: A Greece Centered Regional Leader in Rent-a-Car, Operating Leasing, Automotive 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 1,800 Employees at Peak Greece plus 8 countries Q4 2022 over 170 Locations in Rental & Auto activities Over 57,000 Vehic
Slide 3: Dynamic growth & Resilience in crisis: Profitable every year since listed
Autohellas Group | Dynamic growth & Resilience in crisis: Profitable every year since listed (1999) Group Revenue (€m) New Car Registrations GDP International Arrivals 196 175 175 175 150 142 125 108 100 92 81 83 85 76 75 76 77 79 79 71 50 51 37 41 36 40 27 28 31 29 21 (Base 2007:100) >100% Organic
Slide 4: 3rd consecutive Record Year, more balanced profitability between the segments
Autohellas Group | 3rd consecutive Record Year, more balanced profitability between the segments • Car Rental activity in Greece increased 7% from long-term leases and the effective disposal of used fleet cars, following the restore of supply chain in cars. Short-term rentals affected by a record ye
Slide 5: Fragmented & Competitive Market, with Autohellas-Hertz clear leader
Greece RaC | Fragmented & Competitive Market, with Autohellas-Hertz clear leader ! Market Size 2023, (Company Estimates) Fragmentation in 2,500 companies International brands (5) all franchised ~38,000 cars in RAC €570m RaC Market 115k vehicles LCC & large local players (6) ~15,000 cars in RAC 45 Av
Slide 6: Record Year in Arrivals +12% vs 2019/23, Increased Fleet availability pressures Prices
Greece RaC | Record Year in Arrivals +12% vs 2019/23, Increased Fleet availability pressures Prices Arrivals Rental Days 156 • In period 2020-2022, Rental Days grow more than Arrivals = Market Share Gained + Increase of multi 149 21.5 11.8 21.5 24.0 month business • 2023 Prices affected by increased
Slide 7: High Quality Hertz Fleet/Network/Service in a Competitive Market
Greece RaC | High Quality Hertz Fleet/Network/Service in a Competitive Market Autohellas buys more cars than sum of top competitors aggregated in period 2021-2023 Autohellas consistently in top-5 Hertz Global Scoring, with 3 Markets 2023 2022 2021 #1 #2 #3 #4 #5 Fleet Market 77,458 57,288 50,763 Reg
Slide 8: Leasing Greece: Supply chain restores… Rates increase, so as costs
Leasing Greece | Supply chain restores… Rates increase, so as costs (euribor, inflation) Total Fleet Size, in vehicles Consolidation with 5 companies controlling the market Active Leases Pending Orders Total Fleet Est. Aggregated MS 125,000 Top-3 Players cars 75-80% 400 3.000 4.500 1.800 Total Fleet
Slide 9: Fleet Reselling Greece: All Risk Fleet / 3-5 Year cycle / Reconditioning Capacity
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 (2019: Base100) Used Fleet Sales, Units on Total Fleet Y
Slide 10: Network - Logistics Capacity… a Crucial PLUS
Autohellas Greece | 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, FCA adds 6% to total
Auto-Trade Greece | Developing Leadership Position, FCA adds 6% to total.. Strong brands in Fleet Hyundai & KIA highest brand growth.. “Best Turnaround Business” New Car registrations -75% in GR Recession.. 50% recovered in 2023 award in 2019 New Registrations in Greece, in ‘000 units Hyundai KIA SE
Slide 12: International: Balkans & Cyprus with 9% organic growth and significant potential
International | Balkans & Cyprus with 9% organic growth and significant potential in 3-5 Years Portugal added in Q4 2022, 98M full year contribution in 2023 Fleet peak, in ‘000 Units 17,5 • -35% RAC de-fleet vs 12,5 10,7 10,4 10,6 2019 • Leasing retained • 7,500 RaC in Portugal 2019 2020 2021 2022 2
Slide 13: Consistency + People Development + Growing 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: The lowest leverage ratios among LTR/RaC industry listed
Autohellas Group | Balance Sheet: The lowest leverage ratios among LTR/RaC industry listed In m € 2019 2021 2022 2023 VEHICLES 441 458 591 677 LAND & BUILDINGS 118 123 135 128 Low leverage in start of 2022, allowed: RIGHT OF USE ASSET (IFRS16) 17 10 12 10 GOODWILL 26 26 43 43 LISTED PARTICIPATIONS 7
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 15.7% • Consistent in payout despite very demanding 1,51 € Fleet CAPEX 4.5% 4.8% 6.2% 5.1% • Capital return of 51M (1,05€/Share) 4.8% 3.