Slide 1: ALD Group First Half 2017 Results
ALD Group FIRST HALF 2017 RESULTS 04 AUGUST 2017
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements relating to the targets and strategies of ALD SA (the “Company”) and its subsidiaries (together with the Company, the “Group”). These forward-looking statements are based on a series of assumptions, both general and specific, in partic
Slide 3: Main Messages
MAIN MESSAGES Strong fleet growth driving solid results Total fleet at 1.44 m vehicles at end June 17, up 9.1% vs. Gross Operating Income: EUR 662.2 m in H1 17, +5.6% vs. H1 16 end June 16 Leasing Contract & Services Margins, together, increased +9.7% Successful listing of 20.18% of ALD’s shares on
Slide 4: Commercial Development
COMMERCIAL DEVELOPMENT 04/08/2017 | P.4
Slide 5: Strong Fleet Growth
STRONG FLEET GROWTH GEOGRAPHIES AND CLIENT SEGMENTS Total Fleet growth +9.1% vs. Total Fleet 1.44 m vehicles Jun-16 up 9.1% vs. June 16 1,441 1,376 1,207 1,107 955 1,009 917 All regions contributing to fleet growth vs. June 16: Western Europe +9%, Northern Europe +2%, Central & Eastern Europe +11%,
Slide 6: Value Creative Acquisitions in Ireland and Spain
VALUE CREATIVE ACQUISITIONS IN IRELAND AND SPAIN MERRION FLEET BBVA AUTORENTING TRANSACTION SUCCESSFULLY CLOSED ON 18 JULY TRANSACTION APPROVED BY SPANISH COMPETITION AUTHORITY AND EXPECTED TO CLOSE IN Q3 2017 2nd FSL(1) Player in Ireland with approximately 5,500 vehicles Strengthen ALD’s position w
Slide 7: Key Strategic Initiatives in Colombia and Italy
KEY STRATEGIC INITIATIVES IN COLOMBIA AND ITALY ALD COLOMBIA ENEL OPENING OF A NEW SUBSIDIARY A NEW PARTNERSHIP In June, ALD launched a greenfield operation in Colombia to serve the Group’s ALD and the Italian utility company ENEL signed a international clients present in this country partnership ag
Slide 8: Financial Results
FINANCIAL RESULTS HALF YEAR ENDED 30 JUNE 2017 04/08/2017 | P.8
Slide 9: Solid Operating and Financial Results
SOLID OPERATING AND FINANCIAL RESULTS HALF YEAR 2017 In EUR m H1-2016 H1-2017 Var. H1-17 / KEY COMMENTS H1-16 Strong Total Fleet growth of +9.1% vs end June 16 Total fleet (1) (‘000 vehicles) 1,321 1,441 +9.1% Leasing contract margin 251.4 272.0 +8.2% Leasing Contract & Services Margins, together, r
Slide 10: Gross Operating Income
GROSS OPERATING INCOME THREE MAIN CONSTITUENTS Services margin Leasing contract margin Car sales result H1 H2 H1 % H1 H1 H2 H1 % H1 H1 H2 H1 % H1 In EUR m In EUR m In EUR m 2016 2016 2017 ’17-’16 2016 2016 2017 ‘17-’16 2016 2016 2017 ‘17-’16 Leasing contract Services revenues 813 854 886 +9% 1,694 1
Slide 11: Balance Sheet Overview
BALANCE SHEET OVERVIEW AS OF 30/06/2017 KEY COMMENTS In EUR million Jun-16 Dec-16 Jun-17 Var YTD Earning assets 13,710.3 14,587.5 15,543.1 +6.6% Dynamic growth in Earning Assets underpinned by Long term invt. – Equity Reinvestment 1,061.3 980.2 913.8 (6.8%) strong growth of on-balance-sheet fleet Ca
Slide 12: Funding
FUNDING AN ATTRACTIVE FUNDING STRUCTURE Key comments Funding structure(1) ALD has an attractive, flexible funding structure • As a corporate affiliated to a bank, ALD has no Pro forma funding Securitisation regulatory liquidity requirements 10% structure External loans • Societe Generale has committ
Slide 13: Guidance and Medium Term Outlook
GUIDANCE AND MEDIUM TERM OUTLOOK 2017 guidance 2016-2019 outlook Total Fleet Fleet growth of around 8% versus 2016 2016-2019 Total fleet CAGR of 8-10% Leasing contract & Services margins growth of 8-10% Gross per annum throughout the period Gross Operating Income growth of around 8% versus O
Slide 14: Key Figures
KEY FIGURES AT 30 JUNE 2017 Consolidated income statement Change in % Change in % (in EUR m) Q2 2017 Q2 2016 H1 2017 H1 2016 Q2 '17/'16 H1 '17/'16 Leasing Contract and Services Margins 289.0 268.0 +7.8% 569.5 519.3 +9.7% Gross Operating Income 333.9 324.0 +3.0% 662.2 627.3 +5.6% Net Income (Group Sh
Slide 15: Appendix
APPENDIX | ALD 04/08/2017 | P.15
Slide 16: Solid Operating and Financial Results - 2nd Quarter 2017
SOLID OPERATING AND FINANCIAL RESULTS 2ND QUARTER 2017 In EUR m Q2 2016 Q2 2017 Var. Q2-17 / KEY COMMENTS Q2-16 Total fleet (1) (‘000 vehicles) 1,321 1,441 +9.1% Strong Total Fleet growth of +2.4% vs end March 17 Leasing contract margin 129.8 143.2 +10.3% Gross Operating Income at EUR 333.9m in Q2 1
Slide 17: ALD: A Customer Centric Ecosystem
ALD: A CUSTOMER CENTRIC ECOSYSTEM FOR MOBILITY SOLUTIONS A broad range of services Benefits for clients Leasing contract margin: 41% (1) Become trusted Offer broad mobility provider spectrum of mobility solutions Greater flexibility and focus on core business Financing Registration & Delivery Mainte
Slide 18: Full Service Leasing (FSL)
FULL SERVICE LEASING (FSL) CONSOLIDATION IS DRIVEN BY THE ADVANTAGES OF SCALE # countries 5 31 41 27 18 14 1 1 3 5 2 covered (1) 2016 fleet 1,707 1,677 (‘000) 1,376 Europe Rest of the World (2) 1,028 1,263 1,303 985 644 291 328 (3) 154 131 114 99 13 Favorable purchasing position with supplying partn
Slide 19: A Global Footprint and Leading Position
A GLOBAL FOOTPRINT AND LEADING POSITION TOP 3 POSITIONS IN 26 COUNTRIES Breakdown of vehicles, market share and ranking by country – FSL & FM Western Market Market Fleet Ranking CEE Fleet Ranking Europe share share France 459,166 28% 1 Cz. Rep. 17,746 11%* 5* Germany 146,413 8% 3 Russia(3) 16,962 43
Slide 20: ALD Is at the Forefront of Innovation
ALD IS AT THE FOREFRONT OF INNOVATION IN MOBILITY SERVICES Fleet Financing DIGITAL & SHARING TELEMATICS Fleet Services Driver Services Car Sharing Solutions ALD Sharing MULTI- TRAVEL & MODALITY PAYMENTS CAR SHARING Cars can be FLEXIBILITY shared among a Pay As You Go group of people Mobility
Slide 21: ALD: Key Investment Highlights
ALD: KEY INVESTMENT HIGHLIGHTS LEADERSHIP A global leader in Mobility Services, an industry with high #1 #3 barriers to entry where scale matters in Europe globally GROWTH Key drivers: continued outsourcing megatrend, distribution +8-10% partnerships, new fast growing markets, Private Lease / retail
Slide 22: ALD Successfully Listed on Euronext Paris
ALD SUCCESFULLY LISTED ON EURONEXT PARIS ALD’s shares 1 Societe Generale will remain the controlling shareholder of ALD commenced trading on 16 June 2017 ALD has historically operated as a quasi-autonomous entity within 2 the Societe Generale group Implied total valuation of ALD EUR 5.78 billion at
Slide 23: Experienced International Management Team
EXPERIENCED INTERNATIONAL MANAGEMENT TEAM Experienced and dynamic executive Efficient hub organisation management team Executive management vision disseminated through empowered local management Decentralized operational organisation managed through the Mike MASTERSON Tim ALBERTSEN Gilles BELLEMERE
Slide 24: Expertise in Residual Value Management
EXPERTISE IN RESIDUAL VALUE MANAGEMENT REMARKETING AND STRONG FLEET DIVERSIFICATION ROBUST RESIDUAL VALUE RISK MANAGEMENT REMARKETING EXPERTISE FRAMEWORK In-depth knowledge of secondhand car markets Development of in-house electronic auction platform has been a ALD’s central team monitors majo
Slide 25: Overview of US and EU Car Market Dynamics
OVERVIEW OF US AND EU CAR MARKET DYNAMICS US vs. EU: Used vehicle prices US vs. EU: New vehicle registrations In thousand units 140 20,000 130 17,812 17,866 18,000 17,048 120 110 110 16,000 14,367 14,319 100 14,000 13,480 90 96 12,000 80 70 10,000 10,602 11,097 2008 2009 2010 2011 2012 2013 2014 201
Slide 26: ALD's Exposure to Diesel
ALD’S EXPOSURE TO DIESEL AND RELATED RESIDUAL VALUE OUTLOOK Today ALD’s Western Europe Diesel fleet entirely Euro5/Euro6 engines ALD is exposed to CLEAN DIESEL Majority of Euro6 Diesel engines by end of 2017 and only Euro6 Diesel engines by end of 2019 in with strong rotation Western Europe of f
Slide 27: High Quality of Services Recognised Through Numerous Awards
HIGH QUALITY OF SERVICES RECOGNISED THROUGH NUMEROUS AWARDS Note: Data as of 31/12/2016 04/08/2017 | P.27