Fleetpartners Group Limited · ASX:FPR
Fleetpartners — Corporate Update (July 2023)
11 slides from Fleetpartners's corporate update, Jul 19, 2023
Slide 1: 3Q23 business update
3Q23 business update FleetPartners Group Limited (ASX:FPR) 19 July 2023
Slide 2: Legal disclaimer
Legal disclaimer This Presentation contains summary information about FleetPartners Group Limited (FleetPartners) and its subsidiaries and their activities, current as at the date shown on the front page of this Presentation. The information in this Presentation does not purport to be complete. It s
Slide 3: 3Q23 business update
3Q23 business update Defensive business model delivering solid growth, strong cash generation and stable portfolio credit quality • Orders and pipeline have continued to grow during 3Q23, indicative of strong customer demand Robust customer • NBW has also grown during the quarter, despite the ongoin
Slide 4: Fleet Australia
Fleet Australia Order activity remains solid, whilst NBW demonstrates slight growth despite impacts of supply constraints – asset base remains stable NBW orders1 New business writings (NBW) Comments 6 month period 1.2x 3 month period 1.1x • Demand has remained strong with new orders for YTD Jun-23 1
Slide 5: Fleet New Zealand
Fleet New Zealand Strong increase in NBW in 3Q23 – asset base is growing NZD NBW orders1 New business writings (NBW) Comments 6 month period 1.7x 3 month period 1.5x • Fleet New Zealand has driven a strong uptick in orders in YTD23, 1.3x reaching 1.7x pre-COVID-19 levels1 • Order activity was driven
Slide 6: Novated
Novated Significant increase in new orders in YTD23, which is starting to flow to NBW – asset base is growing NBW orders1 New business writings (NBW)2 Comments 6 month period 1.7x 3 month period • Novated has driven a significant uptick in orders in YTD23, reaching 1.7x pre-COVID-19 levels1 and sign
Slide 7: End of lease income and portfolio credit quality
End of lease income and portfolio credit quality End of lease income per vehicle remains elevated – portfolio credit quality remains high Vehicles sold & end of lease income per vehicle1 90+ day arrears3 (bps) EOL charges per vehicle ($) $8,813 Profit per vehicle ($) 49 $7,734 $7,658 $7,753 $7,204 3
Slide 8: Capital management
Capital management On track to have returned c.24% of share capital by Sep-23 Buy-back1 Accelerate update 4% of SOI 24% of SOI ✓ Wave 1 completed c.3 months ahead of plan … rest of project on track illustratively to be illustratively to be FY23 FY24 FY25 Status 2% of SOI cancelled4 cancelled ✓ cance
Slide 9: FY23 expectation analysis
FY23 expectation analysis FY23 FY22A Comments (Comments in italics updated from 1H23 presentation) (expectation) FY23 expected to be c.5% below FY22, due to: • Delay in NBW due to continued supply disruptions in 1H23 • Continuation of maintenance activity levels observed in 1H23 due to higher fleet
Slide 10: Operating environment and strategic priorities
Operating environment and strategic priorities FleetPartners has a clear strategy to pursue long-term growth Operating environment Strategic priorities FleetPartners today • AUMOF growth has continued and proven resilient • Strategic Pathways execution on track … targeting ✓ Highly cash-generative b
Slide 11: Thank you
Thank you fleetpartners.com.au