Slide 1: Third quarter 2022 Results
Third quarter 2022 Results 4 November 2022
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: Highlights
= Highlights
Slide 4: Record financial performance
Record financial performance Funded fleet Used car sales per Net income unit sold (Group share) 1.45m EUR 3,149 EUR 918m +2.8% organic vs. Sep 2021 vs. EUR 1,126 9M2021 +50.5% vs. 9M2021 4 │04/11/2022
Slide 5: Proven track record of profitable growth through the cycle
Proven track record of profitable growth through the cycle Funded fleet (in ‘000) GOI excl. UCS (in EUR m) C/I ratio excl. UCS 57.1% 1,600 1,600 60% 51.2% 48.8% 1,200 1,200 45% 800 800 30% 400 400 15% 2007–2021 CAGR +7.5% 2011–2021 CAGR +7.9% 2011–2021: -8.3 pts 0 0 0% 9M 2022 2011 2012 2013 2014 20
Slide 6: Update on the acquisition of LeasePlan
Update on the acquisition of LeasePlan ALD continues to work Approval processes on Rights issue expected by Closing of the acquisition towards the completion track end 2022 expected in Q1 2023 of the LeasePlan acquisition 6 │04/11/2022
Slide 7: 9M 2022 Operational and financial performances
9M 2022 Operational and financial performances
Slide 8: Solid commercial dynamics
Solid commercial dynamics In a context of continuing supply constraints Funded fleet at 1,454k vehicles, up 5.2% vs end September 2021 Funded fleet (‘000) at end of period ▪ Organic growth: +2.8% vs. end September 2021 +4% ▪ +1.9% vs. end December 2021, on track with guidance 1,454 +2% of +2%/+4% gr
Slide 9: Total margins boosted by depreciation adjustments
Total margins boosted by depreciation adjustments Non-operating items impacting Leasing contract margin for total of EUR +224.6m in 9M 2022, of which EUR 108.7m in Q3 Total margins excl. UCS (in EUR m) ▪ Hyperinflation in Turkey(1): EUR +60.1m 1,259 ▪ Depreciation adjustments: EUR +189.6m vs 1,019 2
Slide 10: Reduction in depreciation costs anticipating future UCS results
Reduction in depreciation costs anticipating future UCS results 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) UCS result (in EUR m) 311 273 +63 Net book value +67 168 -38 248 206 215 217 1
Slide 11: Exceptionally high Used car sales result
Exceptionally high Used car sales result Used car sales result (in EUR m) Used car sales per unit sold (in EUR) Used cars sold ('000 units) 4,000 3,607 3,330 624 3,014 247 3,000 198 1,974 2,000 278 1,000 0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 9M 2021 9M 2022 9M 2021 9M 2022 Used car sales resul
Slide 12: Record net income
Record net income Total operating expenses (in EUR m) Total Operating Expenses at EUR 624.3m in 9M 2022, 624 including 492 84 › LeasePlan acquisition-related costs: EUR 83.9m › Scope effect (Sabadell Renting, FFM UK): EUR 9.9m 540 › Increased variable compensation accrual 492 ▪ Cost/Income ratio (ex
Slide 13: 9 months 2022 financial results
9 months 2022 financial results In EUR million 9m 2022 9m 2021 Var. Var. % Leasing contract & Services margins at Total contracts ('000) 1,762 1,679 83 4.9% EUR 1,259.4m vs. EUR 1,019.2m in 9M 2021 Full service leasing contracts 1,454 1,382 72 5.2% Fleet management contracts 308 297 11 3.7% Operatin
Slide 14: Outlook
Outlook
Slide 15: Updated 2022 guidance
Updated 2022 guidance Funded fleet(1) Used car sales Dividend payout ratio(2) To grow between To be above To be between 2% and . 4% EUR 2,800 50% and 60% vs Dec 2021 per unit sold Previously Above EUR 2,000 15 │04/11/2022 1. Full Service Lease contracts including ALD Flex and Used Car Lease 2. % of
Slide 16: Appendix
Appendix
Slide 17: Third quarter financial results
Third quarter financial results In EUR million Q3 2022 Q3 2021 Var. Var. % Leasing contract & Services margins at Total contracts ('000) 1,762 1,679 83 4.9% EUR 454.2m Full service leasing contracts 1,454 1,382 72 5.2% ▪ Turkey hyperinflation: EUR +20.6m Fleet management contracts 308 297 11 3.7% ▪
Slide 18: Balance sheet at 30 June 2022
Balance sheet at 30 June 2022 June December Var. Var. % In EUR million 2022 2021 June 22 vs. Dec 21 June 22 vs. Dec 21 Earning assets 23,652 22,489 1,164 5.2% Earning Assets grew by 5.2% o/w Rental fleet 22,912 21,711 1,201 5.5% between December 2021 and June o/w Financial lease receivables 740 777
Slide 19: Quarterly series
Quarterly series (in EUR million)1 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022(3) Leasing Contract Margin 159.0 127.3 145.3 172.9 171.6 185.2 174.2 201.8 168.4 311.2 273.4 Services Margin 164.1 165.6 164.8 157.5 156.5 158.3 173.5 161.8 160.6 165.1 180.7 Le
Slide 20: Yearly series
Yearly series (in EUR million)(1) 2015 2016 2017 2018 2019 2020 2021 Leasing Contract Margin 431.6 514.1 574.5 623.8 664.1 604.4 732.8 Services Margin 534.0 528.6 593.0 616.7 632.3 652.0 650.0 Leasing Contract & Services Margins(2) 965.6 1,042.7 1,167.5 1,240.5 1,296.4 1,256.4 1,382.8 Used Car Sales
Slide 21: Increased recognition of ALD's strong commitments in ESG
Increased recognition of ALD’s strong commitments in ESG Advanced Low Risk C (“Prime”) ‘A’ rating B 74/100 (Gold) (16.2) #1 Top 12% Rated “Prime” Top 30% Better than: Improvement to in Business on sustainability Top 2% Support Services performance - European average Gold rating renewed Top 1% Top 8%
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