Slide 1: First half 2022 Results
First half 2022 Results 3 August 2022
Slide 2: Disclaimer
Disclaimer The information contained in this document (the “Information”) has been prepared by ALD (the “Company”) solely for informational purposes. The Information is proprietary to the Company and confidential. This presentation and its content may not be reproduced or distributed or published, d
Slide 3: Highlights
= Highlights
Slide 4: Strong commercial and exceptional financial performance
Strong commercial and exceptional financial performance Funded fleet Used car sales per Net income unit sold (Group share) 1.45m EUR 3,212 EUR 606m +5.4% vs. June 2021 Vs. EUR 740 H1 2021 +72% vs. H1 2021 4 │03/08/2022
Slide 5: Navigating through a fast-changing environment
Navigating through a fast-changing environment Disruption of supply chains Risk of recession ▪ Bulk purchases and anticipation of orders, ▪ Development of multicycle lease leveraging on OEM partnerships offering ▪ Contract extension, ALD Flex and Used car ▪ Close monitoring of riskier client lease s
Slide 6: ALD shaping the world of mobility
ALD shaping the world of mobility B to B to E(1) ALD Move launched in France in May 2022 ▪ Mobile application allowing users to plan, book and pay multimodal transports, enriched by ▪ Available to all employees B to C B to B ▪ Simple all-inclusive and fully digital subscription ▪ 52k vehicles(3) at
Slide 7: ALD committed to lead the transition to sustainable mobility
ALD committed to lead the transition to sustainable mobility ALD EU+(1) passenger car deliveries by powertrain(2) Transition to EV underpinned by strong megatrends 13% ▪ European regulations favouring electrification 27% ▪ Increasing interest from corporates and private individuals in (3) EV reducin
Slide 8: Strong commercial dynamics
Strong commercial dynamics In a context of continuing supply constraints Funded fleet at 1,448k vehicles, up 5.4% vs end June Funded fleet (‘000) at end of period 2021 ▪ Organic contribution to funded fleet growth: +3.1% vs. +4% end June 2021 1,448 1,427 +2% ▪ +1.5% vs. end December 2021, on track w
Slide 9: H1 2022 Financial results
= H1 2022 Financial results
Slide 10: Total margins boosted by non-operating items
Total margins boosted by non-operating items Non-operating items impacting Leasing contract margin for total of EUR +115.9m Total margins excl. UCS (in EUR m) ▪ Hyperinflation in Turkey(1): EUR +39.5m in Q2 2022 805 ▪ Depreciation adjustments: EUR +103.2m in H1 2022 vs 672 116 EUR +12.7m in H1 2021,
Slide 11: Record Used car sales result
Record Used car sales result Used car sales result (in EUR m) Used car sales per unit sold (in EUR) Used cars sold ('000 units) Q1 Q2 3,212 Q1 Q2 169 433 135 126 82 217 52 65 740 125 87 215 74 69 87 -92 -12 38 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H1 2020 H1 2021 H1 2022 H1 2020 H1 2021 H1 2022 Us
Slide 12: Record net income
Record net income Total Operating Expenses at EUR 404.3m in H1 2022, Total operating expenses (in EUR m) including 404 › LeasePlan preparation costs: EUR +41.3m 330 41 › Scope effect (Sabadell Renting, FFM UK): EUR +7.9m 166 185 › Increased variable compensation accrual ▪ Cost/Income ratio (excl. UC
Slide 13: Outlook
Outlook
Slide 14: 2022 guidance maintained
2022 guidance maintained Funded fleet(1) Used car sales Dividend Payout ratio To grow between To be above To be between 2% and . 4% EUR 2,000 50% and 60% vs Dec 2021 per unit sold 14 │03/08/2022 1. Full Service Lease contracts including ALD Flex and Used Car Lease
Slide 15: LeasePlan acquisition timeline
LeasePlan acquisition timeline Main achievements and next steps 2022 2023 Q1 Q2 Q3 Q4 6 January 2022 22 April 2022 ALD rights issue Signing of MoU Signing of Framework Agreement Acquisition closing(1) Q1 2022 Completion of works councils consultation M&A timeline Regulatory approvals Integration Int
Slide 16: Appendix
Appendix
Slide 17: First half financial results
First half financial results In EUR million H1 2022 H1 2021 Var. Var. % Leasing contract & Services Margins at EUR 805.2m vs. EUR 671.6 in H1 2021 Total contracts ('000) 1,761 1,761 0 0.0% Full service leasing 1,448 1,374 74 5.4% Fleet management 313 388 -74 -19.2% Operating expenses impacted by acq
Slide 18: Second quarter financial results
Second quarter financial results In EUR million Q2 2022 Q2 2021 Var. Var. % Leasing contract & Services Margins at EUR 476.3m Total contracts ('000) 1,761 1,761 0 0.0% ▪ Turkey hyperinflation: EUR +39.5m Full service leasing 1,448 1,374 74 5.4% ▪ Depreciation adjustments: EUR +90.7m in Q2 2022 vs Fl
Slide 19: Balance sheet
Balance sheet 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% vs o/w Rental fleet 22,912 21,711 1,201 5.5% December 2021, reflecting the o/w Financial lease receivables 740 777 (37) -4.8% inc
Slide 20: Quarterly series
Quarterly series (in EUR million)(1) Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Leasing Contract Margin 127.3 145.3 172.9 171.6 185.2 174.2 201.8 168.4 311.2 Services Margin 165.6 164.8 157.5 156.5 158.3 173.5 161.8 160.6 165.1 Leasing Contract and Services Margins(2) 29
Slide 21: 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 22: 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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