Ayvens · EURONEXT:AYV
Ayvens — Investor Day (September 2026)
52 slides from Ayvens's investor day presentation, Sep 21, 2026
Slide 1: Aim for excellence. Execute better, every day.
CAPITAL MARKETS DAY | 21 SEPTEMBER 2026 Aim for excellence. Execute better, every day.
Slide 2: Disclaimer
Disclaimer This presentation contains statements, projections, estimates, forecasts, targets and opinions (collectively, "Forward-Looking Statements") relating to strategies of Ayvens’ Group. These Forward-Looking-Statements are based on a series of assumptions, both general and specific, in particu
Slide 3: Today's speakers
Ayvens 2029 Today's speakers Philippe de Rovira Patrick Sommelet Berno Kleinherenbrink Chief Executive Officer Deputy CEO (DGD) Deputy CEO (DGA) & & Chief Financial Officer Group Regional Director
Slide 4: Summary
ummar 01 Ayvens: built to lead 02 Strategic Plan - Ayvens 2029 G R O W E X C E L T R A N S F O R M 03 Financial trajectory 04 Key takeaways
Slide 5: Ayvens: built to lead
01 Ayvens: built to lead 5
Slide 6: Delivering the PowerUP 2026 plan
01 | Proven execution, stronger competitive edge Delivering the PowerUP 2026 plan Successful integration of Delivering Enhanced market ALD & LeasePlan strong financials profile Mergers completed in 21 countries Earning assets: +6% p.a Shift to value Total shareholder return in a regulated environmen
Slide 7: Our next strategic chapter
01 | Navigating a transforming industry Our next strategic chapter Ayvens outlook Upgrade in financial targets for 2029(1) C/I ratio(2) G R O W c. 49% including a decrease in operating expenses Optimize growth and returns, navigating a transforming industry • 2029 Funded fleet: >+3% vs. Dec. 26 ROTE
Slide 8: Resilient operating lease market in a transforming industry
01 | Navigating a transforming industry Resilient operating lease market in a transforming industry A decreasing car market A resilient operating lease market New passenger car registrations New passenger car registrations in operating lease (million vehicles in EU, EFTA, UK) (million vehicles in EU
Slide 9: BEV market is maturing
01 | Navigating a transforming industry BEV market is maturing Current decade Next decade Early Transition Electric as the development phase new norm • Low consumer appetite & awareness • Stricter regulation ahead of customer • Customer acceptance, TCO advantage vs. adoption ICE vehicles • Range anx
Slide 10: Shifting competitive frontiers in leasing
01 | Navigating a transforming industry Shifting competitive frontiers in leasing Multi-brand lease companies Banks OEM captives Dealer Groups Historic Operating lease Financial lease core offer Historic core International & large corporates Retail (SMEs & Consumers) customer segment Growing into Re
Slide 11: Best positioned to lead the industry and capture retail growth
01 | Navigating a transforming industry Best positioned to lead the industry and capture retail growth Largest fleet & geographic footprint Ayvens’ competitive advantage among multi-brand players Total fleet size Countries covered Scale advantages: procurement power, operational efficiency, remarket
Slide 12: Turning context into strategic actions
01 | Navigating a transforming industry Turning context into strategic actions Context Opportunities • Renew focus on growth and clients now that the integration Low market growth for the phase is completed operating lease • Seize bolt-on acquisitions opportunities Fast growing Chinese OEMs • Size p
Slide 13: Ayvens 2029 strategic plan
Ayvens 2029 02 Ayvens 2029 strategic plan 13
Slide 14: 3 pillars to achieve our ambition
3 pillars to achieve our ambition Creating value for all our stakeholders GROW EXCEL TRANSFORM Grow selectively Operational excellence powered Prepare today for & upsell by people, data, tech & AI tomorrow’s opportunities Supported by strong foundations People Risk management Sustainability 14
Slide 15: Creating value for all our stakeholders
02 | Vision and supporting foundations Creating value for all our stakeholders Clients Society Leveraging our scale and strong expertise, we make We contribute to a more sustainable future, mobility easy for our clients and optimize their reducing our clients' fleet emissions mobility cost Employees
Slide 16: Achievement of our strategic objectives relies on our people
02 | Vision and supporting foundations Achievement of our strategic objectives relies on our people Agility AI & Data culture Performance & accountability Empowerment Client centricity 16
Slide 17: Robust risk management
02 | Vision and supporting foundations Robust risk management Comprehensive risk Strong risk Disciplined residual coverage governance value risk management Group wide oversight of residual value, ALM, • Oversight by Ayvens’ Board of Directors, Leveraging deep remarketing credit, compliance, privacy,
Slide 18: Sustainability embedded in the business, delivering value for Ayvens
02 | Vision and supporting foundations Sustainability embedded in the business, delivering value for Ayvens Integrated approach across the value chain Sustainable Circular economy Sustainable Low emission Vehicle life cycle mobility products in vehicle supply chains fleets management and advisory op
Slide 19: GROW
GROW EXCEL TRANSFORM Operational excellence Grow selectively & upsell Prepare today for powered by people, data, tomorrow’s opportunities tech & AI 19
Slide 20: Selective growth & upsell ambitions
Selective growth & upsell ambitions G R O W Gain market share in profitable geographies and segments Selective growth Grow retail funded fleet by 15% vs. 2026 funded fleet growth above 3% vs. 2026 Grow LCVs funded fleet by 10% vs.2026 G R O W Increase penetration in insurance & damage cover by at le
Slide 21: Selective growth strategy
G R O W Grow selectively Selective growth strategy Screen all market segments and Balance growth perspectives Allocate resources to 1 identify the growing spots 2 and profitability 3 the highest-value opportunities BY COUNTRY BY Developed markets CUSTOMER TYPE Emerging markets Large corporates Small
Slide 22: Differentiated growth strategies across geographies
G R O W Grow selectively Differentiated growth strategies across geographies Eastern Europe, Western Europe UK Asia, LATAM Large and mature countries Medium growth High growth and less Increase profitability with modest market growth countries mature markets 49% 33% 8% 10% of the fleet of the fleet
Slide 23: Grow our retail segment
G R O W Grow selectively Grow our retail segment Strategic rationale 1 Growing market +7% estimated growth(1) 2026 - 2029 2 Established footprint 780k vehicles 3 Multi-channel distribution capabilities 4 Strong profitability margins 50 bps higher 65% SMEs – 35% consumers 460+ partners vs. corporates
Slide 24: Increase LCV share and upgrade footprint
G R O W Grow selectively Increase LCV share and upgrade footprint Strategic rationale 1 Stronger market growth +7% expected growth 2026-2029 (1) 2 Uneven market share across countries 3 Stronger resale performance Strategic actions Expand our expertise to Target SMEs & Upgrade our LCV Lead with next
Slide 25: Scaling up our services offer
G R O W Upsell Scaling up our services offer Strategic opportunities Services penetration rates are Usage and clients’ needs are Data and connected fleets uneven across service types evolving with electrification enhance further our knowledge of and locations the usage of vehicles Develop and sell n
Slide 26: Grow our share of wallet in insurance & damage cover
G R O W Upsell Grow our share of wallet in insurance & damage cover Synergetic adherence to Ayvens’ business model 1 2 Integrated value proposition Attractive economics 3D coverage Competitive Increased Optimised fleet Accretive to the Low capital Low volatility cover safety management Group’s profi
Slide 27: Unlocking additional value in the EV charging market
G R O W Upsell Unlocking additional value in the EV charging market Fully integrated offer Access, transparency and & customer seamless service cost control One card/app, accessing > 1mln charge Tag Vehicle order (1) points with full transparency in public, (Multi-brand vehicle catalogue) App home a
Slide 28: EXCEL
GROW EXCEL TRANSFORM Grow selectively & upsell Operational excellence Prepare today for powered by people, data, tomorrow’s opportunities tech & AI
Slide 29: Cost reduction initiatives across the Group
Cost reduction initiatives across the Group E X C E L Steady decrease of operating expenses(1) • Simplify and standardize our processes • Mutualize our resources • Automate labour-intensive processes, leveraging data & AI, Annual operating targeting 30% efficiency gains on selected key processes exp
Slide 30: Leveraging AI to accelerate Ayvens' transformation
E X C E L Leveraging AI to accelerate Ayvens’ transformation AI AI AI Transform business Engineers’ Adoption and processes productivity acculturation of AI by all employees Machine learning led use cases Use of generative AI leverage data & develop and agents Accompany all Ayvens’ business cases lev
Slide 31: Developing AI-powered solutions to decrease cost of customer interactions
E X C E L Developing AI-powered solutions to decrease cost of customer interactions Customer interactions ~8m ~6m ~1m per annum Phone calls Emails & web to case Digital touchpoints Strategy AI-powered technology model 1 Contact strategy AI Deflection Enhancing efficiency Leveraging data to understan
Slide 32: Optimize onboarding efficiency
E X C E L Optimize onboarding efficiency Client onboarding – KYC and Credit Current state ~100K new clients Fragmented Labour-intensive onboarded in 2025 processes workflows Strategy Performance levers 1 Processes alignment Speed Efficiency & cost Risk & Compliance Standardise, simplify and Immediat
Slide 33: Spend smarter on IT, create more value
E X C E L Spend smarter on IT, create more value Building Ayvens Global Mobility Platform Expected benefits Component Deployment strategy Customers satisfaction & growth Key differentiation in mobility market Client interface Improve customer experience Build in-house assets 1 through digitalization
Slide 34: Optimize cost to serve focusing on vehicles operations
E X C E L Optimize cost to serve focusing on vehicles operations Optimising costs through 5 levers 3.1m 1 Preferred network Vehicles Improve steering through MyAyvens app and by vehicle type 2 Systematic cost control Leverage AI across a 50m-event data lake, country benchmarks and control towers EUR
Slide 35: Optimizing asset value through remarketing excellence
E X C E L Optimizing asset value through remarketing excellence 3 objectives 5 levers 1 Maximize resale price vs. B2B benchmark Remarketing platforms Ayvens Carmarket Reduce logistics costs Cycle time management 2 Steer resale Vehicle selection and Minimize remarketing timing condition costs Multi-c
Slide 36: TRANSFORM
GROW EXCEL TRANSFORM Operational excellence Grow selectively & upsell powered by people, data, Prepare today for tech & AI tomorrow’s opportunities
Slide 37: Shape the used car lease market
T R A N S F O R M Shape the used car lease market Strategic rationale 1 Strong market growth prospect 2 Powerful client acquisition engine 3 Superior profitability Higher margins vs. new 4 Long-term growth potential supported +10% expected CAGR More than 60% customers vehicle leases by electrificati
Slide 38: Connected, software defined & AI-enabled vehicles
T R A N S F O R M Connected, software defined & AI-enabled vehicles Keys trends 1 AI is moving into the vehicle • On-device and cloud-based intelligence Implications for Ayvens • The vehicle as a connected platform, not fixed hardware 2 Software-defined vehicles the new standard • Customer experienc
Slide 39: Ayvens in the autonomous vehicles value chain
T R A N S F O R M Ayvens in the autonomous vehicles value chain Significant potential volumes in the long term Ayvens is a natural partner. 3 success enablers for AVs / Robotaxis: 1. AV tech leadership Maintenance and insurance expertise 2. Demand & client access Financing & asset risk capabilities
Slide 40: Financial trajectory
Ayvens 2029 03 Financial trajectory 40
Slide 41: 2027 – 2029 outlook
03 | Financial trajectory 2027 – 2029 outlook Economic outlook - Eurozone outlook • GDP growth: gradually up to c. 1.5% in Earning assets growth 2029 • c.+10% in Dec 29 vs. Dec 26, accelerating throughout the period • 2029 interest rates: ECB deposit facility rate gradually up to 2.75% Margins growt
Slide 42: Optimizing funding cost and resilience through diversification
03 | Financial trajectory Optimizing funding cost and resilience through diversification Well-balanced funding mix (EUR bn)(1) Bank loans Societe Generale(2) 15% 23% • Funding relationships with more than 50 • Average oversubscription rate of approximately Securitization banking partners and IFIs wo
Slide 43: Funding strategy outlook 2027-2029
03 | Financial trajectory Funding strategy outlook 2027-2029 Continuing to diversify funding RETAIL R E T A I L DEPOSITS DEPOSITS S ECURITIZATION SECURITIZATION BOND B O N D MARKET MARKET +EUR 1-2bn EUR 1-2bn EUR 2-3bn Annual net deposit Annual issuance program Annual issuance program collection obj
Slide 44: Enhancing performance readability
03 | Financial trajectory Enhancing performance readability From to Underlying C/I Ratio C/I Ratio excl. hyperinflation Reported Operating Expenses Reported Operating Expenses excl. CTA , rebranding, consultancy & one-off IT impairment Reported Margins Reported Margins excl. hyperinflation, PPA, non
Slide 45: Improving C/I ratio by 4 points supported by steadily decreasing operating expenses
03 | Financial trajectory Improving C/I ratio by 4 points supported by steadily decreasing operating expenses ~+2p.p ~-3p.p ~+3p.p ~53% ~-6p.p ~49% 2026 guided Overheads Impact of Growth & Productivity 2029 guided C/I Ratio(1) inflation electrification Upselling including AI benefits C/I Ratio(1) EX
Slide 46: Upgrading our financial targets
03 | Financial trajectory Upgrading our financial targets 2026 targets 2029 targets(1) Ayvens 2029 ROTE 13%-15% 14%-16% CET 1 ratio c. 12% c. 12.5% C/I ratio(2) c. 53% c. 49% eq. to c.52% underlying including a decrease in operating expenses Dividend Payout 50% 50%-60% + return of excess capital 46
Slide 47: Key takeaways
Ayvens 2029 04 Key takeaways 47
Slide 48: Key takeaways
1. Resume growth accelerating throughout the plan while being selective. Key 2. Optimize our processes with AI-driven automation to reduce costs. C/I ratio at c. 49% takeaways 3. Leverage our people expertise and scale to better serve our clients. Ayvens 2029 4. Foster a performance and data driven
Slide 49: Our journey
Our journey 2023 2026 2029 2030 Ayvens 2029 decade • Integration of ALD & LeasePlan • Optimize growth and returns • Electric is the new norm • Delivering scale benefits in a • Selective fleet growth • Accelerating growth disrupted environment • Profitability driven by margins • Higher profitability
Slide 50: Appendix
STRATEGIC PLAN Od Appendix
Slide 51: Strong cost discipline backed by proven execution
05 | Appendix Strong cost discipline backed by proven execution Evolution of operating expenses in EURm 1,998 +182 -198 -157 -31 -118 1,664 2023 Inflation CTA & rebranding Staff synergies Other synergies Other savings H1 2026 annualised (1) Operating expenses Operating expenses 51 1. FY 2023 on a pr
Slide 52: Societe Generale Group
SOCIETE GENERALE GROUP