Slide 1: Third Quarter 2017 Results
ALD Group THIRD QUARTER 2017 RESULTS 03 NOVEMBER 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 Fleet growth exceeding expectations, driving solid results Total fleet at 1.48 m vehicles at end September 17, up 9.8% vs. end Pilot agreement between ALD UK and NatWest to jointly market a September 16, up 2.7% vs. end June 17 brand new online car financing product for NatWest consume
Slide 4: Fleet Growth Exceeding Expectations
FLEET GROWTH EXCEEDING EXPECTATIONS Total Fleet 1.48m vehicles Total Fleet growth up 9.8% vs. September 16 1,481 1,376 • Total Fleet up 2.7% in third quarter 1,207 1,107 • All regions contributing to fleet growth 917 955 1,009 • On-Balance Sheet fleet reached 1.16m vehicles, benefiting from transfer
Slide 5: Solid Operating and Financial Performance
SOLID OPERATING AND FINANCIAL PERFORMANCE 9M 2017 KEY COMMENTS Var. 9M 17 In EUR m 9M 2016 9M 2017 / 9M 16 Gross Operating Income: EUR 994.8m up 4.5% vs. 9M 16 (1) Total fleet (‘000 vehicles) 1,348 1,481 +9.8% Leasing Contract & Services Margins together up 8.4%, and Leasing contract margin 387.7 42
Slide 6: Car Sales Result and Used Car Sales
CAR SALES RESULT AND USED CAR SALES Car Sales Result 17.3% Resilience, despite diesel concerns 17.2% 15.1% 15.3% 14.6% 13.4% 12.0% • Volume of used cars sold1 is rising with fleet 52 56 49 48 45 45 40 • Average car sales margin per unit1 decreasing due to pressure on resale prices of diesel cars in
Slide 7: Focus: Remarketing & Diesel
FOCUS: REMARKETING & DIESEL Remarketing tools & process improvement Today ALD’s W-Europe fleet entirely Euro5/Euro6 engines ALD is exposed to Majority of Euro6 engines by end of 2017 and only Euro6 • Number of cars sold B2B via electronic platforms1 CLEAN DIESEL engines by end of 2019 in Western Eur
Slide 8: Positive Supply & Demand Environment
POSITIVE SUPPLY & DEMAND ENVIRONMENT 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 2015 201
Slide 9: Guidance and Medium Term Outlook
GUIDANCE AND MEDIUM TERM OUTLOOK 2017 revised guidance 2016-2019 outlook Fleet growth of more than 8% (revised from “around Total Fleet 2016-2019 Total fleet CAGR of 8-10% 8%”) versus 2016 Leasing contract & Services margins growth of 8-10% Gross Gross Operating Income growth of around 7% per annum
Slide 10: Appendix
APPENDIX |] ALD 03/11/2017 | P.10
Slide 11: Solid Operating and Financial Results Q3 2017
SOLID OPERATING AND FINANCIAL RESULTS 3RD QUARTER 2017 Var. Q3 '17 / In EUR m Q3 2016 Q3 2017 Q3 '16 (1) Total fleet (‘000 vehicles) 1,348 1,481 +9.8% Leasing contract margin 136.2 148.9 +9.3% Services margin 139.5 143.7 +3.0% Car sales result 49.0 40.0 (18.4%) Gross Operating Income 324.7 332.5 +2.
Slide 12: Balance Sheet Overview as of 30/06/2017
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