Fleetpartners Group Limited · ASX:FPR
Fleetpartners — Macquarie Conference (July 2025)
15 slides from Fleetpartners's conference presentation, Jul 23, 2025
Slide 1: 3Q25 business update
3Q25 business update FleetPartners Group Limited (ASX:FPR) 23 July 2025
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: Why FleetPartners?
Why FleetPartners? Highly predictable, cash generative business operating in a defensive asset class – growth opportunities supported by sector leading capability and underpenetrated target markets Investing for growth in large and underpenetrated markets • Operating in underpenetrated, high-returni
Slide 4: Resilient performance over time
Resilient performance over time AUMOF – continued stable growth NOI pre EOL and provisions End of lease per unit higher for longer 7.2% CAGR 5.3% CAGR EOL charges per unit ($) Profit per unit ($) $2.26b $2.30b $164.7m $164.9m $2.26b $158.7m $7,543 $2.14b $150.8m $151.8m $2.04b $6,291 $5,994 $6,062 $
Slide 5: 3Q25 business update
3Q25 business update FleetPartners remains resilient despite temporary disruption as a result of the Accelerate system cutover AUMOF GROWTH EBITDA GROWTH TEMPORARY SYSTEM DESPITE DECLINE IN NBW EXCLUDING EOL CUTOVER DISRUPTION 5% 5% NBW AUMOF growth1 – the key input to driving NOI pre EOL and provis
Slide 6: Clear pathway to resolve temporary impacts post business transformation
Clear pathway to resolve temporary impacts post business transformation FleetPartners is already seeing the benefits of one brand and one system, however system cutover related disruption remains Action taken / being undertaken Impacts Action Resolution date • Areas of disruption clearly identified
Slide 7: Fleet Australia
Fleet Australia Although NBW and AUMOF have been impacted by the Accelerate system cutover and weaker macroeconomic conditions, 3Q25 was one of Fleet Australia’s most successful tender periods, with a high number of mandate wins, despite the disruption New business writings1 AUMOF 6 month period ◼ A
Slide 8: Fleet New Zealand
Fleet New Zealand NBW softer due to challenging economic environment – asset base stable New business writings1 AUMOF 6 month period ◼ AUMOF – Balance sheet2 3 month period ◼ AUMOF – P&A NZ$124m NZ$571m NZ$581m NZ$574m NZ$573m NZ$554m NZ$102m NZ$100m NZ$13m NZ$6m NZ$4m NZ$95m NZ$24m NZ$18m NZ$85m NZ
Slide 9: Novated
Novated Novated has been impacted by the disruption of the Accelerate system cutover New business writings AUMOF 6 month period ◼ AUMOF – Balance sheet1 3 month period ◼ AUMOF – P&A $167m $164m $151m $152m $673m $682m $632m $62m $52m $572m $82m $503m $103m $92m $123m $68m $611m $630m $550m $469m $38
Slide 10: End of lease income
End of lease income Used car prices appear to have stabilised, with 3Q25 profit per unit greater than 1H25 – continue to expect that the normalisation of EOL income will take longer, resulting in stronger EOL over the medium term Vehicles sold and end of lease income per unit Comments EOL charges pe
Slide 11: Funding – Australian ABS
Funding – Australian ABS $400m Australian ABS completed in Jul-25 provides a benefit to cost of funds – Class A notes priced at 100bps Comments Warehouse capacity and funding mix at Jun-251 Undrawn • Regular ABS issuer since 2010, with a proven ability to issue through periods of Drawn Warehouse vol
Slide 12: FY25 expectation analysis
FY25 expectation analysis Expectations for FY25 remain in line with the half year FY25 FY24A Comments (no changes since 1H25 results) (expectation) • Growth in average AUMOF partially offset by reduction in management fees as extensions reduce to more typical levels and NOI pre EOL and provisions $1
Slide 13: FY25 full year outlook
FY25 full year outlook FleetPartners views FY25 as a transition year, with momentum expected to build into 2H26 and beyond. Confidence in the outlook is underpinned by growth potential in underpenetrated segments and the progressive realisation of incremental Accelerate benefits The operating enviro
Slide 14: Summary
Summary Consistent performance continues to validate the defensiveness and cash generative nature of the ✓ operating model ✓ 3Q25 delivered 5% growth in AUMOF vs pcp, and 5% YTD growth in NOI pre EOL and provisions vs pcp However, FY25 is a transition year following a major business transformation –
Slide 15: Thank you
Thank you fleetpartners.com.au
FleetPartners Group — Macquarie Conference (July 2025) on 6ix