Fleetpartners Group Limited · ASX:FPR
Fleetpartners — Macquarie Conference (July 2024)
10 slides from Fleetpartners's conference presentation, Jul 24, 2024
Slide 1: 3Q24 business update
3Q24 business update FleetPartners Group Limited (ASX:FPR) 24 July 2024
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: 3Q24 business update
3Q24 business update Strategic Pathways and order pipeline conversion are delivering growth in NBW and AUMOF … and ultimately annuity-like revenue • NBW up 32%1 and AUMOF up 8%2 driven by the continued execution of Strategic Pathways and supported by improvements in new vehicle supply Strong NBW and
Slide 4: Fleet Australia
Fleet Australia Continued success of Strategic Pathways delivering strong NBW and asset growth, supported by return of new vehicle supply New business writings1 Order pipeline2 AUMOF3 6 month period ◼ AUMOF – Balance sheet3 3 month period 2.6x ◼ AUMOF – P&A 2.5x $187m 2.3x 2.3x $1,059m $175m 2.2x $1
Slide 5: Fleet New Zealand
Fleet New Zealand NBW remains stable, partly supported by drawdown of pipeline as economy softens – asset base continues to grow New business writings1 Order pipeline2 AUMOF3 6 month period ◼ AUMOF – Balance sheet3 3 month period NZ$124m ◼ AUMOF – P&A NZ$571m NZ$580m NZ$554m 5.1x NZ$506m NZ$522m NZ$
Slide 6: Novated
Novated NBW run rate consistent with 1H24, supported by ongoing demand for EVs – asset base continues to grow New business writings1 Order pipeline2 AUMOF3 6 month period ◼ AUMOF – Balance sheet3 $167m ◼ AUMOF – P&A 3 month period $151m $603m 4.9x $572m 4.6x $503m $92m $103m $451m $453m 3.7x 3.8x 3.
Slide 7: End of lease income
End of lease income End of lease income per vehicle remains elevated Vehicles sold & end of lease income per vehicle1 Comments EOL charges per vehicle ($) • Whilst used vehicle prices have reduced from the peak in Feb-22, recent $8,300 Profit per vehicle ($) strength in certain vehicle segments has
Slide 8: FY24 expectation analysis
FY24 expectation analysis FY24 FY23A Comments (changes to 1H24 result presentation comments indicated in italics) (expectation) • Growth in average AUMOF partially offset by reduction in management fees as extensions and inertia reduce to more typical levels NOI pre EOL and provisions $150.8 and fun
Slide 9: Operating environment and strategic priorities
Operating environment and strategic priorities FleetPartners is continuing to execute on its clear strategy to pursue long-term value creation Operating environment Strategic priorities FleetPartners today • Customer demand continues to be solid across Fleet AU • Drive growth with Strategic Pathways
Slide 10: Thank you
Thank you fleetpartners.com.au
FleetPartners Group — Macquarie Conference (July 2024) on 6ix