Ayvens · EURONEXT:AYV
Ayvens — ALD — H1 2021 Earnings Presentation
25 slides from Ayvens's earnings presentation, Aug 3, 2021
Slide 1: First half 2021 Results
First half 2021 Results 3 August 2021
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: Strong financial performance in H1 2021
Strong financial performance in H1 2021 1.76m contracts 26% EV deliveries in Europe(1) H1 Used car sales result EUR 740 per unit 49.1% C/I EUR 352.0m (excl. UCS) ratio Net income (Group Share) (1) Management Information, calculated as a % of deliveries of Passenger cars (ALD funded fleet) 3 │03/08/2
Slide 4: Move 2025 strategic plan on track
Move 2025 strategic plan on track Strategic investment in Distribution partnerships A Belgian MaaS start-up ▪ Consolidated Mobility as a Service (MaaS) solutions for ▪ New fully digital EV partnership with ‘smart’ in 17 countries employees in Europe ▪ Combining consultancy services for mobility ▪ Re
Slide 5: Dynamic commercial activity
Dynamic commercial activity Record high order bank at quarter end Impact of semiconductors shortage Total contracts1 (‘000) ▪ Increased delays in the delivery of new cars 1,729 1,765 1,761 1,587 1,442 379 386 388 Strong success of the ALD Flex offer 349 343 ▪ Now available in 31 countries ▪ Growing
Slide 6: Acceleration of electrification
Acceleration of electrification ALD Passenger Car deliveries by powertrain (Europe(3)) Breakthrough of EV(2) confirming 2025 targets ▪ Share of EV reaches 26%(1) of passenger cars delivered in Europe(3) in H1 21, and 23% globally ▪ Average CO2 emissions of PC delivered by ALD below 100g (WLTP) for t
Slide 7: Financials
Financials
Slide 8: Outstanding remarketing performance
Outstanding remarketing performance Used car sales result H1 2018 H1 2019 H1 2020 H1 2021 Increasingly favourable conditions in used car 140 740 800 700 120 markets 100 600 424 500 ▪ High level of used cars sold1 at 82K units in Q2 80 87 in € per unit 299 400 60 in m € ▪ Strong demand driven by 30 3
Slide 9: Strong operating performance
Strong operating performance H1 2020 H1 2021 Specific provisioning Operating performance Specific provisioning o/w Excess depreciation EUR 30m UC stock provision EUR 18.6m EUR 6.9m IFRS 9 forward looking EUR 13.4m (1) (2) (3) 9 │03/08/2021 (1) Defined as Leasing contract and Services margins excludi
Slide 10: First half financial results
First half financial results Leasing contract and Services margins up EUR 55.6m ▪ EUR 12.7m excess depreciation release recorded in June results, H1 H1 Var. H1 Var. % H1 vs. EUR 30.0m charge in H1 2020 In EUR million 2021 2020 21 vs 20 21 vs 20 ▪ EUR 12.8m service tax provisions Total Contracts (1)
Slide 11: Balance sheet
Balance sheet In EUR million June Dec Var. June 21 Var. % June 21 Earning Assets increased by 3.6% 2021 2020 vs Dec 20 vs Dec 20 reflecting the increasing share of higher Earning assets 21,585 20,825 760 3.6% value vehicles (EV) in new deliveries o/w Rental fleet 20,814 20,077 737 3.7% o/w Financial
Slide 12: Outlook
Outlook
Slide 13: 2021 Guidance
2021 Guidance Funded fleet(1) Used Car Sales Improvement in to grow between result per unit to be Cost/income ratio 1% and 3% vs. 2020 between (excl UCS) vs. 2020 EUR 600 and EUR 900 13 │03/08/2021 (1) Full Service Lease contracts including ALD Flex and Used Car Lease
Slide 14: Appendix
Appendix
Slide 15: Second quarter financial results
Second quarter financial results Leasing contract and Services margin together up 17.3% vs Q2 2020 Q2 Q2 Var. Q2 Var. % Q2 In EUR million ▪ Less volume discounts and over-mileage billing within 2021 2020 21 vs 20 21 vs 20 Services margin Total Contracts (1) (‘000) 1.761 1.766 -5 -0,3% Leasing contra
Slide 16: Quarterly series
Quarterly series (in EUR million)1 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Leasing Contract Margin 165.1 167.6 166.1 165.1 130.5 151.7 178.9 178.7 192.9 Services Margin 159.5 158.7 166.0 158.0 162.4 158.3 151.5 149.3 150.6 Leasing Contract and Services Margins 324.6 3
Slide 17: Yearly series
Yearly series (in EUR million)1 2015 2016 2017 2018 2019 2020 Leasing Contract Margin 431.6 514.1 574.5 623.8 664.1 626.1 Services Margin 534.0 528.6 593.0 616.7 632.3 630.3 Leasing Contract & Services Margins 965.6 1,042.7 1,167.5 1,240.5 1,296.4 1,256.4 Used Car Sales Result 207.2 201.5 165.3 102.
Slide 18: N°1 in Europe and widest coverage
N°1 in Europe and widest coverage Multi-brand Captives # countries covered 32 43 29 5 19 25 1 1 3 5 2 38 36 19 12 End fleet (‘000) 2000 1,852 1,869(6) as of December 1,757 2020 1,721(7) 98 410 1500 1,382(1) 916 ~1,000(2) 1000 933(8) 84 Europe 1,659 ~700 1,442 Rest of the 500 425(3) world 382(4) 953
Slide 19: A global footprint
A global footprint Breakdown of fleet by country as at 30/06/21 1.76m Contracts CEE Contracts Czech Republic 25.098 Russia 20.173 Western Europe Contracts Hungary 13.652 France 562.271 Poland 13.463 Germany 207.812 Turkey 10.801 Italy 166.993 Romania 10.072 United Kingdom 150.713 Austria 8.080 Spain
Slide 20: Move 2025: Strengthening our competitive edge
Move 2025: Strengthening our competitive edge Become a fully integrated sustainable mobility provider and the global leader in our industry. Four pillars to Move for Customers Growth Good Performance Be recognised as the most Be the global leader in Place people and corporate Generate value over the
Slide 21: ALD in 2025
ALD in 2025 Addressing all markets... ...with a broad product offer Extended asset lifecycle Mobility card ALD Flex First lease Second lease FSL ALD Move Car sharing Remarketing Fleet Management Innovative and evolutive Digitally and globally solutions for a changing market Decreased RV risk Driving
Slide 22: 2025 ambitions
2025 ambitions Move for Customers Move for Growth 2.3 15% Up to 50 c. C. CAGR 19-25 private lease & million contracts countries new mobility contracts Move for Good Move for Performance -40% 30% of new car Cost/income(3) 50-60% CO2 emissions for new deliveries to ratio down to Dividend payout contra
Slide 23: Best in class extra-financial performance
Best in class extra-financial performance B 70/100 (Gold) ‘A’ rating Advanced Low Risk (16.2) C Included in FTSE4Good “Prime” status Higher than the Group Gold rating Top 1/3 67/100, ‘Advanced’ Top 8% on global Second decile of Index Series Europe regional renewed with status Universe, the sector av
Slide 24: Half-year awards
202° Half-year awards Belgium EcoVadis Croatia EcoVadis Czech Republic EcoVadis Hungary EcoVadis Netherlands Great place to work Poland EcoVadis Belgium Trends Netherlands ProMedia Portugal EcoVadis Peru EcoVadis Slovenia EcoVadis Spain Adok Certificacién Top Employer UK EcoVadis €zech Republic Gold
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