Element Fleet Management Corporation · TSX:EFN
Element Fleet Management — Corporate Update (February 2018)
10 slides from Element Fleet Management's corporate update, Feb 5, 2018
Slide 1: Corporate Update
Corporate Update February 5, 2018 Element Fleet Management Element Fleet Management Corporate Update
Slide 2: Agenda
Agenda • Backdrop • Strategic Review • Management Succession • Priorities and Initiatives • Outlook Element Fleet Management Corporate Update 2
Slide 3: Brian Tobin, Chairman
Brian Tobin Chairman Element Fleet Management Corporate Update
Slide 4: Backdrop
Backdrop • EFN has expanded rapidly through acquisition and organic growth, creating North America’s leading fleet management platform • Sustained innovation and investment have produced compelling new services for customers, positioning EFN to profit from the new face of mobility and transportation
Slide 5: Strategic Review
Strategic Review Staying the Course • In consultation with several of our largest shareholders and with assistance of our advisers, Element explored a broad spectrum of alternatives over the past year • We evaluated a number of opportunities to surface shareholder value and weighed them against our
Slide 6: Management Succession
Management Succession • Having established a vision and foundation for growth, Bradley Nullmeyer is retiring after five years • Daniel Jauernig named acting Chief Executive Officer • Daniel joined EFN in 2014 and has comprehensive knowledge of our operations, customers and industry • Board has initi
Slide 7: Daniel Jauernig, Acting CEO
Daniel Jauernig Acting CEO Element Fleet Management Corporate Update
Slide 8: Priorities and Initiatives
Priorities and Initiatives Operational Excellence • Optimize the customer experience • Align expenses to revenue growth • Maintain investment in innovation and customer service • Execute on current pipeline of business • Leveraging our industry-leading technology and recent investments • Greater pen
Slide 9: Outlook
Outlook Business Update • 2017 operating results in the core fleet business to be in line with previously communicated 2017 guidance • Integration challenges resulted in 2017 ending with a decline in service units from the third quarter • 2018 core fleet adjusted operating income will be down approx
Slide 10: EFN Remains Attractively Positioned
EFN Remains Attractively Positioned Business Update • Robust fundamentals and leading market share in North American fleet • Strong free cash flow and excess internally generated capital to fund operations, growth and return of capital through dividends and share buybacks • Access to low cost fundin
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