Ayvens (AYV) investor relations material

Strategic vision and foundations

• Aims to optimize growth and returns by 2029, focusing on selective fleet growth, operational excellence, and transformation for future opportunities.

• Integration of ALD & LeasePlan completed, delivering €440m annual gross synergies and reducing opex from €1.99bn in 2023 to €1.66bn in H1 2026 annualized.

• Sustainability embedded, targeting a reduction in CO2 intensity of leased fleet to 75–85g/km by 2029, supporting SBTi-validated CO₂ trajectory.

• Robust risk management with comprehensive oversight and disciplined residual value risk management.

• Commitment to value creation for clients, society, employees, and shareholders, with a focus on employee development and customer-centricity.

Growth and business development

• Funded fleet to grow >3% and earning assets by ~10% by 2029 vs. Dec 2026; retail funded fleet to grow 15% and LCVs by 10%.

• Retail segment targeted for 15% growth, reaching over 900k vehicles by 2029; LCV segment to grow 10%.

• Upsell strategy includes increasing insurance & damage cover penetration to 56% by 2029 and rolling out Ayvens Power charging card in 15 countries.

• Scaling used car lease (Re-lease) to 100k+ vehicles by 2029, with a 13% CAGR.

• Differentiated growth strategies by geography, balancing profitability and market expansion.

Operational excellence and cost efficiency

• Targeting a cost-to-income (C/I) ratio of ~49% by 2029, down from ~53% in 2026, driven by automation, process simplification, and AI.

• Annual operating expenses base targeted at ~€1.7bn, with 30% efficiency gains on key processes and IT intensity ratio reduced to ~12%.

• AI-powered solutions to improve customer interactions, onboarding, and remarketing, supporting retail growth and cost reduction.

• Optimizing cost to serve in vehicle operations, targeting ~2% reduction in net spend by 2029.

• Operational efficiency to be enhanced by process harmonization and IT simplification.