Ayvens (AYV) Investor presentation summary

Strategic integration and market leadership

• Completed integration of ALD and LeasePlan, achieving EUR 440m in annual gross synergies and reducing operating expenses from EUR 1.99bn in 2023 to EUR 1.66bn annualized in H1 2026.

• Maintained superior margins and increased total shareholder return by 98% since January 2024, with a CET1 ratio around 12% and a dividend payout of 50%.

• Largest multi-brand fleet in the sector with 3.1 million vehicles across 40 countries, leveraging scale for procurement, efficiency, and risk management.

Industry transformation and electrification

• Operating lease market remains resilient despite a declining overall car market, with new passenger car registrations in operating lease growing slightly.

• Battery electric vehicle (BEV) market is maturing, with penetration expected to reach 50% by 2030, supported by improved infrastructure and customer acceptance.

• Strategic focus on retail growth, partnerships with new entrants, and expanding used car lease fleet to capture opportunities from electrification.

Strategic plan and operational excellence

• 2029 plan built on three pillars: selective growth and upsell, operational excellence through automation and AI, and preparing for future opportunities.

• Targeting over 3% funded fleet growth, 15% retail fleet growth, and 10% LCV fleet growth by 2029, with increased penetration in insurance and damage cover.

• Cost reduction initiatives aim for a steady decrease in operating expenses to around EUR 1.7bn and a 2% reduction in service costs by 2029.

• AI-driven automation targets 30% efficiency gains in key processes and software development, with over 3,200 employees trained.