FleetPartners Group (FPR) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional landowners and a review of the agenda, including business highlights and board introductions.

• Chair's address and CEO & MD's address were scheduled, followed by voting.

• CEO to provide business update and FY25 expectations, followed by Q&A and formal resolutions.

Financial performance review

• FY24 saw record new business writings of AUD 924 million, up 21%, and AUMOF of AUD 2.3 billion, up 11%.

• NPATA was AUD 88 million, down 1% due to reduced management fees and higher warehouse funding.

• Adjusted cash EPS increased 13% year-on-year, supported by earnings and share buy-back.

• Cash conversion ratio reached 128%, with a net cash position of AUD 31.3 million as of September 2024.

• Net operating income pre EOL and provisions reached AUD 159 million, with 95% recurring income.

Board and executive committee updates

• Board highlighted gender diversity, sector expertise, and succession planning.

• Board chaired by Gail Pemberton, with a diverse executive team including CEO & MD Damien Berrell and CFO James Owens.

• Re-election of three directors: Russell Shields, Fiona Trafford-Walker, and Cathy Yuncken, each addressing their contributions and future focus.