FleetPartners Group Ltd (ASX:FPR)

Half Year 2025 Fleetpartners Group Ltd Earnings Call Transcript

May 11, 2025 / 12:00 AM GMT

Release Date Price: A$3.04 (+2.01%)

Transcript

Key Points

Positve

FleetPartners Group Ltd (ASX:FPR) successfully completed the Accelerate program, enhancing operational leverage and scalability.
The company reported strong cash generation, delivering $116 million of organic cash over the past 12 months.
FleetPartners Group Ltd (ASX:FPR) achieved a double-digit increase in EPS, normalized at 13% since FY23.
The company has a stable, predictable, and recurring earnings model, with 95% of NOI3 EOL provisions being annuity-like.
FleetPartners Group Ltd (ASX:FPR) is positioned to capture growth in underpenetrated markets, such as corporate and small fleets, and novated leasing.

Negative

The Accelerate system cutover caused temporary disruption, impacting new business writings, which were down 17% on PCP.
Net debt was elevated temporarily due to internal cash funding of $41 million of leases awaiting funding.
Provisions increased due to high arrears from temporary administrative delays associated with the system change.
The company experienced a 3% decrease in NOI compared to the prior corresponding period.
End of lease income was down 18% compared to PCP due to a decrease in the number of units sold.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FPR.AX - Fleetpartners Group Ltd
Half Year 2025 Fleetpartners Group Ltd Earnings Call
May 12, 2025 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Fleet Partners Group Limited 2025 half year results. All participants are in a listen-only mode, but there will be a presentation followed by a question and answer session. If you would like to ask a question, you'll press the star key followed by the number one on your telephone keypad.

I would now like to hand the conference over to Mr. Damien Bell, CEO. Please go ahead.

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Unidentified_2 [2]
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Good morning everyone, and thank you for joining Fleet Partners 2025 1st half results

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