ALD ALD Rated "Prime" by ISS rating
For the first time ALD has been rated by ISS ESG, one of the main extra-financial rating agencies. ALD performance in terms of eco-efficiency was highlighted in the assessment.
ALD is ranked in the second highest decile of the sector and is granted a "Prime" rating, meaning that it fulfils ISS ESG's demanding requirements regarding sustainability performance in its sector.
Conference call for investors and analysts
Date: 3 August 2021, at 10.00 am Paris time - 9.00 am London time
Speakers: Tim Albertsen, CEO and Gilles Momper, CFO
Connection details:
* Webcast
* Conf call:
- France: +33 (0) 1 7037 7166
- UK-Wide: +44 (0) 33 0551 0200
- USA : +1 212 999 6659 ? Password : ALD
2021 Agenda
4 November 2021 Trading update and Q3 results
10 February 2022 Q4 and FY 2021 results
Press contact
Stephanie Jonville
ALD Communication Department
Tel.: +33 (0)6 46 14 81 90
stephanie.jonville@aldautomotive.com
About
ALD
ALD is a global leader in mobility solutions providing full service leasing and fleet management services across 43 countries to a client base of large corporates, SMEs, professionals and private individuals. A leader in its industry, ALD places sustainable mobility at the heart of its strategy, delivering innovative mobility solutions and technology-enabled services to its clients, helping them focus on their everyday business.
With 6 700 employees around the globe, ALD manages 1.76 million vehicles (at end-June 2021).
ALD is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: ALD) and is included in the SBF120 index. Société Générale is ALD's majority shareholder.
This document contains forward-looking statements relating to the targets and strategies of ALD SA (the "Company") and its subsidiaries (together with the Company, the "Group"). These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union. These forward-looking statements have also been developed from scenarios based on a number of economic assumptions in the context of a given competitive and regulatory environment. The Group may be unable to: - anticipate all the risks, uncertainties or other factors likely to affect its business and to appraise their potential consequences; - evaluate the extent to which the occurrence of a risk or a combination of risks could cause actual results to differ materially from those provided in this document and the related presentation. Therefore, although the Company believes that these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, including matters not yet known to it or its management or not currently considered material, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, overall trends in general economic activity and in the Group's markets in particular, regulatory changes, and the success of the Company's strategic, operating and financial initiatives. More detailed information on the potential risks that could affect the Company's financial results can be found in the Universal Registration Document and in the Last Financial Report filed with the French Autorité des Marchés Financiers. Investors are advised to take into account factors of uncertainty and risk likely to impact the operations of the Group when considering the information contained in such forward-looking statements. Other than as required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information or statements. Unless otherwise specified, the sources for the business rankings and market positions are internal. The financial information presented for the half-year ending 30 June 2021 was reviewed by the Company's Board of Directors on 02 August 2021 and has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date.
Appendix
Consolidated income statement
in EUR million Q2 Q2 Q H1 H1 H1
20211 2020 Var.% 20211 2020 Var. %
Leasing contract revenues 2,236.6 2,233.6 0.13%
Leasing Contract Costs - Depreciation (1,780.2) (1,835.8) -3.0%
Leasing Contract Costs - Financing (70.8) (103.6)) -31.6%
Unrealised Gains/Losses on Financial Instruments (14.0) 1.3 -1146.0%
Leasing Contract Margin 192.9 130.5 47.9% 371.6 295.5 25.8%
Services Revenues 1,056.7 1,062.3 -0.5%
Cost of Services Revenues (756.8) (741.9) 2.0%
Services Margin 150.6 162.4 -7.3% 299.9 320.4 -6.4%
Leasing Contract and Services Margins 343.5 292.9 17.3% 671.6 615.9 9.0%
Proceeds of Cars Sold 1,995.1 1,355.5 47.2%
Cost of Cars Sold (1,869.8) (1,367.1) 36.8%
Used Car Sales result 87.1 (14.9) ns 125.3 (11.6) ns
GROSS OPERATING INCOME 430.6 278.0 54.9% 796.9 604.3 31.9%
Staff Expenses (214.5) (203.3) 5.5%
General and Administrative Expenses (83.7) (82.0) 2.1%
Depreciation and Amortisation (31.7) (28.1) 12.7%
Total Operating Expenses (166.1) (151.3) 9.8% (329.9) (313.4) 5.3%
Cost/Income ratio (excl CSR) -48.3% -51.7% -6.4% -49.1% -50.9% -3.4%
Impairment Charges on Receivables (7.9) (29.8) -73.5% (16.6) (47.6) -65.1%
OPERATING RESULT 256.6 96.9 164.7% 450.3 243.3 85.1%
Share of Profit of Associates and Jointly Controlled Entities 0.4 0.3 20.9% 0.7 0.7 3.0%
Profit Before Tax 257.0 97.2 164.3% 451.1 244.0 84.8%
Income Tax Expense (58.8) (17.9) 228.2% (95.6) (44.6) 114.6%
Profit for the Period 198.2 79.3 149.8% 355.4 209.5 69.7%
Net Income 198.2 79.3 149.8% 355.4 209.5 69.7%
Non-Controlling Interests 1.6 1.3 22.4% 3.4 2.6 31.1%
Net Income Group share 196.5 78.0 152.0% 352.0 206.8 70.2%
Return on Average Equity2 16.7% 10.5%
Total fleet and selected balance sheet figures
in EUR million, except stated otherwise 30.06.2021 31.12.2020 Var. % 30.06.2020 Var. %
Total Fleet (in '000 of vehicles) 1,761 1,758 +0.2% 1,765 (0.2%)
Total Assets 25,909 25,088 +3.3% 25,018 +3.6%
Earning Assets 21,585 20,825 +3.6% 20,480 +5.4%
Total Equity 4,323 4,195 +3.1% 3,912 +10.5%
Financial Debt3 18,064 17,646 +2.4% 17,905 +0.9%
Total Equity on Total Assets 16.7% 16.7% 15.6% 1 ALD's Q2 21, and H1 21 results have been subject to a limited review by ALD's Statutory Auditors
2 Annualised ratio: in the numerator quarterly figure multiplied by 4 or half-year figure multiplied by 2 or annual figure. In the denominator the arithmetic average of Equity attributable to owners of the parent at the beginning and end of the period
3 Financial Debt: defined as Borrowings from Financial institutions, Bonds and Notes issued -----------------------------------------------------------------------------------------------------------------------
[1] Total Contracts: full service lease contracts, fleet management contracts, and new mobility solutions contracts
[2] Management Information, calculated as a % of deliveries of Passenger cars (ALD funded fleet)
EV: BEV + PHEV
Europe includes EU + UK + Norway + Switzerland
[3] Annualised Cost of Risk as a % of Average Earning Assets
[4] Full Service Lease contracts including ALD Flex and Used Car Lease
[5] Including ALD Flex and Used Car Lease
[6] Including new mobility solutions
[7] New passenger car deliveries in EU + UK + Norway + Switzerland
[8] EV: BEV + PHEV
[9] New passenger car deliveries in EU + UK + Norway + Switzerland
[10] Management information
[11] Management information
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