AGM CEO Presentation

• Exceptional performance as environment starts to normalise
• Strong order growth in Corporate and Novated maintained
• Anticipating continued strong earnings and gradual return to normal supply and used values environment in FY25

SG Fleet Group Ltd has delivered a strong AGM presentation, highlighting exceptional performance as the environment starts to normalise. The company reported NPAT Underlying of $89.7 million, EPS Underlying of 26.23 cents, and a full year dividend of 33.93 cents per share. The company has seen strong order growth in both the Corporate and Novated channels, with funded new deliveries up 38.2% and the funded fleet growing 6.8%. The company is anticipating continued strong earnings and a gradual return to a normal supply and used values environment in FY25. The LeasePlan integration is entering its final phases, with synergies reaffirmed. In Australia, the corporate environment remains stable with vehicle registrations at record levels and supply improving further. In the Novated environment, novated leasing continues to attract new employers and drivers, with strong EV and PHEV demand. In New Zealand, tender activity remains strong despite muted economic conditions, and in the UK, the company is seeing further progress as the environment improves. The company has maintained its guidance range for 1QFY25, with supply continuing to improve, supporting delivery numbers, and the order pipeline remaining elevated in both Corporate and Novated. The company has also completed the move to a single platform in New Zealand and is focused on the SAP migration in Australia, with a further $20 million in synergies reiterated.

The company has maintained its guidance range for 1QFY25, with supply continuing to improve, supporting delivery numbers, and the order pipeline remaining elevated in both Corporate and Novated.

The company is anticipating continued strong earnings and a gradual return to a normal supply and used values environment in FY25.