AGM CEO Speaking Notes

• Underlying profit after tax grew close to 20% in FY2024
• Orders and deliveries reached new highs, fleet growth in Corporate and Novated channels
• LeasePlan integration on track, $20M in additional pre-tax synergies expected

SG Fleet Group Ltd's CEO Robbie Blau provided an overview of the company's performance in the 2024 financial year, highlighting an exceptional year with underlying profit after tax growing close to 20%. Orders and deliveries again achieved new highs, and both the Corporate and Novated funded fleets grew materially. While a drop-off in used vehicle values was anticipated, this did not occur as early or as materially as expected, with the increase in revenue from strong deliveries more than offsetting the modest adjustment in end of lease disposal income. The CEO noted that lower used vehicle values, combined with a couple of other factors, will see the company return to a more normal revenue profile in the current financial year. The LeasePlan integration remains on track, and the company expects to deliver an additional $20 million in pre-tax run-rate synergies post the SAP migration, on top of the $5 million in synergies already achieved over the past three financial years. The CEO also provided an update on the company's performance in the first quarter of the 2025 financial year, noting that the trends seen in the final quarter of FY2024 have continued, with strong business development activity and improving vehicle supply across all three countries the company operates in.

SG Fleet Group Ltd confirms it remains comfortable with the UNPATA guidance provided at the FY2024 results announcement.