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PRESS RELEASE

Allane Mobility Group: Positive development in consolidated operating revenue and earnings in the first quarter of 2023

• Group operating revenue increased to EUR 96.6 million
• Consolidated earnings before taxes (EBT) increased slightly to EUR 4.44 million
• Group contract portfolio slightly down
• Forecast for the 2023 financial year confirmed

Pullach, 11 May 2023 – The Allane Mobility Group (“Allane“), specialist for vehicle leasing and full-service solutions in Germany, today published its quarterly statement for the first three months of the 2023 financial year. Accordingly, both consolidated operating revenue and earnings before taxes (EBT) increased compared to the same period last year, while the Group's contract portfolio showed a slight decrease. Overall, the Company developed in line with expectations. For the full year 2023, Allane expects an increase in the Group contract portfolio.

Donglim Shin, CEO of Allane SE: “The first quarter has shown that our growth strategy 'FAST LANE 27' is already making an impact and is having a positive effect on the development of our consolidated operating revenue. We are confident that we will also be able to expand our contract portfolio in the current financial year – in particular through our Captive Leasing business pillar, which we have only just begun to build up in 2022."

Business development in the first quarter of 2023
The Group contract portfolio in Germany and abroad (excluding franchise and cooperation partners) amounted to 114,400 contracts, 1.3 percent below the figure as of 31 December 2022 (115,900 contracts).

Consolidated revenue, which includes operating sales and sales revenue, decreased by 0.6 percent in the first quarter of 2023, falling slightly to EUR 188.6 million (Q1 2022: EUR 189.8 million). By contrast, consolidated operating revenue (excluding sales revenue) increased slightly by 0.8 percent to EUR 96.6 million (Q1 2022: EUR 95.8 million). This was due to the increase in usage-related revenues, such as fuel revenues and revenues from individual service products, which had still been impacted by COVID-19 measures in the prior-year quarter. Sales revenue from the sale of lease returns and the marketing of customer vehicles from Fleet Management decreased by 2.1 percent and thus slightly to EUR 92.0 million (Q1 2022: EUR 94.0 million). This development results in particular from the decline in sales volume due to a reduced remarketing portfolio following a low contract portfolio and a higher number of contract prolongations.

Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 5.5 percent to EUR 50.2 million in the first quarter of 2023 (Q1 2022: EUR 47.6 million). Earnings before taxes (EBT) increased by 0.5 percent to EUR 4.44 million (Q1 2022: EUR 4.42 million), resulting from a decrease in expenses for fleet and leased assets. This positive effect was countered by the increase in depreciation on leased assets and the increase in refinancing costs due to higher interest expenses. As a result, the operating return on revenue (EBT/Consolidated revenue) remained stable at 4.6 percent (Q1 2022: at 4.6 percent).

Outlook for the 2023 financial year confirmed
The Allane Mobility Group confirms its forecast published in the 2022 Annual Report. According to this, Allane Mobility Group expects its Group contract portfolio for the current 2023 financial year to be in a range of 120,000 to 150,000 contracts (2022: 115,860 contracts) and consolidated operating revenue to be between EUR 350 million and EUR 400 million (2022: EUR 385.4 million). For EBT, the company expects a low double-digit million-euro amount (2022: EUR 12.8 million).

The full quarterly statement as of 31 March 2023 is available for download on the Allane Mobility Group Investor Relations website.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
[email protected] 

PRESS RELEASE

Allane Mobility Group publishes Annual Report 2022 and expects contract portfolio to increase in 2023

Pullach, 28 April 2023 – The Allane Mobility Group („Allane“), specialist for vehicle leasing and full-service solutions in Germany, today published its Annual Report 2022. According to the report, business development in 2022 was in line with the preliminary figures published in March. Earnings before taxes (EBT) more than doubled on stable consolidated operating revenue. For the current 2023 financial year, Allane expects an increase in the Group contract portfolio to up to 150,000 contracts, consolidated operating revenue of between EUR 350 million and EUR 400 million, and EBT in the low double-digit million-euro range.

Business development 2022
Overall, the Group contract portfolio in Germany and abroad (excluding franchise and cooperation partners) was 10.1 percent down on the prior-year figure at 115,900 contracts. Consolidated revenue, which includes operating sales and sales revenue, decreased by 3.2 percent to EUR 717 million in the 2022 financial year. By contrast, consolidated operating revenue (excluding sales revenue) remained largely stable at EUR 385.4 million. Sales revenue from the sale of lease returns and the marketing of customer vehicles from Fleet Management fell by 6.4 percent to EUR 331.6 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased slightly by 0.6 percent to EUR 185.1 million in the reporting year. Earnings before taxes (EBT) improved significantly by 109.0 percent to EUR 12.8 million.

Dividend proposal
For the 2022 financial year, the Managing Board of Allane SE plans to propose a dividend distribution of EUR 0.09 per share to the Annual General Meeting on June 30, 2023. This dividend proposal represents an increase compared to the previous year (2021: EUR 0.06) and would result in a payout ratio of around 21 percent of consolidated net income for the 2022 financial year. The proposed appropriation of profits is subject to the approval of the Supervisory Board and will be published with the agenda for the 2023 Annual General Meeting.

Outlook
According to its forecast published in the Annual Report 2022, Allane Mobility Group expects its Group contract portfolio for the current 2023 financial year to be in a range of 120,000 to 150,000 contracts (2022: 115,860 contracts) and consolidated operating revenue to be between EUR 350 million and EUR 400 million (2022: EUR 385.4 million). For EBT, the company expects a low double-digit million-euro amount (2022: EUR 12.8 million).

The full forecast for the 2023 financial year is included in Allane Mobility Group's Annual Report 2022, which is available on the Company's website.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.

Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.

Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

https://allane-mobility-group.com/en

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
[email protected] 

Allane Mobility Group introduces new brand names as part of rebranding process

Pullach, March 29, 2023 – The Allane Mobility Group (formerly Sixt Leasing), a specialist for vehicle leasing and full-service solutions in Germany, introduces a new brand identity in its fleet business. As of April 2023, fleet leasing will be managed under the brand "Allane Fleet" (previously "Sixt Leasing") and fleet management under the brand "Allane Mobility Consulting" (previously "Sixt Mobility Consulting"), including a new corporate identity. This measure is part of the comprehensive rebranding process started in 2022 at the level of the Allane Mobility Group.

Donglim Shin, CEO of Allane SE: "As announced, we are now establishing the Allane brand in our business fields and thus standardizing our market presence. The renaming will take place gradually. For the fleet business, we plan to complete the rebranding process by the end of the current financial year."

Until all relevant platforms and systems have been converted, the previous brand names "Sixt Leasing" and "Sixt Mobility Consulting" will still be visible in certain places.

In addition, the B2C brands "Sixt Neuwagen" and "autohaus24" will be expanded to include the addition "powered by Allane" from April 2023.

The rebranding transfers the name change of the Allane Mobility Group, which took place in the 2021 financial year, into the Company's brand identity. The name "Allane" is inspired by the traffic sign "All Lanes". It stands for the Company's comprehensive one-stop-shop approach and is also intended to strengthen its perception as an international provider. At the same time, the word "Allane" resembles a first name, which makes the Company human and approachable.

The logos of the brands "Allane Fleet" and "Allane Mobility Consulting" are available for download here.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach near Munich is a specialist for vehicle leasing and full-service solutions in Germany. With tailor-made solutions, the Company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Allane SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

www.allane-mobility-group.com


Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
[email protected]

PRESS RELEASE

Allane Mobility Group significantly increases earnings in 2022 while consolidated operating revenue remains stable

• Consolidated operating revenue of EUR 385.4 million at the level of the prior year
• Earnings before taxes increase by 109.0 percent to EUR 12.8 million
• Group contract portfolio decreases 10.1 percent to 115,900 contracts
• Successful launch of the FAST LANE 27 strategy

Pullach, March 23, 2023 – The Allane Mobility Group (formerly Sixt Leasing), specialist for vehicle leasing and full-service solutions in Germany, significantly improved its earnings in the 2022 financial year in a challenging market environment. According to preliminary calculations, earnings before taxes (EBT) more than doubled in the 2022 financial year while consolidated operating revenue remained stable. Business performance was negatively impacted in particular by the continuing supply bottlenecks for new vehicles and the resulting decline in the contract portfolio. This was accompanied by the macroeconomic impact of the Russia-Ukraine war.

Donglim Shin, CEO of Allane SE: "The 2022 financial year was again challenging for us. Nevertheless, we succeeded in keeping our consolidated operating revenue stable and significantly improving our earnings. We presented our new growth strategy and have already successfully implemented the first measures. With our in-house developed 'Allease' dealer platform, we have laid an important foundation for future growth. In the 2022 financial year, for example, we have already secured numerous new contracts through our cooperation with Hyundai. In the new financial year, we want to grow in all business areas, in other words on 'all lanes'."

Business development
In the Retail Leasing business field, the contract portfolio as of December 31, 2022 was down 3.5 percent year-on-year to 35,300 contracts. In the Fleet Leasing business field, the number of contracts was slightly above the previous year's level at 33,600, an increase of 0.8 percent. In the Fleet Management business unit, the number of contracts fell by 20.3 percent to 47,000. Overall, the Group contract portfolio in Germany and abroad (excluding franchise and cooperation partners) was down 10.1 percent on the prior-year figure at 115,900 contracts.

According to preliminary calculations, consolidated operating revenue (excluding sales revenue) was in line with the previous year at EUR 385.4 million. Sales revenue from the sale of lease returns and the marketing of customer vehicles from Fleet Management fell by 6.4 percent to EUR 331.6 million. Despite continued high demand and rising unit prices for used vehicles, this development resulted mainly from a decline in sales volumes, which in turn was due to a lower contract portfolio and a higher number of contract prolongations in the Leasing business unit. Consolidated revenue, which includes consolidated operating revenue and sales revenue, therefore fell slightly by 3.2 percent to EUR 717.0 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased slightly by 0.6 percent to EUR 185.1 million in the 2022 financial year. Earnings before taxes (EBT) improved significantly by 109.0 percent to EUR 12.8 million. This was mainly due to lower depreciation and amortization and a significant improvement in the financial result.

Implementation of the new growth strategy FAST LANE 27
In the 2022 financial year, Allane Mobility Group presented its new growth strategy FAST LANE 27. The focus of the strategy, which is to be implemented by 2027, is on the strategic development of the business model. FAST LANE 27 includes a comprehensive package of measures aimed at getting Allane back on the growth track to become the leading multi-brand provider of comprehensive mobility solutions in Europe in the long term. The new strategy also anchors the goal of becoming more sustainable by further increasing the proportion of alternative drives in Allane's fleet and promoting green mobility solutions.

In the 2022 financial year, Allane Mobility Group introduced two new business pillars – On-Site Retail and Captive Leasing – as part of its strategy implementation. While On-Site Retail includes the business of autohaus24, the core of the Captive Leasing business pillar consists of the “Allease” dealer portal newly developed by Allane. In this context, Allane has already launched a cooperation with Hyundai Motor Germany. Under the "HYUNDAI Leasing" brand, the 490 German Hyundai dealerships can work with Allane as a leasing partner and offer their customers attractive leasing rates directly on site.

The final and audited figures for the 2022 financial year and an outlook for the 2023 financial year will be announced by Allane Mobility Group with the publication of the Annual Report 2022 on April 28, 2023.

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About Allane Mobility Group:

Allane Mobility Group based in Pullach near Munich is a specialist for vehicle leasing and full-service solutions in Germany. With tailor-made solutions, the Company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Allane SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.

With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

www.allane-mobility-group.com

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
[email protected]

Allane Mobility Group: Leasing cooperation with Hyundai Motor Germany
 

Pullach, 01 February 2023 – The Allane Mobility Group (formerly Sixt Leasing), specialist for vehicle leasing and full-service solutions in Germany, has entered into a cooperation with Hyundai Motor Germany ("Hyundai"). Under the "HYUNDAI Leasing" brand, the 490 German Hyundai dealerships can now work with Allane as a leasing partner and offer their customers attractive leasing rates directly on site via a dealer portal newly developed by Allane. Following an extensive test phase with selected dealers, almost all German Hyundai dealers have now started working with Allane.

The leasing process and all other services are handled by the Allane Mobility Group in close cooperation with the dealer. In addition, Hyundai dealers have the option of acquiring the vehicles themselves at the end of the lease term and offering them as attractive and certified used cars under the “Hyundai Promise” program or leaving the marketing of the returned vehicles to Allane.

Not only the participating Hyundai dealers benefit from the cooperation, but also their customers: The close cooperation between Hyundai and Allane, a subsidiary of Hyundai Capital Bank Europe GmbH, enables customized leasing offers for Hyundai vehicles at attractive rates.

Donglim Shin, CEO of Allane SE: "We are pleased to now offer our full-service leasing offers directly to dealers under the “HYUNDAI Leasing” brand. This allows us to increase our customer base and at the same time further expand our contract portfolio. In the future, Hyundai customers will thus also be able to benefit from our comprehensive service at authorized local dealers, which includes attractive offers as well as smooth processing of services over the entire term of a leasing contract."

As part of the cooperation, Allane and Hyundai have developed a new dealer portal called "Allease". Based on an intensive exchange with the dealers, Allane is further expanding the IT system to continuously optimize its quality.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets. With tailor-made solutions, the Company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Allane SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In financial year 2021, the Group generated consolidated revenue of EUR 740 million.

With around 92 per cent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

www.allane-mobility-group.com

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610
[email protected]

Allane Mobility Group: Significant improvement in earnings in the first nine months of 2022

• Group’s contract portfolio at 118,200 as of reporting date
• Consolidated revenue down slightly to EUR 554.6 million
• Earnings before taxes (EBT) increase significantly to EUR 11.0 million
• Implementation of new "FAST LANE 27" growth strategy

Pullach, 09 November 2022 – The Allane Mobility Group (“Allane”), a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, recorded a slight decrease in consolidated revenue and a significant increase in earnings before taxes (EBT) in the first nine months of 2022. The Group's contract portfolio decreased compared with the prior-year figure and amounted to 118,200 contracts as of September 30, 2022.

Donglim Shin, CEO of Allane SE: “Although our contract portfolio declined further in the third quarter, we are benefiting from the positive development in the used car market thanks to our diversified business model. As a result, we significantly increased our earnings in the first nine months. We expect that demand and price levels in the used car market will remain high until the end of the year and that we will remain able to sell lease returns at high margins.“

Business performance
The Allane Mobility Group's business performance in the first nine months of 2022 was impacted by the continuing supply bottlenecks for new vehicles and the associated decline in contracts. In addition, the overall economic situation continues to be negatively impacted by the current Russia-Ukraine war. The Group’s contract portfolio in Germany and abroad (excluding franchise and cooperation partners) amounted to 118,200 contracts as of 30 September 2022, down 8.2 per cent on the prior-year figure (31 December 2021: 128,800 contracts). The contract portfolio in the Retail Leasing business field (Online Retail and Captive Leasing) decreased by 4.9 per cent to 34,700 contracts in the period from the end of December 2021 to the end of September 2022 (31 December 2021: 36,500 contracts), while it remained at the prior-year level in the Fleet Leasing business field at 33,200 contracts (31 December 2021: 33,300 contracts). In the Fleet Management business unit, the contract portfolio fell to 50,300 contracts, a decrease of 14.7 per cent year-on-year (31 December 2021: 59,000 contracts).

Consolidated revenue in the first nine months of 2022 fell slightly by 2.0 per cent to EUR 554.6 million (9M 2021: EUR 565.8 million) compared to the same period of the previous year. This development is mainly due to the supply bottlenecks for new cars and the resulting decline in contracts. Consolidated operating revenue, which does not include revenue from vehicle sales, increased by 0.1 per cent to 291.7 million euros (9M 2021: 291.5 million euros) and thus remained at the level of the previous year. Sales revenue from the sale of lease returns and the marketing of customer vehicles from fleet management decreased by 4.2 per cent to 263.0 million euros (9M 2021: 274.4 million euros). This development mainly results from a decline in sales volume despite continuing high demand and rising unit prices for used cars.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased by 2.1 per cent to EUR 139.4 million in the first nine months of 2022 (9M 2021: EUR 142.3 million). By contrast, earnings before taxes (EBT) increased significantly by 137.3 per cent to EUR 11.0 million (9M 2021: EUR 4.6 million). The operating return on revenue (EBT/consolidated operating revenue) therefore also improved significantly to 3.8 per cent (9M 2021: 1.6 per cent). The increased EBT in the first three quarters is mainly due to the high price level on the used car market and the resulting high margin on the sale of lease returns, lower depreciation on leased assets and an improvement in the financial result.

Consistent implementation of the new "FAST LANE 27" growth strategy
The Allane Mobility Group had presented its new growth strategy "FAST LANE 27" at this year's Annual General Meeting. The focus of "FAST LANE 27" is on the strategic further development of the business model. In this context, the Allane Mobility Group is further expanding its offering in the existing business areas and placing greater emphasis on innovation and cooperation. Another important component of "FAST LANE 27" is the goal of becoming more sustainable. The first "FAST LANE 27" measures were already implemented in the third quarter. For example, the Allane Mobility Group expanded its offering in the third quarter of 2022 to include trade-ins for used vehicles. Customers as well as non-customers thus have the option of either selling their old vehicle to Allane or trading it in when ordering a new vehicle. In addition, since the third quarter of 2022, the Allane Mobility Group has enabled all owners of electric cars to apply for the greenhouse gas reduction premium (GHG premium) via the sixt-neuwagen.de platform and guarantees a minimum premium of 365 euros per certificate for the year 2022.

Outlook
The Allane Mobility Group adjusted the forecast for the financial year on 2 November 2022. Accordingly, for the current 2022 financial year, the Company continues to expect a consolidated contract portfolio in a range of 110,000 to 130,000 contracts (2021: 128,800 contracts) and consolidated operating revenue of between EUR 350.0 million and EUR 400.0 million (2021: EUR 386.0 million). Based on the business development in the first nine months of 2022, the Management Board of Allane SE now expects that the Company will achieve a Group-EBT of between EUR 11 million and EUR 15 million in the current 2022 financial year. The main reasons for the raise of the EBT forecast are the high demand and the corresponding high price level on the used vehicle market, and the resulting still high margin of Allane SE on the sale of lease returns.

The full quarterly statement as of 30 September 2022 is available for download on the Allane Mobility Group Investor Relations website.

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About Allane Mobility Group:
Allane Mobility Group based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets. With tailor-made solutions, the Company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Allane SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In financial year 2021, the Group generated consolidated revenue of EUR 740 million.

With around 92 per cent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

www.allane-mobility-group.com

Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 81 610

[email protected]

Allane SE: Forecast raise for Group-EBT for 2022

Pullach, 2 November 2022 - The Management Board of Allane SE today came to the conclusion that the expectation for the financial year 2022, last communicated 24 August 2022, of a Group-EBT in the higher single-digit million euro range will probably be exceeded.

Based on the business development in the first nine months of 2022, the Management Board of Allane SE now expects that the company will achieve a Group-EBT of between 11 and 15 million euros in the current financial year 2022. However, the Management Board continues to expect for 2022 the group’s operating sales to be in a range between 350 and 400 million euros and the group’s contract portfolio to be in a range between 110,000 and130,000 contracts.

The main reasons for the raise of the EBT forecast are the high demand and the corresponding high price level on the used vehicle market, and the resulting still high margin of Allane SE on the sale of lease returns.


Contact:
Dominik Welz
Investor Relations
Email: [email protected]
Tel: +49 89 708081229

Allane Mobility Group publishes Half-Year Financial Report 2022

• Consolidated revenue rose by 1.1 per cent to EUR 371.2 million
• Earnings before taxes (EBT) increased significantly by 161.9 per cent to EUR 6.9 million
• Presentation of the new "FAST LANE 27" growth strategy
• Adjusted forecast for the 2022 financial year confirmed

Pullach, 24 August 2022 – The Allane Mobility Group (formerly Sixt Leasing), a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has recorded a slight increase in consolidated revenue and a significant increase in earnings before taxes (EBT) in the first half of 2022.

Profitable growth through „FAST LANE 27“
In order to meet changing customer needs and to sustain profitable growth, the Allane Mobility Group has realigned its strategy and presented it at this year's Annual General Meeting. The focus of "FAST LANE 27" is on the strategic development of the business model. Among other things, the established three business pillars are to be expanded with Captive Leasing as the fourth and On-Site-Retail as the fifth pillar.

Moreover, the Allane Mobility Group intends to further expand its offering in the existing business areas by taking into account trends such as Car-as-a-Service, used car leasing, electromobility as well as modular services in the area of Corporate Mobility. At the same time, innovation and cooperations are also to be given greater focus. Another important component of "FAST LANE 27" is the goal of becoming more sustainable. For this purpose, the Company is further increasing the share of alternative drive systems in its fleet and promoting green mobility solutions.

Donglim Shin, CEO of Allane SE: “Against the backdrop of the extremely challenging market environment, I am pleased with the increase in revenue and earnings in the first half of 2022. With our new strategic alignment, we want to grow profitably in the long term and, above all, expand our contract portfolio again. To achieve this, we will offer additional products and services on the one hand and expand our business model on the other. With 'FAST LANE 27', we have laid the foundation to take advantage of growth opportunities and to become the leading cross-brand provider of comprehensive mobility solutions in Europe in the long term.“

Business performance
The Allane Mobility Group's business performance in the first half of the year continued to be impacted by the ongoing COVID-19 pandemic and new car supply constraints resulting from the semiconductor shortage.

The contract portfolio in the Online Retail business field decreased by 3.5 per cent to 35,300 contracts (31 December 2021: 36,500 contracts) in the period from the end of December 2021 to the end of June 2022, while in the Fleet Leasing business field it decreased by 1.7 per cent to 32,700 contracts (31 December 2021: 33,300 contracts). In the Fleet Management business unit, the contract portfolio fell to 51,000 contracts, representing a decline of 13.5 per cent compared to the previous year (31 December 2021: 59,000). Overall, the Group’s contract portfolio in Germany and abroad (excluding franchise and cooperation partners) amounted to 119,000 contracts as of 30 June 2022, down 7.6 per cent compared to the previous year’s figure (31 December 2021: 128,800 contracts).

In the first half of 2022, consolidated revenue increased by 1.1 per cent to EUR 371.2 million (H1 2021: EUR 367.3 million) compared to the same period of the previous year. This development is mainly due to an increase in sales revenue as a result of continued high demand for used cars. Consolidated operating revenue, which does not include revenue from vehicle sales, fell by 0.4 per cent to EUR 193.3 million (H1 2021: EUR 194.2 million). The decline resulted in particular from the ongoing COVID-19 pandemic as well as the supply bottlenecks for new cars and the associated contract declines. Sales revenue from the sale of lease returns and the marketing of customer vehicles from Fleet Management increased by 2.8 per cent to EUR 177.9 million (H1 2021: EUR 173.1 million). The main reason for this was the further increase in unit prices as a result of the continuing high demand for used cars.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 3.0 per cent to EUR 92.9 million in the first half of 2022 (H1 2021: EUR 95.7 million). In contrast, earnings before taxes (EBT) increased significantly by 161.9 per cent to EUR 6.9 million (H1 2021: EUR 2.6 million). The operating return on revenue (EBT/consolidated operating revenue) therefore also improved substantially to 3.6 per cent (H1 2021: 1.4 per cent). The increase in EBT in the first half of the year is due in particular to lower depreciation on lease assets and an improvement in the financial result.

Outlook
The Allane Mobility Group confirms the forecast adjusted on 28 July 2022. According to this, the Company expects a Group contract portfolio in a range of 110,000 to 130,000 contracts (2021: 128,800 contracts) and a consolidated operating revenue of between EUR 350 million and EUR 400 million (2021: EUR 386.0 million) for the current 2022 financial year. For EBT, the Company expects a higher single-digit million euro amount (2021: EUR 6.1 million).

Reasons for this forecast are, in addition to the weaker than initially expected operating business development in the current financial year, the ongoing COVID-19 situation, the supply restrictions for new cars due to the semiconductor shortage and the potential impact of the Russia-Ukraine war on the automotive market. The Allane Mobility Group expects the market and business environment for new contracts and usage-based revenues to continue to be negatively impacted by the aforementioned factors.

The full half-year financial report as at 30 June 2022 is available for download on the Allane Mobility Group Investor Relations website.

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About Allane Mobility Group:

Allane Mobility Group based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets. With tailor-made solutions, the Company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Allane SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In financial year 2021, the Group generated consolidated revenue of EUR 740 million.

With around 92 per cent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.

www.allane-mobility-group.com

Contact:

Allane Mobility Group
Investor Relations
+49 89 7080 610
[email protected]