1. The document provides an overview of Localiza, a car rental company in Brazil, outlining its history, business divisions, financial performance, and competitive advantages.
2. Localiza's main business divisions are car rental, fleet rental, and used car sales. It has grown significantly since being founded in 1973 and now has a market capitalization of $3.7 billion.
3. Localiza has competitive advantages over competitors in raising money, buying cars, renting cars, and selling used cars due to its scale, brand recognition, and expertise in fleet management from over 40 years of experience in the industry.
This document provides an overview and agenda for a company earnings release for the first quarter of 2013. It includes sections on the company overview, main business divisions of car rental, fleet rental, and used car sales. It also discusses consolidated figures, debt and cash, and provides an appendix. Graphics and tables provide details on the financial performance and market share of the company's business divisions over time.
This document provides an overview and financial information for Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet outsourcing, and used car sales. It highlights Localiza's competitive advantages such as scale in purchasing cars which allows it to negotiate better prices, its large network of locations across Brazil including areas competitors do not operate, and its expertise in managing fleets and selling used cars. Charts and tables show the growth and financial performance of Localiza's divisions from 2006 to 2013.
This document provides an overview and financial information for Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet outsourcing, and used car sales. It highlights Localiza's competitive advantages such as scale in purchasing cars which allows it to negotiate better prices, its large network of locations across Brazil including areas competitors do not operate, and its expertise in managing fleets and selling used cars. Charts and tables show the growth and financial performance of Localiza's divisions from 2006 to 2013.
This document provides an agenda and overview of Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It outlines Localiza's competitive advantages such as its scale, brand recognition, and expertise in managing large fleets of vehicles. The document also reviews the growth drivers for the car rental market in Brazil and Localiza's leadership position within the industry.
This document provides an overview of Localiza Rent a Car S.A., including:
- The company's history and growth through phases of rising to #1 in Brazil, expansion, and reaching scale.
- Details on its integrated business platform and main divisions of car rental, fleet rental, and used car sales.
- Financial details on the rental cycles and profitability of each division.
- Competitive advantages through scale in purchasing cars, extensive network, experience managing fleets, and selling directly to consumers.
- Industry drivers like economic growth and trends in car rental distribution in Brazil.
The document provides an overview of Localiza Rent a Car S.A., a Brazilian car rental company. It discusses the company's history and growth, its integrated business platform consisting of car rental, fleet outsourcing, used car sales and franchising divisions, and the financial cycles and competitive advantages of each division. Key metrics on the company's revenues, fleet size, market share, and financial performance are presented. The document also reviews industry trends in car rental and fleet outsourcing in Brazil.
This presentation provides an overview of Localiza, a car rental company in Brazil. It discusses the company's history and growth, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It highlights the company's competitive advantages including its scale in purchasing cars, large network of locations, innovation, and expertise in managing assets and selling used cars. Financial information is presented on the profitability of each business division with car rental and fleet rental being the most profitable. The presentation concludes with an agenda covering the company overview, its main business divisions, and financials.
This presentation provides an overview of Localiza, a car rental company in Brazil. It discusses Localiza's history and growth, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It highlights the company's competitive advantages including scale in purchasing cars which enables better prices, large network of locations across Brazil, innovation through new technologies, and expertise in used car sales. Financial information shows the car rental and fleet rental divisions drive most of the company's profitability.
This document provides an overview and agenda for a company earnings release for the first quarter of 2013. It includes sections on the company overview, main business divisions of car rental, fleet rental, and used car sales. It also discusses consolidated figures, debt and cash, and provides an appendix. Graphics and tables provide details on the financial performance and market share of the company's business divisions over time.
This document provides an overview and financial information for Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet outsourcing, and used car sales. It highlights Localiza's competitive advantages such as scale in purchasing cars which allows it to negotiate better prices, its large network of locations across Brazil including areas competitors do not operate, and its expertise in managing fleets and selling used cars. Charts and tables show the growth and financial performance of Localiza's divisions from 2006 to 2013.
This document provides an overview and financial information for Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet outsourcing, and used car sales. It highlights Localiza's competitive advantages such as scale in purchasing cars which allows it to negotiate better prices, its large network of locations across Brazil including areas competitors do not operate, and its expertise in managing fleets and selling used cars. Charts and tables show the growth and financial performance of Localiza's divisions from 2006 to 2013.
This document provides an agenda and overview of Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It outlines Localiza's competitive advantages such as its scale, brand recognition, and expertise in managing large fleets of vehicles. The document also reviews the growth drivers for the car rental market in Brazil and Localiza's leadership position within the industry.
This document provides an overview of Localiza Rent a Car S.A., including:
- The company's history and growth through phases of rising to #1 in Brazil, expansion, and reaching scale.
- Details on its integrated business platform and main divisions of car rental, fleet rental, and used car sales.
- Financial details on the rental cycles and profitability of each division.
- Competitive advantages through scale in purchasing cars, extensive network, experience managing fleets, and selling directly to consumers.
- Industry drivers like economic growth and trends in car rental distribution in Brazil.
The document provides an overview of Localiza Rent a Car S.A., a Brazilian car rental company. It discusses the company's history and growth, its integrated business platform consisting of car rental, fleet outsourcing, used car sales and franchising divisions, and the financial cycles and competitive advantages of each division. Key metrics on the company's revenues, fleet size, market share, and financial performance are presented. The document also reviews industry trends in car rental and fleet outsourcing in Brazil.
This presentation provides an overview of Localiza, a car rental company in Brazil. It discusses the company's history and growth, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It highlights the company's competitive advantages including its scale in purchasing cars, large network of locations, innovation, and expertise in managing assets and selling used cars. Financial information is presented on the profitability of each business division with car rental and fleet rental being the most profitable. The presentation concludes with an agenda covering the company overview, its main business divisions, and financials.
This presentation provides an overview of Localiza, a car rental company in Brazil. It discusses Localiza's history and growth, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It highlights the company's competitive advantages including scale in purchasing cars which enables better prices, large network of locations across Brazil, innovation through new technologies, and expertise in used car sales. Financial information shows the car rental and fleet rental divisions drive most of the company's profitability.
Localiza Rent a Car S.A. is a Brazilian car rental company that was founded in 1973. It has since grown to become the largest car rental company in Brazil. The presentation provides an overview of Localiza's business divisions, including car rental, fleet rental, and used car sales ("Seminovos"). It discusses Localiza's competitive advantages in raising money, buying cars, renting cars, and selling cars. Financial information is presented on the profitability and returns generated by each business division.
Localiza Rent a Car S.A. provides an institutional presentation covering their business divisions and financial information. The presentation includes:
1) An overview of the company including key milestones and an integrated business platform across car rental, fleet outsourcing, and used car sales.
2) Details on the main business divisions including operating data and fleet composition for car rental, fleet outsourcing, and used car sales.
3) Consolidated financial information and industry data on the car rental and fleet outsourcing sectors in Brazil.
The summary provides a high-level view of the key sections and information covered in Localiza's institutional presentation.
This document provides an overview of Localiza Rent a Car S.A., including:
1. Localiza has grown significantly since its founding in 1973, becoming the Brazilian car rental leader through acquisitions and expansion into adjacent businesses like fleet rental and used car sales.
2. The company has an integrated business platform across its four divisions that provides synergies and flexibility.
3. Localiza has several competitive advantages, including scale in purchasing cars that allows it to negotiate better prices, a large network of locations across Brazil, and expertise in managing assets over the rental lifecycle.
2.5
1.9
1.4
1.3
1.2
1.1
Brazil
4.4
Mexico
6.3
Argentina
7.5
Chile
5.6
Colombia
6.1
Peru
7.9
Used car penetration (2012)
USA
Germany
United Kingdon
France
Japan
South Kor
Brazil
Mexico
Argentina
Chile
Colombia
Peru
45%
40%
35%
30%
25%
20%
15%
10%
5
Localiza Rent a Car S.A. is a Brazilian car rental company that was founded in 1973. It has since grown to become the largest car rental company in Brazil. The presentation provides an overview of Localiza's business divisions including car rental, fleet rental, and used car sales. It discusses the company's financial performance and competitive advantages in raising capital, purchasing vehicles, renting cars, and selling used vehicles. Localiza has an integrated business model that provides synergies across its divisions.
This presentation provides an overview of a car rental company, including:
1. The company has grown to become the largest car rental company in Brazil through acquisitions and expansion strategies since being founded in 1973.
2. It operates four main divisions: car rental, fleet rental, used car sales, and franchising.
3. The financials show the car rental and fleet rental divisions are the most profitable parts of the business due to synergies across the integrated platform and expertise in managing assets.
This presentation provides an overview of Localiza, a car rental company based in Brazil. It discusses Localiza's history and growth, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It highlights the company's competitive advantages including scale in purchasing cars, large network of locations, innovation, and expertise in managing assets and used car sales. Financial information is presented on the car rental and fleet rental divisions showing their profitability and returns above Localiza's cost of debt. The Brazilian car rental and fleet rental market is also summarized, noting the fragmented nature of off-airport locations and low penetration of fleet rentals as drivers of future growth opportunities.
Localiza is a Brazilian car rental company with over 40 years of experience in managing vehicle fleets. It operates in three main divisions: car rental, fleet rental, and used car sales. Localiza has a large scale of operations in Brazil, with competitive advantages in raising capital, purchasing vehicles, and renting cars. It is the market leader in both car and fleet rental. Profitability comes primarily from the rental divisions due to financial cycles that provide positive spreads between revenues and costs. Localiza also benefits from selling used rental vehicles directly to consumers.
Localiza is a Brazilian car rental company with over 40 years of experience in managing vehicle fleets. It operates in three main divisions: car rental, fleet rental, and used car sales. Localiza has a large scale of operations in Brazil, with competitive advantages in raising capital, purchasing vehicles, and renting cars. It has a profitable business model in each division and maintains healthy profitability levels and debt ratios compared to competitors. Localiza's integrated business platform allows it flexibility and superior financial performance.
This document provides an overview of a car rental company with three main divisions: car rental, fleet rental, and used car sales (Seminovos). It discusses the company's history and expansion, integrated business platform and synergies, financial performance of each division, and competitive advantages. The company has a large scale national presence in Brazil, investment grade ratings, and benefits from being the largest car purchaser in the country. It has a profitable business model focused on car rental and fleet rental.
This document provides an overview of a car rental company. It discusses the company's history and milestones, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It reviews the financial cycles and profitability of the car rental and fleet rental divisions. The presentation also outlines the company's competitive advantages in raising money through its investment grade credit ratings, large purchase volumes for obtaining better car prices, innovation in services, and expertise in used car sales. In conclusion, it discusses the company's commitment to shareholder value creation through maintaining return on invested capital above its cost of debt.
Localiza Rent a Car S.A. is a Brazilian car rental company that has grown to become the largest in Brazil over 41 years. It operates in three main divisions: car rental, fleet rental, and used car sales. Car rental makes up the majority of revenues and profits by renting vehicles to individuals and businesses. Fleet rental provides customized fleets for longer term contracts. Used car sales supports the other divisions by reselling vehicles. Localiza has competitive advantages over peers in raising capital at lower costs, bulk purchasing of vehicles, extensive distribution network, and expertise in fleet management that together have allowed it to significantly outperform market and GDP growth.
Localiza is the 25th most valuable brand in Brazil. The presentation provides an overview of Localiza's integrated business platform, which includes car rental, fleet rental, used car sales, and franchising divisions. It discusses Localiza's competitive advantages such as its scale in purchasing cars, network of branches across Brazil, innovation in services, and high client satisfaction ratings. Financial information shows that Localiza has higher profitability measures like return on invested capital compared to its competitors, supported by its diversified business model.
This document provides an overview of Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to negotiate better prices. It also notes Localiza's network reach and innovations that enhance customer service. Financial information shows Localiza has higher profitability and lower debt ratios than competitors. The car rental market in Brazil is seen as having growth opportunities due to increasing affordability and infrastructure investments.
Localiza Rent a Car S.A. is a car rental company operating in Brazil and South America since 1973. It has three main business divisions: car rental, fleet rental, and used car sales (Seminovos). The document provides an overview of each division and their financial cycles. It also outlines Localiza's competitive advantages in raising money, buying cars, renting cars, and selling cars. Localiza has the largest market share in both the car rental and fleet rental markets in Brazil. Financial metrics show Localiza has higher profitability and lower debt ratios than its competitors.
This presentation provides an overview of Localiza, a Brazilian car rental company. It discusses the company's history and milestones, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions, competitive advantages in raising money, buying cars, renting cars, innovation, and selling used cars. Financial information is presented on the car rental and fleet rental divisions. The presentation also reviews market drivers, locations, and Localiza's leading market share positions in both the car rental and fleet rental markets in Brazil.
Localiza is a car rental company based in Brazil that has grown to become the largest car rental company in the country. The presentation provides an overview of Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to obtain better prices, its large network of locations across Brazil, and its innovations in technology. The financials section shows that Localiza has consistently achieved higher profitability measures like return on invested capital compared to its competitors due to its integrated business model.
This document provides an overview of Localiza Rent a Car S.A., a leading car rental company in Brazil. It discusses the company's history and growth since 1973, its integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. The financial performance of the car rental and fleet rental divisions are presented, showing they are the main drivers of profitability. Key competitive advantages for Localiza are also outlined, including its scale in raising capital, purchasing cars, nationwide network, innovation, customer satisfaction, and profitability metrics.
This document provides an overview of Localiza Rent a Car S.A., including:
1. The company has three main business divisions: car rental, fleet rental, and used car sales (Seminovos).
2. Localiza has grown significantly since its founding in 1973, becoming the largest car rental company in Brazil through acquisitions and strategic expansion.
3. The company has a large integrated business platform that provides synergies across its divisions and competitive advantages over peers in areas like purchasing power and brand recognition.
The document outlines 6 key elements of vehicle fleet management: 1) tyre details, 2) workshop repair, 3) engine repair, 4) vehicle equipment list, 5) issued parts, and 6) fuel consumption and travel details. It discusses using these elements to track vehicle location, manage vehicle documents, monitor operating data to plan maintenance, optimize vehicle booking, and reduce manual processing through automation. The overall goal is to help fleets run at optimal performance with zero downtime.
Sistem manajemen armada memberikan solusi untuk mengelola armada kendaraan secara real-time, meliputi pemantauan lokasi, status, dan konsumsi bahan bakar serta melaporkan utilisasi, pemeliharaan, dan kecelakaan guna meningkatkan efisiensi dan mengurangi biaya operasional.
Fleet management involves optimally planning, supervising, and controlling fleet operations using available resources and information systems. It has various applications like vehicle tracking, health and safety monitoring, and route planning. Route planning arranges transport orders into vehicle tours using methods like the traveling salesman problem (TSP), vehicle routing problem (VRP), and pickup and delivery problem (PDP). GPS tracking uses satellites to track vehicle positions for fleet management. It provides advantages like improved efficiency, reduced costs, and transport transparency.
Localiza Rent a Car S.A. is a Brazilian car rental company that was founded in 1973. It has since grown to become the largest car rental company in Brazil. The presentation provides an overview of Localiza's business divisions, including car rental, fleet rental, and used car sales ("Seminovos"). It discusses Localiza's competitive advantages in raising money, buying cars, renting cars, and selling cars. Financial information is presented on the profitability and returns generated by each business division.
Localiza Rent a Car S.A. provides an institutional presentation covering their business divisions and financial information. The presentation includes:
1) An overview of the company including key milestones and an integrated business platform across car rental, fleet outsourcing, and used car sales.
2) Details on the main business divisions including operating data and fleet composition for car rental, fleet outsourcing, and used car sales.
3) Consolidated financial information and industry data on the car rental and fleet outsourcing sectors in Brazil.
The summary provides a high-level view of the key sections and information covered in Localiza's institutional presentation.
This document provides an overview of Localiza Rent a Car S.A., including:
1. Localiza has grown significantly since its founding in 1973, becoming the Brazilian car rental leader through acquisitions and expansion into adjacent businesses like fleet rental and used car sales.
2. The company has an integrated business platform across its four divisions that provides synergies and flexibility.
3. Localiza has several competitive advantages, including scale in purchasing cars that allows it to negotiate better prices, a large network of locations across Brazil, and expertise in managing assets over the rental lifecycle.
2.5
1.9
1.4
1.3
1.2
1.1
Brazil
4.4
Mexico
6.3
Argentina
7.5
Chile
5.6
Colombia
6.1
Peru
7.9
Used car penetration (2012)
USA
Germany
United Kingdon
France
Japan
South Kor
Brazil
Mexico
Argentina
Chile
Colombia
Peru
45%
40%
35%
30%
25%
20%
15%
10%
5
Localiza Rent a Car S.A. is a Brazilian car rental company that was founded in 1973. It has since grown to become the largest car rental company in Brazil. The presentation provides an overview of Localiza's business divisions including car rental, fleet rental, and used car sales. It discusses the company's financial performance and competitive advantages in raising capital, purchasing vehicles, renting cars, and selling used vehicles. Localiza has an integrated business model that provides synergies across its divisions.
This presentation provides an overview of a car rental company, including:
1. The company has grown to become the largest car rental company in Brazil through acquisitions and expansion strategies since being founded in 1973.
2. It operates four main divisions: car rental, fleet rental, used car sales, and franchising.
3. The financials show the car rental and fleet rental divisions are the most profitable parts of the business due to synergies across the integrated platform and expertise in managing assets.
This presentation provides an overview of Localiza, a car rental company based in Brazil. It discusses Localiza's history and growth, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It highlights the company's competitive advantages including scale in purchasing cars, large network of locations, innovation, and expertise in managing assets and used car sales. Financial information is presented on the car rental and fleet rental divisions showing their profitability and returns above Localiza's cost of debt. The Brazilian car rental and fleet rental market is also summarized, noting the fragmented nature of off-airport locations and low penetration of fleet rentals as drivers of future growth opportunities.
Localiza is a Brazilian car rental company with over 40 years of experience in managing vehicle fleets. It operates in three main divisions: car rental, fleet rental, and used car sales. Localiza has a large scale of operations in Brazil, with competitive advantages in raising capital, purchasing vehicles, and renting cars. It is the market leader in both car and fleet rental. Profitability comes primarily from the rental divisions due to financial cycles that provide positive spreads between revenues and costs. Localiza also benefits from selling used rental vehicles directly to consumers.
Localiza is a Brazilian car rental company with over 40 years of experience in managing vehicle fleets. It operates in three main divisions: car rental, fleet rental, and used car sales. Localiza has a large scale of operations in Brazil, with competitive advantages in raising capital, purchasing vehicles, and renting cars. It has a profitable business model in each division and maintains healthy profitability levels and debt ratios compared to competitors. Localiza's integrated business platform allows it flexibility and superior financial performance.
This document provides an overview of a car rental company with three main divisions: car rental, fleet rental, and used car sales (Seminovos). It discusses the company's history and expansion, integrated business platform and synergies, financial performance of each division, and competitive advantages. The company has a large scale national presence in Brazil, investment grade ratings, and benefits from being the largest car purchaser in the country. It has a profitable business model focused on car rental and fleet rental.
This document provides an overview of a car rental company. It discusses the company's history and milestones, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It reviews the financial cycles and profitability of the car rental and fleet rental divisions. The presentation also outlines the company's competitive advantages in raising money through its investment grade credit ratings, large purchase volumes for obtaining better car prices, innovation in services, and expertise in used car sales. In conclusion, it discusses the company's commitment to shareholder value creation through maintaining return on invested capital above its cost of debt.
Localiza Rent a Car S.A. is a Brazilian car rental company that has grown to become the largest in Brazil over 41 years. It operates in three main divisions: car rental, fleet rental, and used car sales. Car rental makes up the majority of revenues and profits by renting vehicles to individuals and businesses. Fleet rental provides customized fleets for longer term contracts. Used car sales supports the other divisions by reselling vehicles. Localiza has competitive advantages over peers in raising capital at lower costs, bulk purchasing of vehicles, extensive distribution network, and expertise in fleet management that together have allowed it to significantly outperform market and GDP growth.
Localiza is the 25th most valuable brand in Brazil. The presentation provides an overview of Localiza's integrated business platform, which includes car rental, fleet rental, used car sales, and franchising divisions. It discusses Localiza's competitive advantages such as its scale in purchasing cars, network of branches across Brazil, innovation in services, and high client satisfaction ratings. Financial information shows that Localiza has higher profitability measures like return on invested capital compared to its competitors, supported by its diversified business model.
This document provides an overview of Localiza, a car rental company in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to negotiate better prices. It also notes Localiza's network reach and innovations that enhance customer service. Financial information shows Localiza has higher profitability and lower debt ratios than competitors. The car rental market in Brazil is seen as having growth opportunities due to increasing affordability and infrastructure investments.
Localiza Rent a Car S.A. is a car rental company operating in Brazil and South America since 1973. It has three main business divisions: car rental, fleet rental, and used car sales (Seminovos). The document provides an overview of each division and their financial cycles. It also outlines Localiza's competitive advantages in raising money, buying cars, renting cars, and selling cars. Localiza has the largest market share in both the car rental and fleet rental markets in Brazil. Financial metrics show Localiza has higher profitability and lower debt ratios than its competitors.
This presentation provides an overview of Localiza, a Brazilian car rental company. It discusses the company's history and milestones, integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions, competitive advantages in raising money, buying cars, renting cars, innovation, and selling used cars. Financial information is presented on the car rental and fleet rental divisions. The presentation also reviews market drivers, locations, and Localiza's leading market share positions in both the car rental and fleet rental markets in Brazil.
Localiza is a car rental company based in Brazil that has grown to become the largest car rental company in the country. The presentation provides an overview of Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its scale in purchasing cars which allows it to obtain better prices, its large network of locations across Brazil, and its innovations in technology. The financials section shows that Localiza has consistently achieved higher profitability measures like return on invested capital compared to its competitors due to its integrated business model.
This document provides an overview of Localiza Rent a Car S.A., a leading car rental company in Brazil. It discusses the company's history and growth since 1973, its integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. The financial performance of the car rental and fleet rental divisions are presented, showing they are the main drivers of profitability. Key competitive advantages for Localiza are also outlined, including its scale in raising capital, purchasing cars, nationwide network, innovation, customer satisfaction, and profitability metrics.
This document provides an overview of Localiza Rent a Car S.A., including:
1. The company has three main business divisions: car rental, fleet rental, and used car sales (Seminovos).
2. Localiza has grown significantly since its founding in 1973, becoming the largest car rental company in Brazil through acquisitions and strategic expansion.
3. The company has a large integrated business platform that provides synergies across its divisions and competitive advantages over peers in areas like purchasing power and brand recognition.
The document outlines 6 key elements of vehicle fleet management: 1) tyre details, 2) workshop repair, 3) engine repair, 4) vehicle equipment list, 5) issued parts, and 6) fuel consumption and travel details. It discusses using these elements to track vehicle location, manage vehicle documents, monitor operating data to plan maintenance, optimize vehicle booking, and reduce manual processing through automation. The overall goal is to help fleets run at optimal performance with zero downtime.
Sistem manajemen armada memberikan solusi untuk mengelola armada kendaraan secara real-time, meliputi pemantauan lokasi, status, dan konsumsi bahan bakar serta melaporkan utilisasi, pemeliharaan, dan kecelakaan guna meningkatkan efisiensi dan mengurangi biaya operasional.
Fleet management involves optimally planning, supervising, and controlling fleet operations using available resources and information systems. It has various applications like vehicle tracking, health and safety monitoring, and route planning. Route planning arranges transport orders into vehicle tours using methods like the traveling salesman problem (TSP), vehicle routing problem (VRP), and pickup and delivery problem (PDP). GPS tracking uses satellites to track vehicle positions for fleet management. It provides advantages like improved efficiency, reduced costs, and transport transparency.
WebXpress Fleet Management System.
WebXpress is an IT and Solutions company that offers services in the domain of Logistics.
Founded in 2004 the company has a presence in India, Saudi Arabia, East Africa, and South Asia.
Our idea is to connect all stakeholders in supply chain and provide visibility.
To properly manage fleet costs, understanding total cost of ownership (TCO) is important. TCO includes factors like vehicle assets, maintenance, and fuel. The document discusses how optimizing vehicle holding periods, aligning maintenance programs with holding periods, and determining the right fuel strategy can impact TCO and operations. It also explains that measuring TCO against operational activity is a key metric for establishing a baseline for fleet efficiency and costs.
This document outlines 9 reasons why outsourcing print fleet management is popular. It discusses how outsourcing can reduce costs by an average of 42% while freeing up internal resources. Outsourcing provides strategic partners with expertise to continually optimize infrastructure, support remote workforces, and help focus on core business needs rather than printers. The best results are achieved through collaboration between an organization and its outsourced print management provider.
This document provides an overview of a car rental company with three main divisions: car rental, fleet rental, and used car sales (Seminovos). It discusses the company's history and expansion, integrated business platform and synergies across divisions. Financial details are given for each division showing profitability comes mainly from car and fleet rental. The company has competitive advantages in raising capital, purchasing vehicles, nationwide presence, and innovation. It has higher profitability and lower debt ratios than competitors.
Localiza is a Brazilian car rental company that was founded in 1973. It has since grown to become the largest car rental company in Brazil, with a market share of over 20%. The presentation provides an overview of Localiza's main business divisions - car rental, fleet rental, and used car sales (Seminovos). It highlights Localiza's competitive advantages in raising capital, purchasing vehicles, renting vehicles, and selling used cars. Localiza has consistently achieved higher profitability than its competitors, as demonstrated by its return on invested capital and debt ratios. The presentation also outlines the growth opportunities in the car rental market in Brazil.
Localiza is a Brazilian car rental company founded in 1973. It has since grown to become the largest car rental company in Brazil through a strategy of expansion into adjacent businesses. It operates four main divisions: car rental, fleet rental, used car sales, and franchising. The presentation provides an overview of each division and highlights Localiza's competitive advantages in raising capital, purchasing vehicles, renting vehicles, and selling used vehicles. It also reviews the company's financial performance and profitability metrics compared to its main competitors in Brazil.
This document provides an overview of Localiza Rent a Car S.A., including:
1. The company has three main business divisions: car rental, fleet rental, and used car sales (Seminovos).
2. Localiza has grown significantly since its founding in 1973, becoming the largest car rental company in Brazil through acquisitions and strategic expansion.
3. The company has a large integrated business platform that provides synergies across its divisions and competitive advantages over peers in areas like purchasing power and brand recognition.
This document provides an overview of Localiza Rent a Car S.A., including:
1. The company has three main business divisions: car rental, fleet rental, and used car sales (Seminovos).
2. Localiza has grown significantly since its founding in 1973, becoming the largest car rental company in Brazil through acquisitions and strategic expansion.
3. The company has a large integrated business platform that provides synergies across its divisions and competitive advantages over peers in areas like purchasing power and brand recognition.
The document provides an overview of Localiza Rent a Car S.A., a Brazilian car rental company. It discusses the company's history and expansion since 1973, its integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions, and key financial metrics for each division. The document also reviews the Brazilian car rental market landscape, Localiza's competitive advantages in raising money, buying cars, renting cars, and selling used cars. In addition, it discusses the car rental industry trends, Localiza's market share and distribution network in Brazil.
This document provides an overview of Localiza Rent a Car S.A., a car rental company based in Brazil. It discusses the company's history and growth, business divisions including car rental, fleet rental, and used car sales. It provides financial details on the profitability and cycles of each division. The document also analyzes Localiza's competitive advantages such as scale, brand recognition, and distribution network. It includes charts showing market share and performance metrics comparing Localiza to competitors.
Localiza is a Brazilian car rental company with three main business divisions: car rental, fleet rental, and used car sales (Seminovos). It has grown organically and through acquisitions since 1973 to become the largest car rental company in Brazil with over 13,000 vehicles. Localiza benefits from scale advantages in purchasing fleet vehicles and an integrated business platform allowing synergies across divisions. Financial results are driven by car rental and fleet rental with high returns on capital and spreads above cost of debt.
Localiza is an integrated car rental and used car sales company in Brazil with competitive advantages in managing assets. It has a stable management team and succession plan. Localiza raises money at lower costs than competitors due to its investment grade credit ratings. Strong macroeconomic drivers such as GDP growth, infrastructure investments, and rising incomes are fueling demand for both car rentals and used car sales. Localiza is pursuing growth through network expansion organically and by opening new sales points.
This document provides an overview of Localiza Rent a Car S.A., a leading car rental company in Brazil. It discusses the company's history and growth since 1973, its integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions. It then reviews the financial performance and profitability of the car rental and fleet rental divisions. Key competitive advantages that have driven Localiza's success are its scale in purchasing cars, large network of rental locations, innovation, customer satisfaction, and ability to generate higher returns than its cost of debt.
This document provides an overview of Localiza, a Brazilian car rental company. It discusses Localiza's business divisions including car rental, fleet outsourcing, and used car sales. It highlights Localiza's integrated business platform and competitive advantages such as its scale in purchasing cars, expertise in fleet management from 40 years of experience, and ability to sell most used cars directly to consumers. The document also reviews the Brazilian car rental industry and Localiza's leadership position within it.
The document provides an overview of Localiza, the 25th most valuable brand in Brazil. It summarizes the company's history since 1973, outlines its main business divisions of car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as scale in vehicle purchases, brand recognition, and innovation which allow it to raise funds at better rates and maintain high customer satisfaction. Financial information shows Localiza has leading profitability metrics like ROIC compared to competitors, demonstrating strong performance.
Localiza Rent a Car S.A. is a Brazilian car rental company that was founded in 1973. It has since grown to become the largest car rental company in Brazil. The presentation discusses Localiza's business divisions, which include car rental, fleet rental, and used car sales ("Seminovos"). It provides an overview of each division and highlights Localiza's competitive advantages, such as its scale, brand recognition, and expertise in managing assets and generating value. Financial information is presented showing Localiza's profitability, return on invested capital, and debt ratios compared to its competitors.
Localiza is a Brazilian company that operates in the car rental, fleet outsourcing, and used car sales industries. It has grown to become the largest company in these sectors in Brazil through an integrated business model and over 40 years of experience managing vehicle fleets. The presentation provides an overview of Localiza's business divisions and growth strategy, and highlights its competitive advantages in areas like purchasing large numbers of vehicles, nationwide operations, and selling most used vehicles directly to consumers.
Similar to Localiza institucional eng versao final (14)
Localiza is a Brazilian car rental company founded in 1973. It has grown to become the market leader through strategic acquisitions and expanding into new business divisions over time, including fleet rental, used car sales, and franchising. It has an integrated business platform with synergies across divisions. Localiza has several competitive advantages including its scale in purchasing cars, brand recognition, distribution network, and operational excellence. It aims to continue its strategy of innovation and providing higher value services to customers.
✓ Apresentação institucional de uma das principais locadoras de veículos do Brasil com valor de mercado de R$15,8 bilhões em 30/06/18
✓ Divisões de negócios incluem aluguel de carros, gestão de frotas, seminovos e franquias, com destaque para as divisões de aluguel e gestão de frotas
✓ Vantagens competitivas incluem liderança no mercado, aquisição de veículos em maior volume e melhores condições, e plataforma integrada de neg
Localiza is a Brazilian car rental company that presented at an investor relations presentation in July 2018. The presentation included sections on the company overview, main business divisions, financials, and appendix. Localiza operates in car rental, franchising, fleet rental, and used car sales. It has a market cap of US$4.1 billion and an integrated business platform that provides flexibility and superior performance. Localiza has competitive advantages through its scale in purchasing cars, market leadership in renting cars, and efficiency in selling used cars.
O documento fornece uma visão geral da Localiza, líder de mercado no setor de aluguel de veículos com valor de mercado de R$15,8 bilhões em 30/06/18. Apresenta os principais números da companhia, como uma frota de 208.552 veículos no 2T18, e R$3,6 bilhões em receita líquida no 1S18. Detalha também as vantagens competitivas da Localiza, como maior volume de compra de veículos que permite melhores condições de aquisição, e ampla presença
Localiza is a Brazilian car rental company that held an investor relations presentation in July 2018. The presentation included sections on the company overview, main business divisions, financials, and appendix. Localiza has grown significantly since being founded in 1973, currently has a market capitalization of $4.1 billion, and operates across multiple business divisions including car rental, fleet rental, used car sales, and franchising. The integrated business platform provides synergies and flexibility. Financial results show strong profitability, with the car rental and fleet rental divisions contributing most of the earnings. Localiza has several competitive advantages including scale, brand recognition, an efficient used car sales program, and innovation.
O documento fornece uma visão geral da Localiza, líder de mercado no setor de aluguel de veículos com valor de mercado de R$15,8 bilhões em 30/06/18. Apresenta os principais números da companhia, como uma frota de 208.552 veículos no 2T18, e R$3,6 bilhões em receita líquida no 1S18. Detalha também as vantagens competitivas da Localiza, como maior volume de compra de veículos que permite melhores condições, e liderança no aluguel de
- The company exceeded 200,000 vehicles in its fleet for the first time at the end of 2Q18, with 208,552 vehicles. Car rental and fleet rental volumes grew 47.9% and 21.4% respectively in 2Q18.
- Consolidated net revenues increased 29.3% in 2Q18. Excluding the impacts of a truck drivers' strike and payroll, EBITDA would have grown approximately 30% and net income 32% compared to 2Q17.
- The end of period fleet grew strongly, with a 45% increase in car rental vehicles and the company surpassing 200,000 total vehicles for the first time.
1) A empresa superou a marca de 200 mil carros na plataforma no 2T18, com crescimento de 47,9% no aluguel de carros e 21,4% na gestão de frotas.
2) O EBITDA consolidado foi de R$347,6 milhões no 2T18, um crescimento de 16,4% em relação ao ano anterior, apesar dos impactos da greve de caminhoneiros.
3) A receita líquida consolidada cresceu 29,3% no 2T18, totalizando R$1,74 bil
The document reports on Localiza's performance in the first quarter of 2018. It shows that Localiza increased its market share in the car rental market to 52.2% and maintained its market share in the fleet rental market. Localiza's key operating metrics like number of cars sold, rental days, and fleet size all grew compared to the first quarter of 2017. The company experienced strong revenue, income, and cash flow growth. Consolidated revenues grew 36.1% and EBITDA grew 33.8% compared to the first quarter of 2017.
O documento apresenta os resultados financeiros e operacionais da Localiza no 1T18. A Localiza teve forte crescimento no período, com aumento de 38% na receita líquida e 46,3% no lucro líquido em comparação com o mesmo período do ano anterior. A participação de mercado da Localiza no mercado de aluguel de carros foi de 52,2%, mantendo a liderança no setor.
Localiza is a Brazilian car rental company founded in 1973. It has since expanded into several business divisions including car rental, fleet rental, used car sales, and franchising. The presentation provides an overview of Localiza's history, competitive advantages, financial performance, and each of its main business divisions. Localiza has achieved significant growth and scale, with a market capitalization of over $5 billion as of March 2018. Its integrated business platform and 44 years of experience in fleet management have allowed it to generate higher returns than its cost of debt.
1) A Localiza é líder de mercado no aluguel de carros e gestão de frotas no Brasil, com valor de mercado de R$18,6 bilhões em abril de 2018.
2) A empresa tem vantagens competitivas como maior escala de operação, reconhecimento da marca, tecnologia e excelência operacional.
3) As divisões de aluguel de carros e gestão de frotas são as mais rentáveis e geram caixa para renovar a frota e pagar dívidas.
This document provides an overview of Localiza, a Brazilian car rental company. It discusses Localiza's business divisions including car rental, fleet rental, used car sales, and franchising. It highlights Localiza's competitive advantages such as its integrated business platform, leadership in car purchasing which allows better conditions, largest distribution network in Brazil, and innovation in digital technologies. Financial information is presented showing Localiza's profitability comes primarily from its car rental and fleet rental divisions. [/SUMMARY]
1. Apresenta visão geral da Localiza, sua história, principais divisões de negócios e dados financeiros do 1T18.
2. Destaca as vantagens competitivas da Localiza, incluindo captação de recursos em melhores condições, maior volume de compra de carros e liderança no aluguel de carros.
3. Explica o ciclo financeiro do aluguel de carros, onde a receita da venda dos carros no final do ciclo de um ano compensa os custos fixos e variáveis.
1) A Localiza é líder no mercado brasileiro de aluguel de carros com valor de mercado de R$18,6 bilhões e frota de 193.260 carros no 1T18.
2) Sua principal fonte de receita e lucratividade está nas divisões de aluguel de carros e gestão de frotas.
3) As vantagens competitivas incluem maior escala de operação, reconhecimento da marca, excelência operacional e inovação tecnológica.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become a market leader through strategic acquisitions and expanding into adjacent business areas like used car sales, fleet rental, and franchising. The presentation reviews Localiza's business divisions and competitive advantages, including its integrated business platform, scale in purchasing cars, brand recognition, and focus on innovation. Financial information for the first quarter of 2018 shows the company's profitability comes mainly from car rental and fleet rental.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become the market leader through strategic acquisitions and expanding into adjacent business lines like fleet rental, used car sales, and franchising. The presentation reviews Localiza's history, integrated business platform, financial performance, and competitive advantages. It achieves higher profitability than peers through scale benefits, lower funding costs, and operational efficiencies across its business divisions.
O documento apresenta a Localiza, líder no mercado brasileiro de aluguel de carros. Resume suas principais divisões de negócios, dados financeiros de 2017 e vantagens competitivas, como escala de operações, marca reconhecida e excelência operacional. A Localiza tem foco em geração de valor para acionistas com rentabilidade consistente e retorno sobre capital investido acima do custo da dívida.
O documento apresenta a Localiza, líder no mercado brasileiro de aluguel de carros. Resume suas principais divisões de negócios, vantagens competitivas e desempenho financeiro, destacando o aluguel de carros e gestão de frotas como suas divisões mais rentáveis.
- The company reported strong growth in 2017 with net revenue reaching R$6.1 billion, a 36.5% increase. Fleet size ended at 194,279 cars.
- Net income increased 37.6% to R$563.4 million. The company acquired Hertz operations in Brazil and integrated them.
- Car rental segment saw 48.2% volume growth in 4Q17 and net revenue growth of 35.4% for the year. Fleet rental also experienced solid gains.
- The company invested heavily in fleet expansion, adding over 52,000 cars. Free cash flow before growth spending was R$871.8 million.
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2. 2
1. Company overview
2. Main business divisions
Car rental
Fleet rental (fleet outsourcing)
Seminovos
3. Consolidated
4. Debt and cash
5. Appendix
Earnings release 1Q13
Agenda
3. 3
Company: milestones
Phase I – Rise to #1
1973 – Founded in Belo Horizonte/MG
Late 70’s - Acquisitions in the
Northeast of Brazil
1981 – Brazilian car rental leader in #
of branches
Phase II – Expansion
1984 – Expansion strategy by
adjacencies: Franchising
1991 – Expansion strategy by
adjacencies: Seminovos
1997 – PE firm DL&J enters at a market
cap of US$ 150 mm
1997 – Expansion strategy by
adjacencies: Fleet rental (fleet
outsourcing)
Phase III – Reaching Scale
2005 – IPO: market cap of US$ 295 mm
2011 – Rated as investment grade by
Moody’s, Fitch and S&P in 2012
2012 – ADR level I
04/30/2013 – Market cap of US$3.7 bi
with ADTV of R$42.8 million
1973 1982 1983 2004 2005 2013
4. 4
Company: integrated business platform
This integrated business platform gives Localiza flexibility and superior performance.
Based on the 1Q13
Synergies:
bargaining power
cost reduction
cross selling
15,103 cars
200 locations in Brazil
55 locations in South
America
41 employees
61.3% sold to final
consumer
74 stores
1,015 employees
64,043 cars
3.5 million clients
278 locations
4,448 employees
32,212 cars
741 clients
358 employees
5. 5
Company: Business platform divisions
Car rental
Localiza car rental rents to
individuals or businesses
at airports and other
locations.
The traditional backbone of
Localiza. With its giant fleet
that gets renewed annually,
it lays the foundation for all
scale effects captured by
the group as a whole.
Fleet rental
(fleet outsourcing)
Total Fleet, offering
customized fleet for 2-3
years terms.
Total Fleet is seen as an
additional business that
generates value by
leveraging synergies
created by the integrated
platform approach.
Used car sales
Support area, with the
objective to sell the
Company’s used cars and
add know-how in buying
cars and estimating the
residual value.
As a support business
activity, Seminovos enables
the sell roughly 70% of
used cars directly to the
final customer, thereby
maximizing the residual
value of used rental cars.
Franchising
Supplementary business,
with the purpose to expand
the brand’s network.
Franchising is seen as a
primarily strategic business
by management – the
revenues generated are
low, however brand and
network expand at
minimum capital
expenditure.
6. 6
R$28.4
Car acquisition
Net car sale
revenue
R$24.41 year cycle
2012 - Car Rental Financial Cycle
R$26.4
without IPI (7%)
1 2 3 4 5 6 7 8 9 10 11 12Expenses, interest and tax
Revenue
(*) Excluding additional depreciation effect related to IPI reduction
(**) ROIC over the car acquisition cost without IPI: 18.7%
Spread
11.1p.p.
Total
1 year
R$ % R$ % R$
Net revenues 20.4 100.0% 27.1 100.0% 47.5
Costs (8.9) -43.6% (8.9)
SG&A (3.2) -15.6% (2.7) -10.0% (5.9)
Net car sale revenue 24.4 90.0% 24.4
Book value of car sale (23.2) -85.5% (23.2)
EBITDA 8.3 40.9% 1.2 4.5% 9.6
Depreciation (vehicle) (1.9) (*) -7.0% (1.9)
Depreciation (non-vehicle) (0.4) -1.8% (0.2) -0.9% (0.6)
Interest on debt (1.7) -6.4% (1.7)
Tax (2.4) -11.7% 0.8 2.9% (1.6)
NET INCOME 5.6 27.3% (1.9) -6.9% 3.7
NOPAT 4.9
ROIC (**) 17.4%
Cost of debt (average CDI + 1.19%) after tax 6.3%
per operating car per operating car2012
Car Rental Seminovos
7. 7
R$36.1
Car acquisition
Net car sale
revenue
R$23.22 year cycle
2012 - Fleet Rental (Fleet Outsourcing) Financial Cycle
Spread
8.7p.p.
R$33.6
without IPI (7%)
1 2 3 4 5 6 19 20 21 22 23 24Expenses, interest and tax
Revenue
(*) Excluding additional depreciation effect related to IPI reduction
(**) ROIC over the car acquisition cost without IPI: 16.1%
Total
2 years
R$ % R$ % R$
Net revenues 35.3 100.0% 25.6 100.0% 60.9
Costs (9.6) -27.3% - 0.0% (9.6)
SG&A (2.2) -6.3% (2.4) -9.3% (4.6)
Net car sale revenue 23.2 90.7% 23.2
Book value of car sale (22.5) -88.0% (22.5)
EBITDA 23.4 66.4% 0.7 2.7% 24.1
Depreciation (vehicle) (8.6) (*) -33.7% (8.6)
Depreciation (non-vehicle) (0.1) -0.2% - 0.0% (0.1)
Interest on debt (2.9) -11.3% (2.9)
Tax (7.0) -19.9% 3.2 12.7% (3.8)
NET INCOME 16.3 46.3% (7.6) -29.6% 8.8
NET INCOME per year 8.2 46.3% (3.8) -29.6% 4.4
NOPAT 5.4
ROIC (**) 15.0%
Cost of debt (average CDI + 1.19%) after tax 6.3%
2012
Fleet Rental Seminovos
per operating car per operating car
8. 8
Spread (ROIC minus interest rates paid for third parties after tax)
10,90%
8,40% 8,84%
7,59% 7,33% 8,60% 6,34% 5,33%
18,70%
21,25%
17,03%
11,54%
16,94% 17,12% 16,10% 15,13%
2006 2007 2008 2009 2010 2011 2012 1Q13
7.8p.p. 12.9p.p.
8.2p.p.
4.0p.p.
9.6p.p. 8.5p.p. 9.8p.p.
Annualized
9.8p.p.
ROIC Interest rates paid to third parties after taxes
(*) 2008 and 2012 ROIC were calculated excluding additional fleet depreciation that was treated as equity loss since they were
extraordinary non-recurring events caused by external factors (IPI reduction for new cars), following the concepts recommended
by Stern Stewart.
9. 505.9 608.2
745.2
883.1
1,087.1 1,096.3
1,382.1
1,605.4 1,703.0
2004 2005 2006 2007 2008 2009 2010 2011 2012
9
Rental revenues evolution
4,091.5 4,128.9 4,255.7 4,542.6 4,971.7 5,141.7 5,763.9 6,038.7 6,230.0
2004 2005 2006 2007 2008 2009 2010 2011 2012
Localiza’s rental revenues at constant prices
Sector’s revenue at constant prices
In 2012 the Company grew 6.8x GDP and 3.6x the sector.
GDP 5.7% 3.2% 4.0% 6.1% 5.2% -0.3% 7.5% 2.7% 0.9%
Average GDP growth: 3.9%
Source: ABLA (Brazilian Car Rental Association)
11. 11
Competitive advantages: raising money
Global Scale
National Scale
Localiza raises money with lower spreads when compared to Brazilian competitors.
As of May, 2013.
BBB- S&P
Baa3 Moody’s
BBB- Fitch
BBB+ S&P B+ S&P B+ Fitch B1 Moody's
brAAA S&P
Aa1.br Moody’s
AA+(bra) Fitch
A+ (bra) Fitch
brA S&P
A (bra) Fitch
brA S&P
A (bra) Fitch
Raising
money
Buying
cars
Renting Cars
Selling
Cars
12. 12
Competitive advantages: buying cars
Localiza buys cars with better conditions due to the volume of purchases.
Number of cars purchased - 2012
* Includes Franchising
Localiza Unidas Locamerica
67,492
15,376
9,522
*
Source: each company website
Localiza’s share in the internal sales of the major
OEMs - 2012
2.1%
Raising
money
Buying
cars
Renting Cars
Selling
Cars
13. 13
The Company is present in 254 cities where the other largest networks do not operate.
Competitive advantages: renting cars
Know HowBrand Brazilian distribution
#ofbranches#ofcities
Localiza Hertz Unidas Avis
Source: Brand Analytics and each company website (Localiza and Peers, March of 2013)
118
118
52
478
288
340
80 68
29
Raising
money
Buying
cars
Renting Cars
Selling
Cars
14. 14
Sales to final consumer
Competitive advantages: selling cars
Selling directly to final consumer reduces depreciation.
Cars available for sale are used by car rental division during peaks of demand.
Raising
money
Buying
cars
Renting Cars
Selling
Cars
Buffer: additional fleet
15. 15
1. Company overview
2. Main business divisions
Car rental
Fleet rental (fleet outsourcing)
Seminovos
3. Consolidated
4. Debt and cash
5. Appendix
Earnings release 1Q13
Agenda
19. 19
Source: Abla and each company’s website (March, 2013)
Off-airport market is still fragmented.
Airport locations Off-airport locations
Car Rental Locations in Brazil
20. 2012 Share – Car Rental
Source: ABLA, Companies’ Financial Statements, and Localiza’ estimates (breakdown only).
20
36.7%
7.1%
Others
50.0%
6.2%
Gross Rental
Revenue
R$3,083 million
Unidas
Others
58.1%
30.9%
4.6%
6.5%
Fleet
210,506 cars
Unidas
Characteristics of Car Rental network in Brazil:
Complex chain management
High fixed-cost structure
Market consolidated in airports and fragmented in off-airport locations
High barrier to entry
Capital intensive
43.8%
35.5%
21. 21
2012 Share – Car Rental
Others Consolidated
Gross Revenues*
R$ million
1,350 191 1,542 3,083
Fleet (End of period) * 74,667 13,602 122,237 210,506
Strenghts**
• Unrivaled local scale
• Strong footprint
• Synergies
• Stable management
• Capitalized by three
Private Equity funds
• Local expertise
• Low fixed cost
structure -
Weaknesses**
----
• Weak footprint
• Relatively weak brand
• Unclear priorities
between rental and fleet
• Used car sales retail
network
• Funding costs
• High funding costs
• Lack of scale
• Weak footprint
• Weak brand
-
* Companies’ Financial Statements and Brazilian Car Rental Association (ABLA) ** Roland Berger.
22. 22
1. Company overview
2. Main business divisions
Car rental
Fleet rental (fleet outsourcing)
Seminovos
3. Consolidated
4. Debt and cash
5. Appendix
Earnings release 1Q13
Agenda
24. 2012 Share – Fleet Rental (Fleet Outsourcing)
Source: ABLA, Companies’ Financial Statements, and Localiza’ estimates (breakdown only).
24
Others
62.2%%
17.6%
1.7%
7.8%
10.7%
Gross Rental
Revenues
R$3,147 million
Unidas
Locamerica
Others
70.1%
11.5% 0.9%
7.0%
10.5%
Fleet
279,042 cars
Unidas
Locamerica
Characteristics of the Fleet Rental (Fleet Outsourcing) business in Brazil:
Scale of little relevance after initial scale (10,000 cars)
Risk of forecast of car residual value by the end of the contract (depreciation)
Low entry barrier
19.3%
12.4%
25. 25
Others Consolidated
Gross Revenues*
R$ million
607 245 337 1,958 3,147
Fleet (End of period)* 34,527 19,585 29,252 195,678 279,042
Strenghts**
• Takes advantage of
synergies provided
by the integrated
platform
• Capitalized
(Private Equity
funds)
• Synergies with
its rental car
business area
• Brazil’s second
player
• Successful IPO
04/2012
-
-
Weaknesses**
• Loss making in
the last six years
(competing on
price in the
pursuit of market
share)
• Used car sales
retail network
• Low profitability
(competing on
price in the
pursuit of market
share)
• Depreciation
calculus
• Used car sales
retail network
• High funding costs
• Competing by
price
• Lack of scale
-
2012 Share – Fleet Rental (Fleet Outsourcing)
* Companies’ Financial Statements and Brazilian Car Rental Association (ABLA) ** Roland Berger.
26. 26
Source: ABLA and Datamonitor
Aproximately 50% of targeted fleet is rented (outsourced).
Rented (outsourced) fleet penetration
Corporate fleet:
5,167,444
Targeted fleet:
500,000
Rented (outsourced) fleet:
279,042
32,104
Brazilian Market World
5.4%
8.9%
13.3%
16.5%
24.5%
37.4%
46.9%
58.3%
B
razil
PolandC
zech
Republic
G
erm
any
France
Spain
U
k
H
olland
Drivers
27. 27
1. Company overview
2. Main business divisions
Car rental
Fleet rental (fleet outsourcing)
Seminovos
3. Consolidated
4. Debt and cash
5. Appendix
Earnings release 1Q13
Agenda
28. 28
Combining Localiza’s brand with a growing network of stores
enables the Company to continuously sell thousands of cars at market prices.
# of points of sale
Car sales – operating data
26 32 35
49 55
66
73 74
2006 2007 2008 2009 2010 2011 2012 1Q13
+1
29. 29
8.0 7.9
7.4
6.9
6.5
5.9
5.5
2005 2006 2007 2008 2009 2010 2011
Income increase and credit availability are the major drivers for car sales.
Source: O Estado de São Paulo, as of 04/15/12 (based on researches of Sindipeças, Roland Berger and PWC).
Used car sales drivers: affordability and penetration
# of inhabitants per car (2011) # of inhabitants per car - Brazil
5.5
4.2
4.0
3.6
2.1
2.0
1.9
1.8
1.3
Brazil
Argentina
Russia
South Korea
Japan
France
Germany
United Kingdon
USA
30. 2.9
3.8
6.0 5.8
8.0
9.9
10.7
12.9
7.0
6.7
7.1 7.3 7.1
8.4
8.9 9.0
1.6 1.8
2.3
2.7
3.0
3.3 3.5 3.6
30
4.4x
3.7x
3.1x 2.7x
2.4x 2.5x 2.5x
2005 2006 2007 2008 2009 2010 2011 2012
2.6x
Brazilian car market: new x used car market and affordability
Individuals with
affordability to
buy a car*
New cars
Used cars
Source: FENABRAVE (Autos + light commercial) and Bradesco
* Population with affordability to buy a new compact car (R$25,000) with 20% downpayment, prices as of December 2012
31. 31
2012 Up to 2 years
458,684*
2012 Brand new
3,634,421
2012 Used cars
9,011,470
0.6% 1.6% 12.3%
Car sales – operating data
*Estimate considering the same percentage used in 2011
Source: Fenabrave
23.174
30.093
34.281 34.519
47.285
50.772
56.644
13.285 12.934
2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13
# of cars sold (Quantity)
-2.6%
32. 32
Examples
• Dealers
• Fiat, VW, Ford, GM most
successful
• Auto Brasil
• Rental operators
• Locamerica, Hertz
• Retailers
• “Loja do carro”
• “Auto malls” and
“Cidade do
automóvel”
Strengths*
• Brand and perceived
image/ experience
• Support often directly
from the OEM’s
• Flexibility in trade-in cars
• Strong media presence
• Tailored to popular
customer demand at
purchase, hence likely
to be an attractive value
proposition when for
sale
• Often appeal to lower
income classes, with
older cars
• Occasionally
specialized in niches
• Comfort and
convenience
• Variety of models
and brands
• Flexibility in
exchange
Weaknesses*
• Used cars not a core
business
• Cars often older than 2
years
• Stigma about heavy
usage during rental car
years
• Weak retail network
• Geographical
concentration (SP)
• Lower media presence
• No brand recognition
(lower reputation
market)
• Financing options with
higher interest rates
• Lower media
presence
• Cars often older than
2 years
• It hasn’t been
successful
Points of sale • 3,714 (Anfavea)
• 25 (Unidas, Locamerica,
Avis and Hertz website).
• 45,600 (Fenauto) • 71 (Fenauto)
Main players
*Source: Roland Berger
33. 33
1. Company overview
2. Main business divisions
Car rental
Fleet rental (fleet outsourcing)
Seminovos
3. Consolidated
4. Debt and cash
5. Appendix
Earnings release 1Q13
Agenda
35. 35
2012 Consolidated breakdown
R$ million
Net Revenues EBITDA
7%
41% 52%
48%
17%
35%
Company’s profitability comes from Car Rental and Fleet Rental (Fleet Outsourcing) Divisions.
EBIT*
42%
58%
Rental Seminovos
Net revenues EBITDA EBIT Net income
1,111.0 456.2 267.9 131.7
535.7 355.9 197.9 109.2
1,520.0 63.5 * *
Consolidated 3,166.7 875.6 465.8 240.9
*Seminovos results recorded in the Car Rental and Fleet Rental (Fleet Outsourcing) Division.
39. 39
Additional Depreciation due to lower IPI tax rate
R$ million
Division
Additional Depreciation
Accounted
To be
accounted
Total
2012 1Q13 Subtotal From 2Q13 on
Car Rental
111.2 3.2 114.4 1.6 116.0
95.9% 2.8% 98.6% 1.4% 100.0%
Fleet Rental
(Fleet Outsourcing)
33.3 6.8 40.1 24.4 64.5
51.6% 10.5% 62.2% 37.8% 100.0%
Consolidated 144.5 10.0 154.5 26.0 180.5
40. 254.5
346.2 307.5 276.4
482.1
595.7
465.8
144.5 148.1
2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13
40
Consolidated EBIT
R$ million
* EBIT pro- forma excludes the additional depreciation of R$144.5 million due to the IPI tax exemption.
610,3 *
Divisions 2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13
Car Rental 146.4 220.6 214.0 158.2 315.4 388.0 267.9 88.0 54.3
Fleet Rental (Fleet
Outsourcing)
108.1 125.6 93.5 118.2 166.7 207.7 197.9 56.5 56.4
Rental Consolidated 254.5 346.2 307.5 276.4 482.1 595.7 465.8 144.5 110.7
41. 41
Consolidated Net Income
R$ million
Reconciliation EBITDA vs. Net income 2009 2010 2011 2012 1Q12 1Q13 Var. R$ Var. %
Consolidated EBITDA 469.7 649.5 821.3 875.6 210.0 217.2 7.2 3.4%
Car depreciation (172.3) (146.3) (201.5) (376.9) (58.0) (60.5) (2.5) 4.3%
Other property depreciation and amortization (21.0) (21.1) (24.1) (32.9) (7.5) (8.6) (1.1) 14.7%
Financial expenses, net (112.9) (130.1) (179.0) (138.7) (43.6) (23.0) 20.6 -47.2%
Income tax and social contribution (47.2) (101.5) (125.1) (86.2) (28.2) (36.3) (8.1) 28.7%
Net income 116.3 250.5 291.6 240.9 72.7 88.8 16,1 22.1%
138.2
190.2
127.4 116.3
250.5
291.6
240.9
72.7 88.8
2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13
336.3 *
* Pro forma net income excluding additional depreciation of R$144.5 million, net of income tax.
Record
42. 42
1. Company overview
2. Main business divisions
Car rental
Fleet rental (fleet outsourcing)
Seminovos
3. Consolidated
4. Debt and cash
5. Appendix
Earnings release 1Q13
Agenda
43. 4343
(Unleveraged) Free Cash Flow
(*) Technical discount deduction excluded until 2010
Free cash flow - R$ million 2006 2007 2008 2009 2010 2011 2012 1Q13
EBITDA 311.3 403.5 504.1 469.7 649.5 821.3 875.6 217.2
Used car sale revenue, net from taxes (588.8) (850.5) (980.8) (922.4) (1,321.9) (1,468.1) (1,520.0) (363.8)
Depreciated cost of cars sold (*) 530.4 760.0 874.5 855.1 1,203.2 1,328.6 1,360.2 320.9
(-) Income tax and social contribution (42.7) (63.4) (52.8) (49.0) (57.8) (83.0) (100.9) (23.0)
Change in working capital (4.8) 13.3 (44.8) (11.5) 54.5 (83.9) 37.1 (32.7)
Cash provided by the operation 205.4 262.9 300.2 341.9 527.5 514.9 652.0 118.6
Used car sale revenue, net from taxes 588.8 850.5 980.8 922.4 1,321.9 1,468.1 1,520.0 347.3
Car investment for renewal (643.3) (839.0) (1,035.4) (947.9) (1,370.1) (1,504.5) (1,563.3) (341.5)
Net investment for fleet renewal (54.5) 11.5 (54.6) (25.5) (48.2) (36.4) (43.3) 5.8
Fleet renewal – quantity 23,174 30,093 34,281 34,519 47,285 50,772 56,644 12,349
Other property investment (32.7) (23.7) (39.9) (21.0) (51.1) (63.0) (80.2) (7.7)
Free cash flow before growth 118.2 250.7 205.7 295.4 428.2 415.5 528.5 116.7
Investment on cars for fleet (growth) /reduction (287.0) (221.9) (299.9) (241.1) (540.3) (272.0) (55.5) 16.5
Change in accounts payable to car suppliers 222.0 (51.0) (188.9) 241.1 111.3 32.7 (116.9) (56.7)
Fleet growth (65.0) (272.9) (488.8) 0.0 (429.0) (239.3) (172.4) (40.2)
Fleet increase / (reduction) – quantity 10,346 7,957 9,930 8,642 18,649 9,178 2,011 (585)
Free cash flow after growth 53.2 (22.2) (283.1) 295.4 (0.8) 176.2 356.1 76.5
44. 44
Changes in net debt
R$ million
Net debt was reduced by 9.7% in 2012 and 3.1% in this quarter.
1,193.5
(23.0)
Interest
(15.8)
Interest on own
capital
Net debt
03/31/2013
FCF
76.5
1,231.2
Net debt
12/31/2012
(138.6)
Interest
(85.3)
Dividends
Net debt
12/31/2012
FCF
356.1
1,363.4
Net debt
12/31/2011
1,231.2
217.5
FCF after interest
FCF after interest
53.5
45. 45
Debt - ratios
Net debt vs. Fleet value
BALANCE AT THE END OF
PERIOD 2006(*) 2007(*) 2008(*) 2009(*) 2010(*) 2011 2012 1Q13
Net debt / Fleet value 36% 51% 72% 57% 52% 51% 48% 48%
Net debt / EBITDA (**) 1.4x 1.9x 2.5x 2.3x 2.0x 1.7x 1.4x 1,4x
Net debt / Equity 0.7x 1.3x 2.0x 1.5x 1.4x 1.2x 0.9x 0,8x
EBITDA / Net financial expenses 4.8x 5.4x 3.8x 4.2x 5.0x 4.6x 6.3x 9,4x
(*) From 2006 to 2010, ratios based on USGAAP financial statements.
(**) 1Q13 EBITDA annualized
Net debt Fleet value
Comfortable debt ratios.
440.4
765.1
1,254.5
1,078.6
1,281.1 1,363.4 1,231.2 1,193.51,247.7
1,492.9
1,752.6
1,907.8
2,446.7 2,681.7 2,547.6 2,503.1
2006 2007 2008 2009 2010 2011 2012 1Q13
46. 46
Debt Profile (principal)
R$ million
The Company continues presenting a strong cash position and comfortable debt profile.
182.6 247.7 194.9
592.0
462.0
146.0 172.0
2013 2014 2015 2016 2017 2018 2019
Cash
897.5
625.2
Cash available at the Company is enough to pay 100% of debt from years 2013, 2014,2015 and 46% of 2016’s.
.
47. 47
Localiza Level I ADR
Ticker Symbol: LZRFY
CUSIP: 53956W300
ISIN: US53956W3007
Ratio: 1 Common Share : 1 ADR
Exchange: OTC
Depositary bank: Deutsche Bank Trust Company Americas
ADR broker helpline: +1 212 250 9100 (New York)
+44 207 547 6500 (London)
E-mail: adr@db.com
ADR website: www.adr.db.com
Depositary bank’s local custodian: Banco Bradesco S/A, Brazil
48. 48
Disclaimer
Disclaimer
The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation. It is information in summary form and does not purport to
be complete. It is not intended to be relied upon as advice to potential investors. This presentation is strictly confidential and may not be disclosed to any other person. No representation
or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as
the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of LOCALIZA and its subsidiaries that may cause the actual results
of the companies to be materially different from any future results expressed or implied in such forward-looking statements.
Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to LOCALIZA’s
management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any of the forward-looking statement.
Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933. Any offering of securities to be made in
the United States will be made by means of an offering memorandum that may be obtained from any underwriters we may appoint in connection with an offering of securities in future.
Such offering memorandum will contain, or incorporate by reference, detailed information about LOCALIZA and its business and financial results, as well as its financial statements.
This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein
shall form the basis of any contract or commitment whatsoever.
Website: www.localiza.com/ir E-mail: ri@localiza.com Phone: 55 31 3247-7024
Roberto Mendes
CFO and IR
Nora Lanari
Head of IR