Sector: Financials | Industry: Corporate Financial Services |
Company Contact | |
Address: | 161 Bay Street, Suite 3600 TORONTO ON M5J 2S1 |
Tel: | 1-416-6465698 |
Website: | https://www.elementfleet.com |
IR: | See website |
Key People | ||
Kathleen Taylor Chairman of the Board | Laura Dottori-Attanasio President, Chief Executive Officer | Frank A. Ruperto Chief Financial Officer, Executive Vice President |
James Halliday Executive Vice President, Chief Operating Officer | Jacqui Mcgillivray Chief People Officer, Executive Vice President, Social Impact Officer | David Colman Executive Vice President, General Counsel, Corporate Secretary |
Israel Kaufman Executive Vice President, Treasurer | Chris Gittens Executive Vice President, Chief Digital Officer | David Madrigal Executive Vice President, Chief Commercial Officer |
Business Overview |
Element Fleet Management Corp. is a Canada-based global automotive fleet manager. The Company provides business-to-business services and financing to corporations, governments and not-for-profits. It operates in various countries, including the United States, Canada, Mexico, Australia and New Zealand. It provides services and financing for commercial vehicle and equipment fleets, reaching around 56 countries worldwide through the Element-Arval Global Alliance. The Company provides solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities. Its services include acquisition, electric vehicle, financing, title and registration, collision management, fleet partnerships solutions, fuel, safety, taxable benefits, fleet telematics connectivity solutions, remarketing, sale leaseback, tolls and violations, and strategic fleet consulting. The Company has around 1.5 million client vehicles under management. |
Financial Overview |
For the fiscal year ended 31 December 2023, Element Fleet Management Corp revenues increased 32% to C$2.45B. Net income applicable to common stockholders increased 16% to C$442.4M. Revenues reflect Interest income, net increase of 59% to C$704M, Rental revenue increase of 33% to C$950.7M. Net income was partially offset by Depreciation exp increase of 29% to C$652.5M (expense), Salaries and benefits increase of 14% to C$366.8M (expense). |
Employees: | 2,700 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $19,628M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,446M as of Dec 31, 2023 |
EBITDA (TTM): | $1,238M as of Dec 31, 2023 |
Net annual income (TTM): | $442.43M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1,587M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $10,777M as of Dec 31, 2023 |
Shares outstanding: | 389,168,734 as of Jan 10, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |