Element Fleet Management Corp. (T:EFN*CA)

Business Focus: Corporate Financial Services (NEC)

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
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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

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