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Element Fleet Management Corp. (T:EFN)

Business Focus: Corporate Financial Services

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Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEDAR
Company Contact
Address: 161 Bay St Suite 3600
Tel: 1-416-6465698
IR: See website
Key People
David F. Denison
Independent Chairman of the Board
Chris Gittens
Executive Vice President, Mid-market of Element Fleet
Jay A. Forbes
Chief Executive Officer, Executive Director
Vito Culmone
Chief Financial Officer, Executive Vice President
James Halliday
Executive Vice President and Chief Operating Officer of Element Fleet
Jacqui McGillivray
Chief Human Resource Officer, Executive Vice President
Vineet Gupta
Executive Vice President, Chief Technology Officer
David Colman
Executive Vice President, General Counsel, Secretary
Karen L. Martin
Executive Vice President, Treasurer
Scott Davidson
Executive Vice President, Corporate Development of Element Fleet
Business Overview
Element Fleet Management Corp. is a Canada-based fleet management company that provides services and financing for commercial vehicle fleets. The Company's offerings span the total fleet lifecycle, from acquisition and financing, to program management and remarketing. The Company provides both essential and fully outsourced fleet management, with services for cars and light duty vehicles, medium and heavy duty trucks and material handling equipment. Element operates across the United States, Canada, Mexico, Australia and New Zealand, and worldwide through its Element-Arval Global Alliance.
Financial Overview
For the six months ended 30 June 2019, Element Fleet Management Corp revenues increased 18% to C$1.01B. Net income applicable to common stockholders increased 55% to C$122.2M. Revenues reflect Rental revenue and other increase of 33% to C$376.1M, Interest income, net increase of 4% to C$334.3M, Fleet service revenue increase of 4% to C$265.4M. Net income benefited from (Income) Loss on investments decrease of 93% to C$1.1M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $18,779M as of Jun 30, 2019
Annual revenue (TTM): $1,923M as of Jun 30, 2019
EBITDA (TTM): $901.23M as of Jun 30, 2019
Net annual income (TTM): -$199.89M as of Jun 30, 2019
Free cash flow (TTM): $357.94M as of Jun 30, 2019
Net Debt Last Fiscal Year: $12,821M as of Jun 30, 2019
Shares outstanding: 435,216,494 as of Sep 23, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization