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Element Fleet Management Corp. (T:EFN)

Business Focus: Corporate Financial Services

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
Scott Davidson
Executive Vice President, Corporate Development 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
Israel Kaufman
Executive Vice President, Treasurer
Karen L. Martin
Executive Vice President, Treasurer
Business Overview
Element Fleet Management Corp is a Canada-based fleet management company. The Company offers services and financings for commercial vehicle and equipment fleets. It operates through two segments: Fleet Management segment and Non-Core segment. It provides vehicle fleet leasing and fleet management solutions and related service programs to international companies in a wide variety of industries. It offers a broad range of services across various asset types, including cars and light duty vehicles, material handling equipment and medium and heavy trucks. Its services include acquisition; financing; tile, licensing and registration; telematics; risk and safety; accident management; tolls, violations and compliance; fuel services; managed maintenance; personal usage and expense tracking; rental services and remarketing.
Financial Overview
For the three months ended 31 March 2020, Element Fleet Management Corp revenues decreased 6% to C$477.5M. Net income applicable to common stockholders decreased 1% to C$68.5M. Revenues reflect Interest income, net decrease of 16% to C$140.7M, Rental revenue and other decrease of 9% to C$174.5M. Net income also reflects Restructuring and transformation costs increase from C$6.7M to C$15M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $17,726M as of Mar 31, 2020
Annual revenue (TTM): $1,990M as of Mar 31, 2020
EBITDA (TTM): $761.73M as of Mar 31, 2020
Net annual income (TTM): $52.42M as of Mar 31, 2020
Free cash flow (TTM): $879.08M as of Mar 31, 2020
Net Debt Last Fiscal Year: $13,126M as of Mar 31, 2020
Shares outstanding: 437,682,397 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization