Core Insights - Ayvens reported a net income group share of EUR 273 million for Q3 2025, reflecting an 85.9% increase compared to Q3 2024, driven by improved margins and lower operating expenses [1][13][23] - The company announced a share buyback program of EUR 360 million and an exceptional cash dividend of EUR 0.42 per share, to be paid on December 18, 2025, as part of its commitment to shareholder value [1][5][7] - The Group's Return on Tangible Equity (ROTE) improved to 14.3% from 7.2% in Q3 2024, indicating enhanced profitability [1][23][47] Financial Performance - Gross operating income for Q3 2025 reached EUR 851 million, up 17.6% from Q3 2024, supported by increased margins [1][14][44] - Leasing and Services margins totaled EUR 776 million, a 20.1% increase year-on-year, with underlying margins at 593 basis points compared to 521 basis points in Q3 2024 [1][15][21] - Operating expenses decreased to EUR 429 million from EUR 460 million in Q3 2024, reflecting a 6.7% reduction [1][19][44] Strategic Developments - The execution of the PowerUP 26 strategic roadmap is progressing well, with profitability and cost efficiency improving as synergies increase [2] - The restructuring of the company's footprint in targeted segments is advancing, with used car lease capabilities ramping up [2] - The company is well-positioned for sustainable and profitable growth, supported by a strong executive management team [3] Shareholder Returns - The Board of Directors authorized a total distribution of EUR 700 million to shareholders, including the share buyback and exceptional interim dividend [4][7] - The share buyback program is set to commence on October 31, 2025, and will last until October 30, 2026 [5][51] Market Position - Ayvens maintains a strong financial structure with total shareholders' equity of EUR 10.7 billion as of September 30, 2025, and a Common Equity Tier 1 (CET1) ratio of 12.8% [24][28] - The company has a total balance sheet of EUR 73.1 billion, with financial debt standing at EUR 37.8 billion [25][45]

Ayvens has taken note of the FCA consultation announcement dated 7 October 2025 relating to UK Motor Finance Commissions and its proposed redress scheme. Ayvens' preliminary analysis of this proposed redress scheme is that the provision recorded in its 2024 financial statements (as disclosed in Ayvens' Universal Registration Document for 2024) for the potential liabilities relating to the UK motor finance commissions exposure remains sufficient. Ayvens will continue to assess the developments and implicati ...

Core Viewpoint - Ayvens welcomes the UK Supreme Court judgment regarding the UK Motor Finance Commission and believes that the provisions recorded for potential liabilities remain adequate [1][2]. Group 1: Company Overview - Ayvens is a leading global player in sustainable mobility, providing services such as full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions [2]. - The company operates with over 14,000 employees across 41 countries and manages 3.2 million vehicles, including the world's largest multi-brand electric vehicle fleet [3]. - Ayvens is listed on Compartment A of Euronext Paris with the ISIN FR0013258662 and Ticker AYV, and is majority-owned by Societe Generale Group [3]. Group 2: Financial Implications - The company will continue to assess the implications of the Supreme Court judgment and review its estimates following the publication of the final FCA redress scheme rules [2].

Core Points - Ayvens has appointed Philippe de Rovira as Chief Executive Officer, effective December 1, 2025, following the recommendation of the Nomination Committee as part of its succession planning [1] - Tim Albertsen will retire on December 1, 2025, after serving as CEO and a member of the Board of Directors, and will continue to lead until the new CEO's appointment takes effect [2] - The Board of Directors expressed gratitude to Tim Albertsen for his leadership and commitment to the PowerUp 2026 plan, which will remain unchanged until the end of 2026 [2][3] - The integration process within Ayvens is progressing as planned, with Q2 2025 financial results scheduled for release on July 31, 2025 [3] Philippe de Rovira's Background - Philippe de Rovira has extensive experience, having joined PSA Group in 1998 and held various Business and Finance positions until 2017, including leading a division focused on B2B sales and remarketing of used cars [4] - He served as Chief Financial Officer of PSA Group in 2018 and was a member of the Global Executive Committee, overseeing the remarketing of used cars [5] - In 2021, he became Chief Affiliates Officer at Stellantis, responsible for Financial Services, Parts & Services, and Circular Economy, and in 2025, he took on the role of Chief Operating Officer for Asia and Middle East/Africa [5] Company Overview - Ayvens is a leading global player in sustainable mobility, providing full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions [6] - The company operates with over 14,000 employees across 41 countries, managing 3.2 million vehicles and the world's largest multi-brand electric vehicle fleet [7] - Ayvens is listed on Compartment A of Euronext Paris, with Societe Generale Group as its majority shareholder [7]

Group 1 - Ayvens has received notification from the Autorité de Contrôle Prudentiel et de Resolution (ACPR) regarding the implementation of Minimum Requirement for Own Funds and Eligible Liabilities (MREL) requirements effective from 31 December 2026, with a total MREL requirement of 19.95% of the Ayvens Group's Risk-Weighted Assets (RWA) and 5.91% of the leverage ratio exposure [1][2] - As a non-resolution entity within the Societe Generale resolution group, Ayvens plans to increase its eligible liabilities by raising intragroup Senior Non-Preferred debt to meet the MREL requirement on a consolidated basis [2] - Ayvens is a leading global player in sustainable mobility, providing full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions to various clients including large international corporates and SMEs [3][4] Group 2 - The company employs over 14,000 staff across 41 countries and manages a fleet of 3.2 million vehicles, including the world's largest multi-brand electric vehicle fleet, positioning itself to lead in the transition to net zero and digital transformation in the mobility sector [4] - Ayvens is listed on Compartment A of Euronext Paris with the ISIN FR0013258662 and Ticker AYV, and is majority-owned by Societe Generale Group [4]

Core Points - Ayvens has received authorization for a share buyback program approved at the combined General Shareholders' Meeting on 19 May 2025 [2][4] - As of 15 May 2025, Ayvens holds 626,068 of its own shares, which is 0.08% of its share capital [3] - The maximum purchase price for the shares is set at EUR 28.60, with a total allocation limit of EUR 600 million for the buyback program [7] Breakdown by Objectives - The share buyback program aims to cancel shares, allocate shares to employees, cover employee shareholding plans, engage in market making activities, and support external growth transactions [4] - The company can purchase up to 5% of its share capital, with a maximum of 10% of share capital held after purchases [6][7] Duration and Compliance - The duration of the share buyback program is set for 18 months from the date of the General Meeting [8] - The Board of Directors will ensure compliance with prudential requirements as defined by regulations and the European Central Bank [9] Company Overview - Ayvens is a leading global player in sustainable mobility, providing services such as full-service leasing, fleet management, and multi-mobility solutions [10] - The company operates with over 14,000 employees across 41 countries and manages 3.2 million vehicles, including the world's largest multi-brand EV fleet [11]

Group 1 - Ayvens executed share buyback transactions on 7 May 2025, in compliance with EU regulations regarding market abuse and buyback programs [1][2] - The share buyback program was authorized by the General Meeting on 14 May 2024, and the buyback transactions concluded on 7 May 2025 [2] - A liquidity contract with BNP Paribas Exane was temporarily suspended during the buyback period [2] Group 2 - On 7 May 2025, Ayvens purchased a total of 52,379 shares across different markets, with a daily weighted average purchase price ranging from €9.02991 to €9.03364 [4] - The shares were traded on multiple markets, including XPAR, DXE, TQE, and AQE [4] Group 3 - Ayvens is a leading global player in sustainable mobility, providing services such as full-service leasing, flexible subscription services, and fleet management [5] - The company operates with over 14,000 employees in 41 countries and manages 3.2 million vehicles, including the world's largest multi-brand electric vehicle fleet [6] - Ayvens is listed on Compartment A of Euronext Paris, with Societe Generale Group as the majority shareholder [6]

Financial Performance - Gross operating income reached EUR 819 million, an increase of 3.3% compared to EUR 793 million in Q1 2024 [1][11] - Net income group share stood at EUR 220 million, up 21.3% from EUR 181 million in Q1 2024 [3][21] - Earnings per share increased to EUR 0.24 from EUR 0.20 in Q1 2024 [3][21] Margins and Costs - Leasing and Services margins reached EUR 708 million, up 2.9% from EUR 689 million in Q1 2024 [1][12] - Cost to income ratio improved to 58.0%, down 9.7 percentage points from 67.7% in Q1 2024 [3][18] - Operating expenses decreased to EUR 473 million from EUR 490 million in Q1 2024 [3][17] Asset and Fleet Management - Earning assets increased by 1.4% year-on-year to EUR 53.5 billion as of 31 March 2025 [3][7] - Total fleet amounted to 3.246 million vehicles, down 3.8% year-on-year [3][8] - Full-service leasing contracts reached 2,584 thousand vehicles, a decrease of 3.9% year-on-year [3][9] Integration and Strategic Initiatives - Integration is progressing as planned, with eleven out of twenty-one overlapping countries migrated to a single IT platform [5] - The company is building a sustainable growth path through targeted commercial initiatives [6] - Synergies increased to EUR 61 million in Q1 2025, up from EUR 20 million in Q1 2024 [2][5] Regulatory Capital and Financial Structure - CET1 ratio stood at 13.2% as of 31 March 2025, reflecting the impact of CRR3 implementation [3][27] - Total balance sheet decreased from EUR 75.1 billion at the end of December 2024 to EUR 73.6 billion at the end of March 2025 [3][22] - Group shareholders' equity totaled EUR 10.6 billion as of 31 March 2025, compared to EUR 10.4 billion at the end of December 2024 [3][22]