Avis Budget Group(CAR) - 2024 Q4 - Earnings Call Presentation

Financial Performance - Avis Budget Group's Q4 2024 revenue reached $2.7 billion, but experienced a net loss of nearly $2 billion and an Adjusted EBITDA loss of $101 million[2] - Full year 2024 revenue was $11.8 billion, with a net loss of $1.8 billion and Adjusted EBITDA of $628 million[2] - A one-time non-cash impairment of $2.3 billion and other non-cash related charges of $180 million impacted net loss and Adjusted EBITDA due to accelerated fleet rotations[3] Fleet Management - The company accelerated fleet rotation in the Americas, resulting in a $2.3 billion non-cash impairment and $180 million in other non-cash charges[3] - Americas segment revenues decreased by 2% to $2.117 billion in Q4 2024 and 3% to $9.111 billion for the full year[20] - Per-Unit Fleet Costs per Month in Americas increased by 58% to $430 in Q4 2024 and 88% to $376 for the full year[28] Operational Metrics - Total company revenue decreased by 2% to $2.710 billion in Q4 2024 and 2% to $11.789 billion for the full year[20] - In International, rental days increased by 4% for the full year[11] - Total company Per-Unit Fleet Costs per Month increased by 43% to $397 in Q4 2024 and 70% to $357 for the full year[30] Leadership Transition - Joe Ferraro will transition from CEO to Board Advisor on June 30, 2025, and Brian Choi will become CEO on July 1, 2025[7]