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LEASEPLAN PUBLISHES ITS ANNUAL REPORT 2011

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Almere, 20 March 2012 – LeasePlan Corporation N.V., the world's leading fleet and vehicle management company published its Annual Report 2011.

The full Annual Report 2011 can be downloaded or viewed online.

Media enquiries:
Marjolein Bijsterveld
Communications and Media Advisor
T: +31 (0)36 529 3626
E-mail: info@leaseplancorp.com
Internet: www.leaseplan.com

Investor enquiries:
Paul Benson
Group Treasurer
T: + 353 1680 4005
E: paul.benson@leaseplancorp.com
Internet: www.leaseplan.com/pu/en/Investors


About LeasePlan
LeasePlan is a global vehicle leasing and fleet and vehicle management company of Dutch origin. We operate in 30 countries across Europe, North and South America and the Asia-Pacific. Established almost 50 years ago we manage a fleet size of over 1.3 million multi-branded vehicles, making us the world’s largest fleet and vehicle management provider in terms of fleet size. We offer a comprehensive portfolio of fleet management solutions covering vehicle acquisition, leasing, full service fleet management, strategic fleet selection and management advice, fleet funding, ancillary fleet and driver services and car remarketing.

We have a proven track record in enhancing our presence in traditional mature fleet markets, as well as expanding into new markets and growing our business to market leading positions. We are able to capitalise on our global growth presence and international network by providing expertise, savings and opportunities to meet the needs of large and multinational companies, small and medium sized enterprises and public sector entities. We aim to do this by using our expertise to make running a fleet easier for our clients. This is reflected in our universal promise to all our clients: ‘It’s easier to leaseplan’.

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Quick facts

On the global economic stage, 2011 began with guarded optimism about recovery and ended with considerable uncertainty. What started as a slow climb based on some positive growth in 2010 was quickly eroded by deepening concerns regarding the euro in the second half of the year. The level of uncertainty in the economic and regulatory environment remained high, yet we continued to be firmly focused on the principles that have guided us through the financial and economic crisis to this point: staying close to our clients and maintaining our strengths and strategic momentum.
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Although LeasePlan occupies a top 3 market position in almost all of our operating countries, we continue to see ways to strengthen our competitive position. This was accomplished in two key areas in 2011. The first involved further embedding our promise ‘It’s easier to leaseplan’ into our organisation throughout the year to improve service to our clients. This resulted in an increase globally in client loyalty and satisfaction. The second strategic area involved further progress made in product and service development, including expanding the service offerings across geographic markets with LeasePlan International.
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The small and medium enterprise (SME) segment represents an opportunity for us to further expand our client base. Penetration of this segment is at an early stage in most markets, although we are well-established in others. Increased market share in the SME segment will be attained by demonstrating our existing product expertise and adapting to the characteristics of the smaller operators.
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Our ongoing focus on this area requires continual enhancements to our service offerings, an approach spearheaded by LeasePlan International and our business development team. This includes the implementation of state-of-the-art international fleet reporting tools which provide enhanced client service capabilities.
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Quotes

We stayed close to our clients, and maintained our strength.
Vahid Daemi, Chairman of the Managing Board and CEO
The profitable growth we have experienced in recent years to return us to pre-crisis levels continued with a 13% increase in net profit to EUR 225 million. The positive result was fuelled by improvements in traditional interest margins and stable performance in other diversified income streams.
Vahid Daemi, Chairman of the Managing Board and CEO
In conclusion, our resolve in 2012 will be focused on selective, profitable growth for the business and in continuing to proactively partner with our clients as we look to extend our promise of 'It’s easier to leaseplan’.
Vahid Daemi, Chairman of the Managing Board and CEO