FLEETCOR Technologies : March 2022 Investor Presentation
FLT
Refer to earnings release dated February 8, 2022 for further information
SAFE HARBOR PROVISION
This presentation contains forward‐looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about FLEETCOR's beliefs, assumptions, expectations and future performance, are forward‐looking statements. Forward‐looking statements can be identified by the use of words such as "anticipate," "intend," "believe," "estimate," "plan," "seek," "project" or "expect," "may," "will," "would," "could" or "should," the negative of these terms or other comparable terminology.
These forward‐looking statements are not a guarantee of performance, and you should not place undue reliance on such statements. We have based these forward‐looking statements largely on preliminary information, internal estimates and management assumptions, expectations and plans about future conditions, events and results. Forward‐looking statements are subject to many uncertainties and other variable circumstances, such as regulatory measures, voluntary actions or changes in consumer preferences, that impact our transaction volume, including social distancing, shelter‐in‐place, shutdowns of nonessential businesses and similar measures imposed or undertaken in an effort to contain and mitigate the spread of the novel coronavirus (including any variants thereof, "COVID‐19"); adverse changes or volatility in fuel prices and spreads; adverse changes in program fees or charges we may collect, whether through legal, regulatory or contractual changes; adverse outcomes with respect to current and future legal proceedings or investigations, including, without limitation, the FTC lawsuit, or actions of governmental, regulatory or quasi‐governmental bodies or standards or industry organizations with respect to our payment cards; delays or failures associated with implementation of, or adaption to, new technology; changes in credit risk of customers and associated losses; failure to maintain or renew key business relationships; failure to maintain competitive product offerings; failure to complete, or delays in completing, acquisitions, new partnerships or customer arrangements and to successfully integrate or otherwise achieve anticipated benefits from such acquisitions, partnerships and customer arrangements; failure to successfully expand and manage our business internationally; and other risks related to our international operations, including the potential impact to our business as a result of the United Kingdom's referendum to leave the European Union; the impact of foreign exchange rates on operations, revenue and income; and the failure or compromise of our data centers and other information technology assets, as well as the other risks and uncertainties identified under the caption "Risk Factors" in our Annual Report on Form 10‐K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 1, 2022 and subsequent filings made by us. These factors could cause our actual results and experience to differ materially from any forward‐looking statement made herein. The forward‐looking statements included in this presentation are made only as of the date hereof and we do not undertake, and specifically disclaim, any obligation to update any such statements as a result of new information, future events or developments, except as specifically stated or to the extent required by law. You may access FLEETCOR's SEC filings for free by visiting the SEC web site atwww.sec.gov.
This presentation includes non‐GAAP financial measures, which are used by the Company as supplemental measures to evaluate its overall operating performance. The Company's definitions of the non‐GAAP financial measures used herein may differ from similarly titled measures used by others, including within the Company's industry. By providing these non‐GAAP financial measures, together with reconciliations to the most directly comparable GAAP financial measures, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing strategic initiatives. See the appendix for additional information regarding these non‐GAAP financial measures and a reconciliation to the most directly comparable GAAP measure.
COMPANY OVERVIEW
A Successful Corporate Payments Company Operating in a Large, Attractive Market
COMPANY OVERVIEW
FLEETCOR PROVIDES A SET OF CORPORATE PAYMENT SOLUTIONS TO HELP BUSINESSES ENABLE & CONTROL THEIR EXPENSES & PAYMENTS
Enable & control what's purchasedEnable & control what's paid
COMPREHENSIVE
Smart Business Cards
Online Bill Pay
SET OF
Fleet
AP Automation
SOLUTIONS:
Tolls
Virtual Card
Lodging
Cross‐Border
FLEETCOR | Proprietary & Confidential
THE FLEETCOR JOURNEY
FLEETCOR EVOLVED FROM A PAYMENT SPECIALIST TO A PROVIDER OF COMPREHENSIVE CORPORATE PAYMENT SOLUTIONS
B2B SPECIALTY PAYMENTS COMPANY
FLEET CARD COMPANYCORPORATE PAYMENT SOLUTIONS COMPANYGlobal Market Opportunity (TAM): Addressable Non‐Payroll Business Spend
~1% current TAM
~50% current TAM
$125T 100% current TAM
"The Global Fleet Card Company"
Started as a specialized fleet card provider for business fleets … to help control fuel & maintenance spend
"A Better Way to Pay"
Added specialized purchase programs for several employee expense categories
Added specialized "vendor payment programs" to make it easier & safer to pay vendors
"Helping Businesses Spend Less"
Evolved into a comprehensive corporate payment solutions provider for all non‐payroll spend
Intelligent platform software … with all non‐payroll spend managed in one place
FLEETCOR | Proprietary & Confidential
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Disclaimer
FleetCor Technologies Inc. published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 17:35:12 UTC.