Ayvens Unveils 2029 Strategic Plan for Financial and Operational Excellence

Ayvens, a leading player in the automotive and leasing industry, has unveiled its strategic plan for the next three years, aiming to achieve significant financial and operational improvements. The plan, titled "Ayvens 2029," sets ambitious targets for the company to enhance its financial performance and operational efficiency.

According to the plan, Ayvens aims to achieve a Return on Tangible Equity (ROTE) between 14% and 16% in 2029, up from the 13% to 15% range set during the PowerUP 2026 period. The company also targets a Common Equity Tier 1 (CET 1) ratio of around 12.5%, compared to the 12% ratio in PowerUP 2026. Additionally, Ayvens plans to reduce its cost-to-income ratio by 4 percentage points, aiming for a level of around 49% in 2029, down from the 53% equivalent to the underlying cost-to-income ratio of 52% in PowerUP 2026.

The company's CEO, Philippe de Rovira, commented on the strategic plan, stating, "I am pleased to share today Ayvens 2029 strategic plan. As the execution of the PowerUP 2026 plan is about to reach its successful conclusion with the integration of ALD and LeasePlan and the delivery of strong financial results, Ayvens will now enter into a new development phase based on resuming profitable growth and putting operational excellence at the heart of all our processes and actions."

In terms of operational excellence, Ayvens plans to improve its cost-to-income ratio through a combination of initiatives. The company aims to decrease its operating expenses, with an IT intensity ratio decreasing from around 15% to 12%. The Group also intends to implement AI automation solutions across its Commerce, Finance, and Services & Operations functions, expecting to achieve efficiency gains of 30% for eight core processes.

Ayvens is also focusing on growing its funded fleet, targeting a 3% increase between 2026 and 2029. The company plans to expand its presence in selected medium and high growth countries, as well as in the retail and Light Commercial Vehicle (LCV) segments. Specifically, Ayvens aims to grow its retail segment by 15% over the period, reaching 900,000+ vehicles in 2029 from 780,000 vehicles in 2026, and increase its LCV segment by 10%, reaching 580,000+ vehicles in 2029 from 530,000+ vehicles in 2026.

To further enhance its services margins, Ayvens plans to increase the penetration rate of its insurance and damage cover offering, from 53% in 2026 to 56% in 2029. The company also intends to roll out Ayvens Power, its EV charging solution, across 15 countries by 2029, compared to its current presence in two countries.

The strategic plan also highlights Ayvens' commitment to sustainability, with the company aiming to reduce its fleet's CO₂ emissions from 101g/km in 2025 to 75-85g/km in 2029. This aligns with Ayvens' broader goal of creating sustainable value for all its stakeholders, including clients, society, employees, and shareholders.

Ayvens projects a significant long-term growth potential in the used car lease market, driven by electrification. The company anticipates a 13% Compound Annual Growth Rate (CAGR) over 2026-2029, aiming to reach a fleet of over 100,000 vehicles as a first milestone. This growth is expected to be supported by the increasing affordability of electric vehicles (BEVs) and the lower maintenance costs associated with them.

In conclusion, Ayvens' 2029 strategic plan outlines a comprehensive roadmap for the company to achieve financial and operational excellence, while also contributing to a more sustainable future. The plan reflects Ayvens' commitment to creating value for all stakeholders and positioning itself as a leader in the evolving automotive and leasing industry.