SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Press Release: FLEETCOR Reports Fourth Quarter -5-

· 02/04/2021 16:06
CONTACT: Investor Relations(Unaudited) Key Performance Revenues, net Metric --------------------- --------------- Three Months Three Months Ended Ended December December 31, 31, --------------------- --------------- 2020* 2019* 2020* 2019* ------------ ------- ------ ------- FUEL-TRANSACTIONS --------------------------- Pro forma and macro adjusted $270.4 $299.3 110.4 126.4 Impact of acquisitions/dispositions - - - - Impact of fuel prices/spread (6.3) - - - Impact of foreign exchange rates (3.9) - - - ----- --- ----- ------ ------- As reported $260.2 $299.3 110.4 126.4 ===== ==== ===== ====== ======= CORPORATE PAYMENTS- SPEND --------------------------- Pro forma and macro adjusted $114.4 $121.4 17,585 18,630 Impact of acquisitions/dispositions - - - - Impact of fuel prices/spread (0.2) - - - Impact of foreign exchange rates 0.7 - - - ----- ---- ----- ------ ------- As reported $115.0 $121.4 17,585 18,630 ===== ==== ===== ====== ======= TOLLS- TAGS --------------------------- Pro forma and macro adjusted $100.2 $ 93.3 5.6 5.3 Impact of acquisitions/dispositions - - - - Impact of fuel prices/spread - - - - Impact of foreign exchange rates (23.7) - - - ----- --- ----- ------ ------- As reported $ 76.5 $ 93.3 5.6 5.3 ===== ==== ===== ====== ======= LODGING- ROOM NIGHTS --------------------------- Pro forma and macro adjusted $ 56.6 $ 75.0 5.8 6.4 Impact of acquisitions/dispositions - (10.8) - - Impact of fuel prices/spread - - - - Impact of foreign exchange rates - - - - ----- ---- ----- ------ ------- As reported $ 56.6 $ 64.2 5.8 6.4 ===== ==== ===== ====== ======= GIFT- TRANSACTIONS --------------------------- Pro forma and macro adjusted $ 46.4 $ 47.7 331.7 381.5 Impact of acquisitions/dispositions - - - - Impact of fuel prices/spread - - - - Impact of foreign exchange rates - - - - ----- ---- ----- ------ ------- As reported $ 46.4 $ 47.7 331.7 381.5 ===== ==== ===== ====== ======= OTHER(1) - TRANSACTIONS --------------------------- Pro forma and macro adjusted $ 64.3 $ 72.9 9.9 14.6 Impact of acquisitions/dispositions - - - - Impact of fuel prices/spread - - - - Impact of foreign exchange rates (1.6) - - - ----- --- ----- ------ ------- As reported $ 62.7 $ 72.9 9.9 14.6 ===== ==== ===== ====== ======= FLEETCOR CONSOLIDATED REVENUES --------------------------- ------ ------- Pro forma and macro Intentionally adjusted $652.2 $709.7 Left Blank --------------- Impact of acquisitions/dispositions - (10.8) ------ ------- Impact of fuel prices/spread(2) (6.5) - Impact of foreign exchange rates (28.4) - ----- --- ----- As reported $617.3 $698.9 ===== ==== ===== ------ ------- * Columns may not calculate due to rounding. (1) Other includes telematics, maintenance, food, transportation and payroll card related businesses. (2) Revenues reflect an estimated $6 million net negative impact of fuel prices and fuel price spreads, where lower fuel prices had an estimated $9 million negative impact and higher fuel spreads had an offsetting $3 million favorable impact. Exhibit 6 RECONCILIATION OF NON-GAAP GUIDANCE MEASURES (In millions, except per share amounts) (Unaudited) The following tables reconcile first quarter and full year 2021 financial guidance for net income to adjusted net income and adjusted net income per diluted share, at both ends of the range. Q1 2021 GUIDANCE ---------------------- Low* High* ----------- --------- Net income $ 170 $ 190 Net income per diluted share $ 2.00 $ 2.20 Stock based compensation 14 14 Amortization of intangible assets, premium on receivables, deferred financing costs and discounts 48 48 Other 4 4 ------ ----- Total pre-tax adjustments 66 66 Income tax impact of pre-tax adjustments (14) (14) ------ ----- Adjusted net income $ 222 $ 242 ====== ===== Adjusted net income per diluted share $ 2.60 $ 2.80 Diluted shares 86 86 ---------------------------------------------- ------ ----- 2021 GUIDANCE ---------------------- Low* High* ----------- --------- Net income $ 810 $ 890 Net income per diluted share $ 9.40 $10.20 Stock based compensation 71 71 Amortization of intangible assets, premium on receivables, deferred financing costs and discounts 189 189 Other 15 15 ------ ----- Total pre-tax adjustments 275 275 Income tax impact of pre-tax adjustments (63) (54) ------ ----- Adjusted net income $ 1,020 $1,110 ====== ===== Adjusted net income per diluted share $ 11.90 $12.70 Diluted shares 87 87 * Columns may not calculate due to rounding.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204006088/en/

Jim Eglseder, 770-417-4697

Jim.Eglseder@fleetcor.com

(END) Dow Jones Newswires

February 04, 2021 16:06 ET (21:06 GMT)