polish leasing association warsaw, january 2008 leasing market in poland 2008
TRANSCRIPT
Polish Leasing Association
Warsaw, January 2008
Leasing market in Poland 2008
2
Data collected from the following 38 companies:
• Bankowy Fundusz Leasingowy• BISE Atechnet Leasing• BNP Paribas Lease Group• BPH Leasing (HVB Group)• BRE Leasing (Commerzbank Group)• BZ WBK Leasing (AIB Group)• Caterpillar Financial Services Poland• DaimlerChrysler Services Leasing• De Lage Landen Leasing• Deutsche Leasing Polska• Europejski Fundusz Leasingowy (Credit
Agricole Group)• Fidis Leasing Polska• Fortis Lease Polska• Getin Leasing• Grenkeleasing• Handlowy-Leasing• IKB Leasing Polska• Immoconsult• ING Lease (Polska) (ING Group)
• Kredyt Lease• LHI• Masterlease Polska• Millennium Leasing (Banco • NL Leasing Polska• NOMA 2• Nordea Finance Polska • ORIX Polska• PEKAO Leasing• Raiffeisen Leasing Polska • Renault Credit Polska• Scania Finance Polska• SEB Leasing POlska• SG Equipment Leasing Polska• SGB-Trans-Leasing PTL• Siemens Finance• VB Leasing Polska (Volksbank Group)• VFS Usługi Finansowe Polska• Volkswagen Leasing Polska
3
Estimated total net value of movables & real estateleased 1997 – 2007 (bln PLN)
0
5
10
15
20
25
30
35
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Movables Real estate
32,647
4
Value of leasing outstandings in Polandat 31 December 2007
11,129
37,501
0
5
10
15
20
25
30
35
40
Movables Real estate
(estimated value – 48,63 bln PLN)
5
Structure of leasing outstandings in Polandat 31 December 2007
Portfolio structure
77,12%
22,88%
Movables Real estate
Movables structure
29,86%
1,58%
2,01%
0,77%
21,22%
44,60%
Road transport vehicles excl. passenger cars
Passenger cars
Machines and industrial equipment
Computers and business machines
Rail, ships, aircraft
Other
6
Leasing share in investments in Poland 2000-2007
13,80
17,30
6,79 6,32 7,57
10,00
11,97 12,37
0
2
4
6
8
10
12
14
16
18
20
2000 2001 2002 2003 2004 2005 2006 2007
%
estimated
7
Movables leasing share in investments on fixed assets
(except buildings) in Poland 2000-2007
33,84
27,02
12,1311,05
14,67
20,2722,05
22,92
0
5
10
15
20
25
30
35
40
2000 2001 2002 2003 2004 2005 2006 2007
%
estimated
8
Total net value of movables leased in years 1997 – 2007 (in bln PLN)
29,6
19,6
13,812,3
10,5
7,56,3
7,86
4
8
0
5
10
15
20
25
30
35
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
9
Movables analysis by type of assetsin years 1999 – 2007
0
10
20
30
40
50
60
70
80
Road transport vehicles Machinery and industrialequipment
Computers and businessmachines
Ships, rail, aircraft Other movables
1999 2000 2001 2002 2003
2004 2005 2006 2007
10
Movables market structure 2006 vs 2007
2006 - 19,79 bln PLN
61,80%
32,70%
2,90%
0,70%
1,90%
Road transport vehiclesMachinery and industrial equipmentComputers and business machinesShips, rail, aircraftOther movables
2007 - 29,6 bln PLN
65,7%
29,9%
2,0%
1,6%
0,8%
Road transport vehiclesMachinery and industrial equipmentComputers and business machinesShips, rail, aircraftOther movables
11
Dynamics of new portfolio movables in Poland 2007 vs 2006
49,60%
59,20%
36,80%
29,60%
0,30%
-5% 5% 15% 25% 35% 45% 55% 65%
Movables
Road transportvehicles
Machines andindustrial equipment
Computers andbusiness machines
Ships, rail, aircraft
12
Share of top 10 companies in movables leasing market in 2007
(estimated total net value – 29,6 bln PLN)
BZ WBK5,8%
Millennium Leasing
6,6%
BRE Leasing8,0%
Raiffeisen Leasing10,8%
EFL12,6%
Other33,9%
Fortis Lease3,9% Bankowy Fundusz
Leasingowy4,3%
BPH Leasing4,4%
VB Leasing5,4%
SG Equipment4,3%
13
Estimated total net value of road transport vehicles leased in years 1997 – 2007 (in million PLN)
12220
19452,8
8850
350032002000
4500 4300 5100
7600
8800
0
5000
10000
15000
20000
25000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
14
Analysis by type of assets in road transport vehicles leasing market in 2007
(estimated total net value – 19,45 bln PLN)
15
Share of top 10 companies in road transport vehicles leasing market in 2007
(estimated total net value – 19,45 bln PLN)
Bankowy Fundusz Leasingowy
4,2%
VB Leasing5,6%
BPH Leasing4,6%
BZ WBK5,6%
Volkswagen Leasing
3,6%
Fortis Lease 3,4% Millennium Leasing
6,4%
BRE Leasing9,2%
Raiffeisen Leasing11,6%
Other31,8%
EFL14,0%
16
Estimated total net value of passenger cars leased in years 1997-2007 (in million PLN)
600
1450
4350
7311,8
2800
25
700
4035175
30
0
1000
2000
3000
4000
5000
6000
7000
8000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
17
Share of top 10 companies in passenger cars leasing market in 2007
(estimated total net value – 7,31 bln PLN)
EFL19%
Other24%
Raiffeisen Leasing14%
BRE Leasing10%
Volkswagen Leasing8%
BZ WBK6%
Masterlease Polska6%
Millennium Leasing2%
Daimler-Chrysler Leasing
4%
VB Leasing3%
BPH Leasing5%
18
Estimated total net value of machines and industrial equipment leased in years 1997-2007 (in million PLN)
1900 2100 22001900
24502850
6478
8861,5
4260
2000
1200
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
19
Analysis by type of assets in machinery and industrial equipment leasing market in 2007 (estimated total net value – 8,86 bln PLN)
20
Share of top 10 companies in machines and industrial equipment leasing market in 2007
(estimated total net value - 8,86 mld PLN)
Other32,7%
Raiffeisen Leasing9,9%EFL
10,7%
Deutsche Leasing4,1%
CaterpillarFinancial4,7%
BZ WBK Finance6,7%
Millennium Leasing
7,1%
SG Equipment7,8%
Fortis Leasing4,7%
VB Leasing5,3%
BRE Leasing6,2%
21
Estimated total net value of computers and business machines leased in years 1997 – 2007 (in million PLN)
330300
325
370
476,5
310
340
245
370 380340
0
100
200
300
400
500
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
22
Analysis by type of assets in computers and business machines leasing market in 2007
(estimated total net value – 476,5 mln PLN)
23
Share of top 10 companies in computers and business machines leasing market in 2007
(estimated total net value – 476,50 mln PLN)
RaiffeisenLeasing
5,9%
ING Lease3,7%
Millennium Leasing
4,5%
BNP Paribas2,7%
Other23,1%
Grenkeleasing6,6%
Fortis Lease8,6%
Kredyt Lease10,2%
EFL10,4%
SG Equipment Leasing11,7%
BPH Leasing12,6%
24
Total net value of real estate leased in years 1997 – 2007 (in bln PLN)
3,05
2
2,4
1,9
0,6
0,8
1,351,2
1
0,04
1,7
0
0,5
1
1,5
2
2,5
3
3,5
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
25
Real estate market structure 2007 vs 2006
26
Share of top 10 companies in real estate leasing market in 2007
(estimated total net value – 3,05 bln PLN)
Millennium Leasing2%
Raiffeisen Leasing5%
ING Lease46%
LHI Leasing18%
BRE Leasing13%Fortis Lease
7%
Bankowy Fundusz Leasingowy
4%
BZ WBK Finance1,6%
Immoconsult2%
Pekao Leasing0%
Other1%
27
Europe’s new portfolio leasing market in 2005 – 2006 (in bln Euro)
49
44
5048
36
21,8
33,4
8,54
21,2
4
16,5
28,7
56,3
5,56
55
0
10
20
30
40
50
60
Great Britain Germany Italy France Spain Poland CEE
2005 2006 2007
Source: Leaseurope and PLA
28
Europe’s vs Polish leasing market Dynamics of new portfolio in Poland and EU
48,10%
39,00%
29,90%
22,57%21,50%17,00%
15,31%13,75%7,23%7,50%
0%
10%
20%
30%
40%
50%
60%
PolandEU
Source: Leaseurope and PLA
2003 vs 2002
2004 vs 2003
2005 vs 2004
2006 vs 2005
2007 vs 2006
(forecast)
29
1,20%1,30%
1,60%
1,90%
2,40%
0,00%
0,50%
1,00%
1,50%
2,00%
2,50%
3,00%
2003 2004 2005 2006 2007(estimated)
Share of Polish leasing in Leaseurope’s leasing market 2003 – 2007
Source: Leaseurope and PLA
30
• A measure of Polish leasing professional’s expectations in relation to the state of the general Polish economy (macroeconomic environment), the leasing sector and the situation inside leasing companies
• The individual activity component (microeconomic environment). consists of 3 factors: turnover, contracts, employees, financial results
• Polish leasing companies, for the third time already, take part in edition of the Polish Leasing Barometer. It is based on the methodology for computing the European Leasing Barometer. Leaseurope creates ELB for various clusters and countries, there for it should not be examined in isolation.
Polish Leasing Barometer An indicator of confidence of Polish lessors
31
Evolution of the Polish Leasing Barometer in 2007
Source: Leaseurope
65
82 80
0
10
20
30
40
50
60
70
80
90
Feb-07 Jun-07 Dec-07
Feb-07
Jun-07
Dec-07
32Source: Leaseurope
European comparison of various December edition Leasing Barometers
33
Evolution of Polish Leasing Barometer
components in 2007
58
85
71
79
8792
57
75 76
0
10
20
30
40
50
60
70
80
90
100
Macroeconomicenvironment
Leasing sector Individual Activity
Feb-07June-07Dec-07
Source: Leaseurope
34
Evolution of the individual activity component in 2007
878388
58
757583
60
38
70
42
0102030405060708090
100
Feb-07 June-07 Dec-07
Turnover Contracts Employees Fin. Results
Source: Leaseurope
35
December Polish Leasing Barometer components compared to CEE and Europe
5
41
71
32
61
92
45
58
76
0
10
20
30
40
50
60
70
80
90
100
Macroeconomicenvironment
Leasing sector Individual Activity
European LB CEE LB Polish LB
Source: Leaseurope
36
Polish Leasing Association
Polish Leasing Association Office:
Warsaw, Rejtana 17
Tel.: (22) 542 41 36/39
Fax: (22) 542 41 37
E-mail: [email protected]
www.leasing.org.pl