Some of Australia’s largest employers choose us again and again and again. Smartgroup is a public company listed on the Australian Securities Exchange, and is one of Australia’s most experienced providers managing over 358,000 salary packages and over 85,000 novated leases. The company manages 360,500 packages, with organic growth of some 1,500 packages in 2020. Profit after tax fell 20 percent to $65.2 million for the year, and revenue fell 13% to $216.3 million, compared with the year earlier. Smartgroup reported novated leases under management fell 3% to 66,700 compared with the year earlier. -Two small Victorian health contracts not renewed -Yet new business has more favourable pricing -Risk remains for ASIC placing lower cap on trailing commissions Autopia, based in Sydney, provides novated leasing to a corporate client base that includes over 300 employer clients. Smartgroup had a 100% success rate renewing or extending all of its top 20 contracts that were up for renewal during the year. In addition, yields fell 6%, resulting from both a shift towards customers refinancing their existing vehicles, rather than leasing new vehicles, and the previously announced insurance partner re-pricing effective 1 July 2020, Smartgroup reported. We are cautiously optimistic that client on-site activities will increase through 2021.”. decline in novated lease volumes was the key driver of lower revenue in 2020. We welcome our new customers and look forward to supporting your employee benefits program through our specialist providers. Fully Maintained Novated Lease… Top 10 novated lease vehicles for 2020. A novated lease allows an employee to pay for their car lease out of their pre-tax dollars (thereby earning a tax break). Phone: +61 1300 554 474 (toll free within Australia) Email: [email protected] Fax: +61 2 9287 0303 Fax: +61 2 9287 0309 (for proxy voting) Smartgroup generates revenue by administrating salary packaging on behalf of employers that offer it and through novated leases. “For the next 12 months, we will be focused on enhancing customer experience to build loyalty, as well as improving our digital capabilities to reduce our cost to serve,” Smartgroup said in its profit report. On the Custom Fleet website they claim 100,000 vehicles under management in Australia and New Zealand. “Our simplification program continues to remove complexity across our business. Smartgroup has made another acquisition (the 10th since 2001) by entering into an agreement to acquire 100% of Autopia for $36 million. Novated leasing simplified. As a new or existing Advantage customer, you have access to the Smartleasing products, highly competitive pricing and advance technology service solutions. Let’s start by aligning you with your Smartgroup industry specialist. In 2015, Smartgroup reported revenue of $91.8 million, up 25 per cent on the previous year, and net profit after tax up 51 per cent to $26.2 million. Smartgroup is also forecasting a number of salary packages and novated leases under management in line with the first half of 2020. Corporate Governance Statement The 2020 Corporate Governance Statement is … Find out more. ... Novated lease yields were 2% lower than H1 2019 due to an increase in the proportion of customers refinancing their lease, generally for a further 12-24 months, rather than starting a lease on a new vehicle. The number of fleet vehicles under management increased 4 percent to 24,900 on the year earlier. Can novated leasing be cheaper than a car loan or cash? As the pandemic took effect, we moved quickly to focus on providing high quality service to our customers remotely and implementing cost containment measures,” said CEO Tim Looi, in a statement to the Australian Stock Exchange, adding, “This, combined with our simplification program, resulted in a good operational and financial performance for the year. Top 10 novated lease vehicles for 2020. One provider, maximum employee benefits Smartgroup’s employee remuneration and benefits services provide efficient and easy-to-access solutions in payroll administration, salary packaging, novated leasing and share plan administration. Profit after tax rose five percent to $40.5 million for the six months ended June 30 compared with the same period a year earlier. A novated lease allows users to easliy switch to a new car every three to five years. Smartgroup, one of Australia’s four listed fleet management and novated lease providers, posted a rise in full-year revenue and profit and said it’s still keen on acquisitions to expand. View the infographic below, to learn more about how novated leasing compares to other forms of finance. FAN estimates that Summit Fleet Lease have 40,000, ORIX have 35,000 and Fleetcare 30,000 vehicles all split between novated leases, fully maintained operating leases and fleet managed. Senior management changes at Summit Fleet Leasing, Purpose built loader increases productivity, Company based in Orange NSW will build 2,000 electric Landcruisers, Eclipx’s profit increase helped by used car prices, Toyota Corolla is still a Fit for Purpose fleet favourite. Smartgroup reported novated leases under management fell 3% to 66,700 compared with the year earlier. Chief executive Deven Billimoria joined the company in 2000 and became CEO in 2002. Smartgroup’s novated leasing volumes have continued to grow, despite the downturn in private new vehicle sales • Smartgroup has increased its total novated leasing volumes in CY 2019 by c.4% versus pcp with its new vehicle novated leasing volumes remaining flat in … A 14% decline in novated lease volumes was the key driver of lower revenue in 2020. Looi said the group is off to a good start in 2021. Blog; About Deven; Archive for the 'Novated Leases' Category Celebrating 60,000 Smartleases Published November 30, 2015 Announcement, Business Update, Novated Leases Closed “This is my first novated lease. Smartgroup brands include smartleasing, smartfleet, and Autopia. New vehicle sales (the key driver in any one year for novated lease sales) are down over 20% this year. Smartgroup Corporation Ltd 2020 Half Year Report for the period ending 30 June 2020. As well as novated leasing, choose to offer employees a full suite of salary-packaging benefits, including superannuation, laptops, and meal entertainment. We asked our customers to join us on Facebook and tell us why they love their novated lease, here's what they said! But these new partnerships extend that work to specific projects in South Australia and … Together, we’ve helped plant the equivalent of over 2.4 million trees, removing more than 675,000 tonnes of carbon from the atmosphere. Our customer focused culture and longstanding relationships underpin our high client retention rate and position us well for future success.”, 2015 Fleet Auto News | Disclaimer | Web Design By Pastiche Design, Smartgroup cites COVID for declines in 2020 profits and revenue. Find out more about novated leasing and salary packaging with Smartgroup by following the links below to the specialist provider that best matches your organisation. The novated leasing and salary packaging group posted a 63 percent increase in net profit to $30.3 million for its first half, the six months ended June 30. The results were in line with guidance provided by the company earlier in the year. Smartgroup reported novated leases under management fell 3% to 66,700 compared with the year earlier. Manage or increase the budget for your car via your online account. The repayments are taken out of your pre-tax income every pay cycle in agreed repayments, and you can save GST on the purchase price of the vehicle if new. PRIVATE buyers voted the Ford Ranger their most popular choice in 2020 as data from Australia’s fleet industry showed novated lease vehicles picked by … Deven Billimoria's Blog. Novated leases have been a way for employees to regularly change cars. Who is Smartgroup? We believe this is an opportunity to buy Smartgroup at an attractive price (11 times free cash flow, 6% dividend yield). Operating within Smartgroup are specialist providers of salary packaging and novated leasing, who are waiting to provide the dedicated support you need for your employee benefits program. The number of fleet vehicles under management increased 4 percent to 24,900 on the year earlier. 4th generation Kia Carnival – How does it drive? On the bright side, Smartgroup declared a final dividend of 17.5 cents a share and a special dividend of 14.5 cents. ... Smartgroup general manager of vehicle operations Craig Adamson said vehicle supply might change how the top-10 list looks in 2021. In addition, he said that novated leasing leads were 15% higher in January 2021 than their monthly average during the second half of 2020. Autopia, based in Sydney, provides novated leasing to a corporate client base that includes over 300 employer clients. It's super convenient and easy to do. Autopia is dedicated to the corporate sector, having delivered novated leasing solutions, backed by highly personalised service, since 2004. How … A 14% decline in novated lease volumes was the key driver of lower revenue in 2020. Smartgroup offers a variety of services, including outsourced salary packaging, novated leasing and payroll services. However, the company did onboard a new health client in late 2020, resulting in an additional 3,500 packages, and added to the novated leasing panel for 4 government departments. Here's how we saved Dianne from Canterbury $7,754 on the purchase price of her new Golf. A Novated Lease from FleetPlus is a three-way financial arrangement between you as an employee, ASG and FleetPlus. This is a slowing from … Posts about Novated Leases written by ceosmartsalary. We welcome our new customers and look forward to supporting your employee benefits program through our specialist providers. Read more about Smartgroup » … “Smartgroup continues to grow salary packages and novated leases both organically and through acquisition,” the company said in a report to the Australian Stock Exchange. Smartgroup reported novated leases under management fell 3% to, compared with the year earlier. Unrivalled customer service … Smartgroup’s carbon offset program has enabled novated leasing customers to fund the planting of trees that, over time, will offset the carbon emitted by their cars. Not for Profits; Healthcare providers; Corporate Organisation; Government Sector; Education Providers; What We Do. News & Announcements; Awards; Who We Help. Smartleasing customers include the Department of Defence, WA Health, Queensland Government and Westpac. Smartgroup is an Australian company listed on the Australian Securities Exchange. Smartgroup posted a 46 percent surge in net profit after tax to $64.1 million for the year ended December 31, compared with a year earlier. The Smartgroup Corporation Ltd share price ... and added to the novated leasing panel for 4 government departments. Most of them were diesel dual-cab utes fitted with adventure accessories included in the novated lease. SUVs and utes dominate the private-buyer choices as hatchbacks disappear. Novated leasing in a nutshell A novated lease is one of the most cost effective and easiest ways to buy and run a car, and you don’t need to be earning a huge salary! That was on the back of a whopping 57 percent increase in revenue to $95 million. With the … This compares with fellow novated leasing firm McMillan Shakespeare Ltd at $389.6 million for the 2014-2015 full year and net profit of $67.5 million, up 22.7 per cent on the previous financial year. Frank Agostino, General Manager at WA based novated lease provider FleetNetwork, shared that seven vehicles in their top 10 were 4X4 vehicles designed to take novated lease buyers off-road to explore and enjoy local holidays in 2021. Smartgroup has made another acquisition (the 10th since 2001) by entering into an agreement to acquire 100% of Autopia for $36 million. Smartgroup operated much of 2020 with reduced client on-site activities, traditionally a strong channel that generates interest and demand for our services. They are using a novated lease to buy the car of their dreams with the accessories to match their lifestyle. “It has been a good half year for the group,” said Deven Billimoria, Smartgroup CEO. More recently, the stock price has increased six-fold while the company's paid a growing stream of dividends since the company listed at $1.50 in July 2014. By not using your savings or taking out a car loan, you could save up to $12,000 over the life of the lease ~. One of its main segments is novated leasing, which allows employees to lease their car through their employer and pay down lease payments with pre … “Smartgroup’s novated leasing volumes have continued to grow, despite the nine percent downturn in private new vehicle sales,” the company said in a presentation to investors, announcing its first-half results. “For the next 12 months, we will be focused on enhancing customer experience to build loyalty, as well as improving our digital capabilities to reduce our cost to serve,” Smartgroup said in its profit report. The number of fleet vehicles under management increased 4 percent to 24,900 on the year earlier. “We are scheduled to onboard another health client with approximately 8,000 packages in Q2 2021. Smartgroup Corp., a listed fleet management, novated leasing and employee management services group, posted declines in revenue and profit for the full year ended Dec 31, citing the challenging economic conditions brought in by COVID for the drops, particularly on its novated leasing business. As your taxable income is reduced, you could even end up paying less tax. Smartgroup has grown. Smartgroup Corp has proved resilient in the first half of 2019, recording growth in novated leasing and salary packaging despite a difficult macro environment. We’ll work with you to build an effective program, and fully mange its administration, keeping you free to spend more time on other meaningful work. Smartgroup is a public company listed on the Australian Securities Exchange, and is one of Australia’s most experienced providers managing over 340,000 salary packages and over 85,000 novated leases. A similar number of contracts are up for renewal in 2021. Smartgroup is pleased to announce the acquisition of Autopia, a highly-regarded novated leasing specialist servicing the corporate sector. At Smartgroup, we: • are trusted by educational institutions to deliver salary packaging and novated leasing to teachers and education professionals working in primary, secondary and tertiary institutions • partner with clubs and associations eligible for the same salary packaging and novated leasing benefits as some educational institutions General Shareholder Enquiries. “As the pandemic took effect, we moved quickly to focus on providing high quality service to our customers remotely and implementing cost containment measures,” said CEO Tim Looi, in a statement to the Australian Stock Exchange, adding, “This, combined with our simplification program, resulted in a good operational and financial performance for the year.”. Lease & Asset Finance P/L recently agreed to sell parts of its business (including Motorpac) to Smartgroup Corporation Limited (Smartgroup). “We have continued to … Our customer focused culture and longstanding relationships underpin our high client retention rate and position us well for future success. Given the substantial fall in private vehicle sales seen throughout 2018, in our view, the risk of owning Smartgroup (SIQ.ASX) into the result was greater than it has been for past periods given they are a provider of salary packaging and novated car leases. It's all at your fingertips.. The smart way to manage your car budget. For over 12 years, Smartgroup has worked with Greenfleet to provide our customers with a way to offset emissions from their novated lease vehicles and make a real difference to the environment. Compared to prior years, Smartgroup’s salary packaging customer numbers did not experience the same level of organic growth. Smartgroup’s novated leasing customers have been offsetting their vehicle emissions with Greenfleet for over 12 years. You certainly don't imagine a salary packaging and novated lease company like Smartgroup. “Our simplification program continues to remove complexity across our business. In the annual reports of parent company Element Fleet … We attribute our growth to an unwavering commitment to making novated leasing simple for all our customers, both employers and employees. Packaging up the Smartgroup result. The number of fleet vehicles under management increased 4 percent to 24,900 on the year earlier. The acquisition was announced on 4 July 2016 and consolidates Smartgroup's capability to deliver this sought-after employee benefit to corporate organisations across Australia. I had no idea that I was even in the running to win so it was a huge surprise when I found out!” Winner … Or simply contact us now, and we’ll be in touch. Smartgroup currently comprises a number of businesses with deep expertise in employee benefit programs including Novated Leasing services by Smartleasing. Yes. We recently established a position in Smartgroup, a novated lease and salary-packaging company. The new Genesis G80 luxury sedan – we drove it at the launch last year, 2020 Toyota Hilux SR5 – We take it off-road, Honda HR-V RS – Double-depth cup holders are the must have accessory. SUVs and utes dominate the private-buyer choices as hatchbacks disappear. A 14% decline in novated lease volumes was the key driver of lower revenue in 2020. We have a comprehensive and complementary product suite providing salary packaging, novated leasing, fleet management, payroll administration, share plan administration and workforce optimisation services. Further, novated leasing leads and the mix of new leases versus refinanced leases are both improving. Thoughts from Deven, CEO of Smartgroup Corporation. Smartleasing is one of the largest providers of novated leases in the country, helping people working in the not-for-profit, government, heath and corporate sectors with a better car experience. Blog; About Deven; Archive for the 'Novated Leases' Category Next Entries » Video update: 2011 Federal Budget Published May 11, 2011 2011-12 Budget, Business Update, Carbon Emissions, Customer Updates, Henry tax review, Legislative Changes, Novated Leases … With this weak industry backdrop, Smartgroup’s share price has fallen by 40%. Smartgroup operates through a portfolio of brands including … Until now, that work has taken place mainly in the eastern states through our long-term partner, Greenfleet. Thoughts from Deven, CEO of Smartgroup Corporation. Hassle-free novated leasing. We welcome our new customers and look forward to supporting your employee benefits program through our specialist providers. To download and view Smartgroup's corporate governance policies and charts, please click on the links below. Smartgroup is a public company listed on the Australian Securities Exchange, and is one of Australia’s most experienced providers managing over 340,000 salary packages and over 85,000 novated leases. Smartgroup Managing Director and CEO, Tim Looi, said Smartgroup remains “cautious”, but highlighted the company’s “encouraging” full year profit result and a “positive trend” in novated lease enquiries. Smartgroup companies are leading providers of novated leasing across all sectors, from corporate to government, and not-for-profits, with specialist teams to meet the unique needs of organisations (and their employees).

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