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Company Profile of Avis Budget Group

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Pratik Kukreja
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Company Profile of Avis Budget Group - May 2nd, 2011

Company Profile of Avis Budget Group: Avis Budget Group, Inc. (NASDAQ: CAR) operates two of the most recognized brands in the global vehicle rental industry through Avis Rent A Car System, LLC (Avis), Budget Rent A Car System, Inc. (Budget) and Budget Truck Rental, LLC (Budget Truck). Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments.
Avis Budget Group maintains the leading share of airport car rental revenue and operates the second largest consumer truck rental business in the United States.
Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006. The company's headquarters are located in Parsippany, New Jersey.

Avis Budget Group, Inc. (Avis Budget) provides car and truck rentals and ancillary services to businesses and consumers in the United States and internationally. The Company operates two brands in the global vehicle rental industry, through Avis and Budget. Avis is a rental car supplier to the commercial and leisure segments of the travel industry and Budget is a rental car. Avis Budget is a vehicle rental operator in North America, Australia, New Zealand and certain other regions. The Company operates in three segments: domestic car rental, consisting of its Avis and Budget United States car rental operations; international car rental, consisting of the Company’s international Avis and Budget vehicle rental operations, and truck rental, consisting of its Budget truck rental operations in the United States.
Car rental business
The Company operates or franchises approximately 2,200 of the approximately 5,100 rental locations that comprise the Avis car rental system (the Avis System) worldwide. The Avis System include locations at the airports and cities in the United States and internationally. The Avis System in Europe, Africa, the Middle East and parts of Asia is primarily operated under royalty-free license agreements with Avis Europe Holdings, Limited (Avis Europe). It operates approximately 1,300 Avis car rental locations in both the on-airport and local rental segments in North America, Australia, New Zealand, Latin America and the Caribbean. In addition, the Company franchises the Avis System to independent business owners in approximately 900 locations throughout the United States, Canada, Latin America, Australia, New Zealand and parts of Asia. During the year ended December 31, 2009, approximately 95% of the Avis System total domestic revenue was generated by its locations and the remainder was generated by locations operated by independent franchisees.
The Company offers Avis customers a range of services, including Avis Preferred, a counter bypass program, which is available at airport locations; Where2, a navigation system with features, such as Bluetooth hands-free calling, Moving Picture Experts Group layer-3 (MP3) playback capability; Avis Cool Cars, a line of vehicles, which include the Chevrolet Corvette, Chrysler Crossfire and Hummer H3, as well as Nissan Altima and Toyota Prius hybrid vehicles Chevrolet Camaro, Ford Mustang, Cadillac CTS and Chevrolet Corvette; Roving Rapid Return program, a wireless technology, which permits customers who are returning vehicles to obtain a printed charge record from service agents at the vehicle as it is being returned; Avis Access, a range of products and services for drivers and passengers with disabilities; Avis Interactive, a management tool that allows corporate clients to view and analyze their rental activity, through the Internet enabling these clients to manage their travel budgets and monitor employee compliance with applicable travel policies, and Avis First Program, a customer loyalty program that rewards customers with benefits for frequent rentals.
The Budget vehicle rental system (the Budget System) is a car rental. The Company operates or franchises approximately 1,800 of the approximately 2,700 car rental locations in the Budget System worldwide. It operates approximately 770 Budget car rental locations in the United States, Canada, Puerto Rico, Australia and New Zealand. The Company also franchises the Budget System to independent business owners who operate approximately 1,030 locations throughout the United States, Canada, Latin America, the Caribbean and parts of Asia. The Company owns and operates approximately 825 Budget car rental locations in the United States, Canada, Puerto Rico, Australia and New Zealand. The Company also franchises the Budget System to independent business owners who operate approximately 1,025 locations throughout the United States, Canada, Latin America, the Caribbean and parts of the Asia.
Avis Budget maintains a single fleet of vehicles for Avis and Budget. It rents a range of vehicles, including luxury and specialty vehicles. Rentals are generally made on a daily, weekly or monthly basis. Rental charges are computed on the basis of the length of the rental or, in some cases, on the length of the rental plus a mileage charge. Rates vary at different locations depending on the type of vehicle rented, the local marketplace and competitive and cost factors. The Company also offers its customers the option of leaving a rented vehicle at a location in a city other than the one, in which it was rented, although a drop-off charge or special intercity rate may be imposed. Avis Budget facilitates one-way car rentals between corporate-owned and franchised locations in the United States.
The Company competes with Hertz Global Holdings, Inc., Dollar Thrifty Automotive Group; Enterprise Rent-A-Car Company and Europcar.
Truck rental business
Budget’s truck rental business is a one-way truck rental business in the United States. The Budget truck rental business has a fleet of approximately 29,000 trucks, with an average truck age of four years, which is rented through a network of approximately 2,300 dealers and 250 company-operated locations throughout the United States. The Budget truck rental business serves the consumer and light commercial sectors. The consumer sector consists primarily of individuals who rent trucks to move household goods on either a one-way or local basis. The light commercial sector consists of a range of businesses that rent light- to medium-duty trucks, for a variety of commercial applications. Budget truck rental customers can make reservations through the Budget truck rental reservation center at 1-800-GO-BUDGET, through its Budget truck rental Website at budgettruck.com, through the truck link on its budget.com Website or by calling a location directly.
The Company competes with U-Haul International, Inc., Penske Truck Leasing Corporation, Ryder System, Inc. and Enterprise Rent-A-Car.


OVERALL
Beta: 5.02
Market Cap (Mil.): $1,988.84
Shares Outstanding (Mil.): 104.90
Annual Dividend: --
Yield (%): --
FINANCIALS
CAR.O Industry Sector
P/E (TTM): 54.93 14.01 17.05
EPS (TTM): 173.10 -- --
ROI: 0.59 1.17 3.26
ROE: 17.09 4.19 5.84

Statistics:
Public Company
Incorporated: 1987 as Team Rental Group Inc.
Employees: 12,000
Sales: $1.30 billion (1997)
Stock Exchanges: New York
Ticker Symbol: BD
SICs: 4119 Local Passenger Transportation, Not Elsewhere Classified; 5271 Mobile Home Dealers; 5521 Motor Vehicle Dealers (Used Only); 5561 Recreational Vehicle Dealers; 5571 Motorcycle Dealers; 6719 Holding Companies, Not Elsewhere Classified; 7513 Truck Rental & Leasing without Drivers; 7514 Passenger Car Rental; 7515 Passenger Car Leasing; 7519 Utility Trailer & Recreational Vehicle Rental

Name Age Since Current Position
Nelson, Ronald 58 2010 Chairman of the Board, President, Chief Executive Officer, Chief Operating Officer
Salerno, F. Robert 59 2010 Vice Chairman of the Board
Wyshner, David 43 2007 Chief Financial Officer, Executive Vice President
Servodidio, Mark 45 2010 Executive Vice President, Chief Administrative Officer
Tucker, Michael 53 2010 Executive Vice President, Chief Compliance Officer, General Counsel
Gartland, Thomas 53 2008 Executive Vice President - Sales & Marketing
Deaver, W. Scott 59 2006 Executive Vice President - Strategy and Pricing
Siniscalchi, Patric 61 2006 Executive Vice President - International Operations
De Shon, Larry 51 2006 Executive Vice President - Operations
Martins, Izilda 39 2010 Vice President, Acting Chief Accounting Officer
Coleman, Leonard 62 2003 Presiding Independent Director
Edelman, Martin 69 1997 Independent Director
Sweeney, Stender 72 2006 Independent Director
Krominga, Lynn 60 2006 Independent Director
Choksi, Mary 60 2007 Independent Director
Hardy, John 67 2008 Independent Director
Mestre, Eduardo 62 2008 Independent Director

COMPANY ADDRESS
Avis Budget Group Inc
6 Sylvan Way
Parsippany NJ 07054
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Last edited by bhautik.kawa; July 18th, 2016 at 04:39 PM..
   
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