Leasing market in Poland 2008

Warsaw, January 2009

Members of the Polish Leasing Association

Bankowy Fundusz Leasingowy S.A. BGŻ Leasing Sp. z o.o. BNP Paribas Lease Group Sp. z o.o. BRE Leasing Sp. z o.o.BZ WBK Finanse & Leasing S.A.Caterpillar Financial Services Poland Sp. z o.o.De Lage Landen Leasing Polska S.A.Deutsche Leasing Polska S.A.DnB Nord Leasing Sp. z o.o.Europejski Fundusz Leasingowy S.A. Fortis Lease Polska Sp. z o.o.Handlowy-Leasing S.A.IKB Leasing Polska Sp. z o.o.Immoconsult Polska Sp. z o.o.Immorent Leasing Polska Sp. z o. o. ING Lease (Polska) Sp. z o.o.Kredyt Lease S.A.Masterlease Polska S.A.

Mercedes-Benz Leasing Polska Sp. z o.o.Millennium Leasing Sp. z o.o. NOMA 2 Sp. z o.o.Nordea Finance Polska S.A.ORIX Polska S.A.PEKAO Leasing Sp. z o.o.PEAKAO Leasing i Finanse S.A.Raiffeisen Leasing Polska S.A.Scania Finance Polska Sp. z o.o.SEB Leasing Polska Sp.z o.o.SG Equipment Leasing Polska Sp. z o.o.SGB-Trans-Leasing PTL Sp. z o.o.Siemens Finance Sp. z o.o.VB Leasing Polska Polska S.A.VFS Usługi Finansowe Polska Sp. z o.o.Volkswagen Leasing Polska Sp. z o.o.Watin Leasing & Finance S.A.Polski Związek Wynajmu i Leasingu Pojazdów

0

5

10

15

20

25

30

35

Total net value of movables leased in 1997-2008 (PLN bn)

Source: PLA

33,1■ Movables

■ Real Estates

Increase of 1 %

3,273,05

2

2,4

1,9

0,60,8

1,351,2

1

0,04

1,7

0

0,5

1

1,5

2

2,5

3

3,5

Total net value of the real estate market 1997-2008 (PLN bn)

Increase of 7 %Source: PLA

■ Retail outlets■ Industrial■ Office builddings ■ Hotels and leisure■ Other

3,05 mld 3,27 mld

Real estate market structure 2007 vs. 2008

Source: PLA

Real estate leasing market share per company2008

* Pekao Leasing Sp. z o.o. and Pekao Leasing i Finanse S.A.** BZ WBK Finance & Leasing S.A. and BZ WBK Leasing S.A*** ING Lease and ING Car Lease.

Source: PLA

29,829,6

19,6

13,812,3

10,5

7,56,3

7,86

4

8

0

5

10

15

20

25

30

35

Total net value of the movables leasing market 1997-2008 (PLN bn)

Increase of 1 %

Source: PLA

Movable market share per asset type 2007 vs. 2008

■ Road transportation

■ Machinery & industrial equipment ■ Computers and office equipment

■ Railway, aircrafts, ships■ Other

2007 – 29 596,6 mn 2008 – 29 790,8 mn

Source: PLA

Movable leasing market dynamics (2008 vs. 2007)

17,8

-10,8

12,8

10,4

-3,9

11,3

0,7

-15 -10 -5 0 5 10 15 20

Vehicles

Machinery & industrial equipment

IT

Railway, aircrafts, ships

Other

Movables

Passenger cars

Source: PLA

Top 10 companies share in the movable leasing market in 2008

* Pekao Leasing Sp. z o.o. i Pekao Leasing i Finanse S.A.** BZ WBK Finance & Leasing S.A. i BZ WBK Leasing S.A.

Source: PLA

0

5000

10000

15000

20000

25000

Total net value of the vehicles leasing market 1997-2008 (PLN bn)

Market decrease of 3,9 %

Source: PLA

Vehicle leasing market by vehicle type 2007 vs. 2008

■ Passenger cars

■ Commercial < 3,5 t

■ Commercial > 3,5 t

■ Truck tracktors

■ Trailers/semi trailers

■ Buses

■ Other

2007 – 19 452,8 mn 2008 – 18 690,6 mn

Source: PLA

Top ten companies share in the vehicle leasing market in 2008

* Pekao Leasing Sp. z o.o. and Pekao Leasing i Finanse S.A.** BZ WBK Finance & Leasing S.A. and BZ WBK Leasing S.A.

Source: PLA

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

Total net value of the passenger cars leasing market 1997-2008 (PLN mn)

Increase of 11 %

Source: PLA

Top 10 companies share in the passenger cars leasing market in 2008

* Pekao Leasing Sp. z o.o. and Pekao Leasing i Finanse S.A.** BZ WBK Finance & Leasing S.A. and BZ WBK Leasing S.A.*** Futura Leasing S.A. and Prime Car Management S.A.

Source: PLA

0

2000

4000

6000

8000

10000

12000

Total net value of the machinery and industrial equipment leasing market 1997-2008 (PLN mn)

Increase of 10,4 %Source: PLA

Machinery and industrial equipment leasing market per asset type, 2007 vs. 2008

■ Construction

■ Agricultural

■ Printing machines

■ Metal procession and plastic production machines

■ Food industry machines

■ Gastronomic equipment

■ Forklifts

■ Other

2007 – 8 861 mn 2008 – 9 780 mn

Source: PLA

Top 10 comapnies share in the machinery and industrial equipment leasing market in w 2008

* Pekao Leasing Sp. z o.o. and Pekao Leasing i Finanse S.A.** BZ WBK Finance & Leasing S.A. and BZ WBK Leasing S.A.

EFL10%

BRE Leasing7%

Other32%

Millennium Leasing8%

Raiffeisen Leasing 8%

Spółki BZWBK7%

SG Equipment Leasing Polska

7%

Spółki Pekao6%

Siemens Finance5%

VB Leasing 5%

BFL5%

Source: PLA

0

100

200

300

400

500

600

Total net value of the IT leasing market1997-2008 (PLN mn)

Increase of 12,8 %Source: PLA

IT leasing market per asset type 2007 vs. 2008

■ Hardware

■ Software

■ Other

2007 – 476,5 mn 2008 – 537,6 mn

Source: PLA

Top 10 companies share in the IT leasing market in 2008

* Pekao Leasing Sp. z o.o. and Pekao Leasing i Finanse S.A.** BZ WBK Finance & Leasing S.A. and BZ WBK Leasing S.A.*** ING Lease and ING Car Lease

Source: PLA

Movable leasing market outstanding 2008 (PLN bn)

48,5

37,5

0 10 20 30 40 50 60

■ 2007

■ 2008

Increase of 29 %

Source: PLA

Monetary structure of a new movable leasing market 2007 vs. 2008

81,9

72,9

87,1

72,6

90,6

88

83,2

72,5

18,1

27,1

12,9

27,4

9,4

12

16,8

27,5

0 10 20 30 40 50 60 70 80 90 100

Vehicles 2008

Vehicles 2007

Industrial equipmnet 2007

Industrial equipment 2008

IT 2007

IT 2008

Movables 2007

Movables 2008

■ PLN

■ Other

Source: PLA

Monetary structure of a new real estate leasing market 2007 vs. 2008

19,5

30

80,5

70

0 10 20 30 40 50 60 70 80 90 100

2007

2008

■ PLN ■ Other

Source: PLA

15 years of Polish Leasing Association 1994-2009

1994 – The Founders' Assembly, attended by representatives of 21 leasing companies, adopted the Articles of Association of the organisation uniting leasing companies and representing the interests of the industry before public administration and self-government agencies. 2001 – The Association organised an annual Leaseurope Congress in Warsaw. IV 2008 – The Association decided on the accession of Polski Związek Wynajmu i Leasingu Pojazdów (PZWPL) to ZPL and as a result of that accession, a change of the name to Związek Polskiego Leasingu (Polish Leasing Association). PZWiLP was granted a special status of a collective member of ZPL, maintaining its organisational structure and autonomy. XII 2008 – Mieczysław Groszek, Chairman of the Association Executive Committee was chosen to Leaseurope Board of Directors for two years term as a representative of CESEE.

Polish Leasing Association

ul. Rejtana 17, Warszawatel.: (22) 542 41 36fax: (22) 542 41 37

e-mail: zpl@leasing.org.pl

www.leasing.org.pl