1. Market Trends Support Long-term Outsourcing Decisions

   1. Increased vehicle maintenance complexity

   2. High purchase cost of new vehicle technology

   3. Pent-up demand for fleet replacement

   4. Limited credit availability for some private fleet owners

   5. Complexity and dynamic nature of global supply chains

   6. Safety regulations limiting pool of qualified drivers

More information regarding trends for outsourcing can be found in our 2011 Annual Review

2. Key Leading Indicators Support Improving Fundamentals

   1. Declining lease fleet age driving maintenance cost benefit and improved FMS margins

   2. Organic growth of lease fleet resumed in 4Q11

   3. Strong 2012 sales and renewal activity in FMS and SCS

   4. Continued market demand for used vehicles and strong pricing

   5. Growing volumes in supply chain business

                            More information can be found in Key Performance Indicators

3. Strong Brand Position Operating in Large Markets

   1. Leading position in fleet management market

   2. Strong customer reputation for execution in supply chain market

   3. Large non-outsourced market potential in all segments

   4. Leverageable facility network to support growth

   5. Large markets provide opportunities for growth through innovative customer solutions

More information can be found on the Market Position document within Investor Tool Kit

4. Delivering Positive Free Cash Flow Over Business Cycle

   1. Fundamental business model changes result in improved free cash flow

   2. Higher investment in vehicles yields future growth in revenue and earnings

   3. Demonstrated positive and improved free cash flow over business cycle

   4. Strong cash flow generated during recession supports business model

More information can be found on the Free Cash Flow History document within Investor Tool Kit

5. Balance Sheet Positioned to Support Shareholder Value

   1. Substantial access to capital markets to support growth

   2. Balance sheet leverage is in target range

   3. Opportunity to support organic growth, acquisitions and/or share repurchases as appropriate over time

   4. Eight increases in dividend since 2004

                            More information can be found in Debt Profile