Avis Budget Group, Inc (CAR) 2012年年度报告「NASDAQ」.pdf

1、 March 25,2013 Dear fellow shareholders:Im pleased to report that Avis Budget Group delivered record results in 2012.Our success stems from a healthy operating environment in much of the world along with significant achievements against our global strategic plan.We made great strides in accelerating

2、 profitable growth,expanding our global footprint,enhancing our customer experience and driving efficiency throughout our organization.These efforts contributed to:record revenue of$7.4 billion,a 25%increase from 2011;record Adjusted EBITDA of$840 million,an increase of 38%,excluding certain items1;

3、growth in all three of our reporting segments North America,International and Truck Rental;further expansion of our margins;record earnings per share;and an 85%increase in our stock price.In fact,our stock price has more than doubled since the start of 2012.These results are the product of a dedicat

4、ed and talented workforce that has been focused on our strategic plan designed to capitalize on profitable growth opportunities throughout the world.Id like to highlight a few of our key accomplishments.Accelerating Profitable Growth:Our operating,sales and marketing initiatives around the world hel

5、ped win new customers,enhanced our customer-loyalty efforts and strengthened our globally recognized brands.We made great strides against our growth objectives for small business,ancillary revenue and cross-border travel,which continue to be among our most profitable sources of revenue.We launched t

6、he first of our exciting Customer Relationship Management initiatives and expect that this will boost our revenue and customer-loyalty efforts in 2013.Expanding our Global Footprint:One of our key priorities has been to expand Budgets presence in Europe,one of the many growth opportunities we foresa