Release Date: February 05, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: What is driving the expected acceleration in vehicle payments growth for 2025? A: Ronald Clarke, CEO: The acceleration is driven by strong performance in Brazil and improvements in U.S. prepayments. Brazil remains robust, and the U.S. has turned a corner, contributing to the expected growth.
Q: Can you provide more details on the Gringo acquisition and its financial profile? A: Sanjay Sakhrani, KBW Analyst: Gringo, along with last year's Zapay acquisition, will contribute over 10% of Brazil's total revenue, growing much faster than the rest of the business. The acquisition is in early stages of digital penetration, with a significant runway for growth.
Q: What could drive upside from the current guidance, and is Gringo included in the 2025 numbers? A: Ronald Clarke, CEO: Gringo is not included in the 2025 numbers as it hasn't closed yet. Upside could come from macro improvements, capital allocation, or adding Gringo to the numbers. Same-store sales assumptions are conservative, providing potential upside.
Q: How are the recent sales changes and rebranding impacting sales momentum? A: Ronald Clarke, CEO: The recent sales changes and rebranding have not yet contributed significantly to sales momentum. The acceleration in sales is primarily due to existing business momentum and some large sales wins in Q4.
Q: What is Corpay's strategy for expanding the payables business into Europe? A: Ronald Clarke, CEO: The strategy involves leveraging existing assets in the UK and Europe, using the new cloud tech for payables, and connecting it to the cross-border product. A team of specialists will be established to market the product, with feedback expected by summer.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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