General Finance Corporation (GFN) 2018年年度报告「NASDAQ」.pdf

1、39 East Union Street,Pasadena,California 91103October 25,2018Dear fellow stockholders,The General Finance Corporation team continues to deliver great results in executing our long-term growth strategy.The chart following shows the capital markets rewarding these results,and in fiscal year 2018 our c

2、ommon stockoutperformed the Russell 2000 Index and S&P SmallCap 600Index by a wide margin.Total Return Performance06/30/1350100150200Index Value250300General Finance CorporationRussell 2000 IndexS&P SmallCap 600 Index35006/30/1406/30/1506/30/1606/30/1706/30/18Over the past decade,our team has consis

3、tently managed our business model and driven our growth strategy.We focuson growing our business and branch network with organic growth,recurring leasing revenue,superior customer service,newproduct innovation,operational excellence and disciplined acquisitions.DECADE OF HIGHLIGHTSThrough our teams

4、dedication and commitment to our long-term growth strategies,the business reached importantgrowth milestones in fiscal year 2018:Branch Network Growth.Over the past 11 years ending June 30,2018 our branch network grew from 15 to 95branches.Lease Fleet Growth.From June 30,2007 to June 30,2018 our lea

5、se fleet grew at a compound annual growthrate of 16%.EBITDA Margin Growth.Our EBITDA margins have increased from 17%in June 30,2007 to 25%at June 30,2018.Large and Loyal Customer Base.Our customer base has grown from 12,000 customers at June 30,2007 to over47,000 customers at June 30,2018,of which o

6、ver 80%are repeat leasing customers.Disciplined and Accretive Acquisitions.From May 31,2007 to June 30,2018 we completed 48 accretiveacquisitions.LEASE FLEETWe continue to grow our North America and Asia-Pacific lease fleets with disciplined and balanced capital allocation.In fiscal year 2018 we inv