D'IETEREN AUTO AVIS EUROPE BELRON

30AVIS EUROPED’IETEREN ANNUAL REPORT 2010Key figuresKEY FIGURES (EUR million)IFRS2010 2009 2008 2007 2006 1 2005 2004External sales 2, 3 1,519.8 1,392.7 1,655.7 1,324.7 1,255.0 1,276.4 1,252.8Of which rental income 1,198.2 1,159.6 1,311.3 1,324.7 1,255.0 1,276.4 1,252.8Current operating result 2, 4 108.2 103.4 112.7 106.5 89.8 100.4 114.2Current operating margin 9.0% 8.9% 8.6% 8.0% 7.2% 7.9% 9.1%Current result, group’s sharebefore tax 2, 429.2after tax 4 16.720.914.8Average workforce (average full time equivalents) 5,163 5,319 5,967 6,122 6,276 6,253 6,1661. As restated in 2006 following the malpractice identified in Portugal.2. Excluding in 2006 and 2007 the discontinued operation in Greece (application of IFRS 5).3. Following the amendment to IAS 16 (see note 2.1. of the 2009 Consolidated Financial Statements), external sales include from 2008 onwards the disposal proceeds of non-repurchase vehicles.4. Before unusual items and re-measurements.5. Current operating margin is calculated as the current operating result divided by the rental income.22.513.022.017.717.814.622.716.631.123.3Rental incomeEVOLUTION OF RENTAL INCOME AND CURRENT OPERATINGRESULT OF AVIS EUROPE SINCE 2004 (EUR MILLION)€m €m1400140120010008006001201008060Current operating result400402002002004 2005 2006 2007 2008 2009 2010014%24%12%13%15%17%34%54%17%CORPORATE SALES BREAKDOWN BY REGION 2010 2009● France 24% 24%● Italy 17% 17%● Germany 17% 16%● UK 15% 16%● Spain 13% 13%● Other 14% 14%TOTAL 100% 100%CUSTOMER BREAKDOWN 2010 2009● Individual 54% 55%● Corporate 34% 34%● Insurance/Replacement 12% 11%TOTAL 100% 100%