Bumper 7 S.A. Monthly Investor Report - October Amortising Period. Reporting Date: 18 October 2018

Transcription

1 Monthly Investor Report - October 2018 Amortising Period Reporting Date: 18 October 2018 Leaseplan Deutchland GmbH Hellersbergstrasse 10b Neuss (Germany) Tel: +31 (0) Bumper.IR@leaseplancorp.com Web: Wilmington trust SP Services (Luxembourg) S.A Avenue du X Septembre L-2550 Luxembourg Luxembourg

2 Table Contents Page General Information & Key Dates 3 Notes Information 4 Counterparty Credit Ratings 5 Trigger Events 5 Liquidity Reserve Ledger 6 Set-Off Reserve Ledger 6 Maintenance Reserve Ledger 6 Commingling Reserve Ledger 7 Tax Reserve Ledger 7 Reserve Loan Interest 7 Development Pool within Collection Period 8 Available Distribution Amount 9 Pre Enforcement Priority Payments 10 Swap Information 11 Delinquency Prile 12 Defaulted Lease 13 Sales Proceeds 14 Replenishment Criteria 15 Early Amortisation Event 16 Amortisation Schedule 17 Stratification Tables 18 Contact Information 19 The defined terms used in the monthly report shall, by reference, incorporate the defined terms set out generally in the Prospectus and more specifically in the Glossary Certain Defined Terms in the Prospectus Page 2/26

3 General Information & Key Dates Note Class Class A Class B Subordinated Loan Junior Subordinated Loan General information Issuer Bumper 7 S.A. Bumper 7 S.A. ISIN Code XS XS Common code Stock Exchange Listing(s) Luxembourg Stock Exchange Luxembourg Stock Exchange Currency Euro Euro Euro Euro Number Notes 5, N/A N/A Original Credit Rating(s) (S&P/Moody's/DBRS) Current Credit Ratings(s) (S&P/Moody's/DBRS) AAA (sf)/aaa (sf)/aaa (sf) AA (sf)/aa2 (sf)/aa (h) (sf) N/A N/A AAA (sf)/aaa (sf)/aaa (sf) AAA (sf)/aaa (sf)/aa (h) (sf) N/A N/A Key Dates Closing Date 28 Apr Apr Apr Apr 2016 Legal Maturity Date 23 Mar Mar Mar Mar 2026 Portfolio Date 30 Sep Sep Sep Sep 2018 Reporting Date 18 Oct Oct Oct Oct 2018 Interest Payment Date 23 Oct Oct Oct Oct 2018 Current Reporting Period 1 Sep Sep Sep Sep Sep Sep Sep Sep 2018 Accrual Start Date 24 Sep Sep Sep Sep 2018 Accrual End Date 23 Oct Oct Oct Oct 2018 Accrual Period (in days) Fixing Date Reference Rate 20 Sep Sep Sep 2018 The Class A Notes are placed with public investors, which are not in the Originator Group Page 3/26

4 Notes Information Note Class Class A Class B Subordinated Loan Junior Subordinated Loan Principal information Original Principal 500,000, ,100, ,416, ,027, Original per Note 100, , N/A N/A Principal before Payment 147,569, ,100, ,416, ,027, Total Principal Payments 23,210, Principal after Payment 124,358, ,100, ,416, ,027, Principal per Note before Payment 29, , N/A N/A Principal Payments per Note 4, after Payment per Note 24, , N/A N/A Interest information Reference Rate Euribor1M Euribor1M Euribor1M Fixed Coupon Reference Rate (in %) N/A Margin (in %) N/A Current Coupon (in %) Day Count Convention act/360 act/360 act/360 act/360 Total Interest Amount due 30, , , , Interest Amount due per Note Total Unpaid Interest Amount in Period Total Cumulative Unpaid Interest Amount Total Principal + Interest Payments 23,241, , , , Credit Enhancement at closing ADB at Closing 720,543, ,543, Through minimum Liquidity Reserve 2,000, as a % total ADB 0.28 Through Subordination 171,443, ,443, as a % total ADB Current Credit Enhancement ADB at Current 344,901, ,901, Through minimum Liquidity Reserve 2,000, as a % total ADB 0.58 Through Subordination 220,543, ,443, as a % total ADB LeasePlan in its capacity as originator has undertaken to retain, on an on-going basis, a material net economic interest not less than 5% in the Bumper 7 transaction in accordance with Article 405 the CRR and Article 51 the AIFMR Page 4/26

5 Counterparty Credit Ratings Counterparty Credit Ratings S&P Moody's DBRS Role Party Short Term Long Term Short Term Long Term Short Term Long Term Swap Counterparty BNP Paribas A-1 A P-1 Aa3 R-1 (m) AA (l) Account Bank BNP Paribas Securities Services A-1 A P-1 Aa3 R-1 (m) AA (l) Subordinated Lender LeasePlan Corporation N.V. A-3 BBB- P2 Baa1 N/A N/A Junior Subordinated Lender LeasePlan Deutschland GmbH N/A N/A N/A N/A N/A N/A Trigger Events Reserves Trigger Event with respect to Set-Off Reserves Ledger Reserves Trigger Event with respect to Maintenance Reserves Ledger Reserves Trigger Event with respect to Commingling Reserves Ledger Reserves Trigger Event with respect to Tax Reserves Ledger Twice Weekly Sweep implemented (Commingling Reserve) True True True False False Back-up Trigger Event occurred and is continuing Insolvency Event with respect to LPDE occurred False False Page 5/26

6 Liquidity Reserve Ledger % Notes Value Liquidity Reserve Ledger Beginning Period 0.54 % 2,000, Required Liquidity Reserve Amount 0.54 % 2,000, Amount Credited to the Liquidity Reserve Ledger in Period 0.54 % 2,000, Amount withdrawn from the Liquidity Reserve Ledger in Period 0.54 % 2,000, Liquidity Reserve Ledger end Period 0.54 % 2,000, Liquidity Reserve Advance repayment principal 0.00 Set-Off Reserve Ledger % ADB Value Set-Off Reserve Ledger at Beginning Period 3.22 % 11,108, Required Set-Off Reserve Amount 2.59 % 8,938, Amount credited to the Set-Off Reserve Ledger in Period 0.00 % 0.00 Amount debited from the Set-Off Reserve Ledger 0.00 % 0.00 Excess Amount the Set-Off Reserve Ledger 0.63 % 2,170, Set-Off Reserve Ledger at the End Period 8,938, Value Fixed Component 5,400, Deposits 1,638, Open Calculation Settlement 1,899, Required Set-Off Reserve Amount 8,938, Maintenance Reserve Ledger % ADB Value Required Maintenance Reserve Ledger at Beginning Period 3.31 % 11,410, Required Maintenance Reserve Amount 2.99 % 10,298, Amount credited to the Required Maintenance Reserve Ledger in Period 0.00 % 0.00 Amount debited from the Maintenance Reserve Ledger 0.00 % 0.00 Excess Amount the Maintenance Reserve Ledger 0.32 % 1,112, Maintenance Reserve Ledger at the End Period 10,298, the Maintenance Settlement Ledger 10,298, Required Maintenance Reserve Amount 10,298, Value Page 6/26

7 Commingling Reserve Ledger % ADB Value Commingling Reserve Ledger at Beginning Period 8.85 % 30,534, Required Commingling Reserve Amount 8.44 % 29,095, Amount credited to the Commingling Reserve Ledger in Period 0.00 % 0.00 Amount debited from the Commingling Reserve Ledger 0.00 % 0.00 Excess Amount the Commingling Reserve Ledger 0.42 % 1,439, Commingling Reserve at the End Period 29,095, Value Lease Interest Collections scheduled to be received 908, Lease Principal Collections scheduled to be received 5,563, Multiplier 1.87 Highest Aggregate Repurchase Price scheduled to be received in any Collection Period 13,594, Required Commingling Reserve Amount 29,095, Tax Reserve Ledger % ADB Value Tax Reserve at Beginning Period 0.00 % 0.00 Required Tax Reserve Amount 0.00 % 0.00 Amount credited to the Required Tax Reserve in Period 0.00 % 0.00 Amount debited from the Tax Reserve and credited to the Collection Ledger 0.00 % 0.00 Excess Amount the Tax Reserve credited to the Collection Ledger 0.00 % 0.00 Tax Reserve at the End Period 0.00 Reserve Loan Interest Total Reserve at Beginning Period 55,053, Value Day Count Convention act/360 Days Accrued 29 Interest Type Floating Base Rate % Margin % Current Coupon % Reserve Loan Interest 56, Page 7/26

8 Development Pool within Collection Period Aggregate at Beginning Collection Period 368,112, Cash-Flow related items (A-E) A. Lease Collections Lease Principal Collections received in Collection Period 7,011, Lease Interest Collections received in Collection Period 1,120, Lease Service Collections received in Collection Period 3,575, Lease VAT Collections received in Collection Period 2,188, Total Collections, including Lease Servicing Collections 13,895, B Repurchase / Call Option exercise Repurchase due to Breach Eligibility Criteria 14,891, Repurchase due to Breach Replenishment Criteria 0.00 Call Option Exercise due to Lease Agreement Early Termination 1,238, Call Option Exercise due to Lease Agreement Maturity 324, Call Option Exercise due to Lease Agreement Silent Extension 34, Call Option Exercise due to Lease Agreement Extension 200, Total Repurchase/Call Option excercise Price 16,689, C Deemed Collections Any amounts incurred, paid or discharged by a Lessee on behalf LPDE that reduce the amount due by the Lessee to LPDE 0.00 An amount unpaid under a if non-payment was caused by reasons other than circumstances relating exclusively to credit risk 0.00 Total Deemed Collections 0.00 D Recoveries Vehicle Realisation Proceeds (less the realisation Agent Fee) 51, Cash Recoveries on Defaulted Lease received in Collection Period 20, Total Recoveries 71, E Other Change (increase) in due to Recalculation ("Purchase Instalment Increase Amount") 0.00 Change (decrease) in due to Recalculation ("Purchase Instalment Decrease Amount") 58, Non Cash-Flow related items Defaulted Lease (which defaulted in the Collection Period) 22, Aggregate at End Collection Period (before replenishment) 344,901, Replenished Portfolio 0.00 Aggregate (after replenishment) 344,901, Page 8/26

9 Available Distribution Amount Available Distribution Amount (a) Collections, less an amount equal to 25 per cent. the Purchase Price Residual; 11,779, (b) Repurchase Price for the Optional Early Redemption; 0.00 (c) Investments Earnings; -66, (d) any Net Swap Receipts under the Swap Agreement (excluding any Swap Replacement Excluded Amounts and amounts credited to the Swap Collateral Account); 5, (e) any amounts standing to the credit the Liquidity Reserve Ledger; 2,000, (f) any amounts standing to the credit the Tax Reserve Ledger, up to an amount due and payable by the Purchaser to the tax authorities in respect trade, corporate and/or income tax or VAT in case the Originator has not indemnified the Purchaser in an amount equal to the relevant Deemed Collections; 0.00 (g) any amounts standing to the credit the Commingling Reserve Ledger if and to the extent the Servicer, the Originator or the Realisation Agent has, on such Payment Date, failed to transfer to the Purchaser any Collections (other than Lease Services Collections and Deemed Collections) and/or Vehicle Realisation Proceeds received by the Servicer, the Originator or the Realisation Agent during or with respect to the relevant Collection Period; 0.00 (h) any amount standing to the credit the Maintenance Reserve Ledger in order to pay the Back-Up Maintenance Coordinator Fee (if any) and the amounts payable to the maintenance service providers (if any); 0.00 (i) any amounts standing to the credit the Set-Off Reserve Ledger up to an amount equal to the aggregate amount in which Lessees have made a set-f claim against the Originator if and to the extent those amounts have not yet been paid by the Originator to the Purchaser as a Deemed Collection; 0.00 (j) any amounts remaining and not used and standing to the credit the Replenishment Ledger; 0.00 (k) any additional free amounts (not forming part any reserves) the Issuer credited to the Issuer Account; and 16,747, (l) any amounts standing to the credit the Swap Termination Account that do not form part the Swap Replacement Excluded Amount Total Available Distribution Amount 30,465, Page 9/26

10 Pre Enforcement Priority Payments Total Available Distribution Amount 30,465, (a) First, to pay pari passu with each other on a pro rata basis: a) any amounts then due and payable by the Issuer in connection with the establishment the Issuer and any annual return, filing, registration and registered fice fees; and b) the Issuer's (actual and/or contingent) liability (if any) to tax; 0.00 (b) Second, to pay the Servicer an amount equal to the Lease Services Collections received by the Issuer with respect to the relevant Collection Period); 3,575, (c) Third, to pay pari passu with each other on a pro rata basis any amount then due and payable by the Issuer in respect the fees, costs and expenses to: (a) the Trustee and the ER Trustee under the Trust Agreement; (b) the ER Trustee under the Trust Agreement; 0.00 (d) Fourth, to pay pari passu with each other on a pro rata basis any amount then due and payable by the Issuer in respect the fees, costs and expenses to: (a) the Corporate Services Provider under the Corporate Services Agreement; (b) the directors the Issuer (properly incurred in accordance with their duties as such); (c) the Paying Agent under the Agency Agreement; (d) the Cash Manager under the Cash Management Agreement; (e) the Account Bank under the Account Agreement and the relevant Mandate; (f) the Data Trustee under the Data Protection Trust Agreement; (g) the auditors and legal counsel the Issuer; (h) the Servicer and the Back-Up Servicer Facilitator under the Servicing Agreement or the Back- Up Servicer under the back-up servicing agreement, if applicable; (i) the Reporting Agent under the Servicing Agreement; (j) the Realisation Agent under the Realisation Agency Agreement or the Back-Up Realisation Agent under the back-up realisation agency agreement if applicable; (k) the Maintenance Coordinator and the Back-Up Maintenance Coordinator Facilitator under the Maintenance Coordination Agreement or the Back-Up Maintenance Coordinator under any back-up maintenance coordination agreement, if applicable; and any other person providing services or performing duties in connections with the Notes (if any); 180, (e) Fifth, to pay any amounts payable by the Issuer (to the extent not paid from the Swap Replacement Account this Pre- Enforcement Priorty Payments) in relation to any Net Swap Payments and termination payments (other than those covered under item eighteenth), if any, due and payable by the Issuer to the Swap Counterparty; 0.00 (f) Sixth, to pay to the Class A Noteholders amounts payable in respect accrued and unpaid interest owed under the Class A Notes; 30, (g) Seventh, to pay to the Class B Noteholders amounts payable in respect accrued and unpaid interest owed under the Class B Notes; 24, (h) Eighth, to credit to the Liquidity Reserve Ledger an amount required to meet the Required Liquidity Reserve Amount; 2,000, (i) Ninth, during the Revolving Period, to pay the aggregate Purchase Price (up to the Required Replenishment Amount) then payable by the Issuer to the Originator in respect any Purchased s and Purchased and credit the excess the Required Replenishment Amount over the aggregate Purchase Price to the Replenishment Ledger); 0.00 (j) Tenth, after the Revolving Period, to pay to the Class A Noteholders an amount up to the Class A Principal Redemption Amount until the Class Principal Outstanding the Class A Notes has been reduced to zero; 23,210, (k) Eleventh, after the Revolving Period, to pay to the Class B Noteholders an amount up to the Class B Principal Redemption Amount until the Class Principal Outstanding the Class B Notes has been reduced to zero; 0.00 (l) Twelfth, to pay pro rata and pari passu to the Reserves Funding Provider amounts payable in respect accrued and unpaid interest owed under the Reserves Funding Agreement and the Liquidity Reserve Release Amount, if any; 56, (m) Thirteenth, to pay to the Originator the relevant Recalculation Increase Amounts; 0.00 (n) Fourteenth, to pay to the Subordinated Lender amounts payable in respect accrued and unpaid interest owed under the Subordinated Loan Agreement, if any; 139, (o) Fifteenth, to pay to the Junior Subordinated Lender amounts payable in respect accrued and unpaid interest owed under the Junior Subordinated Loan Agreement, if any; 44, (p) Sixteenth, to pay any principal outstanding under the Subordinated Loan Agreement, to the extent the Notes have been redeemed in full; 0.00 (q) Seventeenth, to pay any principal outstanding under the Junior Subordinated Loan Agreement, to the extent the Notes have been redeemed in full; 0.00 (r) Eighteenth, to pay the Swap Subordinated Payments to the Swap Counterparty; 0.00 (s) Nineteenth, to pay the Remaining Purchase Price Residual to the Originator; and 0.00 (t) Twentieth, to pay the Servicer Success Fee to the Servicer 1,201, Page 10/26

11 Swap Information Interest Rate Swap - Class A & Class B Notes Original Swap Notional Amount (Outstanding Amount Notes at Closing) 549,100, Current Swap Notional Amount (Outstanding Amount Notes before principal repayment) 196,669, Fixed Interest Rate % Floating Interest Rate % Paying Leg (Fixed) Swap -64, Receiving Leg (Floating) Swap -58, Net Swap Receipts 5, Net Swap Payments 0.00 Page 11/26

12 Delinquency Prile Delinquency Level Number Vehicles relating to Outstanding Invoices Amount Invoices Outstanding Oustanding Receivables divided by Aggregate Aggregate Lease Receivables Total Aggregate (%) Performing 19, % 98,124, ,134, ,258, % <= 30 days , % 3,896, ,236, ,132, % days 62 45, % 478, , ,313, % days 8 5, % 48, , , % > 90 days 3 2, % 9, , , % Total 20, , % 102,557, ,344, ,901, % Page 12/26

13 Defaulted Lease Collection Period Number Defaulted Lease Defaulted in Collection Period Aggregate Defaulted Initial or Additional Portfolio at the respective Cut-Off Date the Initial or Additional Portfolio Sum the Aggregate the Initial Portfolio and the Aggregate any Additional Portfolio as calculated as the relevant Cut- Off Date in relation to a Purchased Vehicle Cumulative Default Ratio % , , ,543, ,543, % , , ,017, ,560, % , , ,842, ,403, % , ,570, ,973, % , ,360, ,333, % , , ,570, ,904, % , ,021, ,925, % , , ,511, ,437, % , , ,225, ,662, % , ,065, ,507, ,170, % , ,100, ,473, ,644, % , ,134, ,041, ,685, % ,617, ,751, ,685, % ,535, ,287, ,685, % ,250, ,537, ,685, % ,537, ,685, % ,052, ,590, ,685, % ,590, ,685, % , ,179, ,685, % , ,208, ,685, % ,208, ,685, % ,208, ,685, % ,208, ,685, % , ,229, ,685, % , ,268, ,685, % , ,454, ,685, % , ,461, ,685, % ,461, ,685, % ,461, ,685, % , ,483, ,685, % Total 430 8,483, ,685, % Page 13/26

14 Page 14/26

15 Sales Proceeds Month Number vehicles sold Aggregated Net Sales Proceeds Aggregated Compensation Payments Aggregated Gross Sales Proceeds Aggregated Net Book Value Gross Sales Proceeds as as % NBV , , ,018, , % ,274, , ,846, ,770, % ,387, , ,296, ,243, % ,584, ,068, ,652, ,749, % ,143, ,200, ,344, ,405, % ,050, ,173, ,223, ,111, % ,305, ,041, ,347, ,153, % ,671, ,125, ,796, ,905, % ,609, ,214, ,823, ,048, % ,211, ,366, ,578, ,786, % ,759, ,329, ,088, ,895, % ,585, ,358, ,943, ,845, % ,861, ,105, ,966, ,961, % ,802, ,345, ,148, ,044, % ,699, ,449, ,148, ,176, % ,623, ,426, ,049, ,965, % ,538, ,478, ,017, ,014, % ,263, ,391, ,654, ,771, % ,397, ,578, ,975, ,328, % ,336, ,961, ,298, ,416, % ,042, ,180, ,222, ,621, % ,572, ,755, ,328, ,508, % ,745, ,610, ,356, ,538, % ,881, ,189, ,070, ,149, % ,210, ,271, ,481, ,631, % ,311, ,346, ,658, ,872, % ,117, ,452, ,570, ,777, % ,683, ,528, ,211, ,379, % ,412, ,195, ,607, ,062, % ,405, , ,732, ,051, % Total 21, ,264, ,195, ,459, ,170, Page 15/26

16 Replenishment Criteria (a) (b) (c) (d) (e) (f) (g) (h) each the top five Lessee Groups in relation to the respective contribution to the Aggregate does not account for more than 2%; each the top twenty Lessee Groups (but excluding the top five Lessees) measured in relation to the respective contribution to the Aggregate does not account for more than 1%; each the top thirty Lessee Groups (but excluding the top twenty Lessees) measured in relation to the respective contribution to the Aggregate does not account for more than 0.75%; each Lessee other than the top thirty Lessee Groups measured in relation to the respective contribution to the Aggregate does not account for more than 0.50%; the Aggregate resulting from s as a percentage the Class Principal Outstanding the Class A Notes is at least 60.5%; the Aggregate resulting from Lease in respect which the Lessee is classified in a specific industry does not account for more than 20%; the Aggregate resulting from Lease in respect Commercial Vehicles does not account for more than 1%; and the Aggregate resulting from Lease in respect Heavy Goods Vehicles does not account for more than 1%. Treshold Value Actual Value Trigger Breached N/A N/A No N/A N/A No N/A N/A No N/A N/A No N/A N/A No N/A N/A No N/A N/A No N/A N/A No Page 16/26

17 Early Amortisation Event Early Amortisation Event means the occurrence any the following events: Trigger Level Actual Value Trigger Breached (a) the amount credited to the Replenishment Ledger and remaining in the Issuer Account after the application the relevant Priority Payments on two consecutive Payment Dates exceeds 10 per cent. the Aggregate on the Initial Cut-Off Date; N/A N/A No (b) the Cumulative Default Ratio exceeds 3 per cent. on any Payment Date; N/A N/A No (c) the Delinquency Ratio exceeds 0.4 per cent. on any Payment Date; N/A N/A No (d) (e) on any Payment Date, the amount paid under item ninth the Pre-Enforcement Priority Payments would be lower than the Required Replenishment Amount; LeasePlan Corporation N.V. fails to make any payment or deposit required within five (5) Business Days the date such payment or deposit is required to be made; N/A N/A No No (g) a Originator Event Default; No (h) a Servicer Termination Event; No (i) a Maintenance Coordinator Termination Event; No (j) a Realisation Agent Termination Event; No (k) any amount standing to the credit the Tax Reserve Ledger is insufficient to pay Taxes that are or will become due following the occurrence a Tax Event; (l) a Change Control; No (m) no Back-Up Servicer has been appointed in accordance with the Servicing Agreement within ninety (90) calendar days following the occurrence a Back-Up Trigger Event; (n) (o) no Back-Up Maintenance Coordinator has been appointed in accordance with the Maintenance Coordination Agreement within ninety (90) calendar days following the occurrence a Back-Up Trigger Event; no Back-Up Realisation Agent has been appointed in accordance with the Realisation Agency within ninety (90) calendar days following the occurrence a Back-Up Trigger Event; (p) an event default or following a termination event, as defined in the Swap Agreement. No No No No No Page 17/26

18 Amortisation Schedule Collection Period Month Aggregate Lease Interest and Principal Aggregate Scheduled Cashflow Aggregate Planned Cashflow Amortisation Sep ,641, Oct ,987, , ,107, ,533, Nov ,967, ,892, ,859, ,674, Dec ,869, ,626, ,496, ,177, Jan ,046, ,252, ,298, ,879, Feb ,544, ,088, ,632, ,247, Mar ,743, ,156, ,900, ,347, Apr ,970, ,200, ,170, ,176, May ,921, ,622, ,544, ,632, Jun ,713, ,916, ,629, ,002, Jul ,023, ,416, ,439, ,562, Aug ,315, ,704, ,020, ,542, Sep ,708, ,363, ,071, ,470, Oct ,879, ,594, ,474, ,996, Nov ,000, ,009, ,010, ,986, Dec ,189, ,863, ,052, ,933, Jan ,728, ,900, ,629, ,304, Feb ,117, ,107, ,224, ,079, Mar ,491, ,545, ,037, ,042, Apr ,058, ,563, ,622, ,419, May ,055, ,905, ,961, ,458, Jun ,543, ,463, ,006, ,451, Jul ,604, ,868, ,473, ,978, Aug ,230, ,174, ,405, ,573, Sep , ,279, ,233, ,339, Oct , ,001, ,911, ,427, Nov , ,661, ,291, ,136, Dec , ,744, ,320, ,816, Jan , ,488, ,903, ,912, Feb , ,064, ,339, ,572, Mar , ,088, ,397, ,174, Apr , ,173, ,427, ,747, May , , ,147, ,600, Jun , , , ,649, Jul , , , ,663, Aug , , , ,882, Sep , , , ,165, Oct , , , ,322, Nov , , , ,712, Dec , , , ,280, Jan , , , , Feb , , , , Mar , , , , Apr , , , , May , , , , Jun , , , , Jul , , , , Aug , , , , Sep , , , , Oct , , , , Nov , , , , Dec , , , , Jan , , , , Feb , , , , Mar , , , Apr May Page 18/26

19 Stratification Tables Business Sector Number Corporate 17, % 309,219, % 92,659, ,560, Government % 2,916, % 804, ,111, SME 2, % 32,764, % 9,093, ,671, Product Type (open closed) Number Open Calculation 7, % 134,888, % 40,587, ,301, Closed Calculation 12, % 200,620, % 55,650, ,969, Open Calculation w. Client Risk % 9,110, % 6,179, ,930, Sale and Lease Back % 282, % 138, , Vehicle Type Number Passenger Vehicle 16, % 294,672, % 83,421, ,250, Light Commercial Vehicle (LCV) 3, % 45,180, % 15,951, ,229, Heavy Goods Vehicle (HGV) % 5,011, % 3,165, ,845, Commercial Vehicle % 37, % 18, , New Versus Used Number New 20, % 343,186, % 101,851, ,334, Used % 1,715, % 705, ,009, Total current discounted balance (>= - <) Number , % 823, % 182, , , , , % 19,728, % 4,854, ,873, , , , % 78,043, % 20,755, ,288, , , , % 99,099, % 28,514, ,585, , , , % 79,626, % 24,400, ,225, , , , % 40,927, % 12,928, ,998, > % 26,652, % 10,920, ,731, Page 19/26

20 Total Investment Amount (>= - <) Number , % 1,576, % 352, ,223, , , , % 42,132, % 11,740, ,391, , , , % 129,525, % 36,891, ,633, , , , % 105,867, % 30,728, ,139, , , , % 43,363, % 12,183, ,180, , >= % 22,436, % 10,659, ,776, Expected Nominal (>= - <) Number % 187, % 127, , , , % 8,072, % 4,833, ,238, , , , % 19,105, % 6,973, ,131, , , , % 48,229, % 16,059, ,170, , , , % 63,020, % 18,875, ,145, , , , % 63,165, % 17,918, ,247, , >= 5, % 143,120, % 37,770, ,350, Expected (>= -<) Number , % 239, % 161, , , , , % 9,801, % 5,738, ,062, , , , % 26,226, % 9,697, ,529, , , , % 56,399, % 18,761, ,637, , , , % 67,407, % 20,184, ,223, , , , % 63,124, % 17,605, ,518, , >= 4, % 121,702, % 30,408, ,294, Original Term (>= - <) Number % 30, % 6, , % 6,531, % 1,305, ,225, , % 99,735, % 23,520, ,214, , % 199,462, % 58,611, ,851, >= 2, % 39,141, % 19,113, ,028, Page 20/26

21 Seasoning (>= - <) Number , % 54,926, % 22,645, ,280, , % 179,996, % 54,195, ,801, , % 94,042, % 19,622, ,419, % 11,401, % 3,576, ,824, >= % 4,536, % 2,518, ,017, Contract Start Year Number % 7, % 2, , % 63, % 35, , % 178, % 130, , % 16, % 5, , % 150, % 52, , % 2,288, % 1,229, ,058, % 3,226, % 1,587, ,638, , % 20,142, % 5,169, ,973, , % 125,358, % 27,789, ,568, , % 183,911, % 62,194, ,717, % 9,559, % 4,359, ,200, Contract End Year Number , % 13,453, % 814, ,638, , % 177,021, % 36,835, ,186, , % 125,391, % 49,174, ,216, , % 25,665, % 13,440, ,224, % 3,045, % 2,028, ,017, % 323, % 263, , Interest Rate (>= - <) Number 0.00 % % % 287, % 129, , % % % 8,865, % 2,597, ,268, % % 9, % 169,770, % 50,974, ,795, % % 7, % 127,043, % 37,442, ,600, % % 2, % 35,792, % 9,857, ,934, % % % 3,126, % 1,549, ,576, % % % 16, % 5, , Page 21/26

22 Lease Instalment (Interest & Depreciation) Number , % 48,040, % 12,195, ,844, , % 204,176, % 59,047, ,128, , % 71,630, % 21,220, ,410, , % 10,920, % 4,921, ,998, , , % 2,505, % 1,226, ,278, , , % 2,047, % 880, ,167, , >= % 5,581, % 3,065, ,516, Remaining Duration (>= - <) Number , % 147,660, % 25,301, ,358, , % 141,601, % 49,453, ,148, , % 48,443, % 23,352, ,091, % 6,513, % 3,916, ,597, % 682, % 534, , Internal Rating Corporate, Government Number Lease 1 - Prime 1, % 20,955, % 5,697, ,258, A - Very strong 2, % 34,423, % 9,562, ,861, B - Strong 1, % 22,765, % 6,622, ,142, C - Relatively strong 2, % 47,514, % 14,589, ,924, A - Very acceptable 3, % 51,543, % 17,213, ,329, B - Acceptable 3, % 73,631, % 20,728, ,902, C - Relatively acceptable 2, % 36,329, % 11,932, ,396, A - Very sufficient % 10,975, % 2,862, ,112, B - Sufficient % 9,559, % 2,905, ,654, C - Relatively sufficient % 1,891, % 602, ,288, A - Somewhat weak-sa % 282, % 115, , C - Very weak-watch % 164, % 33, , A - Sub-standard-Watch % 12, % 3, , NR - No Rating % 2,088, % 592, ,495, Geographical Region Total 17, % 312,136, % 93,464, ,672, Number Lease s Nordrhein-Westfalen 6, % 109,294, % 34,367, ,927, Hessen 3, % 68,590, % 19,026, ,563, Baden-Württemberg 3, % 53,731, % 15,033, ,697, Bayern 2, % 40,053, % 11,737, ,315, Niedersachsen 1, % 18,257, % 5,836, ,421, Hamburg 1, % 15,667, % 4,127, ,539, Berlin % 10,415, % 3,132, ,282, Rheinland-Pfalz % 8,326, % 2,553, ,772, Schleswig-Holstein % 5,485, % 2,376, ,108, Bremen % 3,399, % 865, ,533, Saarland % 3,015, % 922, ,093, Sachsen % 2,516, % 724, ,792, Thüringen % 1,931, % 507, ,424, Brandenburg % 1,772, % 575, ,196, Sachsen-Anhalt % 1,543, % 494, ,049, Mecklenburg-Vorpommern % 899, % 274, , Total 20, % 344,901, % 102,557, ,344, Page 22/26

23 Top 15 Manufacturers Number Lease s Volkswagen 4, % 70,318, % 20,960, ,358, Ford 4, % 59,823, % 16,914, ,908, Audi 2, % 57,357, % 16,139, ,217, BMW 2, % 49,697, % 13,350, ,346, Mercedes 1, % 35,183, % 8,784, ,398, Opel 1, % 17,937, % 5,321, ,615, MERCEDES-NFZ % 17,271, % 7,828, ,442, Skoda % 10,353, % 3,606, ,746, Volvo % 6,609, % 1,825, ,783, Tesla % 2,852, % 1,357, ,494, Renault % 2,548, % 864, ,684, SEAT % 2,444, % 771, ,673, Peugeot % 1,756, % 803, , CITROEN % 1,355, % 410, , Land Rover % 1,098, % 231, , Other % 8,294, % 3,386, ,907, Top 10 postal Towns Total 20, % 344,901, % 102,557, ,344, Number Lease s Düsseldorf 1, % 19,198, % 5,615, ,582, Hamburg 1, % 15,880, % 4,215, ,665, MÜNCHEN % 13,715, % 4,169, ,545, Frankfurt % 12,903, % 3,694, ,208, Köln % 11,577, % 3,066, ,510, BERLIN % 10,415, % 3,132, ,282, Bielefeld % 9,138, % 2,696, ,442, Ratingen % 7,284, % 3,615, ,668, Ehningen % 7,138, % 1,343, ,795, Mannheim % 6,766, % 1,896, ,870, Other 13, % 230,882, % 69,111, ,771, Total 20, % 344,901, % 102,557, ,344, Page 23/26

24 Top 50 Clients Number Lease s % 8,059, % 2,280, ,779, % 7,300, % 1,387, ,912, % 7,031, % 2,252, ,778, % 4,593, % 1,595, ,998, % 4,551, % 2,811, ,740, % 4,470, % 1,409, ,061, % 4,400, % 1,451, ,948, % 3,834, % 982, ,852, % 3,618, % 2,799, , % 3,611, % 1,265, ,346, % 3,424, % 1,126, ,297, % 3,217, % 1,120, ,096, % 3,200, % 804, ,396, % 3,188, % 825, ,362, % 3,058, % 1,066, ,991, % 3,040, % 541, ,499, % 2,989, % 712, ,276, % 2,857, % 743, ,113, % 2,841, % 760, ,081, % 2,677, % 447, ,230, % 2,618, % 476, ,142, % 2,578, % 982, ,595, % 2,567, % 1,250, ,317, % 2,484, % 558, ,925, % 2,402, % 354, ,048, % 2,154, % 660, ,493, % 2,091, % 388, ,703, % 2,036, % 705, ,330, % 2,029, % 469, ,559, % 2,013, % 720, ,293, % 2,006, % 707, ,299, % 1,938, % 632, ,306, % 1,915, % 662, ,253, % 1,898, % 617, ,281, % 1,860, % 407, ,452, % 1,839, % 1,120, , % 1,833, % 476, ,357, % 1,833, % 425, ,407, % 1,816, % 345, ,470, % 1,794, % 732, ,061, % 1,758, % 475, ,283, % 1,754, % 773, , % 1,754, % 552, ,202, % 1,714, % 450, ,263, % 1,703, % 493, ,210, % 1,702, % 410, ,291, % 1,700, % 491, ,209, % 1,575, % 424, ,151, % 1,562, % 434, ,127, % 1,532, % 336, ,195, Other 12, % 204,459, % 58,634, ,825, Total 20, % 344,901, % 102,557, ,344, Page 24/26

25 Industrial Sector* WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES Number Lease s 1, % 29,822, % 9,381, ,440, OTHER MANUFACTURING 1, % 29,652, % 9,904, ,747, MANUFACTURE OF ELECTRICAL EQUIPMENT 1, % 25,544, % 7,073, ,470, MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 1, % 24,045, % 7,793, ,252, INFORMATION SERVICE ACTIVITIES 1, % 23,738, % 5,895, ,843, MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS OFFICE ADMINISTRATIVE, OFFICE SUPPORT AND OTHER BUSINESS SUPPORT ACTIVITIES 1, % 23,697, % 6,499, ,198, , % 23,286, % 7,301, ,984, , % 18,760, % 6,690, ,069, MANUFACTURE OF FOOD PRODUCTS % 10,972, % 3,281, ,690, MANUFACTURE OF PAPER AND PAPER PRODUCTS % 8,062, % 2,290, ,771, Other 8, % 127,318, % 36,444, ,874, *Based on NACE Rev 2 Total 20, % 344,901, % 102,557, ,344, Page 25/26

26 Contact Information Account Bank, Paying Agent, Reference Agent, Listing Agent, Back-Up Maintenance Coordinator Facilitator, Back-Up Servicer Facilitator BNP Paribas Securities Services 60 Avenue J.F. Kennedy L-1855 Luxembourg Luxembourg Corporate Services Provider, Trustee, Data Trustee Wilmington Trust SP Services (Frankfurt) GmbH Avenue du x Septembre L-2550 Luxembourg Luxembourg Trustee Wilmington Trust (London) Limited Third Floor, 1 King's Arms Yard Originator, Servicer, Realisation Agent, Maintenance Coordinator and Junior Subordinated Lender LeasePlan Deutschland GmbH Lippestrasse 4 EC2R 7AF London Düsseldorf United Kingdom Germany Bumper.IR@leaseplancorp.com Reporting Agent Intertrust Netherlands B.V. Swap Counterparty BNP Paribas Prins Bernhardplein , Boulevard des Italiens 1097 JB Amsterdam Paris The Netherlands France securitisation@intertrustgroup.com Page 26/26