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FleetCor Technologies Management Presents At 40th Annual J.P. Morgan Global Technology, Media And Telecom Conference (Transcript)

FleetCor Technologies, Inc. (FLT)

40th Annual J.P. Morgan Global Technology, Media and Telecom Conference

May 15, 2012 02:50 PM ET


Tenjin Wong – JPMorgan

Eric Dey – CFO



Tenjin Wong – JPMorgan

All right. Sorry we're late. Thanks for joining us again. Tenjin Wong, Computer Services and IT Consulting at JPMorgan and the last one for the day. We have got FleetCor. Eric Dey, the CFO, is very happy to have Eric back with us. We've been overweight the stock, I think FleetCor has done, it's her job of managing their assets and acquiring new assets and trying sort of exploit and optimize some of the assets that they've acquired in a nice space that is expanding overseas. So, I figured we'd stock Eric maybe if you don't mind just given a quick rundown of FleetCor and some of the trends that you are seeing and then we can go into some more direct Q&A, if that's okay.

Eric Dey

Sure. I guess I'll start it out by for those of you who don't know the FleetCor story, I'll just spend literally about five minutes and just give you the 20,000 foot flyover. For those of you who don't know, we are leading global fleet cart company. We offer special purpose business charge cards primarily processing commercial fleet carts around the world. 90% of our revenue today is generated by the processing of those commercial fleet carts and then 10% of our revenue is driven by other specialty card products. We've got a corporate commercial hotel card product offering in the United States. We also processed a food card and voucher product in Mexico and we have a telematics product in Europe that we manage as well.

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