Lightyear
SSCL
CFO FINANCIAL COMMAND — SITUATION BRIEF
Good morning, CFO.
The monthly burn is within budget but the liability is mispriced; idle rental contracts at 43 units carry full cost of SAR 286K per month against zero output and do not appear on the depreciation line where the board would see them. Iron Law breach concentration at 305 units representing 19% of the company fleet signals that replacement capex will arrive as a single shock rather than a managed drawdown, and it is not provisioned on the balance sheet. Set a finance policy this quarter: any rental unit idle beyond 60 days triggers a hold flag, and open an Iron Law replacement provision now before the shock becomes unavoidable.
Monthly Burn
SAR 15.4M
SAR 184.2M / year
Productive 79% Waste 21%
▼ 4% QoQ
TAP ▸
Spend Composition
● Productive79%
● Rental Waste2%
● Owned Idle11%
● Ghost/Leakage8%
Monthly Cost by Owner
■ Company ■ Rental ■ Lease
Waste Decomposition
Idle Rental Spend SAR 286K
Owned Idle/Brkdown SAR 1.7M
Leakage (missed rev) SAR 1.2M
Ghost Fleet Carry SAR 108K
Total Waste/Mo SAR 3.3M
Monthly Burn
SAR 15.4M
All owners combined
▼ 4% QoQ
Total Exposure
SAR 27.4M
Unpriced balance sheet liability
Waste in Burn
21%
SAR 3.3M/mo non-productive
Recoverable (12mo)
SAR 16.3M
3 levers, board approval
Company Burn
SAR 10.0M
65% of total fleet cost
Rental Burn
SAR 3.1M
20% · 43 idle units
Iron Law Flags
305 assets
SAR 559K/mo over lease alt
▼ 1% 7d▲ 4% QoQ
Compliance Exposure
SAR 5.1M
542 assets with expired docs
▲ 12% QoQ
02 — Decision Engine: Financial Recovery
Expired Docs
247
Unquantified liability
operating illegally
Value Actions
295
Ranked by net 12mo
execution ready
Recurring Recovery
SAR 29.0M
per year — opex only
salvage excluded
Liquidation
SAR 21.1M
one-time salvage
cash proceeds
Execution Cost
SAR 19K
to unlock 1568× return
1568:1 ROI (12mo)
Monthly Leakage by Action Type — Liability Register
Type Description Count Monthly Leakage Net 12mo Recovery Share of Total
TERMINATE Terminate Idle Rentals 31 SAR 211,424/mo SAR 2,537,088
9% of total
SWAP Internal Swap — Return Rental 14 SAR 21,377/mo SAR 238,017
1% of total
DISPOSE Dispose — TCO Breached 238 SAR 2,141,027/mo SAR 25,692,324
89% of total
REPLACE Replace — Iron Law 12 SAR 46,311/mo SAR 555,732
2% of total
TOTAL SAR 2,418,597/mo SAR 29,023,161
Top 5 — Highest Net 12-Month Value Actions
Salvage shown separately — never blended into recurring
1
SSCL-0035 DISPOSE
Crawler Crane
Saudi Aramco HQ · Feasibility 100%
SAR 22,058/mo
+ SAR 55,720 salvage (one-time)
Net 12mo
SAR 264,696
2
SSCL-0044 DISPOSE
Crawler Crane
Red Sea Project Office · Feasibility 100%
SAR 20,594/mo
+ SAR 51,310 salvage (one-time)
Net 12mo
SAR 247,128
3
SSCL-0047 DISPOSE
Crawler Crane
Al Khobar Corniche · Feasibility 100%
SAR 18,843/mo
+ SAR 51,100 salvage (one-time)
Net 12mo
SAR 226,116
4
SSCL-0040 DISPOSE
Mobile Crane
Red Sea Project Office · Feasibility 100%
SAR 18,137/mo
+ SAR 51,520 salvage (one-time)
Net 12mo
SAR 217,644
5
SSCL-0053 DISPOSE
Grader
Thuwal Industrial Park · Feasibility 100%
SAR 17,464/mo
+ SAR 43,260 salvage (one-time)
Net 12mo
SAR 209,568
03 — Cost Structure & Trajectory
Monthly Cost by Equipment Type
Dumper⚑ 28 iron SAR 1.1M
Crawler Crane⚑ 16 iron SAR 1.0M
Chain Excavator⚑ 8 iron SAR 941K
Bulldozer⚑ 9 iron SAR 886K
Boom Truck⚑ 11 iron SAR 704K
Mobile Crane⚑ 9 iron SAR 685K
Wheel Loader⚑ 7 iron SAR 600K
30-Day Cost & Depreciation Trend
— Total Cost — Depreciation — Rental Idle
Company Cost Components
■ Depreciation ■ Fuel ■ Maintenance
Cost Direction Signals
Total Fleet Burn
MoM → 0%
Depreciation
MoM → 0%
Rental Idle Waste
MoM → 0%
Iron Law Count
MoM → 0%
Fleet Market Value
MoM → 0%
04 — Liability Register
Total Unpriced Balance Sheet Exposure
SAR 27.4M
Iron Law excess + compliance fines + idle rental carry + ghost fleet
Dispose Candidates
338 assets
SAR 33.9M annual carry
Iron Law — Annual Cost vs Market Value by Type
When annual cost exceeds market value: replace
■ Annual Cost ■ Market Value
TCO Dispose — Annual Carry Cost by Type
Age >7yr + cost >MV + idle/breakdown. Pure liability.
Dumper (33 units, avg 13.4yr) SAR 4.1M/yr
Crawler Crane (19 units, avg 13.2yr) SAR 3.8M/yr
Bulldozer (12 units, avg 12.8yr) SAR 1.9M/yr
Mobile Crane (10 units, avg 14.1yr) SAR 1.8M/yr
Track Loader (15 units, avg 12.9yr) SAR 1.7M/yr
Grader (11 units, avg 13.5yr) SAR 1.7M/yr
Idle Rental Carry — By Supplier SAR 286K/mo total
Supplier Idle Units Monthly Waste Annual Exposure Action
Alpha Fleet Solutions 5 SAR 41K SAR 493K TERMINATE
Budget Saudi Arabia 6 SAR 41K SAR 492K TERMINATE
Gulf Fleet Services 5 SAR 41K SAR 488K TERMINATE
Theeb Rent A Car 5 SAR 35K SAR 425K TERMINATE
Al Jabr Rent A Car 3 SAR 31K SAR 374K TERMINATE
SAHL Mobility 6 SAR 26K SAR 307K TERMINATE
National Rental Arabia 4 SAR 24K SAR 287K TERMINATE
Sixt Saudi Arabia 2 SAR 16K SAR 197K TERMINATE
Lumi Rental 3 SAR 16K SAR 188K TERMINATE
Arabian Auto Agency 4 SAR 15K SAR 184K TERMINATE
05 — Cash Recovery Opportunities
Total 12-Month Recoverable (3 Levers)
SAR 16.3M
Liquidation capital + swap savings + Iron Law lease conversions
Optimised Projection Saves
SAR 4.6M
vs flat-line scenario
Lever 1 — Liquidate
SAR 9.4M
Capital recovery — sell bottom 15% fleet
+ Annual cost freed: SAR 24.9M
Eligible units: 242
Age >7yr + idle/breakdown. Authority: CFO + Asset Director sign-off.
Lever 2 — Terminate Idle Rentals
SAR 3.4M
Annual rental spend on idle units
Monthly recovery: SAR 286K
Idle rental units: 43
Contract review required. Notify suppliers 30 days prior per standard terms.
Lever 3 — Swap & Iron Law Exit
SAR 6.9M
Annual saving from swaps + Iron exits
Swap saving/mo: SAR 18K
Iron Law saving/mo: SAR 559K
Deploy 18 internal swap(s). Convert 305 Iron assets to lease. COO executes, CFO approves budget.
12-Month Cash Flow Projection — 3 Scenarios
Base: current burn + compliance front-load | Optimistic: swaps M3 + Iron exits M4 | Conservative: 3%/mo cost creep no action
■ Base ■ Optimistic ■ Conservative
Annual Base
SAR 189.3M
Annual Optimistic
SAR 184.7M
Annual Conservative
SAR 235.7M
06 — Supplier & Contract Intelligence
Monthly Spend by Supplier
Idle Waste Concentration by Supplier
Supplier Contractual Exposure Summary
Supplier Units Monthly Spend Annual Commitment Idle Units Idle Waste/Mo Risk
Alpha Fleet Solutions 62 SAR 411K SAR 4.9M 5 SAR 41K LOW
Sixt Saudi Arabia 62 SAR 389K SAR 4.7M 2 SAR 16K LOW
National Rental Arabia 55 SAR 350K SAR 4.2M 4 SAR 24K LOW
Theeb Rent A Car 51 SAR 317K SAR 3.8M 5 SAR 35K LOW
Gulf Fleet Services 54 SAR 314K SAR 3.8M 5 SAR 41K LOW
Budget Saudi Arabia 54 SAR 297K SAR 3.6M 6 SAR 41K LOW
Arabian Auto Agency 53 SAR 295K SAR 3.5M 4 SAR 15K LOW
Al Jabr Rent A Car 49 SAR 282K SAR 3.4M 3 SAR 31K LOW
⚑ Over-market rental detected: SAR 75K/year above benchmark rate across 1 units. Renegotiate at next contract renewal.
07 — Forward Exposure & Compliance Liability
Compliance Exposure
● TUV (185) SAR 2.8M
● MVPI (183) SAR 915K
● License (174) SAR 1.4M
Total SAR 5.1M
Ghost Fleet & Untracked Liabilities
Ghost Assets
12
Monthly Carry
SAR 108K
3-Month Audit Risk
SAR 325K
Lease Remaining
SAR 6.7M
Lease early termination liability: SAR 6.7M total remaining commitment across 376 lease assets.
30-Day Compliance Countdown
10 items
Forklift
TUV · Est. SAR 15K
EXP
EXPIRED
Boom Truck
TUV · Est. SAR 15K
EXP
EXPIRED
Backhoe Loader
TUV · Est. SAR 15K
EXP
EXPIRED
Roller Compactor
LICENSE · Est. SAR 8K
EXP
EXPIRED
Roller Compactor
DRV-TUV · Est. SAR 8K
EXP
EXPIRED
Mobile Crane
LICENSE · Est. SAR 8K
EXP
EXPIRED
Ambulance Van
TUV · Est. SAR 15K
EXP
EXPIRED
Roller Compactor
DRV-TUV · Est. SAR 8K
EXP
EXPIRED
Roller Compactor
MVPI · Est. SAR 5K
EXP
EXPIRED
Mini Excavator
LICENSE · Est. SAR 8K
EXP
EXPIRED