The effect of the shared economy on financial services from a carshare perspective Justin Passaportis ©GoGet This presentation has been prepared for the 2016 Financial Services Forum. The Institute Council wishes it to be understood that opinions put forward herein are not necessarily those of the Institute and the Council is not responsible for those opinions.

My first car

What is carshare? Membership based access to vehicles- usually for shorter trips Vehicles parked locally Self service, 24/7 Business or personal use Mostly return to home model Also one-way systems that can be point to point or free floating

Background on carshare Born to solve issue of underutilised personal car... applicable to biz too With soaring populations in cities, limited space and increasing congestion, so demand for carshare increases GoGet Fleet and Member Growth

...enabled by technology In house, custom designed... Booking, fleet & customer management systems Telematics, access control, remote disable, GPS & km recording Concept of sharing been around for ages. Technology enables us to do it on a larger scale

GoGet app interface

Harnessing technology- data ---graphic removed---

*Courtesy of City of Port Phillip

Why carshare? Cheaper, Easier, Greener Cost savings, “sweating” the asset Accessibility and convenience Less parking pressure and congestion Members reduce total km travelled by car by up to 50% Each shared car removes 10 others from the road in a time of “peak car”

Governments embracing carshare...

Business Transport Options Pool or Fleet Effective if well used May be tool of trade Logbook & admin process Consider parking cost Taxi or Uber Good for A to B Option for trips within CBD Relatively expensive Expense reconciliation Uber may not be endorsed Public Transport Low cost Good for A to B Option for trips within CBD Need to stick to timetable Limited access Car Rental Viable for longer journeys Consider time to depot, paperwork Usually approved mode of transport Car Share Hourly or daily bookings Easy access Good for short trips Around town travel and site visits etc Can be used as excess fleet Only pay for usage

GoGet Business Example: Replaces taxis & grey fleet 2015 GoGet Business member survey

GoGet case study – cost of parking vs usage Large engineering firm in Melbourne CBD 25 pool cars (spending over $10,000 parking per month) Joined GoGet, spending 1/3 of parking cost on carshare use and removed all pool cars, running tool of trade vehicles only

Carshare Integration

“Reimagine the future” Carshare: an integral transition to driverless vehicles Community of early adopters, progressive thinkers Want access rather than ownership Self-driving car project with UNSW Research Centre for Integrated Transport Innovation

My last car?

Justin Passaportis General Manager - Victoria & South Australia goget carshare Why own a car when you can GoGet!