U-Haul 2006 Annual Report Download - page 87

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Self-storage is a natural outgrowth of the self-moving industry. Conveniently located U-Haul self-storage rental
facilities provide clean, dry and secure space for storage of household and commercial goods, with storage units
ranging in size from 6 square feet to 845 square feet. We operate nearly 1,045 self-storage locations in North
America, with more than 377,750 rentable rooms comprising approximately 33.2 million square feet of rentable
storage space. Our self-storage centers feature a wide array of security measures, ranging from electronic property
access control gates to individually alarmed storage units. At many centers, we offer climate controlled storage
rooms to protect temperature sensitive goods such as video tapes, albums, photographs and precious wood furniture.
Additionally, we offer moving and storage protection packages such as Safemove and Safetow, protecting moving
and towing customers with a damage waiver, cargo protection and medical and life coverage, and Safestor,
protecting storage customers from loss on their goods in storage.
Our eMove web site, www.emove.com, is the largest network of customers and businesses in the self-moving and
self-storage industry. The eMove network consists of channels where customers, businesses and service providers
transact business. The eMove Moving Help marketplace connects “do-it-yourself” movers with independent service
providers to assist movers pack, load, unload, clean, drive and other services. Thousands of independent service
providers already participate in the eMove network.
Through the eMove Storage Affiliate Program, independent storage businesses can join the world’ s largest storage
reservation system. Self-storage customers making a reservation through eMove can access all of the U-Haul self-
storage centers and all of our independent storage affiliate partners for even greater convenience to meet their self-
storage needs.
Description of Operating Segments
AMERCO has four reportable segments. They are Moving and Storage Operations (AMERCO, U-Haul and Real
Estate), Property and Casualty Insurance, Life Insurance and SAC Holding II Corporation and its subsidiaries
(“SAC Holding II”) for fiscal 2006 and fiscal 2005 and SAC Holdings for fiscal 2004 (see Note 2 to the Notes to
Consolidated Financial Statements, Principles of Consolidation).
Financial information for each of our Operating Segments is included in the Notes to Consolidated Financial
Statements as part of Item 8 of this report.
Moving and Storage Operating Segment
Our “do-it-yourself” moving business consists of U-Haul truck and trailer rentals and U-Haul moving supply and
service sales. Our storage business consists of U-Haul self-storage room rentals, self-storage related products and
service sales and management of non-owned self-storage facilities.
Net revenue from our Moving and Storage operating segment were approximately 90.2%, 89.2% and 81.3% of
consolidated net revenue in fiscal 2006, 2005 and 2004, respectively.
During fiscal 2006, the Company added over 15,500 new trucks and over 3,000 new trailers to our existing rental
fleet. These additions were a combination of U-Haul manufactured vehicles and purchases. As new trucks were
added to the fleet, the Company rotated out of the fleet older trucks keeping the overall fleet size constant. The
continued expansion and upgrading of our rental fleet will allow us to enter new markets and to achieve better
utilization in existing markets.
Within our truck and trailer rental operation we are focused on expanding our independent dealer network to
provide added convenience for our customers. U-Haul has approximately 13,950 dealers which are independent
contractors, and are exclusive to U-Haul International, Inc. An independent dealer must maintain a singular fleet of
U-Haul vehicles. U-Haul maximizes vehicle utilization by effective distribution of the truck and trailer fleets among
the Company’ s centers and independent dealers. Utilizing its sophisticated reservations management system, the
Company’ s centers and dealers electronically report their inventory in real-time, which facilitates matching
equipment to customer demand.
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