Experience D[R]Iversity
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Experience D[r]iversity. FACTSANDFIGURES NAVIGATOR2013 NAVIGATOR2013 FACTSANDFIGURES TABLE OF CONTENTS 3 The Volkswagen Group 4 Board of Management of Volkswagen AG 6 Supervisory Board 7 Key Figures 8 Five-Year Review 10 Volkswagen Share Key Figures 12 Share Price Development from Dec. 2007 to Dec. 2012 14 Production Network 16 Germany 16 Europe 20 North/South America 24 South Africa, Asia/Pacific 25 Environment and Transport 27 Deliveries of Vehicles to Customers by Market 28 Market Shares of New Passenger Car Registrations by Country 47 Developments in Workforce 48 Employees in Technical Development 52 General Procurement Information 54 Procurement Volumes by Brand and Company 54 Organizational Charts 55 Volkswagen Passenger Cars 55 Audi 56 SEAT 57 ãKODA 58 Bentley 59 Bugatti 60 Lamborghini 61 Porsche 62 Ducati 63 Volkswagen Commercial Vehicles 64 Scania 65 MAN SE 66 Volkswagen Financial Services AG 67 Historical Notes 68 The Model Range of the Volkswagen Group 94 Volkswagen Passenger Cars 96 Audi 105 SEAT 112 ãKODA 115 Bentley 119 Bugatti 120 Lamborghini 121 Porsche 122 Ducati 124 Volkswagen Commercial Vehicles 126 Scania 131 MAN SE 132 Other Business Fields 135 4 THE VOLKSWAGEN GROUP The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. In 2012, the Group increased the number of vehicles delivered to customers to 9.276 million (2011: 8.265 million), corresponding to a 12.8 percent share of the world passenger car market. In Western Europe, almost one in four new cars (24.4 percent) is made by the Volkswagen Group. Group sales revenue in 2012 totaled €193 billion (2011: €159 billion), while profit after tax amounted to €21.9 billion (2011: €15.8 billion). The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Each brand has its own character and operates as an in dependent entity on the market. The product spectrum ranges from motorcycles to lowconsumption small cars and luxury vehicles. In the commercial vehicle sector, the products in clude ranges from pickups, buses and heavy trucks. www.volkswagenag.com 5 The Volkswagen Group is also active in other fields of business, manufacturing largebore diesel engines for marine and stationary applications (turnkey power plants), turbochargers, turbomachinery (steam and gas turbines), compressors and chemical reactors. It also produces vehicle transmissions, special gear units for wind turbines, slide bearings and couplings as well as testing systems for the mobility sector. In addition, the Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet manage ment. The Group operates 100* production plants in 19 European countries and a further eight countries in the Americas, Asia and Africa. Every weekday, 550,000 employees worldwide produce some 37,700 vehicles, and work in vehiclerelated services or other fields of business. The Volks wagen Group sells its vehicles in 153 countries. The Group’s goal is to offer attractive, safe and environ mentally sound vehicles which can compete in an increasingly tough market and set world standards in their respective class. * Including Silao plant (Mexico) which started production in January 2013. December 31, 2012 6 BOARD OF MANAGEMENT OF VOLKSWAGEN AG Board of Management of Volkswagen Aktiengesellschaft Prof. Dr. rer. nat. Dr.-Ing. E. h. Martin Winterkorn Chairman, Research and Development Dr. rer. pol. h.c. Francisco Javier Garcia Sanz Procurement Prof. Dr. rer. pol. Dr.-Ing. E. h. Jochem Heizmann China Christian Klingler Sales and Marketing Dr.-Ing. E. h. Michael Macht Production Prof. Dr. rer. pol. Horst Neumann Human Resources and Organization Dr. h. c. Leif Östling Commercial Vehicles Hans Dieter Pötsch Finance and Controlling Prof. Rupert Stadler Chairman of the Board of Management of AUDI AG February 18, 2013 SUPERVISORY BOARD www.volkswagenag.com/ir 7 Hon.-Prof. Dr. techn. h.c. Hartmut Meine Dipl.-Ing. ETH Director of the Lower Saxony and Ferdinand K. Piëch Saxony-Anhalt Regional Office of Chairman IG Metall Berthold Huber Peter Mosch Deputy Chairman, Chairman of the General Works First Chairman of IG Metall Council of AUDI AG Bernd Osterloh Chairman of the General and Group Dr. Hussain Ali Al-Abdulla Works Councils of Volkswagen AG Vice Chairman of Quatar Holding LLC Dr. jur. Hans Michel Piëch Khalifa Jassim Al-Kuwari Lawyer in private practice Adviser to the CEO of Qatar Holding LLC Ursula Piëch Kindergarten teacher with Jürgen Dorn additional qualifications in Chairman of the Group Work Council Business and Law of MAN SE Dr. jur. Ferdinand Oliver Porsche Annika Falkengren Member of the Board of President and Group Chief Executive Management of Familie Porsche AG of Skandinaviska Enskilda Banken AB Beteiligungsgesellschaft Dr. jur. Hans-Peter Fischer Dr. rer. comm. Wolfgang Porsche Chairman of the Board of Manage- Chairman of the Supervisory Board ment of Volkswagen Management of Porsche Automobil Holding SE; Association Chairman of the Supervisory Board of Dr. Ing. h.c. F. Porsche AG Uwe Fritsch Chairman of the Works Council at Stephan Weil the Volkswagen AG Braunschweig Minister-President of the plant Federal State of Lower Saxony Babette Fröhlich Stephan Wolf IG Metall, Department head for Deputy Chairman of the General coordination of Executive Board Works Council of Volkswagen AG duties and planning Thomas Zwiebler Olaf Lies Chairman of the Works Council Minister of Economic Affairs, Labor Volkswagen Commercial Vehicles and Transport for the Federal State of Lower Saxony February 19, 2012 8 KEY FIGURES VOLKSWAGEN GROUP Volume Data 1 2012 2011 % Vehicle sales (units) 9,344,559 8,361,294 + 11.8 Production (units) 9,255,384 8,494,280 + 9.0 Employees at Dec. 31 549,763 501,956 + 9.5 Financial Data (IFRSs), € million 2012 2011 % Sales revenue 192,676 159,337 + 20.9 Operating profit 11,510 11,271 + 2.1 Profit before tax 25,492 18,926 + 34.7 Profit after tax 21,884 15,799 + 38.5 Profit attributable to shareholders of Volkswagen AG 21,717 15,409 + 40.9 Cash flows from operating activities 7,209 8,500 – 15.2 Cash flows from investing activities attributable to operating activities 16,840 16,002 + 5.2 Automotive Division 2 EBITDA 3 19,906 17,815 + 11.7 Cash flows from operating activities 16,232 17,109 – 5.1 Cash flows from investing activities attributable to operating activities 4 16,455 15,998 + 2.9 of which: investments in property, plant and equipment 10,271 7,929 + 29.5 as a percentage of sales revenue 5.9 5.6 capitalized development costs 2,615 1,666 + 56.9 as a percentage of sales revenue 1.5 1.2 Net cash flow – 223 1,112 x Net liquidity at Dec. 31 10,573 16,951 – 37.6 Return ratios in % 2012 2011 Return on sales before tax 13.2 11.9 Return on investment after tax (Automotive Division) 16.6 17.7 Return on equity before tax (Financial Services Division) 5 13.1 14,0 www.volkswagenag.com/ir 9 VOLKSWAGEN AG Volume Data 2012 2011 % Vehicle sales (units) 2,580,266 2,661,327 – 3.0 Production (units) 1,148,774 1,215,058 – 5.5 Employees at Dec. 31 101,794 97,691 + 4.2 Financial Data (HGB), € million 2012 2011 % Sales 68,361 67,178 + 1.8 Net income for the year 6,380 3,418 + 86.7 1) Volume data including the unconsolidated Chinese joint ventures. 2) Including allocation of consolidation adjustments between the Automotive and Financial Services divisions. 3) Operating profit plus net depreciation / amortization and impairment losses / reversals of impairment losses on property, plant and equipment, capitalized development costs, leasing and rental assets, goodwill and financial assets as reported in the cash flow statement. 4) Excluding acquisition and disposal of equity investments: €12,528 million (€9.371 million). 5) Profit before tax as a percentage of average equity. December 31, 2012 10 FIVE-YEAR REVIEW Volume Data (thousands) Vehicle Sales (units) Germany Abroad Production (units) Germany Abroad Employees (yearly average) Germany Abroad Financial Data (in € million) Sales revenue Profit before tax Profit after tax Cash flows from operating activities* Cash flows from investing activities attributable to operating activities* * 2008 adjusted. www.volkswagenag.com/ir 11 2012 2011 2010 2009 2008 9,345 8,361 7,278 6,310 6,272 1,207 1,211 1,059 1,288 1,013 8,137 7,150 6,219 5,022 5,259 9,255 8,494 7,358 6,055 6,347 2,321 2,640 2,115 1,938 2,146 6,934 5,854 5,243 4,117 4,201 533 454 389 367 357 237 196 178 173 178 296 258 210 194 179 2012 2011 2010 2009 2008 192,676 159,337 126,875 105,187 113,808 25,492 18,926 8,994 1,261 6,608 21,884 15,799 7,226 911 4,688 7,209 8,500 11,455 12,741 2,702 16,840 16,002 9,278 10,428 11,613 December 31, 2012 12 VOLKSWAGEN SHARE KEY FIGURES Dividend development Number of no-par value shares at Dec. 31 Ordinary shares thousands Preferred shares thousands Dividend per ordinary share € per preferred share € Share price development 1 Ordinary shares Closing € Annual high € Annual low € Preferred shares Closing € Annual high € Annual low € Market capitalization at Dec. 31 € billion Equity attributable to shareholders of Volkswagen AG at Dec. 31 € billion Ratio of market capitalization to equity factor Key figures per share Earnings per ordinary share € basic € diluted 2 € Operating profit 2 € Cash flows from operating activities 3 € Equity Price/earnings ratio ordinary share factor preferred share factor 4 Price/cash flow ratio factor Dividend yield ordinary share % preferred share % Turnover on German stock exchanges 5 Turnover of Volkswagen ordinary shares € billion million shares Turnover of Volkswagen preferred shares € billion million shares Volkswagen share of total DAX turnover % 1) Xetra prices.