Deutsche Bahn 2012 Annual Report Deutsche Bahn Deutsche at a Glance
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Our future: Sustainably successful 2012 Annual Report Deutsche Bahn 2012 Annual Report Deutsche Bahn Deutsche At a glance CHANGE æ Selected key figures 2012 2011 absolute % KEY FINANCIAL FIGURES — € MILLION Revenues adjusted 39,296 37,901 +1,395 +3.7 Revenues comparable 38,567 37,900 + 667 +1.8 Profit before taxes on income 1,548 1,359 +189 +13.9 Net profit for the year 1,477 1,332 +145 +10.9 EBITDA adjusted 5,601 5,141 + 460 + 8.9 EBIT adjusted 2,708 2,309 +399 +17.3 Non-current assets as of Dec 31 44,206 44,059 +147 + 0.3 Current assets as of Dec 31 8,284 7,732 + 552 +7.1 Equity as of Dec 31 15,934 15,126 + 808 + 5.3 Net financial debt as of Dec 31 16,366 16,592 –226 –1.4 Total assets as of Dec 31 52,490 51,791 + 699 +1.3 Capital employed as of Dec 31 32,691 31,732 + 959 +3.0 Return on capital employed (ROCE) (%) 8.3 7.3 – – Redemption coverage (%) 22.1 20.5 – – Gearing (%) 103 110 – – Net financial debt /EBITDA 2.9 3.2 – – Gross capital expenditures 8,053 7,501 + 552 +7.4 Net capital expenditures 3,487 2,569 + 918 +35.7 Cash flow from operating activities 4,094 3,390 +704 +20.8 KEY PERFORMANCE FIGURES Passengers 1) (million) 4,181 2,738 +1,443 + 52.7 raiL paSSENGER traNSport Passengers 2) (million) 2,035 1,981 + 54 +2.7 thereof in Germany 1,974 1,925 + 49 +2.5 Volume sold 2) (million pkm) 82,366 79,228 +3,138 + 4.0 Volume produced (million train-path km) 760.2 759.8 + 0.4 + 0.1 raiL FREIGHT traNSport Freight carried (million t) 398.7 411.6 –12.9 –3.1 Volume sold (million tkm) 105,894 111,980 – 6,086 – 5.4 RaiL INFraStrUctURE Train kilometers on track infrastruture (million train-path km) 1,039 1,051 –12 –1.1 thereof non-Group railways 230.6 219.9 +10.7 + 4.9 Share of non-Group railways (%) 22.2 20.9 – – Station stops (million) 146.4 145.2 +1.2 + 0.8 thereof non-Group railways 26.6 24.7 +1.9 +7.7 BUS traNSport Passengers 2) (million) 725.4 756.3 –30.9 – 4.1 Volume sold 2) (million pkm) 8,421 8,763 –342 –3.9 Volume produced (million bus km) 1,424 1,481 – 57 –3.8 FrEIGHT FORWardiNG AND LOGISticS Shipments in European land transport (thousand) 95,325 95,836 – 511 – 0.5 Air freight volume (export) (thousand t) 1,095 1,149 – 54 – 4.7 Ocean freight volume (export) (thousand TEU) 1,905 1,763 +142 + 8.1 OTHER FIGURES Order book passenger transport as of Dec 31 (€ billion) 79.5 78.5 +1.0 +1.3 Length of line operated 33,505 33,576 –71 – 0.2 Passenger stations 5,645 5,685 – 40 – 0.7 Employees as of Dec 31 (FTE) 287,508 284,319 +3,189 +1.1 Rating Moody’s/Standard & Poor’s/Fitch Aa1 /AA/AA Aa1 /AA/AA – – 1) Previous year excluding Arriva (2012 excluding Arriva: 2,760 million, + 0.8 %). 2) Excluding Arriva. World-wide presence DB Bahn Long-Distance ASIA/PACIFIC Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Cambodia, EUROPE China, Hong Kong, India, Indonesia, Iran, Iraq, Israel, Japan, Austria, Belgium, Czech Republic, Denmark, France, Germany, Jordan, Kazakhstan, Kirgistan, Korea, Kuwait, Laos, Lebanon, Hungary, the Netherlands, Poland, Switzerland Macau, Malaysia, Maldives, Mauritius, Mongolia, Myanmar, Nepal, New Zealand, Oman, Pakistan, Palestinian areas, Philippines, DB Bahn Regional Qatar, Saudi Arabia, Singapore, Sri Lanka, Syria, Taiwan, Tajikistan, EUROPE Thailand, Turkmenistan, United Arab Emirates, Uzbekistan, Germany Vietnam, Yemen DB Arriva AFRICA EUROPE Algeria, Angola, Botswana, Djibouti, Egypt, Ethiopia, Ghana, Czech Republic, Denmark, Great Britain, Hungary, Italy, Malta, Kenya, Lesotho, Madagascar, Malawi, Mauretania, Morocco, the Netherlands, Poland, Portugal, Slovakia, Spain, Sweden Mozambique, Namibia, Nigeria, Senegal, South Africa, Sudan, Tunisia, Uganda, United Republic of Tanzania, Zambia, Zimbabwe DB Schenker Rail AMERICAS EUROPE Argentina, Aruba, Barbados, Bolivia, Brazil, Canada, Chile, Albania, Austria, Belarus, Belgium, Bosnia, Bulgaria, Croatia, Columbia, Costa Rica, Cuba, Curaçao, Dominican Republic, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Ecuador, El Salvador, Guatemala, Guyana, Honduras, Mexico, Britain, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Nicaragua, Panama, Paraguay, Peru, Trinidad and Tobago, Macedonia, the Netherlands, Norway, Poland, Portugal, Romania, Uruguay, USA, Venezuela Russia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey DB Services DB Schenker Logistics EUROPE EUROPE Germany Albania, Austria, Belarus, Belgium, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, DB Netze Track Georgia, Germany, Great Britain, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Republic EUROPE of Moldova, the Netherlands, Norway, Poland, Portugal, Romania, Germany Russia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine DB Netze Stations EUROPE Germany DB Netze Energy EUROPE Germany Our fleetand networks World-wide presence /Our fleet and networks DB2020 STRATEGY Our future: Sustainably successful DB2020 strategy As an eco-pioneer, our products set benchmarks for the efficient use of resources. As a top employer, we attract and retain qualified employees who are enthusiastic about working for DB Group and our customers. As a profitable market leader, we offer our customers first-class mobility and logistics solutions. Sustainable strategy DB2020 Strategy Tackling economic, social and environmental issues together Our vision is to become the world’s leading mobility and logistics company. If we want to ensure long-term business success, it is essential to adopt a harmonized approach to tackling economic, social and environmental issues. We aim to become a profitable market leader with a strong focus on quality and the customer, taking on a leading position in all of our markets. If we are to attain this goal, we need employees who work enthusiastically for the company and our customers. We want to attract and retain these employees by being a top employer. As environmentally friendly activities are part of our brand and service promise, we have an ambitious goal: We want to be eco-pioneers. This is because we know that our business can only be successful in the long term if our environment is kept safe. DB2020 strategy 3 dimensions – 4 strategic directions Prof ion tab ct le du gr Economic re ow Environmental e t is h o n d n a s n o i s s i m e C / u n s o t i o t m a v e r r e a s n e r d p q e u c a r l u i t o y s e R C ion ult ct ura isfa l cha e sat nge/employe Social Economic As a profitable market leader, we offer our customers first-class mobility and logistics solutions. Economic Taking on leading positions in our markets as a profitable market leader Being a profitable market leader means that we win over our customers with our first-class range of top-quality services. In the year 2020, we want to achieve revenues of € 70 billion, which would mean doubling revenues within ten years. Ensuring reasonable profitability and the financial stability of the company are the central pillars of this goal for us. Our aim is to ensure a return on capital employed of a minimum of 10 % and redemption coverage of a minimum of 30 % (redemption of financial debt based on cash generated from operating activities within three years). Our focus in this regard is to take advantage of market opportunities and to consistently and sustainably develop high-quality businesses. DB2020 goals Doubling of revenues by 2020 (base year: 2010; figures in € million) 70,000 34,410 2012 2020 Social As a top employer, we attract and retain qualified employees who are enthusiastic about working for DB Group and our customers. Social Taking up leading positions nationally and internationally as a top employer As a leading mobility and logistics service provider, people are the linchpin of our business. We feel that satisfied employees are a prerequisite for satisfied customers, which makes them essentialto our long-term business success. With this in mind, we want to be one of Germany’s top 10 employers by 2020, as well as taking up leading positions internationally. To achieve this, we have decided to increase our attractiveness as an employer, improve employee satisfaction in the long term and strengthen our position in the face of demographic challenges. We therefore want to ensure that our employees can enjoy working within DB Group throughout their entire career, no matter what point they are at in their professional and personal life. DB2020 goals To be one of the top 10 employers in Germany (ranking position) Top 10 Top 40 2012 2020 Environmental As an eco-pioneer, our products set benchmarks for the efficient use of resources. Environmental Building on our leading environmental position as an eco-pioneer As a leading international mobility and logistics company, we are responsible for environmentally friendly transport. Environmentally friendly activities are part of our brand and service promise. Rail transport is already miles ahead of other means of transport in environmental terms. Environmentally friendly services will, in the future, be an – if not the – essential factor behind the purchasing decisions of more and more customers. Our major business customers have ambitious climate protection goals, which means demand for transport services with lower CO₂ emissions is growing. Our aim is to offer a wide variety of greener products and services, with the specific goal of reducing carbon emissions by 20 % by 2020. Our rail transport activities in Germany are to be operated with 100 % eco power by 2050.