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44gb_GB09_000_Titel 26.02.2010 15:10 Uhr Seite 1 2010 Financial Calendar Audi 2009 ANNUAL REPORT Quarterly Report, 1st quarter May 3, 2010 Annual General Meeting May 20, 2010 Audi Forum Ingolstadt Interim Financial Report July 30, 2010 Quarterly Report, 3rd quarter November 2, 2010 t Repor Annual Rethinking luxury. AUDI AG Financial Communication/ 2009 85045 Ingolstadt Financial Analysis Communications A changing system of values: Germany I/FF-12 I/GP Phone +49 (0)841 89-0 Phone +49 (0)841 89-40300 Phone +49 (0)841 89-34084 inspiration for a new lifestyle Fax +49 (0)841 89-32524 Fax +49 (0)841 89-30900 Fax +49 (0)841 89-44040 Audi email [email protected] email [email protected] email [email protected] www.audi.com www.audi.com/investor-relations www.audi-mediaservices.com Audi Group Key Figures 10-Year Overview 2009 2008 Change in % IFRS 2000 2001 2002 2003 1) 2004 1) 2005 1) 2006 2007 2008 2009 Production Cars 932,260 1,029,041 -9.4 Production Cars 650,850 727,033 735,913 761,582 784,972 811,522 926,180 980,880 1,029,041 932,260 Engines 1,384,240 1,901,760 -27.2 Engines 1,187,666 1,225,448 1,284,488 1,342,883 1,485,536 1,695,045 1,895,695 1,915,633 1,901,760 1,384,240 Deliveries to customers Cars 1,145,360 1,223,506 -6.4 Deliveries to customers Audi brand 949,729 1,003,469 -5.4 Audi Group Cars 919,621 991,444 995,531 1,003,791 971,832 1,045,114 1,135,554 1,200,701 1,223,506 1,145,360 Germany 228,844 258,111 -11.3 Audi brand Cars 653,404 726,134 742,128 769,893 779,441 829,109 905,188 964,151 1,003,469 949,729 Outside Germany 720,885 745,358 -3.3 Germany Cars 239,644 254,866 243,650 237,786 235,092 247,125 257,792 254,014 258,111 228,844 Lamborghini brand 1,515 2,430 -37.7 Outside Germany Cars 413,760 471,268 498,478 532,107 544,349 581,984 647,396 710,137 745,358 720,885 Other Volkswagen Group brands 194,116 217,607 -10.8 Outside Germany Percent 63.3 64.9 67.2 69.1 69.8 70.2 71.5 73.7 74.3 75.9 Market share, Germany Percent 6.9 7.5 7.4 7.4 7.2 7.4 7.6 7.9 8.1 6.2 Workforce 1) Average 58,011 57,822 0.3 Lamborghini brand Cars 296 297 424 1,305 1,592 1,600 2,087 2,406 2,430 1,515 Other Volkswagen Group brands Cars 265,921 265,013 252,979 232,593 190,799 214,405 228,279 234,144 217,607 194,116 Revenue EUR million 29,840 34,196 -12.7 EBITDA 2) EUR million 3,379 4,610 -26.7 Workforce Average 49,396 51,141 51,198 52,689 53,144 52,412 52,297 53,347 57,822 2) 58,011 Operating profit EUR million 1,604 2,772 -42.1 Profit before tax EUR million 1,928 3,177 -39.3 From the Income Statement Profit after tax EUR million 1,347 2,207 -38.9 Revenue EUR million 19,952 22,032 22,603 23,406 24,506 26,591 31,142 33,617 34,196 29,840 Cost of materials EUR million 14,539 15,860 16,726 17,163 17,676 19,139 21,627 23,092 23,430 18,512 Operating return on sales Percent 5.4 8.1 Personnel costs EUR million 2,542 2,660 2,739 2,938 3,072 3,136 3,440 3,406 3,709 3,519 Return on sales before tax Percent 6.5 9.3 Personnel costs per employee EUR 51,456 52,018 53,496 55,763 57,798 59,834 65,771 63,846 64,467 60,656 Return on investment Percent 11.5 19.8 Depreciation and amortization EUR million 1,179 1,412 1,614 1,833 1,852 1,930 2,515 2,287 1,908 1,775 Operating profit EUR million 1,032 1,385 1,301 1,051 1,238 1,407 2,015 2,705 2,772 1,604 Total capital investments EUR million 1,844 2,486 -25.8 Profit before tax EUR million 971 1,286 1,219 1,101 1,143 1,310 1,946 2,915 3,177 1,928 Capitalized development costs 528 547 -3.4 Profit after tax EUR million 725 747 752 811 871 824 1,343 1,692 2,207 1,347 Depreciation and amortization EUR million 1,775 1,908 -7.0 Added value EUR million 3,590 3,892 4,000 4,287 4,585 4,801 6,156 6,634 7,072 5,293 Cash flow from operating activities EUR million 4,119 4,338 -5.0 From the Balance Sheet (Dec. 31) Balance sheet total (Dec. 31) EUR million 26,550 26,056 1.9 Non-current assets EUR million 7,039 7,685 8,308 8,588 8,970 8,597 8,285 8,325 9,537 9,637 Equity ratio (Dec. 31) Percent 40.0 39.6 Current assets EUR million 3,219 3,437 4,342 5,475 5,934 7,515 10,625 14,253 16,519 16,913 Equity EUR million 3,749 4,222 4,761 5,487 5,828 6,104 7,265 8,355 10,328 10,632 1) Prior-year figure slightly adjusted Liabilities EUR million 6,509 6,900 7,889 8,576 9,076 10,008 11,645 14,223 15,728 15,918 2) EBITD A = operating profit + balance from impairment losses (reversals) on property, plant and equipment, capitalized Balance sheet total EUR million 10,258 11,122 12,650 14,063 14,904 16,112 18,910 22,578 26,056 26,550 development costs, leased assets, goodwill and long-term investments as per the Cash Flow Statement From the Cash Flow Statement Cash flow from operating activities EUR million 2,058 2,393 2,440 2,786 2,690 3,252 4,428 4,876 4,338 4,119 Investing activities 3) EUR million 2,502 2,028 2,305 2,015 2,041 1,670 1,890 2,084 2,412 1,798 Net liquidity (Dec. 31) EUR million 827 1,093 877 1,530 2,033 3,391 5,720 7,860 9,292 10,665 Financial ratios Operating return on sales Percent 5.2 6.3 5.8 4.5 5.1 5.3 6.5 8.0 8.1 5.4 Return on sales before tax Percent 4.9 5.8 5.4 4.7 4.7 4.9 6.2 8.7 9.3 6.5 Equity ratio (Dec. 31) Percent 36.5 38.0 37.6 39.0 39.1 37.9 38.4 37.0 39.6 40.0 Audi share Share price (year-end price) 4) EUR 59.59 160.00 191.00 225.00 220.15 308.00 540.00 625.00 466.49 500.00 Compensatory payment EUR 1.20 1.30 1.30 1.05 1.05 1.15 1.25 1.80 1.93 X 5) 1) Financial data adjusted to take account of amendments to IAS 19 and IAS 38 2) Figure slightly adjusted 3) Not including securities, fixed deposits and loans 4) Year-end price on Munich Stock Exchange 5) In accordance with the resolution to be passed by the Annual General Meeting of Volkswagen AG on April 22, 2010 44gb_GB09_000_Titel 26.02.2010 15:10 Uhr Seite 1 2010 Financial Calendar Audi 2009 ANNUAL REPORT Quarterly Report, 1st quarter May 3, 2010 Annual General Meeting May 20, 2010 Audi Forum Ingolstadt Interim Financial Report July 30, 2010 Quarterly Report, 3rd quarter November 2, 2010 t Repor Annual Rethinking luxury. AUDI AG Financial Communication/ 2009 85045 Ingolstadt Financial Analysis Communications A changing system of values: Germany I/FF-12 I/GP Phone +49 (0)841 89-0 Phone +49 (0)841 89-40300 Phone +49 (0)841 89-34084 inspiration for a new lifestyle Fax +49 (0)841 89-32524 Fax +49 (0)841 89-30900 Fax +49 (0)841 89-44040 Audi email [email protected] email [email protected] email [email protected] www.audi.com www.audi.com/investor-relations www.audi-mediaservices.com 1 2 3 PROLOGUE Purely subjective: Listen to what various people understand by luxury: www.audi.com/ar2009/quotes 4 Hand-lettering: Petra Beiße Hand-lettering: Petra Editorial 2009 was a year we will remember for some very particular reasons: It was the year we celebrated the 100th anniver- sary of the Audi brand. But it was also a year of attempting to stave off the worst of a global economic crisis. All employees of the Audi Group pulled together in a concerted effort to ensure that the Company’s stable foundation was not undermined. We can now declare with pride that we have come through this rough period with great success. If the experience of recent months is anything to go by, those companies prioritizing values such as tradition, quality and a sense of responsibility have weathered the storm much better than those looking for rapid but equally fleeting success. We have always viewed our work in the context of responsible social action.