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Annual Report 2008/09 Porsche Group Highlights

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Annual Report 2008/09 Porsche Group Highlights Annual Report 2008/09 Porsche group highlights 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 HGB HGB HGB HGB IFRS IFRS IFRS IFRS IFRS IFRS Revenue € million3,648 4,441 4,857 5,583 6,148 6,574 7,2732) 7,368 7,466 57,081 Revenue Domestic € million 893 1,001 1,121 1,483 1,214 1,267 1,234 1,326 1,365 16,328 Domestic Export € million 2,7553,440 3,736 4,100 4,934 5,307 6,039 6,042 6,101 40,753 Export Vehicle sales (new cars) total units 48,797 54,586 54,234 66,803 76,827 88,379 96,794 97,515 98,652 3,082,837 Vehicle sales (new cars) total Vehicle sales (new cars) Volkswagen subgroup units – – – – – – – – – 3,007,599 Vehicle sales (new cars) Volkswagen subgroup Vehicle sales (new cars) Porsche subgroup units 48,797 54,586 54,234 66,803 76,827 88,379 96,794 97,515 98,652 75,238 Vehicle sales (new cars) Porsche subgroup Domestic Porsche units 11,754 12,401 12,825 13,896 12,176 13,902 13,921 14,314 13,524 12,291 Domestic Porsche Export Porsche units 37,043 42,185 41,409 52,907 64,651 74,477 82,873 83,201 85,128 62,947 Export Porsche 911 units 23,050 26,721 32,337 27,789 23,704 27,826 34,386 37,415 31,423 27,070 911 Boxster/Cayman3) units 25,747 27,865 21,897 18,411 12,988 18,009 27,906 26,146 21,747 13,140 Boxster/Cayman3) Cayenne units – – – 20,603 39,913 41,884 34,134 33,943 45,478 34,265 Cayenne Panamera units – – – – – – – – 0 763 Panamera Carrera GT & RS Spyder units – – – – 222 660 368 11 4 0 Carrera GT & RS Spyder Production total units 48,815 55,782 55,050 73,284 81,531 90,954 102,602 101,844 105,162 2,899,388 Production total Production Volkswagen subgroup units – – – – – – – – – 2,822,649 Production Volkswagen subgroup Production Porsche subgroup units 48,815 55,782 55,050 73,284 81,531 90,954 102,602 101,844 105,162 76,739 Production Porsche subgroup 911 units 22,950 27,325 33,061 29,564 26,650 28,619 36,504 38,959 34,303 27,776 911 Boxster/Cayman3) units 25,865 28,457 21,989 18,788 13,462 20,321 30,680 26,712 22,356 14,403 Boxster/Cayman3) Cayenne units – – – 24,925 41,149 41,299 35,128 36,169 48,497 32,640 Cayenne Panamera units – – – – – – – – 3 1,920 Panamera Carrera GT & RS Spyder units – – – 7 270 715 290 4 3 0 Carrera GT & RS Spyder Employees (at year-end) number 9,320 9,752 10,143 10,699 11,668 11,878 11,384 11,571 12,202 375,959 Employees (at year-end) Personnel expenses € million 631 710 799 850 950 965 1,037 1,264 1,359 9,038 Personnel expenses Financials Financials Total assets € million 2,205 2,892 5,409 6,315 9,014 9,710 14,641 23,332 45,577 213,565 Total assets Shareholders' equity € million 782 1,053 1,467 1,755 2,921 3,420 5,338 9,481 16,846 48,479 Shareholders' equity Fixed assets € million 578 732 2,208 2,663 2,380 2,428 5,681 9,760 11,168 85,066 Fixed assets Capital expenditures € million 244 294 1,120 1,295 1,111 919 4,083 3,881 1,383 22,410 Capital expenditures Depreciation € million197 133 279 392 382 511 489 532 569 6,169 Depreciation Income before tax € million 434 592 829 933 1,137 1,238 2,1102) 5,857 8,569 -4,405 Income before tax Net income € million 210 271 462 565 690 779 1,3932) 4,242 6,392 -3,578 Net income Dividends paid in total € million 26 45 297 59 70 87 157 385 472 8 Dividends paid in total Dividends per share1) Dividends per share1) Ordinary share € 0.148 0.254 0.294+1.40 0.334 0.394 0.494 0.594+0.30 0.694+1.50 0.694+2.00 0.044 Ordinary share Preference share € 0.153 0.26 0.300+1.40 0.34 0.4 0.5 0.600+0.30 0.700+1.50 0.700+2.00 0.050 Preference share Earnings per ordinary share1) € – – – – 3.963 4.468 7.81 23.98 35.943 -14.455 Earnings per ordinary share1) Earnings per preference share1) € – – – – 3.969 4.474 7.822 23.986 35.949 -14.455 Earnings per preference share1) 1) The years up until 2007/08 have been adjusted according to the share split in fiscal year 2000/01 and 2007/08. 2) Incl. figures from discontinued operations of CTS group 3) Cayman from fiscal year 2005/06 Annual Report 2008 ⁄ 09 To our shareholders 04 Letter from the executive board 07 Company boards 08 Report of the supervisory board The Company 14 Group management report 16 Recent developments 19 Business development 26 Capital market 28 Net assets, financial position and results of operations 34 Summary pursuant to German Commercial Code (HGB) 37 Value-enhancing factors 67 Opportunities and risks of future development 86 Subsequent events Remuneration report 87 Forecast report and outlook 90 Corporate governance report 98 Markets 110 Models 120 Environment 132 Motor Sports Financials 141 Consolidated income statement 143 Consolidated balance sheet 144 Consolidated statement of cash flows 146 Statement of changes in equity 148 Notes to the consolidated financial statements 242 Responsibility statement 243 Audit opinion 244 Membership in other statutory supervisory boards 247 Balance sheet of Porsche Automobil Holding SE 248 Income statement of Porsche Automobil Holding SE 249 Significant equity investments 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