OUR BUSINESS IS THE FUTURE ANNUAL REPORT 2016 / 2017 More in Sight Overview of Deutsche Leasing Austria / Vienna Ireland / Dublin Romania / Bucharest Belgium /Figures Antwerp inEUR million Italy / Milan 2016Russia / 2017 / Moscow2015 / 2016 2014 / 2015 2013 / 2014 2012 / 2013 Bulgaria / Sofia Luxembourg / Luxembourg Slovakia / Bratislava Czech RepublicNew business/ Prague Netherlands / Amsterdam Spain / Barcelona France / ParisDeutsche Leasing Poland / Warsaw Sweden7.233 / Stockholm 7.229 6.871 6.767 6.580 Hungary / Budapest Portugal / Lisbon United Kingdom / London DAL 1.623 1.429 1.347 1.085 1.175 Deutsche Leasing Group 8.856 8.658 8.218 7.852 7.755 Assets under Management Deutsche Leasing 25.507 24.563 22.730 21.992 21.647 DAL 11.323 10.753 10.965 11.304 11.880 Deutsche Leasing Group 36.830 35.316 33.695 33.296 33.527 Balance sheet total 19.355 18.682 16.589 16.190 15.891 Net asset value 1.923 1.855 1.793 1.742 China / Shanghai1.666 Equity 799 765 673 629 596 Economic result 153 148 137 128 139 Employees Deutsche Leasing 1.826 1.777 1.737 1.721 1.666 DAL 261 252 247 246 239 Participations 439 452 328 232 231 FACTS AND FIGURES FACTS New business of the Deutsche Leasing Group New business of the Deutsche Leasing Group by business segment Germany / Other Countries 6 % Information and commu- nication technology 2,2 Mrd. EUR 8 % Other Countries Real estate 10Deutsche % Leasing EnergyIN andGERMANY transport 54 % In Germany you benefit from our broad Machinerypresence. and Thanks to a nationwide network of branch offices equipment 6,7 Mrd. EUR and22 subsidiaries, % we can bring your investment ideas to life together with you at a local level. If you Germany areRoad a customer vehicles of one of the around 400 savings banks in Germany, you can obtain our finance and other services directly from your local savings bank. In partnership with Sparkassen-Finanzgruppe, our experts will support you together with your savings bank’s customer relationship managers in your local region. For further information on Deutsche Leasing’s offices in Germany please visit www.deutsche-leasing.com THE FUTURE IS OUR BUSINESS Upgrading security, accelerating processes, strengthening our market position – the time to begin thinking about the future of our business is now. Deutsche Leasing is your partner for investments in the world of tomorrow. Your partner for tackling challenges. Your partner for shaping the future. Deutsche Leasing INTERNATIONALLY Rising to international challenges while optimising investment solutions – this is a task Austria / Vienna Ireland / Dublin Romania / Bucharest which we love to solve. We are ready to provide you with direct, on-site assistance Belgium / Antwerp Italy / Milan Russia / Moscow through our know-how and our leasing and other services, in your own language or in Bulgaria / Sofia Luxembourg / Luxembourg Slovakia / Bratislava German or English. Our leasing concepts are tailored to your specific role as an exporter Czech Republic / Prague Netherlands / Amsterdam Spain / Barcelona or investor and reflect local conditions in your country. You will find in us a partner who France / Paris Poland / Warsaw Sweden / Stockholm thinks and acts as globally as you do yourself. Hungary / Budapest Portugal / Lisbon United Kingdom / London Canada / Halifax USA / Chicago China / Shanghai FACTS AND FIGURES FACTS Brazil / São Paulo Bad Homburg v. d. Höhe / Group Headquarters Berlin / Eastern Region Bremen / Deutsche Factoring Bank Fernwald nr. Gießen / AutoExpo Hamburg / Northern Region Deutsche Leasing Leipzig / Eastern Region IN GERMANY Mainz / DAL Deutsche Anlagen-Leasing Monheim / Western Region In Germany you benefit from our broad presence. Thanks to a nationwide network of branch offices München / Southern Region and subsidiaries, we can bring your investment ideas to life together with you at a local level. If you Münster / Western Region are a customer of one of the around 400 savings banks in Germany, you can obtain our finance and Nürnberg / Southern Region other services directly from your local savings bank. In partnership with Sparkassen-Finanzgruppe, Ratingen / Deutsche Factoring Bank our experts will support you together with your savings bank’s customer relationship managers in Stuttgart / South-Western Region your local region. For further information on Deutsche Leasing’s offices in Germany please visit www.deutsche-leasing.com Deutsche Leasing INTERNATIONALLY Rising to international challenges while optimising investment solutions – this is a task Austria / Vienna Ireland / Dublin Romania / Bucharest which we love to solve. We are ready to provide you with direct, on-site assistance Belgium / Antwerp Italy / Milan Russia / Moscow through our know-how and our leasing and other services, in your own language or in Bulgaria / Sofia Luxembourg / Luxembourg Slovakia / Bratislava German or English. Our leasing concepts are tailored to your specific role as an exporter Czech Republic / Prague Netherlands / Amsterdam Spain / Barcelona or investor and reflect local conditions in your country. You will find in us a partner who France / Paris Poland / Warsaw Sweden / Stockholm thinks and acts as globally as you do yourself. Hungary / Budapest Portugal / Lisbon United Kingdom / London Canada / Halifax USA / Chicago China / Shanghai FACTS AND FIGURES AND FIGURES FACTS FACTS Brazil / São Paulo Bad Homburg v. d. Höhe / Group Headquarters Berlin / Eastern Region Bremen / Deutsche Factoring Bank Fernwald nr. Gießen / AutoExpo Hamburg / Northern Region Deutsche Leasing Leipzig / Eastern Region IN GERMANY Mainz / DAL Deutsche Anlagen-Leasing Monheim / Western Region In Germany you benefit from our broad presence. Thanks to a nationwide network of branch offices München / Southern Region and subsidiaries, we can bring your investment ideas to life together with you at a local level. If you Münster / Western Region are a customer of one of the around 400 savings banks in Germany, you can obtain our finance and Nürnberg / Southern Region other services directly from your local savings bank. In partnership with Sparkassen-Finanzgruppe, Ratingen / Deutsche Factoring Bank our experts will support you together with your savings bank’s customer relationship managers in Stuttgart / South-Western Region your local region. For further information on Deutsche Leasing’s offices in Germany please visit www.deutsche-leasing.com 2016 2017 OUR BUSINESS IS THE FUTURE DEUTSCHE LEASING /1 Our company 2 Management Board’s letter 8 Supervisory Board’s report 10 OUR BUSINESS IS THE FUTURE 10 A source of growth – Sparkasse Solutions from a single source 14 Maximising flexibility – Stahlkontor Liquid funds for solid steel 18 Boosting operational efficiency – CompuGroup Digitalisation in a software company 22 Successfully working together – Bystronic A financing alternative as a sales argument 26 Increasing planning security – Jandt Trust constitutes security 30 Expanding capacities – Fiege The right financing solution – satisfied customers /2 Consolidated management report 36 Overview for the financial year and outlook 37 Basic information regarding the Deutsche Leasing Group 41 Economic report 53 Report on risks and opportunities and forecast report 64 Deutsche Sparkassen Leasing AG & Co. KG Consolidated financial statements /3 70 Consolidated balance sheet 72 Consolidated statement of profit and loss 74 Notes to the consolidated financial statements 90 Statement of changes in equity 92 Statement of cash flows Group information /4 97 Auditor’s report 98 Shareholders 99 Supervisory Board 101 Management Board 101 Senior Management 104 Corporate Structure 106 Addresses 108 Imprint 2016 2017 OUR BUSINESS IS THE FUTURE DEUTSCHE LEASING OUR COMPANY CONSOLIDATED MANAGEMENT REPORT MANAGEMENT CONSOLIDATED Our Company 2 Management Board’s letter 8 Supervisory Board’s report 10 OUR BUSINESS IS THE FUTURE CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL CONSOLIDATED GROUP INFORMATION GROUP 1 / 1 OUR COMPANY Kai Ostermann Chief Executive Officer Friedrich Jüngling Management Board member Rainer Weis Management Board member Matthias Laukin Management Board member 2 2016 2017 OUR BUSINESS IS THE FUTURE DEUTSCHE LEASING MANAGEMENT BOARD’S LETTER Dear customers and business partners, we used the financial year 2016/2017 in order to initiate and follow through on targeted measures to ensure Deutsche Leasing’s successful future development. Through our reorganisation in relation to our markets, we intend to fulfil our customers’ various needs in a more differentiated manner while exploiting Sparkassen-Finanz- gruppe’s potential even more effectively. In our business with SME and savings banks customers, we offer a comprehensive service portfolio in the fields of leasing and movable investment asset financing, from solutions-oriented support for individual projects to processing of small-volume stand- ard transactions. In the area of specialist transactions and project business, under the REPORT MANAGEMENT CONSOLIDATED umbrella of DAL Deutsche Anlagen-Leasing we aim to provide tailored and individual solutions for major, complex investments and to serve selected segments and growth areas in a targeted manner. For instance, we are able to develop new investment solu- tions from a single source in the IT and healthcare sectors as well as other industries. We envisage significant future growth opportunities here. Moreover, we intend to make even greater use of our asset competence for new products such as leasing solutions and services. In order to exploit Sparkassen-Finanzgruppe’s