Record High in Passenger Transport At 74.5 billion pkm, passenger transport performance showed a slight increase over the previous year’s record result – even though EXPO services were discontinued. We once again gained market share. Positive Development in Revenues Despite the difficult economic environ- ment, we were able to increase revenues Deutsche Bahn AG by 1.7% to € 15.7 billion in 2001. Potsdamer Platz 2 D-10785 Berlin Germany Annual Report 2001 Restructuring, Performance, Growth http://www.bahn.de We have a clear strategy and an intensive capital expenditures program for modernizing Deutsche Bahn and getting it in shape for the future. Deutsche Bahn AG Annual Report 2001 185mm 216mm 10,5mm 216mm 185mm Record High in Passenger Transport At 74.5 billion pkm, passenger transport performance showed a slight increase over the previous year’s record result – even though EXPO services were discontinued. We once again gained market share. Positive Development in Revenues Despite the difficult economic environ- ment, we were able to increase revenues Deutsche Bahn AG by 1.7% to € 15.7 billion in 2001. Potsdamer Platz 2 D-10785 Berlin Germany Annual Report 2001 Restructuring, Performance, Growth http://www.bahn.de We have a clear strategy and an intensive capital expenditures program for modernizing Deutsche Bahn and getting it in shape for the future. Deutsche Bahn AG Annual Report 2001 185mm 216mm 10,5mm 216mm 185mm DB Group: An Overview Eight-Year-Summary Management Board Deutsche Bahn Group Eight-Year-Summary Key figures Change in € million 2001 2000 in % in € million 2001 2000 1999 1998 1997 1996 1995 1994 2001 2000 1999 1998 1997 1996 1995 1994 Revenues 15,722 15,465 + 1.7 Income before taxes – 409 37 – Balance sheet Key figures Income after taxes – 406 85 – Properties 1) 35,055 34,071 32,815 31,155 29,866 24,034 21,815 17,982 Fixed assets as % Hartmut Mehdorn Diethelm Sack Dr.Karl-Friedrich Rausch Klaus Daubertshäuser Financial assets 735 600 680 584 665 710 367 305 of total assets 85.3 87.8 90.0 90.8 90.1 83.5 83.3 85.1 EBITDA before special burdens compensation 1,433 1,264 + 13.4 Chairman and CEO Finances/Controlling Technology Marketing EBITDA 2,271 2,492 – 8.9 Personnel (provisional) Fixed assets 35,790 34,671 33,495 31,739 30,531 24,744 22,182 18,287 Equity incl. special items in % of total assets 20.1 22.3 23.5 24.5 25.0 23.3 24.2 29.6 EBIT 109 450 – 75.8 Inventories 992 973 866 654 604 490 597 709 Fixed assets coverage (in %) 7) 91.8 86.9 89.2 91.9 87.6 95.5 92.9 88.9 Operating income after interest – 204 199 – Accounts receivable and 2) Cash flow coverage of Return on capital employed in % 0.4 1.6 – other assets 4,238 3,023 2,346 2,141 2,277 3,755 3,139 1,804 net capex (in %) 54.0 65.0 65.3 65.3 29.5 35.1 28.3 26.7 Fixed assets 35,790 34,671 + 3.2 Cash and cash equivalents 363 394 280 351 447 603 654 640 Return on capital employed Current assets 5,593 4,390 3,492 3,146 3,328 4,848 4,390 3,153 Total assets 41,962 39,467 + 6.3 (ROCE) (in %) 8) 0.4 1.6 0.3 1.1 1.4 1.7 1.5 1.8 Prepayments and Equity 8,436 8,788 – 4.0 Interest coverage 9) 0.0 1.1 1.4 2.3 2.4 5.2 4.3 4.6 accrued income 579 406 211 76 33 30 48 53 Cash flow before taxes 1,786 2,113 – 15.5 Dr.Christoph Franz Dr.Bernd Malmström Roland Heinisch Cash flow Total assets 41,962 39,467 37,198 34,961 33,892 29,622 26,620 21,493 Passenger Transport Freight Transport Track Infrastructure/ 10) Gross capital expenditures 7,110 6,892 + 3.2 Integrated Operations return on revenues (in %) 11.4 13.7 13.5 12.9 11.8 11.5 9.5 10.0 Net capital expenditures 1) 3,307 3,250 + 1.8 Return on revenues before Equity 8,436 8,788 8,701 8,528 8,422 6,711 6,278 6,218 Employees (as of Dec 31) 214,371 222,656 – 3.7 interest expenses and taxes (in %) 0.0 2.5 2.1 2.3 2.0 2.9 2.4 2.2 Organizational Structure Special items 16 19 23 38 47 205 177 154 Pension and other Rail transport performance long-term provisions 9,515 8,420 9,241 9,881 9,627 9,902 9,128 7,585 Total passengers (million) 1,701.7 1,712.5 1,680.1 1,668.4 1,641.0 1,596.4 1,539.4 1,430.6 Tax and other thereof long-distance 136.3 144.8 146.5 148.9 152.2 151.2 149.3 139.3 Performance figures Change Management Board of Deutsche Bahn AG short-term provisions 4,787 5,747 3,714 2,612 2,181 2,237 1,979 1,401 thereof local 1,565.4 1,567.7 1,533.6 1,519.5 1,488.8 1,445.2 1,390.1 1,291.3 Passenger Transport 2001 2000 in % Provisions 14,302 14,167 12,955 12,493 11,808 12,139 11,107 8,986 Total passenger kilometers Finances/ Interest-free loans 7,324 6,714 6,344 8,284 7,363 6,308 4,781 2,340 Chairman and CEO Technology Marketing (million pkm) 74,459 74,388 72,846 71,853 71,630 71,028 70,334 64,539 Passengers DB Reise&Touristik million 136.3 144.8 – 5.9 Controlling Interest-bearing debt 6,993 5,463 4,192 2,532 1,713 858 606 513 thereof long-distance 35,342 36,226 34,897 34,562 35,155 35,620 36,277 34,845 DB Regio million 1,565.4 1,567.7 – 0.1 Other liabilities 3,968 3,337 3,609 2,971 4,413 3,284 3,570 3,203 thereof local 39,117 38,162 37,949 37,291 36,475 35,408 34,057 29,694 Total million 1,701.7 1,712.5 – 0.6 Liabilities 18,285 15,514 14,145 13,787 13,489 10,450 8,957 6,056 Passenger Freight Track Infrastructure/ Freight carried (million t) 11) 291.3 301.3 279.3 288.7 294.9 287.9 300.4 306.9 Personnel Accruals and deferred income 923 979 1,374 115 126 117 101 79 Transport Transport Integrated Operations Ton kilometers (million tkm) 11) 80,348 80,634 71,494 73,273 72,614 67,880 69,492 70,554 Passenger kilometers DB Reise&Touristik million pkm 2) 35,342 36,226 – 2.4 Total liabilities and Total transport performance DB Regio million pkm 2) 39,117 38,162 + 2.5 shareholder’s equity 41,962 39,467 37,198 34,961 33,892 29,622 26,620 21,493 (million ptkm) 154,807 155,022 144,340 145,126 144,244 138,908 139,826 135,093 Total million pkm 2) 74,459 74,388 + 0.1 Train kilometers Statement of income (million train-path km) 977.3 984.2 976.7 946.5 – – – – 3) Revenues 15,722 15,465 15,630 15,348 15,577 15,452 15,249 14,793 Train kilometers DB Reise&Touristik million train-path km 161.5 175.9 – 8.2 Core Business DB Regio million train-path km 3) 560.2 563.9 – 0.7 Overall performance 17,535 17,267 17,521 17,104 17,422 17,227 17,244 16,191 Employees Total million train-path km 3) 721.7 739.8 – 2.4 Other operating income 2,406 3,653 2,511 2,596 2,141 2,169 1,702 1,799 average 219,146 230,615 244,851 259,072 277,471 295,610 331,774 355,694 Cost of materials – 7,108 – 6,625 – 6,688 – 6,595 – 6,716 – 6,475 – 5,757 – 5,195 at year end 214,371 222,656 241,638 252,468 268,273 288,768 312,579 331,101 4) Group Division Group Division Group Division Group Division Freight Transport 1) DB Energie Personnel expenses – 7,487 – 8,475 – 8,285 – 8,389 – 8,663 – 8,881 – 9,523 – 9,898 Gross capital expendi- Passenger Transport Freight Transport Passenger Stations Track Infrastructure 1) Including intangible assets tures less investment Depreciation – 2,162 – 2,052 – 1,965 – 1,737 – 1,620 – 1,387 – 1,148 – 984 DB Reise&Touristik AG 1) Railion GmbH 1) DB Station& DB Netz AG 1) grants from third parties 2) Including securities Freight carried million t 291.3 301.3 – 3.3 DB Regio AG 1) DB Cargo AG 1) Service AG 1) Other operating expenses – 3,282 – 3,436 – 2,790 – 2,546 – 2,204 – 2,169 – 2,236 – 1,649 3) 2) Adjusted operating income before interest, taxes, and depreciation Ton kilometers million tkm 5) 80,348 80,634 – 0.4 Passenger kilometers Group DB Services Investment income 2 – 44 – 55 – 143 – 151 – 127 5 19 4) (pkm): product of num- functions Net interest – 313 – 251 – 158 – 89 – 26 12 – 4 – 32 Adjusted operating income before interest and taxes Mean transport distance km 275.8 267.6 + 3.1 ber of passengers and Business Unit Business Unit Business Unit Business Unit 5) 3) Long-Distance/ Income before taxes – 409 37 91 201 183 369 283 251 (Properties and intangible Fixed assets) less Interest free loans plus Net working capital Train kilometers million train-path km 226.9 225.5 + 0.6 mean travel distance Regional Transport Wagonload Transport Traffic Station Conurbation Network 6) Income after taxes – 406 85 87 170 200 577 135 93 Gross capital expenditures less investment grants from third parties 3) Train-path kilometers: DB Systems driving performance in 7) Long-term capital/Fixed assets Passenger Stations Business Unit km of trains on rail Business Unit Business Unit Business Unit Combined Rail/ Other financial figures 8) Return on capital employed, defined as EBIT/Capital employed Urban Transport Marketing Regional Networks 4) Please note: all ton Road Transport EBITDA 3) 2,271 2,492 2,036 1,997 1,920 1,658 1,401 1,248 9) (Income before taxes plus interest expenses)/Interest expenses Number of passenger stations 5,760 5,794 – 0.6 2) figures represent DB ProjektBau EBIT 4) 109 450 71 260 300 319 253 264 10) Cash flow/Revenues metric tons (1,000 kg = Business Unit Business Unit Track Infrastructure 2,200 lbs.