BSH Bosch und Siemens Hausgeräte GmbH BSH Bosch und Siemens Hausgeräte GmbH In 2013, BSH was ranked by the CRF Institute was founded in 1967 as a joint venture bet- as Germany’s best employer for engineers | Summary of Past Performance ween Robert Bosch GmbH, Stuttgart, and and, for the seventh year in a row, as one of Siemens AG, Berlin/Munich. Today, the com- the country’s top employers. The company pany is the third-largest home appliance manu- was also named top employer in Belgium, facturer in the world, and number one in Europe, the Netherlands, Poland, and Spain, earning with sales of EUR 9.8 billion in 2012. international recognition as “Top Employers BSH Bosch und Siemens Hausgeräte GmbH (Group) Europe.” The Group’s product portfolio spans the in EUR million 2012 2011 2010 2009 2008 2007 2006 2005 entire spectrum of modern household ap- Protecting the environment and the climate Revenue 9,800 9,654 9,073 8,405 8,758 8,818 8,308 7,340 pliances. It extends from stoves, ovens and has been an integral part of the Group’s Year-to-year change (%) 1.5 6.4 7.9 – 4.0 – 0.7 6.1 13.2 7.2 extractor hoods to dishwashers, washers corporate strategy for decades. BSH’s energy- Percentage of international revenue (%) 78.1 78.6 79.0 78.1 79.9 80.5 78.1 78.4 and dryers, from refrigerators and freezers to and water-saving household appliances make small appliances (Consumer Products) such a significant contribution toward conserving Employees* 46.9 45.6 42.8 39.6 40.3 39.0 38.0 35.5 as vacuum cleaners, coffee machines, elec- resources. We have included our most effi- (in thousands at 01.01. of the tric kettles, irons and hairdryers. cient appliances in a Super Efficiency Portfolio following year) each year since 2009. BSH has also set itself 2012 As of December 31, 2012, the Munich-based the goal of achieving a 25 percent reduction Personnel expenses 2,043 1,893 1,807 1,688 1,646 1,663 1,480 1,411 group had 41 factories across Europe, Asia in specific resource consumption in manufac- and North America, as well as a global net- turing and administration by 2015. Research and development expenses 326 298 277 261 258 254 231 180 work of sales and customer service outlets As percentage of revenue 3.3 3.1 3.1 3.1 2.9 2.9 2.8 2.5 in 50 countries. BSH employed over 46,000 people in 2012, more than 70 percent of them Capital expenditure on property, plant and equipment and intangible assets ** 421 453 403 294 382 378 358 333 Group Annual Report 2012 in Europe. As percentage of revenue 4.3 4.7 4.4 3.5 4.4 4.3 4.3 4.5 Group Annual Report Focusing on the Customer. Delivering Benefit. Depreciation, amortization and impairment on property, plant and equipment and intangible assets ** 326 296 298 320 299 257 281 223 As percentage of capital expenditure 77.4 65.3 73.9 108.8 78.3 68.0 78.5 67.0 Key figures Total assets 7,865 7,435 6,901 6,443 6,173 6,276 5,950 5,325 in EUR million 2012 2011 Revenue 9,800 9,654 Property, plant and equipment, intangible assets and non-current Year-to-year change (%) 1.5 6.4 financial assets 2,911 2,655 2,688 2,496 2,349 2,374 2,259 1,957 Percentage of international revenue (%) 78.1 78.6 Inventories 1,235 1,305 1,226 1,032 1,074 1,103 1,019 828 EBITDA 1,009 943 Trade accounts receivable and EBIT 683 647 other current assets 2,773 2,691 2,199 1,954 2,031 2,053 2,052 1,655 Profit before tax 616 538 Equity 2,579 2,409 2,408 2,535 2,396 2,372 2,057 1,859 As percentage of total equity and liabilities 32.8 32.4 34.9 39.3 38.8 37.8 34.6 34.9 Consolidated net profit 466 373 Provisions 1,980 1,760 1,857 1,702 1,593 1,673 1,709 1,581 Capital expenditure on property, plant and equipment and intangible assets * 421 453 As percentage of revenue 4.3 4.7 EBITDA 1,009 943 1,052 905 867 949 868 768 Depreciation, amortization and impairment on property, plant and equipment and intangible assets* 326 296 EBIT 683 647 754 585 568 692 587 542 As percentage of capital investment 77.4 65.3 Profit before tax 616 538 691 517 510 637 542 500 Total assets 7,865 7,435 Consolidated net profit 466 373 465 324 311 411 372 386 Equity 2,579 2,409 * Since 2012, this figure also includes employees in temporary employment relationships with terms of less than three months. ** Excluding goodwill As percentage of total equity and liabilities 32.8 32.4 * Excluding goodwill BSH BOSCH UND SIEMENS HAUSGERÄTE GMBH BSH BOSCH UND SIEMENS HAUSGERÄTE GMBH BSH Bosch und Siemens Hausgeräte GmbH BSH Bosch und Siemens Hausgeräte GmbH In 2013, BSH was ranked by the CRF Institute was founded in 1967 as a joint venture bet- as Germany’s best employer for engineers | Summary of Past Performance ween Robert Bosch GmbH, Stuttgart, and and, for the seventh year in a row, as one of Siemens AG, Berlin/Munich. Today, the com- the country’s top employers. The company pany is the third-largest home appliance manu- was also named top employer in Belgium, facturer in the world, and number one in Europe, the Netherlands, Poland, and Spain, earning with sales of EUR 9.8 billion in 2012. international recognition as “Top Employers BSH Bosch und Siemens Hausgeräte GmbH (Group) Europe.” The Group’s product portfolio spans the in EUR million 2012 2011 2010 2009 2008 2007 2006 2005 entire spectrum of modern household ap- Protecting the environment and the climate Revenue 9,800 9,654 9,073 8,405 8,758 8,818 8,308 7,340 pliances. It extends from stoves, ovens and has been an integral part of the Group’s Year-to-year change (%) 1.5 6.4 7.9 – 4.0 – 0.7 6.1 13.2 7.2 extractor hoods to dishwashers, washers corporate strategy for decades. BSH’s energy- Percentage of international revenue (%) 78.1 78.6 79.0 78.1 79.9 80.5 78.1 78.4 and dryers, from refrigerators and freezers to and water-saving household appliances make small appliances (Consumer Products) such a significant contribution toward conserving Employees* 46.9 45.6 42.8 39.6 40.3 39.0 38.0 35.5 as vacuum cleaners, coffee machines, elec- resources. We have included our most effi- (in thousands at 01.01. of the tric kettles, irons and hairdryers. cient appliances in a Super Efficiency Portfolio following year) each year since 2009. BSH has also set itself 2012 As of December 31, 2012, the Munich-based the goal of achieving a 25 percent reduction Personnel expenses 2,043 1,893 1,807 1,688 1,646 1,663 1,480 1,411 group had 41 factories across Europe, Asia in specific resource consumption in manufac- and North America, as well as a global net- turing and administration by 2015. Research and development expenses 326 298 277 261 258 254 231 180 work of sales and customer service outlets As percentage of revenue 3.3 3.1 3.1 3.1 2.9 2.9 2.8 2.5 in 50 countries. BSH employed over 46,000 people in 2012, more than 70 percent of them Capital expenditure on property, plant and equipment and intangible assets ** 421 453 403 294 382 378 358 333 Group Annual Report 2012 in Europe. As percentage of revenue 4.3 4.7 4.4 3.5 4.4 4.3 4.3 4.5 Group Annual Report Focusing on the Customer. Delivering Benefit. Depreciation, amortization and impairment on property, plant and equipment and intangible assets ** 326 296 298 320 299 257 281 223 As percentage of capital expenditure 77.4 65.3 73.9 108.8 78.3 68.0 78.5 67.0 Key figures Total assets 7,865 7,435 6,901 6,443 6,173 6,276 5,950 5,325 in EUR million 2012 2011 Revenue 9,800 9,654 Property, plant and equipment, intangible assets and non-current Year-to-year change (%) 1.5 6.4 financial assets 2,911 2,655 2,688 2,496 2,349 2,374 2,259 1,957 Percentage of international revenue (%) 78.1 78.6 Inventories 1,235 1,305 1,226 1,032 1,074 1,103 1,019 828 EBITDA 1,009 943 Trade accounts receivable and EBIT 683 647 other current assets 2,773 2,691 2,199 1,954 2,031 2,053 2,052 1,655 Profit before tax 616 538 Equity 2,579 2,409 2,408 2,535 2,396 2,372 2,057 1,859 As percentage of total equity and liabilities 32.8 32.4 34.9 39.3 38.8 37.8 34.6 34.9 Consolidated net profit 466 373 Provisions 1,980 1,760 1,857 1,702 1,593 1,673 1,709 1,581 Capital expenditure on property, plant and equipment and intangible assets * 421 453 As percentage of revenue 4.3 4.7 EBITDA 1,009 943 1,052 905 867 949 868 768 Depreciation, amortization and impairment on property, plant and equipment and intangible assets* 326 296 EBIT 683 647 754 585 568 692 587 542 As percentage of capital investment 77.4 65.3 Profit before tax 616 538 691 517 510 637 542 500 Total assets 7,865 7,435 Consolidated net profit 466 373 465 324 311 411 372 386 Equity 2,579 2,409 * Since 2012, this figure also includes employees in temporary employment relationships with terms of less than three months.