▲ CONTENTS / Annual Report 2002 Page 2 -- Foreword Page 5 -- Board members Page 6 -- Report by the Supervisory Board Page 8 -- Corporate strategy Page 10 -- Investor relations / share Page 13 -- Contents / financial information Page 14 -- Management report Page 24 -- Financial information / Group Page 52 -- Financial information / AG Page 61 -- Terminology Page 65 -- Summary of equity interests KEY FIGURES GROUP 01.01.-31.12.2001 01.01.-31.12.2002 € million € million Sales 127.3 131.2 of which in-house productions 84.5 106.1 of which third-party productions 42.8 25.1 EBITDA 73.7 58.3 Gross profit -4.0 18.3 EBIT - 15.9 4.8 Net income/loss for the year - 10.8 -1.1 Investments in film assets 118.0 43.9 Depreciation of film assets 88.9 52.5 31.12.2001 31.12.2002 Film assets 99.5 91.0 Equity 75.8 74.7 Balance sheet total 254.7 233.0 Employees (number) 143 141 Earnings per share in € -0.85 -0.08 ▲ KEY FIGURES ▲ FOREWORD by the Management Board of Constantin Film AG Dear shareholders, missions to German theatres. The Uschi Reich/Peter Further top 10 hits landed by Constantin in the 2002 dear friends of Constantin Film AG, Zenk production won the prize for the "Best theatrical year were the Doris Dörrie comedy Nackt Production" in the Bavarian Film Competition (940,000 admissions), the re-release of the blockbuster In spite of the generally difficult market environment in January 2003 (shared with Das fliegende Der Schuh des Manitu (11.7 million admissions in in the German media industry, Constantin Film had Klassenzimmer, which Constantin Film has also been total) and Erkan & Stefan 2 (690,000 admissions) – all a successful year in all areas of its business in 2002 distributing very successfully since January 2003). of them co-produced by Constantin Film. and was able to strengthen its leading position on the German distribution and production market The Constantin Film co-production Nowhere in Africa, Our 50.7 per cent share of theatrical admissions to all considerably. with 1.3 million theatrical admissions, reached second of the German productions released in 2002 is place. In addition to many German awards, this moving impressive confirmation of the leading position we 2002 was quite a good theatrical year in Germany, epic by Caroline Link won the Oscar for the "Best have built up on the German production and with annual sales of E 960.1 million (according Foreign Language Film" in the Academy Awards this distribution market over a period of decades. This is to Nielsen/EDI) and 163.9 million admissions – year. The most prestigious film prize in the world went attributable to a large extent, among other things, to comparable to the figures for 2000. to Germany for the second time, 23 years after Volker the close ties between talented and successful Schlöndorff won an Oscar with The Tin Drum. German professionals and our company, which we will With 12.7 million theatrical admissions in 2002 and a be expanding further in future as well. We are, for market share of 8.2 per cent, Constantin Film was – like In 3rd place was our in-house production Knallharte example, continuing our extremely successful co- in 2000 and 2001 – the most successful independent Jungs (director: Granz Henman), another film with operation with Michael "Bully" Herbig following Der German distributor and was once again the only more than one million admissions, featuring the up- Schuh des Manitu and have secured the German- German player to match the admissions performance and-coming young stars Tobias Schenke and Axel speaking theatrical and video/DVD exploitation of the five US studio distributors. Constantin Film Stein in the main parts. rights to his new theatrical film (T)Raumschiff alone recorded more theatrical admissions than its five Surprise – Periode 1. largest independent competitors together. The international Constantin Film production Resident Evil (director: Paul Anderson), which made the best Another highlight in our 2002 distribution year was the Seven films distributed by Constantin Film were start ever by a German production in the USA in March theatrical comedy 8 Women starring Cathérine among the top 10 films that originated in Germany 2002, was also one of the top 10 productions in Deneuve, Isabelle Huppert, Emmanuelle Béart, Fanny in 2002. Bibi Blocksberg (director: Hermine Germany, with more than 950,000 theatrical admis- Ardant, Virginie Ledoyen and Danielle Darrieux, that Huntgeburth), a production by Bavaria Film/KIDDINX sions. This horror thriller starring Milla Jovovich and won the "Silver Bear" at the Berlinale 2002 and has Filmproduction, topped the list. This film of one of Michelle Rodriguez has proved to be extremely generated more than 1.4 million theatrical admissions the most popular children’s books of all time, with successful all over the world too, recording inter- in Germany so far. Corinna Harfouch, Katja Riemann and Ulrich Noethen national box office receipts of more than USD 100 in the leading roles, recorded more than 2.1 million ad- million so far. AR 2002 Page 2 The US high school comedy National Lampoon’s Van The Constantin Group started to produce a total of "Silver Bear" at the Berlinale. Nicole Kidman was Wilder from the service co-operation agreement we seven theatrical and fourteen TV films in 2002. awarded an Oscar as "Best Actress" for her concluded with the RTL Group in 2001 contributed outstanding performance in The Hours. We will be almost one million admissions to the success of our We completed filming of the international theatrical in- releasing the opulently staged drama Hero, a story distribution operations too. house production Wrong Turn (director: Rob Schmidt) about love, jealousy, loyalty and intrigue at the time of in Canada at the end of 2002 and will be releasing it to the first Chinese sovereign by Zhang Yimou, the The TV productions by Constantin Film performed German theatres in the summer of 2003. director who has been nominated for an Oscar twice, excellently in the generally difficult market environment to German theatres on June 5, 2003. Hero, the new in 2002 as well. Das Jesus Video (production: Together with our subsidiary Olga Film GmbH, with production by the team behind Crouching Tiger, Rat Pack Filmproduktion GmbH, a Constantin Film which we already produced Mädchen, Mädchen!, Hidden Dragon, was another official entry in the subsidiary) was the most successful TV movie of the one of the most successful German high-school Berlinale 2003 competition, where it was awarded the year on ProSieben. Constantin Film provided the two comedies of recent years, we finished shooting Ganz "Alfred Bauer Bear" in honour of the founder of the biggest TV movies of the year on Sat.1 too as early as und Gar (director: Marco Kreuzpaintner), a humorous Berlinale because of its unique visual impact and January 2002 with its two-part international in-house story about the exciting time of growing up. Theatrical camera effects. production The Mists of Avalon. The productions Wer release in Germany is scheduled for June 2003. liebt, hat Recht (6.41 million viewers) with Iris Berben After Werner – Beinhart!, Werner – Das muß and Robert Atzorn in the principal roles and two more Sales in 2002 were 3 per cent higher than in the kesseln!!! and Werner – Volles Rooäää!!!, which programmes in the popular thriller series Rosa Roth previous year at E 131.2 million. The gross profit were enjoyed by millions, we are releasing Werner – (director: Carlo Rola, producer: Oliver Berben) with improved by E 22.3 million to E 18.3 million. The Ein Volk, ein Könich – the new adventure about the 4.85 million viewers (Rosa Roth – Die Abrechnung) targets were reached in spite of the difficult market cult figure Werner that his many fans are already and 5.84 million viewers (Rosa Roth – Geschlossene situation and positive EBIT of E 4.8 million were longing to see – to German theatres in the summer of Gesellschaft) by the Constantin subsidiary MOOVIE – generated. 2003. the art of entertainment GmbH obtained excellent ratings on ZDF and confirm the leading position Rosa We are planning to release 21 films to German theatres We will also be releasing Das Sams in Gefahr, the Roth holds as the most successful ZDF thriller series. in 2003: eight in-house and co-productions, six third- long-awaited, imaginatively told sequel to the Shooting of 13 programmes for our new sitcom party productions and seven productions from service theatrical film Das Sams, which received an Bewegte Männer (production: Constantin Film agreements with the RTL Group and Highlight enthusiastic reception from more than 1.7 million and MOOVIE – the art of entertainment GmbH), a Communications AG. They include The Hours, which visitors to German theatres in the autumn of 2001, with "TV sequel" to the theatrical blockbuster Der bewegte won the Golden Globe and brought each of the three Ulrich Noethen (Bibi Blocksberg, Das fliegende Mann, with which we recorded more than 6.6 million main actresses – Oscar prizewinner Meryl Streep (Out Klassenzimmer), Armin Rohde (Das Sams, 666 – admissions to German theatres in 1994, was also of Africa), Julianne Moore (Hannibal) and Golden Traue keinem, mit dem du schläfst!) and Eva Mattes completed. Globe winner Nicole Kidman (Moulin Rouge) – a (Das Sams, Herbstmilch) in the leading parts. AR 2002 Page 3 ▲ FOREWORD by the Management Board of Constantin Film AG In view of the turbulent media environment in 2001 and of a team of creative and qualified production and 2002 and the continued instability of the industry in management staff. Intensive contacts maintained over 2003 as well, we are planning sales of between E 120 decades with the crucial individuals and companies in million and E 135 million in 2003.