Porsche SE
Annual Press and Analyst Conference
Stuttgart, 21 March 2024
Disclaimer
This presentation is for information purposes only, and does not constitute an offer, or a solicitation of an offer to purchase, sell or subscribe to securities or other financial instruments. It is not intended to provide the basis for any evaluation of securities or other financial instruments and is not, and should not be considered as, investment advice or a recommendation that any person should purchase, sell or subscribe to securities or other financial instruments.
This presentation may contain certain forward-looking statements relating to the business and financial performance including the result of Porsche Automobil Holding SE ("Company") and its shareholdings and/or the industry in which the Company and/or its shareholdings operate.
The forward-looking statements, including assumptions and views of the Company or from third party sources (together the "Expectations"), are subject to risks including, but not limited to those described in financial publications and other publications of the Company. Actual events may differ significantly from any Expectations due to a number of factors. There is no guarantee that the Expectations are current, correct and complete nor that the forward-looking statements will prove accurate in the future. There is no obligation to update the forward-looking statements. It is noted that no reliance shall be placed on these forward-looking statements.
Neither the delivery of this presentation nor any further discussions of representatives of the Company with any of the recipients hereof shall, under any circumstances, create any implication that there has been no change in the affairs of the Company and/or its shareholdings.
This presentation may include supplemental financial measures which are or may be non-GAAP financial or operative measures. These measures should not be viewed in isolation
as alternatives to financial measures presented in accordance with IFRS. Other companies that disclose similarly titled measures may calculate them differently. Not all measures included in this presentation have been audited and certain measures may also deviate substantially from information in the financial publications of the Company and, thus, may not be fully comparable to such publications.
No representation or warranty is given as to the currency, correctness or completeness of the information contained in this presentation and no liability, other than liability for gross negligence and intent or for damages resulting from injury to life, limb or health, which are caused by negligence, is assumed, either expressly or impliedly.
Video and audio taping is not permitted. This presentation may not, at any time, be reproduced, distributed or published (in whole or in part) without prior written consent of the Company.
2
Incharge Capital Partners: Porsche SE and DTCP have established a joint venture
Investment platform | Established fund manager | ||
with unique network in the area of | with expertise in growth companies | ||
mobility and industrial technology | in the area of B2B software | ||
Investment focus on software companies in the areas of mobility and connectivity
Unmatched combination of sector expertise and investment acumen
3
Successful fiscal year 2023 for Porsche SE
Second | Successful implementation | Targeted expansion |
attractive core investment | of financing strategy | of investment platform |
Creating sustainable value for our shareholders
Source: Dr. Ing. h.c. F. Porsche AG, Stuttgart, Germany | 4 |
Successful financing transactions show that Porsche SE is highly attractive for investors
September 2022 | March 2023 | April 2023 | June 2023 |
Initial financing | Schuldschein loan | First bond | Second bond | ||||||
Porsche AG | |||||||||
€2.7 billion | €0.75 billion | €1.25 billion | |||||||
€7.1 billion | |||||||||
€4.7 billion within approx. 4 months
Long-term ambition for loan-to-value*:in the low double-digitpercentage range
* Loan-to-value is defined as the ratio of net debt to the market valuation of all of Porsche SE's investments as of the reporting date | 5 |
Key figures for the fiscal year 2023
€5,096 | €5,717 |
million | million |
(2022: €5,492 million*) | (2022: €6,672 million) |
Group result after tax | Net debt |
* Result after tax for 2022 includes a non-cash accounting gain of €0.6 billion in connection with the acquisition of Volkswagen preference shares. Without this one-off accounting effect, | 6 |
the result for the fiscal year 2023 would have been higher than the prior-year result. |
Operating development of the Volkswagen Group in fiscal year 2023
€322.3 | €22.6 | €17.9 |
billion | billion | billion |
(2022: €279.1 billion) | (2022: €22.5 billion) | (2022: €15.9 billion) |
Revenue | Operating result | Result after tax |
before special items |
7
Operating development of the Porsche AG Group in fiscal year 2023
€40.5 | €7.3 | €5.2 |
billion | billion | billion |
(2022: €37.6 billion) | (2022: €6.8 billion) | (2022: €5.0 billion) |
Revenue | Operating result | Result after tax |
before special items |
8
Strengthening the portfolio investments segment by investing in technology companies
Intensifying investment activities to further expand the investment platform
Sources: ABB Asea Brown Boveri Ltd., Zurich, Switzerland; Quantum Motion Technologies Ltd., London, UK; Xanadu Quantum Technologies Inc., Toronto, Canada | 9 |
Further success in pending litigation
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Porsche Automobil Holding SE published this content on 20 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 06:22:08 UTC.