Porsche 2006 Annual Report Download - page 40

Increased Profit per Share
Porsche AG’s earnings situation improved yet again,
as reflected in the increased profit per share. At
239.86 Euro, the profit per share surpassed the
previous year’s value of 78.22 Euro.
Dividends are also set to swell: An increase in divi-
dends to Euro 6.94 plus 15.00 special dividend (Euro
5.94 + 3.00 in 2005/06) per common share and
Euro 7.00 plus 15.00 special dividend (Euro 6.00 plus
3.00) per preferred share will be proposed to the
Annual General Meeting. This would increase the total
dividend payment to Euro 384 (157) million. A split
in shares at a ratio of 1:10, together with a realign-
ment of stock capital, is also to be proposed. Current-
ly the stock capital of Porsche amounts to Euro 45.5
million and is split into 8.75 million common and pre-
ferred shares, respectively. To give each share a cal-
culated value in the stock capital of Euro 1 following
the split in shares, the stock capital is to be increased
from profit reserves to Euro 175 million and will be
subsequently realigned as 87.5 million common and,
respectively, preferred shares. As a result, each cur-
rent holder of one existing common or preferred share
in Porsche would in future hold ten shares of the re-
spective category. The objective is to make the share
more manageable for private investors, in conside-
ration of the price level the stock has reached.
Intensive Investor Relations
The high interest in Porsche has received a further
significant boost since the company took a stake in
Volkswagen AG. For this reason, Porsche increased
its efforts to respond to the need for information
amongst investors and financial analysts during the
2006/07 fiscal year. The resulting communication
often took the form of direct contact with financial
market participants at numerous individual meetings,
roadshows, investment conferences, driving expe-
riences and trade fairs and through events for private
investors. The goal of Porsche’s communication
department is to speak with one voice both to the
financial world and the general public.
Current business figures and the company strategy
were explained to analysts and investors at several
events, including driving presentations of new Porsche
models, such as the new Cayenne in Spain or the
911 Turbo Cabriolet in Königstein/Taunus. In addition,
the annual accounts were presented at the analysts’
conference in December 2006. Personal meetings
with a number of institutional investors and analysts
were also held throughout the review year at the com-
pany’s headquarters in Zuffenhausen. On-site compa-
ny presentations once again played a particularly
important role for contacts with institutional investors.
These were held at all the most important financial
centers and proved highly successful.
Finally, there was also a lively dialog with private
shareholders, who were able to address their ques-
tions to the company’s Investor Relations staff. In
addition, Porsche AG introduced itself to private in-
vestors at several shareholder forums organized by
shareholder associations and banks. The Annual
General Meeting for the 2005/06 fiscal year once
again took place at Porsche’s headquarters in Stutt-
gart in January 2007. For the first time, the new
Porsche Arena was the venue for this meeting, which
was very well attended and welcomed around 3,000
shareholders and guests. In June, the Arena once
again played host to a large number of shareholders,
invited by Porsche to the extraordinary shareholders’
meeting which adopted the new company structure
for Porsche Automobil Holding SE.
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Development of Porsche Share compared to DAX and CDAX-Automobile
in percent
Porsche DAX CDAX- Automobile
+76%
38 Capital Market