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Annual Report 2015
World Endurance
Drivers’ Champion
World Endurance
Manufacturers’ Champion
WEC

Table of contents

  • Page 1
    World Endurance Drivers' Champion WEC World Endurance Manufacturers' Champion Annual Report 2015

  • Page 2
    12/04/2015 6h 02/05/2015 6h 13.-14/06/2015 24 h 30/08/2015 6h 19/09/2015 6h 6h 6h 1 11/10/2015 1 01/11/2015 21/11/2015 6h

  • Page 3
    ... Lieb 919 Hybrid Nr. 17 Bernhard Webber Hartley 2 - 2 3 6 919 Hybrid Nr. 18 Dumas Jani Lieb 1 2 5 World Endurance Drivers' Champion | World Endurance Manufacturers' Champion 1 2 919 Hybrid Nr. 17 Bernhard Webber Hartley 919 Hybrid Nr. 17 Bernhard Webber Hartley 919 Hybrid Nr. 18 Dumas Jani...

  • Page 4

  • Page 5
    Annual Report 2015

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    Annual Repor t - Porsche AG - 2015

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    The Ideal Line

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    THE IDE AL LINE 1 Turbocharger of Ideas Porsche stands for innovation. The constant search for new technologies and methods drives the staff. Page: 20 Annual Repor t - Porsche AG - 2015

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  • Page 10
    THE IDE AL LINE 2 Growth Creates Value Porsche's business development is shown in the Management Report. From page: 42 Annual Repor t - Porsche AG - 2015

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  • Page 12
    ...Look Forward to We know what is possible with encouragement and motivation. We pass our conviction on to young people and generate new perspectives for them - in the region and at the other end of the world. How different paths in life cross one another. Page: 50 Annual Repor t - Porsche AG - 2015

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    Annual Repor t - Porsche AG - 2015

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    THE IDE AL LINE 4 The Acceleration of Success On and next to the race track the team decides over victory or defeat. Our performance on the racing line that goes down in Porsche history. Page: 78

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    Annual Repor t - Porsche AG - 2015

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    THE IDE AL LINE 5 As a Pioneer on the Way to Mission E Unmistakably Porsche. How our family lineage is influencing the Mission E. Page: 98

  • Page 18
    Contents Porsche Annual Report 2015 Annual Repor t - Porsche AG - 2015

  • Page 19
    ... Employees, Sport and Society Promotion of Young Talents II · Young Filipinos manage the leap to a better future at the Porsche training centre WEC - Le Mans · Porsche writes history at the World Endurance Championship 78 94 Research and Development 911 - Mission E · Two new sports cars make...

  • Page 20
    Letter from the Chairman of the Executive Board Oliver Blume Annual Repor t - Porsche AG - 2015 16 Letter from the Chairman of the Executive Board

  • Page 21
    ... in companies. The success of Porsche is the success of the entire team. On behalf of the Board of Management, I would therefore like to thank all of our employees for their passion, their dedication and the hard work they have done over the past year. Our goal remains qualitative and sustainable...

  • Page 22
    The Executive Board of Dr. Ing. h.c. F. Porsche AG Oliver Blume Chairman of the Executive Board Detlev von Platen Sales and Marketing Lutz Meschke Deputy Chairman of the Executive Board Finance and IT Annual Repor t - Porsche AG - 2015 18 The Executive Board

  • Page 23
    Albrecht Reimold Production and Logistics Wolfgang Hatz Research and Development Uwe-Karsten Städter Procurement Andreas Haffner Human Resources 19

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    Innovation not appea themselve You need something them happ

  • Page 25
    ns do ar by es. to do g to make pen. 21

  • Page 26
    The Starting Point for Progress The inner drive to create something new comes naturally to us. Motivation Freedom Trust Annual Repor t - Porsche AG - 2015 e Foresight Transparency Inspiration Dynamics 22 Success Factor: Human Capital

  • Page 27

  • Page 28
    ... managing good ideas, Porsche strengthens its innovative power. The goal is creative competition among experienced members of staff and young talents. Production is the role model, while other company divisions follow. Errors are welcome. Inspiration Foresight Trust Freedom Success Factor Human...

  • Page 29
    ... part of his responsibilities for innovation management, in order to maintain production at an absolutely top level. Porsche is top, there is no question about it, but because Porsche always wants to stay at the top, the sports car manufacturer needs an extensive culture of innovation in all company...

  • Page 30
    .... The young employee is one of three full­time innovation managers. A grad­ uate physicist, she earned her first scientific laurels in the area of nanotechnology research; she also worked in the solar energy industry and her career path proves in an impressive manner that Porsche also draws...

  • Page 31
    ... are being worked on as we speak. innovation projects have been realised since 2014. A marked culture of innovation is the basis for the success of Porsche: Oliver Blume talks to Sarah Heizmann. Transferring innovations into structured project management is a major factor of our success. 27

  • Page 32
    ... and its further development. That is the Porsche culture of innovation exactly as CEO Blume wants it to be: open, direct, results­oriented. The young Nikolas Immer was able to work under laboratory conditions and at the same time on a concrete project. Everything he needed for the test was freely...

  • Page 33
    ... is always series production." Nikolas Immer In the beginning there was a brilliant idea: a preliminary leak test with the help of sonic waves, transmitted from the vehicle's own sound system. The innovation has been tested thoroughly in the laboratory using a newly developed preliminary test. 29

  • Page 34
    ... manufacturing the 918 Spyder. An outstanding vehicle in many respects Freedom Motivation Dynamics Transparency With great technical understanding and a talent for mediation: Christian Pfänder turns prototypes into production vehicles. Annual Repor t - Porsche AG - 2015 30 Success Factor...

  • Page 35
    "We work hand in hand to bring a new vehicle to production maturity." Christian Pfänder When talking to colleagues, all that matters for Christian Pfänder is the strength of the arguments. It is important to start afresh every day with a clear eye for the best solutions. 31

  • Page 36
    ... square metres. Around 80 top employees work at ten main assembly stations and 21 pre­assembly stations. The planned quan tity was reached in June 2015 and the plants were taken down again. What remains is a wealth of experience. While manufacturing the 918 Spyder, Porsche put into prac­ tice many...

  • Page 37
    ..., but also for other manufacturers. At many places in the vehicle production process, Porsche unites the manufactory concept with series production. Maximum standardisation alongside highest individualisation for the customer is the result. That's the only way to achieve premium products. And it is...

  • Page 38
    ...Tietz from Launch Management in Leipzig, describing the culture of direct communication. That influences everyday working life. In December 2015, for example, Tietz and Blume met up with one another over the new Panamera in the pre­series production phase. What that means for production is that all...

  • Page 39
    ...The communication culture at Porsche is direct and always to the point." Andreas Tietz The quality of the surface finish on a chassis follows the maxim of highest precision. That requires a very exact eye. Comprehensive know­how transfer - Oliver Blume seeks an intense dialogue with his employees...

  • Page 40
    ... Freedom Motivation Dynamics Inspiration Openness creates trust, and discussions are best carried out with the object directly at hand - Kai Maring (left) and Andreas Juchem are at home in Porsche's culture of innovation. Annual Repor t - Porsche AG - 2015 36 Success Factor: Human Capital

  • Page 41
    ...open exchange of ideas: those are the important cornerstones that make possible a comprehensive know­how transfer. With his style of communication...He makes no secret of things, but passes on his knowledge to the employees,"...of management and team work looks like. He knows the details, asks questions,...

  • Page 42
    Annual Repor t - Porsche AG - 2015 An eye for detail - Oliver Blume with Maring and Juchem at the so­called "Meisterbock". 38 Success Factor: Human Capital

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    "The quality of a vehicle does not first emerge on the conveyor belt, but long before that." Kai Maring 39

  • Page 44
    ..., the company provides two bright, light­flooded floors with state­of­the­art equipment - the best possible prere­ quisites for learning both in theory and in practice. More than 4,500 apprentices have completed their training with Porsche to date. At the present time, eight technical and two...

  • Page 45
    The new Porsche training centre in Zuffenhausen provides an optimum learning environment and state­of­the­art facilities. Skilled handling of real components: Marina Tsolakidou at a control panel for simulating the production technology. "A training position at Porsche is highly sought after. We...

  • Page 46
    ...­ cant, volumes in the passenger car markets in Eastern Europe and South America were again down considerably year­on­year. At 13.2 million vehicles, Western Europe recorded its highest number of new vehicle registrations in six years. Germany accounted for 3.2 million units, up 5.6 percent...

  • Page 47
    ... American market for Porsche. It is home to a fascinating customer experience centre with a test track, as well as the offices of Porsche Cars North America and other subsidiaries. The plan is to open a second customer experience centre in Los Angeles in 2016. Canada: Another Record Year Porsche set...

  • Page 48
    ...sales. 22 percent of all Cayenne and Panamera models in the Europe region were ordered with innovative plug­in hybrid technology. +21 % Deliveries in Porsche's home market of Germany again achieved a record high of 28,953 new vehicles. Annual Repor t - Porsche AG - 2015 44 Business Development

  • Page 49
    ... in France in 2015. With 5,015 deliveries to French customers, the brand also set a new record for deliveries, outperforming the prior­year figure by a quarter. Porsche's double victory at Le Mans was accompanied by the opening of the new Porsche Experience Centre, located in the direct vicinity of...

  • Page 50
    ... twelve Porsche Centres opening their doors in the reporting period. At the end of the year, the number of dealers had risen to 91. +24 % With 58,009 vehicles China was Porsche's strongest individual sales market for the first time. Annual Repor t - Porsche AG - 2015 46 Business Development

  • Page 51
    ... Executive Board of Porsche for Production and Logistics. He took up his role on 1 February 2016. Reimold transferred to Zuffenhausen from Bratislava, where - for four years - he +46 % 2015 was again a record year for Porsche Cars Australia. Sales of Cayenne Diesel Vehicles in the United States...

  • Page 52
    ... parts. New U.S. Headquarters with Test Track Porsche opened its new North America corporate headquarters in Atlanta, Georgia, in May 2015, including a customer experience centre. With a price tag of 100 million USD, the One Porsche Drive project is Porsche's largest­ever investment outside Germany...

  • Page 53
    ...the United States, the market for passenger cars and light commercial vehicles could continue to benefit from the favourable conditions in 2016, and the positive trend observed in the prior­year period could continue at a weakened pace. However, volumes in the South American markets are expected to...

  • Page 54
    .... A love of football unites Chief Financial Officer Lutz Meschke and the President of the Stuttgarter Kickers, Rainer Lorz. With a verbal double pass, the Deputy Chairman of Porsche AG underlines the company's social commitment at its major production sites. Porsche promotes young players from all...

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    51

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    ... where the German team had stayed before their group match against L. M. - Lutz Meschke, Deputy Chairman and Member of the Executive Board of Porsche AG, responsible for finance and IT. R. L. - Annual Repor t - Porsche AG - 2015 Rainer Lorz President of Stuttgarter Kickers, visiting professor...

  • Page 57
    ... the game. This unbridled commitment unleashes new energy and boosts the confidence of the young players....good key word. That's what football can offer young people. In a team sport you practice skills, like ambition and perseverance, in a natural way. This also applies to the other sports we support...

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    Football is a great school. The team is everything. Annual Repor t - Porsche AG - 2015 54 Promotion of Young Talents I

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    55

  • Page 60
    ... regional schools help motivate children in school, sport and vocational training. Promoting young people from all types of social backgrounds is the focus. Annual Repor t - Porsche AG - 2015 R. L. - I agree with you. The young age is a very important key in their social and sporting development...

  • Page 61
    ...to our social responsibility in this way at the site in Stuttgart. R. L. - The cooperation with Porsche is really important for us. Companies like Porsche make a great contribution, particularly towards integrating underprivileged chil­ dren and young people. It's vital that we not only have a few...

  • Page 62
    ... Stuttgarter Kickers on the ball - and create a positive snowball effect. Promoting young people is a major priority in our company. The number of training places has increased in the past three years by 50 percent to 150 places. We opened our new training centre in Zuffenhausen last year. Porsche...

  • Page 63
    In the past they themselves played football in a club. Their passion for sport has remained. 59

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    Annual Repor t - Porsche AG - 2015 60 Promotion of Young Talents I

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    Taking stock after an intensive day: Lutz Meschke and Rainer Lorz stay on the ball even after the final whistle. 61

  • Page 66
    ... you for this wonderful opportunity" Promotion of Young Talents II 6,9 03 . 17 DUBAI PTRCA Facts P T R 2.0 C A km Founded in ...2008 Training Occupation ...automotive mechatronics engineer Apprenticeships Completed ...250 since 2009 Apprentices/year ...32 120 from 2016 145 from 2017 Planned New...

  • Page 67
    Service mechatronics engineer Jayson Supan in the Porsche workshop in Dubai. The Philippine citizen has qualified as a diagnostic specialist. What happens when professionals in After Sales from Porsche, a Porsche importer and a Catholic educational institute come together in Manila? The result is ...

  • Page 68
    ...year­old has been working as an automotive mechatronics engineer at the Al Nabooda Automobiles Porsche Center in Dubai. This car dealer from the United Arab Emirates, like many of his colleagues in the growing Middle East market, relies on Porsche special­ ists like Jayson. The likeable young man...

  • Page 69
    ... of the Don Bosco Technical Institute. 1,500 Philippine citizens per year group will receive training as automotive mechatronics engineers as of 2016. 120 apprentices will start their training to become automotive mechatronic engineers or bodywork engineers in 2017. 145 In training, theory and...

  • Page 70
    ... are the largest national groups in the large Porsche team in Dubai. His team­building activities work for people of very different nationalities. What he appreciates among young people from the East Asian island state above Annual Repor t - Porsche AG - 2015 66 Promotion of Young Talents II

  • Page 71
    ... apprentices per year, in 2016 there will be 120 and in 2017 even 145 young men and wo men being trained to become auto­ motive mechatronics engineers for state­of­the­art technology, and from 2017 bodywork engineers as well. At the present time, a new 6,000-squaremetre training centre is being...

  • Page 72
    ... the new engine plant with an area of 10,000 square metres, and the new body shell production facility. Significant investments are also being made Employees Annual Repor t - Porsche AG - 2015 Porsche was very successful in financial year 2015, thanks once again to its employees. The key human...

  • Page 73
    ... the international Porsche Advanced Management Programme in the year under review boosted the quality of the training options available to senior executives in the Porsche Group. The programme was developed The Porsche Group received over 140,000 applications in 2015. +40 % excellent high school...

  • Page 74
    ... to 85 percent of vacant manage­ ment positions. Work-life Balance Further improving the work­life balance remained a key area of activity in the reporting period. For example, information events were offered to expectant parents and employees on parental leave, networking events were launched for...

  • Page 75
    ... The increase in the number of employees at Porsche AG over the past several years and the associated challenges were essential compo­ nents of the 2018 HR strategy, which success­ fully responded with specific HR measures as part of the ongoing "Excellent human resources management" programme. HR...

  • Page 76
    ... the prior­year period. A Word of Thanks to Our Employees Our employees play an active role in Porsche's success story in their day­to­day work. This success is a direct reflection of their high level of commitment, their knowledge and their passion across all locations. The Executive Board would...

  • Page 77
    Porsche Employees at the Sites in Germany* Other German Sites 300 BietigheimBissingen 1,360 (+60) Sachsenheim 500 Leipzig 3,750 (+500) Ludwigsburg 1,780 (+280) Weissach 5,560 (+410) Zuffenhausen 8,500 (+600) 10 Employees 10 New Employees *between January 1, 2015 and December 31, 2015 73

  • Page 78
    ...car manufacturer has organised the Porsche Golf Cup, a worldwide amateur tournament series for customers, for 27 years. This invitation­ only series saw more than 8,000 customers play at 150 tournaments in 17 countries in the reporting period. The inaugural Porsche European Open at Europe's largest...

  • Page 79
    .... Porsche presented the Leipzig Opera Ball Sophisticated Fashion Award - the ball's own fashion prize for young designers - for the first time. Porsche extended its partnership with the Leipzig Opera Ball for a further three years in the reporting period with the aim of promoting cultural diversity...

  • Page 80
    ... Korea as part of international guest appearances in the reporting period and delighted audiences with the Ballet in the Park event in its home city of Stuttgart. For a whole weekend, the company's performances were broadcast live from the opera house on a public projection screen in the courtyard...

  • Page 81
    ... GaraGe, the technology centre of the Association of German Engineers, in Leipzig. Porsche has supported the project financially and has provided equipment for the GaraGe for 14 years. Young people can tinker with a 911, look inside the engine and carry out electronics tests themselves. The training...

  • Page 82
    mpio a h C r er s' mpion u t c a nuf er s' Cha a M iv ce uran rance Dr d n E u d Wo r l o r l d E n d W C E W n 1 P LM Annual Repor t - Porsche AG - 2015 78 WEC - Le Mans

  • Page 83
    ...the company at the 83 rd 24 Hours of Le Mans - as a double win. The drivers, Earl Bamber, Nico Hülkenberg and Nick Tandy, were the first to see the finishing flag with the innovative Porsche 919 Hybrid 45 years to the day after the first Porsche overall victory on the Sarthe circuit. The sister car...

  • Page 84
    ..., New Zealand Nick Tandy - 30, United Kingdom START NUMBER Marc Lieb - 34, Germany Romain Dumas - 37, France Neel Jani - 31, Switzerland START NUMBER 17 19 18 Annual Repor t - Porsche AG - 2015 WEC 2015 80 WEC - Le Mans World Endurance Championship C MA NU FA C T U R E R S H ' C AM PI...

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  • Page 86
    ...the third lap. Timo Bernhard is already in full competition mode: "What a start. It's getting straight to the point." Start Annual Repor t - Porsche AG - 2015 From left to right: Andreas Seidl, Porsche Team Principal, Fritz Enzinger, Head of LMP1, Alexander Hitzinger, Technical Director LMP1. 82

  • Page 87
    No other company lives Le Mans like Porsche. Even Dr. Wolfgang Porsche and Matthias Müller accompany the team day and night in the pit. 16:08 The first safety car phase brings the field closer together and events come thick and fast. Porsche and Audi are leading in turn. At 17:20 the 919 Hybrid (...

  • Page 88
    Annual Repor t - Porsche AG - 2015 84 WEC - Le Mans

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    85

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    23:59 Change Up Front As so often happens - everything's different at night. A stop­and­go penalty throws the leading trio of Timo Bernhard, Brendon Hartley and Mark Webber (...after 91 laps, moves into first place at midnight. Bamber: "The race is very fast." Annual Repor t - Porsche AG - 2015 86

  • Page 91
    ... 33, Germany Brendon Hartley - 25, New Zealand Mark Webber - 38, Australia START NUMBER 17 02:47 Everyone is wide awake at Porsche. Long intervals between tyre changes, strong driver performance and formidable pit stop times push the 919 Hybrid forward. Success tactics - all three race cars drive...

  • Page 92
    Annual Repor t - Porsche AG - 2015 88 WEC - Le Mans

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    89

  • Page 94
    ...for a full service, changes the engine cover, the rear wing, the tyres - and the driver again: Nick Tandy gets back on the track as front runner. DRIVERS Marc Lieb - 34, Germany Romain Dumas - 37, France Neel Jani - 31, Switzerland START NUMBER Annual Repor t - Porsche AG - 2015 12:02 Confidence...

  • Page 95
    ...): double victory after 24 hours and 395 laps. Hollywood actor, Patrick Dempsey, takes an impressive second place in the GTE­Am class. There's no stopping the cheering. Hülkenberg takes his lap of honour in the 919 Hybrid. He rips open the door to resounding cries of joy. Trembling, his team mates...

  • Page 96
    ... Hybrid Powertrain of the Porsche 919 Hybrid. The V4 direct fuel injection with turbo charger is integrated into the chassis as a central engine. The batteries in the centre of the vehicle supply the electric engine on the front axle with power. Annual Repor t - Porsche AG - 2015 92 WEC - Le Mans

  • Page 97
    .... This experience gave our production series colleagues the courage to introduce the Mission E design study with 800­volt technology. From the race track to the road: perfect team­ work à la Porsche. > 500 hp Performance and Efficiency: a V4­cylinder engine with direct fuel injection, turbo...

  • Page 98
    ... with a specially developed Porsche Double Clutch (PDK) transmission. The 911 family's largest­ displacement and highest­powered naturally aspirated engine with direct fuel injection catapults the car from 0 to 100 km/h in 3.3 seconds. Its combined fuel consumption is 12.7 l/100 km (NEDC). The...

  • Page 99
    ...to 8.0 l/100 km. The Macan GTS took centre stage at the Tokyo Motor Show 2015. With this global launch, the year's entire new range of Macan compact SUVs now includes the Porsche Communication Management (PCM) that made its debut in the 911 Carrera. Its key features are real-time traffic information...

  • Page 100
    ... latest generation Porsche Communication Management (PCM) system with state­of­the­art touchscreen display comes as standard, and an optional navi­ gation module is available. Annual Repor t - Porsche AG - 2015 bi­xenon headlights with integrated LED day­ time running lights. The redesigned...

  • Page 101
    ... and Consumption Data of the Newly Introduced Vehicles Model Output (kW) Output (hp) Fuel Consumption Urban (l/100 km) Fuel Consumption Extra-urban (l/100 km) Fuel Consumption Combined (l/100 km) CO 2 Emissions Combined (g/km) CO 2 Efficiency Class (Germany) 718 Boxster 718 Boxster PDK 718...

  • Page 102
    Annual Repor t - Porsche AG - 2015 98 911 - Mission E

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    Pointing the Way to the Future. 99

  • Page 104
    ... 1983 and has been Product Director for this extremely successful family of sports cars for 15 years. It was he who, together with his team, also launched the new generation. Product Director August Achleitner Annual Repor t - Porsche AG - 2015 The Diamond Radiates Style. 10 0 911 - Mission E

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    101

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    Annual Repor t - Porsche AG - 2015 10 2 911 - Mission E

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    10 3

  • Page 108
    ... decades of experience with turbo engines - both in racing and in production sports cars. The new boxer engines of the Carrera 911 rely on this and at the same time benefit from what the top model 911 Turbo has always excelled at. This youngest generation was launched at the end of last year and the...

  • Page 109
    ... changes. That means important time gains, especially on round trips." And the new standard Porsche Com­ munication Management and multi­ touch screen makes everyday driving more pleasant. Its extensive range of functions includes online navigation, modern connectivity and voice control. Design...

  • Page 110
    ... with the brand - and it is a highly successful product. As such, it not only makes a considerable contribution towards the strong company profit situation, but also guides the company's path into the future with its great number of new technologies. The other Porsche models benefit from these...

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    107

  • Page 112
    ... you build the best sports car in the world, you always have to be one vehicle length ahead of the competition. That's Porsche. No brand of car has won more races. No other manufacturer is so successful in the domain of dynamic mobility. And no other manufacturer offers the sportiest and technically...

  • Page 113
    10 9

  • Page 114
    ... essential - the typical Porsche driving experience." The combi­instrument presented here shows five circular instruments - undeniably Porsche, but virtually pre­ sented in OLED technology, that is, using organic light­emitting diodes. 3 Annual Repor t - Porsche AG - 2015 110 911 - Mission E

  • Page 115
    ...these apps, including media, naviga­ tion, air conditioning, contacts and the vehicle. Grasping means selecting, pulling means controlling. What is more, the concept car can also be configured externally by tablet using Porsche Car Connect. With the help of "over the air" and "remote" services, the...

  • Page 116
    Annual Repor t - Porsche AG - 2015 112 911 - Mission E

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    113

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    Annual Repor t - Porsche AG - 2015 114 911 - Mission E

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    ... business management and help the Porsche Centres to optimise their business environment. Further coaching modules are already being developed. Overall, Porsche's services are better positioned than ever before to offer customers a tailored and unique service experience. Sales Professional Service...

  • Page 121
    ...and profes­ sional partners at Porsche Centres around the world. The success of these customer service and customer satisfaction measures is confirmed by numberous international studies. For the eleventh time in a row, Porsche placed first overall in the Automotive Performance, Execution and Layout...

  • Page 122
    ... for 15,055 vehicles. 10,487 units of the Cayman and, since June last year, 15,803 Cayennes were produced at the Volkswagen Group's multi-brand location in Osnabrück. Changes to the Executive Board At the end of financial year 2015, the Supervisory Board of Porsche AG appointed Albrecht Reimold...

  • Page 123
    The new engine plant will be opened in June 2016 and includes a state-of-the-art assembly line with logistics space and engine testing systems as well as offices and recreation rooms. Around 400 employees will work here over two storeys. The new plant is specially designed for the pro­ duction of ...

  • Page 124
    ... premium SUV category in the "2015 China Initial Quality Study" (IQS). The study is based on feedback from around 21,700 Chinese new car owners who purchased vehicles between October and June 2015. Procurement Porsche AG added attractive vehicle projects to its product range in financial year 2015...

  • Page 125
    ...AG delivered 225,121 vehicles to customers in the past financial year, a new record for the Company. Procurement ensured that all vehicles were supplied at all times. Mission E - The Future of Porsche The Supervisory Board's endorsement of the electric vehicle presented at the IAA as Mission E makes...

  • Page 126
    Annual Repor t - Porsche AG - 2015

  • Page 127
    ... 2,953 million euro to 3,286 million euro. The increase mainly relates to capitalised development costs. The largest additions relate to the Panamera and Cayenne model series. Property, plant and equipment increased in comparison to the prior year by 493 million euro to 4,580 million euro, primarily...

  • Page 128
    ... of the Porsche AG Group million euro Dec. 31, 2015 % Dec. 31, 2014 % Assets Intangible assets Property, plant and equipment Equity-accounted investments Other equity investments Leased assets Financial services receivables Other financial assets Other receivables Tax receivables Deferred...

  • Page 129
    ... Holding Stuttgart GmbH. Cash and cash equivalents increased significantly year on year, climbing by 925 million euro to 2,485 million euro. The equity of the Porsche AG Group increased by 1,101 million euro to 10,700 million euro compared with the prior-year reporting date. The profit after tax...

  • Page 130
    ...December 31, 2015. Cash Flow from current business activities in million euro Results of Operations The Porsche AG Group's profit after tax increased by 134 million euro from 2,201 million euro in the corresponding prior-year period to 2,335 million euro in the reporting period. The tax rate in the...

  • Page 131
    ...the equity method. The healthy cost structure and the sustainably high earnings power of the Group are also reflected in the key performance indicators. The Porsche AG Group achieved an operating return on sales of 16 percent in the past financial year (prior year: 16 percent). The pre-tax return on...

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    ...450 2,719 Share of profits and losses of equity-accounted investments Finance costs Other financial result Financial result 4 - 142 116 - 22 -1 - 203 545 341 Profit before tax 3,382 3,060 Income tax income / expense Annual Repor t - Porsche AG - 2015 - 1,047 - 1,137 90 2,335 2,334 1 - 1,903...

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    Consolidated Statement of Comprehensive Income of Porsche AG for the period January 1 to December 31, 2015 million euro Profit after tax FY 2015 FY 2014 2,335 2,201 Pension plan remeasurements recognized in other comprehensive income Pension plan remeasurements recognized in other ...

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    ...31, 2015 Dec. 31, 2014 Consolidated Statement of Financial Position of Porsche AG as of December 31, 2015 Intangible assets Property, plant and equipment Leased assets Equity-accounted investments Other equity investments Financial services receivables Other financial assets Other receivables Tax...

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    Consolidated Statement of Cash Flows of Porsche AG for the period January 1 to December 31, 2015 million euro Cash and cash equivalents at the beginning of the period Profit before tax Income taxes paid Depreciation and amortization Gain / loss on disposal of non-current assets Share of profits and...

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    ... Statement of Changes in Equity of Porsche AG for the period January 1 to December 31, 2015 ...Taxes recognized in other comprehensive income Other comprehensive income Profit after tax Total comprehensive income Capital contribution Profit transfer and dividends Annual Repor t - Porsche AG - 2015...

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    ...before non-controlling interests Non-controlling interests Group equity Other comprehensive income Revaluations from pension plans Securities marked to market Cash flow hedges Currency translation Equityaccounted investments - 265 - - 652 - 194 - 458 - - 458 - - - 723 254 - - - 258 4 - 254...

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    ...December 2015) Dr. Karlheinz Blessing Member of the Board of Management of Volkswagen AG Human Resources and Organisation (Member of the Supervisory Board since 29 February 2016) Prof. Dr. rer. pol. Horst Neumann Member of the Board of Management of Volkswagen AG Annual Repor t - Porsche AG - 2015...

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    ... Management and Production Jordana Vogiatzi * Press officer IG Metall Administrative Office Stuttgart Axel Weyland * Head of Drivetrain Division at Porsche Engineering Services GmbH Werner Weresch * Member of the group works council Member of the general works council of Dr. Ing. h.c. F. Porsche AG...

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    ... PDK 911 Carrera S Cabriolet 911 Carrera S Cabriolet PDK 911 Carrera 4 911 Carrera 4 PDK 911 Carrera 4S 911 Carrera 4S PDK 911 Carrera 4 Cabriolet 911 Carrera 4 Cabriolet PDK 911 Carrera 4S Cabriolet 911 Carrera 4S Cabriolet PDK 911 Targa 4 911 Targa 4 PDK Annual Repor t - Porsche AG - 2015 272...

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    ...Model Output (kW) 2) Output (hp) 2) Power Consumption (kWh/ 100 km) Fuel Consumption Combined (l/100 km) CO 2 Emissions Combined (g/km) CO 2 Efficiency Class (Germany) Cayenne S E-Hybrid Panamera S E-Hybrid 918 Spyder 4) 918 Spyder with Weissach Package 4) 306 306 652 652 416 416 887 887 20.8 16...

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    ... Porsche AG Group 2015 2014 2013 Deliveries 911 918 Spyder Boxster / Cayman Macan Cayenne Panamera units units units units units units units 225,121 31,350 566 22,663 80,216 73,119 17,207 189,849 30,510 301 23,597 44,636 65,941 24,864 161,982 30,205 - 25,704 - 84,041 22,032 Production 911...

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    Imprint Published by Dr. Ing. h.c. F. Porsche AG Porscheplatz 1 D -70435 Stuttgart Germany Phone: +49 711 911­0 www.porsche.com Dr. Josef Arweck, Vice President Communications Frank Scholtys, Director Corporate Communications design hoch drei GmbH & Co. KG Klaus Hepp Marco Prosch Christoph Bauer ...

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    of vehicles worldwide* Deliveries +19 % total deliveries 225,121 (+35,272) * between January 1, 2015 and December 31, 2015 Canada 6,413 United Kingdom 12,238 Benelux 4,996 France 5,015 Switzerland 3,822 USA 51,756 Spain / Portugal 2,595 Italy 4,807 Latin America 3,208 Brazil 732

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    Northern Europe 2,187 Russia 5,290 Eastern Europe 4,972 Germany 28,953 Austria 1,367 South Korea 3,612 Japan 6,527 China 58,009 Middle East and Africa 8,520 Asia-Pacific 5,583 Australia / New Zealand 4,519

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    Dr. Ing. h.c. F. Porsche AG Porscheplatz 1 D-70435 Stuttgart Germany Phone: +49 711 911­ 0