Porsche Ag · XETR:P911
Porsche — Dr. Ing. h.c. F. Porsche — FY2024 Earnings Presentation
82 slides from Porsche's earnings presentation, Mar 26, 2025
Slide 1: Dr. Ing. h.c. F. Porsche AG, Stuttgart
STUT TGART, MARCH 1 2 DR. ING. H.C. F. PORSCHE AG 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and prove to be incorrect, the actual results may be materially information that reflect Dr. Ing. h.c. F. Porsche AG's current views different from those Porsche AG expresses or implies by such about future events. These statements are
Slide 3: Porsche – A unique Story
Porsche – A unique Story ICONIC RESILIENT S U S TA I N A B L E PERFORMANCE BRAND PERFORMANCE LUXURY C U LT U R E 911 GT3 RS: Fuel consumption combined: 13,2 l/100 km; CO₂ emissions combined (WLTP): 299 g/km; CO₂ class: G 3
Slide 4: Porsche – A unique Story
01 P O R S C H E 2 0 2 4 02 P O R S C H E – A U N I Q U E S T O R Y 03 B R A N D & C U S T O M E R 04 P R O D U C T & I N N O V A T I O N 05 S U S T A I N A B I L I T Y 06 T R A N S F O R M A T I O N 07 F I N A N C I A L S 4
Slide 5: Porsche 2024
PORSCHE 2024 O71 PORSCHE
Slide 6: Macan World Premiere, Annual Press Conference, IMSA
Macan World Premiere Singapore 9 us Annual Press Conference Leipzig arena S| IMSA - #1 Drivers’ Cha Z ( ‘ANALYST 8 INVESTOR ‘CONFERENCE 2025
Slide 7: Porsche Product Year 2024
Porsche Product Year 2024 NEW NEW NEW NEW NEW 7
Slide 8: Cayenne E-Hybrid
Cayenne E-Hybrid up to 91 km E-range WLTP (EAER city) Cayenne Turbo E-Hybrid up to 544 kW 739 PS Max. system power Headlights HD matrix Awards 2024 (Ranked #1) Cayenne E-Hybrid (WLTP): Fuel consumption weighted (PHEV model range): 1,8 - 1,5 l/100 km; Fuel consumption cobined (sustaining) (model rang
Slide 9: Panamera E-Hybrid
Panamera 4 E-Hybrid up to 96 km E-Range WLTP (EAER city) Panamera Turbo S E-Hybrid up to 575 kW 782 PS Max. System Output Highend-Suspension Porsche Active Ride Awards 2024 (Ranked #1) Panamera 4 E-Hybrid (WLTP): Fuel consumption weighted (PHEV model range): 1,4 - 1,0 l/100 km; Fuel consumption cobi
Slide 10: Taycan
Taycan up to 678 km WLTP Range Taycan Turbo S up to 700 kW 952 PS Peak Performance Launch Control Charging Speed 10-80 % SoC 18 min Awards 2024 (Ranked #1) Taycan: Electrical consumption combined (WLTP): 20,0 - 16,7 kWh/100 km; CO₂-emissions combined (WLTP): 0 g/km; CO₂ Class: A Taycan Turbo S: Elec
Slide 11: Taycan Turbo GT with Weissach package
Up to 305 km/h Top speed WITH WEISSACH PACK AGE Up to 815 kW 1,108 PS Peak Performance Launch Control 0-100 km/h 2.2 s Awards 2024 (Ranked #1) Taycan Turbo GT with Weissach package (WLTP): Electrical consumption combined (WLTP): 21,3 - 20,6 kWh/100 km; CO₂ -emissions combined (WLTP): 0 g/km; CO₂ Cla
Slide 12: Macan
Macan up to 641 km Range Macan Turbo up to 470 kW 639 PS Launch Control Macan Turbo 0-100 km/h 3.3 s Awards 2024 (Ranked #1) Macan: Fuel consumption combined: 10,7 - 10,1 l/100 km; CO₂-emissions combined (WLTP): 243 - 228 g/km; CO₂ Class: G Macan Turbo: Electrical consumption combined (WLTP): 20,7 -
Slide 13: 911 Carrera GTS
Up to CARRERA GTS 312 km/h Top speed Up to 398 kW 541 PS 0-100 km/h 3.0 s Awards 2024 (Ranked #1) 911 Carrera GTS: Preliminary Fuel consumption combined: 11,0 - 10,5 l/100 km; Preliminary CO₂ -emissions combined (WLTP): 251 - 239 g/km; Preliminary CO₂ Class: G 13
Slide 14: Historically successful Motorsport season 2024
Historically successful Motorsport season 2024 W EC IMSA FO R M U L A E 1 Drivers' Championship 1 Drivers' Championship 1 Drivers' Championship Manufacturer Team & Manufacturer Team & Manufacturer 2 1 2 14
Slide 15: Porsche – A Unique Story
PORSCHE — A UNIQUE STORY O02 PORSCHE
Slide 16: Strategy 2030 Plus
We continue to build on the core elements of our long-term strategy Strategy 2030 PLUS CUSTOMER PRODUCT SUSTAINABILIT Y TR ANSFORMATION QUALIT Y 16
Slide 17: We have a strong foundation
We have a strong foundation C U STO M E R P R O D U CT S U STA I N A B I L I T Y Strong Customer Base Desirable Products Strong Brand Balanced Drivetrain Unique Community Heritage & Exclusivity Offering Performance & Global Sales Coverage Customer Loyalty Motorsports 17
Slide 18: Porsche as a leading luxury brand
Porsche as a leading luxury brand TOP 10 MOST VALUABLE LUXURY AND PREMIUM BR ANDS 2025 1 2 3 4 5 6 7 8 9 10 Source: Brand Finance Luxury & Premium 50 2025 | Link: https://brandirectory.com/rankings/luxury-and-premium/ 18
Slide 19: Continued balanced geographical footprint
Continued balanced geographical footprint FY 20081 FY 2021 FY 2024 ~100 k ~300 k ~310 k Vehicles Delivered Vehicles Delivered Vehicles Delivered 19 % 7% 13 % 32 % 18 % 18 % Overseas China 3 Overseas China3 Overseas China 3 and and and Emerging Emerging Emerging REGIONAL Markets 2 GEOGRAPHIC Markets2
Slide 20: Strong Average Sales Price Development
Strong Average Sales Price Development based on Price, Mix and Value over Volume CAGR 4% €117k 2019 PRICE 2024 €97k MIX VALUE OVER VOLUME Automotive Sales Revenue per vehicle sold Vehicle sales, in the Porsche AG Group are designated as those sales of new and group used vehicles of the Porsche brand
Slide 21: We continuously adapt our strategy
We continuously adapt our strategy to respond to the new situation with the greatest possible flexibility Strategy 2030 PLUS CUSTOMER PRODUCT SUSTAIN- TRANS- ABILITY FORMATION QUALITY BEV ADAPTION GEOPOLITICAL S U P P LY TENSIONS CHAIN 21
Slide 22: Brand & Customer
BRAND & CUSTOMER 03 PORSCHE
Slide 23: Holistic Brand Experience as Top Priority
Holistic Brand Experience as Top Priority IT'S NOT WHAT YOU BUY, IT'S WHAT YOU BUY INTO. 23
Slide 24: Unique Porsche Design Covers All Customer Touchpoints
Unique Porsche Design Covers All Customer Touchpoints 360° CUSTOMER E XPERIENCE 24
Slide 25: Elevate Individualisation Experience
Elevate Individualisation Experience DESIRABILITY I N D I V I D U A L I S AT I O N SPECIAL EDITIONS 25
Slide 26: Individualisation & Classic
Individualisation & Classic OFFER STRUCTURE BESPOKE VEHICLES PRE-DEFINED OPTIONS EQUIPMENT CLASSIC PARTS 26
Slide 27: Individualisation & Classic
Individualisation & Classic SONDERWUNSCH ONE-OFFS BESPOKE CL ASSIC & RESTORATION 27
Slide 28: Individualisation & Classic
Individualisation & Classic E XCLUSIVE MANUFAK TUR VEHICLES GLOBAL LIMITED VEHICLES MARKET LIMITED VEHICLES 28
Slide 29: Individualisation & Classic
Individualisation & Classic E XCLUSIVE MANUFAK TUR OPTIONS EX TERIOR DESIGN INTERIOR DESIGN PAINT TO SAMPLE Panamera Turbo S E-Hybrid: Fuel consumption weighted (PHEV model range): 1,6 - 1,4 l/100 km; Fuel consumption cobined (sustaining) (model range): 11,5 - 10,8 l/100 km; Electrical consumption c
Slide 30: Individualisation & Classic
Individualisation & Classic E XCLUSIVE MANUFAK TUR EQUIPMENT CHARGING UTILIT Y ACCESSORIES 30
Slide 31: Individualisation & Classic
Individualisation & Classic STR ATEGY E VOLUTION 3.0 2.0 FULL POTENTIAL 1.0 [UP]SCALING REALIGNMENT Let’s… Let‘s shift upwards! Let‘s start the engine! 2019 2023 2025 31
Slide 32: Scale existing individualisation offer, create new experiences
S C A L E E X I S T I N G I N D I V I D U A L I S AT I O N O F F E R C R E AT E N E W E X P E R I E N C E S 3 times more SONDERWUNSCH PROJECTS SONDERWUNSCH EXPERIENCES as a WORLDWIDE offer I N D I V I D UA L I S AT I O N & C L A S S I C [ U P ] S C A L I N G S T R AT E GY MA XI MI SE I MPACT ON B R
Slide 33: Average revenue from Exclusive Manufaktur options per car
The average revenue from Exclusive Manufaktur options per car in 2024 continued the previous growth trend DE VELOPMENT OF AVER AGE TURNOVER FROM E XCLUSIVE MANUFAK TUR PER CAR (ILLUSTR ATIVE ) +100% +7% 2019 2020 2021 2022 2023 2024 … P R OJ E CT I O N R E A L I G N M E NT [ U P ] S C A L I NG F U L
Slide 34: Wait times for SONDERWUNSCH products
The current wait times for the SONDERWUNSCH products reflect the high demand and indicates the sales potential PRODUCT OFFER WAITING TIME & RESTRICTIONS O N E- O F FS ~ 8 YEARS BESPOKE ~ 1 YEAR R E S TO R AT I O N ~ 2 YEARS R E- C O M M IS S IO N ~ 2 YEARS PA I N T TO S A M P L E L I M I T E D AVA I
Slide 35: Exploiting the strong potential of Individualisation
Exploiting the strong potential of Individualisation with a clear focus on exclusivity Paint to Sample Vehicles Vehicles Vehicles Vehicles 2024 2030 2024 2030 HOME OF I N D I V I D U A L I S AT I O N & CLASSIC even more “Halo-Vehicles“ Turnover per vehicle Turnover per vehicle CORE H E R I TAG E OFF
Slide 36: Product & Innovation
PRODUCT & INNOVATION O4 PORSCHE
Slide 37: Unique Product IDs While Keeping a Strong Brand ID
Unique Product IDs While Keeping a Strong Brand ID BRAND IDENTITY PRODUCT IDENTITY Recognize, that it is a Porsche Recognize, which Porsche it is 37
Slide 38: Balanced offering of combustion engines, plug-in hybrids and electric drives
Balanced offering of combustion engines, plug-in hybrids and purely electric drives well into the 2030s ICE HYBRID BE V 38
Slide 39: Increasing our high flexibility for the transition period
Increasing our high flexibility for the transition period - ILLUSTR ATIVE - − Extented and improved offering well into the 2030s ICE/HEV incl. modernized Currently stronger and E/E-architecture longer-term ICE/HEV − Broadening offering incl. demand than forecasted selective portfolio expansions # mo
Slide 40: Porsche derivative strategy with focus on exclusivity
Porsche derivative strategy with focus on a high level of exclusivity PIONEER TR ACK ST YLE CORE 40
Slide 41: Joint strategic technology development in the VW group
Joint strategic technology development in the VW group ensures synergies and speed in the future LEVERAGING VOLKSWAGEN DIFFERENTIATING PORSCHE GROUP ECOSYSTEM & SCALE Exclusive & performance Joint development & experience use of technology Unique & differentiating Benefitting from value proposition
Slide 42: We are aiming for a Software Defined Vehicle
A high-performance architecture is the key to future competitiveness Continuous Comfort through Personalized improvement through connectivity user experience over-the-air updates We are aiming for a Software Defined Enhanced Sustainability & Future security efficiency readiness & Vehicle… flexibilit
Slide 43: Meet our future BEV-architecture from the new joint venture
Meet our future BEV-architecture from the new joint venture High-performance & future-proof technology Fast development based on industrialized architecture New BEV-Architecture Low costs due to − 50/50 Joint Venture of the VW Group economies of scale and Rivian − 2 Co-CEOs from VW Group and Rivian
Slide 44: Sustainability
SUSTAINABILITY O5 PORSCHE
Slide 45: Sustainability – Strategic Pillars
Sustainability – Strategic Pillars 01 02 03 04 05 06 45
Slide 46: Striving for decarbonisation of its value chain
In challenging times Porsche keeps on striving for decarbonisation of its value chain VEHICLE PRODUCT STR ATEGY SUPPLY CHAIN VEHICLE PRODUCTION VEHICLE USE PHASE Increasing the proportion of electrified − Demand for direct suppliers to use Renewable energies3 at Porsche‘s − Renewable energies vehicl
Slide 47: Being responsible. The new all-electric Macan
Being responsible. The new all-electric Macan 01 02 SUPPLY CHAIN PRODUCTION Porsche has taken measures to reduce the Macan’s CO₂ emissions in the supply Porsche reduces CO₂ emissions during production of the Macan in Leipzig by using chain. This is why, for example, CO₂-reduced aluminum and electric
Slide 48: Porsche as a responsible Partner to Society
Porsche as a responsible Partner to Society CREATING CHANCES PROMOTING SAFE WORK PROMOTING SAFE WORK ENABLING A SELF-DETERMINED LIFE Fulfilling people’s dreams is a matter close to Porsche wants to support people along the heart of Porsche. Education and integration the vehicle value chain and advoc
Slide 49: Porsche exceeded the targets for the statutory gender quota
Porsche exceeded the targets for the statutory gender quota 2024 ACTUALS VS. TARGE T 2024 ACTUALS 2 0 2 4 TA R G E T First management level 22.0 % 20.0 % Second management level 18.8 % 18.0 % 49
Slide 50: External assessment of Sustainability Performance
External assessment of Sustainability Performance OVERVIE W OF RECENT R ATING RESULTS 2024 C+ (PRIME) 1 2 18.3 (LOW RISK) BB 3 A- 4 1 Scale D- to A+ (best), score as at date: 12/03/2024 l 2 inverse scale 100 to 0 (best), last full update 12/20/2024 l 3 scale CCC to AAA (best), rating action date: 10
Slide 51: Transformation
TRANSFORMATION 06 PORSCHE
Slide 52: Adaptability – a key element in our performance culture
Adaptability – a key element in our Porsche performance culture AGILIT Y PIONEERING SPIRIT PAS SION O N E F A M I LY Flexibility and Innovation and entre- Enthusiasm and Strong team and adaptability preneurial mentality engagement attractive employer Porsche has only remained Porsche by constantly c
Slide 53: Road to 20 as continued enabler for profitability resilience
Road to 20 as continued enabler for profitability resilience Continuation of Road to 20 as Refocus of Road to 20 Emphasis now on sustainable performance program with to strengthen resilience optimisation of the cost structure, e.g. general, long-term, strategic in challenging times − Personnel costs
Slide 54: Regulatory framework of rescaling on employee side
Regulatory framework of rescaling on employee side 2025 MEASURES ST R U C T U R A L PAC K AG E I N N E G OT I AT I O N COSTS Immediate measures for personnel costs Sustainable adaptation of personnel costs QUANTIT Y Agreement for the implementation of Review of the overall alignment of PAG & sociall
Slide 55: Socially responsible measures to optimise corporate structure
Socially responsible measures to optimise corporate structure and strengthening future resilience DEVELOPMENT OF POSITIONS & F TE 1 MEASURES 01 Utilizing demografics 02 Restrictive hiring FTE- Forecast 03 „Sonder-ATZ“ program 2 2024 2025 2026 2027 2028 2029 1) Full Time Equivalent; Porsche AG 2) Son
Slide 56: Our China strategy builds on three focus areas
Our China strategy builds on three focus areas derived from our global strategy PRODUCT & SERVICES CUSTOMER & BR AND ORGANISATION & EFFICIENCY 56
Slide 57: First milestones of recalibrating our Chinese footprint
First milestones of recalibrating our Chinese footprint have already been reached NE T WORK RECALIBR ATION INTERNAL REORGANIZATION # Point of Sales # Investors # Internal Core Employees (FTE) 1 # External Employees 150 ~ 450 144 ~ 400 ~ 100 ~ 200 ~ 100 31 ~25 01/2024 01/2025 01/2027 01/2024 01/2027
Slide 58: Current Lean Production Footprint
Current Lean Production Footprint WITH FULL FLE XIBILIT Y TO RESPOND TO FUTURE CUSTOMER DEMAND 718 Boxster Osnabrück Cayenne Malaysia (until Q3 2025) 718 Cayman Panamera Leipzig Macan Macan electric 911 Zuffenhausen Taycan Bratislava Taycan CUV / ST Cayenne Cayenne Coupé Potential Midterm Drivetrain
Slide 59: Measures to manage supply chain risks
Porsche has implemented various measures to manage supply chain risks for production material ME ASURES FOR TOP MATERIAL GROUPS SUPPLY CHAIN RISK R ADAR Manipulation/ Aggressiveness 2.000 Supply Chain Transparency Nature Energy Tier 1 Suppliers for production material Material Group Strategy RISK R
Slide 60: Financials
FINANCIALS Q7 PORSCHE
Slide 61: Porsche AG – Strong Top Line and Solid Performance
Porsche AG – Strong Top Line and Solid Performance DESPITE CHALLENGING CONDITIONS AND ELE VATED SPENDING TOPIC MES SAGE 2024 Even under challenging conditions, Porsche is financially robust with a strong cash conversion benefiting from our GROUP “value over volume” approach and continued strong cust
Slide 62: Group and Automotive
Group and Automotive FINANCIAL PERFORMANCE OVERVIE W 2024 GROUP SALES RE VENUE GROUP RE TURN ON SALES GROUP OPER ATING PROFIT 1 (-1.1 % compared to previous year) (-390 bps compared to previous year) (-22.6 % compared to previous year) AUTOMOTIVE EBITDA MARGIN AUTOMOTIVE NE T CASH FLOW MARGIN BE V S
Slide 63: Group and Automotive
Group and Automotive FINANCIAL PERFORMANCE OVERVIE W 2024 AUTOMOTIVE OPER ATING PROFIT AUTOMOTIVE NE T LIQUIDIT Y (Automotive RoS 14.5 %) (+18.6 % compared to previous year) AUTOMOTIVE RESE ARCH AUTOMOTIVE RE TURN ON AND DE VELOPEMENT COSTS CAPITALE XPENDITURE INVESTMENTS (6.9 % of Automotive Sales
Slide 64: Group – Sales Revenue and Operating Profit
Group – Sales Revenue and Operating Profit 2023 VS. 2024 GROUP SALES GROUP OPER ATING Extensive renewal of product RE VENUE , IN € BN PROFIT, IN € BN portfolio, the overall challenging economic and political environment, -1.1 % -22.6 % the slower transformation towards electromobility, tense supply
Slide 65: Group – Operating Profit Development
Group – Operating Profit Development 2023 VS. 2024 CONTRIBUTOR S TO OPER ATING PROFIT DE VELOPMENT, IN € BN Group Sales Revenues impacted by lower product availability and focus -22.6 % on globally balanced deliveries Positive impact from increased 7.3 -1.0 pricing and beneficial -0.3 individualisat
Slide 66: Automotive – Sales Revenue and Deliveries
Automotive – Sales Revenue and Deliveries 2023 VS. 2024 AUTOMOTIVE SALES DELIVERIES, Lower Automotive Sales Revenues REVENUE, IN € BN IN K UNITS due to changeovers of Panamera, Taycan, Macan as well as the model -2.4% -3.0 % launch of the 911 37.3 36.4 320.2 Increased pricing and beneficial 310.7 in
Slide 67: Automotive – Deliveries
Automotive – Deliveries 2023 VS. 2024 REGIONAL DISTRIBUTION Porsche has grown in four out of five world regions and achieved historic 2023 2024 records Porsche is sticking to its value- Overseas and based sales approach aiming to Overseas and Emerging Markets Germany Emerging Markets Germany balance
Slide 68: Automotive – Deliveries by model
Automotive – Deliveries 2023 VS. 2024 MODEL DISTRIBUTION, IN K UNITS Porsche AG renewed four out of the six model lines in 2024 New electric Macan has been 2024 102.889 2023 87.553 +18 % successively introduced to the markets with over 18k units 2024 [18.278] [64.517] 82.795 -5 % The iconic 911 spor
Slide 69: Automotive – Deep Dive on Vehicle Sales
Automotive – Deep Dive on Vehicle Sales 2022 VS. 2023 VS. 2024 REGIONAL DISTRIBUTION, % OF VEHICLE SALES Vehicle sales 313.721 333.605 312.620 12 % 12 % 13 % Germany 27 % 29 % North America 2 32 % China 3 23 % 30 % 16 % Europe (excl. GER) 22 % 24 % 19 % Overseas and 12 % 14 % 15 % Emerging Markets 2
Slide 70: Automotive – Operating Profit
Automotive – Operating Profit 2023 VS. 2024, IN € BN -23.8 % Automotive Sales Revenues impacted by lower product 6.9 availability and ‘value over volume‘ strategy in China 5.3 Positive impact from increased pricing and beneficial individualisation Elevated material costs, R&D expenses, D&A and launc
Slide 71: Financial Services – Operating Profit
Financial Services – Operating Profit 2023 VS. 2024, IN € BN -8.0 % 0.3 Lower penetration rate due to high 0.3 interest rate environment, shifts in market mix, and new model launches Unchanged robust risk profile Less favorable valuation effects from interest rate derivatives outside of hedge accoun
Slide 72: Automotive – Net Cash Flow and Liquidity
Automotive – Net Cash Flow and Liquidity 2023 VS. 2024 Cash flow from operating activities N E T CAS H F LO W, N E T L I Q U I D I T Y, decreased due to lower Automotive IN € BN IN € BN Operating Profit and lower profit before tax offset by inflows in -6.0 % +18.6 % working capital 8.6 Cash flow fro
Slide 73: Porsche Financial Outlook
Porsche Financial Outlook MOST IMPORTANT PERFORMANCE INDICATORS 2024 OUTLOOK 2025 Sales Revenue € 40.1 bn € 39 - 40 bn GROUP Return on Sales (RoS) 14.1 % 10 - 12 % EBITDA Margin 22.7 % 19 - 21 % AUTOMOTIVE Net Cash Flow Margin 10.2 % 7-9% BEV Share 12.7 % 20 - 22 % Our general long-term strategic am
Slide 74: Measures to strengthen financial resilience and profitability
Extensive measures have been initiated to strengthen the financial resilience and profitability in the short and medium term RoS Illustrative Product changeover & Strategic Fixed Economic initiatives / environment recalibration Costs €0.8 bn Expansion of Product Expansion Portfolio / ‚Halo projects‘
Slide 75: Short-term Capex and R&D increase for strategic adaptation
Company Framework requires short-term Capex and R&D increase for strategic adaptation Extensive Product Portfolio Prioritisation FUTURE CAPEX Changeover and Software & R&D 2021 2025 Illustrative 75
Slide 76: Capital Allocation Policy
Capital Allocation Policy DIVIDEND: 20241: € 2.30 / € 2.31 per ordinary / preferred share MID -TERM TARGE T: 50 % pay-out ratio2 CAPE X & R&D : Focused investment program TECHNOLOGY & VENTURE : Select investments with preference for partnerships PENSION: Commitment to partially fund the pension defi
Slide 77: Group – condensed consolidated Income Statement
Group – condensed consolidated Income Statement IN € MN 2023 % 2024 % DELTA % SALES REVENUE 40,530 100.0 40,083 100.0 -446 -1.1 (-) Cost of sales -28,924 -71.4 -29,756 -74.2 -832 2.9 (=) Gross profit 11,606 28.6 10,327 25.8 -1,278 -11.0 (-) Distribution expenses -2,869 -7.1 -3,099 -7.7 -230 8.0 (-)
Slide 78: Automotive – Research & Development
Automotive – Research & Development IN € MN 2023 2024 Total research and development costs 2,834 2,528 % of Automotive Sales Revenue 7.6 % 6.9 % Expensed research and development costs (A) 752 945 % Total research and development costs 26.5 % 37.4 % Capitalized development costs 2,081 1,583 % Total
Slide 79: Group – Statement of Financial Position (assets)
Group – condensed consolidated Statement of Financial Position IN € MN 31.12.2023 31.12.2024 DELTA % Intangible assets 8,554 8,941 387 4.5 Property, plant and equipment 9,394 10,048 654 7.0 Leased assets 4,190 5,393 1,202 28.7 Financial services receivables 4,676 5,078 402 8.6 Equity-accounted inves
Slide 80: Group – Statement of Financial Position (equity and liabilities)
Group – condensed consolidated Statement of Financial Position IN € MN 31.12.2023 31.12.2024 DELTA % Equity before non-controlling interests 21,667 23,043 1,376 6.3 Non-controlling interests 1 13 12 > 100.0 Equity 21,668 23,056 1,388 6.4 Provisions for pensions and similar obligations 4,315 4,074 -2
Slide 81: Financial Calendar 2025
Financial Calendar 2025 APRIL 29, 2025 Quarterly Report January - March 2025 MAY 21, 2025 Annual General Meeting 20251 JULY 30, 2025 Half-Yearly Financial Report 2025 OCTOBER 24, 2025 Quarterly Report January - September 2025 The Annual General Meeting 2024 of Porsche AG is currently still in the pl
Slide 82: Execution is where the rubber meets the road
- nEXECUTION IS WHERE = “THE RUBBER MEETS l= ROAD.” ——
Dr. Ing. h.c. F. Porsche — FY2024 Earnings Presentation on 6ix