Bmw Group Profit from Ordinary Activities

Sustainable Value Report 2003/2004

Innovation. Efficiency. Responsibility.

Rolls-Royce

Motor Cars Limited

BMWGroup Profit from ordinary activities

in euro million

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

98

HGB

99

HGB

00

HGB

01

IAS

1,061 1,111

1,663

3,242

02

IAS

3,297

00

IAS

2,032

BMWGroup Revenues

in euro billion

45

40

35

30

25

20

15

10

98

HGB

99

HGB

00

HGB

01

IAS

32.3

34.4 35.4

38.5

02

IAS

42.3

00

IAS

37.2

BMWGroup Capital expenditure

in euro million

4,600

4,100

3,600

3,100

2,600

2,100

1,600

1,100

98

HGB

99

HGB

00

HGB

01

IAS

2,179 2,155 2,138

3,516

02

IAS

4,042

00

IAS

2,781

BMWGroup Deliveries of automobiles*

in thousand

1,100

1,000

900

800

700

600

500

400

*adjusted for Rover/Land Rover

98 99 00 01

699.4

751.3

822.2

905.7

02

1,057.3

Economic 1998 1999 2000 2000 2001 2002

HGB HGB HGB IAS IAS IAS

Revenues euro million 32,280 34,402 35,356 37,226 38,463 42,282

Capital expenditure euro million 2,179 2,155 2,138 2,781 3,516 4,042

Cash flow euro million 2,479 2,807 3,198 3,779 4,202 4,374

Profit from ordinary activities euro million 1,061 1,111 1,663 2,032 3,242 3,297

Net profit/loss for the year euro million 462 -2,4871] 1,026 1,209 1,866 2,020

Vehicle production

BMW units 706,426 755,547 834,519 904,335 930,221

MINI units - - - 42,395 160,037

Automobiles, total2] units 1,204,000 1,147,420 1,026,755 946,730 1,090,258

Motorcycles3] units 60,152 69,157 93,608 100,213 97,553

Deliveries to customers

BMW units 699,378 751,272 822,181 880,677 913,225

MINI units - - - 24,980 144,119

Automobiles, total2] units 1,187,115 1,180,429 1,011,874 905,657 1,057,344

Motorcycles3] units 60,308 65,168 81,263 95,327 103,020

1] net profit of euro 663 million before extraordinary result 2] includes Rover Cars from 18 March 1994 to 9 May 2000 and Land Rover from 18 March 1994 to 30 June 2000

3] includes BMW F 650 assembly at Aprilia S.p.A. until 1999, and C1 production at Bertone since 2000 4] includes C1 deliveries since 2000

Social 1998 1999 2000 2001 2002

Workforce at end of year1] 118,489 114,952 93,624 97,275 101,395

in Germany 67,661 68,848 68,905 72,863 76,143

outside Germany 50,828 46,104 24,719 24,412 25,252

BMW Group employees according to segment

Automobiles2] 111,485 107,607 81,913 89,292 93,216

Motorcycles 2,039 2,191 2,397 2,699 2,847

Financial