DGAP-Adhoc: Sixt SE: Sixt SE plans IPO of Sixt Leasing AG

Sixt SE / Key word(s): IPO 14.04.2015 07:30 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Sixt SE plans IPO of Sixt Leasing AG Pullach, 14 April 2015 - Sixt Leasing AG, a 100% subsidiary of the international mobility service provider Sixt SE, intends to go public in 2015 ("IPO" or "Offer"). This has been resolved today by the management boards of Sixt SE and Sixt Leasing AG. Sixt Leasing AG comprises all of Sixt Group's activities in the fleet leasing, fleet management and online retail leasing businesses. As part of the IPO, Sixt Leasing AG plans to admit its shares to trading on the regulated market of the Frankfurt Stock Exchange (Prime Standard). It is envisaged to offer new shares in Sixt Leasing AG from a cash capital increase in order to raise new equity in the amount of at least EUR 100 million, in addition to a capital injection by Sixt SE of at least EUR 30 million prior to the IPO, which will result in a total equity injection of at least EUR 130 million. Furthermore, Sixt SE plans to sell existing shares from its holdings in Sixt Leasing AG and to provide additional secondary shares for a potential overallotment ("Greenshoe") in the amount of up to 15% of the base deal. Sixt SE intends to reduce its participation to below 50% through the IPO but to retain a major interest in Sixt Leasing AG after its IPO of at least 40%. With the IPO, Sixt Leasing AG intends to significantly strengthen its capital base resulting in financial leeway for continued growth and a further increase in profitability. Over the last years, Sixt Leasing Group has grown strongly while significantly increasing its profitability. Between 2012 and 2014 the compound annual growth rate (CAGR) of the contract portfolio was +25.1%. As at 31 December 2014, the Company held a total of approximately 97.4 thousand leasing and fleet management contracts. Total revenue for 2014 amounted to EUR 575.0 million. Operating revenue (excluding revenue from the sale of used vehicles) for the last year was EUR 427.9 million. Earnings before taxes (EBT) increased on average by approximately 25% per year between 2012 and 2014. EBT for 2014 rose from EUR 20.7 million (2013) to EUR 25.6 million. The EBT margin (in relation to operating revenue) in 2014 was 6.0%. All financial information refers to the audited combined IFRS annual financial statements of Sixt Leasing AG for the fiscal years 2012, 2013 and 2014. Berenberg and COMMERZBANK are acting as Joint Global Coordinators and together with Baader Bank as Joint Bookrunners. Contact: Sixt SE Frank Elsner Sixt Central Press Office Tel.: +49 - 89 - 99 24 96 30 Fax: +49 - 89 - 99 24 96 32 Mail: pressrelations@sixt.com Forward-Looking Statements: This release may contain forward-looking statements based on current assumptions and forecasts made by Sixt Leasing Group. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Sixt SE's public reports which are available on the Sixt SE website at www.sixt.de. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Disclaimer: These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the "Shares") of Sixt Leasing AG (the "Company") in the United States, Germany or any other jurisdiction. The Shares of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares of the Company have not been, and will not be, registered under the Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in, and in reliance on, Rule 144A under the Securities Act. In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of Sixt Leasing AG should only be made on the basis of the securities prospectus. The securities prospectus will be published promptly upon approval by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will be available free of charge from Sixt Leasing AG, Zugspitzstraße 1, 82049 Pullach, Germany, or on the Sixt Leasing AG website. 14.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Sixt SE Zugspitzstraße 1 82049 Pullach Germany Phone: +49 (0)89 74444-5104 Fax: +49 (0)89 74444-85104 E-mail: investorrelations@sixt.com Internet: http://se.sixt.de ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A1E8V89 Sixt-Anleihe 2010/2016, DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9 Sixt-Anleihe 2014/2020 WKN: 723132 Indices: SDAX Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------