DZ Bank Roadshow (Munich) - Deutsche Post DHL
DZ Bank Roadshow (Munich) - Deutsche Post DHL
DZ Bank Roadshow (Munich) - Deutsche Post DHL
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Finance Policy revisited<br />
Target / maintain rating BBB+<br />
1) €0,60/ €0,65/ €0,70 per share for the years 2009, 2010, 2011<br />
Investor Relations, <strong>DZ</strong> <strong>Bank</strong> <strong>Roadshow</strong>, <strong>Munich</strong> - May 30, 2012<br />
External cash usage<br />
• Dividend payout ratio to remain between 40–60% of<br />
net profit (continuity and Cash Flow position<br />
considered)<br />
- € 2.4bn1) paid out since January 2010 with dividend<br />
CAGR of 8%<br />
• Excess liquidity will be used for<br />
– Stepwise pension funding<br />
– Share buybacks and/or extraordinary dividends<br />
<strong>Deutsche</strong> <strong>Post</strong> <strong>DHL</strong> | Page<br />
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