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Revenues - Deutsche Bahn AG

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DB Group<br />

Progress since start of German Rail Reform<br />

EBITDA before compensation payments<br />

(€ million)<br />

2003 vs. 2002: € +1.1 bn<br />

since 1994: € +5.1 bn<br />

Gross capital expenditures (€ million)<br />

35<br />

427<br />

1,264<br />

1,433<br />

- 445<br />

- 910<br />

-1,520<br />

-2,014<br />

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003<br />

2003 vs. 2002: -8.7%<br />

7,128<br />

7,329<br />

7,771<br />

7,136<br />

7,660<br />

8,372<br />

6,892<br />

7,110<br />

2,021<br />

9,994<br />

3,092<br />

9,121<br />

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003<br />

<strong>Deutsche</strong> <strong>Bahn</strong> Group Road Show Europe 2004<br />

Productivity - rail (thousand ptkm per employee)<br />

2003 vs. 2002: +3.5%<br />

since 1993: +163%<br />

328<br />

413 468 533 603 656 699<br />

Transport<br />

and Logistics<br />

4%<br />

Passenger<br />

Transport<br />

19%<br />

Passenger<br />

Stations<br />

5%<br />

Other<br />

9%<br />

798<br />

840 833 862<br />

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003<br />

Capital expenditure structure 1994 - 2003 (%)<br />

since 1994:<br />

approx. € 79 bn<br />

Track<br />

Infrastructure<br />

63%<br />

5

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