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CAPITAL EXPENDITURE.<br />

6,000<br />

5,000<br />

4,000<br />

3,000<br />

2,000<br />

1,000<br />

0<br />

in euro million<br />

3,993<br />

8.6%<br />

1,396<br />

5.2%<br />

8.8%<br />

1,536 1,333 1,224<br />

7.6%<br />

7.9% 6.8%<br />

5.4%<br />

4.8%<br />

5.4%<br />

2,597 2,777 2,934 2,980 2,384 2,312 2,720 4,151<br />

2005 2006 2007 2008 2009 2010 2011 2012<br />

<strong>BMW</strong> <strong>Group</strong> Investor Presentation, June 2013 Page 115<br />

1,087<br />

4.6%<br />

951<br />

5.4%<br />

3.7%<br />

Capital expenditure in property, plant, equipment and intangible assets Capitalized development costs<br />

Capital expenditure ratio* Capex into PPE ratio*<br />

* based on <strong>Group</strong> revenues<br />

4,313<br />

4,267<br />

4,204 3,471<br />

3,263<br />

3,692<br />

972<br />

5.4%<br />

3.8%<br />

5,240<br />

1,089<br />

6.8%<br />

5.2%<br />

12%<br />

10%<br />

8%<br />

6%<br />

4%<br />

2%<br />

0%

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