d'ieteren auto

STRUCTURE
OF THE GROUP
AS AT 31 DECEMBER 2006
s.a. D’IETEREN n.v.
59.6% * 73.7%
D’IETEREN AUTO
AVIS EUROPE plc
BELRON s.a.
40.4%
LONDON STOCK
EXCHANGE
6.3%
MINORITY
SHAREHOLDERS
20.0%
COBEPA
* Direct and indirect interest through D’Ieteren Invest s.a.
KEY FIGURES
AUTOMOBILE DISTRIBUTION - D’IETEREN AUTO
(IN EUR MILLION) IFRS BELGIAN GAAP
2006 2005 2004 2004 2003 2002
New vehicles delivered
(in units)
112,944 103,239 99,587 99,587 89,968 95,900
External sales 2,491.4 2,227.2 2,088.6 2,158.3 1,860.1 1,877.6
Current operating result 1,2 81.9 56.1 64.1 60.7 50.9 52.8
Current result, group’s share
before tax 1,2 59.5 36.1 48.7 - - -
after tax 1,2,4 57.0 35.2 39.3 43.9 36.9 35.6
Average workforce 1,571 1,505 1,493 1,493 1,498 1,531
EXTERNAL SALES BY ACTIVITY
(IN EUR MILLION)
% CHANGE
Automobile distribution + 11.9 %
Car rental + 4.7 %
Vehicle glass + 20.2 %
Total + 12.1 %
28.3%
25.0%
46.7%
CAR RENTAL - AVIS EUROPE plc
(IN EUR MILLION) IFRS BELGIAN GAAP
2006 2005 2004 2004 2003 2002
External sales 1,336.3 1,276.4 1,252.8 1,176.9 1,169.4 1,189.2
Current operating result 1 105.9 100.4 114.2 115.4 122.8 186.5
Current result, group’s share
before tax 1 23.1 22.7 31.1 - - -
after tax 1,5 16.7 16.6 23.3 24.3 27.1 54.6
Average workforce 6,276 6,253 6,166 6,166 6,104 5,840
CURRENT OPERATING RESULT 1
BY ACTIVITY (IN EUR MILLION)
% CHANGE
Automobile distribution 2 + 46.0 %
Car rental + 5.5 %
Vehicle glass 3 + 20.9 %
Total + 20.3 %
39.0%
34.4%
26.6%
VEHICLE GLASS - BELRON s.a.
(IN EUR MILLION) IFRS BELGIAN GAAP
2006 2005 2004 2004 2003 2002
Total jobs (in million units) 6.1 6 5.3 6 4.9 6 4.8 7 4.7 7 4.1
External sales 1,507.3 1,253.7 1,118.4 1,120.3 1,061.1 981.4
Current operating result 1,3 119.9 99.2 96.1 95.6 82.9 74.6
Current result, group’s share
before tax 1 72.0 59.8 44.2 - - -
after tax 1,8 62.7 45.8 31.4 28.2 19.9 15.7
Average workforce 12,731 10,932 9,794 9,794 9,582 8,424
CURRENT RESULT BEFORE TAX 1 ,
GROUP’S SHARE, BY ACTIVITY
(IN EUR MILLION)
% CHANGE
Automobile distribution 2 + 64.8 %
Car rental + 1.8 %
Vehicle glass + 20.4 %
Total + 30.4 %
46.6%
14.9%
38.5%
1. Under IFRS: before unusual items and re-measurements.
2. The automobile distribution segment includes all costs related to the corporate activities, including (concerning current result),
finance costs resulting from the investment in the car rental and vehicle glass segments.
3. Including, from 2005 on, a charge associated with the new long-term incentive plan for management.
4. Under Belgian GAAP: after allocation to the vehicle glass segment of a net financial charge after tax associated with
D’Ieteren’s investment in this segment.
5. Under Belgian GAAP: before amortisation of consolidation differences.
6. Including Brazil.
7. Excluding Brazil.
8. Under Belgian GAAP: contribution of the Dicobel group to D’Ieteren’s current result after tax, before amortisation
of consolidation differences and after allocation to the vehicle glass segment of a net financial charge after tax
associated with D’Ieteren’s investment in this segment.