BMW 2009 Annual Report Download - page 45

43 Group Management Report
BMW stock
2009 2008 2007 2006 2005
Common stock
Number of shares in 1,000 601,995 601,995 601,995 601,995 622,228
Shares bought back at the reporting date – – – – 13,488
Stock exchange price in euro1
Year-end closing price 31.80 21.61 42.35 43.51 37.05
High 35.94 42.73 50.73 46.47 39.97
Low 17.61 17.04 39.81 35.52 32.04
Preferred stock
Number of shares in 1,000 52,665 52,196 52,196 52,196 52,196
Shares bought back at the reporting date – 363 – – –
Stock exchange price in euro1
Year-end closing price 23.00 13.86 36.30 43.52 33.00
High 24.79 36.51 47.52 45.91 33.98
Low 11.05 13.00 33.64 31.80 24.48
Key data per share in euro
Dividend
Common stock 0.302 0.30 1.06 0.70 0.64
Preferred stock 0.322 0.32 1.08 0.72 0.66
Earnings per share of common stock3 0.31 0.49 4.78 4.38 3.33
Earnings per share of preferred stock4 0.33 0.51 4.80 4.40 3.35
Cash flow5 7.53 6.84 9.70 8.21 9.17
Equity 30.42 30.99 33.24 29.24 25.17
1 Xetra closing prices
2 proposed by management
3 annual average weighted amount
4 stock weighted according to dividend entitlements
5 calculated on the basis of operating cash flow: up to 2006 as cash inflow from operating activities of Industrial Operations and from 2007 as cash inflow from operating activities
of the Automobiles segment
crisis at the start of 2009. After considerable upheavals,
however, the market recovered during the first half of 2009
and remained stable throughout the remainder of the year.
The BMW Group was again active on the markets in 2009
as an issuer of bonds, notes and ABS instruments in order
to refinance its financial services activities.
During 2009 the BMW Group successfully issued three
euro benchmark bonds and increased the volume of two
existing euro benchmark bonds, raising in total more than
euro 5 billion on European capital markets. The BMW Group
also issued bonds denominated in US dollars, British
pounds and Australian dollars with a total volume of approxi-
mately
euro 760 million. Private placements in various
currencies raised a total of euro 3.8 billion.
Despite the difficult environment for capital market activi-
ties, we were once again able to demonstrate our ability to
obtain funds by issuing ABS instruments. Amounts se-
curitised
included US dollar 2.55 billion in the USA, yen
25 billion in Japan and Australian dollar 350 million in
Australia. ABS instruments for Canadian dollar 400 million
and South African rand 800 million were also successfully
placed.
As in previous years, issues were highly sought after both
by institutional and private investors, thanks to our good
creditworthiness and continuous communication with the
capital markets.
Capital markets acknowledge sustainability
as value driver
We continued to communicate intensively with the capital
markets on the subject of Socially Responsible Investment
(SRI). The exchange of ideas with sustainability investors
and analysts was continued successfully in discussions