Ad-hoc 14 Apr 2015

Sixt SE: Sixt SE plans IPO of Sixt Leasing AG

Sixt SE  / Key word(s): IPO14.04.2015 07:30Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION INWHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Sixt SE plans IPO of Sixt Leasing AGPullach, 14 April 2015 - Sixt Leasing AG, a 100% subsidiary of theinternational mobility service provider Sixt SE, intends to go public in2015 ("IPO" or "Offer"). This has been resolved today by the managementboards of Sixt SE and Sixt Leasing AG. Sixt Leasing AG comprises all ofSixt Group's activities in the fleet leasing, fleet management and onlineretail leasing businesses.As part of the IPO, Sixt Leasing AG plans to admit its shares to trading onthe regulated market of the Frankfurt Stock Exchange (Prime Standard). Itis envisaged to offer new shares in Sixt Leasing AG from a cash capitalincrease in order to raise new equity in the amount of at least EUR 100million, in addition to a capital injection by Sixt SE of at least EUR 30million prior to the IPO, which will result in a total equity injection ofat least EUR 130 million. Furthermore, Sixt SE plans to sell existingshares from its holdings in Sixt Leasing AG and to provide additionalsecondary shares for a potential overallotment ("Greenshoe") in the amountof up to 15% of the base deal. Sixt SE intends to reduce its participationto below 50% through the IPO but to retain a major interest in Sixt LeasingAG after its IPO of at least 40%.With the IPO, Sixt Leasing AG intends to significantly strengthen itscapital base resulting in financial leeway for continued growth and afurther increase in profitability.Over the last years, Sixt Leasing Group has grown strongly whilesignificantly increasing its profitability. Between 2012 and 2014 thecompound annual growth rate (CAGR) of the contract portfolio was +25.1%. Asat 31 December 2014, the Company held a total of approximately 97.4thousand leasing and fleet management contracts. Total revenue for 2014amounted to EUR 575.0 million. Operating revenue (excluding revenue fromthe sale of used vehicles) for the last year was EUR 427.9 million.Earnings before taxes (EBT) increased on average by approximately 25% peryear between 2012 and 2014. EBT for 2014 rose from EUR 20.7 million (2013)to EUR 25.6 million. The EBT margin (in relation to operating revenue) in2014 was 6.0%. All financial information refers to the audited combinedIFRS annual financial statements of Sixt Leasing AG for the fiscal years2012, 2013 and 2014.Berenberg and COMMERZBANK are acting as Joint Global Coordinators andtogether with Baader Bank as Joint Bookrunners.Contact:Sixt SEFrank Elsner Sixt Central Press OfficeTel.: +49 - 89 - 99 24 96 30Fax: +49 - 89 - 99 24 96 32Mail: Forward-Looking Statements:This release may contain forward-looking statements based on currentassumptions and forecasts made by Sixt Leasing Group. Various known andunknown risks, uncertainties and other factors could lead to materialdifferences between the actual future results, financial situation,development or performance of the company and the estimates given here.These factors include those discussed in Sixt SE's public reports which areavailable on the Sixt SE website at The company assumes noliability whatsoever to update these forward-looking statements or toconform them to future events or developments.Disclaimer:These materials may not be published, distributed or transmitted in theUnited States, Canada, Australia or Japan.  These materials do notconstitute an offer of securities for sale or a solicitation of an offer topurchase securities (the "Shares") of Sixt Leasing AG (the "Company") inthe United States, Germany or any other jurisdiction. The Shares of theCompany may not be offered or sold in the United States absent registrationor an exemption from registration under the U.S. Securities Act of 1933, asamended (the "Securities Act"). The Shares of the Company have not been,and will not be, registered under the Securities Act. Any sale in theUnited States of the securities mentioned in this communication will bemade solely to "qualified institutional buyers" as defined in, and inreliance on, Rule 144A under the Securities Act.In the United Kingdom, this document is only being distributed to and isonly directed at persons who (i) are investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) arepersons falling within Article 49(2)(a) to (d) of the Order (high net worthcompanies, unincorporated associations, etc.) (all such persons togetherbeing referred to as "Relevant Persons"). This document is directed only atRelevant Persons and must not be acted on or relied on by persons who arenot Relevant Persons. Any investment or investment activity to which thisdocument relates is available only to Relevant Persons and will be engagedin only with Relevant Persons.This publication constitutes neither an offer to sell nor a solicitation tobuy securities. The offer will be made solely by means of, and on the basisof, a securities prospectus which is to be published. An investmentdecision regarding the publicly offered securities of Sixt Leasing AGshould only be made on the basis of the securities prospectus.  Thesecurities prospectus will be published promptly upon approval by theBundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will beavailable free of charge from Sixt Leasing AG, Zugspitzstraße 1, 82049Pullach, Germany, or on the Sixt Leasing AG website.14.04.2015 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at and Language:     EnglishCompany:      Sixt SE              Zugspitzstraße 1              82049 Pullach              GermanyPhone:        +49 (0)89 74444-5104Fax:          +49 (0)89 74444-85104E-mail:       investorrelations@sixt.comInternet:     http://se.sixt.deISIN:         DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt              Namensaktien, DE000A1E8V89 Sixt-Anleihe 2010/2016,              DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9              Sixt-Anleihe 2014/2020WKN:          723132Indices:      SDAXListed:       Regulated Market in Frankfurt, Munich; Regulated Unofficial              Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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