DGAP-News: Sixt Leasing SE: AGM resolves on dividend increase and share-based compensation system

• Widespread approval: Large majority of shareholders accepts all of the proposals put on the agenda by Managing Board and Supervisory Board
• Dividend increased by 20 percent over previous year: Pay-out of EUR 0.48 per share for fiscal year 2016
• Share-based compensation: Introduction of a long-term compensation system for management
• Positive outlook confirmed: Digitalisation drives profitable growth

Pullach, 30 June 2017 - Sixt Leasing SE, market-leader in online sales of new vehicles and specialist in management and full-service leasing of large fleets, held a successful Annual General Meeting yesterday in Munich. Over 100 shareholders attended, collectively representing approximately 77 percent of the share capital. The shareholders accepted all of the proposals put forward by the Supervisory Board and Managing Board with a large majority. Included on the agenda were the appropriation of retained profits, the discharge of Managing and Supervisory Board members for the 2016 financial year, the election of the auditor for the 2017 financial year and the 2017 stock option plan for the Managing Board and managers.

Significant dividend increase resolved
The shareholders' meeting approved the proposed dividend of EUR 0.48 per share for the fiscal year 2016. This places the dividend 20 percent above the level of last year. In order to allow shareholders to participate even more in the company's sustained, dynamic and profitable growth via their dividends, the Managing Board raised the target pay-out ratio from 30 to 40 percent to 30 to 60 percent of consolidated profit, beginning with the 2017 financial year.

New, share-based compensation model
Shareholders also passed a stock option programme. This is linked to ambitious targets and envisages that members of the Managing Board and selected managers will receive share options which can be converted to shares after four years. Options can be serviced in cash or in treasury shares, in conjunction with two share price thresholds. If the share price rises by 30 percent, then 60 percent of options may be exercised; if it rises by 50 percent, all options may be exercised.

The stock option plan is a core aspect of developing the compensation model at Sixt Leasing SE. Besides the targets that need to be met before exercising options, the issuing of options is linked to Managing Board members' and managers' own investments. This new, share-based compensation model specifically rewards growth at Sixt Leasing, creates powerful performance incentives and encourages long-term loyalty to the company among management.

Online business as foremost growth driver
In his speech entitled "Digitalisation drives profitable growth", Rudolf Rizzolli, CEO of Sixt Leasing SE, presented the company's current strategy. This envisages Online Retail becoming the largest business field in the mid-term on account of its dynamic growth. In Fleet Leasing, which is still the largest business field for now, the company intends to offer more IT solutions as well as online and mobile services. Digitalisation will also play an important role in the future of the fleet management business, where the online-based Sixt Global Reporting Tool which is already in use will provide customers with potential savings and promote growth.

Rudolf Rizzolli, CEO at Sixt Leasing SE: "We would like to thank all of our shareholders for your trust. Their broad approval of the proposals gives us a powerful momentum. Our vision is to become a kind of Amazon for cars. To achieve this long-term aim, we hope to revolutionise the way in which new vehicles are sold and used. That is why we are developing new products, sales channels and services which benefit especially from the megatrends sharing economy, mobility, digitalisation and e-commerce."

The Managing Board expects further growth of earnings before tax (EBT) in a high single percentage range for the 2017 financial year, on account of sustained dynamic growth, as well as a slight increase in operating revenue.

Full details of the 2017 Annual General Meeting and its voting results are available on the website http://ir.sixt-leasing.de/hv.

About Sixt Leasing:
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles and specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platform sixt-neuwagen.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2016 the Group generated consolidated revenues of EUR 714 million.

www.sixt-leasing.de

Contact:
Sixt Leasing SE
Corporate Communications
Stefan Kraus
+49 89 74444 - 4518
[email protected]