Investor Presentaiton
Core net income
In CHF millions
2015
2014
Net income reported
75.0
278.1
Metco divestiture
-435.7
Impairment on tangible and intangible assets
13.0
340.4
Amortization
42.3
43.3
Restructuring expenses
41.2
11.2
Other non-operational items
36.7
-23.0
Tax impact
-33.2
-8.9
Core net income
175.0
205.4
Minorities
-1.1
-3.1
Core net income to shareholders
173.9
202.3
Average number of shares outstanding (m)
34.036
34.007
Core EPS
5.11
5.95
Dividend development
Ordinary dividend per share (Ihs)
Special dividend per share (Ihs)
Payout ratio of ordinary dividend (rhs)1
Dividend (CHF)
20
15
10
SULZER
33
Bond Investor Presentation
Dividend
SULZER
Payout ratio (%)
100
18.10
69%
14.60
50
5
3.00
3.00
3.20
3.20
3.50
3.50
0
2010
2011
2012
2013
2014
2015
Dividend
yield²
2.1%
3.0%
2.2%
2.2%
3.3%
3.7%
1.
Based on DPS / reported EPS (core EPS for 2015)
2.
Dividend yield ordinary dividend per share / share price on Dec 31.
34
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