BMW Group Investor Presentation
TIGHT MANAGEMENT OF CAPITAL EXPENDITURE TO ACHIEVE TARGET RATIO.
BMW Group Capital Expenditure.*
[in m €]
5.2
5.6
4.7
4.0
3.8
5.4
Capex Ratio.**
[in %]
We expect the capex ratio for FY-2021 to be at least on the level of the FY-
2020.
6.5
5.7
4.2
4.0
5.4
5.2
4.8
5,650
4,967
5,029
4,601
4,688
4,151
3,826
3,731
2,933
2,980
2,720
2,383
2,312
2007
2008
2009**
2010
2011**
2012
2013*
***
2014
2015
2016
Long-term target
ratio: <5%.
4.0
3,922
2017
2018
2019*
****
2020
2013 figures have been adjusted in
Capital Expenditure: additions to property, plant and equipment and other intangible assets (definition has been changed in 2016). ** Capital expenditure ratio: Capital expenditure divided by Group revenues.
accordance with IAS 8. **** Capital expenditure - mainly for property, plant and equipment - rose to 5.65 billion euros in 2019. This reflects the recognition of right-of-use assets in the balance sheet for the first time, according to IFRS 16.
BMW Group Investor Presentation | December 2021
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