BMW Group Investor Presentation
TIGHT MANAGEMENT OF CAPITAL
EXPENDITURE TO ACHIEVE TARGET RATIO.
BMW Group Capital Expenditure.* Capex Ratio.**
[in m€]
5.7
5.6
5.2
4.7
4.0
3.8
[in %]
6.5
5.7
5.4.
4.2--4.0
5.2
4.8
5,650
4,967
5,029
4,601
4,688
4,151
3,826 3,731
2,777
2,933
2,980
2,720
2,383 2,312
2006
2007
2008
2009** 2010
2011**
2012 2013***
2014
2015
2016
2017
2018
2019****
BMW Group Investor Presentation, August 2020
* 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.
*** 2013 figures have been adjusted in accordance with IAS 8.
Long-term target
ratio: <5%.
****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.
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