Three-Month Interim Report Fiscal Year 2012/2013

Transcription

1 Three-Month Interim Report Fiscal Year 2012/2013 October 1, 2012 to December 31, 2012

2 Contents. STOCK/INVESTOR RELATIONS Share Performance 4 Investor Relations 5 GROUP INTERIM MANAGEMENT REPORT Business Environment 6 Performance, Financial Position and Assets 6 Segment Reporting 9 Employees 9 Report on Major Related-Party Transactions 9 Report on Opportunities and Risks 9 Report on Expected Developments 10 GROUP interim financial STATEMENT Group Income Statement 11 Group Statement of Comprehensive Income 11 Group Balance Sheet 12 Group Cash Flow Statement 13 Changes in Group Equity 14 Selected Explanatory Notes 15 FURTHER INFORMATION Financial Calendar 18

3 2 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income Key Figures. Statement of Income ( millions) 1st quarter 1st quarter 2012/ / Change Net Sales % of which Banking % of which Retail % Gross profit % Gross profit as a percentage of net sales 21.2% 22.4% Research & development expenses % R&D expenses as a percentage of net sales 3.3% 3.6% Selling, general and administration expenses % SG&A expenses as a percentage of net sales 12.0% 12.2% Operating profit (EBITA) % EBITA as a percentage of net sales (EBITA margin) 6.0% 6.6% of which Banking % as a percentage of net sales Banking 7.4% 6.9% of which Retail % as a percentage of net sales Retail 3.2% 6.0% Amortization/depreciation of property, plant and equipment and licenses and write-down of reworkable service parts % EBITDA % EBITDA as a percentage of net sales (EBITDA margin) 8.1% 8.9% Profit for the period % Profit for the period as a percentage of net sales 4.0% 4.1% Cash flow ( millions) Cash flow from operating activities % Key Balance Sheet Figures ( millions) Dec. 31, 2012 Sept. 30, 2012 Change Working Capital as a percentage of net sales (annualized) 11.7% 14.4% Net debt Equity Human Resources Number of Employees 9,061 9, ) Oct. 1, 2012 Dec. 31, ) Oct. 1, 2011 Dec. 31, ) Including other operating income and expenses. 4) Net profit on operating activities before interest, taxes and amortization of goodwill. 5) Including non-controlling interests.

4 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 3 Strong Business Performance in First Quarter. Net sales: up 10% Operating profit (EBITA) after restructuring costs: unchanged year on year Profit for the period: up 8% Regional sales performance dominated by significant growth in emerging markets: Germany: down 1% Europe: up 8% Asia/Pacific/Africa: up 32% Americas: up 16% Significant rise in net sales from Hardware business (16%), complemented by growth in Software/ Services business (4%). Banking segment sees net sales expand by 15%, while Retail segment records 2% growth. Outlook for fiscal 2012/2013 unchanged: 2% growth in net sales; EBITA at 120 million, having taken into account 20 million in restructuring costs. Key Events. Wincor Nixdorf Expands Board of Directors. The Supervisory Board of Wincor Nixdorf AG appointed Jens Bohlen, currently responsible for the Company s IT Services business, to the Board of Directors, effective from January 1, Furthermore, the Supervisory Board announced its decision to appoint Olaf Heyden as an additional member of the Board of Directors. This appointment will take effect at a date yet to be determined by the Supervisory Board. At the same time Dr. Jürgen Wunram is appointed Deputy CEO & President. On joining Wincor Nixdorf, Olaf Heyden, who currently holds the position of Chief Executive Officer and Spokesperson of the Management Board at Freudenberg IT KG, will direct the Company s global IT Services business. In parallel, Jens Bohlen will assume responsibility for the global Banking business of Wincor Nixdorf. The Banking business is currently being directed on a temporary basis by Eckard Heidloff, alongside his duties as CEO & President. Wincor World 2012 Attracts Industry Experts from 100+ Countries. Thanks to the professional management and execution of the trade show, together with a new venue that was particularly well suited to the event, Wincor World 2012 was very well received by guests and thus proved an out-and-out success. Held in October 2012, the trade show for IT experts and managers from the banking and retail industries was hosted at A2 Forum in Rheda-Wiedenbrück for the first time. In excess of 7,000 visitors from more than 100 countries were given an insight into the latest IT solutions and services of Wincor Nixdorf and forty-six highly respected co-exhibitors with over 500 exhibits and 70 specialist presentations to choose from. Thus, Wincor Nixdorf succeeded in reaffirming its position as a pioneer in innovation. Top-level Performance Confirmed by Major IT Outsourcing Contract. In securing another major outsourcing contract spanning several years and worth more than 150 million in total, Wincor Nixdorf further cemented its position as an acknowledged specialist when it comes to managing complex IT projects. As a partner to one of Germany s leading banks, Wincor Nixdorf will assume key operational responsibility for the management of significant parts of the customer s IT infrastructure. In a second step, all central infrastructure components are to be managed by Wincor Nixdorf, which will also include the continuous improvement of technologies and IT processes deployed in this area.

5 4 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income Stock/Investor Relations. Share Performance. The performance of Wincor Nixdorf shares in the period under review was considerably better than that of the market as a whole. By contrast, however, the Company s stock had been significantly outperformed by the market during the previous fiscal year. As of December 28, 2012, Wincor Nixdorf shares recorded a gain of 16.1% for the reporting period as a whole, thus outpacing the overall market (+8.4%). Performance of Wincor Nixdorf Shares as from October 1, 2012 to December 31, 2012, compared to MDAX and MSCI World % 120% % 108.4% 110% % 100% 2012 October November December Wincor Nixdorf MDAX (Performance Index) MSCI World 90%

6 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 5 Share Price Data (Xetra). Opening price, October 1, High in the reporting period Low in the reporting period Closing price, December 28, Market capitalization, December 28, ) Calculated on the basis of shares outstanding. Investor Relations. 1,056m. At the end of the period under review, the Company was officially covered by 23 financial analysts, who issued comments and recommendations. These analysts are (in alphabetical order): Bank of America Merrill Lynch, Bankhaus Lampe, Berenberg Bank, Cheuvreux, Commerzbank, Deutsche Bank, DZ Bank, equinet Bank, Fairesearch, Goldman Sachs, Hauck & Aufhäuser, HSBC Trinkaus & Burkhardt, Independent Research, Kepler Capital Markets, LBBW, MainFirst, Metzler Equity Research, M. M. Warburg, National-Bank, Nord/LB, Silvia Quandt Research, UBS, Wedbush Morgan Securities. At the end of the fiscal year, the recommendations issued were as follows: 3 Sell Based on the announcements issued pursuant to Section 21 of the Securities Trading Act (Wertpapierhandelsgesetz WpHG), at the end of the reporting period the following entities held an interest in Wincor Nixdorf in excess of the disclosure threshold: More than 3%: AMUNDI S.A. Henderson Group plc/henderson Global Investors Limited/Henderson Global Investors (Holdings) Limited plc Polaris Capital Management, LLC William Blair & Company, LLC More than 5%: Artisan Partner Funds, Inc./Artisan Partners Limited Partnership/Artisan Investments GP LLC/Artisan Partners Holdings LP/Artisan Investment Corporation/ZCIF, Inc./ Mr. Andrew A. Ziegler/Ms. Carlene M. Ziegler DWS Investment GmbH During the quarter under review, the Board of Directors and Investor Relations team presented the Company at a number of investor conferences and roadshows in Germany, France, the United Kingdom, Canada, Switzerland, and Spain, in addition to meeting up with several institutional investors. On November 12, 2012, an analysts conference call was arranged for the announcement of Wincor Nixdorf s preliminary results for fiscal 2011/2012. Hold Buy

7 6 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income Wincor Nixdorf AG Group Interim Management Report for the Period from October 1, 2012 to December 31, BUSINESS ENVIRONMENT. Global Economy. The overall economic climate during the period under review was dominated on the one hand by continued solidity (IMF) in economic growth for the majority of the world s emerging and developing markets. On the other hand, however, the industrialized nations led by Europe and the United States in particular were faced with a slowdown in economic momentum. Both trends were in keeping with the forecasts issued by the International Monetary Fund (IMF) in October 2012 with regard to the future performance of the global economy. Developments in the Retail Banking and Retail Industries. The banking industry, particularly in Western and Southern Europe, continued to be faced with the uncertainties associated with the sovereign debt crisis in the eurozone. In the retail industry, meanwhile, the downturn in consumer sentiment in the eurozone in particular prompted a number of global players to continue to press ahead with restructuring measures already initiated within this sector. By contrast, both industries are benefiting from the forward economic momentum seen in the emerging countries. PERFORMANCE, FINANCIAL POSITION AND ASSETS. Performance. Net Sales. The Wincor Nixdorf Group saw net sales rise by 10% to 669 million in the first quarter of fiscal 2012/ 2013 (3 months 2011/2012 [referred to hereafter as previous year ]: 608 million). Expressed in U.S. dollars, net sales increased by a notional 9% in the period under review. Performance by Business Stream. In the first quarter of the fiscal year, the Group managed to lift net sales attributable to Hardware business by 16% year on year to 332 million (previous year: 285 million). Net sales generated through Software/Services business rose by 4% to 337 million (previous year: 323 million). The share of total net sales attributable to Hardware business rose to 50% in the period under review (previous year: 47%). Correspondingly, the proportion of total net sales from Software/Services fell to 50% (previous year: 53%). Regional Performance. In Germany, net sales for the first quarter of the fiscal year contracted slightly by 1% to 154 million (previous year: 156 million), thus accounting for 23% of the Group s total net sales in the reporting period (previous year: 26%). Fueled in particular by growth in the emerging European markets, net sales in Europe (excluding Germany) totaled 317 million in the first three months of the fiscal year (previous year: 294 million), which corresponds to year-on-year growth of 8%. Europe accounted for 47% (previous year: 48%) of the Group s total net sales, thus representing the largest contributor to consolidated revenue.

8 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 7 Asia/Pacific/Africa saw net sales rise by 32% to 120 million in the first three months of the current fiscal year (previous year: 91 million). Thus, the Asia/Pacific/Africa region contributed a share of 18% (previous year: 15%) to total net sales for the Group. In U.S. dollars, the Americas recorded a 13% increase in net sales during the reporting period. Translated into euros, net sales for this region rose by 16% to 78 million (previous year: 67 million). On this basis, the share of Group net sales attributable to business in the Americas rose to 12% (previous year: 11%). Costs. The gross margin on net sales in the first quarter of the fiscal year declined by 1.2 percentage points in the period under review, down from 22.4% in the previous year to 21.2% in the first three months of fiscal 2012/2013. At 22 million, research and development costs remained unchanged year on year. The R&D ratio stood at 3.3% (previous year: 3.6%). Selling, general, and administration expenses, including other operating income and expenses, increased by 8% or 6 million to 80 million in total (previous year: 74 million) during the reporting period. As a percentage of total net sales, the selling, general, and administration expense ratio fell by 0.2 percentage points to 12.0% (previous year: 12.2%). Reconciliation of Result from Business Operations (EBITDA). m 1st quarter 2012/2013 1st quarter 2011/2012 Profit for the period Income taxes Financial result (finance costs finance income) 2 4 EBITA Amortization/Depreciation of property rights, licenses and property, plant and equipment Write-down of reworkable service parts 1 1 EBITDA Profit. In the first quarter of the current fiscal year, operating profit (EBITA), after restructuring costs, totaled 40 million and thus remained unchanged year on year. The EBITA margin contracted by 0.6 percentage points to 6.0% (previous year: 6.6%). Profit for the first three months of fiscal 2012/2013 stood at 27 million (previous year: 25 million), which represents an increase of 8%. Financial Position. Cash flow. m 1st quarter 2012/2013 1st quarter 2011/2012 Cash flow from operating activities Cash flow from investment activities 6 8 Cash flow from financing activities 1 20 Change in liquidity Cash and cash equivalents at the end of the period Free Cash flow ) Include cash and cash equivalents as well as current bank borrowings. In the first quarter of fiscal 2012/2013, cash flow from operating activities totaled 78 million, 28% up on last year s first-quarter figure (previous year: 61 million). EBITDA, which is a major contributor to cash flow from operating activities, remained unchanged year on year at 54 million. The reduction in working capital resulted in a significant cash inflow of 25 million in total (previous year: 7 million). Together, the change in other assets and other liabilities as well as the change in accruals produced a cash inflow of 4 million (previous year: 9 million).

9 8 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income At 6 million, net cash used in investing activities was lower than in the same period a year ago (previous year: 8 million). The main focus of investing activities was on other fixed assets and office equipment as well as reworkable service parts. Net cash from financing activities totaled 1 million (previous year: 20 million). In the first quarter, the net amount of funds borrowed was 1 million (previous year: 21 million). At 71 million (previous year: 51 million), free cash flow (cash flow from operating activities less capital expenditure on intangible assets, property, plant, and equipment, and reworkable service parts) was up by a significant 20 million on the previous year s figure. As a result of the above-mentioned changes in cash flow, net debt fell to 126 million as of December 31, Assets. Assets m Dec. 31, 2012 Sept. 30, 2012 Non-current assets Current assets Total assets 1,420 1,404 Equity and Liabilities Equity (incl. non-controlling interests) Non-current liabilities Current liabilities Total equity and liabilities 1,420 1,404 Compared to September 30, 2012, total assets were up 16 million, or 1.1%, to 1,420 million. On the asset side, current assets rose by 22 million to 862 million (Sept. 30, 2012: 840 million). This was mainly due to the increase in cash and cash equivalents by 29 million to 67 million (Sept. 30, 2012: 38 million) as a result of incoming payments at the end of the 2012 calendar year. In total, equity increased by 27 million to 356 million (Sept. 30, 2012: 329 million), which was almost entirely attributable to profit of 27 million for the period (previous year: 25 million). Current liabilities totaled 810 million as of December 31, 2012 (Sept. 30, 2012: 822 million). Within current liabilities, trade payables rose by 13 million to 315 million (Sept. 30, 2012: 302 million), while income tax liabilities increased by 12 million to 44 million (Sept. 30, 2012: 32 million). Contrary to this development, financial liabilities fell by 44 million to 62 million (Sept. 30, 2012: 106 million).

10 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 9 SEGMENT REPORTING. Segment Performance. Net sales attributable to the Banking segment rose by 15% to 448 million in the first quarter (previous year: 391 million). EBITA for the Banking segment also expanded in the first three months of the fiscal year, up 22% or 6 million to 33 million (previous year: 27 million). Key Performance Indicators: Banking Segment. m 1st quarter 2012/2013 1st quarter 2011/2012 Change Net sales % EBITA % EBITA margin (%) Net sales generated in the Retail segment rose by 2% in the first three months of the fiscal year, reaching 221 million in total (previous year: 217 million). However, EBITA attributable to the Retail segment fell by 46% to 7 million in the period under review (previous year: 13 million). REPORT ON MAJOR RELATED-PARTY TRANSACTIONS. There were no significant transactions with related parties during the period under review. REPORT ON OPPORTUNITIES AND RISKS. In the period under review, there were no significant changes to the principal opportunities and risks described in the 2011/2012 Group management report that may have a material effect on the expected development of the Group in the remaining months of the current fiscal year. The other opportunities and risks described in the 2011/2012 Group management report with regard to the expected development of the Group up to the end of the reporting period continue to apply without any material changes. Key Performance Indicators: Retail Segment. m 1st quarter 2012/2013 1st quarter 2011/2012 Change Net sales % EBITA % EBITA margin (%) EMPLOYEES. From September 30 up to and including December 31, 2012, the headcount for the Group rose by 4 to 9,061 (Sept. 30, 2012: 9,057).

11 10 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income REPORT ON EXPECTED DEVELOPMENTS. Based on the last economic outlook and other bulletins issued by the IMF in the meantime, economic growth for 2013 projected to be relatively modest continues to be clouded by uncertainty. Despite a solid first quarter, the same applies to the performance of Wincor Nixdorf over the course of the current fiscal year, with no signs of a fundamental improvement in the market forces that influence our business. We anticipate that the situation in the key industrialized nations making up our core market, Europe, will remain particularly challenging. In the emerging countries, meanwhile, we expect further growth, thus reflecting the overall economic trend in this region. In view of these conditions, we are all the more determined to press ahead with the restructuring measures initiated by the Company in fiscal 2011/2012 and implement them accordingly. We believe that the Company is on the right track when it comes to strengthening its global competitiveness. Against this backdrop, we reaffirm our outlook for the fiscal year as a whole. It projects growth in net sales by 2%, with EBITA totaling 120 million; this figure takes into account charges of 20 million attributable to ongoing restructuring.

12 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 11 Wincor Nixdorf Aktiengesellschaft, Paderborn Group Income Statement for the Period from October 1, 2012 to December 31, k 1st quarter 1st quarter 2012/ / Net sales 669, ,854 Cost of sales 526, ,828 Gross profit 142, ,026 Research and development expenses 21,626 22,244 Selling, general and administration expenses 80,772 74,277 Other operating result Result from equity accounted investments Net profit on operating activities 40,136 40,117 Finance income Finance costs 2,322 4,348 Profit before income taxes 38,141 36,115 Income taxes 11,560 10,941 Profit for the period 26,581 25,174 Profit attributable to non-controlling interests Profit attributable to equity holders of Wincor Nixdorf AG 26,689 25,147 Shares for calculation of basic earnings per share (in thousands) 29,776 29,776 Shares for calculation of diluted earnings per share (in thousands) 29,776 29,776 Basic earnings per share ( ) Diluted earnings per share ( ) Profit attributable to equity holders of Wincor Nixdorf AG 26,689 25,147 Shares for calculation of basic profit attributable to equity holders of Wincor Nixdorf AG (managerial, in thousands) 29,776 29,776 Profit attributable to equity holders of Wincor Nixdorf AG per share (in ) Group Statement of Comprehensive Income for the Period from October 1, 2012 to December 31, k 1st quarter 1st quarter 2012/ / Profit for the period 26,581 25,174 Items that may be reclassified subsequently to profit or loss: Cash flow hedges 1,486 2,855 Exchange rate changes 2,228 4,868 Other comprehensive income (net of tax) 742 2,013 Total comprehensive income 25,839 27,187 Total comprehensive income attributable to: Non-controlling interests Equity holders of Wincor Nixdorf AG 25,947 27,167 1) October 1, 2012 December 31, ) October 1, 2011 December 31, 2011.

13 12 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income Wincor Nixdorf Aktiengesellschaft, Paderborn Group Balance Sheet as of December 31, Assets k Dec. 31, 2012 Sept. 30, 2012 Non-current assets Intangible assets 346, ,914 Property, plant and equipment 132, ,801 Investments accounted for using the equity method 5,978 5,812 Investments 1,304 1,268 Reworkable service parts 27,474 26,590 Trade receivables 11,325 8,860 Other assets 2,712 2,834 Deferred tax assets 30, ,297 30, ,451 Current assets Inventories 307, ,346 Trade receivables 428, ,983 Receivables from related companies Current income tax assets 11,031 9,591 Other assets 46,536 49,065 Investments Cash and cash equivalents 67, ,449 38, ,072 Total assets 1,419,746 1,403,523 Equity and Liabilities k Dec. 31, 2012 Sept. 30, 2012 Equity Subscribed capital of Wincor Nixdorf AG 33,085 33,085 Retained earnings 461, ,931 Treasury shares 175, ,823 Other components of equity 32,720 32,368 Equity attributable to equity holders of Wincor Nixdorf AG 351, ,561 Non-controlling interests 4, ,704 4, ,227 Non-current liabilities Accruals for pensions and similar commitments 63,066 62,972 Other accruals 30,192 31,471 Financial liabilities 131, ,563 Trade payables Other liabilities 7,279 6,760 Deferred tax liabilities 21, ,128 19, ,811 Current liabilities Other accruals 146, ,236 Financial liabilities 61, ,704 Advances received 35,630 27,147 Trade payables 315, ,123 Liabilities to related companies 3,085 5,544 Current income tax liabilities 44,266 31,981 Other liabilities 202, , , ,485 Total equity and liabilities 1,419,746 1,403,523

14 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 13 Wincor Nixdorf Aktiengesellschaft, Paderborn Group Cash Flow Statement for the Period from October 1, 2012 to December 31, k 1st quarter 1st quarter 2012/ / EBITA 40,136 40,117 Amortization/depreciation and impairment of property rights, licenses, and property, plant and equipment 12,457 13,064 Write-down of reworkable service parts 1,430 1,300 EBITDA 54,023 54,481 Interest received Interest paid 3,303 6,652 Income taxes paid 113 6,707 Result on disposal of intangible assets and property, plant and equipment Change in accruals 6,661 5,165 Other non-cash items 2,020 3,878 Change in working capital 24,913 6,765 Change in other assets and other liabilities 11,156 14,041 Cash flow from operating activities 78,372 60,882 Payments received from the disposal of property, plant and equipment 1,127 1,761 Payments received from the disposal of investments 1 1 Payments made for investment in intangible assets Payments made for investment in property, plant and equipment 5,055 8,620 Payments made for investment in reworkable service parts 1, Cash flow from investment activities 6,403 7,960 Payments received from financial loan draw-downs ,690 Payments made for repayment of financial loans ,495 Payments made to minority interest Other financing activities Cash flow from financing activities ,418 Net change in cash and cash equivalents 72,736 73,340 Change in cash and cash equivalents from exchange rate movements 6 17 Cash and cash equivalents at beginning of period 3 66,384 6,213 Cash and cash equivalents at end of period 3 6,358 79,570 1) October 1, 2012 December 31, ) October 1, 2011 December 31, ) Include cash and cash equivalents and current bank borrowings.

15 14 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income Wincor Nixdorf Aktiengesellschaft, Paderborn Changes in Group Equity. Subscribed capital Equity attributable to equity holders of Wincor Nixdorf AG Retained earnings Treasury shares Other components of equity Add. paid-in capital Translation of foreign operations Cash flow hedges Total Noncontrolling interests As of October 1, , , ,823 41,555 10,922 3, ,033 5, ,897 Total comprehensive income 0 26, ,089 2,855 27, ,187 Share options Other changes Distributions As of December 31, , , ,823 42,206 7,833 6, ,781 5, ,491 k Equity As of October 1, , , ,823 45,122 7,741 5, ,561 4, ,227 Total comprehensive income 0 26, ,902 1,486 25, ,839 Share options Distributions As of December 31, , , ,823 45,890 9,643 3, ,276 4, ,704

16 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 15 Selected Explanatory Notes. PRINCIPLES OF CONSOLIDATION, ACCOUNTING AND VALUATION. The condensed Group interim financial statements of Wincor Nixdorf Aktiengesellschaft (in the following Wincor Nixdorf AG ) have been prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the European Union. The consolidation, accounting and valuation principles applied to the condensed Group interim financial statements are generally based on the same consolidation, accounting and valuation principles used in the Group financial statements for fiscal 2011/2012. The applied principles of accounting and valuation are described in detail in the Notes to the Group financial statements as of September 30, From fiscal 2012/2013 the following amendment is applicable for the first time: Amendments to IAS 1 Presentation of Financial Statements: Presentation of Items of Other Comprehensive Income (to be applied for periods beginning on or after July 1, 2012) The first-time application of the amendment had no material effect on the condensed Group interim financial statements of Wincor Nixdorf AG as of December 31, CONSOLIDATION GROUP. The Group financial statements as of December 31, 2012, basically include those companies in which Wincor Nixdorf AG directly or indirectly has a majority of the voting rights (subsidiaries), or from which it is able to derive the greater part of the economic benefit and bears the greater part of the risk by virtue of its power to govern corporate financial and operating policies. Inclusion of such companies accounts in the Group financial statements begins at the moment of exercising control over the company, and ceases at expiration of control.

17 16 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income GROUP EQUITY. The Group equity and individual elements thereof are shown in detail in the Changes in Group Equity table. Treasury Shares. As of December 31, 2012, the total number of treasury shares held by the Company was 3,308,498. This equals 9.99% of the subscribed capital. The acquisition costs, including ancillary costs of acquisition to the amount of 113k, amounting to 175,823k were deducted in full from equity. Share-based Payment Program. The changes in the composition of share options are as follows: 1st quarter 2012/2013 1st quarter 2011/2012 Number Average exercise price Number Average exercise price As of October 1 1,840, ,164, Expired during the period 79, As of December 31 1,761, ,164, Exercisable as of December The share-based payment programs are described in detail in the Notes to the Group financial statements for fiscal 2011/2012. SEGMENT REPORT. For the purposes of presenting segment information, the activities of the Wincor Nixdorf Group are divided into operating segments in accordance with the rules contained in IFRS 8 Operating Segments. Internal reporting within the Group is conducted on the basis of the customer profiles Banking and Retail as well as on the regional basis; the areas Banking and Retail were defined as operating segments in accordance with IFRS As chief operating decision maker (CODM) within the meaning of IFRS 8, our Board of Directors assesses the performance of these two operating segments on the basis of corporate reporting and makes decisions about resources to be allocated. The performance of the operating segments is assessed in particular by referring to net sales to external customers as well as EBITA. Segment Report by Division. k Net sales to external customers Operating profit (EBITA) Result from equity accounted investments Investment in property rights, licenses and property, plant and equipment Investment in reworkable service parts Amortization/depreciation of property rights, licenses and property, plant and equipment Write-down of reworkable service parts Research & development expenses Banking Retail Group 448,559 (391,371) 32,638 (27,253) 218 (533) 4,758 (7,237) 1,275 (536) 10,642 (11,093) 1,115 (1,053) 15,314 (14,557) 220,650 (216,483) 7,498 (12,864) 0 (0) 937 (1,623) 360 (126) 1,815 (1,971) 315 (247) 6,312 (7,687) 669,209 (607,854) 40,136 (40,117) 218 (533) 5,695 (8,860) 1,635 (662) 12,457 (13,064) 1,430 (1,300) 21,626 (22,244) Comparative figures for 1st quarter 2011/2012 are shown in brackets for each item. The respective segment assets did not change considerably compared to September 30, 2012.

18 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 17 Reconciliation of Segment Profit to Profit for the Period. The Segment profit equates to the net result on operating activities of the Group Income Statement. Net Sales by Regions. 1st quarter 2012/2013 k 1st quarter 2011/2012 Europe 471, ,108 in % of total net sales included in Europe: Germany 154, ,688 in % of total net sales Asia/Pacific/Africa 120,075 90,851 in % of total net sales America 77,974 66,895 in % of total net sales Total 669, ,854 Events After the Reporting Period. The Supervisory Board of Wincor Nixdorf AG has appointed Jens Bohlen, currently responsible for the IT Services business, to the Board of Directors of the Company effective from January 1, Furthermore, the Supervisory Board has resolved to appoint Olaf Heyden as an additional member of the Board of Directors. This appointment will take effect at a date yet to be determined by the Supervisory Board. As a result, the Board of Directors of Wincor Nixdorf AG will in future comprise CEO & President Eckard Heidloff and CFO Dr. Jürgen Wunram as well as Jens Bohlen and Olaf Heyden. On joining Wincor Nixdorf, Olaf Heyden, who currently holds the position of Chief Executive Officer and Spokesperson of the Management Board at Freudenberg IT KG, will oversee the company s global IT Services business. At the same time, Jens Bohlen will assume responsibility for the global Banking business of Wincor Nixdorf.

19 18 Key Figures Key Events Stock/Investor Relations Group Interim Management Report Group Income Statement Statement of Comprehensive Income Further Information. FINANCIAL CALENDAR FISCAL 2012/2013.* April 24, 2013: Half-Year Interim Report, 2012/2013 July 25, 2013: Nine-Month Interim Report, 2012/2013 November 11, 2013: Preliminary results 2012/2013 * All dates are preliminary and may be subject to change. For further details about other Investor Relations events, please visit the website of Wincor Nixdorf AG at This annual report is available on the Internet in an HTML and PDF format, and can be accessed by visiting Investor Relations/Reports & Financial Data.

20 Group Balance Sheet Group Cash Flow Statement Changes in Equity Selected Explanatory Notes Further Information 19 This document contains forward-looking statements that are based on current estimates and assumptions made by the Board of Directors of Wincor Nixdorf AG to the best of its knowledge. Such forwardlooking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results, including the financial condition and profitability of Wincor Nixdorf, to differ materially from, or be more negative than, those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from thirdparty studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.

21 Wincor Nixdorf AG Corporate Communications Heinz-Nixdorf-Ring 1 D Paderborn Germany Phone +49 (0) Fax +49 (0) info@wincor-nixdorf.com Corporate Communications. Phone +49 (0) Fax +49 (0) andreas.bruck@wincor-nixdorf.com Investor Relations. Phone +49 (0) Fax +49 (0) investor-relations@wincor-nixdorf.com Order No. R40684-J-Z Printed in Germany climate neutral print product CO2 emissions from this product have been offset with emission reduction certificates. Certificate Number: