DGAP-News: Sixt Leasing SE: Annual General Meeting approves dividend of EUR 0.90 for 2019 financial year

Sixt Leasing SE: Annual General Meeting approves dividend of EUR 0.90 for 2019 financial year

• Virtual Annual General Meeting adopts all proposals of the Managing Board and Supervisory Board on the agenda by a large majority
• Managing Board explains growth opportunities, particularly in the context of the strategic partnership with the new major shareholder

Pullach, 24 June 2020 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, held a successful virtual Annual General Meeting yesterday in Pullach. Approximately 53 per cent of the share capital was represented altogether. The shareholders adopted all the proposals from the Supervisory Board and the Managing Board by a large majority. The items on the agenda included, among other things, the appropriation of distributable profits and the supplementary election of the Supervisory Board.

Attractive dividend resolved

The shareholders approved the proposal to distribute a significantly increased dividend of EUR 0.90 per share for the 2019 financial year (previous year: EUR 0.48). Based on the year-end price for 2019, this corresponds to a dividend yield of around 8 per cent (previous year: 4.2 per cent).

The dividend is thus in line with shareholders' expectations in connection with the sale of Sixt SE's stake in the company and the accompanying voluntary public takeover offer by Hyundai Capital Bank Europe GmbH (HCBE).

Supplementary election to the Supervisory Board

The shareholders also approved the proposal to elect Dr. Julian zu Putlitz, member of the Management and Chief Financial Officer of IFCO MANAGEMENT GmbH based in Pullach, as a member of the Supervisory Board of Sixt Leasing SE to succeed Dr. Bernd Metzner. The election was effective as of the end of this year's Annual General Meeting and for the remaining term of office of the retired Supervisory Board member. Dr. Metzner had resigned his office as a member of the Company's Supervisory Board with effect from 18 July 2019.

Future growth plans

Under the title "New Growth Opportunities", Michael Ruhl, CEO of Sixt Leasing SE, explained the Company's future prospects to the shareholders, especially with regard to the partnership with the new major shareholder HCBE. Accordingly, the future alliance will enable Sixt Leasing to successfully continue its current growth strategy and to exploit further growth potential. In the 2020 financial year, the focus will be on the further expansion of digitalisation and the internationalisation of the business model.

In addition, the CEO addressed the effects of the current COVID-19 situation on the business development of Sixt Leasing. The Managing Board expects that the second quarter will be the quarter most affected by the effects of the COVID-19 pandemic, particularly in terms of earnings, throughout the 2020 financial year. Furthermore, the burden on earnings from transaction-related costs will also increase. However, the easing of the COVID-19 regulations adopted in recent weeks makes the Managing Board confident that the business development will recover in the second half of 2020 as it expects.

Michael Ruhl, CEO of Sixt Leasing SE: "As part of our growth strategy, we will, among other things, expand our range of products and services with further innovative digital offerings and drive forward the internationalisation of the organisation. Together with the support of our new major shareholder HCBE, we are thus ideally placed to become the leading provider of longer-term auto-mobility in Europe."

All the information about the 2020 Annual General Meeting and the voting results are available on the website http://ir.sixt-leasing.com/agm.

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as 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 platforms sixt-neuwagen.de and autohaus24.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 (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com

Contact:

Sixt Leasing SE

Investor Relations

+49 89 74444 4518
[email protected]