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Stories from Schaeffler: Company & Corporate Responsibility

"WE SHARE OUR SUCCESS"

Schaeffler AG has successfully completed its initial public offering (IPO). The bell at the Frankfurt Stock Exchange rang on October 9, 2015. The first trade rate was set at 13.50 euros per share.

Facts about the Initial Public Offering

Share WKN SHA015

With the IPO, Schaeffler AG has sustainably improved its financial strength and has paved the way for continuing the profitable course of growth that the Schaeffler Group has been on for many years. Schaeffler AG aims to pay a dividend of 25 to 35 percent of the annual net income to shareholders, starting with the fiscal year 2015.

  • Placement of 75 million non-voting common shares – 66 million shares from a capital increase of Schaeffler AG and 9 million shares by Schaeffler Verwaltungs GmbH
  • The non-voting common shares of Schaeffler AG are listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange
  • Proceeds of 938 million Euro will be used to reduce debt
  • Free Float of 11 percent of share capital

October 9, 2015

First Day of Trading

Despite the challenging capital market environment, the Schaeffler share has met with great interest from investors. With the IPO, the Schaeffler Group completes the restructuring and refinancing process that was started in 2009. Schaeffler is active on the capital market with various bonds and loans since the beginning of 2012. The IPO is the final step in the longterm realignment of the Schaeffler Group’s corporate and capital structure.

The Schaeffler shares traded on the stock exchange are non-voting common shares with preferred dividend payments. Investors participate in the share price performance and in the dividends paid out. The Schaeffler family will still possess all the voting rights.

Share price performance of Schaeffler shares

Opinions about the IPO

The Shareholders and the CEO Talk About the IPO

Maria-Elisabeth Schaeffler-Thumann

"The Schaeffler Group will remain a family business in the future. As shareholders we will take responsibility to further successfully develop our company in the interest of our customers, our suppliers, and our many employees."

Maria-Elisabeth Schaeffler-Thumann (Shareholder and Deputy Chairperson of the Supervisory Board of Schaeffler AG)

Georg F. W. Schaeffler

"The listing of non-voting common shares of Schaeffler AG is a milestone in the history of our company. With the successful completion of the transaction, we have put in place the two-pillar model, which we have consistently worked on for several years, with a strategically focused holding company at the top."

Georg F. W. Schaeffler (Shareholder and Chairman of the Supervisory Board of Schaeffler AG)

Klaus Rosenfeld

"The listing of Schaeffler AG is a strategic step to further reduce our indebtedness and to improve the capital structure. We thus obtain further financial flexibility to seize additional growth opportunities."

Klaus Rosenfeld (CEO Schaeffler AG)

Key Facts Schaeffler AG

Revenues, EBIT & Group Earnings

Key figures Schaeffler AG 2014 (in million EUR)

Revenues12,124
Thereof Automotive division8,983
Thereof Industrial division3,141
EBIT1,523
as % of revenues12.6
Group earnings654
Cash flow from operating activities900
Number of employees82,294
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