DGAP-Adhoc: Sixt SE: Sixt SE plans IPO of Sixt Leasing AG

| Source: EQS Group AG EQS Group AG 

Sixt SE  / Key word(s): IPO

14.04.2015 07:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Sixt SE plans IPO of Sixt Leasing AG

Pullach, 14 April 2015 - Sixt Leasing AG, a 100% subsidiary of the
international mobility service provider Sixt SE, intends to go public in
2015 ("IPO" or "Offer"). This has been resolved today by the management
boards of Sixt SE and Sixt Leasing AG. Sixt Leasing AG comprises all of
Sixt Group's activities in the fleet leasing, fleet management and online
retail leasing businesses.

As part of the IPO, Sixt Leasing AG plans to admit its shares to trading on
the regulated market of the Frankfurt Stock Exchange (Prime Standard). It
is envisaged to offer new shares in Sixt Leasing AG from a cash capital
increase in order to raise new equity in the amount of at least EUR 100
million, in addition to a capital injection by Sixt SE of at least EUR 30
million prior to the IPO, which will result in a total equity injection of
at least EUR 130 million. Furthermore, Sixt SE plans to sell existing
shares from its holdings in Sixt Leasing AG and to provide additional
secondary shares for a potential overallotment ("Greenshoe") in the amount
of up to 15% of the base deal. Sixt SE intends to reduce its participation
to below 50% through the IPO but to retain a major interest in Sixt Leasing
AG after its IPO of at least 40%.

With the IPO, Sixt Leasing AG intends to significantly strengthen its
capital base resulting in financial leeway for continued growth and a
further increase in profitability.

Over the last years, Sixt Leasing Group has grown strongly while
significantly increasing its profitability. Between 2012 and 2014 the
compound annual growth rate (CAGR) of the contract portfolio was +25.1%. As
at 31 December 2014, the Company held a total of approximately 97.4
thousand leasing and fleet management contracts. Total revenue for 2014
amounted to EUR 575.0 million. Operating revenue (excluding revenue from
the sale of used vehicles) for the last year was EUR 427.9 million.
Earnings before taxes (EBT) increased on average by approximately 25% per
year between 2012 and 2014. EBT for 2014 rose from EUR 20.7 million (2013)
to EUR 25.6 million. The EBT margin (in relation to operating revenue) in
2014 was 6.0%. All financial information refers to the audited combined
IFRS annual financial statements of Sixt Leasing AG for the fiscal years
2012, 2013 and 2014.

Berenberg and COMMERZBANK are acting as Joint Global Coordinators and
together with Baader Bank as Joint Bookrunners.

Contact:
Sixt SE
Frank Elsner 
Sixt Central Press Office
Tel.: +49 - 89 - 99 24 96 30
Fax: +49 - 89 - 99 24 96 32
Mail: pressrelations@sixt.com 

Forward-Looking Statements:
This release may contain forward-looking statements based on current
assumptions and forecasts made by Sixt Leasing Group. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here.
These factors include those discussed in Sixt SE's public reports which are
available on the Sixt SE website at www.sixt.de. The company assumes no
liability whatsoever to update these forward-looking statements or to
conform them to future events or developments.

Disclaimer:
These materials may not be published, distributed or transmitted in the
United States, Canada, Australia or Japan.  These materials do not
constitute an offer of securities for sale or a solicitation of an offer to
purchase securities (the "Shares") of Sixt Leasing AG (the "Company") in
the United States, Germany or any other jurisdiction. The Shares of the
Company may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act"). The Shares of the Company have not been,
and will not be, registered under the Securities Act. Any sale in the
United States of the securities mentioned in this communication will be
made solely to "qualified institutional buyers" as defined in, and in
reliance on, Rule 144A under the Securities Act.

In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons"). This document is directed only at
Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
document relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.

This publication constitutes neither an offer to sell nor a solicitation to
buy securities. The offer will be made solely by means of, and on the basis
of, a securities prospectus which is to be published. An investment
decision regarding the publicly offered securities of Sixt Leasing AG
should only be made on the basis of the securities prospectus.  The
securities prospectus will be published promptly upon approval by the
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will be
available free of charge from Sixt Leasing AG, Zugspitzstraße 1, 82049
Pullach, Germany, or on the Sixt Leasing AG website.


14.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Sixt SE
              Zugspitzstraße 1
              82049 Pullach
              Germany
Phone:        +49 (0)89 74444-5104
Fax:          +49 (0)89 74444-85104
E-mail:       investorrelations@sixt.com
Internet:     http://se.sixt.de
ISIN:         DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt
              Namensaktien, DE000A1E8V89 Sixt-Anleihe 2010/2016,
              DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9
              Sixt-Anleihe 2014/2020
WKN:          723132
Indices:      SDAX
Listed:       Regulated Market in Frankfurt, Munich; Regulated Unofficial
              Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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