Standardpräsentation Investor Relations - K+S Aktiengesellschaft
Standardpräsentation Investor Relations - K+S Aktiengesellschaft
Standardpräsentation Investor Relations - K+S Aktiengesellschaft
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<strong>K+S</strong> Group<br />
Key Figures for the Management<br />
of the Capital Structure<br />
In order to assure and optimise the financial capacity of the <strong>K+S</strong> Group, we aim to achieve a<br />
situation where the <strong>K+S</strong> Group has a capital structure in the long term, which is oriented to<br />
the usual criteria and indicators for an "investment grade" rating. The management of the<br />
capital structure is undertaken on the basis of the following key figures:<br />
Target corridor Q1/13 2012 2011<br />
Net indebtedness / EBITDA 1.0x – 1.5x 0.6x 0.8x 0.5x<br />
Net indebtedness / Equity 50% – 100% 17.0% 24.4% 21.8%<br />
Equity ratio 40% – 50% 53.1% 51.4% 50.3%<br />
June 2013 <strong>K+S</strong> Group 94
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