GROUP MANAGEMENT REPORT PERFORMANCE INDICATORS Various financial and non-financial indicators are reflect the Group's earnings power and as a source used to measure performance. Borussia Dortmund of funding for ordinary activities. uses these internally-defined performance indicators to guide its entrepreneurial actions and The result from operating activities (EBIT) and net to select the focus of its internal reporting. profit or loss for the year are also used to manage the Company. These financial performance Financial performance indicators indicators play a key role in preparing the budget for From a wide range of possible financial indicators, the coming financial year(s), in interim controlling Borussia Dortmund focuses on those specific with respect to the earnings performance and when indicators that in the past few years were primarily looking back on a particular financial year. used to steer the Company. Another key performance indicator is the operating result (EBITDA). This is due to the considerable level First and foremost is revenue. Management uses of investment activity and the associated increase this indicator to internally manage the Company, in depreciation, amortisation and write-downs. As knowing full well that this indicator alone is not a result, EBITDA (EBIT adjusted for depreciation, sufficiently meaningful. Nevertheless, it provides amortisation and write-downs) has been selected a clear indication of the Company's economic to better benchmark the Company's annual strength, especially when compared against that performance. of competitors or when monitoring the Company's long-term revenue trend. These indicators are rounded out by cash flows from operating activities and free cash flow, both A further financial performance indicator is of which the Company uses for internal planning consolidated total operating proceeds. These are purposes. calculated as total revenue plus the gross transfer Free cash flow is defined as cash flows from proceeds generated. This indicator is used to operating activities plus cash flows from investing 2ndmatch day DFL-Supercup 26 September 2020 30 September 2020 FC Augsburg - BVB 2:0 Bayern München - BVB 3:2 121 121