BORUSSIA DORTMUNDGmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund REPORT OF THE SUPERVISORY BOARD Due to the pandemic, Borussia Dortmund GmbH & conclusion under such difficult conditions. We are also Co. KGaA once again looks back on a difficult and thrilled that Borussia Dortmund's second team was challenging 2020/2021 financial year. promoted to the third division in the 2020/2021 season, meaning that the club will now have two men's Borussia Dortmund's financial performance this teams playing professional football in Germany in the 2020/2021 financial year has been severely impacted 2021/2022 season. by the COVID-19 pandemic and the restrictions on public life imposed in its wake. The original The economic impact of the COVID-19 pandemic this assumptions – such as at least a partial return to fan past financial year was considerable. In the attendance at the stadium during matches – have 2020/2021 financial year (1 July 2020 to 30 June failed to materialise, particularly as the result of the 2021), Borussia Dortmund generated revenue of third lockdown. Borussia Dortmund has nevertheless EUR334.2 million (previous year: EUR 370.2 million). managed to limit somewhat the negative impact on Consolidated total operating proceeds (revenue plus earnings thanks in particular to its success in the gross transfer proceeds generated) amounted to UEFA Champions League and the DFB Cup. EUR358.6 million (previous year: EUR 486.9 million). In the financial year ended, the consolidated net loss Given the circumstances, Borussia Dortmund amounted to EUR 72.8 million (previous year: loss of ultimately played a successful season. The team EUR 44.0 million). Consolidated earnings before taxes achieved one of the season's key objectives by once (EBT) amounted to EUR -73.2 million (previous year: again directly qualifying for the group stage of the EUR -46.6 million); consolidated earnings before 2021/2022 UEFA Champions League, even though this interest, taxes, depreciation and amortisation was taxing and challenging for everyone involved, with (EBITDA) amounted to EUR 39.0 million (previous year: most of the matches over the 34 match days played EUR 63.0 million). In the separate financial statements to empty stands due to the special match operations of Borussia Dortmund GmbH & Co. KGaA prepared in imposed in the wake of the pandemic. When the accordance with the German Commercial Code (HGB), sporting objectives looked to be in jeopardy in the first the Company reported a net loss for the year of half of the season, the club decided to replace head EUR76.5 million. In light of this earnings situation, it coach Lucien Favre with Edin Terzic. After gradually is not possible to propose a dividend distribution to finding their rhythm, the team and Edin Terzic's the 2021 Annual General Meeting. coaching staff rediscovered success and rewarded themselves and the entire Borussia Dortmund fan The management and entire staff of Borussia base by winning the DFB Cup. On the heels of an Dortmund have demonstrated that they are up to the unprecedented comeback, the team climbed back to task of managing the effects of the COVID-19 third place in the Bundesliga, thereby directly pandemic even when faced with difficult challenges. qualifying for the group stage of the UEFA Champions Therefore, we owe them all a debt of gratitude. League. The team put on a respectable performance Furthermore, the players, the sporting director and in the 2020/2021 UEFA Champions League, reaching his team, the coaching staff, the managing directors the quarter-finals and thus finishing in the top eight and members of the Supervisory Board also helped in Europe. An extraordinary debt of gratitude is owed to ease the situation by agreeing to forego a portion to the sporting director, his team and the coaches for of their salaries. having brought the 2020/2021 season to a satisfactory Anlage 1.4 / 8 41009653-1376911 8