Porsche Automobil Holding SE (POAHF) Q2 2026 Earnings Call Transcript

At Porsche Automobile Holding SE, investing means taking responsibility as an active shareholder. Committed to long-term value creation, we combine heritage and innovation with active portfolio development, disciplined financial management, and a reliable distribution policy, strengthened by trusted partnerships. Based on this foundation, we pursue our vision to become a renowned global investment platform, the partner of choice for investors and employees alike. At Porsche SE, we selectively invest in growth-oriented opportunities through private equity and venture capital. These portfolio investments are held with a clear exit perspective and focus on the mobility and industrial technology sectors as well as in adjacent areas. But our anchor is rooted in two world-class automotive companies, Volkswagen Group and Porsche AG. These core investments are held with a long-term perspective, built on strength and tradition, and providing the stability of valuable brands and reliable dividends. These dividend inflows act as the financial engine of our capital allocation strategy, providing the liquidity that supports disciplined financial management, ensures reliable distributions, and drives active portfolio development. We are committed to maintaining an investment-grade profile with a long-term ambition of a loan-to-value in the low double-digit range. We do not increase gross debt for investments or net debt for dividend payments, and we target a minimum annual investment volume in the low three-digit million euro range. Within this disciplined framework, we remain open to adding a third long-term holding to further diversify dividend income and strengthen resilience. Our commitment remains unchanged, delivering an attractive and reliable dividend. These principles ensure that Porsche SE combines resilience with growth, always guided by responsibility and long-term value creation. Our reach is strengthened by trusted partnerships, both within and beyond our ecosystem. In addition to the extensive networks of the Volkswagen Group and Porsche AG, we maintain close relationships with globally renowned investment partners such as EQT, DTCP, and Bridgepoint. Through these relationships, we gain access to industry expertise, emerging technologies, and unique investment opportunities that shape the future of mobility, industrial innovation, and digital infrastructure. Building on this strong foundation, Porsche SE is evolving into a renowned global investment platform, creating long-term value through responsibility, innovation, and partnership. Learn more on PorscheSE.com.