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Ohb — H1 2011 Earnings Presentation

18 slides from Ohb's earnings presentation, Aug 10, 2011

1. Slide 1: Six-Month Results 2011 Analysts' Conference Call

   Conference Call 08/10/2011, Bremen Six-Month Results 2011 Analysts’ Conference Call

2. Slide 2: Highlights 6M/2011

   Highlights 6M/2011 Highlights  Total revenues for the six months 2011 increased by 24 % to around EUR 238 million  Operating profit (EBITDA) came to 16.1 EUR million ( (previous i year 14 14.33 EUR million) illi )  EBIT of EUR 9.0 million and EPS of 0.27 Cent  Order Backlog with EUR 1.2 billion

3. Slide 3: 6M/2011 – The Group

   Financials 6M/2011 6M/2011 – The Group Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 91 9.1 9.0 238 16.1 193 14.3 H1/2010 H1/2011 H1/2010 H1/2011 H1/2010 H1/2011  EBIT margin: 3.8%  EBIT margin of own added value: 5.9% OHB AG / 6M Conference Call / August 10, 2011 Page 3

4. Slide 4: The Group in brief 6M/2011

   Financials 6M/2011 The Group in brief 6M/2011 (EUR 000) The Group in brief 6M/2011/ EUR (000) 6M/2011 6M/2010 Δ Order backlog (June 30) 1,206,921 1,288,763 -6% Total revenues 238,396 192,582 +24% EBITDA 16,065 14,304 +12% EBIT 9,007 9,147 -2% EBT 5 912 5,912 5 624 5,624 +5% Net profit after minoriti

5. Slide 5: Cash Flow

   Financials 6M/2011 Cash Flow (EUR 000) Cash flow statement 6M/2011/ EUR (000) 6M/2011 6M/2010 Net outflow/inflow of funds from operating activities -41,528 44,588 Net outflow of funds due to investment activities -3,020 -21,968 Net inflow/outflow of funds for financing activities 4,241 -10,328 Chang

6. Slide 6: Assets

   Financials 6M/2011 Assets (EUR 000) Assets / EUR (000) 6/30/2011 12/31/2010 Δ Non-current assets 138,602 120,058 +18,544 Property, plant and equipment 69,818 53,580 +16,238 Other financial assets 15,492 15,354 +138 Long-term securities 5,296 5,259 +37 Others 47,996 45,865 +2,131 Current Assets 366,7

7. Slide 7: Shareholders' equity and liabilities

   Financials 6M/2011 Shareholders‘ equity and liabilities (EUR 000) Shareholders‘ equity and liabilities / EUR (000) 6/30/2011 12/31/2010 Δ Equity 105,058 105,170 -112 Non-current liabilities and p provisions 197,713 , 191,195 , +6,518 , Provisions for pensions 82,071 74,292 +7,779 Non-current advance

8. Slide 8: Balance sheet structure

   Financials 6M/2011 Balance sheet structure (in percentage of total assets) Total assets 6/30/2011: EUR 505 million Non-current Equity assets 27% 21% Non-current Current assets liabilities and provisions 39% 73% Current liabilities thereof 40% advance 28% payments thereof securities and cash 10% Asse

9. Slide 9: 6M/2011 – Space Systems

   Financials 6M/2011 6M/2011 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 11 2 11.2 8.6 164 8.8 131 6.3 H1/2010 H1/2011 H1/2010 H1/2011 H1/2010 H1/2011  EBIT margin: 5.3%  EBIT margin of own added value: 9.8% OHB AG / 6M Conference Call / August 10, 2011 Page

10. Slide 10: 6M/2011 – Aerospace + Industrial Products

    Financials 6M/2011 6M/2011 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 90 5.5 28 2.8 4.9 72 04 0.4 H1/2010 H1/2011 H1/2010 H1/2011 H1/2010 H1/2011  EBIT margin: 0.5%  EBIT margin of own added value: 0.5% OHB AG / 6M Conference Call / Augus

11. Slide 11: Outlook 2011 business units in detail

    Outlook 2011 Outlook 2011 business units in detail Space Systems  Satellite developments in progress (Galileo, MTG, EnMAP)  Galileo 2nd batch proposal to be expected in 2011  Heinrich Hertz follow up proposal expected in 2011  CarbonSat study proposal and start of activities expected in 2011  L

12. Slide 12: Guidance Group 2011

    Outlook 2011 Guidance Group 2011 Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) >27 >41 >600 23 34 453 2010 2011e 2010 2011e 2010 2011e OHB AG / 6M Conference Call / August 10, 2011 Page 12

13. Slide 13: Business Units

    Appendix Business Units As of 07/01/2010 OHB AG / 6M Conference Call / August 10, 2011 Page 13

14. Slide 14: Shareholders' structure

    Appendix Shareholders’ structure As of 06/30/2011 OHB AG / 6M Conference Call / August 10, 2011 Page 14

15. Slide 15: The stock at a glance

    Appendix The stock at a glance The stock at a glance / EUR 6M/2011 6M/2010 High, Xetra 17.45 18.34 Low, Xetra 10.82 11.40 Closing price, Xetra 12.79 16.86 Average daily trading volumes (Xetra + floor) 25,630 73,370 M k t capitalization, Market it li ti X t Xetra 223 million illi 295 million illi Num

16. Slide 16: Analysts' ratings

    Appendix Analysts’ ratings Analysts’ ratings Date Institute Price Target Recommendation July 2011 Viscardi EUR 22.00 Buy July 2011 WestLB EUR 18.50 Buy June 2011 Commerzbank EUR 20.00 Buy Bankhaus May 2011 EUR 17.50 Buy Lampe May 2011 DZ BANK EUR 16.50 Buy HSBC Trinkaus March 2011 EUR 17.50 Overweig

17. Slide 17: Calendar of events 2011

    Appendix Calendar of events 2011 Calendar of events 2011 Event Date Half-year report / conference call August 10, 2011 Investors’ presentation September p 2, 2011 Commerzbank Sector Conference Week Week, Frankfurt/Main Nine-month report / conference call November 9, 2011 Analysts’ presentation Novem

18. Slide 18: Contact

    Contact Contact CEO Marco R. Fuchs +49-421-2020-664 IRO Michael Vér +49-421-2020-727 Email: ir@ohb.de Internet: http://www.ohb.de Fax: +49-421-2020-613 OHB AG / 6M Conference Call / August 10, 2011 Page 18

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