Ohb Se · XETR:OHB
Ohb — Q1 2024 Earnings Presentation
18 slides from Ohb's earnings presentation, May 8, 2024
Slide 1: Analyst Conference Q1/Three-Month Results 2024
ANALYST CONFERENCE | Q1/THREE-MONTH RESULTS 2024 MAY 8, 2024 MARCO FUCHS, CEO KURT MELCHING, CFO DR. MARKUS MOELLER, CSO ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 2
Slide 3: Strategy: OHB 2025 – Shaping the Future
STRATEGY: OHB 2025 – SHAPING THE FUTURE Scope Growth ▪ End-to-end space system provider ▪ Organic and inorganic growth ▪ Develop downstream portfolio ▪ M&A focus on downstream ▪ Extend satellites and systems portfolio ▪ Extend footprint in commercial market ▪ Extend rocket customer base, full launch
Slide 4: Public takeover offer is well on track for completion
PUBLIC TAKEOVER OFFER IS WELL ON TRACK FOR COMPLETION CLOSING IS NOW ONLY SUBJECT TO REGULATORY APPROVALS ✓ ✓ ✓ ✓ ✓ Reasoned Announcement of Publication of statement by decision to make a the offer OHB Management / Announcement of Announcement of public takeover offer document Supervisory Board resu
Slide 5: New governance model forms an integral part for the implementation of our growth strategy
NEW GOVERNANCE MODEL FORMS AN INTEGRAL PART FOR THE IMPLEMENTATION OF OUR GROWTH STRATEGY Chief Executive Officer Executive Committee emphasizes Group- M. Fuchs wide responsibilities and acts as the foundation on our way to becoming the Chief Sales + Strategy Chief Financial Chief Legal + Integrity
Slide 6: Top level management changes across all business segments (I)
TOP LEVEL MANAGEMENT CHANGES ACROSS ALL BUSINESS SEGMENTS (I) Chiara Pedersoli appointed as CEO of Ulrich Scheib appointed as CEO of Dr. Arne Gausepohl appointed as new head of OHB System AG MT Aerospace AG OHB’s DIGITAL segment ▪ She succeeds Marco Fuchs who will remain ▪ As new CEO, he succeeds Ha
Slide 7: Top level management changes across all business segments (II)
TOP LEVEL MANAGEMENT CHANGES ACROSS ALL BUSINESS SEGMENTS (II) Dr. Kristina Wagner assumed the role of Chief Oliver Salisch appointed as Chief M&A + Sabine von der Recke appointed as Technology + Digital Officer on February 1, 2024 Investments Officer Chief Communications & Public Affairs Officer ▪
Slide 8: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS ▪ Preparation for the integration of the first PLATO cameras in our new clean room has begun ▪ Strong progress in the Earth observation domain across the Group − OHB Italia tasked with providing 12 additional satellites for IRIDE Earth observation constellation − OHB
Slide 9: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE ▪ Rocket Factory Augsburg takes further steps towards initial launch − Test campaign for RFA ONE’s upper stage successfully completed − All systems tested far beyond the specifications required for the flight − Final tests ahead of the integration on the launcher’s first
Slide 10: Segment Highlights: Digital
SEGMENT HIGHLIGHTS DIGITAL ▪ Next milestone in MeerKAT expansion project (MeerKAT+) achieved − First of at least 14 new high-performance antennas delivered in February 2024 − OHB Digital Connect now focusses on serial production of the remaining antennas ▪ OHB selected to coordinate Baltic GTIF − Pi
Slide 11: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2100 2121 1840 1875 1749 1725 1600 1700 1600 1200 1000 834 534 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 3m 2024 ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 11
Slide 12: The Group in Brief
THE GROUP IN BRIEF FINANCIAL FIGURES IN EUR 000 3m 2024 3m 2023 Change in % Order backlog (March 31) 1,724,568 1,763,995 -2 Total revenues 206,725 202,350 +2 EBITDA 19,342 21,542 -10 EBIT 10,230 12,542 -18 Net profit after minorities 7,077 9,334 -24 EPS (EUR) 0.25 0.41 -39 ANALYST CONFERENCE – Q1/TH
Slide 13: Development of Financial Key Figures for the Group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP IN EUR MILLION Total revenues Profitability EBITDA EBIT 202 207 184 190 182 21.5 19.3 20.2 19.9 19.3 12.5 11.1 11.4 11.4 10.2 3m 2020 3m 2021 3m 2022 3m 2023 3m 2024 3m 2020 3m 2021 3m 2022 3m 2023 3m 2024 3m 2024 EBIT margin: 4.9 % (3m 2023: 6.2 %)
Slide 14: Financial Outlook 2024-2026
FINANCIAL OUTLOOK 2024-2026 IN EUR MILLION Actual Outlook Total revenues 1.600-1.700 1.400-1.500 1.300-1.400 1183 1030 1001 901 917 2019 2020 2021 2022 2023 2024 2025 2026 ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 14
Slide 15: Financial Outlook 2024-2026: Margin Development
FINANCIAL OUTLOOK 2024-2026 MARGIN DEVELOPMENT | ADJUSTED VALUES FOR OUTLOOK Actual Outlook EBITDA 13.7 % 8.5 % 9.2 % 9.9 % > 8.5 % > 10.0 % > 10.5 % 7.6 % 2019 2020 2021 2022 2023 2024 2025 2026 EBIT 10.6 % 6.3 % > 7.0 % > 7.5 % 4.7 % 4.7 % 5.1 % > 6.0 % 2019 2020 2021 2022 2023 2024 2025 2026 ANAL
Slide 16: Financial Calendar 2024
FINANCIAL CALENDAR 2024 May 8, 2024 3-Month report/Analyst conference June 26, 2024 Annual General Meeting August 8, 2024 6-Month report/Analyst conference November 12, 2024 9-Month report/Analyst conference ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 16
Slide 17: Q&A
Q&A ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 17
Slide 18: Thank You!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 6426 Email: ir@ohb.de Web: www.ohb.de ANALYST CONFERENCE – Q1/THREE-MONTH RESULTS 2024 // MAY 8, 2024 18