Slide 1: Press Conference July 20, 2022
PRESS CONFERENCE JULY 20, 2022
Slide 2: Highlights
HIGHLIGHTS A RECORD BREAKING ORDER INTAKE FOR ONE SEMESTER: €16.3 BN - 86 RAFALE AND 41 FALCON SUPPLY CHAIN DIFFICULTIES AND WORKFORCE SHORTAGE 2 JULY 20th 2022 PRESS CONFERENCE Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqu
Slide 3: Context
Context
Slide 4: Context 1/3
CONTEXT 1/3 Conflict between Russia and Ukraine Continuing global health crisis Presidential and legislative elections in France High inflation and concerns about growth Supply chain pressures Environmental and social challenges 4 JULY 20th 2022 PRESS CONFERENCE Ce document est la propri
Slide 5: Context 2/3: Dassault Aviation facing the Ukrainian crisis
CONTEXT 2/3: DASSAULT AVIATION FACING THE UKRAINIAN CRISIS The Russia-Ukraine conflict has heightened tensions over raw materials, energy and the supply chain The sanctions adopted by the European Union and the United States are strictly enforced by the Company, which has set up a dedicated crisis
Slide 6: Context 3/3: Supply chain risks
CONTEXT 3/3: SUPPLY CHAIN RISKS The health crisis in 2020 had already weakened our suppliers when demand surged in 2021 In 2022, the Russia - Ukraine crisis, on top of the Covid-19 pandemic, is adding to the pressure on supplies (electronic components, materials), logistics chains and prices • t
Slide 7: Programs
Programs
Slide 8: Rafale Export
RAFALE EXPORT Confirmation of the Rafale’s success United Arab Emirates: T0 in April 2022 for the contract for 80 Rafale Greece: signing and entry into force in March 2022 of a contract for an additional 6 Rafale Indonesia: 42 Rafale, (6+36) contracts signed pending T0 Performance of contracts
Slide 9: Rafale France
RAFALE FRANCE Continuation of development work on the F4 standard Batch 5: Launch of productibility works Deliveries planned under the Military Planning Law from 2027 Order expected (in 2023?) for 42 aircraft: 30 planned initially + 12 to replace aircraft sold to Croatia 9 JULY 20th 2022 PRESS
Slide 10: Military Support
MILITARY SUPPORT Certification by the French Defense Procurement Agency (DGA) of the mid-life upgrade of the Mirage 2000D Improvement of Air/Air and Air/Ground capabilities Addition of decision support tools “Vertically integrated” support contracts for French fleets Ravel (Rafale) and Ocean (
Slide 11: Future Combat Air System (FCAS)
FUTURE COMBAT AIR SYSTEM (FCAS) Launched in February 2020, work on phase 1A of the FCAS demonstrators—including the New Generation Fighter—was completed in the first quarter of 2022 and is currently being delivered. This is also the case with the Joint Concept Study (JCS). The next phase of the
Slide 12: Eurodrone
EURODRONE Contract for 20 systems and five-year support, signed on February 24, 2022 Airbus Defence and Space GmbH is the industrial prime contractor Dassault Aviation is responsible in particular for flight control systems and mission communications (with Thales), as a subcontractor of Airbus 1
Slide 13: Mission Aircraft
MISSION AIRCRAFT Falcon mission aircraft Order for 4 Falcon 2000LXS for the Republic of South Korea Albatros: development, production and support of a maritime surveillance and response aircraft (AVSIMAR) on a Falcon 2000LXS platform (backlog of 7 aircraft, with a further 5 under option, request
Slide 14: Falcon
FALCON H1 2022: 14 deliveries and 41 orders placed (net of cancelled Russian Aircraft) (vs. 6 deliveries and 25 orders placed in the 1st half of 2021) Buoyant market, especially in the United States and Europe Traffic in the high end business jet segment has exceeded 2019 levels (base year) Pre-
Slide 15: Falcon
FALCON 7,500 nm 5,500 nm 6,450 nm 5,950 nm 4,750 nm 4,000 nm 15 JULY 20th 2022 PRESS CONFERENCE Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son autorisation. Dassault Aviation Proprietary Data
Slide 16: Falcon 6X
FALCON 6X Entry into service scheduled mid-2023 Testing under way with 3 development aircraft More than 900 flight hours as of June 30, 2022, excellent flight behavior and performance in line with expectations Cold weather and high-altitude terrain tests completed “World Tour”: 4 weeks, 50 stops
Slide 17: Falcon 10X
FALCON 10X Entry into service scheduled for late 2025 : tight schedule because of difficulties related to Covid and its consequences on supply chain and collaborative works Ultra-long range aircraft Next generation cockpit Advanced technology and innovations, some inherited from our military b
Slide 18: Falcon Aftersale
FALCON AFTERSALE Falcon support In-person seminars resumed all around the world New maintenance FalconCare contracts, extended to preowned Aircraft Implementation of a SAP-based solution for the management of our Falcon spare parts – its worldwide deployment is ongoing and operational capabili
Slide 19: 1st Half 2022 Results
1st Half 2022 Results
Slide 20: Order Intakes, Deliveries and Backlog
ORDER INTAKES, DELIVERIES AND BACKLOG IN UNITS – NEW AIRCRAFT Order Intake Deliveries Backlog 2022 1st half 2021 1st half 2022 1st half 2021 1st half 06.30.2022 12.31.2021 247 127 82 41 Falcon 141 55 43 125 86 21 46 25 19 Rafale Export 6 14 6 40 40 Rafale France 12 7 13 2022 FALCON GUIDANCE : 35 202
Slide 21: Order Intakes, Net Sales and Backlog
ORDER INTAKES, NET SALES AND BACKLOG IN € BILLION Falcon Defense Export Defense France p.m. : Dassault Aviation recognizes the Rafale Export contracts in their entirety (including the Thales and Safran parts) Order Intake Net Sales Backlog 2022 1st half 2021 1st half 2022 1st half 2021 1st half 06.3
Slide 22: Consolidated Self-Funded R&D
CONSOLIDATED SELF-FUNDED R&D IN € MILLION AND IN % OF NET SALES € 278 M 9.0% of net sales € 250 M 8.0% of net sales H1 2022 H1 2021 22 JULY 20th 2022 PRESS CONFERENCE Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son
Slide 23: Thales
THALES Dassault Aviation has been a shareholder of Thales since 2009 and as leading industrial shareholder Dassault Aviation has entered into a shareholders' agreement with the French state. Shareholders agreement has been extended for another 5 years on January 1st, 2022 Thales key figures (adjuste
Slide 24: Adjusted Consolidated Income Statement
ADJUSTED CONSOLIDATED INCOME STATEMENT st 1 half in € million 2022 2021 NET SALES 3,098 3,107 OPERATING INCOME 200 175 Operating margin 6.5% 5.6% FINANCIAL INCOME -13 -11 THALES and other equity affiliates 183 149 TAXES -52 -48 NET INCOME 318 265 Net margin 10.3% 8.5% 24 JULY 20th 2022 PRESS CONFERE
Slide 25: Consolidated Available Cash
CONSOLIDATED AVAILABLE CASH € 6,3 Bn € 4,9 Bn 06.30.2022 12.31.2021 25 JULY 20th 2022 PRESS CONFERENCE Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son autorisation. Dassault Aviation Proprietary Data
Slide 26: 2022 Targets
2022 TARGETS Delivery of 13 Rafale and 35 Falcon 2022 guidance unchanged: Decreasing net sales 26 JULY 20th 2022 PRESS CONFERENCE Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son autorisation. Dassault Aviation P
Slide 27: Disclaimer
DISCLAIMER This press conference may contain forward-looking statements which represent objectives and cannot be construed as forecasts regarding the Company's results or any other performance indicator. The actual results may differ significantly from the forward-looking statements due to various r
Slide 28: Press Conference July 20, 2022
PRESS CONFERENCE JULY 20, 2022