Slide 1: Conference Call OHB SE Q3/Nine-month results 2020
Conference Call OHB SE Q3/Nine-month results 2020 November 12, 2020 Marco Fuchs, CEO Kurt Melching, CFO Dr. Lutz Bertling, CSDO / CDO
Slide 2: OHB Digital complements the business areas
2 OHB Digital complements the business areas *Aerotech Peissenberg GmbH & Co. KG (ATP) is included at equity in the consolidated financial statements. The approximately 660 employees of the ATP Group are not included here. This slide shows an overview of the business areas, not the consolidation str
Slide 3: Space Systems – Order intake for asteroid-deflection mission Hera
3 Third quarter 2020 Space Systems – Order intake for asteroid-deflection mission Hera On September 15, OHB System (prime contractor) and ESA signed a contract with a value of EUR 129 million OHB will be lead-managing the industrial consortium and will be responsible for designing and integratin
Slide 4: Space Systems – Order intake for EC programme Copernicus
4 Third quarter 2020 Space Systems – Order intake for EC programme Copernicus OHB proposals for the Copernicus project selected by ESA On July 31, OHB System AG signed the prime contract with ESA for the CO2M mission (CO2 Monitoring Mission in the Copernicus program), volume: EUR 445 million plus
Slide 5: Space Systems: Copernicus - Earth observation
5 Space Systems: Copernicus - Earth observation CO2M CHIME CIMR Arctic Weather Satellite (ESA-EO) Mission Prime: OHB System Payload Prime: OHB System Payload Prime: OHB Italia Mission Prime: OHB Sweden Contract signed on Final contract negotiations are in process and OHB Sweden wins July 31 contract
Slide 6: Space Systems - miscellaneous
6 Third quarter 2020 Space Systems - miscellaneous Satellite launch / order-intake / project progress Luxspace’s ESAIL satellite was successfully launched on September 3 onboard a Vega launcher from Kourou OHB Italia and ESA signed a contract for Comet Interceptor mission study on November 5 O
Slide 7: Aerospace - Reduced production of Ariane 6: European launcher industry in distress
7 Business year 2020 Aerospace - Reduced production of Ariane 6: European launcher industry in distress MT Aerospace AG in Augsburg strongly affected Initial launch of Ariane 6 has been postponed to Q2/2022, meaning that series production will commence later and on a smaller scale than planned, th
Slide 8: Aerospace – Rocket Factory Augsburg (RFA)
8 Business year 2020 Aerospace – Rocket Factory Augsburg (RFA) Start-up prepares for maiden flight in late 2022 RFA and CNES work towards launch site implementation in Kourou Agreement with Andøya Space for maiden flight signed on September 28 Agreement with Exolaunch to supply commercial laun
Slide 9: Digital – Order intake for new company OHB Digital Connect
9 Third quarter 2020 Digital – Order intake for new company OHB Digital Connect OHB Digital Connect (DC) awarded contract for the regeneration of Bundeswehr ground stations In November, OHB DC received a contract from the German Federal Office for Equipment, Information Technology and Utilization
Slide 10: Order-intake – realisations & expectations
10 Business year 2020 and beyond Order-intake – realisations & expectations in EUR million Programme / Project Budgetary authority Volume Copernicus (Earth Observation): CO2M –BOOKED– ESA 445 Hera (Space Safety) –BOOKED– ESA 129 Copernicus (CHIME, CIMR) & Arctic Weather Satellite ESA / European Comm
Slide 11: Development of order-backlog in EUR million
11 9m 2020 Development of order-backlog in EUR million 2500 2000 1500 2,300 2,400 2,400 1000 2,100 2,019 1,700 1,840 1,600 1,600 1,200 500 834 1,000 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9M/2020
Slide 12: The Group in brief 9M/2020 in EUR (000)
12 9m 2020 The Group in brief 9M/2020 in EUR (000) 9m 2019 9m 2020 Change in % Order backlog (September 30) 2,061,116 2,018,703 -2 Total revenues 659,283 600,374 -9 EBITDA 57,918 55,541 -4 EBIT 36,163 30,081 -16 EBT 33,046 24,291 -26 Net profit after minorities 20,030 16,718 -17 EPS (EUR) 1.15 0.96
Slide 13: Development of financial ratios for the group
13 9m 2020 Development of financial ratios for the group Total revenues / in EUR million EBITDA & EBIT / in EUR million 800 70 700 659 57.9 634 60 55.5 600 600 541 47.1 50 500 41.6 40 34.4 36.1 EBITDA 400 31.7 30.1 EBIT 30 300 20 200 100 10 0 0 9m 2017 9m 2018 9m 2019 9m 2020 9m 2017 9m 2018 9m 2019
Slide 14: Space Systems
14 9m 2020 Space Systems Total revenues / in EUR million EBITDA & EBIT / in EUR million 600 60 533 53.7 499 493 500 50 45.4 404 400 40 34.1 EBITDA 31.4 30 28.6 EBIT 300 24.4 23.1 20 18.5 200 100 10 0 0 9m 2017 9m 2018 9m 2019 9m 2020 9m 2017 9m 2018 9m 2019 9m 2020 9M/2020 EBIT margin 6.9 %, EBIT ma
Slide 15: Aerospace
15 9m 2020 Aerospace Total revenues / in EUR million EBITDA & EBIT / in EUR million 160 145 141 18 17.2 140 131 15.6 120 13.3 12.5 110 13 11.3 100 EBITDA 7.6 EBIT 8 80 60 3 2.1 40 -2 9m 2017 9m 2018 9m 2019 9m 2020 20 -3.7 0 -7 9m 2017 9m 2018 9m 2019 9m 2020 9M/2020 EBIT margin -3.4 %, EBIT margin
Slide 16: Financial Guidance 2020
16 9m 2020 Financial Guidance 2020 During the Capital Market Day on 13 February 2020, the Management Board issued the following guidance for the 2020 financial year: Total revenues / in EUR million EBITDA & EBIT / in EUR million 78 80 1,100 80 1200 1,000 1,030 65 59 860 60 49 44 48 44 800 40 400 20
Slide 17: Assets / EUR (000)
17 9m 2020 Assets / EUR (000) 12/31/2019 09/30/2020 Change in % Non-current assets 348,625 361,011 +4 Property, plant and equipment 95,440 95,990 +1 Rights of use from leasing agreements 54,878 59,716 +9 Other intangible assets 116,309 116,096 0 Others 81,998 89,209 +12 Current assets 582,394 620,23
Slide 18: Shareholder's equity and liabilities / EUR (000)
18 9m 2020 Shareholder‘s equity and liabilities/ EUR (000) 12/31/2019 09/30/2020 Change in % Equity 200,830 216,828 +8 Non-current liabilities and provisions 224,223 214,433 -3 Provisions for pensions 108,252 105,928 -2 Leasing liabilities 42,561 48,357 +14 Deferred tax liabilities 38,319 36,638 +2
Slide 19: Financial ratios (in EUR million)
19 9m 2020 Financial ratios (in EUR million) 9m 2019 3m 2020 6m 2020 9m 2020 Free Cash flow -124 -54 -64 -47 Net debt 247 192 207 194 Net debt ex pensions 148 84 101 88 CAPEX (incl. financial assets) 17 4 12 16 Own work capitalized (additions) 10 1 3 5 ROCE 13% 12% 12% 11%
Slide 20: Development of the ratio net debt
20 9m 2020 Development of the ratio net debt as of the balance sheet date of the respective reporting period / in EUR million 300 247 250 207 200 192 194 148 150 101 100 84 88 50 0 9m 2019 3m 2020 6m 2020 9m 2020 Net debt Net debt ex pensions
Slide 21: Development of investment spending
21 9m 2020 Development of investment spending as of the balance sheet date of the respective reporting period / in EUR million 20 18 17 16 16 14 12 12 10 10 8 6 5 4 4 3 2 1 0 9m 2019 3m 2020 6m 2020 9m 2020 CAPEX Own work capitalised
Slide 22: Development of free cash flow / ROCE
22 9m 2020 Development of free cash flow / ROCE as of the balance sheet date of the respective reporting period Free cash flow / in EUR million ROCE in % 30 20 10 18 -10 16 9m 2019 3m 2020 6m 2020 9m 2020 -30 14 -50 12 -47 10 -70 -54 -64 8 -90 6 -110 4 -130 2 -124 -150 0 3m 2020 6m 2020 9m 2020 Look
Slide 23: Shareholder structure OHB SE // Management Board
23 About the company Shareholder structure OHB SE // Management Board Total issued capital – 17,468,096 shares Free Float 5,246,380 shares; Fuchs Pool 30.03% 12,178,720 shares; 69.72% Treasury Stock from left to right: 42,996 shares; Dr. Lutz Bertling, CSDO / CDO 0.25% Marco Fuchs, CEO Klaus H
Slide 24: Financial Calendar 2020/2021
24 Business year 2020/2021 Financial Calendar 2020/2021 November 12, 2020 Nine-month interim report 2020, conference call November 16-18, German Equity Forum 2020 (virtual) 2020 November 23, 2020 DZ Bank conference (virtual) January 7-13, 2021 Oddo BHF Forum (virtual) February 11, 2021 Capital Marke