Slide 1: Conference Call OHB SE Three-month results
May 12, 2016 Conference Call OHB SE Three-month results Marco Fuchs, Chief Executive Officer Kurt Melching, Director Finance & Controlling
Slide 2: Recent newsflow from the subsidiaries
Recent newsflow from the subsidiaries Company Headlines OHB System ESA, SES and OHB agreed on realisation of Electra OHB System ExoMars 2016 mission, including Trace Gas Orbiter and Schiaparelli, was launched on March 14, 2016 aboard a Russian Proton rocket from Baikonur ExoMars 2018 shifted to next
Slide 3: Project update Galileo
Project update Galileo Events Next launch Galileo FOC satellites 9 & 10 arrived at the launch site in Kourou on April 6 for the launch on top of a Soyuz rocket on May 24 … and beyond Current status of production: Further three satellites are located at ESA’s test centre in Noordwijk, the remaining s
Slide 4: The Group in brief 3M/2016
The Group in brief 3M/2016 EUR (000) 3M/2015 3M/2016 ∆ Order backlog (March 31) 2,045,957 1,743,589 -15% Total revenues 153,249 157,369 +3% EBITDA 10,750 10,676 -1% EBIT 7,786 7,829 +1% EBT 7,215 7,069 -2% Net profit after minorities 4,336 4,540 +5% EPS (EUR) 0.25 0.26 +4% Analyst conference call /O
Slide 5: Group results
Group results Total Revenues 3m 2016 250 208 200 153 157 EUR million 150 144 186 124 100 50 Blue coloured line: pro-forma results 0 for 3m 2013 and 3m 2014 deducting 3m 2013 3m 2014 3m 2015 3m 2016 the results of the former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA 20,00 15,00 14.5
Slide 6: Space Systems
Total revenues Space Systems 200 3m 2016 150 151 118 119 EUR million 100 93 50 0 3m 2013 3m 2014 3m 2015 3m 2016 EBITDA 10,00 9.5 8.0 7.5 8,00 6.9 6,00 4,00 2,00 0,00 3m 2013 3m 2014 3m 2015 3m 2016 EBIT 3M/2016: EBIT margin 5.22%, EBIT margin on own value added 10.48% 8,00 7.4 6.2 5.4 5.7 6,00 4,00
Slide 7: Aerospace + Industrial Products
Aerospace + Total Revenues 80,00 Industrial Products 60,00 52.9 58.3 36.1 39.4 3m 2016 40,00 33.1 36.5 EUR million 20,00 0,00 3m 2013 3m 2014 3m 2015 3m 2016 EBITDA 6,00 5.1 5,00 4,00 3.4 3.0 3,00 2.7 2.8 3.1 2,00 1,00 0,00 3m 2013 3m 2014 3m 2015 3m 2016 3M/2016: EBIT margin 4.59%, EBIT margin on o
Slide 8: Guidance 2016
Full year 2016 Guidance 2016 guidance reiterated Total Revenues 750 600 800 700 600 400 500 208 400 153 157 300 200 144 200 100 0 0 3m 2013 3m 2014 3m 2015 3m 2016 2016E EBITDA 54 20,00 50 14.5 40 15,00 10.4 10.8 10.7 30 10,00 20 5,00 10 0,00 0 3m 2013 3m 2014 3m 2015 3m 2016 2016E EBIT 42 15,00 40
Slide 9: Cash Flow / EUR (000)
Cash Flow / EUR (000) 3M/2015 3M/2016 Net outflow of funds for operating activities -11,774 -49,478 Net outflow of funds due to investment activities -908 -3,304 Net inflow of funds from financing activities 14,105 35,517 Change in liquid funds 1,423 17,265 Others 142 80 Liquid funds at the beginnin
Slide 10: Assets / EUR (000)
Assets / EUR (000) 31/12/2015 31/03/2016 ∆ Non-current assets 165,775 178,747 +12,972 Property, plant and equipment 54,188 53,906 -282 Other financial assets 26,335 31,505 +5,170 Other intangible assets 61,057 67,010 +5,953 Others 24,195 26,326 +2,131 Current assets 472,950 520,441 +47,491 Inventori
Slide 11: Shareholder’s equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 31/12/2015 31/03/2016 ∆ Equity 168,751 178,583 +9,832 Non-current liabilities and provisions 125,513 127,061 +1,548 Provisions for pensions 93,575 93,428 -147 Deferred tax liabilities 23,166 25,019 +1,853 Others 8,772 8,614 -158 Current liabilities 34
Slide 12: Shareholder’s structure
Shareholder’s structure May 2016 Treasury Stock Free Float Fuchs Pool Fuchs Pool 12,178,720 (69.72 %) Free Float 5,208,880 (29.82 %) Treasury Stock 80,469 (0.46 %) Total issued capital 17,468,096 Analyst conference call /OHB's 3-month report / May 12, 2016 12
Slide 13: Analyst ratings
Analyst ratings Date Institution Price target Recommendation May 2016 HSBC Trinkaus & 22.00 EUR buy Burkhardt February 2016 DZ Bank 23.00 EUR buy February 2016 WGZ Bank 21.00 EUR hold February 2016 Equinet 20.00 EUR neutral August 2015 Commerzbank 22.00 EUR hold Analyst conference call /OHB's 3-mont
Slide 14: The stock at a glance
The stock at a glance EUR 3M/2015 3M/2016 High, Xetra 23.60 20.78 Low, Xetra 19.25 18.01 Closing price, Xetra 21.20 19.06 Average daily trading volumes (Xetra + floor) 13.013 5.794 Market capitalization, Xetra 370,323,635 332,941,909 Number of shares 17,468,096 17,468,096 Analyst conference call /OH
Slide 15: Financial calendar 2016
Financial calendar 2016 May 12, 2016 Three-month report 2016, conference call May 25, 2016 Annual General Meeting / Bremen August 17, 2016 Six-month report 2016, conference call November 16, 2016 Nine-month report 2016, conference call November 21-23, 2016 Analyst and investor presentation / Frankfu