Slide 1: Nine-month results 2014 Analysts' conference call
OHB AG Marco Fuchs, CEO November 12, 2014, Bremen Nine-month results 2014 Analysts’ conference call
Slide 2: Financial highlights 9M/2014
Highlights 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 2 Financial highlights 9M/2014 Total revenues up to a record level of EUR 577.4 million (previous year EUR 472.1 million) EBITDA increased to EUR 40.7 million (previous year: EUR 35.4 million) EBIT comes up to EUR 30.5 million (
Slide 3: Recent business highlights
Highlights 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 3 Recent business highlights CGS signed contract for MWI instrument realization, Volume: EUR 134 million CGS delivered sensors of LISA Pathfinder to ESA MT Aerospace celebrated topping-out of new plant for Ariane upper-stage tan
Slide 4: Project update Galileo
Highlights 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 4 Project update Galileo Status of the first and second Galileo FOC satellites that have been injected into a wrong orbit: platform subsystems have been successfully tested, the procedures to deploy the solar arrays are successf
Slide 5: 9M/2014 results / EUR million
Financials 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 5 9M/2014 results / EUR million Total revenues EBITDA EBIT 577 472 429 33.5 35.4 40.7 30.5 22.1 23.9 9M/2012 9M/2013 9M/2014 9M/2012 9M/2013 9M/2014 9M/2012 9M/2013 9M/2014 +10% +22% +6% +15% +8% +27% OHB AG
Slide 6: The Group in brief 9M/2014 / EUR (000)
Financials 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 6 The Group in brief 9M/2014 / EUR (000) 9M/2013 9M/2014 ∆ Order backlog (September 30) 2,195,594 2,101,660 -4% Total revenues 472,098 577,380 +22% EBITDA 35,438 40,724 +20% EBIT 23,941 30,514 +27% EBT 20,164 26,345 +31% Net pro
Slide 7: Cash Flow / EUR (000)
Financials 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 7 Cash Flow / EUR (000) 9M/2013 9M/2014 Net outflow of funds from operating activities -16,303 -30,490 Net outflow of funds due to investment activities -5,406 -7,279 Net outflow/inflow of funds for financing activities -813 +54
Slide 8: Assets / EUR (000)
Financials 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 8 Assets / EUR (000) 12/31/2013 09/30/2014 ∆ Non-current assets 157,723 147,493 -10,230 Property, plant and equipment 70,282 54,270 -16,012 Other financial assets 22,591 21,466 -1,125 Other intangible assets 42,174 44,621 +2,447
Slide 9: Shareholder's equity and liabilities / EUR (000)
Titel des Kapitels Analysts’ conference call 9M/2014 | Marco Fuchs Page 9 Shareholder’s equity and liabilities / EUR (000) 12/31/2013 09/30/2014 ∆ Equity 132,705 149,950 +17,245 Non-current liabilities and 133,609 116,638 -16,971 provisions Provisions for pensions 96,290 87,096 -9,194 Deferred tax l
Slide 10: 9M/2014 – Space Systems / EUR million
Financials 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 10 9M/2014 – Space Systems / EUR million Total revenues EBITDA EBIT 421 314 25.3 21.3 20.7 16.0 9M/2013 9M/2014 9M/2013 9M/2014 9M/2013 9M/2014 EBIT margin: 3.8% (previous year 6.6%) EBIT margin of own added value: 9.9% (previou
Slide 11: 9M/2014 – Aerospace + Industrial Products / EUR million
Financials 9M/2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 11 9M/2014 – Aerospace + Industrial Products / EUR million Total revenues EBITDA EBIT 163 165 19.4 10.1 14.6 3.2 9M/2013 9M/2014 9M/2013 9M/2014 9M/2013 9M/2014 EBIT margin: 8.9% (previous year 2.0%) EBIT margin of own added val
Slide 12: Financial Outlook 2014 – Guidance confirmed / EUR million
Outlook 2014 Analysts’ conference call 9M/2014 | Marco Fuchs Page 12 Financial Outlook 2014 – Guidance confirmed / EUR million Total revenues EBITDA EBIT 700 >700 633 53 >56 46 >39 31 36 2012 2013 2014G 2012 2013 2014G 2012 2013 2014G +11% +0% +15% +6% +16% +8% OHB AG
Slide 13: Shareholder's structure
Appendix Analysts’ conference call 9M/2014 | Marco Fuchs Page 13 Shareholder’s structure As of November 12, 2014 Total issued capital: 17,468,096 shares Treasury Stock | 80,496 shares 0.46 % Fuchs Pool | 12,178,720 shares 69.72 % Free Float | 5,208,880 shares 29.82 % OHB AG
Slide 14: The stock at a glance / EUR
Appendix Analysts’ conference call 9M/2014 | Marco Fuchs Page 14 The stock at a glance / EUR 9M/2013 9M/2014 High, Xetra 18.20 25.06 Low, Xetra 14.76 17.45 Closing price, Xetra 17.91 19.90 Average daily trading volumes (Xetra + floor) 14,121 15,301 Market capitalization, Xetra 313 million 348 millio
Slide 15: Analysts' ratings
Appendix Analysts’ conference call 9M/2014 | Marco Fuchs Page 15 Analysts’ ratings Date Institute Price Target Recommendation November 2014 Commerzbank 22.00 Hold October 2014 HSBC Trinkaus & Burkhardt 24.00 Overweight August 2014 WGZ Bank 26.00 Buy August 2014 DZ Bank 27.00 Buy February 2014 Bankha
Slide 16: Financial calendar 2014/2015
Appendix Analysts’ conference call 9M/2014 | Marco Fuchs Page 16 Financial calendar 2014/2015 November 26, 2014 Analyst presentation at Deutsches Eigenkapitalforum, Frankfurt/Main February 19, 2015 Capital Market Day March 19, 2015 Annual press conference / release of annual report 2014 May 13, 2015
Slide 17: Contact
Contact Analysts’ conference call 9M/2014 | Marco Fuchs Page 17 Contact CEO Marco R. Fuchs +49-421-2020-664 marco.fuchs@ohb.de IR Martina Lilienthal +49-421-2020-720 martina.lilienthal@ohb.de ir@ohb.de +49-421-2020-613 ohb.de OHB AG Karl-Ferdinand-Braun-Straße 8 28359 Bremen GERMANY OHB AG