Slide 1: Nine-month results 2013 Analysts' conference call
Conference Call November 11, 2013, Bremen Nine-month results 2013 Analysts’ conference call
Slide 2: Financial highlights 9M/2013
9M/2013 Financial highlights 9M/2013 Total revenues up 10 % to a record level of EUR 472.1 million EBIT comes up to EUR 23.9 million (previous year: EUR 22.1 million) Net profit after minorities reaches EUR 13.3 million (+21%) EPS climbs to EUR 0.76 during the first nine month of the year (+21%) Fir
Slide 3: Recent business highlights (I)
Q3/2013 Recent business highlights (I) OHB System signed contract for SARah worth EUR 816 million Subcontract signed with Astrium Contract about launch services signed with SpaceX Kick-off SARah project OHB System signed contract for Electra with SES 64-metre radio telescope inaugurated in Sardinia
Slide 4: Recent business highlights (II)
Q3/2013 Recent business highlights (II) Second Galileo-FOC satellite send to ESA’s test center in Noordwijk CGS selected by the Italian Space Agency for the realization of METIS instrument for Solar Orbiter CGS SpA transfers ground segment activities to Vinci Energies CGS selected to deliver one of
Slide 5: 9M/2013 – The Group
9M/2013 9M/2013 – The Group Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 472 429 368 33.5 35.4 27.5 22.1 23.9 16.4 9M/2011 9M/2012 9M/2013 9M/2011 9M/2012 9M/2013 9M/2011 9M/2012 9M/2013 9M/2013: EBIT margin: 5.1% (previous year 5.2%) EBIT margin of own added value: 8.4% (pre
Slide 6: The Group in brief 9M/2013
9M/2013 The Group in brief 9M/2013 EUR (000) 9M/2012 9M/2013 ∆ Order backlog (September 30) 1,743,434 2,195,594 +26% Total revenues 429,115 472,098 +10% EBITDA 33,533 35,438 +6% EBIT 22,146 23,941 +8% EBT 17,338 20,164 +16% Net profit after minorities 10,998 13,293 +21% EPS (EUR) 0.63 0.76 +21% OHB
Slide 7: Cash Flow
9M/2013 Cash Flow EUR (000) 9M/2012 9M/2013 Net inflow/outflow of funds from operating activities 13,126 -16,303 Net outflow of funds due to investment activities -6,157 -5,406 Net outflow of funds for financing activities -14,900 -813 Change in liquid funds -7,931 -22,522 Others -93 61 Liquid funds
Slide 8: Assets
9M/2013 Assets EUR (000) 12/31/2012 09/30/2013 ∆ Non-current assets 150,778 151,821 +1,043 Property, plant and equipment 70,776 69,183 -1,593 Other financial assets 17,966 20,498 +2,532 Long-term securities 5,418 1,611 -3,807 Others 56,618 60,529 +3,911 Current Assets 387,980 429,964 +41,984 Invento
Slide 9: Shareholders' equity and liabilities
9M/2013 Shareholders‘ equity and liabilities EUR (000) 12/31/2012 09/30/2013 ∆ Equity 117,358 125,955 +8,597 Non-current liabilities and provisions 186,719 184,587 -2,132 Provisions for pensions 92,811 93,609 +0,798 Non-current advance payments 32,316 21,208 -11,108 Others 61,592 69,770 +8,178 Curre
Slide 10: 9M/2013 – Space Systems
9M/2013 9M/2013 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 314 281 25.3 20.8 20.7 16.4 9M/2012 9M/2013 9M/2012 9M/2013 9M/2012 9M/2013 9M/2013: EBIT margin: 6.6% (previous year 5.8%) EBIT margin of own added value: 15.4% (previous year 13.8%) OHB AG / Confer
Slide 11: 9M/2013 – Aerospace + Industrial Products
9M/2013 9M/2013 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 163 154 12.6 10.1 5.7 3.2 9M/2012 9M/2013 9M/2012 9M/2013 9M/2012 9M/2013 9M/2013: EBIT margin: 2.0% (previous year 3.7%) EBIT margin of own added value: 2.1% (previous year 4.1%) O
Slide 12: Financial Outlook 2013 – Guidance from February 2013 confirmed
OUTLOOK 2013 Financial Outlook 2013 – Guidance from February 2013 confirmed Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) >700 633 555 >53 43 46 31 >36 27 2011 2012 2013G 2011 2012 2013G 2011 2012 2013G +14% +11% +7% +15% +15% +16% OHB AG / Conference Call / November 11, 2013
Slide 13: Shareholders' structure
APPEN DIX Shareholders’ structure As of November, 2013 0.46% 29.82% 69.72% Fuchs Pool (12,178,720 shares) Free Float (5,208,880 shares) Treasury Stock (80,496 shares) OHB AG / Conference Call / November 11, 2013 Page 13
Slide 14: The stock at a glance
APPEN DIX The stock at a glance The stock at a glance / EUR 9M/2012 9M/2013 High, Xetra 14.90 18.20 Low, Xetra 11.16 14.76 Closing price, Xetra 14.68 17.91 Average daily trading volumes (Xetra + floor) 10,843 14,121 Market capitalization, Xetra 256 million 313 million Number of shares 17,468,096 17,
Slide 15: Analysts' ratings
APPEN DIX Analysts’ ratings Date Institute Price Target Recommendation November 2013 Commerzbank EUR 22.00 Buy October 2013 HSBC Trinkaus & Burkhardt EUR 21.00 Overweight September 2013 Bankhaus Lampe EUR 22.00 Buy August 2013 WGZ Bank EUR 20.50 Buy August 2013 DZ Bank EUR 20.00 Buy OHB AG / Confere
Slide 16: Financial calendar 2013/2014
APPEN DIX Financial calendar 2013/2014 November 12 Analysts‘ presentation Deutsches Eigenkapitalforum, Frankfurt/Main February 13, 2014 Capital Market Day March 20, 2014 Annual report / annual accounts press conference, Bremen March 20, 2014 Analysts’ conference, Frankfurt/Main May 15, 2014 Three-mo
Slide 17: Contact
C O N TA C T Contact CEO Marco R. Fuchs +49-421-2020-664 IR Martina Lilienthal +49-421-2020-720 ir@ohb.de +49-421-2020-613 ohb.de OHB AG / Conference Call / November 11, 2013 Page 17