Slide 1: Six-Month Results 2012 Analysts’ Conference Call
Conference Call August 9, 2012, Bremen Six-Month Results 2012 Analysts’ Conference Call
Slide 2: Financial highlights
Highlights 6M/2012 Financial highlights Total revenues for the six months 2012 increased to around EUR 284 million (previous year EUR 238 Mio.) Operating profit (EBITDA) came to EUR 22.5 million (previous year EUR 16.1 million) EBIT of EUR 15.0 million (previous year EUR 9.0 million) and EPS o
Slide 3: Business highlights
Highlights 6M/2012 Business highlights OHB System and ESA signed contract for further eight Galileo FOC (full operational capability) navigation satellites (volume: EUR 256 million) OHB and Thales Alenia Space signed Meteosat Third Generation contracts worth EUR 750 million Contract signed by
Slide 4: 6M/2012 – The Group
Financials 6M/2012 6M/2012 – The Group Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 284 238 22.5 16.1 15.0 9.0 6M/2011 6M/2012 6M/2011 6M/2012 6M/2011 6M/2012 6M/2012: EBIT margin: 5.3% (previous year 3.8%) EBIT margin i off own added dd d value: l 8 8.9% 9% ((previous i
Slide 5: The Group in brief 6M/2012
Financials 6M/2012 The Group in brief 6M/2012 The Group in brief 6M/2012 / EUR (000) 6M/2012 6M/2011 Δ Order backlog (June 30) 1,841,890 1,206,921 +53% Total revenues 283,868 238,396 +19% EBITDA 22,541 16,065 +40% EBIT 15,035 9,007 +67% EBT 11 843 11,843 5 912 5,912 +100% Net profit after minorities
Slide 6: Cash Flow
Financials 6M/2012 Cash Flow Cash flow statement 6M/2012 / EUR (000) 6M/2012 6M/2011 Net inflow/outflow of funds from operating activities 48,547 -41,528 Net outflow of funds due to investment activities -4,558 -3,020 Net outflow/inflow of funds for financing activities -12,913 4,241 Change in liqui
Slide 7: Assets
Financials 6M/2012 Assets Assets / EUR (000) 6/30/2012 12/31/2011 Δ Non-current assets 141,815 140,537 +1,278 Property, plant and equipment 67,833 68,707 -874 Other financial assets , 17,177 15,793 , , +1,384 Long-term securities 5,376 5,334 +42 Others 51,429 50,703 +726 Current Assets 444,473 387,7
Slide 8: Shareholders‘ equity and liabilities
Financials 6M/2012 Shareholders‘ equity and liabilities Shareholders‘ equity and liabilities / EUR (000) 6/30/2012 12/31/2011 Δ Equity 115,818 113,577 +2,241 Non-current liabilities and p provisions 183,719 , 208,624 , -24,905 , Provisions for pensions 82,005 81,676 +329 Non-current advance payments
Slide 9: 6M/2012 – Space Systems
Financials 6M/2012 6M/2012 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 185 153 11.2 13.4 8.6 10.5 6M/2011 6M/2012 6M/2011 6M/2012 6M/2011 6M/2012 6M/2012: EBIT margin: 5.7% (previous year 5.6%) EBIT margin i off own added dd d value: l 14 14.1% 1% ((previ
Slide 10: 6M/2012 – Aerospace + Industrial Products
Financials 6M/2012 6M/2012 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 103 90 9.0 4.9 4.5 0.4 6M/2011 6M/2012 6M/2011 6M/2012 6M/2011 6M/2012 6M/2012: EBIT margin: 4.4% (previous year 0.5%) EBIT margin i off own added dd d value: l 4 4.8
Slide 11: Outlook 2012 business units in detail
Outlook 2012 Outlook 2012 business units in detail Space Systems Satellite developments in progress: Galileo MTG Galileo, MTG, EnMAP, EnMAP EDRS, EDRS SmallGEO Study phases started: Heinrich Hertz (A/B1), CarbonSat (B1), OPSIS (A/B1) Proposal preparation for SAR Lupe Next Generation Aerospace
Slide 12: Guidance Group 2012
Outlook 2012 Guidance Group 2012 Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) >620 555 >46 43 >30 30 27 2011 2012E 2011 2012E 2011 2012E Guidance from February 2012 confirmed OHB AG / Conference Call / August 9, 2012 12
Slide 13: Business Units
Appendix Business Units OHB AG / Conference Call / August 9, 2012 Page 13
Slide 14: Shareholders’ structure
Appendix Shareholders’ structure As of June 30, 2012 OHB AG / Conference Call / August 9, 2012 Page 14
Slide 15: The stock at a glance
Appendix The stock at a glance The stock at a glance / EUR 6M/2012 6M/2011 High, Xetra 14.60 17.45 Low, Xetra 11.16 10.82 Closing price, Xetra 12.735 12.79 Average daily trading volumes (Xetra + floor) 10,257 25,630 M k t capitalization, Market it li ti X t Xetra 222 million illi 223 million illi Nu
Slide 16: Analysts’ ratings
Appendix Analysts’ ratings Analysts’ ratings Date Institute Price Target Recommendation August 2012 Commerzbank EUR 16.00 Buy July 2012 DZ BANK EUR 18.00 Buy July 2012 Bankhaus Lampe EUR 19.00 Buy June 2012 VISCARDI EUR 15.00 Buy M h 2012 March WGZ BANK EUR 17 17.40 40 B Buy HSBC Trinkaus & February
Slide 17: Calendar of events 2012
Appendix Calendar of events 2012 Calendar of events 2012 Event Date Six-month report / conference call August 9, 2012 Commerzbank Sector Conference Week, Frankfurt/Main August 31, 2012 UniCredit German Investment Conference, Munich September 25, 2012 Nine-month report / conference call November 8, 2
Slide 18: Contact
Contact Contact CEO Marco R. Fuchs +49-421-2020-664 IRO Michael Vér +49-421-2020-727 Email: ir@ohb.de Internet: http://www.ohb.de Fax: +49-421-2020-613 OHB AG / Conference Call / August 9, 2012 Page 18