Slide 1: 9m Results 2015
1 9m RESULTS 2015 30 OCTOBER 2015 Harald Wilhelm I Chief Financial Officer
Slide 2: Safe Harbour Statement
2 SAFE HARBOUR STATEMENT Disclaimer This presentation includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking
Slide 3: 9M 2015 Results: Group Highlights
3 9M 2015 RESULTS Group Highlights Divisional Highlights Guidance 2015
Slide 4: 9M 2015 Highlights
4 9M 2015 HIGHLIGHTS 9m financials confirm 2015 guidance Robust commercial aircraft market: FY Book-to-Bill > 1 already secured Airbus backlog and supply chain support Single Aisle rate increase to 60 a/c per month in mid-2019 Strong focus on programme execution Share Buyback of € 1 bn lau
Slide 5: 9M 2015 Commercial Environment
5 9M 2015 COMMERCIAL ENVIRONMENT Airbus Group Airbus Group Order Intake* by Segment (by value) Order Book* by Region (by value) Airbus D&S Other countries 7% Latin America Airbus Helicopters 9% 4% 6% 31% Asia Pacific Middle-East 12% € 112 bn € 967 bn** t/o Defence: € 6 bn t/o Defence: € 38 bn 19% Ai
Slide 6: 9M 2015 Financial Performance
6 9M 2015 FINANCIAL PERFORMANCE Revenues EBIT* before one-off 6.7% 6.2% 4,07 61 62 58 3,57 6.5% 6.4% in € bn / RoS (%) 6.0% 2,80 43 2,59 39 40 2,32 in € bn 9m'13 FY'13 9m'14 FY'14 9m'15 FY'15 9m'13 FY'13 9m'14 FY'14 9m'15 FY'15 Guidance Guidance EPS** before one-off FCF before M&A 3,50 1,1 3,36 Brea
Slide 7: 9M 2015 Profitability
7 9M 2015 PROFITABILITY EBIT* performance 9m 2015 EBIT* reported +14% 2,80 2,95 9m 2015 one-offs resulting from: 2,59 2,58 € - 360 m $ PDP mismatch / BS Revaluation € - 290 m A400M provision in € bn € + 748 m Sale of Dassault Aviation shares € + 44 m Defence & Space Portfolio EBIT* befor
Slide 8: Currency Hedge Policy
8 CURRENCY HEDGE POLICY • Forward Sales as of Sep. 2015 in US$ bn • Collars as of Sept 2015 25.5* • Forward Sales as of Dec. 2014 4,0 18,9 23,2 22,7 22,5 18.9 6.6 Average hedge rates 2015 2016 2017 2018 2019 and beyond 1.33 1.32 1.31 1.26 1.27 € vs $ : Forwards / Collars*** For remaining 3 months (
Slide 9: 9M 2015 Cash Evolution
9 9M 2015 CASH EVOLUTION in € bn +3.1 +1.6 -3.3 -1.1 -1.6 9,1 Free Cash Flow* before M&A 7,8 -1.8 Net Cash position Gross Cash Flow Change in Working Cash used for M&A ** Dividends, Pensions Net Cash position Dec. 2014 from Operations Capital investing activities & Others *** Sep. 2015 before M&A *
Slide 10: 9M 2015 Results: Divisional Highlights
10 9M 2015 RESULTS Group Highlights Divisional Highlights Guidance 2015
Slide 11: Airbus
11 AIRBUS in € m 9m 2015 9m 2014 Change Deliveries by Programme (units) Order Intake (net) 815 791 +3.0% 1% in units A380 A350 4% Order Book 6,755 5,907 +14.4% Long Range 16% Order Intake (net) 100,061 68,479 +46.1% in value Order Book 914,692 711,825 +28.5% Single Aisle 79% Deliveries (a/c) 446(1)
Slide 12: Airbus Helicopters
12 AIRBUS HELICOPTERS in € m 9m 2015 9m 2014 Change External Revenue Split Order Intake (net) 181 208 -13.0% in units Order Book 837 908 -7.8% Defence Order Intake (net) 4,013 3,281 +22.3% in value 52% 48% Order Book 11,818 11,440 +3.3% Civil Deliveries (a/c) 237 295 -19.7% Revenues 4,423 4,260 +3.8
Slide 13: Airbus Defence & Space
13 AIRBUS DEFENCE & SPACE External Revenue Split in € m 9m 2015 9m 2014 Change Order Intake (net) 8,483 8,227 +3.1% Services 30% Order Book 41,657 43,647 -4.6% Revenues 8,383 8,197 +2.3% 70% Platforms R&D expenses 245 249 -1.6% in % of revenues 2.9% 3.0% EBIT* before one-off 431 370 +16.5% in % of r
Slide 14: 9M 2015 Results: Guidance 2015
14 9M 2015 RESULTS Group Highlights Divisional Highlights Guidance 2015
Slide 15: Guidance 2015
15 GUIDANCE 2015 As the basis for its 2015 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions Airbus deliveries should be slightly higher than in 2014, and the commercial aircraft order book is e
Slide 16: Conclusion
16 CONCLUSION On track for 2015 guidance Healthy commercial aircraft market confirmed, FY target Book-to-Bill > 1 secured Share Buyback € 1 bn Long-term EPS/DPS growth story, further supported by Single Aisle rate increase
Slide 17: Appendix
9M 2015 RESULTS Appendix AIRBUS GROUP
Slide 18: Expected Airbus Group Average Hedge Rates € vs. $
18 EXPECTED AIRBUS GROUP AVERAGE HEDGE RATES € VS. $ Active exposure management 1.38 1.37 1.36 1.36 1.35 Average 1.35 Hedge Rates 1.35 FY 2014 1.35 1.34 * 1.34 FY 2015 E 1.34 1.33 1.33 1.32 Q1 Q2 Q3 Q4 FY 2014 2015 E * Q3 2015 Actual
Slide 19: 9M 2015 Forex EBIT Impact Bridge
19 9M 2015 FOREX EBIT* IMPACT BRIDGE in € bn Bridge Hedge rates ($/€ 1.35 to $/€ 1.35) 0.02 Other one-off forex effect including PDP reversal (0.35) Compared to 9m 2014 (0.33) * Pre-goodwill impairment and exceptionals
Slide 20: 9M 2015 Detailed Income Statement and Adjustments
20 9M 2015 DETAILED INCOME STATEMENT AND ADJUSTMENTS thereof thereof Impact on EBIT* in € m Goodwill Financial 9m 2015 * 9m 2015 Impair. 9m 2015 * OPERATIONAL HQ FX *** Result before & FV dep. one-off one-off Defence & Space ** Dassault sale EBIT 2,922 (24) 2,946 (246) 748 (360) 2,804 in % of revenu
Slide 21: 9M 2014 Detailed Income Statement and Adjustments
21 9M 2014 DETAILED INCOME STATEMENT AND ADJUSTMENTS thereof thereof Impact on EBIT* Goodwill in € m Financial 9m 2014 * Impair. FX 9m 2014 9m 2014 * result before & Fair one-off one-off one-off value dep. EBIT* 2,549 (34) 2,583 (7) 2,590 in % of revenues 6.3% 6.4% 6.4% Interest income 117 117 117 I
Slide 22: Q3 Key Figures
22 Q3 KEY FIGURES in € m Q3 2015 Q3 2014 Revenues 14,072 13,297 EBIT* before one-off 921 821 EBIT* 717 744 FCF before M&A (726) 180 Order Intake 58,004 50,988 in € m Q3 2015 Q3 2014 Q3 2015 Q3 2014 Q3 2015 Q3 2014 Revenues EBIT* before one-off EBIT* Airbus 10,038 9,391 693 493 478 416 Airbus Helicop
Slide 23: Detailed Free Cash Flow
23 DETAILED FREE CASH FLOW in € m 9m 2015 9m 2014 Net Cash position at the beginning of the period 9,092 8,454 Gross Cash Flow from Operations* 3,146 3,377 Change in working capital** (3,302) (4,168) of which Customer Financing (117) 71 Cash used for investing activities*** 44 (1,329) of which Indus
Slide 24: Net Cash Position
24 NET CASH POSITION in € m Sep. 2015 Dec. 2014 Gross Cash 17,237 16,443 Financing Debts Short-term Financing Debts (3,373) (1,073) Long-term Financing Debts (6,066) (6,278) Reported Net Cash 7,798 9,092 Airbus non-recourse debt 87 46 Net Cash excl. non-recourse 7,885 9,138
Slide 25: Airbus Group: Strong Liquidity Position
25 AIRBUS GROUP: STRONG LIQUIDITY POSITION AS AT 30 SEPTEMBER 2015 € 3.0 bn Credit Facility: Maturity 2020, undrawn Credit Facility (RSCF) Fully committed by 40 banks No financial covenants, no MAC clause Financing Liabilities: € 9.4 bn Short-term: € 3.3 bn Includes € 1.2 bn Commercial Paper and € 1
Slide 26: Customer Financing Exposure
26 CUSTOMER FINANCING EXPOSURE in € m Airbus Airbus Helicopters Sep. 2015 Dec. 2014 Sep. 2015 Dec. 2014 Closing rate € 1 = $ 1.12 $ 1.21 Total Gross Exposure 1,264 1,103 70 81 of which off-balance sheet 61 71 8 9 Estimated value of collateral (973) (743) (28) (37) Net Exposure 291 360 42 44 Provisio
Slide 27: Customer Financing
27 CUSTOMER FINANCING Net Exposure fully provisioned Net Exposure fully provisioned Net Exposure Gross Net Exposure Gross € 0.3 bn € 0.4 bn Exposure Exposure Estimated Estimated € 1.1 bn € 1.3 bn Collateral Collateral € 1.0 bn ($ 1.3 bn) € 0.7 bn ($ 1.4 bn) 31 December 2014 30 September 2015 Additio
Slide 28: Balance Sheet Highlights: Assets
28 BALANCE SHEET HIGHLIGHTS: ASSETS in € m Sep. 2015 Dec. 2014 Non-current Assets 53,265 48,420 of which Intangible & Goodwill 12,634 12,758 of which Property, plant & equipment 16,723 16,321 of which Investments & Financial assets 3,479 5,160 of which positive hedge mark-to-market 977 502 of which
Slide 29: Balance Sheet Highlights: Liabilities
29 BALANCE SHEET HIGHLIGHTS: LIABILITIES in € m Sep. 2015 Dec. 2014 Total Equity 6,387 7,079 of which OCI (Other Comprehensive Income) (3,348) (1,205) of which Non-controlling interests (7) 18 Total Non-current liabilities 46,170 40,846 of which pensions 7,596 7,864 of which other provisions 2,641 2
Slide 30: Shareholding Structure as at September 2015
30 SHAREHOLDING STRUCTURE AS AT 30 SEPTEMBER 2015 Free Float 0,1% 4,1% • Institutional Investors & Retail 74.0% 10,9% 10,9% Shareholder Agreement • SOGEPA • GZBV 25.9% 74,0% • SEPI Treasury shares • Treasury shares (without economic or voting rights) 0.1% 787,730,114 shares issued as at 30 Septemb
Slide 31: Quarterly Order Intake Breakdown (Cumulative)
31 QUARTERLY ORDER INTAKE BREAKDOWN (CUMULATIVE) in € m Q1 H1 9m FY 2015 2014 2015 2014 2015 2014 2015 2014 Airbus 17,217 17,938 46,334 22,880 100,061 68,479 150,085 Airbus Helicopters 1,428 1,202 2,726 2,183 4,013 3,281 5,469 Airbus Defence & Space 2,390 2,068 5,371 3,831 8,483 8,227 12,225 HQ / El
Slide 32: Quarterly Order Book Breakdown (Cumulative)
32 QUARTERLY ORDER BOOK BREAKDOWN (CUMULATIVE) in € m Q1 H1 9m FY 2015 2014 2015 2014 2015 2014 2015 2014 Airbus 901,565 628,910 875,018 625,620 914,692 711,825 803,633 Airbus Helicopters 12,371 12,439 12,004 11,802 11,818 11,440 12,227 Airbus Defence & Space 41,854 42,588 41,683 41,566 41,657 43,64
Slide 33: Quarterly Revenues Breakdown (Cumulative)
33 QUARTERLY REVENUES BREAKDOWN (CUMULATIVE) in € m Q1 H1 9m FY 2015 2014 2015 2014 2015 2014 2015 2014 Airbus 8,565 8,937 21,081 19,429 31,119 28,820 42,280 Airbus Helicopters 1,285 1,182 2,950 2,801 4,423 4,260 6,524 Airbus Defence & Space 2,603 2,743 5,531 5,516 8,383 8,197 13,025 HQ / Elim. (375
Slide 34: Quarterly EBIT* Breakdown (Cumulative)
34 QUARTERLY EBIT* BREAKDOWN (CUMULATIVE) in € m Q1 H1 9m FY 2015 2014 2015 2014 2015 2014 2015 2014 Airbus 419 546 1,424 1,357 1,902 1,773 2,671 Airbus Helicopters 52 58 162 150 241 241 413 Airbus Defence & Space 133 85 (26) 223 149 370 409 HQ / Elim. 637 30 669 109 654 199 547 Airbus Group 1,241 7
Slide 35: Quarterly EBIT* Before One-Off Breakdown (Cumulative)
35 QUARTERLY EBIT* BEFORE ONE-OFF BREAKDOWN (CUMULATIVE) in € m Q1 H1 9m FY 2015 2014 2015 2014 2015 2014 2015 2014 Airbus 569 527 1,533 1,287 2,226 1,780 2,529 Airbus Helicopters 52 58 162 150 241 241 413 Airbus Defence & Space 90 85 267 223 431 370 920 HQ / Elim. (60) 30 (79) 109 (94) 199 204 Airb