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Dassault Aviation Sa — H1 2008 Earnings Presentation

24 slides from Dassault Aviation Sa's earnings presentation, Aug 28, 2008

  1. Slide 1: Dassault Aviation Group First Half-Year 2008 Results

    DASSAULT AVIATION GROUP FIRST HALF-YEAR 2008 RESULTS CONFERENCE - AUGUST 28th, 2008 Charles EDELSTENNE Chairman and Chief Executive Officer CONFERENCE - AUGUST 28th, 2008 1

  2. Slide 2: Presentation Contents

    PRESENTATION CONTENTS PAGE FIRST HALF-YEAR 2008 SIGNIFICANT EVENTS 3 PRODUCT LINE 7 CONSOLIDATED ORDERS 12 CONSOLIDATED SALES 15 CONSOLIDATED ORDER BOOK 18 CONSOLIDATED BALANCE SHEETS & INCOME STATEMENTS 20 CONFERENCE - AUGUST 28th, 2008 2

  3. Slide 3: First Half-Year 2008 Significant Events

    FIRST HALF-YEAR 2008 SIGNIFICANT EVENTS CONFERENCE - AUGUST 28th, 2008 3

  4. Slide 4: First Half-Year 2008 Significant Events (1/2)

    FIRST HALF-YEAR 2008 SIGNIFICANT EVENTS (1/2) Falcon 900LX launching CONFERENCE - AUGUST 28th, 2008 4

  5. Slide 5: Falcon 900LX

    FALCON 900LX • FALCON 900EX + winglets • Flight range : 4,800 NM (vs 4,500 NM for FALCON 900EX) • Certification and deliveries: 2010 • Replaces FALCON 900EX CONFERENCE - AUGUST 28th, 2008 5

  6. Slide 6: First Half-Year 2008 Significant Events (2/2)

    FIRST HALF-YEAR 2008 SIGNIFICANT EVENTS (2/2) 2 Rafale Marine landing on and catapult launch from the USS Harry Truman aircraft carrier CONFERENCE - AUGUST 28th, 2008 6

  7. Slide 7: Product Line

    PRODUCT LINE CONFERENCE - AUGUST 28th, 2008 7

  8. Slide 8: Rafale - Omnirole

    RAFALE - Omnirole • A 294 aircraft program • First RAFALE Marine delivered in 1999 • First RAFALE Air delivered in 1999 • 120 aircraft ordered (including 8 in options) CONFERENCE - AUGUST 28th, 2008 8

  9. Slide 9: nEUROn - European Program of UCAV Demonstrator

    nEUROn - European Program of UCAV Demonstrator • Maintain & improve skills of the French and European industry. • Show in flight: great furtivity, autonomy, supervised by station ground, weapon delivery from internal bay. • Detailed definition works in progress. Realization stage launched in April 2

  10. Slide 10: Falcon Range

    FALCON RANGE FALCON 2000 DX FALCON 2000EX FALCON 2000LX 3 250 NM - Bijet 3 800 NM - Bijet 4 000 NM - Bijet 8 to 14 passengers 8 to 14 passengers 8 to 14 passengers FALCON 900DX FALCON 900LX FALCON 7X 4 100 NM - Trijet 4 800 NM - Trijet 5 950 NM - Trijet 12 to 19 passengers 12 to 19 passengers 12 to

  11. Slide 11: Falcon 7X

    FALCON 7X • 13 aircraft delivered • Order book : 235 units as of 06/30/2008 CONFERENCE - AUGUST 28th, 2008 11

  12. Slide 12: Consolidated Orders

    CONSOLIDATED ORDERS CONFERENCE - AUGUST 28th, 2008 12

  13. Slide 13: Consolidated Orders

    CONSOLIDATED ORDERS (Billion Euros) 6.26 FALCON 6 DEFENSE EXPORT 5.29 DEFENSE France 5 4 5.38 86% 3.03 3 4.76 90% 2.39 2 2.48 82% 1.89 79% 1 0.24 4% 0.10 3% 0.14 3% 0.14 6% 0.39 7% 0.64 10% 0.45 15% 0.36 15% 0 1st half-year 2006 2007 2007 2008 % export 90% 89% 84% 84% CONFERENCE - AUGUST 28th, 2008

  14. Slide 14: Group - Falcon Orders

    GROUP - FALCON ORDERS (in units) 212 including NetJets 200 9 158 150 24 123 1 100 90 87 87 72 12 73 72 69 23 16 50 34 40 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2007 2008 1st half-year CONFERENCE - AUGUST 28th, 2008 14

  15. Slide 15: Consolidated Sales

    CONSOLIDATED SALES CONFERENCE - AUGUST 28th, 2008 15

  16. Slide 16: Consolidated Sales

    CONSOLIDATED SALES (Billion Euros) 4.08 FALCON 4 DEFENSE Export 3.30 DEFENSE France 3 2.35 57% 2.05 62% 2 1.79 1.54 0.85 21% 1.03 57% 1 0.28 8% 1.10 71% 0.97 30% 0.37 21% 0.88 22% 0.16 10% 0.39 22% 0.28 19% 0 st 1 half-year 2006 2007 2007 2008 % export 67% 77% 76% 80% CONFERENCE - AUGUST 28th, 2008

  17. Slide 17: Group - Falcon Deliveries

    GROUP - FALCON DELIVERIES (in units) 80 75 69 71 70 70 66 63 61 60 49 51 50 40 34 29 30 20 10 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2007 2008 1st half-year CONFERENCE - AUGUST 28th, 2008 17

  18. Slide 18: Consolidated Order Book

    CONSOLIDATED ORDER BOOK CONFERENCE - AUGUST 28th, 2008 18

  19. Slide 19: Consolidated Order Book as of 06/30/2008

    CONSOLIDATED ORDER BOOK AS OF 06/30/2008 ORDER BOOK: 15.84 Billion Euros (vs 14.99 as of 12/31/2007) DEFENSE France 18% DEFENSE Export 4% FALCON 78% CONFERENCE - AUGUST 28th, 2008 19

  20. Slide 20: Balance Sheets & Income Statements

    CONSOLIDATED BALANCE SHEETS & INCOME STATEMENTS CONFERENCE - AUGUST 28th, 2008 20

  21. Slide 21: Consolidated Balance Sheets

    CONSOLIDATED BALANCE SHEETS (Million Euros) 12/31/2007 06/30/2008 NON-CURRENT ASSETS (*) 4,209 4,248 INVENTORIES AND WORK-IN-PROGRESS 3,004 3,470 TRADE & OTHER RECEIVABLES 501 367 ADVANCES & PROGRESS PAYMENTS TO SUPPLIERS 89 145 HEDGING INSTRUMENTS 513 526 CASH & CASH EQUIVALENTS 1,265 1,355 TOTAL A

  22. Slide 22: Consolidated Net Cash

    CONSOLIDATED NET CASH (Billion Euros) 5 4.70 4.56 4 3.50 3.28 3 2.65 2 1 0 12/31/2004 12/31/2005 12/31/2006 12/31/2007 06/30/2008 Net Cash = Cash & cash equivalents (at fair value) + securities available for sale (at fair value) - financial debts CONFERENCE - AUGUST 28th, 2008 22

  23. Slide 23: Consolidated Income Statements

    CONSOLIDATED INCOME STATEMENTS (Million Euros) 2007 2007 2008 1st half- half-year 1st half- half-year NET SALES 4,085 1,790 1,544 NET OPERATING INCOME (*) 503 231 202 NET FINANCIAL INCOME 62 30 29 CORPORATE INCOME TAX (183) (77) (64) CONSOLIDATED NET INCOME 382 184 167 ATTRIBUTABLE NET INCOME 382 18

  24. Slide 24: Dassault Aviation Group First Half-Year 2008 Results

    DASSAULT AVIATION GROUP FIRST HALF-YEAR 2008 RESULTS CONFERENCE - AUGUST 28th, 2008 Charles EDELSTENNE Chairman and Chief Executive Officer CONFERENCE - AUGUST 28th, 2008 24

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