Slide 1: Analysts Conference Q2/Six-Month Results 2022
ANALYSTS CONFERENCE | Q2/SIX-MONTH RESULTS 2022 AUGUST 11, 2022 MARCO FUCHS, CEO KURT MELCHING, CFO DR. LUTZ BERTLING, CSDO/CDO ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW JULY 2022: OHB INFOSYS RENAMED TO OHB INFORMATION TECHNOLOGY SERVICES GMBH ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 2
Slide 3: Shareholder Structure
SHAREHOLDER STRUCTURE ESTABLISHMENT OF THE FUCHS FAMILY FOUNDATION (CURRENTLY IN PREPARATION) Total issued capital - 17,468,096 shares Creating a sustainably stable and secure ownership structure Marco and Christa Fuchs will transfer their shares in full to a newly established family foundation 5,
Slide 4: Strategy: OHB 2025 – Shaping the Future
STRATEGY: OHB 2025 – SHAPING THE FUTURE Scope Growth End-to-end space system provider Organic and inorganic growth Develop downstream portfolio M&A focus on downstream Extend satellites and systems portfolio Extend footprint in commercial market Extend rocket customer base, full launch
Slide 5: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS OHB selected to provide the instrument of FORUM Mission ESA’s 9th Earth Explorer Objective: Measurement of the entire far-infrared spectrum of electromagnetic radiation emitted from Earth Launch expected for 2027 OHB’s part Contribution of the innovative
Slide 6: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS Contracts for promising early-stage studies received SARah Next Generation SARah and its predecessor system SAR-Lupe realized by OHB Development of concepts for a successor started in H1 2022 Improvements for InnoSat platform Demonstration of improved and a
Slide 7: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE MT Aerospace (MTA) further expands its future-oriented capabilities Carbon fiber-reinforced parts (CFRP) for Ariane 6 improvements Project PHOEBUS: New upper stage made entirely from CFRP MTA contributes a world first development as its part of the project Launcher
Slide 8: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE Rocket Factory Augsburg successfully completed long-duration hot-fire test Three tests conducted 74 seconds of stable combustion in total Take-aways regarding the engine design: High durability No hardware replacements were necessary between ignitions Proven
Slide 9: Segment Highlights: Digital
SEGMENT HIGHLIGHTS DIGITAL OHB asserts its position as a leading supplier for German railway infrastructure Deutsche Bahn’s ongoing digitalization efforts require new security measures Opens up the new business area of cybersecurity for OHB OHB Teledata will supply an in-house- developed end-t
Slide 10: Segment Highlights: Digital
SEGMENT HIGHLIGHTS DIGITAL OrbitSailor extends OHB’s footprint in the downstream services market Based on data service launched by LuxSpace in 2011 Offers AIS-data from ~ 250.000 vessels per day to institutional and commercial customers Different subscription tiers offer various value-added-se
Slide 11: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2100 2121 1700 1840 1846 1600 1600 1200 1000 834 534 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 6m 2022 ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 11
Slide 12: The Group in Brief
THE GROUP IN BRIEF IN EUR 000 6m 2022 6m 2021 Change in % Order backlog (June 30) 1,846,464 2,482,510 -26 Total revenues 442,819 402,057 +10 EBITDA 42,836 39,299 +9 EBIT 25,439 21,409 +19 EBT 23,928 18,936 +26 Net profit after minorities 15,291 12,322 +24 EPS (EUR) 0.88 0.71 +24 Employees (June 30)
Slide 13: Development of Financial Ratios for the Group
DEVELOPMENT OF FINANCIAL RATIOS FOR THE GROUP IN EUR MILLION Total revenues EBITDA & EBIT 443 42.8 402 39.3 25.4 21.4 EBITDA EBIT 6m 2021 6m 2022 6m 2021 6m 2022 6m 2022 EBIT margin: 5.7 % (6m 2021: 5.3 %) ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 13
Slide 14: Space Systems
SPACE SYSTEMS IN EUR MILLION Total revenues EBITDA & EBIT 365 28.9 30.1 326 17.4 15.2 EBITDA EBIT 6m 2021 6m 2022 6m 2021 6m 2022 6m 2022 EBIT margin: 4.8 % (6m 2021: 4.7 %) ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 14
Slide 15: Aerospace
AEROSPACE IN EUR MILLION Total revenues EBITDA & EBIT 54 6.7 40 3.2 EBITDA EBIT -1.7 -4.8 6m 2021 6m 2022 6m 2021 6m 2022 6m 2022 EBIT margin: 5.9 % (6m 2021: -11.9 %) ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 15
Slide 16: Digital
DIGITAL IN EUR MILLION Total revenues EBITDA & EBIT 52 11.7 49 10.7 6.1 EBITDA 4.9 EBIT 6m 2021 6m 2022 6m 2021 6m 2022 6m 2022 EBIT margin: 10.1 % (6m 2021: 20.7 %) ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 16
Slide 17: Financial Guidance & Outlook 2022-2025
FINANCIAL GUIDANCE & OUTLOOK 2022-2025 IN EUR MILLION Actual Guidance + Outlook Total revenues 1550 1418 1310 1205 1000 1030 901 917 860 2017 2018 2019 2020 2021 2022 2023 2024 2025 Guidance 2022 (released in January 2022) confirmed by the Management Board on this occasion ANALYSTS CONFERENCE – Q2/S
Slide 18: Financial Guidance & Outlook 2022-2025
FINANCIAL GUIDANCE & OUTLOOK 2022-2025 IN EUR MILLION Actual Guidance + Outlook EBITDA 166 135 115 84 97 65 78 77 59 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT CAGR: 27 % 124 96 77 48 49 60 44 42 47 2017 2018 2019 2020 2021 2022 2023 2024 2025 Guidance 2022 (released in January 2022) confirme
Slide 19: Assets
ASSETS IN EUR 000 June 30 2022 December 31 2021 Change in % Non-current assets 379,105 378,027 0 Property, plant and equipment 107,009 104,679 +2 Rights of use from leasing agreements 47,989 52,433 -8 Other intangible assets 123,267 125,160 -2 Others 100,840 95,755 +5 Current assets 719,058 582,820
Slide 20: Shareholder's Equity and Liabilities
SHAREHOLDER‘S EQUITY AND LIABILITIES IN EUR 000 June 30 2022 December 31 2021 Change in % Equity 277,519 252,621 +10 Non-current liabilities and provisions 198,953 250,375 -21 Provisions for pensions 81,078 104,255 -22 Leasing liabilities 38,062 42,677 -11 Deferred tax liabilities 50,512 52,254 -3 O
Slide 21: Financial Ratios
FINANCIAL RATIOS IN EUR MILLION 6m 2022 3m 2022 FY 2021 9m 2021 6m 2021 Free cash flow -137 -89 -15 -83 -74 Net debt 292 251 164 227 212 Net debt ex pensions 211 155 60 122 107 CAPEX (incl. financial assets) 11 3 23 14 9 Own work capitalized (additions) 4 2 16 6 5 ROCE 10 % 9% 12 % 10 % 11 % ANALYST
Slide 22: Development of the Ratio Net Debt
DEVELOPMENT OF THE RATIO NET DEBT AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 292 251 227 212 211 164 155 122 107 60 6m 2021 9m 2021 FY 2021 3m 2022 6m 2022 Net debt Net debt ex pensions ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 22
Slide 23: Development of Investment Spending
DEVELOPMENT OF INVESTMENT SPENDING AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 23 16 14 11 9 6 5 4 3 2 6m 2021 9m 2021 FY 2021 3m 2022 6m 2022 CAPEX Own work capitalised ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 23
Slide 24: Development of Free Cash Flow and ROCE
DEVELOPMENT OF FREE CASH FLOW AND ROCE AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD Free cash flow in EUR million ROCE in % 14 12 -15 10 8 -74 6 -83 -89 4 2 -137 0 6m 2021 9m 2021 FY 2021 3m 2022 6m 2022 6m 2021 9m 2021 FY 2021 3m 2022 6m 2022 ANALYSTS CONFERENCE – Q2/SIX-MONTH RE
Slide 25: Expected Key Sources for Future News Flow (1)
EXPECTED KEY SOURCES FOR FUTURE NEWS FLOW (1) ESA Ministerial Conference in November Applications – Earth observation Next generation of the Copernicus program EE10 (Harmony) Applications – Telecommunications Quantum Key Distribution (SAGA) HydRON European secure communication constell
Slide 26: Expected Key Sources for Future News Flow (2)
EXPECTED KEY SOURCES FOR FUTURE NEWS FLOW (2) ESA Ministerial Conference in November Space Safety HERA Vigil Magnetograph Flyeye 2nd generation telescope (to be followed by a series) Space debris removal Advancements in in-orbit servicing Enabling & Support Independent access to spac
Slide 27: Expected Key Sources for Future News Flow (3)
EXPECTED KEY SOURCES FOR FUTURE NEWS FLOW (3) Special fund for the German Federal Ministry of Defence (FMoD) amounting to EUR 100 billion approved in June Separated from annual budget Flexible usage in the upcoming years is possible Chancellor Scholz reassured that future annual defence expend
Slide 28: Financial Calendar 2022/2023
FINANCIAL CALENDAR 2022/2023 August 11, 2022 6-Month report/Analysts conference September 6, 2022 Commerzbank/ODDO Corporate Conference, Frankfurt am Main September 8-9, 2022 Berenberg Pan-EU Discovery Conference, St. Julian’s, Malta November 10, 2022 9-Month report/Analysts conference November 22,
Slide 29: Q&A
Q&A ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 29
Slide 30: Thank You!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 7200 Fax: +49 421 2020 613 Email: ir@ohb.de Web: www.ohb.de ANALYSTS CONFERENCE – Q2/SIX-MONTH RESULTS 2022 // AUGUST 11, 2022 30