Airbus Se · EURONEXT:AIR
Airbus — Non-Deal Roadshow (September 2017)
29 slides from Airbus's roadshow presentation, Sep 18, 2017
Slide 1: Airbus Private Wealth Roadshow
AIRBUS Private Wealth Roadshow London September 18th, 2017
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT 2 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: Company Overview
COMPANY OVERVIEW 3 Airbus is an international pioneer in the aerospace industry. We are a leader in designing, manufacturing, and delivering aerospace products, services and solutions to customers on a global scale. A commercial aircraft manufacturer with two other Divisions – Defence and Space and
Slide 4: Airbus Today (FY 2016 Figures)
AIRBUS TODAY (FY 2016 FIGURES) 4 Airbus External Revenue Split by Division (as of 31/12/16) In € million Commercial Defence and as of 31 Dec 2016 Airbus Helicopters Aircraft Space 18% Order book 1,060,447 1,010,200 11,269 41,499 Revenues 66,581 49,237 6,652 11,854 9% € 67 bn t/o defence: R&D Expense
Slide 5: Airbus: A Truly Global Company
AIRBUS: A TRULY GLOBAL COMPANY 5 Germany External Revenues UK 46,713 (35%)* 12,020 (9%)* France 47,963 (36%)* 32% Europe 68% Non-Europe 12,000 Suppliers from China USA 408* more than100 countries 2,829 (2%)* Spain 12,682 (9%)* Airbus Order Book* by Region Other countries (by value) 11 575 (9%)* * Nu
Slide 6: Our Strategy
OUR STRATEGY 6 Position as a leader Utilise strategic levers Deliver the results accordingly • Strengthen market • Exploit incremental • Focus on profitability, position and profitability, innovation potential within value creation, and while remaining a leader in product programmes, while market po
Slide 7: Commercial Aircraft
7 COMMERCIAL AIRCRAFT Employees Order Backlog 2016 54,000 6,874 aircraft Net Orders in 2016 2016 Revenues € 49.24 bn 731 aircraft Deliveries in 2016 Aircraft delivered 10,200 688
Slide 8: Commercial Aircraft Market Outlook
COMMERCIAL AIRCRAFT MARKET OUTLOOK 8 Traffic Forecast Air traffic doubles every 15 years Airbus traffic forecast: 4.4% per annum Nearly 70% of traffic growth to come from existing network Propensity to travel in emerging regions catching up with developed markets Fleet Forecast 34,900 new aircraft b
Slide 9: Commercial Aircraft Backlog and Deliveries
COMMERCIAL AIRCRAFT BACKLOG AND DELIVERIES 9 Airbus backlog* well aligned with regional needs and Over 10 years production in backlog demand forecast in units 6,831 6,874 6,386 5,559 4,682 x10 Europe & CIS 4,437 North Asia America 15% / 24% 3,552 Pacific 3,715 9% / 16% 3,488 688 Middle 29% / 42% 3,4
Slide 10: The Most Comprehensive Product Line for Any Market
THE MOST COMPREHENSIVE PRODUCT LINE FOR ANY MARKET 10 A380: 317 orders Capacity to capture traffic growth A350XWB: 848 orders Long-range and ultra-long haul routes A330 Family: 1,688 orders Flying from 30 minutes to over 15 hours A320 Family: 13,251 orders including 5,168 neo Up to 240 passengers, f
Slide 11: Helicopters
HELICOPTERS 11 No.1civil helicopter Helicopters in operation worldwide manufacturer in the world Around 12,000 helicopters in 154 countries Largest civil and 2016 Order Book military helicopter range in the world € 11.3 bn Employees Leadership in the civil market 22,500 47% (based on deliveries) 201
Slide 12: The Widest Range of Military and Civil Helicopters in the World
THE WIDEST RANGE OF MILITARY AND CIVIL HELICOPTERS IN THE WORLD 12 Civil & Parapublic Military Demand impacted by softness Military market supported by MARKET in Oil & Gas growing Defence budgets Long term market potential Successful campaigns in 2016 Urban Air Mobility new market Product renewal st
Slide 13: Defence and Space
DEFENCE AND SPACE 13 Military Aircraft, total orders by No.1 European end 2016 defence and space company 1,928 aircraft Employees 1,400 accumulated years 34,400 in orbit since 1965 by our satellites 2016 Revenues € 11.9 bn 18 armed forces worldwide served by our satellite communications 2016 Order B
Slide 14: Successful Business Repositioning
SUCCESSFUL BUSINESS REPOSITIONING 14 Communications, Military Aircraft Space Systems Intelligence and Security & UAV Geopolitical instability Growth in space Big data / analytics MARKET Growth in defence spending Cyber protection spending More connected world Increasing need for Increasing need for
Slide 15: Financial Performance and Outlook
FINANCIAL PERFORMANCE AND OUTLOOK 2012-2016 Revenues (1) 2012-2016 EBIT Adjusted (1) +9.3% +4.2% 2012-2016 2012-2016 Free Cash Investment (2) Flow (3) € 37 bn € 5 bn (1) Compound annual growth rate CAGR (2) Investment in Capital Expenditures, Working Capital and Research and Development (3) Free Cas
Slide 16: Shareholder Returns (2012-2016)
SHAREHOLDER RETURNS (2012 – 2016) 16 Total Shareholder Returns Actual cash out every year (in € bn) Total Free Cash Flow including Dividend M&A Share Buyback ~ € 8 bn 2.4 1.7 Total shareholder returns 1.2 ~ € 7 bn 1.0* 0.4 0.6 2012 2013 2014 2015 2016 2017 Dividend policy pay out ratio of 30-40% Div
Slide 17: Significant Share Price Increase Since 2012
SIGNIFICANT SHARE PRICE INCREASE SINCE 2012 17 Share Price in % 350 AIRBUS AIR Share Price 300 250 EUROSTOXX 600 € 70.50 200 150 +138% vs. EUROSTOXX 600 100 50 Dec Dec2011 11 Dec Dec2012 12 Dec Dec2013 13 Dec Dec2014 14 Dec Dec2015 15 Dec Dec2016 16 Sep 17* * As of 08 Sep 2017
Slide 18: Key Programme Status
KEY PROGRAMME STATUS 18 A320 SA remains healthy: essentially sold out until 2022, which protects our ramp-up plans Deliveries as of August 2017: 310 A320 family delivered, t/o 76 A320/A321neo Neo ramp-up remains challenging. Customers are still experiencing a number of in- service engine issues We s
Slide 19: Operational Excellence & Innovation
OPERATIONAL EXCELLENCE & INNOVATION 19 Drive performance across our operations, improve competitiveness and create new business opportunities Global Supply Chain Performance and Quality Group-wide approach to supply chain management and quality Transversal industrial footprint and harmonised quality
Slide 20: 2017 Guidance
2017 GUIDANCE 20 As the basis for its 2017 guidance, Airbus expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions. Airbus 2017 earnings and FCF guidance is based on a constant perimeter. Airbus expects to deliver more than
Slide 21: Driving Earnings and Cash Performance
DRIVING EARNINGS AND CASH PERFORMANCE 21 EPS Growth FCF Growth End of End of decade decade Cash Boost Conversion EPS Growth ~1 Performance A350 A400M* Turning Profitable A320 Capex Volume and Price Reduction FX Working capital Hedging Impact Control End End 2017 2017 * A400M will continue to weigh s
Slide 22: Appendix
APPENDIX H1 2017 Figures Shareholding Structure Hedge Policy Liquidity Position H1 2017 Board of Directors Executive Committee Investor Relations & Financial Communication Contacts 22
Slide 23: Airbus Today (H1 2017 Figures)
AIRBUS TODAY (H1 2017 FIGURES) 23 Airbus External Revenue Split by Division (as of 30/06/17) In € million Commercial Defence and as of 30 Jun 2017 Airbus Helicopters Aircraft Space 16% H1 2017 H1 2016 H1 2017 H1 2016 H1 2017 H1 2016 H1 2017 H1 2016 Order book 980,857 978,087 932,291 930,885 11,996 1
Slide 24: Shareholding Structure as at 30 June 2017
SHAREHOLDING STRUCTURE AS AT 30 JUNE 2017 24 Free Float 73.6% 4.2% 11.1% Shareholder Agreement 26.4% 11.1% SOGEPA 11.1% GZBV 11.1% 73.6% SEPI 4.2% Treasury shares 0.0% 774,467,480 shares issued as at 30 June 2017
Slide 25: Currency Hedge Policy
CURRENCY HEDGE POLICY 25 IN $ BILLION Net Exposure ● Forward Sales as of June 2017 ● Collars as of June 2017 ● Forward Sales and Collars as of Dec. 2016 3.8 13.0 4.6 25.2 1.6 21.3 12.1 16.1 12.1 Average hedge rates 2017 2018 2019 2020 2021 remaining 6 months and beyond 1.26 1.25 1.24 1.22 1.22 € vs
Slide 26: Airbus: Strong Liquidity Position as at June 2017
AIRBUS: STRONG LIQUIDITY POSITION AS AT 30 JUNE 2017 26 € 3.0 bn Credit Facility: Credit Facility (RSCF) Maturity 2021, undrawn Fully committed by 40 banks No financial covenants, no MAC clause € 11.4 bn Financing Liabilities: Financing Liabilities of which long-term : € 9.8 bn Includes € 3.
Slide 27: Board of Directors
BOARD OF DIRECTORS 27 Airbus SE – registered in the Netherlands Denis Ranque Tom Enders Ralph D. Catherine Hans-Peter Hermann-Josef Crosby Guillouard Keitel Lamberti Chairman of the Chief Executive Former Member of Deputy Chief Vice President, Former Member, Board Officer, Airbus the Management Exec
Slide 28: Executive Committee
EXECUTIVE COMMITTEE 28 Tom Fabrice Harald Guillaume Dirk Hoke Thierry Enders Brégier Wilhelm Faury Baril Chief Executive Chief Operating Chief Financial Helicopters Defence and Chief Human Officer Officer Officer Chief Executive Space Chief Resources Officer President Officer Executive Officer Comme
Slide 29: Investor Relations & Financial Communication Contacts
INVESTOR RELATIONS & FINANCIAL COMMUNICATION CONTACTS 29 Julie Kitcher Head of Investor Relations and Financial Communication Nicolas Chretien Mohamed Denden Thorsten Fischer Alexandre Petovari Individual Institutional Investors Institutional Investors Institutional Investors Shareholders / Head and