Slide 1: Analysts Conference – Annual Report 2021
ANALYSTS CONFERENCE | ANNUAL REPORT 2021 MARCH 23, 2022 MARCO FUCHS, CEO KURT MELCHING, CFO DR. LUTZ BERTLING, CSDO/CDO DANIELA SCHMIDT, CSO/CLO IRMGARD RUNKEL, MANAGING DIRECTOR – GEOSYSTEMS GMBH CHIARA PEDERSOLI, MEMBER OF THE MANAGEMENT BOARD – OHB SYSTEM AG ANALYSTS CONFERENCE – ANNUAL REPORT 20
Slide 2: New Reporting Structure of OHB SE
NEW REPORTING STRUCTURE OF OHB SE FIRST FULL YEAR WITH THREE REPORTING SEGMENTS ANALYSTS CONFERENCE – ANNUAL REPORT 2021 // MARCH 23, 2022 2
Slide 3: Annual Report 2021 Key Take-Aways
ANNUAL REPORT 2021 KEY TAKE-AWAYS Both profitability figures exceed guidance EBITDA: EUR 84 million vs. EUR 80 million EBIT: EUR 47 million vs. EUR 45 million EBIT-margin increased by 10 %, stands at 5.1 % Earnings per share at historic peak at EUR 1.58 Dividend recommendation increased
Slide 4: Development of Financial Ratios for the Group
DEVELOPMENT OF FINANCIAL RATIOS FOR THE GROUP IN EUR MILLION Total revenues EBITDA & EBIT 1200 90 84 1000 1030 80 78 77 1000 901 917 860 70 65 59 800 60 48 49 47 50 44 600 42 EBITDA 40 EBIT 400 30 20 200 10 0 0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 FY 2021 EBIT-margin: 5.1 % (2020: 4.6 %
Slide 5: Space Systems
SPACE SYSTEMS IN EUR MILLION Total revenues EBITDA & EBIT 1000 70 65 66 900 851 61 809 60 800 745 756 700 661 50 44 42 600 39 40 500 33 33 33 EBITDA 400 30 24 EBIT 300 20 200 10 100 0 0 2017 2018 2019 2020* 2021 2017 2018 2019 2020* 2021 FY 2021 EBIT-margin: 4.4 % (2020*: 5.2 %) * Pro-forma calculat
Slide 6: Aerospace
AEROSPACE IN EUR MILLION Total revenues EBITDA & EBIT 250 30 26 212 198 25 200 186 21 21 20 16 150 15 14 EBITDA 105 97 100 10 7 7 EBIT 5 5 50 1 0 0 -5 -2 2017 2018 2019 2020* 2021 2017 2018 2019 2020* 2021 FY 2021 EBIT-margin: 0.5 % (2020*: -2.1 %) * Pro-forma calculation due to the introduction of
Slide 7: First Official Reporting Year for Segment Digital
FIRST OFFICIAL REPORTING YEAR FOR SEGMENT DIGITAL IN EUR MILLION Total revenues EBITDA & EBIT 120 18 16 101 16 100 14 14 80 77 12 10 60 EBITDA 8 6 EBIT 40 6 5 4 20 2 0 0 2020* 2021 2020* 2021 FY 2021 EBIT-margin: 13.9 % (2020*: 5.9 %) * Pro-forma calculation due to the introduction of segment “DIGIT
Slide 8: Assets
ASSETS IN EUR 000 December 31 2021 December 31 2020 Δ in % Non-current assets 378,027 376,417 +0 Property, plant and equipment 104,679 97,210 +8 Rights of use from leasing agreements 52,433 57,214 -8 Other intangible assets 125,160 121,174 +3 Others 95,755 100,819 -5 Current assets 582,820 535,661 +
Slide 9: Shareholder's Equity and Liabilities
SHAREHOLDER‘S EQUITY AND LIABILITIES IN EUR 000 December 31 2021 December 31 2020 Δ in % Equity 252,621 223,326 +13 Non-current liabilities and provisions 250,375 252,415 -1 Provisions for pensions 104,255 110,964 -6 Leasing liabilities 42,677 46,125 -7 Deferred tax liabilities 52,254 44,492 +17 Oth
Slide 10: Financial Ratios
FINANCIAL RATIOS IN EUR MILLION FY 2021 FY 2020 FY 2019 FY 2018 Free cash flow -15 28 4 39 Net debt 164 129 135 107 Net debt ex pensions 60 18 27 7 CAPEX (incl. Financial assets) 23 21 21 24 Own work capitalized (additions) 16 14 10 17 ROCE 12 % 10 % 12 % 14 % ANALYSTS CONFERENCE – ANNUAL REPORT 202
Slide 11: 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 180 164 160 140 135 129 120 107 100 80 60 60 40 27 18 20 7 0 FY 2018 FY 2019 FY 2020 FY 2021 Net debt Net debt ex pensions ANALYSTS CONFERENCE – ANNUAL REPORT 2021 // MARCH 23, 2022 11
Slide 12: Development of Investment Spending
DEVELOPMENT OF INVESTMENT SPENDING AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 30 25 24 23 21 21 20 17 16 15 14 10 10 5 0 FY 2018 FY 2019 FY 2020 FY 2021 CAPEX Own work capitalised ANALYSTS CONFERENCE – ANNUAL REPORT 2021 // MARCH 23, 2022 12
Slide 13: 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 % 50 16 39 15 40 14 28 14 30 13 12 12 20 12 10 4 11 10 0 10 9 -10 8 -20 -15 7 -30 6 FY 2018 FY 2019 FY 2020 FY 2021 FY 2018 FY 2019 FY 2020 FY 2021 ANALYSTS CO
Slide 14: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 3000 2500 2000 1500 2632 2300 2439 2399 1000 2100 2121 1700 1840 1600 1600 1200 500 1000 834 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ANALYSTS CONFERENCE – ANNUAL REPORT 2021 // MARCH 23, 2022 14
Slide 15: Financial Guidance 2022-2025
FINANCIAL GUIDANCE 2022-2025 IN EUR MILLION Actual Guidance + Outlook Total revenues 1600 1550 1418 1400 1310 1205 1200 1000 1030 1000 901 917 860 800 600 400 200 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 ANALYSTS CONFERENCE – ANNUAL REPORT 2021 // MARCH 23, 2022 15
Slide 16: Financial Guidance 2022-2025
FINANCIAL GUIDANCE 2022-2025 IN EUR MILLION Actual Guidance + Outlook EBITDA 200 166 150 135 115 84 97 100 65 78 77 59 50 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT CAGR: 27 % 150 124 96 100 77 48 49 60 44 42 47 50 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 ANALYSTS CONFERENCE – ANNUAL
Slide 17: Space Systems 2021: A Year of Continuous Progress
SPACE SYSTEMS 2021: A YEAR OF CONTINUOUS PROGRESS Activity Details OHB Sweden selected as prime contractor for Lunar Gateway ESAs Artic Weather Satellite mission World first: Xenon refuelling in space Proto-flight model for a planned Contract value: EUR 58 million Growing our project portf
Slide 18: EnMAP Ready for Launch on April 1st
ENMAP READY FOR LAUNCH ON APRIL 1ST Importance for the planet Hyperspectral imaging provides answers to different questions through one sensor Food security: Monitoring of growth progress of plants and yield forecasts Resource management: Assessment of soil and water quality Health of our fo
Slide 19: Aerospace Turnaround in Full Swing
AEROSPACE TURNAROUND IN FULL SWING FY 2021 Ariane program: Stabilization agreement with ESA for 2021 and 2022, including Production volume Additional cost resulting from lower production volume Expansion of existing partnership between MT Aerospace AG (MT-A) and Boeing Memorandum of Unders
Slide 20: Strong First Reporting Year for Segment Digital
STRONG FIRST REPORTING YEAR FOR SEGMENT DIGITAL Activity Details OHB acted as a one-stop shop for planning, manufacturing and operation of the satellite, selling Successfully built, launched and operates a prototype data services to the customer for a planned commercial LEO constellation Just se
Slide 21: GEOSYSTEMS Acquisition Complements Existing OHB Digital Portfolio
GEOSYSTEMS ACQUISITION COMPLEMENTS EXISTING OHB DIGITAL PORTFOLIO… … it is in line with OHB’s strategy 2025 Excerpt: Develop downstream portfolio Strong market potential: EUR 6 billion addressable market for EO data services worldwide* … it adds value to GEOSYSTEMS Leveraging the OHB brand P
Slide 22: GEOSYSTEMS Key Features
GEOSYSTEMS KEY FEATURES SPECIALIST FOR GEO-IT Excellent expertise: Geodata processing, geoinformation, image processing (satellite, aerial, UAV, LiDAR), web-based applications Not a start-up! More than 30 years Geo-IT competence 15 employees Strong partnership with Hexagon – global leader in
Slide 23: Downstream Services: End-to-End Solutions from Sensor to Information
END-TO-END SOLUTIONS FROM SENSOR TO INFORMATION Data acquisition Downstream services Dynamic data processing Adaption to user needs Value-adding services Fusion with other data and sensors Aggregation for decision making Information for customers Accurate and fresh Integration into busin
Slide 24: Success Stories
SUCCESS STORIES Mining Reliable information Agriculture | EU-CAP Cost reduction Geosystems offers strong synergy potentials with Agriculture | KWS other entities of Relieving staff OHB DIGITAL as well as Security & Defence market entry opportunities for their products and services Ahead comp
Slide 25: Expected Key Sources for Future News Flow
EXPECTED KEY SOURCES FOR FUTURE NEWS FLOW Development of German NATO defence expenditure February 27: Address to the German parliament by Chancellor (in EUR billion) Olaf Scholz in light of the war in Ukraine 2.00 „Special fund“? Proposed establishment of additional funds for the German Federal Mi
Slide 26: Expected Key Sources for Future News Flow
EXPECTED KEY SOURCES FOR FUTURE NEWS FLOW ESA Ministerial Conference in November Applications – Earth observation Next generation of the Copernicus program EE10 (Harmony) Arctic Weather Satellite constellation based on proto-flight model contracted to OHB Sweden Applications – Telecommun
Slide 27: Expected Key Sources for Future News Flow
EXPECTED KEY SOURCES FOR FUTURE NEWS FLOW ESA Ministerial Conference in November Safety & Security HERA Vigil Magnetograph Flyeye 2nd generation telescope (to be followed by a series) Space debris removal Enabling & Support Independent access to space Updates on support for Ariane 6
Slide 28: Financial Calendar 2022
FINANCIAL CALENDAR 2022 Date Event March 23, 2022 Analysts & press conferences, annual report 2021 May 11, 2022 3-month report/conference call June 1, 2022 Annual General Meeting August 11, 2022 6-month report/conference call November 10, 2022 9-month report/conference call November 22, 2022 DZ Bank
Slide 29: Q&A
Q&A ANALYSTS CONFERENCE – ANNUAL REPORT 2021 // MARCH 23, 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 – ANNUAL REPORT 2021 // MARCH 23, 2022 30