Slide 1: Annual report 2019
1 Annual report 2019 March 18, 2020 Marco Fuchs, CEO Kurt Melching, CFO Dr. Lutz Bertling, CSDO / CDO
Slide 2: OHB covers all stages of the value chain
2 Introduction OHB covers all stages of the value chain development, launchers in-orbit & exploitation of integration and testing (access to space) terrestrial services data generated by of the satellite space-based systems
Slide 3: Corporate Organisation
3 Introduction Corporate Organisation
Slide 4: Shareholder structure OHB SE // Management Board
4 Introduction Shareholder structure OHB SE // Management Board Issued Capital: 17,468,096 shares from left to right: Dr. Lutz Bertling, CSDO / CDO Marco Fuchs, CEO Treasury Stock Free Float Fuchs Pool Klaus Hofmann, CHRO Kurt Melching, CFO
Slide 5: Development of financial ratios for the group
5 Annual report 2019 Development of financial ratios for the group Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 1200 80 78 1,030 1,000 70 65 1000 860 59 60 55 800 728 48 49 50 43 44 600 40 30 400 20 200 10 0 0 2016 2017 2018 2019 2016 2017 2018 2019 Total revenues EBITDA EBIT
Slide 6: Space Systems
6 Annual report 2019 Space Systems Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 1000 80 900 851 809 70 65 800 60 700 661 600 559 50 44 42 500 40 33 33 33 400 30 25 24 300 20 200 100 10 0 0 2016 2017 2018 2019 2016 2017 2018 2019 Total revenues EBITDA EBIT
Slide 7: Aerospace + Industrial products
7 Annual report 2019 Aerospace + Industrial products Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 300 40 35 250 212 30 198 26 200 186 176 25 21 21 21 150 20 17 16 15 14 100 10 7 50 5 0 0 2016 2017 2018 2019 2016 2017 2018 2019 Total revenues EBITDA EBIT
Slide 8: Financial Guidance 2020
8 Business year 2020 Financial Guidance 2020 Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 80 1200 80 78 1,100 1,030 1,000 70 65 1000 860 59 60 800 48 49 50 44 44 600 40 30 400 20 200 10 0 0 2017 2018 2019 2020e 2017 2018 2019 2020e Total revenues EBITDA EBIT
Slide 9: Assets / EUR (000)
9 Annual report 2019 Assets / EUR (000) 12/31/2018 12/31/2019 change Non-current assets 291,338 348,625 57,287 Property, plant and equipment 88,252 95,440 7,188 Other financial assets 31,973 25,112 -6,861 Other intangible assets 113,204 116,309 3,105 Others 57,909 111,764 53,855 Current assets 462,2
Slide 10: Shareholder's equity and liabilities / EUR (000)
10 Annual report 2019 Shareholder‘s equity and liabilities/ EUR (000) 12/31/2018 12/31/2019 change Equity 200,019 200,830 811 Non-current liabilities and provisions 176,349 224,223 47,874 Provisions for pensions 99,583 108,252 8,669 Deferred tax liabilities 37,543 38,319 776 Others 39,223 77,652 38,
Slide 11: Segment reporting / EUR 000
11 Annual report 2019 Segment reporting / EUR 000 Aerospace + Industrial Space Systems Holding / consolidation Group in total Products 2018 2019 2018 2019 2018 2019 2018 2019 Total revenues 809,482 850,894 197,649 185,871 -6,738 -6,679 1,000,393 1,030,086 Materials & services 566,077 580,671 85,914
Slide 12: Financial ratios (in EUR million)
12 Annual report 2019 Financial ratios (in EUR million) FY 2018 3m 2019 6m 2019 9m 2019 FY 2019 Free Cash flow 39 -53 -117 -124 4 Net debt 107 163 237 247 135 Net debt ex pensions 7 64 139 148 27 CAPEX (incl. financial assets) 24 3 11 17 21 Own work capitaliszed (additions) 17 3 7 10 10 ROCE 14 14 1
Slide 13: Development of the ratio net debt
13 Annual report 2019 Development of the ratio net debt as of the balance sheet date of the respective reporting period / in EUR million 300 247 250 238 200 174 163 148 150 137 132 139 135 107 100 81 64 50 37 36 27 7 0 2015 2016 2017 2018 3m 2019 6m 2019 9m 2019 2019 Net debt Net debt ex pensions
Slide 14: Development of investment spending
14 Annual report 2019 Development of investment spending as of the balance sheet date of the respective reporting period / in EUR million 35 30 29 25 25 24 21 20 19 18 17 17 17 15 11 10 10 10 8 7 5 4 3 0 2015 2016 2017 2018 3m 2019 6m 2019 9m 2019 2019 CAPEX Own work capitalised
Slide 15: Development of free cash flow / ROCE
15 Annual report 2019 Development of free cash flow / ROCE as of the balance sheet date of the respective reporting period ROCE in % 120 Free cash flow / in EUR million 16 15 70 56 39 14 20 -3 12 4 13 2015 2016 2017 2018 3m 6m 9m 2019 12 -30 2019 2019 2019 11 -53 -80 10 2015 2016 2017 2018 3m 2019 6
Slide 16: Employees of OHB Group on December 31, 2019
16 Annual report 2019 Employees of OHB Group on December 31, 2019 Total Total personnel: personnel: 2,933 2,933 Space Systems Aerospace + Industrial Production Germany Rest of the World Holding Europe without Germany
Slide 17: Development of order-backlog in EUR million
17 Annual report 2019 Development of order-backlog in EUR million 2500 2000 1500 2,300 2,400 2,400 1000 2,100 1,700 1,840 1,600 1,600 1,200 500 1,000 834 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 18: Business year 2020: ESA budget 2020
Business year 2020 18 BUDGET 2020 @esa ESA Activities and Programmes UK: 9.5%, 464.3 ME —________________ca:0.6%, 28.0Me : Sk: 0.1%, 3.2 ME —__ Other: 3.7%, 181.3 ME —W AT: 1.0%, 51.2 ME BE: 4.3%, 210.0 ME CH: 3.4%, 167.0 ME = = SE: 1.7%, 88.2 ME ES: 5.1%, 249.5 ME Bt RO: 0.7%, 34.3 ME lr PT: 0.4%,
Slide 19: ESA budget by domain for 2020
19 ESA BUDGET BY DOMAIN FOR 2020: 6.68 B€’ @esa “includes activities implemented for other institutional pariners NAVIGATION PRODEX 1103.9 ME, 16.5% \ 61.6 ME, 0.9% —— SCIENTIFIC PROGRAMME 538.0 ME, 8.1% SPACE TRANSPORTATION 1536.1 ME, 23.0% /—— BASIC ACTIVITIES 255.4 ME, 3.8% ASSOCIATED WITH GENERA
Slide 20: Incoming orders - expectations in EUR million
20 Business year 2020 and beyond Incoming orders - expectations in EUR million Budgetary authority Volume Galileo ( Batch 3 & Galileo Transition satellites) European Commission 200-500 Copernicus (six new missions; ESA >700 ambition is to lead two missions and to participate in more) Hera & Flyeye t
Slide 21: Copernicus Programme – proposals OHB group
21 Business year 2020 and beyond Copernicus Programme – proposals OHB group
Slide 22: Recent business developments
22 Business year 2020 Recent business developments ESAIL reached European Spaceport Kourou ESAIL (first commercial microsatellite developed under ESA’s SAT-AIS program for tracking ships) was built by Luxspace Satellite arrived at the European spaceport in Kourou, Guiana on Feb 18. Launch was sc
Slide 23: Recent business developments
23 Business year 2020 Recent business developments MT Mechatronics Big Lift for Radio Telescope MT Mechatronics GmbH passed another milestone in the completion of the 40-meter radio telescope for the National Astronomical Research Institute of Thailand (NARIT) in Chiang Mai MTM is responsible fo
Slide 24: Recent business developments
24 Business year 2020 Recent business developments Antwerp Space improves its business portfolio Antwerp Space strengthens its position in the navigation market On March 16, Antwerp Space acquired the secure GNSS* Division of Septentrio NV Following BREXIT, Antwerp Space took over all activiti
Slide 25: Financial Calendar 2020
25 Business year 2020 Financial Calendar 2020 March 18, 2020 Consolidated Financial Statements FY 2019 Annual press conference / Bremen and analyst conference (DVFA) / Frankfurt/Main May 12, 2020 Three-month interim report 2020, conference call May 26, 2020 Annual General Meeting / Bremen August 11,