Airbus Se · EURONEXT:AIR
Airbus — Merger or Acquisition (October 2017)
9 slides from Airbus's merger presentation, Oct 17, 2017
Slide 1: Airbus & Bombardier C Series: A Winning Partnership
AIRBUS & BOMBARDIER C Series A Winning Partnership 17 October 2017 Tom Enders Harald Wilhelm Chief Executive Officer Chief Financial Officer
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT DISCLAIMER This presentation includes forward-looking statements, including in respect of the transaction pursuant to which Airbus would acquire a majority interest in the C Series aircraft program and benefits expected to result from such transaction. Words such as “anticipat
Slide 3: A Winning Partnership
A WINNING PARTNERSHIP A320 Family C Series • Airbus and Bombardier enter into a partnership on C Series • Combination of Airbus’ global reach and scale with Bombardier’s innovative new aircraft • Significant long term value creation 3
Slide 4: Strategic Rationale
STRATEGIC RATIONALE Improves Single-Aisle portfolio, largest and fastest growing market segment Airbus, the right partner to unlock the full potential of the C Series Strengthening Airbus global industrial footprint Good transaction timing given C Series programme maturity 4
Slide 5: Extended Access to the Single-Aisle Market
EXTENDED ACCESS TO THE SINGLE-AISLE MARKET 100 – 150 Seats 150 – 240 Seats C Series backlog ~350 a/c A320 Family backlog ~5,500 a/c A321neo CS300 A320neo CS100 A319neo 20 years demand ~6,000 a/c 20 years demand ~25,000 a/c (Total Single Aisle > 100 Seats) C Series complementary to Airbus offering ac
Slide 6: Value Generation
VALUE GENERATION Unlocking the full potential of the C Series Commercial Developing and accelerating C Series commercial momentum • Airbus’ proven sales expertise and global network • Combined customer relationship • Product support and continuing improvements Industrial Generating significant C Ser
Slide 7: Key Financial Aspects
KEY FINANCIAL ASPECTS s C Series development spend almost completed s Acquisition of operational control without any cash contribution at closing s Funding until closing borne by seller s No financial debt at closing s Limited financial exposure after closing s Value creation from synergies 7
Slide 8: Transaction Highlights
TRANSACTION HIGHLIGHTS Ownership • Airbus acquires 50.01% shareholding and enters into certain commercial agreements Structure • Approximate 31% and 19% ownership for Bombardier and Investissement Québec (IQ) respectively • Sales and marketing support services for the C Series Commercial • Managemen
Slide 9: Summary
SUMMARY Significant C Series s s A complementary Single production costs Aisle portfolio savings anticipated Favourable timing, no cash s s New commercial momentum contribution at closing and in Single Aisle segment limited exposure Value creation for our customers, s s Airbus’ global industri