Slide 1: Conference Call OHB SE Six-month results
August 13, 2015 Conference Call OHB SE Six-month results Marco Fuchs, Chief Executive Officer Kurt Melching, Director Finance & Controlling
Slide 2: Recent events (April – August 2015)
Recent events (April – August 2015) Company Headlines MT Aerospace ESA signed contract for the development of the Ariane 6 new-generation launcher with Airbus Safran Launchers OHB System Next two Galileo-FOC satellites arrived in Kourou on July 26 Antwerp Space Contract for development of a Test Sys
Slide 3: Project update Galileo
Project update Galileo Events Next launch Next two Galileo-FOC satellites arrived in Kourou on July 26 Galileo FOC satellites 5 & 6 will lift off on September 10 from Europe’s Spaceport in French Guiana on top of a Soyuz rocket The satellites have completed their mechanical fit check at the launch s
Slide 4: Project update Galileo
Project update Galileo Analysts conference call /OHB's 6-months report / August 13, 2015 4
Slide 5: The Group in brief 6M/2015
The Group in brief 6M/2015 EUR (000) 6M/2014 6M/2015 ∆ Order backlog (June 30) 2,127,840 2,010,396 -6% Total revenues 414,388 315,290 -24% EBITDA 27,916 22,223 -20% EBIT 20,502 16,309 -20% EBT 17,544 14,734 -16% Net profit after minorities 19,187 8,681 -55% EPS (EUR) 1.10 0.50 -55% Analysts conferen
Slide 6: Pro forma results 6M/2014
Pro forma results 6M/2014 EUR (000) Group 6M/2014 6M/2014 6M/2015 ∆ pro forma Pro forma results 6M/2014 vs. 6M/2015 Total 414,388 372,407 315,290 -15% revenues EBITDA 27,916 19,845 22,223 +12% EBIT 20,502 13,909 16,309 +17% Aerospace + 6M/2014 6M/2014 6M/2015 ∆ pro forma Industrial Pro forma results
Slide 7: Group results
Group results Total Revenues 6m 2015 500 414 (372) 400 310 315 EUR million 300 284 200 100 0 Total 6m results for financial years 6m 2012 6m 2013 6m 2014 6m 2015 2012-2015 diagrammed on the right Blue coloured: pro-forma results for EBITDA 27.9 (19.8) 6m 2014 deducting the results of the 30,00 25,00
Slide 8: Space Systems
Total revenues Space Systems 350 296 6m 2015 300 250 206 236 185 EUR million 200 150 100 50 0 6m 2012 6m 2013 6m 2014 6m 2015 EBITDA 20,00 15.8 15,00 13.4 13.5 12.5 10,00 5,00 0,00 6m 2012 6m 2013 6m 2014 6m 2015 6M/2015: EBIT margin 3.77%, EBIT margin on own value added 8.28 % EBIT 15 12.7 10.5 9.8
Slide 9: Aerospace + Industrial Products
Aerospace + Total Revenues 150,00 124 (82) Industrial Products 100,00 103 108 82 6m 2015 50,00 EUR million 0,00 6m 2012 6m 2013 6m 2014 6m 2015 EBITDA 20,00 14.4 (6.3) 15,00 9.4 10,00 9.0 7.2 5,00 0,00 6m 2012 6m 2013 6m 2014 6m 2015 6M/2015: EBIT margin 8.72%, EBIT margin on own value added 9.92% E
Slide 10: Cash Flow / EUR (000)
Cash Flow / EUR (000) 6M/2014 6M/2015 Net outflow of funds for operating activities -7,823 -36,015 Net outflow of funds due to investment activities -8,209 -1,912 Net inflow of funds from financing activities 39,490 34,270 Change in liquid funds 23,458 -3,657 Others -4,940 106 Liquid funds at the be
Slide 11: Assets / EUR (000)
Assets / EUR (000) 12/31/2014 06/30/2015 ∆ Non-current assets 151,808 156,851 +5,043 Property, plant and equipment 54,270 53,136 -1,134 Other financial assets 23,539 25,022 +1,483 Other intangible assets 48,278 53,875 +5,597 Others 25,721 24,818 -903 Current assets 488,805 512,452 +23,647 Inventorie
Slide 12: Shareholder's equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 12/31/2014 06/30/2015 ∆ Equity 147,199 152,351 +5,152 Non-current liabilities and provisions 124,548 132,766 +8,218 Provisions for pensions 96,974 96,574 -400 Deferred tax liabilities 19,410 21,334 +1,924 Others 8,164 14,858 +6,694 Current liabilities
Slide 13: Financial targets
Business year Total EBITDA EBIT Financial targets revenues Financial outlook released in 2015e >800 >53 >40 February 2015 confirmed effectively on the Former financial targets versus results occasion of the six-month report Business year Total EBITDA EBIT revenues 2014e >750 >56 >39 2014 773 53 40 2
Slide 14: Shareholder's structure
Shareholder’s structure August 2015 Treasury Stock Free Float Fuchs Pool Fuchs Pool 12,178,720 (69.72 %) Free Float 5,208,880 (29.82 %) Treasury Stock 80,469 (0.46 %) Total issued capital 17,468,096 Analysts conference call /OHB's 6-months report / August 13, 2015 14
Slide 15: Analysts' ratings
Analysts‘ ratings Date Institute Price target Recommendation August 2015 Equinet AG 22.50 EUR accumulate August 2015 WGZ Bank 25.00 EUR buy August 2015 DZ Bank 24.00 EUR buy April 2015 HSBC Trinkaus & 22.00 EUR hold Burkhardt November 2014 Commerzbank 22.00 EUR hold Februar 2014 Bankhaus Lampe 26.00
Slide 16: The stock at a glance
The stock at a glance EUR 6M/2014 6M/2015 High, Xetra 25.06 23.60 Low, Xetra 17.45 16.59 Closing price, Xetra 23.10 17.45 Average daily trading volumes 16,889 12,041 (Xetra + floor) Market capitalization, Xetra 403,425,677 304,818,275 Number of shares 17,468,096 17,468,096 Analysts conference call /
Slide 17: Strong product universe
Strong product universe <OHB
Slide 18: Appendix
Appendix Financial events 2015 Nov 11 9-month report 2015 Nov 24 Company‘s Presentation German Equity Forum Frankfurt / Main Contacts Marco Fuchs, CEO +49(0)421/2020664, marco.fuchs@ohb.de Kurt Melching, Director Finance & Controlling +49(0)421/2020617, kurt.melching@ohb.de Martina Lilienthal, Inves