Airbus Se · EURONEXT:AIR
Airbus — BofAML Global Industrials Conference 2018
9 slides from Airbus's conference presentation, Mar 22, 2018
Slide 1: BofAML Global Industrials Conference 2018
AIRBUS BofAML Global Industrials Conference 2018 London 22 March 2018
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: FY 2017 Highlights
FY 2017 HIGHLIGHTS 3 2017 KPIs: overachieved, driven by strong underlying business performance Solid commercial environment: book to bill 1.5; record backlog supporting ramp-up plans A400M: FY17 €1.3 bn charge; remaining exposure significantly reduced Dividend: proposal of €1.50 per share, +11% v FY
Slide 4: The complete Family
The complete Family • Cutting-edge technology • Proven reliability • Operational flexibility • Superior passenger appeal
Slide 5: Competitive Portfolio
COMPETITIVE PORTFOLIO 5 Helicopters Defence and Space • • • Services boosted by digitalization Urban Air Mobility • •
Slide 6: Financial Performance
FINANCIAL PERFORMANCE 6 Revenues in € bn EBIT Adjusted and Deliveries in units in € bn IFRS 15 ~ +€ 0.1bn ~ 800 a/c 66.6 66.8 718 a/c ~ +20% 688 a/c 3.96 4.25 FY 2016 FY 2017 2018 Guidance FY 2016 FY 2017 2018 Guidance FCF before M&A and Customer Financing in € bn Similar level 2.9 1.4 FY 2016 FY 20
Slide 7: Currency Hedge Policy
CURRENCY HEDGE POLICY 7 IN $ BILLION 25.3 Forward Sales as of Dec. 2017 Total 3.8 Collars as of Dec. 2017 Hedge 4.6 Forward Sales and Collars as of Dec. 2016 Book 24.5 (1) 1.7 21.3 89bn$ 17.8 @ 11.3 0.0 Average 3.7 Hedge rate Average hedge 2017 2018 2019 2020 2021 2022 and beyond rates 1€1.23
Slide 8: Increasing Shareholder Returns
INCREASING SHAREHOLDER RETURNS 8 Total Shareholder Returns* € ~8.5 bn FCF 2.4 € ~12 bn 1.7 1.2 1.0 1.2 3.7 0.6 0.4 3.2 2.8 2012 2013 2014 2015 2016 2017 2018** 2.0 1.2 Dividend Share Buyback Dividend per Share 1.50 1.30 1.35 -0.8 1.20 2012 2013 2014 2015 2016 2017 0.75 105% FCF FCF before M&A and Cu
Slide 9: Earnings and FCF Taking Off
EARNINGS AND FCF TAKING OFF 9 EPS Growth FCF Growth End of End of decade decade Boost Cash Conversion Performance EPS Growth ~1 A350 Turning Profitable A400M* A320 Volume and Price Working capital FX Control Hedging Impact End End 2017 2017 * A400M will continue to weigh in 2018 and 2019 Box sizes f