Dassault Aviation Sa · EURONEXT:AM
Dassault Aviation Sa — H1 2025 Earnings Presentation
16 slides from Dassault Aviation Sa's earnings presentation, Jul 22, 2025
Slide 1: Press Conference
PRESS CONFERENCE JULY 22, 2025
Slide 2: Context: military and budgetary contexts create uncertainty
CONTEXT Military and budgetary contexts create uncertainty for business activity and results The Defense budget is expected to increase: statement by the President of the Republic confirmed by the Prime Minister Tariffs: awaiting the final outcome of negotiations between the United States and Europe
Slide 3: Signing and entry into force of the Rafale Marine contract for India
HIGHLIGHTS SIGNING AND ENTRY INTO FORCE OF THE RAFALE MARINE CONTRACT FOR INDIA April 28, 2025: signature of the contract for India’s acquisition of 26 Rafale Marine to equip the Indian Navy May 7, 2025: contract enters into force India will be the first user outside France of the Rafale Marine afte
Slide 4: Paris Air Show from June 16 to 22, 2025
PARIS AIR SHOW FROM JUNE 16 TO 22, 2025 Foreign delegations Institutional visits UCAS Battle Lab Feminization of roles VORTEX in the aerospace industry In-flight demonstrations 4 PRESS CONFERENCE, JULY 22, 2025 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé
Slide 5: Activity and Programs
[ ACTIVITY AND PROGRAMS |
Slide 6: Rafale
RAFALE 533 RAFALE ORDERED SINCE THE BEGINNING OF THE PROGRAM, INCLUDING 323 FOR EXPORT Rafale France • 3 Rafale delivered, 53 yet to be delivered • Continuation of development work • F5 standard risk clearance notification • As a reminder, at the end of 2024, the French Minister of the Armed Forces
Slide 7: Falcon
FALCON 12 deliveries same as H1 2024 8 orders compared to 11 in H1 2024 Falcon 6X • Excellent customer feedback • More than 3,400 hours of flight Ongoing development of Falcon 10X 7 PRESS CONFERENCE, JULY 22, 2025 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être util
Slide 8: Make in India
MAKE IN INDIA Dassault Aviation, through the joint venture DRAL, will set up the first final assembly line for the Falcon 2000 outside of France Furthermore, Dassault Aviation subcontracts Rafale fuselage sections to Tata Advanced Systems Ongoing collaboration with our partners and subcontractors to
Slide 9: Modernizing of the industrial infrastructure
MODERNIZING OF THE INDUSTRIAL INFRASTRUCTURE Continued investment • Cergy: The end of the transfer of production units in January 2025 • Martignas: The extended buildings became operational in April 2025 for the production of wings and tail fins of the Rafale Cergy – The end of the transfer of produ
Slide 10: H1 Results
H1 RESULTS 10
Slide 11: Order intake, net sales, backlog in EUR billions
ORDER INTAKE, NET SALES, BACKLOG IN EUR BILLIONS 48.3 +12% 43.2 8.1 +57% 5.1 2.8 +12% 2.5 H1 2025 H1 2024 H1 2025 H1 2024 06.30.2025 12.31.2024 Order intake Net Sales Backlog 39% 39% 10% 0% 11% 20% 0% 11% 33% 21% 17% 85% 4% 4% 68% 21% 76% 28% 73% 40% Defense Export €6.9 Bn (26 a/c) €3.9 Bn (18 a/c)
Slide 12: Consolidated self-financed R&D in EUR millions
CONSOLIDATED SELF-FINANCED R&D IN EUR MILLIONS € 200 M € 182 M H1 2025 H1 2024 12 PRESS CONFERENCE, JULY 22, 2025 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son autorisation. Dassault Aviation Proprietary Data
Slide 13: Adjusted consolidated income statement
ADJUSTED CONSOLIDATED INCOME STATEMENT in millions euros H1 2025 H1 2024 NET SALES 2,847 2,538 OPERATING INCOME 180 170 Operating margin 6.3% 6.7% FINANCIAL INCOME 77 106 THALES and other equity affiliates 242 236 TAXES -113 -70 NET INCOME 386 442 Net income margin 13.6% 17.4% The net income for the
Slide 14: Consolidated available cash in EUR billions
CONSOLIDATED AVAILABLE CASH IN EUR BILLIONS The increase in cash is mainly the result of advances received under Rafale Export 9.5 contracts 8.4 Free Cash Flow: EUR 1.5 Bn 06.30.2025 12.31.2024 14 PRESS CONFERENCE, JULY 22, 2025 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne
Slide 15: 2025 Objectives
2025 OBJECTIVES Reminder: 2025 guidance: Increased net sales, in the range of EUR 6.5 Bn (including 40 Falcon and 25 Rafale) This 2025 guidance does not take into account U.S. tariffs and potential European countermeasures. 15 PRESS CONFERENCE, JULY 22, 2025 Ce document est la propriété intellectuel
Slide 16: Disclaimer
DISCLAIMER This press conference may contain forward-looking statements which represent targets and should not be regarded as earnings forecasts or any other performance indicator. The actual results may differ significantly from the forward-looking statements due to various risks and uncertainties,