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Airbus — FY2014 Earnings Presentation

16 slides from Airbus's earnings presentation, 2015

  1. Slide 1: FY Results 2014 Roadshow Presentation

    1 FY RESULTS 2014 ROADSHOW PRESENTATION

  2. Slide 2: FY 2014 Highlights – Focus on Execution

    2 FY 2014 HIGHLIGHTS – FOCUS ON EXECUTION Strong financial performance  Revenues: € 61 bn, +5% vs. 2013  EBIT* before one off: € 4.1 bn, +15% vs. 2013  EPS: € 2.99, +61% vs. 2013  FCF: € 2.0 bn, up € + 2.8 bn vs. 2013  Proposed DPS: € 1.20, +60% vs. 2013 Strong operational performance and strat

  3. Slide 3: Positive Market Environment

    3 POSITIVE MARKET ENVIRONMENT Overall favourable macro environment for Airbus Group

  4. Slide 4: FY 2014 Commercial Environment

    4 FY 2014 COMMERCIAL ENVIRONMENT Airbus Group Airbus Group Airbus Group Order Intake* by Segment (by value) Order Book Coverage Order Book* by Region (by value) Airbus D&S Other countries Airbus Helicopters No of years Latin America 3% 7% 9% 10.2 5% Middle-East 31% Asia Pacific 13% € 166 bn € 858 bn

  5. Slide 5: Airbus Order Backlog by Region vs. 20 Year Market Forecast

    5 AIRBUS ORDER BACKLOG BY REGION VS. 20 YEAR MARKET FORECAST

  6. Slide 6: Currency Hedge Policy

    6 CURRENCY HEDGE POLICY in US$ bn 24.3* • Forward Sales as of Dec 2014 • As of Dec. 2013 25.0 22.7 20.7 12.6 7.2 0.0 Average hedge rates 2014 2015 2016 2017 2018 2019 and beyond 1.35 1.35 1.33 1.32 1.33 1.36 € vs $ ( 1.35 in Dec. 13) ( 1.35 in Dec. 13 ) ( 1.32 in Dec. 13 ) ( 1.32 in Dec. 13 ) ( 1.33

  7. Slide 7: Strong Product Portfolio

    7 STRONG PRODUCT PORTFOLIO  Product portfolio positioned to  Strong business model and new  Global leader in Space, Military capture growth products to drive our future Aircraft, Missiles and related A320 production rate increase to Systems & Services 50/month with health overbooking  In 2014, c

  8. Slide 8: Focus on Core

    8 FOCUS ON CORE © J. Gietl Airbus Defence & Space  Competitive business pillars clearly identified  Reinforce leadership position  Streamline portfolio Disposals of the 1st tranche of Dassault Aviation

  9. Slide 9: Consistently Seeking Competitiveness Across the Group

    9 CONSISTENTLY SEEKING COMPETITIVENESS ACROSS THE GROUP  Attacking cost across the Group • Continuous improvement in Airbus after Power 8 and Power 8+ • Transformation plan in Airbus Helicopters • Restructuring in Airbus Defence and Space • HQ streamlining • Improving Quality: Quest Group Initiativ

  10. Slide 10: Incremental Innovation to Sustain Performance

    10 INCREMENTAL INNOVATION TO SUSTAIN PERFORMANCE New Development Programs • Delivering long term profitability • But require high upfront investment • And Learning curve weighs on early production phase Incremental Upgrades  Extend life of profitable program  With a fraction of investment  Less r

  11. Slide 11: FY 2014 Financial Performance

    11 FY 2014 FINANCIAL PERFORMANCE Revenues EBIT* before one-off 61 6.7% 56 58 6.1% 4.07 50 44 47 5.2% 3.54 in € bn / RoS (%) 2.96 in € bn 12 11 11 FY'12 FY'13 FY'14 FY'12 FY'13 FY'14 • t/o Defence EPS* before one-off FCF before M&A *** 3.36 1.4 in € bn in € 1.1 2.81 2.21 -0.8 FY'12 FY'13 FY'14 FY'12

  12. Slide 12: FY 2014 Profitability

    12 FY 2014 PROFITABILITY EBIT* performance 4.07 4.04 3.54  FY 2014 EBIT* reported +54%  FY 2014 one-offs resulting from: 2.62  € - 551m A400M provision  € + 383 m Divestments  € + 142 m $ PDP mismatch / BS Revaluation in € bn EBIT* before one-off EBIT* Reported € - 26 m Net one-off FY 2013 FY 2

  13. Slide 13: FY 2014 Cash Evolution

    13 FY 2014 CASH EVOLUTION in € bn Free Cash Flow* before M&A +1.1 * Excluding realised FX results on Treasury swaps in FY 2014 - prior year not restated (€ 54 m FY 2013); ** Includes customer financing in other assets and liabilities of € + 0.1 bn *** thereof capex of € - 2.5 bn; **** M&A transactio

  14. Slide 14: Guidance 2015 / Dividend

    14 GUIDANCE 2015 / DIVIDEND  As the basis for its 2015 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions  Airbus deliveries should be slightly higher than in 2014, and the commercial aircraft orde

  15. Slide 15: Building Blocks of Airbus Group Shareholder Value

    15 BUILDING BLOCKS OF AIRBUS GROUP SHAREHOLDER VALUE 2.99 EPS 1.86 1.46 2012 2013 2014 End of the decade * Before FX one-offs 1.20 DPS 0.75 0.60 2012 2013 2014 End of the decade

  16. Slide 16: Conclusion

    16 CONCLUSION  Strong commercial aircraft market fundamentals  Strengthening US Dollar enhancing our profitability in 2017 and beyond  Efficient and highly competitive product policy and portfolio  Sound strategy: focus on core activities  Dedicated to enhancing competitiveness, attacking cost

Airbus Group — FY2014 Earnings Presentation on 6ix