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Airbus — Shareholder Meeting (April 2019)
11 slides from Airbus's shareholder meeting presentation, Apr 10, 2019
Slide 1: Annual General Meeting 2019
Annual General Meeting 2019 10 April 2019 Tom Enders | Chief Executive Officer Guillaume Faury | President Airbus Commercial Aircraft
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT 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 s
Slide 3: FY 2018 Highlights
3 FY 2018 HIGHLIGHTS Strong 2018 performance, Guidance delivered A380 deliveries cease in 2021 A400M re-baselining negotiated Dividend proposal: € 1.65 / share, +10% vs. FY 2017 2019 Guidance confirms growth trajectory
Slide 4: FY 2018 Commercial Positioning
4 FY 2018 COMMERCIAL POSITIONING Airbus Commercial Aircraft Consolidated Airbus Consolidated Airbus Order Book in units by Programme Order Book in value by Region External Revenue by Division 7,577 units € 460 bn € 63.7 bn t/o A220 t/o defence t/o defence 480 units € 39 bn € 9.9 bn A320 80% A330 4%
Slide 5: FY 2018 Financial Performance
5 FY 2018 FINANCIAL PERFORMANCE FY 2018 FY 2017 Change IN € MILLION Restated Revenues 63,707 59,022 7.9% EBIT Adjusted 5,834 3,190 82.9% in % of Revenues 9.2% 5.4% EBIT 5,048 2,665 89.4% in % of Revenues 7.9% 4.5% Net Income 3,054 2,361 29.4% EPS Reported (1) (in €) 3.94 3.05 29.2% FCF before M&A an
Slide 6: Values, Ethics & Compliance
6 VALUES, ETHICS & COMPLIANCE A top priority for Airbus in 2018 and 2019 2018: Substantial progress Independent Compliance Review Panel Airbus Values Journey E&C Committee Improved Speak Up Culture E&C Training & Engagement 2019: “Enforce respect of Airbus ethics and compliance standards,
Slide 7: Responsibility & Sustainability
7 RESPONSIBILITY & SUSTAINABILITY Reinforcing our culture via an R&S Charter R&S Highlights Starling earth observation services (mapping deforestation) Transparency via disclosure First Non-Financial Statement published in the 2017 Registration Document Registration Document contained outline of
Slide 8: Dividend per Share
8 DIVIDEND PER SHARE IN € [ 1.65 (1) ] 1.50 1.35 Ex-dividend date: Monday 15 April 2019 105% Record date: Tuesday 16 April 2019 Payment date: Wednesday 17 April 2019 40% 42% FY 2016 FY 2017 FY 2018 Pay-out Ratio Gross Dividend per share increase to € 1.65 (+10% vs. 2017) Confidence in 2019 earnings
Slide 9: 2012 – 2018: Growth Story
9 2012 – 2018: GROWTH STORY EBIT Adjusted FCF before M&A and Dividend per Share € bn Customer Financing € € bn 5.8 2.9 1.65 3.0 1.6 0.60 FY 2012 FY 2018 FY 2012 FY 2018 FY 2012 FY 2018 500% 08/04/2019 +400% AIRBUS 450% 120.74 € EUROSTOXX 600 400% 350% CAC40 300% 250% 200% 30/12/2011 +73% 24.15 € 150
Slide 10: 2019 Guidance
10 2019 GUIDANCE As the basis for its 2019 guidance, Airbus expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions Airbus 2019 Earnings and FCF guidance is before M&A Airbus targets 880 to 890 commercial aircraft deliveries
Slide 11: Key Priorities
11 KEY PRIORITIES Deliver on 2019 commitments Ramp-up A320 Improve A350 margins Leverage military portfolio Services, Digital and Innovation Deliver Earnings and FCF growth potential