Slide 1: Conference Call OHB SE Q2/Six-month results 2017
August 10, 2017 Conference Call OHB SE Q2/Six-month results 2017 Marco Fuchs, CEO Kurt Melching, Director Finance & Controlling
Slide 2: Recent newsflow from the Group
Recent newsflow from the Group Company Headlines OHB System Contract worth EUR 310.5 million signed on June 28, 2017 with DLR for the German ‘Heinrich Hertz’ satellite communicaTons mission. OHB System Awarded contract by ESA and the EC on June 22, 2017 for the assembly of a further eight Galileo Nav
Slide 3: Project update Galileo
Project update Galileo Events Next launch Four satellites will be launched on top of an Ariane 5 rocket in late 2017. Status of ProducTon of the remaining ordered work order II satellites: producTon 7 satellites in Bremen for correcTve measures, 1 (last) satellite in test centre in Noordwijk Batch 3
Slide 4: Project update Ariane 6
Project update Ariane 6 Events Status of ConstrucTon of the producTon hall (E06) required for tank welding producTon finalised, re-construcTon of exisTng producTon halls (E02, E03) started. halls and The Hage Portal M1 was delivered and installaTon commenced buildings in the last week of July. Overal
Slide 5: The Group in brief 6M/2017
The Group in brief 6M/2017 EUR (000) 6M/2016 6M/2017 ∆ Total revenues 316,361 354,153 +12% EBITDA 23,998 25,796 +7% EBIT 18,255 19,254 +5% EBT 15,717 17,820 +13% Net profit aner minoriTes 9,062 10,566 +17% EPS (EUR) 0.52 0.61 +17% Order backlog (June 30) 1,644,736 2,219,973 +35% Analyst conference ca
Slide 6: Group results
Total Revenues Group results 500 414 6m 2017 400 372 315 316 354 EUR million 300 200 100 Blue coloured line: pro-forma results 0 for 6m 2014 deducTng the results of 6m 2014 6m 2015 6m 2016 6m 2017 the former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA 30.00 27.9 25.8 24.0 25.00 22.2 2
Slide 7: Space Systems
Total revenues Space Systems 400 296 261 6m 2017 300 236 237 EUR million 200 100 0 6m 2014 6m 2015 6m 2016 6m 2017 EBITDA 20.00 14.9 15.1 13.5 15.00 12.5 10.00 5.00 0.00 6m 2014 6m 2015 6m 2016 6m 2017 EBIT 6M/2017: EBIT margin 4.3%, EBIT margin on own value added 8.5% 12.00 11.3 11.2 9.8 10.00 8.9
Slide 8: Aerospace + Industrial Products
Total Revenues Aerospace + 150 124 Industrial Products 100 82 82 82 98 6m 2017 50 EUR million 0 6m 2014 6m 2015 6m 2016 6m 2017 EBITDA 20.00 14.4 15.00 10.7 9.5 10.7 10.00 9.4 5.00 0.00 6m 2014 6m 2015 6m 2016 6m 2017 EBIT 6M/2017: EBIT margin 8.2 %, EBIT margin on own value added 9.0 % 12 10.7 10 8
Slide 9: Guidance 2017
Full year Guidance 2017 guidance 2017 reiterated Total Revenues 800 800 773 730 728 800 700 600 600 500 354 400 400 300 200 200 100 0 0 2014 2015 2016 6m 2017 2017E EBITDA 55.1 60 60.00 53.4 52.1 60 50 40.00 40 25.8 30 20.00 20 10 0.00 0 2014 2015 2016 6m 2017 2017E EBIT 44 44.00 40.4 40.2 42.7 40 3
Slide 10: Cash Flow / EUR (000)
Cash Flow / EUR (000) 6M/2016 6M/2017 Net ouqlow of funds for operaTng acTviTes – 67,012 – 76,491 Net ouqlow of funds due to investment acTviTes – 6,789 – 17,098 Net inflow of funds from financing acTviTes 54,554 73,420 Change in liquid funds – 19,247 – 20,169 Others 67 48 Liquid funds at the beginnin
Slide 11: Assets / EUR (000)
Assets / EUR (000) 31/12/2016 30/06/2017 ∆ Non-current assets 211,370 238,061 +26,691 Property, plant and equipment 60,640 73,997 +13,357 Other financial assets 30,979 35,646 +4,667 Other intangible assets 89,967 98,995 +8,938 Others 29,784 29,513 – 271 Current assets 471,544 492,443 +20,899 Inventor
Slide 12: Shareholder's equity and liabilities / EUR (000)
Shareholder’s equity and liabilides / EUR (000) 31/12/2016 30/06/2017 ∆ Equity 183,590 193,378 +9,788 Non-current liabilides and provisions 171,391 197,051 +25,660 Provisions for pensions 100,437 99,789 – 648 Non-current advanced payments 37,398 31,994 – 5,404 Others 33,556 65,268 +31,712 Current li
Slide 13: Shareholder's structure
Shareholder’s structure August 2017 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 Analyst conference call / OHB's Q2/6M interim report / August 10, 2017 13
Slide 14: Analyst ratings
Analyst radngs Date Insdtudon Price target Recommendadon August 2017 Bankhaus Lampe 36.00 EUR buy August 2017 equinet Bank 25.00 EUR neutral August 2017 Commerzbank 23.00 EUR hold July 2017 HSBC Trinkaus & 32.00 EUR buy Burkhardt May 2017 DZ Bank 30.00 EUR buy Analyst conference call / OHB's Q2/6M i
Slide 15: The stock at a glance
The stock at a glance EUR 6M/2016 6M/2017 High, Xetra 20.78 28.00 Low, Xetra 17.02 18.27 Closing price (June 30), Xetra 17.91 26.56 Average daily trading volumes (Xetra + floor) 5,051 12,763 Market capitalisaTon (June 30), Xetra 312,853,599 463,952,630 Number of shares 17,468,096 17,468,096 Analyst c
Slide 16: Financial calendar 2017 / 2018
Financial calendar 2017 / 2018 August 10, 2017 Six-month interim report 2017, conference call August 30, 2017 Commerzbank Sector Conference / Frankfurt/Main (FFM) November 14, 2017 Nine-month interim report 2017, conference call November 27-29, 2017 Analyst presentaTon at German Equity Capital Marke