Airbus Se · EURONEXT:AIR
Airbus — Non-Deal Roadshow (May 2018)
29 slides from Airbus's roadshow presentation, May 25, 2018
Slide 1: Private Wealth Roadshow
AIRBUS Private Wealth Roadshow 25 May 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-lookin
Slide 3: Airbus: A Truly Global Company
AIRBUS: A TRULY GLOBAL COMPANY 3 Germany External Revenues UK 44,214 (34%)* 11,304 (9%)* France 47,865(37%)* 25% Europe 75% Non-Europe 12,000 Suppliers from USA China more than100 countries 461* 2,707 (2%)* Spain 13,177 (10%)* Airbus Order Book* by Region Other countries (by value) 9,714 (8%)* * Num
Slide 4: Company Overview
COMPANY OVERVIEW 4 Airbus is an international pioneer in the aerospace industry. We are a leader in designing, manufacturing, and delivering aerospace products, services and solutions to customers on a global scale. A commercial aircraft manufacturer with two other segments – Defence and Space and H
Slide 5: Airbus Today (FY 2017 Figures as Reported)
AIRBUS TODAY (FY 2017 FIGURES AS REPORTED) 5 Airbus External Revenue Split by Division (as of 31/12/17) In € million Airbus Defence and Airbus Helicopters as of 31 Dec 2017 Consolidated Space 16% Order book 996.822 950.354 11.201 37.407 9% Revenues 66.767 50.958 6.450 10.804 € 67 bn t/o defence: € 9
Slide 6: Our Strategy
OUR STRATEGY 6 Position as a leader Utilise strategic levers Deliver the results accordingly • Strengthen market • Exploit incremental • Focus on profitability, position and profitability, innovation potential within value creation, and while remaining a leader in product programmes, while market po
Slide 7: Commercial Aircraft
COMMERCIAL AIRCRAFT 7 Employees Order Backlog 2017 74,500 7,265 aircraft Net Orders in 2017 2017 Revenues € 50.96 bn 1,109 aircraft Deliveries in 2017 Aircraft delivered 10,926 718
Slide 8: Commercial Aircraft Market Outlook
COMMERCIAL AIRCRAFT MARKET OUTLOOK 8 Traffic Forecast Air traffic doubles every 15 years Airbus traffic forecast: 4.4% per annum Asia Pacific 41% of the demand, US & Europe 36% Fleet Forecast 34,900 new aircraft by 2036 ~40% of new deliveries for replacement, ~60% for growth Single-aisle: 71% of uni
Slide 9: Commercial Aircraft Backlog and Deliveries
COMMERCIAL AIRCRAFT BACKLOG AND DELIVERIES 9 Airbus Commercial Aircraft backlog* well aligned with Over 10 years production in backlog 8,000 regional needs and demand forecast in units 7,265 1,050 6,831 6,874 7,000 6,386 950 Europe No info on lessors 6,000 5,559 x10 & CIS 850 North 5,000 4,682 Am er
Slide 10: The Most Comprehensive Product Line for Any Market
THE MOST COMPREHENSIVE PRODUCT LINE FOR ANY MARKET 10 A380: 317 orders Capacity to capture traffic growth A350XWB: 854 orders Long-range and ultra-long haul routes A330 Family: 1,707 orders Flying from 30 minutes to over 15 hours A320 Family: 14,120 orders including 5,995 neo Up to 240 passengers, f
Slide 11: Helicopters
HELICOPTERS 11 No.1civil helicopter Helicopters in operation worldwide manufacturer in the world Around 12,000 helicopters in 154 countries Largest civil and 2017 Order Book military helicopter range in the world € 11.2 bn Employees Leadership in the civil market 20,100 50% (market share based on de
Slide 12: The Widest Range of Military and Civil Helicopters in the World
THE WIDEST RANGE OF MILITARY AND CIVIL HELICOPTERS IN THE WORLD 12 Civil & Parapublic Military Strong Product endorsement Momentum in Military market despite market softness Successful campaigns in 2017 MARKET Long term market potential Urban Air Mobility new market Product renewal strategy: Unique
Slide 13: Defence and Space
DEFENCE AND SPACE 13 No.1European Military Aircraft, total orders by end 2017 defence and space company 1,956 aircraft Employees 32,200 82 successful Ariane 5 launches in a row up to end of 2017 2017 Revenues € 10.8 bn 18 armed forces worldwide use our Communications (including NATO & EDA) 2017 Orde
Slide 14: Successful Business Repositioning
SUCCESSFUL BUSINESS REPOSITIONING 14 Communications, Military Aircraft Space Systems Intelligence and Security & UAV Geopolitical instability Growth in space Big data / analytics spending MARKET Growth in defence Cyber protection spending More connected world Increasing need for Increasing need for
Slide 15: Financial Performance and Outlook
FINANCIAL PERFORMANCE AND OUTLOOK 15 2013-2017 Revenues CAGR (1) 2013-2017 EBIT Adjusted CAGR (1) +3.8% +5% 2013-2017 2013-2017 Free Cash Investment (2) Flow (3) € 34 bn € 6.2 bn (1) Compounded annual growth rate (2) Investment in Capital Expenditures, Working Capital and Research and Development (3
Slide 16: Shareholder Returns (2013 – 2017)
SHAREHOLDER RETURNS (2013 – 2017) 16 Total Shareholder Returns Actual cash out every year (in € bn) Total Free Cash Flow including Dividend M&A Share Buyback ~ € 11 bn 2.4 1.7 Total shareholder returns ~ € 8 bn 1.2 1.2 1.0 0.6 2013 2014 2015 2016 2017 2018 Dividend policy pay out ratio of 30-40% Div
Slide 17: Significant Share Price Increase Since 2013
SIGNIFICANT SHARE PRICE INCREASE SINCE 2013 17 Share price rebased to100 scale 350 Airbus EuroStoxx 600 300 AIR Share Price* 250 € 100.66 200 150 +200% vs. EUROSTOXX 600 100 50 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 * as of 22 May 2018
Slide 18: Key Programme Status
KEY PROGRAMME STATUS 18 A320 SA remains healthy supporting our ramp-up plans Deliveries as of December 2017: 558 A320 family delivered, t/o 181 A320/A321neo Rate 60 per month from mid 2019 onwards. Feasibility study to rate 70 Neo ramp-up remains challenging. A350 Good progress on A350 industrial ra
Slide 19: Operational Excellence & Innovation
OPERATIONAL EXCELLENCE & INNOVATION 19 Drive performance across our operations, improve competitiveness and create new business opportunities Global Supply Chain Performance and Quality Group-wide approach to supply chain management and quality Transversal industrial footprint and harmonised quality
Slide 20: 2018 Guidance
2018 GUIDANCE 20 As the basis for its 2018 guidance, Airbus expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions Airbus 2018 earnings and FCF guidance is based on a constant perimeter, before M&A Airbus expects to deliver
Slide 21: Driving Earnings and Cash Performance
DRIVING EARNINGS AND CASH PERFORMANCE 21 EPS Growth FCF Growth End of End of decade decade Cash Boost Conversion EPS Growth Performance ~1 A350 A400M* Turning Profitable A320 Capex Volume and Price Reduction FX Working capital Hedging Impact Control End End 2017 2017
Slide 22: Appendix
APPENDIX 22 Q1 2018 Figures Shareholding Structure Hedge Policy Liquidity Position Q1 2018 Board of Directors Executive Committee Investor Relations & Financial Communication Contacts
Slide 23: Airbus Today (Q1 2018 Figures)
AIRBUS TODAY (Q1 2018 FIGURES) 23 Airbus External Revenue Split by Division (as of Q1 2018) In € million Airbus Defence and Airbus Helicopters as of Q1 2018 Consolidated Space 21% Order book 943,041 13,176 37,303 Revenues 10,119 7,222 961 2,217 9% € 10 bn t/o defence: € 1.8 bn R&D Expenses 616 430 7
Slide 24: Shareholding Structure as at March 2018
SHAREHOLDING STRUCTURE AS AT 31 MARCH 2018 24 Free Float 73.6% 4.2% 11.1% Shareholder Agreement 26.4% 11.1% SOGEPA 11.1% GZBV 11.1% 73.6% SEPI 4.2% Treasury Shares 0.0% 774,556,062 shares issued as at 31 March 2018
Slide 25: Currency Hedge Policy
CURRENCY HEDGE POLICY 25 IN $ BILLION Forward Sales as of Mar. 2018 Collars as of Mar. 2018 Forward Sales and Collars as of Dec. 2017 3.8 6.5 4.6 1.7 17.7 21.5 17.9 11.7 3.7 2018 2022 Average hedge rates remaining 9 months 2019 2020 2021 and beyond 1.22 1.24 1.22 1.23 1.24 € vs $ Forwards/Coll
Slide 26: Strong Liquidity Position as at March 2018
STRONG LIQUIDITY POSITION AS AT 31 MARCH 2018 26 € 3.0 bn Credit Facility: Credit Facility (RSCF) Maturity 2021, undrawn Fully committed by 40 banks No financial covenants, no MAC clause € 11.2 bn Financing Liabilities: Financing Liabilities of which long-term : € 8.8 bn Includes € 3.0 bn EM
Slide 27: Board of Directors
BOARD OF DIRECTORS 27 Airbus SE – registered in the Netherlands Denis Ranque Tom Enders Victor Chu Jean-Pierre Ralph D. Lord Drayson Clamadieu Crosby Chairman of the Chief Executive Chairman and CEO CEO and Member Member of the Chairman and Board Officer of Airbus SE of First Eastern of the Board of
Slide 28: Executive Committee
EXECUTIVE COMMITTEE 28 Tom Guillaume Harald Bruno Even Dirk Hoke Thierry Enders Faury Wilhelm Baril Chief Executive President of Chief Financial Chief Executive Chief Executive Chief Human Officer of Airbus SE Airbus Officer Airbus Officer of Airbus Officer Airbus Resources Officer Commercial Helico
Slide 29: Investor Relations & Financial Communication Contacts
INVESTOR RELATIONS & FINANCIAL COMMUNICATION CONTACTS 29 Julie Kitcher Head of Investor Relations and Financial Communication Nicolas Chretien Mohamed Denden Alexandre Petovari Individual Institutional Investors Institutional Investors Shareholders / and Analysts Asia-Pacific Institutional Investors