Slide 1: Conference Call OHB SE Q1/Three-month results 2021
Conference Call OHB SE Q1/Three-month results 2021 May 11, 2021 Marco Fuchs, CEO Kurt Melching, CFO Dr. Lutz Bertling, CSDO / CDO
Slide 2: New reporting structure of OHB SE
2 Q1/2021 New reporting structure of OHB SE including fiscal 2020: from 2021/01/01 on: 2 reporting segments 3 reporting segments
Slide 3: OHB group structure by segment
<OHB 3 WwW wW 4 SPACE SYSTEMS AEROSPACE DIGITAL OHB Digital Connect GmbH Bremen, Mainz & Gelsdorf, Germany 100% Rocket Factory OHB Teledata GmbH OHB Cosmos OHB Digital Bremen & International GmbH Services GmbH Oberpfaffenhofen, Bremen, Bremen, Germany Germany Germany 100% 100% 76.9% MT Management MT
Slide 4: Impacts of the current Covid-19 pandemic
4 Covid-19 Impacts of the current Covid-19 pandemic Effects on financial ratios to date: Total Revenues: Despite the ongoing delays in the supply chain, we currently do not expect any significant impact on the guidance for the ongoing year
Slide 5: SPACE SYSTEMS – Order intake for Arctic Weather Satellite (AWS)
5 Q1/2021 SPACE SYSTEMS – Order intake for Arctic Weather Satellite (AWS) Small satellite is the first of a planned constellation On March 9, OHB Sweden (prime contractor) and ESA signed a contract with a value of EUR 32.5 million. The AWS is a part of ESA's Earth Watch programme and will improve
Slide 6: SPACE SYSTEMS – Development and expansion of activities
6 Business year 2021 SPACE SYSTEMS – Development and expansion of activities Recent progress and successes COMET Interceptor has successfully concluded the Preliminary Requirement Review and it is officially entered into phase B Copernicus CO2 monitoring mission CO2M passes Space Segment Require
Slide 7: AEROSPACE – Series production contract for Ariane 6
7 Business year 2021 AEROSPACE – Series production contract for Ariane 6 Supply agreement between MT Aerospace & ArianeGroup On April 30, the series production contract was signed which covers the components of the tanks and metallic structures of the upper stage and the central stage, the main co
Slide 8: AEROSPACE – Study on the future of European space transportation
8 Q1/2021 AEROSPACE – Study on the future of European space transportation Space transportation demand will be investigated On March 11, Rocket Factory Augsburg leads a consortium with MT Aerospace AG and OHB System that has been commissioned by the European Space Agency ESA to conduct a study on
Slide 9: DIGITAL – First telecom service contract successfully delivered
9 Q1/2021 DIGITAL – First telecom service contract succesfully delivered Small satellite is the first test vehicle for a planned constellation OHB Digital was contracted in July 2020 with delivery of BIU signals before January 29th, 2021 Successful launch of the satellite (January 20) happened o
Slide 10: DIGITAL – Development and expansion of activities
10 Q1/2021 DIGITAL – Development and expansion of activities Further highlights from the first reporting quarter Next generation of giant ground-based telescopes: Preliminary design review completed for Giant Magellan Telescope Supporting human food security: Collaboration with ConstellR to revo
Slide 11: The Group in brief 3M/2021
11 Q1/2021 The Group in brief 3M/2021 in EUR (000) 3m 2020 3m 2021 Change in % Order backlog (March 31) 1,703,216 2,537,853 +49 Total revenues 184,156 190,114 +3 EBITDA 19,271 20,246 +5 EBIT 11,094 11,374 +3 EBT 9,777 10,721 +10 Net profit after minorities 6,216 7,264 +17 EPS (EUR) 0.36 0.42 +17 Emp
Slide 12: Development of financial ratios for the group
12 Q1/2021 Development of financial ratios for the group in EUR million Total revenues EBITDA & EBIT 19.5 19.3 20.2 190 191 184 190 157 165 14.2 12.7 12.4 10.7 10.2 11.1 11.4 9.4 7.8 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 EBIT-Margin: 6.0% (3m
Slide 13: Development of the segment Space Systems
13 Q1/2021 Development of the segment Space Systems in EUR million Total revenues EBITDA & EBIT 147 146 152 140 16.9 119 114 14.8 14.7 8.0 8.6 9.9 10.4 9.3 7.2 7.9 6.2 6.6 as reported Pro forma view Pro forma view without present without present DIGITAL as reported DIGITAL activities activities 3m 3
Slide 14: Development of the segment Aerospace
14 Q1/2021 Development of the segment Aerospace in EUR million Total revenues EBITDA & EBIT 55 4.3 4.4 4.5 44 46 39 2.8 3.0 3.0 2.9 2.6 35 1.8 1.2 18 -0.2 as reported Pro forma view Pro forma view without present as reported -1.8 without present DIGITAL DIGITAL activities activities 3m 3m 3m 3m 3m 3
Slide 15: First official reporting quarter for segment DIGITAL
15 Q1/2021 First official reporting quarter for segment DIGITAL in EUR million Total revenues EBITDA & EBIT 27 Pro forma Pro forma 5.4 representation representation 4.9 11 -0.1 -0.4 3m 2020 3m 2021 3m 2020 3m 2021 EBIT-Margin: 18.4% (3m 2020: -3.6%) EBITDA EBIT EBIT-margin on own value added: 22.6%
Slide 16: Assets / EUR (000)
16 Q1/2021 Assets / EUR (000) 12/31/2020 03/31/2021 Change in % Non-current assets 376,417 379,335 +1 Property, plant and equipment 97,210 97,553 0 Rights of use from leasing agreements 57,214 59,160 +3 Other intangible assets 121,174 120,056 -1 Others 100,819 102,566 +2 Current assets 535,661 568,3
Slide 17: Shareholder's equity and liabilities
17 Q1/2021 Shareholder‘s equity and liabilities/ EUR (000) 12/31/2020 03/31/2021 Change in % Equity 223,326 230,497 +3 Non-current liabilities and provisions 252,415 241,969 -4 Provisions for pensions 110,964 110,476 0 Leasing liabilities 46,125 48,102 +4 Deferred tax liabilities 44,492 41,319 -7 Ot
Slide 18: Financial Guidance 2021 – Total revenues
18 Business year 2021 Financial Guidance 2021 in EUR million Total revenues Actual Guidance 1,000 1,030 1,000* 1000 860 901 800 728 600 400 200 0 2016 2017 2018 2019 2020 2021 *contributions from each segment Percentage Guidance 2021 (released in February 2021) confirmed by the Management Board on t
Slide 19: Financial Guidance 2021 – EBITDA and EBIT
19 Business year 2021 Financial Guidance 2021 in EUR million Actual Guidance EBITDA 78 77 80 59 65 55 50 0 2016 2017 2018 2019 2020 2021 EBIT 44 48 49 45 50 43 42 0 2016 2017 2018 2019 2020 2021 Guidance 2021 (released in February 2021) confirmed by the Management Board on this occasion
Slide 20: Financial ratios (in EUR million)
20 Q1/2021 Financial ratios (in EUR million) 3m 2020 6m 2020 9m 2020 FY 2020 3m 2021 Free Cash flow -54 -64 -47 28 -30 Net debt 192 207 194 129 163 Net debt ex pensions 84 101 88 18 52 CAPEX (incl. financial assets) 4 12 16 21 6 Own work capitalized (additions) 1 3 5 14 2 ROCE 12% 12% 11% 10% 11%
Slide 21: Development of the ratio net debt
21 Q1/2021 Development of the ratio net debt as of the balance sheet date of the respective reporting period / in EUR million 300 250 207 200 192 194 163 150 135 129 101 100 84 88 52 50 27 18 0 12m 2019 3m 2020 6m 2020 9m 2020 12m 2020 3m 2021 Net debt Net debt ex pensions
Slide 22: Development of investment spending
22 Q1/2021 Development of investment spending as of the balance sheet date of the respective reporting period / in EUR million 25 21 21 20 16 15 14 12 10 10 6 5 5 4 3 2 1 0 12m 2019 3m 2020 6m 2020 9m 2020 12m 2020 3m 2021 CAPEX Own work capitalised
Slide 23: Development of free cash flow / ROCE
23 Q1/2021 Development of free cash flow / ROCE as of the balance sheet date of the respective reporting period Free cash flow / in EUR million ROCE in % 28 4 12 12 12 11 10 11 12m 3m 6m 9m 12m 3m 2019 2020 2020 2020 2020 2021 -47 -30 -54 -64 12m 3m 6m 9m 12m 3m Positive CF on a full-year basis for
Slide 24: Development of order-backlog
24 Q1/2021 Development of order-backlog in EUR million 2500 2000 Record high 1500 2,632 2,400 2,399 2,538 2,300 1000 2,100 2,063 1,600 1,700 1,600 1,200 500 834 1,000 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 2021
Slide 25: Order-intake – realisations (Q1) & expectations
25 Business year 2021 and beyond Order-intake – realisations (Q1) & expectations in EUR million Programme / Project Budgetary authority Volume Arctic Weather Satellite – BOOKED – ESA / European Commission 33 Aerospace (Launchers & other related future topics) ESA >70 – ALREADY PARTIALLY BOOKED IN Q2
Slide 26: Small satellite platforms of OHB: designed for future constellations
26 Business year 2021 & beyond Small satellite platforms of OHB: designed for future constellations Amount of booked / realized missions per 4 plattform InnoSat Telecom Earth observation European Secure Satellite Arctic weather Communication System constellation Telecom Earth observation 2 Eaglet Tr
Slide 27: Shareholder structure OHB SE // Management Board
27 About the company Shareholder structure OHB SE // Management Board Total issued capital – 17,468,096 shares Free Float Fuchs Pool 5,258,880 12,178,720 shares; shares; 30.11% 69.72% Treasury Stock 30,496 from left to right: shares; Dr. Lutz Bertling, CSDO / CDO 0.17% Marco Fuchs, CEO Klaus H
Slide 28: Financial Calendar 2021
28 Business year 2021 Financial Calendar 2021 Three-month interim report 2021, May 11 webcast May 26 Annual General Meeting Six-month interim report 2021, August 11 webcast September 1 Commerzbank Corporate Conference 2021 Six-month interim report 2021, November 10 webcast November 22-24 German Equi