Slide 1: Six-month results 2014 Analysts' conference call
Conference Call August 13, 2014, Bremen Six-month results 2014 Analysts’ conference call
Slide 2: Financial highlights 6M/2014
6M/2014 Financial highlights 6M/2014 Total revenues up 34 % to a level of EUR 414.4 million Deconsolidation of ATP lead to a one one-off effect in the amount of EUR 3.8 million EBIT comes up to EUR 20.5 million (previous year: EUR 15.3 million) EBITDA increased to EUR 27.9 million (previous year: EU
Slide 3: Business highlights (April - July)
6M/2014 Business highlights (April - July) Fritz Merkle appointed to the Management Board of OHB AG Merger of OHB System and Kayser-Threde is being prepared and will be effected on September 1 MT Aerospace received 2 contracts from Airbus D+S and ESA for the development and further qualification of
Slide 4: Recent business highlights - Galileo
6M/2014 Recent business highlights - Galileo First and second Galileo FOC satellites are currently prepared for the launch on August 21 They left the preparation facility on 29.7.14 after completion of the autonomous activities (Kourou, French Guyana) They will be integrated this week on the launche
Slide 5: 6M/2014 results
6M/2014 6M/2014 results Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 414 310 284 27.9 22.6 23.0 20.5 15.0 15.3 6M/2012 6M/2013 6M/2014 6M/2012 6M/2013 6M/2014 6M/2012 6M/2013 6M/2014 +9% +34% +2% +22% +2% +34% OHB AG / Conference Call / August 13, 2014 Page 5
Slide 6: The Group in brief 6M/2014
6M/2014 The Group in brief 6M/2014 In EUR (000) 6M/2013 6M/2014 Δ Order backlog (March 31) 1,502 2,128 +42% Total revenues 310,399 414,388 +34% EBITDA 22,967 27,916 +22% EBIT 15,328 20,502 +34% EBT 12,800 17,544 +37% Net profit after minorities 8,353 19,187 +130% EPS (EUR) 0.48 1.10 +129% OHB AG / C
Slide 7: Cash Flow
6M/2014 Cash Flow In EUR (000) 6M/2013 6M/2014 Net outflow of funds from operating activities -52,033 -7,823 Net outflow of funds due to investment activities -4,534 -8,209 Net inflow of funds for financing activities 1,596 39,490 Change in liquid funds -54,971 23,458 Others -15 -4,940 Liquid funds
Slide 8: Assets
6M/2014 Assets Assets in EUR (000) 12/31/2013 06/30/2014 Δ Goodwil l 7,687 7,687 0 Other i nta ngibl e a s s ets 42,174 42,163 -11 Property, pl a nt a nd equi pment 70,282 56,828 -13,454 Sha res carri ed a t equi ty 683 683 0 Other fi na nci a l a s s ets 22,591 22,290 -301 Non-current assets 143,41
Slide 9: Shareholders' equity and liabilities
6M/2014 Shareholders' equity and liabilities Shareholders‘ equity in EUR (000) 12/31/2013 06/30/2014 Δ Subs cribed capi ta l 17,468 17,468 0 and liabilities Addi ti ona l pai d-i n ca pi ta l 14,923 13,847 -1,076 Reta ined earnings 521 521 0 Other comprehens ive income -3,593 -2,390 1,203 Treas ury
Slide 10: 6M/2014 – Space Systems
6M/2014 6M/2014 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 296 206 15.8 13.5 12.7 9.8 6M/2013 6M/2014 6M/2013 6M/2014 6M/2013 6M/2014 6M/2014: EBIT margin: 3.29% (previous year 6.19%) EBIT margin of own added value: 8.92% (previous year 15.37%) OHB AG / Conf
Slide 11: 6M/2014 – Aerospace + Industrial Products
6M/2014 6M/2014 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 124 108 14.4 10.7 7.2 2.6 6M/2013 6M/2014 6M/2013 6M/2014 6M/2013 6M/2014 6M/2014: EBIT margin: 8.60% (previous year 2.37%) EBIT margin of own added value: 9.14% (previous year 2.53
Slide 12: Adjusted Guidance 2014 from February confirmed
6M/2014 Adjusted Guidance 2014* from February confirmed *ATP results consolidated until May 2014 / EBITDA and EBIT are not effected by the adjustment Total revenues Previous Adjusted EBITDA EBIT (EUR million) Guidance Guidance (EUR million) (EUR million) 700 >750 >700 633 555 >56 53 43 46 >39 36 31
Slide 13: Shareholders' structure
APPENDIX Shareholders’ structure As of August 13, 2014 0.46% 29.82% 69.72% Fuchs Pool (12,178,720 shares) Free Float (5,208,880 shares) Treasury Stock (80,496 shares) OHB AG / Conference Call / August 13, 2014 Page 13
Slide 14: The stock at a glance
APPENDIX The stock at a glance The stock at a glance / EUR 6M/2013 6M/2014 High, Xetra 17.20 25.06 Low, Xetra 14.76 17.45 Closing price, Xetra 16.785 23.095 Average daily trading volumes (Xetra + floor) 12,367 16,889 Market capitalization, Xetra 293 million 403 million Number of shares 17,468,096 17
Slide 15: Analysts' ratings
APPENDIX Analysts’ ratings Date Institute Price Target Recommendation June 2014 WGZ Bank EUR 26.00 Hold June 2014 DZ Bank EUR 27.00 Buy May 2014 Commerzbank EUR 22.00 Hold March 2014 HSBC Trinkaus & Burkhardt EUR 23.00 Neutral February 2014 Bankhaus Lampe EUR 26.00 Buy OHB AG / Conference Call / Aug
Slide 16: Financial calendar 2014 / 2015
APPENDIX Financial calendar 2014 / 2015 August 13, 2014 Half-year report / conference call November 12, 2014 Nine-month report / conference call November 24-26, 2014 Analyst presentation at Deutsches Eigenkapitalforum, Frankfurt/Main February 19, 2015 Capital Market Day March 19, 2015 Annual press c
Slide 17: Contact
C O N TA C T Contact CEO Marco R. Fuchs +49-421-2020-664 IR Martina Lilienthal +49-421-2020-720 ir@ohb.de +49-421-2020-613 ohb.de OHB AG / Conference Call / August 13, 2014 Page 17