Slide 1: Six-month results 2013 Analysts' conference call
Conference Call August 14, 2013, Bremen Six-month results 2013 Analysts’ conference call
Slide 2: Financial highlights 6M/2013
6M/2013 Financial highlights 6M/2013 Total revenues up 9 % to a record level of EUR 310.4 million EBIT comes up to EUR 15.3 million (previous year: EUR 15.0 million) EPS climbs to EUR 0.48 during the first half of the year (previous year: EUR 0.40) Firm order book up to highest level at EUR 2.3 bill
Slide 3: Business highlights (April-August 2013)
Q2/2013 Business highlights (April-August 2013) OHB System awarded contract for SARah worth EUR 816 million OHB System signed contract for the delivery of the EDRS-C satellite (order intake EUR 157,5 million) MT Aerospace order intake from Boeing Second Galileo-FOC satellite send to ESA’s test cente
Slide 4: 6M/2013 results
6M/2013 6M/2013 results Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 310 284 238 22.6 23.0 16.1 15.0 15.3 9.0 6M/2011 6M/2012 6M/2013 6M/2011 6M/2012 6M/2013 6M/2011 6M/2012 6M/2013 +19% +9% +40% +2% +67% +2% OHB AG / Conference Call / August 14, 2013 Page 4
Slide 5: The Group in brief 6M/2013
6M/2013 The Group in brief 6M/2013 The Group in brief 6M/2013 / EUR (000) 6M/2013 6M/2012 ∆ Order backlog (June 30) 1,502,325 1,841,890 -18% Total revenues 310,399 283,868 +9% EBITDA 22,968 22,554 +2% EBIT 15,328 15,048 +2% EBT 12,800 11,856 +7% Net profit after minorities 8,353 7,054 +18% EPS (EUR)
Slide 6: Cash Flow
6M/2013 Cash Flow Cash flow statement 6M/2013 / EUR (000) 6M/2013 6M/2012 Net outflow/inflow of funds from operating activities -52,033 48,547 Net outflow of funds due to investment activities -4,534 -4,558 Net inflow/outflow of funds for financing activities 1,596 -12,913 Change in liquid funds -54
Slide 7: Assets
6M/2013 Assets Assets / EUR (000) 6/30/2013 12/31/2012 ∆ Non-current assets 149,754 150,778 -1,024 Property, plant and equipment 70,257 70,776 -0,519 Other financial assets 19,536 17,966 +1,570 Long-term securities 1,591 5,418 -3,827 Others 58,370 56,618 +1,752 Current Assets 361,450 387,980 -26,530
Slide 8: Shareholders' equity and liabilities
6M/2013 Shareholders‘ equity and liabilities Shareholders‘ equity and liabilities / EUR (000) 6/30/2013 12/31/2012 ∆ Equity 120,344 117,358 +2,986 Non-current liabilities and provisions 179,357 186,719 -7,362 Provisions for pensions 93,436 92,811 +0,625 Non-current advance payments 22,342 32,316 -9,
Slide 9: 6M/2013 – Space Systems
6M/2013 6M/2013 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 205.8 184.9 15.8 13.5 12.7 10.5 6M/2012 6M/2013 6M/2012 6M/2013 6M/2012 6M/2013 6M/2013: EBIT margin: 6.2% (previous year 5.7%) EBIT margin of own added value: 15.4% (previous year 14.1%) OHB AG / Co
Slide 10: 6M/2013 – Aerospace + Industrial Products
6M/2013 6M/2013 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 103.2 108.4 9.0 7.2 4.5 2.6 6M/2012 6M/2013 6M/2012 6M/2013 6M/2012 6M/2013 6M/2013: EBIT margin: 2.4% (previous year 4.4%) EBIT margin of own added value: 2.5% (previous year 4.8%)
Slide 11: Financial Outlook 2013 – Guidance from February 2013 confirmed
Outlook 2013 Financial Outlook 2013 – Guidance from February 2013 confirmed Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) >700 633 555 >53 43 46 31 >36 27 2011 2012 2013G 2011 2012 2013G 2011 2012 2013G +14% +11% +7% +15% +15% +16% OHB AG / Conference Call / August 14, 2013 Pa
Slide 12: Shareholders' structure
Appendix Shareholders’ structure As of July 31, 2013 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 14, 2013 Page 12
Slide 13: The stock at a glance
Appendix The stock at a glance The stock at a glance / EUR 6M/2013 6M/2012 High, Xetra 17.20 14.60 Low, Xetra 14.76 11.16 Closing price, Xetra 16.785 12.735 Average daily trading volumes (Xetra + floor) 12.367 10,257 Market capitalization, Xetra 293 million 222 million Number of shares 17,468,096 17
Slide 14: Analysts' ratings
Appendix Analysts’ ratings Analysts’ ratings Date Institute Price Target Recommendation August 2013 Commerzbank EUR 22.00 Buy August 2013 Bankhaus Lampe EUR 22.00 Buy July 2013 WGZ Bank EUR 20.50 Buy June 2013 DZ Bank EUR 20.00 Buy HSBC Trinkaus & February 2013 EUR 19.50 Overweight Burkhardt OHB AG
Slide 15: Financial calendar 2013
APPEN DIX Financial calendar 2013 August 14 Half-year report / conference call August 28 Commerzbank sector conference November 11 Nine-month report / conference call November 11-13 Analysts‘ presentation Deutsches Eigenkapitalforum, Frankfurt/Main OHB AG / Conference Call / August 14, 2013 Page 15
Slide 16: 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 14, 2013 Page 16