Slide 1: Airbus
AIRBUS
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “targets”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking s
Slide 3: Introduction
INTRODUCTION Guillaume Faury Chief Executive Officer
Slide 4: 2025 is a cornerstone year paving the way for profitable growth
2025 is a cornerstone year paving the way for profitable growth 2022-2025 2025 2025+ Building resilience Pivotal year Value creation Unprecedented A320 Delivering on our Commercial Recovering from pandemic production rate secured Aircraft ramp-up Operating in a fast changing Double digit Return on S
Slide 5: Business update June 2025
Business update 18 June 2025 A321 XLR
Slide 6: Commercial Aircraft
COMMERCIAL AIRCRAFT Christian Scherer Chief Executive Officer
Slide 7: GDP, trade and population are the main drivers of air traffic growth
GDP, trade and population are the main drivers of air traffic growth World GDP World population Urban population 2.5% CAGR 20242044 1.2 bn from 2024 to 2044 1.3 bn from 2024 to 2044 World trade Middle Class* 2.6% CAGR 20242044 1.5 bn from 2024 to 2044 Source: S&P Global, Oxford Economics, Air
Slide 8: Demand for 43,420 passenger and freighter aircraft in the next 20 years
Demand for 43,420 passenger+freighter aircraft Fleet in service Fleet will almost double (# aircraft) in the next 20 years Higher proportion of new deliveries 44% will replace older, less fuel-efficient aircraft Source: Airbus GMF 2025, Cirium May 25 8 Notes: Passenger aircraft (≥ 100 seats), Fre
Slide 9: Demand for 42,450 new passenger aircraft between 2025 and 2044
Demand for 42,450 new passenger aircraft between 2025 and 2044 Europe & CIS North America PRC 8,070 Middle East 6,810 9,570 Africa 3,790 Asia/Pacific Typically Single Aisle (excl. PRC) Typically Widebody 1,490 Latin America 10,050 2,660 9 Source Airbus GMF 2025 Notes: Passenger aircraft only (≥ 100 s
Slide 10: Airbus Family of new generation Aircraft portfolio & Services
Airbus Family of new generation Aircraft portfolio & Services Train 400 350 Operate 300 Seating capacity 250 Maintain 200 150 Enhance 100 1000 2000 3000 4000 5000 6000 7000 8000 9000 Range (nm) Expand The latest generation Airbus Family, for efficiency and versatility on all segments 10
Slide 11: Single Aisle
Single Aisle Family 737MAX 737MAX9/10 737MAX7 Family 56% 62% 80% Market Market Market Embraer E2 Share Share Share Family Clean-sheet design 25% cost advantage per seat 20% cost advantage per seat “NMA” today up to 4700NM 50% lower noise footprint 50% lower noise footprint Low risk route opener uniq
Slide 12: Widebody and Freighter
Widebody and Freighter 777X 777-8F 44% 52% 787 Market Market Share Share Suits all business models Only large WB aircraft able to serve all Built on A350 success 25% lower fuel burn and CO₂ emissions major markets Largest Main Deck Cargo Door “NMA+” today Endorsed by top ranking airlines 40% lower f
Slide 13: Airbus commercial performance since 2020
Airbus commercial performance since 2020 Net order & Delivery trend Deliveries by region in 2024 Classified by end operator 86 customers (including lessors leasing to airlines) Europe Asia* North America 34% 33% 21% *China:12%, India: 9% Middle East Latin America & Africa 7% 5% Private & Gvmt <1% 13
Slide 14: Breakdown of FY 2024 deliveries by source of financing
Breakdown of FY 2024 deliveries by source of financing 2024 Airbus deliveries Export Credit Export Credit Manufacturer attracted diverse & ECA & EDC competitive financing 3% 1% Lessor SLB Airline debt Airline Debt ▪ Airlines taking more aircraft on-B/S Lessor SLB which pushed Airline commercial Debt
Slide 15: Commercial Aircraft backlog
Commercial Aircraft backlog Strong backlog providing long-term visibility Backlog as of 31 May 2025 6% & Total 7% 25% Single Aisle Wide body 24% 8,630 7,666 964 69% 69% Lessors Europe 16% 18% Americas North America Latin America India China Others Asia Pacific 16% 11% 5% 15% 3% 16% 34% Middle East &
Slide 16: Commercial Aircraft: Operations
COMMERCIAL AIRCRAFT Florent Massou dit Labaquère EVP Operations
Slide 17: Ramping-up across all Programmes
Ramping-up across all Programmes Confirming our rate trajectory Growing our industrial system and integrating Spirit AeroSystems work packages R14 in 2026 R75 in 2027 Enabling the skilled workforce R4 stabilisation R12 in 2028 Collaborating with supply chain partners to build capability and resilien
Slide 18: Leveraging our industrial system
Leveraging our industrial system 30 production sites worldwide Sub-assembly Lines Final Assembly Lines Benefiting from integrated flows and Accelerating digitalisation and our own center of competences introducing new assembly lines 18
Slide 19: Integrating and transforming Spirit AeroSystems work packages
Integrating and transforming Spirit AeroSystems work packages Before Day 1 Mid-term Benefit from Airbus Integrate in our centers of excellence operating system Train and upskill people Airbus Airbus Atlantic Aerostructures Drive supplier performance Target operational efficiency & synergies Secure c
Slide 20: Enabling our skilled workforce
Enabling our skilled workforce Anticipated recruitment in the last years to join the production workforce supporting our ramp up First months of intensive training, followed up by tutorship until appropriate qualification Robotics, Digital and Automation to improve enablement, efficiency and increas
Slide 21: Enhancing supply chain readiness
Dedicated team of Supply Chain Experts Enhancing supply chain readiness.. Missing parts Strong reduction of -40% vs H1 2024 Quality improvement Industry-wide maturity grid and assessment performed Rate readiness Building capacity and de-risk single point of failure Engines & Cabin remain the main pa
Slide 22: ..and addressing the main areas of tensions
..and addressing the main areas of tensions Challenges Enabling the ramp-up Reinforced tripartite Increased demand and collaboration cabin configuration Cabin Robust end to end programme management Recovering tier-x supply-chain Reinforced onsite presence at key suppliers Alignment on ramp-up Stabil
Slide 23: Business update June 2025
Business update 18 June 2025 H160 FIL hh, AIRBUS, J a iigq 7 i
Slide 24: Airbus Helicopters
AIRBUS HELICOPTERS Bruno Even Chief Executive Officer
Slide 25: Airbus Helicopters: a global leader
Airbus Helicopters: a global leader Successful transformation journey Values Competitiveness Innovation Customer Safety, quality, Optimised Continuous upgrades Focused on integrity, industrial footprint of products and customer loyalty compliance and & reduced services security production costs 2024
Slide 26: A robust and resilient business model
A robust and resilient business model Broadest range - 7 dual platforms - 2 specialised military helicopters FY’24 Revenue Global Footprint Military Civil - 30 customer centres 49% 51% - 10 industrial sites Balanced Platforms Services - Military / Civil 54% 46% - Platforms / Services 26
Slide 27: Focus on Support & Services
Focus on Support & Services Execute Background ● Strong international footprint ~13,000 Airbus helicopters ● OEM & tier one manufacturer in service ● Increase of long term multiservices and by the hour contracts 30 to 40 years of service life +50% 46% revenue increase of 2024 revenue since 2018 27
Slide 28: Positive market perspective
Positive market perspective Total market in €bn(1) Yearly overview 2025-2030 cumulative view European Defence total market upside €18bn over 6 years 15% 52% Tactical Drones Military Helicopters 2024 Civil & Parapublic Market Share in Value Civil & Parapublic Helicopters European Defence 2024 Militar
Slide 29: Our strategy in a growing market
Our strategy in a growing market Customer loyalty, operational excellence and innovation Civil & Parapublic Military Support and Services New business Grow in value on the Increase Grow Become a Civil & Parapublic market market share Support & Services drone leader 29
Slide 30: Execute our ramp up
FINAL Execute our ramp up Production: Focus on H145 / H145M Engineering +50% deliveries expected between 2023 and 2025 +40% of engineering hours expected between 2023 to 2025 H145 Deliveries Key priorities Contract execution linked to customer requirements Market growth with lead time reduction: 86
Slide 31: Focus on military strategy
Focus on military strategy STRATEGIC ENABLERS EU WHITE PAPER PRIORITY AREAS Air & Missile Defence Increase operational availability Artillery Systems Ammunition & Missiles Deliver on multirole & dual platforms Drones and counter-drone Systems Military Mobility Lead the Next Generation AI, Quantum, C
Slide 32: Airbus is developing a drones portfolio addressing all customer missions
Airbus is developing a drones portfolio addressing all customer missions One Airbus offer One ambition ● Large portfolio spanning all drone ● Crewed - Uncrewed Teaming & classes & missions Interoperability ● Flexible partnerships to accelerate ● Demonstrated progress made on time-to-market autonomy
Slide 33: Mid-term outlook: Airbus Helicopters
Mid-term outlook: Airbus Helicopters 2028 Ambition Beyond 2028 in €bn Additional levers: €1bn+ European defence upside Civil value growth Transformation journey €0.8bn Ramp-up execution 11%+ RoS Increase military market share Support and services growth 10.3% RoS Leader on drones Military focus 2024
Slide 34: Business update June 2025
Business update 18 June 2025
Slide 35: Airbus Defence and Space
AIRBUS DEFENCE AND SPACE Mike Schoellhorn Chief Executive Officer
Slide 36: Airbus Defence and Space at a glance
Airbus Defence and Space at a glance ~36,000 employees Air Power 1,985+ 180 locations around aircraft delivered the world 2,000+ customers and Space Systems partners 850+ satellites built and launched 2024 Order Intake €16.7bn Connected Intelligence 2024 Revenues 2000+ customers & €12.1bn 50+ years
Slide 37: Air Power at a glance
Air Power at a glance: Portfolio matching current and future needs Transport, Mission, Combat Future Air Power Services & and Tanker Aerostructure A400M / MRTT / C295 Eurofighter FCAS / NGWS Unmanned Aerial Systems 37
Slide 38: Airbus is developing a drones portfolio addressing all customer missions
Airbus is developing a drones portfolio addressing all customer missions One Airbus offer One ambition ● Large portfolio spanning all drone ● Crewed - Uncrewed Teaming & classes & missions Interoperability ● Flexible partnerships to accelerate ● Demonstrated progress made on time-to-market autonomy
Slide 39: Space Systems at a glance
Space Systems at a glance: Recover as a sustainable & profitable European Champion in Space Systems Earth Observation Science and Telecommunication Navigation Space Products Exploration Pléiades Neo European Service Module Milsatcom / EuroStar Neo Galileo 2nd Gen Laser Terminal for Artemis Mission O
Slide 40: Connected Intelligence at a glance
Connected Intelligence at a glance: Strengthen our position to become a key European player in Multi-Domain Operations Cybersecurity Public Safety & Defence Digital Space Digital Security Products and solutions for Mission- and business- critical Integrated solutions for Earth Observation Cyber defe
Slide 41: JVs and Partnerships
JVs and Partnerships 37.5% 50% 46% 43% ~10.5% Airbus ownership Airbus ownership Airbus ownership Work share Airbus shareholding Consolidated Consolidated Consolidated Work share Investments at equity at equity at equity recognition €37bn €~3bn 721 a/c €43.2bn Order backlog FY’24 Order intake FY’24 O
Slide 42: Airbus Defence and Space focus areas for European Defence priorities
Airbus Defence and Space focus areas for European Defence priorities EU White Paper priority areas Addressable areas in Defence & Space portfolio Tanker MRTT Air & Missile Defence A400M Transport & Mission Aircraft Air Power Artillery Systems Combat Mass C2 & Connectivity Airpower Services Ammunitio
Slide 43: European Defence to boost European Military market
European Defence to boost European Military market Air Power Connected Intelligence Space Systems addressable market in €bn addressable market in €bn addressable market in €bn +9% ‘25-34 CAGR +9% ‘25-34 CAGR +6% ‘25-34 CAGR 2024 market share: ~30*% 2024 market share: ~15% 2024 market share: ~30% Sig
Slide 44: Mid-term outlook: Airbus Defence & Space
Mid-term outlook: Airbus Defence & Space 2028 Ambition Beyond 2028 In €bn Additional levers: €1bn+ European defence upside Costs structure optimisation Mid-to-high Enhanced efficiency Space turnaround plan single digit RoS Portfolio focus & Increased demand Bid selectivity - €0.6bn Accelerated devel
Slide 45: Way ahead into a new and volatile world
Way ahead into a new and volatile world Execute Invest Team up ● Operational excellence Targeted investments ● Capture the growth of into technologies where clear Space military market ● Transformation by creating scale customer perspective is given ● Prepare for ramp-up to ensure early market entry
Slide 46: Financials
FINANCIALS Thomas Toepfer Chief Financial Officer
Slide 47: Company's environment and trajectory
Company’s environment and trajectory 2025 Guidance Unchanged • European Defence Macroeconomic momentum • Uncertain global trade environment • Significant defence budget environment increase Company Growth in Business Trajectory Ramp-up services and transformation execution improved and improved prof
Slide 48: Driving earnings performance beyond 2024 level
Driving earnings performance beyond 2024 level Chart for illustrative purpose only - not to be scaled European Defence upside A320 Family Rates Stabilisation A220 / Widebody / Services Cost Efficiency Divisions FX / Hedging Pricing Spirit AeroSystems work packages €5.4bn NextGen Aircraft Prepare the
Slide 49: US Dollar Exposure
US Dollar Exposure Coverage policy and guiding principles Tools used Minimise the impact of Use of natural hedge currency exchange rate Forward contracts on EBIT Optimise cost of hedging Continuously search for efficiency Euro Conversion Coverage as of 31 March 2025 in $ billion Coverage portfolio ~
Slide 50: Cash conversion
Cash conversion 2022-2024 Cash conversion above 1, mainly supported by: Strong Order Intake across Divisions Efficient Working Capital in a phase of ramp-up Total FCF before Customer Financing generation: €13.8bn Target Total investments in CapEx: €9.2bn Cash Conversion of ~1 Trajectory Over a 5-yea
Slide 51: Use of cash: Zoom on Organic Investment
Use of cash Zoom on Organic Investment Disciplined investing in the business to support growth with a focus on existing and future programmes Main investments: Organic Investment • Continuous • New variants • Digitalisation development (eg: A350 Freighter) • Prepare the Future • Ramp-up across the b
Slide 52: Use of cash: Zoom on Shareholder Return
Use of cash Zoom on Shareholder Return Committed to sustainable growth in shareholder return Dividend per share evolution illustrative purpose only Organic Investment 30% to 50% payout ratio Shareholder Return Extended dividend payout ratio range: 30% to 50% Further actionable tools to return cash t
Slide 53: Use of cash: Zoom on Bolt-on M&A
Use of cash Zoom on Bolt-on M&A Only positive NPV, main targeted areas include: Airbus Defence & Commercial Aircraft Airbus Helicopters Space Organic Investment • De-risking & resilience • Digitalisation • Cybersecurity • Digitalisation • Services • Digitalisation • Services • Uncrewed • Services •
Slide 54: Confident in business growth, committed to increase shareholder value
Confident in business growth Committed to increase shareholder value Commercial aircraft Cash conversion of ~1 production rates confirmed over a 5-year horizon 2028 ambition: Extended dividend policy EBIT Adj. €1bn+ with payout ratio of RoS 11%+ 30% to 50% 2028 ambition: Long term upside from EBIT A
Slide 55: Closing Remarks
CLOSING REMARKS Guillaume Faury Chief Executive Officer
Slide 56: Primary actions fostering leadership
Primary actions fostering leadership Unwavering commitment to deliver on the commercial aircraft ramp-up Play a central role in reducing the European Defence capability gap Turnaround our Space business and leverage scale in European industry Leading the future of aerospace 5 pillars: Safety, Qualit
Slide 57: Business update June 2025
Business update 18 June 2025 eroren