Slide 1: Analyst Conference Q3/Nine-Month Results 2023
ANALYST CONFERENCE | Q3/NINE-MONTH RESULTS 2023 NOVEMBER 9, 2023 MARCO FUCHS, CEO KURT MELCHING, CFO DR. LUTZ BERTLING, CDO ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2023 // NOVEMBER 9, 2023 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2023 // NOVEMBER 9, 2023 2
Slide 3: Strategy: OHB 2025 – Shaping the Future
STRATEGY: OHB 2025 – SHAPING THE FUTURE Scope Growth ▪ End-to-end space system provider ▪ Organic and inorganic growth ▪ Develop downstream portfolio ▪ M&A focus on downstream ▪ Extend satellites and systems portfolio ▪ Extend footprint in commercial market ▪ Extend rocket customer base, full launch
Slide 4: OHB welcomes KKR to become long-term minority investor in OHB
OHB WELCOMES KKR TO BECOME LONG-TERM MINORITY INVESTOR IN OHB VIA CAPITAL INCREASE AND SEPARATE PUBLIC TAKEOVER OFFER KKR •A OHB capital raise for 10 % of current share capital subscribed for by KKR at a subscription price of EUR 44 per share ▪ Capital injection of EUR 77 million into OHB ▪ Capital
Slide 5: OHB with enhanced financial flexibility through KKR minority investment
OHB WITH ENHANCED FINANCIAL FLEXIBILITY THROUGH KKR MINORITY INVESTMENT TO IMPLEMENT THE CORPORATE STRATEGY ✓ ▪ KKR as the ideal long-term partner to support OHB group’s strategy to become the leading space solutions provider in Europe Strengthening of equity capital base ▪ Increased financial flexi
Slide 6: Public takeover offer allows OHB free float shareholders immediate realization of significant value
PUBLIC TAKEOVER OFFER ALLOWS OHB FREE FLOAT SHAREHOLDERS IMMEDIATE REALIZATION OF SIGNIFICANT VALUE Attractive premium for non-control transaction(1) ▪ ~ 36.6 % premium to share price of EUR 32.20 as of 04-Aug-23 EUR 44 offer price ▪ ~ 39.1 % premium to 3M VWAP of EUR 31.63 as of 04-Aug-23 ▪ ~ 19.9
Slide 7: Next steps in the public takeover process
NEXT STEPS IN THE PUBLIC TAKEOVER PROCESS Reasoned Announcement of Publication of statement by decision to make a the offer OHB Management / Announcement of Announcement of public takeover offer document Supervisory Board results final results Additional acceptance KKR to Review by Acceptance period
Slide 8: Final result of KKR's voluntary public takeover offer announced
FINAL RESULT OF KKR’S VOLUNTARY PUBLIC TAKEOVER OFFER ANNOUNCED DISTRIBUTION OF SHARES AFTER CLOSING OF THE TRANSACTION (TAKEOVER OFFER & CAPITAL INCREASE) Pro-forma shareholder structure after Management Board, Supervisory Board and KKR are very pleased with the closing of the transaction high acce
Slide 9: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS ▪ Successful integrations and test campaigns in multiple projects, e.g. − MTG − Hera − PLATO ▪ Acquisition of a 20 % stake in Berlin Space Technologies GmbH − Manufacturer of small satellites and components − Established in the Asian market with facilities for serial
Slide 10: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE ▪ Resolution passed by ESA member states at Space Summit 2023 marks a positive development for the Group − Ariane program: Provision of significant further funding for FM16 to FM42 − Rocket Factory Augsburg/Commercialization: Competition to deliver a space cargo return s
Slide 11: Segment Highlights: Digital
SEGMENT HIGHLIGHTS DIGITAL ▪ Multi-Mission Control Center completed and open for business ▪ Further expansion of our data-driven portfolio − New longwave infrared sensor successfully tested − Novel data source, bridging existing gaps − Enabling better informed decisions on urban development measures
Slide 12: Expected combined order intake over EUR 2 billion for 2023/2024
EXPECTED COMBINED ORDER INTAKE OVER EUR 2 BILLION FOR 2023/2024 ORDER INTAKE YEAR-TO-DATE AND OUTLOOK 2024 | IN EUR MILLION ▪ Order intake accelerated in Q3 Top 5 strategic captures in 2024 ▪ Order-intake expected to reach EUR 700 to 800 million for FY 2023 ▪ Frequency assurance − No significant los
Slide 13: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2100 2121 1840 1875 1742 1600 1700 1600 1200 1000 834 534 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 9m 2023 ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2023 // NOVEMBER 9, 2023 13
Slide 14: The Group in Brief
THE GROUP IN BRIEF FINANCIAL FIGURES IN EUR 000 9m 2023 9m 2022 Change in % Order backlog (September 30) 1,741,574 1,859,267 -7 Total revenues 737,016 694,496 +6 EBITDA 64,103 68,042 -6 EBIT 36,885 41,359 -11 Net profit after minorities 18,999 26,098 -27 EPS (EUR) 1.09 1.50 -27 Employees (September
Slide 15: Development of Financial Key Figures for the Group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP IN EUR MILLION Total revenues Profitability 737 EBITDA EBIT 695 659 600 615 68 64.1 57.9 59.4 55.5 41.4 36.2 36.9 30.1 32.7 9m 2019 9m 2020 9m 2021 9m 2022 9m 2023 9m 2019 9m 2020 9m 2021 9m 2022 9m 2023 9m 2023 EBIT margin: 5.0 % (9m 2022: 6.0 %) A
Slide 16: Financial Guidance & Outlook 2023-2026: Total Revenues
FINANCIAL GUIDANCE & OUTLOOK 2023-2026 IN EUR MILLION Actual Guidance + Outlook Total revenues 1573 1608 1328 1176 1000 1030 1001 901 917 2018 2019 2020 2021 2022 2023 2024 2025 2026 Guidance 2023 (released in January 2023) confirmed by the Management Board on this occasion. ANALYST CONFERENCE – Q3/
Slide 17: Financial Guidance & Outlook 2023-2026: EBITDA and EBIT
FINANCIAL GUIDANCE & OUTLOOK 2023-2026 IN EUR MILLION Actual Guidance + Outlook EBITDA 170 147 126 109 99 78 77 84 65 2018 2019 2020 2021 2022 2023 2024 2025 2026 EBIT 125 105 85 63 70 48 49 42 47 2018 2019 2020 2021 2022 2023 2024 2025 2026 Guidance 2023 (released in January 2023): Uncertainties ex
Slide 18: Q&A
Q&A ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2023 // NOVEMBER 9, 2023 18
Slide 19: Thank You!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 7200 Email: ir@ohb.de Web: www.ohb.de ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2023 // NOVEMBER 9, 2023 19