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Airbus — Berenberg & Goldman Sachs Eighth German Corporate Conference 2019
7 slides from Airbus's conference presentation, Sep 23, 2019
Slide 1: Berenberg & Goldman Sachs Eighth German Corporate Conference
Berenberg & Goldman Sachs Eighth German Corporate Conference Munich 23 September 2019
Slide 2: Airbus at a Glance – As of FY18
AIRBUS AT A GLANCE – AS OF FY18 Deliveries by Programme (units) Airbus A320 78% Consolidated Airbus Passenger Aircraft, A350 12% External Revenue by Division Freighter Conversion, A330 6% Services A220 3% A380 1% Helicopters External Revenue Split € 63.7 bn Platforms Civil / Parapublic and 59% t/o d
Slide 3: A Robust Commercial Aircraft Environment
A ROBUST COMMERCIAL AIRCRAFT ENVIRONMENT 4.3% 25,000 annual Grow growth 39,210 Deliveries 14,210 22,680 Replace Fleet in service 8,470 ~39k Stay New deliveries 2019 2038 Strong & Resilient passenger traffic growth: ~40% of deliveries for replacement, ~60% for growth Notes: Passenger aircraft (≥100se
Slide 4: Competitive Aircraft Portfolio Underpins Record Backlog
COMPETITIVE AIRCRAFT PORTFOLIO UNDERPINS RECORD BACKLOG Solid and well diversified Backlog* 7,276 aircraft 23% 16% 13% 17% 42% Europe 25% North & CIS 8% 8% America Middle-East Asia Pacific 1% 3% 8% 7% Africa Latin America % Backlog as of end of June 2019 Lessors % Share of 2019-2038 new deliveries (
Slide 5: H1 2019 Performance & 2019 Guidance
5 H1 2019 PERFORMANCE & 2019 GUIDANCE Revenues in € bn & Deliveries in # units EBIT Adjusted in € bn #800 #880-890 #389 FY 18 #303 63.7 5.8 ~+15% 25.0 30.9 2.5 1.2 H1 2018 FY 2018 H1 2019 2019 H1 2018 FY 2018 H1 2019 2019 Guidance Guidance 2019 Guidance FCF before M&A and Customer Financing in € bn
Slide 6: Key Programme Update
KEY PROGRAMME UPDATE • Programme fully consolidated into Airbus since July 1st 2018 A220 • 78 aircraft now in operation. Customer interest confirmed with 95 firm orders and commitments at Le Bourget • Focusing on commercial momentum, production ramp-up and cost reduction • Backlog of 5,800+ aircraft
Slide 7: Deliver EPS & FCF Growth Potential
DELIVER EPS & FCF GROWTH POTENTIAL 2018 - 2021 EPS FCF Future Growth Growth Growth Potential A320neo EPS Growth A350 Volume & Price Margin improvement A350 A400M* Turning Profitable 2021+ A320 Higher Rate potential Boost A220** Competitiveness Boost Investment in Working Capital Competitiveness Digi
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