Slide 1: Q1 2015 Results 2015 Roadshow Presentation
1 Q1 2015 RESULTS 2015 ROADSHOW PRESENTATION
Slide 2: Performance Highlights – Focus on Execution
2 PERFORMANCE HIGHLIGHTS – FOCUS ON EXECUTION Strong financial FY14 performance… Revenues: € 61 bn, +5% vs. 2013 EBIT* before one off: € 4.1 bn, +15% vs. 2013 EPS: € 2.99, +61% vs. 2013 FCF: € 2.0 bn, up € +2.8 bn vs. 2013 Proposed DPS: € 1.20, +60% vs. 2013 …and on track after first quarter to deli
Slide 3: Positive Market Environment
3 POSITIVE MARKET ENVIRONMENT World real GDP and passenger traffic Source: IHS Economics, OAG, Airbus March 2015 % (year -over -year) Passenger Traffic 8% 6% +5.4% 4% 2% 0% World real GDP World passenger traffic (ASKs) -2% -4% Q1 J MQ2 M Q3 J S Q4 N Q1 J MQ2 M Q3 J S Q4 N Q1 J MQ2 M Q3 J SQ4 N Q1 J
Slide 4: Q1 2015 Commercial Environment
4 Q1 2015 COMMERCIAL ENVIRONMENT Airbus Group Airbus Group Order Intake* by Segment (by value) Order Book* by Region (by value) Other countries Airbus D&S 11% Latin America 9% Airbus Helicopters 5% 7% Asia Pacific 31% Middle-East 13% € 21 bn € 955 bn** t/o Defence: € 2 bn t/o Defence: € 40 bn 19% Ai
Slide 5: Airbus Backlog at Q1 2015 by Region vs. 20 Year Forecast
5 AIRBUS BACKLOG AT Q1 2015 BY REGION VS. 20 YEAR FORECAST 6,353 Europe Aircraft in North & CIS Middle backlog at America 16% East Q1 2015 11% 7% Africa Latin America 1% Lessors Asia 6% Pacific 21% 27% * Based on units, 11% undisclosed customers not shown in backlog
Slide 6: Currency Hedge Policy
6 CURRENCY HEDGE POLICY in US$ bn 25.3* 5,7 • Forward Sales as of Mar. 2015 • As of Dec. 2014 23,0 22,6 19,6 16.9 11.9 Average hedge rates 2015 2016 2017 2018 2019 and beyond 1.35 1.33 1.31 1.29 1.31 € vs $ ( 1.35 in Dec. 14 ) ( 1.33 in Dec. 14 ) ( 1.32 in Dec. 14 ) ( 1.33 in Dec. 14 ) ( 1.36 in Dec
Slide 7: Strong Product Portfolio
7 STRONG PRODUCT PORTFOLIO Product portfolio positioned to Strong business model and new Global leader in Space, Military capture growth products to drive our future Aircraft, Missiles and related • A320 production rate increase to Systems & Services 50/month with healthy overbooking In 2014, certif
Slide 8: Focus on Core
8 FOCUS ON CORE © J. Gietl Airbus Defence & Space Competitive business pillars clearly identified Reinforcing leadership position Streamlining portfolio Disposal of two tranches of Dassault Aviation, remaining stake of 23%
Slide 9: Incremental Innovation to Sustain Performance
9 INCREMENTAL INNOVATION TO SUSTAIN PERFORMANCE New Development Programmes • Delivering long term profitability • But require high upfront investment • And Learning curve weighs on early production phase Incremental Upgrades Extend life of profitable programmes With a fraction of investment Less ris
Slide 10: Q1 2015 Financial Performance
10 Q1 2015 FINANCIAL PERFORMANCE Revenues EBIT* before one-off 6.7% 6.2% 4.07 61 62 3.57 58 in € bn / RoS (%) in € bn 6.1% 5.5% 5.4% 12 13 12 0.73 0.70 0.65 Q1'13 FY'13 Q1'14 FY'14 Q1'15 FY'15 Q1'13 FY'13 Q1'14 FY'14 Q1'15 FY'15 Guidance Guidance EPS** before one-off FCF before M&A 1.1 in € bn 3.36
Slide 11: Q1 2015 Profitability
11 Q1 2015 PROFITABILITY EBIT* performance 1.24 Q1 2015 EBIT* reported +73% Q1 2015 one-offs resulting from: € + 697 m Sale of Dassault Aviation shares 0.70 0.72 0.65 € + 43 m AD&S Portfolio € - 150 m $ PDP mismatch / BS Revaluation in € bn € + 590 m Net one-offs EBIT* before one-off EBIT* Reported
Slide 12: Q1 2015 Cash Evolution
12 Q1 2015 CASH EVOLUTION in € bn Free Cash Flow* before M&A -1.1 * thereof capex of € - 0.5 bn; ** M&A transactions include acquisitions and disposals of subsidiaries and businesses
Slide 13: Guidance 2015
13 GUIDANCE 2015 As the basis for its 2015 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions Airbus deliveries should be slightly higher than in 2014, and the commercial aircraft order book is expec
Slide 14: Building Blocks of Airbus Group Shareholder Value
14 BUILDING BLOCKS OF AIRBUS GROUP SHAREHOLDER VALUE 2.99 EPS 1.86 1.46 2012 2013 2014 End of the decade * Before FX one-offs 1.20 DPS 0.75 0.60 2012 2013 2014 End of the decade
Slide 15: Conclusion
15 CONCLUSION Strong commercial aircraft market fundamentals Strengthening US Dollar enhancing our profitability in 2017 and beyond Efficient and highly competitive product policy and portfolio Sound strategy: focus on core activities Dedicated to enhancing competitiveness, attacking cost and contin