Slide 1: Analyst Conference | Annual Report 2022
ANALYST CONFERENCE | ANNUAL REPORT 2022 MARCH 15, 2023 MARCO FUCHS, CEO KURT MELCHING, CFO ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 1
Slide 2: Business Segments
BUSINESS SEGMENTS ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 2
Slide 3: Space-based applications are of increasing relevance
SPACE-BASED APPLICATIONS ARE OF INCREASING RELEVANCE HOW DOES OHB USE ITS KNOWLEDGE AND SKILLS FOR THE BENEFIT OF ALL? “We utilize space to find answers to the complex questions of our time” Examples Constant Urgency availability Life on Earth and security: Digitalization: Complexity Data integrity
Slide 4: Annual Report 2022 Key Takeaways
ANNUAL REPORT 2022 KEY TAKEAWAYS Both profitability figures exceed guidance and represent the most successful year in the company's history EBITDA: EUR 99 million vs. EUR 97 million EBIT: EUR 63 million vs. EUR 60 million +23 % EBIT margin Total revenues reached EUR 1,001 million (above guid
Slide 5: Development of financial key figures for the Group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP IN EUR MILLION Total revenues EBITDA & EBIT 1000 1030 1001 99 901 917 84 78 77 65 63 EBITDA 48 49 47 42 EBIT 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 FY 2022 EBIT margin: 6.3 % (2021: 5.1 %) ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH
Slide 6: Space Systems
SPACE SYSTEMS IN EUR MILLION Total revenues EBITDA & EBIT 74 851 66 809 811 65 745 756 61 48 44 42 39 EBITDA 33 33 EBIT 2018 2019 2020* 2021 2022 2018 2019 2020* 2021 2022 FY 2022 EBIT margin: 5.9 % (2021: 4.4 %) * Pro-forma calculation due to the introduction of segment DIGITAL ANALYST CONFERENCE –
Slide 7: Aerospace
AEROSPACE IN EUR MILLION Total revenues EBITDA & EBIT 21 198 186 16 14 13 121 105 EBITDA 97 7 7 6 5 EBIT 1 -2 2018 2019 2020* 2021 2022 2018 2019 2020* 2021 2022 FY 2022 EBIT margin: 4.6 % (2021: 0.5 %) * Pro-forma calculation due to the introduction of segment DIGITAL ANALYST CONFERENCE – ANNUAL RE
Slide 8: Digital
DIGITAL IN EUR MILLION Total revenues EBITDA & EBIT 106 16 101 14 13 77 11 EBITDA 6 EBIT 5 2020* 2021 2022 2020* 2021 2022 FY 2022 EBIT margin: 10.1 % (2021: 13.9 %) * Pro-forma calculation due to the introduction of segment DIGITAL ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 8
Slide 9: Assets
ASSETS IN EUR 000 December 31, 2022 December 31, 2021 Change in % Non-current assets 358,840 378,027 -5 Property, plant and equipment 107,206 104,679 +2 Rights of use from leasing agreements 45,718 52,433 -13 Other intangible assets 124,371 125,160 -1 Others 81,545 95,755 -15 Current assets 721,889
Slide 10: Shareholder's equity and liabilities
SHAREHOLDER‘S EQUITY AND LIABILITIES IN EUR 000 December 31, 2022 December 31, 2021 Change in % Equity 293,468 252,621 +16 Non-current liabilities and provisions 261,237 250,375 +4 Provisions for pensions 71,616 104,255 -31 Leasing liabilities 36,786 42,677 -14 Deferred tax liabilities 62,847 52,254
Slide 11: Financial figures
FINANCIAL FIGURES IN EUR MILLION 2022 2021 2020 2019 Free cash flow -14 -15 28 4 Net debt 173 164 129 135 Net debt ex pensions 102 60 18 27 CapEx (incl. Financial assets) 20 23 21 21 Own work capitalized (additions) 12 16 14 10 ROCE 12 % 12 % 10 % 12 % ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARC
Slide 12: Development of the ratio net debt
DEVELOPMENT OF THE RATIO NET DEBT AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 173 164 135 129 107 102 60 27 18 7 2018 2019 2020 2021 2022 Net debt Net debt ex pensions ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 12
Slide 13: Development of investment spending
DEVELOPMENT OF INVESTMENT SPENDING AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 24 23 21 21 20 17 16 14 12 10 2018 2019 2020 2021 2022 CapEx Own work capitalized ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 13
Slide 14: Development of free cash flow and ROCE
DEVELOPMENT OF FREE CASH FLOW AND ROCE AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD Free cash flow in EUR million ROCE in % 39 14 28 12 12 12 4 10 -15 -14 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 14
Slide 15: Development of order backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2100 2121 1840 1875 1600 1700 1600 1200 1000 834 447 534 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 15
Slide 16: Financial guidance & outlook 2023-2026
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 *These developments partly influence our business planning: Increased energy costs and higher inflation / supply cha
Slide 17: Financial guidance & outlook 2023-2026
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 +34 % 85 63 70 48 49 42 47 2018 2019 2020 2021 2022 2023 2024 2025 2026 *These developments partly influence our business p
Slide 18: Business highlights 2022 (I)
BUSINESS HIGHLIGHTS 2022 (I) SEGMENT SPACE SYSTEMS Multiple successful satellite launches German environmental satellite EnMAP Small scientific satellite MATS First launch in the frame of the European weather satellite program MTG Order-intakes Instrument for ESA's ninth "Earth Explorer“
Slide 19: Business highlights 2022 (II)
BUSINESS HIGHLIGHTS 2022 (II) SEGMENTS AEROSPACE & DIGITAL AEROSPACE Milestones Successful engine test for the new developed launcher RFA ONE Successful maiden flight of the NASA‘s Space Launch System Order-intakes Ariane 6: 18 launches for the Amazon Kuiper constellation MT Aerospace:
Slide 20: Successful year for our small satellite portfolio
SUCCESSFUL YEAR FOR OUR SMALL SATELLITE PORTFOLIO WE OFFER STRONG PRODUCTS FOR GROWING DEMAND ON THE WORLDWIDE SMALL SATELLITE MARKET Several contracts for various Earth observation applications won in 2022 InnoSat Ongoing improvement efforts to increase the platforms’ versatility: Demonstration
Slide 21: Positive year for Earth observation domain
POSITIVE YEAR FOR EARTH OBSERVATION DOMAIN Successful project developments First German hyperspectral satellite EnMAP launched on April 1 Selected for the innovative instrument of FORUM, measuring the range of 15-100 μm within the far-infrared spectrum from space for the first time Selected
Slide 22: Germany is the largest ESA contributor for 2023
GERMANY IS THE LARGEST ESA CONTRIBUTOR FOR 2023 CURRENT ESA BUDGET (ANNUALIZED) ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 22
Slide 23: All eyes on European sovereignty
ALL EYES ON EUROPEAN SOVEREIGNTY Leading the development of future early missile warning capability through prime role in study phase and Phase 2 bid for Odin’s Eye Ongoing contributions to ensure independent access to space Successful engine tests at Rocket Factory Augsburg Integrated syste
Slide 24: IRIS²: Europe's new secure satellite constellation
IRIS²: EUROPE’S NEW SECURE SATELLITE CONSTELLATION Use case: Secure communication capacities for governments and businesses High-speed broadband access to cope with connectivity dead zones Technology: Quantum cryptography provided Platz für Schaubilder, by EuroQCI Screenshots oder Produktf
Slide 25: Impact of current exogenous factors is limited
IMPACT OF CURRENT EXOGENOUS FACTORS IS LIMITED Inflation Supply chain War in Ukraine Higher energy costs expected to increase our No general delays affecting the supply chain No negative financial implications for OHB operating expenses by EUR 3-5 million companies foreseeable at this point of t
Slide 26: Financial calendar 2023
FINANCIAL CALENDAR 2023 March 15, 2023 Annual report 2022/Analyst conference May 10, 2023 3-Month report/Analyst conference May 25, 2023 Annual General Meeting May 30 – June 1, 2023 Stockpicker Summit, Hauck Aufhäuser, Calvià (Spain) August 10, 2023 6-Month report/Analyst conference November 9, 2023
Slide 27: Q&A
Q&A ANALYST CONFERENCE – ANNUAL REPORT 2022 // MARCH 15, 2023 27
Slide 28: 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 – ANNUAL REPORT 2022 // MARCH 15, 2023 28