Slide 1: Analysts Conference Q1/Three-Month Results 2022
ANALYSTS CONFERENCE | Q1/THREE-MONTH RESULTS 2022 MAY 11, 2022 MARCO FUCHS, CEO KURT MELCHING, CFO DR. LUTZ BERTLING, CSDO/CDO ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW GEOSYSTEMS CONSOLIDATED IN Q1 ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 2
Slide 3: Strategy: Shaping the Future - OHB 2025
STRATEGY: SHAPING THE FUTURE - OHB 2025 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 Holding Highlights
OHB HOLDING HIGHLIGHTS Expansion of the Management Board Daniela Schmidt joined the Management Board on January 1, 2022. This reflects the increased complexity in the corresponding areas Sustainability in particular will assume significantly greater importance within the group Areas of respons
Slide 5: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS Q1 dominated by … … project milestones MTG weather satellites Two successful PDRs for OHB Sweden Infrared Sounder instrument successfully Artic Weather Satellite on track for launch tested with remarkable results in 2024 Potential for a subsequent contract
Slide 6: Segment Highlights: Space Systems - EnMAP launch
SEGMENT HIGHLIGHTS SPACE SYSTEMS OHB celebrated successful EnMAP launch on April 1 Lift-off at 18:24 CEST from Cape Canaveral, Florida (USA) Successful deployment ~ 15 minutes later Launch and Early Orbit Phase (LEOP) completed on April 14, 2022 First images show the high quality of OHB’s work
Slide 7: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE US company Amazon contracted Arianespace, launch service provider for the European Ariane program, for the launch of parts of its Project Kuiper satellite constellation Largest contract in Arianespace’s history Total of 18 launches over three years Very positive im
Slide 8: Segment Highlights: Aerospace - Customer Diversification
SEGMENT HIGHLIGHTS AEROSPACE MT Aerospace further diversified its customer base Launcher business: Expansion of cooperation with Boeing materialized Chosen to supply cryogenic hydrogen tanks for the upper stage of NASAs new rocket Complements the supply of “Dome Gore Panels” for the rockets co
Slide 9: Segment Highlights: Digital - GEOSYSTEMS Acquisition
SEGMENT HIGHLIGHTS DIGITAL GEOSYSTEMS acquisition complements existing OHB DIGITAL portfolio … … it is in line with OHB’s strategy 2025 Excerpt: Develop downstream portfolio Strong market potential: EUR 6 billion addressable market for EO data services worldwide* … it generates value on both sid
Slide 10: Segment Highlights: Digital - GEOSYSTEMS
SEGMENT HIGHLIGHTS DIGITAL GEOSYSTEMS is a specialist for Geo-IT Established player with over 30 years of experience GEO-IT competence: Geodata processing, geoinformation, image processing (satellite, aerial, UAV, LiDAR), web-based applications Offering: Sales, consulting and support of custom
Slide 11: Segment Highlights: Digital - Further News
SEGMENT HIGHLIGHTS DIGITAL Further news underline the broad range of competencies within the segment Telescopes: MeerKAT extension project (MeerKAT+) in South Africa Major share of the 20 new parabolic antennas to be provided by OHB Digital Connect Project serves as a prototype for the largest
Slide 12: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 3000 2500 2000 1500 2632 2300 2439 2399 1000 2100 2121 1840 1956 1600 1700 1600 1200 500 1000 834 534 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 3m 2022 ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 12
Slide 13: The Group in Brief
THE GROUP IN BRIEF IN EUR 000 3m 2022 3m 2021 Change in % Order backlog (March 31) 1,955,736 2,537,853 -23 Total revenues 181,516 190,114 -5 EBITDA 19,942 20,246 -2 EBITDA margin 11.0 % 10.6 % +3 EBIT 11,429 11,374 0 EBIT margin 6.3 % 6.0 % +5 EBT 9,596 10,721 -10 Net profit after minorities 6,308 7
Slide 14: Development of Financial Ratios for the Group
DEVELOPMENT OF FINANCIAL RATIOS FOR THE GROUP IN EUR MILLION Total revenues EBITDA & EBIT 25 200 190 182 20.2 19.9 20 150 15 11.4 11.4 EBITDA 100 10 EBIT 50 5 0 0 3m 2021 3m 2022 3m 2021 3m 2022 3m 2022 EBIT margin: 6.3 % (3m 2021: 6.0 %) ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11,
Slide 15: Space Systems
SPACE SYSTEMS IN EUR MILLION Total revenues EBITDA & EBIT 180 16 14.7 15.2 160 152 14 143 140 12 120 10 8.9 100 7.9 8 EBITDA 80 EBIT 6 60 40 4 20 2 0 0 3m 2021 3m 2022 3m 2021 3m 2022 3m 2022 EBIT margin: 6.2 % (3m 2021: 5.2 %) ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 15
Slide 16: Aerospace
AEROSPACE IN EUR MILLION Total revenues EBITDA & EBIT 28 3 24 24 2 1.8 20 18 1 16 0.1 0 EBITDA 12 EBIT -0.2 -1 8 4 -2 -1.8 0 -3 3m 2021 3m 2022 3m 2021 3m 2022 3m 2022 EBIT margin: 0.3 % (3m 2021: -10.2 %) ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 16
Slide 17: Digital
DIGITAL IN EUR MILLION Total revenues EBITDA & EBIT 30 8 27 24 7 25 6 5.4 20 4.9 5 15 4 EBITDA 3.0 EBIT 3 2.6 10 2 5 1 0 0 3m 2021 3m 2022 3m 2021 3m 2022 3m 2022 EBIT margin: 10.8 % (3m 2021: 18.4 %) ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 17
Slide 18: Financial Guidance & Outlook 2022-2025
FINANCIAL GUIDANCE & OUTLOOK 2022-2025 IN EUR MILLION Actual Guidance + Outlook Total revenues 1600 1550 1418 1400 1310 1205 1200 1000 1030 1000 901 917 860 800 600 400 200 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 18
Slide 19: Financial Guidance & Outlook 2022-2025
FINANCIAL GUIDANCE & OUTLOOK 2022-2025 IN EUR MILLION Actual Guidance + Outlook EBITDA 200 166 150 135 115 84 97 100 65 78 77 59 50 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT CAGR: 27 % 150 124 96 100 77 48 49 60 44 42 47 50 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 ANALYSTS CONFERENCE
Slide 20: Assets
ASSETS IN EUR 000 March 31 2022 December 31 2021 Change in % Non-current assets 379,446 378,027 0 Property, plant and equipment 105,508 104,679 +1 Rights of use from leasing agreements 50,068 52,433 -5 Other intangible assets 123,879 125,160 -1 Others 99,991 95,755 +4 Current assets 617,010 582,820
Slide 21: Shareholder's Equity and Liabilities
SHAREHOLDER‘S EQUITY AND LIABILITIES IN EUR 000 March 31 2022 December 31 2021 Change in % Equity 264,399 252,621 5 Non-current liabilities and provisions 227,718 250,375 -9 Provisions for pensions 96,002 104,255 -8 Leasing liabilities 38,748 42,677 -9 Deferred tax liabilities 51,691 52,254 -1 Other
Slide 22: Financial Ratios
FINANCIAL RATIOS IN EUR MILLION 3m 2022 FY 2021 9m 2021 6m 2021 3m 2021 Free cash flow -89 -15 -83 -74 -30 Net debt 251 164 227 212 163 Net debt ex pensions 155 60 122 107 52 CAPEX (incl. financial assets) 3 23 14 9 6 Own work capitalized (additions) 2 16 6 5 2 ROCE 9% 12 % 10 % 11 % 11 % ANALYSTS C
Slide 23: 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 300 251 250 227 212 200 163 164 155 150 122 107 100 52 60 50 0 3m 2021 6m 2021 9m 2021 FY 2021 3m 2022 Net debt Net debt ex pensions ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 //
Slide 24: Development of Investment Spending
DEVELOPMENT OF INVESTMENT SPENDING AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 25 23 20 16 15 14 10 9 6 6 5 5 3 2 2 0 3m 2021 6m 2021 9m 2021 FY 2021 3m 2022 CAPEX Own work capitalised ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 24
Slide 25: 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 % 0 15 -10 14 -20 -15 13 -30 12 -40 -30 11 -50 10 -60 9 -70 8 -80 -74 7 -90 -83 6 -89 -100 5 3m 2021 6m 2021 9m 2021 FY 2021 3m 2022 3m 2021 6m 2021 9m 2021 FY
Slide 26: Financial Calendar 2022
FINANCIAL CALENDAR 2022 May 11, 2022 3-month report/Analysts conference June 1, 2022 Annual General Meeting August 11, 2022 6-Month report/Analysts conference November 10, 2022 9-Month report/Analysts conference November 22, 2022 DZ Bank Conference 2022, Frankfurt am Main November 28-30, 2022 German
Slide 27: Q&A
Q&A ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 27
Slide 28: Thank You!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 7200 Fax: +49 421 2020 613 Email: ir@ohb.de Web: www.ohb.de ANALYSTS CONFERENCE – Q1/THREE-MONTH RESULTS 2022 // MAY 11, 2022 28