Slide 1: Analyst Conference Q3/Nine-Month Results 2022
ANALYST CONFERENCE | Q3/NINE-MONTH RESULTS 2022 NOVEMBER 10, 2022 MARCO FUCHS, CEO KURT MELCHING, CFO DR. LUTZ BERTLING, CSDO/CDO ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 2
Slide 3: Shareholder Structure
SHAREHOLDER STRUCTURE ESTABLISHMENT OF THE FUCHS FAMILY FOUNDATION (COMPLETED AT THE BEGINNING OF Q4) Total issued capital - 17,468,096 shares Creating a sustainably stable and secure ownership structure Marco and Christa Fuchs will transfer their shares in full to a newly established family found
Slide 4: Successful Placement of Promissory Note Loan
SUCCESSFUL PLACEMENT OF PROMISSORY NOTE LOAN OHB SE SUCCESSFULLY PLACED FIRST PROMISSORY NOTE LOAN DESPITE HIGH UNCERTAINTIES IN THE MARKETS Transaction details Volume: EUR 70 million Value date: October 18, 2022 Maturities: 3, 5 and 7 years Purpose: General corporate finance Very positive r
Slide 5: 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 6: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS OHB assumes leading role in the space safety domain OHB Italia selected to supply four additional Flyeye telescopes Objective: Automatic detection of potential threats to orbital infrastructure and the Earth First telescope to be installed in Sicily in 2023 C
Slide 7: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS OHB’s small satellite portfolio attracts new customers OHB Sweden’s InnoSat platform selected for two Earth observation satellites 5th mission for the platform Once again proving its versatility and commercial competitiveness LuxSpace wins first customer for
Slide 8: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS November 4: Swedish science mission MATS successfully launched on Rocket Lab launcher from New Zealand Objective: Investigate waves in the atmosphere and their impact on climate Closing gaps in atmospheric research OHB Sweden acts as prime contractor for projec
Slide 9: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE Rocket Factory Augsburg starts test campaign for integrated upper stage systems Objective: Proving full functionality on individual component and overall system level Completion of the campaign planned for the end of 2022 Next step: Repeat test campaign for integra
Slide 10: Segment News: Aerospace
SEGMENT NEWS AEROSPACE Update on the overall Ariane 6 program – ESA media Briefing on October 19, 2022 First flight planned for fourth quarter of 2023 Industrial consortium is ramping up production for regular flights The first flight model of Ariane 6 will be shipped to French Guiana at the e
Slide 11: Segment Highlights: Digital
SEGMENT HIGHLIGHTS DIGITAL Latest telescope delivery underlines OHB’s leading role in the industry Another successful turn-key delivery for OHB Digital Connect World first capability: Fully automatic system for switching between primary and secondary operations Reduces the loss of observation
Slide 12: ESA Ministerial Council
ESA MINISTERIAL COUNCIL PARIS, 22-23 NOVEMBER 2022 Will take critical decisions for fostering the European space sector and bringing the benefits of space and its applications to citizens in Europe and worldwide ESA’s plans for the coming years reflect the needs of its Member States and a new am
Slide 13: Business Development – Key Topics (I)
BUSINESS DEVELOPMENT – KEY TOPICS (I) ESA Ministerial Conference in November Applications – Earth observation Next generation of the Copernicus program EE10 (Harmony) Applications – Telecommunications Quantum Key Distribution (SAGA) HydRON European secure communication constellation
Slide 14: Business Development – Key Topics (II)
BUSINESS DEVELOPMENT – KEY TOPICS (II) ESA Ministerial Conference in November Space Safety HERA Vigil Magnetograph Flyeye 2nd generation telescope (to be followed by a series) Space debris removal Advancements in in-orbit servicing Enabling & Support Independent access to space Upd
Slide 15: Business Development – Key Topics (III)
BUSINESS DEVELOPMENT – KEY TOPICS (III) Special fund for the German Federal Ministry of Defence (FMoD) amounting to EUR 100 billion approved in June Separated from annual budget Flexible usage in the upcoming years is possible Chancellor Scholz reassured that future annual defence expenditure
Slide 16: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2100 2121 1840 1859 1600 1700 1600 1200 1000 834 534 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9m 2022 ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 16
Slide 17: The Group in Brief
THE GROUP IN BRIEF FINANCIAL FIGURES IN EUR 000 9m 2022 9m 2021 Change in % Order backlog (September 30) 1,859,267 2,364,207 -21 Total revenues 694,496 615,107 +13 EBITDA 68,042 59,405 +15 EBIT 41,359 32,695 +27 EBT 40,036 29,075 +38 Net profit after minorities 26,098 18,909 +38 EPS (EUR) 1.50 1.09
Slide 18: Development of Financial Key Figures for the Group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP IN EUR MILLION Total revenues EBITDA & EBIT 695 68.0 615 59.4 41.4 EBITDA 32.7 EBIT 9m 2021 9m 2022 9m 2021 9m 2022 9m 2022 EBIT margin: 6.0 % (9m 2021: 5.3 %) ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 18
Slide 19: Space Systems
SPACE SYSTEMS IN EUR MILLION Total revenues EBITDA & EBIT 562 501 49.8 40.1 30.5 EBITDA 19.6 EBIT 9m 2021 9m 2022 9m 2021 9m 2022 9m 2022 EBIT margin: 5.4 % (9m 2021: 3.9 %) ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 19
Slide 20: Aerospace
AEROSPACE IN EUR MILLION Total revenues EBITDA & EBIT 87 9.9 67 EBITDA 4.6 4.5 EBIT 0 9m 2021 9m 2022 9m 2021 9m 2022 9m 2022 EBIT margin: 5.2 % (9m 2021: 0.0 %) ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 20
Slide 21: Digital
DIGITAL IN EUR MILLION Total revenues EBITDA & EBIT 76 69 14.3 12.7 8.3 EBITDA 6.5 EBIT 9m 2021 9m 2022 9m 2021 9m 2022 9m 2022 EBIT margin: 9.4 % (9m 2021: 16.8 %) ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 21
Slide 22: Financial Guidance & Outlook 2022-2025
FINANCIAL GUIDANCE & OUTLOOK 2022-2025 IN EUR MILLION Actual Guidance + Outlook Total revenues 1550 1418 1310 1205 1000 1030 901 917 860 2017 2018 2019 2020 2021 2022 2023 2024 2025 Guidance 2022 (released in January 2022): Uncertainties currently exist with regard to the achievement of the guidance
Slide 23: Financial Guidance & Outlook 2022-2025
FINANCIAL GUIDANCE & OUTLOOK 2022-2025 IN EUR MILLION Actual Guidance + Outlook EBITDA 166 135 115 84 97 65 78 77 59 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT CAGR: 27 % 124 96 77 48 49 60 44 42 47 2017 2018 2019 2020 2021 2022 2023 2024 2025 Guidance 2022 (released in January 2022) for EBIT
Slide 24: Assets
ASSETS IN EUR 000 September 30, 2022 December 31, 2021 Change in % Non-current assets 380,547 378,027 +1 Property, plant and equipment 106,623 104,679 +2 Rights of use from leasing agreements 45,190 52,433 -14 Other intangible assets 122,144 125,160 -2 Others 106,590 95,755 +11 Current assets 693,27
Slide 25: Shareholder's Equity and Liabilities
SHAREHOLDER‘S EQUITY AND LIABILITIES IN EUR 000 September 30, 2022 December 31, 2021 Change in % Equity 287,525 252,621 +14 Non-current liabilities and provisions 193,912 250,375 -23 Provisions for pensions 80,093 104,255 -23 Leasing liabilities 35,869 42,677 -16 Deferred tax liabilities 54,379 52,2
Slide 26: Financial Figures
FINANCIAL FIGURES IN EUR MILLION 9m 2022 6m 2022 3m 2022 FY 2021 9m 2021 Free cash flow -129 -137 -89 -15 -83 Net debt 287 292 251 164 227 Net debt ex pensions 207 211 155 60 122 CAPEX (incl. financial assets) 14 11 3 23 14 Own work capitalized (additions) 6 4 2 16 6 ROCE 10 % 10 % 9% 12 % 10 % ANAL
Slide 27: Development of Net Debt
DEVELOPMENT OF NET DEBT AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 292 287 251 227 211 207 164 155 122 60 9m 2021 FY 2021 3m 2022 6m 2022 9m 2022 Net debt Net debt ex pensions ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 27
Slide 28: Development of Investment Spending
DEVELOPMENT OF INVESTMENT SPENDING AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 23 16 14 14 11 6 6 4 3 2 9m 2021 FY 2021 3m 2022 6m 2022 9m 2022 CAPEX Own work capitalised ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 28
Slide 29: 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 % 14 12 -15 10 8 6 -83 -89 4 2 -129 -137 0 9m 2021 FY 2021 3m 2022 6m 2022 9m 2022 9m 2021 FY 2021 3m 2022 6m 2022 9m 2022 ANALYST CONFERENCE – Q3/NINE-MONTH R
Slide 30: Financial Calendar 2022/2023
FINANCIAL CALENDAR 2022/2023 November 10, 2022 9-Month report/Analyst conference November 22, 2022 DZ Bank Equity Conference 2022, Frankfurt am Main (FFM) November 28-30, 2022 German Equity Forum 2022, FFM January 9-10, 2023 ODDO BHF Forum, virtual January 16, 2022 UniCredit & Kepler Cheuvreux Germa
Slide 31: Q&A
Q&A ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 31
Slide 32: 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 ANALYST CONFERENCE – Q3/NINE-MONTH RESULTS 2022 // NOVEMBER 10, 2022 32