Slide 1: Conference Call OHB SE Q3/Nine-Month Results 2021
CONFERENCE CALL OHB SE Q3/NINE-MONTH RESULTS 2021 | NOVEMBER 10, 2021 MARCO FUCHS, CEO KURT MELCHING, CFO DR. LUTZ BERTLING, CSDO/CDO Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 1
Slide 2: Strategy: OHB 2025 Revised
STRATEGY: OHB 2025 REVISED EVALUATION AND ADJUSTMENTS MADE IN SEPTEMBER 2021 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 • Ext
Slide 3: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS OHB System secured future contract with SpaceLink Corp. for the development and production of four relay satellites Project High-bandwidth constellation located in MEO to stimulate demand for high-speed bandwidth # of satellite launches expected to increase by
Slide 4: Segment Highlights: Space Systems
SEGMENT HIGHLIGHTS SPACE SYSTEMS MOND Recent progress and successes H2Sat: Successful integration of platform and payload module in August Launch expected for 2023 15 years of geostationary operation planned OHB Sweden wins ESA contract for the demonstration and validation of a hyperspectral
Slide 5: Segment Highlights: Aerospace
SEGMENT HIGHLIGHTS AEROSPACE ESA Ministerial Council updates framework for European space transport Ariane 6 program: OHB views the framework update as clearly positive for Stressed the importance of independent European access to space the group Confirmed support for Ariane 6 consortium durin
Slide 6: Segment Highlights: Digital
SEGMENT HIGHLIGHTS DIGITAL Contract for operations of earth observation system LUXEOSys OHB Digital Connect and LuxSpace signed a service contract as part of the LUXEOps consortium The government funded satellite system is destined to provide high- resolution earth observation imagery launch i
Slide 7: Share Buyback Program
SHARE BUYBACK PROGRAM Shareholder structure (10/08/2021) Total issued capital - 17,468,096 shares The program was launched on June 25 and will be completed by March 31, 5,181,880 2022 at the latest shares; 29.66 % Current status Shares acquired: 77,000 Volume: 2,975,814.20 EUR 107,496 Aver
Slide 8: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 3000 Expectation 2021: Book-to-bill > 1 2500 2000 1500 2632 2300 2439 2399 2364 1000 2100 1700 1840 1600 1600 1200 500 1000 834 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 9m 2021 Q3/NINE-MONTH RESULTS 2021 CONFERENCE CA
Slide 9: The Group in Brief
THE GROUP IN BRIEF IN EUR 000 9m 2021 9m 2020 Change in % Order backlog (September 30) 2,364,207 2,018,703 +17 Total revenues 615,107 600,374 +2 EBITDA 59,405 55,541 +7 EBIT 32,695 30,081 +9 EBT 29,075 24,291 +20 Net profit after minorities 18,909 16,718 +13 EPS (EUR) 1.09 0.96 +14 Employees (Septem
Slide 10: Development of Financial Ratios for the Group
DEVELOPMENT OF FINANCIAL RATIOS FOR THE GROUP IN EUR MILLION Total revenues EBITDA & EBIT 800 70 700 59.4 60 55.5 600 615 600 50 500 40 400 32.7 EBITDA 30.1 30 EBIT 300 20 200 100 10 0 0 9m 2020 9m 2021 9m 2020 9m 2021 9m 2021 EBIT margin 5.3 % Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/202
Slide 11: Space Systems
SPACE SYSTEMS IN EUR MILLION Total revenues EBITDA & EBIT 600 60 501 51.6 489 500 50 40.1 400 40 32.1 300 30 EBITDA 19.6 EBIT 200 20 100 10 0 0 9m 2020 9m 2021 9m 2020 9m 2021 9m 2021 EBIT margin 3.9 % Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 11
Slide 12: Aerospace
AEROSPACE IN EUR MILLION Total revenues EBITDA & EBIT 90 5 4.6 81 4.2 80 4 70 67 60 3 50 2 EBITDA 40 EBIT 30 1 20 -0.8 0 0 10 0 -1 9m 2020 9m 2021 9m 2020 9m 2021 9m 2021 EBIT margin 0.0 % Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 12
Slide 13: First Official Reporting Year for Segment Digital
FIRST OFFICIAL REPORTING YEAR FOR SEGMENT DIGITAL IN EUR MILLION Total revenues EBITDA & EBIT 80 76 16 14.3 70 14 12.7 60 Pro forma 12 representation 10 50 39 8 Pro forma 40 representation EBITDA 6 EBIT 30 4 20 2 0 -0.9 10 0 0 -2 9m 2020 9m 2021 9m 2020 9m 2021 9m 2021 EBIT margin 16.8 % Q3/NINE-MON
Slide 14: Financial Guidance 2021
FINANCIAL GUIDANCE 2021 IN EUR MILLION Total revenues Actual Guidance 1200 1000 1030 1000 1000 901 860 800 728 600 400 200 0 2016 2017 2018 2019 2020 2021 Guidance 2021 (released in February 2021) confirmed by the Management Board on this occasion Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/
Slide 15: Financial Guidance 2021
FINANCIAL GUIDANCE 2021 IN EUR MILLION EBITDA Actual Guidance 100 78 77 80 80 65 55 59 60 40 20 0 2016 2017 2018 2019 2020 2021 EBIT 60 49 44 48 45 43 42 40 20 0 2016 2017 2018 2019 2020 2021 Guidance 2021 (released in February 2021) confirmed by the Management Board on this occasion Q3/NINE-MONTH R
Slide 16: Assets
ASSETS IN EUR 000 September 30 2021 December 31 2020 Change in % Non-current assets 362,896 376,417 -4 Property, plant and equipment 95,130 97,210 -2 Rights of use from leasing agreements 53,953 57,214 -6 Other intangible assets 118,725 121,174 -2 Others 95,088 100,819 -6 Current assets 636,301 535,
Slide 17: Shareholder's Equity and Liabilities
SHAREHOLDER‘S EQUITY AND LIABILITIES IN EUR 000 September 30 2021 December 31 2020 Change in % Equity 245,132 223,326 +10 Non-current liabilities and provisions 233,252 252,415 -8 Provisions for pensions 104,509 110,964 -6 Leasing liabilities 43,547 46,125 -6 Deferred tax liabilities 42,489 44,492 -
Slide 18: Financial Ratios
FINANCIAL RATIOS IN EUR MILLION 9m 2021 6m 2021 3m 2021 9m 2020 Free cash flow -83 -74 -30 -47 Net debt 227 212 163 194 Net debt ex pensions 122 107 52 88 CAPEX (incl. financial assets) 14 9 6 16 Own work capitalized (additions) 6 5 2 5 ROCE 10 % 11 % 11 % 11 % Q3/NINE-MONTH RESULTS 2021 CONFERENCE
Slide 19: 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 250 227 212 200 194 163 150 122 107 100 88 52 50 0 9m 2020 3m 2021 6m 2021 9m 2021 Net debt Net debt ex pensions Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 19
Slide 20: Development of Investment Spending
DEVELOPMENT OF INVESTMENT SPENDING AS OF THE BALANCE SHEET DATE OF THE RESPECTIVE REPORTING PERIOD | IN EUR MILLION 18 16 16 14 14 12 10 9 8 6 6 6 5 5 4 2 2 0 9m 2020 3m 2021 6m 2021 9m 2021 CAPEX Own work capitalised Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 20
Slide 21: 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 % 30 15 10 14 -10 9m 2020 3m 2021 6m 2021 9m 2021 13 -30 12 -30 11 -50 -47 10 -70 9 -90 -74 -83 8 -110 7 -130 6 -150 5 9m 2020 3m 2021 6m 2021 9m 2021 Q3/NINE-
Slide 22: Financial Calendar 2021/2022
FINANCIAL CALENDAR 2021/2022 November 10, 2021 9-month report/conference call November 22-24, 2021 German Equity Forum 2021 (virtual) November 30, 2021 DZ Bank conference (virtual) January 6-11, 2022 Oddo BHF Forum (virtual) January 18, 2022 Capital Market Day March 23, 2022 Analyst & press conferen
Slide 23: Q&A
Q&A Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 23
Slide 24: Thank You!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 720 Fax: +49 421 2020 613 Email: ir@ohb.de Web: www.ohb.de Q3/NINE-MONTH RESULTS 2021 CONFERENCE CALL // 11/10/2021 24