Slide 1: Three-Month Results 2011 Analysts' Conference Call
Three-Month Results 2011 Analysts’ Conference Call May 12, 2011
Slide 2: Highlights in the first three months 2011
HIGHLIGHTS 3M/2011 Highlights in the first three months 2011 Total revenues for the three months 2011 increased by 23 % to around EUR 120 million Operating O ti profit fit (EBITDA) came to t 8.8 8 8 EUR million illi (previous year 7.6 EUR million) EBIT of EUR 5.8 million and EPS of 0.24 Cent
Slide 3: Acquisition of Rheinmetall Italia's satellite business (1)
RECENT ACQUISITION – SATELLITE BUSINESS OF RHEINMETALL ITALIA Acquisition of Rheinmetall Italia’s satellite business (1) The transaction includes 12 highly qualified employees in Rome and the working capital of the projects p j MIOSAT, PRISMA and LARES Order backlog of EUR 7 million including su
Slide 4: Acquisition of Rheinmetall Italia's satellite business (2) Projects
RECENT ACQUISITION – SATELLITE BUSINESS OF RHEINMETALL ITALIA Acquisition of Rheinmetall Italia’s satellite business (2) Projects LARES Design, development, manufacturing, qualification and launch of a small satellite for laser ranging (prime contractor CGS) PRISMA Design, development, manufactu
Slide 5: The Group in brief Q1/2011
FINANCIALS 3M/2011 The Group in brief Q1/2011 (EUR 000) Q1/2011 Q1/2010 Δ Order backlog (March 31) 1 214 150 1,214,150 1 362 545 1,362,545 -11% 11% Total revenues 119,822 97,717 +23% EBITDA 8 82 8,827 7,594 94 +16% 16% EBIT 5,822 5,028 +16% EBT 5,247 3,662 +43% Net profit after minorities 4,236 2,38
Slide 6: Cash Flow
FINANCIALS 3M/2011 Cash Flow (EUR 000) 3M/2011 3M/2010 Net outflow/inflow of funds from operating activities -38,537 38 537 67 705 67,705 Net outflow of funds due to investment activities -11,142 -21,209 N t iinflow Net fl off funds f d from f financing fi i activities ti iti 7 713 7,713 6 667 6,667
Slide 7: Assets
FINANCIALS 3M/2011 Assets (EUR 000) 03/31/2011 12/31/2010 Δ Non-current assets 140,169 , 120,058 +20,111 - Property, plant and equipment 70,844 53,580 +17,264 - Other financial assets 16,244 15,354 +890 - Long-term securities 5,277 5,259 +18 - Others 47,804 45,865 +1,939 C Current tAAssets t 373 229
Slide 8: Shareholders' equity and liabilities
FINANCIALS 3M/2011 Shareholders‘ equity and liabilities (EUR 000) 03/31/2011 12/31/2010 Δ q y Equity 110,605 , 105,170 , 5,435 +5,435 Non-current liabilities 209,218 191,195 +18,023 and provisions - Provisions P i i ffor pensions i 81 492 81,492 74 292 74,292 +7,200 7 200 - Non-current advance payme
Slide 9: Balance sheet structure
FINANCIALS 3M/2011 Balance sheet structure (in percentage of total assets) Total assets Q1/2011: EUR 513 million Non-current Equity assets 27% 22% Non-current Current assets liabilities and 40% provisions thereof advance thereof 73% securities Current payments and cash liabilities 38% 25% 12% Assets
Slide 10: 3M/2011 – Space Systems
FINANCIALS 3M/2011 3M/2011 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 85.9 6.2 5.0 64.3 4.8 3.6 3M/2010 3M/2011 3M/2010 3M/2011 3M/2010 3M/2011 OHB Technology AG | May 12, 2011 | Page 10
Slide 11: 3M/2011 – Aerospace + Industrial Products
FINANCIALS 3M/2011 3M/2011 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 2.8 2.6 40.4 1.4 36.7 0.9 3M/2010 3M/2011 3M/2010 3M/2011 3M/2010 3M/2011 OHB Technology AG | May 12, 2011 | Page 11
Slide 12: Outlook 2011 business units in detail
OUTLOOK 2011 Outlook 2011 business units in detail Space Systems Galileo: satellite development Meteosat Third Generation (MTG): development EDRS: development EnMAP: satellite development TET-1: launch planned for H2/2011 LARES: payload delivery in summer 2011 Aerospace + Industrial Prod
Slide 13: Guidance 2011
OUTLOOK 2011 Guidance 2011 Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) >27 >600 >41 23 21 453 32 34 322 2009 2010 2011E 2009 2010 2011E 2009 2010 2011E OHB Technology AG | May 12, 2011 | Page 14
Slide 14: New OHB Group structure with two Business Units
BACKUP New OHB Group structure with two Business Units OHB Technology AG | May 12, 2011 | Page 15
Slide 15: Shareholders' structure
BACKUP Shareholders’ structure Status: 2011/03/31 T t l issued Total i d capital: it l 17,468,096 shares OHB Technology AG | May 12, 2011 | Page 16
Slide 16: The stock at a glance
BACKUP The stock at a glance EUR 3M/2011 3M/2010 High Xetra High, 17 45 17.45 18 34 18.34 Low, Xetra 10.82 11.40 Cl i price, Closing i X Xetra 13.10 15.13 Average daily trading volumes 36,194 105,577 (Xetra + floor) Market capitalization, Xetra 229 million 264 million Number of shares 17,468,096 17,
Slide 17: Analyst ratings
BACKUP Analyst ratings Date Institute Price Target Recommendation HSBC Trinkaus & March 2011 EUR 17.50 Overweight Burkhardt March 2011 Bankhaus Lampe EUR 16.50 Buy March 2011 DZ BANK EUR 17.00 Buy March 2011 VISCARDI EUR 22.00 Buy February 2011 Commerzbank EUR 20.00 Buy Februaryy 2011 WestLB EUR 18.
Slide 18: Calendar of events 2011
BACKUP Calendar of events 2011 Events Date Three-month report / conference call May 12 12, 2011 Annual general meeting May 12, 2011 Half-year report / conference call August 10 10, 2011 Nine-month report / conference call November 9, 2011 Analysts presentation Analysts’ N November b 21 -23, 23 2011
Slide 19: Contact
BACKUP Contact CEO Marco R. Fuchs +49-421-2020-664 IRO Michael Vér +49-421-2020-727 Internet: http://www.ohb-technology.de Email: ir@ohb-technology.de Fax: +49-421-2020-613 OHB Technology AG | May 12, 2011 | Page 20