Slide 1: Q1 2023 order intake and sales
Q1 2023 order intake and sales 5 May 2023 www.thalesgroup.com
Slide 2: Q1 2023 highlights
Q1 2023 highlights Global airline capacity evolution French defense budget vs same period in 2019(a) +7% €bn +5% +6% CAGR 2020 2021 2022 Jan 23 Feb 23 CAGR 68.9 CAGR 56.0 43.9 35.8 -14% -12% -28% -57% -49% 2019 2023 2027 2030 Ongoing air traffic 2024-30 military Further progress on recovery driving
Slide 3: Q1 2023 Key figures
Q1 2023 Key figures Change €m Q1 2023 Q1 2022 total organic Order intake 3,422 3,033 +13% +14% Sales 4,026 3,730 +7.9% +9.4% Solid Q1 order intake and sales, above full year guidance Q1 2023 order intake and sales - 3
Slide 4: Q1 2023 order intake
Q1 2023 order intake Order intake by contract unit value Robust commercial activity across all Organic segments growth €m +14% 3 large(a) orders booked in Q1 2023 • Italian earth observation constellation Unit value > €100m • New tranche of I-HAB European module €10m < for lunar gateway station Unit
Slide 5: Q1 2023 sales growth
Q1 2023 sales growth Q1 sales growth drivers Scope and currency impact: -1.5 point • 4 acquisitions closed last year, offset by €m Reported growth: +7.9% deconsolidation of IoT connectivity modules • Minimal currency impact Organic Robust organic sales growth, ahead of Scope Currency growth full yea
Slide 6: Aerospace: Q1 2023 key figures
Aerospace: Q1 2023 key figures Q1 Q1 Change 2023 2022 €m total organic Order intake 1,197 1,182 +1% -3% Sales 1,153 1,025 +12.4% +10.2% Order intake: strong civil aero demand offsets impact of high comps in Space • Aeronautics orders organically up double-digit • Space: lower value of large orders t
Slide 7: Defense & Security: Q1 2023 key figures
Defense & Security: Q1 2023 key figures Q1 Q1 Change 2023 2022 €m total organic Order intake 1,441 1,099 +31% +31% Sales 2,079 1,950 +6.6% +5.4% Order intake boosted by one large order(a) (vs none in Q1 22) • Strong growth in small orders(b) Robust, broad-based sales growth, in line with full year g
Slide 8: Digital Identity & Security (DIS): Q1 2023 key figures
Digital Identity & Security (DIS): Q1 2023 key figures Q1 Q1 Change 2023 2022 €m total organic Order intake 778 740 +5% +20% Sales 779 740 +5.2% +20.1% Reported sales growth impacted by deconsolidation of IoT connectivity modules Strong organic sales growth across the board • Biometrics (travel docu
Slide 9: 2023 financial objectives confirmed
2023 financial objectives confirmed Order intake Book-to-bill above 1 Sales +4% to +7% organic growth(a) corresponding to €18.0 to €18.5 billion(b) EBIT margin(c) 11.5% to 11.8%(a) (a) Assuming no new major disruptions of global supply chains, of the economic context, and of the health situation (b)
Slide 10: Appendix
Appendix www.thalesgroup.com
Slide 11: Upcoming events
Upcoming events Annual General Meeting 10 May 2023 Ex-dividend date (a) 23 May 2023 Dividend payment (a) 25 May 2023 H1 2023 Sales 21 July 2023 (before market opening) Q3 and 9m 2023 Sales 31 October 2023 (before market opening) (a) Subject to approval by the 10th May 2023 Annual General Meeting. Q1
Slide 12: Organic sales growth per quarter
Organic sales growth per quarter 2019 2020 2018 2021 2022 2019 2023 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Aerospace Defence & Security Digital Identity & Security Total(a) (a) Excluding the contribution from the Transport business from IFRS 5 accounting treatment for all years (Transport busines
Slide 13: Q1 2023 order intake by destination
Q1 2023 order intake by destination Q1 Q1 Change In € millions 2023 2022 Total Organic ROW France 786 558 +41% +42% ME United Kingdom 393 229 +71% +80% France Asia Rest of Europe 995 781 +28% +29% Europe 2,175 1,569 +39% +41% North America 487 860 -43% -44% AU/NZ Australia / NZ 108 168 -36% -31% Mat
Slide 14: Q1 2023 sales by destination
Q1 2023 sales by destination Q1 Q1 Change In € millions 2023 2022 Total Organic ROW France 1,262 1,188 +6.2% +6.4% ME United Kingdom 255 217 +17.6% +23.9% Rest of Europe 944 869 +8.6% +11.6% Asia France Europe 2,461 2,274 +8.2% +9.9% North America 560 495 +13.3% +9.8% AU/NZ Australia / NZ 176 233 -2
Slide 15: Q1 2023 order intake by operating segment
Q1 2023 order intake by operating segment Q1 Q1 Change €m 2023 2022 Total Organic Aerospace 1,197 1,182 +1% -3% Defense & Security 1,441 1,099 +31% +31% Digital Identity & Security 778 740 +5% +20% Other 6 11 Total 3,422 3,033 +13% +14% Q1 2023 order intake and sales - 15
Slide 16: Q1 2023 sales by operating segment
Q1 2023 sales by operating segment Q1 Q1 Change €m 2023 2022 Total Organic Aerospace 1,153 1,025 +12.4% +10.2% Defense & Security 2,079 1,950 +6.6% +5.4% Digital Identity & Security 779 740 +5.2% +20.1% Other 15 15 Total 4,026 3,730 +7.9% +9.4% Q1 2023 order intake and sales - 16
Slide 17: Transport: Q1 2023 key figures
Transport: Q1 2023 key figures Change Q1 Q1 2023 2022 €m total organic Order intake 503 349 +44% +45% Sales 385 377 +2.3% +4.0% Q1 2023 order intake and sales - 17
Slide 18: Definition of non-GAAP measures and other remarks
Definition of non-GAAP measures and other remarks Rounding of amounts in euros In the context of this presentation, the amounts expressed in millions of euros are rounded to the nearest million. As a result, the sums of the rounded amounts may differ very slightly from the reported totals. All ratio
Slide 19: Tour Carpe Diem 31 Place des Corolles 92098 Paris La Défense
Tour Carpe Diem 31 Place des Corolles 92098 Paris La Défense France ir@thalesgroup.com This presentation contains certain forward-looking statements. Although Thales believes that its expectations are based on reasonable assumptions, actual results may differ significantly from these forward-looking