Slide 1: Conference Call OHB SE Q2/Six-month results 2021
Conference Call OHB SE Q2/Six-month results 2021 August 11, 2021 Marco Fuchs, CEO Kurt Melching, CFO Dr. Lutz Bertling, CSDO / CDO
Slide 2: OHB covers all stages of the value chain
2 OHB covers all stages of the value chain development, Launchers, in-orbit operations exploitation of integration and testing access to space & terrestrial data generated of satellites services by space-based systems
Slide 3: OHB group structure and business segments
<OHB 3 WwW wW 4 SPACE SYSTEMS AEROSPACE DIGITAL OHB Digital Connect GmbH Bremen, Mainz & Gelsdorf, Germany 100% Rocket Factory OHB Teledata GmbH OHB Cosmos OHB Digital Bremen & International GmbH Services GmbH Oberpfaffenhofen, Bremen, Bremen, Germany Germany Germany 100% 100% 76.9% MT Management MT
Slide 4: SPACE SYSTEMS – New version of the Triton satellite platform
4 Q2/2021 SPACE SYSTEMS – New version of the Triton satellite platform Luxspace prepares intensively for the New Space market LuxSpace and ESA signed a contract for the development and qualification of the Triton-X heavy microsatellite platform Triton-X is a new line of microsatellites with a la
Slide 5: SPACE SYSTEMS – Order intake for refuelling system for Lunar Gateway
5 Q2/2021 SPACE SYSTEMS – Order intake for refuelling system for Lunar Gateway The Gateway will be an outpost orbiting the Moon OHB System AG and Thales Alenia Space (prime contractor for the programme) signed a contract on May 25 with regard to the realisation of the ESPRIT module (European Syste
Slide 6: SPACE SYSTEMS – Development and expansion of activities
6 Business year 2021 SPACE SYSTEMS – Development and expansion of activities Recent progress and successes OHB contributing to definition phase for Venus mission EnVision OHB leads design of future sovereign European missile defence programme OHB establishes geoengineering network Copernicus
Slide 7: AEROSPACE – Series production contract for Ariane 6
7 Q2/2021 AEROSPACE – Series production contract for Ariane 6 Supply agreement between MT Aerospace & ArianeGroup On April 30, the series production contract was signed which covers the components of the tanks and metallic structures of the upper stage and the central stage, the main components of
Slide 8: AEROSPACE – Boeing and MT Aerospace sign partnership agreement
8 Business year 2021 AEROSPACE – Boeing and MT Aerospace sign partnership agreement The companies will jointly explore additional collaboration opportunities The new Memorandum of Understanding is intended to further diversify and expand MT Aerospace’s supplier activities for Boeing MT Aerospace
Slide 9: AEROSPACE – RFA ONE: successful test marks significant milestone
9 Business year 2021 AEROSPACE – RFA ONE: successful test marks significant milestone Rocket Factory Augsburg AG has successfully tested its entire engine with staged combustion over eight seconds - this kind of test is regarded in the industry as proof that an engine is full functional, reaching
Slide 10: AEROSPACE – Development and expansion of activities
10 Q2/2021 AEROSPACE – Development and expansion of activities Recent progress and successes Rocket Factory Augsburg (RFA) secures launch site in Andøya, Norway RFA Portugal is awarded a contract to develop and qualify launcher structures MT Aerospace and ArianeGroup sign prototype development
Slide 11: DIGITAL – Contract for the delivery of a VGOS telescope
11 Q2/2021 DIGITAL – Contract for the delivery of a VGOS telescope OHB Digital Connect will be assembling the eleventh telescope in this series OHB Digital Connect GmbH received an order from the Italian company e-GEOS (end customer: Agenzia Spaziale Italiana) In addition to the assembling, OHB
Slide 12: DIGITAL – Order-intake from DB Energy
12 Business year 2021 DIGITAL – Order-intake from DB Energy OHB Teledata will deliver protection and station control technology for converter plant DB Energie's currently most powerful converter plant with a total capacity of 160 MVA is being built in Delitz near Leipzig OHB Teledata GmbH, as a
Slide 13: Share buyback program Shareholder structure
13 Business year 2021 Share buyback program Shareholder structure 2021/08/06 0.33% = The program was launched on June 25 57,496 shares and will be completed by March 31, 2022 29.95%= Overall program volume: up to 170,000 5,231,880 shares shares, respectively a total purchasing volume (excluding
Slide 14: Development of order-backlog in EUR million
14 6m/2021 Development of order-backlog in EUR million 2500 2000 Record high 1500 2,632 2,300 2,100 2,400 2,399 2,483 1000 2,063 1,600 1,700 1,600 500 1,200 1,000 834 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 6m 2021
Slide 15: OHB Group Microsatellite platform portfolio
OHB Group Microsatellite platform portfolio – addressing LEO constellations with modular solutions 15 Platform Eaglet M3 Platform – Multi InnoSat SML Series Triton Triton-X Mission Microsatellite Producer OHB Italia OHB Italia OHB Sweden LuxSpace LuxSpace Orbit Sun-synchronous dawn- Sun-synchronous
Slide 16: Small satellite platforms of OHB: designed for future constellations
16 Business year 2021 & beyond Small satellite platforms of OHB: designed for future constellations Amount of booked / realized missions per 4 plattform InnoSat Telecom Telecom European Secure Satellite Broadband constellation Communication System Earth observation Earth observation 2 Eaglet Triton
Slide 17: The Group in brief 6M/2021 in EUR (000)
17 6m 2021 The Group in brief 6M/2021 in EUR (000) 6m 2020 6m 2021 Change in % Order backlog (June 30) 1,560,226 2,482,510 +59 Total revenues 395,938 402,057 +2 EBITDA 36,591 39,299 +7 EBIT 19,874 21,409 +8 EBT 16,097 18,936 +18 Net profit after minorities 10,793 12,322 +14 EPS (EUR) 0.62 0.71 +15 E
Slide 18: Development of financial ratios for the group
18 6m 2021 Development of financial ratios for the group Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 500 50 450 425 45 404 396 402 39.3 400 354 40 36.0 36.6 350 35 29.3 300 30 25.8 250 25 19.3 21.0 21.7 21.4 19.9 200 20 150 15 100 10 50 5 0 0 6m 2017 6m 2018 6m 2019 6m 2020 6m 2021 6m 2017
Slide 19: Space Systems
19 6m 2021 Space Systems Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 400 50 339 326 45 350 315 322 40 300 34.9 261 35 250 30 28.9 28.9 200 25 22.1 20.2 17.8 20 150 15.1 14.7 15.2 15 11.2 100 10 50 5 0 0 6m 2017 6m 2018 6m 2019 6m 2020 6m 2021 6m 2017 6m 2018 6m 2019 6m 2020 6m 2021 6M/2021
Slide 20: Aerospace + Industrial products
20 6m 2021 Aerospace + Industrial products Total revenues / EUR (000) EBITDA & EBIT / EUR (000) 15 120 10.7 100 98 94 9.2 10 88 8.1 6.4 7.2 80 5 3.9 2.9 60 58 40 0 40 -0,4 6m 2021 6m 2017 6m 2018 6m 2019 6m 2020 20 -5 -0.4 -1,7 -4,8 0 -10 6m 2017 6m 2018 6m 2019 6m 2020 6m 2021 6M/2021 EBIT margin -
Slide 21: First official reporting (half-)year for segment DIGITAL in EUR million
21 6m 2021 First official reporting (half-)year for segment DIGITAL in EUR million Total revenues EBITDA & EBIT 52 11,7 10,7 Pro forma Pro forma representation representation 22 -0.9 -1.5 EBIT-Margin: 20.7% EBITDA EBIT EBIT-margin on own value added: 28.7%
Slide 22: Financial Guidance 2021 in EUR million
22 Business year 2021 Financial Guidance 2021 in EUR million Total revenues Actual Guidance 1,000 1,030 1,000* 1000 860 901 800 728 600 400 200 0 2016 2017 2018 2019 2020 2021 *contributions from each segment Percentage Guidance 2021 (released in February 2021) Space Systems <80% confirmed by the Ma
Slide 23: Assets / EUR (000)
23 6m 2021 Assets / EUR (000) 12/31/2020 06/30/2021 Change in % Non-current assets 376,417 382,631 3 Property, plant and equipment 97,210 96,668 0 Rights of use from leasing agreements 57,214 56,522 +1 Other intangible assets 121,174 119,387 +1 Others 100,819 110,054 +9 Current assets 535,661 584,03
Slide 24: Shareholder's equity and liabilities / EUR (000)
24 6m 2021 Shareholder‘s equity and liabilities/ EUR (000) 12/31/2020 06/30/2021 Change in % Equity 223,326 238,788 +7 Non-current liabilities and provisions 252,415 237,051 -6 Provisions for pensions 110,964 105,023 -5 Leasing liabilities 46,125 45,602 -1 Deferred tax liabilities 44,492 42,464 -5 O
Slide 25: Financial ratios (in EUR million)
25 6m 2021 Financial ratios (in EUR million) 6m2019 6m 2020 6m 2021 Free Cash flow -117 -64 -74 Net debt 237 207 212 Net debt ex pensions 139 101 107 CAPEX (incl. financial assets) 11 12 9 Own work capitalized (additions) 7 3 5 ROCE 13% 12% 11%
Slide 26: Development of the ratio net debt
26 6m 2021 Development of the ratio net debt as of the balance sheet date of the respective reporting period / in EUR million 300 250 237 207 212 200 150 139 101 107 100 50 0 6m 2019 6m 2020 6m 2021 Net debt Net debt ex pensions
Slide 27: Development of investment spending
27 6m 2021 Development of investment spending as of the balance sheet date of the respective reporting period / in EUR million 14 12 12 11 10 9 8 7 6 5 4 3 2 0 6m 2019 6m 2020 6m 2021 CAPEX Own work capitalised
Slide 28: Development of free cash flow / ROCE
28 6m 2021 Development of free cash flow / ROCE as of the balance sheet date of the respective reporting period Free cash flow / in EUR million ROCE in % 30 16 10 14 -10 12 6m 2019 6m 2020 6m 2021 -30 10 -50 8 -70 6 -64 -90 -74 4 -110 2 -130 -117 0 -150 6m 9m 12m 3m 6m 9m 12m 3m 6m 2019 2019 2019 20
Slide 29: Financial Calendar 2021
29 Business year 2021 Financial Calendar 2021 August 11, 2021 Six-month interim report 2021, webcast September 1, 2021 Commerzbank conference (virtual) November 10, 2021 Nine-month interim report 2021, webcast November 22-24, German Equity Forum 2021 (virtual) 2021 November 30, 2021 DZ Bank conferen