Slide 1: Conference Call OHB SE Nine-month results
November 11, 2015 Conference Call OHB SE Nine-month results Marco Fuchs, Chief Executive Officer Kurt Melching, Director Finance & Controlling
Slide 2: Recent newsflow from the subsidiaries
Recent newsflow from the subsidiaries Company Headlines OHB System Next two Galileo-FOC satellites successfully launched on September 10 OHB System Achievement of major milestones in the SARah programme, good technical and programmatical progress in the telecommunication programmes CGS Contract sign
Slide 3: Project update Galileo
Project update Galileo Events Latest launch Galileo FOC satellites 5 & 6 lifted off on September 10 from Europe’s Spaceport in French Guiana on top of a Soyuz rocket Next launch Next two satellites were shipped to Kourou in October, launch campaign has begun, launch scheduled for December 17 … and b
Slide 4: The Group in brief 9M/2015
The Group in brief 9M/2015 EUR (000) 9M/2014 9M/2015 ∆ Order backlog (September 30) 2,101,660 1,873,406 -11% Total revenues 577,380 534,333 -7% EBITDA 40,724 37,433 -8% EBIT 30,514 28,659 -6% EBT 26,345 26,553 +1% Net profit after minorities 23,438 15,936 -32% EPS (EUR) 1.35 0.92 -32% Analyst confer
Slide 5: Pro forma results 9M/2014
Pro forma results 9M/2014 EUR (000) Group 9M/2014 9M/2014 9M/2015 ∆ pro forma Pro forma results 9M/2014 vs. 9M/2015 Total 577,380 534,912 534,333 0% revenues EBITDA 40,724 32,652 37,433 +15% EBIT 30,514 23,880 28,659 +20% Aerospace + 9M/2014 9M/2014 9M/2015 ∆ pro forma Industrial Pro forma results 9
Slide 6: Group results
Group results Total Revenues 9m 2015 700 600 577 (535) 534 472 EUR million 500 400 429 300 200 Blue coloured: pro-forma results for 100 0 9m 2014 deducting the results of the 9m 2012 9m 2013 9m 2014 9m 2015 former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA ATP has been consolidated i
Slide 7: Space Systems
Total revenues Space Systems 500 421 408 9m 2015 400 314 281 EUR million 300 200 100 0 9m 2012 9m 2013 9m 2014 9m 2015 EBITDA 30,00 25.3 25,00 20.8 21.3 21.8 20,00 15,00 10,00 5,00 0,00 9m 2012 9m 2013 9m 2014 9m 2015 EBIT 9M/2015: EBIT margin 4.02%, EBIT margin on own value added 9.50% 25,00 20.7 2
Slide 8: Aerospace + Industrial Products
Aerospace + Total Revenues 200,00 165 (122) Industrial Products 150,00 154 163 131 9m 2015 100,00 EUR million 50,00 0,00 9m 2012 9m 2013 9m 2014 9m 2015 EBITDA 25,00 19.5 (11.4) 20,00 15.7 15,00 12.6 10.1 10,00 5,00 0,00 9m 2012 9m 2013 9m 2014 9m 2015 9M/2015: EBIT margin 9.38%, EBIT margin on own
Slide 9: Guidance 2015
Full year 2015 Guidance 2015 guidance reiterated Total Revenues > 800 800 800 577 (535) 534 700 600 472 600 429 500 400 400 300 200 200 100 0 0 9m 2012 9m 2013 9m 2014 9m 2015 2015E EBITDA > 53 60,00 50 35.4 40.7 (32.7) 37.4 33.5 40 40,00 30 20,00 20 10 0,00 0 9m 2012 9m 2013 9m 2014 9m 2015 2015E E
Slide 10: Cash Flow / EUR (000)
Cash Flow / EUR (000) 9M/2014 9M/2015 Net outflow of funds for operating activities -30,490 -10,882 Net outflow of funds due to investment activities -7,279 -3,542 Net inflow of funds from financing activities 54,907 -2,043 Change in liquid funds 17,138 -16,467 Others -4,709 428 Liquid funds at the
Slide 11: Assets / EUR (000)
Assets / EUR (000) 12/31/2014 09/30/2015 ∆ Non-current assets 151,808 155,951 +4,143 Property, plant and equipment 54,270 53,162 -1,108 Other financial assets 23,539 22,595 -944 Other intangible assets 48,278 56,063 +7,785 Others 25,721 24,131 -1,590 Current assets 488,805 496,585 +7,780 Inventories
Slide 12: Shareholder’s equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 12/31/2014 09/30/2015 ∆ Equity 147,199 159,722 +12,523 Non-current liabilities and provisions 124,548 130,030 +5,482 Provisions for pensions 96,974 93,305 -3,669 Deferred tax liabilities 19,410 22,257 +2,847 Others 8,164 14,468 +6,304 Current liabilit
Slide 13: Shareholder’s structure
Shareholder’s structure November 2015 Treasury Stock Free Float Fuchs Pool Fuchs Pool 12,178,720 (69.72 %) Free Float 5,208,880 (29.82 %) Treasury Stock 80,469 (0.46 %) Total issued capital 17,468,096 Analyst conference call /OHB's 9-months report / November 11, 2015 13
Slide 14: Analyst ratings
Analyst ratings Date Institute Price target Recommendation November 2015 Equinet AG 22.50 EUR accumulate September 2015 HSBC Trinkaus & 22.00 EUR buy Burkhardt August 2015 DZ Bank 24.00 EUR buy August 2015 WGZ Bank 25.00 EUR buy August 2015 Commerzbank 22.00 EUR hold Analyst conference call /OHB's 9
Slide 15: The stock at a glance
The stock at a glance EUR 9M/2014 9M/2015 High, Xetra 25.06 23.60 Low, Xetra 17.45 16.59 Closing price, Xetra 19.90 17.65 Average daily trading volumes (Xetra + floor) 15,301 10,132 Market capitalization, Xetra 347,702,451 308,311,894 Number of shares 17,468,096 17,468,096 Analyst conference call /O
Slide 16: Financial calendar 2015/2016
Financial calendar 2015/2016 November 11, 2015 Nine-month report 2015, conference call November 24, 2015 Analyst presentation at Deutsches Eigenkapitalforum / Frankfurt February 16, 2016 Capital Market Day March 17, 2016 Annual press conference, FY 2015 / Bremen March 17, 2016 DVFA analyst conferenc