Slide 1: Conference Call OHB SE Six-month results
August 17, 2016 Conference Call OHB SE Six‐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 CGS CGS signed the conversion contract for the realisation of the MWI instrument for the European MetOp‐SG weather satellites Luxspace Order intake for LuxSpace and ORBCOMM: multi‐year service contract from European Maritime Safety Agency MT Me
Slide 3: Project update Galileo
Project update Galileo Events Latest launch Galileo‐FOC* satellites 9 & 10 were launched on top of a Soyuz rocket on May 24 from Kourou Next launch Four satellites on top of an ARIANE 5 rocket is planned to be launched in November 2016 (all satellites are already located at ESTEC and ready for shipm
Slide 4: The Group in brief 6M/2016
The Group in brief 6M/2016 EUR (000) 6M/2015 6M/2016 ∆ Order backlog (December 31, 2015 / June 30, 2016) 1,684,249 1,644,736 ‐2% Total revenues 315,290 316,361 +0% EBITDA 22,223 23,998 +8% EBIT 16,309 18,255 +12% EBT 14,734 15,717 +7% Net profit after minorities 8,681 9,062 +4% EPS (EUR) 0.50 0.52 +
Slide 5: Group results
Group results 500 Total Revenues 414 400 6m 2016 310 372 315 316 300 EUR million 272 200 100 Blue coloured line: pro‐forma results 0 for 6m 2013 and 6m 2014 deducting 6m 2013 6m 2014 6m 2015 6m 2016 the results of the former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA 30,00 27.9 23.0
Slide 6: Space Systems
Total revenues Space Systems 300 296 6m 2016 250 206 236 237 200 EUR million 150 100 50 0 6m 2013 6m 2014 6m 2015 6m 2016 EBITDA 20,00 15.8 14.9 15,00 13.5 12.5 10,00 5,00 0,00 6m 2013 6m 2014 6m 2015 6m 2016 EBIT 6M/2016: EBIT margin 4.8%, EBIT margin on own value added 9.7% 20,00 15,00 12.7 11.3 9
Slide 7: Aerospace + Industrial Products
Aerospace + Total Revenues 150,00 124 Industrial Products 100,00 108 82 82 6m 2016 70.3 82 50,00 EUR million 0,00 6m 2013 6m 2014 6m 2015 6m 2016 EBITDA 15,00 14.4 9.4 9.5 10,00 7.2 7.0 6.3 5,00 0,00 6m 2013 6m 2014 6m 2015 6m 2016 6M/2016: EBIT margin 9.0%, EBIT margin on own value added 9.4% EBIT
Slide 8: Guidance 2016
Full year 2016 Guidance 2016 guidance reiterated Total Revenues 750 414 800 400 315 316 700 310 600 500 200 400 300 200 100 0 0 6m 2013 6m 2014 6m 2015 6m 2016 2016E EBITDA 54 30,00 27.9 23.0 24.0 50 22.2 40 20,00 30 10,00 20 10 0,00 0 6m 2013 6m 2014 6m 2015 6m 2016 2016E EBIT 42 25,00 40 20.5 35 2
Slide 9: Cash Flow / EUR (000)
Cash Flow / EUR (000) 6M/2015 6M/2016 Net outflow of funds for operating activities ‐36,015 ‐67,012 Net outflow of funds due to investment activities ‐1,912 ‐6,789 Net inflow of funds from financing activities 34,270 54,554 Change in liquid funds ‐3,657 ‐19,247 Others 106 67 Liquid funds at the begi
Slide 10: Assets / EUR (000)
Assets / EUR (000) 31/12/2015 30/06/2016 ∆ Non‐current assets 165,775 187,380 +21,605 Property, plant and equipment 54,188 55,606 +1,418 Other financial assets 26,335 31,684 +5,349 Other intangible assets 61,057 73,948 +12,891 Others 24,195 26,142 +1,947 Current assets 472,950 501,056 +28,106 Invent
Slide 11: Shareholder's equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 31/12/2015 30/06/2016 ∆ Equity 168,751 177,363 +8,612 Non‐current liabilities and provisions 125,513 127,680 +2,167 Provisions for pensions 93,575 93,332 ‐0,243 Deferred tax liabilities 23,166 26,992 +3,826 Others 8,772 7,356 ‐1,416 Current liabilitie
Slide 12: Shareholder's structure
Shareholder’s structure August 2016 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 6‐month report / August 17, 2016 12
Slide 13: Analyst ratings
Analyst ratings Date Institution Price target Recommendation August 2016 Commerzbank 20.00 EUR hold August 2016 Equinet Bank 20.00 EUR neutral May 2016 WGZ Bank 21.00 EUR hold May 2016 Quirin Bank 25.00 EUR buy May 2016 DZ Bank 23.00 EUR buy May 2016 HSBC Trinkaus & 22.00 EUR buy Burkhardt Analyst c
Slide 14: The stock at a glance
The stock at a glance EUR 6M/2015 6M/2016 High, Xetra 23.60 20.78 Low, Xetra 16.59 17.02 Closing price, Xetra 17.45 17.91 Average daily trading volumes (Xetra + floor) 12.041 5.051 Market capitalisation, Xetra 304,818,275 312,853,599 Number of shares 17,468,096 17,468,096 Analyst conference call /OH
Slide 15: Financial calendar 2016
Financial calendar 2016 August 17, 2016 Six‐month report 2016, conference call November 16, 2016 Nine‐month report 2016, conference call November 21‐23, 2016 Analyst and investor presentation, German Equity Forum / Frankfurt am Main *Die FOC‐ (Full Operational Capability) Phase des Galileo‐Programms