Figeac Aero Sa · EURONEXT:FGA
Figeac Aero Sa — 9M 2025/26 Earnings Presentation
22 slides from Figeac Aero Sa's earnings presentation, February 2026
Slide 1: The leading partner for major aerospace manufacturers
The leading partner for major aerospace manufacturers Investor presentation February 2026
Slide 2: Highlights
Highlights 1. 19th consecutive quarter of revenue growth New all-time high for quarter revenue 2. Acceleration of growth in Q3 Annual target in sight 3. Fire at the Aulnat facility 4. Aerospace market : a very strong 2025 Momentum likely to continue in 2026 5. Gradual improvements in supply chain pe
Slide 3: Market dynamics
AILAOD Market dynamics
Slide 4: Commercial: air traffic momentum & resiliency
01 Market dynamics Commercial: air traffic momentum & resiliency Passenger traffic (in RPK tn) 1990-2025 Growth drivers 12,0 Passenger traffic x5 Milliers ▪ Global economic growth ▪ Emerging economies 10,0 (South-East Asia, China & India) ▪ E-commerce growth 2026E 8,0 ▪ Passenger +4.9 % ▪ Cargo +2.6
Slide 5: Commercial: 2025 annual review
01 Market dynamics Commercial : 2025 annual review Deliveries Net orders Book-to-bill Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 136 170 201 286 793 204 198 112 375 889 1.1 -4.2% -6.1% +15.5% +6.3% +3.5% +20.0% +41.4% -66.9% +110.7% +7.6% 126 144 155 153 578 204 421 149 278 1,052 1.8 +57.5% +63.6% +38.4% +194.2%
Slide 6: Commercial: production rates set to increase to new record high
01 Market dynamics Commercial: production rates set to increase to new record high Order backlog Projected deliveries 2500 2000 2018 peak production 6 632 8 754 16,977 39% 1500 51% 1000 1 132 7% 459 500 3% Airbus Boeing Embraer COMAC 0 2018 2019 2020 2021 2022 2023 2024 2025 2026F 2027F 2028F 2029F
Slide 7: Commercial / Narrowbodies: A320 family
01 Market dynamics Commercial / Narrowbodies: A320 family Theoretical backlog duration1 > 11.8 years Order backlog Projected deliveries & program backlog 1800 Target rate : 75 / month by 2027 8000 1675 1600 Latest orders : 7500 A321 7197 7210 7163 Air China – 60 A321 5 348 Flydubai - 150 A321 1400 V
Slide 8: Commercial / Narrowbodies: B737 family
01 Market dynamics Commercial / Narrowbodies: B737 family Theoretical backlog duration1 > 11.0 years Order backlog Projected deliveries & program backlog Target rate : 42 / month by end 2025 1400 52 / month by end 2026 4855 5000 4785 4769 4675 1200 4517 Latest orders : 4289 Alaska Airlines – 105 B73
Slide 9: Commercial / Widebodies: A350 family
01 Market dynamics Commercial / Widebodies: A350 family Theoretical backlog duration1 > 14.6 years Order backlog Projected deliveries & program backlog 300 Target rate : 12 / month by 2028 900 281 830 Latest orders : 800 250 Air Europa – 20 A350-900 702 Flydubai - 40 A350-900 657 700 621 IndiGo – 30
Slide 10: Defense: Rafale
01 Market dynamics Defense: Rafale Theoretical backlog duration1 > 8.5 years Target rate : 4 / month by 2028/29 Projected deliveries & program backlog Target rate of 5 / month under review 100 250 Latest orders and news: 92 220 220 India – 26 Rafale F4 Marine 90 211 LOI Ukraine – 100 Rafale F4 [pote
Slide 11: Q3 & 9M revenue
GROUP Q3 & 9M revenue 2025/26
Slide 12: Q3 & 9M revenue 2025/26
02 Q3 & 9M revenue 2025/26 Q3 & 9M revenue Revenue (€m) Breakdown Q3 2025/26 9M 2025/26 9.1% OTHERS 17% 17.3% ROLLS ROYCE 1% AIRBUS ATLANTIC 26% DASSAULT AVIATION 1% +17.6% +11.2% +11.0% KNDS 1% THALES 1% +17.6% +12.7% org. +12.4% org. GKN 1% +17.8% org. LATECOERE 1% +17.8% org. AIRBUS HELICOPTERS 1
Slide 13: Sales momentum: Target 52% secured
02 Q3 & 9M revenue 2025/26 Sales momentum YTD 2025/26 Since PILOT 28 launch ▪ 7 new agreements for revenue €10m in FY28 ▪ 25 new agreements for revenue >€41m in FY28 New customers, new part numbers, increased market share ▪ In line with main areas of development: ▪ Major renewals & renegotiations No
Slide 14: Outlook
/TGEACALRRO GROUP Outlook
Slide 15: Strong and healthy backlog
03 Outlook Strong and healthy backlog Total backlog Aerospace backlog breakdown1 Total backlog breakdown by segment2 OTHER PROGRAMS 10% MILITARY 6% RAFALE 3% LEGACY 450 2% A320 28% €4.6bn GLOBAL 7500 3% 31 December 2025 E2 4% +1.2% A330 4% vs 31 October 2025 B737 9% COMMERCIAL 94% Increase linked to
Slide 16: Build rate poised to accelerate
03 Outlook Build rate poised to accelerate Improving bottlenecks Airbus Production back under control Boeing ▪ Narrowbody : ▪ B737 MAX : ▪ A320 engine: +28% LEAP in 2025, +15% in ▪ Transition from 38 B737 / mo to 42 / mo 2026, new LEAP-1A assembly line in Morocco ▪ MAX 10 certification entering fina
Slide 17: FY26 & FY28 guidance
03 Outlook FY26 & FY28 guidance FY25/26e FY27/28e 1 REVENUE €470-490m >€600m 2 CURRENT EBITDA €77-83m >17% 3 FREE CASH FLOWS €35-40m >€60m 4 LEVERAGE 3-3.5x <2x Investor presentation - February 2026 17
Slide 18: Q&A
Q&A
Slide 19: Appendices
GROUP Appendices
Slide 20: Strategic positions on the main aircraft programs
Appendices Strategic positions on the main aircraft programs Commercial programmes Military programmes A320 A320 A350 A350 B737 B737 Rafale RAFALE AEROSTRUCTURES AEROENGINES AEROSTRUCTURES AEROENGINES AEROSTRUCTURES AEROENGINES AEROSTRUCTURES AEROENGINES LEAP-1A TRENT XWB LEAP-1B M88 Shipset value1:
Slide 21: Aerospace & Defense recent transactions
Appendices Aerospace & Defense recent transactions Division aérostructures (offer rejected by Board) Acquirer Industrial Private equity Industrial Industrial Industrial Private equity Private equity Private equity Transaction Jan Jul Jun Dec Feb Feb Feb 2024 date 2026 2025 2025 2024 2024 2025 2025 E
Slide 22: Glossary
Appendices Glossary Term / indicator Definition OEM (Original Equipment Aircraft manufacturers, engine manufacturers and other airframers Manufacturer) Build-to-Print The manufacture of parts and sub-assemblies by a sub-contractor based on plans and specifications provided by the client OTD (O