Airbus Se · EURONEXT:AIR
Airbus — Q1 2016 Earnings Presentation
11 slides from Airbus's earnings presentation, 2016
Slide 1: Airbus Group Q1 2016 Highlights
AIRBUS GROUP Q1 2016 HIGHLIGHTS BEIJING CONFERENCE
Slide 2: Q1 2016 Highlights
Q1 2016 HIGHLIGHTS 2 Robust commercial backlog of 6,716 aircraft, supporting production plans Q1 financials driven by back-loaded delivery schedule Continued focus on ramp-up and transition Progress on disposals 2016 guidance maintained * Pre-goodwill impairment and exceptionals
Slide 3: Q1 2016 Commercial Positioning
Q1 2016 COMMERCIAL POSITIONING 3 Airbus Group Order Book* Airbus Group External by Region (by value) Revenue Split by Division 10% 6% 21% 32% 11% € 957 bn* t/o Defence € 38 bn 8% € 12 bn t/o Defence € 2 bn 18% 71% 23% Europe North America Airbus Asia / Pacific Middle East Airbus Helicopters Latin Am
Slide 4: Q1 2016 Financial Performance
Q1 2016 FINANCIAL PERFORMANCE 4 Revenues EBIT* before one-off 64 4.13 in € bn / RoS (%) in € bn 5.4% 4.1% 12 12 0.65 0.50 Q1 2015 Q1 2016 Q1 2015 Q1 2016 EPS** before one-off FCF before M&A 3.41 1.2 in € bn -1.1 in € -3.0 0.45 0.38 Q1 2015 Q1 2016 Q1 2015 Q1 2016 FY Results * Pre-goodwill impairment
Slide 5: Q1 2016 Profitability
Q1 2016 PROFITABILITY 5 EBIT* Performance 1.24 Q1 2016 EBIT* reported of € 0.4 bn in € bn Q1 2015 EBIT* reported included € + 0.7 bn from Dassault capital gain Q1 2016 one-offs resulting from: 0.65 0.50 € - 136 m $ PDP mismatch / BS Revaluation 0.37 € 0 m Portfolio (€ 19 m at Airbus offset by
Slide 6: Currency Hedge Policy
CURRENCY HEDGE POLICY 6 IN $ BILLION Net Exposure Forward Sales as of March 2016 Collars as of March 2016 Forward Sales and Collars as of December 2015 6.0 4.3 24.3 24.1 4.2 17.3 17.5 8.9 Average hedge 2016 2020 2017 2018 ² 2019 rates remaining 9 months and beyond 1.32 1.29 1.25 1.25 1.24 € vs $ For
Slide 7: Q1 2016 Cash Evolution
Q1 2016 CASH EVOLUTION 7 IN € BILLION 0.4 - 2.8 - 0.6 - 0.1 - 0.4 Free Cash Flow before M&A 10.0 - 3.0 6.4 Net Cash position Gross Cash Flow Change in Cash used for M&A ** Dividends, Net Cash position Dec. 2015 from Operations Working Capital investing activities Pensions & Q1 2016 before M&A * Othe
Slide 8: 2016 Guidance
2016 GUIDANCE 8 As the basis for its 2016 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions 2016 earnings and FCF guidance is based on a constant perimeter In 2016, Airbus expects to deliver more
Slide 9: Building Blocks of Shareholder Value
BUILDING BLOCKS OF SHAREHOLDER VALUE 9 End of decade Boost Performance R&D Reduction A350 Turning Profitable A320 Volume and Price FX Impact € 3.43 EPS 2015 A330 Rate Reduction & Disposals in Defence & Space Significant EPS growth potential * box sizes for illustration purpose only
Slide 10: Driving Cash Performance
DRIVING CASH PERFORMANCE 10 CASH CONVERSION End of decade Capex Reduction Working Capital Control Business Performance 2015 FCF (before M&A) FCF generation & increasing cash conversion by end of decade * box sizes for illustration purpose only
Slide 11: Key Takeaways
KEY TAKEAWAYS 11 2016 Guidance maintained Robust and diversified backlog, supporting production plans Continued focus on ramp-up and transition EPS / FCF growth story confirmed, supported by divestments