Slide 1: Annual report 2020
Annual report 2020 March 17, 2021 Analysts‘ conference Marco Fuchs, CEO Kurt Melching, CFO Dr. Lutz Bertling, CSDO/CDO
Slide 2: Impacts of the current Covid-19 pandemic
2 Covid-19 Impacts of the current Covid-19 pandemic Effects on financial ratios to date: Cash Flow: no negative impact, institutional customers are pro-actively supporting space industry Total Revenues: due to delays within our supply chain, a certain share of revenues planned for 2020 has been
Slide 3: New reporting structure of OHB SE
3 Annual report 2020 New reporting structure of OHB SE including fiscal 2020: from 2021/01/01 on: 2 reporting segments 3 reporting segments
Slide 4: OHB group structure and business segments
<OHB 4 wv SPACE SYSTEMS AEROSPACE MT Aerospace AG Augsburg, Germany 70% Rocket Factory Augsburg AG Augsburg, (GmbH &Co. KG* Peissenberg, Germany 34.3% AT Engine Mexico Aerotech ATC ‘S.A.P.I. de C.V.* Czech s.r.0.* ‘Space s.r.o.* Hermosillo, Klatovy, Mexico Czechia 17.5% 34.3% Satellites + Systems =
Slide 5: Annual report 2020
5 Business year 2020 Annual report 2020
Slide 6: Development of financial ratios for the group
6 Business year 2020 Development of financial ratios for the group in EUR million Total revenues EBITDA & EBIT 1200 80 78 77 1,000 1,030 1000 70 65 860 901 59 60 55 800 728 48 49 50 43 44 42 600 40 30 400 20 200 10 0 0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 EBIT-Margin: 4.6% (2019: 4.8%)
Slide 7: Development of the segment Space Systems
7 Business year 2020 Development of the segment Space Systems in EUR million Total revenues EBITDA & EBIT 1000 80 73 900 851 809 70 65 800 763 60 700 661 600 559 50 44 46 42 500 40 33 33 33 400 30 25 24 300 20 200 100 10 0 0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 EBIT-Margin: 6.0% (2019:
Slide 8: Development of the segment Aerospace + Industrial Products
8 Business year 2020 Development of the segment Aerospace + Industrial Products in EUR million Total revenues EBITDA & EBIT 250 30 26 212 25 198 21 21 21 200 186 176 20 17 16 146 15 14 150 10 7 100 5 4 0 50 -5 -5 0 -10 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 EBIT-Margin: -3,2% (2019: 3.8%)
Slide 9: Assets / EUR (000)
9 Business year 2020 Assets / EUR (000) 12/31/2019 12/31/2020 Change in % Non-current assets 348,625 376,417 +8 Property, plant and equipment 95,440 97,210 +2 Rights of use from leasing agreements 54,878 57,214 +4 Other intangible assets 116,309 121,174 +4 Others 81,998 100,819 +23 Current assets 58
Slide 10: Shareholder's equity and liabilities / EUR (000)
10 Business year 2020 Shareholder‘s equity and liabilities/ EUR (000) 12/31/2019 12/31/2020 Change in % Equity 200,830 223,326 +11 Non-current liabilities and provisions 224,223 252,415 +13 Provisions for pensions 108,252 110,964 +3 Leasing liabilities 42,561 46,125 +8 Deferred tax liabilities 38,31
Slide 11: Financial ratios (in EUR million)
11 Business year 2020 Financial ratios (in EUR million) FY 2019 3m 2020 6m 2020 9m 2020 FY 2020 Free Cash flow 4 -54 -64 -47 28 Net debt 135 192 207 194 129 Net debt ex pensions 27 84 101 88 18 CAPEX (incl. financial assets) 21 4 12 16 21 Own work capitalized (additions) 10 1 3 5 14 ROCE 12% 12% 12%
Slide 12: Development of the ratio net debt
12 Business year 2020 Development of the ratio net debt as of the balance sheet date of the respective reporting period / in EUR million 300 250 207 200 192 194 150 135 129 101 100 84 88 50 27 18 0 12m 2019 3m 2020 6m 2020 9m 2020 12m 2020 Net debt Net debt ex pensions
Slide 13: Development of investment spending
13 Business year 2020 Development of investment spending as of the balance sheet date of the respective reporting period / in EUR million 25 21 21 20 16 15 14 12 10 10 5 5 4 3 1 0 12m 2019 3m 2020 6m 2020 9m 2020 12m 2020 CAPEX Own work capitalised
Slide 14: Development of free cash flow / ROCE
14 Business year 2020 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 % 28 30 20 10 4 18 -10 16 12m 2019 3m 2020 6m 2020 9m 2020 12m 2020 -30 14 -50 12 -47 10 -70 -54 -64 8 -90 6 -110 4 -130 2 -150 0 12m 201
Slide 15: Development of order-backlog
15 Business year 2020 Development of order-backlog in EUR million Order-backlog as of 2020/12/31 at record high 2500 2000 1500 2,632 2,300 2,400 2,399 1000 2,100 2,063 1,600 1,700 1,600 1,200 500 1,000 834 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Order-intake F
Slide 16: Order-intake 2020 (topics)
16 Business year 2020 Order-intake 2020 (topics) Most of the order intake generated in 2020 was related to the area earth observation
Slide 17: Financial Guidance 2021 – total revenues
17 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) confirmed by the Management Board on t
Slide 18: Financial Guidance 2021 – EBITDA and EBIT
18 Business year 2021 Financial Guidance 2021 in EUR million Actual Guidance EBITDA 78 77 80 59 65 55 50 0 2016 2017 2018 2019 2020 2021 EBIT 44 48 49 45 50 43 42 0 2016 2017 2018 2019 2020 2021 Guidance 2021 (released in February 2021) confirmed by the Management Board on this occasion
Slide 19: Reduced production of Ariane 6: European launcher industry in distress
19 Aerospace Reduced production of Ariane 6: European launcher industry in distress MT Aerospace AG in Augsburg strongly affected Uncertainty about the position of Ariane 6 in the competitive commercial market: The strategic challenge for European policymakers is to redefine the business model und
Slide 20: Launcher
20 Business year 2021 Launcher © RFA © ESA NESTS (New European Space Transportation Solutions): Study on the future of European space transportation PHOEBUS (Prototype of a Highly Optimized Black Upper led by Rocket Factory Augsburg Stage): Development of an optimized upper stage for Ariane 6 made o
Slide 21: Third flagship programme of the European Commission
21 Business year 2020 Third flagship programme of the European Commission OHB System contributes to study the design, development and launch of a European-owned space-based communication system The study awarded by the EC on December 23, will consolidate the user and mission requirements and provi
Slide 22: GMS-T telecom satellite has proven full functionality
22 Business year 2021 GMS-T telecom satellite has proven full functionality Small satellite is the first of a planned constellation Successful launch of the satellite (January 20) happened only seven months after the start of engineering activities First prototype spacecraft for a planned new mu
Slide 23: Order-intake for another EO project: Arctic Weather Satellite (AWS)
23 Business year 2021 Order-intake for another EO project: Arctic Weather Satellite (AWS) Proto-Flight-Modell for a future constellation On March 9, OHB Sweden and ESA signed a contract for the realisation of the AWS, Volume: EUR 32.5 million The AWS is being developed to be the proto-flight mod
Slide 24: Small satellite platforms of OHB: designed for future constellations
24 Business oportunities Small satellite platforms of OHB: designed for future constellations Amount of booked / realized missions per 4 plattform InnoSat Telecom Earth observation European Secure Satellite Arctic weather Communication System constellation Telecom Earth observation 2 Eaglet Triton B
Slide 25: Q&A
25 Q&A Source: ESA