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Airbus — EADS — Shareholder Meeting (June 2010)
18 slides from Airbus's shareholder meeting presentation, Jun 1, 2010
Slide 1: Annual General Meeting 2010
Amsterdam, 1st June 2010 Annual General Meeting 2010
Slide 2: Annual General Meeting 2010
Annual General Meeting 2010 Amsterdam, 1st June 2010 Louis Gallois CEO
Slide 3: Safe Harbour Statement
9 Safe Harbour Statement Disclaimer This presentation includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking
Slide 4: Contents
Contents 10 Group Highlights Financial Highlights Divisional Performance Guidance
Slide 5: Group Highlights: FY 2009
Group Highlights: FY 2009 11 Challenging Commercial Environment • Airbus: 310 new commercial orders (271 net) ; 3,488 commercial aircraft in order book • Eurocopter: 344 net orders ; 1,303 helicopters in order book • Astrium: 35 Ariane 5 launchers and 7 telecom satellites orders • Defence order book
Slide 6: A400M update
A400M update 12 Signature of a principle agreement in which the nation customers agree to: • Increase the price of the contract by € 2 bn • Waive all liquidated damages related to current delays • Provide an additional amount of € 1.5 bn in exchange for a participation in future export sales (Export
Slide 7: Group Highlights: Q1 2010
Group Highlights: Q1 2010 13 Business Highlights • Signs of improvement in commercial aircraft environment • Deliveries: 122 commercial aircraft ; 86 helicopters • Order book: € 416 bn of which Defence € 57.7 bn • A400M: – Second aircraft has joined the flight test programme – Working towards the co
Slide 8: Efficiency and Integration
Efficiency and Integration 14 Power8: € 2 bn gross savings in Airbus by end 2009 • ~8,000 overhead positions reduced in 2009 ; working on 2,000 positions to be reduced in 2010 • Supply chain streamlining and logistics integration • Lean manufacturing implemented across all sites Power8 Plus: € 1 bn
Slide 9: Contents
Contents 15 Group Highlights Financial Highlights Divisional Performance Guidance
Slide 10: Financial Highlights
Financial Highlights 16 in € bn Q1 2010 FY 2009 FY 2008 Revenues 9.0 42.8 43.3 of which Defence 1.9 10.8 11.0 EBIT* before one-off 0.15 2.2 3.3 EBIT* 0.08 (322) 2,830 Order intake 14.4 45.8 98.6 in € bn Mar. 2010 Dec. 2009 Dec. 2008 Total Order book** 415.8 389.1 400.2 of which Defence 57.7 57.3 54.
Slide 11: Profit & Loss Highlights
Profit & Loss Highlights 17 Q1 2010 FY 2009 FY 2008 in % of in % of in % of €m Revenues €m Revenues €m Revenues EBIT* 83 0.9% (322) (0.8%) 2,830 6.5% Self-financed R&D** 572 6.4% 2,825 6.6% 2,669 6.2% EBIT* before R&D 655 7.3% 2,503 5.8% 5,499 12.7% Interest result (53) (147) 36 Other financial resu
Slide 12: Free Cash Flow
Free Cash Flow 18 in € m Q1 2010 FY 2009 FY 2008 Net cash position at the beginning of the period 9,797 9,193 7,024 Gross Cash Flow from Operations* 386 2,423 4,571 Change in working capital (1,112) 15 (172) of which Customer Financing (152) (406) (327) Cash used for investing activities** (398) (1,
Slide 13: Contents
Contents 19 Group Highlights Financial Highlights Divisional Performance Guidance
Slide 14: 2009 Divisional Highlights
2009 Divisional Highlights 20 Airbus Airbus Eurocopter Astrium Defence Other Commercial Military & Businesses Security FY 2009 in billion € Order intake 23.5 0.6 5.8 8.3 7.9 1.0 Order book 320.3 20.7 15.1 14.7 18.8 2.0 Revenues 26.4 2.2 4.6 4.8 5.4 1.1 EBIT* 0.4 (1.8) 0.3 0.3 0.4 0.02 Airbus Divisio
Slide 15: Contents
Contents 21 Group Highlights Financial Highlights Divisional Performance Guidance
Slide 16: 2010 Outlook
2010 Outlook 22 Commercial Cycle • Group fundamentally solid. Economic environment improving but still volatile • Resilient backlog: 3,426 a/c in Airbus ; 1,301 in Eurocopter and strong backlog in the Space and Defence businesses • Airbus gross orders 2010: 250-300 a/c, based on a number of active c
Slide 17: 2010 Top Objectives
2010 Top Objectives 23 • Deliver on Key Programmes • A400M • A380: first signs of improvement • A350 XWB: entry into service in 2013 ; some buffers consumed • NH90 • Saudi border surveillance • Efficiencies • Integration • Margin growth and cash management
Slide 18: Make Vision 2020 Happen
Make Vision 2020 Happen 24 • Prepare for future programmes through innovation Mid-life upgrade Ariane 5 Future commercial aircraft Talarion and Ariane 6 and helicopters Advanced UAV • Balanced revenues: € 80 bn ; 50% outside Airbus by 2020 • Services: worth € 20 bn by 2020 • Moving towards eco-effic