Slide 1: Analyst Conference | Annual Report 2023
ANALYST CONFERENCE | ANNUAL REPORT 2023 APRIL 23, 2024 MARCO FUCHS, CEO KURT MELCHING, CFO ANALYST CONFERENCE – ANNUAL REPORT 2023 // APRIL 23, 2024 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW ANALYST CONFERENCE – ANNUAL REPORT 2023 // APRIL 23, 2024 2
Slide 3: Strategy: OHB 2025 – Shaping the Future
STRATEGY: OHB 2025 – SHAPING THE FUTURE Scope Growth ▪ End-to-end space system provider ▪ Organic and inorganic growth ▪ Develop downstream portfolio ▪ M&A focus on downstream ▪ Extend satellites and systems portfolio ▪ Extend footprint in commercial market ▪ Extend rocket customer base, full launch
Slide 4: 2 out of 3 elements of the investment agreement completed
2 OUT OF 3 ELEMENTS OF THE INVESTMENT AGREEMENT COMPLETED KKR •A OHB capital raise for 10 % of current share capital subscribed for by KKR at a subscription price of EUR 44 per share ✓ ▪ Capital injection of EUR 77 million into OHB ▪ Capital raise at same share price as public takeover offer Fuchs f
Slide 5: Latest milestone: capital increase closed in December 2023
LATEST MILESTONE: CAPITAL INCREASE CLOSED IN DECEMBER 2023 Pro-forma shareholder structure after closing of the KKR becomes new minority investor by subscribing a 10 % transaction and capital increase cash capital increase into OHB in accordance with the (19,214,905 shares) agreements signed in Augu
Slide 6: Public takeover offer is well on track for completion
PUBLIC TAKEOVER OFFER IS WELL ON TRACK FOR COMPLETION CLOSING IS NOW ONLY SUBJECT TO REGULATORY APPROVALS ✓ ✓ ✓ ✓ ✓ Reasoned Announcement of Publication of statement by decision to make a the offer OHB Management / Announcement of Announcement of public takeover offer document Supervisory Board resu
Slide 7: Development of order backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2100 2121 1840 1875 1749 1600 1700 1600 1200 1000 834 534 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ANALYST CONFERENCE – ANNUAL REPORT 2023 // APRIL 23, 2024 7
Slide 8: The Group in brief
THE GROUP IN BRIEF FINANCIAL FIGURES IN EUR 000 2023 2022 Change in % Order backlog (December 31) 1,748,621 1,875,245 -7 Total revenues 1,182,845 1,001,276 +18 EBITDA 162,119 99,282 +63 EBIT 125,022 63,196 +98 Net profit after minorities 71,287 32,242 +121 EPS (EUR) 4.11 1.97 +109 Employees (Decembe
Slide 9: Development of financial key figures for the Group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP IN EUR MILLION Total revenues Profitability EBITDA EBIT 1183 162 1030 1001 901 917 125 99 78 77 84 63 49 42 47 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 FY 2023 EBIT margin: 10.6 % (2022: 6.3 %) ANALYST CONFERENCE – ANNUAL REPORT 2023 // APR
Slide 10: Financial outlook 2024-2026
FINANCIAL OUTLOOK 2024-2026 IN EUR MILLION Actual Outlook Total revenues 1.600-1.700 1.400-1.500 1.300-1.400 1183 1030 1001 901 917 2019 2020 2021 2022 2023 2024 2025 2026 ANALYST CONFERENCE – ANNUAL REPORT 2023 // APRIL 23, 2024 10
Slide 11: Financial outlook 2024-2026: margin development
FINANCIAL OUTLOOK 2024-2026 MARGIN DEVELOPMENT | ADJUSTED VALUES FOR OUTLOOK Actual Outlook EBITDA 13.7 % 8.5 % 9.2 % 9.9 % > 8.5 % > 10.0 % > 10.5 % 7.6 % 2019 2020 2021 2022 2023 2024 2025 2026 EBIT 10.6 % 6.3 % > 7.0 % > 7.5 % 4.7 % 4.7 % 5.1 % > 6.0 % 2019 2020 2021 2022 2023 2024 2025 2026 ANAL
Slide 12: Looking back at a successful 2023
LOOKING BACK AT A SUCCESSFUL 2023 ▪ Two successful launches for our German institutional customers ▪ Completed important milestones in various other large projects − Meteosat Third Generation − Hera − PLATO ▪ Selected as project coordinator for space-based early warning system for ballistic and hype
Slide 13: We seized growth opportunities across our smaller entities
WE SEIZED GROWTH OPPORTUNITIES ACROSS OUR SMALLER ENTITIES ▪ OHB Sweden − Artic Weather Satellite on schedule for launch in 2024 − Secured additional business for its InnoSat platform − Developed into a leading supplier for propulsion sub-systems ▪ OHB Czechspace − Significant workshare in the prepa
Slide 14: Positive outlook for the Ariane program
POSITIVE OUTLOOK FOR THE ARIANE PROGRAM ▪ Resolution passed by ESA member states at Space Summit 2023 − Provision of significant further funding for FM16 to FM42 → Up to EUR 340 million per year “We are back on track − European governments agreed to commit to ordering 4 Ariane 6 launches per year to
Slide 15: Rocket Factory Augsburg on track for market entry in 2024
ROCKET FACTORY AUGSBURG ON TRACK FOR MARKET ENTRY IN 2024 Major milestones achieved in 2023 ▪ Q1: Announcement of multi-year launch operations partnership with SaxaVord Spaceport which was also confirmed as the initial launch site ▪ Q2: − Successful integrated systems test campaign including a full
Slide 16: Strengthening industry ties through our participations
STRENGTHENING INDUSTRY TIES THROUGH OUR PARTICIPATIONS ▪ Strong progress at existing participation constellr (around 3 % shareholding) − OHB System selected to supply the payload for the first two microsatellites of the start-up’s planned constellation − Constellation selected as a Copernicus expans
Slide 17: Order intake of over EUR 1.5 billion expected for 2024
ORDER INTAKE OF OVER EUR 1.5 BILLION EXPECTED FOR 2024 2024 OUTLOOK – MAIN PROGRAMS & ACQUISITIONS IRIS2 Public secure communication Earth observation civil Harmony S3-Topo Radiometer CO2M (FM3) SATCOMBw MEO telecommunication LEO PNT Multi-layer navigation system Ariane 6 Maiden flight PoC 1 & 2 In-
Slide 18: Financial calendar 2024
FINANCIAL CALENDAR 2024 April 23, 2024 Annual report 2023/Analyst conference May 8, 2024 3-Month report/Analyst conference June 26, 2024 Annual General Meeting August 8, 2024 6-Month report/Analyst conference November 12, 2024 9-Month report/Analyst conference ANALYST CONFERENCE – ANNUAL REPORT 2023
Slide 19: Q&A
Q&A ANALYST CONFERENCE – ANNUAL REPORT 2023 // APRIL 23, 2024 19
Slide 20: Thank you!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 6426 Email: ir@ohb.de Web: www.ohb.de ANALYST CONFERENCE – ANNUAL REPORT 2023 // APRIL 23, 2024 20