Slide 1: Conference Call OHB SE Three-month results
May 10, 2017 Conference Call OHB SE Three-month results Marco Fuchs, CEO Kurt Melching, Director Finance & Controlling
Slide 2: Recent newsflow from the subsidiaries
Recent newsflow from the subsidiaries Company Headlines OHB System First SmallGeo satellite (customer Hispasat) launched successfully on January 27 OHB System Proposal for further 8 satellites for the European Navigation system Galileo selected by EC and ESA MT Mechatronics Order-intake for the cons
Slide 3: Project update Galileo
Project update Galileo Events Next launch Four satellites will be launched on top of an ARIANE 5 rocket in late 2017 Status of Production of the remaining ordered satellites: production 7 satellites are currently located in our cleanrooms, implementation of corrective measures on these work order II
Slide 4: The Group in brief 3M/2017
The Group in brief 3M/2017 EUR (000) 3M/2016 3M/2017 ∆ Order backlog (March 31) 1,743,589 1,523,447 -13% Total revenues 157,369 165,319 +5% EBITDA 10,676 12,727 +19% EBIT 7,829 9,416 +20% EBT 7,069 8,708 +23% Net profit after minorities 4,540 5,382 +19% EPS (EUR) 0.26 0.31 +19% Analyst conference ca
Slide 5: Group results
Group results Total Revenues 3m 2017 250 208 200 186 165 EUR million 150 153 157 100 50 Blue coloured line: pro-forma results 0 for 3m 2014 deducting the results of 3m 2014 3m 2015 3m 2016 3m 2017 the former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA 20,00 15,00 14.5 12.7 12.0 10.8 1
Slide 6: Space Systems
Total revenues Space Systems 200 3m 2017 150 151 118 119 114 EUR million 100 50 0 3m 2014 3m 2015 3m 2016 3m 2017 EBITDA 10,00 8.6 7.5 8.0 8,00 6.9 6,00 4,00 2,00 0,00 3m 2014 3m 2015 3m 2016 3m 2017 EBIT 3M/2017: EBIT margin 5.8%, EBIT margin on own value added 10.1% 8,00 7.4 6.2 6.6 5.7 6,00 4,00
Slide 7: Aerospace + Industrial Products
Aerospace + Total Revenues 80,00 Industrial Products 60,00 58.3 55.2 36.5 36.1 39.4 3m 2017 40,00 EUR million 20,00 0,00 3m 2014 3m 2015 3m 2016 3m 2017 EBITDA 6,00 5,00 5.1 4.3 4,00 2.7 3.0 2.8 3,00 2,00 1,00 0,00 3m 2014 3m 2015 3m 2016 3m 2017 3M/2017: EBIT margin 5.4 %, EBIT margin on own value
Slide 8: Guidance 2017
Full year 2017 Guidance 2017 guidance reiterated Total Revenues 800 800 730 728 800 773 700 600 600 500 400 400 165 300 200 200 100 0 0 2014 2015 2016 3m 2017 2017E EBITDA 55.1 60 60,00 53.4 52.1 60 50 40,00 40 30 12.7 20,00 20 10 0,00 0 2014 2015 2016 3m 2017 2017E EBIT 44 44,00 40.4 40.2 42.7 40 3
Slide 9: Cash Flow / EUR (000)
Cash Flow / EUR (000) 3M/2016 3M/2017 Net outflow of funds for operating activities -49,478 -29,224 Net outflow of funds due to investment activities -3,304 -10,218 Net inflow of funds from financing activities 35,517 38,924 Change in liquid funds -17,265 -518 Others 80 18 Liquid funds at the beginn
Slide 10: Assets / EUR (000)
Assets / EUR (000) 31/12/2016 31/03/2017 ∆ Non-current assets 211,370 227,423 +16,053 Property, plant and equipment 60,640 68,933 +8,293 Other financial assets 30,979 33,960 +2,981 Other intangible assets 89,967 94,898 +4,931 Others 29,784 29,632 -152 Current assets 471,544 482,821 +11,277 Inventori
Slide 11: Shareholder's equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 31/12/2016 31/03/2017 ∆ Equity 183,591 192,498 +8,907 Non-current liabilities and provisions 171,390 205,812 +34,422 Provisions for pensions 100,437 100,095 -342 Non-current advanced payments 37,398 41,172 +3,774 Others 33,555 64,545 +30,990 Current l
Slide 12: Shareholder's structure
Shareholder’s structure May 2017 Treasury Stock Free Float Fuchs Pool Fuchs Pool 12,178,720 (69.72 %) Free Float 5,208,880 (29.82 %) Treasury Stock 80,469 (0.46 %) Total issued capital 17,468,096 Analyst conference call /OHB's 3-month report / May 10, 2017 12
Slide 13: Analyst ratings
Analyst ratings Date Institution Price target Recommendation May 2017 HSBC Trinkaus & 25.00 EUR buy Burkhardt May 2017 Bankhaus Lampe 23.00 EUR buy May 2017 Commerzbank 23.00 EUR hold March 2017 Equinet Bank 20.00 EUR neutral March 2017 DZ Bank 25.00 EUR buy Analyst conference call /OHB's 3-month re
Slide 14: The stock at a glance
The stock at a glance EUR 3M/2016 3M/2017 High, Xetra 20.78 21.18 Low, Xetra 18.01 18.27 Closing price, Xetra 19.06 20.60 Average daily trading volumes (Xetra + floor) 5,794 6,557 Market capitalisation, Xetra 332,941,909 359,842,777 Number of shares 17,468,096 17,468,096 Analyst conference call /OHB
Slide 15: Financial calendar 2017
Financial calendar 2017 May 10, 2017 Three-month report 2017, conference call May 16, 2017 Annual general meeting / Bremen August 10, 2017 Six-month report 2017, conference call November 14, 2017 Nine-month report 2017, conference call November 2017 Analyst presentation at Deutsches Eigenkapitalforu