Airbus Se · EURONEXT:AIR
Airbus — Investor Day (July 2026)
33 slides from Airbus's investor day presentation, Jul 21, 2026
Slide 1: Airbus Business Update 21 July 2026
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Slide 2: Welcome
WELCOME Jean-Christophe Henoux Head of Investor Relations and Financial Communication
Slide 3: Safe Harbour Statement
Safe Harbour Statement DISCLAIMER This presentation includes forward-looking statements. Words such as “anticipatesˮ, “believesˮ, “estimatesˮ, “expectsˮ, “intendsˮ, “plansˮ, “targetsˮ, “projectsˮ, “mayˮ and similar expressions are used to identify these forward-looking statements. Examples of forwar
Slide 4: Agenda
17:30 Welcoming 17:30 Welcome 18:35 Airbus Helicopters 17:35 Set the scene 17:35 Introduction 18:50 Closing remarks 17:50 Financial perspective 17:50 Financial perspective 19:00 Q&A 18:05 Commercial aircraft 18:05 Commercial Aircraft 19:30 End 18:20 Airbus Defence and Space 18:20 Airbus Defence and
Slide 5: Introduction
INTRODUCTION Guillaume Faury Chief Executive Officer
Slide 6: We are committed to delivering sustained value and returns to shareholders
We are committed to delivering sustained value and returns to shareholders €12bn to EBIT Adjusted Resilient business providing visibility €13bn 2029 target Operational capacity ready to unlock value Cash conversion 1 ratio Leveraging defence momentum Share buyback* Strong team focused on execution
Slide 7: Financial Perspective
FINANCIAL PERSPECTIVE Thomas Toepfer Chief Financial Officer
Slide 8: Building towards our mid-term target
Building towards our mid-term target Commercial aircraft deliveries EBIT Adjusted FCF before Customer Financing 870 €7.5bn 793 €7.1bn €4.6bn €4.5bn 2025 2026 2025 2026 2025 2026 2026 Guidance unchanged A solid baseline to drive future growth 8 Charts for illustrative purpose - not to scale
Slide 9: 2029 profitability acceleration
Main assumptions: No further disruptions to the global economy, air 2029 profitability acceleration ● traffic, supply chains, or internal operations. ● Stable trade regulations and tariffs, consistent with current baselines. ● Exclusion of any potential M&A impacts. ● 2029 €/$ exchange rate of 1.22
Slide 10: Successfully translating earnings to cash
Successfully translating earnings to cash Continuing to target a cash conversion of 1 20262029 FCF before Customer while increasing nominal Free Cash Flow Financing reflecting: 2022 2025 2026 2029 Expanding profitability Working capital management €17.5bn €18.4bn CapEx to increase moderately F
Slide 11: Accelerating cash returns to shareholders
Accelerating cash returns to shareholders €5bn share buyback* Expecting to return 60% of FCF generation to shareholders approved by the Board of Directors. To be executed over 3 years. through both dividend payments and share buyback. Share buyback €5bn Special dividend share buyback programme Ordi
Slide 12: Delivering mid-term value
Delivering mid-term value €12bn EBIT Adjusted to €13bn 2029 target 1 Cash conversion ratio Share buyback* €5bn programme over 3 years * SBB can be suspended, modified or discontinued at any time at the Board discretion. 12 Continued execution remains subject to continued shareholder authorisation.
Slide 13: Business
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Slide 14: Commercial Aircraft
COMMERCIAL AIRCRAFT Lars Wagner Chief Executive Officer
Slide 15: Serving the growing product & services demand
Serving the growing product & services demand Market for new aircraft Airbus value and ambition 4% CAGR Production rate trajectory: The right platforms and superior products R13 in 2028 42,060 new aircraft by 2045 PAX R7075 in 2027 Increased market share R5 in 2029 Global Market Forecast 202620
Slide 16: Greater resilience and rate readiness
Greater resilience and rate readiness Increased output Improved quality Supply chain Capacity Operational People resilience ramp-up excellence upskilled Leverage Aero Excellence™ All FALs delivering from Strengthened culture Increase certification to as a recognised industrial 2026 change and Zero d
Slide 17: Delivering on our profitability ambition
Delivering on our profitability ambition Main drivers 2025 to 2029 Additional volume 2029 Airbus ambition Mix benefit Past pricing materialising Greater operating efficiency €10bn Widebody and €5.5bn Services Investments in the future // 2029 EBIT Adj. Beyond 2029 2025 EBIT Adj. ambition* additiona
Slide 18: Pioneering and innovating to shape a sustainable future
Pioneering and innovating to shape a sustainable future Incremental developments Launching NextGen creating value Single Aisle Maturing technological Rebalancing aftermarket bricks business models Enablers & catalysts: Artificial intelligence and 2035 transformation 2026 2029 2035+ Execute today Ena
Slide 19: Business
20 | Business AIRBUS
Slide 20: Airbus Defence and Space
AIRBUS DEFENCE AND SPACE Mike Schoellhorn Chief Executive Officer
Slide 21: Defence and Space: Building momentum
Defence and Space: Building momentum Capitalising on our To continue serving the growing recent successes demand for defence solutions €50bn+ Backlog YEʼ25 Securing the future growth 01 02 03 Deliver on Propose Capitalising on European best-in class Europeʼs strategic solutions growing €0.8bn Improv
Slide 22: Ramp-up acceleration and focused execution
Ramp-up acceleration and focused execution Almost double production MRTT by 2030 R20+ by 2028 Eurofighter Active partnerships and R30 as a scenario post 2029* collaboration Solid growth expected backed by UAS innovative solutions Continuous building of Getting prepared for the high Services intensit
Slide 23: Transforming the business to unlock value
Transforming the business to unlock value 2026 2027+ Airbus Defence and Space Potential future organisation current organisation: Focused core business Joint Ventures as strategic enablers Air about Power A new leading European player €6.5bn in space* Revenue FYʼ24 pro-forma Space Air Power Systems
Slide 24: Delivering on our profitability ambition
Delivering on our profitability ambition Main drivers 2025 to 2029 Volumes including European Defence upward trend 2029 Airbus Defence and Space ambition Enhanced competitiveness Enhanced efficiency €1.3bn Volumes including Self-funded R&D in targeted areas €0.8bn Services // 2029 EBIT Adj. Beyond
Slide 25: Business Update
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Slide 26: Airbus Helicopters
AIRBUS HELICOPTERS Matthieu Louvot Chief Executive Officer
Slide 27: Leveraging a growing market with resilience
Leveraging a growing market with resilience Market for new helicopters Civil Robustness Civil market share Military market share 48% through balance 51% FYʼ25 48% in FYʼ24) in units 28% FYʼ25 19% in FYʼ24) in units Military 52% Platforms Addressable Addressable 57% civil market military market 5.9
Slide 28: Executing on our ramp-up
Executing on our ramp-up Next Gen factory of rotors and transmissions Industrial enablers ● ● New final assembly line in India Almost 24,000 qualified workers worldwide Resilient set-up ● ● Global footprint with 10 industrial sites Continuously upgrading H145 our platforms Deliveries 120 ● Doubled
Slide 29: Delivering on our profitability ambition
Delivering on our profitability ambition Main drivers 2025 to 2029 Ramp-up execution and cost optimisation 2029 Airbus Helicopters ambition Support & Services growth Civil value growth Increased military Military upward trend €1.2bn market share €0.9bn Leader of uncrewed solutions Investments in th
Slide 30: Enabling the future
Enabling the future Crewed-uncrewed teaming A force multiplier H140 and U145 Deliver on our trajectory and EIS ENGRT and NGRC* Preparing next generation in defence Operational optimisation Leveraged by artificial intelligence Continuing our strategic priorities Customer Loyalty Innovation Defence &
Slide 31: Closing Remarks
CLOSING REMARKS Guillaume Faury Chief Executive Officer
Slide 32: We are committed to delivering sustained value and returns to shareholders
We are committed to delivering sustained value and returns to shareholders €12bn to EBIT Adjusted Resilient business providing visibility €13bn 2029 target Operational capacity ready to unlock value Cash conversion 1 ratio Leveraging defence momentum Share buyback* Strong team focused on execution
Slide 33: 20| Business OeOe | Update
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