Slide 1: Press Conference July 22, 2026
PRESS CONFERENCE JULY 22, 2026
Slide 2: Context
CONTEXT Military and geopolitical contexts: crisis situation in the Gulf, ongoing war in Ukraine Update to the Military Programming Law: increase in the French Armed Forces budget 2 PRESS CONFERENCE, JULY 22, 2026 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être util
Slide 3: Post-Closing Events
POST-CLOSING EVENTS July 13, 2026: France and Ukraine concluded a roadmap providing for the acquisition by Kyiv of 16 Rafale July 13, 2026: Dassault Aviation and Harmattan AI announced the successful execution of a collaborative in-flight engagement between a Rafale and an unmanned aerial system equ
Slide 4: First Half 2026 Highlights
FIRST HALF 2026 HIGHLIGHTS India • Decision by the Defence Acquisition Council to enter into direct negotiations for the acquisition of 114 Rafale: Dassault Aviation is committed to Make in India and is pursuing its partnerships in India Falcon 10X • June 19, 2026: successful first flight, marking t
Slide 5: Activity and Programs
[ ACTIVITY AND PROGRAMS |
Slide 6: Rafale
RAFALE 533 RAFALE ORDERED SINCE THE BEGINNING OF THE PROGRAM, INCLUDING 323 FOR EXPORT Rafale France • Rafale in production o Delivery of 2 Rafale, 43 remaining to be delivered o Request from the French State to postpone the delivery of 20 Rafale from 2031-2032 to 2033-2034 • Rafale under developmen
Slide 7: FCAS / NGF and Eurodrone
FCAS / NGF AND EURODRONE Halt of the FCAS / NGF • The French President and the German Chancellor have decided, by mutual agreement, to halt the FCAS/NGF Discussions are underway with the French State to launch an alternative, either on a purely French basis or in cooperation, of a demonstrator for a
Slide 8: Space: Vortex
SPACE: VORTEX VORTEX-D: reduced-scale demonstrator • Development study of the spaceplane demonstrator, subject to a support agreement concluded with the French Defense Procurement Agency (DGA) • General design has been finalized and initial equipment orders have been placed VORTEX-S: first operation
Slide 9: Falcon
FALCON 23 orders compared with 8 in H1 2025 H1 2026 13 deliveries compared with 12 in H1 2025 Falcon 10X • June 19, 2026: successful first flight, marking the launch of the flight test campaign • Entry into service in 2029 9 PRESS CONFERENCE, JULY 22, 2026 Ce document est la propriété intellectuelle
Slide 10: Make in India
MAKE IN INDIA Dassault Aviation is pursuing the development of its industrial footprint and its partnerships in India with : • DRAL, mainly for the Falcon • Tata Advanced Systems, for the setting-up of a dual production source for Rafale fuselage sections • Dynamatic, for the production of the rear
Slide 11: Modernization of the Industrial Infrastructure
MODERNIZATION OF THE INDUSTRIAL INFRASTRUCTURE Continued Modernization of Industrial Infrastructure • DRAL: the new building is under construction; it will be operational in summer 2027 and will double the production floor area • Mérignac: the decision to build a new building to house the flight con
Slide 12: Digital and Artificial Intelligence
DIGITAL AND ARTIFICIAL INTELLIGENCE Digital • Harmonization of data and engineering tools using 3DEXPERIENCE (Dassault Systèmes) • Tool modernization: deployment of APRISO (Dassault Systèmes) in our plants, "BLEU" for collaboration (Microsoft Teams), industrial planning (in- house development) Artif
Slide 13: H1 Results
H1 RESULTS 13
Slide 14: Order Intake, Net Sales, Backlog
ORDER INTAKE, NET SALES, BACKLOG IN EUR BILLIONS 45.4 46.6 46,6 45,4 8.1 4.2 2.9 2.8 H1 2026 H1 2025 H1 2026 H1 2025 06.30.2026 30.06.2026 31.12.2025 12.31.2025 Order Intake Net Sales Backlog 65% 39% 12% 10% 11% 29% 51% 16% 17% 8% 85% 4% 33% 73% 27% 20% 28% 72% Defense Export €0.8 Bn €6.9 Bn (26 a/c
Slide 15: Consolidated Self-Funded R&D
CONSOLIDATED SELF-FUNDED R&D IN EUR MILLIONS 182 131 H1 2026 S1 2026 S1 2025 H1 2025 15 PRESS CONFERENCE, JULY 22, 2026 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son autorisation. Dassault Aviation Proprietary Dat
Slide 16: Adjusted Consolidated Income Statement
ADJUSTED CONSOLIDATED INCOME STATEMENT in millions euros H1 2026 H1 2025 NET SALES 4,157 2,847 OPERATING INCOME 330 180 Operating margin 7.9% 6.3% FINANCIAL RESULT 55 77 THALES and other equity affiliates excluding the corporate tax surcharge in France 285 259 TAXES excluding the corporate tax surch
Slide 17: Consolidated Available Cash
CONSOLIDATED AVAILABLE CASH IN EUR BILLIONS The increase in cash is mainly the result of 10.1 10,1 advances received under Rafale Export 9.4 9,4 contracts Free Cash Flow: EUR + 1.2 billion 06.30.2026 30.06.2026 12.31.2025 31.12.2025 17 PRESS CONFERENCE, JULY 22, 2026 Ce document est la propriété int
Slide 18: 2026 Objectives
2026 OBJECTIVES 2026 Guidance Unchanged: Increased net sales, EUR 8.5 billion range (including 40 Falcon and 28 Rafale) 18 PRESS CONFERENCE, JULY 22, 2026 Ce document est la propriété intellectuelle de Dassault Aviation. Il ne peut être utilisé, reproduit, modifié ou communiqué sans son autorisation
Slide 19: Breakdown of Capital and Voting Rights
BREAKDOWN OF CAPITAL AND VOTING RIGHTS POSITIONS AS OF JUNE 30, 2026 – PRE AND POST CANCELLATION Breakdown of capital Pre cancellation as of June 30, 2026 Post cancellation, based on the shareholding as of June 30, 2026 GIMD (66.86%) GIMD (67.31%) Float (21.63%) Float (21.78%) 77,712,746 77,193,609
Slide 20: Disclaimer
DISCLAIMER This press conference may contain forward-looking statements which represent targets and should not be regarded as earnings forecasts or any other performance indicator. The actual results may differ significantly from the forward-looking statements due to various risks and uncertainties,