Slide 1: First-Half 2009 Results Analysts' Conference Call
First-Half 2009 Results Analysts’ Conference Call August 6, 2009 OHB Technology AG | Bremen | August 6, 2009 Page 1
Slide 2: Highlights in the first six months 2009
HIGHLIGHTS Highlights in the first six months 2009 Total revenues for the first half 2009 increased by 16 % to EUR 135 million EBIT reached EUR 7.8 million and EPS 22 Cent (previous year: 34 Cent) Order Backlog with EUR 830 million on new a record level OHB awarded for the construction and t
Slide 3: Group P&L H1/2009 at a glance
GROUP P&L H1/2009 AT A GLANCE The Group in brief (EUR 000) H1/2008 H1/2009 Δ Total revenues 117,009 135,484 + 15.8% EBITDA 13,828 12,398 - 10.3% EBIT 9,529 7,813 - 18.0% EBT 8,072 5,714 - 29.2% Net profit 4,987 3,205 - 35.7% EPS (EUR) 0.34 0.22 - 35.3% OHB Technology AG | Bremen | August 6, 2009 Pag
Slide 4: Group P&L Q2/2009 at a glance
GROUP P&L Q2/2009 AT A GLANCE The Group in brief (EUR 000) Q2/2008 Q2/2009 Δ Total revenues 65,291 68,891 + 5.5% EBITDA 7,276 5,113 - 29.7% EBIT 5,206 2,818 - 45.9% EBT 4,500 1,826 - 59.4% Net profit 2,831 1,044 - 63.1% EPS (EUR) 0.19 0.07 - 63.2% OHB Technology AG | Bremen | August 6, 2009 Page 4
Slide 5: Segment reporting H1/2009
SEGMENT REPORTING H1/2009 Segment reporting six months (EUR 000) H1/2008 Total revenues H1/2009 Space Systems 29,908 + Security 33,142 Payloads 19,490 + Science 35,229 Space Transportation 64,111 + Aerospace Structures 69,343 Telematics 6,859 + Satellite Operations 7,229 EBITDA EBIT Space Systems 4,
Slide 6: Balance sheet June 30, 2009 - Assets
BALANCE SHEET JUNE 30, 2009 Assets (EUR 000) 12/31/2008 06/30/2009 Δ Total Non-current assets 97,415 99,235 + 1,820 - Property, plant and equipment 39,806 42,313 + 2,507 - Other financial assets 8,315 7,931 - 384 - Long-term securities 6,514 6,514 +/- 0 Current Assets 230,689 261,168 + 30,479 - Inve
Slide 7: Balance sheet June 30, 2009 - Equity and liabilities
BALANCE SHEET JUNE 30, 2009 Shareholders‘ equity and liabilities (EUR 000) 12/31/2008 06/30/2009 Δ Total Equity 81,362 80,884 - 478 Non-current liabilities 125,010 152,418 + 27,408 and provisions - Provisions for pensions 68,584 69,296 + 712 - Non-current advance payments 37,831 64,929 + 27,098 Curr
Slide 8: Cash flow statement H1/2009
CASH FLOW STATEMENT H1/2009 Cash flow statement (EUR 000) H1/2008 H1/2009 Net outflow/inflow of funds from operating activities - 14,841 + 10,277 Net outflow of funds due to investment activities - 2,467 - 5,160 Net outflow of funds for financing activities - 66 - 7,060 Change in liquid funds - 17,3
Slide 9: Outlook 2009: Guidance Group 2009E
OUTLOOK 2009 Guidance Group 2009E (in EUR million) ~ 300 260 ~ 31 28.7 223 25.9 ~ 21 18.7 17.5 2007 2008 2009e 2007 2008 2009e 2007 2008 2009e Total revenues EBITDA EBIT OHB Technology AG | Bremen | August 6, 2009 Page 9
Slide 10: Segment reporting H1/2009
BACKUP Segment reporting H1/2009 (EUR 000) Space Systems Payloads Space Telematics Holding Consolidation Group + Security + Science Transportation + Satellite Total + Aerospace Operations Structures H1/2008 H1/2009 H1/2008 H1/2009 H1/2008 H1/2009 H1/2008 H1/2009 H1/2008 H1/2009 H1/2008 H1/2009 H1/20
Slide 11: The stock at a glance
BACKUP The stock at a glance H1/2008 H1/2009 High, Xetra 13.92 9.35 Low, Xetra 7.80 5.85 Closing price, Xetra (half-year end) 8.57 8.03 Average daily trading volumes 8,848 5,017 (Xetra + floor) Market capitalization, Xetra (half-year end) 127,933,783 119,872,611 Number of shares 14,928,096 14,928,09
Slide 12: OHB share price 2009 (relative performance)
BACKUP OHB share price 2009 (relative performance) Status: July 31, 2009, EUR 8.07 in % January February March April May June July 2009 OHB Technology AG | Bremen | August 6, 2009 Page 12
Slide 13: Shareholders' structure
BACKUP Shareholders’ structure Status: 06/30/2009 64.6% 35.4% Issued capital: 14,928,096 shares Free float including 66,954 treasury stock (0.45 %) OHB Technology AG | Bremen | August 6, 2009 Page 13
Slide 14: Business structure of OHB Technology
BACKUP Business structure of OHB Technology Status: August 2009 Space Systems Payloads + Space Transportation + Telematics + + Security Science Aerospace Structures Satellite Operations 100% 100% 70% 100% OHB-System AG Kayser-Threde GmbH MT Aerospace AG OHB Teledata GmbH 100% 100% 100% 74,9% LUXSPAC
Slide 15: Analyst ratings
BACKUP Analyst ratings Date Institute Price Target Recommendation August 2009 DZ BANK EUR 10.00 Buy July 2009 Commerzbank EUR 10.00 Buy HSBC Trinkaus & May 2009 EUR 10.00 Overweight Burkhardt March 2009 Sal. Oppenheim EUR 10.50 Buy February 2009 Viscardi Securities EUR 12.00 Buy OHB Technology AG |
Slide 16: Calendar of events 2009
BACKUP Calendar of events 2009 Events Date Commerzbank Capital Goods & Steel Conference, August 26, 2009 Frankfurt/Main Baader Small and Mid Cap Conference, Munich September 10, 2009 Nine-month report / conference call November 6, 2009 Analysts’ presentation November 11, 2009 Deutsches Eigenkapitalf
Slide 17: Contact
Contact CEO Marco R. Fuchs +49-421-2020-664 IRO Michael Vér +49-421-2020-727 http://www.ohb-technology.de E-Mail: ir@ohb-technology.de Fax: +49-421-2020-613 OHB Technology AG | Bremen | August 6, 2009 Page 17