Airbus Se · EURONEXT:AIR
Airbus — Investor Presentation (June 2019)
8 slides from Airbus's investor presentation, June 2019
Slide 1: Airbus Investor Meeting, Le Bourget Airshow 2019
AIRBUS INVESTOR MEETING LE BOURGET AIRSHOW 2019 Dominik Asam Chief Financial Officer
Slide 2: Deliver 2019 Guidance
DELIVER 2019 GUIDANCE 31 May 2019 Q1 2019 Deliveries EBIT Adjusted FCF Before M&A and in € bn Customer Financing in € bn 567 - 577 880 ~ 4.0 - Q1 2019 890 ~ + 15% ~ 8.3 FY 2019 Guidance (4.3) 313 0.6 Remain to Do May Remain to Do FY 2019 Q1 2019 Remain to Do FY 2019 Guidance Guidance 2019 313 567 –
Slide 3: Deliver EPS Growth 2018-2021
DELIVER EPS GROWTH 2018 - 2021 EPS Growth A320neo Volume & Price A350 Turning Profitable Boost Competitiveness Investment in Digital & Innovation
Slide 4: FCF Growth
DELIVER FCF GROWTH 2018 - 2021 2018 - 2021 EPS FCF Growth Growth A320neo EPS Growth Volume & Price A350 Turning Profitable FCF Conversion of 1 A400M* Boost Competitiveness A220** Investment in Working Capital Digital & Innovation Control * A400M will continue to weigh until 2021 ** A220 will continu
Slide 5: FCF Intra-Year Volatility
FCF INTRA-YEAR VOLATILITY 2017 2018 2019 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 FY Guidance Deliveries 136 170 148 264 718 121 182 200 297 800 162 880 - 890 Quarterly FCF * Cumulative FCF * Quarterly Balance Sheet movements (as reported) Inventories (3.8) (1.3) (0.7) 4.0 (3.1) (1.0) (1.3) 3.2 (3.3) Trade
Slide 6: Deliver EPS & FCF Growth Potential
DELIVER EPS & FCF GROWTH POTENTIAL 2018 - 2021 2021+ EPS Future Growth FCF Growth Growth Potential A320neo EPS Growth A350 Volume & Price Margin improvement A350 A400M* Turning Profitable A320 Higher Rate potential Boost Competitiveness A220** Investment in Working Capital Boost Competitiveness Digi
Slide 7: Capital Allocation & Financial Flexibility
CAPITAL ALLOCATION & FINANCIAL FLEXIBILITY FCF* Strong Liquidity Position as of 31 March 2019 Dividend € 3.0 bn (30 – 40%) Credit Facility (RSCF) Pensions 6. € 11.0 bn Financing Liabilities € 18.5 bn Customer Financing Total Gross Cash Invested in highly rated securities € 7.5 bn Net Cash Solid cred
Slide 8: Wrap Up
WRAP UP 2019 Guidance confirmed EPS and FCF Growth building blocks in place Potential for Cash Conversion of 1