Mtu Aero Engines Ag · XETR:MTX
Mtu Aero Engines — Investor Day (June 2025)
49 slides from Mtu Aero Engines's investor day presentation, Jun 17, 2025
Slide 1: MTU Aero Engines — Paris Air Show 2025
PA RI S A I R SHOW 2025 MTU Aero Engines — Paris Air Show 2025 17th of June 2025 | Paris
Slide 2: Welcome
Welcome Thomas Franz Vice President Investor Relations Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 2
Slide 3: Agenda
Agenda 1 Market Environment Lars Wagner Chief Executive Officer (CEO) and 4 OEM Operations Dr. Silke Maurer Chief Operating Officer (COO) 6 Executive Summary Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Chief Sustainability Officer (CSO) 2 Technology and ESG Lars
Slide 4: MTU's journey since last CMD in November 2022 – Profitable growth and innovation
INTRODUCTION | 1 MTU’s journey since last CMD in November 2022 – Profitable growth and innovation Strong financial performance Technological advancements Sustainability │ >1 billion Euro EBIT target achieved │ GTF Advantage™ certified │ On the way to reach 2030 scope 1&2 target and one year ahead o
Slide 5: Market Environment
1 Market Environment Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 5
Slide 6: Despite short-term headwinds robust global air traffic demand translates into long-term fleet growth
MARKET ENVIRONMENT | 1 Despite short-term headwinds robust global air traffic demand translates into long-term fleet growth 2024 2044 4,300 2,600 7,500 4,200 WB Pax Freighters WB Pax Freighters Long-term global air traffic and fleet forecast 4,400 5,200 RJ / TP Pax RJ / TP Pax │ Future demand growth
Slide 7: Strong traffic growth outlook
MARKET ENVIRONMENT | 1 Strong traffic growth outlook Global RPK (2024 = 100) Aircraft deliveries WB & NB Aircraft retirements 2025–2028 130 2,500 4,000 120 2,000 3,000 1,500 2,400 110 2,000 1,000 100 1,000 500 800 90 0 0 2024 2025 2026 2027 2028 2024 2025 2026 2027 2028 NB WB Continuous growth in ai
Slide 8: MTU is well-positioned in the defense market
MARKET ENVIRONMENT | 1 Europe ramps up defense amid shifting U.S. role │ Global defense spending rose significantly from 2019–2024, MTU is well-positioned primarily in Europe and Asia, while U.S. spending plateaued │ Europe’s defense budget has doubled since 2019 and the EU plans for EUR 800 billion
Slide 9: Summary — Key take aways
MARKET ENVIRONMENT | 1 Summary — Key take aways Robust long-term growth perspective, despite uncertainties related to U.S. tariffs New engine deliveries and MRO with double-digit growth in a context of supply challenges over the next few years European push for defense sovereignty drives demand for
Slide 10: Technology & ESG
2 Technology & ESG Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 10
Slide 11: MTU's future propulsion concepts — reducing the climate impact
TECHNOLOGY & ESG | 2 MTU’s future propulsion concepts — reducing the climate impact E VO LUT IONARY R E VO LU T I O NA RY GEN2 GT F H R EVOLU TI ONA RY TU R BOFA N H F LYING F UE L CE LL™ H = SAF H = Hydrogen Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TA
Slide 12: Evolutionary GTF development — future is geared
TECHNOLOGY & ESG | 2 Evolutionary GTF development — future is geared 2016 | GTF Base 2025 | GTF Advantage 2035+ | NextGen GTF Unprecedented fuel burn enabled Maturation of world class technology Proven engine architecture elevated to next level by geared architecture │ Higher thrust for longer missi
Slide 13: The Flying Fuel Cell™
TECHNOLOGY & ESG | 2 The Flying Fuel Cell™ │Good progress towards our target: Technology readiness of the Flying Fuel CellTM │Design finalized, demonstrator production started │Initial testing of electric motor successfully completed, efficiency rate of 96% confirmed 2021 2024 2025 2026 2027 2030 Pa
Slide 14: Driving climate change mitigation — well on track to reach 2030 target
TECHNOLOGY & ESG | 2 Driving climate change mitigation — well on track to reach 2030 target Own operations: GHG-emissions in Scope 1&2 Indirect GHG-emissions in Scope 3 TA RG E T ACHIEVEMENT BY 2 0 2 4 3.1 P URCHASED GOODS 3.15 INVESTMENTS* -60% -42.2% & SERVICES* Engagement & collaboration Engageme
Slide 15: Business Segments
3 Business Segments Michael Schreyögg Chief Program Officer (CPO) Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES .
Slide 16: Due to geopolitical tension, the importance of our military business will continue to grow
BUSINESS SEGMENTS | 3 Due to geopolitical tension, the importance of our military business will continue to grow FIGHTER TRANSPORT HELICOPTER │ Increased interest in Eurofighter program │ A400M has proven itself in a range of different │ CH-53K deliveries on track operations │ 159 EJ200 engine order
Slide 17: The engine fleet with MTU participation is growing faster than the global fleet
BUSINESS SEGMENTS | 3 The engine fleet with MTU participation is growing faster than the global fleet Commercial engine fleet with MTU participation is growing by almost 4% 19% 18% Passenger Narrowbodies MTU’s CAGR 4.0% 18,800 27,800 incl. Regional Jets vs. engines in 66% engines in 15% Passenger Wi
Slide 18: Smooth transition from V2500 to GTF — GTF will significantly surpass V2500 volume
BUSINESS SEGMENTS | 3 Smooth transition from V2500 to GTF — GTF will significantly surpass V2500 volume V2500 facts GTF facts > 300 million flight hours > 40 million flight hours > 7,800 V2500 engines produced >15,000 GTF engine orders expected > 150 operators worldwide already +80 operators worldwi
Slide 19: V2500 / GTF — different aftermarket dynamics
BUSINESS SEGMENTS | 3 V2500 / GTF — different aftermarket dynamics V2500 a reliable revenue generator PW1000G-JM engine family: with unmatched durability our future revenue and technology booster │ Aftermarket driven by spare parts sales │ Aftermarket driven by LTSA (~80 - 90% of fleet) with majorit
Slide 20: MTU's MRO growth driven by an enhanced product portfolio and expanded capacity
BUSINESS SEGMENTS | 3 MTU’s MRO growth driven by an enhanced product portfolio and expanded capacity MRO revenues in billion US$ Financially strong Digital solutions for seamless and committed to customer interaction and investments in growth efficient fleet optimization 20000 Largest MRO engine Opt
Slide 21: MTU's strategic investments in independent MRO programs underpin long-term growth
BUSINESS SEGMENTS | 3 MTU’s strategic investments in independent MRO programs underpin long-term growth LEAP will be the world’s GEnx delivers GE90 – further ramp up largest engine fleet continuous growth of shop visits │ CBSA MRO license @ MTU in Fort Worth │ GBSA license @ MTU in Fort Worth │ Very
Slide 22: MTU Maintenance Lease Services continues its growth path
BUSINESS SEGMENTS | 3 MTU Maintenance Lease Services continues its growth path MLS revenues (in million EUR) expected MLS continuously expanding its service portfolio │ Integration of leasing and asset management capabilities provide competitive 2,000 advantage, especially on mature engine programs
Slide 23: MTU has significantly invested in MRO capacity since 2015 — major extensions
BUSINESS SEGMENTS | 3 MTU has significantly invested in MRO capacity since 2015 — major extensions MTU Maintenance Hannover MTU Maintenance Berlin-Brandenburg Airfoil Services │ Shop extension (2021) │ New logistics center (2019) │ Shop extension (2021) ON-SITEPlus Europe facility (2021) │ Increase
Slide 24: MTU has significantly invested in MRO capacity since 2015 — new sites
BUSINESS SEGMENTS | 3 MTU has significantly invested in MRO capacity since 2015 — new sites MTU Maintenance in Fort Worth MTU Maintenance Serbia MTU Maintenance Canada EME Aero, Poland │ New facility (2023) │ New facility (2022) │ Move to new facility (2021) │ New facility (2019) │ Introduction LEAP
Slide 25: Key take aways — MTU is growing in all business segments
BUSINESS SEGMENTS | 3 Key take aways — MTU is growing in all business segments Military OEM business MTU supports Europe’s air sovereignty EJ200 order potential NGFE revenue and technology boost Commercial MRO business Proven MRO revenue growth record Growth services and digital business Capacity an
Slide 26: OEM Operations
4 OEM Operations Dr. Silke Maurer Chief Operating Officer (COO) Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 26
Slide 27: Challenges — OEM production
PRODUCTION | 4 Challenges — OEM production Our industry used to be a stable environment – but nowadays uncertainty is the new normal and leads to a complex ecosystem with a volatile supply chain and "white water" in MTU’s in-house production Going from "white water” Rzeszów to “calm water" is an ess
Slide 28: The global OEM footprint will be key for the future growth of MTU
PRODUCTION | 4 The global OEM footprint will be key for the future growth of MTU IN-HOUSE PRODUCTION NETWORK SUPPLIER NETWORK Procurement & in-house GERMANY ASIA + potential additional 171 Suppliers 17 Suppliers OEM site in best-cost production share location (Europe) (2024) Rzeszów 29% 71% In-house
Slide 29: A clear target picture for the global OEM footprint has been derived
PRODUCTION | 4 A clear target picture for the global OEM footprint has been derived based on a reliable and representative simulation model Target picture production OEM Munich Target picture production OEM Rzeszów MTU MTU │ Automated production of complex components Rzeszów │ Enabling the sit
Slide 30: Challenges external supply chain
PRODUCTION | 4 Challenges external supply chain Political environment Capacity External regulations │ Potential impact due to conflicts in Israel & Ukraine │ Persisting supplier capacity constraints │ Increasing requirements out of ESG regulations (e.g. CSDDD, EUDR, (EU) FLR, CSRD, CBAM) │ High
Slide 31: Procurement & logistics strategy addressing these challenges
PRODUCTION | 4 Procurement & logistics strategy addressing these challenges Excellence in process management Maintaining excellent long-term & leadership leads to high efficiency partnerships based on mutual trust & employee performance & commitment Reliable delivery performance for all Early involv
Slide 32: Summary — Key take aways
PRODUCTION | 4 Summary — Key take aways OEM business will grow significantly requiring Our global OEM footprint will be key additional capacity in the next decade to the future growth of MTU We are preparing our production Profitable investments and continuous network in the best possible improvemen
Slide 33: Financials
5 Financials Peter Kameritsch Chief Financial Officer (CFO) & Chief Information Officer (CIO) Katja Garcia Vila designated Chief Financial Officer (CFO) & Chief Information Officer (CIO) Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S
Slide 34: Update 2025 & mid-term outlook
Update 2025 & mid-term outlook Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 34
Slide 35: Guidance 2025 — improved outlook
FINANCIALS | 5 Guidance 2025 — improved outlook Organic growth expectations updated - Improvements in profitability │ Higher share of lease/spare engines │ Higher revenues in commercial spares │ Higher growth driven by positive customer and workscope mix in MRO → Strong market demand and product mix
Slide 36: Guidance 2025 — Improved outlook confirms exceptional performance in 2025
FINANCIALS | 5 Guidance 2025 — Improved outlook confirms exceptional performance in 2025 ORGANIC REVENUE 1.10 USD/EUR Total group sales EBIT adj. absolute Military Commercial OE EUR 8.6 — 8.8 billion Up low to mid twenties % ~ up mid to high single digit % ~ up mid teens % Net income adj. FCF Commer
Slide 37: Future business drivers
FINANCIALS | 5 Future business drivers Commercial OE Commercial spares │ New engine revenues to grow strongly in coming years, │ Continuous growth from narrowbody engines plateauing towards the end of this decade │ Contribution from newer widebody engine programs │ GTF production volume growing inc
Slide 38: Future business drivers
FINANCIALS | 5 Future business drivers Military Commercial MRO │ Geopolitical developments triggers expectations in military │ Narrowbody MRO growth continues business │ GTF volumes growing predominantly in best cost sites │ Increasing deliveries for EJ200 and T408 │ Strong freighter demand especial
Slide 39: Revenue and EBIT adj. margin outlook
FINANCIALS | 5 Revenue and EBIT adj. margin outlook Revenue growth CAGR EBIT adj. margin ambition 2030 2024 — 2030 per segment at 1.10 USD/EUR Military up mid to high single digit % OE sales are outgrown OEM Commercial OE up mid to high single digit % 28 – 30% by profitable aftermarket Commercial up
Slide 40: 2024 – 2030 CCR outlook
FINANCIALS | 5 2024 – 2030 CCR outlook CCR expected to continuously improve 2030 Cash Conversion Rate Act. 2024 Ambition 2030 ~24% high double digit% 2024 Major tailwinds: Major headwinds: │ EBIT growth GTF fleet management plan │ Working capital management │ Burden from customer compensation paymen
Slide 41: Cash deployment strategy — committed to increased shareholder returns
FINANCIALS | 5 Cash deployment strategy — committed to increased shareholder returns Balanced leverage ratio of net (financial) debt / EBITDA adj. sustainably between 0.5 and 1.5 MTU’s cash deployment strategy Share buybacks as opportunistic Organic instrument growth M&A New program opportunities i
Slide 42: MTU 2030 at a glance
FINANCIALS | 5 MTU 2030 at a glance Revenue Ebit adj. margin CCR → EUR 13 – 14 billion → 14.5 – 15.5% → High double digit % Outlook based on USD/EUR FX sensitivity: 5 cent deviation 1.10 Revenue impact ~ 500 million EUR EBIT adj. impact ~ 150 million EUR Uniquely positioned for long-term profitable
Slide 43: Executive Summary
6 Executive Summary Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 43
Slide 44: Executive summary — MTU's growth plan: Today for tomorrow
EXECUTIVE SUMMARY & UPLIFT | 6 Executive summary — MTU's growth plan: Today for tomorrow 2025: EUR 8.6 – 8.8 billion up low to mid twenties % EUR 300 – 350 million Revenue EBIT adj. FCF Key drivers Market environment Product portfolio Technology Operational excellence Financial strength Addressed th
Slide 45: Analyst & Investor Day Questions & Answers
7 Analyst & Investor Day Questions & Answers Lars Wagner Michael Schreyögg Dr. Silke Maurer Peter Kameritsch Chief Executive Officer (CEO) and Chief Program Officer (CPO) Chief Operating Officer (COO) Chief Financial Officer (CFO) & Chief Sustainability Officer (CSO) Chief Information Officer (CIO)
Slide 46: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Certain of the statements contained herein may be statements of future expectations and other tory environment, (xiii) the cyclicality of the airline industry and the current financial difficulties forward-looking statements that are based on mana
Slide 47: Proprietary Notice
Proprietary Notice This document contains proprietary information of the MTU Aero Engines AG group companies. The document and its contents shall not be copied or disclosed to any third party or used for any purpose other than that for which it is provided, without the prior written agreement of MTU
Slide 48: Thank you for your attention.
Thank you for your attention. Paris Air Show / 17th of June, 2025 © MT U AERO EN GINES AG | T HE INFO RM AT I O N CO N TAI N E D H E RE I N I S P RO P RI E TARY TO T H E M T U AE RO E N G I N E S G RO UP CO M PA N IES . 48
Slide 49: Contact
Contact Please contact us if you have any further questions MTU Aero Engines AG Thomas Franz Claudia Heinle Matthias Spies Investor Relations Vice President Investor Relations Senior Manager Investor Relations Senior Manager Investor Relations Dachauer Str. 665 +49 89 1489 4787 +49 89 1489 3911 +49