Slide 1: Conference Call OHB SE Q3/Nine-month results 2017
November 14, 2017 Conference Call OHB SE Q3/Nine-month results 2017 Marco Fuchs, CEO Kurt Melching, Director Finance & Controlling
Slide 2: Recent newsflow from the Group
Recent newsflow from the Group Company Headlines OHB System Option exercised: ESA/EU ordering four more Galileo satellites Contract worth EUR 157.75 million (Oct 5, 2017) OHB System Selected for the construction of a satellite system for global electro-optical reconnaissance Contract budget up to EU
Slide 3: Project update Galileo
Project update Galileo Events Next launch Four satellites on top of an ARIANE 5 rocket Dec 12, 2017 Status of Production of the remaining ordered satellites: production 7 satellites are currently located in our cleanrooms, implementation of corrective measures on these work order II satellites is go
Slide 4: Project update Ariane 6
Project update Ariane 6 Events Next steps Implementing one of the most important technical innovations of Ariane 6, friction stir welding (FSW) using efficient materials Status of Construction of the production hall in Augsburg (E06) for tank welding production Installation of the first set of machi
Slide 5: The Group in brief 9M/2017
The Group in brief 9M/2017 EUR (000) 9M/2016 9M/2017 ∆ Order backlog (Sep 30) 1,601,261 2,049,423 + 28% Total revenues 507,079 540,976 + 7% EBITDA 37,454 41,577 + 11% EBIT 28,556 31,712 + 11% EBT 25,422 29,557 + 16% Net profit 17,326 20,639 + 19% EPS (EUR) 0.89 1.04 + 17% Analyst conference call / O
Slide 6: Group results
Total Revenues Group results 600 577 535 534 541 507 9M 2017 500 EUR million 400 300 200 Blue coloured line: pro-forma results 100 for 9M 2014 deducting the results of 0 9M 2014 9M 2015 9M 2016 9M 2017 the former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA 50,00 41.6 40.7 40,00 37.4 3
Slide 7: Space Systems
Total revenues Space Systems 430 421 9M 2017 420 408 410 404 EUR million 400 390 387 380 370 9M 2014 9M 2015 9M 2016 9M 2017 EBITDA 24.7 25,00 24.4 24,00 23,00 21.8 22,00 21.3 21,00 20,00 19,00 9M 2014 9M 2015 9M 2016 9M 2017 EBIT 9M/2017: EBIT margin 4.6%, EBIT margin on internal value added 9.7% 2
Slide 8: Aerospace + Industrial Products
Total Revenues Aerospace + 200 165 Industrial Products 150 122 131 123 145 9M 2017 100 EUR million 50 0 9M 2014 9M 2015 9M 2016 9M 2017 EBITDA 20,00 19.5 17.2 15.7 15,00 13.1 11.4 10,00 5,00 0,00 9M 2014 9M 2015 9M 2016 9M 2017 EBIT 9M/2017: EBIT margin 9.1 %, EBIT margin on internal value added 10.
Slide 9: Guidance 2017
Full year Guidance 2017 guidance 2017 confirmed Total Revenues 800 800 773 730 728 800 700 600 541 600 500 400 400 300 200 200 100 0 0 2014 2015 2016 9M 2017 2017E EBITDA 55.1 60 60,00 53.4 52.1 60 41.6 50 40,00 40 30 20,00 20 10 0,00 0 2014 2015 2016 9M 2017 2017E EBIT 44 44,00 40.4 40.2 42.7 40 34
Slide 10: Cash Flow / EUR (000)
Cash Flow / EUR (000) 9M/2016 9M/2017 Net outflow of funds for operating activities – 33,827 – 33,051 Net outflow of funds due to investment activities – 10,343 – 19,776 Net inflow of funds from financing activities 45,707 41,203 Change in liquid funds 1,537 – 11,624 Others – 17 201 Liquid funds at
Slide 11: Assets / EUR (000)
Assets / EUR (000) 31/12/2016 30/09/2017 ∆ Non-current assets 211,370 238,235 + 26,865 Property, plant and equipment 60,640 75,207 + 14,567 Other financial assets 30,979 33,417 + 2,438 Other intangible assets 89,967 101,565 + 11,598 Others 29,784 28,316 – 1,468 Current assets 471,544 518,817 + 47,27
Slide 12: Shareholder's equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 31/12/2016 30/09/2017 ∆ Equity 183,590 199,682 + 16,092 Non-current liabilities and provisions 171,391 214,907 + 43,516 Provisions for pensions 100,437 99,285 – 1,152 Non-current advanced payments 37,398 47,153 + 9,755 Others 33,556 68,469 + 34,913 Cu
Slide 13: Shareholder's structure
Shareholder’s structure November 2017 Treasury Stock Free Float Fuchs Pool Fuchs Pool 12,178,720 (69.72 %) Free Float 5,208,880 (29.82 %) Treasury Stock 80,469 (0.46 %) Total issued capital 17,468,096 Analyst conference call / OHB's Q3/9M interim report / November 14, 2017 13
Slide 14: Analyst ratings
Analyst ratings Date Institution Price target Recommendation November 2017 Bankhaus Lampe 50.00 EUR buy November 2017 equinet Bank 32.00 EUR neutral November 2017 Commerzbank 31.00 EUR reduce November 2017 DZ Bank 52.00 EUR buy October 2017 HSBC Trinkaus & 36.00 EUR sell Burkhardt Analyst conference
Slide 15: The stock at a glance
The stock at a glance EUR 9M/2016 9M/2017 High, Xetra 20.78 40.89 Low, Xetra 17.02 18.27 Closing price (Sep 30), Xetra 18.35 40.89 Average daily trading volumes (Xetra + floor) 4,634 15,348 Market capitalisation (Sep 30), Xetra 320,539,562 714,270,445 Number of shares 17,468,096 17,468,096 Analyst c
Slide 16: Financial calendar 2017 / 2018
Financial calendar 2017 / 2018 November 14, 2017 Nine-month interim report 2017, conference call November 27-29, 2017 Analyst presentation at German Equity Capital Market Forum / FFM February 7, 2018 Capital Market Day March 21, 2018 Consolidated Financial Statements FY 2017 8:30 a.m. Annual press c