Slide 1: Earnings Call | Annual Report 2025
EARNINGS CALL | ANNUAL REPORT 2025 MARCH 19, 2026 MARCO FUCHS, CEO DR. TIM TECKLENBURG, CFO EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 2
Slide 3: Recap 2025
RECAP 2025 EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 3
Slide 4: Multiple successful launches in 2025
MULTIPLE SUCCESSFUL LAUNCHES IN 2025 ▪ January 14: Earth observation satellite GARAI-A − Implementation of multiple further improvements to the platform within a short period of time − Demonstrated the modularity and upgradeability of OHB Sweden’s InnoSat platform ▪ July 1: Weather satellite MTG-S1
Slide 5: OHB in 2025: capturing growth and securing strong position in a transforming space market
OHB IN 2025: CAPTURING GROWTH AND SECURING STRONG POSITION IN A TRANSFORMING SPACE MARKET ▪ LISA (ESA): First L-Class mission to measure gravitational waves – revolutionizing space science Major commercial ▪ Heinrich Hertz (DLR): Operation of an institutional / military geostationary successes commu
Slide 6: Measures to accommodate growth already in implementation
MEASURES TO ACCOMMODATE GROWTH ALREADY IN IMPLEMENTATION PREPARING FOR INCREASING SATELLITE DEMAND AND INDUSTRIALIZATION ▪ OHB Sweden AB inaugurated new location − Strategic investment and significant milestone for OHB Sweden − Enabling further growth: − Proximity of office space and cleanroom reduc
Slide 7: Increasing momentum at MT Aerospace – strong growth prospects
INCREASING MOMENTUM AT MT AEROSPACE – STRONG GROWTH PROSPECTS ▪ Acquisition of remaining 30 % stake in MT Aerospace AG underlines our confidence in its established growth path and the very positive development of the global launch vehicle market: − Ariane 6: Program ramp-up confirmed with four fligh
Slide 8: OHB Digital in 2025
OHB DIGITAL IN 2025 AGAIN, STRONG ORDER INTAKE PROVES RELEVANCE OF MIDSTREAM AND SERVICES BUSINESS Order intake of > EUR 250 Midstream Geospatial Security million ▪ All-time high order intake for ▪ Becoming relevant player ▪ Successful international- in 2025 is the backbone satellite operations with
Slide 9: OHB celebrates 25th anniversary of its stock market listing
OHB CELEBRATES 25TH ANNIVERSARY OF ITS STOCK MARKET LISTING On March 13, 2001, OHB went public and is one of the few companies originating from the „Neuer Markt“ that remains both publicly listed and successful: ▪ Development into one of only three leading space-systems providers with a strong and e
Slide 10: OHB secures largest contract to date for the Swedish space industry
OHB SECURES LARGEST CONTRACT TO DATE FOR THE SWEDISH SPACE INDUSTRY ▪ OHB Sweden AB selected as prime contractor for the small satellite constellation EPS-Sterna − Based on the Artic Weather Satellite (AWS), EPS-Sterna aims at improving weather forecasts for the polar regions − Using the „New Space“
Slide 11: Development of institutional budgets
DEVELOPMENT OF INSTITUTIONAL BUDGETS EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 11
Slide 12: Large shift towards defence across key institutional budgets
LARGE SHIFT TOWARDS DEFENCE ACROSS KEY INSTITUTIONAL BUDGETS GEOPOLITICAL LANDSCAPE DRIVES PUSH FOR INCREASED SOVEREIGNTY ACROSS EUROPE +32 % EUR 131 EUR 35 5 % of GDP budget increase to EUR 22.3 billion for billion billion to be spent by members states each years 2026 to 2028 proposed for defense f
Slide 13: OHB's priorities well reflected – opportunities across all domains
OHB‘S PRIORITIES WELL REFLECTED – OPPORTUNITIES ACROSS ALL DOMAINS PARADIGM SHIFT AT ESA WITH FIRST PROGRAM FOR DUAL-USE SUBSCRIBED AT MINISTERIAL CONFERENCE 2025 Navigation; 969 Connectivity and Secure Communications; 2096 Space Safety; 957 Earth Observation; 3455 Commercialisation; 306 Human and R
Slide 14: EU Multiannual Financial Framework 2028-2034 proposal: significant budget increase for defense and space
EU MULTIANNUAL FINANCIAL FRAMEWORK (MFF) 2028-2034 PROPOSAL: SIGNIFICANT BUDGET INCREASE FOR DEFENSE AND SPACE Proposal for next MFF shows a more than 3x budget increase for defense and space ▪ The MFF is the EU’s long-term budget plan, typically covering a 7-year period 131 EUR billion ▪ Sets expen
Slide 15: EUR 35 billion for security-related space infrastructure
EUR 35 BILLION FOR SECURITY-RELATED SPACE INFRASTRUCTURE COMPLEMENTING EXISTING NATO AND EU PROGRAMS Federal Minister of Defense Boris Pistorius announced significant investment into space infrastructure by 2030: ▪ Geopolitical landscape requires establishment of redundancies, deterrents and develop
Slide 16: Financials
FINANCIALS EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 16
Slide 17: Order intake target for 2025 delivered
ORDER INTAKE TARGET FOR 2025 DELIVERED ENSURING RELIABLE AND LONG-TERM REVENUE VISIBILITY EUR 2.1 billion 2024 EUR 1.7 billion 2025 Book-to-bill ratio consistently > 1.5 EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 17
Slide 18: Entering next ESA cycle with record high order backlog
ENTERING NEXT ESA-CYCLE WITH RECORD HIGH ORDER BACKLOG IN EUR MILLION ▪ ESA Ministerial Conferences (MC) − Take place in a 3-year cycle (arrows) − Significant momentum created by MC 2025 (32 % increase of ESA budget) ▪ Outlook: Additional upside potential from − European Commission programs − Sovere
Slide 19: The group in brief
THE GROUP IN BRIEF FINANCIAL FIGURES IN EUR 000 2025 2024* Change in % Order backlog (December 31) 3,193,585 2,382,429 +34 Total revenues 1,247,601 1,030,182 +21 EBITDA 114,835 53,185 +116 Adjusted EBITDA 125,555 111,109 +13 EBIT 73,315 14,121 +419 Adjusted EBIT 84,035 72,030 +17 Net profit after mi
Slide 20: Development of financial key figures for the group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP IN EUR MILLION | BARS FOR ILLUSTRATIVE PURPOSES ONLY | OUTLOOK FOR 2026 Total revenues Profitability Adjusted EBITDA Adjusted EBIT ~ 1400 ~ 150 1248 1183 126 1001 1030 111 ~110 99 87 84 72 63 50 2022 2023* 2024** 2025 2026 2022 2023* 2024** 2025 202
Slide 21: OHB targets further order intake growth
OHB TARGETS FURTHER ORDER INTAKE GROWTH FURTHER UPSIDE POTENTIAL FROM RECENT DEFENSE INITIATIVES GROUP ORDER INTAKE*: GROWTH IN ALL DOMAINS EO: ESA / ESTEC, BAAINBw, DLR, ASI, TAS-I, Airbus DS, EU SatCom: SpaceRISE, Airbus DS, ESA, TAS-I, DLR 2.1 1.7 Science: ASI, TAS-I, ESA / ESTEC 0.9 0.7 0.4 Laun
Slide 22: Financial calendar
FINANCIAL CALENDAR March 19, 2026 FY 2025 results / Earnings call March 31, 2026 Kepler Cheuvreux Aerospace & Defence Conference April 14, 2026 Metzler Small Cap Days May 7, 2026 Q1 2026 results / Earnings call June 24, 2026 Annual General meeting August 8, 2026 Q2 2026 results / Earnings call Novem
Slide 23: Q&A
Q&A EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 23
Slide 24: Thank you!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 6426 Email: ir@ohb.de Web: www.ohb.de EARNINGS CALL: ANNUAL REPORT 2025 | MARCH 19, 2026 24