Slide 1: Six-Month 2010 Results Analysts' Conference Call
Six-Month 2010 Results Analysts’ Conference Call August 11, 2010
Slide 2: Highlights in the first six months 2010
HIGHLIGHTS H1/2010 Highlights in the first six months 2010 Total revenues for the first six months 2010 increased by 42 % to EUR 193 million Operating profit (EBITDA) come to EUR 14.3 million (previous year EUR 12.4 million) EBIT of EUR 9.1 million and EPS of 21 Cent Order Backlog with EUR 1
Slide 3: The Group in brief Q2/2010
FINANCIALS H1/2010 The Group in brief Q2/2010 (EUR 000) Q2/2010 Q2/2009 Δ Order backlog (June 30) 1,288,763 829,575 +55% Total revenues 94,865 68,891 +38% EBITDA 6,710 5,113 +31% EBIT 4,119 2,818 +46% EBT 1,962 1,826 +7% Net profit after minorities 1,247 1,044 +19% EPS (EUR) 0.07 0.07 +/- 0 OHB Tech
Slide 4: The Group in brief 6M/2010
FINANCIALS H1/2010 The Group in brief 6M/2010 (EUR 000) 6M/2009 6M/2008 Δ Order backlog (June 30) 1,288,763 829,575 +55% Total revenues 192,582 135,484 +42% EBITDA 14,304 12,398 +15% EBIT 9,147 7,813 +17% EBT 5,624 5,714 -2% Net profit after minorities 3,630 3,205 +13% EPS (EUR) 0.21 0.22 -5% OHB Te
Slide 5: Cash Flow
FINANCIALS H1/2010 Cash Flow (EUR 000) 6M/2010 6M/2009 Net inflow of funds from operating activities + 44,588 +10,277 Net outflow of funds due to investment activities - 21,968 -5,160 Net outflow of funds for financing activities - 10,328 -7,060 Change in liquid funds + 12,292 -1,943 Others -12 +92
Slide 6: Assets
FINANCIALS H1/2010 Assets (EUR 000) 06/30/2010 12/31/2009 Δ Non-current assets 114,653 114,296 +357 - Property, plant and equipment 53,070 53,785 -715 - Other financial assets 9,171 10,039 -868 - Long-term securities 5,215 5,171 +44 Current Assets 390,080 327,609 +62,471 - Inventories 119,936 102,68
Slide 7: Shareholders' equity and liabilities
FINANCIALS H1/2010 Shareholders‘ equity and liabilities (EUR 000) 06/30/2010 12/31/2009 Δ Equity 94,522 98,125 -3,603 Non-current liabilities 161,800 156,243 +5,557 and provisions - Provisions for pensions 72,674 71,568 +1,106 - Non-current advance payments 59,536 57,933 +1,603 Current liabilities 2
Slide 8: Balance sheet structure
FINANCIALS H1/2010 Balance sheet structure (in percentage of total assets) Total assets 6M/2010: EUR 505 million Non-current Equity assets Non-current Current assets liabilities and provisions thereof advance payments thereof Current securities liabilities and cash Assets Shareholders‘ equity and li
Slide 9: 6M/2010 – Space Systems + Security
FINANCIALS H1/2010 6M/2010 – Space Systems + Security Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) OHB Technology AG | August 11, 2010 | Page 9
Slide 10: 6M/2010 – Payloads + Science
FINANCIALS H1/2010 6M/2010 – Payloads + Science Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) OHB Technology AG | August 11, 2010 | Page 10
Slide 11: 6M/2010 – Space International
FINANCIALS H1/2010 6M/2010 – Space International Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) In 2009 LUXSPACE only , in 2010 LUXSPACE and Carlo Gavazzi Space OHB Technology AG | August 11, 2010 | Page 11
Slide 12: 6M/2010 – Space Transportation + Aerospace Structures
FINANCIALS H1/2010 6M/2010 – Space Transportation + Aerospace Structures Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) OHB Technology AG | August 11, 2010 | Page 12
Slide 13: 6M/2010 – Telematics + Satellite Operations
FINANCIALS H1/2010 6M/2010 – Telematics + Satellite Operations Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) OHB Technology AG | August 11, 2010 | Page 13
Slide 14: Acquisition of 100% of Thales Alenia Space Antwerp
ACQUISITION OF THALES ALENIA SPACE ANTWERP Acquisition of 100% of Thales Alenia Space Antwerp Important step for further growth in ESA countries OHB in Belgium Located in Antwerp, Belgium Workforce of 42 employees Order backlog 2010, July 31 of EUR 5.5 million Cash 2010, July 31 of EUR 5.5 m
Slide 15: Acquisition of 100% of Thales Alenia Space Antwerp: market and benefits
ACQUISITION OF THALES ALENIA SPACE ANTWERP Acquisition of 100% of Thales Alenia Space Antwerp Market Belgium is no 6 in the European space technology market with approx. EUR 180 million sales in 2009 (Europe 2009: EUR 5.5 billion) Benefits of the Acquisition Access to space projects in Belgium
Slide 16: Impacts of the transaction
ACQUISITION OF THALES ALENIA SPACE ANTWERP Impacts of the transaction Impacts of the acquisition: First time consolidation will probably lead to badwill impact on OHB P&L Consolidation of “OHB Antwerp” will start on August 1, 2010 Long-term agreement with TAS will give security for the future
Slide 17: Impact on OHB Group structure
ACQUISITION OF THALES ALENIA SPACE ANTWERP Impact on OHB Group structure First-time consolidation planned for August 1, 2010 Space Systems Payloads Space Space Transportation Telematics + Security + Science International + Aerospace Structures + Satellite Operations OHB–System Kayser-Threde Carlo Ga
Slide 18: Guidance Group 2010
OUTLOOK 2010 Guidance Group 2010 (in EUR million) Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) OHB Technology AG | August 11, 2010 | Page 19
Slide 19: Outlook 2010 business units in detail
OUTLOOK 2010 Outlook 2010 business units in detail Space Systems + Security Galileo: satellite development Meteosat Third Generation (MTG): Contract signing expected in 2010 Payloads + Science EnMAP: satellite development / delivery simulation module MTG: Contract signing expected in 2010 Sp
Slide 20: Shareholders' structure
BACKUP Shareholders’ structure Status: 2010/06/30 Total issued capital: 17,468,096 shares OHB Technology AG | August 11, 2010 | Page 21
Slide 21: The stock at a glance
BACKUP The stock at a glance EUR H1/2010 H1/2009 High, Xetra 18.34 9.35 Low, Xetra 11.40 5.85 Closing price, Xetra 16.86 8.03 Average daily trading volumes 73,370 5,017 (Xetra + floor) Market capitalization, Xetra 295 million 120 million Number of shares 17,468,096 14,928,096 OHB Technology AG | Aug
Slide 22: Analyst ratings
BACKUP Analyst ratings Date Institute Price Target Recommendation June 2010 Commerzbank EUR 20.00 Buy May 2010 VISCARDI EUR 20.00 Buy May 2010 DZ BANK EUR 19.00 Buy HSBC Trinkaus & March 2010 EUR 17.50 Neutral Burkhardt OHB Technology AG | August 11, 2010 | Page 23
Slide 23: Calendar of events 2010
BACKUP Calendar of events 2010 Events Date Half-year report / conference call August 11, 2010 Investors presentation August 25-26, 2010 Commerzbank Sector Conference Week, Frankurt/Main Investors presentation September 21, 2010 UniCredit German Investment Conference, Munich Nine-month report / confe
Slide 24: Contact
BACKUP Contact CEO Marco R. Fuchs +49-421-2020-664 IRO Michael Vér +49-421-2020-727 Internet: http://www.ohb-technology.de Email: ir@ohb-technology.de Fax: +49-421-2020-613 OHB Technology AG | August 11, 2010 | Page 25