Slide 1: 9m results 2025
- 9m results 2025 29 October 2025 Guillaume Faury Chief Executive Officer Thomas Toepfer Chief Financial Officer
Slide 2: Safe Harbour Statement
Safe Harbour Statement 2 DISCLAIMER This presentation includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “targets”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forw
Slide 3: Company highlights
AIRBUS 01. é Company Cane highlights oS »
Slide 4: 9m 2025 Key Topics
4 9m 2025 Key Topics Progressing in a complex and Financials dynamic operating environment € 4.1 bn EBIT Adjusted 507 Commercial aircraft delivered € 3.4 bn EBIT Reported Guidance maintained, now including currently applicable tariffs € - 0.9 bn FCF before Customer Financing
Slide 5: MoU signed to create a leading European player in space in 2027
5 MoU signed to create a leading European player in space in 2027 Full space value chain excluding launchers New company Space Space Satellites 35% systems services ~€ 6.5 bn revenues* ~25,000 32.5% Lead innovative European and national sovereign programmes employees mid triple digit Foster innovati
Slide 6: 9m 2025 Commercial Positioning
6 9m 2025 Commercial Positioning Airbus: 9m 2025 9m 2024 Change Good commercial momentum Order Intake 514 648 -20.7% (net) Airbus (in units) Order Book 8,665 8,749 -1.0% Helicopters: Positive momentum in both Civil & Military Order Intake 306 308 -0.6% markets (net) Helicopters (in units) Order Book
Slide 7: 9m 2025 Financial Performance
7 9m 2025 Financial Performance Revenues Revenues by Division (1) R&D in € bn in % in € bn Airbus Helicopters 70% 11% 44.5 47.4 € 47.4 bn 2.4 2.1 t/o defence € 9.2 bn 9m 2024 9m 2025 9m 2024 9m 2025 Defence and Space 19% (1) Breakdown based on External Revenues
Slide 8: 9m 2025 Profitability
8 9m 2025 Profitability EBIT Adjusted EBIT Reported in € bn in € bn EBIT Adjustments of € - 781 m : 8.7% 7.1% • € - 577 m $ Working Capital mismatch and 6.3% 6.0% Balance Sheet revaluation • € - 105 m related to Airbus Defence & Space 4.1 workforce adaptation plan 3.4 2.8 2.7 • € - 88 m Spirit AeroS
Slide 9: USD Exposure Coverage
9 USD Exposure Coverage IN $ BILLION Forwards, Collars & Euro Conversion as of Sep. 2025 14.8 Forwards & Euro Conversion 24.2 as of Dec. 2024 22.5 17.6 9.6 5.6 1.2 Average blended rates(1) 2025 2030 (€ vs. $) remaining 3 months 2026 2027 2028 2029 and beyond Forwards, Collars and Euro 1.21 1.21 1.23
Slide 10: 9m 2025 Cash Evolution
10 9m 2025 Cash Evolution IN € BILLION -3.7 +4.7 -2.3 +0.5 -2.4 -1.6 Free Cash Flow (1): € - 0.8 bn 11.8 FCF before Customer Financing (1): € - 0.9 bn 7.0 [9m’24: € - 0.8 bn] (2) Net Cash Position Gross Cash Flow Change in Industrial CapEx Other FCF Shareholder Pensions Net Cash Position December 20
Slide 11: Divisional highlights
AIRBUS 02. Divisional highlights
Slide 12: Airbus
12 Airbus Deliveries by Programme (% of units delivered) IN € MILLION 9m 2025 9m 2024 Change A330 Order Intake (net) 514 648 -20.7% A320 4% Units 77% Order Book 8,665 8,749 -1.0% A350 Deliveries Units 507 497 2.0% 7% Revenues 33,886 32,879 3.1% R&D Expenses 1,728 1,919 in % of Revenues 5.1% 5.8% -10
Slide 13: Airbus Helicopters
13 Airbus Helicopters External Revenue Split IN € MILLION 9m 2025 9m 2024 Change Order Intake (net) 306 308 -0.6% Units Civil Order Book 981 922 6.4% 47% Deliveries Units 218 190 14.7% Revenues 5,652 4,875 15.9% R&D Expenses 227 227 in % of Revenues 4.0% 4.7% 0.0% Defence EBIT Adjusted 495 420 17.9%
Slide 14: Airbus Defence and Space
14 Airbus Defence and Space External Revenue Split IN € MILLION 9m 2025 9m 2024 Change Services Order Intake (net) 6,753 10,971 -38.4% 34% Revenues 8,876 7,609 16.7% R&D Expenses 206 228 in % of Revenues 2.3% 3.0% -9.6% EBIT Adjusted 420 (661) N/A Platforms in % of Revenues 4.7% -8.7% 66% EBIT 353 (
Slide 15: Guidance highlights
AIRBUS 03. Guidance highlights
Slide 16: 2025 Guidance
16 2025 Guidance The Company targets to achieve in 2025 Around Around Around 820 € 7.0 bn € 4.5 bn Commercial aircraft EBIT Adjusted FCF before deliveries customer financing As the basis for its 2025 guidance, the Company assumes no additional disruptions to global trade or the world economy, air tr
Slide 17: Key Priorities
17 Key Priorities Continue to deliver on our commercial aircraft ramp-up Focus on profitable growth Successfully manage the transformation of Airbus Lead the development of Defence and Space sustainable aerospace Play a key role in bridging the European Defence capability gap Maintain strong commerc
Slide 18: Appendix. 9m Results 2025
AIRBUS Appendix. 9m Results 2025
Slide 19: Expected Average Blended Rates for Forwards, Collars and Euro Conversion
Expected Average Blended Rates for Forwards, Collars and Euro Conversion € vs. $ 19 Active exposure management 1.24 Average Blended Rates FY 2024 1.21 1.23 1.22 FY 2025E 1.19 1.21 1.21 1.20 1.20 1.20 1.19 1.18 (1) 1.18 1.17 1.16 Q1 Q2 Q3 Q4 2024 2025E Blended rates reflect both EBIT impact of hedge
Slide 20: 9m 2025 Detailed Income Statement and Adjustments
20 9m 2025 Detailed Income Statement and Adjustments thereof Adjustments Impact on EBIT 9m 2025 Financial 9m 2025 IN € MILLION Operational FX Reported Result Adjusted Defence Airbus + Defence Airbus Helicopters and Space(1) and Space(2) EBIT 3,365 4,146 (135) (69) 0 (577) in % of Revenues 7.1% 8.7%
Slide 21: 9m 2024 Detailed Income Statement and Adjustments
21 9m 2024 Detailed Income Statement and Adjustments thereof Adjustments Impact on EBIT 9m 2024 Financial 9m 2024 IN € MILLION Operational FX Reported Result Adjusted Defence Airbus + Defence Airbus Helicopters and Space(1) and Space(2) EBIT 2,690 2,798 (18) 56 0 (146) in % of Revenues 6.0% 6.3% Int
Slide 22: Liquidity as of 30 September 2025
22 Liquidity as of 30 September 2025 RSCF € 8.0 bn • Signed on July 5, 2022 • 2nd extension option of 1 year exercised in June 2024 and approved by all lenders: the full €8bn line is committed until Credit Facility (RSCF) July 5, 2029 • Fully committed by 38 banks • No financial covenants, no MAC cl
Slide 23: Q3 2025 Key Figures
23 Q3 2025 Key Figures IN € MILLION Q3 2025 Q3 2024 Revenues 17,826 15,689 EBIT Adjusted 1,942 1,407 EBIT 1,748 1,234 Net Income 1,116 983 FCF before Customer Financing 696 (316) FCF 806 (318) IN € MILLION Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Revenues EBIT Adjusted EBIT Airbus 13,057 11,6
Slide 24: Detailed Free Cash Flow
24 Detailed Free Cash Flow IN € MILLION 9m 2025 9m 2024 Net Cash position at the beginning of the period 11,753 10,726 Gross Cash Flow from Operations (1) 4,709 3,256 Change in working capital (2) (3,677) (2,294) Investments in intangible and fixed assets (net) (1,810) (1,839) & Dividends paid by co
Slide 25: Net Cash Position
25 Net Cash Position IN € MILLION Sep. 2025 Dec. 2024 Gross Cash 21,334 26,864 Financing Liabilities (13,521) (14,279) Short-term Financing Liabilities (4,373) (3,924) Long-term Financing Liabilities (9,148) (10,355) Interest rate contracts (771) (832) Reported Net Cash 7,042 11,753
Slide 26: Customer Financing Exposure
26 Customer Financing Exposure IN € MILLION Sep. 2025 Dec. 2024 Sep. 2025 Dec. 2024 Airbus Helicopters Closing rate € 1 = $ 1.17 $ 1.04 $ 1.17 $ 1.04 Total Gross Exposure 182 309 13 17 of which off-balance sheet 0 2 2 2 Estimated value of collateral (147) (263) (13) (17) Net Exposure 35 46 0 0 Provi
Slide 27: Airbus Customer Financing
27 Airbus Customer Financing Additions Sell Down Amortization Net change Airbus Customer Financing Gross 1,0 0,9 0,8 0,8 0,7 Exposure in $ bn 0,6 0,6 0,5 0,3 0,3 0,2 0,1 0,0 0,1 0,1 0,0 (0,2) (0,1) (0,1) (0,3) (0,3) (0,4) (0,4) (0,1) (0,6) (0,5) (0,6) (0,0) (0,0) (0,7) (0,7) (0,7) (0,7) (0,7) (0,0)
Slide 28: Balance Sheet Highlights: Assets
28 Balance Sheet Highlights: Assets IN € MILLION Sep. 2025 Dec. 2024 Non-current Assets 59,525 59,781 of which Intangible & Goodwill 16,955 17,179 of which Property, plant & equipment 19,716 19,112 of which Investments & other long-term financial assets 7,435 7,510 of which Contract assets 19 61 of
Slide 29: Balance Sheet Highlights: Liabilities
29 Balance Sheet Highlights: Liabilities IN € MILLION Sep. 2025 Dec. 2024 Total Equity 23,696 19,696 of which AOCI (Accumulated Other Comprehensive Income) 14 (3,286) of which Non-controlling interests 90 90 Total Non-current liabilities 44,953 48,894 of which Pensions 1,264 1,555 of which Other pro
Slide 30: New Capitalised Research and Development
30 New Capitalised Research and Development IN € MILLION 9m 2025 9m 2024 Airbus 166 144 Helicopters 0 1 Defence and Space 55 128 Eliminations 0 0 Consolidated Airbus 221 273
Slide 31: Shareholding Structure at 30 September 2025
31 Shareholding Structure at 30 September 2025 SOGEPA 10.8% Free Float 73.9% GZBV 10.8% SEPI 4.1% Treasury Shares 0.4% 792,283,683 shares issued at 30 September 2025
Slide 32: Quarterly Revenues Breakdown (Cumulative)
32 Quarterly Revenues Breakdown (Cumulative) IN € MILLION Q1 H1 9m FY 2025 2024 2025 2024 2025 2024 2025 2024 Airbus 9,521 9,167 20,829 21,215 33,886 32,879 50,646 Helicopters 1,600 1,461 3,693 3,191 5,652 4,875 7,941 Defence and Space 2,656 2,399 5,813 4,985 8,876 7,609 12,082 Eliminations (235) (1
Slide 33: Quarterly EBIT Adjusted Breakdown (Cumulative)
33 Quarterly EBIT Adjusted Breakdown (Cumulative) IN € MILLION Q1 H1 9m FY 2025 2024 2025 2024 2025 2024 2025 2024 Airbus 494 507 1,714 1,954 3,270 3,028 5,093 Helicopters 78 71 249 230 495 420 818 Defence and Space 77 (9) 265 (807) 420 (661) (566) Eliminations (25) 8 (24) 14 (39) 11 9 Consolidated
Slide 34: Quarterly EBIT Breakdown (Cumulative)
34 Quarterly EBIT Breakdown (Cumulative) IN € MILLION Q1 H1 9m FY 2025 2024 2025 2024 2025 2024 2025 2024 Airbus 451 500 1,231 1,972 2,556 2,876 5,133 Helicopters 78 71 249 230 495 420 818 Defence and Space (31) 30 161 (760) 353 (617) (656) Eliminations (25) 8 (24) 14 (39) 11 9 Consolidated Airbus 4
Slide 35: 9m 2025 IFRS vs. APM Cash Flow Reconciliation
35 9m 2025 IFRS vs. APM Cash Flow Reconciliation IN € BILLION Sep. 2025 Cash provided by (used for) operating activities 0.8 t/o Reimbursement from / contribution to plan assets (0.2) t/o Treasury swaps 0.0 t/o Change in other operating assets and liabilities (3.7) Gross Cash Flow from Operations 4.
Slide 36: Glossary on Alternative Performance Measures (APM)
36 Glossary on Alternative Performance Measures (APM) This presentation also contains certain “non-GAAP financial measures”, i.e. financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measure calculated and presented in accordance