Airbus Se · EURONEXT:AIR
Airbus — EADS — Shareholder Meeting (May 2011)
29 slides from Airbus's shareholder meeting presentation, May 26, 2011
Slide 1: Annual General Meeting 2011
Annual General Meeting 2011 26 May 2011 Bodo Uebber Chairman of the EADS Board of Directors
Slide 2: Introduction
2 Introduction Presentation of the Members of the Board of Directors 10 Years EADS – A successful Decade
Slide 3: Board of Directors
3 Board of Directors Board Activities 2010 Strategic Committee Audit Committee Enterprise Risk Management Compliance Remuneration and Nomination Committee Board Evaluation Corporate Responsibility & Sustainability
Slide 4: New Dutch Regulations
4 New Dutch Regulations Impact on EADS’ Articles of Association
Slide 5: Remuneration Policy
5 Remuneration Policy Target Setting Variable Pay Structure Long Term Incentive Plan
Slide 6: Remuneration Policy
6 Remuneration Policy Target Setting Variable Pay Structure Long Term Incentive Plan
Slide 7: Remuneration Policy: Target Setting
7 Remuneration Policy: Target Setting FINANCIAL TARGET SETTING Agreement on collective financial targets for Annual variable pay and LTIP for EADS Group and Divisions (EBIT*, Free Cash Flow and Earning per Share) are based on a common dedicated annual Financial Target Setting Process INDIVIDUAL TARG
Slide 8: Remuneration Policy: Financial Target Setting
8 Remuneration Policy: Financial Target Setting Financial Performance Metrics in € (EBIT* & CF) STEP 1 Top Down (Benchmarks…) 150% Ambitious Target Performance Achievement STEP 2 100% Basic Target Performance Achievement Budget Operative Planning Year 1 Year 2 Time * Pre-goodwill impairment and exce
Slide 9: Remuneration Policy: Target Setting
9 Remuneration Policy: Target Setting FINANCIAL TARGET SETTING INDIVIDUAL TARGET SETTING Agreement on individual (operational or behavioral) targets are done and documented in an Individual Target Agreement which is part of the Annual Interview and the EADS Performance & Development Cycle
Slide 10: Remuneration Policy: Variable Pay Structure
10 Remuneration Policy: Variable Pay Structure Individual Part Financial Part 0 – 100 – 200% Financial Targets COLLECTIVE 50% TARGET EBIT* (50%) SETTING Free Cash Flow (50%) (EADS / Division) 0 – 100 – 200% Operational Targets INDIVIDUAL 50% TARGET AGREEMENT Professional and Behavioral Targets • Pre
Slide 11: Remuneration Policy
11 Remuneration Policy Target Setting Variable Pay Structure Long Term Incentive Plan
Slide 12: Share Price Evolution in 2010
12 Share Price Evolution in 2010 % 1st Quartal Quarter 3rd3rd Quarter 4th 1st 2nd 2ndQuarter Quartal Quartal 4thQuarter Quartal 150 € 20 140 19 130 18 17 120 16 110 15 100 14 13 90 12 80 EADS CAC 40 4 January 2010: Base 100
Slide 13: Share Price Evolution in 2011 (until 25 May)
13 Share Price Evolution in 2011 (until 25 May) % January February March April May (up to May 25) 150 € 140 25 24 130 23 22 120 21 20 110 19 100 18 17 90 16 80 EADS CAC 40 3 January 2011: Base 100
Slide 14: Dividend
14 Dividend 0.68 € Earning per Share (EPS) 0.22 € Dividend Proposal Payout Ratio: 32% Record Date: 3 June 2011 Payout Date: 6 June 2011
Slide 15: Board Priorities for 2011
15 Board Priorities for 2011 New Procedures and Processes Strategic Initiatives for Global Growth Financial Progress towards Benchmark Profitability Management and Governance Transition 2012
Slide 16: Conclusion
Conclusion f
Slide 17: Annual General Meeting 2011
Annual General Meeting 2011 26 May 2011 Louis Gallois Chief Executive Officer
Slide 18: Safe Harbour Statement
18 Safe Harbour Statement Disclaimer This presentation includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-lookin
Slide 19: Group Highlights
Group Highlights f Financial Highlights Divisional Performance Guidance
Slide 20: From resilience to growth
20 From resilience to growth Backlog (bn €) Order intake (bn €) Net cash (bn €) +15% +22% 389.1 448.5 81% 83.1 9.8 11.9 389 bn € + 389 bn € 389 bn € 45.8 132 bn € 132 bn € 132 bn € 2009 2010 2009 2010 2009 2010 Further profit potential, foundation for Poised to benefit from the Flexibility and fuel
Slide 21: Financial Highlights
Group Highlights f Financial Highlights Divisional Performance Guidance
Slide 22: Financial Highlights
22 Financial Highlights in € bn Q1 2011 FY 2010 FY 2009 Revenues 9.9 45.8 42.8 of which Defence 2.0 12.3 10.8 EBIT* before one-off 0.23 1.3 2.2 EBIT* 0.19 1.2 (0.3) Order intake 6.3 83.1 45.8 in € bn Mar. 2011 Dec. 2010 Dec. 2009 Total Order book** 422.4 448.5 389.1 of which Defence 57.0 58.3 57.3 S
Slide 23: Profit & Loss Highlights
23 Profit & Loss Highlights Q1 2011 FY 2010 FY 2009 in % of in % of in % of €m Revenues €m Revenues €m Revenues EBIT* 192 1.9% 1,231 2.7% (322) (0.8%) Self-financed R&D** 650 6.6% 2,939 6.4% 2,825 6.6% EBIT* before R&D 842 8.5% 4,170 9.1% 2,503 5.8% Interest result (47) (0.5%) (99) (0.2%) (147) (0.3
Slide 24: Free Cash Flow
24 Free Cash Flow in € m Q1 2011 FY 2010 FY 2009 Net cash position at the beginning of the period 11,918 9,797 9,193 Gross Cash Flow from Operations* 568 2,177 2,423 Change in working capital 112 2,819 15 of which Customer Financing 101 63 (406) Cash used for investing activities** (371) (2,289) (1,
Slide 25: Divisional Performance
Group Highlights Financial Highlights Divisional Performance Guidance
Slide 26: 2010 Divisional Highlights
26 2010 Divisional Highlights Other Businesses in € bn Airbus Airbus Commercial Military Order intake** 68.2 0.15 4.3 6.0 4.3 1.7 Order book** 378.9 22.8 14.6 15.8 16.9 2.5 Revenues 27.7 2.7 4.8 5.0 5.9 1.2 EBIT* 0.3 0.02 0.2 0.3 0.5 0.02 2010 EADS revenues: € 45.8 bn 2010 EADS EBIT*: € 1.2 bn • Pre
Slide 27: Guidance
Group Highlights Financial Highlights Divisional Performance Guidance
Slide 28: Guidance
28 Guidance 2011 guidance is based on €:$ 1.35 Airbus orders and deliveries: Airbus deliveries : 520 – 530 commercial aircraft; Book to bill > 1 Revenues: EADS revenues above the 2010 level EBIT* before one-off: EADS expects 2011 EBIT* before one-off to remain stable compared to the 2010 level, at a
Slide 29: Conclusion
@ AIRBUS @ASTRIUM Q@CASSIDIAN @ EUROCOPTER >