Slide 1: Conference Call OHB SE Nine-month results
November 16, 2016 Conference Call OHB SE Nine-month results Kurt Melching, Director Finance & Controlling Martina Lilienthal, IR Manager
Slide 2: Recent newsflow from the subsidiaries
Recent newsflow from the subsidiaries Company Headlines OHB System OHB System signed a contract with Leonardo Finmeccanica to design and develop major parts of the instrument for an ESA earth observation mission called FLEX (Fluorescence Explorer) OHB System OHB proceeds with consolidation phase for
Slide 3: Project update ExoMars 2016
Project update ExoMars 2016 Events Arrival at Mars 19 October: TGO Mars orbit insertion and Schiaparelli entry, descent and touchdown on Mars Trace Gas Orbiter According to ESA the spacecraft is working very well, first science observations will start November 20, including taking first images of th
Slide 4: Project update Galileo
Project update Galileo Events Next launch Four satellites on top of an ARIANE 5 rocket will be launched on November 17, 2016 from Europe’s spaceport in Kourou … and beyond Status of production of the remaining ordered satellites: 3 satellites are currently completed in our cleanroom, 5 satellites ar
Slide 5: ESA-Ministerial Council on December 1, 2 in Lucerne / Switzerland
ESA-Ministerial Council on December 1, 2 in Lucerne / Switzerland Ministers in charge of space activities from the 22 ESA Member States and Canada will meet to decide on future space activities for Europe ESA–Nadia Imbert-Vier, 2016 ESA’s Director General Jan Woerner (right) met the press on Monday,
Slide 6: The Group in brief 9M/2016
The Group in brief 9M/2016 EUR (000) 9M/2015 9M/2016 ∆ Order backlog (September 30) 1,873,406 1,601,261 -15% Total revenues 534,333 507,079 -5% EBITDA 37,433 37,454 0% EBIT 28,659 28,556 0% EBT 26,553 25,421 -4% Net profit after minorities 15,936 15,421 -3% EPS (EUR) 0.92 0.89 -3% Analyst conference
Slide 7: Group results
Group results 800 Total Revenues 577 9m 2016 600 472 535 534 507 EUR million 400 414 200 Blue coloured line: pro-forma results 0 for 9m 2013 and 9m 2014 deducting 9m 2013 9m 2014 9m 2015 9m 2016 the results of the former subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP) EBITDA 40.7 40,00 35.4 37.4
Slide 8: Space Systems
Total revenues Space Systems 300 421 408 387 9m 2016 250 314 200 EUR million 150 100 50 0 9m 2013 9m 2014 9m 2015 9m 2016 EBITDA 30,00 25.3 24.7 25,00 21.8 21.3 20,00 15,00 10,00 5,00 0,00 9m 2013 9m 2014 9m 2015 9m 2016 EBIT 9M/2016: EBIT margin 5.0%, EBIT margin on own value added 9.2% 20.7 21,00
Slide 9: Aerospace + Industrial Products
Aerospace + Total Revenues 200,00 165 Industrial Products 150,00 163 131 123.3 105 9m 2016 100,00 122 EUR million 50,00 0,00 9m 2013 9m 2014 9m 2015 9m 2016 EBITDA 20,00 19.5 15.7 15,00 13.1 10,00 10.1 11.4 9.2 5,00 0,00 9m 2013 9m 2014 9m 2015 9m 2016 9M/2016: EBIT margin 7.9%, EBIT margin on own v
Slide 10: Guidance 2016
Full year 2016 Guidance 2016 guidance reiterated Total Revenues 577 750 600 534 507 800 472 700 600 400 500 400 200 300 200 100 0 0 9m 2013 9m 2014 9m 2015 9m 2016 2016E EBITDA 54 50,00 40.7 60 35.4 37.4 37.5 50 30,00 40 30 10,00 20 10 -10,00 9m 2013 9m 2014 9m 2015 9m 2016 0 2016E EBIT 42 40,00 50
Slide 11: Cash Flow / EUR (000)
Cash Flow / EUR (000) 9M/2015 9M/2016 Net outflow of funds for operating activities -10,882 -33,827 Net outflow of funds due to investment activities -3,542 -10,343 Net inflow of funds from financing activities -2,043 45,707 Change in liquid funds -16,467 1,537 Others 428 -17 Liquid funds at the beg
Slide 12: Assets / EUR (000)
Assets / EUR (000) 31/12/2015 30/09/2016 ∆ Non-current assets 165,775 190,378 +24,603 Property, plant and equipment 54,188 56,322 +2,134 Other financial assets 26,335 32,063 +5,728 Other intangible assets 61,057 77,416 +16,359 Others 24,195 24,577 +0,382 Current assets 472,950 533,764 +60,814 Invent
Slide 13: Shareholder’s equity and liabilities / EUR (000)
Shareholder’s equity and liabilities / EUR (000) 31/12/2015 30/09/2016 ∆ Equity 168,751 183,744 +14,993 Non-current liabilities and provisions 125,513 128,341 +2,828 Provisions for pensions 93,575 92,777 -798 Deferred tax liabilities 23,166 29,258 +6,092 Others 8,772 6,306 -2,466 Current liabilities
Slide 14: Shareholder’s structure
Shareholder’s structure November 2016 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 9-month report / November 16, 2016 14
Slide 15: Analyst ratings
Analyst ratings Date Institution Price target Recommendation November 2016 Commerzbank 20.00 EUR hold August 2016 Equinet Bank 20.00 EUR neutral August 2016 HSBC Trinkaus & 23.00 EUR buy Burkhardt August 2016 DZ Bank 23.00 EUR buy May 2016 Quirin Bank 25.00 EUR buy Analyst conference call /OHB's 9-m
Slide 16: The stock at a glance
The stock at a glance EUR 9M/2015 9M/2016 High, Xetra 23.60 20.78 Low, Xetra 16.59 17.02 Closing price, Xetra 17.65 18.35 Average daily trading volumes (Xetra + floor) 10,132 4,634 Market capitalisation, Xetra 308,311,894 320,539,562 Number of shares 17,468,096 17,468,096 Analyst conference call /OH
Slide 17: Financial calendar 2016 / 2017
Financial calendar 2016 / 2017 November 21-23, 2016 Analyst and investor presentation, German Equity Forum / Frankfurt am Main February 15, 2017 Capital Market Day March 21, 2017 Annual press conference, FY 2016 / Bremen March 21, 2017 DVFA analyst conference, FY 2016 / Frankfurt May 10, 2017 Three-