Slide 1: First Annual General Meeting
EADS First Annual General Meeting Amsterdam - May 10th, 2001 1 1) EADS at first glance 2) Operating performance by activity 3) Financial highlights 4) Outlook 2 1
Slide 2: EADS at a glance
EADS at a glance Well known EADS Total number of employees: 88,879* subsidiaries and as of Dec. 31, 2000 partnerships Other Countries Rest of Europe 2,945 USA 1,530 AIRBUS Rest of world 762 ATR EUROCOPTER Germany 36,065 EUROFIGHTER France 40,123 ASTRIUM Spain 7,454 ARIANE MBD 3 A world leader Revenu
Slide 3: A world class business
A world class business Commercial Aircraft N° 2 Helicopters N° 1 Commercial Launch Vehicles N° 1 Missile Systems N° 2 Satellites N° 3 n° 3 world-wide in 2000 Military Aircraft N° 4 n° 1 Europe 5 Key strategic points 10 months after EADS creation What we said What we did • Business growth • 2000 Reve
Slide 4: Key strategic points 10 months after EADS creation
Key strategic points 10 months after EADS creation What we said What we did • Drive industrial consolidation • AIC, MBDA, EMAC,... • Agreements with Northrop Grumman in defence electronics, namely for drones • Penetrate the US market • Boeing participation in METEOR • Defence electronics contract aw
Slide 5: EADS revenues breakdown
1) EADS at first glance 2) Operating performance by activity 3) Financial highlights 4) Outlook 9 EADS revenues breakdown pro-forma 2000 revenues by division Military Space Transport Aircraft * pro-forma 2000 Defence 10% 1% & Civil Systems revenues 11% military/civil 59% Military 19% Aeronautics 20%
Slide 6: Airbus 2000 performance and key drivers
Airbus 2000 performance and key drivers 2000 2000Performance** Performance**:: Revenues Revenues€€14.9 14.9bn bn EBIT* EBIT* €€1.4 1.4bn bn Backlog Backlog €€104.4 104.4bn bn * pre-goodwill and exceptionals ** representing our 80% share in Airbus AIRBUS VISION PROVEN RIGHT • March 31st 2001 backlog
Slide 7: Aeronautics 2000 performance and key drivers
Aeronautics 2000 performance and key drivers 2000 2000Performance Performance:: Revenues Revenues €€4.7 4.7bn bn EBIT* EBIT* €€0.3 0.3bn bn Backlog Backlog € 13.1bn € 13.1bn * pre-goodwill and exceptional FUTURE GROWTH FROM MAJOR PROGRAMS • Eurofighter on schedule => future growth and cash • Strong
Slide 8: Defence & Civil Systems 2000 performance and key drivers
Defence & Civil Systems 2000 performance and key drivers 2000 2000Performance Performance:: Revenues Revenues €€2.9 2.9bn bn EBIT* loss EBIT* loss (€ (€ 0.1bn) 0.1 bn) Backlog Backlog €€9.7 9.7bn bn * pre-goodwill and exceptionals RESTRUCTURING TO ENSURE FUTURE PROFITABILITY • Restructuring plan imp
Slide 9: Key pro-forma financial highlights
EADS sets of accounts Consolidated Not-Consolidated Accounts showing Aerospatiale Matra from CONSOLIDATED STATUTORY Jan. 1st till July 9th ACCOUNTS ACCOUNTS and EADS from July 10th 2000 Accounts as if EADS PRO-FORMA were existing since ACCOUNTS January 1st 1999 Î Only the statutory accounts of EADS
Slide 10: Pro-forma summarised profit & loss and balance sheet
Pro-forma summarised profit & loss Pro forma 2000 Pro forma 1999 € million € million Revenues 24,208 22,553 EBIT pre-goodwill & 1,399 1,445 exceptional Operating income after goodwill/exceptional * 200 769 Financial results (1,315) (1,846) Net income * (909) (1,046) * of which, pre-tax : - goodwill
Slide 11: EADS Statutory accounts: Profit & loss statement
EADS Statutory accounts : Profit & loss statement Statement of income (in millions of €) Dividends received 181 Interest income 26 Administrative and other expenses -69 Other operative income 40 Operating result 178 Goodwill amortization DASA/CASA -146 Net loss of participating interests -582 Net lo
Slide 12: Dividend payment from reserves (resolution n°3)
Dividend payment from reserves (resolution n°3) STATUTORY ACCOUNTS RESERVES* € 9.4 bn PROPOSED DIVIDEND € 404 m => € 0.5 per share paid on June, 27, 2001 * after deduction of the net loss 23 ÎShare EADS success with shareholders 1) EADS at first glance 2) Operating performance by activity 3) Financi
Slide 13: EADS key strategic goals and Q1 2001 key figures
EADS key strategic goals g AIRBUS : long-term market share of 50% g MILITARY TRANSPORT AIRCRAFT : enter a market with high replacement potential g AERONAUTICS : complete full industrial integration of fighter aircraft and build-up of NH90 and Tiger series production g SPACE : further consolidation a
Slide 14: Financial outlook and why to invest in EADS
Financial outlook Continuing strong order intake Revenues growth + 15%/20% in 2001, + 6/10% /year from 2001, assuming full consolidation of Airbus and depending on $/€ exchange rate 2001 EBIT* 15% up in spite of strong increase in R&D related mainly to A380 2004 EBIT* margin target raised to