Airbus Se · EURONEXT:AIR
Airbus — H1 2022 Earnings Presentation
9 slides from Airbus's earnings presentation, July 2022
Slide 1: H1 2022 Roadshow
H1 2022 Roadshow July / August 2022
Slide 2: Safe Harbour Statement
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-looking s
Slide 3: H1 2022 Financial Performance
H1 2022 Financial Performance 3 Revenues EBIT Adjusted in € bn in € bn / RoS (%) 11.0% 10.7% 24.6 24.8 2.7 2.6 H1 2021 H1 2022 H1 2021 H1 2022 EPS(1) Adjusted FCF before M&A and Customer Financing in € in € bn 2.37 2.40 2.1 2.0 H1 2021 H1 2022 H1 2021 H1 2022 (1) H1 2022 Average number of shares: 78
Slide 4: Profitability
H1 2022 Profitability 4 EBIT Performance H1 2022 EBIT Reported of € 2,579 m in € bn H1 2022 EBIT Adjustments resulting from: € + 226 m PDP mismatch / BS revaluation 2.7 2.7 € - 218 m A400M charge 2.6 2.6 € - 33 m Aerostructures transformation € - 7 m A380 programme € - 34 m Others EBIT
Slide 5: USD Exposure Coverage
USD Exposure Coverage 5 IN $ BILLION Forward Sales as of Jun. 2022 0.6 1.1 Euro Conversion as of Jun. 2022 1.9 Forward Sales as of Dec. 2021 9.3 Euro Conversion as of Dec. 2021 4.6 0.5 3.6 19.6 20.4 4.2 11.3 13.3 9.5 7.0 2.1 1.1 Average rates (€ vs. $) 2022 2023 2024 2025 2026 2027 2028 Remaining 6
Slide 6: Cash Evolution
H1 2022 Cash Evolution 6 IN € BILLION +0.3 -0.7 -0.0 +2.0 -1.2 -1.0 7.7 7.2 Free Cash Flow before M&A: € + 1.7 bn t/o Customer Financing € - 0.3 bn Free Cash Flow before M&A and Customer Financing: € + 2.0 bn Net Cash Position (1) Gross Cash Flow Change in Cash used for (2) M&A (3) Shareholder Retur
Slide 7: 2022 Guidance
2022 Guidance 7 As the basis for its 2022 guidance, the Company assumes: no further disruptions to the world economy, air traffic, the Company’s internal operations, and its ability to deliver products and services. The Company’s 2022 guidance is before M&A. On that basis, The Company now target
Slide 8: Key Priorities
Key Priorities 8 Deliver on our commercial aircraft ramp-up Continue the transformation of the Company Further strengthen the backlog across businesses Lead the development of sustainable aerospace Focus on earnings and cash growth trajectory beyond 2022
Slide 9: Glossary on Alternative Performance Measures (APM)
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 wi