Slide 1: Three-month results 2014 Analysts' conference call
Conference Call May 14, 2014, Bremen Three-month results 2014 Analysts’ conference call
Slide 2: Financial highlights 3M/2014
3M/2014 Financial highlights 3M/2014 Total revenues up 45 % to a level of EUR 207.9 million EBIT comes up to EUR 10.4 million (previous year: EUR 6.6 million) EBITDA increased to EUR 14.5 million (previous year: EUR 10.4 million) Net profit after minorities reaches EUR 6.0 million (previous year: EU
Slide 3: Business highlights (January - March)
3M/2014 Business highlights (January - March) OHB System signed study for the ESA mission Biomass, volume: EUR 1,5 million Delivery of the core module for the ExoMars Trace Gas Orbiter to Thales Alenia Space Andreas Lindenthal appointed to the Management Board Event for the handing over of the Trace
Slide 4: Recent business highlights - Galileo
3M/2014 Recent business highlights - Galileo First and Second Galileo FOC satellites arrived in Kourou, French Guyana The satellites left the ESA test center in Noordwijk after successfully passing the Flight Readiness Review Both satellites are now being prepared for launch (mechanical check, a fin
Slide 5: Capital increase of Aerotech Peissenberg, OHB's stake reduced
3M/2014 Recent business highlights – Capital increase of Aerotech Peissenberg, OHB’s stake reduced Decrease of shares with Aerotech Peissenberg (ATP): Through a capital increase closed on May 13 that was entirely subscribed by the former minority shareholder Apollo Capital Partners GmbH, OHB has bec
Slide 6: 3M/2014 results
3M/2014 3M/2014 results Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 208 144 126 14.5 12.6 10.4 10.4 8.9 6.6 3M/2012 3M/2013 3M/2014 3M/2012 3M/2013 3M/2014 3M/2012 3M/2013 3M/2014 +14% +44% -17% +39% -26% +58% OHB AG / Conference Call / May 14, 2014 Page 6
Slide 7: The Group in brief 3M/2014
3M/2014 The Group in brief 3M/2014 In EUR (000) 3M/2013 3M/2014 Δ Order backlog (March 31) 1,559 2,246 +44% Total revenues 143,625 207,860 +45% EBITDA 10,365 14,485 +40% EBIT 6,562 10,435 +59% EBT 5,231 8,754 +67% Net profit after minorities 3,362 6,038 +80% EPS (EUR) 0.19 0.35 +84% OHB AG / Confere
Slide 8: Cash Flow
3M/2014 Cash Flow In EUR (000) 3M/2013 3M/2014 Net inflow/outflow of funds from operating activities -3,054 4,686 Net outflow of funds due to investment activities -2,222 -4,761 Net outflow/inflow of funds for financing activities 7,188 -686 Change in liquid funds 1,912 -761 Others 48 -37 Liquid fun
Slide 9: Assets
3M/2014 Assets Assets / EUR (000) 12/31/2013 03/31/2014 Δ Non-current assets 157,723 162,019 +4,296 Property, plant and equipment 70,282 72,726 +2,444 Other financial assets 22,591 23,455 +0,864 Long-term securities 1,631 1,640 +0,009 Others 63,219 64,198 +0,979 Current Assets 427,684 456,143 +28,45
Slide 10: Shareholders' equity and liabilities
3M/2014 Shareholders‘ equity and liabilities In EUR (000) 12/31/2013 03/31/2014 Δ Equity 132,705 139,967 +7,262 Non-current liabilities and provisions 133,609 137,330 +3,721 Provisions for pensions 96,290 96,356 +0,066 Non-current advance payments 3,038 4,411 +1,373 Others 34,281 36,563 +2,282 Curre
Slide 11: 3M/2014 – Space Systems
3M/2014 3M/2014 – Space Systems Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 150.7 92.6 9.5 6.9 7.4 5.4 3M/2013 3M/2014 3M/2013 3M/2014 3M/2013 3M/2014 3M/2014: EBIT margin: 4.9% (previous year 5.9%) EBIT margin of own added value: 14.7% (previous year 12.3%) OHB AG / Confere
Slide 12: 3M/2014 – Aerospace + Industrial Products
3M/2014 3M/2014 – Aerospace + Industrial Products Total revenues EBITDA EBIT (EUR million) (EUR million) (EUR million) 58.3 52.9 5.1 3.4 3.1 1.1 3M/2013 3M/2014 3M/2013 3M/2014 3M/2013 3M/2014 3M/2014: EBIT margin: 5.3% (previous year 2.1%) EBIT margin of own added value: 5.8% (previous year 2.3%) O
Slide 13: Adjusted Guidance 2014 from February confirmed
3M/2014 Adjusted Guidance 2014* from February confirmed *ATP results consolidated until May 2014 / EBITDA and EBIT are not effected by the adjustment Total revenues Previous Adjusted EBITDA EBIT (EUR million) Guidance Guidance (EUR million) (EUR million) 700 >750 >700 633 555 >56 53 43 46 >39 36 31
Slide 14: Shareholders' structure As of May, 2014
APPENDIX Shareholders’ structure As of May, 2014 0.46% 29.82% 69.72% Fuchs Pool (12,178,720 shares) Free Float (5,208,880 shares) Treasury Stock (80,496 shares) OHB AG / Conference Call / May 14, 2014 Page 14
Slide 15: The stock at a glance
APPENDIX The stock at a glance The stock at a glance / EUR 3M/2013 3M/2014 High, Xetra 17.20 21.42 Low, Xetra 14.76 17.45 Closing price, Xetra 16.975 20.20 Average daily trading volumes (Xetra + floor) 13,006 20.460 Market capitalization, Xetra 297 million 353 million Number of shares 17,468,096 17,
Slide 16: Analysts' ratings
APPENDIX Analysts’ ratings Date Institute Price Target Recommendation March 2014 WGZ Bank EUR 24.00 Buy March 2014 DZ Bank EUR 23.00 Buy March 2014 HSBC Trinkaus & Burkhardt EUR 23.00 Neutral February 2014 Commerzbank EUR 22.00 Hold February 2014 Bankhaus Lampe EUR 26.00 Buy OHB AG / Conference Call
Slide 17: Financial calendar 2014
APPENDIX Financial calendar 2014 May 14, 2014 Three-month report / conference call July 2, 2014 Annual general meeting August 13, 2014 Half-year report / conference call November 12, 2014 Nine-month report / conference call November 24-26, 2014 Analyst presentation at Deutsches Eigenkapitalforum, Fr
Slide 18: Contact
C O N TA C T Contact CEO Marco R. Fuchs +49-421-2020-664 IR Martina Lilienthal +49-421-2020-720 ir@ohb.de +49-421-2020-613 ohb.de OHB AG / Conference Call / May 14, 2014 Page 18