Slide 1: Q1 2024 order intake and sales
Q1 2024 order intake and sales th 30 April 2024 www.thalesgroup.com
Slide 2: Q1 2024 highlights
Q1 2024 highlights Strong Defense & Security Cobham Aerospace Thales Media Day "AI" commercial activity Communications 4 orders > €100m in Q1 2024, including 2 Acquisition of Cobham Aerospace Introduction of cortAIx, the AI accelerator contracts > €500m, for a total of €1.6bn Communications complete
Slide 3: Q1 2024 Key figures
Q1 2024 Key figures Change €m Q1 2024 Q1 2023 total organic Order Intake 5,037 3,422 +47% +46% Sales 4,421 4,026 +9.8% +7.9% Strong Q1 order intake and sales, aligned with full year guidance Q1 2024 3
Slide 4: Q1 2024 order intake
Q1 2024 order intake Order intake by contract unit value > Strong commercial activity driven by Defense & Security €m Organic growth: +46% (a) > 4 large orders booked in Q1 2024 for €1.6bn (vs. €0.4bn in Q1 2023) 5,037 Í Rafale Indonesia, tranche 3 (including support) Í Major air surveillance contra
Slide 5: Q1 2024 sales growth
Q1 2024 sales growth Q1 sales growth drivers > Scope and currency impact Í Main scope impact resulting from: €m > acquisitions of Imperva and Tesserent (DIS): +€131m Reported growth: +9.8% > divestment of Aeronautical Electrical Systems business (Aero): -€32m +313 4,421 Í Minimal currency impact +99
Slide 6: Aerospace: Q1 2024 key figures
Aerospace: Q1 2024 key figures Change €m Q1 2024 Q1 2023 total organic Order intake 1,003 1,199 -16% -13% Sales 1,182 1,156 +2.3% +5.1% > Order intake: on-going strong aeronautics demand; Space facing high comps Í Aeronautics' orders up double-digit organically Í Space down vs. high comps (2 large c
Slide 7: Defense & Security: Q1 2024 key figures
Defense & Security: Q1 2024 key figures Change €m Q1 2024 Q1 2023 total organic Order intake 3,122 1,371 +128% +127% Sales 2,305 2,037 +13.1% +13.4% > Order intake boosted by 4 large orders (vs. 1 in Q1 23) Í Total large orders amounted €1.6bn in Q1 2024 vs. €0.2bn in Q1 2023 Í Orders between €10m a
Slide 8: Digital Identity & Security (DIS): Q1 2024 key figures
Digital Identity & Security (DIS): Q1 2024 key figures Change €m Q1 2024 Q1 2023 total organic Order intake 903 846 +7% -7% Sales 916 818 +12.0% -2.5% > Q1 2023 Order Intake and Sales restated to include the cyber civil activities transferred from Defence & Security > Soft quarter as expected vs. ve
Slide 9: Reminder: 2024 financial objectives
Reminder: 2024 financial objectives Order intake Book-to-bill above 1 (a) Sales +4% to +6% organic growth (b) corresponding to €19.7bn to €20.1bn (b) (a) EBIT margin 11.7% to 12.0% (a) Based on February 2024 foreign exchange rates. Assuming no new major disruptions of the health situation, of the ec
Slide 10: APPENDIX
APPENDIX www.thalesgroup.com
Slide 11: Upcoming events
Upcoming events th Annual General Meeting 15 May 2024 (a) st Ex-dividend date 21 May 2024 (a) rd Dividend payment 23 May 2024 rd H1 2024 Sales 23 July 2024 (before market opening) rd Q3 and 9m 2024 Sales 23 October 2024 (before market opening) th Capital Markets Day in Paris 14 November 2024 th (a)
Slide 12: Organic sales growth per quarter
Organic sales growth per quarter 2020 2021 2022 2023 2024 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 +34% +10% +10% +13% +14% +4% +2% +4% +2% 0% +3% +5% Aerospace -9% -26% +12% +17% +10% +13% +9% +8% +5% +5% +8% Defence +2% +1% +1% & Security -1% -5% +22% +20% Digital +3% +11% +12% +14% +12% +5% 0% I
Slide 13: Q1 2024 order intake by destination
Q1 2024 order intake by destination Breakdown Q1 Q1 Change €m 2024 2023 total organic 5,037 m€ France 1,010 786 +28% +33% 4% United Kingdom 314 393 -20% -23% Rest of the world Rest of Europe 928 995 -7% -7% 15% Middle East 20% Europe 2,252 2,175 +4% +4% France North America 457 487 -6% -17% 6% Unite
Slide 14: Q1 2024 sales by destination
Q1 2024 sales by destination Breakdown Q1 Q1 Change €m 2024 2023 total organic 4,421 m€ France 1,439 1,262 +14.0% +15.5% 5% Rest of the world United Kingdom 290 255 +13.7% +9.0% 6% Middle East Rest of Europe 1,013 944 +7.3% +6.8% 10% Europe 2,742 2,461 +11.4% +11.5% Asia 33% France North America 566
Slide 15: Q1 2024 order intake by operating segment
Q1 2024 order intake by operating segment Q1 Q1 Change €m 2024 2023 total organic Aerospace 1,003 1,199 -16% -13% Defense & Security 3,122 1,371 +128% +127% Digital Identity & Security 903 846 +7% -7% Other 10 6 Total 5,037 3,422 +47% +46% Q1 2024 15
Slide 16: Q1 2024 sales by operating segment
Q1 2024 sales by operating segment Q1 Q1 Change €m 2024 2023 total organic Aerospace 1,182 1,156 +2.3% +5.1% Defense & Security 2,305 2,037 +13.1% +13.4% Digital Identity & Security 916 818 +12.0% -2.5% Other 18 15 Total 4,421 4,026 +9.8% +7.9% Q1 2024 16
Slide 17: Transport: Q1 2024 key figures
Transport: Q1 2024 key figures Change €m Q1 2024 Q1 2023 total organic Order intake 637 503 +27% +27% Sales 430 385 +11.4% +11.0% > Order intake organically up 27% > Sales up organically by 11% Q1 2024 17
Slide 18: Definition of non-GAAP measures and other remarks
Definition of non-GAAP measures and other remarks > Rounding of amounts in euros Í EBIT: income from operations; plus the share of net income or loss of equity affiliates less: amortization of acquired assets (PPA), expenses recorded in In the context of this presentation, the amounts expressed in m
Slide 19: Thales, 4 rue de la Verrerie, 92190 Meudon
Thales 4 rue de la Verrerie 92190 Meudon France ir@thalesgroup.com This presentation contains certain forward-looking statements. Although Thales believes that its expectations are based on reasonable assumptions, actual results may differ significantly from these forward- looking statements due to