Slide 1: Analyst Conference | Annual Report 2024
ANALYST CONFERENCE | ANNUAL REPORT 2024 MARCH 20, 2025 MARCO FUCHS, CEO KURT MELCHING, CFO DR. MARKUS MOELLER, CSO ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 BASIERT AUF: TM-2230-OHBG_02 1
Slide 2: Business Segment Overview
BUSINESS SEGMENT OVERVIEW OHB DIGITAL SOLUTIONS RENAMED OHB AUSTRIA AND MOVED TO SPACE SYSTEMS SEGMENT INCORPORATION OF OHB SPACE UK IN JANUARY 2025 ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 2
Slide 3: KKR's Investment in OHB Completed (I)
KKR’S INVESTMENT IN OHB COMPLETED (I) KKR •A OHB capital raise for 10 % of current share capital subscribed for by KKR at a subscription price of EUR 44 per share ▪ Capital injection of EUR 77 million into OHB ▪ Capital raise at same share price as public takeover offer Fuchs family ~ 70 % Free floa
Slide 4: KKR's Investment in OHB Completed (II)
KKR’S INVESTMENT IN OHB COMPLETED (II) Shareholder structure since completion ▪ 10 % capital increase at EUR 44 per share completed in December 2023 (Total issued capital – 19,214,905 shares) → Capital injection of EUR 77 million into OHB 5,503,295; ▪ Voluntary public takeover offer closed in Septem
Slide 5: Changes to the Supervisory Board
CHANGES TO THE SUPERVISORY BOARD ▪ After 22 years, company founder Christa Fuchs resigned from the Supervisory Board effective June 27, 2024 ▪ By recommendation of the Supervisory Board, Claire Wellby was appointed to the Supervisory Board effective November 7, 2024. − Member of KKR’s European priva
Slide 6: Transformation Program Under Way Throughout the Group
TRANSFORMATION PROGRAM UNDER WAY THROUGHOUT THE GROUP ▪ Program pursues three core objectives: Performance improvement − Improving operational efficiency ▪ Achieve full potential across the Group − Aligning all Group entities with the goals set for our business segments Execution − Implementing our
Slide 7: Multiple Launches Conducted in 2024
MULTIPLE LAUNCHES CONDUCTED IN 2024 ▪ April 28 and September 18: Galileo − Continuation of the constellation’s expansion after two years due to a shortage of launch capacity − Remaining six satellites to be launched in years 2025 and 2026 ▪ July 9: Ariane 6 − Successful first launch of Ariane 6 expe
Slide 8: Another Strong Year for the Earth Observation Domain
ANOTHER STRONG YEAR FOR THE EARTH OBSERVATION DOMAIN ▪ OHB Italia tasked with providing 12 additional satellites for IRIDE Earth observation constellation ▪ OHB System − Prime contractor for Harmony − Selected for the realization of the definition phases for the next generation of Sentinel-2 and Sen
Slide 9: Leveraging Our Heritage in the Space Safety and Navigation Domains
LEVERAGING OUR HERITAGE IN THE SPACE SAFETY AND NAVIGATION DOMAINS ▪ Selected for the implementation of Ramses − Space safety mission building on heritage of the Hera mission − Demonstrates OHB’s ability to execute on complex and challenging technical requirements within short timeframes − Contract
Slide 10: Rocket Factory Augsburg: First Launch Postponed to 2025
ROCKET FACTORY AUGSBURG: FIRST LAUNCH POSTPONED TO 2025 ▪ Became the first microlauncher company in Europe to successfully hot- fire a stage with multiple engines in 2024 ▪ Fire during hot-fire test of the first stage led to its loss − No significant damage to ground infrastructure; all other parts
Slide 11: OHB Digital in 2024
OHB DIGITAL IN 2024 STRONG ORDER INTAKE AND SUCCESSFUL NEW MARKET ENTRIES BACK OUR GROWTH STRATEGY Order intake of > EUR 170 Midstream Geospatial Security million ▪ Successful positioning in ▪ Successful entry in ESA ▪ Entry in EULYNX market with All-time-high order SATCOMBw3 Digital Twin Earth prog
Slide 12: Order Intake Target for 2024 Confirmed Delivered
ORDER INTAKE TARGET FOR 2024 CONFIRMED DELIVERED ~ EUR 1.7 BILLION DELIVERED FOR FY 2024 Plan was: 2023 EUR 1,479 million EUR 920 million 2024 Actual is: EUR 1,671 million Book-to-bill ratio > 1 Book-to-bill ratio ~ 1.6 ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 12
Slide 13: Development of Order Backlog
DEVELOPMENT OF ORDER BACKLOG IN EUR MILLION 2632 2300 2439 2399 2382 2100 2121 1840 1875 1749 1600 1700 1600 1200 1000 834 534 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 13
Slide 14: The Group in Brief
THE GROUP IN BRIEF FINANCIAL FIGURES IN EUR 000 2024 2023* Change in % Order backlog (December 31) 2,382,429 1,748,621 +36 Total revenues 1,030,182 1,182,845 -13 EBITDA 53,185 162,119 -67 Adjusted EBITDA 111,109 87,061 +28 EBIT 14,121 125,022 -89 Net profit after minorities -196 71,287 -100 EPS (EUR
Slide 15: Development of Financial Key Figures for the Group
DEVELOPMENT OF FINANCIAL KEY FIGURES FOR THE GROUP Total revenues Profitability in EUR million in % EBITDA EBIT 1183 1001 1030 13.7 901 917 10.6 9.9 8.5 9.1 6.3 4.6 5.1 5.2 1.4 2020 2021 2022 2023* 2024 2020 2021 2022 2023* 2024 * = Various effects (delayed order intake, inflation-related cost incre
Slide 16: Reconciliation of EBITDA to Adjusted EBITDA
RECONCILIATION OF EBITDA TO ADJUSTED EBITDA* IN EUR MILLION +28 % * = Further information is available in our annual report 2024 ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 16
Slide 17: Financial Outlook 2025 – 2027
FINANCIAL OUTLOOK 2025 – 2027 Total revenues Profitability in EUR million in % ~ 1500 EBITDA EBIT ~ 1400 ~ 1200 > 12 ~ 10 ~9 >9 ~7 ~6 2025 2026 2027 2025 2026 2027 ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 17
Slide 18: Path for Sustainable Growth with Annual Order Intake of Over EUR 2 Billion
OHB IS ON A PATH FOR SUSTAINABLE GROWTH WITH AN ANNUAL ORDER INTAKE OF OVER EUR 2 BILLION GROUP ORDER INTAKE*: GROWTH IN ALL DOMAINS EO: ESA / ESTEC, BAAINBw, DLR, ASI, TAS-I, Airbus DS, EU 2.8 2.3 1.7 SatCom: SpaceRISE, Airbus DS, ESA, TAS-I, DLR 1.2 0.9 0.7 Science: ASI, TAS-I, ESA / ESTEC 0.4 202
Slide 19: European and Sovereign Defense Initiatives
EUROPEAN AND SOVEREIGN DEFENSE INITIATIVES OHB IS WELL POSITIONED TO BUILD CRITICAL MISSION ENABLERS IN SPACE Further investment Ready for rapid scalability Established partner anticipated ▪ SPACE SYSTEMS: ▪ Strategic reconnaissance and signal ▪ 31 % of expected order intake for years Earth observat
Slide 20: Dr. Juliane Göke Succeeds Klaus Hofmann as New CHRO
DR. JULIANE GÖKE SUCCEEDS KLAUS HOFMANN AS NEW CHRO EXECUTIVE COMMITTEE AS OF APRIL, 2025 Chief Executive Officer M. Fuchs Chief Financial Chief Legal + ESG Chief Sales + Strategy Officer + Security Officer Officer K. Melching D. Schmidt Dr. M. Moeller Chief Chief M&A + Chief Human Chief Technology
Slide 21: All Eyes on the Next ESA Ministerial Conference
ALL EYES ON THE NEXT ESA MINISTERIAL CONFERENCE KEY EVENTS IN 2025 MTG-S launch LISA kick-off PLATO mating ESA Ministerial Conference HERA swing-by at Mars Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 21
Slide 22: Financial Calendar 2025
FINANCIAL CALENDAR 2025 March 20, 2025 Annual report 2024 / Analyst conference May 8, 2025 3-month report / Analyst conference May 27, 2025 Annual General Meeting August 7, 2025 6-month report / Analyst conference November 13, 2025 9-month report / Analyst conference ANALYST CONFERENCE – ANNUAL REPO
Slide 23: Q&A
Q&A ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 23
Slide 24: Thank You!
THANK YOU! OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany Phone: +49 421 2020 6426 Email: ir@ohb.de Web: www.ohb.de ANALYST CONFERENCE – ANNUAL REPORT 2024 // MARCH 20, 2025 24