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Airbus — H1 2015 Earnings Presentation

14 slides from Airbus's earnings presentation, August 2015

  1. Slide 1: H1 Results 2015 Roadshow Presentation

    1 H1 RESULTS 2015 ROADSHOW PRESENTATION

  2. Slide 2: H1 2015 Highlights

    2 H1 2015 HIGHLIGHTS H1 2015 Financial performance confirms 2015 Guidance  Revenues: € 29 bn, +5% vs. H1 2014  EBIT* before one off: € 1.9 bn, +6% vs. H1 2014  EBIT*: € 2.2 bn, +21% vs. H1 2014  EPS: € 1.94, +34% vs. H1 2014  FCF: € 0.5 bn, up € + 2.8 bn vs. H1 2014  Healthy commercial aircraf

  3. Slide 3: Positive Market Environment

    3 POSITIVE MARKET ENVIRONMENT Macroeconomic Environment Global Airline US $ Gas & Oil Geopolitics Economy Profitability Price $ August 2015 World real GDP and passenger traffic Passenger Traffic %8% (year-over-year) 8% +6.1% 6% 6% 4% 4% 2% 2% 0% 0% World real GDP -2% World passenger traffic (ASKs) -

  4. Slide 4: H1 2015 Commercial Environment

    4 H1 2015 COMMERCIAL ENVIRONMENT Airbus Group Airbus Group Order Intake* by Segment (by value) Order Book* by Region (by value) Airbus D&S Other countries 10% Latin America Airbus Helicopters 10% 4% 7% 29% Asia Pacific Middle-East € 54 bn 13% € 927 bn** t/o Defence: € 4 bn t/o Defence: € 39 bn Airbu

  5. Slide 5: Airbus Backlog and Deliveries

    5 AIRBUS BACKLOG AND DELIVERIES Backlog by Region* Deliveries vs. Backlog 6,430 aircraft in backlog Over 10 years production in backlog as of end June 2015 in units 6,386 4,682 Europe 10x North 3,715 3,552 & CIS America 15% Asia 10% Middle Pacific East 26% 2,533 629 626 7% 588 1,500 498 510 534 Afri

  6. Slide 6: Currency Hedge Policy

    6 CURRENCY HEDGE POLICY in US$ bn 25.5* • Forward Sales as of June 2015 • Forward Sales as of Dec. 2014 12.8 23.2 22.6 19.7 14.9 12.7 Average hedge rates 2015 2016 2017 2018 2019 and beyond 1.35 1.32 1.31 1.27 1.28 € vs $ ( 1.33 in Dec. 14 ) ( 1.35 in Dec. 14 ) ( 1.33 in Dec. 14 ) ( 1.32 in Dec. 14

  7. Slide 7: H1 2015 Financial Performance

    7 H1 2015 FINANCIAL PERFORMANCE Revenues EBIT* before one-off 6.7% 6.2% 4.07 61 62 58 3.57 in € bn / RoS (%) in € bn 6.5% 6.5% 6.3% 29 1.77 1.88 26 27 1.61 H1'13 FY'13 H1'14 FY'14 H1'15 FY'15 H1'13 FY'13 H1'14 FY'14 H1'15 FY'15 Guidance Guidance EPS** before one-off FCF before M&A 1.1 Breakeven 3.50

  8. Slide 8: H1 2015 Profitability

    8 H1 2015 PROFITABILITY EBIT* performance 2.23  H1 2015 EBIT* reported +21% 1.77 1.88 1.84  H1 2015 one-offs resulting from:  € - 290 m A400M provision  € - 145 m $ PDP mismatch / BS Revaluation  € + 748 m Sale of Dassault Aviation shares in € bn  € + 33 m Defence & Space Portfolio EBIT* befor

  9. Slide 9: H1 2015 Cash Evolution

    9 H1 2015 CASH EVOLUTION in € bn +2.0 +1.6 -2.1 -1.2 -1.0 Free Cash Flow* before M&A -1.0 9.1 8.4 Net Cash position Gross Cash Flow from Change in Working Cash used for M&A ** Dividends, Pensions & Net Cash position Dec. 2014 Operations Capital investing activities Others *** Jun. 2015 before M&A *

  10. Slide 10: Strong Product Portfolio

    10 STRONG PRODUCT PORTFOLIO  Product portfolio positioned to  Strong business model and new  Global leader in Space, Military capture growth products to drive our future Aircraft, Missiles and related A320 production rate increase to H160 Flight tests under way Systems & Services 50/month with ov

  11. Slide 11: Driving Competitiveness and Innovation

    11 DRIVING COMPETITIVENESS AND INNOVATION Airbus Boost competitiveness through operational efficiency and continuous improvement Helicopters Transformation on-track, addressing customer value proposition Restructuring and reshaping while implementing strategy to focus on D&S core Transversal initiat

  12. Slide 12: Guidance 2015

    12 GUIDANCE 2015  As the basis for its 2015 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions  Airbus deliveries should be slightly higher than in 2014, and the commercial aircraft order book is e

  13. Slide 13: Building Blocks of Airbus Group Shareholder Value

    13 BUILDING BLOCKS OF AIRBUS GROUP SHAREHOLDER VALUE ✓ 2014 EPS € 2.99 + 61% A350 Turning Profitable A320 Rates / NEO Premium ✓ 2014 Dividend Future Airbus R&D * € 1.20 +60% EPS FX upside > 2017 2.99 Lower A330 volume 1.86 Dassault / AD&S Divestments 1.46 2012 2013 2014 End of decade DPS: sustainabl

  14. Slide 14: Conclusion

    14 CONCLUSION  Financial performance on track to deliver 2015 guidance  Healthy commercial aircraft market confirmed  Operational progress delivering results  Long-term EPS/DPS growth story supported by near-term disposals and divestments

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