airbus group - presentation - apc 2015 - final - without speaker notes.pdf

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WELCOME TO THE ANNUAL PRESS CONFERENCE! ANNUAL RESULTS 2014 27 FEBRUARY 2015

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Page 1: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

WELCOME TO THE ANNUAL PRESS CONFERENCE!

A N N U A L RESULTS

2014 27 FEBRUARY 2015

Page 2: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

TOM ENDERS I Chief Executive Officer

HARALD WILHELM I Chief Financial Officer

MARWAN LAHOUD I Chief Strategy and Marketing Officer

A N N U A L RESULTS

2014 27 FEBRUARY 2015

Page 3: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

SIMULTANEOUS TRANSLATION 3

GERMAN

CHANNEL 03

SPANISH

CHANNEL 04

FRENCH

CHANNEL 02

ENGLISH

CHANNEL 01

Page 4: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

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 statements

include statements made about strategy, ramp-up and delivery schedules, introduction of new products and services and market expectations,

as well as statements regarding future performance and outlook. By their nature, forward-looking statements involve risk and uncertainty

because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ

materially from those expressed or implied by these forward-looking statements.

These factors include but are not limited to: ▪ Changes in general economic, political or market conditions, including the cyclical nature of some of Airbus Group’s businesses;

▪ Significant disruptions in air travel (including as a result of terrorist attacks);

▪ Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar;

▪ The successful execution of internal performance plans, including cost reduction and productivity efforts;

▪ Product performance risks, as well as programme development and management risks;

▪ Customer, supplier and subcontractor performance or contract negotiations, including financing issues;

▪ Competition and consolidation in the aerospace and defence industry;

▪ Significant collective bargaining labour disputes;

▪ The outcome of political and legal processes including the availability of government financing for certain programmes and the size of defence and space procurement budgets;

▪ Research and development costs in connection with new products;

▪ Legal, financial and governmental risks related to international transactions;

▪ Legal and investigatory proceedings and other economic, political and technological risks and uncertainties.

As a result, Airbus Group’s actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements. For a discussion of factors that could

cause future results to differ from such forward-looking statements, see Airbus Group “Registration Document” dated 4 April 2014.

Any forward-looking statement contained in this presentation speaks as of the date of this presentation. Airbus Group undertakes no obligation to publicly revise or update any forward-

looking statements in light of new information, future events or otherwise.

SAFE HARBOUR STATEMENT 4

Disclaimer

Page 5: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

2014 HIGHLIGHTS 5 Group

Highlights

Divisional

Highlights

Guidance

2015

FINANCIAL

PERFORMANCE

2014

Strong commercial momentum at Airbus

Strong operational performance

Execution of core strategy

OPERATIONAL

HIGHLIGHTS

2014

Revenues: +5%

Reported EBIT*: +54%

Earnings Per Share (EPS): +61%

Free Cash Flow (FCF): € 2.0 Bn

* Pre-goodwill impairment and exceptionals

Page 6: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

2014: STRONG COMMERCIAL ENVIRONMENT 6

Airbus Group Order Intake* by Segment (by value)

31%

23%

19%

13%

5% 9%

Commercial Aircraft: Record Order Backlog Ensuring 10 Years of Production

Airbus Group Order Book* by Region (by value)

90%

7%

€ 166 bn t/o Defence € 9 Billion

▪ Airbus

▪ Airbus Helicopters

▪ Airbus DS

€ 858 bn t/o Defence € 42 Billion

Group

Highlights

Divisional

Highlights

Guidance

2015

▪ Asia Pacific

▪ Europe

▪ North America

▪ Middle-East

▪ Latin America

▪ Other countries

3%

* Commercial Order Intake and Order Book based on list prices; ** Calculation based on backlog in units

Airbus Group Order Book Coverage (Number of Years)

10.2

1.9 3.3

Airbus** AirbusHelicopters

Airbus D&S

No of years

Airbus** Airbus

Helicopters Airbus DS

Page 7: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

1.4

- 0.8

1.1

FY'12 FY'13 FY'14

2.96

3.54

4.07

FY'12 FY'13 FY'14

5.2%

6.1% 6.7%

12 11 11

44 47 50

FY'12 FY'13 FY'14

56 58 61

2014: IMPROVED FINANCIAL PERFORMANCE 7

in €

***

FCF before M&A

Revenues EBIT* before one-off

EPS** before one-off

• t/o Defence

Group

Highlights

Divisional

Highlights

Guidance

2015

* Pre-goodwill impairment and exceptionals; ** FY 2014 average number of shares: 782,962,385 compared to 792,466,862 in FY 2013

2013 figures are pro forma, amended with IFRS 11 restatements. Capitalised R&D: € 225 m in FY 2014 and € 417 m in FY 2013

in €

bn

/ R

oS

(%

) in

€ b

n

in €

bn

2.21

2.81

3.36

FY'12 FY'13 FY'14

in €

Page 8: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

2014: PROFITABILITY UP 8

EBIT* Performance EPS Performance

Group

Highlights

Divisional

Highlights

Guidance

2015

EBIT* Before One-Off

in €

bn

4.07

3.54

FY 2013

FY 2014

4.04

2.62

EBIT* Reported EPS* Before one-off

3.36 2.81

2.99

1.86

EPS Reported

in €

54% 20%

61%

15%

* Pre-goodwill impairment and exceptionals; 2013 figures restated for IFRS 11 JV Accounting

Strong Improvement in Reported EBIT* and Earnings Per Share (EPS)

2014

Page 9: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

9 Group

Highlights

Divisional

Highlights

Guidance

2015

AIRBUS

Page 10: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

10

Record Deliveries, Backlog and Continued Strong Market Demand

2014

Order Intake (Value / Net)

Order Intake (Units / Net)

Order Book (Value)

Deliveries (Aircraft)

Revenues

R&D Expenses**

EBIT* Before one-off

% Revenues

EBIT*

% Revenues

IN € MILLIONS

150,085

1,456

803,633

629

42,280

2,667

2,529

6.0 %

2,671

6.3%

FY 2014

* Pre-goodwill impairment and exceptionals ** Capitalised R&D: € 116 m in FY 2014 and € 336 m in FY 2013; 2013 figures are pro forma, amended with IFRS 11 restatements and perimeter change

Deliveries by Programme (units):

External Revenue Split:

78%

17%

▪ A380

▪ Long Range

▪ Single Aisle

5%

96%

4%

▪ Services

▪ Platforms

Page 11: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

11 Group

Highlights

Divisional

Highlights

Guidance

2015

AIRBUS HELICOPTERS

Page 12: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

12

Revenue Growth and Significant Programme Achievements, Including 1st EC175 Delivery

2014

Order Intake (Value / Net)

Order Intake (Units / Net)

Order Book (Value)

Deliveries (Aircraft)

Revenues

R&D Expenses**

EBIT* Before one-off

% Revenues

EBIT*

% Revenues

IN € MILLIONS

5,469

369

12,227

471

6,524

325

413

6.3 %

413

6.3%

FY 2014

* Pre-goodwill impairment and exceptionals; ** Capitalised R&D: € 47 m in FY 2014 and € 36 m in FY 2013

External Revenue Split:

52%

48%

▪ Defence

▪ Civil

▪ Services

▪ Platforms

56%

44%

Page 13: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

13 Group

Highlights

Divisional

Highlights

Guidance

2015

AIRBUS DEFENCE AND SPACE

© Eurofighter Typhoon

Page 14: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

14

New Momentum in Space Business; Restructuring Programme On Track

2014

Order Intake (Value / Net)

Order Book (Value)

Revenues

R&D Expenses

EBIT* Before one-off

% Revenues

EBIT*

% Revenues

IN € MILLIONS

12,225

43,075

13,025

360

920

7.1 %

409

3.1%

FY 2014

* Pre-goodwill impairment and exceptionals; 2013 figures are pro forma, amended with IFRS 11 restatements and perimeter change

External Revenue Split:

40%

31%

11%

▪ CIS

▪ Electronics

▪ Military Aircraft

▪ Space Systems

69%

31%

▪ Services

▪ Platforms

18%

Page 15: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

GUIDANCE 2015 / DIVIDEND 15

AIRBUS ORDERS

AND DELIVERIES Airbus deliveries should be slightly higher than in 2014, and the commercial

aircraft order book is expected to grow.

Group

Highlights

Divisional

Highlights

Guidance

2015

REVENUES & EBIT

BEFORE ONE-OFF

In 2015, before M&A, Airbus Group expects an increase in revenues and

targets a slight increase in EBIT before one-off.

EPS AND DPS Airbus Group targets its Earnings Per Share (EPS) and Dividend Per Share

(DPS) to increase further in 2015.

FREE CASH FLOW Based on our current view of the industrial ramp-up, Airbus Group targets

breakeven Free Cash Flow in 2015 before M&A.

DIVIDEND Airbus Group proposes a dividend for 2014 of €1.20 per share, a growth of 60%

compared to 2013, and a payout ratio of 40% in line with the top end of the

Group’s stated dividend policy.

FY 2014 Average number of shares: 782,962,385. Number of shares as at 31 December 2014: 784,780,585

Page 16: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

TOM ENDERS I Chief Executive Officer

HARALD WILHELM I Chief Financial Officer

MARWAN LAHOUD I Chief Strategy and Marketing Officer

A N N U A L RESULTS

2014 27 FEBRUARY 2015

Page 17: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

SAY HELLO TO THE NEXT GENERATION X4 HELICOPTER

When: 3 March 2015 – (7-8 pm CET / 11-12 am EST)

Watch it live: http://youtu.be/kxddexejvp4

Follow us on #liftingemotions, #X4

Page 18: Airbus Group - Presentation - APC 2015 - Final - Without Speaker Notes.pdf

TOM ENDERS I Chief Executive Officer

HARALD WILHELM I Chief Financial Officer

MARWAN LAHOUD I Chief Strategy and Marketing Officer

A N N U A L RESULTS

2014 27 FEBRUARY 2015