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WELCOME TO THE ANNUAL PRESS CONFERENCE!
A N N U A L RESULTS
2014 27 FEBRUARY 2015
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
SIMULTANEOUS TRANSLATION 3
GERMAN
CHANNEL 03
SPANISH
CHANNEL 04
FRENCH
CHANNEL 02
ENGLISH
CHANNEL 01
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
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
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
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 €
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
9 Group
Highlights
Divisional
Highlights
Guidance
2015
AIRBUS
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
11 Group
Highlights
Divisional
Highlights
Guidance
2015
AIRBUS HELICOPTERS
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%
13 Group
Highlights
Divisional
Highlights
Guidance
2015
AIRBUS DEFENCE AND SPACE
© Eurofighter Typhoon
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%
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
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
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
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