2013 1st half-year results - 25 July 2013
RAFALE
Deliveries of 5 RAFALE to the French Air Force and Navy, total deliveries reaching 120.
SERVAL operation in MALI.
Contractual negociations with the Government of India.
Pursuit of export prospecting.
2 PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
nEUROn
Validation of stealthness performances in DGA center.
Exhibition of nEUROn at the Paris Air Show.
Pursuing test campaign in France, then in Sweden and in Italy (flight envelop, covertness measure, weapon firing).
3 PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
Drones projects
MALE (Medium Altitude Longue Endurance)
Paris Air Show: common declaration of intent with EADS-CASSIDIAN and ALENIA-AERMACCHI. Development of a proposal which can draw our Governments attention.
FCAS (Future Combat Air System)
DASSAULT AVIATION and BAE SYSTEMS are pursuing the study of an armed Combat air System drone demonstrator.
4 PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
Falcon 2000S Certification : March (EASA) and April (FAA) 2013 1st delivery : April 2013
Falcon 2000LXS Certification : March (EASA) et April (FAA) 2013
Falcon 7X EASy II cockpit certification : March 2013
FALCON
5 PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
Falcon 900LX Range : 4,750 NM
Falcon 7X Range : 5,950 NM
Falcon 2000S Range : 3,350 NM
Falcon 2000LXS Range : 4,000 NM
FALCON
6 PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Order intake - Group in units
7
FALCON 36
58
2011 2012 22
25 27
2011 1st half-year 2012 1st half-year 2013 1st half-year
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
YEAR
8
0.80 1.05
1.24
0.06
0.08
0.08
0.09
0.29 0.09
€0.95bn
€1.42bn €1.41bn Défense France Défense Export Falcon
74% 6%
20%
88%
6% 6%
84%
6% 10%
1st half-year results
Order intake - Group
2011 1st half-year 2012 1st half-year 2013 1st half-year
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Deliveries - Group in units
9
FALCON RAFALE
YEAR 63 66
11 11
2011 2012
19
34 29
6 4 5
2011 1st half-year 2012 1st half-year 2013 1st half-year
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
10
0.84
1.44 1.33
0.10
0.09 0.09
0.38
0.40 0.41
€1.32bn
€1.93bn €1.83bn Défense France Défense Export Falcon
64% 7%
29%
73% 5%
22%
74% 5%
21%
1st half-year results
Sales - Group
2011 1st half-year 2012 1st half-year 2013 1st half-year
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Export
11
Order intake Sales
74%
26%
France Export
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
48%
11%
41%
1st half –year results
Consolidated backlog
12
As of 30 June 2013 : €7.52bn (from €7.99bn as of 31 December 2012)
Falcon
Defense France
Defense Export PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Income statement disclosure
13
In order to enable a better monitoring and benchmarking of its economic performance, DASSAULT AVIATION establishes since 2012, an adjusted income statement.
The Group consolidated income statement is adjusted with :
• neutralizing amortization of THALES purchase price allocation (PPA),
• neutralizing change in fair value of derivative exchange instruments not eligible to hedge accounting.
From now on, DASSAULT AVIATION communicates on an adjusted net income basis.
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Group income statement
14
in EUR million 2012 1st half-year*
20131st half-year
Net Sales 1 929 1 826
Operating income 244 187operating margin 12,7% 10,3%
Adjusted financial income/expense 1 2
Adjusted corporate income tax -81 -67
Adjusted net income (excluding THALES) 164 122Adjusted net margin (excluding THALES) 8,5% 6,7%
Share of income/loss of THALES 41 43
Adjusted net income 205 165Adjusted net margin 10,6% 9,0%
Note : IFRS net income 187 135
(*) after IAS 19 revised restatements
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Consolidated balance sheet
15
in EUR million 12.31.2012* 06.30.2013
Non-current assets 5 601 5 450Inventories and work-in-progress 2 917 3 155Trade and other receivables 490 580Advances and progress payments to suppliers 185 189Hedging instruments 248 194Cash and cash equivalents 950 930
Total Assets 10 391 10 498
Total equity 4 747 4 792Non-current liabilities 264 244Trade and other payables 768 801Tax and employee-related liabilities 243 255Customer advances and progress payments 3 043 3 060Other current liabillities 1 326 1 346
Total Equity and liabilities 10 391 10 498(*) after IAS 19 revised restatements
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
1st half-year results
Consolidated available cash
16
€3.7bn €3.8bn€3.6bn
06.30.2012 12.31.2012 06.30.2013
Available cash = cash and cash equivalents (at market value) + available for sale marketable securities (at market value) - borrowings
PRESS RELEASE - 25 JULY 2013 - 2013 1st half-year results. Dassault Aviation Proprietary Data.
2013 1st half-year results - 25 July 2013