ANNUAL

RESULTS

2014
27 FEBRUARY 2015

WELCOME TO THE ANNUAL PRESS CONFERENCE!

ANNUAL
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

SIMULTANEOUS TRANSLATION

CHANNEL 01

ENGLISH

CHANNEL 02

FRENCH

CHANNEL 03

GERMAN

CHANNEL 04

SPANISH

SAFE HARBOUR STATEMENT

Disclaimer
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 Groups 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
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.

procurement budgets;

As a result, Airbus Groups 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 forwardlooking statements in light of new information, future events or otherwise.

2014 HIGHLIGHTS

Group
Highlights

2014

Revenues: +5%
FINANCIAL
PERFORMANCE

Reported EBIT*: +54%

Earnings Per Share (EPS): +61%
Free Cash Flow (FCF): 2.0 Bn

2014

OPERATIONAL
HIGHLIGHTS

* Pre-goodwill impairment and exceptionals

Strong commercial momentum at Airbus

Strong operational performance
Execution of core strategy

Divisional
Highlights

Guidance
2015

2014: STRONG COMMERCIAL ENVIRONMENT

Airbus Group Order Intake* by Segment

Group
Highlights

Divisional
Highlights

Guidance
2015

Airbus Group Order Book Coverage

Airbus Group Order Book* by Region

(Number of Years)

(by value)

(by value)

3%
No of years

7%

5%

10.2

31%
13%

166bn

t/o Defence
9 Billion

3.3
1.9

Airbus
Airbus Helicopters
Airbus DS

90%

Airbus**
Airbus**

9%

Airbus
Helicopters

Airbus
AirbusD&S
DS

858bn
t/o Defence
42 Billion

Asia Pacific
Europe
North America
Middle-East
Latin America
Other countries

19%

Commercial Aircraft: Record Order Backlog Ensuring 10 Years of Production

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

23%

2014: IMPROVED FINANCIAL PERFORMANCE

Group
Highlights

Revenues

47

61

t/o Defence

50

12

11

11

FY'12

FY'13

FY'14

6.1%
4.07

5.2%

3.54
2.96

FY'12

EPS** before one-off

FY'13

FY'14

FCF before M&A

1.4

3.36

1.1

***

in

2.21

in bn

2.81

in

6.7%

in bn

44

58

Guidance
2015

EBIT* before one-off

in bn / RoS (%)

56

Divisional
Highlights

- 0.8
FY'12

FY'13

FY'14

* 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

FY'12

FY'13

FY'14

2014: PROFITABILITY UP

Group
Highlights

EBIT* Performance

FY 2014

54%

20%

4.04

3.54
2.62

in

in bn

4.07

Guidance
2015

EPS Performance
FY 2013

15%

Divisional
Highlights

61%

3.36

2.99

2.81

1.86

EBIT* Before One-Off

EBIT* Reported

EPS* Before one-off

EPS Reported

2014

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

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

Group
Highlights

AIRBUS

Divisional
Highlights

Guidance
2015

10

IN MILLIONS

FY 2014

Order Intake (Value / Net)

150,085

Order Intake (Units / Net)

1,456

Order Book (Value)

803,633

Deliveries (Aircraft)

629

Revenues

42,280

R&D Expenses**

2,667

EBIT* Before one-off

2,529

% Revenues

6.0 %

EBIT*

2,671

% Revenues

6.3%

Deliveries by
Programme (units):
17%

5%

78%
A380
Long Range
Single Aisle

External Revenue
Split:

4%

2014

Record Deliveries, Backlog and Continued Strong Market Demand

* 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

96%

Services
Platforms

Group
Highlights

AIRBUS HELICOPTERS

Divisional
Highlights

Guidance
2015

11

12

IN MILLIONS

FY 2014

Order Intake (Value / Net)

5,469

Order Intake (Units / Net)

369

Order Book (Value)

12,227

Deliveries (Aircraft)

471

Revenues

6,524

R&D Expenses**

325

EBIT* Before one-off

413

% Revenues

6.3 %

EBIT*

413

% Revenues

6.3%

External Revenue
Split:
48%

52%

Defence
Civil

44%

56%

Services
Platforms

2014

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

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

Group
Highlights

AIRBUS DEFENCE AND SPACE

Eurofighter Typhoon

Divisional
Highlights

Guidance
2015

13

14

IN MILLIONS

FY 2014

Order Intake (Value / Net)

12,225

Order Book (Value)

43,075

External Revenue
Split:
18%

11%

31%
40%

Revenues

13,025

R&D Expenses

360

EBIT* Before one-off

920

% Revenues

7.1 %

EBIT*

409

% Revenues

3.1%

CIS
Electronics
Military Aircraft
Space Systems

31%

69%

Services
Platforms

2014

New Momentum in Space Business; Restructuring Programme On Track

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

GUIDANCE 2015 / DIVIDEND

Group
Highlights

Divisional
Highlights

Guidance
2015

AIRBUS ORDERS
AND DELIVERIES

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

REVENUES & EBIT

BEFORE ONE-OFF

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

FREE CASH FLOW

DIVIDEND

EPS AND DPS

aircraft order book is expected to grow.

targets a slight increase in EBIT before one-off.

Based on our current view of the industrial ramp-up, Airbus Group targets
breakeven Free Cash Flow in 2015 before M&A.

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
Groups stated dividend policy.

Airbus Group targets its Earnings Per Share (EPS) and Dividend Per Share
(DPS) to increase further in 2015.

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

15

ANNUAL
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

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
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ANNUAL
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