The International Space Station is a technological marvel.Beginning with the Zarya power and propulsion module launched in 1998, through the installation of its latest solar array last year, the ISS took more than a quarter-century, 42 space launches, and $150 billion to build. 108.5 meters end-to-end, the ISS boasts 1,0005 cubic meters of pressurized volume on its inside, of which roughly 39% (388 cubic meters) are habitable.But science has come a long way since 1998. As the ISS approaches the end of its l ...

Investors interested in Aerospace - Defense stocks are likely familiar with Textron (TXT) and Airbus Group (EADSY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends ...

Investors interested in stocks from the Aerospace - Defense sector have probably already heard of Textron (TXT) and Airbus Group (EADSY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive e ...

| --- | --- | --- | |------------------|-------|-------| | | | | | 9m Results 2023 | | | | 8 November 2023 | | | | | | | Guillaume FAURY | Chief Executive Officer Thomas TOEPFER | Chief Financial Officer 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 statement ...

Airbus SE (OTCPK:EADSF) Q3 2023 Earnings Call November 8, 2023 1:30 PM ET Company Participants Helene Le Gorgeu - Investor Relations Guillaume Faury - Chief Executive Officer Thomas Toepfer - Chief Financial Officer Conference Call Participants Ben Heelan - Bank of America Milene Kerner - Barclays Victor Allard - Goldman Sachs Robert Stallard - Vertical Research Douglas Harned - Bernstein Tristan Sanson - BNP Paribas Phil Buller - Berenberg Ken Herbert - RBC Ian Douglas-Pennant - UBS Helene Le Gorgeu Good e ...

Financial Data and Key Metrics Changes - H1 2023 revenues increased to €27.7 billion, up 11% year-on-year, primarily due to higher commercial aircraft deliveries and contributions from the Helicopter division [19][20] - H1 2023 EBIT adjusted remained stable at €2.6 billion, reflecting higher deliveries and a favorable hedge rate, offset by investments for future preparations [19][20] - H1 2023 free cash flow before M&A and customer financing was €1.6 billion, with a net cash position of €9.1 billion and liquidity above €30 billion [21][28] Business Line Data and Key Metrics Changes - In H1 2023, 316 commercial aircraft were delivered, with 256 being A320 family aircraft, and the company is on track to reach a production rate of 75 aircraft per month by 2026 [9][30] - Helicopter deliveries increased to 145, up 30 from H1 2022, with revenues rising 16% year-on-year to €3.2 billion [34] - Defence and Space revenues decreased by 8% year-on-year, primarily due to delays in Space Systems and military systems delivery phasing [35] Market Data and Key Metrics Changes - Air traffic continued to grow in Q2 2023, with domestic traffic fully recovered and international traffic nearing pre-pandemic levels [10] - The airline industry is expected to return to profitability in 2023, driven by strong demand for fuel-efficient aircraft [10][11] Company Strategy and Development Direction - The company aims to ramp up production across all commercial aircraft programs while maintaining a focus on supply chain capabilities [38][39] - Digitalization and decarbonization are key priorities, with initiatives to enhance efficiency and develop future hydrogen-powered aircraft [40][43] - A significant internal reorganization is planned for the Defence and Space division to improve agility and customer focus [71] Management Comments on Operating Environment and Future Outlook - The geopolitical and macroeconomic environment remains volatile, impacting supply chain dynamics [6] - The company maintains its 2023 guidance of around 720 commercial aircraft deliveries, EBIT adjusted of around €6 billion, and free cash flow of around €3 billion [37] Other Important Information - The company is addressing issues related to Pratt & Whitney engines, with no expected impact on ongoing deliveries for 2023 [8][69] - A new Chief Financial Officer will join the company on September 1, 2023, following the interim CFO's contributions [45] Q&A Session Summary Question: Impact of geared turbofan issues on production rates - Management clarified that the removal of the rate 65 reference is unrelated to the GTF issues and confirmed a focus on ramping up to rate 75 [47][50] Question: A320 production progress and bottlenecks - Management confirmed that A320 production is on track and expressed confidence in meeting delivery targets [51] Question: Engine supplier negotiations for 2025 rates - Management indicated positive negotiations for 2025 rates but acknowledged the need to discuss potential indirect impacts from GTF quality issues [89]

| --- | --- | --- | --- | |------------------|-------|-------|-------| | | | | | | FY Results | | | | | 2022 | | | | | 16 February 2023 | | | | | | | | | Guillaume FAURY | Chief Executive Officer Dominik ASAM | Chief Financial Officer 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. Exampl ...

Financial Data and Key Metrics Changes - For the full year 2022, the company's revenues increased to €58.8 billion, up 13% year-on-year, primarily due to higher commercial aircraft deliveries and the appreciation of the U.S. dollar [17] - The adjusted EBIT for the year stood at €5.6 billion, an increase from €4.9 billion in the prior year, driven by increased deliveries and some non-recurring elements [17][19] - Free cash flow before M&A and customer financing reached a record €4.7 billion, supported by favorable working capital and foreign exchange impacts [18][24] - The net income for 2022 was €4.2 billion, with earnings per share reported at €5.40 [20] Business Line Data and Key Metrics Changes - In the commercial aircraft segment, 661 aircraft were delivered in 2022, representing an 8% increase compared to 2021, with a target of 720 deliveries for 2023 [7][27] - The helicopter division delivered 344 helicopters, a slight increase from 338 in 2021, with revenues rising 8% to €7 billion [30] - The Defense & Space segment saw an 11% increase in revenues, driven by higher military aircraft volumes, but faced challenges due to geopolitical tensions and inflation [31][14] Market Data and Key Metrics Changes - The company booked a total of 1,078 gross orders in 2022, with a net order of 820 aircraft, resulting in a backlog of 7,239 aircraft at year-end [11][12] - The commercial air traffic recovery was noted, with domestic and regional markets leading the way, and international traffic progressively closing the gap [10] Company Strategy and Development Direction - The company plans to ramp up A320 family production to a monthly rate of 75 by the middle of the decade, reflecting long-term demand visibility [6][34] - The focus remains on digitalization and decarbonization of processes, with significant investments in sustainable aviation fuel and hydrogen technologies [35][37] - The company aims to maintain a strong governance culture regarding ethics and compliance, particularly in light of recent geopolitical events [9][10] Management Comments on Operating Environment and Future Outlook - The management expressed confidence in future financial performance despite ongoing supply chain tensions and geopolitical risks [8][9] - The guidance for 2023 includes expectations for around 720 commercial aircraft deliveries, an adjusted EBIT of approximately €6 billion, and free cash flow of around €3 billion [33] Other Important Information - The company reported a net cash position of €9.4 billion at the end of 2022, exceeding its net pension deficit by €6.5 billion [25] - The backlog in value increased to €449 billion, reflecting a strong book-to-bill ratio above 1 [12] Q&A Session Summary Question: Free cash flow guidance and potential shareholder distributions - Management highlighted that the €3 billion free cash flow guidance for 2023 is slightly below market expectations due to headwinds and tailwinds from working capital adjustments [41][42] - Discussions regarding potential extra distributions to shareholders are expected to take place more in 2024 than in 2023 [43] Question: Confidence in revised ramp-up targets - Management acknowledged the challenges faced in 2022 but expressed confidence in the revised ramp-up plan based on current supply chain conditions [45][46] Question: Supply chain issues and delivery delays - The company is actively managing supply chain challenges, which have diversified beyond just engine delays, and is working closely with suppliers to mitigate risks [49][50] Question: Improvement path for Chinese assembly line and A321 capacity - Management confirmed that the Tianjin assembly line is transitioning to a flexible A320/A321 setup, with expected improvements in delivery timelines [53][54] Question: EBIT bridge from 2022 to 2023 - The management provided insights into the key moving parts affecting EBIT, including aircraft contributions and cost inflation, indicating a manageable impact from inflation [57][58] Question: Actions taken to address supply chain issues - The company is enhancing visibility and crisis management capabilities within the supply chain to better navigate ongoing challenges [62][63]

Airbus SE (OTCPK:EADSF) Q1 2022 Results Conference Call May 4, 2022 1:00 PM ET Company Participants Guillaume Faury - CEO Dominik Asam - CFO Hélène Le Gorgeu - Head, IR and Financial Conference Call Participants Ben Heelan - Bank of America David Perry - JP Morgan Tristan Sanson - Exane Olivia Charley - Goldman Sachs Christophe Menard - Deutsche Bank Douglas Harned - Bernstein Robert Stallard - Vertical Research Charles Armitage - Citi Harry Breach - Stifel Operator Ladies and gentlemen, thank you for stand ...

Q1 Results 2022 AIRBUS 04 May 2022 Guillaume FAURY | Chief Executive Officer Dominik ASAM | Chief Financial Officer 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 o ...