FY Results 2021 AIRBUS 17 February 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, introduct ...

Airbus SE (OTCPK:EADSF) Q3 2021 Earnings Conference Call October 28, 2021 2:15 AM ET Company Participants Hélène Le Gorgeu - IR Guillaume Faury - CEO Dominik Asam - CFO Conference Call Participants Tristan Sanson - Exane BNP Paribas Celine Fornaro - UBS Christophe Menard - Deutsche Bank David Perry - JPMorgan Ben Heelan - Bank of America Robert Stallard - Vertical Research Doug Harned - Bernstein Andrew Humphrey - Morgan Stanley Hélène Le Gorgeu Thank you, Christine. Good morning, ladies and gentlemen. This ...

Financial Performance - Airbus reported revenues of €35.2 billion for 9m 2021, compared to €30.2 billion in 9m 2020[13, 16] - The company's EBIT Adjusted was €3.4 billion with a Return on Sales (RoS) of 9.6% in 9m 2021, a significant increase from €-0.1 billion and -0.4% in 9m 2020 respectively[20] - Airbus's EPS Adjusted increased significantly from €-0.32 in 9m 2020 to €2.95 in 9m 2021[18] - Free Cash Flow (FCF) before M&A and Customer Financing was €2.3 billion in 9m 2021, a substantial improvement compared to €-8.2 billion in 9m 2020, which included a €3.6 billion penalty payment[21, 23] Order and Deliveries - Airbus delivered 424 commercial aircraft in 9m 2021[10] - The company's net order intake for Airbus commercial aircraft was 133 units in 9m 2021, a decrease of 55.7% compared to 300 units in 9m 2020[11] - Defence and Space order intake was €10.1 billion in 9m 2021, a 23.4% increase compared to €8.2 billion in 9m 2020[11] - Helicopters' net order intake was 185 units in 9m 2021, a 29.4% increase compared to 143 units in 9m 2020[11] 2021 Guidance - Airbus updated its 2021 guidance, targeting around 600 commercial aircraft deliveries[54] - The company expects an EBIT Adjusted of €4.5 billion in 2021[54] - Airbus anticipates a Free Cash Flow before M&A and Customer Financing of €2.5 billion in 2021[54]

Airbus SE (OTCPK:EADSF) Q1 2021 Earnings Conference Call April 29, 2021 8:00 AM ET Company Participants Thorsten Fischer - IR Guillaume Faury - CEO Dominik Asam - CFO Conference Call Participants Madame Celine Fornaro - UBS Tristan Sanson - Exane BNP Paribas Benjamin Heelan - of Bank of America Chris Hallam - Goldman Sachs Christophe Menard - Deutsche Bank Charles Armitage - Citi Olivier Brochet - Crédit Suisse Andrew Humphrey - Morgan Stanley Thorsten Fischer Good morning, ladies and gentlemen. This is the ...

AIRBUS Q1 Results 2021 29 April 2021 Guillaume FAURY | Chief Executive Officer Dominik ASAM | Chief Financial Officer AIRBUS 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, intro ...

Financial Data and Key Metrics Changes - Full year 2020 revenues decreased to approximately €50 billion, down 29% year-on-year, driven by a challenging market environment impacting commercial aircraft deliveries, which were about 34% fewer year-on-year [30][31] - Full year 2020 EBIT adjusted was €1.7 billion, reflecting lower deliveries and idle costs, including €1.1 billion of COVID-19 related charges [10][32] - Free cash flow before M&A and customer financing was negative €6.9 billion, with a positive €4.9 billion in Q4, indicating a significant recovery in cash flow performance [11][33] - Reported EPS was negative €1.45, and no dividend was proposed for 2020 to strengthen financial resilience [13][58] Business Line Data and Key Metrics Changes - In commercial aircraft, 566 aircraft were delivered in 2020, a decrease of nearly 300 aircraft year-on-year, with 225 delivered in Q4 alone [9][47] - Airbus Helicopters saw a revenue increase of 4.1% in 2020, with EBIT adjusted rising around 12% year-on-year to €471 million, reflecting strong governmental activities [52] - Defence and Space order intake increased to €11.9 billion, representing a book-to-bill ratio above 1, driven by major contract wins in Military Aircraft [26] Market Data and Key Metrics Changes - Global passenger air traffic declined by 66% in 2020 compared to 2019, with international traffic remaining weak throughout the year [18][20] - The company expects market recovery between 2023 and 2025, with domestic and regional markets recovering first, while international traffic will likely take longer to return to pre-COVID levels [20] Company Strategy and Development Direction - The company aims to maintain a strong liquidity position while navigating the crisis and preparing for growth once the situation improves [45] - Focus for 2021 includes delivering aircraft based on customer agreements, finalizing restructuring plans, and preparing for a potential ramp-up in production [61][62] - The ambition is to lead the development of a sustainable global aerospace sector, with investments in decarbonized technologies [64] Management Comments on Operating Environment and Future Outlook - Management acknowledged that the crisis is not over and will likely continue throughout 2021, with uncertainties due to new virus variants and travel restrictions [14][19] - The guidance for 2021 includes at least flat deliveries compared to 2020, an EBIT adjusted target of €2 billion, and breakeven free cash flow before M&A and customer financing [57] Other Important Information - The backlog in units remains above 7,000 planes, with a backlog in value decreasing to €373 billion in 2020, indicating resilience despite the crisis [23] - The company has taken various measures to maintain liquidity, including securing credit facilities and issuing debt securities [43][44] Q&A Session Summary Question: Guidance on deliveries and inventory - The company provided guidance for at least flat deliveries, indicating that production schedules do not contradict this guidance, despite uncertainties in the market [68][72] Question: EBIT guidance and underlying factors - Management explained that the EBIT guidance reflects a conservative approach due to various cost factors and the need for sustainable cost adaptations [69][74] Question: Cash movement and prepayment assumptions - The complexity of cash flow was highlighted, with significant headwinds expected from deferred aircraft deliveries impacting prepayment inflows [78][79] Question: Restructuring progress and employment reductions - The restructuring plan aims to reduce approximately 15,000 positions, with 3,600 already completed, and the remaining reductions expected to phase in gradually [83][84] Question: Customer financing outlook - Management indicated that customer financing levels are low but may not remain so, with expectations for some usage of cash in the coming years [110]

Airbus SE (OTCPK:EADSF) Q3 2020 Earnings Conference Call October 29, 2020 3:15 AM ET Company Participants Thorsten Fischer - Head of Investor Relation Guillaume Faury - Chief Executive Officer Dominik Asam - Chief Financial Officer Conference Call Participants Ben Heelan - Bank of America Celine Fornaro - UBS Charles Armitage - Citi Tristan Sanson - Exane Olivier Brochet - Crédit Suisse Jeremy Bragg - Redburn Robert Stallard - Vertical Research Thorsten Fischer Thank you, Aurelia. Good morning, ladies and g ...

| --- | --- | --- | |-------|-----------------------------------|-----------------------------------------------------| | | | | | | 29 October 2020 | | | | Guillaume FAURY Dominik ASAM \| | \| Chief Executive Officer Chief Financial Officer | | | | | AIRBUS 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-loo ...

Financial Performance - H1 2020 revenues decreased to €18.9 billion from €30.9 billion in H1 2019[16], a decrease of 38.8%. - H1 2020 EBIT Adjusted was €-0.9 billion, a significant decrease from €2.5 billion in H1 2019[20], including €-0.9 billion COVID-19 related charges[9]. - H1 2020 EPS Adjusted was €-1.01, compared to €2.25 in H1 2019[18]. - Free Cash Flow (FCF) before M&A and Customer Financing was €-12.4 billion in H1 2020, compared to €-4.0 billion in H1 2019[9, 22]. Order Intake and Deliveries - Airbus order intake (net) increased by 239% from 88 units in H1 2019 to 298 units in H1 2020[11, 42]. - Airbus deliveries decreased by 49.6% from 389 units in H1 2019 to 196 units in H1 2020[42]. - Defence and Space order intake (net) increased by 32.4% from €4.22 billion in H1 2019 to €5.588 billion in H1 2020[11]. - Helicopters order intake (net) decreased by 39.0% from 123 units in H1 2019 to 75 units in H1 2020[11, 48]. Liquidity and Hedging - Total Gross Cash was €17.5 billion as of June 30, 2020[39]. - The hedge portfolio as of June 30, 2020, was $87.8 billion at an average rate of $1.23[32]. - In H1 2020, $2.4 billion of new forwards were added, and $9.9 billion of hedges matured at an average rate of €1 = $1.18[32].

Financial Data and Key Metrics Changes - Q1 2020 revenues were EUR10.6 billion, down 15% compared to Q1 2019, reflecting a difficult market environment impacting the commercial aircraft business [17] - EBIT adjusted was EUR281 million for the quarter, significantly down year-on-year, mainly driven by lower deliveries and associated costs [17] - Free cash flow before M&A and customer financing was minus EUR8 billion, including EUR3.6 billion in penalties [18] - Net income was minus EUR481 million, with a loss per share of EUR0.61 [19] Business Line Data and Key Metrics Changes - Commercial aircraft delivered 122 aircraft in Q1 2020, a decrease of 40 aircraft year-on-year, with 60 aircraft undelivered at the end of Q1 [27][29] - Helicopters booked 54 net orders in Q1 2020, down from 66 in Q1 2019, with expectations of a soft civil and parapublic market [13] - Defense and Space booked orders of up to EUR1.7 billion, with ongoing discussions on contracts [14] Market Data and Key Metrics Changes - Passenger capacity in China declined by 85% at the peak of the crisis in mid-February, recovering to a decline of 60% in April [11] - The commercial aircraft environment saw 356 gross orders in Q1, with net orders at 290 aircraft and a backlog of 7650 aircraft [12] Company Strategy and Development Direction - The company is implementing a short-term cash containment plan and addressing longer-term cost structure to right-size the business [9][32] - Focus on maintaining a strong competitive position in the single-aisle market, particularly with the A320 family [31] - The company is adapting production rates down by roughly one-third to align with new market demands [28] Management's Comments on Operating Environment and Future Outlook - Management has withdrawn the 2020 guidance due to uncertainties related to COVID-19 and its impact on the business [10] - There is a belief that the aviation industry will recover, with a focus on cash preservation and reducing cash outflows [24][32] - The company is monitoring the financial health of airlines and suppliers closely [32] Other Important Information - The company secured a new credit line amounting to EUR15 billion and issued a EUR2.5 billion bond to bolster liquidity [23][24] - The total hedging portfolio in US dollars stands at $95 billion, with adjustments made to reflect the current situation [20] Q&A Session All Questions and Answers Question: Supply chain risks and undelivered aircraft - Management indicated that risks are present across the supply chain, particularly for suppliers already in a weak position before the crisis [38] - Deliveries in Q2 are expected to remain low, with a potential peak in undelivered aircraft anticipated in Q3 [40] Question: Impact of delivery pullback on EBIT and negotiations with airlines - Guidance has been withdrawn due to uncertainties, with a mid-teens type of fall through expected from each missed delivery [45][46] - Negotiations with airlines are ongoing, with a diverse range of situations being managed [47] Question: Non-current PDPs and strategic threats - Management is navigating contractual rights with airlines while maintaining a collaborative approach [53] - The biggest strategic threat is the ability to adapt and ensure cash flow stability during the crisis [53] Question: Phasing of deliveries and cost structure adaptation - The company has withdrawn its delivery guidance for the year due to the dynamic situation [57] - Cost structure adaptations are being assessed based on evolving market conditions [57] Question: Temporary workforce and ECA financing - The company plans to utilize government support mechanisms to resize the workforce quickly [61] - ECAs are being engaged more intensively to support financing needs [61][62]