Slides
Page 1
21 July 2026
Page 2
Jean-Christophe Henoux Head of Investor Relations and Financial Communication WELCOME
Page 3
Safe Harbour Statement DISCLAIMER This presentation includes forward-looking statements. Words such as “anticipatesˮ, “believesˮ, “estimatesˮ, “expectsˮ, “intendsˮ, “plansˮ, “targetsˮ, “projectsˮ, “mayˮ and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements made about strategy, production ramp-up and delivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance, prospects 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 the Company's businesses; ●Significant disruptions in air travel (including as a result of the spread of disease or terrorist attacks); ●Disruptions to the Company's industrial operations and / or supply chain, whether due to economic or geopolitical factors or other threats (including physical or cyber security threats); ●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 or affecting global trade (e.g. tariffs); ●Legal and investigatory proceedings and other economic, political and technological risks and uncertainties; ●Changes in societal expectations and regulatory requirements about climate change; and ●Adverse geopolitical events, armed conflicts and increased military tensions around the world. As a result, Airbus SEʼs actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements. For more information about the impact of the Macroeconomic Environment, see Note 3 “Geopolitical and Macroeconomic Environment" of the Notes to the Airbus SE Unaudited Condensed Interim IFRS Consolidated Financial Statements for the three-month period ended 31 March 2026 published 28 April 2026 (the “Financial Statementsˮ). For more information about factors that could cause future results to differ from such forward-looking statements, please refer to Airbus SEʼs most recent Report of the Board of Directors published on 19 February 2026 (including the most recent Risk Factors), the Financial Statements and the Notes thereto. Any forward-looking statement contained in this presentation speaks as of the date of this presentation. Airbus SE undertakes no obligation to publicly revise or update any forward-looking statement in light of new information, future events or otherwise. This presentation is prepared in accordance with legacy standards (primarily IAS 1) and IFRS 18 has not been early-adopted. Rounding disclaimer: Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 3
Page 4
17:30 Welcoming 17:35 Set the scene 17:50 Financial perspective 18:05 Commercial aircraft 18:20 Airbus Defence and Space 18:35 Airbus Helicopters 18:50 Closing remarks 19:00 Q&A 19:30 End 17:30 Welcome 17:35 Introduction 17:50 Financial perspective 18:05 Commercial Aircraft 18:20 Airbus Defence and Space
Page 5
Guillaume Faury Chief Executive Officer INTRODUCTION
Page 6
We are committed to delivering sustained value and returns to shareholders EBIT Adjusted 2029 target Cash conversion ratio Share buyback* programme over 3 years €12bn to €13bn 1 €5bn * SBB can be suspended, modified or discontinued at any time at the Board discretion. Continued execution remains subject to continued shareholder authorisation.6 Resilient business providing visibility Operational capacity ready to unlock value Leveraging defence momentum Strong team focused on execution
Page 7
Thomas Toepfer Chief Financial Officer FINANCIAL PERSPECTIVE
Page 8
Building towards our mid-term target Commercial aircraft deliveries EBIT Adjusted FCF before Customer Financing 2025 793 870 2026 2025 €7.1bn €7.5bn 2026 2025 €4.6bn €4.5bn 2026 2026 Guidance unchanged A solid baseline to drive future growth Charts for illustrative purpose - not to scale8
Page 9
2029 profitability acceleration 2025 EBIT Adj. 2029 EBIT Adj. target €7.1bn Airbus €10bn Airbus Defence and Space €1.3bn Airbus Helicopters €1.2bn Main assumptions: ● No further disruptions to the global economy, air traffic, supply chains, or internal operations. ● Stable trade regulations and tariffs, consistent with current baselines. ● Exclusion of any potential M&A impacts. ● 2029 €/$ exchange rate of 1.22 (where a 1-cent deviation impacts EBIT by +/- €250m). €12bn to €13bn A320 Family Widebody, A220 and Services Airbus Defence and Space Airbus Helicopters FX Investments in the future Chart for illustrative purpose - not to scale9
Page 10
Continuing to target a cash conversion of 1 while increasing nominal Free Cash Flow Expanding profitability Working capital management CapEx to increase moderately 20262029 FCF before Customer Financing reflecting: Net Income €17.5bn €18.4bn FCF before CF 2022 2025 2026 2029 Net Income FCF before CF Successfully translating earnings to cash Charts for illustrative purpose - not to scale10
Page 11
Accelerating cash returns to shareholders 20222025 €7.2bn 20262029 Ordinary dividend Share buyback Special dividend Expecting to return 60% of FCF generation to shareholders through both dividend payments and share buyback. €5bn share buyback programme 30% to 50% dividend payout ratio Chart for illustrative purpose - not to scale * SBB can be suspended, modified or discontinued at any time at the Board discretion. Continued execution remains subject to continued shareholder authorisation.11 €5bn share buyback* approved by the Board of Directors. To be executed over 3 years.
Page 12
€5bn €12bn to €13bn 1 Delivering mid-term value EBIT Adjusted 2029 target Cash conversion ratio Share buyback* programme over 3 years * SBB can be suspended, modified or discontinued at any time at the Board discretion. Continued execution remains subject to continued shareholder authorisation.12
Page 14
Lars Wagner Chief Executive Officer COMMERCIAL AIRCRAFT
Page 15
Serving the growing product & services demand R12 in 2028 R13 in 2028 Production rate trajectory: 2030 services ambition: $10bn revenues Market for new aircraft Market for services The right platforms and superior products Increased market share on Widebody Expanding our business through organic growth & targeted M&As Leverage our unique full life cycle aircraft offering R7075 in 2027 R5 in 2029 Airbus value and ambition 15 Global Market Forecast 20262045 Global Services Forecast 20252044 4% CAGR 42,060 new aircraft by 2045 PAX & Freighter 4% CAGR 49,000+ aircraft in service in 2044 PAX & Freighter
Page 16
Greater resilience and rate readiness Increased output Improved quality Supply chain resilience Our global teams and partners are ramping up on all programmes while improving execution to better serve our customers Capacity ramp-up People upskilled Operational excellence Strengthened culture change and Zero defect initiative launched in 2026 Target to reduce non quality by 50% by 2027 Increase certification to level 23 to perform quality checks New ‘Operations academyʼ enhancing our learning development Leverage Aero Excellence™ as a recognised industrial maturity standard Strengthen multi sources and multi sites for critical parts All FALs delivering from 2026 All sub-assembly lines ramping up and former Spirit AeroSystems assets under our control 16
Page 17
Main drivers 2025 to 2029 Additional volume Mix benefit Greater operating efficiency Investments in the future 2029 Airbus ambition €5.5bn €10bn 2025 EBIT Adj. 2029 EBIT Adj. ambition* Beyond 2029 additional levers // Past pricing materialising Widebody and Services * Assuming a 2029 €/$ EBIT rate of 1.22 Chart for illustrative purpose - not to scale17 Delivering on our profitability ambition
Page 18
Pioneering and innovating to shape a sustainable future Execute today Enable tomorrow Prepare our future Enablers & catalysts: Artificial intelligence and 2035 transformation Incremental developments creating value Maturing technological bricks Launching NextGen Single Aisle Rebalancing aftermarket business models 2035+2026 2029 18
Page 20
Mike Schoellhorn Chief Executive Officer AIRBUS DEFENCE AND SPACE
Page 21
Capitalising on our recent successes Defence and Space: Building momentum €50bn+ Backlog YEʼ25 Deliver on European strategic autonomy needs Focus on profitable growth Securing the future growth €0.8bn EBIT Adj. FYʼ25 Improving profitability & execution Divisional & Space Transformation Building the foundation for excellence Propose best-in class solutions Capitalising on Europeʼs growing defence budgets To continue serving the growing demand for defence solutions 01 02 03 21
Page 22
Ramp-up acceleration and focused execution Active partnerships and collaboration Continuous building of resilience Artificial intelligence enhancement across all solutions Almost double production by 2030MRTT R20+ by 2028 R30 as a scenario post 2029*Eurofighter Solid growth expected backed by innovative solutionsUAS Getting prepared for the high intensity scenarioServices Building a sovereign cyber champion Capitalise on booming satellite imagery market Integrated air missile defence incl. c-UAS Connected Intelligence Significant ramp-up in all business segmentsSpace Systems Build a European 6th generation fighter FCAS * Eurofighter targeted ramp-up rates relate to major unit production22
Page 23
* Completion of the transaction is subject to customary conditions including regulatory clearances, with the new company expected to be operational in 2027 A new leading European player in space* Joint Ventures as strategic enablers €5.8bn Revenue FYʼ25 €2.6bn Revenue FYʼ25 €6.5bn Revenue FYʼ24 pro-forma Transforming the business to unlock value Air Power Space Systems Connected Intelligence 2026 Potential future organisation 2027+ Airbus Defence and Space current organisation: Focused core business Air Power centric Division Connected Int e ll ig ence Main Joint Ventures: 23 about
Page 24
Delivering on our profitability ambition 2029 Airbus Defence and Space ambition Main drivers 2025 to 2029 Volumes including European Defence upward trend Enhanced competitiveness Self-funded R&D in targeted areas €0.8bn €1.3bn 2025 EBIT Adj. 2029 EBIT Adj. ambition Beyond 2029 additional levers // Enhanced efficiency Volumes including Services Chart for illustrative purpose - not to scale24
Page 26
Matthieu Louvot Chief Executive Officer AIRBUS HELICOPTERS
Page 27
Addressable civil market 5.9% CAGR 20252031) in value Addressable military market 4.3% CAGR 20252031) in value Robustness through balance Civil 48% Military 52% Platforms 57% Services 43% FYʼ25 revenues Leveraging a growing market with resilience Military market share 28% FYʼ25 19% in FYʼ24) in units Our Ambition Civil market share 51% FYʼ25 48% in FYʼ24) in units Leader of uncrewed solutions Maintain #1 in civil and para-public Growth in military exports #1 in Services Market for new helicopters 27
Page 28
Executing on our ramp-up Resilient set-up Industrial enablers ● Almost 24,000 qualified workers worldwide ● Global footprint with 10 industrial sites Continuously upgrading our platforms ● Doubled engineering hours in the last five years ● Constant updates for our 13 product families Chart for illustrative purpose - not to scale ● Next Gen factory of rotors and transmissions ● New final assembly line in India H145 Deliveries 28 2025 96 86 68 20242023 2030 120 2026 //
Page 29
Delivering on our profitability ambition Main drivers 2025 to 2029 Ramp-up execution and cost optimisation Support & Services growth Military upward trend Investments in the future 2029 Airbus Helicopters ambition €0.9bn €1.2bn 2025 EBIT Adj. 2029 EBIT Adj. ambition Beyond 2029 additional levers // Civil value growth Increased military market share Leader of uncrewed solutions 29 Chart for illustrative purpose - not to scale
Page 30
Enabling the future Continuing our strategic priorities Crewed-uncrewed teaming A force multiplier H140 and U145 Deliver on our trajectory and EIS ENGRT and NGRC* Preparing next generation in defence Customer Loyalty SustainabilityInnovation Defence & Security Operational optimisation Leveraged by artificial intelligence * European Next Generation Rotorcraft Technologies and Next Generation Rotorcraft Capability30
Page 31
Guillaume Faury Chief Executive Officer CLOSING REMARKS
Page 32
We are committed to delivering sustained value and returns to shareholders EBIT Adjusted 2029 target Cash conversion ratio Share buyback* programme over 3 years €12bn to €13bn 1 €5bn * SBB can be suspended, modified or discontinued at any time at the Board discretion. Continued execution remains subject to continued shareholder authorisation.32 Resilient business providing visibility Operational capacity ready to unlock value Leveraging defence momentum Strong team focused on execution
Page 33
33