Lagardere Sa · EURONEXT:MMB
Lagardere Sa — EADS — Investor Presentation (May 2002)
8 slides from Lagardere Sa's investor presentation, May 23, 2002
Slide 1: Key events 2001
Key events 2001 Airbus integrated company formed MBDA created: 2nd largest missile company world- wide A380 success: 97 firm orders and commitments, including 37 post Sept 11th events A400M: largest order in EADS history Export successes for Eurocopter's NH90 and TIGER Strong business development
Slide 2: A world leader
A world leader Revenues 2001 - consolidation in €bn* Boeing 64.7 EADS 30.8 Lockheed- n° 2 world-wide Martin 26.7 in 2001 Raytheon n° 1 in Europe 18.8 BAE 17 Systems Thales 10.3 * 1 € = 0.88 $ 1 £ =1.64 €
Slide 3: EADS Revenues Breakdown
EADS Revenues Breakdown 2001 revenues 2001 revenues by division military/civil Military Space Transport Aircraft Military Defence 8%2% & Civil 20% Systems 10% 16% 64% 80% Aeronautics Airbus Civil A strong business base
Slide 4: 2001 Financial Highlights
2001 Financial Highlights 2001 Actual (Airbus 100% consolidated) change from 2000 pro-forma** organic Revenues € 30.8 bn + 27% + 10% EBIT * € 1.7 bn + 21% + 5% Net cash position € 1.5 bn € 2.1 bn in 2000** EPS € 1.70 (€ 2.34) in 2000 EPS * € 1.16 (€ 0.06) in 2000 Order intake € 60.2 bn + 23% + 4% Or
Slide 5: 2001: Exceeding on our promises
2001: Exceeding on our promises 2001 Financial targets 2001 Achievements • Book-to-bill > 1 Book-to-bill = 2, excluding A400M • Revenues +20 % Revenues +27%, despite civil aviation downturn • EBIT* +15% EBIT* +21%, in spite of difficult situation at DCS and at Space • Synergies: € 60 m Synergies exc
Slide 6: EADS stock price development since 01/01/01
EADS stock price development since 01/01/01 COMPARIS ON EADS vs OTHER GROUPS BASIS 100 (10 July 2000- 17 May 2002) 180 2000 2001 2002 160 140 120 100 80 60 40 10 Août S e pt Oct Nov Dé c. J a nv. Fé vr Ma rs Avril Ma i J uin J uil Août S e pt Oct Nov Dé c J a nv Fé vr Ma rs Avril Ma i J uil EADS BOE
Slide 7: Roadmap for the future
Roadmap for the future Manage the civil aviation market changes through immediate actions and outstanding resistance: strong order book, production organization flexibility, market share gains Defence business growth will create value: large programmes in order book, entering production phase, on-go
Slide 8: 2002 Financial targets
2002 Financial targets Book-to bill ratio > 1 Order book expected to grow > € 190 bn Revenues forecast to hold solidity at about the current level (-2% from 2001 using constant US$) despite difficult aviation business environment By including higher R&D, low deliveries, risk assessment and further r