Thales Sa · EURONEXT:HO

Thales Sa — Q1 2008 Earnings Presentation

6 slides from Thales Sa's earnings presentation, May 13, 2008

1. Slide 1: Business trends in Q1 2008

   Business trends in Q1 2008 Patrice Durand, SVP Finance 13 May 2008

2. Slide 2: Business trends in Q1 2008

   Business trends in Q1 2008 At 31 March in €m 2007 2008 overall organic change change * Revenues 2,193 2,308 + 5.3% + 7.3% Order intake 2,151 2,947 + 37% + 34% book to bill 0.98 1.28 May 2008 * At 2008 scope & exchange rates 2

3. Slide 3: Change in Q1 revenues

   Change in Q1 revenues in €m Q1 2007 revenues 2,193 Exchange (101) Disposals (156) Q1 2007 revenues of acquired bus. 215 Restated Q1 2007 revenues 2,151 Q1 2008 revenues 2,308 Total change + 5.3% Organic change at 2008 exchange & scope + 7.3% May 2008 3

4. Slide 4: Q1 revenues by segment

   Q1 revenues by segment in €m 2007 2008 change overall organic Aerospace / Space 453 720 + 59% + 14% Defence 967 991 + 3% + 7% Security 603 578 - 4% - 0% Other & bus. divested in 07 171 19 - - Total 2,193 2,308 + 5.3% + 7.3% * Mainly Naval surface activities in France (Defence) Defence) and Faceo (Se

5. Slide 5: 37% growth in new orders

   37% growth in new orders 2,947 In €m + 37% 473 Unit value 2,151 > €100m < €100m 2,474 + 15% 2,151 Q1 2007 Q1 2008 May 2008 5

6. Slide 6: Q1 Order intake by segment

   Q1 Order intake by segment In €m 2007 2008 change book / bill overall organic Aerospace / Space 451 1,006 + 123% + 65% 1.4 Defence 992 1,240 + 34% + 40% 1.3 Security 614 686 + 12% + 9% 1.2 Other & bus. divested in 07* 94 15 ns - Total 2,151 2,947 + 37% +34% 1.3 May 2008 * Mainly Naval surface activi

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