EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Unaudited Condensed IFRS Consolidated
Financial Information of EADS N.V.
for the three-month period ended 31 March 2012
Unaudited Condensed IFRS Consolidated Income Statements ………………………………......…2
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income……….……...3
Unaudited Condensed IFRS Consolidated Statements of Financial Position…………...……...…4
Unaudited Condensed IFRS Consolidated Statements of Cash Flows…………....……………..…5
Unaudited Condensed IFRS Consolidated Statements of Changes in Equity..……………….......6
Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial Statements
as at 31 March 2012…...……..……………………………………….…………...…………..…......…........6
1. The Company……………………………………………………………………………………..…..6
2. Accounting policies……………….………………………………………………..…………….....7
3. Segment information………………………………..…………..…………………………....……..7
4. EBIT pre-goodwill impairment and exceptionals…..……..………………………………..…..8
5. Significant income statement items………….…………………..………….………..……........9
6. Significant items of the statement of financial position…….……………………...…….......9
7. Significant cash flow items……………………………………………………..…...…..……….11
8. Number of shares……………………………………………………….........................…....….12
9. Earnings per share……………………………………..……………….………...……...………..12
10. Related party transactions.………………..…………………...…….……………………..……13
11. Number of employees ……………………………….……………….……………..........………13
12. Litigation and claims …..…………………………….……………….……………..........………13

1

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Unaudited Condensed IFRS Consolidated Income Statements

1 January - 31 March 2012 1 January - 31 March 2011
Revenues
Cost of sales
Gross margin
Selling, administrative & otherexpenses
Research and development
expenses

DeviationM€
11,404-9,740
1,664

%
100
-85
15

M€
9,854
-8,515
1,339

%
100
-86
14

M€
1,550
-1,225
325

-685

-6

-589

-6

-96

-726

-6

-650

-6

-76

44

0

48

0

-4

Other income
Share of profit from associates
under the equity method and otherincome from investments
Profit before finance result andincome taxes
Interest income
Interest expense
Other financial result
Finance result
Income taxes
Profit (loss) for the period

36

0

33

0

3

333
80
-153
-70
-143
-55
135

3
1
-1
-1
-1
-1
1

181
99
-146
-150
-197
5
-11

2
1
-1
-2
-2
0
0

152
-19
-7
80
54
-60
146

Attributable to:Equity owners of the parent(Net income (loss))
Non-controlling interests

133
2

1
0

-12
1

0
0

145
1

Earnings per share

€

€

€

Basic and diluted

0.16

-0.01

0.17

2

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
Income1 January 1 January 31 March 2012 31 March 2011

in M €
Profit (loss) for the period

135

-11

Foreign currency translation differences for foreign operations

-46

-54

1,673

2,616

139

10

-102

120

Tax on income and expense recognized directly in equity

-549

-808

Other comprehensive income, net of tax

1,115

1,884

Total comprehensive income of the period

1,250

1,873

1,249
1
1,250

1,873
0
1,873

Net change in fair value of cash flow hedges
Net change in fair value of available-for-sale financial assets
Unrealized changes from investments accounted forusing the equity method

Attributable to:Equity owners of the parent
Non-controlling interests
Total comprehensive income of the period315.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Unaudited Condensed IFRS Consolidated Statements of Financial PositionNon-current assets
Intangible assets
Property, plant and equipment
Investments in associates under theequity method
Other investments and long-term
financial assets
Other non-current assets
Deferred tax assets
Non-current securities
Current assets
Inventories
Trade receivables
Other current assets
Current securities
Cash and cash equivalents
Total assets
Total equity
Equity attributable to equity owners of
the parent
Capital stockReserves
Accumulated other comprehensive
incomeTreasury shares
Non-controlling interests
Non-current liabilities
Non-current provisions
Long-term financing liabilities
Deferred tax liabilities
Other non-current liabilities
Current liabilities
Current provisions
Short-term financing liabilities
Trade liabilities
Current tax liabilities
Other current liabilities
Total liabilities
Total equity and liabilities

31 March 2012
M€%

31 December 2011
M€%

Deviation
M€%

12,734
14,23314
16

12,745
14,233

14
16

-11
0

0
0

2,600

3

2,677

3

-77

-3

2,390

3

2,378

3

12

1

2,119
3,969
7,954
45,999

2
4
9
51

1,884
4,309
7,229
45,455

2
5
8
51

235
-340
725
544

12
-8
10
1

24,506
5,626
5,001
3,018
4,580
42,73188,730

29
6
6
3
5
49
100

22,563
6,399
4,503
4,272
5,284
43,021
88,476

26
7
5
5
6
49
100

1,943
-773
498
-1,254
-704
-290
254

9
-12
11
-29
-13
-1
0

824
8,171

1
9

820
7,990

1
9

4
181

0
2

1,284

2

153

0

1,131

739

-119
10,16020
10,180

0
12
0
12

-113
8,850
20
8,870

0
10
0
10

-6
1,310
0
1,310

5
15
0
15

9,145
3,472
1,288
17,333
31,238

10
4
1
20
35

9,125
3,628
1,050
18,297
32,100

10
4
1
21
36

20
-156
238
-964
-862

0
-4
23
-5
-3

5,883
1,406
9,100
334
30,58947,31278,55088,730

6
2
10
0
35
53
88
100

5,860
1,476
9,630
308
30,23247,506
79,60688,476

7
2
11
0
34
54
90
100

23
-70
-530
26
357
-194
-1,056
254

0
-5
-6
8
1
0
-1
0

4

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Unaudited Condensed IFRS Consolidated Statements of Cash Flows

1 January 1 January 31 March 2012 31 March 2011*)
M€
Profit (loss) for the period attributable to equity owners of theparent (Net income (loss))

M€
133

-12

2

1

Depreciation and amortization

443

408

Valuation adjustments

301

199

Deferred tax expense (income)

9-45

Change in income tax assets, income tax liabilities and provisions forincome tax

-41

-35

Results on disposals of non-current assets-140Results of companies accounted for by the equity method

-27

-31

Change in current and non-current provisions *)

264

75

Change in other operating assets and liabilities-1,853112

Cash (used for) provided by operating activities

-783

672

- Purchases of intangible assets, PPE

-496

-367

- Proceeds from disposals of intangible assets, PPE

36

3- Acquisitions of subsidiaries and joint ventures (net of cash)-50- Payments for investments in associates and otherinvestments and long-term financial assets

-17

-22

- Proceeds from disposals of associates and otherinvestments and long-term financial assets

22

15

Change of securities

731

-371

Cash provided by (used for) investing activities

271

-742

Change in long-term and short-term financing liabilities

-236

44

Dividends paid to non-controlling interests-10Changes in capital and non-controlling interests

67

7

Change in treasury shares

-6

-14

Cash (used for) provided by financing activities
Effect of foreign exchange rate changes and other valuation adjustments
on cash and cash equivalents

-176

37

-16

-39

Net (decrease) in cash and cash equivalents

-704

-72

Cash and cash equivalents at beginning of period

5,284

5,030

Cash and cash equivalents at end of period

4,580

4,958

Profit for the period attributable to non-controlling interests
Adjustments to reconcile profit (loss) for the period to cash (used for)provided by operating activities

Investments:*)

In the first three months of 2012, “contribution to plan assets for pensions" is shown in “change in current and non-current provisions”
within cash (used for) provided by operating activities. Previously, “contribution to plan assets for pensions" was disclosed in cash
provided by (used for) investing activities. It amounts in the first three months of 2012 to -5 M € (first three months 2011: -8 M €).

5

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

As of 31 March 2012, EADS’ cash position (stated as cash and cash equivalents in the Unaudited
Condensed IFRS Consolidated Statements of Cash Flows) includes 737 M € (710 M € as of 31
December 2011), which represents EADS’ share in MBDA’s cash and cash equivalents deposited atother shareholders. These funds are available for EADS upon demand.

Unaudited Condensed IFRS Consolidated Statements of Changes in Equity
in M €
Balance at 1 January 2011

Equityattributable to Non-controlling
equity owners ofinterests
the parent
8,841
95

Profit (loss) for the period
Other comprehensive income
Capital increase

total
8,936

-12

1

-11

1,885

-1

1,884

7

0

7

Change in treasury shares

-14

0

-14

Balance at 31 March 2011

10,70795

10,802

Balance at 1 January 2012

8,850

20

8,870

133

2

135

1,116

-1

1,115

Dividends

0

-1

-1

Capital increase

67

0

67

Change in treasury shares

-6

0

-6

Balance at 31 March 2012

10,16020

10,180

Profit for the period
Other comprehensive income

Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial
Statements as at 31 March 2012
1. The Company
The accompanying Unaudited Condensed IFRS Consolidated Financial Statements present theoperations of European Aeronautic Defence and Space Company EADS N.V. and its
subsidiaries (“EADS” or the “Group”), a Dutch public limited liability company (Naamloze
Vennootschap) legally seated in Amsterdam (current registered office at Mendelweg 30, 2333 CS
Leiden, The Netherlands), and are prepared and reported in Euros (“€”). EADS’ core business isthe manufacturing of commercial aircraft, civil and military helicopters, commercial space launchvehicles, missiles, military aircraft, satellites, defence systems and defence electronics andrendering of services related to these activities. The Unaudited Condensed IFRS Consolidated
Financial Statements for the three-month period ended 31 March 2012 were authorized for issue
by EADS’ Board of Directors on 15 May 2012.

6

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

2. Accounting policies
These Unaudited Condensed Consolidated Financial Statements have been prepared inaccordance with IAS 34 Interim Financial Reporting (amended 2010) as adopted by the European
Union (EU). EADS’ Consolidated Financial Statements are prepared in accordance with
International Financial Reporting Standards (“IFRS”) issued by the International AccountingStandards Board (“IASB”) and as endorsed by the European Union (EU) as at 31 March 2012 andPart 9 of Book 2 of the Netherlands Civil Code. They comprise (i) IFRS, (ii) International
Accounting Standards (“IAS”) and (iii) Interpretations originated by the IFRS Interpretations
Committee (“IFRIC”) or former Standards Interpretation Committee (“SIC”).
These Unaudited Condensed IFRS Interim Consolidated Financial Statements should be read in
conjunction with EADS’ Consolidated Financial Statements as of 31 December 2011. Except for
the amended Standards to be applied for the first time in the first three months 2012 (mentioned
below in the next section), EADS’ accounting policies and techniques are unchanged compared to
31 December 2011.
Financial reporting rules applied for the first time in the first three months 2012
The following amended Standard was applied for the first time in the first three months 2012 and iseffective for EADS as of 1 January 2012. If not otherwise stated, it does not have a material impact
on EADS’ Consolidated Financial Statements as well as its basic and diluted earnings per share.
The IASB issued amendments to IFRS 7 “Financial Instruments: Disclosures” as part of its
comprehensive review of off balance sheet activities relating to transfers of financial assets. The
amendments shall help users of financial statements evaluating the risk exposures relating to suchtransfers and the effect of those risks on an entity’s financial position and require additional
disclosures.

3. Segment information
The Group operates in five reportable segments which reflect the internal organizational andmanagement structure according to the nature of the products and services provided.
Airbus Commercial — Development, manufacturing, marketing and sale of commercial jet
aircraft of more than 100 seats; aircraft conversion and related services.
Airbus Military — Development, manufacturing, marketing and sale of military transport aircraft
and special mission aircraft and related services.
The reportable segments Airbus Commercial and Airbus Military form the Airbus Division .
Eurocopter — Development, manufacturing, marketing and sale of civil and military helicopters;
provision of helicopter related services.
Astrium — Development, manufacturing, marketing and sale of satellites, orbital infrastructuresand launchers; provision of space related services.
Cassidian — Development, manufacturing, marketing and sale of missiles systems, military
combat aircraft and training aircraft; provision of defence electronics and of global security
market solutions such as integrated systems for global border security and securecommunications solutions and logistics; training, testing, engineering and other related services.

7

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

The following table presents information with respect to the Group’s business segments. “Other
Businesses” mainly comprises the development, manufacturing, marketing and sale of regional
turboprop aircraft, aircraft components as well as the Group’s activities managed in the US.
Consolidation effects, the holding function of EADS Headquarters and other activities not allocableto the reportable segments are disclosed in the column “HQ / Conso.”.

in M €

AirbusCommercial

AirbusMilitary

Other
Total
Astrium Cassidian Businessegments
ses

Eurocopter

HQ/
Conso.

Consolidated

Three-month period ended 31 March 2012
Revenues

7,499

425

1,199

1,325

925

361

11,734-330

11,404

Research anddevelopment expenses

-587

0

-61

-22

-55

-4

-729

3

-726

Profit (loss) before
finance result andincome taxes

140

11

65

64

6

-6

280

53

333

EBIT pre-goodwill imp.
and exceptionals (seedefinition below)

146

11

65

65

8

-6

289

54

343

Three-month period ended 31 March 2011
Revenues

6,707

434

823

1,171

878

246

10,259

-405

9,854

Research anddevelopment expenses

-516

-9

-44

-13

-53

-2

-637

-13

-650

Profit (loss) before
finance result andincome taxes

118

1

31

51

6

-3

204

-23

181

EBIT pre-goodwill imp.
and exceptionals (seedefinition below)

125

1

31

52

8

-3

214

-22

192

4. EBIT pre-goodwill impairment and exceptionals
EADS uses EBIT pre-goodwill impairment and exceptionals as a key indicator of its economic
performance. The term “exceptionals” refers to such items as depreciation expenses of fair value
adjustments relating to the EADS merger, the Airbus combination and the formation of MBDA, as
well as impairment charges thereon. It also comprises disposal impacts related to goodwill and fairvalue adjustments from these transactions. EBIT pre-goodwill impairment and exceptionals is
treated by management as a key indicator to measure the segments’ economic performances.
The reconciliation from profit before finance result and income taxes to EBIT pre-goodwill
impairment and exceptionals is set forth in the following table (in M €):815.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

in M €
Profit before finance result and income taxes

1 January 31 March 2012

1 January 31 March 2011

333

181

10

11

343

192

Goodwill and exceptionals:
Exceptional depreciation (fixed assets in cost of sales)
EBIT pre-goodwill impairment and exceptionals

5. Significant income statement items
Revenues of 11,404 M € (first quarter 2011: 9,854 M €) increase by +1,550 M €, mainly at Airbus
Commercial (+792 M €) and Eurocopter (+376 M €). All segments, except for Airbus Military,contributed positively to the increase of revenues. Airbus Military includes revenues related to the
A400M programme of 75 M € (first quarter 2011: 165 M €). New consolidated companies
contributed to revenues by 405 M €.
The Gross Margin increases by +325 M € to 1,664 M € compared to 1,339 M € in the first quarterof 2011. This improvement is mainly related to better performance of legacy programmes(including better pricing and positive volume effects) and a favorable phasing of costs at Airbus
Commercial as well as increases at Eurocopter and Astrium. Based on an updated technicalsolution concept to fix the retrofit of the A380 wing rib issue, an additional amount of -158 M € isrecognized in the first three months 2012.
Research and development expenses increase by -76 M € to -726 M € (first quarter 2011:-650 M €) mainly reflecting an increase for the Airbus A350XWB.
Share of profit from associates under the equity method and other income frominvestments of 36 M € (first quarter 2011: 33 M €) mainly consists of the consistently estimatedshare of the result of Dassault Aviation of 21 M € (first quarter 2011: 30 M €). The Dassault
Aviation equity accounted-for income in the first quarter 2012 includes an insignificant positive
catch-up on 2011 results.
Finance result amounts to -143 M € (first quarter 2011: -197 M €) comprising interest result of-73 M € (first quarter 2011: -47 M €). Other financial result amounts to -70 M € (first quarter 2011:-150 M €) and mainly includes charges from the unwinding of discounted provisions (-41 M €, firstquarter 2011: -37 M €), the negative revaluation of financial instruments (-21 M €, first quarter
2011: -56 M €) and the positive impact from foreign exchange valuation of monetary items(+4 M €, first quarter 2011: a negative impact of -47 M €).
The income tax expense of -55 M € (first quarter 2011: an income tax benefit of 5 M €)corresponds to an effective income tax rate of 29% (first quarter 2011: 31%).

6. Significant items of the statement of financial positionNon-current assets
Intangible assets of 12,734 M € (prior year-end: 12,745 M €) include 10,756 M € (prior year-end:
10,760 M €) of goodwill. This mainly relates to Airbus Commercial (6,657 M €), Cassidian

915.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

(2,546 M €), Astrium (1,171 M €) and Eurocopter (322 M €). Except for an impairment charge in
Other Businesses of -20 M €, the last annual impairment tests, which were performed in the fourth
quarter of 2011, did not lead to any impairment charges.
Property, plant and equipment remain stable at 14,233 M € (prior year-end: 14,233 M €),including leased assets of 529 M € (prior year-end: 574 M €). Property, plant and equipment also
comprise “Investment property” amounting to 75 M € (prior year-end: 74 M €).
Investments in associates under the equity method of 2,600 M € (prior year-end: 2,677 M €)mainly reflect the decrease in the value of the equity investment in Dassault Aviation, amounting to
2,471 M € (prior year-end: 2,552 M €). The change in Dassault Aviation is mainly affected by therecognition of a negative catch-up of 2011 other comprehensive income of -103 M €.
Other investments and other long-term financial assets of 2,390 M € (prior year-end:
2,378 M €) are related to Airbus for an amount of 1,610 M € (prior year-end: 1,659 M €), mainly
concerning the non-current portion of aircraft financing activities.
Other non-current assets mainly comprise non-current derivative financial instruments and noncurrent prepaid expenses. The increase by +235 M € to 2,119 M € (prior year-end: 1,884 M €) ismainly caused by the positive variation of the non-current portion of fair values of derivative
financial instruments (+240 M €).
Deferred tax assets of 3,969 M € (prior year-end: 4,309 M €) are presented as non-current assets
as required by IAS 1. The decrease is mainly due to the variation of fair values of derivative
financial instruments.
The fair values of derivative financial instruments are included in other non-current assets(726 M €, prior year-end: 486 M €), in other current assets (429 M €, prior year-end: 404 M €), inother non-current liabilities (1,407 M €, prior year-end: 2,140 M €) and in other current liabilities(704 M €, prior year-end: 995 M €) which corresponds to a total net fair value of -956 M € (prioryear-end: -2,245 M €). The volume of hedged US dollar-contracts increases from 75.1 billion US
dollar as at 31 December 2011 to 80.3 billion US dollar as at 31 March 2012. The US dollar spot
rate weakened against the € (USD / € spot rate of 1.34 at 31 March 2012 vs. 1.29 at 31 December2011). The average US dollar hedge rate for the hedge portfolio of the Group improves from 1.37
USD as at 31 December 2011 to 1.36 USD as at 31 March 2012.

Current assets
Inventories of 24,506 M € (prior year-end: 22,563 M €) increase by +1,943 M €. This is mainly
driven by the phasing of unfinished goods and services for Airbus (+1,199 M €), Eurocopter (+252
M €), Cassidian (+220 M €) and Astrium (+115 M €) programmes. Airbus also records higher
finished goods (+132 M €).
Trade receivables decrease by -773 M € to 5,626 M € (prior year-end: 6,399 M €), mainly caused
by Astrium (-343 M €), Cassidian (-247 M €) and Eurocopter (-246 M €).
Other current assets include “Current portion of other long-term financial assets”, “Current otherfinancial assets”, “Current other assets” and “Current tax assets”. The increase of +498 M € to
5,001 M € (prior year-end: 4,503 M €) comprises among others an increase of +174 M € inreceivables from related parties, of +119 M € in VAT receivables, of +75 M € in current prepaid
expenses and of +25 M € in positive fair values of derivative financial instruments.

10

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Cash and cash equivalents decrease from 5,284 M € to 4,580 M € (see also note 7 “Significant
cash flow items”).

Total equity
Equity attributable to equity owners of the parent (including purchased treasury shares) amounts
to 10,160 M € (prior year-end: 8,850 M €). The increase in equity is mainly due to othercomprehensive income for the period of +1,116 M €, mainly due to the change of fair values incash flow hedges.
Non-controlling interests remain unchanged at 20 M € (prior year-end: 20 M €).

Non-current liabilities
Non-current provisions of 9,145 M € (prior year-end: 9,125 M €) comprise the non-current
portion of pension provisions with an increase of +40 M € to 5,668 M € (prior year-end: 5,628 M €).
Moreover, other provisions are included in non-current provisions, which decrease by -20 M € to
3,477 M €.
Long-term financing liabilities, mainly comprising bonds, decrease by -156 M € to 3,472 M €(prior year-end: 3,628 M €).
Other non-current liabilities, comprising “Non-current other financial liabilities”, “Non-current
other liabilities” and “Non-current deferred income”, decrease in total by -964 M € to 17,333 M €(prior year-end: 18,297 M €), due to the non-current portion of liabilities for derivative financial
instruments (-733 M €).

Current liabilities
Current provisions increase slightly by +23 M € to 5,883 M € (prior year-end: 5,860 M €) andcomprise the current portions of pensions (193 M €) and of other provisions (5,690 M €).
Trade liabilities decrease by -530 M € to 9,100 M € (prior year-end: 9,630 M €), mainly at Airbus(-446 M €) and Cassidian (-139 M €).
Other current liabilities include “Current other financial liabilities”, “Current other liabilities” and“Current deferred income”. They increase by +357 M € to 30,589 M € (prior year-end: 30,232 M €).
Other current liabilities mainly comprise current customer advance payments of 25,207 M € (prioryear-end: 25,006 M €), increasing by +201 M €.

7. Significant cash flow items
Cash (used for) provided by operating activities decreases by -1,455 M € to -783 M € (first
three months 2011 adjusted by -8 M € to +672 M €). Gross cash flow from operations (beforechanges in other operating assets and liabilities) of +1,070 M € improves compared to the priorperiod’s level (first three months 2011 adjusted by -8 M € to +560 M €). Changes in otheroperating assets and liabilities amount to -1,853 M € (first three months 2011: +112 M €), mainlyreflecting back-loaded deliveries and a strong increase in inventories across most divisions related
to the production ramp-up, partly compensated by customer advance payments received

11

15.05.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

Cash provided by (used for) investing activities amounts to +271 M € (first three months 2011adjusted by +8 M € to -742 M €). This mainly comprises a change in securities of +731 M € (first
three months 2011: -371 M €) and purchases of intangible assets and property, plant andequipment of -496 M € (first three months 2011: -367 M €), namely in Airbus.
Cash (used for) provided by financing activities decreases by -213 M € to -176 M € (first threemonths 2011: +37 M €). Changes in long-term and short-term financing liabilities of -236 M € (first
three months 2011: +44 M €) are partly compensated by changes in capital and non-controllinginterests of +67 M € (first three months 2011: +7 M €) related to the issuance of new shares due tothe exercise of stock options.

8. Number of shares
The total number of shares outstanding is 818,026,970 and 810,835,530 as of 31 March 2012 and2011, respectively. EADS’ shares are exclusively ordinary shares with a par value of 1.00 €.
During the first three months of 2012, the number of treasury shares held by EADS increased from5,585,780 as of 31 December 2011 to 5,778,092 as of 31 March 2012.
In the first three months 2012, EADS issued 3,322,771 new shares (in the first three months 2011:
444,687 new shares).

9. Earnings per share
Basic earnings per share are calculated by dividing profit (loss) for the period attributable toequity owners of the parent (Net income (loss)) by the weighted average number of issued
ordinary shares during the period, excluding ordinary shares purchased by the Group and held astreasury shares:
1 January to
31 March 2012
Net income (loss) attributable to equity owners of theparentWeighted average number of ordinary shares outstanding
Basic earnings per share

1 January to
31 March 2011

133 M €

-12 M €

815,957,338

810,699,249

0.16 €-0.01 €For calculation of the diluted earnings per share, the weighted average number of ordinary
shares is adjusted to assume conversion of all potential ordinary shares. The Group’s only
category of dilutive potential ordinary shares is stock options. Since the average price of EADS
th
th
th
th
shares exceeded the exercise price of the 4 , 5 , 6 and 8 stock option plan in the first threeththmonths of 2012 (in the first three months of 2011: the 4 and the 5 stock option plan), 1,718,636
potential shares (in the first three months 2011: 1,255,698 shares) were considered in thecalculation of diluted earnings per share.

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

1 January to
31 March 2012
Net income (loss) attributable to equity owners of theparentWeighted average number of ordinary shares outstanding(diluted)
Diluted earnings per share

1 January to
31 March 2011

133 M €

-12 M €

817,675,974

811,954,947

0.16 €-0.01 €

10. Related party transactions
The Group has entered into various transactions with related companies in the first three monthsof 2012 and 2011 that have all been carried out in the normal course of business. As it is theGroup’s policy, related party transactions have to be carried out at arm’s length. Transactions withrelated parties include the French government and its related entities, Daimler AG, Lagardère
group and the Spanish government (SEPI). Except for the transactions with the French andSpanish government, such transactions are not considered material to the Group either
individually or on aggregate. The transactions with the French government include mainly sales
from Eurocopter, Astrium, Cassidian and Airbus Military. The transactions with the Spanish
government include mainly sales from Airbus Military and Cassidian. The French and Spanish
government are also customers of the A400M programme.

11. Number of employees
The number of employees as at 31 March 2012 is 134,614 as compared to 133,115 as at
31 December 2011.

12. Litigation and claims
EADS is involved from time to time in various legal and arbitration proceedings in the ordinary
course of its business, the most significant of which are described below. Other than as described
below, EADS is not aware of any governmental, legal or arbitration proceedings (including any
such proceedings which are pending or threatened), during a period covering at least the previous
twelve months which may have, or have had in the recent past significant effects on EADS’ or theGroup’s financial position or profitability.

WTO - Although EADS is not a party, EADS is supporting the European Commission in litigation
before the WTO. Following its unilateral withdrawal from the 1992 EU-US Agreement on Trade in
Large Civil Aircraft, the US lodged a request on 6 October 2004 to initiate proceedings before the
WTO. On the same day, the EU launched a parallel WTO case against the US in relation to its
subsidies to Boeing. On 1 June 2011, the WTO adopted the final report in the case brought by the13

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2012

US assessing funding to Airbus from European governments. On 1 December 2011, the EU
informed the WTO that it had taken appropriate steps to bring its measures fully into conformity
with its WTO obligations, and to comply with the WTO’s recommendations and rulings. Because
the US did not agree, the matter has now been referred to arbitration under WTO rules. On
23 March 2012, the WTO adopted the Appellate Body’s final report in the case brought by the EUconcerning subsidies to Boeing. The US has until 23 September 2012 to implement the findings.
Exact timing of further steps in the WTO litigation process is subject to further rulings and tonegotiations between the US and the EU. Unless a settlement, which is currently not underdiscussion, is reached between the parties, the litigation is expected to continue for several years.

Securities litigation - Following the dismissal of charges brought by the French Autorité desmarchés financiers for alleged breaches of market regulations and insider trading rules withrespect primarily to the A380 delays announced in 2006, proceedings initiated in other jurisdictions
have also been terminated. Nevertheless, following criminal complaints filed by several
shareholders in 2006 (including civil claims for damages), a French investigating judge is still
carrying out an investigation based on the same facts.

CNIM - On 30 July 2010, Constructions Industrielles de la Méditerrannée (“CNIM”) brought anaction against EADS and certain of its subsidiaries before the commercial court of Paris, alleging
anti-competitive practices, breach of long-term contractual relationships and improper terminationof pre-contractual discussions. CNIM is seeking approximately €115 million in damages on a joint
and several basis. On 12 January 2012, the court rejected all of CNIM’s claims, following which
CNIM filed for appeal.

GPT - EADS has commissioned an independent investigation into compliance allegations made inconnection with one of its subsidiaries, GPT Special Project Management Ltd. The independent
investigation remains ongoing.

Regarding EADS’ provisions policy, EADS recognises provisions for litigation and claims when(i) it has a present obligation from legal actions, governmental investigations, proceedings andother claims resulting from past events that are pending or may be instituted or asserted in the
future against the Group, (ii) it is probable that an outflow of resources embodying economic
benefits will be required to settle such obligation and (iii) a reliable estimate of the amount of suchobligation can be made. EADS believes that it has made adequate provisions to cover current orcontemplated general and specific litigation risks.

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