AIRBUSIFRS 15 and New Segment Reporting:2017 Quarterly Restatements

31 October 2018

SAFE HARBOUR STATEMENT

2DISCLAIMER
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 anddelivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance 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 Airbus’ businesses;
Significant disruptions in air travel (including as a result of terrorist attacks);
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 spaceprocurement budgets;
Research and development costs in connection with new products;
Legal, financial and governmental risks related to international transactions;
Legal and investigatory proceedings and other economic, political and technological risks and uncertainties.
As a result, Airbus’ actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
For a discussion of factors that could cause future results to differ from such forward-looking statements, see the Airbus “Registration Document” dated 28 March
2018, including the Risk Factors section.
Any forward-looking statement contained in this presentation speaks as of the date of this presentation. Airbus undertakes no obligation to publicly revise or update
any forward-looking statements in light of new information, future events or otherwise.
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.
IFRS 15 Restatement Disclaimer:
The Company has adopted the IFRS 15 standard as of 1st January 2018. The new accounting policies are subject to change until the Company presents its first
consolidated financial statements that include the date of initial application.

IFRS 15 AND NEW SEGMENT REPORTING
 IFRS 15, effective from January 1st 2018, is now the standard for revenue recognition,measurement, and disclosure
 IFRS 15 will not impact cumulative profit or cash over the lifetime of a contract Since Q1 2018, financials are prepared under full application of IFRS 15 using the full
retrospective method of implementation, with 2017 restated by quarter IFRS 15 changes do not impact 2017 reported Free Cash Flow or Net Cash position
 The restatements resulting from the change in reporting segments do not change the 2017
figures at consolidated Airbus level3Q1 2017 Restatements
IFRS 15 and New Segment

Q1 2017 RESTATED REVENUEIN € MILLION

5As reported

IFRS 15adjustment

After IFRS 15adjustment

New Segment
impactRestated
IFRS 15 &New Segment

Commercial Aircraft

9,825(1,669)

8,156

10

8,166

AirbusHelicopters

1,291

(115)

1,176

1,176

Helicopters

Defence and Space

2,114

226

2,340

2,340

Defence and Space

HQ / Elim.

(242)

12(230)

(10)

(240)

Transversal &Eliminations

12,988(1,546)

11,442-

11,442

ConsolidatedAirbus

AirbusQ1 2017 RESTATED EBIT ADJUSTEDIN € MILLION

6Restated
IFRS 15 &New Segment

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft

281(283)

(2)

(101)

(103)

Helicopters

(2)

(16)

(18)

12(6)

Helicopters

Defence and Space

63

2689

29118

Defence and Space

HQ / Elim.

(102)

14(88)

60(28)

Transversal &Eliminations

Airbus240(259)

(19)

-(19)

Consolidated
AirbusAirbusQ1 2017 RESTATED EBITIN € MILLION

7As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactRestated
IFRS 15 &New Segment

Commercial Aircraft

336(283)

53(101)(48)

AirbusHelicopters

(2)

(16)

(18)

12(6)

Helicopters

Defence and Space

620

8628

29657

Defence and Space

HQ / Elim.

(102)

14(88)

60(28)

Transversal &Eliminations

Airbus

852

(277)

575

-575

Consolidated
AirbusH1 2017 Restatements
IFRS 15 and New Segment

H1 2017 RESTATED REVENUEIN € MILLION

9As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft

21,789(3,625)

18,16418

Helicopters

2,921(205)

Defence and Space

4,625

HQ / Elim.
AirbusRestated
IFRS 15 &New Segment
18,182

Airbus

2,716

2,716

Helicopters

275

4,900

4,900

Defence and Space(626)

21(605)

(18)

(623)

Transversal &Eliminations

28,709(3,534)25,175-25,175

Consolidated
AirbusH1 2017 RESTATED EBIT ADJUSTEDIN € MILLION

10
Restated
IFRS 15 &New Segment

As reported

IFRS 15adjustment

After IFRS 15adjustment

New Segment
impactCommercial Aircraft

954

(503)

451

(194)

257

AirbusHelicopters

93(37)

56

2480

Helicopters

Defence and Space

248

(9)

239

59

298

Defence and Space

HQ / Elim.

(196)3(193)

111(82)

Transversal &Eliminations

Airbus1,099(546)553-553

Consolidated
AirbusH1 2017 RESTATED EBITIN € MILLION

11As reported

IFRS 15adjustment

After IFRS 15adjustment

New Segment
impactRestated
IFRS 15 &New Segment

1,078(503)575(194)381

AirbusHelicopters

93(37)

56

2480

Helicopters

Defence and Space

816(43)

773

59832

Defence and Space

HQ / Elim.

(196)

3(193)

111(82)

Transversal &Eliminations

Airbus

1,791(580)

1,211-

1,211

Consolidated
AirbusCommercial Aircraft9m 2017 Restatements
IFRS 15 and New Segment

9m 2017 RESTATED REVENUEIN € MILLION

13As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactRestated
IFRS 15 &New Segment

Commercial Aircraft

32,643(5,087)27,55623

27,579AirbusHelicopters

4,388

(191)

4,197

4,197

Helicopters

Defence and Space

6,733

319

7,052

7,052

Defence and Space

HQ / Elim.

(811)

13(798)

(23)

(821)

Transversal &Eliminations

42,953(4,946)38,007-38,007

Consolidated
AirbusAirbus9m 2017 RESTATED EBIT ADJUSTEDIN € MILLION

14As reported

IFRS 15
adjustment

After IFRS 15adjustment

New Segment
impactRestated
IFRS 15 &New Segment

1,545(492)

1,053(247)806

AirbusHelicopters

165(40)

125

36161

Helicopters

Defence and Space357(48)

309

88397

Defence and Space

HQ / Elim.

(271)

(8)

(279)

123

(156)

Transversal &Eliminations

Airbus1,796(588)

1,208

-

1,208

Consolidated
AirbusCommercial Aircraft9m 2017 RESTATED EBITIN € MILLION

15

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactRestated
IFRS 15 &New Segment

1,518(492)

1,026(247)779

AirbusHelicopters

165(40)12536161

Helicopters

Defence and Space

900(99)

801

88889

Defence and Space

HQ / Elim.

(271)

(8)

(279)

123

(156)

Transversal &Eliminations

Airbus2,312(639)

1,673

-

1,673

Consolidated
AirbusCommercial AircraftFY 2017 Restatements
IFRS 15 and New Segment

FY 2017 RESTATED REVENUEIN € MILLION

17As reported

IFRS 15
adjustment

After IFRS 15adjustment

New Segment
impactRestated
IFRS 15 &New Segment

Commercial Aircraft

50,958(7,417)43,541(55)

43,486

AirbusHelicopters

6,450

(115)

6,335

6,335

Helicopters

Defence and Space

10,804(208)

10,596

10,596

Defence and Space

HQ / Elim.

(1,445)(5)(1,450)55(1,395)

Transversal &Eliminations

Airbus

66,767(7,745)59,022-59,022

Consolidated
AirbusFY 2017 RESTATED EBIT ADJUSTEDIN € MILLION

18

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactRestated
IFRS 15 &New Segment

3,554(765)2,789(406)2,383Helicopters

337(138)

199

48

247

Helicopters

Defence and Space

872

(174)

698

117

815

Defence and Space

HQ / Elim.

(510)

14(496)

241(255)

Transversal &Eliminations

Airbus

4,253(1,063)

3,190-

3,190

Consolidated
AirbusCommercial Aircraft

AirbusFY 2017 RESTATED EBITIN € MILLION

19

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactRestated
IFRS 15 &New Segment

3,428(765)

2,663(406)2,257Helicopters

337(138)

199

48247

Helicopters

Defence and Space

212

133

345

117

462

Defence and Space

HQ / Elim.

(556)

14(542)

241

(301)

Transversal &Eliminations

Airbus3,421(756)

2,665-

2,665

Consolidated
AirbusCommercial Aircraft

Airbus