at a glanceContents

III EADS GroupVI Airbus

X Eurocopter

XII Astrium

XIV Cassidian

XVI Other Businesses

XVII Global Sales

XVIII EADS Shares

XX EADS Management
structure

Cover page: A350 XWBEADS
ANNUAL REPORT 2011

AT A GLANCEIII

EADS Group
Increasing growth momentum
EADS is a global leader in aerospace, defence and related services.
In 2011, EADS, comprising Airbus, Eurocopter, Astrium and Cassidian,exceeded expectations, with revenues at € 49.1 billion and EBIT*at € 1.7 billion.

EADS Group

2011

2010

2009

Revenues€m49,12845,752

42,822

Self-financed R&D

€m

3,152

2,939

2,825

EBIT*

€m

1,696

1,231

-322

€m

1,033

553

-763

€

1.27

0.68

-0.94

Dividend per share

€

0.45

0.22

–

Net cash position€m

11,681

11,9189,797

Order intake

3)€m

131,027

83,14745,8473)€m

540,978

448,493

389,067

133,115

121,691

119,506

Net income

1)

Earnings per share

Order book1)

Employees

2)2011 RESULTS

Net cash

EADS’ annual results improved in 2011, illustrating theGroup’s increasing momentum and progress towards
higher profitability.

Net cash stood at a solid € 11.7 billion after acquisitions.
It remains a strong asset for protecting the Company
and investing in the future.

Revenues

Order book

EADS’ revenues increased 7% to a new high of€ 49.1 billion, driven by record aircraft deliveries at Airbus
and increased commercial activity at Eurocopter.

EADS’ order book increased by 21% to a record€ 541.0 billion, mainly thanks to the higher level ofcommercial aircraft orders at Airbus.

EBIT*

EBIT* rose to € 1.7 billion (2010: € 1.2 billion), mainly due
to good performance in Airbus’ series programmes,
as well as at Eurocopter.
* Unless otherwise indicated, EBIT* figures presented in this report are Earnings
Before Interest and Taxes, pre-goodwill impairment and exceptionals.		
			1) EADS continues to use the term Net Income. It is identical with Profit for the period
attributable to equity owners of the parent as defined by IFRS Rules.
2) To be proposed to the Annual General Meeting.		
3) Contributions from commercial aircraft activities to EADS Order Intake and Order
Book based on list prices.				

IV

EADS
ANNUAL REPORT 2011

AT A GLANCE

1)

(€m)

2011

2010

Variation

Revenues

33,10329,978+10%

Self-financed R&D

2,482

2,321

+7%

584

305

+91%

Order intake

117,874

68,223+73%

Order book495,513400,400

+24%

EBIT*

Airbus Division comprises Airbus Commercial and Airbus
Military. Record deliveries lifted consolidated revenues 10% to€ 33,103 million. Consolidated EBIT* gained from operational
improvement, rising 91% to € 584 million.

In number of aircraft

2011

2010

Variation

Deliveries

534

510

+5%

Order book

4,437

3,552

+25%

Airbus Commercial revenues grew by 13% to € 31,159 million,
gaining from a better production volume and mix, while EBIT*
rose by 87% to € 543 million.

In number of aircraft

2011

2010

Variation

Deliveries

29

20

+45%

Order book

217

241

-10%

Airbus Military revenues fell 7% to € 2,504 million due to lower
revenue recognition for the A400M, while EBIT* increased
133% to € 49 million.
A380 and A400M

(€m)

2011

2010

Variation

Revenues

5,415

4,830

+12%

Self-financed R&D

235

189

+24%

EBIT*

259

183

+42%

Order intake

4,679

4,316

+8%

Order book

13,814

14,550-5%EUROCOPTER revenues increased 12% to € 5,415 million,
driven by recovery in the civil helicopter sector, while EBIT* grew
42% to € 259 million due to a favourable mix and operational
improvements.
EC175* Unless otherwise indicated, EBIT* figures presented in this report are Earnings Before Interest and Taxes, pre-goodwill impairment and exceptionals.
1) Airbus reports in two segments: Airbus Commercial and Airbus Military. Eliminations are treated at the Division level.

EADS
ANNUAL REPORT 2011

AT A GLANCEEADS group

EADS Division results reflect strong momentum in the commercial
aviation market, growth at Eurocopter and stable business at Astrium
and Cassidian, despite pressures on government budgets.

(€m)

2011

2010

Variation

Revenues

4,964

5,003

-1%

Self-financed R&D

109

85

+28%

EBIT*

267

283

-6%

Order intake

3,514

6,037

-42%

Order book

14,666

15,760-7%Astrium revenues were stable at € 4,964 million supported
by excellent programme execution, while EBIT* fell slightly
to € 267 million, weighed down by lower services activity,
acquisition expenses and a restructuring charge.
ATV

(€m)

2011

2010

Variation

Revenues

5,803

5,933

-2%

Self-financed R&D

275

251

+10%

EBIT*

331

457

-28%

Order intake

4,168

4,312

-3%

Order book

15,46916,903-8%

CASSIDIAN generated robust revenues of € 5,803 million.
EBIT* decreased in line with expectations to € 331 million,
reflecting higher self-funded R&D, a restructuring provision
and a negative programme charge.
Eurofighter

Other businesses 2)
(€m)

2011

2010

Variation

Revenues

1,252

1,182

+6%

10

10

0%

Self-financed R&D

59

25

+136%

Order intake

2,025

1,668

+21%

Order book

2,983

2,519

+18%

EBIT*

OTHER BUSINESSES revenues grew by 6% to € 1,252 million.
EBIT* more than doubled to € 59 million, with increases at ATR
and Sogerma.
ATR 72-500* Unless otherwise indicated, EBIT* figures presented in this report are Earnings Before Interest and Taxes, pre-goodwill impairment and exceptionals.
2) Other Businesses is not a stand-alone EADS Division.

Please refer to www.eads.com for further information

V

VI

EADS
ANNUAL REPORT 2011

AT A GLANCE/ Airbus commercial

A320 with “sharklets”

A330

A320 Family

Airbus’ family of single-aisle aircraft, based on the A320,
includes the A318, A319 and A321 derivatives and covers
the market from 100 to 220 seats. With over 4,800 aircraftin service at the end of 2011, the A320 family has proved
extremely popular with airlines, offering high standards of
comfort and economic performance. Airbus continues toinvest in the family. In 2011, Airbus’ new eco-efficient A320neo(new engine option) attracted 1,226 firm orders, making
it the fastest-selling commercial jet ever. The A320neo’s
combination of the latest engine technology and “sharklet”
wing tips will deliver fuel savings of up to 15%. Entry into
service of the A320neo is planned for 2015.
A330 FamilyWith 1,186 aircraft sold and 831 in service as of the end of
2011, the A330 family covers all market segments with one
twin-engine aircraft type and is designed to carry between

A350 XWB

250 and 300 passengers. Airbus also offers a cargo variant of
the A330, the A330-200F, designed to respond to the current
market dynamics of rising fuel prices, as well as a militarytransport / tanker variant (see Airbus Military). In 2011, Airbus
received 99 gross orders for the A330 aircraft family, anddelivered 87 to customers.
A350 XWBThe A350 XWB (extra wide body) family is an all new familyof mid-sized wide-body aircraft, designed to accommodate
between 270 and 350 passengers. The A350 XWB features
A380 technology, a wider fuselage than that of competing
new generation aircraft, and a greater use of composite
material. In 2011, the A350 XWB programme entered into
the manufacturing phase. The first major airframe sections
were delivered to the final assembly line in Toulouse at theend of 2011. Airbus had received a total of 555 firm orders
from 34 customers by the end of 2011.

EADS
ANNUAL REPORT 2011

AT A GLANCE

airbusAirbus Commercial is market leader in the sector for civil aircraft
seating 100 or more passengers. It offers airlines a highly competitive
range of advanced, fuel-efficient aircraft.

A330 Final Assembly Line, Toulouse, France

A380

A380

The twin-deck A380 is the most spacious and efficient large
aircraft in service today. Now approaching its fifth year ofcommercial service, the baseline aircraft has 525 seats
and offers passengers an unrivalled level of comfort while
delivering superior economic performance with lower fuelconsumption, less noise and reduced emissions. In 2011,
Airbus received 29 gross orders for the A380, and delivered
26 to customers. Overall, 67 aircraft had already enteredservice and the order backlog stood at 186 aircraft at theend of 2011.

2011 highlights
17 January
A320neostarts landmark year

5 october
Airbus bolsters services
activities

Virgin Airways announces thefirst firm order for the A320neo,
starting a year in which theeco-efficient aircraft wins
1,226 gross orders, becoming
the fastest-selling aircraft ever.

Airbus acquires Satair, aleading distributor of aviation
parts, increasing its
service-related business.

22 JuneAirbus wins record air
show orders
Airbus lands orders andcommitments worth
US$ 72.2 billion for a total of
730 aircraft from 16 customers,
setting a record for the numberof orders won at an air show.

VII

VIII

EADS
ANNUAL REPORT 2011

AT A GLANCE/ Airbus MILITARY

A330 MRTT

CN235

A330 MRTTThe A330 Multi Role Tanker Transport (MRTT) is the world’s
most advanced air-to-air refuelling aircraft. Its huge fuelcapacity means that no auxiliary tanks are needed to give
air-to-air refuelling performance that far exceeds its nearest
competitors. The entire cargo bay is available for freight.
The A330 MRTT can also be used as a pure transport
aircraft able to carry up to 380 passengers or a payloadof up to 45 tonnes. In 2011, Airbus Military delivered thefirst six A330 MRTT aircraft including four for the Royal
Australian Air Force.

C295

Including all variants, more than 260 CN235s have beendelivered since the beginning of the programme.
C295

The C295 has a basic configuration similar to the CN235, witha stretched cabin to airlift a 50% heavier payload at greater
speed over longer distances. The C295 has accumulated
110,000 flight hours in all kinds of environments: from arctic
areas to deserts. As of year’s end 2011, over 85 C295s had
been delivered to 14 operators from 13 countries.
A400M

CN235

The CN235 is a twin-engine turboprop transport aircraft. The
latest variant, the CN235-300, can transport a payload of up
to 6 tonnes, accommodating 36 paratroopers, 18 stretchersplus three medical attendants or over-sized loads such as
aircraft engines or helicopter blades. Variants of the CN235 areused for missions such as maritime patrol or pollution control.

Airbus Military’s A400M airlifter is a cost-effective, high-speed
turboprop aircraft specifically designed to meet the needs ofNATO nations and other international air forces, for a modern
airlifter that harnesses the latest aircraft technology. Poweredby four advanced turboprop engines, the A400M is capableof cruising speeds of up to Mach 0.72 and altitudes of up
to 37,000 feet. The A400M is designed for operations fromEADS
ANNUAL REPORT 2011

AT A GLANCE

airbusAirbus Military is responsible for the European heavy military transport
A400M programme, and produces and sells special mission aircraft
derived from existing aircraft platforms. It is a global leader for light andmedium-sized military transport aircraft.

A400M

unpaved runways, enabling it to deliver large payloads totactical forward bases or to evacuate a full complement ofrefugees or casualties from remote areas. Additionally, theA400M is fully equipped to perform air-to-air refuelling andcan serve as a receiver aircraft to take on fuel while in flight,
further extending its operating range. Final assembly of thefirst customer aircraft began in November 2011. The firstdelivery is due to be made to the French Air Force earlyin 2013. At the end of 2011, the total order backlog for the
A400M stood at 174 aircraft.

A400M Final Assembly Line, Seville, Spain

2011 highlights
1 JuneAustralia receives its
first A330 MRTTThe first new-generation
A330 Multi Role Tanker
Transport (MRTT) aircraft
is formally delivered to theRoyal Australian Air Forcein Queensland, Australia.
8 JuneFirst flight ofrotodome-fitted C295
The first C295 with an airborne
early warning and command
rotodome completes its maiden
flight in Seville, Spain.

23 November
A400M final assembly starts
Airbus Military begins final
assembly of the first A400M
advanced military airlifter fordelivery to a customer, taking
delivery of the fuselage at the
final assembly line in Seville,
Spain.

IX

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EADS
ANNUAL REPORT 2011

EC225

AT A GLANCE

NH90

EC225/EC725

The EC225 is a high-performance twin-engine helicopter
in the 10-11 tonnes category. It seats up to 19 passengers,
with the latest technologies that make it a leader in the fieldof flight safety. The EC225 is recognised as the reference
for offshore and passenger transport missions, as well as
search and rescue (SAR) operations. Its military twin, theEC725, is in service with the French Army and Air Force. In
2011, Eurocopter won several major orders for the EC225.
NH90

Designed for modern multi-mission capabilities and costeffectiveness throughout its lifecycle, the NH90 has beendeveloped as a multi-role helicopter for both tactical transport(TTH) and naval (NFH) applications. The programme
is a co-development with Agusta-Westland and Fokker
Aerostructures within NATO Helicopter Industries (NHI).
Eurocopter’s share of NHI is 62.5%. As of the end of 2011,Tiger

the NH90 programme had received 529 firm orders from
14 nations. There were 32 NH90 deliveries in 2011, for a
cumulative total of 100 deliveries as of the end of 2011.
Tiger

The Tiger is a medium-weight, air-to-air combat and firesupport helicopter, with twin engines. It includes four variants,
which have been ordered by France, Germany, Spain andAustralia. The Tiger has been deployed in Afghanistan by
the French Armed Forces since 2009 with three helicopterspermanently on site. There were 16 Tiger deliveries in 2011,
for a cumulative total of 86 deliveries as of the end of 2011.
EC145 T2

The EC145 T2 is the newest light twin-engine, multi-purpose
helicopter in the Eurocopter product range, evolved fromthe popular EC145. It combines Eurocopter’s breakthroughtechnologies, such as advanced cockpit design, modernEADS
ANNUAL REPORT 2011

AT A GLANCE

Eurocopter

Eurocopter is a global leader in the civil and military helicopter market,
offering one of the most extensive and modern ranges of helicoptersand related services. Overall, the Division’s products account for 33%
of the total world civil and parapublic helicopter fleet.

Eurocopter’s civil range

avionics, optimised autopilot and the fenestron tail rotor.
With deliveries to begin in 2013, the aircraft can accommodate up to 12 seats and can be configured for either one or
two pilots.
EC175

A joint development and production programme between
Eurocopter and AVIC II Corporation of China, the EC175 is amulti-role civil helicopter in the 7-tonne category. The EC175
can carry 16 passengers to a range of action of 135 nautical
miles when configured for offshore oil and gas missions,outperforming any medium-lift helicopter on the market interms of competitiveness. For longer-range missions, theEC175 can carry 12 passengers up to 190 nautical miles.
In addition, Eurocopter has launched the development ofan 18 passenger configuration option for a radius-of-actionof 100 nautical miles. EC175 deliveries are scheduled to
begin in late 2012.

EC155 Final Assembly Line, Marignane, France

2011 highlights
16 MayX3 helicopter exceeds
speed target
The innovative Eurocopter
X3 fixed-wing helicopter
demonstrator pushes theboundaries in helicopter flightby achieving an air speedof 430 km/h, surpassing its
original target.
30 JuneEurocopter makes services
acquisition
Eurocopter acquires Vector
Aerospace, a leading provider
in aviation repairs and overhaul
services, marking EADS’ push
into aerospace services.

4 OctoberFirst hybrid helicopter flies
Eurocopter flies the world’s
first helicopter combining aninternal combustion engine andan electric motor.

XI

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EADS
ANNUAL REPORT 2011

ATV-2

AT A GLANCE

MetOp

DirecTV

ATV

Astrium is the prime contractor for the development andconstruction of the Automated Transfer Vehicle (ATV)
cargo carrier, designed to carry fuel and supplies to theInternational Space Station (ISS), and to provide re-boost
capacity and a waste disposal solution. The first ATV “Jules
Verne” was launched in 2008. The second ATV “Johannes
Kepler” was launched from Kourou, French Guiana, inFebruary 2011 and docked with the ISS a week later. The
third ATV “Edoardo Amaldi” was launched and successfully
docked with the ISS in March 2012.
Services

Astrium offers innovative, tailored solutions in the fields of
secure communications, Earth observation and navigation
services. In 2011, Astrium Services acquired Vizada, a leading

independent provider of global satellite communications
services. Vizada has more than 700 employees serving
200,000 end-customers across sectors such as maritime,
aero, land, media, non-governmental organisations andgovernment/defence.
Eurostar 3000

Astrium Satellites produces telecommunication satellites
which have multiple applications, such as long-distance andmobile telephone links, television and radio broadcasting,data transmission, multimedia and Internet trunking. They
may be used for civil or military applications. Astrium’s
geostationary telecommunication satellites are based on theEurostar family platforms (67 ordered as of year-end 2011),
the latest version of which is Eurostar 3000.

EADS
ANNUAL REPORT 2011

AT A GLANCE

astrium

Astrium is the third largest space systems manufacturing company
in the world and the leading supplier in Europe. It designs, develops
and manufactures satellites, orbital infrastructures and launcher
systems and provides space services.

Ariane 5

Ariane 5

Ariane 5 is a heavy-lift satellite launcher, with a payload ofup to ten tonnes. Since becoming operational in 2005, it
has proved reliable and flexible, with 46 successful launches
in succession up to the end of 2011. Astrium is the soleprime contractor for the Ariane 5 system and is the largest
industrial shareholder in Arianespace, which markets andsells the Ariane 5 worldwide and carries out launches fromthe Guiana Space Centre in Kourou, French Guiana. Astrium
is prime contractor for future developments on Ariane 5,
starting with the development of the Ariane 5 ME (Midlife
Evolution) launcher, which will provide an increased payload
capacity of up to 12 tonnes.

ATV integration, Bremen, Germany

2011 highlights
16 February
Perfect space rendezvous
for second atv

19 december
Astrium expands its
services business

After a flight of 4 million
kilometres, Astrium’s second
unmanned supply vehicle
built for the European Space
Agency docks with theInternational Space Station.

Astrium acquires the Vizada
satellite services business,increasing its services businessin size and global presence.

1 December
New Ariane 5 launcher
approved
The European Space Agency
approves Astrium’s designfor the new Ariane 5 Midlife
Evolution satellite launcher.

XIII

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EADS
ANNUAL REPORT 2011

TRGS radar

AT A GLANCEEuro Hawk

Security solutions

Security solutions

Missile systems

Cassidian is a leading provider of digital professional mobile
radio (PMR) and secure networks with more than 200 networks
delivered in 67 countries. Its solutions for PMR enableprofessional organisations in various areas – such as public
safety, civil defence, transport and industry – to communicate
effectively, reliably and securely. Cassidian’s PMR solutions
helped to secure events like the Olympic Games in Beijing,
China, the soccer World Cup in South Africa and in November
2011 the G20 summit held in Cannes, France.

MBDA, a joint venture between EADS, BAE Systems andFinmeccanica, is responsible for missile systems within
Cassidian. The broad range of MBDA products covers all six
principal missile system categories: air-to-air, air-to-surface,ground-to-air, surface-to-air, anti-ship and surface-tosurface. Programmes currently under development include
the Aster PAAMS naval air defence system and the METEOR
air superiority missile system.
Unmanned Aerial Systems (UAS)

RadarsCassidian is heavily involved in the technological development
and application of next-generation active electronicallyscanning radars for air, naval and ground applications.
The Tactical Radar Ground Surveillance System (TRGS) is
specially designed for reliably detecting movements bothon the ground and in the air close to the ground. TRGS isintended for mobile use on armoured vehicles.

In the field of UAS, Cassidian provides tactical systems such
as Tracker and ATLANTE, medium-altitude long endurance(MALE) systems, such as Harfang, and the high-altitude long
endurance (HALE) system Euro Hawk. A co-developmentwith Northrop Grumman, the Euro Hawk successfully
performed its ferry flight from California, USA to Germany in
July 2011. Following this flight, the signal intelligence systemdeveloped by Cassidian was successfully integrated in
Manching, Germany.

EADS
ANNUAL REPORT 2011

AT A GLANCE

CassidianCassidian is a worldwide leader in global security solutions andsystems, providing lead systems integration and value-added products
and services to civil and military customers around the globe.

Eurofighter

Eurofighter

Eurofighter, known as “Typhoon” in export markets outside
Europe, is a network-enabled, extremely agile, multi-rolecombat aircraft optimised for swing-role operations incomplex air-to-air and air-to-surface combat scenarios.
Participating countries in the Eurofighter programme include
the UK, Germany, Italy and Spain. As of 31 December 2011,
472 aircraft were firmly on order within the core programme(with an additional 87 for export) and a total of 315 aircraft
were delivered (including 38 aircraft in 2011), with productionof tranche 3a secured until 2017.

Eurofighter Final Assembly Line, Manching, Germany

2011 highlights
28 February
System integration successCassidian joint venture
EMIRAJE Systems LLC winsa contract for the first phaseof the United Arab Emirates
Command and Control System.
21 JulyEuro Hawk completes
transatlantic crossing
The first Euro Hawk unmanned
aircraft for the German armed
forces, jointly produced by
Cassidian and Northrop
Grumman, touches down in
Manching, Germany.

18 October
Eurofighter delivery
milestone
Cassidian delivers the 300th
Typhoon to the Spanish Air
Force, making the Eurofighter
the only new-generation, multirole fighter aircraft to have sucha large fleet in service.

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EADS
ANNUAL REPORT 2011

AT A GLANCEOTHER BUSINESSESOTHER BUSINESSESATR 42-600

UH-72AEADS North America

ATR

EADS North America, headquartered in Herndon, Virginia,
offers a broad array of advanced solutions for fixedand rotary-wing aircraft, homeland and cyber security,
telecommunications, defence electronics, avionics andservices. It is prime contractor for the US Army’s UH-72A
Light Utility Helicopter. In 2011, EADS North America received
a contract to supply the TRS-3D radar for use on board of
US Navy Littoral Combat Ships.

ATR is a world leading manufacturer of advanced 50- to
74-seat regional turboprop aircraft. ATR is a joint ventureand equal partnership between EADS and Alenia Aermacchi(Finmeccanica Group). ATR’s family of highwing, twinturboprop aircraft are designed for optimal efficiency,
operational flexibility and comfort. A family upgrade waslaunched in October 2007, with first deliveries of the new-600 series of aircraft taking place in 2011.
In 2011, ATR delivered 54 new aircraft and recorded
119 net orders. As of 31 December 2011, ATR had a backlogof 224 aircraft.

EADS
ANNUAL REPORT 2011

AT A GLANCEGLOBAL SALESGLOBAL SALES

42%

1)

Europe12%1)N orthAmerica29%

1)Asia and
OCEANIA10%1)

middle east

7%

1)

rest ofthe world

1) Of Group revenues.

€m

2011

Revenues

20,654

Order intake

17,218Order book

119,368€m

2011

Revenues

5,852

Order intake

35,045

Order book

94,758€m

2011

Revenues

14,303

Order intake

67,313

Order book

181,872€m

2011

Revenues

5,111

Order intake

2,061

Order book

103,029€m
Revenues

2011

3,208

Order intake

9,390

Order book

41,951EADS is a partner of choice to European customers on a wide range of advanced programmes.
European airlines are amongst Airbus’ major
customers. Astrium is prime contractor to ESA
for the Ariane 5 launcher. Cassidian is a leading
partner in the Eurofighter programme.

EADS is a leading supplier and industrial
partner in North America for civil aviation as
well as government programmes such as
the Lakota Light Utility Helicopter for the US
Army. In 2011, Astrium achieved an important
breakthrough on the commercial satellite
market, winning a contract with television
service provider Directv.
Asia accounts for 37% of Airbus Commercial
backlog. In 2011, Eurocopter boosted its
presence in the region through the creationof a joint venture in Kazakhstan. Also in 2011,
the Royal Australian Air Force received its
first four A330 MRTT aircraft.

Middle East airlines are important Airbus customers and significant breakthroughs havebeen made in new fields such as border surveillance or air-to-air refuelling aircraft. In 2011,
EMIRAJE Systems, a Cassidian joint venture,
won a contract for the first phase of the United
Arab Emirates command and control system.

Amongst other regions, Latin America offers
numerous commercial and industrial opportunities. EADS is seeking to develop strategic
partnerships with Brazil in space, defence andsecurity domains. In 2011, Eurocopter began
construction of a new facility in Mexico.

XVII

XVIIIEADSANNUAL REPORT 2011

AT A GLANCEEADS Shares
In 2011, EADS was by far the best performer of the CAC 40, andsecond- best amongst MDAX stocks. Over the course of the year
EADS shares gained 38% while the CAC 40 fell -17%, the DAX fell
-15% and the MSCI aerospace sector rose 1.4%. In a turbulent market
environment, EADS benefited from brisk order flow, robust fundamentals
and growing confidence amongst investors that its major programmes
are progressing, despite existing risks.
Up to mid-February 2011, EADS shares followed the positive market trend with general
optimism about the global economy further supported by analysts’ upgrades and news flowon potential orders. The share reached a peak of € 22.03 on 16 February, before retreatingwith the general market as fears grew for oil supply in Libya. Having closed at € 18.60 on
16 March following the Japanese catastrophe, the EADS share began a steep climb, driven
by huge orders during and after the Paris Air Show, reaching a peak of € 25.04 on 25 July.
At this time, concerns about sovereign debt escalated, spilling over into fears for the banking
system as a whole.
EADS shares fell to € 19.81 on 8 August in the wake of a general market crash. After aperiod of high volatility, the EADS share progressed again from the end of November after
the Group increased its guidance on the main financial drivers of 2011 and adjusted theschedule of the A350 XWB programme. Investors felt increasingly confident about EADS’prospects, while the dollar strengthened against the euro.
On 30 December 2011, the EADS share price closed at € 24.15.

ProfileN umber of shares

as of 31 December 2011

H
 igh in 2011 on Paris
Stock Market: on 25 July

820,482,291€ 25.04

ISIN code

NL0000235190
Please refer to www.eads.com
for further information

L ow in 2011 on Paris

Stock Market: on 3 January€ 17.79

EADS
ANNUAL REPORT 2011

AT A GLANCEEADS SHARESXIXSHARE PRICE EVOLUTION as of 31 December 2011

Base 100
100 asasof
ofx2January
January2009
2009

EADS
EADSshareshare priceprice in €

2009

200

2010

2011
25

180
160

20

140
120

15

100
80

10

60
40

5

J F M A M J J A S O N D
EADSCAC 40MSCI World Aero/Defence(in €, adjusted daily US $/€ rate)

SHAREHOLDER STRUCTURE as of 31 December 201122.35%

Sogeade (Lagardère and French state holding company Sogepa)

22.35%

Daimler*

5.45%

SEPI (Spanish state holding company)

0.06%

Shares held out of the contractual partnership by the French state

49.35%

Institutional, retail and employee ownership

0.45%

Treasury shares (without economic or voting rights)* On 9 February 2007, Daimler reached an agreement with a consortium of private and public-sector investors by which it effectively reduced its shareholding
in EADS by 7.5%, while retaining its voting rights over the entire 22.5% package of EADS shares at the time of the transaction.

EXE_EADS_AT_glance_2011.indd 19

07/05/12 13:59

XX

EADS
ANNUAL REPORT 2011

AT A GLANCEEADS MANAGEMENT Structure
as of 1 April 2012

GROUP FUNCTIONS

Chief Financial Officer
Hans Peter Ring
Corporate Secretary
Pierre de Bausset

Board of Directors
Chief Strategy
and Marketing Officer

Chairman:Bodo Uebber

Marwan Lahoud

Legal Department
Peter Kleinschmidt

Louis Gallois
Rolf Bartke
Human Resources

Dominique D’Hinnin
Juan ManuelEguiagaray Ucelay
Arnaud Lagardère

Jussi Itävuori

Corporate
Communications
Pierre Bayle

Chief Executive Officer
Louis Gallois

Hermann-Josef Lamberti

EADS North America

Compliance Office

Sean O’Keefe

Pedro Montoya

Chief Technical Officer

Political Affairs
François Desprairies (FR)Ditmar Staffelt (GE)Jacinto G. Palacios (SP)Lakshmi Mittal
Sir John Parker
Michel Pébereau
Wilfried Porth

Jean Botti

E xecutive
Committee Member

Coordination Spaceand Defence
François Auque

The Board actively shapes the Group’s mission and strategic priorities, which are implemented under the leadershipof the Chief Executive Officer (CEO), who provides the impetus for major operational initiatives. Group functions
and the Divisions operate under the leadership of the CEO.

EADSANNUAL REPORT 2011

AT A GLANCEEADS MANAGEMENT Structure

OPERATING COMPANIESDIVISIONSEADS Sogerma (2)ATR

Jean-Michel Léonard

Filippo Bagnato

AirbusPremium Aerotec (3)Elbe Flugzeugwerke (3)Thomas Enders (CEO)Kai Horten

Andreas Sperl

FabriceBrégier (1)(COO)

Aerolia (3)Airbus Military
DomingoUreña-Raso

Christian CornilleEurocopter
Lutz Bertling

Astrium

Astrium Satellites

Astrium Services

François Auque

Evert Dudok

Eric Béranger

Astrium SpaceTransportation
Alain Charmeau

Cassidian

MBDA

Stefan Zoller

Antoine Bouvier

The four Divisions – Airbus, Eurocopter, Astrium and Cassidian – serve the specific needs of their respective
customers, while the Group functions enhance the Company offering through information exchange, technology sharing
and working practice synergies.
1) R esponsible as Executive Committee Member, of a permanent Group-wide mission to ensure EADS enhanced operational performance.
2) 100% EADS owned, controlled by EADS.
3) 1
 00% EADS owned, management delegated to Airbus.

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