H1 2008
Earnings
Conference Call, 30th July 2008

Louis Gallois
CEO

Hans Peter Ring
CFO
1

Safe Harbor Statement

Certain of the statements contained in this document are not historical facts but rather are statements of future expectations and other forward-looking
statements that are based on management‘s beliefs. These statements reflect the Company‘s views and assumptions as of the date of the statements
and involve known and unknown risk and uncertainties that could cause actual results, performance or events to differ materially from thoseexpressed or implied in such statements.
When used in this document, words such as “anticipate”, “believe”, “estimate”, “expect”, “may”, “intend”, “plan to” and “project” are intended to identify
forward-looking statements. Such forward-looking statements include, without limitation, projections for improvements in process and operations, newbusiness opportunities, revenues and revenues growth, operating margin growth, cash flow, deliveries, launches, compliance with delivery schedules,
performance against Company targets, new products, current and future markets for the Company products and other trend projections.
This forward looking information is based upon a number of assumptions including without limitation:• Assumption regarding demand• Current and future markets for the Company‘s products and services• Internal performance including the ability to successfully integrate EADS‘ activities to control costs and maintain quality• Customer financing• Customer, supplier and subcontractor performance or contract negotiations• Favourable outcomes of certain pending sales campaigns
Forward looking statements are subject to uncertainty and actual future results and trends may differ materially depending on variety offactors including without limitation:• General economic and labour conditions, including in particular economic conditions in Europe and North America,• Legal, financial and governmental risk related to international transactions• The cyclical nature of some of the Company‘s businesses• Volatility of the market for certain products and services• Product performance risks, and programme development and management risks• Collective bargaining labour disputes• Factors that result in significant and prolonged disruption to air travel world-wide• The outcome of political and legal processes, including uncertainty regarding government funding of certain programs• Consolidation among competitors in the aerospace industry• The cost of developing, and the commercial success of new products• Exchange rate and interest rate spread fluctuations between the Euro and the U.S. dollar and other currencies• Legal proceeding and other economic, political and technological risk and uncertainties
The Company disclaims any intention or obligation to update these forward-looking statements. Consequently the Company is not
responsible for any consequences from using any of the below statements.
Additional information regarding these factors is contained in the Company‘s “registration document” dated 24th April 2008

2

1

Content
Group Highlights
Financial Highlights
Divisional Performance
Guidance3

H1 2008 Key Business Highlights
Airbus•H1 - 487 net orders (excludes Farnborough); 3,663 a/c in backlog; 245 deliveries including 4 A380;
6 A380 delivered to date, including the first A380 delivered to Emirates in July
• Farnborough success! 247 firm orders + 9 commitments, of which 98 A350 XWB•

MTA• A400M: Roll out in June, Flying Test Bed in the coming weeks, 1st flight in autumn• US Tanker contract re-opened based upon GAO points, decision before year-end

Eurocopter• 475 orders booked in H1 2008; record backlog : 1,609 units;• Successful ramp-up: 254 deliveries including 14 LUH and 9 NH90

Astrium• Galileo : Simplification of structure; Giove-B transmitting 1st signals• Successful launch of 3rd Skynet 5 satellite completes constellation• Ariane 5 - 26th successful launch

Defence & Security• Progressing in UAV: SIDM UAV flight acceptance & first batch of 25 DRAC in France• Aerodrome surveillance contract for German military airfields
42Power8 targets are well under way
Develop Faster•

Governance and reporting system in place; focus on Engineering Centres, Engineering
Services and Work-Package approach

Smart Buying•

Significant progress towards a global sourcing strategy; significant progress in redesign
to cost activities; rationalisation of logistics and transportation across Europe•

Value stream mapping completed in all plants; action plans launched•

Reduce Overheads ~40% of Airbus internal workforce headcount reduction target
achieved; structural plans in place to deliver on 2010 targets•

High level of maturity on financial working capital and capex control; Cash behaviour
improvement plan in place•

Site divestment strategy is maintained;

Lean
Manufacturing
ReduceOverhead
Costs
Maximise
Cash
ReshapeIndustrial Footprint–

Streamline FAL
Focus on Core•

Sale of Laupheim to Diehl/Thales nearing completion; Aerostructures carve-out progressing inFrance and Germany; GKN negotiations ongoing

Lead time reduction advances across series programmes

2010 target contribution confirmed, H1 EBIT Contribution of around €400m
5Power8 PLUS
• Expanding current Power8 initiatives beyond €2.1bn after 2010
• Expanding a global footprint for engineering and manufacturing• Internationalisation of future costs• All divisions to contribute

Expand Power8
Boost existingPower8 modules
with a new
approach

Global Footprint
Industrial
Engineering
R&D

Internationalise
future costs

POWER8PLUS€1bn

Potential additional savings - €1bn across EADS in 2011-2012
63

Content
Group Highlights
Financial Highlights
Divisional Performance
Guidance

7

H1 2008 Financial Highlights **H1 2008

H1 2007change

19.7

18.4

+8%

4.0

3.3

+19%

EBIT*

1.16

0.36

-

Order intake

51.2

70.1

-27%

June 2008

Dec. 2007change

354.2

339.5

+4%

57.7

54.5

+6%

in €bn
Revenuesof which Defencein €bnTotal Order book***of which Defence*

pre goodwill impairment and exceptionals** MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted*** Order book based on list prices

84

H1 2008 EBIT* Before One-off•

A380 programme review financial assessment:– Delivery assumptions: consistent with May disclosure– Revised assessment includes penalties and over costs– 2008 charge : Adjustment to Loss Making Contract (LMC) provision -€715M

in €M

EADS

AirbusEBIT*
THEREOF :

1,158

712

(715)

(715)

- Revaluation of all LMCs at end of June spot (700)(700)- Temporary excess volume of hedging

300

300

- Other one-off

277

277

1,996

1,550

- A380 LMC adjustment for revised schedule

EBIT* before one-off*

9

pre goodwill impairment and exceptionals** MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

H1 2008 Financial Highlights
H1 2008€m

in % of
Revenues

EBIT*

1,158

self-financed R&D**

1,130

EBIT* before R&D

H1 2007***€m

in % of
Revenues

5.9%

358

2.0%

5.7%

1,266

6.9%

2,288

11.6%

1,624

8.9%

Interest result(10)(0.1%)(109)(0.6%)

Other financial result(482)(2.4%)(108)(0.6%)

Taxes

(232)

(1.2%)(31)(0.2%)

403

2.0%

71

0.4%

Net income
EPS (1)0.50 €

0.09 €(1) Average number of shares outstanding: 805,297,126 in H1 2008; 802,298,558 in H1 2007
* pre goodwill impairment and exceptionals** IAS 38: € 50 m capitalised during H1 2008; € 50 m capitalised during H1 2007*** MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

105Retaining upside through option hedging• The US Dollar at an all time low• Hedging rates are deteriorating, hurting our future profitability

Decision taken:• Proportion of options in the hedging portfolio increased• Upside captured from potential strengthening of US Dollar• Purchased around $7bn in plain vanilla options to the end of June

– with a maturity between 2010 and 2012
• H1 accounting impact:– premium paid capitalised in “other assets” and expensed in “otherfinancial result” over time (H1 2008 : -€7m)– cash outflow - payment of premium in change in working capitalaround -€200m
11

Currency Hedge Policy• Approx. half of EADS’ US$ revenues naturally hedged by US$ procurement.
• In H1 2008 hedges of $ 9.5 bn* matured at an average hedge rate of 1€ = 1.16 $• In H1 2008, new hedges of $ 17.2 bn* were added at an average rate of 1€ = 1.50 $EADS hedge portfolio, 30th June 2008($ 59.0 bn*), average rate 1€ = 1.35 $ and 1£ = 1.74 $US$ bn

20

17.7
15.5

15
10

11.3
6.9
4.8

5

1.9

0.9

0
2008

2009

2010

2011

2012

2013

2014+

1.25
1.66

1.39
1.77

1.45
1.87

1.46
1.93

1.46
1.85

1.48
1.85

Remaining
6 month€ vs $£ vs $

1.21
1.58

Mark-to-market value = € 5.2 bn* Total hedge amount containing only US $ sold ( € : $ as well as £ : $ hedges )126

Development of Net Cashin € m

H1 2008

H1 20073

Net cash position at the beginning of the period

7,024

4,229

Gross Cash Flow from Operations1
Change in working capital4
Cash used for investing activities2

2,437
(690)
(704)

2,294
(1,690)(671)

of which Industrial Capex (additions)of which Customer Financingof which Others5

(669)
81
(116)

(941)
(38)
308

Free Cash Flow2

1,043

(67)

Free Cash Flow before customer financing

962

(29)

Capital increase
Dividend
Disposal (purchase) of treasury shares
Others

0
(101)
39
81

42
(97)
(8)
(171)

Net cash position at the end of the period

8,086

3,928

1)

gross cash flow from operations, excl. working capital change

2)excl. change in securities, consolidation changes

3)

MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

4)

Including cash-outflows of €200m for option premiums

5)

Including cash-outflows for the acquisition of Plant CML

13Content
Group Highlights
Financial Highlights
Divisional Performance
Guidance

14

7

Airbus€m

H1 2008 H1 2007

Deliveries
Revenues
R&D self-financed**
in % of revenues
EBIT*
in % of revenues
Order book***in units, excl. A400M

245
13,586
931
6.9%
712
5.2%
294,790
3,663

231
12,889
1,070
8.3%
19
0.1%
251,743
2,925

Net order intake: 487 a/c

EBIT* strong recovery compared to H1 2007
• Power8 Savings• Strong performance in underlying business• No more A350 or restructuring charges• but increasing A380 LMC provision(€715m versus €150m in H1 2007)

63% Legacy

42% Asia Pacific
19% Lessors

5% Others

4% North America

22% Lessors

12% Latin America
8% RoW• Price deterioration above €200m• Negative dollar impact of €650m(see EBIT* bridge slide in appendix)

10% Low cost

15% Europe
Gross Orders by region

Revenues up 5%• Driven by 4 A380 deliveries; growth in SA
deliveries (+18 a/c); A400M Power on revenue
recognition but• Impacted by dollar and price deterioration

Gross orders by operator type

* pre goodwill impairment and exceptionals** capitalised R&D: € 14 m in H1 2008 and € 9 m in H1 2007*** total including A400M, commercial a/c valued at list prices

Other highlights : Internationalisation• China: shipping A320 parts to China FAL, JV for
Aerostructures Composites Manufacturing
Centre• Multi-facet supplier agreement with Mubadala• VSMPO – long term titanium supply contract 15

MTA
H1 2008 H1 2007

€m
Revenues
R&D self-financed
in % of revenues
EBIT*
in % of revenues
Order book

898
3
0.3%
(20)

307
10
3.3%
(29)

23,173

20,256

94% Defence

based on H1 2008 EADS external revenues*

pre goodwill impairment and exceptionals

Revenues:• Improvement driven by A400M Power-on
milestone, Tanker and M&L Activity
EBIT*:• Loss driven by a temporary delay in Medium
and Light deliveries
Tanker:• US bid re-opened based on 8 GAO points• No specific US Tanker related activity
ongoing
A400M:• Roll-out in Seville• Flying Test Bed within the coming weeks• First Flight in Autumn• Preparatory work for ILS campaign
Order Intake above €4bn
• driven by FSTA and Saudi Arabia MRTT
16

8

Eurocopter
H1 2008 H1 2007

€m
Revenues
R&D self-financed
in % of revenues
EBIT*
in % of revenues
Order bookin units

1,795
56
3.1%
104
5.8%
14,592
1,609

1,644
38
2.3%
35
2.1%
13,7301,346

54% Serial
Helicopters

46% Defence

33% Product Support
Customer Services

54% Civil

13% Dev. & otherbased on H1 2008 EADS external revenues*

Revenues up 9%• 254 h/c delivered vs. 209 h/c in 07
EBIT* explained by• Favourable volume, partially offset by foreignexchange impact and higher R&D• H1 2007 exceptional charge for the NH90
Backlog remains at record level• 12 NH90 for French DGA booked in Q2 2008
Business highlights• Expansion in services• Acquisition of German MRO company
Motorflug Baden-Baden, pending antitrust agreement• Retrofit business success in Germany• NH90 - improved programme structure;- 9 deliveries in H1 2008
• Production ramp up of UH72A in Columbus
17

pre goodwill impairment and exceptionals

Astrium
Revenues up 20%

H1 2008 H1 2007 • Driven by Paradigm services and increased€m
Revenues
R&D self-financed
in % of revenues
EBIT*
in % of revenues
Order book

1,701
31
1.8%
88
5.2%
12,77032% Defence

46% Spacetransportation
19% Services

68% Civil

based on H1 2008 EADS external revenues*

pre goodwill impairment and exceptionals

Ariane 5 production

1,420• Growth trend remains on track
34
2.4% EBIT* almost double
47 • Driven by ramp-up of Paradigm Services andoperational improvements in Space
3.3%
Transportation
13,12535% Satellites• Partially offset by weak GBP:€ exchange rate
impactStrong order intake• Earth Observation contracts:
Sentinel-2 and EarthCARE• ESA Service Agreement (€275M) for ISS

Major achievements• Significant progress in Galileo• 3rd Skynet V Satellite launched, constellation
complete• Paradigm: 1st US Contract18

9

Defence & Security
H1 2008 H1 2007** Revenues up 5%€m
Revenues
R&D self-financed

2,167
76

2,063
81

in % of revenues

3.5%

3.9%

EBIT*

134

70

in % of revenues

6.2%

3.4%

Order book

17,962

16,486• Growth in Eurofighter and Defence Electronics• Consolidation of Plant CML (+ 18m€)
EBIT* explained by• Operating improvement across all business,
especially missiles and Eurofighter activities• Favourable mix in H1• Reduction of cost structure

Order intake above € 2.3bn• New export contracts in Secure Networks
and MBDA
37% Military Air Systems • High level of orders in Defence Electronics

16% Defence Electronics
27% DCS
97% Defence

20% MBDA

Further highlights• UAV success – SIDM and DRAC
• German military aerodrome surveillance radar• GFD air service 5-year order

based on H1 2008 EADS external revenues* pre goodwill impairment and exceptionals** H1 2007 after MBDA consolidation change from 50% to 37.5% and EADS North America figures included in Other businesses

19

Other Businesses
H1 2008 H1 2007

€m
Revenues
R&D self-financed
in % of revenues
EBIT*
in % of revenues
Order book

688
6
0.9%
35
5.1%
2,990

39% ATR

668
4
0.6%
45
6.7%
2,295

Overall• Revenues and EBIT roughly stable• EADS North America in Other businesses
Sogerma• New seat orders from Thai Airways andEtihad• Awarded A350 pilot seats contract
ATR• 7 firm orders; Record backlog of 180 units• 22 Deliveries

15% EADS NA
22% Sogerma
85% Civil
10% EFW
14% Socata

based on H1 2008 EADS external revenues*

pre goodwill impairment and exceptionals

EFW• A320-A321 Freighter Conversion subsidiary:shares sold and assigned to partners Airbus(18%), Irkut and UAC (25% each)
Socata• TBM: 47 orders, 21 deliveries• Exclusive negotiations with DAHER
20

10Content
Group Highlights
Financial Highlights
Divisional Performance
Guidance

21

2008 Guidance
New orders• Above 850 new aircraft orders at Airbus

Revenues• EADS revenues above € 40 billion• Based on around 470 Airbus aircraft deliveries

EBIT*• EADS EBIT* at € 1.8 billion at end of 2008 closing spot rate of 1.45 USD per Euro• Earnings fluctuation with year-end closing spot rate assumption due to Airbus’balance sheet sensitivity to € : $ exchange rate

Free Cash Flow
• EADS FCF before customer financing above €1 billion

22*

pre goodwill impairment and exceptionals

11Appendix
23

H1 2008 EADS EBIT* Bridge
0,1

0.1

~0

in bn €

0,5

(0.6)

(0,7)

0.6

0,7
1.1

0,4
H1 2007

No 2007
No A350
Power8launchrestructuring charges

No NH 90 A380 revised Operating Other one-off
exceptional
LMC
performancechargeDollar impact on EBIT* ( in bn €)• Revaluation of Airbus LMC provisions(€ : $ 1.47 to 1.58)• Temporary excess volume of matured hedges• Deterioration of hedge rates (€ : $ 1.09 to 1.13)
out of which Airbus• Other one-off forex effect including PDP reversal

R&D

Dollar impact H1 2008

BRIDGE(0.70)
0.30(0.30)~(0.25)0(0.70)

24

12

Profit & Loss Highlights
H1 2008

H1 2007***in % of€m

Revenues€min % of
Revenues

Revenues
self-financed R&D**
EBITDA*EBIT*
EBIT* before R&D

19,739
1,130
1,944
1,158
2,288

5.7%
9.8%
5.9%
11.6%

18,356
1,266
1,141
358
1,624

6.9%
6.2%
2.0%
8.9%

Interest result
Other financial result
Taxes

(10)
(482)
(232)

(0.1%)(2.4%)(1.2%)

(109)
(108)
(31)

(0.6%)(0.6%)(0.2%)Net income
EPS (1)403
0.50 €

2.0%

71
0.09 €

0.4%

*
**
***
(1)

pre goodwill impairment and exceptionals
IAS 38: € 50 capitalised during H1 2008; € 50 m capitalised during H1 2007
MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted
Average number of shares outstanding: 805,297,126 in H1 2008; 802,298,558 in H1 200725

Shareholding structure
Balance of control in corporate governance remains unchanged
Contractual Partnership
SOGEADE
Lagardère&
FrenchState

SEPI

25.02%*

5.49%
53.03%

Free float

Daimler

22.52%**

incl.
Minor direct holdings:
French State:
0.06%
Treasury shares 0.55%

46.97%

as of 30th June 2008EADS*

On April 4, 2006, Lagardère issued mandatory exchangeable bonds. The EADS shares deliverable at the maturity of the bonds will
represent a maximum of 7.5% of the share capital of EADS. Lagardère converted 2.5% out of the 7.5% in June 2007 and a further 2.5% inJune 2008.
** On February 9, 2007, Daimler reached an agreement with a consortium of private and public-sector investors through which it will reduce 26
its shareholding in EADS by 7.5%.

13

Expected EADS Average Hedge Rates€ vs. $
1.30

1.20

1.17

1.21

1.21

1.21

1.20

Q3

Q4

1.15

1.10
1.10

1.11

Q1

Q2

1.18

1.00
FY

2007
2008e
Average FY 2008e27

Airbus Customer Financing
Active exposure management
Additions and Disposals
to Airbus customer financing gross exposure in $ bn
Additions2.5

Sell Down

Net Exposure fully
provisioned

Amortization

1.5
1.5

1.2

1.5

1.4

0.5

0.6

-0.5

(0.7)

-1.5

(0.2)

1.0
0.5

(0.9)

(0.7)

(0.1)

(0.2)

(0.2)
(0.7)

(0.3)

0.8

(1.3)
(1.0)

Gross
(0.2)
(0.1)

(2.2)

(0.3)

(1.1)

Exposure

Net
Exposure€ 0.5 bn

€ 0.8 bn

(0.1)

(0.2)

(2.9)

-3.5

0.4

(0.2)

Net change

-2.5

0.9

($ 1.2 bn)(0.2)

Estimated
Collateral€ 0.3 bn

(0.2)
1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

H1 2008

6.1

4.3

3.9

3.1

3.8

4.8

4.6

3.8

1.8

1.5

1.2

June 30th, 2008

Gross exposure ($bn)• Continuing Reduction since 2004 reflects market recovery• Reached an all-time-low since late 80’s
• Allocated over 68 aircraft
28

14

Customer Financing Exposure€ million
closing rate 1 € =June 2008

Dec. 2007$ 1.58$ 1.47

779
334
(323)
456
(456)
0

990
398
(411)
579
(579)
0

211
40
(189)
22
(22)
0

236
42
(211)
25
(25)
0

100% AIRBUS
Total Gross exposureof which off-balance sheet
Estimated value of collateralNet exposure
Provision and asset impairment
AIRBUS Net exposure after provision

50% ATR
Total Gross exposureof which off-balance sheet
Estimated value of collateralNet exposure
Provision
ATR Net exposure after provision29

Q2 2008 Key Figures
Q2 2008in € bn
Revenues

Q2 2007***

9.9

9.4

EBIT*

0.4

0.3

FCF before cust. financing**

(0.1)

0.8

New orders

11.9

59.7

Revenues***
AirbusMTA
Eurocopter
AstriumDS
HQ & Others
Of which other businesses
Of which HQ & eliminations

Total EADS

Q2 2008 change
6,529 € m
4%
262 € m51%
1,063 € m
9%
950 € m20%
1,177 € m
2%
(95 € m)-%EBIT*
Q2 200884 €m(19 €m)67 €m
55 €m
101 €m101 €m

Q2 2007***88 €m(16 €m)
2 €m
37 €m
75 €m
84 €m

391 € m(486 € m)

10%
-%

16 €m
85 €m

25 €m
59 €m

9,886 € m

5%

389 €m270 €m*pre goodwill and exceptionals** excl. investments in medium term securities and consolidation changes*** MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

30

15

EBIT* Calculationin €m

H1 2008

EBIT*

1,158

H1 2007**
358

Exceptionals:
Disposal of goodwill
Fair value adjustment

Profit before finance costand income taxes

(12)
(23)

(24)

1,135

322

31

* pre goodwill impairment and exceptionals** MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

Restructuring items included in EBIT*in €m

H1 2008

H1 2007**

EBIT*

1,158

358

EBIT* margin (% of revenues)

5.9%

2.0%

EADS EBIT* includes the following items
AirbusRestructuring

55

(688)

DS

Restructuring

(10)

(21)

* pre goodwill impairment and exceptionals** MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

32

16

Net Income pre-exceptionals
H1 2008

H1 2007

Net income*EPS* (1)419
0.52 €

98
0.12 €

Exceptionals:
Disposal of goodwill
Depreciation of fair values
Related Tax impact

0
(23)
7

(12)
(24)
9

Net income
EPS (1)403
0.50 €

71
0.09 €in € m* pre goodwill impairment and exceptionals; the term “exceptionals” refers to such items as depreciation expensesof fair value adjustments relating to the EADS merger, the Airbus creation and the formation of MBDA.
(1) Average number of shares outstanding: 805,297,126 in H1 2008; 802,298,558 in H1 2007

33

Net Cash Positionin €mJune 2008

June 2007*

Dec. 2007

12,035

9,627

11,838

Short-term Financial Debts(1,023)(2,329)(1,724)Long-term Financial Debts(2,926)(3,370)(3,090)

8,086

3,928

7,024

Gross cash
Financial Debts

Reported Net cash
Airbus non-recourse debt

Net cash excl. non-recourse

715

985

859

8,801

4,913

7,883

* MBDA consolidated at 37.5% in 2008; H1 2007 figures adjusted

34

17

Balance Sheet Highlights: Assets
in € mJune 2008

Dec. 2007

Non-current Assetsof which Intangible & Goodwillof which Property, plant & equipmentof which Investments & Financial assetsof which positive hedge mark-to-market
of which Non-current securities

36,517
11,03912,401
3,676
2,598
2,690

37,051
10,832
13,393
3,791
2,440
2,691

Current Assetsof which Inventoryof which Cashof which Current securitiesof which positive hedge mark-to-market

39,03819,815
4,931
4,414
2,604

38,405
18,906
7,549
1,598
2,955

254

0

Total Assets

75,80975,456

Closing rate €/$

1.58

1.47

Non-current Assets classified as held for sale** Due to the high probability of a positive outcome of the final negotiations concerning the sale of the sites in Filton and Laupheim,
the respective non-current and current assets amounting to € 254 m (prior year-end: € 0 m) are reclassified to non-current
assets / disposal groups classified as held for sale. Liabilities directly associated to non-current assets classified asheld for sale amount to € 35 m (prior year-end: € 0 m).

35

Balance Sheet Highlights: Liabilitiesin € mTotal Equityof which OCI (Other Comprehensive Income)of which Minority interests

Total Non-current liabilitiesof which pensionsof which other provisionsof which financial debts
of which European gvts refundable advancesof which Customer advancesof which negative hedge mark-to-market

June 2008 Dec. 2007
13,33013,175

4,836
117

5,076
85

28,532

28,213

4,386
3,758

4,382
3,673
3,090
4,854
8,420

2,926
4,729
8,836
358

258

Total Current liabilities

33,912

34,068of which pensionsof which other provisionsof which financial debts
of which European gvts refundable advancesof which Customer advances

286
3,882
1,023
474
17,445

286
4,092
1,724
461
16,214of which negative hedge mark-to-market

49

36

Liabilities associated with assets held for sale*35

075,80975,456

Total Liabilities and Equity* Due to the high probability of a positive outcome of the final negotiations concerning the sale of the sites in Filton and Laupheim,
the respective non-current and current assets amounting to € 254 m (prior year-end: € 0 m) are reclassified to non-current
assets / disposal groups classified as held for sale. Liabilities directly associated to non-current assets classified asheld for sale amount to € 35 m (prior year-end: € 0 m).

36

18

Quarterly Revenues Breakdown(cumulative)
in €m

Q1

H1

2008

2007**

2008

Airbus

7,057

6,606

13,586

MTA

636

133

898

Eurocopter

732

671

Astrium

751

DS

9m

2007**

FY

2008

2007**

2008

2007***

12,889.

18,856.

25,216

307

.

1,014

.

1,140

1,795

1,644

.

2,599.

.

4,172

629

1,701

1,420

.

2,191

.

3,550

990

905

2,167

2,063

.

3,149

.

5,392

HQ & others

(313)

(10)

(408)

33

.

(258)

.

(347)

of which other BUs*
of which HQ & elim.

297
(610)

311
(321)

688
(1,096)

668
(635)

.
.

967
(1,225).
.

1,407(1,754)

9,853

8,934

19,739 18,356.

27,551.

39,123

Total EADS

* Other BUs: ATR, EFW, Socata, Sogerma and EADS North America** 2007 figures adjusted for MBDA consolidated at 37.5% and EADS North America

37*** FY 2007 figures adjusted for EADS North America

Quarterly EBIT* Breakdown(cumulative)
in €m

Q1

2008

H1

2007*** 20089m

2007***

2008

FY

2007***

2008

2007****

Airbus

628

(69)

712

19

.

(677)

.

(881)

MTA

(1)

(13)

(20)

(29)

.

(144)

.

(155)

Eurocopter

37

33

104

35

.

113

.

211

Astrium

33

10

88

47

.

71

.

174

DS

33

(5)

134

70

.

126

.

345

HQ & others

39

132

140

216

.

158

.

358

of which other BUs**
of which HQ & Elim.

19
20

20
112

35
105

45
171

.
.

66
92

.

84
274

Total EADS

769

88

1,158

358

.

(353)

.

52

* pre goodwill impairment and exceptionals** Other BUs: ATR, EFW, Socata, Sogerma and EADS North America*** 2007 figures adjusted for MBDA consolidated at 37.5% and EADS North America**** FY 2007 figures adjusted for EADS North America

.

38

19

Quarterly Order-intake Breakdown(cumulative )
in €m

Q1

H1

9m

2008

2007** 2008

2007**

Airbus

31,4885,464

41,06960,367.

MTA
Eurocopter

3,836

123

4,209

250

1,738

2,604

2,933

4,332

AstriumDS
HQ & othersof which other BUs*
of which HQ& Elim.

Total EADS

2008

FY

2007**

2008

2007***

69,667.

117,323

.

359

.

784

.

5,460

.

6,584

874

963

1,871

2,290

.

2,819

.

4,492

1,313

1,237

2,383

2,686

.

3,804

.

7,460

21

69

(1,267)

212

.

313

.

156

314
(293)

314
(245)

717
(1,984)

768
(556)

.
.

1,215
(902)

.
.

1,963
(1,807)39,27010,46051,19870,137.

82,422.

136,799* Other BUs: ATR, EFW, Socata, Sogerma and EADS North America** 2007 figures adjusted for MBDA consolidated at 37.5% and EADS North America*** FY 2007 figures adjusted for EADS North America

39

Quarterly Order-book Breakdown

in €m

March

2008

June

2007**

2008

Sept.

2007**

2008

Dec.

2007**

2008

2007***

Airbus291,116 206,372

294,790 251,743. 248,540. 283,829

MTA

23,068 20,307

23,173

20,256.

19,630.

19,932

Eurocopter

14,461 12,975

14,592

13,730.

13,904.

13,455Astrium

12,711 12,543

12,77013,125.

12,802.

12,895DS

18,012 16,171

17,962

16,486.

16,439.

17,836

HQ & others(7,906)(8,510)(9,109)(8,727).

(8,229).

(8,415)of which other BUs*
of which HQ& Elim.

2,979(10,885)

2,581(11,091)

2,990(12,099)

2,295(11,022).

2,437(10,666)

.
.

2,740
(11,155)

351,462 259,858

354,178306,613

Total EADS

* BUs: ATR, EFW, Socata, Sogerma and EADS North America** 2007 figures adjusted for MBDA consolidated at 37.5% and EADS North America*** FY 2007 figures adjusted for EADS North America.

. 303,086. 339,53240

20