FY Results
2023
15 February 2024

Guillaume FAURY | Chief Executive Officer
Thomas TOEPFER | Chief Financial Officer

Safe Harbour Statement
DISCLAIMER
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 and delivery schedules, introduction of new products and services andmarket 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 andcircumstances 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 the spread of disease or 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 space procurement 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;▪ Changes in societal expectations and regulatory requirements about climate change;▪ The lingering effects of the COVID-19 pandemic;▪ Aggravation of adverse geopolitical events, including Russia's invasion of Ukraine and the resulting imposition of export control restrictions and international sanctions, and rising military tensions

around the world.
As a result, Airbus SE’s actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
For more information about the impact of Russia’s invasion of Ukraine and the impact of the Macroeconomic Environment, see note 2 “Geopolitical and Macroeconomic Environment" of the Notes to the
Airbus SE IFRS Consolidated Financial Statements for the twelve-month period ended 31 December 2023 published 15 February 2024 (the “Financial Statements”). For more information about factorsthat could cause future results to differ from such forward-looking statements, please refer to Airbus SE’s most recent annual reports, including the Report of the Board of Directors, the Financial
Statements and the Notes thereto, the Universal Registration Document and the most recent Risk Factors.
Any forward-looking statement contained in this presentation speaks as of the date of this presentation. Airbus SE undertakes no obligation to publicly revise or update any forward-looking statement inlight 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.

Company
Highlights

Airbus FY Results 2023

FY 2023 Key Topics▪ Strong commercial momentum▪ Guidance achieved:▪ 735 commercial aircraft delivered▪ EBIT Adjusted of € 5.8 bn▪ FCF before M&A and Customer Financing of € 4.4 bn▪ Net Cash of € 10.7 bn▪ Dividend proposals:▪ Dividend of € 1.80 per share▪ Special dividend of € 1.00 per share4

FY 2023 Commercial Positioning

5

Airbus Commercial Aircraft

Consolidated Airbus

Consolidated Airbus

Order Book in units by Programme

Order Book in value by Region

External Revenue by Division

8,598 units

A220

7%

Europe34%

Airbus

72%

A320

84%

Asia Pacific31%

Helicopters

11%

A330

2%

€ 554 bn

North America

16%€ 65.4 bn

17%

A350

7%

t/o defence€ 52 bn

Middle East

7%

t/o defence€ 11.9 bn

Defence andSpace

Latin America

4%

Other

8%

▪ AIRBUS: Gross orders: 2,319 a/c; Net orders: 2,094 a/c; Backlog: 8,598 a/c▪ HELICOPTERS: 393 net orders, with a strong performance on the Medium segment, and Services▪ DEFENCE AND SPACE: Order intake € 15.7 bn, including Spain order for 16 C295 in Q4’23

FY 2023 Financial Performance
Revenues

6

EBIT Adjusted

in € bnin € bn / RoS (%)

65.4

58.8

FY 2022

FY 2023

9.6%

8.9%

5.6

5.8

FY 2022

FY 2023

EPS(1) Adjusted

FCF before M&A and Customer Financing

in €in € bn

5.15

5.60

4.7

4.4

FY 2022

FY 2023

FY 2022

FY 2023(1) FY 2023 Average number of shares: 788,720,779 compared to 787,080,579 in FY 2022
Capitalised R&D: € 378 m in FY 2023 and € 319 m in FY 2022

FY 2023 Profitability

7

EBIT Performance▪ FY 2023 EBIT Reported of € 4,603 m

in € bn▪ FY 2023 EBIT Adjustments resulting from:

5.6

5.8

EBIT Adjusted
FY 2022

5.3

4.6

EBIT Reported
FY 2023

EPS(1) Performance▪ € - 1,030 m$ Working Capital mismatch and Balance Sheet revaluation

▪ € -

89 m

Aerostructures transformation

▪ € -

41 m

A400M charge

▪ € -

75 m

Others▪ FY 2023 Net Adjustments of € - 1,235 m▪ FY 2023 Net Income of € 3,789 m

in €▪ FY 2023 Net Income Adjusted of € 4,417 m

5.15

5.60

EPS Adjusted
FY 2022(1) FY 2023 Average number of shares: 788,720,779 compared to 787,080,579 in FY 2022
Capitalised R&D: € 378 m in FY 2023 and € 319 m in FY 2022

5.40

4.80

EPS Reported
FY 2023

USD Exposure Coverage

8

Forwards & Euro Conversion as of Dec. 2023

IN $ BILLION

Forwards & Euro Conversion as of Dec. 2022

22.4

23.3
20.5
17.8

16.1
10.5

3.7

Average blended rates(1)(€ vs. $)Forwards and Euro
conversion

2023

2024

2025

2026

2027

2028

2029

1.20

1.21

1.22

1.24

1.26

1.23

1.16

( 1.21 in Dec. 22 )( 1.23 in Dec. 22 )( 1.24 in Dec. 22 )( 1.28 in Dec. 22 )( 1.27 in Dec. 22 )( 1.22 in Dec. 22 )(N/A)

Mark-to-market of FX hedging instruments incl. in AOCI = € - 4.5 bn
Closing rate @ 1.11 € vs. $▪ In FY 2023, $ 22.4bn(2) of forwards matured and Euro conversion realised at an average blended rate(1) of € 1 = $ 1.20.
▪ $ 20.2 bn(2) of new USD coverage were added at an average blended rate(1) of € 1 = $ 1.13.
▪ Forwards and Euro conversion portfolio(2) as of 31 December 2023 at $ 91.7 bn, at an average blended rate(1) of $ 1.23 (vs. $ 93.9 bn in December 2022 at $ 1.24).

Approximately 60% of Airbus US$ revenues are naturally hedged by US$ procurement.
(1) Blended rates reflect both EBIT impact of hedge rates of the US$ hedge portfolio and Euro conversion.
(2) Volumes reflect both forwards and Euro conversion. Total amount predominantly contains €/$. Volumes reflect roll-over which will be finalised in the next quarter.

FY 2023 Cash Evolution9IN € BILLION

+1.2
-3.0
-0.1

+5.7

-1.8
-0.8

Free Cash Flow before M&A: € + 4.0 bn
t/o Customer Financing € - 0.4 bn
Free Cash Flow before M&A andCustomer Financing: € + 4.4 bn

10.7

9.4

Net Cash Position
December 2022

Gross Cash Flowfrom Operations

Change in
Working Capital(1) Thereof CapEx of € - 3.1 bn(2) M&A transactions include acquisitions and disposals of subsidiaries and businesses(1)Cash used forinvesting activities
before M&A

M&A

(2)

Shareholder Return

Pensions & Others

Net Cash Position
December 2023

Company
Highlights
Divisions
Highlights

Airbus FY Results 2023

11

IN € MILLION

FY 2023

FY 2022

Change2,094

820

155.4%

8,598

7,239

18.8%

162,571

59,727490,812

390,456

735

661

Revenues

47,763

41,428R&D Expenses

2,698

2,607

5.6%

6.3%

4,818

4,600

10.1%

11.1%

3,610

4,800

7.6%

11.6%

Order Intake (net)

Units

Order Book
Order Intake (net)

Value

Order Book
Deliveries

Unitsin % of Revenues

EBIT Adjusted
in % of Revenues

EBIT
in % of Revenues(1)

Deliveries by Programme (Units)
A220

9%

A320

78%

172.2%

A330

4%

25.7%

A350

9%

Platforms

91%

Services

9%

11.2%
15.3%
3.5%
4.7%
-24.8%▪ Deliveries: 735 aircraft comprising 68 A220, 571 A320 Family, 32 A330 and 64 A350
▪ Revenues mainly reflect higher deliveries▪ EBIT Adjusted mainly reflects deliveries partially offset by investments for preparing the future(1) After a reduction of 2 a/c previously recorded as sold in December 2021 for which a transfer was not possible due to international sanctions against Russia
Capitalised R&D: € 145 m in FY 2023 and € 173 m in FY 2022

External Revenue Split

HelicoptersIN € MILLION12

FY 2023

FY 2022

Change

393

362

8.6%

804

757

6.2%

8,597

9,338

-7.9%

21,525

20,774

3.6%

346

344

0.6%

7,337

7,048

4.1%

R&D Expenses

335

275

in % of Revenues

4.6%

3.9%

Order Intake (net)

Units

Order Book
Order Intake (net)

Value

Order Book
Deliveries
Revenues

Units

EBIT Adjusted

735

639

in % of Revenues

10.0%

9.1%

EBIT

717

639

in % of Revenues

9.8%

9.1%

▪ Revenues reflect deliveries and a good performance in Services▪ EBIT Adjusted reflects a solid performance across programmes and Services

Capitalised R&D: € 1 m in FY 2023 and € 0 m in FY 2022

External Revenue Split
Civil

48%

Defence52%

Platforms

53%

Services

47%

21.8%
15.0%
12.2%

Defence and Space

13

External Revenue Split
IN € MILLION

FY 2023

FY 2022

ChangePlatforms

66%

Order Intake (net)15,701

13,66014.9%Services

34%

Order Book

42,19538,426

9.8%

Revenues

11,495

11,2592.1%

R&D Expenses

275

266

in % of Revenues

2.4%

2.4%

EBIT Adjusted

229

384

in % of Revenues

2.0%

3.4%

EBIT

220

(118)

in % of Revenues

1.9%

-1.0%

3.4%
-40.4%
N/A▪ Revenues increase supported by Military Air Systems and Connected Intelligence partly offset by updated

assumptions of certain Space programmes▪ EBIT Adjusted decrease reflects updated assumptions of certain Space programmes▪ A400M: 8 a/c delivered in FY 2023

Capitalised R&D: € 232 m in FY 2023 and € 146 m in FY 2022

Military Air Systems

61%

Space Systems

20%

Connected Intelligence& Others

19%New Free Cash Flow Definition

14▪ In line with market practices, the Company has decided to update the definition of the Alternative
Performance Measure Free Cash Flow to better reflect the underlying cash generation performance of its
operations.
▪ As per new definition, the Company defines Free Cash Flow as:▪ The sum of (i) cash provided by operating activities and (ii) Investments in intangible and fixed assets(net) & Dividends paid by companies valued at Equity; minus (iii) contribution to plan assets of pension
schemes, (iv) realised foreign exchange results on treasury swaps and (v) change in cash fromchanges in consolidation.
▪ De facto, Mergers and Acquisitions transactions are excluded.
▪ The Company will now measure and communicate its performance on the basis of “Free Cash Flow
before Customer Financing”.
▪ There is no impact on the Net Cash position.
▪ The FY 2024 guidance is issued on this basis.
▪ To be implemented from 1 January 2024.

Company
Guidance
Highlights

Airbus FY Results 2023

2024 Guidance

As the basis for its 2024 guidance, the Company assumes:▪ no additional disruptions to the world economy, air traffic, the supply chain, the Company’s internal operations, and its ability to deliverproducts and services.
The Company’s 2024 guidance is before M&A.

On that basis, the Company targets to achieve in 2024:▪

Around 800 commercial aircraft deliveries;▪

EBIT Adjusted between € 6.5 billion and € 7.0 billion;▪

Free Cash Flow before Customer Financing (1) of around € 4.0 billion(1) The Company has decided to update the definition of the Alternative Performance Measure Free Cash Flow in line with market practices to better reflect the underlying cash generation performance of its operations (see Glossary).

16

Key Priorities▪ Continue to deliver on our commercial aircraft ramp-up▪ Successfully manage the transformation of Airbus Defence and Space▪ Leverage digitalisation and lead the development of sustainable aerospace▪ Maintain the strong commercial positioning across businesses▪ Focus on profitable growth17Company
Highlights

Appendix
Airbus FY Results 2023

Dividend proposals

19

IN € PER SHARE
1.80

1.80

(1)

1.50

1.00

28%

FY 202133%

FY 2022(1)

38%

FY 2023

FY 2023

Payout Ratio

Dividend policy

Special dividend▪ Ex-dividend date: Tuesday 16 April 2024
▪ Record date: Wednesday 17 April 2024
▪ Payment date: Thursday 18 April 2024

(1) Board proposal to be submitted to the AGM 2024. Subject to AGM approvalExpected Average Blended Rates for Forwards and Euro Conversion € vs. $Active exposure management

1.28

Average
Blended Rates

1.26

FY 2022

1.22

FY 2023

1.20

FY 2024E

1.21

(1)

1.24

1.24

1.23
1.23

1.22

1.22

1.20

1.22

1.21

1.21

1.21

1.21

1.21

1.20

1.18

1.18

1.16

1.14
Q1

Q2
2022

Q3
2023

Blended rates reflect both EBIT impact of hedge rates of the US$ hedge portfolio and Euro conversion.
(1) Based on $ 4.2 bn hedges matured with associated EBIT impact and $ 0.3 bn of Euro conversion realised

Q4
2024E

20

Detailed Free Cash Flow Reconciliation

21▪

As per new definition, the Company defines Free Cash Flow as the sum of (i) cash provided by operating activities and (ii) Investments in intangible andfixed assets (net) & Dividends paid by companies valued at Equity, minus (iii) contribution to plan assets of pension schemes, (iv) realised foreign exchange
results on treasury swaps and (v) change in cash from changes in consolidation.

▪

There is no impact on the Net Cash position.

IN € MILLION

FY 2023

FY 2022

5,718

5,512

Unchanged

1,204

1,421

Unchanged(3,037)(2,609)(2,826)(2,263)[A] Investments in Intangible and fixed assets (net)(2,976)(2,363)

Unchanged[B] Dividends paid by companies valued at equity

150

100

Unchanged[C] Other investments, including M&A

(211)

(346)

Excluded

4,096

4,670

(436)

(146)

4,532

4,816

3,885

4,324

of which M&A

(65)

(210)

of which Customer Financing

(436)

(146)

4,386

4,680

Gross Cash Flow from Operations
Change in working capital

(1)

(2)

Cash used for investing activities(3)(Previous Definition)

Investments in Intangible and Fixed assets (net)& Dividends paid by companies valued at equity

Free Cash Flow

[A+B+C][A+B](New definition)of which Customer Financing
Free Cash Flow before Customer Financing
Free Cash Flow

(New definition)(Previous Definition)

Free Cash Flow before M&A and Customer Financing(Previous Definition)(1) Excluding working capital change, contribution to plan assets of pension schemes and realised FX results on treasury swaps(2) Including net customer financing and excluding some perimeter change impacts from changes in consolidation(3) Excluding change in securities and change in cash from changes in consolidation and excluding bank activities

Unchanged

FY 2023 Detailed Income Statement and Adjustments

22

thereof Adjustments
Impact on EBITIN € MILLION

FY 2023
Reported

Operational

FX

AirbusDefenceand Space(1)Helicopters

Airbus + Defence
and Space(2)

(157)

(30)

(18)

(1,030)Financial
ResultFY 2023
Adjusted

EBIT

4,603

5,838

in % of Revenues

7.0%

8.9%

Interest income

728

728

Interest expense

(753)

(753)

Other Financial Result

191

194

(3)

Financial Result

166

194

(28)

194

5,810

Income before taxes

4,769

Non-controlling interests

176

176

3,789

4,417

788,720,779

788,720,779

4.80

5.60

Net Income

Number of shares
EPS (in €)

(157)

(30)

(18)

Net Income Adjusted excludes the following items:▪Adjustments impacting the EBIT line (as reported in the EBIT Adjusted)▪The Other Financial Result, except for the unwinding of discounted provisions
The tax effect on Adjusted Income before taxes is calculated at 27%. The effective tax rate on Income before taxes is 24%.

(1) Thereof € - 41 m A400M programme update(2) Thereof € - 1,051 m Airbus, € + 21 m Defence and Space

(1,030)FY 2022 Detailed Income Statement and Adjustments

23

thereof Adjustments
Impact on EBITIN € MILLION

FY 2022
Reported

Operational

FX

AirbusDefenceand Space(1)Helicopters

Airbus + Defence
and Space(2)

(134)

(476)

0

308

Financial
ResultFY 2022
Adjusted

EBIT

5,325

in % of Revenues

9.1%

9.6%

Interest income

180

180

Interest expense

(412)

(412)

Other Financial Result

(18)

(26)

8

Financial Result

(250)

(26)

(224)

Income before taxes

5,075

(26)

5,403

Non-controlling interests

111

111

4,247

4,055

787,080,579

787,080,579

5.40

5.15

Net Income
Number of shares
EPS (in €)

5,627

(134)

(476)

0

Net Income Adjusted excludes the following items:▪Adjustments impacting the EBIT line (as reported in the EBIT Adjusted)▪The Other Financial Result, except for the unwinding of discounted provisions
The tax effect on Adjusted Income before taxes is calculated at 27%. The effective tax rate on Income before taxes is 19%.

(1) Thereof € - 477 m A400M programme update(2) Thereof € + 334 m Airbus, € - 26 m Defence and Space

308

Liquidity as of 31 December 2023

24

RSCF:
▪ Signed on July 5, 2022
▪ 1stextension option of 1 year exercised inJune 2023:
o € 7,925 m maturing on July 5, 2028
o € 75 m maturing on July 5, 2027
▪ One remaining extension option of 1 year
▪ Fully committed by 38 banks▪ No financial covenants, no MAC clause▪ Sustainability-Linked€ 8.0 bn
Credit Facility (RSCF)€ 14.6 bn
Total Gross Debt
€ 25.3 bn

Incl. interest rate
contracts

Financing Liabilities include bonds*:(1)▪ € 8.0 bn EMTN
▪ $ 1.5 bn 144A/RegS▪ $ 0.8 bn USPP

*nominal amounts

Total Gross CashInvested inhighly rated securities

Credit Ratings:€ 10.7 bn
Net Cash(1) The FY 2023 Gross Debt includes financing liabilities for € 13.6 bn and interest rate contracts related to fair value hedges for € 1.0 bn

Short-term rating:▪ S & P:
A-1
▪ Moody’s:
P-1
Long-term rating:▪ S & P:A stable outlook▪ Moody’s:
A2 stable outlook

Q4 2023 Key FiguresIN € MILLION25

Q4 2023

Q4 2022

Revenues

22,886

20,644

EBIT Adjusted

2,207

2,146

EBIT

1,891

1,773

Net Income

1,457

1,679

FCF before M&A

3,174

1,925

FCF before M&A and Customer Financing

3,349

1,781

IN € MILLION
Q4 2023

Q4 2022

Revenues

Q4 2023

Q4 2022

Q4 2023

EBIT Adjusted

Q4 2022
EBIT

Airbus

16,256

14,774

1,602

1,725

1,304

1,559

Helicopters

2,675

2,533

318

259

307

259

Defence and Space

4,362

3,666

230

153

223

(54)

Eliminations

(407)

(329)

57

9

57

9

22,886

20,644

2,207

2,146

1,891

1,773

Consolidated Airbus

Detailed Free Cash FlowIN € MILLION26

FY 2023

FY 2022

9,431

7,740

5,718

5,512

1,204

1,421

(3,037)(2,609)(3,051)(2,464)

Free Cash Flow (5)

3,885

4,324

of which M&A

(65)

(210)

3,950

4,534

(436)

(146)

4,386

4,680

Change in capital and non-controlling interests

146

145

Change in treasury shares / share buyback

(334)

(36)

Change in liability for puttable instruments

138

135

Contribution to plan assets of pension schemes

(668)

(601)

(1,421)(1,181)(451)(1,095)

10,726

9,431

Net Cash position at the beginning of the period
Gross Cash Flow from Operations
Change in working capital

(1)

(2)

Cash used for investing activities(3)of which Industrial CapEx (additions)(4)Free Cash Flow before M&Aof which Customer Financing
Free Cash Flow before M&A and Customer Financing

Cash distribution to shareholders / non-controlling interests
OthersNet Cash position at the end of the period(6)(1) Excluding working capital change, contribution to plan assets of pension schemes and realised FX results on treasury swaps(2) Including net customer financing and excluding some perimeter change impacts from changes in consolidation(3) Excluding change in securities and change in cash from changes in consolidation and excluding bank activities(4) Excluding leased and financial assets(5) Excluding change in securities, change in cash from changes in consolidation, contribution to plan assets, realised FX results on treasury swaps and bank activities(6) The Company decided in 2022 to refine the net cash definition to include interest rate contracts related to fair value hedges

Net Cash PositionIN € MILLION

27

Dec. 2023

Dec. 2022

Gross Cash

25,27823,598Financing Liabilities(13,591)(12,773)

Short-term Financing Liabilities(3,389)(2,142)Long-term Financing Liabilities(10,202)(10,631)(961)(1,394)

10,726

9,431Interest rate contracts
Reported Net CashCustomer Financing ExposureIN € MILLION

28

Dec. 2023

Dec. 2022

AirbusClosing rate € 1 =Dec. 2023

Dec. 2022

Helicopters$ 1.11$ 1.07$ 1.11$ 1.07

312

312

19

33

of which off-balance sheet

6

6

2

2

Estimated value of collateral

(252)

(262)

(19)

(33)

Net Exposure

60

50

0

0

Provision and asset impairment

(60)

(50)

0

0

0

0

0

0

Total Gross Exposure

Net Exposure after provisionAirbus Customer Financing

29

AdditionsSell Down

1.0

Airbus Customer
Financing Gross
Exposure in $ bn

0.8

0.6

0.5

0.3

0.6

0.8

Amortization

0.9

Net change

0.7

0.6

0.2

0.1
(0.2)
(0.1)

(0.2)

(0.3)
(0.7)

(0.1)

(0.7)

(0.7)

(0.7)

(0.6)

(0.5)

(0.7)

0.3

(0.2)

(0.3)

(0.1)

(0.1)

(0.6)

(0.1)

Gross Exposurein $ bn

(0.2)

(0.1)

(0.1)

(0.1)

(0.2)

(0.2)

0.3

0.0
(0.4)

(0.4)

(0.1)

(0.0)

0.1
(0.1)

(0.0)

(0.2)

(0.1)

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

1.5

1.8

1.7

1.4

1.5

1.6

1.3

1.5

1.7

1.5

0.9

0.8

0.5

0.4

0.3

0.3

Net Exposure fully provisioned

Net Exposure fully provisioned

Net Exposure € 0.1 bn

Net Exposure € 0.1 bn
Gross
Exposure

Gross
Exposure€ 0.3 bn($ 0.3 bn)

Estimated
Collateral€ 0.3 bn($ 0.3 bn)€ 0.3 bn($ 0.3 bn)

Estimated
Collateral€ 0.3 bn($ 0.3 bn)

31 December 2022

31 December 2023€/$ = 1.07€/$ = 1.11

Balance Sheet Highlights: Assets
IN € MILLION

30

Dec. 2023

Dec. 2022

Non-current Assets

54,87052,942of which Intangible & Goodwill

16,92916,768of which Property, plant & equipment

17,201

16,505of which Investments & other long-term financial assets

6,947

6,257

of which Contract assets

26

26

of which Positive hedge mark-to-market

897

753

of which Non-current securities

7,508

6,013

Current Assets

63,94863,002of which Inventory

33,741

32,202of which Contract assets

1,823

1,501

of which Cash and cash equivalents

16,46915,823of which Current securities

1,301

1,762

of which Positive hedge mark-to-market

330

1,141

Assets of disposal groups classified as held for sale

53

0

118,871

115,944

1.11

1.07

Total Assets

Closing rate € vs. $Balance Sheet Highlights: Liabilities31

IN € MILLION

Dec. 2023

Dec. 2022

Total Equity

17,73012,982of which AOCI (Accumulated Other Comprehensive Income)(2,305)(5,016)35

32

Total Non-current liabilities

47,39150,367of which Pensions

2,405

3,193

of which Other provisions

3,262

3,703

of which Financing liabilities

10,202

10,631of which European Governments’ refundable advances

3,671

3,717

of which Contract liabilities

23,961

22,044of which Negative hedge mark-to-market

2,859

6,163

Total Current liabilities

53,67652,595310316

of which Other provisions

3,851

3,811

of which Financing liabilities

3,389

2,142

185

140

of which Contract liabilities

24,53723,869of which Trade liabilities

14,323

13,261of which Negative hedge mark-to-market

1,891

3,450

74

0

118,871

115,944of which Non-controlling interestsof which Pensionsof which European Governments’ refundable advances

Liabilities of disposal groups classified as held for sale
Total Liabilities and Equity

Shareholding Structure at 31 December 2023

Free Float
Shareholder Agreement
SOGEPA▪ 790,459,434 shares issued at 31 December 2023

32

73.8%
25.8%
10.9%

GZBV

10.8%

SEPI

4.1%

Treasury Shares

0.4%

Quarterly Revenues Breakdown (Cumulative)IN € MILLION

33

Q1
2023

H1
2022

2023

9m
2022

2023

FY
2022

2023

2022

Airbus

8,110

8,541

20,34917,53331,50726,65447,763

41,428

Helicopters

1,598

1,265

3,194

2,744

4,662

4,515

7,337

7,048

Defence and Space

2,299

2,453

4,653

5,056

7,133

7,593

11,495

11,259Eliminations

(244)

(259)

(533)

(523)

(742)

(643)

(1,149)(972)

11,763

12,00027,66324,81042,56038,11965,44658,763

Consolidated Airbus

Quarterly EBIT Adjusted Breakdown (Cumulative)IN € MILLION

34

Q1
2023

H1
2022

2023

9m
2022

2023

FY
2022

2023

2022

Airbus

580

1,065

2,256

2,276

3,216

2,875

4,818

4,600

Helicopters

156

90

274

215

417

380

735

639

Defence and Space

36

106

78

155

(1)

231

229

384

Eliminations

1

2

10

(1)

(1)

(5)

56

4

773

1,263

2,618

2,645

3,631

3,481

5,838

5,627

Consolidated Airbus

Quarterly EBIT Breakdown (Cumulative)IN € MILLION

35

Q1
2023

H1
2022

2023

9m
2022

2023

FY
2022

2023

2022

Airbus

197

1,242

1,523

2,478

2,306

3,241

3,610

4,800

Helicopters

156

90

267

215

410

380

717

639

Defence and Space

36

95

87

(113)

(3)

(64)

220

(118)

Eliminations

1

2

10

(1)

(1)

(5)

56

4

390

1,429

1,887

2,579

2,712

3,552

4,603

5,325

Consolidated Airbus

FY 2023 IFRS vs. APM Cash Flow ReconciliationIN € BILLION

Dec. 2023

36

IN € BILLION

Dec. 2023

Cash provided by (used for) operating activities

6.3

Cash provided by (used for) operating activities

6.3

t/o Reimbursement from / contribution to plan assets(0.7)

Cash provided by (used for) investing activities(4.1)

t/o Treasury swaps

0.0

t/o Net proceeds (payment)(0.8)

t/o Change in other operating assets and liabilities

1.2

Others1.0

Gross Cash Flow from Operations

5.7

Free Cash Flow

3.9

t/o M&A transactions(0.1)

Free Cash Flow before M&A

4.0

t/o Customer Financing(0.4)

FCF before M&A and Customer Financing

4.4

Glossary on Alternative Performance Measures (APM)
This presentation also contains certain “non-GAAP financial measures”, i.e. financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable
measure calculated and presented in accordance with IFRS. For example, Airbus makes use of the non-GAAP measures “EBIT Adjusted”, “EPS Adjusted” and “Free Cash Flow”.
Airbus uses these non-GAAP financial measures to assess its consolidated financial and operating performance and believes they are helpful in identifying trends in its performance. These measuresenhance management’s ability to make decisions with respect to resource allocation and whether Airbus is meeting established financial goals.

Non-GAAP financial measures have certain limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of Airbus’ results as reported under IFRS. Because of theselimitations, they should not be considered substitutes for the relevant IFRS measures.
▪ EBIT: Airbus continues to use the term EBIT (Earnings before interest and taxes). It is identical to Profit before finance cost and income taxes as defined by IFRS Rules.
▪ Adjustment is an alternative performance measure used by Airbus which includes material charges or profits caused by movements in provisions related to programmes, restructuring or foreignexchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.
▪ EBIT Adjusted: Airbus uses an alternative performance measure, EBIT Adjusted as a key indicator capturing the underlying business margin by excluding material charges or profits caused by

movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.
▪ EPS Adjusted is an alternative performance measure of a basic EPS as reported whereby the net income as the numerator does include Adjustments. For reconciliation see slide “Detailed Income

Statement and Adjustments”.
▪ Gross cash position: Airbus defines its consolidated gross cash position as the sum of (i) cash and cash equivalents and (ii) securities (all as recorded in the consolidated statement of financial position).
▪ Net cash position: Airbus defines its consolidated net cash position as the sum of (i) cash and cash equivalents and (ii) securities, minus (iii) financing liabilities, plus or minus (iiii) interest rate contracts

related to fair value hedges (all as recorded in the Consolidated Statement of Financial Position).
▪ Gross cash flow from operations: Gross cash flow from operations is an alternative performance measure and an indicator used by Airbus to measure its operating cash performance before changes inother operating assets and liabilities (working capital). It is defined in the Universal Registration Document, MD&A section 2.1.6.1. as cash provided by operating activities, excluding (i) changes in otheroperating assets and liabilities (working capital), (ii) contribution to plan assets of pension schemes and (iii) realised foreign exchange results on treasury swaps.
▪ Changes in working capital: it is identical to changes in other operating assets and liabilities as defined by IFRS Rules. It is comprised of inventories, trade receivables, contract assets and contract
liabilities (including customer advances), trade liabilities, and other assets and other liabilities.
Free Cash Flow definitions (until 31 December 2023)▪ FCF: For the definition of the alternative performance measure free cash flow, see Universal Registration Document, MD&A section 2.1.6.1. It is a key indicator which allows the Company to measure theamount of cash flow generated from operations after cash used in investing activities.
▪ FCF before M&A refers to Free Cash Flow as defined in the Universal Registration Document, MD&A section 2.1.6.1. adjusted for net proceeds from disposals and acquisitions. It is an alternative
performance measure and key indicator that reflects free cash flow excluding those cash flows resulting from acquisitions and disposals of businesses.
▪ FCF before M&A and Customer Financing refers to Free Cash Flow before mergers and acquisitions adjusted for cash flow related to aircraft financing activities. It is an alternative performancemeasure and indicator that may be used occasionally by the Company in its financial guidance, especially when there is higher uncertainty around customer financing activities.
Free Cash Flow definitions (01 January 2024 onwards)▪ FCF: It is an alternative performance measure and key indicator which allows the Company to measure the amount of cash flow generated by its operations. The Company defines Free Cash Flow as thesum of (i) cash provided by operating activities and (ii) Investments in intangible and fixed assets (net) & Dividends paid by companies valued at equity, minus (iii) contribution to plan assets of pension
schemes, (iv) realised foreign exchange results on treasury swaps and (v) change in cash from changes in consolidation.
▪ FCF before Customer Financing refers to Free Cash Flow adjusted for cash flow related to aircraft financing activities. It is an alternative performance measure and indicator used by the Company in its
financial guidance.