27 July 2022
Guillaume FAURY
Dominik ASAM||

Chief Executive Officer
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 full impact of the COVID-19 pandemic and the resulting health and economic crisis;▪ 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, see note 2 "Ukraine Crisis" of the Notes to the Airbus SE Unaudited Condensed Interim IFRS Consolidated Financial Statements
for the six-month period ended 30 June 2022. For more information about the impact of the COVID-19 pandemic, see note 3 "Impact of the COVID-19 Pandemic” of the Notes to the Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Statements for the six-month period ended 30 June 2022. For more information about factors that could cause future results to differ fromsuch forward-looking statements, see Airbus SE's annual reports, including its 2021 Universal Registration Document filed on 6 April 2022 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 statements 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.

AIRBUS
Company Highlights

Divisional Highlights

Guidance Highlights

Appendix

H1 2022 Key Topics
 Complex operating environment 297 (1) commercial aircraft delivered in H1 2022
 H1 2022 financials:
 EBIT Adjusted of € 2.6 bn; EBIT reported of € 2.6 bn
 FCF before M&A and Customer Financing of € 2.0 bn
 A320 Family: monthly production rate target of 75 for 2025 unchanged
 adjustment to 2022 and 2023 ramp-up trajectory 2022 guidance: updated to around 700 commercial aircraft deliveries
 maintained for EBIT Adjusted and FCF before M&A and Customer Financing(1) Before 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

4

H1 2022 Commercial Positioning

5

Consolidated Airbus Order Book

Consolidated Airbus

by Division

External Revenue by Division

Order Intake
Airbus(in units)(net)

Order Book
Order Intake

Helicopters(in units)(net)

Defence and Space(in € m)Order Intake

Order Book(net)

H1 2022

H1 2021

Change259

38

581.6%

7,046

6,925

1.7%

€ 24.8 bn
t/o defence€ 4.9 bn

163

123

32.5%

787

671

17.3%

6,534

3,510

86.2%

 AIRBUS: Gross orders: 442 a/c; Net orders: 259 a/c; Backlog: 7,046 a/c
 HELICOPTERS: 163 net orders of which 14 Super Puma, and the Tiger MKIII upgrade programme DEFENCE AND SPACE: Order intake € 6.5 bn, including in Q2 the contract to deliver 20 latest generation Eurofighter to the Spanish Air Force

Airbus69%

Helicopters

11%

Defence and
Space

20%

H1 2022 Financial Performance
Revenues

6

EBIT Adjusted

in € bnin € bn / RoS (%)

24.6

24.8

H1 2021

H1 2022

11.0%

10.7%

2.7

2.6

H1 2021

H1 2022

EPS(1) Adjusted

FCF before M&A and Customer Financing

in €in € bn

2.37

2.40

2.1

2.0

H1 2021

H1 2022

H1 2021

H1 2022(1) H1 2022 Average number of shares: 786,638,226 compared to 784,852,012 in H1 2021
Capitalised R&D: € 103 m in H1 2022 and € 63 m in H1 2021

H1 2022 Profitability

7

EBIT Performance H1 2022 EBIT Reported of € 2,579 m

in € bn H1 2022 EBIT Adjustments resulting from:

2.7

2.7

2.6

EBIT Adjusted
H1 2021

2.6

EBIT Reported
H1 2022

 € +

226 m

PDP mismatch / BS revaluation

 €

-

218 m

A400M charge

 €

-

33 m

Aerostructures transformation

 €

-

7 m

A380 programme

 €

-

34 m

Others H1 2022 Net Adjustments of € - 66 m

EPS(1) Performancein € H1 2022 Net Income of € 1,901 m
 H1 2022 Net Income Adjusted of € 1,891 m
2.84
2.37

2.40

EPS Adjusted
H1 2021(1) H1 2022 Average number of shares: 786,638,226 compared to 784,852,012 in H1 2021
Capitalised R&D: € 103 m in H1 2022 and € 63 m in H1 2021

2.42

EPS Reported
H1 2022

USD Exposure Coverage
IN $ BILLION

8

Forward Sales as of Jun. 2022

0.6Euro Conversion as of Jun. 2022

1.1

1.9

Forward Sales as of Dec. 2021
9.3Euro Conversion as of Dec. 2021

4.6

0.5

3.6
19.6

20.4
4.2
13.3

11.3

9.5
7.0
2.1
1.1

Average rates (€ vs. $)Forwards
Euro conversion

2022
Remaining 6 months

2023

2024

2025

2026

2027

2028

1.23

1.23

1.23

1.24

1.30

1.34

1.31

( 1.22 in Dec. 21 )( 1.23 in Dec. 21 )( 1.24 in Dec. 21 )( 1.26 in Dec. 21 )( 1.31 in Dec. 21 )( 1.35 in Dec. 21 )( 1.32 in Dec. 21 )

1.33

1.27

1.24

1.24

1.24

1.20

1.18

 In H1 2022, $ 8.7 bn of euro conversion signed at a average rate of € 1 = $ 1.19
 Euro conversion portfolio as of 30 June 2022 at $ 18.0 bn, at an average rate of $ 1.23
 In H1 2022, $ 9.3 bn(1) of hedges matured at an average rate of € 1 = $ 1.22
 $ 3.6 bn (1) of new forwards were added at € 1 = $ 1.18
 Hedge portfolio(1) as of 30 June 2022 at $ 82.2 bn (vs. $ 88.3 bn in December 2021), at an average rate of $ 1.25
Approximately 60% of Airbus US$ revenues are naturally hedged by US$ procurement. Hedge rates reflect EBIT impact of the US$ hedge portfolio(1) Total hedge amount predominantly contains €/$ designated hedges.

Mark-to-market of FX hedging instruments incl. in AOCI = € - 9.9 bn
Closing rate @ 1.04 € vs. $H1 2022 Cash Evolution9IN € BILLION
+0.3

-0.7
-0.0

+2.0

-1.2
-1.0

7.7

7.2

Free Cash Flow before M&A: € + 1.7 bn
t/o Customer Financing € - 0.3 bn
Free Cash Flow before M&A andCustomer Financing: € + 2.0 bn

Net Cash Position (1)December 2021

Gross Cash Flowfrom Operations

Change in
Working Capital

Cash used for (2)investing activities
before M&A

M&A (3)(1) The Company has decided to refine the net cash definition to include interest rate contracts related to fair value hedges which is also reflected in the H1 2022 balance(2) Thereof CapEx of € - 0.7 bn(3) M&A transactions include acquisitions and disposals of subsidiaries and businesses

Shareholder Return

Pensions & Others

Net Cash Position (1)June 2022

AIRBUS
Company Highlights

Divisional Highlights

Guidance Highlights

Appendix

11

Deliveries by Programme (Units)IN € MILLION
Order Intake (net)

Units

Order Book
DeliveriesUnits

H1 2022

H1 2021

Change

A220

8%

259

38

581.6%

A320

77%

7,046

6,925

1.7%

A330

4%

297

0.0%

A350

10%

-1.6%

Platforms

92%

Services8%297(1) (2)

Revenues

17,533

17,813

R&D Expenses

1,020

1,039

5.8%

5.8%

2,276

2,291

13.0%

12.9%

2,478

2,387

14.1%

13.4%

in %of Revenues

EBIT Adjusted
in %of Revenues

EBIT
in %of Revenues

-1.8%
-0.7%
3.8%

 Deliveries: 297 (1)(2) aircraft comprising 25 A220, 230 A320 Family, 13 A330 and 29 A350
 Revenues broadly stable EBIT Adjusted includes impact from retirement obligations, partly offset by consequencesof international sanctions(1) Before 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(2) Two A350 delivered on operating lease
Capitalised R&D: € 66 m in H1 2022 and € 1 m in H1 2021

External Revenue Split

Helicopters

12External Revenue Split
IN € MILLION

H1 2022

H1 2021

Change

Civil

45%

163

123

32.5%

Defence

55%

787

671

17.3%

115

115

0.0%

2,744

2,594

5.8%

R&D Expenses

120

119

in %of Revenues

4.4%

4.6%

EBIT Adjusted

215

183

in %of Revenues

7.8%

7.1%

EBIT

215

183

in %of Revenues

7.8%

7.1%

Platforms

47%

Services

53%

Order Intake (net)

Units

Order Book
Deliveries
Revenues

Units

0.8%
17.5%
17.5%

 Revenues reflect growth in services and favourable mix in programmes
 EBIT Adjusted also reflects non-recurring elements, including impact from retirement obligations

Capitalised R&D: € 0 m in H1 2022 and € 0 m in H1 2021

Defence and Space

13

External Revenue Split
IN € MILLION

H1 2022

H1 2021

ChangeOrder Intake (net)

6,534

3,510

86.2%

Revenues

5,056

4,538

11.4%

R&D Expenses

117

113

in %of Revenues

2.3%

2.5%

EBIT Adjusted

155

229

in %of Revenues

3.1%

5.0%

EBIT

(113)

157

in %of Revenues

-2.2%

3.5%

Services32%-32.3%N/A EBIT Adjusted mainly reflects Ariane 6 delay, inflation impact on long-term contracts andconsequences of international sanctions, partly offset by impact from retirement obligations

Capitalised R&D: € 37 m in H1 2022 and € 62 m in H1 2021

68%

3.5%

 Revenues mainly reflect higher volume on Military Aircraft and Eurodrone contract signature A400M: 4 a/c delivered in H1 2022

Platforms

Military Aircraft

53%

Space Systems

25%

Connected Intelligence& Others

22%

AIRBUS
Company Highlights

Divisional Highlights

Guidance Highlights

Appendix2022 Guidance

As the basis for its 2022 guidance, the Company assumes:
 no further disruptions to the world economy, air traffic, the Company’s internal operations, and its ability to deliver products and services.
The Company’s 2022 guidance is before M&A.

On that basis,

The Company now targets to deliver around 700 commercial aircraft in 2022

The Company maintains its target of around € 5.5 billion of EBIT Adjusted and around € 3.5 billion of Free Cash Flow
before M&A and Customer Financing in 2022

15

Key Priorities

 Deliver on our commercial aircraft ramp-up
 Continue the transformation of the Company
 Further strengthen the backlog across businesses Lead the development of sustainable aerospace Focus on earnings and cash growth trajectory beyond 2022

16

AIRBUS
Company Highlights

Divisional Highlights

Guidance Highlights

AppendixExpected Average Hedge Rates € vs. $18

Active exposure management
1.28

Average
Hedge Rates

1.26

1.24

1.23

(1)

1.23

1.22

1.23

1.22

1.21

1.20
1.19

1.18
1.16

1.16

1.14
Q1

Q2

2021

Hedge rates reflect EBIT impact of the US$ hedge portfolio(1) Q2 actual

FY 2021

1.20

FY 2022E

1.22

1.23

Q3

2022E

Q4

H1 2022 Detailed Income Statement and Adjustments

19

thereof Adjustments
Impact on EBITIN € MILLION

H1 2022
Reported

Operational

FX

AirbusDefenceand Space(1)Helicopters

Airbus + Defence
and Space(2)

(73)

(219)

0

226

Financial
ResultH1 2022
Adjusted

EBIT

2,579

in % of Revenues

10.4%

10.7%

Interest income

3030Interest expense

(166)

(166)

Other Financial Result

243

240

3

Financial Result

107

240

(133)

240

2,512

2,686

Income before taxes

(73)

(219)

0

57

1,901

1,891

786,638,226

786,638,226

2.42

2.40

Net Income

EPS (in €)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 31%.

(1) Thereof € - 218 m A400M programme update(2) Thereof € + 275 m Airbus, € - 49 m Defence and Space

226

57

Non-controlling interests

Number of shares

2,645

H1 2021 Detailed Income Statement and Adjustments

20

thereof Adjustments
Impact on EBITIN € MILLION

H1 2021
Reported

Operational

FX

AirbusDefenceand Space(1)Helicopters

Airbus + Defence
and Space(2)

229

(35)

0

(170)

Financial
ResultH1 2021
Adjusted

EBIT

2,727

2,703

in % of Revenues

11.1%

11.0%

Interest income

3232Interest expense

(204)

(204)

Other Financial Result

142

156

(14)

Financial Result

(30)

156

(186)

156

2,517

Income before taxes

2,697

Non-controlling interests

27

27

2,231

1,864

784,852,012

784,852,012

2.84

2.37

Net Income
Number of shares
EPS (in €)

229

(35)

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 18%.

(1) Thereof € - 1 m A400M programme update(2) Thereof € - 133 m Airbus, € - 37 m Defence and Space(170)

Liquidity as of 30 June 2022

21

RSCF:

€ 6.0 bn Signed October 2020 with maturity of 3 years

Credit Facility (RSCF)+ 2 extension options of 1 year. First extension
option exercised extending the maturity to
October 2024; undrawn
 Fully committed by 33 banks
 No financial covenants, no MAC clause Sustainability-Linked(1)€ 14.3 bn
Total Gross Debt
€ 21.6 bn

Incl. interest rate
contracts

Financing Liabilities:(2)of which long-term: € 11.2 bn
 Includes € 8.0 bn EMTN and$ 2.3 bn 144A/RegS & USPP (nominal amounts)

Total Gross CashInvested inhighly rated securities
Credit Ratings:€ 7.2 bn
Net Cash (3)Short-term rating: S & P:
A-1
 Moody’s:
P-1
Long-term rating: S & P:A stable outlook
 Moody’s:
A2 stable outlook(1) The €6bn RSCF was cancelled and refinanced by a new €8bn Sustainability Linked RSCF with a 5 years tenor and 2 extension options of 1 year, signed with 38 banks on July 5, 2022. Undrawn.
(2) The H1 2022 Gross Debt includes financing liabilities for € 13.3 bn and interest rate contracts related to fair value hedges for € 1.1 bn(3) The Company has decided to refine the net cash definition to include interest rate contracts related to fair value hedges which is also reflected in the H1 2022 balanceQ2 2022 Key FiguresIN € MILLION22

Q2 2022

Q2 2021

Revenues

12,81014,177

EBIT Adjusted

1,382

2,009

EBIT

1,150

2,265

682

1,869

FCF before M&A

1,498

849

FCF before M&A and Customer Financing

1,742

849

Net Income

IN € MILLION
Q2 2022

Q2 2021

Revenues

Q2 2022

Q2 2021

EBIT Adjusted

Q2 2022

Q2 2021
EBIT

Airbus

8,992

10,541

1,211

1,758

1,236

2,044

Helicopters

1,479

1,417

125

121

125

121

Defence and Space

2,603

2,423

49

170

(208)

140

Eliminations

(264)

(204)

(3)

(40)

(3)

(40)

12,81014,177

1,382

2,009

1,150

2,265

Consolidated Airbus

Detailed Free Cash FlowIN € MILLION

23

H1 2022

H1 2021

7,740

4,724

2,002

2,130

323

710

(679)

(828)

(749)

(802)

1,646

2,012

(19)

(8)

1,665

2,020

(290)

(31)

1,955

2,051

Change in capital and non-controlling interests

140

133

Change in treasury shares / share buyback

(36)

0

Change in liability for puttable instruments

135

0Contribution to plan assets of pension schemes

(387)

(175)

(1,181)

0

(843)

49

7,214

6,743

Net Cash position at the beginning of the period (1)Gross Cash Flow from Operations
Change in working capital

(2)

(3)

Cash used for investing activities (4)of which Industrial CapEx (additions)Free Cash Flow

(5)

(6)

of which M&AFree 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(1) The Company has decided to refine the net cash definition to include interest rate contracts related to fair value hedges which is also reflected in the H1 2022 balance(2) Excluding working capital change, contribution to plan assets of pension schemes and realised FX results on treasury swaps(3) Including net customer financing and excluding some perimeter change impacts from changes in consolidation(4) Excluding change in securities and change in cash from changes in consolidation and excluding bank activities(5) Excluding leased and financial assets(6) Excluding change in securities, change in cash from changes in consolidation, contribution to plan assets, realised FX results on treasury swaps and bank activities

Net Cash PositionIN € MILLION

24

June 2022

Dec. 2021

Gross Cash

21,561

22,683Financing Liabilities(13,297)(15,040)

Short-term Financing Liabilities(2,053)(1,946)Long-term Financing Liabilities(11,244)(13,094)

Interest rate contracts(1,050)97

Reported Net Cash (1)

7,214

7,740

(1) The Company has decided to refine the net cash definition to include interest rate contracts related to fair value hedges which is also reflected in the H1 2022 balanceCustomer Financing ExposureIN € MILLION

25

June 2022

Dec. 2021

AirbusClosing rate € 1 =June 2022

Dec. 2021

Helicopters$ 1.04$ 1.13$ 1.04$ 1.13

550

364

36

58

of which off-balance sheet

44

41

2

26

Estimated value of collateral

(485)

(282)

(36)

(58)

Net Exposure

65

82

0

0

Provision and asset impairment

(65)

(82)

0

0

0

0

0

0

Total Gross Exposure

Net Exposure after provisionAirbus Customer Financing

26

IN € BILLION
AdditionsAirbus Customer
Financing Gross
Exposure

0.8
0.6

0.3

1.0
0.6

0.5

Amortization
0.9

0.8
0.6

Net change
0.7
0.1

(0.2)

(0.2)
(1.1)

0.8

Sell Down

(0.1)

(0.1)

(0.7)

(0.7)

(0.3)
(0.7)

(0.7)

(0.6)

(0.1)
(0.2)

(0.1)

(0.1)

(0.2)

(0.1)

(0.5)

(0.7)

(0.2)
(0.1)

(0.6)

0.3

0.2

0.0

(0.2)

(0.3)

(0.4)

(0.1)

(0.1)

(0.1)

0.2
(0.0)
(0.0)

(0.2)

(0.1)

Gross Exposurein $ bn

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

1.5

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

0.6

Net Exposure fully provisioned

Net Exposure € 0.1 bn

Gross
Exposure€ 0.4 bn($ 0.4 bn)

Estimated
Collateral€ 0.3 bn($ 0.3 bn)

Net Exposure fully provisioned
Net Exposure € 0.1 bn
Gross
Exposure€ 0.6 bn($ 0.6 bn)

Estimated
Collateral€ 0.5 bn($ 0.5 bn)

31 December 2021

30 June 2022€/$ = 1.13€/$ = 1.04

Balance Sheet Highlights: Assets
IN € MILLION

27

June 2022

Dec. 2021

Non-current Assets

52,87051,247of which Intangible & Goodwill

16,543

16,367of which Property, plant & equipment

16,488

16,536of which Investments & other long-term financial assets

5,744

5,673

of which Contract assets

26

27

of which Positive hedge mark-to-market

895

664

of which Non-current securities

6,339

6,794

Current Assets

60,77455,800of which Inventory

32,47828,538of which Contract assets

1,412

1,377

of which Cash and cash equivalents

14,145

14,572of which Current securities

1,077

1,317

of which Positive hedge mark-to-market

1,338

341

0

0

113,644

107,047

1.04

1.13

Assets of disposal groups classified as held for sale
Total Assets
Closing rate € vs. $Balance Sheet Highlights: Liabilities28

IN € MILLION

June 2022

Dec. 2021

Total Equity

8,706

9,486

of which AOCI (Accumulated Other Comprehensive Income)(6,316)(1,822)27

20

Total Non-current liabilities

49,68949,754of which Pensions

3,175

6,659

of which Other provisions

4,031

4,112

of which Financing liabilities

11,244

13,094of which European Governments’ refundable advances

3,772

3,730

of which Contract liabilities

19,312

18,620of which Negative hedge mark-to-market

7,190

2,640

Total Current liabilities

55,24947,807371

413

of which Other provisions

3,709

4,097

of which Financing liabilities

2,053

1,946

130

131

of which Contract liabilities

26,312

23,906of which Trade liabilities

11,6929,693

of which Negative hedge mark-to-market

4,528

1,923

0

0

113,644

107,047of 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 30 June 2022

Free Float
Shareholder Agreement
SOGEPA 788,136,199 shares issued at 30 June 2022

29

74.0%
25.9%
10.9%

GZBV

10.9%

SEPI

4.1%

Treasury Shares

0.1%

Quarterly Revenues Breakdown (Cumulative)IN € MILLION

30

Q1
2022

H1
2021

2022

9m
2021

2022

FY
2021

2022

2021

Airbus

8,541

7,272

17,533

17,813

24,61836,164

Helicopters

1,265

1,177

2,744

2,594

4,137

6,509

Defence and Space

2,453

2,115

5,056

4,538

6,881

10,186

Eliminations

(259)

(104)

(523)

(308)

(481)

(710)

12,00010,46024,81024,63735,15552,149Consolidated Airbus

Quarterly EBIT Adjusted Breakdown (Cumulative)IN € MILLION

Q1
2022

Airbus

31

H1
2021

2022

9m
2021

2022

FY
2021

2022

2021

1,065

533

2,276

2,291

2,739

3,570

Helicopters

90

62

215

183

314

535

Defence and Space

106

59

155

229

284

696

2

40

(1)

0

32

64

1,263

694

2,645

2,703

3,369

4,865

Eliminations
Consolidated Airbus

Quarterly EBIT Breakdown (Cumulative)IN € MILLION

Q1
2022

Airbus

32

H1
2021

2022

9m
2021

2022

FY
2021

2022

2021

1,242

343

2,478

2,387

2,889

4,175

Helicopters

90

62

215

183

312

535

Defence and Space

95

17

(113)

157

204

568

Eliminations

2

40

(1)

0

32

64

1,429

462

2,579

2,727

3,437

5,342

Consolidated Airbus

H1 2022 IFRS vs. APM Cash Flow ReconciliationIN € BILLION

June 2022

33

IN € BILLION

June 2022

Cash provided by (used for) operating activities

1.9

Cash provided by (used for) operating activities

1.9

t/o Reimbursement from / contribution to plan assets(0.4)

Cash provided by (used for) investing activities(0.6)

t/o Treasury swaps

0.0

t/o Net proceeds (payment)

0.3

t/o Change in other operating assets and liabilities

0.3

Others0.6

Gross Cash Flow from Operations

2.0

Free Cash Flow

1.6

t/o M&A transactions(0.0)

Free Cash Flow before M&A

1.7

t/o Customer Financing(0.3)

FCF before M&A and Customer Financing

2.0

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
these limitations, 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 beforechanges in other 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 other operating 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.
 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
the amount 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 indicator that is important in order to measure FCF excluding those cash flows from the acquisition and disposal 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.