Airbus Annual Report
Overview 2022

Progressing
withpurpose01

We pioneer
sustainableaerospace
for a safe andunited world

In 2022, we made progress on objectives that
support our purpose to pioneer sustainableaerospace for a safe and united world.
We focused on navigating a complex operating
environment while at the same time moving forwardwith our priorities. This included the development of
new products, improving our industrial set-up andsecuring contracts that help nations protect theirvalues, citizens and sovereignty.
It was a year of progressing with purpose.

Contents
02 Airbus SE at a glance
04 Chairman’s message
06 CEO interview
08 Purpose in action
12 Strategy
13 Sustainability

15 Airbus
16 Airbus Helicopters
17	
Airbus Defence and Space
18 CFO interview
20 Share information

Where applicable, ‘Airbus’ refers to commercial aircraft andthe integrated functions while ‘the Company’ refers to Airbus
SE together with its subsidiaries.
Rounding
Due to rounding, numbers presented may not add up
precisely to the totals provided and percentages may notprecisely reflect the absolute figures.

Airbus / Annual Report – Overview 2022

Overview / Airbus SE at a glance

02

2022

The year saw many significant events across the Company.
These included contract signings and programme milestones
as well as progress on decarbonisation.

Financial

Non-Financial (2)Revenues (€ million)

Energy consumption (GWh)(2021: 52,149)(From stationary sources and electricity)

EBIT Adjusted (€ million)

CO2e Scope 1 & 2 emissions (ktons)(2021: 4,865)(CO2 equivalent)

EBIT Reported (€ million)

Total employee training (millions of hours)(2021: 5,342)(1 Oct. 2021 to 30 Sept. 2022)

Reported earnings per share (1) (€)

Ethics & Compliance e-learning sessions

58,763
5,627

5,325
5.40

2,594
762

1.79

290,178(2021: 5.36)(1 Oct. 2021 to 30 Sept. 2022)

Order intake (€ million)

Number of employees(2021: 62,007)(End 2021: 126,495)

82,521

134,267

Safeguarding future security
in Europe
Key defence contracts were signedwith governments and between
industry partners that will help
safeguard Europe’s long-term
security and its strategic autonomy.
These included Demonstrator Phase
1B of the Future Combat Air System
programme (pictured), the Eurodrone
global contract and Spain’s order for
20 latest-generation Eurofighter jets.

A321XLR flight testinggets underway
The A321XLR flew for the first time,with three prototype aircraft involvedin the flight testing campaign by
the end of the year. It will provide
operators with longer range forsingle-aisle commercial aircraftand offer lower fuel consumption
per seat compared to previousgeneration aircraft.

(1) FY2022 average number of shares 787,080,579 compared to 785,326,074 in FY2021.
(2) For further information see the Non-Financial Information section of the Universal Registration Document 2022.

Airbus / Annual Report – Overview 2022

Overview / Airbus SE at a glance

Summit showcases international cooperation
The Airbus Summit 2022 brought together businessleaders, partners and industry experts to evaluate
progress on sustainability in the field of aviation.
Panel events focusing on decarbonisation, disruptive
technologies and hydrogen sat alongside discussions
on the need for robust European defence and security
and what’s next in Space (pictured, featuring Airbus
employee and ESA-selected astronaut PabloÁlvarez Fernández).

03

New outsize transport
service launched
Airbus launched a new transport
service for outsized freight basedon the BelugaST and aimed atcustomers worldwide. The BelugaST
fleet is progressively being madeavailable as the larger BelugaXLs
increasingly serve Airbus’ owninternal transport requirements.
An Airbus Eurostar Neo satellite
being delivered to the Kennedy
Space Center in Florida (pictured)shows the aircraft’s capability.

Further progress for the H160 helicopter
The innovative twin-engined H160 helicopter
entered into service, representing a key landmark
for the programme. Showing its multi-role
capability, an H160 started operating in Japan as
an ‘eye in the sky’ for television stations while thefirst ever ACH160 variant was delivered in Brazil.
Meanwhile, the French Navy received its first
H160 for search and rescue missions (pictured).

External revenue split
Airbus19%

11%

Airbus Helicopters
Airbus Defence
and Space€ 58.8bn(2021: € 52.1bn)

69%

Order book in value by region
Airshows highlight industry’s recovery
and priorities
Against a backdrop of rising passenger traffic, theaerospace industry reconnected at the FarnboroughAirshow for the first time since the COVID pandemic.
The UK event (pictured) was also an opportunity for
Airbus to display products and showcase its ambition
to decarbonise. The ILA Berlin Air Show took place
for the first time since 2018, including a strong focus
on defence.

5%8%Europe6%

Asia Pacific31%€ 449bn

22%(2021: € 398bn)

North America
Middle East
Latin America
Other

29%

Airbus / Annual Report – Overview 2022

Overview / Chairman’s message

04

focused
Stayingin uncertain times

environment. Nevertheless, passenger traffic
continued to recover globally, demonstrating
the vital role air travel plays in connecting people
and driving international trade.

René Obermann
Chairman of the Board

René Obermann outlines the Company’s
operating environment and performancein 2022. He also highlights the Board’s
activities and resolutions at the 2023 AGM.
Dear Shareholders, dear Stakeholders,2022 proved to be a year of considerable
geopolitical and economic uncertainty. In myremarks last year, I referenced what was thenan emerging crisis on Europe’s easternborders. Regrettably, the conflict continues,
demonstrating the fragility of global peace
and underscoring the need for a renewed
focus on defence as a prerequisite forsustainability and prosperity.

2022 Dividend (€ per share)

1.80

To be proposed to the 2023 AGM

Russia’s invasion of Ukraine has been awake-up call for Europe. It has not only
highlighted the essential role that defence plays
in society but also how European nations need
to work closely together and achieve even higher
levels of strategic autonomy in this critical area.
They have to remain strong and reliable partnercountries within NATO and for other allies. Close
cooperation is also required to ensure that
Europe remains competitive in the rapidly
evolving Space sector.
Reflecting on the year for our industry, thelingering effects of the COVID pandemic,
combined with the war in Ukraine, led to global
disruption and underscored the need to ensurea robust supply chain, not overly dependent on
any single source. Soaring energy prices andinflation impacted the global economy andforced central banks to raise interest rates
sharply. This all led to stark increases in the costof living for people around the world. Heightened
geopolitical tensions outside of Europe also
compounded the complex operating

At Airbus, commercial aircraft deliveries
increased year-on-year, although fewer aircraft
were delivered than originally targeted amid the
difficult operating environment. In a promisingdevelopment, some important defence contracts
were signed that will safeguard EU nations’sovereignty over the coming decades, including
the next phase of the Future Combat Air System.
Meanwhile, the helicopters business had
another successful year with higher deliveries.
Overall, the Company reported increased
revenues, free cash flow and EBIT Adjusted.
Against this backdrop, the Board and its
Committees met frequently during 2022. There
were dedicated sessions to discuss topics ofnote, including the defence strategy, safety andcybersecurity. The Board also closely monitored
developments in various legal proceedings andtogether with the Audit Committee supported
management as it adjusted the 2022 guidance
during the year. The Remuneration, Nomination
and Governance Committee supported thesearch for a new Chief Financial Officer andnew non-executive directors.

Recruiting people with key skills and retaining
them – particularly in emerging technologies
and cybersecurity – was a topic that we revisitedseveral times. Airbus recognises the power ofdiversity, which drives creativity, innovation andproblem solving, and continues to strive to be acompetitive employer. Attracting the best talent
will be of great importance in the years to come.
Sustainability was a key theme that continued
to resonate for the Board, specifically at
meetings of the Ethics, Compliance andSustainability Committee. Important topics suchas Ethics and Compliance, our decarbonisation
agenda, Human Rights and Inclusion andDiversity were frequently addressed at thehighest level. Airbus is dedicated to leading
the journey towards sustainable aerospaceand coalescing a supportive ecosystem thatembraces alternative fuels and enables
disruptive technologies. We can’t do thisalone. The right frameworks and incentives at
a government level will be needed to improve
both appetite and capacity for sustainableaviation fuel. However, the direction of travelis clear: at the ICAO 41st Assembly, Member
States achieved an historic alignment withaviation industry bodies such as IATA and ATAG,
adopting the long-term aspirational goal to reach‘net-zero carbon emissions by 2050’.

Airbus / Annual Report – Overview 2022

Overview / Chairman’s message

Board Members were highly motivated to takea closer look at certain Airbus facilities. A Board
meeting took place on the Broughton site in the
UK while visits were organised at Defence andSpace facilities in Getafe (Spain), Manching(Germany) and Labège (France). These visits
provide valuable insight into the hard work
undertaken by employees to deliver on the
Company’s priorities.
With the easing of health and travel protocols,
members of the Board and management team
were pleased to welcome shareholders inperson at the 2022 Annual General Meetingin Amsterdam. This meeting approved Irene
Rummelhoff’s appointment to the Board as a
non-executive director, bringing expertise in thefields of energy transition and renewables. Lord
Drayson resigned from the Board on the dateof the 2022 AGM to focus on his political andbusiness interests, and we thank him for his
engagement during his five years as a nonexecutive director.
At this year’s AGM, the Board mandates ofRalph Crosby Jr., Mark Dunkerley and StephanGemkow are due for renewal and we areproposing a three-year term for Antony Wood.
Antony replaced Lord Drayson on the Board in
December 2022 and brings with him extensive
experience of the aerospace industry anddefence sector. Through our staggered director
renewal process, we aim to ensure the Board
has the right skills going forward.

05

In 2022, Airbus resumed paying dividends
after a two-year hiatus that was necessary tomaintain the Company’s liquidity and financial
strength during the COVID crisis. At this year’s
AGM, we will propose the payment of a higher
gross dividend of € 1.80 per share, reflecting
our commitment towards sustainabledividend growth.
Finally, on behalf of the Board I salute the strong
engagement of Airbus employees globally, frommembers of the Executive Committee setting
the strategy right through to those joining at thevery start of their careers. Together, we aim toensure that Airbus remains resilient andcontinues to progress – with purpose.

Board of Directors
As of 31 December 2022

René Obermann
Chairman of the Boardof Directors, Airbus SE

Guillaume Faury
Chief Executive Officer
Airbus SE

Victor Chu

Jean-Pierre Clamadieu
Chairman of Ethics,
Compliance andSustainability Committee

Ralph D. Crosby, Jr.

Mark Dunkerley

Stephan Gemkow

Catherine Guillouard
Chair of Audit Committee

Amparo Moraleda
Chair of Remuneration,
Nomination and
Governance Committee

Claudia Nemat

Irene Rummelhoff

Antony Wood

René Obermann
Chairman of the Board

2022 proved to be a yearof considerable geopoliticaland economic uncertainty...
I salute the strong engagementof Airbus employees.”

Audit Committee Remuneration, Nomination and Governance Committee
Ethics, Compliance and Sustainability Committee

Airbus / Annual Report – Overview 2022

Overview / CEO interview

06

courseStaying theGuillaume Faury outlines Airbus’ performancein 2022, including the key operational andfinancial takeaways. He also discusses thepriorities for the Company.
Q. How would you assess Airbus’ year?
Even though there were some notablesuccesses, 2022 proved to be more difficult
than expected. We began the year full of
optimism, in anticipation of finally putting
COVID-19 behind us. Demand for commercial
aviation had rebounded in most parts of theworld and airlines had high expectations ofAirbus to provide them with the aircraft theyneeded. However, after two years dominatedby a pandemic-driven demand crisis, we faced
the opposite challenge: a crisis of supply.
There were various macroeconomic headwinds
to navigate, and Russia’s invasion of Ukraine –plus the related sanctions – added to theadverse operating environment. The industry
faced many constraints over the supply oflabour, raw materials and electronic components
against a backdrop of sharply rising inflation and

We delivered a solid
underlying financial
performance.”

energy prices. The pandemic also continued tocast a long shadow in some parts of the world.
However, we came together as Team Airbus
to address these challenges and make progresson our strategic priorities. This combined effort
meant we achieved our financial targets eventhough we had to reduce our commercial
aircraft delivery targets.
Q. What were the main operational andcommercial developments?
The number of commercial aircraft deliveriesrose by eight percent year-on-year to 661,
although as stated this was less than we had
aimed for. Nevertheless, it was a successful
year on the sales front, with the 1,078 grossand 820 net orders reflecting the broad
strength, competitiveness and efficiencyof our product line.
We set out our A320 Family production plans
with an objective to reach a monthly rate of
75 aircraft in 2026. To support this we aremodernising and upgrading our industrial
set-up globally, including upgrading our A320
Family final assembly facilities to all be capableof producing the in-demand A321 model. We
established two new entities in the year for our
reorganised and streamlined aerostructures
operations. Probably the most significant
operational landmark was the maiden flight of
our A321XLR, which will open up new routes
for single-aisle aircraft operators.

Guillaume Faury
Chief Executive Officer

Helicopters saw a solid performance with higherdeliveries, and a book-to-bill above 1 by units
and value. It was particularly pleasing to see theH160 enter into service and mark further delivery
milestones, while securing additional orders.
Highlights on the military side included thelaunch of a major upgrade to the Tiger
helicopter for France and Spain.
Defence and Space achieved a book-to-bill byvalue above 1, driven by some major defence
projects that are critical to Europe’s ambitions
for strategic autonomy. This included a majoradvance in the Future Combat Air System
programme, with the signing of theDemonstrator Phase 1B contract, andadditionally there was the global Eurodrone
agreement. Operational highlights in Space
included a successful Moon-orbiting mission
for the Orion spacecraft, which relied on the
Airbus-built European Service Module.

Q. How was the financial performance?
We delivered a solid underlying financial
performance overall despite the adverseand complex operating environment. Airbus‘Commercial’ and the Helicopters activities eachreported higher EBIT Adjusted, while Defence
and Space’s performance reflected various
headwinds including the loss of two Pléiades
Neo satellites and the Ariane 6 delay.
Overall, we ended the year with an EBIT Adjustedof € 5.6 billion, representing a 16 percent increaseyear-on-year. Free cash flow before M&A andcustomer financing improved to € 4.7 billion andwas supported by the favourable foreignexchange environment.
The Board has been able to recommend thepayment of a 2022 dividend of € 1.80 per share,
up from € 1.50 in 2021, and representing an
improved payout ratio.

Airbus / Annual Report – Overview 2022

Overview / CEO interview

Q. What are the key priorities for this year
and beyond?
We already know that 2023 will be another year
characterised by geopolitical and macroeconomic
challenges. As a company we have to beprepared for that. The so-called VUCA world is areality for all businesses now, but I am confident
we can still thrive thanks to the pride, ingenuity
and commitment of the teams here at Airbus,
with our solid foundation of safety, quality,
integrity, compliance and security.
This year we need to remain focused on meeting
our commitments for both our civil and militarycustomers. We want to deliver on our commercial
aircraft backlog over the coming years as there
is strong demand globally for more fuel-efficient
aircraft. Therefore, one of our principal operational
priorities is to ramp-up single-aisle aircraft
production. To achieve this we will need toremain vigilant against pressures on our supply
chain and work closely with our partners.
Having the right skills and resources internallyis vital if we are to meet these growth ambitions,progress with our decarbonisation roadmap andtransform the Company. This transformation willusher in the next generation of products andservices, including technologies that will be
critical for the huge defence projects we areworking on. Aside from more traditional technicaland manufacturing profiles, we need expertise inareas such as new energies, cyber and digital.
Our human resources function is leading thesearch for the best talent.
As we highlighted at our second Airbus Summit,
which took place in late 2022, we have continued
to play a leading role in setting the sustainability
agenda for the aerospace sector. We madeprogress on our decarbonisation strategy andthrough collaboration and partnerships are now
seeing our ambitions give way to real progress.

07

Sustainable aviation fuel (SAF) is a key
decarbonisation solution, and we were pleased
to announce a partnership with Neste, one of
the world’s leading SAF producers, to promote
the take-up of SAF. We continued to mature
new technologies that could power the next
generation of commercial aircraft, andannounced partnerships that support thedevelopment of a hydrogen ecosystem. The
aviation industry was buoyed further in 2022 by
the announcement that the International Civil
Aviation Organization had adopted a long-term
aspirational goal to reach ‘net-zero carbon
emissions by 2050’.
In 2022, we submitted near-term greenhouse gas
emission reduction targets to the Science Based
Targets initiative (SBTi) for validation. Thesetargets, which cover the entire scope of ouremissions, have now been validated. They will
help us to provide greater transparency andaccountability, and ensure we are doing what
we say we will do.

Executive Committee
As of 31 December 2022

Guillaume Faury
Chief Executive Officer
Airbus SE

Dominik Asam(1)Chief Financial Officer

Thierry Baril
Chief Human
Resources Officer

Bruno Even
Chief Executive Officer
Airbus Helicopters

Alberto Gutiérrez
Chief Operating Officer

John Harrison
General Counsel

Catherine Jestin
Executive Vice President
Digital and Information
Management

Julie Kitcher
Executive Vice President
Communications andCorporate Affairs

Sabine Klauke
Chief Technical Officer

Philippe Mhun
Christian Scherer
Executive Vice President Chief Commercial Officer
Programmes and Services and Head of Airbus
International

Michael Schoellhorn
Chief Executive Officer
Airbus Defence and Space

Our aim is to stay the course and continue
pioneering sustainable aerospace for a safeand united world. We know what we need todo, and will remain focused on delivering
operational excellence and adapting to meet
future challenges.

(1) Dominik Asam left the Company
in March 2023. See page 19 fordetails on his successor.

Airbus / Annual Report – Overview 2022

Overview / Purpose in action

Unite

08

Guided by the purpose
Airbus pioneers sustainable aerospace fora safe and united world. The following pages
illustrate how this purpose is embedded into
everything the Company does.

Valuing people andtheir contribution to
Airbus’ success.
2022 was a year of milestone anniversaries.
Airbus has been connecting people with its
commercial aircraft for many decades andcelebrated the 50th anniversary of the first
A300 flight during the year. 2022 also marked
the 30th anniversary of the creation ofEurocopter, the foundation for what is now
Airbus Helicopters. To celebrate this milestone,
Airbus Helicopters hosted Airbus Pioneer Days inFrance, Germany and Spain, inviting employees
and their close family and friends for a day ofactivities. Airbus also continued to break groundin 2022 with new projects, such as the maiden
flight of the A321XLR in June.
Airbus’ 130,000 colleagues care deeply about thecommunities where the Company operates andare united by a shared commitment to maximise

their positive impact on people and the planet.
Airbus is pleased to support its employees andthe causes they care about through the launchof a new community impact platform, +impact.
The Company also hosted events to raise funds
for specific partner organisations. For example,
Airbus hosted a charity run in October (pictured)2022 at its Blagnac and Saint-Martin sites in aid
of Airbus Foundation partner Alliance pourl’Education – United Way. This charity supports
equal opportunities and schooling for young
people in priority areas in Toulouse, France.

Airbus / Annual Report – Overview 2022

Overview / Purpose in action

09

Developing the SAF
solely powered by SAF in June, October’s firstaircraft delivery flight in China using
ecosystem and bolstering commercial
a SAF-blend, and the first 100% SAF flight using
an in-service military aircraft (an A330 MRTT) in
in-house research.
November. Airbus signed a Memorandum of
In 2022, Airbus continued to advance its
decarbonisation agenda, particularly with theuse of sustainable aviation fuel (SAF). The year
saw several key milestones in the usage of SAF,
with the world’s first helicopter flight (an H225)

Understanding (MOU) with Neste, one of theworld’s leading SAF producers, to promote theaviation sector’s transition to SAF. The Company
also used 30% SAF on the BelugaST transportingan Airbus-built telecommunications satellite to
the Kennedy Space Center in October.

Airbus continued to invest in its in-house researchcapabilities, particularly those which explore
disruptive technologies. The year concluded
with a collaboration agreement signed between
wholly-owned subsidiary Airbus UpNext and
CERN, the European laboratory for particle
physics, to mature superconducting technologies
and their potential application in future aircraft.

Innovate
Airbus / Annual Report – Overview 2022

Overview / Purpose in action

Protect
Helping nations protect
their citizens, values
and infrastructure.
Airbus products, services and systems are incontinuous use by armed forces and publicauthorities to help nations protect their people,
borders and critical assets. Defence is aprerequisite for a safer and more secure world.
This was clearly shown in 2022 as major conflictcontinued on Europe’s eastern borders.
Airbus-built military aircraft such as theEurofighter, A330 MRTT, C295 and A400M
fulfil critical roles while Airbus satellites provide
secure communications for armed forces andconnectivity and intelligence solutions togovernments. Airbus helicopters perform criticalparapublic roles such as search and rescue, law

enforcement and emergency medical services
while military models such as the H225M and
NH90 serve armed forces worldwide.
Airbus Defence and Space successfully tested
a removable firefighting kit on the A400M in Spain(pictured), showing the aircraft’s wide-ranging
capabilities. This innovation was a response to theincreasing threat presented by wildfires, as seenso dramatically in parts of Europe and elsewhere

10

during 2022. The Airbus solution comprises aroll-on/roll-off kit that requires no modification
to existing aircraft and therefore enables a rapid
response to unforeseen fires. These innovations
complement Airbus helicopters that are alreadyextensively used in firefighting missions.

Airbus / Annual Report – Overview 2022

Overview / Purpose in action

ExploreExpanding humanknowledge of Earthand the Universe.
The purpose is clearly demonstrated in the
Company’s pioneering Space activities, fromsatellites that connect people and monitor climatechange on Earth through to spacecraft andinstruments that expand human knowledge of the
Universe. In 2022, the uncrewed Orion spacecraft(pictured) successfully orbited the Moon before

returning safely as part of NASA’s Artemis I
mission. Under the full Artemis programme,a lunar landing is planned and would represent
humankind’s first return to the Moon in over
50 years. Orion relies on Airbus technology for
essential functions that the astronauts will need tostay alive through the European Service Module(ESM) which sits just underneath the Crew
Module. Under a European Space Agency
contract, Airbus in Bremen, Germany, is
responsible for building the ESM, which bothpropels and manoeuvres Orion and provides
the spacecraft’s crew with water and oxygen.

11

The James Webb Space Telescope –which includes the Airbus-built Near Infrared
Spectrograph or NIRSpec instrument – started
sending images and data back to Earth in
2022. NIRSpec was designed, developed, andintegrated on the telescope by a team of morethan 70 people at Airbus sites in Ottobrunn andFriedrichshafen, Germany, as well as Toulouse,
France – with support from NASA and anumber of European subcontractors.

Airbus / Annual Report – Overview 2022

Overview / Strategy

12Grow Airbus as an aerospaceand defence leader

Leverage European roots
to pursue global reach

Increase capacity to invest
for the future

Lead the transformationof the aerospace industry

The Company’s ability to grow in the future will
be earned through continuous innovation, bothin and around its current portfolio, as well as
when preparing the future generation of
products and related services.

Over 50 years, the Company has built on its
strong European heritage to become truly
international. Continued investment in its
global footprint is a key strength whenaddressing international markets.

The right combination of growth, profitability andresilience is vital to the Company’s long-termcompetitiveness. Continuous improvement isessential to further support the Company’s
resilience and prepare for future investments.

Meaningful reductions in carbon emissions
are within reach. Through a resilient businessmodel, the Company will continue to lead thedecarbonisation of the aerospace sector while
meeting international ESG standards.

Drivenby our strategy

The Airbus Strategy is based on four key near-term
areas of focus that will enable the Company to deliveron its purpose. These areas of focus are drawn from the
major trends that influence our operating environment:
geopolitics, sovereignty, resilience and sustainability.

For further details of
the strategy see the Universal
Registration Document.

Airbus / Annual Report – Overview 2022

Overview / Sustainability

13

Continuing thesustainability
focus

Airbus’ purpose is to pioneer sustainableaerospace for a safe and united world.
The Company is deeply aware of its
responsibility to society and future
generations, and contributes to the UN
Sustainable Development Goals (“SDGs”)
through its core business and how it
operates. The Company approaches
sustainability by respecting the planet,
valuing people and enabling prosperity.
These guiding principles are embedded
in its operations and activities.

Commitment to the UN SDGs
Through its business activities and sustainability commitments, the Company contributes to atleast eight of the United Nations Sustainable Development Goals.
Quality education
Ensure inclusive and equitable quality
education and promote lifelong learning
opportunities for all.

Responsible consumption and production
Ensure sustainable consumption andproduction patterns.

Gender equality
Achieve gender equality and empower
all women and girls.

Climate action
Take urgent action to combat climate change
and its impacts.

Decent work and economic growth
Promote sustained, inclusive and sustainableeconomic growth, full and productive
employment and decent work for all.

Peace, justice and strong institutions
Promote peaceful and inclusive societies forsustainable development, provide access tojustice for all and build effective, accountable
and inclusive institutions at all levels.

Industry, innovation, and infrastructure
Build resilient infrastructure, promote inclusive
and sustainable industrialisation andfoster innovation.

Partnerships for the goals
Strengthen the means of implementation
and revitalise the global partnership forsustainable development.

The Company strives to respect the planet,
improving its products as well as addressing
its environmental impact. 2022 saw many
milestones in the deployment of sustainableaviation fuel, as well as efforts to reduce emissions
on Airbus sites and in the service life of Airbus
products. In order to hold itself accountable tomaking continuous improvement in this area,in 2022 Airbus established robust, clearly-definedtargets in line with climate science and submitted
them to the Science Based Targets initiative (SBTi)
for validation, which were approved by the SBTi
in January 2023.
The Company is committed to valuing people,
with a business built on a foundation of safety,

quality, integrity, compliance and security.
Valuing people also means supporting
humanitarian efforts and global resilience.
Global events in 2022, notably the war in
Ukraine, saw the relationship between
sustainability and security, and the ways inwhich safety, defence and sustainability
mutually reinforce each other, come to the fore.
The Company enables prosperity, andrecognises the way in which it can help to unite
cultures, connect economies and encourage
global cooperation. Some of the many
agreements signed during the course of 2022
included: partnerships with engine manufacturer
CFM International to ground- and flight-test ahydrogen combustion engine and a flight‑test
demonstrator for advanced open fanarchitecture; a partnership to advance theecosystem for alternative propulsion technologies
with Renault; research on superconductivity that
could be applied to future electric or hydrogenpowered aircraft; and a partnership with HyPort
to create one of the first airport production anddistribution stations for low-carbon hydrogen.
The Company’s sustainability strategy
remains aligned with four priority sustainability
commitments which correspond to the relevant
UN SDGs (see table): to lead the journey towards
clean aerospace; to build our business on thefoundation of safety and quality; to respecthuman rights and foster inclusion; and to
exemplify business integrity. The Universal
Registration Document provides detailed
disclosures on each of these commitments.

Airbus / Annual Report – Overview 2022

Overview / Sustainability

14

Reducing energy consumption
and emissions on our sites

The following examples represent a selectionof the sustainability activities which took
place across the Company in 2022.

Strengthening our corporate approachto community impact
In 2022, Airbus SE strengthened its approachto community impact by launching a new
Community Impact Policy, with an emphasis
on supporting communities in a sustainable,
equitable and measurable way, and focusing
on three principle themes: supporting anddeveloping vulnerable communities, youth andquality education, and safeguarding the futureof the planet. The Company also launched a new
dedicated digital platform, +impact, to empower
employees to donate, fundraise and volunteer forcauses they care about. To tie in with the launchof this platform, a donation-matching campaign
supported impact-projects that had existing
partnerships with Airbus: this initiative reachedover 60 organisations across 15 countries
including the UK, France, Germany, Spain,
Kenya, USA, and several countries in the
Latin America and Asia Pacific regions.
Throughout the year, Airbus also developed
several corporate giving partnerships, prioritisingprojects which respond to specific community
needs and create lasting positive impact.
Examples of projects that were undertaken in
2022 included constructing transitional houses in
Latin America; securing access to early education
opportunities for children from underserved
communities in the Philippines and mentoring
girls in STEM subjects in Latin America; andbiodiversity restoration projects such as
rejuvenating two lakes in Bangalore and Manesar(India) and rebuilding a wildlife pond in Bristol (UK).

Amplifying our impact via the
Airbus Foundation
The Airbus Foundation facilitates philanthropic
initiatives worldwide by providing access to
Airbus’ unique portfolio of high-tech products,
services and know-how.
In 2022, the Airbus Foundation continued towork with its partners to provide humanitarian
response, carrying more than 175 tons of aid
and chartering 302 flight hours in response toflooding and famine crises, among others, incountries like the Philippines, Madagascar andSomalia. The Foundation provided 27,419 km²
of satellite imagery coverage to its partners
worldwide to facilitate assessment andresponse planning.
The Airbus Foundation enriched its offering
for young people by launching a new, free-toaccess website featuring STEM content in four
languages: the Airbus Foundation Discovery
Space. In 2022, the Foundation’s youth
programmes reached 9,000 students across
17 locations.
The Airbus Foundation provided 2,453 km² ofsatellite imagery to the Connected Conservation
Foundation, to support the preservation of wildlife
and natural ecosystems in South Africa and
Kenya. It also provided imagery and technicaldata and project management services to theInternational Union for Conservation of Nature,
supporting validation of their Restoration
Barometer, which monitors the progressof forest restoration projects.

The Company is committed to taking
environmental responsibility seriously and isactively replacing energy-intensive assets andoptimising energy consumption. A portfolio of
measures is currently being phased in. This
includes low-energy lighting; improved
insulation; voltage management; optimised
heating, cooling and ventilation systems; andrenewable energy production either on siteor nearby, such as photovoltaic panels forelectricity and biogas or biomass for heating.
In Broughton, UK, Paint Shops were placedon automatic standby during weekends andshutdowns, leading to energy savings of
340 MWh. 17,500 fixed phones were removed
across European sites, which in France
represented electricity savings of 920 MWh.
There are also other levers to be deployed:switching to lower-emission vehicles where
possible and better planning of internal flights
and logistics. New Beluga jigs and tools haveenabled each logistic flight to transport two
A350 wings instead of one. Airbus also began
to use SAF in its internal flight test activities,
and in December 2022 launched its first test
campaign to explore the use of renewable
fuel for its fleet of maritime vessels.

Investing in innovation and research2022 saw Airbus make a number of investments
in innovation and research, putting its weightbehind renewable energy technologies. Airbus
invested as Limited Partner in Hy24’s Clean H2Infra Fund, which aims to “scale up the globalhydrogen economy and end-to-end value chain”
by investing in hydrogen infrastructure projects
worldwide. Airbus’ participation allows it to
support the broader hydrogen ecosystem andpromote more widespread use of hydrogen ona cross-industry basis. Airbus also continued
to explore operational improvements, with theconclusion of the pan-European ALBATROSS
project in November, which explored how to
improve air traffic management processes using
the latest technologies and data science.
The Company invested in Carbon Engineering
Ltd., a Canadian-based climate tech company
that develops Direct Atmosphere Carbon Capture(DACC) licensed technology. The investment will
support R&T efforts in developing advanced
technology at Carbon Engineering’s largest
DACC Research & Development facility. Airbus
also signed an agreement with 1PointFive for theofftake purchase of 400,000 tons of carbon
removal credits as a way of bringing carbon
removals to the aviation industry – a move that
attracted interest from a number of major airlines.

Airbus / Annual Report – Overview 2022

Overview / Airbus

15

External revenues by activity
8%92%

Platforms
Services

Deliveries (units)

661

(1)

(2021: 611(2))

Net order intake (units)

820(2021: 507)

Revenues (€ million)

41,428(2021: 36,164)

EBIT Adjusted (€ million)

4,600(2021: 3,570)(1)	After a reduction of two aircraft previously recorded as soldin December 2021 for which a transfer was not possible due
to international sanctions against Russia.
(2) Two A330s delivered on operating lease.

A350F
AirbusKey events 2022
• Deliveries rise 8% to 661(1) aircraft• Book-to-bill significantly above 1• A321XLR flight testing begins• Sustainable aviation fuel flights continue
Commercial aircraft orders anddeliveries rose year-on-year, with asolid increase in revenues and earnings.
2022 included a number of operationaland sustainability milestones.
Gross orders increased to 1,078 commercial
aircraft (2021: 771 aircraft), with net orders
rising to 820 aircraft (2021: 507 aircraft) andcorresponding to a book-to-bill ratio by units
well above 1. Increasing momentum was seen
for widebodied aircraft, with 63 gross ordersof which 24 were A350F freighters. Across all
product ranges, the total order backlog stood
at 7,239 aircraft at the end of 2022.
A total of 661(1) commercial aircraft were delivered(2021: 611(2) aircraft) and by aircraft typecomprised 53 A220 Family, 516 A320 Family,
32 A330 Family and 60 A350 Family. Revenues
increased 15% to € 41,428 million (2021: € 36,164
million), mainly reflecting the higher number ofdeliveries and the strengthening of the US dollar.
EBIT Adjusted increased to € 4,600 million (2021:€ 3,570 million), reflecting the delivery increase
and supported by some non-recurring elements
partly offset by a less favourable currency
hedge rate compared to 2021. The nonrecurring elements included positive impacts
from retirement obligations and compliancerelated topics, partly offset by the impact frominternational sanctions against Russia.

Operational developments
To support the A320 Family ramp-up, Airbus is
upgrading its industrial set-up including making
all A320 Family aircraft final assembly lines
A321-capable. The A321XLR programme began
its flight-test campaign, paving the way for thecertification of the long-range capable aircraft.
By the end of 2022, three prototype A321XLRs
were involved in flight-testing.
A new transport service began operations in
2022, using Airbus A300-600ST ‘BelugaST’aircraft to deliver special payloads forcustomers worldwide.
During 2022, Airbus continued to test thepotential for higher proportions of sustainableaviation fuel in its commercial aircraft. All Airbus
aircraft can currently fly using a 50% blend of
SAF. Airbus’ ambition is for all of its aircraft tobe capable of flying on 100% SAF by 2030.

Airbus / Annual Report – Overview 2022

Overview / Airbus Helicopters

AirbusHelicopters
Key events 2022
• Book-to-bill above 1• Deliveries increase to 344 units• H160 goes into operation• Progress on sustainability roadmap
External revenues by activity

45%

H160
16

The Division contributed positively to theCompany’s overall financial performance,with higher revenues and earnings.
Deliveries increased and milestones
were achieved on programmes anddecarbonisation initiatives.

position. On the H160 programme, the first
ACH160 was delivered to a Brazilian customer
while the French Navy took delivery of thefirst H160 for search and rescue operations.
Meanwhile, the first ever H160 went into
service globally, with a Japanese customer.

Airbus Helicopters’ order intake was wellspread across programmes, with the overall
total of 362 net orders (2021: 414 units)
including 12 H160s. The book-to-bill ratio wasabove 1 both in units and value. Significant
orders included a major upgrade of the Tiger
helicopter for the French and Spanish armies
and a follow-up support contract for the US
Army’s entire fleet of UH-72A and UH-72B
Lakota utility and training helicopters.

Revenues increased by 8% to € 7,048 million(2021: € 6,509 million), mainly reflecting growthin services and a favourable mix in programmes.
EBIT Adjusted increased to € 639 million (2021:€ 535 million), reflecting the higher services andprogramme execution. Non-recurring elements
included the positive impact related to retirement
obligations booked in Q1. The EBIT Adjusted
margin increased to 9.1% from 8.2% in 2021.

Deliveries increased to 344 units (2021: 338
units) with the Division retaining its strong market

55%
Platforms
Services

Deliveries (units)344(2021: 338)

Sustainability and innovation
Further progress was made to reduce thecarbon footprint of current and future aircraft,

Net order intake (units)362(2021: 414)with a focus on using sustainable aviation fuel,hybridisation and electrification.

The DisruptiveLab demonstrator was unveiled at
the Airbus Summit and uses a clean sheet design
to test technologies destined to improve aircraft
performance and reduce helicopters’ CO2emissions. Several partnerships were announced
to support the entry-into-service of the CityAirbus
NextGen electric vertical take-off and landing
prototype. During 2022, an H225 performed thefirst ever helicopter flight solely powered bysustainable aviation fuel.
Airbus Helicopters continued to innovate formilitary applications, with the VSR700 unmanned
aerial system beginning trials for autonomous
take-off and landing capabilities at sea.

Revenues (€ million)

EBIT Adjusted (€ million)(2021: 6,509)(2021: 535)

7,048

639

Airbus / Annual Report – Overview 2022

Overview / Airbus Defence and Space

AirbusDefenceand Space
Key events 2022
• Book-to-bill by value around 1.2• Signing of FCAS, Eurodrone contracts• Airbus-built ESM powers Orion spacecraft• Progress on sustainability initiatives

17

Eurodrone
External revenues by activity

33%

Net order intake (€ million)

13,66067%
Platforms
Services(2021: 13,656)

Order book (€ million)

38,426(2021: 36,131)

Revenues (€ million)

11,259(2021: 10,186)

EBIT Adjusted (€ million)

384(2021: 696)

The Division achieved some key defence
contract wins while earnings reflected the
difficult operating environment. Progress
was made on sustainability initiatives.
Airbus Defence and Space’s net order intake wasstable at € 13,660 million (2021: € 13,656 million),corresponding to a book-to-bill ratio of around1.2. Included were the Eurodrone global contract,
Demonstrator Phase 1B of Europe’s Future
Combat Air System and 20 latest-generation
Eurofighters for the Spanish Air Force. These
agreements will support Europe’s security
requirements and strategic autonomy. In Space
Systems, contracts included the supply of two
high-performance optical Earth observation
satellites and related services for Poland.

Revenues increased 11% to € 11,259 million(2021: € 10,186 million), mainly driven by higher
volume in Military Aircraft and Eurodrone.
Underlying profitability, or EBIT Adjusted,decreased to € 384 million (2021: € 696 million),
mainly reflecting impairments related to the lossof two Pléiades Neo satellites in December anddelays to the Ariane 6 launcher, as well as theimpact of rising inflation. This was partly offset byhigher volume in Military Aircraft, the ramp-up in
Eurodrone and the positive impact related toretirement obligations booked in Q1.
Operational and sustainability highlights
A total of 10 A400M military airlifters weredelivered during the year. The A330 MRTT
became the world’s first tanker aircraft to becertified for automatic air-to-air refuelling boom

operations. Telecommunications satellites
were successfully placed into orbit while theAirbus-built European Service Module powered
the Orion spacecraft as part of the Artemis I
Moon-orbiting mission.
The first test flights of A400M and C295 aircraft
partly powered by sustainable aviation fuel (SAF)
took place during the year. Separately, Airbus
worked with the UK’s Royal Air Force and industry
partners to conduct a test flight of an in-service
A330 MRTT using 100% SAF in both of its
engines. Military aircraft played an important role inhelping nations to protect their citizens and strongly
contributed to various humanitarian missions
around the world in 2022. In Space Systems, anumber of satellites are in development to support
climate change monitoring.

Airbus / Annual Report – Overview 2022

Overview / CFO interview

18

Solid

performancein a complex year
obligations and progress on compliance topics,
and negative effects resulting from internationalsanctions against Russia and the loss of the two
Pléiades Neo satellites in December 2022.

Dominik Asam
Former Chief Financial Officer

Dominik Asam, who left the Company inMarch 2023, explains the key drivers behindthe 2022 financial performance, focusing on
earnings and cash flow.

Q: How was the underlying financial
performance?
The year was characterised by a complex
operating environment. We met our financial
targets and delivered solid results, but wereconfronted by multiple disruptions in the supply
chain that meant we had to adapt our operations
during the year. Commercial aircraft deliveries,
which are a key driver of the financial
performance, rose by 8% but that was onlyaround half of the increase initially planned.
Looking firstly at the top-line, consolidated
revenues rose by 13% year-on-year to € 58.8
billion and mainly reflected the higher commercial
aircraft deliveries, increased contributions from
Airbus Helicopters and Airbus Defence andSpace, along with the appreciation of the US
dollar. EBIT Adjusted, which measures ourunderlying earnings, increased by 16% to€ 5.6 billion reflecting the aircraft deliveries,
competitiveness efforts and the overall net
positive impact of non-recurring elements. These
included positive effects related to retirement

Across the business lines, EBIT Adjusted forthe commercial aircraft activities increased by
29% to € 4.6 billion, reflecting the deliveries andsupported by some non-recurring elements,
but partially offset by a less favourable currency
hedging rate compared to 2021. Airbus
Helicopters made a positive contribution to theCompany’s overall performance with a 19%
increase in EBIT Adjusted to € 639 million,
reflecting higher services and good programme
execution. The Division’s profit margin increased
to 9.1% from 8.2% in 2021. Airbus Defence andSpace’s EBIT Adjusted however declined 45%
to € 384 million, mainly due to the loss of the
Pléiades Neo satellites, delays to the Ariane 6
launcher, as well as the impact of rising inflation.
Q: What was the reported performance like?
Consolidated EBIT reported was € 5.3 billion,
stable compared to 2021, with Adjustments
totalling a net negative € 0.3 billion. The largest
positive adjustment was from the technical dollar
pre-delivery payment mismatch and balance
sheet revaluation while on the negative side it was
related to a charge on the A400M programme.

As far as the bottom line goes, net income
amounted to € 4.2 billion and was broadly in linewith 2021, with reported earnings per share of€ 5.40 compared to € 5.36 in 2021. The solid net
income performance was a factor that enabled
the Board to propose a higher dividend payout
for the year.
Q: Can you explain the cash performancein 2022?
If we start with the gross cash flow fromoperations of € +5.5 billion, this mainly reflected
the EBIT Adjusted outcome. Working capital
included a positive phasing impact from thetiming of receipts and payments and was
supported by the strong US dollar. Capital
expenditure during the year amounted to around€ 2.5 billion compared to € 1.9 billion in 2021
as we focused on our main operational priorities
including the production ramp-up.

The year was characterisedby a complex operating
environment.”
Airbus / Annual Report – Overview 2022

Overview / CFO interview

Free cash flow before M&A and customer
financing totalled € 4.7 billion, up 33% year‑on‑year,
and was supported by the working capital phasing
impact and the dollar appreciation. The cash
evolution during the year also reflected the paymentof the 2021 dividend totalling € 1.2 billion andpension contributions of € 0.6 billion. It’s worth
noting that the net pension deficit was reduced
during the course of 2022, mainly driven by rises
in interest rates.
The Company ended the year with an improved
net cash position of € 9.4 billion compared to€ 7.7 billion at the end of 2021. The total liquidity
position further strengthened to € 31.6 billion.

19

Q: How would you summarise your timeat Airbus?
There was obviously quite a steep learning curve
to begin with when I joined Airbus from the worldof semiconductors back in 2019. However,these are both technology- and innovation-led
industries and I’m grateful for my colleagues in
Finance and beyond for quickly bringing me up
to speed. Looking back, the Company had toweather some major challenges to its balance
sheet, including the pandemic and thecompliance settlement payments, but it stillclosed 2022 with a strong liquidity position.
Finally, I’d like to wish my successor all the bestand no doubt I’ll have a sense of pride every
time I step onto an Airbus aircraft in the future!

Revenues (€ million)

Net income (€ million)(2021: 52,149)(2021: 4,213)

58,763

4,247

EBIT Adjusted (€ million)

Reported earnings per share(1) (€)(2021: 4,865)(2021: 5.36)

5,627

EBIT Reported (€ million)

5,325(2021: 5,342)

5.40

Free cash flow before M&A andcustomer financing (€ million)

4,680(2021: 3,515)

CFO succession
Airbus SE announced in February 2023
that Thomas Toepfer (pictured) will succeed
Dominik Asam as Chief Financial Officer andjoin the Company on 1 September 2023.
Toepfer has been CFO of Covestro AG –a DAX 40 company and one of the world’s
leading suppliers of premium polymers – sinceApril 2018. Dominik Asam left Airbus in March2023 and Xavier Tardy is ensuring continuity
during the interim period in addition to his roleas Executive Vice President Finance for
Airbus Defence and Space.

(1) FY2022 average number of shares 787,080,579
compared to 785,326,074 in FY2021.

Airbus / Annual Report – Overview 2022

Overview / Share information

Shareholding structure
As of 31 December 2022
11%

20

Annual General Meeting:Share price evolution

19 April 2023

2020

2021

2022

130%

4%

120%
11%
110%
100%
74%

90%

Free float(1)80%

SOGEPA (French State)70%

GZBV (German State)
SEPI (Spanish State)(1) Includes shares held by the Company itself.

E-mail: ir@airbus.com
Website: www.airbus.com

60%
50%
40%
30%
Dec
2020

Dec
2019
Airbus SE

Share

information
In 2022, the Airbus SE share price wasrather volatile and closed at € 111.02,
down 1.2%.
After opening at € 113.60 in January, the Airbus
SE share price started the year in positive
territory, supported by the full-year 2021
commercial aircraft orders and deliveries
performance. Later in the first quarter, Airbus
SE’s share price – in line with global equity
markets – suffered from overall supply chain
tensions, inflationary pressures and the COVID-19
resurgence in China. This was aggravated frommid-February by Russia’s invasion of Ukraine,

CAC 40DAX 40

Dec
2021

Dec
2022

MSCI World Aerospace and Defence Index

although defence stocks surged amid theannouncement of defence budget increases,
and as investors started to reconsider theirstance towards the sector.

adjustment announced in the Company’s first-halfresults, despite a strong financial performance.

In the second quarter, while global equity markets
were volatile in line with the aforementioned
macro environment, Airbus SE’s announcementthat it would increase the monthly production rateof the A320 Family to 75 supported the shareprice, as did the solid financials for the firstquarter. Later, the Airbus SE share price was
impacted by lower-than-expected deliveries,
suppliers’ comments on production delays andconcerns around the potential impact of energy
shortages on Airbus production.

In the fourth quarter, besides following the
upward trend of global markets, supported bysigns of cooling inflation and slower tighteningof interest rate policy, Airbus SE’s share pricereacted positively to the Company’s increased
free cash flow guidance. This guidance raised
investors’ expectations for higher shareholder
returns. Towards the end of the year, though,Airbus SE’s share price experienced turbulence
after rumours about delivery delays in 2023, andfollowing the withdrawal of delivery guidance forthe 2022 financial year, alongside the ramp-up
adjustment announcement.

In the third quarter, equity markets partially
recovered before retreating from mid-August due
to inflationary pressures, central banks’ monetary
policy decisions and growing fears of recession.
Airbus SE’s share price was also under pressure
following the A320 Family production ramp-up

With a stable performance throughout 2022(-1%), Airbus SE shares outperformed the
CAC 40 index (-9%) and the DAX 40 index (-12%),
but underperformed the aerospace and defence
sector (MSCI World Aerospace and Defence
Index +11%).

Airbus / Annual Report – Overview 2022

21

Safe Harbour Statement
This document 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 involverisk and uncertainty because they relate to future
events and circumstances and there are manyfactors that could cause actual results anddevelopments to differ materially from thoseexpressed or implied by these forwardlooking statements.
These factors include but are not limited to:•	Changes in general economic, political ormarket conditions, including the cyclicalnature 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, inparticular between the Euro and the US dollar;•	The successful execution of internal
performance plans, including cost reduction
and productivity efforts;•	Product performance risks, as well as
programme development andmanagement risks;•	Customer, supplier and subcontractor
performance or contract negotiations,
including financing issues;•	Competition and consolidation in theaerospace 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 sizeof 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 othereconomic, political and technological risks
and uncertainties;•	Changes in societal expectations andregulatory 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 andthe 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 also note 2 “Ukraine
Crisis” of the Notes to the Airbus SE Unaudited
Condensed IFRS Consolidated Financial
Statements published 16 February 2023.
For more information about the impact of theMacroeconomic Environment, see also note 3“Macroeconomic Environment” of the Notes
to the Airbus SE Unaudited Condensed IFRS
Consolidated Financial Statements published
16 February 2023. For more information about
factors that could cause future results to differ
from such forward-looking statements, see
Airbus SE’s annual reports, including its Reportof the Board of Directors, Universal Registration
Document and the most recent Risk Factors.
Any forward-looking statement contained inthis document speaks as of the date of thisdocument. Airbus SE undertakes no obligation
to publicly revise or update any forward-looking
statements in light of new information, future
events or otherwise.

Image credits
Cover © Airbus SAS 2022
p.2 © Airbus Defence and Space GmbH 2019p.2 © Airbus SAS 2022
p.3 © Airbus SAS 2022
p.3 © Airbus SAS 2022
p.3 © Airbus SAS 2022
p.3 © Airbus Helicopters 2022 Anthony PECCHI
p.4 © Airbus SAS 2022
p.5 Victor Chu, Jean-Pierre Clamadieu © Airbus
SAS 2019, René Obermann, Guillaume Faury,
Ralph D. Crosby, Jr., Mark Dunkerley, StephanGemkow, Catherine Guillouard, Amparo
Moraleda, Irene Rummelhoff, Antony Wood ©
Airbus SAS 2022, Claudia Nemat © Airbus SAS
p.6 © Airbus SAS 2022
p.7 © Airbus SAS
p.8 © Airbus SAS 2022
p.9 © Neste 2022
p.10 © Airbus Defence and Space GmbH 2022
p.11 © NASA
p.12 © Airbus Defence and Space GmbH 2022
p.13 © Airbus SAS 2004
p.13 © Airbus SAS 2022
p.14 © Renata Ahumada 2022
p.14 © Airbus Defence and Space GmbH 2022
p.14 © Airbus SAS 2019p.14 © Airbus SAS 2019p.15 © Airbus SAS 2021
p.16 © Airbus Helicopters 2019 Eric RAZ IMAGINR
p.17 © Airbus Defence and Space GmbH 2021
p.18 © Airbus SAS 2019p.19 © Covestro
p.20 © Airbus SAS 2021

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Airbus / Annual Report – Overview 2022

Airbus SE
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