AIRBUSIFRS 15 and New Segment Reporting:2017 Quarterly Restatements

9th April 2018

SAFE HARBOUR STATEMENT

2DISCLAIMER
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 anddelivery schedules, introduction of new products and services and market 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 and circumstances 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 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 spaceprocurement 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.
As a result, Airbus’ actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
For a discussion of factors that could cause future results to differ from such forward-looking statements, see the Airbus “Registration Document” dated 28 March
2018, including the Risk Factors section.
Any forward-looking statement contained in this presentation speaks as of the date of this presentation. Airbus undertakes no obligation to publicly revise or update
any forward-looking statements in light 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.
IFRS 15 Restatement Disclaimer:
The Company has adopted the IFRS 15 standard as of 1st January 2018. The new accounting policies are subject to change until the Company presents its first
consolidated financial statements that include the date of initial application.

IFRS 15 AND NEW SEGMENT REPORTING▪ IFRS 15, effective from January 1st 2018, is now the standard for revenue recognition,measurement, and disclosure▪ IFRS 15 will not impact cumulative profit or cash over the lifetime of a contract▪ From Q1 2018, financials will be prepared under full application of IFRS 15 using the full
retrospective method of implementation, with 2017 restated by quarter▪ IFRS 15 changes do not impact 2017 reported Free Cash Flow or Net Cash position▪ There is no change to the FY 2018 guidance as provided in the FY 2017 disclosure:

Based on around 800 deliveries:▪ Compared to 2017 EBIT Adjusted of € 4,253 m, Airbus expects, before M&A:
• An increase in EBIT Adjusted of approximately 20%• IFRS 15 is expected to further increase EBIT Adjusted by an estimated € 0.1bn▪ Free Cash Flow is expected to be at a similar level as 2017, before M&A and Customer
Financing▪ The restatements resulting from the change in reporting segments do not change the 2017
figures at consolidated Airbus level3

Q1 2017 Restatements
IFRS 15 and New Segment

Q1 2017 RESTATED REVENUEIN € MILLION

5As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft

9,825(1,669)8,156

10

Helicopters

1,291

(115)

1,176

Defence and Space

2,114

226

2,340

HQ / Elim.

(242)

12(230)(10)

12,988(1,546)

11,442-AirbusRestated
IFRS 15 &New Segment

8,166
1,176
2,340

AirbusHelicopters
Defence and Space(240)

Transversal &Eliminations

11,442

Consolidated
AirbusQ1 2017 RESTATED EBIT ADJUSTEDIN € MILLION

6As reported

IFRS 15
adjustment

After IFRS 15adjustment

New Segment
impactCommercial Aircraft

281(283)

(2)

(101)

Helicopters

(2)

(16)

(18)

12

Defence and Space

63

2689

29

HQ / Elim.

(102)

14(88)

60

Airbus240(259)(19)-Restated
IFRS 15 &New Segment

(103)
(6)
118

AirbusHelicopters
Defence and Space(28)

Transversal &Eliminations(19)

Consolidated
AirbusQ1 2017 RESTATED EBITIN € MILLION

7

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft

336(283)

53(101)

Helicopters

(2)

(16)

(18)

12

Defence and Space

620

8628

29

HQ / Elim.

(102)

14(88)

60

Airbus852(277)575-

Restated
IFRS 15 &New Segment

(48)
(6)
657

AirbusHelicopters
Defence and Space(28)

Transversal &Eliminations

575

Consolidated
AirbusH1 2017 Restatements
IFRS 15 and New Segment

H1 2017 RESTATED REVENUEIN € MILLION

9As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft

21,789(3,625)

18,16418

Helicopters

2,921

(205)

2,716

Defence and Space

4,625

275

4,900

HQ / Elim.

(626)

21(605)(18)

28,709(3,534)25,175-

AirbusRestated
IFRS 15 &New Segment

18,182
2,716
4,900

AirbusHelicopters
Defence and Space(623)Transversal &Eliminations

25,175

Consolidated
AirbusH1 2017 RESTATED EBIT ADJUSTEDIN € MILLION

10As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft954(503)

451

(194)

Helicopters

93(37)

56

24

Defence and Space

248

(9)

239

59

HQ / Elim.

(196)

3(193)

111

Airbus1,099(546)553-Restated
IFRS 15 &New Segment

257
80
298

AirbusHelicopters
Defence and Space(82)Transversal &Eliminations

553

Consolidated
AirbusH1 2017 RESTATED EBITIN € MILLION

11As reported

IFRS 15adjustment

After IFRS 15adjustment

New Segment
impact

1,078(503)

575

(194)

Helicopters

93(37)

56

24

Defence and Space

816(43)773

59

HQ / Elim.

(196)

3(193)

111

Airbus

1,791

(580)

1,211

-

Commercial Aircraft

Restated
IFRS 15 &New Segment

381
80832

AirbusHelicopters
Defence and Space(82)

Transversal &Eliminations

1,211

Consolidated
Airbus9m 2017 Restatements
IFRS 15 and New Segment

9m 2017 RESTATED REVENUEIN € MILLION

13As reported

IFRS 15
adjustment

After IFRS 15adjustment

New Segment
impactCommercial Aircraft

32,643(5,087)

27,55623

Helicopters

4,388(191)

4,197

Defence and Space

6,733

341

7,074

HQ / Elim.

(811)

13(798)(23)

42,953(4,924)38,029-AirbusRestated
IFRS 15 &New Segment

27,5794,197
7,074

AirbusHelicopters
Defence and Space(821)Transversal &Eliminations

38,029Consolidated
Airbus9m 2017 RESTATED EBIT ADJUSTEDIN € MILLION

14

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impact

1,545(492)

1,053(247)

Helicopters

165(40)

125

36

Defence and Space357(102)255

88

HQ / Elim.

(271)

(8)

(279)

123

Airbus1,796(642)

1,154

-

Commercial Aircraft

Restated
IFRS 15 &New Segment

806
161
343

AirbusHelicopters
Defence and Space(156)

Transversal &Eliminations

1,154

Consolidated
Airbus9m 2017 RESTATED EBITIN € MILLION

15

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impact

1,518(492)

1,026(247)

Helicopters

165

(40)

125

36

Defence and Space

900(153)

747

88

HQ / Elim.

(271)

(8)

(279)

123

Airbus2,312(693)

1,619

-

Commercial Aircraft

Restated
IFRS 15 &New Segment779
161835

AirbusHelicopters
Defence and Space(156)Transversal &Eliminations

1,619

Consolidated
AirbusFY 2017 Restatements
IFRS 15 and New Segment

FY 2017 RESTATED REVENUEIN € MILLION

17As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impactCommercial Aircraft

50,958(7,417)43,541(55)

Helicopters

6,450

(115)

6,335

Defence and Space

10,804(208)

10,596

HQ / Elim.

(1,445)(5)(1,450)55

Airbus

66,767(7,745)59,022-Restated
IFRS 15 &New Segment

43,486
6,335
10,596

AirbusHelicopters
Defence and Space(1,395)

Transversal &Eliminations

59,022

Consolidated
AirbusFY 2017 RESTATED EBIT ADJUSTEDIN € MILLION

18

As reported

IFRS 15
adjustment

After IFRS 15adjustment

New Segment
impact3,554(765)2,789(406)

Helicopters

337

(138)

199

48

Defence and Space

872(174)

698

117

HQ / Elim.

(510)

14(496)

241

Airbus

4,253(1,063)

3,190-

Commercial Aircraft

Restated
IFRS 15 &New Segment

2,383
247
815

AirbusHelicopters
Defence and Space(255)

Transversal &Eliminations

3,190

Consolidated
AirbusFY 2017 RESTATED EBITIN € MILLION

19

As reported

IFRS 15
adjustment

After IFRS 15
adjustment

New Segment
impact3,428(765)

2,663(406)

Helicopters

337(138)

199

48

Defence and Space

212

133

345

117

HQ / Elim.

(556)

14(542)

241

Airbus3,421(756)

2,665

-

Commercial Aircraft

Restated
IFRS 15 &New Segment

2,257
247
462

AirbusHelicopters
Defence and Space(301)

Transversal &Eliminations

2,665

Consolidated
Airbus