EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Unaudited Condensed Consolidated
Financial Information of EADS N.V.
for the three-month period ended March 31, 2010
Unaudited Condensed IFRS Consolidated Income Statements ………………………………......…2
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income……….……...3
Unaudited Condensed IFRS Consolidated Statements of Financial Position…………...……...…4
Unaudited Condensed IFRS Consolidated Statements of Cash Flows.………....…...…………..…5
Unaudited Condensed IFRS Consolidated Statements of Changes in Equity…………………......6
Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial Statements
as at March 31, 2010………...……. …………….…………………….…………...…………..….....….......6
1. The Company……………………………………………………………………………………..…..6
2. Accounting policies……………….………………………………………………..…………….....6
3. Accounting for the A400M program…...………….…………………………..………………….8
4. Changes in the consolidation perimeter of EADS…………………………....…….……….....8
5. Segment information………………………………..…………..…………………………..………8
6. EBIT pre-goodwill impairment and exceptionals…..……..………………………………..…..9
7. Significant income statement items………….…………………..………….………..……......10
8. Significant items of the statements of financial position ……………….………...…….....11
9. Significant cash flow items……………………………………………………..…...…..……….13
10. Number of shares………………………………………………………..........................….....…13
11. Earnings per share……………………………………..……………….………...………………..13
12. Related party transactions ………………..…………………...…….……………………..……14
13. Number of employees ……………………………….……………….……………..........………14
14. Litigation and claims …..…………………………….……………….……………..........………15
15. Subsequent events…………………………………………………………………………………16

1

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Unaudited Condensed IFRS Consolidated Income Statements

January 1 - March 31, 2010
Revenues
Cost of sales
Gross margin
Selling, administrative & otherexpenses
Research and development
expenses

January 1 - March 31, 2009

Deviation

M€
8,950-7,844
1,106

%
100
-88
12

M€
8,467
-7,260
1,207

%
100
-86
14

M€
483
-584
-101

-527

-6

-548

-6

21

-572

-6

-562

-7

-10

48

1

70

1

-22

Other income
Share of profit from associates
under the equity method and otherincome from investments
Profit before finance result andincome taxes
Interest income
Interest expense
Other financial result
Finance result
Income taxes
Profit for the period

18

0

49

1

-31

73
82
-135
130
77
-47
103

1
1
-1
1
1
-1
1

216
122
-131
40
31
-77
170

3
1
-1
0
0
-1
2

-143
-40
-4
90
46
30
-67

Attributable to:Equity owners of the parent (Netloss / income)Non-controlling interests

103
0

1
0

170
0

2
0

-67
0

Earnings per share

€

€

€

Basic and diluted

0.13

0.21

-0.08

2

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
IncomeJanuary 1 January 1 March 31, 2010 March 31, 2009

in M €
Profit for the period

103

170

Foreign currency translation differences for foreign operations

98

11

Net change in fair value of cash flow hedges-3,006-1,311

Net change in fair value of available-for-sale financial assets

88

29

Tax on income and expense recognized directly in equity

949

399

Other comprehensive income, net of tax-1,871-872

Total comprehensive income of the period-1,768-702-1,767-1-702
0Attributable to:Equity owners of the parent
Non-controlling interests

3

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Unaudited Condensed IFRS Consolidated Statements of Financial PositionNon-current assets
Intangible assets
Property, plant and equipment
Investments in associates under theequity method
Other investments and long-term
financial assets
Other non-current assets
Deferred tax assets
Non-current securities
Current assets
Inventories
Trade receivables
Other current assets
Current securities
Cash and cash equivalents
Non-current assets / disposal groups
classified as held for sale
Total assets
Total equity
Equity attributable to equity owners of
the parent
Capital stockReserves
Accumulated other comprehensive
incomeTreasury shares
Non-controlling interests
Non-current liabilities
Non-current provisions
Long-term financing liabilities
Deferred tax liabilities
Other non-current liabilities
Current liabilities
Current provisions
Short-term financing liabilities
Trade liabilities
Current tax liabilities
Other current liabilities
Total liabilities
Total equity and liabilities

March 31, 2010
M€%

December 31, 2009
M€%

DeviationM€%

11,08012,59614
16

11,06012,586

14
16

20
10

0
0

2,567

3

2,514

3

53

2

2,481

3

2,210

3

271

12

2,066
3,769
4,467
39,026

3
5
6
50

2,783
2,656
3,983
37,792

3
3
5
47

-717
1,113
484
1,234

-26
42
12
3

23,295
5,484
3,828
3,478
5,103

29
7
4
4
6

21,577
5,587
4,238
4,072
7,038

27
7
5
5
9

1,718
-103
-410
-594
-1,935

8
-2
-10
-15
-27

34

0

0

0

34

41,22280,24850
100

42,51280,30453
100-1,290
-56

-3
0

816
7,287

1
9

816
7,182

1
9

0
105

0
1

776

1

2,646

3

-1,870

-71

-110
8,769
102
8,871

0
11
0
11

-109
10,535106
10,641

0
13
0
13

-1
-1,766-4-1,770

1
-17
-4
-17

8,186
2,900
962
17,81829,866

10
4
1
22
37

8,137
2,867
751
15,532
27,287

10
4
1
19
34

49
33
211
2,286
2,579

1
1
28
15
9

5,930
1,395
8,261
212
25,71341,511
71,37780,248

8
2
10
0
32
52
89
100

5,883
2,429
8,217
220
25,62742,376
69,66380,304

8
3
10
0
32
53
87
100

47
-1,034
44
-8
86
-865
1,714
-56

1
-43
1
-4
0
-2
2
0

4

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Unaudited Condensed IFRS Consolidated Statements of Cash Flows
January 1 January 1 March 31, 2010 March 31, 2009
M€
Profit for the period attributable to equity owners of the parent(Net income)
Adjustments to reconcile profit for the period to cash (used for)
operating activities

M€
103

170

Depreciation and amortization

384

369

Valuation adjustments

-92

110

Deferred tax expense
Change in income tax assets, income tax liabilities and provisions
for income tax
Results on disposal of non-current assets
Results of companies accounted for by the equity method
Change in current and non-current provisions
Change in other operating assets and liabilities

17

36

-29
-3
-19
25
-1,112

-41
-44
-44
102
-1,018-726-360

Cash (used for) operating activities
Investments:- Purchase of intangible assets, PPE

-345

-310

- Proceeds from disposals of intangible assets, PPE

77- Proceeds from disposals of subsidiaries (net of cash)- Payments for investments in associates and otherinvestments and long-term financial assets

0

15

-83

-48

23

7

- Proceeds from disposals of associates and otherinvestments and long-term financial assets
Disposals of non-current assets / disposal groups classified asheld for sale and liabilities directly associated with non-current
assets classified as held for sale
Change in securities
Contribution to plan assets

0

104

136

891

-1

0

Cash (used for) provided by investing activities
Change in long-term and short-term financing liabilities
Capital increase and changes in non-controlling interests
Change in treasury shares-263-1,010
-2
-1

666
-105
1
10

Cash (used for) financing activities
Effect of foreign exchange rate changes and other valuation
adjustments on cash and cash equivalents-1,013

-94

67

22

Net (decrease) increase in cash and cash equivalents-1,935234

Cash and cash equivalents at beginning of period

7,038

6,745

Cash and cash equivalents at end of period

5,103

6,979

As of March 31, 2010, EADS’ cash position (stated as cash and cash equivalents in the Unaudited
Condensed IFRS Consolidated Statements of Cash Flows) includes 717 M € (751 M € as ofDecember 31, 2009), which represents EADS’ share in MBDA’s cash and cash equivalents depositedat other shareholders. These funds are available for EADS upon demand.

5

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Unaudited Condensed IFRS Consolidated Statements of Changes in Equity
in M €
Balance at January 1, 2009

Equityattributable to Non-controlling
equity owners ofinterests
the parent
11,022
104

Total comprehensive income-702

Change in treasury shares
OthersTotal equity
11,126

0

-702

10

0

10

4

1

5

Balance at March 31, 2009

10,334105

10,439Balance at January 1, 2010

10,535106

10,641

Total comprehensive income-1,767-1-1,768

Capital decrease

0

-3

-3

Change in treasury shares

-1

0

-1

OthersBalance at March 31, 2010

2

0

2

8,769

102

8,871

Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial
Statements as at March 31, 2010
1. The Company
The accompanying Unaudited Condensed Consolidated Financial Statements present theoperations of European Aeronautic Defence and Space Company EADS N.V. and its
subsidiaries (“EADS” or the “Group”), a Dutch public limited liability company (Naamloze
Vennootschap) legally seated in Amsterdam (current registered office at Mendelweg 30, 2333 CS
Leiden, The Netherlands), and are prepared and reported in Euros (“€”). EADS’ core business isthe manufacturing of commercial aircraft, civil and military helicopters, commercial space launchvehicles, missiles, military aircraft, satellites, defence systems and defence electronics andrendering of services related to these activities. The Unaudited Condensed IFRS Consolidated
Financial Statements for the three-month period ended March 31, 2010 were authorized for issue
by EADS’ Board of Directors on May 12, 2010.

2. Accounting policies
These Unaudited Condensed Consolidated Financial Statements have been prepared inaccordance with IAS 34 Interim Financial Reporting as adopted by the European Union (EU).
EADS’ Consolidated Financial Statements are prepared in accordance with International Financial
Reporting Standards (“IFRS”), issued by the International Accounting Standards Board (“IASB”)
and as endorsed by the EU and Part 9 of Book 2 of the Netherlands Civil Code. They comprise (i)IFRS, (ii) International Accounting Standards (“IAS”) and (iii) Interpretations originated by theInternational Financial Reporting Interpretations Committee (“IFRIC”) or former Standing
Interpretations Committee (“SIC”).

6

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Financial reporting rules applied for the first time in the first quarter 2010
The following revised or amended Standards were applied for the first time in the first quarter 2010
and are effective for EADS as of January 1, 2010. If not otherwise stated, the following Standards
and revised Standards did not have a material impact on EADS’ Consolidated Financial
Statements for the first quarter 2010 as well as its basic and diluted earnings per share.

The amendment to IFRS 2 "Share-based Payment - Group Cash-settled Share-based Payment
Transactions" amends the definitions in IFRS 2 for transactions and arrangements, as well as thescope of the Standard. In addition, guidance is given for accounting for share-based paymenttransactions amongst group entities.
IFRS 3R “Business Combinations” and IAS 27 (amend.) “Consolidated and Separate Financial
Statements” is mandatory for EADS since January 1, 2010. IFRS 3R introduces a number ofchanges in the accounting for business combinations that are likely to be relevant to EADS’operations: The definition of a business has been broadened, which is likely to result in moreacquisitions being treated as business combinations. Contingent consideration will be measured atfair value, with subsequent changes therein recognized in profit or loss. Transaction costs, otherthan share and debt issue costs, will be expensed as incurred. Any pre-existing interest in theacquiree will be measured at fair value with the gain or loss recognized in profit or loss. Any noncontrolling interest will be measured at either fair value, or at its proportionate interest in theidentifiable assets and liabilities of the acquiree, on a transaction-by-transaction basis. Further,
IAS 27 (amend.) requires that a change in the ownership interest of a subsidiary without gaining or
losing control is accounted for as an equity transaction. Therefore such transactions regarding
changes in non-controlling interest will no longer give rise to goodwill, nor will it give rise to again/loss.
The objective of the “Eligible Hedged Items – Amendment to IAS 39 “Financial Instruments:
Recognition and Measurement”” is to propose rule-based amendments to IAS 39 to simplify thehedge accounting requirements by clarifying the risks that may be designated as hedged risks andthe portion of cash flows of a financial instrument that may be designated as a hedged item.
In April 2009, the IASB issued its second omnibus of amendments to its Standards containing
15 amendments to 10 IFRS Standards and 2 Interpretations. The amendments refer to a broad setof IFRS Standards and Interpretations including IFRS 2, IFRS 5, IFRS 8, IAS 1, IAS 7, IAS 17, IAS
18, IAS 36, IAS 38, IAS 39, IFRIC 9 and IFRIC 16.

The following endorsed Interpretations were also required to be applied for the first time in the firstquarter 2010. If not otherwise stated, these Interpretations did not have a material impact on
EADS’ Consolidated Financial Statements as well as its basic and diluted earnings per share.
IFRIC 12 “Service Concession Arrangements”
IFRIC 17 “Distributions of Non-cash Assets to Owners”
IFRIC 18 “Transfers of Assets from Customers”

7

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

3. Accounting for the A400M program
EADS resumed the common percentage of completion method for the A400M program fromJanuary 2010 onwards, i.e. A400M related contract revenues and contract costs are recognised asrevenues and expenses respectively by reference to the stage of completion of the A400M
contract activity at the reporting date. This was based on the technical progress of the program
and the signature of a principle agreement with the Launch Nations which is subject toparliamentary approval processes. While the A400M program made further technical progressincluding a series of further successful test flights of the first prototype aircraft as well as
successful engine tests and the first flight of the second prototype aircraft, the program progressand milestone structure did not trigger revenue recognition of the A400M program until March 31,
2010 according to the percentage of completion method. Further, the current status of the ongoingnegotiations between EADS/Airbus/AMSL and the Launch Nations since March 5, 2010 did notlead to a contract amendment including a related export levy facility yet. As of March 31, 2010 the
A400M provision remains nearly unchanged at 2.5 billion €.
For further information on the A400M program and relating accounting impacts including potential
impacts in case of a reassessment of the determining elements of the A400M provision see note 3“Accounting for the A400M program” in the notes to the Consolidated Financial Statements for theyear ending December 31, 2009.

4. Changes in the consolidation perimeter of EADSIn 2008, EADS concluded negotiations with GKN to divest its Airbus site in Filton (UK). The closingof the sale occurred on January 5, 2009.
On January 7, 2009, DAHER acquired a 70% majority share of EADS SOCATA. The remaining
30% of EADS SOCATA are accounted for using the equity method and presented in “Other
Businesses”.
Apart from these transactions, other acquisitions or disposals by the Group that occurred in thefirst three months of 2010 or 2009, respectively, are not material.

5. Segment information
The Group operates in five reportable segments which reflect the internal organizational andmanagement structure according to the nature of the products and services provided.
 Airbus Commercial — Development, manufacturing, marketing and sale of commercial jet
aircraft of more than 100 seats; aircraft conversion.
 Airbus Military — Development, manufacturing, marketing and sale of military transport aircraft
and special mission aircraft. Airbus Military integrates the former Military Transport Aircraft
Division (MTAD) and all Airbus A400M operations.
The above mentioned reportable segments Airbus Commercial and Airbus Military form the Airbus
Division.
 Eurocopter — Development, manufacturing, marketing and sale of civil and military helicopters;
provision of helicopter related services.
 Astrium — Development, manufacturing, marketing and sale of satellites, orbital infrastructuresand launchers; provision of space services.

8

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010 Defence & Security — Development, manufacturing, marketing and sale of missiles systems,
military combat aircraft and training aircraft; provision of defence electronics and of global
security market solutions such as integrated systems for global border security and securecommunications solutions and logistics; training, testing, engineering and other related services.
The following table presents information with respect to the Group’s business segments. “Other
Businesses” mainly comprises the development, manufacturing, marketing and sale of regional
turboprop aircraft, aircraft components as well as the Group’s activities managed in the US.
Consolidation effects, the holding function of EADS Headquarters and other activities not allocableto the reportable segments are disclosed in the column “HQ / Conso.”.

in M €

AirbusCommercial

AirbusMilitary

Eurocopter

Astrium

Defence
Other
Total
&
Businessegments
Securityses

HQ/
Conso.

Consolidated

Three-month period ended March 31, 2010
Revenues

5,989

384

798

924

928

246

9,269

-319

8,950

Research anddevelopment expenses

-431

-2

-47

-18

-57

-1

-556

-16

-572

Profit (loss) before
finance result andincome taxes

0

1

25

40

19

-1

84

-11

73

EBIT pre-goodwill imp.
and exceptionals (seedefinition below)

6

1

26

41

21

-1

94

-11

83

Three-month period ended March 31, 2009
Revenues

5,470

456

758

904

934

214

8,736

-269

8,467

Research anddevelopment expenses

-438

-3

-41

-17

-37

-1

-537

-25

-562

Profit (loss) before
finance result andincome taxes

199

-116

38

35

15

0

171

45

216

EBIT pre-goodwill imp.
and exceptionals (seedefinition below)

205

-116

38

36

21

0

184

48

232

The presentation of “Profit (loss) before finance result and income taxes” and “EBIT pre-goodwill impairment andexceptionals” for Airbus Military for the first quarter 2009 is adjusted according to the presentation for the first quarter 2010.

6. EBIT pre-goodwill impairment and exceptionals
EADS uses EBIT pre-goodwill impairment and exceptionals as a key indicator of its economic
performance. The term “exceptionals” refers to such items as depreciation expenses of fair value
adjustments relating to the EADS merger, the Airbus combination and the formation of MBDA, as
well as impairment charges thereon. It also comprises disposal impacts related to goodwill and fairvalue adjustments from these transactions. EBIT pre-goodwill impairment and exceptionals is
treated by management as a key indicator to measure the segments’ economic performances.

9

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

The reconciliation from profit before finance result and income taxes to EBIT pre-goodwill
impairment and exceptionals is set forth in the following table (in M €):January 1March 31, 2010

January 1March 31, 2009

Profit before finance result and income taxes

73

216

Goodwill and exceptionals:
Exceptional depreciation (fixed assets in cost of sales)

10

16

EBIT pre-goodwill impairment and exceptionals

83

232

in M €

7. Significant income statement items
Revenues of 8,950 M € (first quarter 2009: 8,467 M €) increase by 483 M €, mainly at Airbus
Commercial (+519 M €), due to more deliveries of commercial aircraft (119 with revenue
recognition versus 116 in the previous year) and a higher volume and a favorable mix, partly offset
by an unfavorable US dollar impact. Moreover, Eurocopter and Astrium contributed positively.
Airbus Military decreases by -72 M € resulting from the application of the early stage accounting
method for the A400M contract in 2009 (in 2010 the application of the common percentage ofcompletion method is resumed, no milestones have been recognized in the first quarter).
The Gross Margin decreases by -101 M € to 1,106 M € compared to 1,207 M € in the first quarterof 2009. This reduction is mainly related to unfavorable foreign exchange rate effects at Airbus
Commercial, which are partly offset by a favorable mix in Single Aisle and Long Range aircraft.
Defence & Security and Astrium recognize increasing positive gross margins.
Research and development expenses of -572 M € (first quarter 2009: -562 M €) nearly remainon the same level. Defence & Security increases by -20 M €, while Airbus Commercial decreases
by +7 M €, the ramp-up for A350XWB is thereby more than compensated by reductions in otherprograms.
Other income decreases by -22 M € to 48 M € (first quarter 2009: 70 M €), reflecting the gain on
disposal from the Filton site (33 M €) recognized in the first quarter 2009.
Share of profit from associates under the equity method and other income frominvestments of 18 M € (first quarter 2009: 49 M €) is mainly influenced by the consistently
estimated share of the result of Dassault Aviation of 30 M € (first quarter 2009: 43 M €). The
Dassault Aviation equity accounted-for income in the first quarter 2010 includes a positive 2009
catch-up amounting to +3 M €.
Finance result amounts to 77 M € (first quarter 2009: +31 M €) mainly including the positive
revaluation of some monetary items and financial instruments, partly compensated by negative
impacts from the unwinding of the discount of provisions and the interest result of -53 M € (firstquarter 2009: -9 M €) reflecting decreasing interest rates.
The income tax expense of -47 M € (first quarter 2009: -77 M €) corresponds to an effective
income tax rate of 31% (first quarter 2009: 31%).

10

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

8. Significant items of the statements of financial positionNon-current assets
Intangible assets of 11,080 M € (prior year-end: 11,060 M €) include 9,758 M € (prior year-end:
9,741 M €) of goodwill. This mainly relates to Airbus Commercial (6,425 M €), Defence & Security(2,516 M €), Astrium (604 M €) and Eurocopter (111 M €). The last annual impairment tests, whichwere performed in the fourth quarter 2009, did not lead to any impairment charges.
Eliminating foreign exchange-rate effects of +51 M €, property, plant and equipment decreaseby -41 M € to 12,596 M € (prior year-end: 12,586 M €), including leased assets of 737 M € (prioryear-end: 703 M €). Property, plant and equipment also comprise “Investment property” amounting
to 77 M € (prior year-end: 78 M €).
Investments in associates under the equity method of 2,567 M € (prior year-end: 2,514 M €)mainly reflect the increase in the equity investment in Dassault Aviation, amounting to 2,444 M €(prior year-end: 2,380 M €).
Other investments and other long-term financial assets of 2,481 M € (prior year-end:
2,210 M €) are related to Airbus for an amount of 1,922 M € (prior year-end: 1,691 M €), mainly
concerning the non-current portion of aircraft financing activities including a foreign exchange rate
effect of +77 M €.
Other non-current assets mainly comprise non-current derivative financial instruments and noncurrent prepaid expenses. The decrease by -717 M € to 2,066 M € (prior year-end: 2,783 M €) ismainly caused by the negative variation of the non-current portion of fair values of derivative
financial instruments (-712 M €).
Deferred tax assets of 3,769 M € (prior year-end: 2,656 M €) are presented as non-current assets
as required by IAS 1. The increase is mainly due to the negative variation of fair values ofderivative financial instruments.
The fair values of derivative financial instruments are included in other non-current assets(595 M €, prior year-end: 1,307 M €), in other current assets (444 M €, prior year-end: 937 M €), inother non-current liabilities (1,949 M €, prior year-end: 732 M €) and in other current liabilities(651 M €, prior year-end: 220 M €) which corresponds to a total net fair value of -1,561 M € (prioryear-end: 1,292 M €). The volume of hedged US dollar-contracts increases from 60.8 billion US
dollar as at December 31, 2009 to a net of 66.2 billion US dollar as at March 31, 2010. The US
dollar vanilla options of 2 billion US dollar as of December 31, 2009 were sold. The US dollar
exchange rate became more favorable (USD / € spot rate of 1.35 at March 31, 2010 vs. 1.44 at
December 31, 2009). The average US dollar hedge rate for the hedge portfolio of the Groupremains stable at 1.39 USD / € as at December 31, 2009 and March 31, 2010, respectively.

Current assets
Inventories of 23,295 M € (prior year-end: 21,577 M €) increase by +1,718 M €. This is mainly
driven by an increase in unfinished goods and services in Airbus Division (+551 M €), at
Eurocopter (+270 M €) coming from commercial programs as well as governmental programs (NH90 and Tiger) and at Defence & Security (+361 M €, thereof +126 M € for the Eurofighter
program). Additionally, Airbus records higher finished goods for aircraft on stock (+375 M €).
Trade receivables decrease by -103 M € to 5,484 M € (prior year-end: 5,587 M €), mainly causedby Eurocopter (-91 M €), Defence & Security (-94 M €) and Airbus Division (-61 M €), partly
compensated by Astrium (+170 M €)11

EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Other current assets include “Current portion of other long-term financial assets”, “Current otherfinancial assets”, “Current other assets” and “Current tax assets”. The decrease of -410 M € to
3,828 M € (prior year-end: 4,238 M €) comprises among others a decrease of -493 M € in positive
fair values of derivative financial instruments and reduced receivables from related companies(-250 M €, mainly Eurofighter Jagdflugzeug GmbH). This is partly compensated by increasing
current other assets (+217 M €), comprising among others claims to tax rebates and current
prepaid expenses.
Cash and cash equivalents decrease from 7,038 M € to 5,103 M € (see also note 9 “Significant
cash flow items”).

Non-current assets classified as held for sale of 34 M € (prior year-end: 0 M €) include 100 %shares of DASELL Cabin Interior GmbH, which are expected to be sold within the next months.

Total equity
Equity attributable to equity owners of the parent (including purchased treasury shares) amounts
to 8,769 M € (prior year-end: 10,535 M €). The decrease in equity is mainly due to acomprehensive income for the period of -1,767 M €, primarily resulting from a negative net change
in fair value of cash flow hedges.
Non-controlling interests slightly decrease to 102 M € (prior year-end: 106 M €).

Non-current liabilities
Non-current provisions of 8,186 M € (prior year-end: 8,137 M €) comprise the non-current
portion of pension provisions with an increase of +59 M € to 5,139 M € (prior year-end: 5,080 M €).
Moreover, other provisions are included in non-current provisions, which decrease by -10 M € to
3,047 M €. The decrease mainly reflects restructuring provisions for the reduction of overhead
costs (-64 M €) (mainly “Power 8” program, of which -65 M € are reclassified to other current
provisions) and obligations from service and maintenance agreements (-34 M €), partly
compensated by foreign exchange rate effects on provisions for aircraft financing activities(+52 M €).
Long-term financing liabilities, which mainly comprise bonds, increase by +33 M € to 2,900 M €(prior year-end: 2,867 M €).
Other non-current liabilities, comprising “Non-current other financial liabilities”, “Non-current
other liabilities” and “Non-current deferred income”, increase in total by +2,286 M € to 17,818 M €(prior year-end: 15,532 M €). They mainly include non-current customer advance payments
received of 9,582 M € (prior year-end: 8,579 M €) and the non-current portion of European
Government refundable advances amounting to 4,952 M € (prior year-end: 4,882 M €). The rise ismainly affected by the increase of fair values of derivative financial instruments (please refer to“derivative financial instruments”) as well as higher advance payments received (+1,003 M €,mainly at Airbus division). The main part of non-current deferred income of 265 M € (prior yearend: 266 M €) is linked to deferred revenues of Airbus and ATR relating to Residual Value
Guarantee clauses. These are reversed over the guaranteed period.

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EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Current liabilities
Current provisions increase by +47 M € to 5,930 M € (prior year-end: 5,883 M €) and comprisethe current portions of pensions (216 M €) and other provisions (5,714 M €). The increase mainlyreflects provisions for loss making contracts (+46 M €), provisions for personnel charges (+40 M €)and for restructuring measures (+31 M €, thereof +65 M € reclassified from non-current
provisions), partly reduced by provisions for outstanding costs (-74 M €).
Short-term financing liabilities of 1,395 M € (prior year-end: 2,429 M €) decrease by -1,034 M €,mainly due to the repayment of the first tranche of the EMTN bond with an amount of 1 billion € in
March 2010.
Other current liabilities include “Current other financial liabilities”, “Current other liabilities” and“Current deferred income”. They increase by +86 M € to 25,713 M € (prior year-end: 25,627 M €).
Other current liabilities mainly comprise current customer advance payments of 20,740 M € (prioryear-end: 21,271 M €).

9. Significant cash flow items
Cash used for operating activities decreases by -366 M € to -726 M € (first three months 2009:-360 M €). Gross cash flow from operations (excluding working capital changes) of +386 M € falls
below the prior period’s level (first three months 2009: +658 M €). The decrease is mainly affectedby foreign exchange rate effects. Changes in other operating assets and liabilities (working capitalchanges) amount to -1,112 M € (first three months 2009: -1,018 M €), mainly reflecting an increase
in inventories, partly compensated by higher advance payments received.
Cash used for / provided by investing activities (including change in securities) amounts to-263 M € (first three months 2009: +666 M €). This mainly comprises purchases of intangible
assets and property, plant and equipment of -345 M €, namely in Airbus division, and payments forinvestments in associates and other investments and long-term financial assets of -83 M €, partly
compensated by a net sale of securities of +136 M €.
Cash used for financing activities is reduced by -919 M € to -1,013 M € (first three months
2009: -94 M €). The outflow comprises the repayment of the first tranche of the EMTN bond
(1 billion €) included in financing liabilities.

10. Number of shares
The total number of shares outstanding is 810,886,053 and 810,648,402 as of March 31, 2010 and2009, respectively. EADS’ shares are exclusively ordinary shares with a par value of 1.00 €.
During the first three months of 2010, the number of treasury shares held by EADS increased from
5,196,450 as of December 31, 2009 to 5,219,008 as of March 31, 2010.
In the first three months of 2010 and 2009, respectively, EADS did not issue any shares.

11. Earnings per share
Basic earnings per share are calculated by dividing profit for the period attributable to equity
holders of the parent (Net income) by the weighted average number of issued ordinary shares
during the period, excluding ordinary shares purchased by the Group and held as treasury shares:

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EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

Net income attributable to equity owners of the parent
Weighted average number of ordinary shares outstanding
Basic earnings per share

January 1 toMarch 31, 2010

January 1 toMarch 31, 2009

103 M €

170 M €

810,894,262

809,366,635

0.13 €

0.21 €For calculation of the diluted earnings per share, the weighted average number of ordinary
shares is adjusted to assume conversion of all potential ordinary shares. The Group’s categories
of dilutive potential ordinary shares are stock options as well as performance and restricted
shares. Since the average price of EADS shares did not exceed the exercise price of any stock
option plan initiated by the Group, no shares related to stock options were considered in thecalculation of diluted earnings per share during the first three months of 2010 and 2009. Since theaverage price of EADS shares during the first three months of 2010 exceeded the price ofperformance and restricted shares, 1,280,857 shares related to performance and restricted shares(in the first three months of 2009: 675,086 shares) were considered in the calculation.

Net income attributable to equity owners of the parent
Weighted average number of ordinary shares outstanding(diluted)
Diluted earnings per share

January 1 toMarch 31, 2010

January 1 toMarch 31, 2009

103 M €

170 M €

812,175,119

810,041,721

0.13 €

0.21 €

12. Related party transactions
The Group has entered into various transactions with related companies in the first three monthsof 2010 and 2009 that have all been carried out in the normal course of business. As it is theGroup’s policy, all related party transactions have to be carried out at arm’s length. Transactions
with related parties include the French State, Daimler AG, Lagardère and SEPI (Spanish State).
Except for the transactions with the French State and SEPI, such transactions are not consideredmaterial to the Group either individually or on aggregate. The transactions with the French State
include mainly sales from the Eurocopter, Defence & Security and Astrium divisions. The
transactions with SEPI include mainly sales from Airbus Military and Defence & Security division.

13. Number of employees
The number of employees as at March 31, 2010 is 119,860 as compared to 119,506 as at
December 31, 2009.

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EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 2010

14. Litigation and claims
The following supplements and amends the discussion set forth under note 33 “Litigation andclaims” in the notes to the Consolidated Financial Statements for the year ending December 31,
2009.

Paragraph 4 is replaced by the following: “Although EADS is not a party, EADS is supporting theEuropean Commission in litigation before the WTO. Following its unilateral withdrawal from the
1992 EU-US Agreement on Trade in Large Civil Aircraft, the US lodged a request on 6 October
2004 to initiate proceedings before the WTO. On the same day, the EU launched a parallel WTO
case against the US in relation to its subsidies to Boeing. On 31 May 2005, the US and the EUeach requested the establishment of a panel. At its meeting on 20 July 2005, the Dispute
Settlement Body established the panels. Between November 2005 and the present, the parties
filed numerous written submissions and attended several oral hearings in both cases. On 23
March 2010, a non-binding confidential report was issued in the case brought by the US. The
decision will be released publicly in the second quarter of 2010, and will likely be appealed by bothsides. A draft decision in the case brought by the EU concerning subsidies to Boeing is expected
in June 2010. Exact timing of further steps in the WTO litigation process is subject to ruling of thepanels and to negotiations between the US and the EU. Unless a settlement, which is currently notunder discussion, is reached between the parties, the litigation is expected to continue for several
years.”

Paragraph 7 is replaced by the following: “On 12 June 2008, two actions were initiated in the
United States District Court for the Southern District of New York, one of which has since been
voluntarily withdrawn. The remaining action purports to be a class action brought on behalf of all
persons and entities residing in the United States who purchased or otherwise acquired EADS’common stock during the period from 27 July 2005 through 9 March 2007. Named as defendants
are EADS and four current or former executives of EADS and Airbus. The action seeks damages
in an unspecified amount, with interest and attorneys’ fees, for alleged violations of the US
securities laws in connection with financial disclosures issued by EADS in 2005, 2006 and 2007
and public statements made during that same time frame relating to A380 programme delays. On
26 March 2010, the Court granted defendants’ motion to dismiss for lack of subject matter
jurisdiction. On 23 April 2010, plaintiff filed a notice of appeal of the Court’s decision.”

Paragraph 10 is replaced by the following: “On 10 November 2009, Airbus Military SL (AMSL)
notified Europrop International GmbH (EPI), the engine manufacturer under the A400M aircraft
programme, that it had a number of contractual claims against it for breach of Milestones 7, 8 and
9 under the engine agreement, in an amount currently totalling approximately 500 M €. On 8
February 2010, EPI notified AMSL of its own claims under the engine agreement in an amount
totalling approximately 425 M €, and on 23 February 2010, EPI sent notice of its intent to seek
arbitration, and of its sending of a request for arbitration to the International Chamber ofCommerce (ICC) on the same day. On 4 May 2010, AMSL and EPI entered into a Standstill
Agreement to allow without prejudice business discussions and renegotiations until end June
2010, with a further 30 days thereafter for AMSL to submit its response in the arbitration if
renegotiations are not successful.”

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EADS N.V.
Unaudited Condensed Consolidated Financial Information for the three-month period ended March 31, 201015. Subsequent events
On April 27, 2010 Eurocopter has announced details of the implementation of the transformationand improvement program SHAPE. As part of this program, Eurocopter plans to save 200 M €annually.

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