Airbus SE
Unaudited Condensed Interim
IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Contents
1 Airbus SE Unaudited Condensed Interim IFRS Consolidated Financial Statements ......................................................................2
Unaudited Condensed Interim IFRS Consolidated Income Statement ...............................................................................................2
Unaudited Condensed Interim IFRS Consolidated Statement of Comprehensive Income .................................................................3
Unaudited Condensed Interim IFRS Consolidated Statement of Financial Position ...........................................................................4
Unaudited Condensed Interim IFRS Consolidated Statement of Cash Flows ....................................................................................6
Unaudited Condensed Interim IFRS Consolidated Statement of Changes in Equity ..........................................................................7
2 Notes to the Airbus SE Unaudited Condensed Interim IFRS Consolidated Financial Statements .................................................81.

The Company .......................................................................................................................................................................82.

Ukraine Crisis........................................................................................................................................................................83.

Impact of the COVID-19 Pandemic .......................................................................................................................................94.

Accounting Policies ...............................................................................................................................................................95.

Climate Impact ......................................................................................................................................................................96.

Acquisitions and Disposals ....................................................................................................................................................97.

Related Party Transactions ................................................................................................................................................. 10

8.

Segment Information ........................................................................................................................................................... 10

9.

Revenue and Gross Margin ................................................................................................................................................ 11

10.

Research and Development Expenses ............................................................................................................................... 12

11.

Other Income and Other Expenses ..................................................................................................................................... 12

12.

Share of Profit from Investments Accounted for under the Equity Method and Other Income from Investments .................. 12

13.

Total Financial Result.......................................................................................................................................................... 12

14.

Income Taxes ..................................................................................................................................................................... 12

15.

Earnings per Share ............................................................................................................................................................. 13

16.

Intangible Assets and Property, Plant and Equipment ......................................................................................................... 13

17.

Investments Accounted for under the Equity Method........................................................................................................... 13

18.

Other Investments and Other Long-Term Financial Assets ................................................................................................. 13

19.

Inventories .......................................................................................................................................................................... 13

20.

Provisions ........................................................................................................................................................................... 14

21.

Other Financial Assets and Other Financial Liabilities ......................................................................................................... 14

22.

Other Assets and Other Liabilities ....................................................................................................................................... 15

23.

Total Equity ......................................................................................................................................................................... 1524.

Net Cash ............................................................................................................................................................................. 16

25.

Financial Instruments .......................................................................................................................................................... 17

26.

Litigation and Claims ........................................................................................................................................................... 18

27.

Number of Employees ......................................................................................................................................................... 21

28.

Events after the Reporting Date .......................................................................................................................................... 21

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

1
Airbus SE
Unaudited Condensed Interim
IFRS Consolidated Financial Statements
Unaudited Condensed Interim
IFRS Consolidated Income Statement(In € million)

Revenue
Cost of sales
Gross margin
Selling expenses
Administrative expenses
Research and development expenses
Other income
Other expenses
Share of profit (loss) from investments accounted for under the equity method
Other income from investments
Profit before financial result and income taxes
Interest income
Interest expense
Other financial result
Total financial result
Income taxes
Profit for the period

Note
9
9

10
11
11
12
12

13
14

Attributable toEquity owners of the parent (Net income)Non-controlling interests
Earnings per share
Basic
Diluted15
15

1 January 31 March 2022
12,000(9,460)
2,540
(181)
(330)
(586)
22
(19)
(21)
4
1,429
2
(78)
242
166
(402)
1,193

1 January 31 March 2021
10,460(8,981)
1,479
(170)
(340)
(620)
21
(26)
9
109
462
14
(96)
141
59
(175)
346

1,219
(26)

362
(16)

€
1.55
1.55

€
0.46
0.46

The accompanying notes are an integral part of these Unaudited Condensed Interim IFRS Consolidated Financial Statements.

2

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Unaudited Condensed Interim
IFRS Consolidated Statement of Comprehensive Income
1 January 31 March 2022
1,193

1 January 31 March 2021
346

Items that will not be reclassified to profit or loss:
Re-measurement of the defined benefit pension plans
Income tax relating to re-measurement of the defined benefit pension plans
Change in fair value of financial assets
Income tax relating to change in fair value of financial assets
Share of change from investments accounted for under the equity method

987
(226)
(191)
24
2

2,372
(398)
(51)
(8)
17

Items that may be reclassified to profit or loss:
Foreign currency translation differences for foreign operations
Change in fair value of cash flow hedges
Income tax relating to change in fair value of cash flow hedges
Change in fair value of financial assets
Income tax relating to change in fair value of financial assets
Share of change from investments accounted for under the equity method
Other comprehensive income, net of tax
Total comprehensive income for the period

60
(560)
154
(247)
2
7
12
1,205

88
(2,581)
666
(34)
9
2
82
428

Attributable to:Equity owners of the parent
Non-controlling interests

1,221
(16)

445
(17)

(In € million)

Note

Profit for the period
Other comprehensive income

The accompanying notes are an integral part of these Unaudited Condensed Interim IFRS Consolidated Financial Statements.

3

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Unaudited Condensed Interim
IFRS Consolidated Statement of Financial Position(In € million)

AssetsNon-current assets
Intangible assets
Property, plant and equipment
Investment property
Investments accounted for under the equity method
Other investments and other long-term financial assets
Non-current contract assets
Non-current other financial assets
Non-current other assets
Deferred tax assets
Non-current securities
Total non-current assets

Note

31 March 2022

31 December 2021

16
1616,39916,336
40
1,693
4,235
25
569
843
4,231
6,648
51,01916,367
16,536
41
1,672
4,001
27
691
795
4,323
6,794
51,24730,211
5,383
649
1,633
1,764
2,761
569
1,123
15,045
59,1380
110,157

28,538
5,063
537
1,377
1,451
2,393
552
1,317
14,57255,8000
107,047

17
18
21
22
24

Current assets
Inventories
Trade receivables
Current portion of other long-term financial assets
Current contract assets
Current other financial assets
Current other assets
Current tax assets
Current securities
Cash and cash equivalents
Total current assets
Assets and disposal group of assets classified as held for sale
Total assets

19
18
21
22
24
24

4

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

(In € million)

Equity and liabilities
Equity attributable to equity owners of the parent
Capital stock
Share premium
Retained earnings
Accumulated other comprehensive income
Treasury shares
Total equity attributable to equity owners of the parent
Non-controlling interests
Total equity
Liabilities
Non-current liabilities
Non-current provisions
Long-term financing liabilities
Non-current contract liabilities
Non-current other financial liabilities
Non-current other liabilities
Deferred tax liabilities
Non-current deferred income
Total non-current liabilities

Note

31 March 2022

31 December 2021

23

789
3,846
8,883
(2,567)(81)
10,87025
10,895

787
3,712
6,834
(1,822)
(45)
9,466
20
9,486

9,332
12,527
19,123
7,177
554
119
5
48,837

10,771
13,094
18,620
6,562
583
116
8
49,754

4,447
2,045
10,296
24,594
2,993
3,971
1,351
728
50,425099,262
110,157

4,510
1,946
9,693
23,906
2,532
3,532
1,057
631
47,807
097,561
107,047

20
24
21
22

Current liabilities
Current provisions
Short-term financing liabilities
Trade liabilities
Current contract liabilities
Current other financial liabilities
Current other liabilities
Current tax liabilities
Current deferred income
Total current liabilities
Disposal group of liabilities classified as held for sale
Total liabilities
Total equity and liabilities

20
24

21
22

The accompanying notes are an integral part of these Unaudited Condensed Interim IFRS Consolidated Financial Statements.

5

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Unaudited Condensed Interim
IFRS Consolidated Statement of Cash Flows(In € million)

Note

Operating activities
Profit for the period attributable to equity owners of the parent (Net income)Loss for the period attributable to non-controlling interests
Adjustments to reconcile profit for the period to cash provided by operating
activities:
Depreciation and amortization
Valuation adjustments
Deferred tax expense (income)Change in income tax assets, income tax liabilities and provisions for income
tax
Results of investments accounted for under the equity method
Change in current and non-current provisions
Contribution to plan assets
Change in other operating assets and liabilities
Cash provided by operating activities
Investing activities
Purchases of intangible assets, property, plant and equipment andinvestment property
Proceeds from disposals of intangible assets, property, plant and equipment
and investment property
Acquisitions of subsidiaries, joint ventures, businesses and non-controllinginterests (net of cash)
Payments for investments accounted for under the equity method, otherinvestments and other long-term financial assets
Proceeds from disposals of investments accounted for under the equity
method, other investments and other long-term financial assets
Dividends paid by companies valued at equity
Change in securities
Cash (used for) investing activities
Financing activities
Change in financing liabilities
Changes in liability for puttable instruments
Changes in capital and non-controlling interests
Change in treasury shares
Cash provided by (used for) financing activities
Effect of foreign exchange rate changes on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

1 January 31 March 2022

1 January 31 March 2021

1,219
(26)

362
(16)

585
(384)
58

597
(37)
(62)

279
21
(532)
(70)
(662)
488

227
(9)
(442)
(175)
1,040
1,485

(337)

(460)

25

32

(6)

(7)

(231)

(84)

96
0
92
(361)

70
0
421
(28)

28
134
139
(36)
265
81
473
14,572
15,045

(341)
0
133
0
(208)
285
1,534
14,43915,973

The accompanying notes are an integral part of these Unaudited Condensed Interim IFRS Consolidated Financial Statements.

6

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Unaudited Condensed Interim
IFRS Consolidated Statement of Changes in Equity
Equity attributable toequity owners of theparent6,445

Non-controllinginterests
11

Total Equity
6,456

Profit for the period
Other comprehensive income

362
83

(16)
(1)

346
82

Total comprehensive income for the period
Capital increase

445
130

(17)
0

428
130

Share-based payment (IFRS 2)
Equity transaction (IAS 27)
Change in treasury shares
Balance at 31 March 2021

45
(17)
0
7,048

0
22
0
16

45
5
0
7,064

Balance at 1 January 2022

9,466

20

9,486

Profit for the period

1,219

(26)

1,193

Other comprehensive income
Total comprehensive income for the period

2
1,221

10
(16)

12
1,205

136
83
0

0
0
21

136
83
21

(36)
10,870025(36)
10,895(In € million)
Balance at 1 January 2021

Capital increase
Share-based payment (IFRS 2)
Equity transaction (IAS 27)
Change in treasury shares
Balance at 31 March 2022

The accompanying notes are an integral part of these Unaudited Condensed Interim IFRS Consolidated Financial Statements.

7

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

2
Notes to the Airbus SE
Unaudited Condensed Interim
IFRS Consolidated Financial Statements
1.

The Company

The accompanying Unaudited Condensed Interim IFRS Consolidated Financial Statements present the financial position and the resultsof operations of Airbus SE together with its subsidiaries referred to as “the Company”, a European public limited-liability company(Societas Europaea) with its seat (statutaire zetel) in Amsterdam, The Netherlands, its registered address at Mendelweg 30, 2333 CS
Leiden, The Netherlands, and registered with the Dutch Commercial Register (Handelsregister) under number 24288945. The Company’s
reportable segments are Airbus, Airbus Helicopters and Airbus Defence and Space (see “– Note 8: Segment Information”). The Company
is listed on the European stock exchanges in Paris, Frankfurt am Main, Madrid, Barcelona, Valencia and Bilbao. The Unaudited
Condensed Interim IFRS Consolidated Financial Statements were authorised for issue by the Company’s Board of Directors on 4 May
2022.

2.

Ukraine Crisis

Russia's invasion of Ukraine on 24 February 2022 and the resulting export control restrictions and international sanctions against Russia,
Belarus and certain Russian entities and individuals have resulted in disruption to the Company’s business, its operations, data
management and supply chain.
Following the imposition of export control restrictions and sanctions by the EU, the UK, the US and other countries that are relevant to theCompany's business, the Company announced in March 2022 it has suspended the delivery of aircraft and support services to Russiancustomers, as well as the supply of spare parts, equipment and software to Russia. The Company is complying with all applicableregulations and sanctions to its facilities and operations in Russia.
The crisis has increased the Company’s exposure to supply chain disruption risk. Part of the titanium used by the Company is sourced
from Russia, both directly and indirectly through the Company’s suppliers. While geopolitical risks are integrated into the Company’stitanium sourcing policies, the impact of Russia’s invasion of Ukraine on the Company’s ability to source materials and components andany future expansion of sanctions is being reviewed.
The crisis has also exposed the Company to the risk of Soyuz business interruption that will have an impact on future launches ofArianespace.
Due to the above mentioned export control restrictions and sanctions, the Company has been unable to deliver 2 aircraft previously
recorded as sold at 31 December 2021. As a result, the associated revenues and margin have been derecognised as of 31 March 2022.
These aircraft are being remarketed.
The Company has activated a crisis management cell in response to Russia's invasion of Ukraine and is monitoring the situation andevaluating the impacts to cyber security, operations, production, deliveries, logistics and transport as well as impacts on materials andcomponents sourcing, inflation, oil and energy prices.
As of 31 March 2022, the resulting recorded EBIT charge amounts to approximately € 0.2 billion, mainly relating to Airbus and Airbus
Defence and Space.

8

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

3.

Impact of the COVID-19 Pandemic

The Company’s business, results of operations and financial condition have been and may continue to be materially affected by the
COVID-19 pandemic, as the Company continues to face risks and uncertainties. For more details on 2021 impacts, please refer to theCompany’s IFRS Consolidated Financial Statements as of 31 December 2021.
The commercial environment improved in 2021, in particular an increase in air travel demand and the Company decided to update its
production rates in response to the market environment.
As of 31 December 2021, financials reflected deliveries as well as efforts on cost containment and competitiveness. Furthermore, theCompany performed a comprehensive review of provisions and depreciations, taking into account increased production rates andexpected future deliveries. Consequently, the Company recorded € 0.6 billion of release of COVID-related provisions including
restructuring in 2021. The year-end 2021 assessment remains unchanged as of 31 March 2022.
The Company is monitoring the evolution of the COVID-19 pandemic and will continue to assess further impacts going forward.
Management considers the Company has sufficient resources to continue operating for at least 12 months and that there are no material
uncertainties about the Company’s ability to continue as a going concern.

4.

Accounting Policies

The Unaudited Condensed Interim IFRS Consolidated Financial Statements are prepared in accordance with International Financial
Reporting Standards (“IFRS”), issued by the International Accounting Standards Board (“IASB”) as endorsed by the European Union(“EU”). They are prepared and reported in euro (“€”) and all values are rounded to the nearest million appropriately.
Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect theabsolute figures.
These Unaudited Condensed Interim IFRS Consolidated Financial Statements are prepared in compliance with IAS 34 and should beread in conjunction with the IFRS Consolidated Financial Statements as of 31 December 2021. The Company’s accounting policies andmethods are unchanged compared to 31 December 2021. The implementation of amended standards has no material impact on the
Unaudited Condensed Interim IFRS Consolidated Financial Statements as of 31 March 2022.

Agenda Decision published by the IFRS Interpretation Committee (“IFRIC”)
In April 2021, IFRIC published an agenda decision, “Configuration or Customisation Costs in a Cloud Computing Arrangement”, which
considered how an entity should account for configuration and customisation costs incurred in implementing these service arrangements.
IFRIC concluded that these costs should be expensed, unless the criteria for recognising a separate asset are met. The Company iscurrently undertaking the analysis required to quantify the potential impact and assessing whether a change in accounting policy would
be required or not.

Use of Estimates and Judgements
In preparing the Unaudited Condensed Interim IFRS Consolidated Financial Statements, management makes assumptions and estimates.
These estimates are revised if the underlying circumstances have evolved or in light of new information. The underlying assumptions used
for the main estimates are similar to those described in the Company’s IFRS Consolidated Financial Statements as of 31 December 2021.

5.

Climate Impact

Climate change may have a major impact on both the Company’s industrial operations and its upstream and downstream value chain.
The Company continuously assesses potential impacts of identified environmental risks and opportunities.
As of 31 March 2022, to the best of the Company’s judgement, there is no material impact on the Company’s assets and liabilities. The
Company considered the assumptions related to the life cycle of its main programmes and the related impacts on long-lived assets
impairments and concluded that there was no need for impairment. Similarly, the Company did not identify any need for revision to theuseful lives of the property, plant and equipment and intangible assets.

6.

Acquisitions and Disposals

There are no material acquisitions and disposals as of 31 March 2022.

9

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

7.

Related Party Transactions

The Company has entered into various transactions with related entities; carried out in the normal course of business.

8.

Segment Information

The Company operates in three reportable segments which reflect the internal organisational and management structure according to thenature of the products and services provided.


Airbus — Development, manufacturing, marketing and sale of commercial jet passenger aircraft of more than 100 seats, freighter
aircraft and regional turboprop aircraft and aircraft components; aircraft conversion and related services. It also includes the holding
function of the Company and its bank activities.



Airbus Helicopters — Development, manufacturing, marketing and sale of civil and military helicopters; provision of helicopter
related services.



Airbus Defence and Space — Military Aircraft design, development, delivery, and support of military aircraft such as combat,
mission, transport and tanker aircraft and their associated services. Space Systems design, development, delivery, and support offull range of civil and defence space systems for telecommunications, earth observations, navigation, science and orbital systems.
Connected Intelligence provision of services around data processing from platforms, secure communication and cyber security. In
addition, the main joint ventures design, develop, deliver, and support missile systems as well as space launcher systems. Unmanned
Aerial Systems design, development, delivery and service support.

On 1 January 2022, Airbus Atlantic, a wholly-owned Airbus subsidiary, was established. The new company groups the strengths,
resources and skills of Airbus’s sites in Nantes and Montoir-de-Bretagne, the central functions associated with their activities, as well as
the STELIA Aerospace sites worldwide.
This unification is part of the transformation project announced in April 2021, aimed at strengthening the value chain of aerostructureassembly within Airbus’s industrial setup.
In addition, the Company has now reached a preliminary understanding concerning the establishment of a new aerostructures assemblycompany in Germany, as well as the future of the Detail Parts and sub-assembly activities at Premium AEROTEC. Some of theaerostructures assembly of aircraft fuselages, currently spread across the company and subsidiaries, could be merged and fully integrated
into the Company as a core activity on 1 July 2022.
These have no impact on the segment structure described above.
The following tables present information with respect to the Company’s business segments. As a rule, inter-segment transfers are carriedout on an arm’s length basis. Inter-segment sales predominantly take place between Airbus and Airbus Defence and Space and between
Airbus Helicopters and Airbus. Consolidation effects are reported in the column “Eliminations”.
The Company uses EBIT as a key indicator of its economic performance.

10

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Business segment information for the three-month period ended 31 March 2022 is as follows:(In € million)

Total revenue
Internal revenue
Revenue
thereofsales of goods at a point in timesales of goods over time
services, including sales of spare parts
Profit before financial result and income taxes(EBIT)
thereof research and development expenses
Interest result
Other financial result
Income taxes
Profit for the period

Airbus
8,541
(184)
8,357

AirbusHelicopters
1,265
(65)
1,200

AirbusDefenceand Space
2,453
(10)
2,443

Eliminations
0
0
0

Consolidated
Airbus12,259(259)
12,000

7,634
0
723

479
49
672

709
985
749

0
0
0

8,822
1,034
2,144

1,242
(477)

90
(56)

95
(53)

2
0

1,429
(586)
(76)
242
(402)
1,193

Airbus
7,272
(46)
7,226

AirbusHelicopters
1,177
(50)
1,127

AirbusDefenceand Space
2,115
(8)
2,107

Eliminations
0
0
0

Consolidated
Airbus
10,564(104)
10,460

6,770
1
455

461
41
625

542
783
782

0
0
0

7,773
825
1,862

343
(520)

62
(55)

17
(47)

40
2

462
(620)
(82)
141
(175)
346

Business segment information for the three-month period ended 31 March 2021 is as follows:(In € million)

Total revenue
Internal revenue
Revenue
thereofsales of goods at a point in timesales of goods over time
services, including sales of spare parts
Profit before financial result and income taxes(EBIT)
thereof research and development expenses
Interest result
Other financial result
Income taxes
Profit for the period

9.

Revenue and Gross Margin

Revenue increased by € +1,540 million to € 12,000 million (first three months 2021: € 10,460 million). The increase is mainly driven by
Airbus (€ +1,131 million) reflecting higher volume in aircraft deliveries and a favourable mix.
Revenue by geographical areas based on the location of the customer is as follows:
1 January 31 March 2022
5,180
3,084
2,650
507
291
288
12,000(In € million)

EuropeAsia-PacificNorth America
Middle East
Latin America
Other countries
Total

1 January 31 March 2021
3,830
3,437
1,297
349
153
1,394
10,460

The gross margin increased by € +1,061 million to € 2,540 million compared to € 1,479 million in the first three months 2021. It is mainly
driven by higher aircraft deliveries and better cost efficiency at Airbus. The gross margin includes a non-recurring positive impact related
to the re-measurement of past service cost in the retirement obligations of € 0.4 billion (see “– Note 20: Provisions”). The gross marginrate increased from 14.1% to 21.2%.

11

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

As of 31 March 2022, the Company has delivered a total of 106 A400M aircraft including 1 aircraft in the first three months of 2022.
The COVID-19 pandemic is weighing on the performance of development, production, flight testing, aircraft delivery and retrofit activitiesof the programme. The Company has continued with development activities toward achieving the revised capability roadmap. Retrofit
activities are progressing in close alignment with the customer.
In 2021, an update of the contract estimate at completion was performed and an additional charge of € 212 million recorded reflecting
mainly the updated estimates on the delivery pattern of the launch contract and the associated impact on unabsorbed costs. The yearend 2021 assessment remains unchanged as of 31 March 2022.
Risks remain on the qualification of technical capabilities and associated costs, on aircraft operational reliability in particular with regard
to power plant, on cost reductions and on securing export orders in time as per the revised baseline.
Defence export licences to Saudi Arabia were suspended by the German Government until 31 March 2020. An Estimate at Completion(EAC) for a customer contract was performed as of 31 December 2021, and the Company continues to engage with its customer to agree
a way forward. The outcome of these negotiations is presently unclear but could result in further significant financial impacts. The yearend 2021 assessment remains unchanged as of 31 March 2022.

10.

Research and Development Expenses

Research and development expenses decreased by € -34 million to € 586 million compared to € 620 million in the first three months
2021.

11.

Other Income and Other Expenses

Other income increased by € +1 million to € 22 million compared to € 21 million in the first three months 2021.
Other expenses decreased by € -7 million to € -19 million compared to € -26 million in the first three months 2021.

12.

Share of Profit from Investments Accounted for under the Equity
Method and Other Income from Investments

Share of profit from investments under the equity method and other income from investments decreased by € -135 million to€ -17 million compared to € 118 million in the first three months 2021. In the first three months 2021, it included dividends received fromother investments classified at fair value through OCI for an amount of € 108 million.

13.

Total Financial Result

Total financial result improved by € +107 million to € 166 million compared to € 59 million in the first three months 2021. This is driven
by the revaluation of certain equity investments (see “– Note 18: Other Investments and Other Long-Term Financial Assets”), partly offset
by both the negative impact from foreign exchange valuation of monetary items and the revaluation of financial instruments.

14.

Income Taxes

The income tax expense amounts to € -402 million (first three months 2021: € -175 million) and corresponds to an effective income tax
rate of 25.2%. This includes impacts on the tax-free revaluation of certain equity investments under IFRS 9 partially offset by deferred tax
asset impairments. Management will continue to assess its tax contingencies going forward, whose outcome could result in further financial
impacts.

12

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

15.

Earnings per ShareProfit for the period attributable to equity owners of the parent (Net income)Weighted average number of ordinary shares
Basic earnings per share

1 January 31 March 2022
€ 1,219 million
785,841,075€ 1.55

1 January 31 March 2021
€ 362 million
783,986,683€ 0.46

Diluted earnings per share – The Company’s dilutive potential ordinary shares are share-settled Performance Units relating to LongTerm Incentive Plans (“LTIP”).
During the first three months 2022, the average price of the Company’s shares exceeded the exercise price of the share-settled
Performance Units and therefore 609,919 shares were considered in the calculation of diluted earnings per share.

Profit for the period attributable to equity owners of the parent (Net income),
adjusted for diluted calculation
Weighted average number of ordinary shares (diluted)
Diluted earnings per share16.

1 January 31 March 2022

1 January 31 March 2021

€ 1,219 million
786,450,994€ 1.55€ 362 million
784,528,867€ 0.46

Intangible Assets and Property, Plant and Equipment

Intangible assets increased by € +32 million to € 16,399 million (prior year-end: € 16,367 million). Intangible assets mainly relate to
goodwill of € 13,033 million (prior year-end: €13,028 million). Based on management’s best estimate, there is no impact on the useful lifeof capitalised development costs resulting from the Company’s journey towards sustainable aerospace.
Property, plant and equipment decreased by € -200 million to € 16,336 million (prior year-end: € 16,536 million). Property, plant andequipment include right-of-use assets for an amount of € 1,689 million as of 31 March 2022 (prior year-end: € 1,698 million). Based on
management’s best estimate, there is no impact on the useful life of Property, plant and equipment resulting from the Company’s journey
towards sustainable aerospace.

17.

Investments Accounted for under the Equity Method

Investments accounted for under the equity method increased by € +21 million to € 1,693 million (prior year-end: € 1,672 million). They
mainly include the equity investments in ArianeGroup, MBDA and ATR GIE.

18.

Other Investments and Other Long-Term Financial Assets(In € million)

Other investments
Other long-term financial assets
Total non-current other investments and other long-term financial assets
Current portion of other long-term financial assets
Total

31 March 2022
2,775
1,460
4,235
649
4,884

31 December 2021
2,511
1,490
4,001
537
4,538

Other investments mainly comprise the Company’s participations and include the remaining investment in Dassault Aviation (9.90%,
prior year-end: 9.90%) amounting to € 1,189 million at 31 March 2022 (prior year-end: € 786 million).
Other long-term financial assets and the current portion of other long-term financial assets include other loans in the amount of€ 1,993 million as of 31 March 2022 (prior year-end: € 1,909 million), and the sales financing activities in the form of finance leasereceivables and loans from aircraft financing.

19.

Inventories

Inventories of € 30,211 million (prior year-end: € 28,538 million) increased by € +1,673 million. This is driven by Airbus (€ +1,344 million),
mainly linked to an increase in the work in progress, reflecting the inventory build up to support the A320 family ramp up.

13

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

20.

Provisions(In € million)

31 March 2022
5,660
8,119
13,779
9,332
4,447

Provisions for pensions
Other provisions
Total
thereof non-current portion
thereof current portion

31 December 2021
7,072
8,209
15,281
10,771
4,510

As of 31 March 2022, provisions for pensions decreased mainly due to the increase of the discount rates in Germany, France, Canada
and the UK during the first three months 2022, resulting from market volatility related mainly to the Ukraine crisis and due to the remeasurement of past service cost in the retirement obligations recognised as a profit in the income statement of € 0.4 billion.

21.

Other Financial Assets and Other Financial Liabilities

Other Financial Assets(In € million)

Positive fair values of derivative financial instruments
OthersTotal non-current other financial assets
Receivables from related companies
Positive fair values of derivative financial instruments
OthersTotal current other financial assets
Total

31 March 2022
542
27
569
901
444
419
1,764
2,333

31 December 2021
664
27
691
803
341
307
1,451
2,142

31 March 2022
3,152
3,742
283
7,177
2,364
131
187
311
2,993
10,17031 December 2021
2,640
3,730
192
6,562
1,923
131
180
298
2,532
9,094

Other Financial Liabilities(In € million)

Liabilities for derivative financial instruments
European Governments' refundable advances
OthersTotal non-current other financial liabilities
Liabilities for derivative financial instruments
European Governments' refundable advances
Liabilities to related companies
OthersTotal current other financial liabilities
Total

In the first three months 2022, the European Governments’ refundable advances increased by € +12 million to € 3,873 million (prior yearend: € 3,861 million).
The allocation of European Governments’ refundable advances between non-current and current presented in the Unaudited Condensed
Interim IFRS Consolidated Financial Statements ended 31 March 2022 is based on the applicable contractual repayment dates.

14

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

22.

Other Assets and Other Liabilities

Other Assets(In € million)

31 March 2022
292
139
412
843
1,423
519
421
398
2,761
3,604

Cost to fulfil a contract
Prepaid expenses
OthersTotal non-current other assets
Value added tax claims
Cost to fulfil a contract
Prepaid expenses
OthersTotal current other assets
Total

31 December 2021
301
116
378
795
1,183
499
392
319
2,393
3,188

As of 31 March 2022, non-current other assets include € 328 million of payments to be made to Airbus by suppliers after aircraft delivery(prior year-end: € 305 million). They are recorded as a reduction of cost of goods sold at the time of aircraft delivery. These future payments
are discounted to reflect specific contractual terms and repayment profile.

Other Liabilities(In € million)

31 March 2022
554
554
866
3,105
3,971
4,525

OthersTotal non-current other liabilities
Tax liabilities (excluding income tax)
OthersTotal current other liabilities
Total

23.

31 December 2021
583
583
771
2,761
3,532
4,115

Total Equity

The Company’s shares are exclusively ordinary shares with a par value of € 1.00. The following table shows the development of thenumber of shares issued and fully paid:
31 March 2022
786,083,690
2,052,509
788,136,199(780,885)
787,355,314(In number of shares)

Issued at 1 January
Issued for ESOP
Issued at end of period
Treasury shares
Outstanding at end of period

31 December 2021
784,149,270
1,934,420
786,083,690(454,735)
785,628,955

Holders of ordinary shares are entitled to dividends and to one vote per share at general meetings of the Company.
Equity attributable to equity owners of the parent (including purchased treasury shares) amounts to € 10,870 million (prior year-end:€ 9,466 million) representing an increase of € +1,404 million mainly explained by the net income for the period of € +1,219 million and anincrease in the other comprehensive income, principally related to a change in actuarial gains and losses of € +747 million partly offset by
the change in fair value of financial assets of € -412 million and the mark to market revaluation of the hedge portfolio of € -410 million.
The non-controlling interests (“NCI”) from non-wholly owned subsidiaries increased to € 25 million as of 31 March 2022 (prior yearend: € 20 million). These NCI do not have a material interest in the Company’s activities and cash flows.

15

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

24.

Net Cash

The net cash position provides financial flexibility to fund the Company’s operations, to react to business needs and risk profile and toreturn capital to the shareholders.

(In € million)

31 March 2022
15,045
1,123
6,648
22,816(2,045)(12,527)
(533)
7,711

Cash and cash equivalents
Current securities
Non-current securities
Gross cash position
Short-term financing liabilities
Long-term financing liabilities
Interest rate contracts (1)Total

31 December 2021
14,572
1,317
6,794
22,683(1,946)(13,094)
97
7,740

(1)
The Company has decided to refine the net cash definition to include interest rate contracts related to fair value hedges, which is also reflected in the
Q1 2022 balance.

The net cash position on 31 March 2022 amounted to € 7,711 million (prior year-end: € 7,740 million), with a gross cash position of€ 22,816 million (prior year-end: € 22,683 million).

Cash and Cash Equivalents
Cash and cash equivalents are composed of the following elements:(In € million)

31 March 2022
7,607
6,626
812
0
15,045

Bank account and petty cash
Short-term securities (at fair value through profit or loss)
Short-term securities (at fair value through OCI)
OthersTotal cash and cash equivalents

31 December 2021
1,964
12,075533
014,572

Only securities with a maturity of three months or less from the date of the acquisition, that are readily convertible to known amounts ofcash and which are subject to an insignificant risk of changes in value, are recognised in cash equivalents.
Cash and cash equivalents have increased by € +0.4 billion from € 14.6 billion at 31 December 2021 to € 15.0 billion at 31 March 2022
and they include payments received in advance from certain customers.
The main variations are as follows:
Cash provided by operating activities amounted to € +0.5 billion in the first three months 2022, mainly driven by a profit translated into
cash partly offset by a negative impact from working capital which mainly reflects the increase in inventory partly compensated by apositive impact from contract assets and contract liabilities. It also includes a positive impact from net payments made to suppliers inanticipation.
Cash used for investing activities amounted to € -0.4 billion, mainly reflecting capital expenditures.
Cash provided by financing activities amounted to € +0.3 billion and includes the funding of ACLP by Investissement Québec (“IQ”).
Similar to previous years, the Company has supported its suppliers concerning supply chain financing arrangements.

16

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Financing Liabilities(In € million)

31 March 2022
10,495465
74
1,493
12,527
0
27
99
235
1,684
2,045
14,572

Bonds and commercial papers
Liabilities to financial institutions
Loans
Lease liabilities
Total long term financing liabilities
Bonds and commercial papers
Liabilities to financial institutions
Loans
Lease liabilities
Others (1)Total short term financing liabilities
Total
(1)

31 December 2021
11,061467
75
1,491
13,094
0
26
96
245
1,579
1,946
15,040Included in “others” are financing liabilities to joint ventures.

Long-term financing liabilities, mainly comprising of bonds and lease liabilities, decreased by € -567 million to € 12,527 million (prioryear-end: € 13,094 million), mainly due to the revaluation of bonds.
Short-term financing liabilities increased by € +99 million to € 2,045 million (prior year-end: € 1,946 million).

25.

Financial Instruments

The following table presents the composition of derivative financial instruments:(In € million)

31 March 2022
542
444
986
(3,152)(2,364)(5,516)(4,530)Non-current positive fair values
Current positive fair values
Total positive fair values of derivative financial instruments
Non-current negative fair values
Current negative fair values
Total negative fair values of derivative financial instruments
Total net fair values of derivative financial instruments

31 December 2021
664
341
1,005
(2,640)(1,923)(4,563)(3,558)The total net fair value of derivative financial instruments decreased by € -972 million to € -4,530 million (prior year-end: € -3,558 million)
as a result of the strengthened US dollar versus the euro associated with the mark to market valuation of the hedge portfolio.
As of 31 March 2022, the total hedge portfolio with maturities up to 2028 amounts to US$ 87.1 billion (prior year-end: US$ 88.3 billion)
and covers a major portion of the foreign exchange exposure expected over the hedging horizon. The US dollar spot rate was 1.11 US$/€and 1.13 US$/€ at 31 March 2022 and at 31 December 2021, respectively. The average US$/€ hedge rate of the US$/€ hedge portfolio
until 2028 remains at 1.25 US$/€ (prior year-end: 1.25 US$/€).

Carrying Amounts and Fair Values of Financial Instruments
Fair values of financial instruments have been determined with reference to available market information at the end of the reporting period
and the valuation methodologies as described in detail in Note 37.2 to the 2021 IFRS Consolidated Financial Statements. For the first
three months 2022, the Company has applied the same methodologies for the fair value measurement of financial instruments.
Carrying amount is a reasonable approximation of fair value for all classes of financial instruments listed in the first table of Note 37.2 tothe 2021 IFRS Consolidated Financial Statements, with the exception of:(In € million)

Financing liabilities
Bonds and commercial papers
Liabilities to financial institutions and others

31 March 2022
Book Value
Fair Value(10,495)(2,349)17(11,894)(2,349)31 December 2021
Book Value
Fair Value(11,061)(2,243)(11,886)(2,243)

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Fair Value Hierarchy
Depending on the extent the inputs used to measure fair values rely on observable market data, fair value measurements may behierarchized according to the following levels of input:• Level 1: quoted prices (unadjusted) in active markets for identical assets and liabilities;• Level 2: inputs other than quoted prices that are observable for the asset or liability – fair values measured based on Level 2 input
typically rely on observable market data such as interest rates, foreign exchange rates, credit spreads or volatilities;• Level 3: inputs for the asset or liability that are not based on observable market data – fair values measured based on Level 3 input rely
to a significant extent on estimates derived from the Company’s own data and may require the use of assumptions that are inherently
judgemental and involve various limitations.
The fair values disclosed for financial instruments accounted for at amortised cost reflect Level 2 input. Otherwise, the Company
determines mostly fair values based on Level 1 and Level 2 inputs and to a lesser extent on Level 3 input.
The following table presents the carrying amounts of the financial instruments held at fair value across the three levels of the fair value
hierarchy:(In € million)

Financial assets measured at fair value
Equity instruments
Derivative instruments
Securities
Customer financing
Cash equivalents
Total
Financial liabilities measured at fair value
Derivative instruments
Other financial liabilities
Total

Level 131 March 2022
Level 2
Level 3

Total

Level 131 December 2021
Level 2
Level 3

Total

1,990
0
7,771
0
6,626
16,387

0
986
0
0
812
1,798

785
0
0
116
0
901

2,775
986
7,771
116
7,438
19,086

1,808
0
8,111
0
12,07521,994

0
1,005
0
0
533
1,538

703
0
0
118
0
821

2,511
1,005
8,111
118
12,60824,353000(5,413)0(5,413)

(103)
(134)
(237)

(5,516)(134)(5,650)000(4,485)
0(4,485)

(78)
(16)
(94)

(4,563)(16)(4,579)As at 31 March 2022, the fair value of the written put options on non-controlling interests (“NCI puts”) relating to ACLP amounts to € 134
million (prior year-end: € 16 million) linked to the funding of ACLP by IQ (see “– Note 24: Net Cash”).
The fair value of these NCI puts are derived from a discounted cash flow analysis using the latest operating plan and a projection overthe lifetime of the A220 programme. In addition, a post-tax WACC of 9.58% is used to discount the forecasted cash flows, taking into
account the specificities of the programme (prior year-end: 9.58%).

26.

Litigation and Claims

The Company is involved from time to time in various governmental, legal and arbitration proceedings in the ordinary course of its
business, the most significant of which are described below. Other than as described below, the Company is not aware of any material
governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened) which may have or have
had in the recent past significant effects on Airbus SE’s or the Company’s Financial Position or profitability.
If the Company concludes that the disclosures relative to contingent liabilities can be expected to prejudice seriously its position in a
dispute with other parties, the Company limits its disclosures to the nature of the dispute.

Investigation by the UK SFO, France’s PNF, US Departments of State and Justice and Related
Commercial Litigation
The Company reached final agreements (“the agreements”) with the French Parquet National Financier (“PNF”), the UK Serious Fraud
Office (“SFO”), and the US Department of Justice (“DoJ”) resolving the authorities’ investigations into allegations of bribery and corruption,
as well as with the US Department of State (“DoS”) and the DoJ to resolve their investigations into inaccurate and misleading filings madewith the DoS pursuant to the US International Traffic in Arms Regulations (“ITAR”). The agreements were approved and made public on
31 January 2020.
Under the terms of the agreements, the Company agreed to pay penalties of € 3,597,766,766 plus interest and costs to the French, UK
and US authorities. This was recognised in the Company’s 2019 accounts. The settlements with each authority were as follows: PNF€ 2,083,137,455, the SFO € 983,974,311, the DoJ € 526,150,496 and the DoS € 9,009,008 of which € 4,504,504 may be used for approved
remedial compliance measures. All penalties have been paid.
Under the terms of the Convention judiciaire d’intérêt public (“CJIP”) with the PNF, the Company has an obligation to submit its complianceprogramme to targeted audits carried out by the Agence Française Anticorruption (“AFA”) over a period of three years.

18

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

Under the terms of the Deferred Prosecution Agreement (“DPA”) with the SFO, no independent compliance monitor will be imposed on
the Company in light of the continuing monitorship to be conducted by the AFA.
Under the terms of the DPA with the DoJ, no independent compliance monitor will be imposed on Airbus under the agreement with the
DoJ, but the Company will periodically report on its continuing compliance enhancement progress during the three year term of the DPA
and carry out further reviews as required by the DoJ.
The agreements result in the suspension of prosecution for a duration of three years whereupon the prosecutions will be extinguished if
the Company complies with their terms throughout the period.
Under the terms of the Consent Agreement with the DoS, the DoS has agreed to settle all civil violations of the ITAR outlined in the
Company’s voluntary disclosures identified in the Consent Agreement, and the Company has agreed to retain an independent export
control compliance officer, who will monitor the effectiveness of the Company’s export control systems and its compliance with the ITAR
for a duration of three years.
As a result of the Company's decision to redirect export control compliance resources to ensure compliance with export control restrictions
and international sanctions announced against Russia, Belarus and certain Russian entities and individuals following Russia's invasion of
Ukraine on 24 February 2022, the Company has asked the DoS to extend the Consent Agreement by nine months. The Company does
not expect the Consent Agreement extension to have an impact on the DPAs with the SFO and DoJ, nor on the CJIP with the PNF, noron the AFA's monitorship, as those are independent of the DoS's civil compliance programme review.
Any breach of the terms of the agreements by the Company could lead to rescission by the authorities of the terms of the agreements
and reopening of the prosecutions. Prosecution could result in the imposition of further monetary penalties or other sanctions including
additional tax liability and could have a material impact on the Financial Statements, business and operations of the Company.
In addition to any pending investigation in other jurisdictions, the factual disclosures made in the course of reaching the agreements may
result in the commencement of additional investigations in other jurisdictions. Such investigations could also result in (i) civil claims or
claims by shareholders against the Company, (ii) adverse consequences on the Company’s ability to obtain or continue financing for
current or future projects, (iii) limitations on the eligibility of group companies for certain public sector contracts, and/or (iv) damage to theCompany’s business or reputation via negative publicity adversely affecting the Company’s prospects in the commercial market place.
Airbus will continue to cooperate with the authorities in the future, pursuant to the agreements and to enhance its strong Ethics &Compliance culture within the Company.
Several consultants and other third parties have initiated commercial litigation and arbitration against the Company seeking relief. The
agreements reached with authorities may lead to additional commercial litigation and arbitration against the Company and tax liability inthe future, which could have a material impact on the Financial Statements, business and operations of the Company.

Securities Litigation
In August 2020, a putative class action lawsuit was filed in US federal court in the state of New Jersey against Airbus SE and membersof its current and former management. The Company was served with the complaint in the fourth quarter of 2021. The lawsuit was brought
on behalf of alleged shareholders that purchased or otherwise acquired Airbus SE securities in the US between 24 February 2016 and 30
July 2020, and asserts violations of US securities laws. The complaint alleges that defendants made false and misleading statements oromissions concerning, among other things, the Company’s agreements approved on 31 January 2020 with the French PNF, the UK SFO,
the US DoJ and the US DoS as well as the Company’s historic practices regarding the use of third party business partners and anticorruption compliance. The lawsuit seeks unquantified damages. On 1 April 2022 the parties filed a stipulation with the court staying thelawsuit in the US pending settlement discussions between the parties.
In addition, the Company received notification in August 2021 of two separate claims and in March 2022 of a third claim, all alleging similarfacts as the US class action. Three claims have been filed in the Netherlands purportedly on behalf of Airbus investors.
The first Dutch claim was filed in August 2021 by a special purpose vehicle incorporated under the laws of Guernsey, an assignee
purportedly representing numerous private shareholders and institutional investors, seeking a declaratory judgment with damages to beassessed in follow on proceedings. This claim is now pending before the Amsterdam District Court.
The second Dutch claim was filed in December 2021 following a demand letter sent by a foundation incorporated under the laws of theNetherlands, a purported representative of unnamed institutional and retail investors worldwide, starting a class action against theCompany before the Dutch courts. This second Dutch claim targets the Company, certain of the Company's current and former directors
and officers, and the Company's current and former auditors.
The third Dutch claim was a class action filed in April 2022 against the Company by a foundation incorporated under the laws of theNetherlands. In accordance with Dutch procedural law, the two Dutch class action claims will be treated jointly as one case.

19

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

The Dutch claims allege that the Company violated its reporting obligations by failing to adequately inform investors and providing false
or misleading information about its use of intermediaries and alleged corrupt practices, its related financial exposure, internal investigations
and subsequent measures taken by the Company, and related criminal investigations, which allegedly impacted the Company's shareprice.
The Company cannot exclude the possibility that additional claims are filed related to this subject matter attempting different theories ofrecovery in the same or different jurisdictions.
The Company believes it has solid grounds to defend itself against the allegations. The consequences of such litigation and the outcomeof the proceedings cannot be fully assessed at this stage, but any judgment or decision unfavourable to the Company could have amaterial adverse impact on the Financial Statements, business and operations of the Company.

Air France Flight 447 Trial
On 1 June 2009, an A330 operated by Air France flight AF447 from Rio de Janeiro to Paris disappeared over the Atlantic Ocean with 228
persons onboard. The wreckage was located in April 2011 after several search campaigns organised by the Bureau d'Enquêtes etd'Analyses (BEA), which published its final investigation report in July 2012. In the wake of the accident, the prosecutor in Paris opened
an investigation for involuntary manslaughter and Airbus SAS was charged in March 2011. In September 2019, the investigating
magistrates closed the investigation and dismissed all criminal charges after a thorough analysis of the technical and legal elements ofthe case. However, the Paris Court of Appeal overturned the magistrates' decision and ordered trial for involuntary manslaughter. The
Company’s appeal to the French Supreme Court has been dismissed. The trial is scheduled to take place in the fourth quarter of 2022.
The criminal trial in the Paris Criminal Court and any judgment or decision unfavourable to the Company could result in damage to its
business or reputation.

Qatar Airways Commercial Litigation
Citing surface degradation on some of its A350 fleet and alleging an underlying “design defect”, Qatar Airways filed a legal claim against
the Company in the London Commercial Court on 17 December 2021. The claim seeks (a) liquidated damages for aircraft grounded by
the Qatar Civil Aviation Authority, (b) an order that Airbus must deliver a full root cause analysis for surface degradation issues, and (c) adeclaration by the court that Airbus may not deliver any further A350 aircraft to Qatar Airways until alleged “design defects” are cured. The
Company rejects Qatar Airways' mischaracterisation of the non-structural surface degradation and the attendant grounding of the aircraft,which underpin the claim. Accordingly, the Company will defend itself vigorously in the proceedings. The consequences of such litigationand the outcome of the proceedings cannot be fully assessed at this stage, but any judgment or decision unfavourable to the Company
could have a material adverse impact on the Financial Statements, business and operations of the Company as well as its reputation.

Grand Canyon Helicopter Accident
On 10 February 2018, a fatal accident occurred in the Grand Canyon at a site called Quartermaster in Arizona involving an EC130 B4
helicopter operated by Papillon Helicopters impacting the canyon floor and catching fire, leading to five fatalities and two severely injured
persons. Following the accident, product liability claims were filed in Nevada state court in the US, including claims by the estate andparents of a deceased passenger and by the injured pilot of the helicopter. The Company intends to vigorously defend itself against theclaims, but such claims may generate negative publicity and reputational harm. Any judgment or decision unfavourable to the Company
could have a material adverse impact on the Financial Statements, business and operations of the Company as well as on its reputation.

Other Investigations
The Company is cooperating fully with the authorities in a judicial investigation in France related to Kazakhstan. In this spirit, the Company
was interviewed by the investigating magistrates and has been granted the status of “assisted witness” in the investigation.
The Company is also cooperating fully with the authorities in a judicial investigation in France related to Libya. In this spirit, the Company
has responded voluntarily to requests for information.
In 2019, the Company self-reported to German authorities potentially improper advance receipt and communication of confidential
customer information by employees of Airbus Defence and Space GmbH. The information concerned relates to future German government
procurement projects. The self-disclosure by the Company followed an internal review with the support of an external law firm. Both theGerman Ministry of Defence and the Munich public prosecutor opened an investigation into the matter. The investigation could have an
impact on Airbus Defence and Space GmbH’s and Airbus Secure Land Communications GmbH’s ability to participate in future public
procurement projects in Germany. In 2021 the Munich prosecution issued a penalty notice against Airbus Defence and Space GmbH for€ 10 million for negligent violation of supervisory duties in connection with this matter. The Company continues to fully cooperate with
relevant authorities.

20

Airbus SE
Unaudited Condensed Interim IFRS Consolidated Financial Information
for the three-month period ended 31 March 2022

27.

Number of Employees
Airbus73,95973,56031 March 2022
31 December 2021

28.

Events after the Reporting Date

There are no subsequent events after the reporting date.

21

AirbusHelicopters
19,963
20,126

Airbus Defence
and Space
33,19832,809Consolidated
Airbus127,120
126,495