18 February 2021

Guillaume FAURY | Chief Executive Officer
Dominik ASAM
| Chief Financial Officer

Safe Harbour Statement
DISCLAIMER
This presentation includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify
these forward-looking statements. Examples of forward-looking statements include statements made about strategy, ramp-up and delivery schedules, introduction of new products and services andmarket expectations, as well as statements regarding future performance and outlook. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events andcircumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include but are not limited to: Changes in general economic, political or market conditions, including the cyclical nature of some of Airbus’ businesses;
 Significant disruptions in air travel (including as a result of the spread of disease or terrorist attacks);
 Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar;
 The successful execution of internal performance plans, including cost reduction and productivity efforts;
 Product performance risks, as well as programme development and management risks; Customer, supplier and subcontractor performance or contract negotiations, including financing issues;
 Competition and consolidation in the aerospace and defence industry; Significant collective bargaining labour disputes;
 The outcome of political and legal processes, including the availability of government financing for certain programmes and the size of defence and space procurement budgets; Research and development costs in connection with new products;
 Legal, financial and governmental risks related to international transactions; Legal and investigatory proceedings and other economic, political and technological risks and uncertainties;
 The full impact of the COVID-19 pandemic and the resulting health and economic crisis.

As a result, Airbus’ actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
For more information about the impact of the COVID-19 pandemic, see note 2 "Impact of the COVID-19 pandemic" of the Notes to the Airbus SE Unaudited Condensed IFRS Consolidated Financial
Statements published 18 February 2021. For more information about factors that could cause future results to differ from such forward-looking statements, see Airbus SE's annual reports, including its
Universal Registration Document and the most recent Risk Factors.
Any forward-looking statement contained in this presentation speaks as of the date of this presentation. Airbus undertakes no obligation to publicly revise or update any forward-looking statements inlight of new information, future events or otherwise.

Rounding disclaimer:
Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Company
Highlights

Business
Highlights

Guidance
Highlights

Appendix

FY 2020 Key Topics

 566 commercial aircraft delivered in adverse market environment
 Financials reflect the early business adaptation and cash containment plan FY EBIT Adjusted of € 1.7 bn; EBIT reported of € - 0.5 bn
 FY FCF before M&A and Customer Financing of € - 6.9 bn
 Q4 FCF before M&A and Customer Financing of € 4.9 bn
 Net Cash position at € 4.3 bn by year-end
 EPS reported of € - 1.45; No dividend proposed for 2020
 2021 Guidance issued

4

FY 2020 Commercial Positioning

5

Airbus Commercial Aircraft

Consolidated Airbus

Consolidated Airbus

Order Book in units by Programme

Order Book in value by Region

External Revenue by Division

7,184 units

A220

7%

Asia Pacific29%

Airbus

67%

A320

82%

Europe30%

Helicopters

12%

A330

4%

€ 373 bn

North America

21%€ 49.9 bn

21%

A350

7%

t/o defence€ 39 bn

Middle East

9%

t/o defence€ 10.5 bn

Defence and
Space

A380

< 1%

Latin America

5%

Other

6%

 AIRBUS: Gross orders: 383 a/c; net orders: 268 a/c; Backlog: 7,184 a/c
 HELICOPTERS: 268 net orders incl. 31 NH90 for the German Bundeswehr and 11 H160
 DEFENCE AND SPACE: Net book to bill of ~1.1; order intake € 11.9 bn incl. a contract signed in Q4 to deliver 38 new Eurofighter to the German Air ForceFY 2020 Financial Performance
Revenues

6

EBIT Adjusted

in € bnin € bn / RoS (%)

9.9%

6.9

70.5
49.9

3.4%

1.7
FY 2019

FY 2019

FY 2020

FY 2020

EPS(1) Adjusted

FCF before M&A and Customer Financing

in €in € bn

FY 2019

FY 2020

3.5
6.07
(3.3)
1.36
FY 2019(3.6)

FY 2020(6.9)(1) FY 2020 Average number of shares: 783,178,191 compared to 777,039,858 in FY 2019
Capitalised R&D: € 101 m in FY 2020 and € 133 m in FY 2019

Penalty
Payment

FY 2020 Profitability

7

EBIT Performance FY 2020 EBIT Reported of € - 510 m

in € bn

 FY 2020 EBIT Adjustments resulting from: € - 1,202 m
6.9

 €  € 1.7

 € -

1.3

(0.5)
EBIT Adjusted
FY 2019

385 m
480 m
149 m

Restructuring provision
A380 programme cost
PDP mismatch / BS revaluation
Others FY 2020 Net Adjustments of € - 2,216 m

EBIT Reported
FY 2020

 FY 2020 Net Loss of € - 1,133 m

EPS(1) Performancein € FY 2020 Net Income Adjusted of € 1,065 m
6.07
1.36
(1.75)EPS Adjusted
FY 2019(1) FY 2020 Average number of shares: 783,178,191 compared to 777,039,858 in FY 2019
Capitalised R&D: € 101 m in FY 2020 and € 133 m in FY 2019(1.45)EPS Reported
FY 2020

Currency Hedge Policy

8

Forward Sales as of Dec. 2020

IN $ BILLION

Forward Sales and Collars as of Dec. 2019

17.1

16.6

15.2
12.4

Average hedge rates€ vs $
Forwards/Collars (2)£ vs $

2020

2021

2022

10.5

2023

2024

8.2

8.9

9.2

2025

2026

2027

1.19

1.21

1.23

1.26

1.26

1.28

1.31

1.32

( 1.20 in Dec. 19 )( 1.23 in Dec. 19 )( 1.23 in Dec. 19 )( 1.24 in Dec. 19 )( 1.27 in Dec. 19 )( 1.28 in Dec. 19 )( 1.27 in Dec. 19 )( n/a in Dec 19)

1.34

1.37

1.37

1.42

n/a

n/a

n/a

n/a

Mark-to-market value incl. in AOCI = € + 0.5 bn
Closing rate @ 1.23 € vs. $ In 2020, $ 17.1 bn(1) of hedges matured at an average rate of € 1 = $ 1.19
 $ 4.5 bn(1) of new Forwards were added
 Hedge portfolio(1) 31 December 2020 at $ 81.0 bn (vs. $ 97.1 bn in December 2019), at an average rate of $ 1.26(2) after $ 3.5 bn of hedges disqualified in 2020
Approximately 60% of Airbus US$ revenues are naturally hedged by US$ procurement. Graph shows US$ Forward Sales and Collars
Hedge rates reflect EBIT impact of the US$ hedge portfolio(1) Total hedge amount contains $/€ and $/£ designated hedges; (2) Blended Forwards and Collars rate includes Collars at least favourable rate, no more Collars as of 31 March 2020 and thereafterFY 2020 Cash Evolution9IN € BILLION

+3.1

-3.6

-4.6

-1.7

12.5

-0.6
-0.9
Free Cash Flow before M&A: € - 6.8 bn
t/o Customer Financing € 0.1 bn

4.3

Free Cash Flow before M&A andCustomer Financing € - 6.9 bn

Net Cash Position
December 2019

Gross Cash Flowfrom Operations

Penalties
DPA(1) DPA: “Deferred Prosecution Agreement”(2) Thereof CapEx of € - 1.8 bn(3) M&A transactions include acquisitions and disposals of subsidiaries and businesses(1)

Change in
Working Capital
excluding Penalties

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

M&A (3)Pensions & Others

Net Cash Position
December 2020

Liquidity as of 31 December 2020

10

SLL:

€ 6.2 bn Signed March 31st with 9 banks,

undrawn

Supplemental Liquidity Line (SLL)€ 6.0 bn
Credit Facility (RSCF)

 Maturity: 12 months from signingday + 2 extension options of 6months at Airbus’ discretion
 Term-out amounts of € 5.5 bn frombond issuances, € 3.0 bn fromincremental amount of the new
RSCF and € 0.3 bn from USPP
issuances

RSCF:
 Maturity October 2023 + 2

extension options of 1 year,
undrawn Fully committed by 33 banks
 No financial covenants, no MAC
clauseFinancing Liabilities:€ 21.4 bn
Total Gross Cash

€ 17.1 bnof which long-term : € 14.1 bn

Financing Liabilities$ 3.3 bn 144A/RegS & USPP
(nominal amounts)

Invested inhighly rated securities

 Includes € 9.0 bn EMTN and

Credit Ratings:
Short-term rating: S & P:
A-1
 Moody’s:
P-1€ 4.3 bn
Net CashLong-term rating: S & P:A negative
 Moody’s:
A2 negativeCompany
Highlights

Business
Highlights

Guidance
Highlights

Appendix12IN € MILLION

FY 2019

Deliveries by Programme (Units)(1)

Change268768-65.1%

A220

7%

7,184

7,482

-4.0%

A320

79%

16,08965,769-75.5%

A330

3%

324,675

424,082-23.4%

A350

10%

566

863

-34.4%

A380

1%

Revenues

34,25054,775-37.5%

R&D Expenses

Platforms

93%

Services

7%

Order Intake (net)

FY 2020

Units

Order Book
Order Intake (net)

Value

Order Book
Deliveries

Units

Restated

2,436

2,816

in % of Revenues

7.1%

5.1%

EBIT Adjusted

618

5,947

in % of Revenues

1.8%

10.9%

(1,330)

1,794

-3.9%

3.3%

EBIT
in % of Revenues-13.5%-89.6%N/A Deliveries: 566 aircraft incl. 38 A220, 446 A320 Family, 19 A330, 59 A350 and 4 A380
 Revenues mainly reflect lower deliveries
 EBIT Adjusted mainly reflects lower deliveries, lower cost efficiency and COVID-19 related charges

Capitalised R&D: € 23 m in FY 2020 and € 81 m in FY 2019(1) 2019 financial figures restated to reflect the adoption of a new segment reporting structure for “Transversal” activities

External Revenue Split

HelicoptersIN € MILLION13

FY 2020

FY 2019

Change268

310-13.5%

663

695

-4.6%

5,519

7,179

-23.1%

15,782

16,627

-5.1%

300

332

-9.6%

6,251

6,007

4.1%

R&D Expenses

273

291

in % of Revenues

4.4%

4.8%

EBIT Adjusted

471

422

in % of Revenues

7.5%

7.0%

EBIT

455

414

in % of Revenues

7.3%

6.9%

Order Intake (net)

Units

Order Book
Order Intake (net)

Value

Order Book
Deliveries
Revenues

Units

Civil

41%

Defence59%

Platforms

57%

Services

43%

-6.2%
11.6%
9.9%

 Revenues reflect favourable product mix and growth in Services
 EBIT Adjusted reflects strong governmental-related activities, reliable programme execution and lower R&D

Capitalised R&D: € 7 m in FY 2020 and € 16 m in FY 2019

External Revenue Split

Defence and Space14

IN € MILLION

FY 2020

FY 2019

ChangeOrder Intake (net)11,862

8,520

39.2%

Order Book

33,50532,263

3.9%

Revenues

10,446

10,907-4.2%

R&D Expenses

225

302

in % of Revenues

2.2%

2.8%

EBIT Adjusted

660

565

in % of Revenues

6.3%

5.2%

EBIT

408

(881)

in % of Revenues

3.9%

-8.1%

Services

32%

N/A

 EBIT Adjusted mainly reflects costs containment and lower R&D, partly offset by the impact of COVID-19,

Capitalised R&D: € 71 m in FY 2020 and € 36 m in FY 2019

68%

16.8%

Systems

 A400M: 9 a/c delivered in FY 2020

Platforms-25.5%

 Revenues mainly reflect lower volume as well as the impact of COVID-19 on business phasing, mainly in Space

including on the launcher business

External Revenue Split

Military Aircraft

56%

Space Systems

24%

Connected Intelligence& Others

20%Company
Highlights

Business
Highlights

Guidance
Highlights

Appendix2021 Guidance

As the basis for its 2021 guidance, the Company assumes:
 no further disruptions to the world economy, air traffic, the Company’s internal operations, and its ability to deliver products and services.

The Company’s 2021 guidance is before M&A.

On that basis, the Company targets to at least achieve in 2021:
Same number of commercial aircraft deliveries as in 2020;

EBIT Adjusted of € 2 billion;Breakeven Free Cash Flow before M&A and Customer Financing.

No dividend proposed for 2020.

16

Key Priorities Manage deliveries and backlog, including defence contracts
 Finalise the implementation of the restructuring plan Prepare the industrial ecosystem for when the market recovers
 Transformation of commercial aircraft industrial value chain Lead the development of sustainable aerospace Focus on earnings and cash growth trajectory beyond 2021

17

Company
Highlights

Divisional
Highlights

Guidance

AppendixDividend per Share

19

IN €

1.65

42%
(1)

FY 2018

(2)

0.00

0.00

FY 2019

FY 2020

Pay-out-Ratio (3)(1) FY 2019: dividend proposal of € 1.80 per share revoked following the COVID-19 outbreak(2) FY 2020: no dividend proposed for 2020(3) 2019 EPS Reported € -1.75 and 2020 EPS Reported € -1.45, pay-out ratio not applicableExpected Average Hedge Rates € vs. $20

Active exposure management

1.34

Average
Hedge Rates

1.32

FY 2019

1.24

FY 2020

1.19

FY 2021E

1.21

1.29
1.25
1.23

1.24

1.24
1.21
1.21

1.20

1.19

1.20

(2)

1.19

1.19
1.15

1.17

1.14
Q1

Q2

2019

(1) Q4 actual(2) Based on $ 4.1 bn hedges matured with associated EBIT impact

Q3

2020

Q4

2021E

(1)

FY 2020 Detailed Income Statement and Adjustments

21

thereof Adjustments
Impact on EBITIN € MILLION

FY 2020
Reported

Operational

FX

AirbusDefenceand Space(1)Helicopters

Airbus + Defence
and Space(2)(1,436)

(284)

(16)

(480)

Financial
ResultFY 2020
Adjusted

EBIT

(510)

in % of Revenues

-1.0%

3.4%

Interest income

140

140

Interest expense

(411)

(411)

Other Financial Result

(349)

(324)

(25)

Financial Result

(620)

(324)

(296)

(324)

1,410

(1,130)

Income (Loss) before taxes(1,436)

(284)

(480)

36

(1,133)

1,065

783,178,191

783,178,191(1.45)

1.36

Net Income (Loss)

EPS (in €)Net Income (Loss) Adjusted excludes the following items:
 Adjustments impacting the EBIT line (as reported in the EBIT Adjusted) The Other Financial Result, except for the unwinding of discounted provisions

The tax effect on Adjusted Loss before taxes is calculated at 27%. The effective tax rate on Loss before taxes is -3%.

(1) Thereof € - 63 m A400M programme update(2) Thereof € - 512 m Airbus, € + 32 m Defence and Space

(16)

36

Non-controlling interests

Number of shares

1,706

FY 2019 Detailed Income Statement and Adjustments

22

thereof Adjustments
Impact on EBITIN € MILLION

FY 2019
Reported

Operational

FX

Airbus(1)Defenceand Space(2)Helicopters

Airbus + Defence
and Space(3)(4,014)(1,415)

(8)

(170)

Financial
ResultFY 2019
Adjusted

EBIT

1,339

in % of Revenues

1.9%

9.9%

Interest income

228

228

Interest expense

(339)

(339)

Other Financial Result

(164)

(118)

(46)

Financial Result

(275)

(118)

(157)

Income (Loss) before taxes

1,064

(118)

6,789

(4,014)(1,415)(8)(37)(1,362)

4,715

777,039,858

777,039,858(1.75)

6.07

Net Income (Loss)

EPS (in €)Net Income (Loss) Adjusted excludes the following items:
 Adjustments impacting the EBIT line (as reported in the EBIT Adjusted) The Other Financial Result, except for the unwinding of discounted provisions

The tax effect on Adjusted Income before taxes is calculated at 30%. The effective tax rate on Income before taxes is 225%.

(1) Thereof € -3,598 m penalties(2) Thereof € -1,212 m A400M charge, € -221 m Saudi Germany prolonged export ban(3) Thereof € -139 m Airbus, € -31 m Defence and Space

(170)

(37)

Non-controlling interests

Number of shares

6,946

Q4 2020 Key FiguresIN € MILLION

23

Q4 2020

Q4 2019

Revenues

19,751

24,310EBIT Adjusted

1,831

2,813

EBIT

1,675

(2,092)Net Income (Loss)

1,553(3,548)

FCF before M&A

4,945

8,469

FCF before M&A and Customer Financing

4,863

8,446

IN € MILLION
Q4 2020

Q4 2019(1)

Restated

Revenues

Q4 2020

Q4 2019(1)

Restated

EBIT Adjusted

Q4 2019

Q4 2020(1)

Restated
EBIT

Airbus13,97919,203

1,259

2,354

1,069

(1,371)

Helicopters

2,628

2,295

233

217

217

211

Defence and Space

3,510

3,201

394

210

444

(964)

Eliminations

(366)

(389)

(55)

32

(55)

32

19,751

24,310

1,831

2,813

1,675

(2,092)

Consolidated Airbus(1) 2019 financial figures restated to reflect the adoption of a new segment reporting structure for “Transversal” activities

Detailed Free Cash FlowIN € MILLION24

FY 2020

FY 2019

12,534

13,281-(1,352)

3,061

3,391

(8,197)

2,176(2,226)(2,092)(1,759)(2,340)Free Cash Flow (5)(7,362)

3,475

of which M&A

(551)

(92)

Free Cash Flow before M&A(6,811)

3,567

of which Customer Financing

124

58

(6,935)

3,509

Change in capital and non-controlling interests

89

194

Change in treasury shares / share buyback

(4)

(31)

Change in liability for puttable instruments

91

319

(314)

(1,752)0(1,280)

(722)

(320)

4,312

12,534

Net Cash position at the beginning of the period
First time impact of IFRS 16
Gross Cash Flow from Operations(1)Change in working capital(2)

Cash used for investing activities(3)of which Industrial CapEx (additions)(4)Free Cash Flow before M&A and Customer Financing

Contribution to plan assets of pension schemes
Cash distribution to shareholders / non-controlling interests
OthersNet Cash position at the end of the period(1) Excluding working capital change, contribution to plan assets of pension schemes and realised FX results on treasury swaps(2) Including net customer financing and excluding some perimeter change impacts from changes in consolidation(3) Excluding change in securities and change in cash from changes in consolidation and excluding bank activities(4) Excluding leased and financial assets(5) Excluding change in securities, change in cash from changes in consolidation, contribution to plan assets, realised FX results on treasury swaps and bank activities

Net Cash PositionIN € MILLION

25

Dec. 2020

Dec. 2019

21,407

22,682(17,095)(10,148)

Short-term Financing Liabilities(3,013)(1,959)Long-term Financing Liabilities(14,082)(8,189)

Reported Net Cash (Debt)

4,312

12,534

Airbus non-recourse debt

7

24

4,319

12,558Gross Cash
Financing Liabilities

Net Cash (Debt) excl. non-recourseCustomer Financing ExposureIN € MILLION

26

Dec. 2020

Dec. 2019

AirbusClosing rate € 1 =Dec. 2020

Dec. 2019

Helicopters$ 1.23$ 1.12$ 1.23$ 1.12

427

731

46

48

of which off-balance sheet

11

95

2

9

Estimated value of collateral

(241)

(530)

(38)

(30)

Net Exposure

186

202

8

18

Provision and asset impairment

(186)

(202)

(8)

(18)

0

0

0

0

Total Gross Exposure

Net Exposure after provisionAirbus Customer Financing

27

IN € BILLION

Airbus Customer
Financing Gross
Exposure

0.8

AdditionsSell Down

0.8

0.6

0.6

0.4

0.3

Amortization
1.0

0.5

0.8

Net change
0.9

0.7

0.6

0.1

(0.2)

(0.3)
(0.2)
(0.1)

(1.1)
(2.2)

(0.1)

(0.7)

(0.7)

(0.2)

(0.1)

(0.1)

(0.1)

(0.7)

(0.7)

(0.1)

(0.2)

(0.6)

(0.5)

(0.1)

(0.2)

(0.7)

(0.1)

(0.6)

0.2

0.0

(0.2)
(0.1)

(0.3)
(0.1)

(0.2)

(0.2)

Gross Exposurein $ bn

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

1.8

1.5

1.5

1.8

1.7

1.4

1.5

1.6

1.3

1.5

1.7

1.5

0.9

0.8

0.5

Net Exposure fully provisioned

Net Exposure fully provisioned

Net Exposure€ 0.2 bn
Gross
Exposure
Estimated
Collateral€ 0.7 bn($ 0.8 bn)€ 0.5 bn($ 0.6 bn)

Net Exposure

Gross
Exposure€ 0.4 bn($ 0.5 bn)€ 0.2 bn
Estimated
Collateral€ 0.2 bn($ 0.3 bn)

31 December 201931 December 2020€/$ = 1.12€/$ = 1.23

Balance Sheet Highlights: Assets
IN € MILLION

28

Dec. 2020

Dec. 2019Non-current Assets

51,69557,686of which Intangible & Goodwill

16,19916,591of which Property, plant & equipment

16,674

17,294of which Investments & other long-term financial assets

5,433

6,079

48

91

of which Positive hedge mark-to-market

3,451

996

of which Non-current securities

5,350

11,066

Current Assets

58,40056,723of which Inventory

30,401

31,550of which Contract assets

1,074

1,167

of which Cash and cash equivalents

14,4399,314

of which Current securities

1,618

2,302

973

444

0

0

110,095

114,409

1.23

1.12

of which Contract assetsof which Positive hedge mark-to-market
Assets of disposal groups classified as held for sale
Total Assets
Closing rate € vs. $Balance Sheet Highlights: Liabilities29

IN € MILLION

Dec. 2020

Dec. 2019

Total Equity

6,456

5,990

of which AOCI (Accumulated Other Comprehensive Income)

1,853

(523)

11

15

Total Non-current liabilities

53,86846,045of which Pensions

9,515

7,932

of which Other provisions

4,483

4,610

of which Financing liabilities

14,0828,189

of which European Governments’ refundable advances

3,712

3,725

of which Contract liabilities

19,212

16,980of which Negative hedge mark-to-market

1,834

2,434

Total Current liabilities

49,77162,374467

421

of which Other provisions

6,078

5,951

of which Financing liabilities

3,013

1,959

200

552

of which Contract liabilities

24,67526,426of which Trade liabilities

8,722

14,808

983

1,560

0

0

110,095

114,409of which Non-controlling interestsof which Pensionsof which European Governments’ refundable advancesof which Negative hedge mark-to-market
Liabilities of disposal groups classified as held for sale
Total Liabilities and Equity

Shareholding Structure at 31 December 2020

Free Float

30

73.9%

Shareholder Agreement 26.0%

 784,149,270 shares issued at 31 December 2020

SOGEPA

10.9%

GZBV

10.9%

SEPI

4.1%

Treasury Shares

0.1%

Quarterly Revenues Breakdown (Cumulative)IN € MILLION

31

Q1
2020

H1
2019
(1)

Restated

2020

9m
2019
(1)

Restated

2020

FY
2019
(1)

Restated

2020

2019
Restated(1)Airbus

7,569

9,697

12,53324,043

20,27135,572

34,25054,775

Helicopters

1,202

1,007

2,333

2,371

3,623

3,712

6,251

6,007

Defence and Space

2,111

2,112

4,551

5,015

6,936

7,706

10,446

10,907

Eliminations

(251)

(267)

(469)

(563)

(669)

(822)

(1,035)(1,211)

10,631

12,54918,94830,86630,161

46,16849,91270,478

Consolidated Airbus(1) 2019 financial figures restated to reflect the adoption of a new segment reporting structure for “Transversal” activities

Quarterly EBIT Adjusted Breakdown (Cumulative)IN € MILLION

32

Q1

H1
2019

2020

(1)

Restated

9m
2019

2020

(1)

Restated

FY
2019

2020

(1)

Restated

2019

2020

Restated(1)Airbus191

463(1,307)

2,193

(641)

3,593

618

5,947

Helicopters

53

15

152

125

238

205

471

422

Defence and Space

15

101

186

233

266

355

660

565

Eliminations

22

(30)

24

(22)

12

(20)

(43)

12

Consolidated Airbus

281

549

(945)

2,529

(125)

4,133

1,706

6,946

(1) 2019 financial figures restated to reflect the adoption of a new segment reporting structure for “Transversal” activities

Quarterly EBIT Breakdown (Cumulative)IN € MILLION

33

Q1

H1
2019

2020

(1)

Restated

9m
2019

2020

(1)

Restated

FY
2019

2020

(1)

Restated

2019

2020

Restated(1)Airbus57

319(1,808)2,006(2,399)3,165(1,330)1,794

Helicopters

53

9

152

124

238

203

455

414

(53)

(117)

73

(15)

(36)

83

408

(881)

Eliminations

22

(30)

24

(22)

12

(20)

(43)

12

Consolidated Airbus

79

181

(1,559)2,093(2,185)

3,431

(510)

1,339

Defence and Space(1) 2019 financial figures restated to reflect the adoption of a new segment reporting structure for “Transversal” activities

FY 2020 IFRS vs. APM Cash Flow ReconciliationIN € BILLION

Dec. 202034

IN € BILLION

Dec. 2020

Cash provided by (used for) operating activities(5.4)

Cash provided by (used for) operating activities(5.4)

t/o Reimbursement from / contribution to plan assets(0.3)

Cash provided by (used for) investing activities

4.1

t/o Treasury swaps

0.1

t/o Net proceeds (payment)

6.3

(8.2)

Others0.2

3.1

Free Cash Flow

(7.4)

t/o M&A transactions(0.6)

Free Cash Flow before M&A(6.8)

t/o Customer Financing

0.1

FCF before M&A and Customer Financing(6.9)

t/o Change in other operating assets and liabilities
Gross Cash Flow from Operations(1)(1) Impact from the penalties included. Excluding the penalties, change in other operating assets and liabilities amounts to € - 4.6 bn

Glossary on Alternative Performance Measures (APM)
This presentation also contains certain “non-GAAP financial measures”, i.e. financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable
measure calculated and presented in accordance with IFRS. For example, Airbus makes use of the non-GAAP measures “EBIT Adjusted”, “EPS Adjusted” and “Free Cash Flow”.
Airbus uses these non-GAAP financial measures to assess its consolidated financial and operating performance and believes they are helpful in identifying trends in its performance. These measuresenhance management’s ability to make decisions with respect to resource allocation and whether Airbus is meeting established financial goals.
Non-GAAP financial measures have certain limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of Airbus’ results as reported under IFRS. Because of
these limitations, they should not be considered substitutes for the relevant IFRS measures.
 EBIT: Airbus continues to use the term EBIT (Earnings before interest and taxes). It is identical to Profit before finance cost and income taxes as defined by IFRS Rules.
 Adjustment is an alternative performance measure used by Airbus which includes material charges or profits caused by movements in provisions related to programmes, restructuring or foreignexchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.
 EBIT Adjusted: Airbus uses an alternative performance measure, EBIT Adjusted as a key indicator capturing the underlying business margin by excluding material charges or profits caused by
movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.
 EPS Adjusted is an alternative performance measure of a basic EPS as reported whereby the net income as the numerator does include Adjustments. For reconciliation see slide “Detailed Income
Statement and Adjustments”.
 Gross cash position: Airbus defines its consolidated gross cash position as the sum of (i) cash and cash equivalents and (ii) securities (all as recorded in the consolidated statement of financial
position).
 Net cash position: Airbus defines its consolidated net cash position as the sum of (i) cash and cash equivalents and (ii) securities, minus (iii) financing liabilities (all as recorded in the consolidated
statement of financial position) as defined in the Universal Registration Document, MD&A section 2.1.6.
 Gross cash flow from operations: Gross cash flow from operations is an alternative performance measure and an indicator used by Airbus to measure its operating cash performance beforechanges in other operating assets and liabilities (working capital). It is defined in the Universal Registration Document, MD&A section 2.1.6 as cash provided by operating activities, excluding (i)changes in other operating assets and liabilities (working capital), (ii) contribution to plan assets of pension schemes and (iii) realised foreign exchange results on treasury swaps.
 Changes in working capital: it is identical to changes in other operating assets and liabilities as defined by IFRS Rules. It is comprised of inventories, trade receivables, other assets and prepaid
expenses netted against trade liabilities, other liabilities (including customer advances), deferred income and customer financing.
 FCF: For the definition of the alternative performance measure free cash flow, see Universal Registration Document, MD&A section 2.1.6.1. It is a key indicator which allows the Company to measure
the amount of cash flow generated from operations after cash used in investing activities.
 FCF before M&A refers to FCF as defined in the Universal Registration Document, MD&A section 2.1.6.1. adjusted for net proceeds from disposals and acquisitions. It is an alternative performancemeasure and indicator that is important in order to measure FCF excluding those cash flows from the acquisition and disposal of businesses.
 FCF before M&A and Customer Financing refers to free cash flow before mergers and acquisitions adjusted for cash flow related to aircraft financing activities. It is an alternative performancemeasure and indicator that may be used occasionally by the Company in its financial guidance, especially when there is higher uncertainty around customer financing activities.