Eurocopter in the US. North America Investor Forum 2010 New York, 18 th March Marc Paganini CEO, American Eurocopter

Transcription

1 Eurocopter in the US North America Investor Forum 2010 New York, 18 th March 2010 Marc Paganini CEO, American Eurocopter

2 Safe Harbour Statement 2 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 and market expectations, as well as statements regarding future performance and outlook. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include but are not limited to: Changes in general economic, political or market conditions, including the cyclical nature of some of EADS businesses; Significant disruptions in air travel (including as a result of terrorist attacks); Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; The successful execution of internal performance plans, including cost reduction and productivity efforts; Product performance risks, as well as programme development and management risks; Customer, supplier and subcontractor performance or contract negotiations, including financing issues; Competition and consolidation in the aerospace and defence industry; Significant collective bargaining labour disputes; The outcome of political and legal processes, including the availability of government financing for certain programmes and the size of defence and 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. As a result, EADS actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements. For a discussion of factors that could cause future results to differ from such forward-looking statements, see EADS Registration Document dated 22nd April Any forward-looking statement contained in this presentation speaks as of the date of this presentation. EADS undertakes no obligation to publicly revise or update any forward-looking statements in light of new information, future events or otherwise.

3 Contents 3 Group Highlights Financial Highlights Divisional Performance Guidance

4 Eurocopter 2009 Results: Growth Despite Market Conditions Turnover: Eurocopter Group ($ Billion*) 2009 Turnover: American Eurocopter ($ Million) *2009 exchange rate = 1:$1.39 Firm backlog as of 12/31/09 = Bn (1,303 aircraft)

5 2009 Civil Helicopter Market Share: Maintaining our Market Leadership Eurocopter Global Market Share (Units) 2009 American Eurocopter Market Share (Units) 1.1% 2.6% 0.4% 3.5% 6.5% 14.8% 17.6% 53.5% Eurocopter AgustaWestland Bell Sikorsky MDHI Mil/Kamov 1% 7% 6% 26% 7% 53% Eurocopter AgustaWestland Bell Sikorsky MDHI Enstrom HAL Other American Eurocopter: U.S. market leader since 2001

6 2009 Military Helicopter Market Share: Meeting the Needs of Our Customers Eurocopter Global Military Market Share (Units) 2009 American Eurocopter DoD Market Share (Units) 3% 2% 2% 14% 30% 21% 10% 11% 6% Eurocopter Boeing Bell AgustaWestland Sikorsky Russian Heli Other RoW 20% 11% 12% 18% 13% 9% 3% 6% 9% UH-72 OH-58D H-1 V-22 H-47 AH-64D UH-60A-L Japanese UH-60M HAL MH-60R/S Over 70% of Eurocopter s backlog stems from governmental programs with low cancellation risks

7 2009 Helicopter Market Conditions (Benefit of Broad Market Presence) 7

8 The UH-72A Lakota Program: On Track, On Cost, On Time 8 45 UH-72s delivered in 2009: on time, on quality, on cost 5 H-72s delivered to U.S. Navy First PL UH-72A delivered 100 th aircraft delivered March 4th 2010 Orders for 54 UH-72s received in 2010 Orders to date = 187 aircraft (Navy/Army) Total under contract = $1.2 Bn Multiple follow-on efforts underway S&S Battalion variant under development AAS pre-bid effort on-going FMS sales in work ARNG training requirements being assessed Proving Ourselves as a Trusted Supplier to the DoD

9 Future U.S. DoD Rotorcraft Opportunities 9 AAS CVLSP JFTL JMR 345+ aircraft $2 Bn Up to 512 aircraft $5 Bn Up to 93 aircraft $7 Bn ~200 aircraft $15 Bn ~2,000 aircraft $35 Bn UH-72: The First Step Along a Long-term Strategic Path

10 2010 Business Forecast: Encouraging Outlook on Military Market 10 Still subject to global economic recovery actions (no termination on military market) Support from military renewal projects for international missions (NATO/UN) Good prospects for Military and Homeland Security projects High military backlog which secures the mid-term deliveries Key programs now entering series production (incl. Tiger & NH90) Dependent on State Budgetary Constraints

11 American Eurocopter: Outlook & Business Strategy 11 U.S. civil helicopter market outlook: Flat in 2010, recovery from 2011 ALE, O&G and EMS markets remain active Tour & VIP markets slowly re-emerging American Eurocopter benefitting from strong backlog, supported by UH-72 production Setting our Flight Plan for the next decade Continued civil market leadership A rotorcraft supplier of choice to the DoD Setting new standards of service & safety Eurocopter: one new development every year Next generation Eurocopter products developed for U.S. operators by U.S. engineers and built in the U.S. Harnessing the Can Do! Attitude of Our Employees