Airbus (AIR) Guidance summary

Opening remarks and agenda

• Call convened on short notice to discuss updated 2024 guidance due to new developments in space and commercial aircraft activities, with CEO and CFO presenting operational and financial outlook.

• Forward-looking statements and Safe Harbor statement referenced; Q&A session planned after the presentation.

Guidance on key objectives

• 2024 targets: around 770 commercial aircraft deliveries, EBIT Adjusted of around €5.5 billion, and Free Cash Flow before Customer Financing of around €3.5 billion.

• Commercial aircraft delivery target for 2024 revised from around 800 to around 770 units.

• Guidance includes around €0.9 billion in charges related to space programs, to be recorded in Q2/H1 2024.

• Ramp-up to 75 A320 Family aircraft per month now expected in 2027, delayed from previous plans.

• Guidance assumes no further major disruptions to global economy, air traffic, or supply chain.

Market trends and strategic opportunities

• Strong demand for commercial aircraft persists, but supply chain constraints, especially in engines, aerostructures, and cabin equipment, limit ability to meet demand.

• Space business remains complex and competitive, with ongoing evaluation of restructuring, cooperation, portfolio review, and M&A options.

• High-tech space business faces strong competition and development risks, prompting management changes and technical reviews.