FACC (FACC) Investor Presentation summary

Business overview and strategy

• Specializes in aerospace technology and composite lightweight solutions, serving as a Tier-1 partner for major OEMs globally.

• Operates across three core segments: aerostructures, engines & nacelles, and cabin interiors, with expansion into advanced air mobility (AAM) and space markets.

• Maintains a global network with over 15 engineering and production locations and a workforce of 3,721 from 50 nations as of H1 2024.

• Strategy 2030 focuses on civil aviation, AAM, and space, targeting revenue growth in line with air traffic and an 8% EBIT margin.

• Emphasizes transformation, evolution, and diversification, with new business in AAM and MRO expected to drive future growth.

Financial performance and growth

• Achieved a 23.6% revenue increase in H1 2024 versus H1 2023, with all divisions showing significant growth.

• Operating EBIT rose by 51.2% due to higher volumes, new projects, and development orders.

• Revenue for H1 2024 reached EUR 438.3 million, with operating EBIT at EUR 22.5 million and free cash flow at EUR 7.4 million.

• Workforce expanded by 265 FTEs in H1 2024 to support ramp-up.

• Maintains a stable firm order backlog of USD 5.8 billion.

Market environment and customer base

• Benefiting from a strong recovery in global air traffic, surpassing pre-pandemic levels in Q1 2024.

• High demand for short- and medium-haul aircraft, business jets, and wide-body aircraft, with COMAC C919 ramping up.

• Airbus accounts for 51.4% of H1 2024 revenue, followed by Safran (11.1%), Embraer (9.5%), and others.

• Order backlog in commercial aviation totals 16,770 aircraft, with single-aisle types dominating future deliveries.

• Global presence at all major manufacturing locations, supporting a diversified customer portfolio.