INVESTOR PRESENTATION

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Presentation transcript:

INVESTOR PRESENTATION 05 // 2017

FACC AG – at a glance 4 plants & 5 engineering 100% focus on lightweight 4 plants & 5 engineering centers in Austria & Abroad EUR 710 mill. of revenues Global network 3,400 employees worldwide TIER 1 partner to the leading aerospace OEM‘s Page 2

FACC activities are focused… …on a defined product portfolio from the product idea to customer tailored solutions AEROSTRUCTURES ENGINES & NACELLES INTERIORS

Program portfolio (1) .. we supply products for all modern aircraft models in a single source environment CIVIL AEROSPACE

BUSINESS JETS & HELICOPTER Program portfolio (2) .. Interior-, Aerostructures- and Engine application for Business Jet’s BUSINESS JETS & HELICOPTER Challenger 350 Learjet 40/45 Global 5000 Global 7000/8000 Legacy 450/500 Lineage 1000E Phenom 100/300 Gulfstream G350/ 450/550/650 Cessna Citation Cessna Mustang Falcon 900 Falcon 2000 Falcon 7X Hawker 800 EC135/EC145

From Austria to the world Global engineering and production footprint to meet customers’ needs worldwide FACC Montreal (Canada) FACC AG (Austria) FACC Slovakia (Slovakia) BTC (China) Fesher (China) Manufacturing/Engineering Engineering International supply chain partners FACC Germany (Germany) FACC India (India) FACC Wichita (US) Mubadala (Abu Dhabi) TAML (India) ACM (Malaysia)

Business Development & Strategy Financials & Outlook FACC Company Overview The Aerospace Market Business Development & Strategy Financials & Outlook 1 2 3 4

The Aerospace Market – Overview Strong ramp up of the AIRBUS A350 program with a factor of 3,5 Narrow Body Airplanes continue with ramp up’s performing as scheduled 7-8 year firm order backlog at our customer and therefore at FACC Book to bill ratio around 1 for both AIRBUS and BOEING Business Jet order intake temporary below last years volume

Forecast 2035 // Aerospace market International Air Transport Association (IATA) – October 2016 Source: http://www.iata.org/whatwedo/Documents/economics/Presentations/WPS-BP-Dubai-Oct-2016.pdf

The Aerospace Market – Overview …. FACC is well positioned in the market with its customer contracts but also with its main-shareholder AVIC > 5% YoY market growth confirmed FACC benefits from market growth - long term contracts with A350, A320 Neo, B787 are ramping up. Markets with most growing demand are part of our global network (India, Abu Dhabi, China) 400 new airports are under construction worldwide China by itself is setting up 98 new airports

Lightweight Application Road Map A swift change in composite application helps to improve aircraft efficiency. Composite demand is growing faster then passenger growth. Past Today Mainly Secondary Structure Fairings, Flight Control Surfaces & Interior Limited application on primary structure Primary structures made of composite Technology step up mainly driven by automated composite production Material & Process not significantly changed

Growing composite demand in airplanes Changes in air travel and airline demands triggers development of more efficient products From a 3% composite content on a 1970’s built B737’s to more than 50% composite content on last technology airplanes like A350 or B787 The A350 & B787 are step changing the Industry High degree of automated production Significant content of primary structure made out of composite

MRO business & design services MRO activities to enhance our product & service portfolio Significant fleet growth until 2035 Steadily increasing composite material share on new aircrafts requires different approach to aircraft maintenance and overhaul High demand on cost-efficient repair designs, cabin upgrades, refurbishments and conversions requested from Airlines FACC benefits rom its original part manufacturing know how can offer faster turn around time with quality and performance. FACC CURRENT PROJECTS A320 Cabin Retrofit for 110 Aircraft A330 Cabin Conversion & Winglet A320 Classic Cabin with Bigger Doors – 2.000 AC market Retrofit campaigns with OEMs and operators Test witnessing on various projects

FACC Innovation with 240 Patents … over 350 experienced Aerospace engineers work on innovation. 12 R&D engineers are assigned on next generation technology development. Morphing Surfaces FACC drives the development of morphing structures technology, parts that are adopting to the mission profile. I 4.0 / Thermography Inspection A revolutionary inspection system from FACC. FACC is the only Boeing qualified company “worldwide” for use of thermography in series production. Next generation Composite Production With FACC’s patented membrane-assisted resin infusion (MARI) process, composites can be manufactured 50% faster. On top of that, it helps save 5-10% in weight. Material & Process Engineering We are engaged with one OEM to develop composite material and process allowing the economical mass production (>100.000 p.a.) of composites parts. First application is used for a light weight aerospace seats.

Business Development & Strategy Financials & Outlook FACC Company Overview The Aerospace Market Business Development & Strategy Financials & Outlook 1 2 3 4

Current Situation and Solutions FACC is well positioned to fulfill its stakeholder commitments for growth, profitability, financial strength and stability. We approach improvements in three phases. Phase … …Leading to 18 Month Short Term Stabilized Business Secure commitment to Stakeholders Stabilize performance & EBIT Positive Cash Flow Shareholder value commitment 3 Year Mid Term Commitment to execute Vision 2020 EUR 1 Billion Sales Profitable & step change in EBIT Extend global footprint 2020+ Long Term Develop company above 1 Billion Enhance position as Tier 1 Partner Global acting technology leader

Deliveries, Milestones & Order Book Ramp up of new programs as planned Program development milestones executed as planned AIRBUS A350-1000 deliveries AIRBUS A330neo deliveries Embraer E2 first part qualification COMAC C919 certification milestones 500th shipsets of BOEING B787 product delivered to customers Order book 2016/17 shows EUR 700 mill. revenue Innovation and technology milestones

Business Development & Strategy Financials & Outlook FACC Company Overview The Aerospace Market Business Development & Strategy Financials & Outlook 1 2 3 4

Preliminary results 2016/17 Continuous growth and earnings improvement SALES EBIT 1) NET DEBT/EBITDA 1) EUR mill. 1) EBIT and EBITDA for the business year 2015/16 are exluding on off costs in connection with the FAKE PRESIDENT INCIDENT of EUR 41,9 mill.

Preliminary results 2016/17 Continuous growth and earnings improvement Quarterly earnings development 2015/16 – 2016/17 EUR mill.

Executive Summary Air traffic will double in size up to 2034 an require 32.000 new airplane FACC is well positioned in the Aerospace market Producing for all major OEM platforms New product portfolio with up to 20 years contract terms Global network established and footprint in growing regions 150 million EUR organic growth lined up based on today’s market forecast A350 production output increasing B787 demand increasing in steps between 20% and 40% Narrow Body production output (A320 & B737) increases by 50% Production ramp for C-Series ongoing Technology Innovation lined up for next generation airplanes Execution of performance measures ongoing

IR-Information Share Information IR Contact Shareholder Structure ISIN AT00000FACC2 Official Market Vienna Stock Exchange / prime-market Ticker Symbol FACC Reuters FACC.VI Bloomberg FACC AV Shares Outstanding 45,790,000 Market Capitalisation ~ 270 EUR mill. Manuel Taverne Director Investor Relations   Phone: +43/59/616-2819 Mobile: +43/664/80119 2819 e-mail: m.taverne@facc.com­ Shareholder Structure