ANALYST PRESENTATION

H1 2019
October 15, 2019

14.10.2019
H1 2019 – BUSINESS SNAPSHOT

> Revenues: EUR 373.4 mill.

> EBIT: EUR 16.0 mill.
> Free Cash-Flow: EUR 12.2 mill.
> New Orders: > USD 800 mill.
> Passenger traffic growth in H1 2019
> FACC Croatia progressing as planned
> Short Fiscal Year ends in December
> Market environment under review
 WTO JUSTIFIES TARIFFS AGAINST AIRBUS
…. but FACC products not affected

 WTO acknowledged EUR subsidies to be not legal

 As a result Airbus aircraft above 30,000kg delivered into US will be taxed with 10% tariffs
 However only aircrafts are taxed, not aircraft components
 13% of Airbus backlog are US customers (thereof 88% are narrow bodies excluding A220)
 A32F – US assembled (Airbus Mobile / Alabama) aircraft not affected
 A220 – not affected due to US and Canada assembly lines
 WTO decision regarding Boeing subsidies still outstanding
Source: Credit Suisse, JP Morgan, Airbus
COLLINS AEROSPACE PARTNERSHIP CONTINUES
New contract terms for Boeing 787 translating sleeve agreed

CONTRACT PROLONGATION

 Current contract terms ending by the

end of 2021
 New contract terms starting with 2022
onwards
 No set-up costs, production fully
established at leaned out cost
 High triple digit volume secured on
two important aerospace program
(A350 XWB & B787)
NEW CONTRACT FOR A320NEO NACELLE
FACC Translating Sleeves for best selling Airplane

NEW CONTRACT
 Increased market share on the most
important aerospace program of the
industry (A32F)
 First delivery in Q4/2020
 Ramp up to full rate in 2021
 FACC innovation for one of
two offered new engine option
configuration
NEW PRODUCT FAMILY WITH RADOMS
Front End “Technology” for Bombardier BJ and A220

Airbus A220 NEW CONTRACT

 Radom’s for all Airbus A220

(Bombardier C-Series)

Bombardier Global  Bombardier Global- and Challenger

Business Jets

 Life Time Contract for both program

Bombardier Challenger  Extension of FACC’s product portfolio

and an on sales volume order
MRO BUSINESS ON TRACK
Extended Partner Network and Increasing MRO business

Business Growth as Planned

 1.000th Winglet retrofit finished and

delivered to customers
 Contract with Boeing Global Services
signed for Boeing 737 Winglet (NG &
MAX Version) spares and repairs
 Business Jet Cabin Retrofit activity
started and first Aircrafts retrofitted
 New FACC STC’s in the pipeline
replacing original products and
providing long term performance
benefits
FINANCIALS
H1 2019
FACC GROUP
Solid growth in the Engines & Nacelles and Cabin Interiors segments

Revenues Earnings before Interest and Taxes

in EUR mill. in EUR mill.

-8,6 8,8 373,4

367,4 5,7 -5,3
28,5
0,1 -7,3

16,0

Revenues H1 Aerostructures Engines & Cabin Interiors Revenues H1 EBIT H1 2018/19 Aerostructures Engines & Cabin Interiors EBIT H1 2019
2018/19 Nacelles 2019 Nacelles
AEROSTRUCTURES
Results impacted by phase out of Boeing 737NG winglet program

Revenue EBIT and EBIT-Margin

in EUR mill. in EUR mill.

- 8,1%

16,0 14,6 14,4 30,0%

102,7 14,0 13,1
25,0%
87,8 12,0
81,6 78,3 82,3 10,3
72,4 74,5 9,3 20,0%
66,5 10,0
18,6%
8,0 17,6% 15,0%
6,3
14,0%
5,7
6,0 12,8% 10,0%
11,7%
4,0 8,6%
7,7% 5,0%
2,0
0,0%
0,0
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -0,9%
Q4 Q1 Q2
-2,0 -0,7 -5,0%
2018/19 2019 2018/19 2019

EBIT EBIT-Margin
ENGINES & NACELLES
Revenue and EBIT remains on constant levels

Revenue EBIT and EBIT-Margin

in EUR mill. in EUR mill.

+5,3%
14,0 35,0%
12,2
12,0 30,0%

44,1 46,5 10,0 28,2% 25,0%

43,2 43,8 41,1 43,4
39,7 39,5 8,0 20,0%
6,0 15,0%
4,0
4,0 2,9 2,6 10,0%
1,8
2,0 9,1% 1,2 5,0%
6,6% 0,0 6,6% 4,1%
0,0 2,6% 0,0%
-2,0 Q3 Q4 Q1 Q2
0,0% Q3 Q4 Q1 Q2 -5,0%
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
-11,3%
-4,0 2018/19 2019 -10,0%
2018/19 2019
-6,0 -4,5 -15,0%

EBIT EBIT-Margin
CABIN INTERIORS
Revenue slightly increasing while margin still under pressure

Revenue EBIT and EBIT-Margin

in EUR mill. in EUR mill.

+5,4%

74,3 73,9 72,2

67,5 67,2 68,8 70,2
62,3 12,0 15,0%
9,5
10,0
10,0%
8,0 12,8%
6,0
5,0%
4,0
1,8
2,0 1,1 0,0%
2,7% 0,1 1,6%
0,1%
0,0 -0,9%
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -5,0%
-2,0 -0,6
-5,5%
2018/19 2019 -4,0 2018/19 -7,0% 2019
-3,4 -10,0%
-6,0 -4,8 -9,6%
-8,0 -6,9 -15,0%

EBIT EBIT-Margin
FREE CASHFLOW
Reduced investment demand and concentrated cash management in focus

Free cashflow – H1 2018/19 Free cashflow – H1 2019

in EUR mill. in EUR mill.

2,7 -6,0
9,9 38,4 -17,0 13,9 29,9
-14,4

28,5

-16,5
16,0

10,3 15,2 12,2

EBIT H1 Depreciation EBITDA H1 Changes in Investments Others FCF H1 EBIT H1 Depreciation EBITDA H1 Changes in Investments Others FCF H1
2018/19 & 2018/19 WC 2018/19 2018/19 & 2018/19 WC 2018/19
Amortization Amortization
BALANCE SHEET INDICATORS
Stable equity ratio and net debt impacted by IFRS16 reclassification

Equity Net debt and net debt / EBITDA ratio

in EUR mill. in EUR mill.

45,9 % 240,0 4,00

39,5 % 39,1 % 3,48
220,0 3,50

3,00
306,7 300,6 200,0 216,9
286,5 2,42
1,96 2,50
180,0
2,00
177,8
160,0
182,8 1,50
140,0
1,00

120,0 0,50

100,0 0,00
H1 2017/18 H1 2018/19 H1 2019 H1 2017/18 H1 2018/19 H1 2019

Net Debt Net Debt/EBITDA

CASHFLOW DRIVERS
Low investments and stable working capital due to constant production rates

Investments Working capital

in EUR mill. 180 in EUR mill. 60,0%

175 173,6
55,0%
16,5
170
50,0%
165 162,5 163,4
12,6
48,4%
160 45,0%

155 44,2% 43,8%

40,0%
6,0 150
35,0%
145

140 30,0%
H1 2017/18 H1 2018/19 H1 2019 2017/18 2018/19 2019

Net Working Capital NWC as percentage of revenues

OUTLOOK
Sustainable performance
FINANCIAL KEY PERFORMANCE INDICATORS…
(2020-2024)
... BASED ON  Demand driven by constant annual market growth (RPK) of 4.5 %
 OEM forecasts demand for up to 40,000 new aircraft until 2037
 Gaining market share on existing platforms and entering new markets
 Stable economic and political environment

SOUND CAPITAL
SUSTAINABLE
REVENUE GROWTH STRUCTURE DIVIDEND POLICY
EARNINGS (EBIT)
(Net Debt / EBITDA)
>5% 8 - 10 % 20 -30 %
~ 2.5x

 Outperformance of the • Sustainable efficiency • Cost control • Step by Step increase of

market gains from product and • Focus on a stable capital dividend to targets as
 Continuing renewal of customer mix structure defined
orders and gaining new • Rate development as • Impact of new IFRS • Based on distributable
contracts anticipated standards (IFRS 15 & 16) profits
• Automation & Fixed Cost
reductions
OUTLOOK 2019
 In the context of the 5th Annual General Meeting on July 9, 2019, it was decided among other things to
change the fiscal year to the calendar year. Thus, the year 2019 is a shortened fiscal year which ends on
December 31, 2019 (March 1, 2019 - December 31, 2019).
 For the current fiscal year (short financial year), management expects sales of around EUR 600 million.
and an EBIT margin of approximately 6%. This expectation corresponds to a continuation of customer
requirements for the remainder of the financial year. It should be noted here that the development
during the year is not linear due to various seasonal effects.
 It should be noted here that the development during the year is not linear due to various seasonal effects.
The further statements on the influences and measures for the sales and earnings expectation and increase
are still valid - taking into account the shortened financial year.
BEYOND HORIZONS
DISCLAIMER
 This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate',
'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-
looking statements.
 Forward-looking statements are subject to future events, risks and uncertainties - currently known or
unknown. Actual results, performance or events may therefore differ materially from those expressed or
implied in these forward-looking statements.
 Neither FACC nor any other person assumes responsibility for the accuracy or completeness of any forward-
looking statements. FACC will not update these forward-looking statements in order to reflect changes to
facts, assumptions or expectations.
 This document or statements related to it do not constitute an offer, recommendation or invitation to
purchase or sell securities of FACC.