AIRBUS - 2019 Registration Document

REGISTRATION DOCUMENT 2018

Management’s Discussion and Analysis of Financial Condition and Results of Operations  /   2.1 Operating and Financial Review

2.1.4.1 Revenues The following table presents a breakdown of the Company’s revenues by business segment for the past three years and the Unaudited Condensed Interim IFRS Consolidated Financial Information for the three months ended 31 March 2019 and the three months ended 31 March 2018:

2

Three-month period ended 31 March 2019 (unaudited)

Three-month period ended 31 March 2018 (unaudited)

Year ended 31 December 2017 as restated

Year ended 31 December 2017 as reported

Year ended 31 December 2016 as reported

Year ended 31 December 2018

(In € million)

Airbus

9,697 1,007 2,112

7,222

47,970 5,934 11,063 64,967 (1,260) 63,707

43,486

50,958

49,237

Airbus Helicopters

961

6,335

6,450

6,652

Airbus Defence and Space Subtotal segmental revenue

2,217

10,596 60,417 (1,395) 59,022

10,804 68,212 (1,445) 66,767

11,854 67,743 (1,162) 66,581

12,816

10,400

Transversal / Eliminations

(267)

(281)

Total

12,549

10,119

For the first three months 2019, revenue increased by 24% to € +12.5 billion (first three months 2018: € 10,119 million), mainly reflecting the higher commercial aircraft deliveries as the production ramp-up continued. For 2018, revenues increased by 7.9%, from €59.0 billion for 2017 (restated) to €63.7 billion for 2018, reflecting record commercial aircraft deliveries at Airbus, and supported by Space Systems

and Military Aircraft activities at Airbus Defence and Space, partly offset by the perimeter change in Airbus Helicopters. For 2017 (as reported), revenues were stable at €66.8 billion, a 0.3% increase from €66.6 billion in 2016, as higher aircraft deliveries at Airbus were offset by the portfolio reshaping in Airbus Defence and Space and in Airbus Helicopters resulting in reduction of revenues of around €2 billion.

Airbus The following table presents a breakdown of deliveries of commercial aircraft by product type:

Three-month period ended 31 March 2019 (unaudited)

Three-month period ended 31 March 2018 (unaudited)

Year ended 31 December 2018

Year ended 31 December 2017

Year ended 31 December 2016

(In units)

A220

8

-

20

-

-

A320 Family

126

95

626

558

545

A330

5

8

49 93 12

67 78 15

66 49 28

A350 XWB

22

17

A380

1

1

Total

162

121

800

718

688

including 93 A350 XWBs and 20 A220s supported by solid operational performance. For 2017 (as reported), Airbus’ revenues increased by 3.5%, from €49.2 billion for 2016 to €51.0 billion for 2017. This was due to record deliveries of 718 aircraft (compared to 688 deliveries in 2016) including 78 A350 XWBs and a favourable foreign exchange impact.

Airbus’ revenues increased by 34.3%, from € 7.2 billion for the first three months 2018 to € 9.7 billion for the first three months 2019. The increase was mainly driven by higher aircraft deliveries. Airbus’ revenues increased by 10.3%, from € 43.5 billion for 2017 (restated) to €48.0 billion for 2018. This was due to record deliveries of 800 aircraft (compared to 718 deliveries in 2017)

Airbus Helicopters The following table presents a breakdown of deliveries of helicopters by product type:

Three-month period ended 31 March 2019 (unaudited)

Three-month period ended 31 March 2018 (unaudited)

Year ended 31 December 2018

Year ended 31 December 2017

Year ended 31 December 2016

(In units)

Light

23 20

23 20

156 137

166 178

177 165

Medium

Heavy

2 2 1

6 5 3

54 36

48 40 17

57 38 19

thereof NH90

Tiger

9

Total

46

52

356

409

418

83

Airbus / Registration Document 2018