The OHB Group at a glance ➤ OHB AG in Figures Annual Report 2011 ➤ Glossary The Group in EUR 000s 2011 2010 2009 2008 2007 Revenues 555,689 425,448 287,164 232,473 218,801 Total revenues 555,292 453,323 321,818 260,029 223,340 Calendar of events in 2012 EBITDA 43,101 33,688 31,659 28,736 25,903 Annual press conference and release of annual report for 2011, Bremen March 15 EBIT 27,276 22,730 20,771 18,708 17,486 Analyst conference, Frankfurt/Main March 15 EBT 19,517 15,384 18,039 16,092 18,373 3 month report/analyst conference call May 16 Net income for the period 13,523 9,642 14,860 8,998 12,478 Annual general meeting, Bremen May 16 Earnings per share (EUR) 0.78 0.55 0.96 0.61 0.84 6 month report/analyst conference call August 9 9 month report/analyst conference call November 8 Total assets 528,239 466,396 441,905 328,104 315,011 Analyst presentation at Deutsches Eigenkapitalforum, Equity 113,577 105,170 98,125 81,362 81,541 Frankfurt/Main November 12–14 Cash flow from operating activities 21,137 42,123 32,596 9,353 4,382 Equity investments 15,346 19,126 14,681 16,260 20,053 thereof capital spending 156 6,543 120 1,520 4,331 Employees on December 31 2,352 1,677 1,546 1,284 1,189 The Stock in EUR 2011 2010 2009 2008 2007 Closing price 11.40 16.60 11.20 8.00 13.59 Year high 17.45 18.34 11.35 13.92 15.45 Year low 8.25 11.50 5.85 4.82 9.65 OHB AG Market capitalization at year-end 199 million 290 million 196 million 119 million 203 million Karl-Ferdinand-Braun-Str. 8 Number of shares 17,468,096 17,468,096 17,468,096 14,928,096 14,928,096 28359 Bremen, Germany Phone: +49 (0)421 2020-8 Fax: +49 (0)421 2020-613 [email protected] Annual Report 2011 Report Annual • www.ohb.de OHB AG AG OHB The OHB Group at a glance Business units and investments Glossary OHB AG is a European space flight and technology group and one “Structure follows strategy” – in line with this principle, OHB AG The “Space Systems” business unit focuses on developing and The “Aerospace + Industrial Products” business unit is primarily of the most important independent forces in European aviation/ has reorganized its business units. The new segmentation re- executing space projects. In particular, it is responsible for develop- responsible for fabricating aviation and space products as well as aerospace. With 30 years of experience in developing and execut- flects the strategy of integrating the individual subsidiaries more ing and fabricating low-orbiting and geostationary small satellites other industrial activities. In this area, OHB has established itself ing innovative space technology systems and structures and its effectively in order to harness synergistic benefits and to pool for navigation, research, communications and earth observation as a signifi cant supplier of aerospace structures for the aviation AIS Automatic Identification System; radio-based system DARA German Agency for Space Matters (1989 – 1997) R+D Research and development NASA National Aeronautics and Space Administration; range of specific aviation/aerospace and telematics products, related areas more efficiently. The Group’s skills, strategies and including scientifi c payloads. Its manned space fl ight activities and space industry; among other things, it is the largest German for identifying the location and parameters of larger ships US space agency the OHB Group is superbly positioned to face international com- solutions are pooled in two core segments. chiefl y entail the assembly and fi tting of the International Space supplier of components for the Ariane-5 program and an estab- DBO Defined benefit obligation FOC Full operational capability; final satellite petition. Station ISS, Columbus and ATV. The exploration segment works on lished producer of critical components for aircraft engines. In ALMA Atacama Large Millimeter Array; a telescope sys- configuration for the operation of a system OEM Original equipment manufacturer studies and models for exploring our solar system, primarily the addition, OHB is an experienced vendor of mechatronic systems tem in the Andes comprising a total of 66 mobile antennas DEKRA Testing body for determining the roadworthiness Moon and Mars. In addition, effi cient reconnaissance satellites and for antennas and telescopes and is involved in several major radio each with a diameter of 12 meters of vehicles, certification services, safety checks and FSLGS French SAR-Lupe Ground Segment;configuration REACH Registration, Evaluation, Authorization of broadband wireless transmission of image data form core technol- telescope projects. OHB telematics systems serve the logistics examination of technical equipment of French Helios ground satellite to receive SAR-Lupe Chemicals; EU chemicals regulation ogies for security and reconnaissance. industry around the world by offering effi cient transport manage- AMS Alpha Magnetic Spectrometer; magnetic spectrome- reconnaissance images ment and consignment tracking facilities. ter for investigating cosmic radiation DLR Deutsches Zentrum für Luft- und Raumfahrt; RoHS Restriction of the use of certain hazardous sub- German Space Agency Galileo The Full Operational Capability phase of the stances; EU directive to limit the use of certain dangerous AQAP Allied Quality Assurance Publications; series of Galileo programme is managed and fully funded by the materials in electrical and electronic devices standards developed by NATA from the military standard EBIT Earnings before interest and taxes European Union. The Commission and ESA have signed for quality assurance systems a delegation agreement by which ESA acts as design SAR-Lupe Synthetic Aperture Radar-Lupe; system of and procurement agent on behalf of the Commission. The small satellites with a process for enhancing the quality of ARTES-7 Long-term ESA plan for developing a European EBITDA Earnings before interest, taxes, depreciation and views expressed in this Press Release can in no way be radar images communications satellite network using the latest laser amortization taken to reflect the official opinion of the European Union OHB AG communications and/or ESA.“Galileo“ is a trademark subject to OHIM SmallGEOs Small geostationary satellites for telecom- EBT Earnings before taxes application number 002742237 by EU and ESA. munications and multimedia applications ARTES-11 Long-term ESA plan for the development of a European satellite platform for communications and EDRS European Data Relay Satellite System; system GMES European initiative for the global monitoring for SRT Sardinia Radio Telescope (diameter of 64 meters) multimedia applications for implementing a data network in space using optical environment and security satellite communications Telematics A system linking telecommunications and IT ATV Automated Transfer Vehicle; unmanned space trans- IAS International Accounting Standards Space Systems Aerospace + Industrial Products porter for supply flights to the ISS EnMAP Environmental Mapping and Analysis Program; TET Technology mule; core element of the national satellite for hyperspectral terrestrial observation IATA International Air transport Association “On-Orbit Verification of New Techniques and Technolo- BMBVS OHB System AG, MT Aerospace AG, German Federal Ministry of Traffic, Construction gies” project Bremen, Augsburg, and Urban Development EpM European Physiology Modules; human-physiology IFRS International Financial Reporting Standards Germany Germany research payload for the ISS Columbus module ZARM Center of Applied Space Technology And Micro- BMVg German Federal Ministry of Defense IOT Industrial Operator Team; team for preparing the gravity at Bremen University Kayser-Threde GmbH, Aerotech Peissenberg Munich, GmbH & Co. KG, EPS Earnings per share start-up of the Columbus module for the ISS Germany Peissenberg, Germany BMWi German Federal Ministry of Economics and Technology ESA European Space Agency IOV In-orbit verification CGS S.p.A., OHB Teledata GmbH, Milan, Bremen, Italy Germany BWB German Federal Office of Defense Technology and E-SGA German acronym for Europeanization of satellite- ISS International Space Station Procurement aided reconnaissance LUXSPACE Sàrl, megatel GmbH, LEO Low earth orbit Betzdorf, Bremen, CDR Critical design review ETC European Transport Carrier; transport rack for Luxembourg Germany sensitive scientific experiments on board the European MTG Meteosat Third Generation; program to develop, Antwerp Space N.V., Telematic Solutions S.p.A., CFRP Carbon fiber-reinforced plastic Columbus module of the ISS build and launch third-generation weather satellites Antwerpen, Milan, Belgium Italy CNES Centre national d‘études spatiales; French space EU European Union NADCAP, National Aerospace and Defense Contractors OHB Sweden AB, agency Accreditation Program; certification of special aviation, Solna, ExoMars Mars exploration mission space and defense processes Sweden COLUMBUS Name of the European module of the International Space Station The OHB Group at a glance Business units and investments Glossary OHB AG is a European space flight and technology group and one “Structure follows strategy” – in line with this principle, OHB AG The “Space Systems” business unit focuses on developing and The “Aerospace + Industrial Products” business unit is primarily of the most important independent forces in European aviation/ has reorganized its business units. The new segmentation re- executing space projects. In particular, it is responsible for develop- responsible for fabricating aviation and space products as well as aerospace. With 30 years