Conference Call OHB SE Q3/Nine-month results 2020 November 12, 2020

Marco Fuchs, CEO Kurt Melching, CFO Dr. Lutz Bertling, CSDO / CDO 2 OHB Digital complements the business areas

*Aerotech Peissenberg GmbH & Co. KG (ATP) is included at equity in the consolidated financial statements. The approximately 660 employees of the ATP Group are not included here.

This slide shows an overview of the business areas, not the consolidation structure or detailed shareholding relationships 3 Third quarter 2020 Space Systems – Order intake for asteroid-deflection mission Hera

. On September 15, OHB System (prime contractor) and ESA signed a contract with a value of EUR 129 million . OHB will be lead-managing the industrial consortium and will be responsible for designing and integrating the Hera probe . Hera is part of the international AIDA (Asteroid Impact Deflection Assessment) collaboration that will combine the data obtained from NASA’s DART (Double Asteroid Redirection Test) mission and ESA’s Hera mission to produce the most accurate knowledge possible from the first demonstration of an asteroid deflection technology . The Hera probe is scheduled to launch in October 2024 4 Third quarter 2020 Space Systems – Order intake for EC programme Copernicus

OHB proposals for the Copernicus project selected by ESA

. On July 31, OHB System AG signed the prime contract with ESA for the CO2M mission (CO2 Monitoring Mission in the Copernicus program), volume: EUR 445 million plus an option for additional EUR 130 million

. OHB System and OHB Italia will also be the payload prime contractors on two further missions as subcontractors to the mission-prime Thales Alenia Space: . CHIME - Copernicus Hyperspectral Imaging Mission for the Environment (approx. EUR 255 million) . CIMR - Copernicus Imaging Microwave Radiometer (approx. EUR 178 million) 5 Space Systems: Copernicus - Earth observation

CO2M CHIME CIMR Arctic Weather Satellite (ESA-EO)

Mission Prime: OHB System Payload Prime: OHB System Payload Prime: OHB Italia Mission Prime: OHB Sweden Contract signed on Final contract negotiations are in process and OHB Sweden wins July 31 contract signings are expected soon one more ESA Earth (EUR 445 million) (CHIME EUR 255 million, CIMR EUR 178 million) Observation Mission

Expected order intake > 900 M€

5 6 Third quarter 2020 Space Systems - miscellaneous

Satellite launch / order-intake / project progress

. Luxspace’s ESAIL satellite was successfully launched on September 3 onboard a Vega launcher from Kourou

. OHB Italia and ESA signed a contract for Comet Interceptor mission study on November 5

. OHB System’s instrument for German environmental satellite EnMAP performing well in test campaign 7 Business year 2020 Aerospace - Reduced production of Ariane 6: European launcher industry in distress

MT Aerospace AG in Augsburg strongly affected

. Initial launch of Ariane 6 has been postponed to Q2/2022, meaning that series production will commence later and on a smaller scale than planned, the corona effects further worsen the situation

. ESA Council decided on October 29: Member States will be requested to support Ariane 6 programme with additional EUR 230 million

. Uncertainty about the position of Ariane 6 in the competitive commercial market: The strategic challenge for European policymakers is to redefine the business model underlying autonomous European access to space 8 Business year 2020 Aerospace – Rocket Factory Augsburg (RFA)

Start-up prepares for maiden flight in late 2022

. RFA and CNES work towards launch site implementation in Kourou

. Agreement with Andøya Space for maiden flight signed on September 28

. Agreement with Exolaunch to supply commercial launch services signed on August 19

. Engine test site in Esrange, Sweden set up on October 14 to conduct the first hot fire tests for RFA ONE staged combustion main engine later this year 9 Third quarter 2020 Digital – Order intake for new company OHB Digital Connect

OHB Digital Connect (DC) awarded contract for the regeneration of Bundeswehr ground stations

. In November, OHB DC received a contract from the German Federal Office for Equipment, Information Technology and Utilization of the German Armed Forces (BAAINBw) for the regeneration of mobile ground stations for the German Armed Forces' satellite communications system (SATCOMBw) . In order to be able to transmit video files, voice data or other data from different locations, the German Armed Forces will use relocatable ground stations of the SATCOMBw system in different variants. The mobile ground stations as well as further training and simulation facilities are now being gradually updated with system and hardware at OHB's Mainz location. 10 Business year 2020 and Order-intake – realisations & expectations in EUR million beyond

Programme / Project Budgetary authority Volume

Copernicus (Earth Observation): CO2M –BOOKED– ESA 445 Hera (Space Safety) –BOOKED– ESA 129 Copernicus (CHIME, CIMR) & Arctic Weather Satellite ESA / European Commission >=455 Galileo Second Generation (2021) ESA / European Commission >=300 Ariane / Launchers ESA >=100 Electra ESA >=75 Lunar Gateway (Science & Exploration) ESA >=60 Institutional & commercial Portfolio from various other topics >=400 customers 11 9m 2020 Development of order-backlog in EUR million

2500

2000

1500

2,300 2,400 2,400 1000 2,100 1,840 2,019 1,600 1,700 1,600

500 1,200 834 1,000 447 534 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9M/2020 12 9m 2020 The Group in brief 9M/2020 in EUR (000)

9m 2019 9m 2020 Change in %

Order backlog (September 30) 2,061,116 2,018,703 -2 Total revenues 659,283 600,374 -9 EBITDA 57,918 55,541 -4 EBIT 36,163 30,081 -16 EBT 33,046 24,291 -26 Net profit after minorities 20,030 16,718 -17 EPS (EUR) 1.15 0.96 -17 Employees (September 30) 2,909 3,006 +3 13 9m 2020 Development of financial ratios for the group

Total revenues / in EUR million EBITDA & EBIT / in EUR million 800 70 57.9 700 634 659 60 55.5 600 600 541 50 47.1 500 41.6 40 34.4 36.1 EBITDA 31.7 400 30.1 EBIT 30 300 20 200

100 10

0 0 9m 2017 9m 2018 9m 2019 9m 2020 9m 2017 9m 2018 9m 2019 9m 2020

9M/2020 EBIT margin 5.0 %, EBIT margin on own value added 8.4 % 14 9m 2020 Space Systems

Total revenues / in EUR million EBITDA & EBIT / in EUR million 600 60 533 53.7 499 493 500 50 45.4 404 40 400 34.1 31.4 EBITDA 28.6 EBIT 300 30 24.4 23.1 18.5 200 20

100 10

0 0 9m 2017 9m 2018 9m 2019 9m 2020 9m 2017 9m 2018 9m 2019 9m 2020

9M/2020 EBIT margin 6.9 %, EBIT margin on own value added 13.3 % 15 9m 2020 Aerospace

Total revenues / in EUR million EBITDA & EBIT / in EUR million 160 145 141 18 17.2 140 131 15.6 13.3 120 110 12.5 13 11.3 100 EBITDA 7.6 8 EBIT 80

60 3 2.1

40 -2 9m 2017 9m 2018 9m 2019 9m 2020 20 -3.7 0 -7 9m 2017 9m 2018 9m 2019 9m 2020 9M/2020 EBIT margin -3.4 %, EBIT margin on own value added -3.8 % 16 9m 2020 Financial Guidance 2020 During the Capital Market Day on 13 February 2020, the Management Board issued the following guidance for the 2020 financial year:

Total revenues / in EUR million EBITDA & EBIT / in EUR million 78 80 80 1200 1,100 65 1,000 1,030 59 860 60 48 49 800 44 44 40 400 20

0 0 2017 2018 2019 2020e 2017 2018 2019 2020e

Total revenues: The Management Board no longer assumes that the guidance can be achieved. Due to the changed market outlook for the Ariane 6 rocket program and delays in the supply chain caused by Covid-19, the total revenues are expected to be slightly below EUR 1 billion. However, the above-mentioned influences will only have a minor total effect on the key earnings figures EBITDA and EBIT. It is not yet possible to foresee the extent to which the actual results at the end of the year will deviate from our plans and expectations from February. For this reason, we can today neither confirm nor withdraw the guidance issued for the key figures EBITDA and EBIT for fiscal 2020. 17 9m 2020 Assets / EUR (000) 12/31/2019 09/30/2020 Change in % Non-current assets 348,625 361,011 +4 Property, plant and equipment 95,440 95,990 +1 Rights of use from leasing agreements 54,878 59,716 +9 Other intangible assets 116,309 116,096 0 Others 81,998 89,209 +12 Current assets 582,394 620,239 +6 Inventories 53,302 115,520 +117 Trade receivables 92,469 57,539 -38 Contract assets 324,228 328,169 +1 Cash and cash equivalents 85,090 102,011 +19 Others 27,305 17,000 -38 Total assets 931,019 981,250 +6 18 9m 2020 Shareholder‘s equity and liabilities/ EUR (000)

12/31/2019 09/30/2020 Change in % Equity 200,830 216,828 +8 Non-current liabilities and provisions 224,223 214,433 -3 Provisions for pensions 108,252 105,928 -2 Leasing liabilities 42,561 48,357 +14 Deferred tax liabilities 38,319 36,638 +2 Others 35,091 23,510 -33 Current liabilities 505,966 549,989 +9 Trade payables 166,651 66,692 -60 Contract liabilities 155,725 218,461 +40 Current financial liabilities 88,254 172,980 +96 Others 95,336 91,856 -4 Total liabilities 931,019 981,250 +6 19 9m 2020 Financial ratios (in EUR million)

9m 2019 3m 2020 6m 2020 9m 2020 Free Cash flow -124 -54 -64 -47 Net debt 247 192 207 194 Net debt ex pensions 148 84 101 88 CAPEX (incl. financial assets) 17 4 12 16 Own work capitalized (additions) 10 1 3 5 ROCE 13% 12% 12% 11% 20 9m 2020 Development of the ratio net debt as of the balance sheet date of the respective reporting period / in EUR million

300

247 250 207 200 192 194

148 150

101 100 84 88

50

0 9m 2019 3m 2020 6m 2020 9m 2020 Net debt Net debt ex pensions 21 9m 2020 Development of investment spending as of the balance sheet date of the respective reporting period / in EUR million

20

18 17 16 16

14 12 12 10 10

8

6 5 4 4 3 2 1

0 9m 2019 3m 2020 6m 2020 9m 2020 CAPEX Own work capitalised 22 9m 2020 Development of free cash flow / ROCE as of the balance sheet date of the respective reporting period

Free cash flow / in EUR million ROCE in %

30 20 10 18 -10 16 9m 2019 3m 2020 6m 2020 9m 2020 -30 14 -50 12 -47 10 -70 -54 -64 8 -90 6 -110 4 -130 -124 2 -150 0 3m 2020 6m 2020 9m 2020 Looking at the full year, the CF has been positive in the last 4 financial years 23 About the company Shareholder structure OHB SE // Management Board

Total issued capital – 17,468,096 shares

Free Float 5,246,380 shares; Fuchs Pool 30.03% 12,178,720 shares; 69.72%

Treasury Stock from left to right: 42,996 shares; . Dr. Lutz Bertling, CSDO / CDO 0.25% . Marco Fuchs, CEO . Klaus Hofmann, CHRO . Kurt Melching, CFO 24 Business year 2020/2021 Financial Calendar 2020/2021

November 12, 2020 Nine-month interim report 2020, conference call November 16-18, German Equity Forum 2020 (virtual) 2020 November 23, 2020 DZ Bank conference (virtual) January 7-13, 2021 Oddo BHF Forum (virtual) February 11, 2021 Capital Market Day March 17, 2021 Analyst & press conferences, annual report 2020 May 11, 2021 Three-month interim report 2021, conference call May 26, 2021 Annual General Meeting August 11, 2021 Six-month interim report 2021, conference call November 10, 2021 Six-month interim report 2021, conference call November 2021 German Equity Forum 2021