Innovative solutions from Frequentis set standards. Communication Frequentis experts take the lead in and information many standardisation bodies such solutions as NG911, EENA, and EUROCAE. for a safer world MEMBER OF JOINT UNDERTAKING ICAO A nnual R Annual Report AeroSpace and Defence Industries epo Association of Europe r t 2018 2018 Innovative solutions from Frequentis set standards. Communication Frequentis experts take the lead in and information many standardisation bodies such solutions as NG911, EENA, and EUROCAE. for a safer world MEMBER OF JOINT UNDERTAKING ICAO A nnual R Annual Report AeroSpace and Defence Industries epo Association of Europe r t 2018 2018 Key figures 2018 at a glance Publishing details: 2018 2017 2016 Total operating performance in EUR thousand 293,884 274,545 252,214 EBIT in EUR thousand 15,603 14,321 12,425 Editor: EBIT margin in % 5.3 5.2 4.9 FREQUENTIS AG Total operating performance EBIT in EUR thousand Order intake Equity in EUR thousand 85,634 90,095 81,047 in EUR thousand in EUR thousand Concept & Wording: Equity ratio in % 43.3 46.3 44.1 Frequentis Corporate Communications Net cash position in EUR thousand 55,386 70,029 59,475 Graphic Design: 120 12,275 23,054 Free cash flow in EUR thousand cdc | brandcreation Employees (FTE as of reporting date) 1,843 1,741 1,637 Photos / Illustrations: Average no. of employees (FTE) 1,763 1,697 1,606 Alamy Stock Foto, Carniel, Philipp Simonis, cdc, Eurocontrol, Fotolia, Frequentis AG Archiv, Order intake in EUR thousand 306,259 287,767 259,545 Frequentis Comsoft, Image Industry / Erich Hussmann, istockphoto.com, Maike Sophie Rindler/ Increase order intake in % 6.4 10.9 18.4 293,884 15,603 306,259 Joanneum Research, Michael Matejka / Nürnberger Nachrichten, Shutterstock. Increase total operating performance in % 7.0 8.9 10.7 Printer: Increase EBIT in % 9.0 15.3 -1.0 Donau Forum Druck, 1230 Vienna The information contained in this publication is for general information purposes only. The technical specifications and requirements are correct at the time of publication. Frequentis accepts no liability for any error or omission. Typing and printing errors reserved. +7.0 % +9.0 % +6.4% The information in this publication may not be used without the express written permission of the copyright holder. Total operating performance in EUR thousand EBIT in EUR thousand Minimal arithmetical differences may arise from the application of commercial rounding to individual items and percentages. 2018 2018 Equity ratio Free cash flow in EUR thousand Average no. of employees (FTE) The English translation of the Frequentis Annual Report is for convenience. 2017 2017 Only the German text is binding. 2016 2016 50,000 100,000 150,000 200,000 250,000 300,000 3,000 6,000 9,000 12,000 15,000 © Frequentis AG 2019 Order intake in EUR thousand 43.3% 120 1,763 2018 2017 2016 50,000 100,000 150,000 200,000 250,000 300,000 Frequentis AG Headquarters Innovationsstraße 1, 1100 Vienna, Austria Tel: +43 1 81150 0* www.frequentis.com 00_COR_GB_E_0419 Key figures 2018 at a glance Publishing details: 2018 2017 2016 Total operating performance in EUR thousand 293,884 274,545 252,214 EBIT in EUR thousand 15,603 14,321 12,425 Editor: EBIT margin in % 5.3 5.2 4.9 FREQUENTIS AG Total operating performance EBIT in EUR thousand Order intake Equity in EUR thousand 85,634 90,095 81,047 in EUR thousand in EUR thousand Concept & Wording: Equity ratio in % 43.3 46.3 44.1 Frequentis Corporate Communications Net cash position in EUR thousand 55,386 70,029 59,475 Graphic Design: 120 12,275 23,054 Free cash flow in EUR thousand cdc | brandcreation Employees (FTE as of reporting date) 1,843 1,741 1,637 Photos / Illustrations: Average no. of employees (FTE) 1,763 1,697 1,606 Alamy Stock Foto, Carniel, Philipp Simonis, cdc, Eurocontrol, Fotolia, Frequentis AG Archiv, Order intake in EUR thousand 306,259 287,767 259,545 Frequentis Comsoft, Image Industry / Erich Hussmann, istockphoto.com, Maike Sophie Rindler/ Increase order intake in % 6.4 10.9 18.4 293,884 15,603 306,259 Joanneum Research, Michael Matejka / Nürnberger Nachrichten, Shutterstock. Increase total operating performance in % 7.0 8.9 10.7 Printer: Increase EBIT in % 9.0 15.3 -1.0 Donau Forum Druck, 1230 Vienna The information contained in this publication is for general information purposes only. The technical specifications and requirements are correct at the time of publication. Frequentis accepts no liability for any error or omission. Typing and printing errors reserved. +7.0 % +9.0 % +6.4% The information in this publication may not be used without the express written permission of the copyright holder. Total operating performance in EUR thousand EBIT in EUR thousand Minimal arithmetical differences may arise from the application of commercial rounding to individual items and percentages. 2018 2018 Equity ratio Free cash flow in EUR thousand Average no. of employees (FTE) The English translation of the Frequentis Annual Report is for convenience. 2017 2017 Only the German text is binding. 2016 2016 50,000 100,000 150,000 200,000 250,000 300,000 3,000 6,000 9,000 12,000 15,000 © Frequentis AG 2019 Order intake in EUR thousand 43.3% 120 1,763 2018 2017 2016 50,000 100,000 150,000 200,000 250,000 300,000 Frequentis AG Headquarters Innovationsstraße 1, 1100 Vienna, Austria Tel: +43 1 81150 0* www.frequentis.com 00_COR_GB_E_0419 Key figures 2018 at a glance ContentsPublishing details: 2018 2017 2016 Total operating performance in EUR thousand 293,884 274,545 252,214 EBIT in EUR thousand 15,603 14,321 12,425 Editor: EBIT margin in % 5.3 5.2 4.9 The CompanyFREQUENTIS AG Total operating performance EBIT in EUR thousand Order intake Equity in EUR thousand 85,634 90,095 81,047 in EUR thousand in EUR thousand Concept & Wording: Equity ratio in % 43.3 46.3 44.1 Frequentis Corporate Communications Net cash position in EUR thousand 55,386 70,029 59,475 Group profile 4 Graphic Design: 120 12,275 23,054 Free cash flow in EUR thousand Highlightscdc 2018| brandcreation 6 Employees (FTE as of reporting date) 1,843 1,741 1,637 Photos / Illustrations: Average no. of employees (FTE) 1,763 1,697 1,606 Preface by the Chairman of the Executive Board 8 Alamy Stock Foto, Carniel, Philipp Simonis, cdc, Eurocontrol, Fotolia, Frequentis AG Archiv, Order intake in EUR thousand 306,259 287,767 259,545 ExecutiveFrequentis Board and Comsoft, Supervisory Image IndustryBoard / Erich Hussmann, istockphoto.com, Maike Sophie 11Rindler/ Increase order intake in % 6.4 10.9 18.4 293,884 15,603 306,259 Joanneum Research, Michael Matejka / Nürnberger Nachrichten, Shutterstock. Report of the Supervisory Board 12 Increase total operating performance in % 7.0 8.9 10.7 Printer: Increase EBIT in % 9.0 15.3 -1.0 SustainabilityDonau Forum& corporate Druck, social 1230 Vienna responsibility 13 Group ManagementThe information Report contained 2018 in this publication is for general information purposes only. The23 technical specifications and requirements are correct at the time of publication. Frequentis accepts no liability Consolidatedfor any Financialerror or omission. Statements Typing and printing errors reserved. 66 +7.0 % +9.0 % +6.4% The information in this publication may not be used without the express written permission of the Glossarycopyright holder. 128 Total operating performance in EUR thousand EBIT in EUR thousand Minimal arithmetical differences may arise from the application of commercial rounding to individual Publishingitems details and percentages. 132 2018 2018 Equity ratio Free cash flow in EUR thousand Average no. of employees (FTE) The English translation of the Frequentis Annual Report is for convenience. 2017 2017 Only the German text is binding. 2016 2016 50,000 100,000 150,000 200,000 250,000 300,000 3,000 6,000 9,000 12,000 15,000 © Frequentis AG 2019 Order intake in EUR thousand 43.3% 120 1,763 2018 2017 2016 50,000 100,000 150,000 200,000 250,000 300,000 Frequentis AG Headquarters Innovationsstraße 1, 1100 Vienna, Austria Tel: +43 1 81150 0* www.frequentis.com 00_COR_GB_E_0419 4 Group profile Frequentis AG Annual Report 2018 Group profile Over 70 years of innovation for a safer world. Wherever Frequentis systems are used, people bear responsibility for the safety of other people and goods. Frequentis is an international provider of communication and information systems for control centres for safety-critical tasks. Custom-tailored control centre solutions are developed and marketed by Frequentis´ Air Traffic Management segment (for civil and military air traffic control, AIM, air defence) and Public Safety & Transport segment (for police forces, fire brigades, emergency medical services, shipping, and railways). As a recognised specialist, Frequentis designs future-oriented solutions for command and control centres in collaboration with key account customers and makes new technologies usable for safety- critical applications. Using a human-centric design process, integrated systems are created to provide safer and more stable working environments for end-users in control centres, such as air traffic controllers, operators, and dispatchers. Frequentis rethinks control centres. Frequentis develops and optimises systems for customers in safety-critical areas of the global mega-markets for transport and safety infrastructure – wherever high-performance, efficient, and flexible solutions are required. Increasing mobility, digitalisation, and rising safety and security requirements are driving long-term growth. Modern technologies are used to optimise control centres for traffic and public safety. Frequentis solutions are already used by air traffic controllers, dispatchers, and operators at more than 25,000 working positions.