Leonardo S p A : Results at 30 June 2021 (Presentazione)

2Q/1H2021 Results Presentation

Alessandro Profumo	Chief Executive Officer
Alessandra Genco	Chief Financial Officer

Rome, 29 July 2021

Agenda

>	Key messages	Chief Executive Officer
>	2Q/1H2021 Results	Chief Financial Officer

• Sector Results
• Appendix

2

2Q/1H2021 Results Presentation

Key messages

• Solid first half results with strong and resilient military-governmental business
• All businesses on track to deliver targets: FY21 Guidance confirmed
• Some positive signs in challenging civil aeronautics
• Strong foundations and core fundamentals giving confidence in medium-long term
• Capabilities, innovative technologies and security solutions across the Group generating growth opportunities
• Strong commitment to ESG with successful achievements

© 2020 Leonardo - Società per azioni

3

2Q/1H2021 Results Presentation

Solid first half and on track

Progressing well with our Plan: 2021 Guidance confirmed

CONTINUED STRONG

COMMERCIAL

PERFORMANCE AND

SOLID BACKLOG

PROVIDING LONG TERM

VISIBILITY

SOLID RESULTS

CONFIRMING OUR

GROWTH PATH.

TIMING OF RECOVERY STILL UNCERTAIN BUT POSITIVE SIGNS IN CIVIL

• Strong and resilient military/governmental
• Book to Bill>1

REVENUES € 6.3bn

+7.9% YOY

23% 29%

48%

HELICOPTERS AERONAUTICS DEFENCE ELECTRONICS & SECURITY

BACKLOG* € 35.8 bn

29%	13%
	26%
20%		12%
	NORTH AMERICA			REST OF EUROPE
	REST OF WORLD			UK
	ITALY

*not including Soft Backlog

EBITA € 400 mln

+37.0% YOY

• Strengthened performance as volumes are increased and COVID impact is reduced

ORDERS € 6.7 bn

+9.5% YOY

19% 29%

52%

HELICOPTERS AERONAUTICS DEFENCE ELECTRONICS & SECURITY

ROS 6.3%

+1.3 p.p.

• Higher profitability across the Group besides Aerostructures

• FOCF at - € 1.4 bn, on track to achieve FY2021 guidance
• Strong liquidity and financial flexibility
• Net Debt 2021 guidance confirmed at €3.2bn

© 2020 Leonardo - Società per azioni

4

2Q/1H2021 Results Presentation

Strong confidence in medium long term potential of our main businesses

Helicopters						Electronics
					•	Strong order book
• Strong military/governmental and resilient
					• Long-term trusted relationships with
	civil business
		Helicopter				customers globally
• Attractive Customer Support & Training
	business		CS&T			• Well positioned on key international
		11%				programmes (i.e. EFA, Tempest, JSF,
• Solid backlog and leading product portfolio
						EuroMALE)
•	Continue to invest to build the future (i.e.
					• Attractive long term opportunities across
	Kopter acquisition, AW609, Hero, AW169)	Helicopter
						avionics, land and naval programmes
		platforms					• Range of new programmes in development
		18%	Helicopters*			Electronics	providing fuel for growth
					EU
			29%
						31%
			1H21		Electronics
Aircraft	Aerostructures	Revenues	Defence &
€6.3bn	Security*
•	Structurally strong business	5%	Aeronautics*	Leonardo DRS
48%
• Well positioned on key international		23%				• Strong backlog (Unfunded of $11bn)
	programmes (i.e. EFA, Tempest, JSF,
						•	Top line growth confirmed, well
	EuroMALE)
							positioned towards US DoD key
• Programme excellence in training with continued
						priorities
	investments supporting growth
	Aircraft					• Margin expansion driven by
•	Best in class profitability
18%				Leonardo		programmes moving from
							development to production
						DRS
Aerostructures					17%

• Proactively addressing challenges in civil aeronautics
• Prospects of market recovery in Narrow Body and Regional

*Excluding other activities and elimination	5