European Aeronautic Defence and Space Company EADS N.V. / Key word(s): Quarter Results 14.05.2013 07:00 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc release, 14 May 2013 EADS Reports Improved First Quarter (Q1) Results 2013 - Revenues increase 9 percent to EUR 12.4 billion - EBIT* before one-off rises 56 percent to EUR 741 million - Net Income rises 91 percent to EUR 241 million - Full Year 2013 Guidance Reaffirmed EADS (stock exchange symbol: EAD) achieved a solid start to 2013, with first quarter revenues and profitability driven by commercial aircraft deliveries. Despite the overall market environment, defence revenues remained stable thanks to the Group's mix of series and development programmes and long-term contracts. Order intake(5) rose sharply to EUR 49.9 billion while the order book had reached EUR 614.3 billion at the end of the first quarter. The reported EBIT* amounted to EUR 596 million with a Net Cash position of EUR 9.2 billion at the end of March 2013. 'The quarter was an eventful one for EADS, with shareholders approving the new governance structure while the share buyback programme is progressing and the free-float has risen significantly,' said EADS CEO Tom Enders. 'On the operational side, we had a rather good start into 2013 with improved revenues and profitability. Management continues to focus on improving the bottom line performance in 2013 and beyond.' During the quarter, EADS' revenues increased 9 percent to EUR 12.4 billion (Q1 2012: EUR 11.4 billion), mainly reflecting the higher aircraft deliveries at Airbus Commercial. Revenues at Astrium and Cassidian were broadly stable compared to a year earlier. The Group's defence revenues totalled EUR 2.3 billion. EBIT* before one-off - an indicator capturing the underlying business margin by excluding material non-recurring charges or profits caused by movements in provisions related to programmes and restructurings or foreign exchange impacts - increased to EUR 741 million (Q1 2012: EUR 475 milliona) for EADS and to EUR 601 million for Airbus (Q1 2012: EUR 314 milliona). This was driven by the strong underlying performance at Airbus Commercial. The Group EBIT* before one-off margin improved to 6.0 percent. EADS' reported EBIT* increased to EUR 596 million (Q1 2012: EUR 333 milliona) and included total one-off charges of EUR 145 million at Airbus. As anticipated, EUR 14 million of this were booked for the A380 wing rib feet repair. In addition, a negative dollar mismatch and balance sheet revaluation of EUR 131 million is reflected in the Q1 2013 one-off charges. The finance result amounted to EUR -251 million (Q1 2012: EUR -143 million). The deviation compared to Q1 2012 mainly reflects a negative foreign exchange revaluation. Net Income increased significantly to EUR 241 million (Q1 2012: EUR 126 milliona), or earnings per share of EUR 0.29 (earnings per share Q1 2012: EUR 0.15a). Due to favourable phasing at Airbus Commercial, including IAS 38 capitalisation on the A350 XWB, Self-financed Research & Development (R&D) expenses declined to EUR 624 million (Q1 2012: EUR 726 million). Free Cash Flow before acquisitions amounted to EUR -3,195 million (Q1 2012: EUR -1,233 million). This trend reflects the ramp-up in working capital at Airbus and Eurocopter and the seasonality of the Group's governmental business. Capital expenditure increased to EUR 670 million to support development programmes. EADS finished the quarter with a Net Cash position of EUR 9.2 billion (year-end 2012: EUR 12.3 billion). EADS' order intake(5) rose sharply to EUR 49.9 billion (Q1 2012: EUR 12.0 billion), driven by significant orders for Airbus Commercial. Despite the challenging market environment, the Group continued to book orders from defence and public customers, although at a lower level than last year. By the end of March 2013, the order book(5) had risen to EUR 614.3 billion (year-end 2012: EUR 566.5 billion), supporting the Group's future growth. The defence order book amounted to EUR 49.9 billion (year-end 2012: EUR 49.6 billion). As of 31 March 2013, EADS had 142,142 employees (year-end 2012: 140,405). Outlook Based on the Q1 results, EADS reaffirms its guidance for the full year 2013. As the basis for its 2013 guidance, EADS expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruption due to the current sovereign debt crisis. In 2013, gross commercial aircraft orders should be above the number of deliveries, in the range of 700 aircraft. Airbus deliveries should continue to grow to between 600 and 610 commercial aircraft. Due to lower A380 deliveries and assuming an exchange rate of EUR 1 = $ 1.35, EADS revenues should see moderate growth in 2013. By stretching the 2012 underlying margin improvement, in 2013 EADS targets an EBIT* before one-off of EUR 3.5 billion and an EPS* before one-off of around EUR 2.50 (FY 2012: EUR 2.24), prior to the on-going share buyback. Excluding the known wing rib feet A380 impact in 2013 of around EUR 85 million based on 25 deliveries, going forward, from today's point-of-view, the 'one-offs' should be limited to potential charges on the A350 XWB programme and foreign exchange effects linked to PDP mismatch and balance sheet revaluation. The A350 XWB programme remains challenging. Any schedule change could lead to an increasingly higher impact on provisions. EADS aims to be Free Cash Flow breakeven after customer financing and before acquisitions in 2013. * EADS uses EBIT pre-goodwill impairment and exceptionals as a key indicator of its economic performance. The term 'exceptionals' refers to such items as depreciation expenses of fair value adjustments relating to the EADS merger, the Airbus Combination and the formation of MBDA, as well as impairment charges thereon. a. Certain first quarter 2012 and year-end 2012 figures have been restated to reflect the change to pension accounting under IAS 19 while Airbus' figures also reflect the inclusion of ATR and Sogerma within Airbus Commercial. ATR and Sogerma were formerly included in Other Businesses. EADS is a global leader in aerospace, defence and related services. In 2012, the Group - comprising Airbus, Astrium, Cassidian and Eurocopter - generated revenues of EUR 56.5 billion and employed a workforce of over 140,000. Contacts: Martin Agüera +49 175 227 4369 Rod Stone +33 630 521 993 Matthieu Duvelleroy +33 629 431 564 Gregor v. Kursell +49 89 607 34255 EADS - First Quarter (Q1) Results 2013 (Amounts in euro)

EADS Group                            Q1 2013     Q1 2012     Change
Revenues, in millions                  12,387      11,404        +9%
thereof defence, in millions            2,315       2,293        +1%
EBITDA (1), in millions                 1,029        766a       +34%
EBIT (2), in millions                     596        333a       +79%
Research & Development expenses,          624         726       -14%
in millions
Net Income (3), in millions               241        126a       +91%
Earnings Per Share (EPS) (3)             0.29       0.15a    +0.14 EUR
Free Cash Flow (FCF), in millions     - 3,195     - 1,238         -
Free Cash Flow                        - 3,195     - 1,233         -
before Acquisitions, in millions
Free Cash Flow                        - 3,122     - 1,303         -
before Customer Financing, in millions
Order Intake (5), in millions          49,904      12,004      +316%
 

EADS Group                             31 Mar      31 Dec       Change
                                         2013        2012
Order Book (5), in millions            614,291     566,493        +8%
thereof defence, in millions            49,902      49,570        +1%
Net Cash position, in millions           9,213      12,292       -25%
Employees                              142,142     140,405        +1%
 

by Division                  Revenues                   EBIT (2)
(Amounts in millions   Q1 2013 Q1 2012 Change Q1 2013 Q1 2012  Change
of Euro)
Airbus Division (6)     9,181  8,019a   +14%     456    172a   +165%
Airbus Commercial       8,822  7,609a   +16%     463    135a   +243%
Airbus Military           615     425   +45%      15      11    +36%
Eurocopter              1,038   1,199   -13%      20     64a    -69%
Astrium                 1,369   1,325    +3%      66      65     +2%
Cassidian                 941     925    +2%       7      5a    +40%
Headquarters /          - 220  - 261a      -      51     29a      -
Consolidation    
Other Businesses           78    197a   -60%     - 4    - 2a      -
Total                  12,387  11,404    +9%     596    333a    +79%
 

by Division               Order Intake (5)           Order Book (5)
(Amounts in millions       Q1     Q1  Change   31 Mar     31 Dec  Change
of Euro)                  2013   2012            2013      2012   
Airbus Division (6)      47,337 7,938a +496%   574,527   525,482a   +9%
Airbus Commercial        46,826 7,591a +517%   554,221   505,333a  +10%
Airbus Military             540    372  +45%    21,130     21,139   -0%
Eurocopter                  804  1,248  -36%    12,708     12,942   -2%
Astrium                     817  1,163  -30%    12,061     12,734   -5%
Cassidian                 1,066  1,806  -41%    15,532     15,611   -1%
Headquarters              - 195  - 202a    -   - 1,043     - 770a     -
/ Consolidation 
Other Businesses             75    51a  +47%       506       494a   +2%
Total                    49,904 12,004 +316%   614,291    566,493   +8%
 

14.05.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: European Aeronautic Defence and Space Company EADS N.V. P.O. Box 32008 2303 DA Leiden Netherlands Phone: 00 800 00 02 2002 Fax: +49 (0)89 607 - 26481 E-mail: [email protected] Internet: www.eads.com ISIN: NL0000235190 WKN: 938914 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------