OHB SE

Quarterly Report • Nov 9, 2023

2023 9-months interim report

OHB SE IN FIGURES

The Group

OHB SE 9-months interim report 2023

2

in EUR 000	Q3/2023	Q3/2022	9M/2023	9M/2022
Revenues	274,812	240,200	718,558	664,467
Total revenues	280,397	251,677	737,016	694,496
EBITDA	19,989	25,206	64,103	68,042
EBIT	10,924	15,920	36,885	41,359
EBT	7,595	16,108	27,227	40,036
Share of OHB SE shareholders in net profit for the year	5,305	10,807	18,999	26,098
Earnings per share (EUR)	0.30	0.62	1.09	1.50
Total assets at September 30	1,107,593	1,073,820	1,107,593	1,073,820
Equity at September 30	301,160	287,525	301,160	287,525
Cash flow from operating activities	–10,663	9,207	–116,412	–114,894
Order backlog at September 30	1,741,574	1,859,267	1,741,574	1,859,267
Employees at September 30	3,217	3,077	3,217	3,077

in EUR 000	9M/2023	6M/2023	9M/2022	6M/2022
Free Cashflow	–128,215	–112,309	–129,273	–136,785
Net debt including pension provisions	327,450	306,743	287,419	292,390
Net debt excluding pension provisions	256,668	235,368	207,326	211,312
CapEx	13,427	7,721	13,845	11,493
Own work capitalized (additions)	8,240	3,238	6,051	3,548
Return on Capital Employed (ROCE) in %	7	7	10	10

Title: Cloud phase image of Storm Agnes, taken by the MTG-I1 satellite. It enables meteorologists to see the composition of the clouds: from liquid water droplets (yellow or purple, depending on the size of the droplets) to ice crystals (shades of blue). The different shades of blue indicate the size of the ice particles in or on the cloud cover, which indicates the severity of the storm.

Further image from the MTG-I1 satellite showing the differences in cloud temperatures. This is particularly useful for observing and forecasting storms and severe weather, as it clearly shows the different cloud tops, which can provide information on the dynamics of the storm. In addition, OHB System has developed, among other things, a new type of instrument called IRS (Infrared Sounder) as part of the MTG program which will help to predict extreme weather phenomena at an early stage in particular. The launch of the first satellite equipped with the instrument is planned for next year.

LETTER TO THE SHAREHOLDERS

DEAR READERS,

Last quarter, the investment firm KKR launched its voluntary public takeover offer for all outstanding shares in OHB SE, which was announced in connection with the publication of our half-year figures on August 7. The acceptance period ended only a few days ago. KKR as well as the Supervisory Board and we as the Management Board of OHB SE are pleased with the high acceptance rate of the takeover offer by OHB shareholders. It supports our intended delisting from the stock exchange. Together, we now look forward to continuing OHB's growth path in order to focus on our long-term goal of becoming the leading provider of space solutions for institutional and commercial customers in Europe.

In the SPACE SYSTEMS segment, the past quarter was characterized by a series of completed project milestones. The mating, i.e. the integration of the respective platform and payload, was successfully carried out in several major projects. In addition, we made a strategic investment in Berlin Space Technologies GmbH, through which we are strengthening our industrial network.

In our AEROSPACE segment, there were several positive developments at our participation Rocket Factory Augsburg (RFA) in the past quarter. The start-up not only attracted KKR as another leading investor, but also presented two additions to its own product portfolio with a service for microgravity research and its own transport capsule. This week's Space Summit organized by ESA also set the course for securing the autonomy and independence of European access to space. We consider the agreements reached to be positive for both RFA and MT Aerospace.

In the DIGITAL segment, we not only successfully tested RAVEN, our own sensor solution, as a new type of data basis for urban planning, but were also selected in two projects for the further resp. new development of various downstream services. In addition, we were also able to complete work on our own mission control center in Bremen. From there, we will be able to operate individual satellites or entire constellations for our customers in the future. Furthermore, we have also made an investment into UNIO Enterprise GmbH in this segment, with which we will participate in the planned development of a satellite constellation for vehicle-based logistics companies.

Based on the high order backlog and the positive business development after nine months, we assume that the financial position and net assets will continue to develop well and confirm the outlook for the current fiscal year with regard to the key figure of total revenues, for which we had projected a value of EUR 1,176 million in January 2023. There are currently uncertainties regarding the achievement of the forecasted full-year figures for EBITDA and EBIT of EUR 109 million and EUR 70 million respectively. Various effects (delayed order intake, inflation-related cost increases, as well as transaction costs and other one-off effects), which have had a negative impact on profitability, might lead to the EBITDA and EBIT figures for the current fiscal year falling short of the guidance.

Bremen, November 9, 2023

The Management Board

OHB SE AT A GLANCE

OHB SE is a European space and technology Group and one of the major independent forces in this industry. With its more than 40 years of experience in the development and implementation of innovative space systems and projects as well as its range of specific aerospace and telematics products, the OHB Group has positioned itself excellently and is well positioned to compete internationally. The Company has locations in key ESA member countries. These locations allow it to participate in numerous European programs and missions.

ESTABLISHING SECURE CONNECTIONS

Telescopes, ground systems and satellite operations

Cybersecurity, encryption and railroad infrastructure

UTILIZE FULL POTENTIAL

Data analytics, applications and professional services

OHB Digital Connect GmbH Bremen, Mainz & Gelsdorf, Germany 100 %

OHB Digital Services GmbH Bremen, Germany 74.9 %

GEOSYSTEMS GmbH Oberpfaffenhofen, Germany 100 %

Blue Horizon Sàrl Betzdorf, Luxembourg 100 %

OHB Orbital Access GmbH Bremen, Germany 100 % OHB Teledata GmbH Bremen & Oberpfaffenhofen, Germany 100 % MT Aerospace OHB Chile SpA

OHB Digital Solutions GmbH Graz, Austria 100 %

Santiago de Chile, Chile 100 %

Guyane S.A.S. Kourou, French Guiana 70 %

OHB Information Technology Services GmbH Bremen & Oberpfaffenhofen, Germany 100 %

SPACE SYSTEMS

In the SPACE SYSTEMS segment, we design, develop and realize complete space systems. Together with you, we conceive and plan the goal of your mission. This means in particular the development and production of near-Earth and geostationary satellites in the application fields of environmental and weather observation, reconnaissance (civil and military), tele communications and navigation in pursuit of being "greener, safer and more connected". In addition, emphasis is placed on the area of space safety. Payloads and instruments are also key areas of expertise in our portfolio to support you in your endeavors. Within the scope of science and exploration missions, we work on studies and concepts for the exploration of our solar system with a focus on Mars, the Moon and asteroids, bringing together the human characteristics of curiosity and ambition.

AEROSPACE

With the AEROSPACE segment, we reach the implementation of your mission. We enable access to space by developing and manufacturing small launch vehicles and supplying essential components, tanks and structures for large launch vehicles, mainly for the European Ariane program. We support resource-efficient flying with modern system components for the aeronautics industry, in particular engine components from our participation Aerotech Peissenberg.

DIGITAL

In the DIGITAL segment, we ensure the success of your mission. Our telescopes, ground systems and antennas provide the necessary link between the ground infrastructure and the space segment, which is additionally secured by our expertise in the fields of cybersecurity and encryption. With satellite data analysis, additional applications and professional services, we help you to exploit the full potential of your mission.

THE OHB SHARE

MUTED STOCK MARKET SENTIMENT IN THE THIRD QUARTER

The sustained upward trend of the first half of the year did not continue in the third quarter of 2023. The benchmark indices largely ended the quarter with declines but nevertheless showed a positive development over the year to date.

After nine months, Germany's leading index, DAX, closed at 15,387 points, an increase of around 11% over the course of the year. The TecDAX, which comprises the 30 largest German technology stocks, increased at a lower level of around 3% over the same period. The STOXX Europe Aerospace & Defense and Euronext Helios Space sector indices each recorded even more significant gains of around 23% and 17% respectively after nine months. Following the announcement of the voluntary public takeover bid by Orchid Lux HoldCo S.à r.l., the price of the OHB share approached the offer price of EUR 44.00 and stood at EUR 42.75 at the end of the quarter. This represents an increase of around 33% compared with the end of 2022 (EUR 31.95). The average daily trading volume of OHB shares increased from 8,594 in the same period of the previous year to 12,345 in the period under review (Xetra, Frankfurt floor and Tradegate).

INVESTOR RELATIONS ACTIVITIES

In January, representatives of the Company took part in a large virtual capital market conference and presented the Company to potential investors in various discussions. As usual, OHB SE's Management Board provided an initial outlook for the current fiscal year during the Capital Market Day, which was held at the Company's headquarters in Bremen on January 18 for the first time since 2020. Additionally, the opportunity to participate virtually was offered. The participating analysts, investors and bank representatives were informed by the speakers about current corporate and market developments in the light of the Group strategy "OHB 2025 – Shaping the future". In addition, the Management Board members provided guidance for the current fiscal year as well as an outlook on the expected development of the three key performance indicators of relevance to management up to fiscal year 2026. The Company published its consolidated financial statements for fiscal year 2022 on March 15, 2023. On this day a hybrid press conference on financial statements was first held with the participation of numerous media representatives, after which the results were discussed with analysts in a separate virtual conference. The Management Board explained the results of the first quarter in an interactive analyst webcast on May 10. In the further course of the year, representatives of the Company took part in two further capital market conferences on Mallorca and virtually. In the third quarter, the Company presented itself at another virtual capital market conference.

TREASURY STOCK

As of September 30 of this year, OHB SE held 105,863 treasury shares, equivalent to 0.61% of its share capital.

STATUS OF THE VOLUNTARY PUBLIC TAKEO-VER OFFER OF ORCHID LUX HOLDCO S.À R.L.

On September 15, 2023, Orchid Lux HoldCo S.à r.l., 2, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, published the offer document for its voluntary public takeover offer to the shareholders of OHB SE, Bremen, Germany, for the acquisition of their no-par value bearer shares of OHB, each representing a pro rata amount of the share capital of EUR 1.00 per share against payment of a cash consideration in the amount of EUR 44.00 per OHB share.

At the expiry of the additional period at midnight (CET) on November 3, 2023, the takeover offer had been accepted for a total of 3,592,391 OHB shares. Including the shares purchased by KKR on market, this corresponds to approximately 21.5% of all OHB shares and approximately 77.5% of all OHB shares not held by the Fuchs family or by OHB as treasury shares. Following closing of both the separate capital increase and the takeover offer, KKR and the Fuchs family will hold a combined stake of roughly 94.0% of all OHB shares. The Fuchs family did not sell any shares as part of the voluntary public takeover offer and will retain permanent control of the company as the majority shareholder.

Analyst ratings

Date	Institute	Target price in EUR	Rating
August 8, 2023	DZ Bank	44.00	Hold
August 8, 2023	Kepler Cheuvreux	44.00	Accept offer (buy)
August 8, 2023	NuWays	44.00	Sell
August 7, 2023	ODDO BHF	35.00	Neutral
August 7, 2023	Pareto Securities	42.00	Buy

Performance of the OHB share in comparison with selected indices

in the period from November 1, 2022–October 31, 2023 in %

Euronext Helios Space Index

The share at a glance

in EUR	9M/2023	9M/2022
High, Xetra	43.25	37.69
Low, Xetra	28.94	26.95
Closing price, Xetra (final trading day of the period)	42.75	30.4
Average daily trading volume (shares) (Xetra, Parkett, Tradegate)	12,345	8,594
Market capitalisation (final trading day of the period, Xetra)	747 million	531 million
Number of shares	17,468,096	17,468,096

Securities held by members of the Company's Management Board and Supervisory Board

September 30, 2023	Shares	Changes in Q3
Dr. Lutz Bertling, Member of the Management Board	50,000	–
Daniela Schmidt, Member of the Management Board	600	-

IR CONTACT

Martina Lilienthal Investor Relations

— Phone: +49 (0)421 2020 7200 Email: ir@ohb.de

July 27, 2023 Microlauncher tour stops at RFA

As part of a series of visits to southern Germany, Federal Minister of Economics and Climate Protection Dr. Robert Habeck and the Federal Government's Coordinator for German Aerospace Dr. Anna Christmann were able to see the progress being made at Rocket Factory Augsburg (RFA) for themselves directly on site.

September 27, 2023 BDI president visits OHB headquarters

Together with other guests from science, politics and industry, the president of BDI (The Federation of German Industries) Prof. Siegfried Russwurm visited the OHB site in Bremen in the run-up to the Weltraumkongress organized by BDI. The opportunity was used to discuss the benefits of space travel for life on Earth and to visit one of the clean rooms.

October 10 – 12, 2023 OHB exhibits at INTERGEO

For the first time, the DIGITAL segment took part in the leading international trade fair for geodesy, geoinformation and land management with a joint stand. The around 17,000 trade visitors were interested in, among other things, examples of successful geo-digitization projects in companies and public authorities, new geo-applications and "digital twins" that help to manage the effects of climate change in urban areas.

October 18, 2023 BDI Weltraumkongress

At the Weltraumkongress organized by The Federation of German Industries (BDI), space experts from industry, politics and agencies intensively discussed the commercialization of the space industry, the strategic and macroeconomic importance of NewSpace as well as the significance of the megatrends of sustainability and digitization for the space industry. OHB participated in the discussion with contributions from CEO Marco Fuchs and Sabine von der Recke, Member of the Management Board of OHB System AG.

Space Systems

At EUR 594.7 million, unconsolidated total revenues were above the level of the first nine months of the previous year (EUR 562.1 million). This key figure resulted in an increased operating result (EBITDA) of EUR 51.4 million (previous year: 49.8 million). At EUR 32.2 million, the segment's EBIT was also up on the previous year's figure of EUR 30.5 million. The EBIT margin in relation to the unconsolidated total revenues was unchanged compared to the previous year and stood at 5.4%.

Antwerp Space awarded contract for development of communication subsystem for ARIEL

Antwerp Space and Airbus Defence and Space have signed a contract to develop the communications subsystem for the European Space Agency's ARIEL mission.

The space telescope will observe hundreds of passing exoplanets and analyze both their chemical composition and thermal structure. This information is considered crucial to understanding how a planet's physical and chemical properties relate to the environment in which it formed and the star around which it orbits. At the same time, this information may help determine if there are other Earth-like planets in the universe. The mission is scheduled to launch in 2029.

The communication subsystem under development at Antwerp Space will provide the communication link to Earth and enable the transmission of commands and observation results throughout the four-year nominal mission duration and a possible two-year extension. The company will be responsible for the design, development and integration as well as the testing, verification and qualification of the communication subsystem.

Antwerp Space also recently demonstrated its experience and competencies in the field of communications on the JUICE mission launched in April, for which the company also supplied the communication subsystem.

First novel weather satellite successfully integrated

The first sounder satellite of the next generation of European weather satellites (Meteosat Third Generation, MTG) has been integrated by OHB System on behalf of the European Space Agency (ESA) in cooperation with the European Organization for the Exploitation of Meteorological Satellites (EUMETSAT). Subsequently, extensive functional tests have been successfully carried out over the past few weeks.

During the environmental test campaign that will now follow, the weather satellite will be tested under simulated space conditions. For this purpose, it will be exposed to the temperatures to be expected in space in a thermal vacuum chamber. In addition, the environmental influences during launch will be simulated.

The MTG program is one of the most complex and innovative satellite systems ever developed. It will provide improved data for weather forecasting from geostationary orbit for the next two decades. OHB is responsible for all six satellite platforms of the MTG constellation, for the four units of the Telescope Assembly of the Flexible Combined Imager of the Imager satellites as well as for the two novel IRS instruments of the two Sounder satellites.

Project milestone paves the way for more efficient and sustainable space research

A consortium led by OHB Czechspace as prime contractor, has reached the first project milestone of a study on nuclear-based electric propulsion (NEP) systems.

The main objective of the last phase of the project was to review and evaluate the state of the technology of NEP approaches developed in the past. The consortium evaluated various types of fission reactors, fuels, power conversion cycles, radiators, engines, and safety considerations for the use of NEP. Final results are expected for next year.

The study is pursued for a variety of use cases, including travel between Earth and the Moon, manned missions to Mars, or transfers from low-Earth orbits to Lagrange points between the Sun and Earth.

Current propulsion systems use either chemical fuel or solar energy. However, these technologies are approaching their physical limits. The use of NEP could enable novel propulsion systems. Their main advantage, the significantly increased efficiency compared to propulsion systems currently in use, could enable spacecraft to carry out missions further away from Earth or to carry more payload in the future, thus also enabling missions that have not been feasible so far.

Asteroid defense mission remains on track to meet ambitious schedule

ESA

NASA

In the past quarter, the mating of the platform and propulsion module of the Hera probe was successfully completed. At the end of August, the flight hardware was sent on its way to the environmental test campaign in Noordwijk, where Hera will undergo extensive testing over a period of around seven months. After successful completion, it will continue its journey to the launch site at Cape Canaveral in Florida.

Hera is the second part of the AIDA mission jointly conducted by the U.S. space agency NASA and the European Space Agency (ESA). The first part, DART, has already made an impact on the asteroid moon Dimorphos. The second part is the European Hera probe, which is under development with OHB as the prime contractor. After a project duration of just under four years, the probe is scheduled for launch in October 2024. Around two years later, Hera shall reach the double asteroid Didymos and subsequently carry out a detailed analysis of the impact of the DART mission and its effects over a period of six months.

Only this data provided by Hera will allow a comprehensive interpretation of the impact and thus an assessment of the basic effectiveness of the methodology used for asteroid defense.

Two OHB Sweden satellite projects are passing milestones for their launches next year

During the summer, OHB Sweden successfully integrated the platform of the Artic Weather Satellite and subsequently connected it to its payload. The satellite is a contribution to ESA's Earth Watch program and will serve as a precursor for a planned constellation of weather satellites, all of which are to be based on the company's proven InnoSat platform.

In addition, the GARAI satellites developed for Satlantis successfully passed the Preliminary Design Review. The satellite design, which is also based on the InnoSat platform and a Satlantis instrument with four multispectral cameras, was able to demonstrate its compliance with the mission requirements.

Both missions are thus on schedule for their respective launches during the course of next year.

OHB acquires a stake in BST

OHB recently acquired a 20% stake in Berlin Space Technologies GmbH (BST) as a strategic minority investor. This investment is intended to support the expansion of the commercial export business which has already started successfully. Via Azista BST Aerospace, an Indian joint venture, BST currently has experience in setting up and operating an export-oriented production facility in Asia which can produce both components and small satellites. The opening of a second facility in Germany is planned for the coming year. In line with the commercial NewSpace approach, BST thereby focuses on the cost-optimized production of components in high volumes. In this way, the investment supplements the existing industrial network and strengthens the supplier relationships of OHB.

The PLATO structural model successfully completes all tests

All test activities planned with the structural model of the PLATO spacecraft were successfully completed in the third quarter. These included the measurement of physical properties, vibration and acoustic tests, and the deployment of the solar cells. They will serve as the basis for the start of construction of the flight model. OHB is the prime contractor for the mission. With the Critical Design Review, the next major milestone is scheduled for winter 2024.

PLATO is a satellite-based observatory for the discovery and study of exoplanets. As part of the mission, researchers are looking for answers to fundamental questions about the formation of planets, their changes over time and the properties of Earth-like exoplanets in the habitable zone of other solar systems. To this end, the payload of the 2.5-ton probe consists of a total of 26 cameras. PLATO is scheduled for launch at the end of 2026.

Aerospace

At EUR 84.9 million, unconsolidated total revenues in the first nine months of the 2023 fiscal year were slightly below the previous year's figure of EUR 86.5 million. The operating result (EBITDA) for this segment amounted to EUR 7.4 million and was thus lower than in the previous year (EUR 9.9 million). EBIT reached a value of EUR 1.4 million and thus also decreased compared to the previous year (EUR 4.5 million). The EBIT margin in relation to the unconsolidated total revenues was 1.6%, compared to 5.2% in the previous year.

Positive developments in the context of the Space Summit 2023

At the Space Summit hosted by the European Space Agency (ESA), the three largest ESA member states Germany, France and Italy agreed on a joint approach in the field of launchers in order to continue to secure Europe's independent and autonomous access to space and to open up the market for privately developed and financed launchers in the future. For the Ariane program, this means, among other things, that the participating member states are prepared to make additional budget available to the industry in order to compensate for the difference between costs and achievable revenues, which amounts to up to EUR 340 million per year. In addition, a budget is to be made available to conclude contracts with the industry for the production of the shipsets for flights 16 to 42 of the Ariane 6 launcher. In addition to the agreement on the continuation of the Ariane program, the "European Launcher Challenge" was launched to prepare the future of Europe's access to space. Member states intend to provide selected companies with funding of EUR 150 million each to establish sustainable and affordable access to space.

Additionally, the ESA member states adopted a resolution to further strengthen European space ambitions. In this context, ESA would like to act increasingly as an anchor customer in future. To this end, it has launched a competition for the provision of a commercial transport capsule that will enable deliveries to the International Space Station (ISS) and back to Earth by 2028.

The measures are relevant both for MT Aerospace, which is heavily involved in the production of the Ariane 6 launcher, and for Rocket Factory Augsburg (RFA): In addition to its self-developed launcher, the company intends to offer its own transport capsule for commercial use. Both activities support the intention, once again emphasized at the Space Summit, to further secure the degree of autonomy and independence with regard to European access to the European Launcher Challenge will give RFA the opportunity to position itself on the market for institutional clients in Europe.

Rocket Factory Augsburg closes financing round with investment firm KKR

In addition to OHB as an existing strategic investor, Rocket Factory Augsburg (RFA) has gained a further leading investor in the form of KKR. The investment firm is investing EUR 30 million in the form of convertible bonds in the start-up, which was founded in 2018. The additional capital will facilitate the upcoming test of the integrated first stage of RFA ONE and the completion of the launch pad at SaxaVord Spaceport in Scotland.

KKR's investment follows the successful completion of the upper stage integrated system test in May 2023, the first of its kind in Europe. It underlines investors' confidence in RFA's business model, which focuses on rapid and sustainable growth and ensures high investment value for existing and new investors.

By offering cost-effective and flexible launch services, RFA will meet the growing global demand for access to space. The first launch of the RFA ONE microlauncher is scheduled for next year.

Proprietary transport capsule complements Rocket Factory Augsburg's product portfolio

With the Argo transport capsule, Rocket Factory Augsburg (RFA) recently unveiled its own cost-effective service for transports to the International Space Station (ISS) and future commercial space stations. In this way, RFA contributes to the restoration of Europe's independent transport capability.

The capsule will be able to transport around 3,400 kilograms of cargo to near-Earth orbits in its cargo compartment, which measures just under 13 cubic meters. It also has an inflatable re-entry module, which will additionally allow the return transport of materials and experiments back to Earth.

»Rocket Factory Augsburg has gained KKR as a further leading investor.«

German partnership announced to develop end-to-end service for microgravity research

Three German NewSpace startups, Rocket Factory Augsburg (RFA), Yuri and ATMOS Space Cargo (ATMOS), have partnered to develop an end-to-end microgravity service for life science research and product development.

In this consortium, RFA will be responsible for providing the entire launch service. This includes the launch system, infrastructure, outbound logistics and the operational launch campaign. RFA ONE will deliver the transport capsule provided by ATMOS together with the Yuri-developed test environment to its exact destination in a flexible and low-cost manner.

With their holistic solution, the companies are providing a novel and flexible alternative to the laboratory on the International Space Station (ISS). This is expected to initiate a new generation of microgravity research and thus advances in the fields of biotechnology, life science and product development worldwide.

The new service will be available from 2025 and will address the growing demand from the life science industry. The industry's total market for space manufacturing is expected to grow to a volume of EUR 7,000 million by 2030.

First rocket launches from the North Sea planned for 2024

The German Offshore Spaceport Alliance (GOSA) has announced its first demonstration mission for the spring of next year. This marks the company's next critical step toward implementing a German mobile spaceport for microlaunchers in the North Sea to meet the growing demand in the commercial small satellite market. Four times more satellites will be launched this decade than in the previous one, leading to bottlenecks in launch capacity on land.

The mission is intended to demonstrate the feasibility of a rocket launch from a maritime platform in the German Exclusive Economic Zone in the North Sea. The initial aim is to gain practical technical experience and know-how with suborbital rocket launches. At the same time, communication channels with customers and partners as well as approval procedures with relevant authorities and institutions can be tested. The test campaign is scheduled to last around two weeks. During this time, it is planned to launch up to four rockets with a maximum length of 7 meters and a flight altitude of up to 50 kilometers. Each launch will be accompanied by a control ship and a new multifunctional control center in Bremen.

Shortly prior to this, the Bundestag's Budget Committee decided to continue supporting the NewSpace sector in Germany. With a total of EUR 2 million until 2025, Germany is thus setting the course for a sovereign launch capacity.

»Four times more satellites will be launched this decade than in the previous one. To meet the growing demand in the commercial small satellite market, GOSA has announced its first demonstration mission for the spring of 2024.«

Digital

Unconsolidated total revenues amounted to EUR 79.3 million in the first nine months of the 2023 fiscal year (previous year: EUR 69.3 million). The operating result (EBITDA) for this segment fell from EUR 8.3 million in the same period of the previous year to EUR 5.0 million, while EBIT decreased from EUR 6.5 million to EUR 3.1 million. The EBIT margin in relation to the unconsolidated total revenues reached 4.0% (previous year: 9.4%).

OHB extends urban analytics portfolio

OHB Digital Connect has developed a novel sensor for monitoring heat islands in urban areas and recently successfully demonstrated its performance. The airborne sensor is known as RAVEN and capable of displaying the temperature differences occurring in densely developed areas in high-resolution. For this purpose, the sensor detects the thermal radiation emitted by objects in the long-wave infrared (LWIR) range in three spectral bands.

The data can then be used to draw conclusions about the surface properties and temperature of the overflown objects, enabling the creation of detailed heat maps. Furthermore, RAVEN provides valuable data for other applications – including estimating the health status and irrigation needs of vegetation in urban areas.

Since conventional broadband LWIR cameras and satellite instruments cannot adequately image the variety of surface types found in cities, RAVEN fills a gap in available data and can be used to assess the need for urban design measures.

LuxSpace tasked with demonstrating new approaches to ship identification

As a leading provider of AIS (Automatic Information System) data for global shipping, LuxSpace was selected by ESA as the prime contractor for a study to further develop existing ship identification and monitoring systems.

Within the MAGINet project, the combination of various Earth observation data in conjunction with artificial intelligence resp. machine learning and the associated improvement of the results of so far used AIS data will be demonstrated.

Contract awarded for the development of innovative downstream services

OHB Digital Services has been selected by the European Union Agency for the Space Programme (EUSPA) as the prime contractor for a Copernicus demonstrator project. By awarding such projects, EUSPA aims to develop innovative "proof of concepts", thus broadening the user base of Copernicus data by means of new applications.

The Copernicus satellite constellation, the Earth observation component of the European Union's space program, observes the Earth and its environment, providing a unique combination of complete, free and open data and services in the thematic areas land, ocean, atmosphere, climate change, emergency and security.

Led by OHB, the project shall result in three innovative pilot applications from the following five areas to be analyzed: Measurement and monitoring of aircraft emissions, emergency preparedness and early warning of flooding, autonomous navigation and optimization of shipping routes, smart mobility and autonomous cars as well as monitoring of critical infrastructure such as railroad networks.

»By awarding Copernicus demonstrator projects, EUSPA aims to develop innovative "proof of concepts".«

OHB completes investment in connectivity start-up

By investing in UNIO Enterprise GmbH – a start-up founded in 2022 which is pursuing the development of its own satellite constellation with a focus on applications for vehicle-based logistics companies – OHB participates in the growing demand for continuous connectivity in a specific area of application. In addition to the constellation, the start-up will offer a hardware solution for the seamless transition between terrestrial 5G networks and satellite-based connectivity, the realization of which will be driven forward primarily using the now raised capital. The solution is expected to be delivered to the first customers as early as next year.

SARah

MMCC in Bremen completed

OHB Digital Connect recently completed work on the OHB Multi- Mission Control Center (MMCC) in Bremen. The company has already planned, built and commissioned several missionspecific control rooms and is managing satellites in their respective orbits from there.

The MMCC is a mission-flexible system that can cover the mission operations of both individual satellites and entire constellations in various orbits and across the different phases of their lives. It forms the central element of a ground segment that bundles all services, interfaces and system elements required for satellite operations and in which the essential activities for satellite operations are performed. Furthermore, the MMCC can also serve as a backup in the event of a failure of another external control center or remotely support the operations of other mission centers.

Thereby, it must meet the overall concept requirements for flexibility, scalability, modularity and comprehensive connectivity to provide operational services for multiple missions. In addition to interfaces to external facilities such as ground stations, space weather data providers, collision avoidance services, etc., the MMCC is also capable of connecting to the satellite manufacturer's test systems. Thanks to the modular approach, the interfaces and the monitoring and control software can be changed according to the needs and requirements of the system.

Bundeswehr starts operational use of satellite-based reconnaissance system SARah

Partial operational use of the SARah national reconnaissance system recently began with the Phased Array subsystem. This means that the first of a total of three satellites in the constellation is already in partial use and transmitting data to the ground stations belonging to the system. The phased array subsystem was realized by Airbus Defence and Space as the main subcontractor. The entire SARah system is being realized by the prime contractor OHB System in Bremen and represents an improved global and weather-independent reconnaissance capability for the Bundeswehr.

The two SARah radar satellites realized by OHB are currently close to completion and will also be launched into their target orbit in the near future. These are based on a further development of the reflector technology of the SAR-Lupe constellation. SAR-Lupe is the Bundeswehr's first spacebased reconnaissance system and has been operated by OHB System in cooperation with OHB Digital Connect for 15 years.

INTERIM GROUP MANAGEMENT REPORT

Generally speaking, the OHB Group's total revenues are heavily dependent on performance milestones and delivery dates in the respective projects and therefore follow a non-linear pattern as planned. The ratio came to EUR 737.0 million after nine months, up on the previous year (EUR 694.5 million).

The operating result (EBITDA) changed to EUR 64.1 million (previous year: EUR 68.0 million). The operating EBITDA margin thus fell to 8.7% in the reporting period, compared with 9.8% in the same period of the previous year. At EUR 36.9 million, EBIT after the first nine months of the current fiscal year stood lower compared with the previous year (EUR 41.4 million). The corresponding EBIT margin decreased year-on-year from 6.0% to 5.0%.

The financial result of EUR –9.7 million deteriorated compared to the same period of the previous year (EUR –1.3 million). Earnings before taxes (EBT) changed to EUR 27.2 million after the first nine months of 2023 (previous year: EUR 40.0 million). Income taxes of EUR 8.7 million (previous year: EUR 12.4 million) resulted in a consolidated net profit of EUR 18.2 million (previous year: EUR 27.6 million) in the current reporting period.

Cash flow, which is regularly highly volatile even during the course of the year, is characteristic of OHB's business model but is sufficiently easy to plan. After the first nine months of the year, the cash flow from operating activities was down on the previous year (EUR –114.9 million), at EUR –116.4 million. The cash flow from investing activities of EUR – 11.8 million improved compared to the same period of the previous year (EUR –14.4 million) and is still dominated by investments in intangible assets. Cash flow from financing activities of EUR 46.7 million was lower than in the same period of the previous year (EUR 75.4 million). Cash and cash equivalents at the end of the reporting period amounted to EUR 25.3 million (previous year: EUR 46.3 million).

The Group's firm order backlog stood at EUR 1,742 million after nine months of fiscal year 2023, down from EUR 1,875 million as of December 31, 2022. Of this amount, EUR 1,465 million is attributable to the SPACE SYSTEMS segment, EUR 136 million to the AEROSPACE segment and EUR 141 million to the DIGITAL segment. As of September 30, 2023, the OHB Group's total assets of EUR 1,107.6 million were 2% higher than the level as of December 31, 2022 (EUR 1,080.7 million). The increase in equity from EUR 293.5 million to EUR 301.2 million resulted in an equity ratio of 27.2% as of September 30, 2023, unchanged from the end of the year on December 31, 2022.

EMPLOYEE DEVELOPMENT

The OHB Group's workforce increased by 192 from 3,025 employees as of December 31, 2022 to 3,217 employees as of September 30, 2023. The headcount figure for "Rest of the world" comprises 38 persons employed in Chile and 51 persons employed in French Guiana.

RESEARCH AND DEVELOPMENT

Research and development expenses increased to EUR 12.3 million in the first nine months of 2023 (compared to EUR 6.8 million in the same period of the previous year).

INVESTMENTS

At EUR 13.4 million, investments in non-current assets in the first nine months of 2023 were below the level of the previous year (EUR 13.8 million).

OPPORTUNITIES AND RISKS REPORT

In the annual report for 2022, the opportunities and risks report provides detailed information on opportunities and risks that could influence the success of the business. There were no significant changes in the OHB Group's opportunity and risk profile in the current reporting period.

GUIDANCE FOR THE GROUP IN 2023

Number of employees by segment

DIGITAL Holding company

The Management Board issued the following guidance for fiscal year 2023 during the Capital Market Day on January 18, 2023: The OHB Group's consolidated total revenues are expected to amount to EUR 1,176 million, with operating earnings figures EBITDA and EBIT reaching EUR 109 million and EUR 70 million, respectively. Based on the high order backlog and the positive business performance after nine months, we assume that the financial position and net assets will continue to develop well and confirm the outlook for the current fiscal year with regard to the key figure total revenues. There are currently uncertainties regarding the achievement of the forecasted full-year figures for EBITDA and EBIT. Various effects (delayed order intake, inflation-related cost increases, as well as transaction costs and other one-off effects), which have had a negative impact on profitability, might lead to the EBITDA and EBIT figures for the current fiscal year falling short of the guidance.

Number of employees by region

Rest of the world

21

I. CONSOLIDATED INCOME STATEMENT

in EUR 000	Q3/2023	Q3/2022	9M/2023	9M/2022
Revenues	274,812	240,200	718,558	664,467
Increase/Reduction in inventories of finished goods and work in progress	1,568	1,550	4,309	3,978
Other own work capitalized	5,002	2,503	8,240	6,051
Other operating income	–985	7,424	5,909	20,000
Total revenues	280,397	251,677	737,016	694,496
Cost of materials	175,137	145,439	418,671	399,200
Personnel costs	70,950	64,841	206,645	190,928
Depreciation and amortization of property, plant and equipment, intangible assets and right-of-use assets	9,065	9,286	27,218	26,683
Impairment expense/income	5	–5	14	–5
Other operating expenses	14,316	16,196	47,583	36,331
Earnings before interest and tax (EBIT)	10,924	15,920	36,886	41,359
Interest and similar income	500	773	1,417	1,035
Interest and other borrowing costs	4,818	2,512	11,306	5,432
Currency translation losses /gains	989	1,927	99	3,074
Share of profit of associates	0	0	0	0
Net income from investments	0	0	132	0
Net finance expense	–3,329	188	–9,658	–1,323
Earnings before tax (EBT)	7,595	16,108	27,227	40,036
Income taxes	2,525	4,926	8,738	12,396
Net profit/loss from continuing operations	5,070	11,182	18,489	27,640
Net profit/loss from discontinued operations	0	0	–250	0
Consolidated net profit for the year	5,070	11,182	18,239	27,640
Share of OHB SE shareholders in net profit for the year	5,305	10,807	18,999	26,098
Minority interests	–235	375	–760	1,542
Average number of shares (in units)	17,362,224	17,360,600	1,736,211	17,360,799
Earnings per share (basic, EUR)	0.30	0.62	1.09	1.50
Earnings per share (diluted, EUR)	0.30	0.62	1.09	1.50

* EBIT = Earnings Before Interest and Taxes

** EBT = Earnings Before Taxes

II. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

in EUR 000	Q3/2023	Q3/2022	9M/2023	9M/2022
Consolidated net profit for the year	5,070	11,182	18,239	27,640
Remeasurement of defined benefit pension plans	0	–234	0	15,213
Remeasurement of defined benefit pension plans of associates	0	0	0	0
Net gains /losses from the measurement of financial assets through other comprehensive income (equity instruments)	0	0	0	0
Items that will not be recycled to profit and loss	0	–234	0	15,213
Foreign currency translation differences	–154	–953	–133	474
Foreign currency translation differences of associates	0	0	0	0
Cash flow hedges	0	0	0	0
Cash flow hedges of associates	0	0	0	0
Items that may be subsequently recycled to profit and loss	–154	–953	–133	474
Other comprehensive income after tax	–154	–1,187	–133	15,687
Comprehensive income	4,916	9,995	18,106	43,327
Attributable to:
Equity holders of OHB SE	5,151	9,620	18,866	37,151
Non-controlling interests	–235	375	–760	6,176

III. CONSOLIDATED BALANCE SHEET

in EUR 000	30.09.2023	31.12.2022
ASSETS
Goodwill	12,260	12,260
Other intangible assets	122,793	124,371
Right-of-use assets under leases	39,013	45,718
Property, plant and equipment	109,149	107,206
Shares in associates	4,925	0
Other financial assets	16,829	15,493
Other non-current receivables and financial assets	62,262	36,128
Deferred tax assets	17,356	17,664
Non-current assets	384,587	358,840
Inventories	37,398	25,671
Trade receivables	87,799	79,886
Contract assets	540,938	428,592
Income tax receivables	3,320	6,060
Other financial and non-financial assets	28,271	44,477
Securities	10	10
Cash and cash equivalents	25,270	106,110
Assets classified as held for sale	0	31,083
Current assets	723,006	721,889
Total assets	1,107,593	1,080,729

in EUR 000	30.09.2023	31.12.2023
EQUITY AND LIABILITIES
Subscribed capital	17,468	17,468
Share premium	15,993	15,993
Retained earnings	521	521
Unrealized gains and losses recognized in equity	–7,122	–6,989
Treasury stock	–3,213	–3,241
Consolidated net profit	253,585	245,004
Equity net of minority interests	277,232	268,756
Non-controlling interests	23,928	24,712
Equity	301,160	293,468
Provisions for retirement benefits and similar obligations	70,782	71,616
Non-current other provisions	1,063	1,221
Non-current financial liabilities	68,731	74,225
Non-current lease liabilities	30,380	36,786
Non-current contract liabilities	20,892	14,542
Deferred tax liabilities	73,293	62,847
Non-current liabilities	265,141	261,237
Current provisions	35,973	33,029
Current financial liabilities	213,207	133,386
Current lease liabilities	10,426	10,542
Trade payables	82,937	100,296
Current contract liabilities	125,859	137,825
Income tax liabilities	7,857	12,407
Financial and non-financial other liabilities	65,003	90,055
Liabilities directly associated with assets classified as held for sale	0	8,484
Current liabilities	541,292	526,024
Total equity and liabilities	1,107,593	1,080,729

IV. CONSOLIDATED CASH FLOW STATEMENT

in EUR 000	9M/2023	9M/2022
EBIT	36,885	41,359
Income taxes paid	206	–4,105
Other non-cash expenses (+)/income (–)	–377	35
Depreciation and amortization of property, plant and equipment, intangible assets and right-of-use assets	27,218	26,683
Changes in retirement benefit provisions	–2,776	–1,980
Profit (–)/loss (+) from the disposal of assets	–685	–3,445
Gross cash flow	60,471	58,547
Increase (–)/decrease (+) in own work capitalized	–8,240	–6,051
Increase (–)/decrease (+) in inventories	–11,727	3,364
Increase (–)/decrease (+) in receivables and other assets	–109,529	–172,717
Increase (+)/decrease (–) in liabilities and provisions	–41,771	23,703
Increase (+)/decrease (–) in contract liabilities	–5,616	–21,740
Cash inflow/outflow from operating activities	–116,412	–114,894
Payments made for investments in intangible assets, property, plant and equipment and other financial assets	–13,427	–13,845
Payments received from the disposal of assets	75	468
Payments made for the acquisition of consolidated companies	0	–2,037
Interest received	1,549	1,035
Cash inflow/outflow from investing activities	–11,803	–14,379
Dividends distributed	–10,417	–8,333
Payment made for the settlement of financial liabilities	–6,667	–6,667
Payment made for the settlement of lease liabilities	–7,936	–8,300
Payments received from new loans	80,994	103,955
Dividend distributed to non-controlling interests	–25	–124
Interest paid	–9,286	–5,113
Cash generated by /used in financing activities	46,663	75,418
Changes to cash and cash equivalents recognized in the cash flow statement	–81,552	–53,855
Exchange-rate-induced change in cash and cash equivalents	712	3,547
Cash and cash equivalents at the beginning of the period	106,110	96,618
Cash and cash equivalents at the end of the period	25,270	46,310

V. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

in EUR 000	Sub scribed capital	Share premium	Retained earnings	Unrealized gains and losses recognized in equity	Con solidated net profit	Treasury stock	Equity net of mino rity inte rests	Non control ling interests	Total equity
Balance on Jan. 1, 2022	17,468	15,968	521	–21,591	225,441	–3,265	234,542	18,079	252,621
Dividend payment	0	0	0	0	–8,333	0	–8,333	0	–8,333
Consolidated other comprehensive income	0	0	0	11,053	26,097	0	37,150	6,177	43,327
Dividend distributed to non-controlling interests	0	0	0	0	0	0	0	–125	–125
Share-based payments	0	25	0	0	0	10	35	0	35
Balance on Sep. 30, 2022	17,468	15,993	521	–10,538	243,205	–3,255	263,394	24,131	287,525
Balance on Dec. 31, 2022	17,468	15,993	521	–6,989	245,004	–3,241	268,756	24,712	293,468
Dividend payment	0	0	0	0	–10,417	0	–10,417	0	–10,417
Consolidated other comprehensive income	0	0	0	–133	18,998	0	18,865	–759	18,106
Dividend distributed to non-controlling interests	0	0	0	0	0	0	0	–25	–25
Share-based payments	0	0	0	0	0	28	28	0	28
Balance on Sep. 30, 2023	17,468	15,993	521	–7,122	253,585	–3,213	277,232	23,928	301,160

	SPACE SYSTEMS		AEROSPACE		DIGITAL
in EUR 000	9M/2023	9M/2022	9M/2023	9M/2022	9M/2023	9M/2022
Revenues	577,930	539,659	79,722	78,814	78,095	65,152
of which internal sales	2,860	2,014	599	2,226	13,730	14,918
Total revenues	594,658	562,069	84,940	86,472	79,310	69,256
Cost of materials and services purchased	367,442	353,330	36,657	37,210	25,650	22,343
EBITDA	51,385	49,840	7,445	9,925	4,987	8,323
Depreciation and amortization	19,217	19,363	6,055	5,411	1,841	1,801
EBIT	32,168	30,477	1,390	4,514	3,146	6,522
EBIT margin	5.4%	5.4%	1.6%	5.2%	4.0%	9.4%
Own value creation	268,972	248,116	84,786	82,179	61,954	54,473
EBIT margin on own value creation	12.0%	12.3%	1.6%	5.5%	5.1%	12.0%

VI. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

GENERAL PRINCIPLES

OHB SE is a listed stock corporation domiciled in Germany. These consolidated interim financial statements of OHB SE and its subsidiaries ("Group") for the first nine months of fiscal year 2023 were approved for publication by resolution of the Management Board dated November 9, 2023.

Based on a voting rights agreement entered into with the management of Rocket Factory Augsburg AG in February 2023, OHB SE relinquished control over Rocket Factory Augsburg AG. As a result, the company, which was classified as held for sale in the consolidated financial statements as of December 31, 2022, was deconsolidated in the first quarter of fiscal year 2023 and is now accounted for at equity in the consolidated financial statements.

OHB SE's interim consolidated financial statements include the following companies in fully consolidated form:

• OHB System AG, Bremen & Oberpfaffenhofen
• OHB Italia S.p.A., Milan (I)
• OHB Sweden AB, Stockholm (S)
• Antwerp Space N.V., Antwerp (B)
• LuxSpace S.à r.l., Betzdorf (L)
• OHB Czechspace s.r.o., Brno (CZ)
• MT Aerospace Holding GmbH, Bremen
• MT Aerospace AG, Augsburg

• MT Aerospace Grundstücks GmbH & Co. KG, Munich

• MT Management Service GmbH, Augsburg

• MT Aerospace Guyane S.A.S., Kourou (GUF)
• OHB Digital Connect GmbH, Bremen
• OHB Digital Services GmbH, Bremen
• OHB Teledata GmbH, Bremen
• OHB Information Technology Services GmbH, Bremen
• OHB Orbital Access GmbH (formerly OHB Cosmos International Launch Services GmbH), Bremen
• ORBCOMM Deutschland Satellitenkommunikation AG, Bremen
• GEOSYSTEMS Gesellschaft für Vertrieb und Installation von Fernerkundungs- und Geoinformationssystemen mbH, Germering
• OHB Chile SpA, Santiago de Chile (RCH)
• OHB Digital Solutions GmbH, Graz (A)

The results of affiliated companies which are not fully consolidated are not taken into account during the year.

Total		Reconciliation
			Consolidation	Holding
9M/2022	9M/2023	9M/2022	9M/2023	9M/2022	9M/2023
664,467	718,558	–19,158	–17,189	0	0
0 0		–19,158	–17,189	0	0
694,496	737,016	–34,090	–35,211	10,789	13,319
399,200	418,671	–13,683	–11,124	0	46
68,042	64,103	0	0	–46	286
26,683	27,218	0	0	108	105
41,359	36,885	0	0	–154	181

Sales by product group

EBIT margin 5.4% 5.4% 1.6% 5.2% 4.0% 9.4% 5.0% 6.0% Own value creation 268,972 248,116 84,786 82,179 61,954 54,473 415,712 384,768

value creation 12.0% 12.3% 1.6% 5.5% 5.1% 12.0% 8.9% 10.7%

Segment report

EBIT margin on own

in EUR 000	9M/2023	9M/2022
SPACE SYSTEMS
Reconnaissance and space security	102,969	153,003
Environmental and weather satellites	160,520	169,457
Telecommunications and navigation satellites	67,162	74,885
Science and exploration (and other)	244,420	140,300
AEROSPACE
Launch vehicle components	66,194	59,393
Tanks and structures, special manufacturing processes and hydrogen technologies (and miscellaneous)	20,628	17,195
DIGITAL
Railroad infrastructure, cybersecurity and encryption	7,555	8,244
Telescopes, satellite operations and ground systems	41,094	29,136
Satellite data analytics, applications and professional services (and other)	8,016	12,854
Total	718,558	664,467

Sales by geographic region

in EUR 000	9M/2023	9M/2022
Germany	314,984	260,336
Rest of Europe	374,349	387,059
Rest of the world	29,225	17,072
Total	718,558	664,467

BASIS AND METHODS

These unaudited interim consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and the related Interpretations issued by the International Accounting Standards Board (IASB) applicable to interim financial reporting, as adopted by the European Union, and the additional requirements of German commercial law pursuant to Section 315a (1) of the Handelsgesetzbuch (German Commercial Code, "HGB"). Accordingly, these interim financial statements do not include all the information and notes required by IFRS for consolidated financial statements at the end of the fiscal year. In the opinion of the Management Board, the accompanying unaudited interim consolidated financial statements include all adjustments considered necessary for a fair presentation of results for interim periods. The results for the period ended September 30, 2023 are not necessarily indicative of future results. The preparation of consolidated financial statements for interim reporting in accordance with IAS 34 "Interim Financial Reporting" requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual amounts may differ from these estimates.

A tax rate of approximately 32% is used for income taxes. No significant changes have been made to the basis of estimates compared to the annual report 2022. A detailed description of the accounting policies is published in the notes to the consolidated financial statements of the annual report 2022.

AUDITOR'S REVIEW

The interim report was neither audited in accordance with Section 317 HGB nor reviewed by an auditor.

RESPONSIBILITY OF THE STATUTORY REPRE-SENTATIVE

"To the best of our knowledge, and in accordance with the applicable reporting principles, the interim consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group for the remaining months of the fiscal year."

Bremen, November 9, 2023

The Management Board

FINANCIAL CALENDAR 2024 IMPRINT

[Events are scheduled in virtual format, unless otherwise indicated]

Event	Date
Capital Market Day, Bremen	January 17, 2024
Annual report 2023/ Analyst conference	March 20, 2024
3-month report/ Analyst conference	May 8, 2024
Annual general meeting	May 29, 2024
6-month report/ Analyst conference	August 8, 2024
9-month report/ Analyst conference	November 12, 2024

OHB SE

Manfred-Fuchs-Platz 2–4 28359 Bremen Germany

Phone: +49 (0)421 2020 8 Email: info@ohb.de

Text and content: OHB SE Concept & Design: HGB Hamburger Geschäftsberichte GmbH & Co. KG, Hambur Images: BDI/Christian Kruppa; ESA – S. Corvaja; EUMETSAT; Harren Group; all other images OHB

CONTACT INFORMATION

OHB SE

Manfred-Fuchs-Platz 2–4 28359 Bremen Germany

Phone: +49 (0)421 2020 7200 Email: ir@ohb.de

Marco Fuchs Chief Executive Officer

Martina Lilienthal Investor Relations

In early July the Heinrich Hertz telecommunications satellite was launched on board the 117th and last Ariane 5 launcher. About two weeks later, the satellite reached its destination for the next approximately 15 years at a distance of 36,000 kilometers.

OHB SE Manfred-Fuchs-Platz 2–4 28359 Bremen, Germany Phone: +49 (0)421 2020 8 info@ohb.de