Eurocopter. Marc Paganini. Confirmed Growth... CEO of American Eurocopter. Order intake 2005: 3.5 bn, i.e. order backlog reaching 10 bn

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1 Marc Paganini CEO of American North America Investor Forum New York March 13 th, Confirmed Growth Billion Euro s Revenues 2005: 3.2 bn, i.e. 15 % Growth compared to Order intake 2005: 3.5 bn, i.e. order backlog reaching 10 bn

2 Balanced Locally as well as Internationally Defence 54% 46% Civil + parapublic 401 Helicopters ordered Export 71% Domestic 29% Subsidiaries 9458 A/C In Service Canada Ltd American Mc Alpine Romania SA Eurovertol COHC ESJ & Euroheli 139 Countries 2503 Customers Mexico SA Malaysia South East Asia Philippines Inc Chile Helibras Southern Africa Australian Aerospace A worldwide subsidiaries network providing services to support customers operations, ensuring local business presence, delivering more than 50 % of new helicopters and generating 1 bn revenues 3 Leadership N 1 in Revenues: Despite a position challenged by US$ parity and heightened competition, EC remains the biggest player in the industry Revenues (M ) Bell Sikorsky Boeing AGW EC Civil Military Services Others N 1 in Deliveries: 334 helicopters delivered among which 12 Tiger Others 6% Mil/Kamov 7% Sikorsky 11% Agusta Westland 10% Bell 21% 41% Boeing 4% N 1 in Technology & Innovations: A long tradition from the first turbine helicopter to the first full composite fuselage and Fly by Wire controls, our products set technologies benchmark Core Competencies in house Dynamic Components) 4

3 Bringing Innovative Technologies to the Market Focus on customer useful technologies : Safety and reliability Cost mastering in production and life-cycle Low noise Fly by wire All weather capability 5 The World Best Tailored Civil Range & HEAVY EC225 MEDIUM EC155 AS365 AS332 EC145 from 5 to 25 seats LIGHT EC135 for all types of civil and para-public missions Ecureuil EC T 6

4 the World Largest Military Range. HEAVY EC725 COMBAT NH 90 AS 532 MEDIUM TIGER LIGHT EC635 PANTHER From 1.6 to 11 tons Tailored for most mission segments FENNEC T 7 A Company with Comprehensive Capabilities Research & Development 1,200 R&D engineers A new development program every 2 years Architecture, Design, Integration Industrialization and Production 10,000 specialists over the 5 sites in Europe Key competencies: Blades - Airframe - Dynamic components - Systems More than 20 worldwide assembly lines. Flight tests and certification 250 crews of which 60 flight test engineers and 30 test pilots 5,000 flight test hours/year 1 certification/qualification every year Services and Support 10,000 helicopters in operation 2,500,000 flight hours/year Worldwide repair and overhaul network, 3 international logistic hubs. 8

5 and a Unique Co-Operation Culture. Spain: Creation of a 2 nd industrial site in Albacete; EC135 Assembly line, Development of HAD Tiger. Korea: Selected to develop the Korean Utility Helicopter KHP PROGRAM Australia: ranked 4th Australian Defence contractor. - Prime Contractor for Air87 - Prime Contractor for Air and a Unique Co-Operation Culture Structuring Strategic Alliances: In China- The EC175 Target market: 6-7 metric ton aircraft Envisioned as the top aircraft in this category for 2011 Represents major investments for and its partner, AVIC II Strategy aligned with EADS Group s orientation towards international deployment Secure control of intellectual property and technology 10

6 A Worldwide Optimized Industrial Strategy «A Relocation Strategy» Aiming at: Load and costs optimization Natural $ hedging Offset contribution Customer Proximity 11 American is the Example of How Built a Winning Strategy 12

7 Commitment to the U.S. Market Total alignment with market needs AE has grown revenues in all activities Competitiveness of products and services Success of invest in the U.S. strategy Setting up a world-class manufacturing organization-creating high-skill jobs Partnering for a secure America: DHS-Local law enforcement authorities 13 American in 2005 #1 Market Share for the 5th year in Commercial Markets 50 % + market share in key markets EMS Parapublic (Law Enforcement Federal Government Agencies) Utility/Tour Revenue increase of 35 % over 2004 at $ 436 million 93 new aircraft delivered 45 % total market share Net firm orders: 122 a/c to 24 customers Sikorsky 11% Bell 33% Others 2% American 45% AGW 9% Total US Deliveries 2005: 209 units 14

8 American Facilities Grand Prairie, Texas Columbus, Mississippi Completion- Logistics Support- R&O - Training 37 acre facility 391 employees Manufacturing 40 acre facility 121 employees 15 American Key Capabilities Production Manufacturing Dolphin Center of Excellence Composite Repair Maintenance & Repair Dynamic Components Blade Shop Avionics Technical Logistics Training Support 16

9 American Key Capabilities U.S. Department of Homeland Security: U.S. Coast Guard (95 a/c) Bureau of Customs & Border Protection (44 a/c) DEA & FBI (15 a/c) Numerous local and state law enforcement agencies (286 a/c) AND NOW THE LUH 17 United States Coast Guard 95 Aircraft Flying Major Re-engining Program Underway Delivered 52 of 95 Re-engining Kits 12 aircraft (+ option for 6) conversion agreement from B to C modification 1 aircraft delivered; 4 HH-65 aircraft in re-engining process in Columbus Future aircraft improvements in cooperation with USCG Opportunity for additional new aircraft 18

10 LUH Government Program for 332 Aircraft The best aircraft: Standard model, light utility helicopter; based on the proven EC145 The best operational support to the US Army: Sikorsky The best US team: Partnership of EADS NA (prime), American, Sikorsky, Westwind and CAE (for the simulator) The best US Content: To be built in American s Columbus, MS facility 19 In Conclusion Leading the helicopter industry with a balanced portfolio of activities through a multi domestic Strategy for profitability and further growth. 20

11 Safe Harbor Statement Certain of the statements contained in this document are not historical facts but rather are statements of future expectations and other forward-looking statements that are based on management s beliefs. These statements reflect the Company s views and assumptions as of the date of the statements and involve known and unknown risk and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. When used in this document, words such as anticipate, believe, estimate, expect, may, intend, plan to and project are intended to identify forward-looking statements. Such forward-looking statements include, without limitation, projections for improvements in process and operations, new business opportunities, revenues and revenues growth, operating margin growth, cash flow, deliveries, launches, compliance with delivery schedules, performance against Company targets, new products, current and future markets for the Company products and other trend projections. This forward-looking information is based upon a number of assumptions including without limitation: Assumption regarding demand Current and future markets for the Company s products and services Internal performance including the ability to successfully integrate EADS activities to control costs and maintain quality Customer financing Customer, supplier and subcontractor performance or contract negotiations Favourable outcomes of certain pending sales campaigns Forward-looking statements are subject to uncertainty and actual future results and trends may differ materially depending on a variety of factors including without limitation: General economic and labour conditions, including in particular economic conditions in Europe and North America Legal, financial and governmental risk related to international transactions The cyclical nature of some of the Company s businesses Volatility of the market for certain products and services Product performance risks Collective bargaining labour disputes Factors that result in significant and prolonged disruption to air travel world-wide The outcome of political and legal processes, including uncertainty regarding government funding of certain programs Consolidation among competitors in the aerospace industry The cost of developing, and the commercial success of new products Exchange rate and interest rate spread fluctuations between the Euro and the U.S. dollar and other currencies Legal proceeding and other economic, political and technological risk and uncertainties The Company disclaims any intention or obligation to update these forward-looking statements. Consequently the Company is not responsible for any consequences from using any of the below statements. Additional information regarding these factors is contained in the Company s document de référence dated April 19,