Airbus 2015 Annual Report Download - page 97

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 65 l
Management’sDiscussion andAnalysisofFinancial Condition andResultsofOperations
Registration Document 2015
2.
2.1 Operating and Financial Review
CONSOLIDATED BACKLOG FOR THE YEARS ENDED 31DECEMBER 2015, 2014 AND 2013(1)
Year ended 31December 2015 Year ended 31December 2014 Year ended 31December 2013
Amount in €bn In percentage(2) Amount in €bn In percentage(2) Amount in €bn In percentage(2)
Airbus(3) 952.4 94.6% 803.6 93.6% 625.6 91.8%
Airbus Helicopters 11.8 1.2% 12.2 1.4% 12.4 1.8%
Airbus Defence andSpace 42.9 4.2% 4 3.1 5.0% 43.2 6.4%
Total Divisional backlog 1,0 07.1 100% 858.9 100% 681.2 100%
Other/ HQ/ Consolidation (1.2) (1.4) (0.6)
Total 1,005.9 857.5 680.6
(1) Without options.
(2) Before “Other/ HQ/ Consolidation”.
(3) Based on catalogue prices for commercial aircraft activities.
2015 compared to 2014. The € 148.4billion increase in the
order backlog from 2014, to € 1,005.9billion, primarily reflects
the Group’s strong order intake in 2015 (€ 159billion), which
significantly exceeded the revenues accounted for in the same
year (€ 64.5billion). Additionally, the stronger US dollar spot rate
used for conversion of the non‑hedged portion of the backlog
into euro at year end (€‑US$ 1.09 as compared to €‑US$ 1.21
at the end of 2014) had a positive impact on order backlog of
approximately € +56billion.
Airbus’ backlog increased by € 148.8billion from 2014, to
€ 952.4billion, primarily reflecting a book‑to‑bill ratio of more
than one (calculated using units of new net orders). Order intake
consisted of 1,080 net orders in 2015 (as compared to 1,456
in 2014), driven mainly by the A320 Family, which received 945
net firm orders (887 A320neo and 58 A320ceo). Total order
backlog at Airbus amounted to 6,831aircraft at the end of 2015
(ascompared to 6,386aircraft at the end of 2014).
Airbus Helicopters’ backlog decreased by € ‑0.4billion from
2014, to € 11.8billion, reflecting a book‑to‑bill ratio of less than
one with new net orders of € 6.2billion. After 50 governmental
helicopter cancellations, Airbus Helicopters received 333 net
orders in 2015 (as compared to 369 in 2014). Total order backlog
amounted to 831helicopters at the end of 2015 (as compared
to 893helicopters at the end of 2014).
Airbus Defence andSpace’s backlog was broadly stable at
€ 42.9billion in 2015 including a book‑to‑bill ratio of more than
one with new net orders of € 14.4billion. The order intake includes
14 additional orders on A330 MRTT and 5 telecommunications
satellites. During the year, an agreement was also signed with
OneWeb for 900 small telecommunications satellites.
2014 compared to 2013. The € 176.9billion increase in the
order backlog from 2013, to € 857.5billion, primarily reflects
the Group’s strong order intake in 2014 (€ 166.4billion), which
significantly exceeded the revenues accounted for in the same
year (€ 60.7billion). Additionally, the stronger US dollar spot rate
used for conversion of the non‑hedged portion of the backlog
into euro at year end (€‑US$ 1.21 as compared to €‑US$ 1.38
at the end of 2013) had a positive impact on order backlog of
approximately € +86billion.
Airbus’ backlog increased by € 178 billion from 2013, to
€ 803.6billion, primarily reflecting a book‑to‑bill ratio of more
than two (calculated using units of new net orders). Order intake
consisted of 1,456 net orders in 2014 (as compared to 1,503 in
2013), driven mainly by the A320 Family, which received 1,321
net firm orders (1,011 A320neo and 310 A320ceo). Total order
backlog at Airbus amounted to 6,386aircraft at the end of 2014
(ascompared to 5,559aircraft at the end of 2013).
Airbus Helicopters’ backlog decreased by € ‑0.2billion from
2013, to € 12.2billion, reflecting a book‑to‑bill ratio of less than
one with new net orders of € 5.5billion. Order intake consisted
of 369 net orders in 2014 (as compared to 422 in 2013), driven
by orders for commercial helicopters. Total order backlog
amounted to 893helicopters at the end of 2014 (as compared
to 995helicopters at the end of 2013).
Airbus Defence andSpace’s backlog decreased by € ‑0.1billion
from 2013, to € 43.1billion, reflecting a book‑to‑bill ratio of less
than one with new net orders of € 12.2billion. Space Systems
achieved a book‑to‑bill ratio above 1 with a major development
contract in Defence, key export orders in Earth Observation,
Navigation and Science and 4 telecommunications satellites
(as compared to 3 in 2013). Furthermore, 28 net orders were
booked in the Light & Medium segment (as compared to 10
in 2013). One order was booked for the A330 MRTT for a new
customer, France (compared to 7aircraft in 2013).
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015
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