Meggitt : 2021 Interim Results (Slides)

Enabling the Extraordinary

To Fly To Power To Live

2021 HALF YEAR RESULTS

2 August 2021

presented by

Tony Wood, Chief Executive

Louisa Burdett, Chief Financial Officer

Agenda

• Highlights
• Half year financial results
• Recovery and outlook
• Summary
• Q&A

Meggitt proprietary and confidential. No unauthorised copying or disclosure.

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HIGHLIGHTS

Tony Wood

Chief Executive

Market dynamics in H1 2021

Recovery in civil aerospace continues

		Global flight activity
	10%	Active fleet	Global ASKs	35,000
	0%			30,000
2019	-10%
-20%			25,000

Civil OE

(18% of revenue)

Civil AM

(25% of revenue)

Defence

(44% of revenue)

Energy

(13% of revenue)

• Combined deliveries by Airbus and Boeing +70% in H1
• Regional jet and business deliveries +42% and -6%
• Large jet build rate increases announced
• Active fleet recovered to 74% at end of June 2021
• Progressive improvement in global ASKs
• Strong recovery in domestic, cargo and business jets
• US DoD, procurement and RDT&E outlays up 5%, 9% and 10% respectively
• DLA orders softer for aftermarket spares and repairs
• Proposed defence budget up 2% for FY22 at $715bn
• Continuing robust investment in LNG and renewables
• Global investment in clean energy and energy efficiency now over 40% of total energy investment1
• Recovery in oil price provides supportive backdrop for capital investment

ASK % var. to	-30%								20,000	Activefleet
-40%
-50%								15,000
-60%
							10,000
-70%
-80%								5,000
	-90%
	-100%								0

Strong recovery in business jets and domestic

	20%
2019to	0%
-20%
Var	-40%
-60%
%
	-80%
	-100%

All biz jet		Domestic China		Domestic US

5 1: International Energy Agency (2021), World Energy Investment 2021, IEA, Paris Meggitt proprietary and confidential. No unauthorised copying or disclosure.