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Global Investor Forum 2008

A400MCarlos SuarezCEOMTAD & Airbus Military

Tom WilliamsExecutive Vice-President ProgrammesAirbus

Seville, 17th / 18th January 2008

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The Company disclaims any intention or obligation to update these forward-looking statements. Consequently the Company isnot responsible for any consequences from using any of the below statements.

Certain of the statements contained in this document are not historical facts but rather are statements of future expectations and otherforward-looking statements that are based on management‘s beliefs. These statements reflect the Company‘s views and assumptionsas of the date of the statements and involve known and unknown risk and uncertainties that could cause actual results, performance orevents 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” areintended to identify forward-looking statements. Such forward-looking statements include, without limitation, projections forimprovements in process and operations, new business opportunities, revenues and revenues growth, operating margin growth, cashflow, deliveries, launches, compliance with delivery schedules, performance against Company targets, new products, current andfuture 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 varietyof 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, and programme development and management 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

Additional information regarding these factors is contained in the Company‘s “registration document” dated 25th April 2007

Safe Harbor Statement

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Background

• Long lasting sales campaign dating from FLA.• Launch date came out at the worst point for Airbus.• Lack of non specific design activity in previous Airbus

partners. • Multi mission role leads to a complex set of requirements.• Lack of experience in Airbus for High Wing, “T” tail, turbo

prop aircraft and military qualification.• Strong pressure from Nations to adopt the EPI engine as

opposed to the cheaper and less risky PW solution for the most powerful engine propeller combination ever developed.

• Fixed Price Contract (“Commercial Approach”) with unbalanced Risk taking.

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Programme execution

• Complex work share• Still using the NatCo based development teams.• Better integration of design tools and PDM.• Significant early changes in aircraft configuration.• IFA represents a major stretch for the local team (a mini

FAL), they were not sufficiently supported by the Airbus organisation.

• EPI not organised as a proper programme management organisation.

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Key challenges for 2008

• Recover the engine delays.

• Manage the outstanding work (particularly the cargo handling system, …).

• React to the issues coming from first flight.

• Manage the military equipment development.

• Manage the ramp up.

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Supporting actions

• New leadership for the programme.

• New programme organisation in EPI. Audit launched with EPI.

• Stronger support at Bremen through the new integrated CoE fuselage.

• High level focus through weekly reviews with CEO.

• Stronger coordination between Airbus, MTAD (Airbus Military) and DS

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TP400-D6 Engine Development Milestones

TODAY’S

STATUS

CONTRACTUAL DATE

30 Oct. 2007

N.A.

30 Oct. 2007

30 Jan. 2007

30 Jun. 2007

30 Nov. 2006

30 Dec. 2005

30 Aug. 2005

July 2008TP400 Engine First Flight Clearance

Oct. 2008 TP400 Certification Std. Engine Delivery (HPC redesign)

19 Nov. 2007 Engine Delivery for Flight Test Bed

April 2008Flight Test Bed First Flight

Mar. 2009TP400 Engine Certification

Feb. 2008Engine Delivery or First A400M Test Aircraft

23 Feb. 2006First Engine & Propeller Test

28 Oct. 2005First Engine Test

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0

500

1000

1500

2000

2500

3000

3500

4000

4500

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RU

NN

ING

HR

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ETPv03 (2-09-2005)ETP06.01(September 2007)

ACTUAL (7-01-2008)

ETP06.01 FTB Flight Clearance

ETP06.01 Initial Flight Clearance

ETP06.01

ETP03

ETP Status: Running Hours

684:58 hr

Engine Contract Milestone (M8) 1150 hours

• Approx. 1200hr are needed to build up maturity confidence before First Flight

• Current Flight Test Engine Standard will impose Flight Limitations and some test need to be repeated when final Engine Standard available (HPC redesign)

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First Flight Schedule

July August September October November December January February March April May June July August20082007

St50

St 60 Outstanding Work St 40 SGT

Outstanding Work & St 35

St 30

St 20

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FlightLineSt 25

St 72 St 70

45a

Empennage Join-up

Fuselage Join-up A/C Integration & Equipping

45b

Engine equipping

Software reloading

Weighing

Wing Join-up Wing Equipping & Test

Ready for First Flight

Ready for First Flight

Indoor Ground Tests

Outdoor Ground Tests

Painting

Software Loading

GT

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IOC Flight Testing

And EIS

SOC Flight Testing

Impact to EIS

Contract

Qtr 1

2008 2009 2010 2011

FF IOC/EIS SOC

IOC/EISFF

MSN1

2m

SOC Flight Test

6 months delay

6 months delay

Engine clearanceOSW completion

Systems Integration

Engine unknownsSystems development

Unknowns form Flight test

MMC/GADIRS/FMSintegration

Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4

SOC

6 m risk to SOC

MMC/GADIRS/FMS integrationCHS/ADS development

Military Qualification

IOC Flight Test

6 m risk to IOC/EIS

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A400M Programme Organisation

Sub-Contracts

Third PartiesEngine

ManufacturerEngine

Manufacturer

PropellerManufacturer

PropellerManufacturer

...

ShareholderAgreements

Shareholders

IndustrialAgreements

Partners

LaunchContract

OCCAR

Organisation for JointArmaments cooperation

---------------Organisme Conjoint de Coopération

en matière d'Armement

MoU

N

A

T

I

O

N

S

Development

Management

Contract

MTAD

MTAD

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A400M Rapid Response: Logistic and Tactical

Tactical Capability

Logistic Capability: Payload / Range

… fills the logistic/tactical gap

Tactical Transports

C-130

Strategic AirliftersAn-124, C-17

A400M

… complements C-17 capability

… affordable

Proprietary Information

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An impressive Market Segment3130 Medium size transports in service, in storage and on order, early 2007

1630 C-130177 C-160

520 An-12 800 IL-76/78

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Market Requirement for A400M type transports

Europe

North America

Latin AmericaAfric

a

Middle EastAsia

Australasia

CIS+China

plus Deliveries to current A400M Customers (192 a/c)

050

100150200250300350400450

~1100 aircraft in 60 countries up to 2025

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Capacity Requirement A400M type transports

North America

~400

CIS, China ~320

Customers192

Export Potential:400 aircraft in56 countries

~ 1300 Deliveries 2006 – 2025+

New demand plus replacements translate into a worldwide need for some1300 deliveries of A400M type aircraft

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Export Potential : 400 aircraft in 56 countries

0102030405060708090

Asiaexcluding Current Customers, North America, CIS, China

Middle

East

Africa

Latin A

merica

Europe

Austra

lasia

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A400M Delivery Potential ~ 400 aircraft

North America

~400

CIS, China ~320

Customers192

Export Potential:400 aircraft in56 countries

Export Potential200

Other Transactions200

A400M Delivery Potential to Customer and Export Nations:

~ 400

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Strong Market Prospects

• A400M marketing efforts have achieved 192 orders before first flight.

• There is a strong market interest in the aircraft which will strengthen as soon as the first aircraft starts flying.

• Even assuming conservative assumptions the A400M should achieve 400 sales.

• HOWEVER this assumes no penetration into the USAF which represents a further 400 units requirement.

• Just half of this US market would enable the currently planned production rate (~30 aircraft/year) to be maintained for >15years

EADS is convinced that their confidence in the A400M programme will be vindicated.

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A400M Operational Capabilities

Notwithstanding the immediate challenges ahead the A400M will meet the demanding requirements of both operational and humanitarian missions because:

. . . capabilities which put the A400M into a class of its own.

• A400M provides true Logistic (Inter-Theatre) Airlift:

• High Cruise Speed, Long Range, Outsize Load Capacity

• A400M is a better Tactical Airlifter than current fleets:

• Greater Manouvrability…Softer Field Capability…Better Self-Protection

• A400M has a built-in Air-to-Air Refuelling capability:• Fast / high enough for fast-jets…plus slow / low enough for helicopters

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FAL A400M Visit Introduction

Today!!