AIRBUS - 2019 Financial Statements

2.6 Employees Costs and Benefits Notes to the IFRS Consolidated Financial Statements /

Performance Units granted to Executive Committee Members until 31 December 2015 are summarised below:

LTIP 2014

LTIP 2015

Total number of units granted

159,448

189,476

Number of cash-settled units

117,816

143,217

Number of equity-settled units

41,632

46,259

Date of conversion

28 February 2015

28 February 2016

Share price at date of conversion

€ 55.33

€ 59.78

Termination Benefits The following benefits apply to Executive Committee Members, except the CEO. In the case of contract termination, the Executive Committee Members are entitled to an indemnity equal to 1.5 times the Total Target Remuneration (defined as Base Salary and target Annual Variable Remuneration) with respect to applicable local legal requirements, if any. This will not apply if the Executive Committee mandate is terminated for cause, in case of dismissal, if the Executive Committee Member resigns or has reached retirement age. The Executive Committee Members’ contract includes a non- compete clause which applies for a minimum of one year and can be extended at the Company’s initiative for a further year. The Board of Directors has the discretion to waive or invoke the extension of the non-compete clause when legally or contractually possible. The compensation for each year that the non-compete clause applies is equal to 50% of the last

Total Annual Remuneration (defined as Base Salary and Annual Variable Remuneration most recently paid) with respect to applicable local legal requirements, if any. Past LTIP awards may be maintained in full or prorated, in such cases as in case of retirement or if a mandate is not renewed by the Company without cause, prorata being based on the presence in the Company during performance periods. The vesting of past LTIP awards follows the plans’ rules and regulations and is not accelerated in any case. LTIP awards are forfeited for Executives who leave the Company on their own initiative, but this is subject to review by the Board of Directors. The termination benefits include assumptions about all effective, known or planned terminations to date. Other Benefits Other benefits include expenses for Executive Committee Members’ medical, death and disability coverage, company car and other usual facilities as applicable.

33.2 Remuneration – CEO The total remuneration of the CEO and Executive Member of the Board of Directors, related to the reporting periods 2019 and 2018, consists in the aggregation of (i) the remuneration of the former CEO in 2018 and up to 10 April 2019, date of the 2019 Annual General Meeting, and (ii) the remuneration of the current CEO between the 10 April 2019 and the end of 2019. It can be summarised as follows:

2

2019

2018

(In €)

Base salary (1)

1,392,045

1,500,000

1,436,250

2,167,500

Annual variable pay

(2,694,448)

1,136,706

Post-employment benefit costs

1,627,061

1,203,767

Share-based remuneration (“LTIP award”) (2)

0

302,256

Termination benefits

54,423

61,144

Other benefits

797,766

12,205

Social charges (3)

(1) For 2019, the base salary is composed of the prorated base salary paid to the former CEO (€ 420,455) and to the current CEO (€971,591). (2) Expense related to share-based payment plans as recognised in the annual period (service period) including the result from the hedge of cash-settled share-based payment (see “– Note 32: Share-Based Payment”). (3) Social charges depends on the applicable regulation to the CEO. In France, social charges comprise benefits accrued through mandatory collective and state plans such as pension, death and disability or medical coverage.

The following comments relate only to the current CEO. Because his mandate started on 10 April 2019, no comparison with previous year is relevant.

Annual Variable Pay The annual variable pay is based on estimated performance achievement as of the balance sheet date and the difference between the previous year’s estimation and actual pay-out in the current year.

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Airbus / Financial Statements 2019