AIRBUS - 2020 Universal Registration Document

1. Information on the Company’s Activities /

1.1 Presentation of the Company

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Typhoon and Rafale as well as equipment of various fregates and corvettes with systems and ammunition.

Anti‑ship weapons for the two nations. Recent product upgrades also include the Aster Block 1 NT, the air & missile defence family of systems for France and Italy, the Sea Venom/ANL ( Anti- Navire Léger ) anti-ship missile for the UK and French navies’ helicopters and the portable medium range battlefield “Missile Moyenne Portée (MMP)”. Further activities include preparations for the ground based air defence system TLVS ( Taktisches Luftverteidigungssystem ) (based on MEADS ( Medium Extended Air Defence System )) for Germany jointly with Lockheed Martin, the production of various aircraft packages for Eurofighter

ArianeGroup Airbus Defence and Space is active in the field of launchers and launch services through its ArianeGroup joint venture, which prior to July 2017 was named Airbus Safran Launchers (ASL).

1.1.5 Investments

Dassault Aviation In 2013, the Company entered into an agreement with the French State pursuant to which the Company: – – grants the French State a right of first offer in case of the sale of all or part of its shareholding in Dassault Aviation; and – – commits to consult with the French State prior to making any decision at any shareholders’ meeting of Dassault Aviation.

The Company holds 9.90% of Dassault Aviation’s share capital and 6.12% of its voting rights. The Company has also issued a euro-denominated exchangeable bonds into Dassault Aviation shares, which will mature on 14 June 2021. For further information, please refer to “Notes to the IFRS Consolidated Financial Statements – Note 37.3: Financing Liabilities”.

1.1.6 Insurance

for Supervisory and Managing Board Members and certain other employees of the Company. The Company follows a policy of seeking to transfer the insurable risk of the Company to external insurance markets at reasonable rates, on customised and sufficient terms and limits as provided by the international insurance markets. The COVID-19 pandemic in 2020 had created a difficult global corporate insurance environment. Due to adverse risk portfolios and sustained losses in the past, the corporate insurers have already made significant changes in their underwriting strategy especially for large corporations, which has been amplified by the uncertainty of the Company’s COVID-19 risk resilience. This combination has created a more difficult corporate insurance market environment. The insurance industry and the COVID-19 impact on the Company’s risk remain unpredictable and most Group insurance policies are renewed on an annual basis. There may be further demands to change scope of coverage, premiums and deductible amounts. Thus, no assurance can be given that the Company will be able to maintain its current levels of coverage nor that the insurance policies in place are adequate to cover all significant risk exposure of the Company.

The Company’s Insurance Risk Management function (“ IRM ”) is established to proactively and efficiently respond to risks that can be treated by insurance techniques. IRM is responsible for all corporate insurance activities and related protection for the Company and is empowered to deal directly with the insurance and re-insurance markets via the Company’s inhouse broker entity. IRM’s continuous task in 2020 was to further implement and improve efficient and appropriate corporate and project- related insurance solutions. IRM’s mission includes the definition and implementation of the Company’s strategy for insurance risk management to help ensure that harmonised insurance policies and standards are in place for all insurable risks worldwide for the Company. A systematic review, monitoring and reporting procedure applicable to all Divisions is in place to assess the exposure and protection systems applicable to all the Company’s sites. The Company’s insurance programmes cover high risk exposures related to its assets and liabilities. Asset and liability insurance policies underwritten by IRM for the Company cover risks such as property damage, business interruption, cyber, aviation and non-aviation general and product liability. IRM also provides a Group insurance policy

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Airbus / Registration Document 2020