Airbus - 2022 Universal Registration Document

2. Management’s Discussion and Analysis of Financial Condition and Results of Operations / 2.1 Operating and Financial Review

For 2021, revenues increased by 4.5%, from €49.9 billion for 2020 to €52.1 billion for 2021. The increase was mainly driven by Airbus, reflecting higher aircraft deliveries partly offset by an unfavourable foreign exchange impact.

Revenue by Geographical Areas

2022

2021

2020

(In € billion) (In percentage) (1)

(In € billion) (In percentage) (1)

(In € billion) (In percentage) (1)

Asia/Pacific

15.4

26.2% 16.0

30.6% 13.1

26.3%

24.3

41.3% 19.5

37.4% 20.3

40.7%

Europe

13.5

23.0% 10.5

20.2%

8.7

17.4%

North America

5.6

9.5%

6.1

11.8%

7.8

15.6%

Other countries (2)

Total

58.8

100% 52.1

100% 49.9

100%

(1) Percentage of total revenue after eliminations. (2) Including the Middle East.

Airbus The following table presents a breakdown of deliveries of commercial aircraft by product type for the past three years.

2022

2021

2020

(In units)

A220

53

50

38

516

483

446

A320 Family

32

18 (2)

19

A330

60 (1)

55

59

A350

0

5

4

A380

Total

661

611

566

(1) After a reduction of two aircraft previously recorded as sold in December 2021 for which a transfer was not possible due to international sanctions against Russia. (2) Two A330s delivered on operating lease.

Airbus’ revenues increased by 14.4%, from € 36.2 billion for 2021 to € 41.4 billion for 2022. This reflected higher aircraft deliveries of 661 aircraft (compared to 611 deliveries in 2021) and a positive foreign exchange impact.

For 2021, Airbus’ revenues increased by 5.6%, from € 34.3 billion for 2020 to € 36.2 billion for 2021. This reflected higher deliveries of 611 aircraft (compared to 566 deliveries in 2020), partly offset by an unfavourable foreign exchange impact.

Airbus Helicopters The following table presents a breakdown of deliveries of helicopters by product type for the past three years.

2022

2021

2020

(In units)

Light

167

159

123

123

121

126

Medium

54

58

50

Heavy

28

27

28

thereof NH90

0

0

1

Tiger

Total

344

338

300

Airbus Helicopters’ revenues amounted to €7.0 billion in 2022 (2021: € 6.5 billion). This increase reflected growth in services and a favourable mix in programmes.

Airbus Helicopters’ revenues amounted to €6.5 billion in 2021 (2020: € 6.3 billion). This increase reflected growth in services and higher deliveries of 338 units (2020: 300 units), including the first H160.

170

Airbus / Universal Registration Document 2022