Airbus - 2022 Universal Registration Document

1. Information on the Company’s Activities /

1.1 Presentation of the Company

01

Relationship between Airbus SE and the Company Airbus SE itself does not engage in the core aerospace, defence or space business of the Company but coordinates related businesses, sets and controls objectives and approves major decisions for the Company. As the parent company, Airbus SE conducts activities which are essential to the Company’s activities and which are an integral part of the overall management of the Company. In particular, finance activities pursued by Airbus SE are in support of the business activities and strategy of the Company. In connection therewith, Airbus SE provides or procures the provision of services to the subsidiaries of the Company. General management service agreements have been

with 100% SAF before the end of the decade. Airbus is also actively engaged within the broader SAF ecosystem through strategic partnerships and efforts that encourage various SAF production pathways (including from biomass feedstock, or power-to-liquid technologies, etc.) with the aim to foster the development of the SAF market. Hydrogen is another area of focus. In September 2020, Airbus revealed three different hydrogen-powered concept aircraft entitled “ZEROe”, and Airbus has engaged in a number of R&T projects and partnerships with the objective to bring a hydrogen-powered commercial aircraft to market in 2035. Success towards Airbus’ decarbonisation roadmap can only be possible with the consistent engagement of the whole aviation ecosystem, including energy players. As a result, Airbus strives to foster collaborative engagement and is in constant dialogue with key stakeholders including airlines, operators, energy producers, financiers, regulators, industry organisations, non-governmental organisations and others, and engages with these stakeholders at events such as the Airbus Capital Market Day, the Airbus Summit or the Airbus Supplier Sustainability Council (established in 2022). For further information, see “– 1.1.1 Overview – Strategy” and “– Non-Financial Information – 1.2.2 Climate change”. Aerospace is a major backbone of the global economy and a vital service to people and businesses. Airbus will continue to invest in its future in an evolving and highly competitive environment through the right combination of growth, profitability and resilience. Airbus intends to further strengthen the industrial set-up and industrial flow. The further transformation of the industrial value chain will ultimately improve quality, competitiveness, agility and sustainability of the entire ecosystem. The COVID-19 crisis and Russia's invasion of Ukraine both illustrate the imperative for Airbus to have strong and complementary businesses alongside commercial aviation within its portfolio to provide resilience in the face of uncertainty. put in place with the subsidiaries and services are invoiced on a cost plus basis. For management purposes, Airbus SE acts through its Board of Directors, Chief Executive Officer and Executive Committee in accordance with its corporate rules and procedures as described below under “– Corporate Governance – 4.1 Management and Control”. Within the framework defined by Airbus SE, Airbus, each Division, Business Unit and subsidiary is vested with full entrepreneurial responsibility.

1.1.2 Airbus (Commercial Aircraft)

Airbus is one of the world’s leading aircraft manufacturers of passenger and freighter aircraft and related services. In order to help shape the future of air transportation, Airbus seeks innovative technological solutions and the most efficient sourcing and manufacturing possible, so airlines can grow sustainably and people can connect. Airbus’ comprehensive product line comprises successful families of jetliners ranging in capacity from 100 to more than 400 seats: the A220 Family; the A320 Family including the latest advanced technology A320neo, which is civil aviation’s best-selling product line; the A330 Family, including the advanced A330neo, the latest generation widebody A350 and its freighter derivative the A350F. Across its aircraft families Airbus’ solutions ensure that aircraft share high commonality in airframes, on-board systems, cockpits and handling characteristics. This significantly reduces operating costs for airlines. See “– 1.1.1 Overview” for an introduction to Airbus. Airbus’ global presence includes activity in Europe (France, Germany, Spain and the UK), as well as in Canada, the US, China, Japan, India and in the Middle East. Airbus also has field service stations, spares, support and logistics centres as well as engineering centres worldwide. Airbus benefits from industrial co-operation and partnerships with major companies and an extensive network of suppliers around the world. Strategy Airbus’ purpose is to “pioneer sustainable aerospace for a safe and united world”. Airbus aims to keep its current commercial aircraft portfolio competitive through incremental improvements, while at the same time pioneering disruptive technologies. Airbus strives to find solutions that limit negative impact on the environment, and has set itself robust near-term science-based targets to reduce its greenhouse gas (“ GHG ”) emissions which were validated by the Science-Based Targets initiative (“ SBTi ”) in January 2023. The Company’s decarbonisation roadmap integrates complementary elements, including fleet renewal, alternative propulsion and fuels, and improvements to aircraft operations including air traffic management. Airbus believes that SAF will play a key role in reducing the environmental footprint of the aviation industry, as it can be used both for in-service fleets and in the flying fleets of tomorrow. Airbus has actively tested 100% SAF capabilities on aircraft including the A380, A350 and A321neo. The Company’s ambition is to have all its aircraft platforms capable of being operated

Market Market Drivers

In the long-term, the main factors affecting the commercial aircraft market include passenger demand for air travel, airline pricing policies and resulting yields, cargo activity, economic growth cycles, evolution of the cost of energy, national and international regulation, the rate of replacement and obsolescence of existing

35

Airbus / Universal Registration Document 2022