Financial Statements 2021

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

The lifetime of the Performance Units as well as Performance Shares is contractually fixed (see the description of the respective tranche in the following table). For the units, the measurement is

next to other market data, mainly affected by the share price as of the end of the reporting period (€112.36 as of 31 December 2021) and the lifetime of the units.

The fair value of units and shares granted in the frame of the LTIP 2021 plan is as follows:

Expected vesting date (In € per unit / share granted) May 2025 - Performance Shares

Fair value of Performance Shares

89.83

The principal characteristics of the LTIPs as at 31 December 2021 are summarised below:

LTIP 2016 (7)

LTIP 2017 (8)

LTIP 2018 (9)

LTIP 2019

LTIP 2020

LTIP 2021

Grant date (1)

25 October 2016 30 October 2017 30 October 2018 29 October 2019 28 October 2020 15 December 2021 Performance Units and Performance Shares Plan

Units

Units

Shares

Units

Shares

Units

Shares

Units

Shares

Units

Shares

Shares

Number of units granted (2) Fair value at grant date (3) Fair Value of Performance Units as of 31 December 2021 (3) Number of units / shares granted through Equity Pool (4) Number of units outstanding (5)

615,792 621,198 421,638 425,702 278,376 281,181 247,508 247,508 420,004 420,004

520,870

45.13/44.71 45.15 74.83/71.69 76.76 84.09/83.28 85.01 112.83/108.44 112.92 51.04/46.98 55.49

89.83

85.88

-

88.76/85.41 -

87.10/84.17 -

84.64/81.41 -

75.49/72.50 -

-

1,762 1,762 1,898 1,898 6,964 6,964

4,343

4,252 1,224 1,224

837

0

0

97,902

0

133,691 134,976 239,782 239,691 413,789 413,789

521,707

Total number of eligible beneficiaries

1,671

1,601

1,626

1,576

1,602

1,770

The Performance and Restricted Units and Performance Shares will vest if the participant is still employed by a company of the Company at the respective vesting dates. Performance Units and Shares will vest upon achievement of mid-term business performance. Vesting schedule is made up of two payments over two years.

Vesting conditions

2

Share price per unit limited at vesting dates to (6)

€105.34

-

€147.62

-

€213.88

-

€244.12

-

€136.08

-

-

50% in May 2020 and 50% expected in May 2021

50% each expected: in June 2021 in June 2022

50% each expected: in June 2022 in June 2023

50% each expected: in June 2023 in June 2024

50% each expected: in June 2024 in June 2025

100% expected in May 2022

100% expected in May 2023

100% expected in May 2024

100% expected in May 2025

100% in June 2020

100% in May 2021

Vesting dates Number of vested units

422,866 429,531 96,911 194,975

0

0

0

0

0

0

0

(1) Date, when the vesting conditions were determined. (2) Based on 100% target performance achievement. A minimum of 50% of Performance Units will vest; 100% in case of on-target performance achievement; up to a maximum of 150% in case of overachievement of performance criteria. In case of absolute negative results (cumulative EBIT of the Company) during the performance period, the Board of Directors can decide to review the vesting of the Performance Units including the 50% portion which is not subject to performance conditions (additional vesting condition). (3) Values are provided for units corresponding per vesting date. (4) Mirroring the respective plan rules and regulations, but granted at a different date based on specific Board of Directors’ resolutions. (5) Including shares granted through the Equity Pool, if applicable. (6) Corresponds to 200% of the respective reference share price. Overall, the pay-out for Performance Units is limited to a total amount of 250% of the units originally granted, each valued with the respective reference share price of €52.67 (for LTIP 2016), €73.81 (for LTIP 2017), €106.94 (for LTIP 2018), €122.06 (for LTIP 2019) and €68.04 (for LTIP 2020).

(7) Based on performance achievement of 75% for Performance Units under LTIP 2016. (8) Based on performance achievement of 50% for Performance Units under LTIP 2017. (9) Based on performance achievement of 50% for Performance Units under LTIP 2018.

Additionally, the Board of Directors approved in 2021 the exceptional grant of 1,354 Restricted & Performance Units and 10,725 Restricted & Performance Shares under the Equity Pool with an average fair value of €102.87. 2,017 Units and 3,758 Shares have vested in 2021. As of 31 December 2021, the number of units outstanding is 6,086 Units and 13,247 Shares.

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Airbus / Financial Statements 2021