Financial Statements 2023

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

32.2 ESOP

In 2023, the Board of Directors approved a new ESOP scheme, like in 2022. Eligible employees were able to purchase a fixed number of previously unissued shares at fair market value (5, 10, 15, 30, 60 or 100 shares in 2023 and 2022). The Company matched each fixed number of shares with a number of the Company free shares based on a determined ratio (5, 9, 12, 20, 35 and 55 free shares, respectively in 2023 and 2022). During a custody period of at least one year, employees are restricted from selling the shares, but have the right to receive all dividends paid. Employees who directly purchased the Airbus SE shares have, in addition, the ability to vote at the Annual Shareholder Meetings. The subscription price was equal to the closing price at the Paris stock exchange on

15 February 2023 (2022: 16 March 2022) and amounted to €119.06 (2022: €106.82). Investing through a mutual fund led to a price which corresponds to the average price at the Paris stock exchange during the 20 trading days immediately preceding 15 February 2023 (2022: 16 February 2022), resulting in a price of €116.68 (2022: €114.01). In 2023, the Company issued and sold 1,314,184 ordinary shares (2022: 1,296,252) with a nominal value of €1.00 each. In 2023, the Company issued and distributed 876,419 matching ordinary shares (2022: 824,793) with a nominal value of €1.00 each. Compensation expense (excluding social security contributions) of €118 million (2022: €82 million) was recognised in connection with ESOP in 2023.

33.

Remuneration

33.1 Remuneration – Executive Committee The Company’s key management personnel consists of Members of the Executive Committee and Non ‑ Executive Board Members. The Chief Executive Officer (“CEO”), who chairs the Executive Committee, is the sole Executive Board Member. The annual remuneration and related compensation costs of the key management personnel as expensed in the respective year can be summarised as follows:

2023

(In € million)

2022

Executive Committee, including Executive Board Member

Salaries and other short ‑ term benefits (including bonuses)

18.3

19.4

Post ‑ employment benefit costs

2.4

4.0

Share ‑ based remuneration (“LTIP award”, including associated hedge result)

9.5

4.1

Termination benefits

0

0

Other benefits

0.3

0.3

(1)

Social charges

5.7

6.0

Non ‑ Executive Board Members Short ‑ term benefits (including social charges)

3.1

2.3

Total expense recognised

39.3

36.1

Costs of benefits provided through applicable mandatory collective and social security plans are accounted for among social charges. (1)

Salaries and Other Short ‑ Term Benefits (Including Bonuses) The amount of bonuses is based on estimated performance achievement as at the balance sheet date and difference between previous year estimation and actual pay ‑ out in the current year. Outstanding short ‑ term benefits (bonuses) at year ‑ end 2023 for Executive Committee Members based on estimated performance achievement at year ‑ end was €9.5 million (2022: €10.2 million). In order to support the Company’s target of reducing its Scope 1 and 2 carbon emissions by 63% by 2030, the Board of Directors decided to translate this ambition into a concrete objective and include the CO reduction target in the collective variable remuneration of the CEO and all executives. 2

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Airbus

Financial Statements 2023