EADS

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Annual Review Financial Statements and
Corporate Governance
Business, Legal and
Corporate Responsibility
Contents
EADS at a glance 2005
EADS Group
Financial highlights 2005
Key indicators 2005
Owning EADS shares
EADS around the world
Messages
Letter from the
Chairmen of the Board
EADS investment proposition
Statement from the
Chief Executive Officers
Driving principles
Improvement
Internationalisation
Innovation
Business review
The world in
which we operate

Commercial aviation

Traffic growth

Defence and security

Space

Airbus
Military Transport Aircraft
Eurocopter
Defence & Security Systems
Space
Responsibilities
Human Resources
Corporate Social Responsibility

Corporate Social Responsibility

Economic performance

Diversity

Environmental matters

Management and
Corporate Governance
Organisational structure
Executive Committee
Corporate Governance
Corporate Details
Glossary
Addresses
Financial calendar 2006
IR Contact
Contents
Financial Policy
Risk Factors
Financial Market Risks

Exposure to Foreign Currencies

Exposure to Sales Financing Risk

Counterparty Credit Risk

Exposure on Equity Investment Portfolio

Business-Related Risks
Legal Risks
Industrial and Environmental Risks
Net Assets - Financial Position - Results
Contents
Management's Discussion and Analysis of Financial Condition and Results of Operations

Certain Information

Overview

Critical Accounting Considerations, Policies and Estimates

Scope of and Changes in Consolidation Perimeter

Fair Value Adjustments

Impairment of Assets

Research and Development Expenses

Accounting for Hedged Foreign Exchange Transactions in the Financial Statements

Accounting for Foreign Currency Denominated Operations in the Financial Statements

Accounting for Sales Financing Transactions in the Financial Statements

Measurement of Management´s Performance

Order Backlog

Use of EBIT

EBIT Performance by Division

EADS Results of Operations

IFRS consolidated statements of income

Consolidated Revenues

Detailed Explaination of IFRS consolidated statements of income

Statement of Changes in Consolidated Total Equity (including Minority Interests)

Liquidity and Capital Resources

Introduction

Cash Flow

Consolidated Cash and Cash Equivalents

Consolidated Financial Liabilities

Sales Financing

Hedging Activities

Foreign Exchange Rates

Interest Rates

Financial Statements

Contents

Consolidated Financial Statements (IFRS)

Consolidated Income Statements (IFRS)

Consolidated Balance Sheets (IFRS)

Consolidated Statements of Cash Flows (IFRS)

Consolidated Statements of Changes in Equity (IFRS)

Notes

Appendix - Consolidation Scope (IFRS)

Auditors’ Report (IFRS)

Company Financial Statements

Balance Sheet of the Company Financial Statements

Income Statement of the Company Financial Statements

Notes

Supplementary Information

Statutory Auditors´ Fees
Information Regarding the Statutory Auditors
Corporate Governance
Contents
Introduction
Management and Control

Board of Directors, Chairmen and Chief Executive Officers

Notes

Audit Committee

Remuneration and Nomination Committee

Executive Committee

Internal Control and Risk Management Systems

Overview

Risk Management System

Internal Control Framework

Business Processes Covered by Internal Control Framework

Outlook for Evolution of EADS´ IC and RM Systems

Interests of Directors and Principal Executive Officers

Compensation Granted to Directors and Principal Executive Officers

Options Granted to the Two Chief Executive Officers

Related Party Transactions

Loans and Guarantees Granted to Directors

Employee Profit Sharing and Incentive Plans

Employee Profit Sharing and Incentive Agreements

Employee Share Offering

Options Granted to Employees

Outlook
2006 Financial Outlook
2006 Calendar of Financial Communication
Contents
Information on EADS Activities
Contents
Presentation of the EADS Group

Overview

2005 Highlights

Strategy

Organisation of EADS Businesses

Summary Financial and Operating Data

Relationship Between EADS N.V. and the Group

Airbus

Introduction and Overview

Strategy

Market

Customers

Organisation of Airbus

Products and Services

Production

Military Transport Aircraft

Introduction and Overview

Strategy

Market

Products

Eurocopter

Introduction and Overview

Strategy

Market

Products and Services

Customer Support

Customers and Marketing

Production

Defence & Security Systems

Introduction and Overview

2005 Highlights for the DS Division

Strategy

Defence and Communications Systems (DCS)

Defence Electronics (DE)

Military Air Systems

Missile Systems

Services Activities

Space

Introduction and Overview

Strategy

Satellites – EADS Astrium

Orbital Infrastructure / Launchers and Launch Services – EADS-ST

Space Services – EADS SPACE Services

Other Businesses

Regional Aircraft — ATR

General Aviation

Global Support Solutions

Aircraft Conversion and Floor Panels

Investments

Insurance

Legal and Arbitration Proceedings

Incorporation by Reference

Recent Developments
Corporate Social Responsibility
Contents
Introduction

Introduction

EADS CSR policies

EADS Code of Ethics

Business Ethics

Proper Business Practices

Compliance with Law Regarding all EADS’ Activities

Corporate Governance Standards

Sustainable Growth

Product Quality and Customer Satisfaction

Sustaining and Protecting Innovation

Supplier Management: Fostering a Mutually Beneficial Relationship with EADS’ Suppliers

Environmental Care

Policy

Organisation

Performance and Best Practices

Human Resources: Employer – Employee Relationship

Workforce Information and Organisation of Work

Human Resources Organisation

Human Resources Policies and performances

Health and Safety: Providing a Safe Workplace for EADS Employees and Subcontractors

Caring for EADS Employees and EADS Know How Policy

Diversity: Commitment to Ensure Equal Opportunity for all EADS Employees

Career Development: Efficient Management of Skills and Know-How

Employee Relations: A Proactive Dialogue

Corporate Citizenship

Maintaining an Open Dialogue with EADS’ Stakeholders

Encompassing Community Interests in EADS’ Global Strategy

General Description of the Company and its Share Capital
Contents
General Description of the Company

Commercial and Corporate Names, Seat and Registered Office
Legal Form

Governing Law — Dutch Regulations

Date of Incorporation and Duration of the Company
Objects of the Company
Commercial and Companies Registry
Inspection of Corporate Documents
Financial Year
Allocation and Distribution of Income

General Meetings

Disclosure of Holdings

Mandatory Tender Offers

General Description of the Share Capital

Modification of Share Capital or Rights Attaching to the Shares

Issued Share Capital

Authorised Share Capital

Securities Granting Access to the Company’s Capital

Changes in the Issued Share Capital Since Incorporation of the Company

Shareholdings and Voting Rights

Shareholding Structure

Relationships with Principal Shareholders

Relationships with Principal Shareholders

Transfer of EADS Shares

Control of EADS

Change of Control

Events of Default Other Than Change of Control

Specific Rights and Undertakings of the French State

SOGEADE

DADC

Form of Shares

Changes in the Shareholding of the Company Since its Incorporation

Persons Exercising Control over the Company

Simplified Group Structure Chart

Purchase by the Company of its Own Shares

Dutch Law and Information on Share Buy-Back Programmes

French Regulations

German Regulations

Spanish Regulations

Description of the Share Buy-Back Programme to be Authorised by the Annual General Shareholders’ Meeting to be held on 4th May 2006

Dividends

Dividends and Cash Distributions Paid Since the Incorporation of the Company

Dividend Policy of EADS

Unclaimed Dividends

Taxation

Annual Securities Disclosure Report
Entity Responsible for the Registration Document