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Half-yearly Report 2021

Half-yearly Report 2021 BAE Systems Half-yearly Report 2021 1 BAE Systems plc Half-yearly Report 2021 Results in brief Financial performance measures as defined by the Group1 Financial performance measures derived from IFRS2 Six months ended 30 June 2021 Six months ended 30 June 2020 Year ended 31 December 2020 Six months ended 30 June 2021 Six months ended 30 June 2020 Year ended 31 December 2020 Sales 10,035m 9,871m 20,862m Revenue 9,339m 9,180m 19,277m Underlying EBIT3 1,028m 849m 2,037m Operating profit 1,303m 808m 1,930m Underlying earnings per share3 Basic earnings per share exclu

basis. During 2020 the Group determined that Free cash flow was its key performance measure for utilisation of cash at a Group level. The Group continues to use Operating business cash flow as its key segment measure, to monitor operational cash generation. 4. Interim dividends declared (see note 7).

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