Montana Aerospace AG · SIX:AERO
Montana Aerospace — Investor Presentation (September 2023)
31 slides from Montana Aerospace's investor presentation, September 2023
Slide 1: Company Presentation 2023
Company Presentation 2023
Slide 2: Montana Aerospace tops sales growth table 2022 as fastest growing Aerospace player
“Montana Aerospace tops sales growth table 2022 as fastest growing Aerospace player” - Flight International Top 100 Ranking, Aug/Sep. 2023 2
Slide 3: Highly Integrated Value Chain, Best-Cost-Country Footprint, Material Competence, Innovative Design
Highly Integrated Best-Cost-Country Value Chain Manufacturing Footprint High Material Innovative Product Design Competence backed by own IP 3
Slide 4: Transforming future markets through diverse and enduring material competence
Transforming future markets through diverse and enduring material competence Multi-material competence in composite, aluminum, titanium, copper and steel Aerostructures locations highly qualified engineering and worldwide Employees(1) development centers E-Mobility million in revenues years of exper
Slide 5: Representatives with profound and long-lasting experience
Representatives with profound and long-lasting experience Tom Williams Michael Tojner Michael Pistauer Kai Arndt Vicky Welvaert Co-Board President Co-Board President Co-CEO & CFO Co-CEO Group HRO Helmut Wieser Markus Vischer Member Member Silvia Buchinger Christian Hosp Member Member E-Mobility & En
Slide 6: Key events of the year
Received prestigious ASCO Industries is a Belgian company “Spirit Award” from Start of the new large-format specialized in high-lift mechanisms with Spirit AeroSystems in the extrusion line in Romania for production sites in Europe, the US and category “Supplier Innovation” aircraft components up to
Slide 7: To Take Off
TO TAKE OFF
Slide 8: Enabling full usage of group synergies
Enabling full usage of group synergies Aluminium Titanium Composite Steel Copper 8
Slide 9: E-mobility segment: lightweight components
Montana Aerospace focuses on sophisticated lightweight components for the e-mobility segment. Our customers rely on our expertise for the production of complex components and assemblies, such as crash management systems and battery boxes. ~13% ~5% >200.0 191.2 Battery Boxes Battery Housing Bracket C
Slide 10: Energy segment: system-critical components for energy infrastructure
We are market leader in the production of system-critical components for the energy infrastructure. Montana Aerospace specializes in copper processing and has strong expertise in copper refinement and insulation systems. ~7% >550.0 ~2% EBITDA-Margin ~3% 479.6 383.0 Continously Roebelbars Copper Roun
Slide 11: Aerostructures segment: partner for leading aircraft manufacturers
We are an important partner for leading aircraft manufacturers. Montana Aerospace‘s core competencies include the development and manufacturing of mission-critical aircraft parts. Our product portfolio ranges from structural components for fuselage, wings and landing gear – with more than 20 meters
Slide 12: Boeing 737 Max and A320 exposure
Note: Example of Boeing 737 Max and A320 exposure 12
Slide 13: Providing major cost-, time- and ESG-advantages
Providing major cost-, time- and ESG -advantages Raw Al/Ti Billet Surface Sub Final Material Machining OEM Smelter Casting Treatment Assembly Assembly Production Non-integrated Supplier 1 Supplier 2 Supplier 3 Supplier 4 Supplier 5 Tier 1 OEM A350 Ti Seat Track Margin Costs: share: 17,000 km 60-70 w
Slide 14: Exemplary customer list
9 Note: Exemplary list only 14
Slide 15: Serving an international customer base
Serving an international customer base ~1,400 ~4,200 ~1,200 Spirit Award 2022 Vancouver Stillwater Zaventem Gedern Reinach Menziken Ranshofen Da Baoying Nang Vadodara Canton Ball Ball Ground Ground Satu Mare Baia Mare Dumbravita Persan Oed Baoying Airbus Best Performer Award 2020 Clearwater / Cerqui
Slide 16: 16
16
Slide 17: Organic and M&A growth projects on track
Expansion of capacities and ramp-up of new capabilities ✓ (e.g. Titanium, Composite) Organic Projects Capacity expansion and efficiency on track improvements (e.g. 3rd Heavy Press) Strategic acquisitions M&A Projects Additional M&A targets ✓ on track to further consolidate supply chain 17
Slide 18: Three major exemplary growth investment projects in best-cost countries
Three major exemplary growth investment projects in best-cost countries EUR ~170m investment 2018-2023 EUR ~110m investment 2019-2023 EUR ~50m investment 2021-2023 ~700 employees as of Dec22 ~ 900 employees as of Dec22 ~30 employees as of Dec22 80,000m2 under roof 40,000m2 under roof 13,400m2 under
Slide 19: Greenfield investments
GLOBAL FOOTPRINT STRENGTHENED BY CAPEX PROJECTS A Greenfield investments
Slide 20: Organic and M&A growth projects on track
Expansion of capacities and ramp-up of new capabilities ✓ (e.g. Titanium, Composite) Organic Projects Capacity expansion and efficiency on track improvements (e.g. 3rd Heavy Press) Strategic acquisitions M&A Projects Additional M&A targets ✓ on track to further consolidate supply chain 20
Slide 21: Executing and delivering M&A transactions as promised
Executing and delivering M&A transactions as promised − Montana Aerospace − Montana Aerospace − Montana signs takeover of announces closing of Aerospace ASCO Industries – a takeover of ASCO divests majority leading supplier of industries share of Alpine high-end Metal Tech components and (AMT), its
Slide 22: Lis
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Slide 23: Massive >EUR 650m CAPEX program
Massive >EUR 650m CAPEX program Maintenance CAPEX forward looking only Contracted sales growth Win of market share (from low/single digit €m amount to >6bn) Globalization expansion & ramp-up Operative phase running – industrialization complete Talent & workforce expansion Utilizing global HR footpri
Slide 24: Financial overview 2022
in €m 2022 Note: (1) FCF = Free Cash Flow 24
Slide 25: Solid performance in all key performance indicators besides high Trade Working Capital
Solid performance in all key performance indicators besides high Trade Working Capital in €m ✓ ✓ ✓ ~ ✓ Notes: (1) The largest adjustments to EBITDA 2022 were the costs related to lawsuits (EUR 2.6 million), followed by merger and acquisition (M&A) and post-merger integration (PMI) expenses related t
Slide 26: Vigorous sales performance and increased adj. EBITDA across segments
Vigorous sales performance and profoundly increased adj. EBITDA across segments in €m in €m Note: (1) Segment adj. EBITDA not adjusted for reconciliations on a group level (intra-group interdependencies and facts that cannot be directly allocated to any segment), detailed list of reconciliation to b
Slide 27: H1 2023 segment results
in €m in €m Note: (1) Segment adj. EBITDA not adjusted for reconciliations on a group level (intra-group interdependencies and facts that cannot be directly allocated to any segment), detailed list of reconciliation to be found in H1 2023 report (page 24) 27
Slide 28: Medium-term targets
− EUR >1.5bn Net Sales − EUR 130-150M EBITDA − Positive Net Income − Positive Free Cash Flow − Strengthening Balance Sheet − Establishing more independent capital structure − Reducing debt level & financing ties with MTC AG 28
Slide 29: At 22 locations in 13 countries worldwide, we are proximate to our customers
At 22 locations in 13 countries worldwide, we are proximate to Product quality and innovation are based the materials know- our customers with fast response times, intelligent logistics how of our experts. This includes recycling know-how, advisory concepts, and cost-optimized solutions as part of o
Slide 30: Confidentiality and disclaimer
THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This
Slide 31: Company Presentation
Company Presentation June 2023
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