INTERIM FINANCIAL REPORT

FIRST HALF-YEAR 2022

WE SHAPE THE FUTURE. WITH EXPERIENCE, A SPIRIT OF INNOVATION AND THE HIGHEST STANDARDS,

WE ARE SETTING OUT FOR NEW HORIZONS.

2 INTERIM REPORT HY1 2022 | MONTANA AEROSPACE AG

MONTANA AEROSPACE AG -

SELECTED KEY FIGURES

For the six months ended 30 June

2021

yoy change

(financial figures in M€)

2022

Net Sales

578.8

359.4

+228.4

EBITDA

28.6

16.2

+12.4

22.6

+11.3

Adjusted EBITDA

33.9

6.3%

-0.4%

Adjusted EBITDA margin (%)

5.9%

Operating Profit (EBIT)

-18.0

-18.5

+0.5

Result for the period

-26.5

-25.7

-0.8

Cash Flow from operating activities

-52.2

-21.8

-40.3

-54.3

-45.8

Cash Flow from investing activities

-100.1

413.6

-408.9

Cash Flow from financing activities

4.7

-76.1

-76.2

Free Cash Flow

-152.3

CAPEX spent

-38.8

-59.9

+21.1

265.2*

+190.3

Trade Working Capital

455.5

Equity Ratio (%)

43.9%

50.5%*

-6.6%

Net Debt (cash)

408.4

81.8*

+326.6

Total Assets

2,210.1

1,792.4*

+417.7

Employees

6,829

5,554*

+1,275

Contracted Sales

> 5,000

3,900 **

*

comparison period is 31 December 2021.

**

as of IPO in May 2021

3 INTERIM REPORT HY1 2022 | MONTANA AEROSPACE AG

"Our strategy is based on performance, which means securing competitiveness, improving efficiency and operational margins and also improving overall profitability. The strategic measures to guarantee attainment of these goals include continuing efforts to ensure operational excellence and the use of our performance management toolkit."

Kai Arndt,

Co-CEO

4 INTERIM REPORT HY1 2022 | MONTANA AEROSPACE AG

HIGHLIGHTS

HIGHLIGHTS -

FIRST HALF-YEAR 2022

  • Managing the impacts of the Ukrainian war, energy cost inflation, disrupted supply chains as well as logistical issues through our unique positioning as the one-stop-shop in the aerospace industry.
  • The new and highly experienced management team with Co-CEO ('Aerostructures') Kai Arndt, Co-CEO('E-Mobility' & 'Energy') and CFO Michael Pistauer and CHRO Silvia Buchinger are forming the Board since July and will keep the company on its growth path.
  • Successful takeover and start of integration of ASCO Industries, a world class supplier in design and manufacture of high lift structures, complex mechanical assemblies and major functional components in April 2022.
  • Successful acquisition of 100% of the shares of São Marco Industria y Comercio LTDA in Brazil, to co-createfurther innovative and sustainable solutions with our customers in the growing energy and e-mobilitymarkets.
  • For the serial production of aircraft components, we successfully commissioned and first tested our three newly established extrusion lines: a large diameter extrusion press, a titanium extrusion and a drawn tube.
  • Successful placement of promissory notes with a duration of up to five years and a volume of approximately EUR 80 million to further strengthen the group's financing of the growth over the next few years and replace the current short-term financing.
  • Fruitful first appearance of Montana Aerospace at the Farnborough Air Show 2022 in London, England and presentation of the one-stopshop concept to the international aircraft industry
    - besides customers, we met and welcomed investors and potential partners and suppliers at our booth.

5 INTERIM REPORT HY1 2022 | MONTANA AEROSPACE AG

Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Montana Aerospace AG published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 13:26:03 UTC.