Montana Aerospace Ag · SIX:AERO
Montana Aerospace — Investor Presentation (January 2024)
25 slides from Montana Aerospace's investor presentation, January 2024
Slide 1: Montana Aerospace
A MONTANA AEROSP
Slide 2: 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 3: 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 3
Slide 4: We are mission-critical in all three segments
WE ARE MISSION-GRITICAL IN ALL THREE SEGMENTS: AEROSTRUCTURES “MISSION-CRITICAL AEROSTRUCTURES FOR EVERY AIRCRAFT IN THE SKY” E-MOBILITY “LIGHTWEIGHT E-MOBILITY SOLUTIONS TO ENABLE THE MOBILITY REVOLUTION" ENERGY “POWERING GREEN INNOVATION TO DRIVE THE ENERGY TRANSITION”
Slide 5: E-Mobility segment: lightweight components
Montana Aerospace focuses on sophisticated lightweight components for the e-mobility segment. Our customers rely on our expertise to produce complex components and assemblies, such as crash management systems and battery boxes. ~13% Battery Boxes Battery Housing Bracket CMS ~5% ~200 >200 EBITDA-marg
Slide 6: Energy segment: system-critical components for energy infrastructure
We are market leader in the production of system-critical components for the energy infrastructure, such as generation & transmission sites, and gain track in electrical motors. Montana Aerospace specializes in copper processing and has strong expertise in copper refinement and insulation systems. ~
Slide 7: Aerostructures: 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 8: Example of Boeing 737 MAX and A320 exposure
Note: Example of Boeing 737 Max and A320 exposure 8
Slide 9: Contracted shipset value of ~€7.5 billion
Narrowbody Military (Transportation) Narrowbody Widebody A400M 737 MAX 777/777X A220 A320 787 A321 = Contracted shipset value x 747 Duration of contract Widebody ~€ 3.9 billion 2021 ~€7.5 billion (most of contracts single A330 per eo 2023 source/exclusive supplier) x MAAG build rate assumptions 767
Slide 10: 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 11: Exemplary customer list
9 Note: Exemplary list only 11
Slide 12: 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 13: 13
13
Slide 14: Expansion of capacities and M&A 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 14
Slide 15: Three major 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 16: Global footprint strengthened by capex projects
GLOBAL FOOTPRINT STRENGTHENED BY CAPEX PROJECTS A Greenfield investments
Slide 17: Expansion of capacities and M&A 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: 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 19: Lud &
me | Lud & in if | > Pre Lot) Law << Lid ioc =|=> —_— LLJ => =j
Slide 20: Transition from growth investment to cash generation
Global growth, ramp-up & win of market share 1 Positive free cash flow Accretive acquisitions + M&A activity 2 Positive net income Massive >EUR 650m CAPEX program 3 Substantial CAPEX reduction High TWC to overcome supply chain shortages 4 Streamlining trade working capital Turning all contracts with
Slide 21: 2023E in €m
2022 2023E in €m Note: (1) FCF = Free Cash Flow 21
Slide 22: Installed capacity and achievable EBITDA margin
Installed capacity Installed capacity Installed capacity Achievable EBITDA-margin at full capacity Achievable EBITDA-margin at full capacity Achievable EBITDA-margin at full capacity in % to net sales in % to net sales in % to net sales Trade Working Capital Trade Working Capital Trade Working Capit
Slide 23: Sales increase to >EUR 1.7bn
1 Sales increase to >EUR 1.7bn 2 Adj. EBITDA growth to EUR 180-200M 3 Positive free cash flow 4 Positive net income 5 Streamlining trade working capital 23
Slide 24: Disclaimer
This presentation (the “Presentation”) has been prepared by Montana Aerospace AG (the “Company”, and together with its subsidiaries and affiliates, the “Group”). The distribution of this Presentation in certain jurisdictions may be restricted by law, and persons into whose possession this document c
Slide 25: Montana Aerospace
A MONTANA AEROSP
Montana Aerospace — Investor Presentation (January 2024) on 6ix