Montana Aerospace Ag · SIX:AERO
Montana Aerospace — Investor Presentation (August 2024)
24 slides from Montana Aerospace's investor presentation, August 2024
Slide 1: Company Presentation 2024
Company Presentation 2024
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 Christian Hosp Markus Vischer Member Member Helmut Wieser Member E-Mobility & Energy Aerostructures Glob
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 2023 3
Slide 4: Game changer in the aerospace supply chain
GAME CHANGER IN THE AEROSPACE SUPPLY CHAIN A BEST-COST-COUNTRY MANUFACTURING FOOTPRINT (&) FULLY INTEGRATED VALUE CHAIN © INNOVATIVE PRODUCT DESIGN (#) BACKED BY OWN IP (&) HIGH MATERIAL COMPETENCE ESG DEEPLY INTEGRAT D DIN OUR BUSINESS MODEL FULL COMMITMENT TO OUR A (Br IQUS SUSTAINABILITY GOALS
Slide 5: We are mission-critical in all three segments
WE ARE MISSION-CRITICAL 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 6: 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% Battery Boxes Battery Housing Bracket CMS ~5% ~16% EBITD
Slide 7: 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. ~4% ~5% 567 >580 ~2% 480 Continously Roebelbars Special EBITDA-margin ~3% Trans
Slide 8: 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 9: Boeing 737 Max and A320 exposure
Note: Example of Boeing 737 Max and A320 exposure 9
Slide 10: Contracted shipset value by aircraft programs
Narrowbody Military (Transportation) Narrowbody Widebody A400M 737 777/777X A220 MAX A320 787 A321 = Contracted shipset value x 747 Duration of contract Widebody ~€ 3.9 billion 2021 >€7.5bn (most of contracts single A330 eo 2023 source/exclusive supplier) x MAAG build rate assumptions 767 A350 (=OEM
Slide 11: 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 12: Exemplary customer list
9 Note: Exemplary list only 12
Slide 13: Serving an international customer base
Serving an international customer base ~1,600 ~4,500 ~1,200 Spirit Award 2022 Vancouver Stillwater Zaventem Gedern Reinach Menziken Ranshofen Da Baoying Nang Vadodara Canton Ball BallGround Ground Satu Mare Baia Mare Dumbravita Persan Oed Baoying Airbus Best Performer Award 2020 Clearwater / Cerquil
Slide 14: 14
14
Slide 15: Organic and M&A projects on track
Expansion of capacities and ramp-up of new capabilities (e.g. Titanium, Organic Projects Composite) 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 15
Slide 16: 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 ~850 employees as of Dec23 ~ 900 employees as of Dec23 ~300 employees as of Dec23 80,000m2 under roof 40,000m2 under roof 13,400m2 under
Slide 17: Global footprint strengthened by capex projects
GLOBAL FOOTPRINT STRENGTHENED BY CAPEX PROJECTS A Greenfield investments
Slide 18: Organic 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 to further on track consolidate supply chain 18
Slide 19: 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
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Slide 21: Financials 2022 vs 2023 in €m
in €m 2022 2023 Note: (1) FCF = Free Cash Flow 21
Slide 22: Guidance: sales and adjusted EBITDA targets
Sales increase to >EUR 1.5bn Adj. EBITDA growth to >EUR 165M Positive Free Cash Flow Positive Net Income Streamline Trade Working Capital Sales of >EUR 1.7bn Adj. EBITDA growth to >EUR 240M 22
Slide 23: 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 24: Company Presentation
Company Presentation 2024
Montana Aerospace — Investor Presentation (August 2024) on 6ix