Montana Aerospace Ag · SIX:AERO
Montana Aerospace — FY2025 Earnings Presentation
13 slides from Montana Aerospace's earnings presentation, Apr 2, 2026
Slide 1: FY 2025 Earnings Call
fy 2025EarningsCall 02 april 2026
Slide 2: Speaking to you today
Speakingto youtoday Patrick Maurer Vicky welvaert cfo ChrO 2
Slide 3: Executive Summary – Financial year 2025 & Guidance
Executive Summary – Financial year 2025 &Guidance Montana Aerospace reports net sales increase (+15.1%) andover-proportional adj. EBITDA GROWTH (+25.1%) - Highlights FY25(1): Net sales €979.3m (+15.1% vs. FY24) and adj. EBITDA(2) €161.3m (+25.1%) - FX impact: Substantial non-cash net foreign exchang
Slide 4: Achieved goal of becoming a pure-play Aerospace Company
Following the successful divestment of the energy segment, we have achieved our goal of becomingpure-play a Aerospace Company From an industrial group… …to a pure-play aerospace integrator aerostructures Energy & -emobility Operational complexity with three segments Strategic Successful divestment o
Slide 5: Solid growth in net sales and EBITDA achieved in FY25, alongside margin expansion
Solid growth in net sales and EBITDA was achieved in FY25, alongside margin expansion in EURm Description Net sales Adj. EBITDA - In FY25, Montana Aerospace generated adj. EBITDA % (Group) net sales of €979.3 million (+15.1% vs. FY24) adj. EBITDA % (Aerostructures) - Positive net sales development w
Slide 6: Improved operating CF and reduced leverage form the backbone of sustainable development
IMPROVED OPERATING CF AND REDUCED LEVERAGE FORM THE BACKBONE OF SUSTAINABLE DEVELOPMENT in EURm Description Cash flow - In FY25, Montana Aerospace generated a -81.2 positive FCF of €21.0 million (-€100.6 million 167.5 vs. FY24) -65.4 133.5 -38.9 -2.8 112.8 - Operating cash flow increased to €167.5 m
Slide 7: Significant improvement in net debt enabled by divestment of the energy segment
Significant improvement in net debt enabled by the divestment of the energy segment, with continued focus on working capital management TWC €m) ( % LTM Sales 23.7% 25.1% 23.5% 34.7% 30.1% -34.0 353.6 387.8 375.3 328.7 294.7 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Netdebt (€m) (x) LTM EBITDA 1.3x 1.5
Slide 8: Our business model provides substantial protection against macroeconomic challenges
Our business model provides substantial protection against macroeconomic challenges Material pricing Material sourcing Energy Price Resilience Demand resilience Greater utilization of internal CPI escalation clauses are Raw material costs are passed Robust and growing order casting capabilities in E
Slide 9: Favourable outlook supported by increasing deliveries of OEM customers
Favourable outlook formontanaaerospace supported by increasing deliveries ofoemcustomers Deliveries by commercial A/C type commercial A/C deliveries through 31 December 2025 YTD 12/24 YTD 12/25 +4% A220 75 93 735 766 793 661 89 93 96 92 A320 family 602 607 639 677 700 569 A330 32 34 Dec-22 Dec-23 De
Slide 10: Further supply chain consolidation presents meaningful value creation opportunities
Further supply chain consolidation presents meaningful value creation opportunities, supported by OEM alignment Direct contact of OEM to specialist suppliers our consolidation approach Smaller suppliers and their higher fall-out risk expose the whole supply chain to uncertainty Major aerospace Major
Slide 11: Guidance 2026/27
Guidance2026/27 2026:guidance Sales increase to >EUR 1bn Adj. EBITDA growth to >EUR 185m Positive Net Income & Free Cash Flow Net Cash Position 2027:guidance Sales increase to >EUR 1.1bn Adj. EBITDA growth to >EUR 210m Free Cash Flow of high double-digit EURm 11
Slide 12: Disclaimer
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, SOUTH AFRICA OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNL
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