Montana Aerospace Ag · SIX:AERO
Montana Aerospace — Q1 2025 Earnings Presentation
11 slides from Montana Aerospace's earnings presentation, May 2025
Slide 1: Montana Aerospace
A MONTANA AEROSPA
Slide 2: Speaking to you today
SPEAKING TO YOU TODAY MICHAEL PISTAUER CO-CEO & CFO MARC VESELY HEAD OF M&A AND IR A A
Slide 3: We are mission-critical in two segments
WE ARE MISSION-CRITICAL IN TWO SEGMENTS: AEROSTRUCTURES “MISSION-CRITICAL AEROSTRUCTURES FOR EVERY AIRCRAFT IN THE SKY” ENERGY “POWERING GREEN INNOVATION TO DRIVE THE ENERGY TRANSITION”
Slide 4: Q1 2025 group net sales of €408.8 million
in EURm - In Q1 2025, Montana Aerospace generated EBITDA margin net sales of €408.8 million (+15.1% compared to Q1 2024) 6% 10% 12% +34% - Positive net sales development is mainly +15% organic, reflecting higher volumes and +145% market share gains in both Aerostructures and Energy segments +32% 408
Slide 5: Quarterly cash flow development
86.4 36.0 11.5 -5.4 -15.8 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 144.1 19.8 -8.2 -34.1 -25.0 Q1 2024 Q2 2024 Q3 2024 Q4 2024(1) Q1 2025 Notes: (1) Q4 2024 includes the proceeds from the divestment of the E-mobility segment, which was closed in Nov. 2024 5
Slide 6: LTM sales, LTM EBITDA and leverage
% LTM Sales 23.5% 23.0% 24.1% 23.7% 25.1% 365.7 353.6 387.8 346.6 342.2 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 (x) LTM EBITDA 2.4x 2.5x 2.4x 1.3x 1.5x 322.5 342.4 346.2 252.5 210.9 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 6
Slide 7: Aerostructures segment Q1 2025 net sales of €221.3 million
in EURm - In Q1 2025, Aerostructures segment generated EBITDA margin net sales of €221.3 million (+6.5% compared to Q1 2024) 8% 14% 18% +33% - Positive net sales development mainly +7% due to higher production volumes +196% following market share gains on relatively flat OEM build rates +36% 221.3 -
Slide 8: Energy segment Q1 2025 net sales of €170.4 million
in EURm - In Q1 2025, Energy segment generated EBITDA margin net sales of €170.4 million (+15.4% compared to Q1 2024) 5% 6% 6% +22% - Positive net sales development mainly +15% due to higher production volumes and +42% pricing effect +25% - The Energy segment continues to benefit from exceptional ta
Slide 9: Sales and Adj. EBITDA targets
Sales increase to >EUR 1.6bn Adj. EBITDA growth to >EUR 200m Positive Net Income Positive Free Cash Flow Streamline Trade Working Capital Sales increase to ~EUR 2bn Adj. EBITDA growth to >EUR 250m 9
Slide 10: Confidential presentation 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 UNLAWFUL. This
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