Montana Aerospace Ag · SIX:AERO
Montana Aerospace — Q1 2026 Earnings Presentation
16 slides from Montana Aerospace's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Earnings Call
Q1 2026EarningsCall 07 may2026
Slide 2: Speaking to you today
Speakingto youtoday Patrick Maurer Vicky welvaert cfo ChrO 2
Slide 3: Positioned as a game-changer in the aerospace supply chain
1. Business model | 2. q1 2026 results | 3. leadership | 4. outlook positioned as a game -changer in the aerospace supply chain HIGHLY INTEGRATED BEST-COST-COUNTRY VALUE CHAIN MANUFACTURING FOOTPRINT HIGH MATERIAL Unique process know-how COMPETENCE BACKED BY OWN IP ESG DEEPLY INTEGRATEDIN OURBUSINES
Slide 4: Strong and growing order book with high forward revenue visibility
1. Business model | 2. q1 2026 results | 3. leadership | 4. outlook strong and growing order book, supported by a diverse long -lived platform base, provides high forward revenue visibility Narrowbody Military (Transportation) Narrowbody Widebody A400M 737 MAX 777/777X A220 A320 Montana Aerospace ba
Slide 5: Our business model provides substantial protection against macroeconomic and supply chain challenges
1. Business model | 2. q1 2026 results | 3. leadership | 4. outlook Our business model provides substantial protection against macroeconomic and supply chain challenges Material pricing Material sourcing Energy Price Resilience Demand resilience Greater utilization of internal CPI escalation clauses
Slide 6: Montana Aerospace Group demonstrated strong operational performance in Q1 2026
1. Business model 2. | q1 2026 results| 3. leadership | 4. outlook Montana Aerospace Group demonstrated strong operational performance in Q1 2026 in EURm Description Net sales Adj. EBITDA ▪ In Q1 2026, Montana Aerospace generated adj. EBITDA % (Group) net sales of €248.2 million (+4.1% vs. Q1 2025)
Slide 7: Continued growth in operating result reflects the strength of our business model
1. Business model 2. | q1 2026 results| 3. leadership | 4. outlook Continued growth in operating result reflects the strength of our business model in EURm Description Operating result Result (cont. Operations) ▪ In Q1 2026, Montana Aerospace generated an Operating result % Result (cont. operations)
Slide 8: The aerostructures segment showed resilient performance despite soft OEM deliveries in Q1 2026
1. Business model 2. | q1 2026 results| 3. leadership | 4. outlook The aerostructures segment showed resilient performance despite soft OEM deliveries in Q1 2026 aerostructures Q1 2023 Q1 2024 Q1 2025 Q1 2026 Q1 2026 vs. Q1 2023 Netsales EUR 166.8M EUR 207.8M EUR 221.3M EUR 233.5M +40.0% Netsales gr
Slide 9: Cash proceeds from the energy divestment used to further deleverage the balance sheet
1. Business model 2. | q1 2026 results| 3. leadership | 4. outlook CASH PROCEEDS FROM THE ENERGY DIVESTMENT USED TO FURTHER DELEVERAGE THE BALANCE SHEET in EURm Description Cash flow ▪ In Q1 2026, Montana Aerospace generated a positive FCF of €55.9 million (+€80.9 million 54.5 -73.7 vs. Q1 2025) 112
Slide 10: Leadership change fully decoupled from performance and strategy
1. Business model | 2. q1 2026 results3.|leadership| 4. outlook Leadership change fully decoupled from performance and strategy, with a promising outlook for Montana Aerospace Leadership update for Montana Aerospace AG No impact on the strategy: The CEO resignation is completely unrelated to the bus
Slide 11: Proven management structure is in place, with unchanged execution and accountability
1. Business model | 2. q1 2026 results3.|leadership| 4. outlook proven management structure is in place, with unchanged execution and accountability Chief Human Resources Officer MONTANA AEROSPACE Chief Financial Officer Vicky Welvaert Group Management BOARD Patrick Maurer Chief Contract Chief Execu
Slide 12: Six key pillars driving our growth strategy
1. Business model | 2. q1 2026 results | 3. leadership 4. outlook | Six key pillars driving our growth strategy Structural growth Organic growth Inorganic growth M&A Material competences Capitalize on structural end-market drivers Industrialization ▪ Strong global air travel demand Airplane capabili
Slide 13: Robust near-term outlook with a clear pathway to full capacity utilization
1. Business model | 2. q1 2026 results | 3. leadership 4. outlook | ROBUST NEAR -TERM OUTLOOK WITH A CLEAR PATHWAY TO FULL CAPACITY UTILIZATION Metric/kpi FY 2026 FY 2027 Description ▪ For 2026, Montana Aerospace re-iterates its Netsales >EUR 1,000m >EUR 1,100m guidance to generate: - Net sales of o
Slide 14: Strong growth potential, profitability and cash generation outlook
1. Business model | 2. q1 2026 results | 3. leadership 4. outlook | Strong growth potential, profitability and cash generation outlook support our commitment to creating attractive shareholder returns ✓ High level of visibility supported by expanding order backlog ✓ Strong margin profile achieved th
Slide 15: 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
Slide 16: 16
16