Montana Aerospace Ag · SIX:AERO
Montana Aerospace — Q1 2025 Earnings Presentation
33 slides from Montana Aerospace's earnings presentation, May 8, 2025
Slide 1: Interim Financial Report 3M 2025
INTERIM FINANCIAL REPORT 3M 2025
Slide 2: We shape the future
WE SHAPE THE FUTURE. WITH EXPERIENCE, A SPIRIT OF INNOVATION AND THE HIGHEST STANDARDS, WE ARE SETTING OUT FOR NEW HORIZONS. 2 INTERIM REPORT 3M 2025 | MONTANA AEROSPACE AG
Slide 3: Montana Aerospace AG – Selected Key Figures
MONTANA AEROSPACE AG – SELECTED KEY FIGURES For the three months ended 31 March (financial figures in M€) Q1 2025 Q1 2024 restated* yoy change Net Sales 408.8 355.0 +53.8 EBITDA 48.5 36.7 +11.8 Adjusted EBITDA 48.8 37.2 +11.6 Adjusted EBITDA margin (%) 11.9% 10.5% +1.4% Operating result 23.6 14.1 +9
Slide 4: Table of Contents
TABLE OF CONTENTS MONTANA AEROSPACE AG – SELECTED KEY FIGURES 3 FINANCIAL OVERVIEW 5 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 10 THE MONTANA AEROSPACE EQUITY STORY 29 ABOUT MONTANA AEROSPACE 31 DISCLAIMER32 4 INTERIM REPORT 3M 2025 | MONTANA AEROSPACE AG
Slide 5: Financial Overview – Earnings
FINANCIAL OVERVIEW Earnings For the three months ended 31 March ** (in TEUR) 2025 2025 2024 2024 (adjustments) restated (adjustments) Net Sales 408,768 355,034 Change in finished and unfinished goods 10,938 17,546 Own work capitalized 2,089 2,128 Other operating income 9,831 4,993 Cost of materials,
Slide 6: Net Sales
FINANCIAL OVERVIEW Net Sales In the first three months of 2025, Montana Aerospace generated consolidated net sales of EUR 408.8 million, an increase of 15.1% compared to EUR 355.0 million in the first quarter of the previous year. The largest contribution to net sales was made by the Aerostructures
Slide 7: Net Sales and adj. EBITDA development per segment
FINANCIAL OVERVIEW Net Sales and adj. EBITDA development per segment Aerostructures Energy in EURm Q1 2024 Q1 2025 Q1 2024 Q1 2025 Net Sales 207.8 221.3 147.5 170.4 yoy growth +6.5% +15.4% Adj. EBITDA 29.4 39.9 8.2 10.2 yoy growth +35.9% +24.7% Segment sales and EBITDA in the first three months of 2
Slide 8: Balance sheet
FINANCIAL OVERVIEW Balance sheet (in TEUR) 31 March 2025 31 December 2024 ASSETS Non-current assets 1,031,342 1,037,619 Current assets 790,378 793,112 o/w cash and cash equivalents 122,780 133,529 Total Assets 1,821,720 1,830,732 EQUITY AND LIABILITIES Total equity 930,601 929,388 Non-current liabil
Slide 9: Supplemental financial information
FINANCIAL OVERVIEW Supplemental financial information USAGE OF ALTERNATIVE PERFORMANCE MEASURES Montana Aerospace AG is managed in accordance with internally defined financial and non-financial key figures in the interest of achieving a sustainable increase in value. The following key financial figu
Slide 10: Condensed Consolidated Interim Financial Statements
FINANCIAL OVERVIEW CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (unaudited) 31 MARCH 2025 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 11 CONSOLIDATED STATEMENT OF PROFIT OR LOSS 12 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (OCI) 13 CONSOLIDATED STATEMENT OF CASH
Slide 11: Consolidated statement of financial position
FINANCIAL OVERVIEW Consolidated statement of financial position (unaudited) (in TEUR) Notes 31.03.2025 31.12.2024 ASSETS Intangible assets and goodwill 302,429 309,780 Property, plant and equipment 669,010 669,922 Equity-accounted investees 5,211 5,211 Other financial assets 2,265 2,265 Other receiv
Slide 12: Consolidated statement of profit or loss
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of profit or loss (unaudited) For the three months ended 31 March (in TEUR) Notes 2025 2024 restated** Net Sales 5 408,768 355,034 Change in finished and unfinished goods 10,938 17,546 Own work capitalized 2,089 2,128 Other o
Slide 13: Consolidated statement of profit or loss and OCI
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of profit or loss and other comprehensive income (OCI) (unaudited) For the three months ended 31 March (in TEUR) Notes 2025 2024 Result for the period 5,272 2,735 ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS Remeasur
Slide 14: Consolidated statement of cash flows
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of cash flows (unaudited) For the three months ended 31 March (in TEUR) Notes 2025 2024* CASH FLOW FROM OPERATING ACTIVITIES Result before tax 5,873 3,444 Net interest income 8,152 9,869 Share of result of equity-accounted in
Slide 15: Consolidated statement of changes in equity 2025
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of changes in equity 2025 (unaudited) Attributable to owners of the Company Foreign Other Total Non- Share Share Exchange Fair Value retained Retained controlling Total (in TEUR) Notes capital premium Differences Reserve earn
Slide 16: Notes
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS NOTES to the condensed consolidated interim financial statements (unaudited) 1. Reporting entity Montana Aerospace AG (“Montana Aerospace” or “the Company”) is a worldwide supplier of structural parts for the aerospace and energy industries and was
Slide 17: Use of judgements and estimates; accounting policies
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 3. Use of judgements and estimates In preparing these interim financial statements, management has made judgements, estimates and assumptions that affect the application of the Group’s accounting policies and the reported amounts of assets, liabili
Slide 18: Segment reporting
NOTES 5. Segment reporting 5.1. Basis for segmentation Operating segments requiring to be reported are determined on the basis of a management approach. Accordingly, external segment reporting reflects the internal organizational and management structure used within the Group as well as internal fin
Slide 19: Information according to reportable segments
NOTES 5.2. Information according to reportable segments The management variables, which are used to assess the performance of the operating segments, are shown below: Reportable segments Aerostructures Energy Total All other segments Group E-Mobility (discontinued operation*) For the three months en
Slide 20: Entity-wide disclosures
NOTES 5.3. Entity-wide disclosures INFORMATION BY GEOGRAPHICAL SEGMENT For the three months ended 31 March 2025 2024 Non-current Non-current (in TEUR) Net Sales* assets** Net Sales* assets** Switzerland 117 46 452 39,772 Germany 57,542 14,273 44,668 5,467 Austria 8,641 58,153 6,498 34,935 UK 35,285
Slide 21: Financial instruments – fair values and risk management
NOTES PRODUCTS AND SERVICES The Group’s revenues and trade receivables are split into the following products and services: For the nine months ended 31 March 2025 2024 (in TEUR) Net Sales Trade receivables Net Sales Trade receivables thereof product sales 406,670 178,822 355,034 176,150 thereof serv
Slide 22: 31 March 2025 Carrying amount Fair value
NOTES 31 March 2025 Carrying amount Fair value Other assets and liabilities Measured at fair measured at fair Financial assets value - hedging value in profit measured at Other financial (in TEUR) instruments or loss amortised cost liabilities Total Level 1 Level 2 Level 3 Total Financial assets - m
Slide 23: 31 December 2024 Carrying amount Fair value
NOTES 31 December 2024 Carrying amount Fair value Other assets and liabilities Measured at fair measured at fair Financial assets value - hedging value in profit measured at Other financial (in TEUR) instruments or loss amortised cost liabilities Total Level 1 Level 2 Level 3 Total Financial assets
Slide 24: Other financial liabilities; Equity
NOTES 7. Other financial liabilities Other financial liabilities are composed as follows: (in TEUR) 31.03.2025 31.12.2024 Lease liabilities 39,688 27,168 Other* 80,352 80,977 Other financial liabilities 120,041 108,146 Thereof non-current 114,989 101,831 Thereof current 5,052 6,315 * Item "Other" re
Slide 25: Earnings per share
NOTES 8.2. Earnings per share The calculation of earnings per share has been based on the profit or loss attributable to shareholders of Montana Aerospace AG as presented in the consolidated statement of profit or loss and the weighted average of shares in circulation as of 31 March 2025. 2025 2024
Slide 26: Other financial expenses; Discontinued operation
NOTES 9. Other financial expenses The increase in other financial expenses in the first quarter of 2025 mainly relates to higher exchange rate losses. 10. Discontinued operation 10.1. E-Mobility The segment “E-mobility” was sold in November 2024. Since this group represented a mayor line of business
Slide 27: Share-based payment arrangements
NOTES 11. Share-based payment arrangements 11.1. Management stock option program 2021 (MSOP 2021) The management stock option program (MSOP) was launched by the parent company Montana Tech Components AG, Reinach, Switzerland, to allow employees to subscribe to ordinary shares in Montana Aerospace AG
Slide 28: Consolidated statement of cash flow; Subsequent events
NOTES 12. Consolidated statement of cash flow 12.1. Other non-cash income and expenses The item “Other non-cash income and expenses” results mainly from foreign exchange effects (TEUR 5,159). 12.2. Acquisition of subsidiaries less cash acquired The item “Acquisition of subsidiaries less cash acquire
Slide 29: The Montana Aerospace Equity Story
NOTES THE MONTANA AEROSPACE EQUITY STORY What arguments support an investment in Montana Aerospace: a) Positioning in Distinct Future and Growth Markets Montana Aerospace presents shareholders with an investment opportunity in high-growth niche markets with promising futures. Over the long term, the
Slide 30: Montana Aerospace Embraces Sustainability
NOTES c) Montana Aerospace Embraces Sustainability We are deeply committed to sustainability and, in 2022, commenced publishing an ESG report. For the fiscal year 2023 we prepared the reported information with reference to the GRI Standards and currently we are preparing the necessary data base to b
Slide 31: About Montana Aerospace
INVESTOR RELATIONS ABOUT MONTANA AEROSPACE Montana Aerospace focus on key parts and technologies in the aerospace market with a global operational presence. Montana Aerospace manufactures state-of-the-art components for the aerospace industry due to its multi-material capabilities and outstanding te
Slide 32: Disclaimer
DISCLAIMER Some of the information contained in this press release may be forward-looking statements. Montana Aerospace cautions that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those
Slide 33: Montana Aerospace
A MONTANA AEROSPACE