Lenzing Investor Presentation 2022 Full-year Results
Free cash flow impacted by planned capex for new up and running
sites in Thailand and Brazil as well as inventories build-up
Free cash flow, in EUR mn
24
1
394
280
245
49
-256
-244
Trading working capital, in EUR mn
-43
444
404
384
387
47.3%
571
-664
22%
24%
-839
-698
21%
21%
16%
-615
-741
-445
2018
2019
2020
2021
2022
Operating cash flow
Investment cash flow1
Between 2020 and 2022, Lenzing increased investment spending to more than
EUR 2.2 bn in total, mainly for its up and running expansions in Thailand and
Brazil
In the same period, operational cash flow was low in 2020 (mainly due to
pandemic effects) and in 2022 with a significant increase of trading working
capital
1) CAPEX less proceeds from the sale of intangible assets, property, plant and equipment and biological assets
www.lenzing.com
09/03/23-15
2018
2019
2020
2021
2022
Trading working capital
Trading working capital adjusted for factoring in % of annualized Group revenue
Lenzing
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