FY 2021 Earnings Call
SOLID FINANCIAL BASIS FOR FUTURE GROWTH
Trade Working Capital
in EURM
Cash vs. Debt 2021
in EURM
+66%
263,7
159,1
245,4
Inventories
184,5
Trade
Receivables
87,5
129,1
Trade -112,9
-110,8
Payables
TWC 2020 TWC 2021
MONTANA
AEROSPACE
Balance Sheet Structure
in EURM
590,8
1.792,4
1.792,4
509,1
-81,8
Equity
904,9
853,8
Non-Current
Assets
Cash
Financial
Debt*
ā
Inventory build-up in (new) plants
responsible for part of the increase
Large raw material reserve sustained
to avoid constraints in global supplies
Sales growth included - receivables
up vs. prev. period
Cash proceeds from IPO of EUR
394m gross receipts and converted
non-redeemable loan (approx. EUR
154m) contributed to attractive
improvement
Majority of debt guaranteed by
Montana Tech Components AG via
promissory notes
*Non-current financial debt
Montana Aerospace
-19-
"
Debt
887,5
938,5
Current
Assets
Liabilities
Assets
Strong Equity position gives us
firepower & resilience
Net result currently negative,
impacting the Equity ratio negativelyView entire presentation