Lenzing Investor Presentation 2022 Full-year Results
Substantial liquidity buffer enabled Lenzing to cover impact from
recent headwinds with a strong position by year-end 2022
Net financial debt, in EUR mn
471
401 401
380
219 219
977
626
1,869
Balance sheet metrics
Change
According to IFRS (EUR mn)
Total assets
31 Dec. 2022
5,525.0
31 Dec. 2021
5,322.8
in %
3.8
1,362
Liquid assets ³
453.3
1,124.1
(59.7)
Total liabilities
3,499.1
3,250.7
7.6
thereof financial liabilities
2,322.2
2,101.2
10.5
Adjusted equity4
2,088.6
2,115.7
(1.3)
Adjusted equity ratio (%)
37.8
39.7
Net gearing (%)
89.5
46.2
Net financial debt
1,869.0
977.0
91.3
Net financial debt / EBITDA
ROCE (%)
7.7
2.7
2.0
5.4
2018
2019
2020
2021
2022
Reported net financial debt¹
Economic net financial debt²
Capex of EUR ~700 mn in 2022
Increase of trading working capital mainly due to increase in
inventories
1) Fully consolidated Brazil JV debt included
2) Reflects 51% economic share of Brazil JV debt
3) Including cash and cash equivalents, liquid securities and liquid bills of exchange
4) Including government grants less proportional share of deferred taxes on government grants
www.lenzing.com
09/03/23-16
Change
According to IFRS (EUR mn)
31 Dec. 2022
31 Dec. 2021
in %
Total liquidity cushion
685.5
1,578.6
(56.6)
thereof liquid assets³
453.3
1,124.1
(59.7)
thereof unused credit facilities
232.3
454.5
(48.9)
Lenzing
Innovative by natureView entire presentation