Meyer Burger Investor Presentation slide image

Meyer Burger Investor Presentation

Consolidated balance sheet in CHF T Assets Current assets 30.6.2022 31.12.2021 Movement in CHF T Liabilities Current liabilities 30.6.2022 31.12.2021 Movement Cash and cash equivalents 167 073 Trade receivables and 20 284 231 391 16 274 -64 318 Financial liabilities 23 202 34 23 168 4 010 net receivables from production contracts Trade payables and net liabilities from production contracts 30 222 24 060 6162 Other current receivables and prepaid expenses 48 565 45 813 2752 Customer prepayments 3 356 3 813 -457 Inventories 60 966 Total current assets 296 888 41 190 334 668 19 776 Other liabilities and accrued expenses 17 505 15 680 1825 -37 780 Provisions 3 552 2.554 998 Non-current assets Financial assets Property, plant and equipment Intangible assets Total current liabilities Non-current liabilities Financial liabilities Other liabilities 77 837 46 141 31 696 Deferred tax assets Total non-current assets Total assets 26 244 181 560 27 501 124 271 -1 257 57 289 209 199 181 155 28 044 5 770 264 213 838 510 726 6082 200 158 054 492 722 -312 411 567 -156 64 Provisions 1110 1159 -49 55 784 18 004 Deferred tax liabilities 2 181 2 270 -89 Total non-current liabilities 212 901 185 151 27 750 Total liabilities 290 738 231 292 59 446 Equity Cash and cash equivalents Cash and cash equivalents were positively impacted by the draw of the second tranche of the credit facility in the amount of EUR 55.0 million. Trade working capital Increase in trade receivables, inventories and trade payables in line with the ramp-up of the two new facilities in Thalheim, Germany and Freiberg, Germany and related module sales. Inventory increase results from additional build-up due to challenging supply chain situation. Property, plant and equipment Investments of CHF 70 million, net of subsidies, were made in H1 2022 in the new facilities. Financial assets Financial assets mainly refer to the investment in Oxford PV. MEYER BURGER Total equity Total liabilities and equity 219 988 510 726 261 430 492 722 -41442 18 004 Financial liabilities Financial liabilities increased by an additional tranche of the credit facility of EUR 55.0 million. With this, the credit facility line has been fully drawn. Current financial liabilities mainly include the portion of the credit facility that has to be repaid within the next 12 months, amounting to EUR 23.0 million. Provisions Current and non-current provisions increased from CHF 3.7 million to CHF 4.7 million, mainly due to provisions for expected warranties of CHF 3.3 million per H1 2022. Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022 19
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