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
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