Meyer Burger Investor Presentation

Analysis Net Working Capital MEYER BURGER Increase in receivables by MCHF +4.4 Inventories (net) increased by MCHF +18.0 (reduction of attributed customer prepayments MCHF 14.0) Overall decrease in customer prepayments of MCHF -19.2, mainly due to weak incoming orders in H1 2018 in TCHF Trade and other receivables Inventories (gross) ./. Allocated customer prepayments Trade payables Customer prepayments 30.06. 2018 31.12. 2017 31.12.2016 63 565 59 177 164 764 160 734 61 034 176 584 - 63 411 - 77 420 - 81 344 Inventories (net) 101 353 83 314 95 240 Other current assets 1 10 518 8 739 6 399 1 Current assets excluding cash and cash equivalents 175 435 151 231 162 672 Current financial liabilities 1 490 328 1 556 32 112 29 970 28 010 61 863 67 065 58 270 Current provisions Other current liabilities 14 872 15 883 9 614 38 719 50 691 43 763 Net liability from construction contracts turned into a receivable in line with project progress. Current liabilities Net working capital 148 057 163 938 141 213 27 378 - 12 707 21 459 29 Change in NWC of MCHF +40.1 Increase in NWC mainly due to the lower customer prepayments and increase in trade/other receivables as well as inventories. 1 In the balance sheet 31 December 2016, straight bond values (repaid on 24 May 2017) of MCHF 129.93 (in current liability) and acquired own straight bonds MCHF 3.1 (in current financial asset) were not included in NWC calculation. Meyer Burger Technology Ltd, Presentation for Investors, Analysts and Media

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