Valmet Corp · OMXHEX:VALMT
Valmet — Shareholder Meeting (March 2019)
25 slides from Valmet's shareholder meeting presentation, Mar 21, 2019
Slide 1: A strong year for Valmet
A strong year for Valmet Annual General meeting 2019 Pasi Laine, President and CEO
Slide 2: Contents
Contents 1 Valmet today 2 Financial development in 2018 3 Development of the business lines and areas 4 Strategy with new Growth Accelerators 5 Acquisition of GL&V 6 Guidance and short-term market outlook 2 March 21, 2019 © Valmet | Annual General Meeting 2019 | Pasi Laine, President and CEO
Slide 3: Valmet today
INTERNAL Valmet today
Slide 4: Valmet today – the market leader with a unique offering
Valmet today – the market leader with a unique offering Unique offering Market leadership Leader in sustainability Widest offering in the market Leading market position in all Sustainability 360° agenda combining process technologies, markets integrating sustainability into our services and au
Slide 5: Strong, global presence close to our customers
Strong, global presence close to our customers Over 100 service centers, 85 sales offices, 35 production units, 16 R&D centers, 7 Performance Centers China North America • 6 service centers • 17 service centers • 5 production units • 7 production units • 6 sales offices • 8 sales offices • 1 Perform
Slide 6: Executive Team
Executive Team Pasi Laine Kari Saarinen Julia Macharey Anu Salonsaari-Posti President and CEO CFO SVP, Human Resources and SVP, Marketing and Operational Development Communications Business lines Aki Niemi Sami Riekkola Bertel Karlstedt Jari Vähäpesola Business Line President, Business Line Presiden
Slide 7: Financial development 2018
Financial development 2018 ASSLT
Slide 8: Valmet in 2018
Valmet in 2018 Orders received Net sales by business line Net sales by area EUR 3,722 million 12% Net sales 20% 28% EUR 3,325 million 37% 16% Comparable EBITA 5% EUR 257 million Comparable EBITA margin 7.7% 26% 9% Order backlog 46% EUR 2,829 million Services North America Employees Automation South
Slide 9: Summary of the financial development in 2018
Summary of the financial development in 2018 EUR million 2018 2017 Change Orders received 3,722 3,272 14% Order backlog1 2,829 2,458 15% Net sales 3,325 3,058 9% Comparable EBITA 257 218 18% % of net sales 7.7% 7.1% Earnings per share, EUR 1.01 0.81 25% Dividend per share, EUR 0.652 0.55 18% Return
Slide 10: Valmet's development since the demerger
Valmet’s development since the demerger Orders received Net sales Comparable EBITA Comparable EBITA margin (EUR million) (EUR million) (EUR million) (%) 3,722 3,272 3,325 3,071 3,139 3,058 2,878 2,928 2,926 2,613 2,077 2,473 2,182 1,713 1,799 1,658 1,584 2,016 1,537 1,572 1,473 1,581 1,484 257 7.7%
Slide 11: Development of the business lines and areas
Development of the business lines and areas
Slide 12: Continued active demand for our board and paper technologies
Continued active demand for our board and paper technologies Large number of new orders for – New board making lines – Rebuilds – New tissue making lines During the year we announced – 6 board production line deliveries – 8 tissue production line deliveries – and completed successfully 15 Paper
Slide 13: Further improved competitiveness in pulp and energy markets
Further improved competitiveness in pulp and energy markets Pulp and Energy business line Pulp Orders received (EUR million) – Small and medium-sized investments in the pulp industry continued – Mega mill investments started picking up Energy 1,344 – Demand for our multifuel boilers was 939 1,00
Slide 14: Continued consistent progress and growth in stable business
Continued consistent progress and growth in stable business Stable business Strong performance in Services Orders received (EUR million) – The major services transformation 1,701 1,609 program, Shared Journey Forward, 1,519 1,367 386 continued 368 Growth 337 – Services global footprint expanded cl
Slide 15: Area development in 2018
Area development in 2018 Orders received by area North America EMEA China (EUR million) Expanded services presence in • Containerboard making line to A breakthrough in the Chinese the area Germany boiler market with four boiler 4,000 orders A board production line with wide • Multifuel boiler
Slide 16: Strategy with new Growth Accelerators
Strategy with new Growth Accelerators
Slide 17: Valmet's way forward
Valmet’s way forward Our Vision Our Must-Wins To become the global champion Customer excellence in serving our customers Our Strategy Leader in technology and Valmet develops and supplies innovation competitive process technology, Excellence in processes services and automation to the pulp, pa
Slide 18: Consistent progress in Must-Wins in 2018
Consistent progress in Must-Wins in 2018 Leader in technology Customer excellence Excellence in processes Winning team and innovation Global implementation of our new We spent EUR 66 million on R&D Leap Forward program to Over 1,000 participants in global way to serve continued implement a n
Slide 19: New Growth Accelerators to enhance growth with improved profitability
New Growth Accelerators to enhance growth with improved profitability Become the frontrunner in Field Services Take the lead in Industrial Internet and digitalization We aim to develop industry leading field services operations We want to realize the full benefits of digitalization in Field servic
Slide 20: Acquisition of GL&V
@ Acquisition of GL&V
Slide 21: Valmet moves forward and acquires GL&V
Valmet moves forward and acquires GL&V The acquisition strengthens our services capabilities and technology offering globally On February 26, 2019 we entered into an agreement to acquire North American -based GL&V GL&V is a global provider of technology and services to the pulp and paper industr
Slide 22: Guidance and short-term market outlook
Guidance and short-term market outlook
Slide 23: Guidance and short-term market outlook
Guidance and short-term market outlook Guidance for 2019 (as revised on February 26, 2019) Guidance Valmet estimates that net sales in 2019 will increase in comparison with 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million). The guidance is
Slide 24: Important notice
Important notice It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding expectations for general economic development and the market situation, expectations for growth, profitability and investment willingness, expectations fo
Slide 25: FORWARD
FORWARD