Metso Corporation · OMXHEX:METSO
Metso — Metso Outotec — Q1 2024 Earnings Presentation
18 slides from Metso's earnings presentation, Apr 25, 2024
Slide 1: Q1/2024 results
Q1/2024 results CFO and Deputy CEO Eeva Sipilä April 25, 2024
Slide 2: Forward looking statements
Forward looking statements 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 customer industry profitability and investment willingn
Slide 3: Agenda
Agenda 01 Results in brief 02 Financials 03 Sustainability and outlook 04 Q&A April 25, 2024
Slide 4: Results in brief
01 " Results in * brief Metso
Slide 5: Q1/24 highlights
Q1/24 highlights Market activity in line Services sales with expectations grew Resilient adjusted Good progress EBITA margin in cash flow of 16.5% April 25, 2024
Slide 6: Group Q1/2024 key figures
Group Q1/2024 key figures Group orders, sales and adj. EBITA EUR million EUR million Q1/2024 Q1/2023 Change % 2,000 17.1 16.8 16.1 16.5 Orders received 1,361 1,485 -8 15.8 Sales 1,217 1,334 -9 1,485 1,500 1,396 1,334 1,344 1,319 1,342 1,361 Adjusted EBITA 200 211 -5 1,232 1,217 1,191 % of sales 16.5
Slide 7: Aggregates resilient despite lower sales
Aggregates resilient despite lower sales EUR million • Orders received EUR 365 million (EUR 379 million) 18.1 17.0 17.3 17.0 ◦ Market activity improved q-o-q 500 16.2 ◦ Equipment orders -6%, services +1% 400 379 386 363 365 330 • Sales EUR 303 million (EUR 363 million) 308 297 289 303 300 269 ◦ Decr
Slide 8: Minerals profitability supported by services growth
Minerals profitability supported by services growth EUR million • Orders EUR 997 million (EUR 1,107 million) 1,500 18.2 17.5 17.5 ◦ Market activity in services improved q-o-q; 17.2 17.0 equipment market unchanged ◦ Healthy services orders, but -5% y-o-y on 1,107 1,052 1,014 1,010 1,011 997 high comp
Slide 9: Financials in details
Financials in details Metso
Slide 10: Group Income Statement
Group Income Statement EUR million Q1/2024 Q1/2023 2023 EUR Earnings per share 0.20 Sales 1,217 1,334 5,390 0.18 0.18 0.17 0.17 0.16 0.16 Adj. EBITA 200 211 887 0.15 0.15 0.15 0.15 0.14 Adj. EBITA, % 16.5 15.8 16.5 Operating profit 188 193 805 0.10 Operating profit, % 15.4 14.5 14.9 0.05 Net financi
Slide 11: Group Balance Sheet
Group Balance Sheet EUR million Mar 31, 2024 Mar 31, 2023 Dec 31, 2023 EUR million Indebtedness Total goodwill and intangible 1,875 1,957 1,886 1,000 80% assets 884 Total property, plant and 840 815 825 70% 484 419 472 equipment 750 690 684 60% 673 Right-of-use assets 109 117 114 617 50% Other non-c
Slide 12: Operating cash flow improved
Operating cash flow improved EUR million Q1/2024 Q1/2023 2023 EUR million Cash flow from operations 250 Profit for the period 121 134 546 216 Adjustments: 200 Depreciation and amortization 42 39 158 161 158 150 Financial expenses, net 22 12 80 110 Income taxes 43 45 199 100 Other items -6 7 15 62 50
Slide 13: Financial position
Financial position EUR million Mar 31, 2024 Mar 31, 2023 Dec 31, 2023 • Ratings: ◦ S&P Global: 'BBB' with stable outlook (April 24, Liquid funds 680 531 638 2023) ◦ Moody’s: ‘Baa2’ long-term rating with stable Net debt 825 673 884 outlook (April 2021; confirmed on May 2, 2023) Gearing, % 30.1 27.2 3
Slide 14: Sustainability and outlook
03 Sustainability and outlook
Slide 15: Good progress in most sustainability KPIs
Good progress in most sustainability KPIs Spend from suppliers Planet Positive Net zero Logistics CO2 with science-based emissions sales to grow faster CO2 emissions in own emissions targets than overall operations** by -20% sales 2030 by 2025 30% by 2025 Q1/2024*: Q1/2024: Q1/2024: Q1/2024: EUR 1,4
Slide 16: Market Outlook
Market Outlook Metso expects the market activity in both Minerals and Aggregates will remain at the current level. In its previously published outlook, Metso expected that the market activity in Minerals will remain at the current level, while the market activity in Aggregates was expected to improv
Slide 17: Q&A
04 Q&A
Slide 18: Partner for positive change
Partner for positive change metso.com