Metso Corporation · OMXHEX:METSO
Metso — Metso Outotec — Q4 2024 Earnings Presentation
21 slides from Metso's earnings presentation, Feb 13, 2025
Slide 1: Q4 and full-year 2024 results
Q4 and full-year 2024 results President and CEO Sami Takaluoma CFO Eeva Sipilä February 13, 2025
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 Sustainability, outlook 03 and management agenda 04 Q&A February 13, 2025
Slide 4: Results in brief
01 Results in brief Sami Takaluoma President and CEO
Slide 5: Q4/24 highlights
Q4/24 highlights Market activity in line Robust Minerals with expectations equipment orders Healthy adj. EBITA Strong cash flow from margin of 16.0% operations February 13, 2025
Slide 6: Group Q4/2024 key figures
Group Q4/2024 key figures Resilient margin performance EUR million EUR million Q4/2024 Q4/2023 Change % 2,000 16.8 16.9 16.9 16.5 Orders received 1,391 1,232 13 16.0 Sales 1,272 1,342 -5 1,500 1,391 1,342 1,361 Adjusted EBITA 203 225 -10 1,232 1,272 1,217 1,214 1,226 1,162 1,160 % of sales 16.0 16.8
Slide 7: Aggregates profitability remains healthy
Aggregates profitability remains healthy EUR million • Orders received EUR 294 million (EUR 297 million) 17.0 ◦ Q4 order intake supported by acquisitions 500 16.2 16.6 16.1 16.0 ◦ Mobile equipment market soft ◦ Equipment orders -1%, services -1% 400 365 331 314 297 289 303 • Sales EUR 290 million (E
Slide 8: Strong equipment orders in Minerals
Strong equipment orders in Minerals EUR million • Orders EUR 1,098 million (EUR 935 million) 18.3 1,500 17.5 ◦ Driven by copper and gold 17.0 17.3 17.0 ◦ Equipment orders grew 40%, services 3% 1,098 1,052 997 968 982 • Sales EUR 982 million (EUR 1,052 million) 1,000 935 914 883 877 847 ◦ Services -4
Slide 9: The Board will propose an increase in dividend
The Board will propose an increase in dividend Dividend proposal of EUR 0.38 EUR 0.40 0.36 0.38 * • Proposed dividend is 64% of EPS 0.30 from continuing operations 0.30 0.24 0.20 • Two payments: EUR 0.19 in May 0.20 and EUR 0.19 in October 0.10 • Total payout EUR 314 million 0.00 2020 2021 2022 2023
Slide 10: Financials in detail
02 Financials in detail Eeva Sipilä CFO
Slide 11: Group Income Statement
Group Income Statement EUR EUR million Q4/2024 Q4/2023 Q1-Q4/2024 Q1-Q4/2023 0.20 0.19 0.17 0.16 0.16 0.16 Sales 1,272 1,342 4,863 5,390 0.15 0.15 0.15 0.13 Adj. EBITA 203 225 804 887 0.10 Adj. EBITA, % 16.0 16.8 16.5 16.5 Operating profit 167 200 727 805 0.00 Operating profit, % 13.1 14.9 15.0 14.9
Slide 12: Group Balance Sheet
Group Balance Sheet EUR million Dec 31, 2024 Dec 31, 2023 EUR million Indebtedness Goodwill and intangible assets 1,927 1,886 1,250 100% 1,156 1,173 1,036 Property, plant and equipment 549 472 1,000 80% 884 840 825 Right-of-use assets 136 114 815 Other non-current assets 300 271 750 684 673 60% Inve
Slide 13: Improving cash generation
Improving cash generation EUR million Q4/2024 Q4/2023 Q1-Q4/2024 Q1-Q4/2023 Operating cash flow Profit for the period 158 136 330 546 EUR million 700 Continuing operations 104 130 486 537 608 Discontinued operations 54 6 -156 8 600 576 550 Adjustments: 500 Depreciation and amortization 42 41 165 158
Slide 14: Financial position
Financial position EUR million Dec 31, 2024 Dec 31, 2023 • Ratings: ◦ S&P Global: 'BBB' with stable outlook (June 17, Liquid funds 431 638 2024) ◦ Moody’s: ‘Baa2’ long-term rating with stable Net debt 1,173 884 outlook (May 13, 2024) • Average interest rate of loans and derivatives 3.8% Gearing, % 4
Slide 15: Sustainability, outlook and management agenda
03 Sustainability, outlook and management agenda Sami Takaluoma President and CEO
Slide 16: Mixed progress with sustainability KPIs
Mixed progress with sustainability KPIs Spend from suppliers Metso Plus* 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 2024: 2024: 2024: 2024: EUR 1,261 million -72%** -
Slide 17: Market Outlook
Market Outlook Metso expects that the market activity in both Minerals and Aggregates will remain at the current level. Previously Metso expected the market activity in both Minerals and Aggregates to remain at the current level. According to the company's disclosure policy, Metso’s market outlook d
Slide 18: Management agenda for H1
Management agenda for H1 • Maximize the potential of current market • Improve safety performance • Continue normalizing inventory levels • Run a comprehensive strategy process • Ensure a seamless CFO transition • Continuously develop the company culture February 13, 2025
Slide 19: Save the date: Metso Capital Markets Day 2025
Save the date: Metso Capital Markets Day 2025 Metso will arrange Capital Markets Day on Thursday, October 2, 2025, at Clarion Hotel Helsinki Airport. Please save the date, more information will follow. February 13, 2025
Slide 20: Q&A
04 Q&A
Slide 21: Partner for positive change
Partner for positive change metso.com 21 Thursday, October 10, 2024