Andritz Ag · VIE:ANDR
Andritz — Investor Day (January 2024)
26 slides from Andritz's investor day presentation, Jan 24, 2024
Slide 1: ANDRITZ Capital Markets Day: Pulp & Paper
ANDRITZ CAPITAL MARKETS DAY PULP & PAPER JARNO NYMARK EXECUTIVE BOARD MEMBER JANUARY 24, 2024
Slide 2: Agenda: Introduction
AGENDA 1 INTRODUCTION 2 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 3: Strong position in all business segments
STRONG POSITION IN ALL BUSINESS SEGMENTS PULP & POWER PAPER & TEXTILE AUTOMATION & SERVICE ~4 BEUR ~4 BEUR DIGITALIZATION 44% 36% 21% Sales included in the other segments 1,502 MEUR* 1,219 MEUR* 708 MEUR Pulp service: #1 Pulp: #1 Board & Tissue: #3 P&P Automation: #3-4 Paper service: #2-3 BFB & CFB
Slide 4: Global expertise and operations
GLOBAL EXPERTISE AND OPERATIONS Regional split of employees Split of employees by Share of business by region and segment business segment 100% 15% 90% 12% 5% 30% 13% Service 11% 80% 28% 27% 9% 40% 21% 20% Pulp & Power 10% 54% 70% 55% 13% 14% 27% 72% Paper & 60% 13% Textile 5% 25% 31% 50% 12% Automa
Slide 5: Agenda: Our sustainability products
AGENDA 2 O U R S U S TAI N AB I L I T Y P R O D U C T S 5 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 6: Supporting our customers to reach and exceed their sustainability targets
SUPPORTING OUR CUSTOMERS TO REACH AND EXCEED THEIR SUSTAINABILITY TARGETS Highlights • Biomass and multifuel boilers for green heat & power generation • Biomass-based systems for lime kiln decarbonization • Air and energy systems for Paper decarbonization • P&P side stream solutions • Cellulose-base
Slide 7: Agenda: Review CMD 2021
AGENDA 3 REVIEW CMD 2021 7 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 8: Review CMD 2021: Roadmap 2022-2024
REVIEW CMD 2021: ROADMAP 2022-2024 What did we promise / What have we achieved? TARGET STATUS Continue profitable growth: Last 4Q: • Revenue > 3,500 MEUR • Revenue 3,952 MEUR • EBITA > 10% • EBITA 10.6% Achieved • Target to reach 1.5 billion + EUR business organically in aftermarket • Service revenu
Slide 9: Agenda: Market development / frame conditions
AGENDA 4 M AR K E T D E V E L O P M E N T / F R AM E C O N D I T I O N S 9 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 10: Our global market is growing, and new initiatives grant additional growth possibilities
OUR GLOBAL MARKET IS GROWING, AND NEW INITIATIVES GRANT ADDITIONAL GROWTH POSSIBILITIES SERVICE PULP & POWER PAPER & TEXTILE AUTOMATION & DIGITALIZATION Underlying mid-term ~2-3% ~2-3% ~2-3% ~2-3% market growth Current strong regional Global South America and Asia Paper: North and South North and So
Slide 11: Attractive end market development
ATTRACTIVE END MARKET DEVELOPMENT Paper Demand Chemical Pulp Demand Bioenergy Use Textile Fiber Demand Nonwovens Demand (million tons) (million tons) Modern Solid Bioenergy (EJ) (million tons) (million tons) 600 200 35 160 25 180 500 30 140 160 20 120 140 25 400 120 100 20 15 300 100 80 15 80 10 60
Slide 12: Capital market shares and the competitive landscape
CAPITAL MARKET SHARES AND THE COMPETITIVE LANDSCAPE Market leader in more fragmented Pulp & Power 100% 90% 80% 70% 60% 50% 40% 30% 20% 31% 10% 17% 0% PULP & POWER PAPER & TEXTILE ANDRITZ Main competitors Others Note: estimated average market shares 2020-2022 12 / ANDRITZ PULP & PAPER / CAPITAL MARKE
Slide 13: Agenda: Strategic direction
AGENDA 5 S T R AT E G I C D I R E C T I O N 13 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 14: Strategic direction
STRATEGIC DIRECTION Continue to support customers in their sustainability targets with focused R&D and the full ANDRITZ offering over the life cycle Actions to grow the business: • Grow share of wallet with key service customers • Take a leading position in digitalizing and plant autonomy in our ind
Slide 15: A full suite for textile recycling
A FULL SUITE FOR TEXTILE RECYCLING Innovative and automated sorting Chemical recycling of textile waste allows to separate clothes, is a vital emerging business area depending on the nature of fibers that completes the picture of and/or colors. textile-to-textile circularity. Preparation of textile
Slide 16: Acquisition of Dan-Web strengthens sustainable pulp business
ACQUISITION OF DAN-WEB STRENGTHENS SUSTAINABLE PULP BUSINESS Dan-Web, based in Galten, Denmark, is a leading supplier of a wide range of technologies for the production of airlaid nonwovens. 2023 technology acquisition to enter the fast-growing market of dry moulded pulp packaging and parts Main mar
Slide 17: Towards zero emissions and zero waste
TO WA R D S Z E R O E M I S S I O N S A N D Z E R O WA S T E CircleToZero is a global ANDRITZ initiative with the goal of achieving zero emissions REDUCE CONSUMPTION OF WATER, ENERGY, CHEMICALS, ETC. SulfoLoop Sulfuric Acid Production Optimizing Na/S -balance REFINE Saving in chemical costs REUSE SI
Slide 18: Groundbreaking autonomous logyard crane: AI driven and eco-friendly log handling
GROUNDBREAKING AUTONOMOUS LOGYARD CRANE: AI DRIVEN AND ECO-FRIENDLY LOG HANDLING The world’s first autonomously operated crane • Artificial intelligence allows detailed tracking and classifying of the wood received in real time • Running on electricity, the crane causes zero CO2 emissions and reduce
Slide 19: Agenda: Financials
AGENDA 6 F I N AN C I AL S 20 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 20: Order intake
ORDER INTAKE IN MEUR 4,182 3,665 3,540 1,686 3,104 2,787 1,514 2,472 1,678 846 839 Pulp & Power 879 Paper & Textile 1,056 625 Service 827 522 765 505 1,618 1,633 1,341 1,324 1,182 911 ** 2018 2019 2020 2021 2022 Last 4Q 21 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 21: Pulp & Paper financial development
PULP & PAPER FINANCIAL DEVELOPMENT FINANCIAL OVERVIEW REVENUE BY SEGMENT* in MEUR 2018 2019 2020 2021 2022 last 4Q Order Intake 2,472 3,540 2,787 3,665 4,182 3,104 1,664 Order backlog (as of end of period) 2,352 3,100 2,457 3,248 4,083 3,624 1,219 915 Revenue 2,127 2,775 3,238 2,953 3,431 3,952 Pulp
Slide 22: Financial targets & ambitions
FINANCIAL TARGETS & AMBITIONS Revenue (in MEUR) EBITA margin (in %) Growth Ambition: CAGR >5% 3,952 Target (rev) 3,431 10.5 11.4 10.6 11-13% 3,238 10.9 (previous 10-11%) 2,953 9.7 9.6 2,775 2,127 2018 2019 2020 2021 2022 Last 4Q 2026 2018 2019 2020 2021 2022 Last 4Q 23 / ANDRITZ PULP & PAPER / CAPIT
Slide 23: Agenda: Outlook
AGENDA 7 OUTLOOK 24 / ANDRITZ PULP & PAPER / CAPITAL MARKETS DAY, JANUARY 24, 2024
Slide 24: Strong fundamentals for profitable growth
STRONG FUNDAMENTALS FOR PROFITABLE GROWTH • Strong position in growing markets • Large, stable, profitable, and growing service business • Technology leader, investing in R&D and developing processes further with the world’s leading P&P companies. • New organization • Ready to digitalize our industr
Slide 25: Questions?
QUESTIONS?
Slide 26: Legal disclaimer
LEGAL DISCLAIMER © ANDRITZ AG 2024 This presentation contains valuable, proprietary property belonging to ANDRITZ AG or its affiliates (“the ANDRITZ GROUP”), and no licenses or other intellectual property rights are granted herein, nor shall the contents of this presentation form part of any sales c