Valmet Corp · OMXHEX:VALMT

Valmet — Non-Deal Roadshow (August 2022)

91 slides from Valmet's roadshow presentation, August 2022

  1. Slide 1: Valmet – unique offering with process technology, automation and services

    Valmet – unique offering with process technology, automation and services Roadshow presentation August 2022

  2. Slide 2: Agenda

    Agenda Valmet roadshow presentation 1 Valmet in brief 2 Investment highlights 3 Financials 4 Summary 2 August 2022 © Valmet | Roadshow presentation

  3. Slide 3: Valmet in brief

    Valmet in brief Valmet <>

  4. Slide 4: We have strong market shares and unique offering

    We have strong market shares and unique offering Process technologies Services Automation Board and Pulp and Flow Control Automation Paper Energy Systems Market position in Market position in Market position Market position Market position Pulp and Paper Pulp and Paper #1 #1–3 #1–2 #1 #1–3 Strong po

  5. Slide 5: Valmet’s development since 2013

    Valmet’s development since 2013 Orders received Net sales Comparable EBITA Comparable EBITA margin (EUR billion) (EUR billion) (EUR million) (%) 5.5 5.5 600 12% 5.0 5.0 500 10% 4.5 4.5 4.0 4.0 400 8% 3.5 3.5 3.0 3.0 300 6% 2.5 2.5 2.0 2.0 200 4% 1.5 1.5 1.0 1.0 100 2% 0.5 0.5 0 0% 0.0 0.0 2013 2016

  6. Slide 6: Valmet has three strong segments

    Valmet has three strong segments Illustrative key figures for LTM Q2/2022 Net sales by segment Comparable EBITA by segment Orders received EUR 5,347 million Net sales EUR EUR EUR EUR 4,882 million 1,133 198 163 million EUR million million Comparable EBITA 2,294 million EUR 534 million EUR Comparable

  7. Slide 7: Global presence creating a good platform for growth in Services and Automation

    Global presence creating a good platform for growth in Services and Automation EMEA 11,001 employees ~140 service centers China 2,296 employees 54 North America production units 2,018 employees 24 R&D centers Asia-Pacific 8 1,549 employees Performance South America Centers 806 employees Personnel as

  8. Slide 8: Valmet’s Way Forward

    Valmet’s Way Forward Vision Continuous improvement and To become the global champion in serving our customers and in Strategy renewal moving the industries forward Valmet develops and supplies competitive and Must-Wins reliable process technologies, services and  Customer excellence automation to t

  9. Slide 9: Valmet’s R&D is aiming to address global megatrends

    Valmet’s R&D is aiming to address global megatrends R&D focus areas • Promotion of renewable materials • Raw material, water and energy efficiency • Emission reductions • Circularity • Productivity and environmental improvements with digitalization 24 EUR 98 million ~1,300 research and R&D spending

  10. Slide 10: Acknowledged leader in sustainability

    Acknowledged leader in sustainability 360º approach to sustainability across value chain Environmental Engaged efficiency workplace Good sustainability ratings  In Dow Jones Sustainability Index for the Climate Health and safety eighth consecutive year  AAA rating in the MSCI ESG Ratings assessmen

  11. Slide 11: Valmet´s Climate Program: Forward to a carbon neutral future

    Valmet´s Climate Program: Forward to a carbon neutral future Targets by 2030 for the entire value chain SUPPLY CHAIN OWN OPERATIONS USE PHASE OF VALMET’S TECHNOLOGIES -20% -80% -20% 100% CO2 emission reduction CO2 emission reduction Further reduced energy use Carbon neutral production of Valmet’s cu

  12. Slide 12: Financial targets aligned with Valmet’s financial reporting structure

    Financial targets aligned with Valmet’s financial reporting structure Growth Profitability ROCE Dividend policy Net sales for Services and Comparable EBITA: Comparable return on Dividend payout at least Automation segments to 12–14% capital employed (ROCE) 50% of net profit grow over two times the b

  13. Slide 13: Investment highlights

    Investment highlights Valmet <>

  14. Slide 14: Investment highlights

    Investment highlights 1 Strong position in the growing market of converting renewables 2 Unique offering combining process technology, services and automation 3 EUR 2.8 billion recurring and steadily growing stable business 4 Services: The widest offering and strong geographical presence 5 Flow Cont

  15. Slide 15: Strong position in the growing market of converting renewables

    1 2 3 4 5 6 7 8 9 Strong position in the growing market of converting renewables Process Technologies Services Automation #1 #1 #1 #1-2 #1-3 #1-2 #1 in pulp & paper #1-3 in pulp & paper Board Tissue Paper Pulp Energy Flow Control Automation Systems 3.5 2.0 8.0 0.9 2.1 EUR bn EUR bn EUR bn EUR bn EUR

  16. Slide 16: Unique offering combining process technology, services and automation

    1 2 3 4 5 6 7 8 9 Unique offering combining process technology, services and automation Paper Pulp Energy • Board, paper and tissue production lines • Wood and pulp handling • Heat and power generation • Rebuilds • Fiber processing • Air emission control • Stand-alone products • Recovery • Biofuels

  17. Slide 17: EUR 2.8 billion recurring and steadily growing stable business

    1 2 3 4 5 6 7 8 9 EUR 2.8 billion recurring and steadily growing stable business • Valmet’s stable business has grown Orders received (EUR million) steadily since 2014 3,000 2,835 • Future growth possibilities are supported 516 by favorable megatrends 2,500 680 • Stable business provides resilience

  18. Slide 18: Services: The widest offering and strong geographical presence

    1 2 3 4 5 6 7 8 9 Services: The widest offering and strong geographical presence Services business line  Widest offering to support customers’ all service needs Services business line Orders received (EUR million)  Benefits from growing installed base  Strong geographical presence close to custom

  19. Slide 19: Flow Control: Strong and diversified offering across many process industries

    1 2 3 4 5 6 7 8 9 Flow Control: Strong and diversified offering across many process industries Flow control business line  Leading position as a flow control solution provider Flow Control business line Orders received (EUR million)  Market leadership in pulp & paper and industrial gases Sales by

  20. Slide 20: Automation Systems: Maximizing efficiency and safety of our customers

    1 2 3 4 5 6 7 8 9 Automation Systems: Maximizing efficiency and safety of our customers Automation Systems business line  Solutions range from single measurements to plant-wide Automation Systems business line process automation systems Orders received (EUR million)  Designed to maximize safety, s

  21. Slide 21: Paper: World-class technology for packaging and hygiene needs

    1 2 3 4 5 6 7 8 9 Paper: World-class technology for packaging and hygiene needs Paper business line  Offering includes world-leading technology and products Paper business line for board, tissue and paper making Orders received (EUR million) Net sales (EUR million)  Long-term growth supported by f

  22. Slide 22: Pulp and Energy: Strong business with high market share and flexible cost structure

    1 2 3 4 5 6 7 8 9 Pulp and Energy: Strong business with high market share and flexible cost structure Pulp and Energy business line  Offering includes full pulp mills and energy solutions for Pulp and Energy business line biomass and emission control Orders received (EUR million) Net sales (EUR mil

  23. Slide 23: Systematically building the future with continuous improvement

    1 2 3 4 5 6 7 8 9 Systematically building the future with continuous improvement Customer Technology Process People Valmet’s way to serve: Develop new products Continue to improve Continuous development Lifecycle collaboration and technologies project management of employees through between the cust

  24. Slide 24: Financials

    Financials Valmet <>

  25. Slide 25: Key figures

    Key figures EUR million Q2/2022 Q2/2021 Change Q1–Q2/2022 Q1–Q2/2021 Change Orders received 1,306 1,228 6% 2,631 2,540 4% Order backlog1 4,784 4,019 19% 4,784 4,019 19% Net sales 1,286 943 36% 2,246 1,801 25% Comparable EBITA 122 95 29% 202 175 15% % of net sales 9.5% 10.1% -0.5 pp 9.0% 9.7% -0.7 pp

  26. Slide 26: Segment key figures

    Segment key figures Orders received, EUR million Q2/2022 Q2/2021 Change Q1–Q2/2022 Q1–Q2/2021 Change Services 460 370 24% 911 752 21% Automation 305 116 >100% 452 239 89% Process Technologies 542 742 -27% 1,268 1,549 -18% Total 1,306 1,228 6% 2,631 2,540 4% Net sales, EUR million Q2/2022 Q2/2021 Cha

  27. Slide 27: Comparable EBITA margin development

    Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %)1 4,380 Target 12–14% 3,935 3,740 10.4% 3,547 3,325 10.9% 2,928 2,926 3,058 7.7% 9.8% Capital Business 2,473 7.1% 8.9% 6.7% 6.2% 2,294 Stable business 1,832 2,079 2,163 4.3% 1,584 1,799 2,086 1,572 1,473 Comparable

  28. Slide 28: Guidance and short-term market outlook

    Guidance and short-term market outlook Guidance for 2022 (Published on April 1, 2022) Guidance Valmet estimates that, including the merger with Neles, net sales in 2022 will increase in comparison with 2021 (EUR 3,935 million) and Comparable EBITA in 2022 will increase in comparison with 2021 (EUR 4

  29. Slide 29: Summary

    Summary Valmet <>

  30. Slide 30: Investment highlights

    Investment highlights 1 Strong position in the growing market of converting renewables 2 Unique offering combining process technology, services and automation 3 EUR 2.8 billion recurring and steadily growing stable business 4 Services: The widest offering and strong geographical presence 5 Flow Cont

  31. Slide 31: 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

  32. Slide 32: FORWARD

    FORWARD

  33. Slide 33: Appendix

    Appendix 1 Financials 2 Growth and profitability improvement 3 Shareholders and share price development 4 Strategy and offering 5 Management and remuneration 33 August 2022 © Valmet | Roadshow presentation

  34. Slide 34: Financials

    Appendix ; Financials Valmet <>

  35. Slide 35: Quarterly Comparable EBITA margin development

    Quarterly Comparable EBITA margin development 12.5% 12.2% Target 12–14% Net sales and Comparable EBITA (EUR million and %) 1,167 11.4% 1,103 10.1% 11.5% 9.5% 10.9% 9.4% 9.5% 967 984 10.7% 919 943 935 901 8.3% 854 8.4% 844 8.0% 857 8.3% 832 858 777 779 804 7.5%785 7.8% 821 734 7.3% 732 715 6.9% 732 7

  36. Slide 36: Services: Orders received increased to EUR 911 million in H1/2022

    Services: Orders received increased to EUR 911 million in H1/2022 Orders received (EUR million) Net sales (EUR million) Comparable EBITA (EUR million and % of net sales) H1/2021: H1/2022: H1/2021 : H1/2022 : H1/2021 : H1/2022 : EUR 752 million EUR 911 million EUR 625 million EUR 720 million EUR 83 m

  37. Slide 37: Automation: Orders received increased to EUR 452 million in H1/2022

    Automation: Orders received increased to EUR 452 million in H1/2022 Automation segment includes Automation Systems and starting from Q2/2022 also Flow Control Orders received (EUR million) Net sales (EUR million) Comparable EBITA (EUR million and % of net sales) H1/2021: H1/2022: H1/2021: H1/2022: H

  38. Slide 38: Flow Control: Strong start as part of Valmet

    Flow Control: Strong start as part of Valmet Orders received (EUR million)* Net sales (EUR million)* Q2/2021: Q2/2022: Q2/2021: Q2/2022: EUR 151 million* EUR 198 million EUR 146 million* EUR 177 million 800 714 800 681 660 678 700 628 625 700 611 590 593 576 600 555 600 528 522 504 500 500 400 400 3

  39. Slide 39: Automation Systems: Orders received increased to EUR 253 million in H1/2022

    Automation Systems: Orders received increased to EUR 253 million in H1/2022 Orders received (EUR million) Net sales (EUR million) H1/2021: H1/2022: H1/2021: H1/2022: EUR 239 million EUR 253 million EUR 161 million EUR 203 million 600 600 467 481 500 500 454 416 415 402 412 368 386 393 400 337 400 33

  40. Slide 40: Process Technologies: Orders received decreased to EUR 1,268 million in H1/2022

    Process Technologies: Orders received decreased to EUR 1,268 million in H1/2022 Orders received (EUR million) Net sales (EUR million) Comparable EBITA (EUR million and % of net sales) H1/2021: H1/2022: H1/2021: H1/2022: H1/2021: H1/2022: EUR 1,549 million EUR 1,268 million EUR 1,015 million EUR 1,14

  41. Slide 41: Pulp and Energy business line: Orders received decreased to EUR 581 million in H1/2022

    Pulp and Energy business line: Orders received decreased to EUR 581 million in H1/2022 Orders received (EUR million) Net sales (EUR million) H1/2021: H1/2022: H1/2021: H1/2022: EUR 778 million EUR 581 million EUR 463 million EUR 542 million 1,600 1,600 1,344 1,400 1,400 1,125 1,160 1,200 1,200 1,101

  42. Slide 42: Paper business line: Orders received decreased to EUR 688 million in H1/2022

    Paper business line: Orders received decreased to EUR 688 million in H1/2022 Orders received (EUR million) Net sales (EUR million) H1/2021: H1/2022: H1/2021: H1/2022: EUR 772 million EUR 688 million EUR 552 million EUR 604 million 1,800 1,634 1,800 1,550 1,600 1,600 1,400 1,400 1,194 1,076 1,141 1,2

  43. Slide 43: Orders received and net sales split in 2021

    Orders received and net sales split in 2021 Orders received (EUR million and % of total) Net sales (EUR million and % of total) 1,481 1,141 1,634 29% 1,360 31% 34% 35% Services Services Automation Automation Pulp and Energy Pulp and Energy Paper Paper 467 10% 412 1,022 1,160 26% 10% 24% 544 725 377

  44. Slide 44: Business lines in 2021: Stable business

    Business lines in 2021: Stable business Services business line Automation Systems business line 18% 10% 9% 15% 26% 10% 11% 30% 35% Orders received Orders received 7% 18% 9% 74% 13% 16% 41% 59% Performance parts Rolls North America Pulp and Paper North America Fabrics South America Energy and Process

  45. Slide 45: Business lines in 2021: Capital business

    Business lines in 2021: Capital business Pulp and Energy business line Paper business line 13% 2% 14% 13% 11% 22% 24% 7% Orders received Orders received 14% 16% 24% 78% 79% 48% 37% Pulp North America Board North America Energy South America Paper South America EMEA Tissue EMEA China China Asia-Pacif

  46. Slide 46: Areas: Orders received and net sales development

    Areas: Orders received and net sales development North America South America EMEA China Asia-Pacific (EUR million and % of total) 2,022 Orders received 1,690 1,594 1,606 1,470 1,508 1,420 1,320 880 885 804 755 717 686 730 621 725 670 696 48% 46% 51% 46% 588 533 43% 42% 43% 572 523 586 544 414 490 24

  47. Slide 47: Areas: Business line split in 2021

    Areas: Business line split in 2021 North America South America EMEA China Asia-Pacific 18% Orders received 25% 21% 38% 3% 31% 30% 28% 4% 39% 3% 54% 9% 62% 11% 22% 6% 40% 28% 27% Services Services Services Services Services Automation Systems Automation Systems Automation Systems Automation Systems A

  48. Slide 48: Announced orders booked in H1/2022

    Announced orders booked in H1/2022 Booked Date Description Business line Country Value quarter Q1 Feb 2 Waste-to-energy boiler to Thang Long Energy Environment Joint Pulp & Energy Vietnam Not disclosed. The value of an order of this type is around EUR 20–30 million. Stock Company Q1 Apr 5 Fiberline

  49. Slide 49: Announced orders booked in H2/2021

    Announced orders booked in H2/2021 Booked Date Description Business line Country Value quarter Q3 Jul 7 Turnkey biopower plant for the city of Salzburg Pulp and Energy Austria Not disclosed. Q3 Sep 17 Container board making line to Kipas Kagit Paper Turkey Not disclosed. The total value of an order

  50. Slide 50: Announced orders booked in H1/2021

    Announced orders booked in H1/2021 Booked Date Description Business line Country Value quarter Q1 Jan 15 Extensive tissue machine rebuild for Metsä Tissue Paper Finland Not disclosed Q1 Jan 29 Textile recycling plant's main equipment for Renewcell Pulp and Energy Sweden Around EUR 25 million Q1 Feb

  51. Slide 51: Orders received increased to EUR 1,306 million in Q2/2022

    Orders received increased to EUR 1,306 million in Q2/2022 Orders received in H1/2022 by area Orders received (EUR million) Asia- 2,000 5,000 Pacific North 11% America 1,800 4,500 22% 1,600 4,000 1,400 3,500 China 16% 1,200 3,000 South 1,000 2,500 America 800 2,000 7% 1,312 1,324 1,306 600 1,101 1,08

  52. Slide 52: Stable business orders received totaled EUR 2,319 million during the last twelve months

    Stable business orders received totaled EUR 2,319 million during the last twelve months Orders received (EUR million) in stable business 2,500 2,319 2,000 1,947 1,875 680 1,701 1,772 1,609 467 1,519 416 1,500 386 415 1,367 368 337 248 1,055 1,000 1,639 1,459 1,356 1,481 1,242 1,315 1,055 1,119 1,182

  53. Slide 53: Order backlog EUR 4,784 million at the end of Q2/2022

    Order backlog EUR 4,784 million at the end of Q2/2022 Order backlog (EUR million) Structure of order backlog by segment 6,000 ~15% 5,000 4,784 4,096 ~65% 4,000 ~20% 3,333 3,257 3,000 2,829 2,458 2,283 1,998 2,074 2,000 1,000 Process Technologies Services Automation 0 2014 2015 2016 2017 2018 2019 20

  54. Slide 54: Gross profit and SG&A development

    Gross profit and SG&A development Gross profit (EUR million and % of net sales) SG&A (EUR million and % of net sales) 1,200 30% 1,200 30% 1,062 1,000 25% 1,000 25% 24% 800 20% 800 20% 697 600 15% 600 15% 16% 400 10% 400 10% 200 5% 200 5% 0 0% 0 0% 2014 2015 2016 2017 2018 2019 2020 2021 Q2/2022 2014

  55. Slide 55: Capital employed, Comparable ROCE and EPS

    Capital employed, Comparable ROCE and EPS Capital employed (EUR million) and Comparable return on capital Earnings per share (EPS) and Adjusted EPS, EUR employed (ROCE), before taxes (%) 2.24 3,244 2.09 23% 23% 22% 20% 1.54 16% 16% 1.35 14% 1,808 13% 1,639 1.01 10% 1,231 1,314 1,195 1,137 0.81 1,150

  56. Slide 56: Dividend and balance sheet

    Dividend and balance sheet Dividend payout at least 50% of net profit Track record Balance sheet and cash flow Dividend per share (EUR) and payout ratio (%) Net debt (EUR million) Cash flow provided by operating activities Net debt / EBITDA ratio Net working capital Target 200 2 600 >50% 150 178 1.5

  57. Slide 57: Orders received and profitability development, annual

    Orders received and profitability development, annual Orders received (EUR million)1 Net sales and Comparable EBITA (EUR million)1 4,740 3,935 Pulp and 3,740 Energy, and 3,986 3,547 10.9% 3,722 3,653 3,325 9.8% Paper business 3,272 3,014 2,928 2,926 3,058 8.9% lines 3,225 3,139 3,071 2,703 7.7% 2,87

  58. Slide 58: Growth and profitability improvement

    Appendix Growth and profitability improvement

  59. Slide 59: Actions to keep growing faster than the market

    Actions to keep growing faster than the market Net sales growth Stable business Capital business • Win new customers and increase share of wallet • Benefit from strong favorable megatrends in with existing customers Board, Tissue, Pulp and Energy • Grow service sales and multi-year service • Continu

  60. Slide 60: Procurement and quality cost development

    Procurement and quality cost development Implemented procurement savings of annual direct spend Quality costs (% of net sales) 4.3% 4.4% 4.3% 4.0% 3.8% 3.9% 3.7% 3.8% 4.0% 3.6% 3.1% 2.9% >3.0% 2.6% 2.8% 2.4% 2.2% 2.2% 1.9% <1.3% 2013 2014 2015 2016 2017 2018 2019 2020 2021 Annual goal 2013 2014 2015

  61. Slide 61: Merger of Valmet and Neles created a leading company with a unique offering

    Merger of Valmet and Neles created a leading company with a unique offering for process industries globally  Merger of Valmet and Neles was registered and the combination of Valmet’s and Neles’ business operations completed on April 1, 2022  Valmet acquired 29.5% of Neles shares in 2020 for EUR 45

  62. Slide 62: Acquisitions

    Acquisitions • Valmet’s acquisition strategy is to make Track record of successful acquisitions selective acquisitions with a clear industrial logic to support organic growth 2015 2019 2020 2021 2022 ‒ Focus on strengthening services and Automation GL&V 29.5% share EWK Merger in Neles ECP with Neles

  63. Slide 63: Valmet strengthened its business by acquiring PMP Group in 2020

    Valmet strengthened its business by acquiring PMP Group in 2020 Focus on small and medium-sized tissue machines and board and paper machine rebuilds Key information about the acquisition • PMP Group supplies process technologies and services for tissue, Net sales in 2019 EUR ~70 million board and pa

  64. Slide 64: Valmet strengthened its stable business through acquisitions

    Valmet strengthened its stable business through acquisitions Valmet completed the acquisitions of GL&V and J&L Fiber Services in Q2/2019 • GL&V is a supplier of technologies, upgrade and process • J&L Fiber Services is a manufacturer and provider of refiner optimization services, rebuilds and spare

  65. Slide 65: Shareholders and share price development

    Appendix Shareholders and share price development

  66. Slide 66: Largest shareholders on July 31, 2022

    Largest shareholders on July 31, 2022 Based on indicative data collected by Modular Finance # Shareholder name Number of shares % of shares and votes 1 Solidium Oy 18,640,665 10.10 % 2 Oras Invest Oy 7,572,691 4.10 % 3 Swedbank Robur Fonder 5,922,858 3.21 % 4 Ilmarinen Mutual Pension Insurance Compa

  67. Slide 67: Shareholder structure on July 31, 2022

    Shareholder structure on July 31, 2022 Based on Euroclear data. The classification of sectors determined by Statistics Finland. Sector Number of shareholders % of total shareholders Number of shares % of shares Nominee registered and non-Finnish holders 476 0.58 93,466,669 50.65 Finnish institutions

  68. Slide 68: Share of non-Finnish holders and number of shareholders

    Share of non-Finnish holders and number of shareholders Valmet has 82,806 shareholders and 50.7% of the shares are held by investors outside Finland 85,000 58% 57% 80,000 56% 75,000 55% 70,000 54% 53% 65,000 52% 60,000 51% 55,000 50% 49% 50,000 48% 45,000 47% 40,000 46% 12/2013 04/2014 08/2014 12/20

  69. Slide 69: Valmet share price development

    Valmet share price development Valmet share price development vs OMXH price index, last 3 years Share price Valmet OMX Helsinki 45 December 31, 2021 37.72 12,862 July 29, 2022 27.08 10,975 40 High 38.59 13,160 35 Low 22.79 9,550 Market cap (EUR million) 4,997 30 25 Volume 2022 % of outstanding 20 To

  70. Slide 70: Strategy and offering

    Appendix Strategy and offering

  71. Slide 71: Valmet’s Way Forward

    Valmet’s Way Forward Vision Continuous improvement and To become the global champion in serving our customers and in Strategy renewal moving the industries forward Valmet develops and supplies competitive and Must-Wins reliable process technologies, services and  Customer excellence automation to t

  72. Slide 72: Services segment

    Services segment Rolls and Workshop Board, Paper and Pulp and Energy Performance Parts Services Fabrics Tissue Solutions Solutions Spare parts and Rolls, roll covers and Paper machine clothing Improvement Projects, Improvement Projects, Field consumables maintenance, workshop and filter fabrics Fiel

  73. Slide 73: Our way to serve - Right combination of services for every stage in the lifecycle

    Our way to serve - Right combination of services for every stage in the lifecycle Our services offering Maintenance Industrial Spare and Workshop and Process Fabrics development & Field services Internet process parts roll services upgrades outsourcing solutions Delivery models Service products Serv

  74. Slide 74: Flow Control business line offering

    Flow Control business line offering Valves Valve automation Valve controls • Control valves High-performing pneumatic, electric and Automatic valve controllers and valve • Automated on/off valves manual actuators designed to maximize cycle positioners to improve process efficiency and life and impro

  75. Slide 75: Automation Systems business line offering

    Automation Systems business line offering Delivered as products and technology, projects and service agreements Distributed Quality Analyzers and Industrial Internet Automation control systems management measurements solutions services • Highly integrated • Quality control • For measuring and • Adva

  76. Slide 76: Future-proof automation solutions and services

    Future-proof automation solutions and services Our automation Distributed control Industrial Quality Analyzers and Industrial Internet Automation offering systems applications management measurements solutions services Delivery models Automation products and technology Automation projects Service ag

  77. Slide 77: Automation Systems business line offering and market overview

    Automation Systems business line offering and market overview Advanced automation and process monitoring solutions and services: Over 4,500  Distributed Control System (DCS) – Valmet DNA  Industrial internet solutions automation systems  Performance solutions  Automation services and over 40,000

  78. Slide 78: Pulp and Energy business line offering

    Pulp and Energy business line offering Leading global technology supplier Pulp Energy Pulp Biomass conversion Energy Emission control • Chemical pulp mill • Pretreatment for bioethanol Technology for biomass and municipal • Power plant flue gas cleaning  Wood handling production and industrial resi

  79. Slide 79: Paper business line offering

    Paper business line offering Stock preparation and recycled fiber Board and paper Tissue • Stock preparation lines  Board and paper production lines  Tissue production lines – Recycled fiber lines – Technologies for all board and paper grades – Technologies for all tissue grades and products – Sto

  80. Slide 80: Full scope offering for the pulp and paper industry

    Full scope offering for the pulp and paper industry Technologies Automation Services 1 Wood handling 6 Recycled fiber • Distributed Control System • Mill and plant improvements (DCS) • Spare and wear parts 2 Heat and power 7 Mechanical fiber • Performance solutions • Paper machine clothing productio

  81. Slide 81: Our offering for energy industry and biotechnologies

    Our offering for energy industry and biotechnologies Technologies Automation Services 1 Fuel handling 5 Modularized • Distributed Control System • Plant improvements power plants (DCS) • Rebuilds 2 Gasification • Performance solutions • Performance services 6 Prehydrolysis 3 Boiler and flue For biof

  82. Slide 82: Continuous investment in research and development to improve customers’ processes

    Continuous investment in research and development to improve customers’ processes Example of our R&D work – Valmet’s R&D focus Valmet’s R&D resources OptiConcept M board and paper Customers’ needs machine • Increase production • Modularized and • Own R&D centers and efficiency standardized products

  83. Slide 83: Growth accelerator: Valmet Industrial Internet - VII

    Growth accelerator: Valmet Industrial Internet - VII Dialogue with data to move our customers performance forward Valmet Performance Center delivering remote support Recent development  VII solutions in place for all customer segments  Development of Mill Wide Optimization application  Asset Perf

  84. Slide 84: Typical dimensions of pulp mills, and paper, board and tissue machines

    Typical dimensions of pulp mills, and paper, board and tissue machines Paper and board machine Pulp mill Length 140 m, equivalent to a line of ~30 cars Speed: 72 km/h Production: 400,000 t/a Width 7 m Tissue machine Length 40 m, equivalent to a line of ~9 cars • Mill site area: 500,000 – 5,000,000 m

  85. Slide 85: Management and remuneration

    Appendix Management and remuneration

  86. Slide 86: Board of Directors

    Board of Directors Mikael Mäkinen Jaakko Eskola Aaro Cantell Anu Hämäläinen (b. 1956) (b. 1958) (b. 1964) (b. 1965) Chairman of Vice-Chairman of Vice-Chairman of Board member the Board the Board the Board Finnish citizen Finnish citizen Finnish citizen Finnish citizen • M.Sc. (Econ.) • M.Sc. (Eng.)

  87. Slide 87: Executive Team

    Executive Team Corporate Pasi Laine Katri Hokkanen Julia Macharey Anu Salonsaari-Posti President and CEO CFO SVP, Human Resources and SVP, Marketing, Communications, Share ownership: 177,137 Share ownership: 5,598 Operational Development Sustainability and Corporate Relations Share ownership: 38,319

  88. Slide 88: Remuneration of the President and CEO

    Remuneration of the President and CEO  The remuneration of the President and CEO is comprised of – fixed base salary (incl. taxable benefits1) – short-term and long-term incentives, and – pension and insurance benefits  The relative proportion of the variable pay elements at maximum level is 2–3 t

  89. Slide 89: Remuneration of the Executive Team

    Remuneration of the Executive Team  The remuneration of the Executive Team members comprises – fixed base salary (incl. monthly salary and taxable benefits1) – short-term and long-term incentives, and – a supplementary pension plan  Additional pension benefit in the form of a defined contribution

  90. Slide 90: The Performance Share Plan for Executive Team members

    The Performance Share Plan for Executive Team members  Includes a three-year performance period parallel to a one-year performance period  One-year performance measures are based on long-term strategic and financial targets. They are measured independently and have remained the same for the past e

  91. Slide 91: FORWARD

    FORWARD

Valmet — Non-Deal Roadshow (August 2022) on 6ix