Stora Enso Oyj Class A · OMXHEX:STEAV
Stora Enso Oyj Class A — Shareholder Meeting (March 2025)
20 slides from Stora Enso Oyj Class A's shareholder meeting presentation, Mar 20, 2025
Slide 1: CEO presentation
Hans Sohlström CEO presentation Cover photo: Stora Enso Head Office, entrance hall Photographer: Stora Enso/©Tuomas Uusheimo
Slide 2: Disclaimer
Disclaimer It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by “believes”, “expects”, “anticipates”, “for
Slide 3: Group Leadership Team
Group Leadership Team President and CEO Chief Financial Officer EVP People and EVP Strategy and EVP Legal Hans Sohlström Niclas Rosenlew Communication Sustainability Micaela Thorström Katariina Kravi Tobias Bäärnman EVP Packaging Materials EVP Packaging Solutions EVP Biomaterials EVP Wood Products E
Slide 4: 1. Group strategy
1. Group strategy 2. Achievements 2024 3. The way forward 44
Slide 5: We are the renewable materials company
We are the renewable materials company Purpose: High customer value with efficient operations Financial targets: • Do good for people and the planet maximising shareholder value • Growth per year >5% • Replace non-renewable materials • Net debt to adj. EBITDA < 2 with renewable products • Net debt t
Slide 6: 2. Achievements 2024
1. Group strategy 2. Achievements 2024 3. The way forward Photo: Stora Enso/Puurakentajat Group Oy/Unikuva 6
Slide 7: Sales by geography and end-use segments
Sales by geography and end-use segments 7
Slide 8: Improved results in challenging markets
Improved results in challenging markets Sales 9.4 9.0 BEUR 2023 BEUR 2024 Adjusted ROCE excl. Forest, LTM 1.0% 3.6% 2023 2024 Cashflow from operations 1.0 1.2 BEUR 2023 BEUR 2024 In 1.5 years: Net debt to adjusted EBITDA • OWC reduced by 3.2 3.0 over 700 MEUR • OWC/sales reduced from over 14% to 7%
Slide 9: Increased profit despite higher wood costs
Increased profit despite higher wood costs a Year-on-Year comparison 9
Slide 10: Finalising the heavy investment phase
Finalising the heavy investment phase Capital expenditure development MEUR Strategic capex • High strategic capex phase during 2023 and 2024, due to the 1.1 BEUR consumer board investment at the Oulu site in Finland, is coming to an end • The remaining Oulu strategic capex in 2025 is approximately 1
Slide 11: Proposed dividend in challenging markets
Proposed dividend in challenging markets Target: to distribute 50% of EPS excluding fair valuation over the cycle Long term average 56% 11
Slide 12: 50% less Scope 1 and 2 CO2 emissions reached
50% less Scope 1 and 2 CO2 emissions reached Climate change Circularity Biodiversity -50% 100% Net positive Targets Reduction in absolute Recyclable products Impact on biodiversity emissions by 2030 (Scope 1,2,3) by 2030 by 2050 Committed to reaching -53% net-zero CO2 Scope 1+2 (2024 compared to emi
Slide 13: 3. The way forward
1. Group strategy 2. Achievements 2024 3. The way forward 13 13
Slide 14: Focus on Profit, Performance and Portfolio
Focus on Profit, Performance and Portfolio Deliver on our financial targets: Profit Performance Performance culture Growth per year > 5% Net debt to adj. EBITDA < 2 Performance management Net debt to equity < 60% Adj. ROCE excl. Forest > 13% Capabilities and cross-learning Dividend of EPS
Slide 15: Well-positioned for growth in renewable packaging
Well-positioned for growth in renewable packaging Global renewable packaging demand development by grades 2023-2033 Million tonnes CAGR 2023-2033 +2% 297 Mt 268 Mt Liquid packaging board #1 Globally 238 Mt +3.1% Food service board #1 in Europe (2023: ~10 Mt) +2.0% Cartonboard #1-3 Europe (2023: ~40
Slide 16: Investing to strengthen long-term competitiveness
Investing to strengthen long-term competitiveness Oulu, Finland De Lier, the Netherlands • Mega site • Worlds largest and • Amongst the most most modern cost-competitive corrugated site consumer board mills • Hub serving diverse • Nearby Junnikkala industries like fresh sawmill company to produce, s
Slide 17: Precision Forestry
Aerial, drone Change and harvester Precision Forestry monitoring with AI modelling data utilisation satellites Digital twin of the forest Site-specific Automated and Fact-based biodiversity timely forestry decision making analysis planning 17
Slide 18: Powering ahead
Powering ahead Key achievements • Increased adjusted EBIT by 75% YoY • Good progress in Value Creation Programmes focusing on operations, sourcing and commercial excellence • Fixed costs reduced by 110 MEUR • Capital release from OWC by >700 MEUR in 1.5 years, from >14% to 7% OWC/sales ratio end of
Slide 19: Thank you for your support and trust
Thank you for your support and trust
Slide 20: Slide 20