Metso Corporation · OMXHEX:METSO
Metso — Metso Outotec — Q2 2026 Earnings Presentation
18 slides from Metso's earnings presentation, Jul 24, 2026
Slide 1: Q2/2026 results
Q2/2026 results Sami Takaluoma, President and CEO Pasi Kyckling, CFO July 24, 2026
Slide 2: Agenda
Agenda Q2 performance Strategy progress and outlook Financials and cash flow Metso's strategy 2030: Q&A We go beyond. July 24, 2026
Slide 3: Q2 performance
Q2 performance Sami Takaluoma President and CEO
Slide 4: Key figures in Q2
Key figures in Q2 Orders received Sales 1,462 million 1,334 million +18% YoY +6% YoY +16% organic in +5% organic in constant currencies constant currencies Adjusted EBITA Operating cash flow 221 million 206 million +21% YoY 915 million rolling 12 months 16.6% margin 98% 12-month cash conversion July
Slide 5: Strong order growth and margin improvement
Strong order growth and margin improvement Target 18% • Orders +18%, with 16% growth in 1,800 16.4 16.7 16.8 16.7 16.6 18.0 16.1 16.1 16.2 constant currencies and book-to- 15.9 1,555 14.5 1,501 bill of 1.10 (0.99) 1,500 1,466 1,465 1,443 1,462 15.0 1,383 1,328 1,334 1,300 • Minerals drove growth wit
Slide 6: Investing in service capacity, technology and customer proximity to support future growth
Investing in service capacity, technology and customer proximity to support future growth • Service footprint expanded ◦ San Juan, Argentina ◦ Mesa, Arizona, USA ◦ Prince George, BC, Western Canada • Technology portfolio strengthened ◦ Primarok™, Optirok™, and Durarok™ primary crushers ◦ Enhanced li
Slide 7: Outlook unchanged; stable market activity expected
Outlook unchanged; stable market activity expected Market activity in both Minerals and Aggregates is expected to remain at the current level. According to the company's disclosure policy, Metso’s market outlook describes the expected sequential development of market activity, adjusting for seasonal
Slide 8: Financials and cash flow
Financials and cash flow Pasi Kyckling CFO
Slide 9: Broad Minerals momentum drove Q2 order growth
Broad Minerals momentum drove Q2 order growth Order bridge +18% 2,000 135 55 6 24 4 1,462 1,241 EUR million -3 1,000 0 Q2/25 Minerals Minerals Aggregates Aggregates Currency Structural Q2/26 equipment aftermarket equipment aftermarket impact changes Sales bridge 2,000 +6% 1,257 79 30 15 1,334 EUR mi
Slide 10: Margin expansion supported by volume, mix and operational efficiency
Margin expansion supported by volume, mix and operational efficiency Adjusted EBITA 300 14.5% 16.6% 26 221 24 200 183 -7 -5 EUR million 100 0 Q2/25 Volume Gross margin Selling, general and Other* Q2/26 administrative expenses Earnings per share, continuing operations 0.20 0.17 0.16 0.16 0.16 0.15 0.
Slide 11: Healthy cash generation; 12-month conversion at 98%
Healthy cash generation; 12-month conversion at 98% Cash flow from operations, Y-o-Y 12-month cash flow and cash conversion 250 2000 125% 106% 66 99% 98% 4 206 93% 100% 200 1500 -11 74% EUR million 69% 70% 75% 63% 63% 974 147 1000 895 915 150 856 54% EUR million 686 597 576 615 610 50% 506 500 100 2
Slide 12: Strong balance sheet supports strategy execution
Strong balance sheet supports strategy execution Target <1.5 • Net debt / EBITDA at 1.3, below the target 1,500 2.5 ceiling of 1.5 1,285 1,250 1,214 1,156 1,173 2.0 • Liquidity position remains robust 1,036 1,070 1,135 1,092 1,126 1,000 • Cash and cash equivalents EUR 383 million 1.5 1.5 EUR million
Slide 13: Aggregates: stable demand and improved profitability
Aggregates: stable demand and improved profitability Target 17% • Orders EUR 333 million (EUR 331 million) 600 17.0 18.0 16.6 16.3 16.1 16.0 16.0 16.2 16.0 • +1% organic growth in constant currencies 15.6 500 14.1 15.0 • Demand strong in North America; Europe 440 somewhat softer 400 400 365 12.0 • E
Slide 14: Minerals: strong equipment demand, aftermarket growth and higher margin
Minerals: strong equipment demand, aftermarket growth and higher margin 20% Target • Orders EUR 1,129 million (EUR 910 million) 18.3 20.0 1,500 18.1 18.0 17.6 • +21% organic growth in constant currencies 17.3 17.1 17.1 16.8 17.1 18.0 16.5 • Equipment orders +50%, driven by crushing and 16.0 grinding
Slide 15: Summary
Summary • Strong Minerals demand drove orders growth • Healthy Minerals pipeline continues • Margin improvement in both segments • Cash conversion remained strong at 98% • Continued investment in future growth July 24, 2026 July 24, 2026
Slide 16: Forward looking statements
Forward looking statements It should be noted that certain statements herein which Such factors include, but are not limited to: are not historical facts, including, without limitation, those regarding expectations for general economic 1) general economic conditions, including fluctuations in develo
Slide 17: Metso Q&A
Qé&A Metso
Slide 18: Partner for positive change
Partner for positive change metso.com