Slide 1: Annual Results 2024
Annual Results 2024 Dr. Suzanne Thoma | Executive Chairwoman Thomas Zickler | CFO
Slide 2: We serve essential industries to contribute to a prosperous economy and sustainable society
We serve essential industries to contribute to a prosperous economy and sustainable society Annual Results 2024 presentation, 27.2.2025
Slide 3: A strong industrial company that truly creates value
A strong industrial company that truly creates value Sulzer’s value proposition Serving essential markets: Key to economic prosperity and the sustainability of societies Continuously growing Building block of Sulzer’s resilience Annual Results 2024 presentation, 27.2.2025 3
Slide 4: Results 2024
Results 2024 Strategy implementation picks up speed Double-digit order intake Double-digit sales growth Strong profitability improvements Good financial health Annual Results 2024 presentation, 27.2.2025 4
Slide 5: Results 2024
Results 2024 Sales (CHFm) EBITA (CHFm) ROCE 3’530.6 436.2 19.7% Order Intake (CHFm) FCF (CHFm) ONCF (CHFm) 3’848.6 234.9 344.5 Annual Results 2024 presentation, 27.2.2025 5
Slide 6: Key figures: comparison 2024 to 2023
Key figures Comparison 2024 to 2023 Sales* EBITA* ROCE +10.8% +24.7% +200bps Order Intake* FCF ONCF +10.8% -22.1% -7.9% * in constant currencies adjusted for acquisition / disposal and deconsolidation effects Annual Results 2024 presentation, 27.2.2025 6
Slide 7: Sulzer accelerates value creation
Sulzer accelerates value creation 10-year development of ROCE 19.7% 17.7% 14.7% 11.7% 9.0% 7.0% 7.0% 5.8% 5.4% 4.8% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Annual Results 2024 presentation, 27.2.2025 7
Slide 8: Dividend proposal: CHF 4.25 per share
Dividend proposal CHF 4.25 per share Annual Results 2024 presentation, 27.2.2025 8
Slide 9: Financials 2024
Financials 2024 Thomas Zickler CFO 9
Slide 10: Continued double-digit growth in Order Intake & Sales
Continued double-digit growth in Order Intake & Sales Order intake | in CHFm Sales | in CHFm Order intake Strong growth across all three divisions +10.8% +10.8% Order intake margin plus 110 bps 3’849 3’531 Sales Growth between 9% and 12% in the Divisions 3’580 3’282 Currency effect Significantly low
Slide 11: Profitability up by 130 bps and ROCE by 200 bps
Profitability up by 130 bps and ROCE by 200 bps Operational Profit | in CHFm ROCE | in CHFm Operational profitability Mainly driven by better gross margins and 19.7% execution of operational excellence initiatives 12.4% 436 17.7% ROCE increase 11.1% CAPEX invested mainly in more profitable 366 busin
Slide 12: Flow: Momentum in growth and excellence drives higher profitability
Momentum in growth and excellence drives higher profitability Flow Order intake Sales Operational Profit | in CHFm | in CHFm | in CHFm Flow +12.3% +9.4% 1’603 1’389 1’444 Op Profitability Order intake 1’467 Double-digit growth in both business units 1’354 +150 bps Sales 9.5% 8.0% Solid backlog execu
Slide 13: Services: Sustained double-digit growth while investing in future profitability
Sustained double-digit growth while investing in future profitability Services Order intake Sales Operational Profit | in CHFm | in CHFm | in CHFm Services +12.5% 1’378 +12.3% Op Profitability Orders 1’249 Strong momentum in all regions and markets +20 bps 1’271 1’155 15.0% 14.8% Sales AME is leadin
Slide 14: Chemtech: Solid growth with focus on increased profitability
Solid growth with focus on increased profitability Chemtech Order intake Sales Operational Profit | in CHFm | in CHFm | in CHFm Chemtech +5.4% 867 +10.9% Op Profitability Orders 842 837 Large orders in biopolymers and carbon capture +180 bps 773 14.1% 12.3% Sales Largely as a result of the solid exe
Slide 15: New heights in EBIT and Net Income
New heights in EBIT and Net Income EBIT | in CHFm Net Income | in CHFm EBIT increase driven by +21.8% • Higher sales from solid backlog execution • Better gross margin supported by Sulzer 383 excellence implementation +20.0% Net Income growth mainly impacted by 330 higher tax expenses 265 230 Note:
Slide 16: Free Cash Flow in line with expectations
Free Cash Flow in line with expectations Free Cash Flow | in CHFm Net Working Capital | in CHFm FCF decrease due to higher CAPEX, NWC requirements and tax payments CHF 30 million down payment sitting at an 782 agent’s account on 31.12.24 couldn’t be 301 recorded as cash under IFRS 265 654 235 NWC in
Slide 17: Further strengthened Balance Sheet
Further strengthened Balance Sheet Net Debt to EBITDA ratio down to 1.0x in CHFm 1’061 Debt levels remain stable despite increased investments 975 Net Debt to EBITDA at 1.0x because of lower Net Debt 2 408 2 365 and higher EBITDA 653 610 Cash & Equivalents (in CHFm) Dec 2024 Dec 2023 2024 2023 Net D
Slide 18: Dividend increase based on Net Income performance
Dividend increase based on Net Income performance Proposal of CHF 4.25 per share for business year 2024 Dividend Net Income 4.25 300 4.00 3.75 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 Continuous strong business 3.50 250 265 performance over the last 3 years 3.00 230 allows higher increase of dividend
Slide 19: Sulzer 2028 – Strategy & Outlook
Sulzer 2028 – Strategy & Outlook Dr. Suzanne Thoma Executive Chairwoman 19
Slide 20: Making customers' crucial processes and infrastructure better
Making customers’ crucial processes and infrastructure better Energy security and Natural resources Process industries transition Structurally growing markets Annual Results 2024 presentation, 27.2.2025 20
Slide 21: Capex trend indicates long-term growth across end-markets
Capex trend indicates long-term growth across end-markets Global capex development 2010-2035 (real values, in USD trillion) 40 2024 30 Energy, power 20 Other industries Metals, mining 10 Chemicals, pharma Water, wastewater 0 2010 2020 2030 2035 Note: CAPEX development shown at constant prices (real
Slide 22: Organic Growth above average of structurally growing markets
Organic Growth Sulzer Excellence above average of structurally along the value chain growing markets High value business of a top industrial company Annual Results 2024 presentation, 27.2.2025 22
Slide 23: Sulzer excellence along the value chain
Sulzer excellence along the value chain Consistent pursuit of elevated performance – for customers, the business and our employees Aims at Improving the quality of our processes and service delivery Optimizing our customer-facing functions, from early sales & marketing to cash collection Simplifying
Slide 24: Testing and service locations – expanding our footprint
Testing and service locations – expanding our footprint Acquisitions: Texas Electric Equipment Company, USA Davies & Mills, Bahrain Owatec Group, Tupos, Finland Expansions: Easley Test & Assembly Center, USA Durban Service Center, South Africa Vadodara Service Center, India Test and Innovation Cente
Slide 25: New test and innovation centers 2024
New test and innovation centers 2024 Openings in Singapore, Mexico and Essen Innovation and Technology Hub in Singapore Test & Assembly Center in Mexico City Rapid Response Production and Test Center in Essen Annual Results 2024 presentation, 27.2.2025 25
Slide 26: World's largest bioplastics plant
Making process industries better and cleaner: world’s largest bioplastics plant Proven and innovative licensed Sulzer technology Future capacity of 160’000 tons of bioplastics per year Plant-based feedstock to produce high-quality PLA at scale Annual Results 2024 presentation, 27.2.2025 26
Slide 27: Carbon capture in Japan
Making process industries better and cleaner: Carbon capture in Japan CO2 as building block for Polyurethane Leading packaging design with 20% higher capture efficiency Advanced Sulzer technology for solvent containment Reducing CO2 footprint and using CO2 for production Annual Results 2024 presenta
Slide 28: Keeping critical infrastructure running: geothermal power Indonesia
Keeping critical infrastructure running: geothermal power Indonesia Customer service agreement with Pertamina Geothermal Energy Tbk Contract extension from 3 to 5 years Sulzer with local presence 93 customer units producing energy for 620’000 homes with 330 MW Annual Results 2024 presentation, 27.2.
Slide 29: Ammonia plant Latin America
Making process industries cleaner and better: Ammonia plant Latin America Very energy efficient pumping & purification system for process water Challenging corrosive, hot and humid environment Ammonia: energy-intense base chemical Annual Results 2024 presentation, 27.2.2025 29
Slide 30: Key messages
Key messages Serving large and structurally growing markets Making customers’ crucial processes and infrastructure better and cleaner Growing above market average with strong value proposition: innovative product and services, reliable technical competence Rigorous implementation of Sulzer Excellenc
Slide 31: Outlook: 2025 Guidance
Outlook 2025 Guidance Order Intake Sales EBITDA Margin up 2–5% up 5–8% above 15% These forward-looking statements are subject to change based on known or unknown risks and various other factors, which could cause the actual results or performance to differ materially from the statements made herein.
Slide 32: A top industrial company truly creating value
A top industrial company truly creating value Annual Results 2024 presentation, 27.2.2025
Slide 33: Q&A session
Q&A session 33
Slide 34: Thank you for your attention
Thank you for your attention 34
Slide 35: Disclaimer
Disclaimer This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and uncertainties. These forward-looking statements are subject to change base