Valmet Corp · OMXHEX:VALMT

Valmet — Merger or Acquisition (June 2020)

6 slides from Valmet's merger presentation, Jun 17, 2020

1. Slide 1: Valmet acquires 14.9% ownership in the future Neles

   Valmet acquires 14.9% ownership in the future Neles

2. Slide 2: Valmet has agreed to acquire 14.9% of the shares in the future Neles

   Valmet has agreed to acquire 14.9% of the shares in the future Neles Valmet has today agreed to acquire 22,374,869 shares in the future Neles Corporation from Solidium Oy The shares to be acquired represent 14.88% of all Neles’ shares and votes Neles Corporation is planned to be created in the parti

3. Slide 3: Neles in brief

   Neles in brief  Neles is a globally leading valve, valve Neles key figures 2019 automation and service company with strong Orders received EUR 681 million exposure to the pulp and paper industry Net sales EUR 660 million  Approximately 70% of Neles’ net sales is Adjusted EBITA EUR 97 million recur

4. Slide 4: Valmet's strategic rationale for acquiring the shares

   Valmet’s strategic rationale for acquiring the shares  Neles is a good quality global company with large share of recurring business  Neles has a strong position in pulp and paper industry  Neles has demonstrated good growth and has potential to grow further  Valmet and Neles have common heritag

5. Slide 5: Transaction price and timeline

   Transaction price and timeline  Agreed purchase price is EUR 8.00 per share and total transaction value EUR 179 million  Transaction paid 100% in cash and includes following clauses: – The price will be adjusted based on Neles’ share price development during certain limited time period after the c

6. Slide 6: FORWARD

   FORWARD

Valmet — Merger or Acquisition (June 2020) on 6ix