Metso Corporation · OMXHEX:METSO
Metso — Metso Outotec — Q3 2024 Earnings Presentation
20 slides from Metso's earnings presentation, Oct 24, 2024
Slide 1: Interim Report Q3/2024
Interim Report Q3/2024 President and CEO Pekka Vauramo and CFO Eeva Sipilä October 24, 2024
Slide 2: Forward looking statements
Forward looking statements 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 customer industry profitability and investment willingn
Slide 3: Agenda
Agenda 01 Results in brief 02 Financials 03 Portfolio, sustainability and outlook 04 Q&A October 24, 2024
Slide 4: Results in brief
01 Results in brief Pekka Vauramo President and CEO
Slide 5: Q3/24 highlights
Q3/24 highlights Market activity in line A few large mining with expectations projects progressed Robust adj. EBITA Good cash generation margin of 16.9% (excl. discontinued operations) October 24, 2024
Slide 6: Group Q3/2024 key figures
Group Q3/2024 key figures Resilient margin performance EUR million EUR million Q3/2024 Q3/2023 Change % Orders received 1,226 1,191 3 Sales 1,160 1,319 -12 Adjusted EBITA 196 213 -8 % of sales 16.9 16.1 – Operating profit 178 189 -6 % of sales 15.3 14.3 – Earnings per share, continuing 0.15 0.14 7 o
Slide 7: Aggregates profitability resilient despite lower volumes
Aggregates profitability resilient despite lower volumes EUR million • Orders received EUR 259 million (EUR 269 million) ◦ Typical seasonal slowdown and lower y-o-y orders ◦ Challenging mobile equipment market ◦ Equipment orders -1%, services -8% • Sales EUR 283 million (EUR 308 million) ◦ Decline d
Slide 8: Robust margin in Minerals
Robust margin in Minerals EUR million • Orders EUR 968 million (EUR 922 million) ◦ A few large equipment contracts ◦ Equipment orders grew 13%, services 0% • Sales EUR 877 million (EUR 1,011 million) ◦ Services -4%, equipment -26% ◦ Services share of sales 66% (60%) • Adjusted EBITA EUR 161 million
Slide 9: Financials in detail
02 Financials in detail Eeva Sipilä CFO
Slide 10: Group Income Statement
Group Income Statement EUR million Q3/2024 Q3/2023 Q1-Q3/2024 Q1-Q3/2023 2023 EUR Sales 1,160 1,319 3,591 4,049 5,390 Adj. EBITA 196 213 601 662 887 Adj. EBITA, % 16.9 16.1 16.7 16.4 16.5 Operating profit 178 189 561 604 805 Operating profit, % 15.3 14.3 15.6 14.9 14.9 Net financial expenses -18 -23
Slide 11: Group Balance Sheet
Group Balance Sheet EUR million Sep 30, 2024 Sep 30, 2023 Dec 31, 2023 EUR million Goodwill and intangible assets 1,869 1,882 1,886 Property, plant and equipment 525 458 472 Right-of-use assets 110 115 114 Other non-current assets 256 294 271 Inventories 1,974 1,998 1,951 Receivables (trade and othe
Slide 12: Operating cash flow
Operating cash flow EUR million Q3/2024 Q3/2023 Q1-Q3/2024 Q1-Q3/2023 2023 Profit for the period -79 124 172 410 546 EUR million Continuing operations 123 119 382 407 537 Discontinued operations -202 4 -210 3 8 Adjustments: Depreciation and amortization 41 39 122 117 158 Financial expenses, net 18 2
Slide 13: Financial position
Financial position EUR million Sep 30, 2024 Sep 30, 2023 Dec 31, 2023 • Ratings: ◦ S&P Global: 'BBB' with stable outlook (June 17, Liquid funds 467 359 638 2024) ◦ Moody’s: ‘Baa2’ long-term rating with stable Net debt 1,156 815 884 outlook (May 13, 2024) • Average interest rate of loans and derivati
Slide 14: Portfolio, sustainability and outlook
03 Portfolio, sustainability and outlook Pekka Vauramo President and CEO
Slide 15: Portfolio development
Portfolio development Bolt-on acquisitions announced ◦ Jindex Pty Provides us with more comprehensive slurry handling solutions for the mining industry. Closed on August 1. ◦ Diamond Z and Screen Machine Industries Increases our offering in the infrastructure recycling markets and broadens our portf
Slide 16: Good progress in most sustainability KPIs
Good progress in most sustainability KPIs Logistics CO2 Spend from suppliers Planet Positive Net zero emissions with science-based sales to grow faster CO2 emissions in own emissions targets than overall operations** by -20% sales 2030 by 2025 30% by 2025 Q3/2024*: Q3/2024: Q3/2024: Q3/2024: EUR 1,2
Slide 17: Market Outlook
Market Outlook Metso expects the market activity in both Minerals and Aggregates will remain at the current level. In its previously published outlook, Metso expected the market activity in both Minerals and Aggregates to remain at the current level. According to the company's disclosure policy, Met
Slide 18: Sami Takaluoma appointed President and CEO as of November 1
Sami Takaluoma appointed President and CEO as of November 1 Sami joined Metso in 1997 and has led the Services Business Area since 2021. He has been member of the Leadership Team since 2017. Sami's short bio Nationality: Finnish Born: 1973 Education: M.Sc. in Engineering Previous positions: Presiden
Slide 19: Q&A
04 Q&A
Slide 20: Partner for positive change
Partner for positive change metso.com 20 Thursday, October 10, 2024