Metso Corporation · OMXHEX:METSO
Metso — Q3 2026 Earnings Presentation
18 slides from Metso's earnings presentation, Oct 22, 2026
Slide 1: Q3/2026 results
Q3/2026 results Sami Takaluoma, President and CEO Pasi Kyckling, CFO October 22, 2026
Slide 2: Agenda
Agenda Q3 performance Strategy execution and outlook Financials Metso's strategy 2030: Q&A We go beyond. October 22, 2026
Slide 3: Q3 performance
Q3 performance Sami Takaluoma President and CEO
Slide 4: Key figures in Q3
Key figures in Q3 Orders received Sales 1,614 million 1,373 million +28% YoY +3% YoY +24% organic in +1% organic in constant currencies constant currencies Adjusted EBITA Operating cash flow 230 million 136 million, -49% YoY +4% YoY 786 million rolling 12 months, -12% YoY 16.8% margin 85% 12-month c
Slide 5: Strong order growth and solid profitability
Strong order growth and solid profitability Target 18% • Orders +28%, or +24% 1,800 16.4 16.7 16.8 16.7 16.6 16.8 18.0 16.1 16.1 16.2 1,614 organically in constant currencies. 15.9 1,555 14.5 1,501 Book-to-bill of 1.18 (0.95) 1,500 1,383 1,466 1,465 1,443 1,462 15.0 1,373 1,328 1,334 1,300 • Mineral
Slide 6: Investing in aftermarket and new technology
Investing in aftermarket and new technology • Service capacity ◦ New service center in Belo Horizonte, Brazil. Start- up expected in Q1/2028. • Technology and offering ◦ Sampo™ Cell flotation and Lokotrack® LT400RS™ and LT200HPX™ crushers. ◦ Three AI-enabled mining solutions for production, performa
Slide 7: Outlook unchanged; stable market activity expected
Outlook unchanged; stable market activity expected We expect market activity in both Minerals and Aggregates to remain at the current level over the next six months. According to the company's disclosure policy, Metso’s market outlook describes the expected sequential development of market activity,
Slide 8: Financials
Financials Pasi Kyckling CFO
Slide 9: Q3 orders grew 28%, sales increased 3%
Q3 orders grew 28%, sales increased 3% Order bridge +28% 2,000 259 44 10 42 1,614 1,264 EUR million -3 -1 1,000 0 Q3/25 Minerals Minerals Aggregates Aggregates Currency Structural Q3/26 equipment aftermarket equipment* aftermarket* impact changes Sales bridge 2,000 +3% 1,328 39 9 4 32 1,373 EUR mill
Slide 10: Volume supported adjusted EBITA growth
Volume supported adjusted EBITA growth Adjusted EBITA 300 16.7% 16.8% 15 13 230 222 3 200 EUR million -15 -5 -3 100 0 Q3/25 Volume Gross margin Selling, general Other operating Amortization of Adjustment Q3/26 and income and intangible items administrative expenses, net assets expenses Earnings per
Slide 11: Growing backlog reflected in working capital
Growing backlog reflected in working capital Cash flow from operations, Y-o-Y 12-month cash flow and cash conversion 300 2000 125% 24 266 106% 99% 98% 250 93% 100% -13 1500 85% 74% EUR million 200 69% 70% 75% 63% 63% 974 1000 895 915 856 54% 786 EUR million 686 150 597 576 615 610 50% 136 506 -140 5
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 of <1.5 1,285 1,250 1,214 1,156 1,173 1,175 2.0 • Solid liquidity position 1,036 1,070 1,135 1,092 1,126 1,000 • Cash and cash equivalents EUR 445 million 1.5 1.5 EUR million 825 1.3 1
Slide 13: Aggregates: sales growth and higher margin
Aggregates: sales growth and higher margin Target 17% • Orders +4% to EUR 292 million 600 17.0 18.0 16.6 16.3 16.4 16.1 16.0 16.0 16.2 16.0 • 2% organic growth in constant currencies 15.6 500 14.1 15.0 • Orders grew in Europe and North America 440 • Equipment orders +8%, aftermarket* -2% 400 400 12.
Slide 14: Minerals: strong orders and stable profitability
Minerals: strong orders and stable profitability Target 20% • Orders +34% to EUR 1,323 million 18.3 20.0 1,500 18.1 18.0 18.0 17.6 • 31% organic growth in constant currencies 17.3 17.1 17.1 16.8 17.1 18.0 16.5 1,323 • Equipment orders +79%. Strong small and medium- 16.0 sized orders, plus a EUR 90 m
Slide 15: Summary
Summary • Customer activity converted into strong orders • Growing backlog supports future sales • Sales progressing as expected • Solid profitability across both segments • Investing for long-term profitable growth 15 October 22, 2026 October 22, 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: Q&A
Qé&A Metso
Slide 18: Partner for positive change
Partner for positive change metso.com