Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Shareholder Meeting (2025)
20 slides from Wartsila Oyj Abp's shareholder meeting presentation, 2025
Slide 1: Review by the President & CEO
Review by the President & CEO Håkan Agnevall 1 ©
Slide 2: A year of all-time highs
A year of all-time highs Profitability significantly improved Future momentum from enhanced order book and operational improvements The Wärtsilä Way is yielding results 2 ©
Slide 3: Wärtsilä Board of Management
Wärtsilä Board of Management Håkan Agnevall Arjen Berends Roger Holm Anders Lindberg President and CEO Chief Financial Officer President, Wärtsilä Marine President, Wärtsilä Energy Tamara de Gruyter Teija Sarajärvi Kari Hietanen Anu Sirkiä President, Portfolio Business EVP, Human Resources EVP, Corp
Slide 4: Stronger focus on public affairs and sustainability
Stronger focus on public affairs and sustainability Board of Management changes from 1 April 2025 Kari Hietanen Nora Steiner-Forsberg EVP, Public Affairs and Sustainability EVP, Legal and Compliance 4 ©
Slide 5: Decarbonisation is advancing despite geopolitical uncertainties
Decarbonisation is advancing despite geopolitical uncertainties Energy: Renewables growth driven by Marine: Regulatory environment is affordability as well as climate concerns driving decarbonisation 5 ©
Slide 6: The safety of our people is key to our success
The safety of our people is key to our success 18,300 employees Finland 23% Rest of Europe 36% Asia 22% Americas 14% Other 5% 6 ©
Slide 7: The Wärtsilä Way is our roadmap to profitable growth
The Wärtsilä Way is our roadmap to profitable growth Enabling sustainable societies through innovation in technology and services Transform Perform Attractive growth opportunities Clear path for operational in the decarbonisation improvements and transformation increased profitability 7 ©
Slide 8: We are driven by innovation in technology and services
We are driven by innovation in technology and services R&D expenditure 4.6% of net sales 100% hydrogen World’s first ammonia- Onboard carbon capture power plant concept fuelled PSV conversion and storage solution 8 ©
Slide 9: Progressing towards our Set for 30 decarbonisation targets
Progressing towards our Set for 30 decarbonisation targets Provide a product portfolio Become carbon neutral 25% reduction of direct ready for zero-carbon fuels in our own operations suppliers’ GHG emissions 9 ©
Slide 10: We are managing our portfolio to strengthen our focus and profitability
We are managing our portfolio to strengthen our focus and profitability ▪ ANCS divestment expected to be completed in Q2 2025 subject to approvals ▪ Energy Storage & Optimisation strategic review ongoing ▪ Transfer concluded of Trieste manufacturing site to MSC 10 ©
Slide 11: Targets reflect good growth and profitability potential
Targets reflect good growth and profitability potential Financial target Net sales 5% annual organic growth Profitability 12% operating margin Capital structure Gearing below 0.50 Dividend At least 50% of earnings 11 ©
Slide 12: Continued positive market sentiment
Continued positive market sentiment Order intake increased 14%, organically by 17% Order intake MEUR 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2020 2021 2022* 2023* 2024 Marine Energy Portfolio business Order book *2022 and 2023 comparison figures restated to reflect the move of some M
Slide 13: We delivered customer value in Marine and Energy
We delivered customer value in Marine and Energy Some of our major orders in 2024 Scandlines Ferries Chevron Transport USA Europe Supplying electrical Reducing methane New power plant to On-site generation for systems to convert slip on six LNG balance renewables AVK, Europe’s largest two vessels to
Slide 14: Services represent 53% of our 2024 net sales
Services represent 53% of our 2024 net sales Growth potential is strong €3.4bn 39% 2024 service net sales Service net sales growth since 2021* >90% Renewal rate of service agreements * FY 2024 vs. 2021 14 ©
Slide 15: Comparable operating result increased by 39%
Comparable operating result increased by 39% Net sales increased by 7%, organically by 9% Comparable operating result MEUR % 7,000 12 6,000 10 5,000 8 4,000 6 3,000 4 2,000 2 1,000 0 0 2020 2021 2022 2023 2024 Net sales Comparable operating result, % of net sales 15 ©
Slide 16: Strong balance sheet supports business growth
Strong balance sheet supports business growth MEUR 1-12/2024 1-12/2023 Cash flow from operating activities 1,208 822 Working capital -787 -169 Net interest-bearing debt -777 35 Gearing -0.31 0.02 Solvency, % 37.4 37.0 Basic earnings/share, EUR 0.85 0.44 16 ©
Slide 17: Proposed dividend of EUR 0.44 per share reflects improved operating result
Proposed dividend of EUR 0.44 per share reflects improved operating result Dividend EUR 1.00 0.80 0.60 0.40 0.20 0.00 -0.20 2020 2021 2022 2023 2024* Dividend per share Earnings per share * Dividend is a proposal from the Board of Directors 17 ©
Slide 18: Demand environment outlook for Marine and Energy
Marine Wärtsilä expects the demand environment for the next 12 months (Q1/2025–Q4/2025) to be better than that of the comparison period. Energy Wärtsilä expects the demand environment for the next 12 months (Q1/2025–Q4/2025) to be better than that of the comparison period. However, Wärtsilä underlin
Slide 19: Two centuries of innovation and world firsts
Two centuries of innovation and world firsts 1834 1995 2015 2023 2025 A village sawmill Dual-fuel engine Methanol vessel Ammonia Onboard in Värtsilä conversion engine solution carbon capture 1970s First power plants 1950s 2001 2012 2024 Our first diesel engines Remote Onboard hybrid 100% hydrogen-re
Slide 20: WARTSILA
re, WARTSILA