Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (March 2021)
88 slides from Valmet's roadshow presentation, March 2021
Slide 1: Valmet – unique offering with process technology, automation and services
Valmet – unique offering with process technology, automation and services Roadshow presentation March 2021
Slide 2: Agenda
Agenda Valmet roadshow presentation 1 Valmet in brief 2 Investment highlights 3 Financials 4 Conclusion 2 March 2021 © Valmet | Roadshow presentation
Slide 3: Valmet in brief
Valmet in brief Valmet <>
Slide 4: We have strong market shares, unique offering and over 220 years of history
We have strong market shares, unique offering and over 220 years of history Paper Pulp and Automation Services Energy Market position Market position Market position Market position #1 #1–3 #1–3 #1–2 Market share Market share Market share Market share ~50% ~20-45% ~25% ~17-18% Valmet’s road to becom
Slide 5: Valmet’s development since 2013
Valmet’s development since 2013 Orders received Net sales Comparable EBITA Comparable EBITA margin (EUR billion) (EUR billion) (EUR million) (%) 4.5 4.5 400 10% 4.0 4.0 9% 350 3.5 8% 3.5 300 7% 3.0 3.0 250 6% 2.5 2.5 200 5% 2.0 2.0 4% 150 1.5 1.5 3% 1.0 1.0 100 2% 0.5 0.5 50 1% 0.0 0.0 0 0% 2013 201
Slide 6: Key figures 2020
Key figures 2020 Net sales by business line Net sales by area Orders received EUR 3,653 million 12% 18% 29% Net sales 35% 13% EUR 3,740 million Comparable EBITA 16% EUR 365 million Comparable EBITA margin 9.8% 9% 27% 41% Order backlog EUR 3,257 million Services North America Employees Automation Sou
Slide 7: Strong, global presence is a good platform for growth
Strong, global presence is a good platform for growth EMEA ~100 98 9,202 employees service centers sales offices China 1,872 employees North America 1,542 employees 43 16 production units R&D centers Asia-Pacific 888 employees 8 South America Performance Centers 542 employees Personnel as at Dec 31,
Slide 8: Process technology, services and automation
Process technology, services and automation Valmet’s unique offering differentiates the company from its competitors Process technology Customer Services Automation 8 March 2021 © Valmet | Roadshow presentation
Slide 9: Significant, customer focused research and development work
Significant, customer focused research and development work R&D focus areas • Advanced and competitive technologies and services • Raw material, water and energy efficiency • Promotion of renewable materials 16 EUR 75 million ~1,300 research and R&D spending protected development in 2020 inventions
Slide 10: Acknowledged leader in sustainability
Acknowledged leader in sustainability 360° approach to sustainability Good progress in 2020 highlights sustainability indices In Dow Jones Sustainability Corporate citizenship Sustainable supply chain 2% Index for the seventh decrease of CO2 intensity* We are a trusted We develop sustainable conse
Slide 11: Valmet´s Climate Program: Forward to carbon neutral future
Valmet´s Climate Program: Forward to carbon neutral future Targets by 2030 for the entire value chain SUPPLY CHAIN OWN OPERATIONS USE PHASE OF VALMET’S TECHNOLOGIES -20% -80% -20% 100% CO2 emission reduction CO2 emission reduction Further reduced energy use Carbon neutral production of Valmet’s curr
Slide 12: Financial targets
Financial targets Growth Profitability ROCE Dividend policy Net sales for stable Comparable EBITA: Comparable return on Dividend payout at least business to grow over 10–12% capital employed (ROCE) 50% of net profit two times the market before taxes1: >20% growth Net sales for capital business to ex
Slide 13: Investment highlights
Investment highlights Valmet <>
Slide 14: Investment highlights
Investment highlights 1 Strong position in the growing market of converting renewables 2 Widest technology and services offering combined with automation excellence 3 Services: The widest offering and strong geographical presence 4 Automation: Maximizing efficiency and safety of our customers 5 Pape
Slide 15: Strong position in the growing market of converting renewables
Strong position in the growing market of converting renewables 1 Paper Board Tissue Pulp Energy Automation Services #1 0.4 ~ -2% #1 1.0 ~ 2-3% #1 0.7 ~ 3-4% #1-2 1.5 ~ 1% #1-3 2.0 ~ 1% #1-3 2.1 ~ 1% #1-2 8.0 ~ 1-2% EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. I
Slide 16: Widest technology and services offering combined with automation excellence
Widest technology and services offering combined with 2 automation excellence Paper Pulp Energy • Board, paper and tissue production lines • Wood and pulp handling • Heat and power generation • Rebuilds • Fiber processing • Air emission control • Stand-alone products • Recovery • Biofuels Process te
Slide 17: Services: The widest offering and strong geographical presence
Services: The widest offering and strong geographical presence 3 Services business line Widest offering to support customers’ all service needs Services business line Orders received (EUR million) Benefits from growing installed base Strong geographical presence close to customers 1,459 Organi
Slide 18: Automation: Maximizing efficiency and safety of our customers
Automation: Maximizing efficiency and safety of our customers 4 Automation business line Solutions range from single measurements to plant-wide Automation business line process automation systems Orders received (EUR million) Designed to maximize safety, sustainability and efficiency Organic of
Slide 19: Paper: World-class technology for packaging and hygiene needs
Paper: World-class technology for packaging and hygiene needs 5 Paper business line Offering includes world-leading technology and products Paper business line for board, tissue and paper making Orders received (EUR million) Net sales (EUR million) Long-term growth supported by favorable 1,035 1
Slide 20: Pulp and Energy: Strong business with high market share and flexible cost structure
Pulp and Energy: Strong business with high market share and 6 flexible cost structure Pulp and Energy business line Offering includes full pulp mills and energy solutions for Pulp and Energy business line biomass and emission control Orders received (EUR million) Net sales (EUR million) Long-ter
Slide 21: Systematically building the future
Systematically building the future 7 Customer Technology Process People Valmet’s way to serve: Develop new products Continue to improve Continuous development Lifecycle collaboration and technologies project management of employees through between the customer and project execution training programs
Slide 22: Financials
Financials Valmet <>
Slide 23: Key figures
Key figures EUR million Q4/2020 Q4/2019 Change 2020 2019 Change Orders received 940 1,009 -7% 3,653 3,986 -8% Order backlog1 3,257 3,333 -2% 3,257 3,333 -2% Net sales 1,167 1,103 6% 3,740 3,547 5% Comparable EBITA 146 118 24% 365 316 16% % of net sales 12.5% 10.7% 9.8% 8.9% EBITA 147 119 23% 355 315
Slide 24: Comparable EBITA margin development
Comparable EBITA margin1 development Net sales and Comparable EBITA, rolling 12 months (EUR million and %)1 3,682 3,700 3,676 3,740 Target 10–12% 3,547 9.8% 3,429 3,257 3,308 3,325 3,279 3,337 9.1% 9.1% 8.9% 8.7% 8.8% 3,058 3,145 8.6% 8.7% 3,019 3,044 2,995 2,851 2,928 2,926 2,919 2,846 2,876 7.7% 2
Slide 25: Guidance and short-term market outlook
Guidance and short-term market outlook Guidance for 2021 Valmet estimates that net sales in 2021 will remain at the previous year’s level in comparison with 2020 Guidance (EUR 3,740 million) and Comparable EBITA in 2021 will remain at the previous year’s level in comparison with 2020 (EUR 365 millio
Slide 26: Conclusion
Conclusion Valmet <>
Slide 27: Conclusion
Conclusion 1 Strong position in the growing market of converting renewables 2 Widest technology and services offering combined with automation excellence 3 Services: The widest offering and strong geographical presence 4 Automation: Maximizing efficiency and safety of our customers 5 Paper: World-cl
Slide 28: Important notice
Important notice 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 growth, profitability and investment willingness, expectations fo
Slide 29: Appendix
Appendix 1 Financials 2 Growth and profitability improvement 3 Shareholders and share price development 4 Strategy and offering 5 Management and remuneration 29 March 2021 © Valmet | Roadshow presentation
Slide 30: Financials
Appendix ; Financials Valmet <>
Slide 31: Quarterly Comparable EBITA margin development
Quarterly Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %) 12.5% 11.5% 10.7% 10.9% 1,167 1,103 Target 10–12% 967 984 9.5% 901 919 8.4% 854 844 7.7% 857 821 832 777 779 7.3% 804 7.5% 785 7.8% 7.2% 765 8.3% 734 732 715 732 7.1% 685 8.0% 686 6.3% 6.1% 6.9% 6.4% 652
Slide 32: Services: Orders received decreased to EUR 1,356 million in 2020
Services: Orders received decreased to EUR 1,356 million in 2020 Orders received (EUR million) Net sales (EUR million) 2019: 2020: 2019: 2020: EUR 1,459 million EUR 1,356 million EUR 1,374 million EUR 1,327 million 400 371 395398 1,600 450 1,800 355 358 400 402 346344 335 342 350 325 328 1,400 400 3
Slide 33: Automation: Orders received remained at the previous year’s level
Automation1: Orders received remained at the previous year’s level at EUR 415 million in 2020 Orders received (EUR million) Net sales (EUR million) 2019: 2020: 2019: 2020: EUR 416 million EUR 415 million EUR 393 million EUR 402 million 160 480 160 480 137 141 140 140 420 124 120 420 115 24 109 112 1
Slide 34: Pulp and Energy: Orders received decreased in 2020
Pulp and Energy: Orders received decreased to EUR 934 million in 2020 Orders received (EUR million) Net sales (EUR million) 2019: 2020: 2019 : 2020: EUR 1,125 million EUR 934 million EUR 919 million EUR 1,003 million 700 1,400 700 1,400 622 600 560 1,200 600 1,200 500 451 1,000 500 1,000 395 376 400
Slide 35: Paper: Orders received remained at the previous year’s level
Paper: Orders received remained at the previous year’s level at EUR 1,029 million in 2020 Orders received (EUR million) Net sales (EUR million) 2019: 2020: 2019: 2020: EUR 1,043 million EUR 1,029 million EUR 913 million EUR 1,076 million 450 419 1,200 450 1,200 400 1,050 400 362 1,050 353 350 314 32
Slide 36: Orders received and net sales split in 2020
Orders received and net sales split in 2020 Orders received (EUR million and % of total) Net sales (EUR million and % of total) 1,029 1,076 28% 29% 1,327 1,356 37% 35% Services Services Automation Automation Pulp and Energy Pulp and Energy Paper Paper 934 334 1,003 335 26% 9% 27% 9% 349 440 621 676
Slide 37: Business lines in 2020: Stable business
Business lines in 2020: Stable business Services business line Automation business line 11% 17% 10% 8% 18% 6% 10% 28% 29% 13% Orders received Orders received 7% 25% 9% 71% 34% 43% 61% Rolls North America Pulp and Paper North America Mill Improvements South America Energy and Process South America Pe
Slide 38: Business lines in 2020: Capital business
Business lines in 2020: Capital business Pulp and Energy business line Paper business line 12% 1% 7% 17% 24% 21% 28% 26% 1% Orders received Orders received 23% 25% 50% 72% 40% 53% Pulp North America Tissue North America Energy South America Board South America EMEA Paper EMEA China China Asia-Pacifi
Slide 39: Areas: Orders received and net sales development
Areas: Orders received and net sales development North America South America EMEA China Asia-Pacific 1,594 1,6061,690 (EUR million and % of total) 1,470 1,508 1,420 Orders received 1,320 880 885 804 717 686 730 670 588 621 572 523 586 490 533 480 48% 46% 51% 46% 479 414 378 43% 42% 428 381 323 383 3
Slide 40: Areas: Business line split in 2020
Areas: Business line split in 2020 North America South America EMEA China Asia-Pacific 4% Orders received 18% 16% 22% 29% 2% 32% 41% 38% 60% 58% 24% 1% 58% 27% 10% 33% 6% 8% 14% Services Automation Services Automation Services Automation Services Automation Services Automation Pulp and Energy Paper
Slide 41: Announced orders booked in H1/2021
Announced orders booked in H1/2021 Booked Date Description Business line Country Value quarter Q1 Jan 15 Extensive tissue machine rebuild Paper Finland Not disclosed Q1 Jan 29 Textile recycling plant´s main equipment Pulp and Energy Sweden Around EUR 25 million Q1 Feb 19 All main process islands and
Slide 42: Announced orders booked in H2/2020
Announced orders booked in H2/2020 Booked Date Description Business line Country Value quarter Q3 Aug 27 New bleach plant and upgrade of batch cooking Pulp and Energy India Not disclosed. An order of this scope is typically around EUR 20-30 million. and fiberline Q3 Oct 14 Extensive paper machine gr
Slide 43: Announced orders booked in H1/2020
Announced orders booked in H1/2020 Booked Date Description Business line Country Value quarter Q1 Jan 23 Key pulp mill technology and automation (Lenzing & Pulp and Energy Brazil Not disclosed. The value of a delivery of this size and scope is typically around EUR 200-250 Duratex) million. Q1 Feb 18
Slide 44: Orders received decreased to EUR 3,653 million in 2020
Orders received decreased to EUR 3,653 million in 2020 Orders received (EUR million) Orders received by area 4,500 1,800 4,500 4,000 1,600 4,000 479 3,500 349 267 1,400 3,500 3,000 885 1,200 3,000 2,500 1,690 1,000 2,500 2,000 800 2,000 1,420 1,500 600 1,058 1,187 1,500 1,101 670 1,005 1,026 1,009 1
Slide 45: Stable business orders received totaled EUR 1,772 million in 2020
Stable business orders received totaled EUR 1,772 million in 2020 Orders received (EUR million) in stable business1 700 2,100 600 1,800 507 514 500 461 474 463 1,500 443 424 439 445 435 433 112 116 426 402 394 409 383 381 400 344 372 88 359 93 102 103 104 369 120 1,200 330 342 88 103 109 97 98 95 81
Slide 46: Order backlog EUR 3,257 million at the end of 2020
Order backlog EUR 3,257 million at the end of 2020 Order backlog (EUR million) Structure of order backlog 4,000 3,500 3,425 3,557 3,492 ~25% 3,333 3,311 3,257 3,000 3,216 3,001 2,791 2,829 2,500 2,704 2,714 2,720 2,583 2,621 2,406 2,458 2,312 2,283 2,000 2,208 2,117 2,074 2,207 2,106 2,192 ~75% 1,97
Slide 47: Gross profit and SG&A development
Gross profit and SG&A development Gross profit (EUR million and % of net sales) SG&A (EUR million and % of net sales) 300 30% 300 30% 250 23% 25% 250 25% 200 20% 200 20% 150 15% 150 15% 100 10% 100 12% 10% 50 5% 50 5% 0 0% 0 0% Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016
Slide 48: Cash flow provided by operating activities and CAPEX
Cash flow provided by operating activities and CAPEX Cash flow provided by operating activities (EUR million) 2014: 2015: 2016: 2017: 2018: 2019: 2020: EUR 236 million EUR 78 million EUR 246 million EUR 291 million EUR 284 million EUR 295 million EUR 532 million 200 150 182 173 143 151 100 117 122 1
Slide 49: Net working capital at -16% of rolling 12 months orders received
Net working capital at -16% of rolling 12 months orders received Net working capital1 and orders received (EUR million) 1,500 30% 1,000 1,101 1,187 20% 1,023 1,005 1,026 1,083 1,058 1,009 890 865 940 940 781 725 793 803 788 857 796 743 727 835 826 500 692 700 10% 580 466 480 0 0% -235 -249 -345 -353
Slide 50: Capital employed and Comparable ROCE
Capital employed and Comparable ROCE Capital employed (EUR million) and Comparable return on capital employed (ROCE), before taxes1 (%) 1,639 24% 23% 23% 23% 1,541 22% 23% 22% 22% 20% 1,314 1,327 1,239 1,240 1,214 1,231 1,237 1,239 1,256 1,184 1,194 1,167 1,195 18% 1,195 1,112 1,138 1,141 1,137 17%
Slide 51: Dividend and balance sheet
Dividend and balance sheet Dividend payout at least 50% of net profit Track record Balance sheet and cash flow Dividend per share (EUR) and payout ratio (%) Net debt (EUR million) Cash flow provided by operating activities Net debt / EBITDA ratio Net working capital Target 200 2 600 >50% 150 178 1.5
Slide 52: Orders received and profitability development, annual
Orders received and profitability development, annual Orders received (EUR million)1 Net sales and Comparable EBITA (EUR million)1 3,740 3,986 3,547 Pulp and 3,722 3,653 3,325 Energy, and 3,014 3,058 Paper business 3,225 3,272 2,928 2,926 9.8% 3,071 3,139 2,703 8.9% lines 2,878 2,613 2,453 7.6% 2,47
Slide 53: Growth and profitability improvement
Appendix Growth and profitability improvement
Slide 54: Recent development at Valmet
Recent development at Valmet Customer Technology Process People Valmet acquired Collaboration project with Good development in Staying safe, operational PMP Group Metsä Spring to produce project management and efficient during fossil free 3D fiber challenging times in 2020 Valmet’s way to serve prod
Slide 55: Actions to keep growing faster than the market
Actions to keep growing faster than the market Net sales growth Stable business Capital business • Win new customers and increase share of • Benefit from strong favorable megatrends in wallet with existing customers Board, Tissue, Pulp and Energy • Grow service sales and multi-year service • Continu
Slide 56: Actions to reach Comparable EBITA target of 10–12%
Actions to reach Comparable EBITA target of 10–12% Comparable EBITA: 10–12% Actions to reach Comparable EBITA target: Track record • Grow the stable business Stable business net sales (EUR million) Comparable EBITA margin (%) • Focus on improving project management and execution 1,767 1,728 • Positi
Slide 57: Actions to maintain ROCE at target level
Actions to maintain ROCE at target level Comparable return on capital employed (pre-tax): >20% Main drivers for ROCE: Track record • Improvement in Comparable EBITA is Capital employed (EUR million) the biggest driver for ROCE Comparable ROCE (%, before taxes) • Capital employed has increased due to
Slide 58: Systematically building the future
Systematically building the future Continuous renewal and improvement of operational capability ERP renewal Operational development • ERP renewal was started in 2016 and • Procurement transformation towards will be completed in 2023 world-class performance continues • Project proceeding well • Addin
Slide 59: Procurement and quality cost development
Procurement and quality cost development Implemented procurement savings of annual direct spend Quality costs (% of net sales) 4.3% 4.4% 4.3% 4.0% 3.8% 3.9% 3.7% 3.8% 3.6% 2.9% 3.0% 3.1% 2.6% 2.8% 2.4% 2.2% 2.2% < 1.3% 2013 2014 2015 2016 2017 2018 2019 2020 Annual goal 2013 2014 2015 2016 2017 2018
Slide 60: Acquisitions
Acquisitions • Valmet’s acquisition strategy is to make Track record of successful acquisitions selective acquisitions with a clear industrial logic to support organic growth 2015 2018 2019 2020 ‒ Focus on strengthening services and Automation Enertechnix J&L Fiber 29.5% share Services in Neles auto
Slide 61: Valmet strengthened its business by acquiring PMP Group
Valmet strengthened its business by acquiring PMP Group Focus on small and medium-sized tissue machines and board and paper machine rebuilds Key information about the acquisition • PMP Group supplies process technologies and services for tissue, Net sales in 2019 EUR ~70 million board and paper mach
Slide 62: Valmet strengthened its stable business through acquisitions
Valmet strengthened its stable business through acquisitions Valmet completed the acquisitions of GL&V and J&L Fiber Services in Q2/2019 • GL&V is a supplier of technologies, upgrade and process • J&L Fiber Services is a manufacturer and provider of refiner optimization services, rebuilds and spare
Slide 63: Valmet’s 29.5% ownership in Neles
Valmet’s 29.5% ownership in Neles Valmet acquired 29.5% of Neles in 2020 Valmet’s goal is to have an active long-term role in the development of Neles In the long term, combination of Valmet and Neles would create a Nordic based global leader with a unique offering for process industries Valme
Slide 64: Shareholders and share price development
Appendix Shareholders and share price development
Slide 65: Largest shareholders on February 28, 2021
Largest shareholders on February 28, 2021 Based on indicative data collected by Modular Finance # Shareholder name Number of shares % of shares and votes 1 Solidium Oy 16,695,287 11.1% 2 Handelsbanken Funds 5,308,880 3.5% 3 Ilmarinen Mutual Pension Insurance Company 4,325,000 3.0% 4 Norges Bank 3,91
Slide 66: Shareholder structure on February 28, 2021
Shareholder structure on February 28, 2021 Based on Euroclear data. The classification of sectors determined by Statistics Finland. Sector Number of shareholders % of total shareholders Number of shares % of shares Nominee registered and non-Finnish holders 342 0.63 80,989,068 54.04 Finnish institut
Slide 67: Share of non-Finnish holders and number of shareholders
Share of non-Finnish holders and number of shareholders 58% 64,000 56% 61,000 54% 58,000 52% 55,000 50% 52,000 48% 49,000 46% 46,000 44% 43,000 42% 40,000 12/2013 03/2014 06/2014 09/2014 12/2014 03/2015 06/2015 09/2015 12/2015 03/2016 06/2016 09/2016 12/2016 03/2017 06/2017 09/2017 12/2017 03/2018 0
Slide 68: Valmet’s total shareholder return
Valmet’s total shareholder return Development since January 2, 2014: MEUR Valmet’s total shareholder return has been 380% 6,000 Share price has increased by 318% 5,000 Cumulative dividend payout EUR 610 million, +380% including year 2020 4,000 Total shareholder value creation of EUR 3.8 bill
Slide 69: Strategy and offering
Appendix Strategy and offering
Slide 70: Valmet’s way forward
Valmet’s way forward Our Vision Our Must-Wins To become the global champion Customer excellence in serving our customers Our Strategy Leader in technology and Valmet develops and supplies innovation competitive process technology, Excellence in processes services and automation to the pulp, pa
Slide 71: Services business units
Services business units Rolls and Workshop Board, Paper and Pulp and Energy Performance Parts Services Fabrics Tissue Solutions Solutions Spare parts and Rolls, roll covers and Paper machine clothing Improvement Projects, Improvement Projects, Field consumables maintenance, workshop and filter fabri
Slide 72: Our way to serve - Right combination of services for every stage in the lifecycle
Our way to serve - Right combination of services for every stage in the lifecycle Our services offering Maintenance Industrial Spare and Workshop and Process Fabrics development & Field services Internet process parts roll services upgrades outsourcing solutions Delivery models Service products Serv
Slide 73: Automation business line offering
Automation business line offering Delivered as products and technology, projects and service agreements Distributed Quality Analyzers and Industrial Automation control systems management measurements Internet solutions services • Highly integrated • Quality control • For measuring and • Advanced con
Slide 74: Future-proof automation solutions and services
Future-proof automation solutions and services Our automation Distributed control Industrial Quality Analyzers and Industrial Internet Automation offering systems applications management measurements solutions services Delivery models Automation products and technology Automation projects Service ag
Slide 75: Automation business line offering and market overview
Automation business line offering and market overview Advanced automation and process monitoring solutions and services: Over 4,500 Distributed Control System (DCS) – Valmet DNA Industrial internet solutions automation systems Performance solutions Automation services and over 40,000 Quali
Slide 76: Pulp and Energy business line offering
Pulp and Energy business line offering Leading global technology supplier Pulp Energy Pulp Biomass conversion Energy Emission control • Chemical pulp mill • Pretreatment for bioethanol Technology for biomass and municipal • Power plant flue gas cleaning Woodhandling production and industrial resid
Slide 77: Paper business line offering
Paper business line offering Stock preparation and recycled fiber Board and paper Tissue • Stock preparation lines Board and paper production lines Tissue production lines – Recycled fiber lines – Technologies for all board and paper grades – Technologies for all tissue grades and products – Sto
Slide 78: Full scope offering for the pulp and paper industry
Full scope offering for the pulp and paper industry Technologies Automation Services 1 Wood handling 6 Recycled fiber • Distributed Control System • Mill and plant improvements (DCS) • Spare and wear parts 2 Heat and power 7 Mechanical fiber • Performance solutions • Paper machine clothing productio
Slide 79: Our offering for energy industry and biotechnologies
Our offering for energy industry and biotechnologies Technologies Automation Services 1 Fuel handling 5 Modularized • Distributed Control System • Plant improvements power plants (DCS) • Rebuilds 2 Gasification • Performance solutions • Performance services 6 Prehydrolysis 3 Boiler and flue For biof
Slide 80: Continuous investment in research and development to improve customers’ processes
Continuous investment in research and development to improve customers’ processes Example of our R&D work – OptiConcept M board and paper Customers’ needs Valmet’s R&D focus Valmet’s R&D resources machine • Increase production • Modularized and • Own R&D centers and • Cost-efficient, high-quality, s
Slide 81: Growth accelerator: Valmet Industrial Internet - VII
Growth accelerator: Valmet Industrial Internet - VII Dialogue with data to move our customers performance forward Valmet Performance Center delivering remote support Recent development VII solutions launched for all customer segments Development of Mill Wide Optimization application Asset Perf
Slide 82: Typical dimensions of pulp mills, and paper, board and tissue machines
Typical dimensions of pulp mills, and paper, board and tissue machines Paper and board machine Pulp mill Length 140 m, equivalent to a line of ~30 cars Speed: 72 km/h Production: 400,000 t/a Width 7 m Tissue machine Length 40 m, equivalent to a line of ~9 cars • Mill site area: 500,000 – 5,000,000 m
Slide 83: Management and remuneration
Appendix Management and remuneration
Slide 84: Board of Directors
Board of Directors Mikael Mäkinen Aaro Cantell Pekka Kemppainen Monika Maurer (b. 1956) (b. 1964) (b. 1954) (b. 1956) Chairman of Vice-Chairman of Board member Board member the Board the Board Finnish citizen German citizen Finnish citizen Finnish citizen • M.Sc. (Eng.) • M.Sc. (Tech.) • Lic.Sc. (Te
Slide 85: Executive Team
Executive Team Corporate Pasi Laine Kari Saarinen Julia Macharey Anu Salonsaari-Posti President and CEO CFO SVP, Human Resources and SVP, Marketing, Communications, Share ownership: 149,380 Share ownership: 44,778 Operational Development Sustainability and Corporate Relations Share ownership: 30,442
Slide 86: Remuneration of the President and CEO
Remuneration of the President and CEO The remuneration of the President and CEO is Performance share plan comprised of 2021 2021–2023 – the total salary (monthly base salary and customary fringe benefits*), Incentive based on Comparable EBITA as % of Predefined strategic net sales, and orders rece
Slide 87: Remuneration of the Executive Team
Remuneration of the Executive Team The remuneration of the Executive Team members Performance share plan comprises 2021 2021–2023 – a monthly total salary (including monthly salary and customary fringe benefits1), Incentive based on Comparable EBITA as % of Predefined strategic net sales, and orde
Slide 88: FORWARD
FORWARD