Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Day (November 2026)
16 slides from Wartsila Oyj Abp's investor day presentation, Nov 3, 2026
Slide 1: Solid path to mid-term financial targets and sustainable value creation
Solid path to mid-term financial targets and sustainable value creation Arjen Berends Executive Vice President & CFO Helsinki | 3 November 2026 1 ©
Slide 2: Strong commitment to deliver on realistic mid-term financial targets
Strong commitment to deliver on realistic mid-term financial targets 1 2 3 Continued Improved Disciplined Sustainable growth profitability capital allocation value creation Financial target Marine Energy Group Annual organic net sales growth Mid-single-digit % High-teens % Low-double-digit % Operati
Slide 3: We delivered on all our financial targets…
We delivered on all our financial targets… Marine and Energy combined Group Net sales Profitability Capital structure Dividend 5% annual organic growth 14% operating result-% Gearing below 0.5 DPS of at least 50% of EPS Net sales Operating result Gearing DPS regular % of EPS Organic growth % of net
Slide 4: …while simultaneously executing targeted actions improving the resilience and quality of our earnings
…while simultaneously executing targeted actions improving the resilience and quality of our earnings Focus areas Status as of CMD 2026 Service growth ~37% agreement coverage of installed base compared to ~30% in 2023, with >90% renewal rate >1 book-to-bill in service with service net sales CAGR of
Slide 5: We introduce separate mid-term financial targets reflecting distinct market dynamics between Marine and Energy
We introduce separate mid-term financial targets reflecting distinct market dynamics between Marine and Energy Marine Energy Operating result-% development and mid-term target Operating result-% development and mid-term target Indicative historical values reflecting post-IFRS 18 situation Indicative
Slide 6: Sustainable value creation is built on improved profitability, strong cash conversion, and higher dividends
Sustainable value creation is built on improved profitability, strong cash conversion, and higher dividends driven by EPS growth Group Operating result-% development1) and mid-term target >90% Indicative historical values reflecting post-IFRS 18 situation net profit to free cash flow 14.2% conversio
Slide 7: Both businesses are well positioned to capture attractive growth opportunities
Both businesses are well positioned to capture attractive growth opportunities Marine, mid-term growth drivers Energy, mid-term growth drivers Mid-single-digit annual organic growth High-teens annual organic growth • Positive outlook in our core, high-value segments • Record load growth and renewabl
Slide 8: Marine targets 14% operating result through technology leadership and service growth
Marine targets 14% operating result through technology leadership and service growth Marine drivers to mid-term operating result-% target Pluses and minuses indicate the relative impact of change drivers for Marine operating result-% Operating leverage in Operations1) Operating leverage in SG&A1) 14
Slide 9: Energy targets 18% operating result driven by price realisation, structural revenue growth and operating leverage
Energy targets 18% operating result driven by price realisation, structural revenue growth and operating leverage Energy drivers to mid-term operating result-% target Pluses and minuses indicate the relative impact of change drivers for Energy operating result-% 18% Price realisation 15.3% Operating
Slide 10: A higher-margin and lower-risk order book provides a solid foundation to reach upgraded financial targets
A higher-margin and lower-risk order book provides a solid foundation to reach upgraded financial targets Order book development1) Q3/2026 order book delivery schedule The order book is well diversified Marine Energy Order book CAGR Equipment Agreements and retrofits across businesses, geographies
Slide 11: Strong order book supports future installed base expansion, creating attractive service revenue potential
Strong order book supports future installed base expansion, creating attractive service revenue potential also beyond the mid-term targets Q3/2026 order book delivery schedule, Marine Q3/2026 order book delivery schedule, Energy €bn Delivery schedule €bn €bn Delivery schedule €bn 6 3.0 6 3.0 5 2.5 5
Slide 12: Quarterly outlook guidance will shift from demand environment to sales
Quarterly outlook guidance will shift from demand environment to sales Current outlook method Future outlook method Demand guidance based on 12-month Net sales guidance based on 12-month forward demand environment outlook forward sales forecast Scope Scope Demand environment outlook by segment Net s
Slide 13: Disciplined capital allocation balances growth investment with attractive shareholder returns
Disciplined capital allocation balances growth investment with attractive shareholder returns Investments in growth and Shareholder distributions Selective M&A strategy execution • Fixed-asset investment at 1–3% • Dividend of at least 50% of • Focus on synergistic bolt-on of net sales mid-term earni
Slide 14: Delivering sustainable value creation
Delivering sustainable value creation Continued Improved Disciplined Sustainable growth profitability capital allocation value creation • Structural growth in • Price realisation • Profitable growth and • Towards new mid-term attractive end markets • Operating leverage working capital efficiency fin
Slide 15: Disclaimer
Disclaimer This presentation has been prepared by Wärtsilä Corporation ("Wärtsilä") solely for information purposes and does not constitute an offer to sell or buy any securities of Wärtsilä in any jurisdiction, nor does it constitute investment advice or a recommendation. Forward-looking statements
Slide 16: WÄRTSILÄ
re, WARTSILA