Metso Corporation · OMXHEX:METSO
Metso — Metso Outotec — Q3 2022 Earnings Presentation
20 slides from Metso's earnings presentation, Oct 28, 2022
Slide 1: Interim Report Q3/2022
Interim Report Q3/2022 President and CEO Pekka Vauramo and CFO Eeva Sipilä October 28, 2022
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 Strategy, sustainability and outlook 04 Q&A October 28, 2022 Source:
Slide 4: Results in brief
01 Results in brief Pekka Vauramo President and CEO
Slide 5: Record result in Q3/22
Record result in Q3/22 Strong market activity High sales growth Highest adjusted Continued EBITA margin progress in to date sustainability Cash flow affected by an increase in working capital October 28, 2022
Slide 6: Group key figures
Group key figures EUR million % EUR million Q3/2022 Q3/2021 Change % Orders received* 1,401 1,649 -15 Sales 1,402 1,023 37 Adjusted EBITA 207 139 49 % of sales 14.8 13.6 – Operating profit 192 107 80 % of sales 13.7 10.5 – Earnings per share, continuing 0.16 0.09 78 operations, EUR Cash flow from op
Slide 7: Aggregates segment quarterly highlights
Aggregates segment quarterly highlights • Orders received EUR 351 million (EUR 325 EUR million % million) ◦ Strong activity in North America ◦ Equipment +8%, services +8% • Sales EUR 362 million (EUR 293 million) ◦ Strong execution of the backlog ◦ Services share 33% (37%) • Adjusted EBITA EUR 57 mi
Slide 8: Minerals segment quarterly highlights
Minerals segment quarterly highlights • Orders EUR 907 million (EUR 1,121 million) EUR million % ◦ Solid market activity ◦ Comparable equipment orders +14% (adjusted for one large order and Russia) ◦ Services orders +26% • Sales EUR 896 million (EUR 650 million) ◦ Equipment +36% ◦ Services +39% ◦ Se
Slide 9: Metals segment quarterly highlights
Metals segment quarterly highlights • Orders received EUR 143 million (EUR 204 EUR million % million) ◦ Comparable order intake more than doubled (adjusted for one large order) • Sales EUR 144 million (EUR 81 million) ◦ Increased deliveries from backlog ◦ Services share 14% (12%) • Adjusted EBITA EU
Slide 10: Financials in details
02 Financials in details Eeva Sipilä CFO
Slide 11: Income Statement
Income Statement EUR million Q3/2022 Q3/2021 Q1-Q3/2022 Q1-Q3/2021 2021 Sales 1,402 1,023 3,861 2,958 4,236 EUR Adj. EBITA 207 139 519 384 547 Adj. EBITA, % 14.8 13.6 13.4 13.0 12.9 Operating profit* 192 107 319 295 425 Operating profit, % 13.7 10.5 8.3 10.0 10.0 Net financial expenses -16 -8 -47 -2
Slide 12: Balance Sheet
Balance Sheet EUR million Sep 30, 2022 Sep 30, 2021 Dec 31, 2021 EUR million Intangible assets 2,004 2,013 2,002 Total property, plant and equipment 410 366 373 Right-of-use assets 118 131 127 Other non-current assets 301 248 234 Inventories 1,887 1,236 1,269 Receivables (trade and other) 1,625 1,11
Slide 13: Cash flow affected by increase in working capital
Cash flow affected by increase in working capital EUR million Q3/2022 Q3/2021 Q1-Q3/2022 Q1-Q3/2021 2021 EUR million Profit for the period 131 76 195 222 342 Adjustments: Depreciation and amortization 39 41 116 124 167 Financial expenses, net 16 8 47 26 39 Income taxes 47 27 73 70 92 Other items 6 1
Slide 14: Financial position
Financial position • New two-year EUR 100 million term loan EUR million Sep 30, 2022 Sep 30, 2021 Dec 31, 2021 agreement Liquid funds 467 550 473 • Average interest rate of total loans and Net debt 690 563 470 derivatives 1.37% • Ratings: Gearing, % 30.1 26.5 20.9 ◦ S&P (February 2022): 'BBB-' long-
Slide 15: Strategy, sustainability and outlook
03 Strategy, sustainability and outlook Pekka Vauramo President and CEO
Slide 16: Portfolio development
Portfolio development Review of the Metals businesses expected to complete in Q1/23 Market active for small M&A ◦ Global Physical Asset Management acquired in September October 28, 2022
Slide 17: Sustainability highlights in Q3/22
Sustainability highlights in Q3/22 Planet Positive launches during the quarter included: EUR million ◦ Next generation OKTOP® CIL Reactor for gold leaching and recovery ◦ NextGen Pelletizing™ concept supporting transition to green steel Recycling service of worn-out mill liners introduced: ◦ Reduces
Slide 18: Market Outlook
Market Outlook Market activity is expected to remain at the current level, with the mining market remaining strong and the aggregates market declining due to the expected softening of the European market. According to its disclosure policy, Metso Outotec’s market outlook describes the expected seque
Slide 19: Q&A
04 Q&A October 28, 2022
Slide 20: Partner for positive change
Partner for positive change mogroup.com