Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (March 2022)
31 slides from Valmet's roadshow presentation, March 2022
Slide 1: Valmet – unique offering with process technology, automation and services
Valmet – unique offering with process technology, automation and services Roadshow presentation March 2022
Slide 2: Important notice
Important notice The following applies to this presentation, the oral presentation of the information in this presentation by Valmet Oyj (“Valmet” or the “Company”) or any person on behalf of Valmet, and any question-and-answer session that follows the oral presentation (collectively, the “Informati
Slide 3: Agenda
Agenda Valmet roadshow presentation 1 Valmet in brief 2 Investment highlights 3 Financials 4 Conclusion 3 March 2022 © Valmet | Roadshow presentation
Slide 4: Valmet in brief
Valmet in brief Valmet <>
Slide 5: 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 6: 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) (%) 5.0 5.0 500 12% 4.5 4.5 450 10% 4.0 4.0 400 3.5 3.5 350 8% 3.0 3.0 300 2.5 2.5 250 6% 2.0 2.0 200 4% 1.5 1.5 150 1.0 1.0 100 2% 0.5 0.5 50 0.0 0.0 0 0% 201
Slide 7: Key figures in 2021
Key figures in 2021 Orders received by business line Orders received by area Orders received 11% EUR 4,740 million 15% Net sales 31% 36% EUR 3,935 million 16% 15% Comparable EBITA EUR 429 million Comparable EBITA margin 8% 10.9% 25% 43% Order backlog EUR 4,096 million Services North America Employee
Slide 8: Strong, global presence is a good platform for growth
Strong, global presence is a good platform for growth EMEA ~100 98 9,296 employees service centers sales offices China 1,911 employees North America 1,500 employees 43 16 production units R&D centers Asia-Pacific 935 employees 8 South America Performance Centers 604 employees Personnel as at Decembe
Slide 9: 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 9 March 2022 © Valmet | Roadshow presentation
Slide 10: 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 82 million ~1,300 research and R&D spending protected development in 2021 inventions
Slide 11: Acknowledged leader in sustainability
Acknowledged leader in sustainability 360º approach to sustainability across value chain Environmental Engaged efficiency workplace Good sustainability ratings In Dow Jones Sustainability Index for the Climate Health and safety eighth consecutive year AAA rating in the MSCI ESG Ratings assessmen
Slide 12: Valmet´s Climate Program: Forward to a carbon neutral future
Valmet´s Climate Program: Forward to a 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 cu
Slide 13: 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 14: Investment highlights
Investment highlights Valmet <>
Slide 15: 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 16: 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 17: 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 18: 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 1,488
Slide 19: 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 468 Organic
Slide 20: 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 1,694 m
Slide 21: 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 22: 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 23: Financials
Financials Valmet <>
Slide 24: Key figures
Key figures EUR million Q4/2021 Q4/2020 Change 2021 2020 Change Orders received 1,093 940 16% 4,740 3,653 30% Order backlog1 4,096 3,257 26% 4,096 3,257 26% Net sales 1,199 1,167 3% 3,935 3,740 5% Comparable EBITA 147 146 0% 429 365 18% % of net sales 12.2% 12.5% 10.9% 9.8% EBITA 155 147 6% 448 355
Slide 25: Comparable EBITA margin at target level
Comparable EBITA margin1 at target level Net sales and Comparable EBITA (EUR million and %)1 3,935 3,740 3,547 10.9% 3,325 Target 10–12% 3,058 9.8% 2,928 2,926 8.9% 2,473 7.7% Capital Business 7.1% 6.7% 6.2% Stable business 1,832 2,079 2,230 4.3% 1,473 1,584 1,799 1,572 1,715 1,705 Comparable 1,661
Slide 26: Guidance and short-term market outlook
Guidance and short-term market outlook Guidance for 2022 Guidance Valmet estimates that net sales in 2022 will increase in comparison with 2021 (EUR 3,935 million) and Comparable EBITA in 2022 will increase in comparison with 2021 (EUR 429 million). Short-term market outlook Q1/2021 Q2/2021 Q3/2021
Slide 27: Dividend proposal
Dividend proposal Dividend policy • Dividend payout at least 50% of net profit Board of Directors’ dividend proposal to the Annual General Meeting • EUR 1.20 dividend per share, which represents 61% payout ratio Dividend per share (euro) 1.20 0.80 0.90 0.55 0.65 0.35 0.42 0.15 0.25 2013 2014 2015 20
Slide 28: Conclusion
Conclusion Valmet <>
Slide 29: 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 30: 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 31: Forward
FORWARD