Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (February 2022)
85 slides from Valmet's roadshow presentation, February 2022
Slide 1: Valmet – unique offering with process technology, automation and services
Valmet – unique offering with process technology, automation and services Roadshow presentation February 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 February 2022 © Valmet | Roadshow presentation
Slide 4: Valmet in brief
Valmet in brief Valmet <>
Slide 5: 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 February 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: Appendix
Appendix 1 Financials 2 Growth and profitability improvement 3 Shareholders and share price development 4 Strategy and offering 5 Management and remuneration 31 February 2022 © Valmet | Roadshow presentation
Slide 32: Financials
Appendix ; Financials Valmet <>
Slide 33: Quarterly Comparable EBITA margin development
Quarterly Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %) 12.5% 12.2% 11.4% 1,167 Target 10–12% 1,103 10.1% 11.5% 10.9% 9.5% 10.7% 9.4% 967 984 919 943 935 901 854 8.4% 844 8.0% 857 8.3% 832 858 777 779 804 7.5% 785 7.8% 821 734 7.3% 765 6.9% 732 715 732 685 7.
Slide 34: Services: Orders received increased to EUR 1,488 million in 2021
Services: Orders received increased to EUR 1,488 million in 2021 Orders received (EUR million) Net sales (EUR million) Q4/2020: Q4/2021: Q4/2020 : Q42021 : EUR 342 million EUR 388 million EUR 402 million EUR 415 million 1,600 1,459 1,488 1,600 1,315 1,356 1,374 1,327 1,366 1,400 1,242 1,400 1,182 1,
Slide 35: Automation: Orders received increased to EUR 467 million in 2021
Automation1: Orders received increased to EUR 467 million in 2021 Orders received (EUR million) Net sales (EUR million) Q4/2020: Q4/2021: Q4/2020: Q4/2021: EUR 120 million EUR 119 million EUR 141 million EUR 160 million 500 467 500 450 416 415 402 412 386 393 400 368 85 400 357 337 57 81 316 335 73
Slide 36: Pulp and Energy: Orders received increased to EUR 1,178 million in 2021
Pulp and Energy: Orders received increased to EUR 1,178 million in 2021 Orders received (EUR million) Net sales (EUR million) Q4/2020: Q4/2021: Q4/2020: Q4/2021: EUR 291 million EUR 240 million EUR 286 million EUR 307 million 1,600 1,600 1,344 1,400 1,400 1,125 1,178 1,200 1,200 1,036 1,000 956 1,00
Slide 37: Paper: Orders received increased to EUR 1,694 million in 2021
Paper: Orders received increased to EUR 1,694 million in 2021 Orders received (EUR million) Net sales (EUR million) Q4/2020: Q4/2021: Q4/2020: Q4/2021: EUR 211 million EUR 360 million EUR 362 million EUR 345 million 1,800 1,694 1,800 1,600 1,600 1,400 1,400 1,195 1,200 1,035 1,077 1,043 1,029 1,200
Slide 38: Orders received and net sales split in 2021
Orders received and net sales split in 2021 Orders received (EUR million and % of total) Net sales (EUR million and % of total) 1,488 1,195 1,694 31% 30% 1,366 36% 35% Services Services Automation Automation Pulp and Energy Pulp and Energy Paper Paper 381 8% 339 1,178 1,036 9% 25% 26% 544 725 377 11
Slide 39: Business lines in 2021: Stable business
Business lines in 2021: Stable business Services business line Automation business line 18% 10% 9% 15% 26% 10% 11% 30% 35% Orders received Orders received 7% 18% 9% 74% 13% 16% 41% 59% Performance parts Rolls North America Pulp and Paper North America Fabrics South America Energy and Process South A
Slide 40: Business lines in 2021: Capital business
Business lines in 2021: Capital business Pulp and Energy business line Paper business line 13% 2% 14% 13% 11% 22% 24% 7% Orders received Orders received 14% 16% 24% 78% 79% 48% 37% Pulp North America Board North America Energy South America Paper South America EMEA Tissue EMEA China China Asia-Pacif
Slide 41: Areas: Orders received and net sales development
Areas: Orders received and net sales development North America South America EMEA China Asia-Pacific (EUR million and % of total) 2,022 Orders received 1,690 1,594 1,606 1,470 1,508 1,420 1,320 880 885 804 755 717 686 730 621 725 670 696 48% 46% 51% 46% 588 533 43% 42% 43% 572 523 586 544 414 490 24
Slide 42: Areas: Business line split in 2021
Areas: Business line split in 2021 North America South America EMEA China Asia-Pacific Orders received 18% 21% 25% 28% 38% 3% 31% 30% 39% 4% 3% 54% 9% 62% 6% 11% 22% 40% 28% 27% Services Automation Services Automation Services Automation Services Automation Services Automation Pulp and Energy Paper
Slide 43: Announced orders booked in H1/2022
Announced orders booked in H1/2022 Booked Date Description Business line Country Value quarter Q1 Feb 2 Waste-to-energy boiler to Thang Long Energy Environment Joint Pulp & Energy Vietnam Not disclosed. The value of an order of this type is around EUR 20–30 million. Stock Company 43 February 2022 ©
Slide 44: Announced orders booked in H2/2021
Announced orders booked in H2/2021 Booked Date Description Business line Country Value quarter Q3 Jul 7 Turnkey biopower plant for the city of Salzburg Pulp and Energy Austria Not disclosed. Q3 Sep 17 Container board making line to Kipas Kagit Paper Turkey Not disclosed. The total value of an order
Slide 45: 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 for Metsä Tissue Paper Finland Not disclosed Q1 Jan 29 Textile recycling plant's main equipment for Renewcell Pulp and Energy Sweden Around EUR 25 million Q1 Feb
Slide 46: Orders received increased to EUR 4,740 million in 2021
Orders received increased to EUR 4,740 million in 2021 Orders received (EUR million) Orders received by area (EUR million) 2,000 5,000 5,000 4,740 1,800 4,500 4,500 544 1,600 4,000 4,000 3,653 755 1,400 3,500 3,500 349 1,200 3,000 3,000 885 1,000 2,500 2,500 2,022 800 2,000 2,000 1,312 1,420 600 1,1
Slide 47: Stable business orders received totaled EUR 1,954 million in 2021
Stable business orders received totaled EUR 1,954 million in 2021 Orders received (EUR million) in stable business1 2,500 1,954 2,000 1,875 1,772 1,701 1,609 467 1,519 416 1,500 1,367 386 415 368 337 1,035 1,055 248 1,000 1,459 1,356 1,488 1,182 1,242 1,315 500 1,035 1,055 1,119 0 2013 2014 2015 201
Slide 48: Order backlog EUR 4,096 million at the end of 2021
Order backlog EUR 4,096 million at the end of 2021 Order backlog (EUR million) Structure of order backlog 4,500 4,000 4,096 ~25% 3,500 3,333 3,257 3,000 2,829 2,500 2,283 2,458 ~75% 2,000 1,998 2,074 1,500 1,000 500 Stable business 0 Capital business 2014 2015 2016 2017 2018 2019 2020 2021 • Order b
Slide 49: 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) 1,000 35% 600 35% 30% 500 30% 800 25% 25% 25% 400 600 20% 20% 300 15% 400 15% 15% 200 10% 10% 200 5% 100 5% 0 0% 0 0% 2014 2015 2016 2017 2018 2019 2020 2021 2014 2015 2016 2017 2018
Slide 50: Cash flow provided by operating activities and net working capital
Cash flow provided by operating activities and net working capital Cash flow provided by operating activities (EUR million) Net working capital and orders received (EUR million) 600 5,000 50% 4,740 4,000 40% 500 532 3,986 482 3,722 3,653 3,000 3,272 30% 400 3,071 3,139 2,878 2,000 20% 300 291 284 29
Slide 51: Capital employed, Comparable ROCE and EPS
Capital employed, Comparable ROCE and EPS Capital employed (EUR million) and Earnings per share, EUR Comparable return on capital employed (ROCE), before taxes (%) 1,808 23% 1.98 1,639 23% 20% 22% 1,314 1.54 1,231 1,195 1,137 1.35 1,150 14% 13% 16% 877 1.01 10% 0.81 0.51 0.55 0.31 2014 2015 2016 201
Slide 52: 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 53: 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 4,740 3,935 Pulp and 3,740 Energy, and 3,986 3,547 10.9% 3,722 3,653 3,325 9.8% Paper business 3,272 3,014 2,928 2,926 3,058 8.9% lines 3,225 3,139 3,071 2,703 7.7% 2,87
Slide 54: Growth and profitability improvement
Appendix Growth and profitability improvement
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 1,778 •
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% 4.0% 3.6% 3.1% 2.9% >3.0% 2.6% 2.8% 2.4% 2.2% 2.2% 1.9% <1.3% 2013 2014 2015 2016 2017 2018 2019 2020 2021 Annual goal 2013 2014 2015
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 GL&V 29.5% share in Neles automation and exp
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: Shareholders and share price development
Appendix Shareholders and share price development
Slide 64: Largest shareholders on January 31, 2022
Largest shareholders on January 31, 2022 Based on indicative data collected by Modular Finance # Shareholder name Number of shares % of shares and votes 1 Solidium Oy 16,695,287 11.14 % 2 Vanguard 4,310,537 2.88 % 3 Swedbank Robur Funds 4,072,431 2.72 % 4 Norges Bank 3,913,666 2.61 % 5 Ilmarinen Mut
Slide 65: Shareholder structure on January 31, 2022
Shareholder structure on January 31, 2022 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 393 0.66 80,756,888 53.89 Finnish instituti
Slide 66: Share of non-Finnish holders and number of shareholders
Share of non-Finnish holders and number of shareholders Valmet has 60,162 shareholders and 53.9% of the shares are held by investors outside Finland 62,000 58% 60,000 57% 58,000 56% 55% 56,000 54% 54,000 53% 52,000 52% 50,000 51% 48,000 50% 46,000 49% 44,000 48% 42,000 47% 40,000 46% 12/2013 03/2014
Slide 67: Valmet share price development
Valmet share price development Valmet share price development vs OMXH price index, last 3 years Share price Valmet OMX Helsinki 40 December 31, 2021 37.72 12,862 January 31, 2021 33.63 12,221 35 High 38.59 13,159 Low 32.23 11,648 30 Market cap (EUR million) 5,040 25 Volume 2021 % of outstanding Tota
Slide 68: Strategy and offering
Appendix Strategy and offering
Slide 69: 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 70: 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 71: 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 72: 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 73: 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 74: 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 75: 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 76: 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 77: 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 78: 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 79: 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 – Valmet’s R&D focus Valmet’s R&D resources OptiConcept M board and paper Customers’ needs machine • Increase production • Modularized and • Own R&D centers and efficiency standardized products
Slide 80: 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 81: 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 82: Management and remuneration
Appendix Management and remuneration
Slide 83: 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 84: 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: 157,581 Share ownership: 47,655 Operational Development Sustainability and Corporate Relations Share ownership: 32,709
Slide 85: FORWARD
FORWARD