Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (March 2026)
28 slides from Valmet's roadshow presentation, March 2026
Slide 1: Valmet Roadshow presentation Q1/2026
Valmet Roadshow presentation Q1/2026
Slide 2: We have strong market positions globally
We have strong market positions globally Biomaterial solutions Biomaterial services Process Performance Solutions Board and Pulp and Flow Control Automation Tissue Energy Solutions Market position Market position Market position Market position Market position Pulp Energy Pulp and Energy and #1 #1–2
Slide 3: Proven track-record of growth in volumes and profitability
Proven track-record of growth in volumes and profitability Comparable EBITA Orders received (EUR billion) Net sales (EUR billion) (EUR million and % of net sales) 12% 10% 8% 5.8 5.5 5.4 5.2 5.2 5.1 5.2 6% 5.0 4.7 619 609 620 4.0 3.9 533 3.7 3.7 3.7 3.5 4% 3.3 3.3 3.1 3.1 3.0 2.9 3.1 429 2.9 2.5 365
Slide 4: Valmet in 2025
Valmet in 2025 Orders received Net sales Comparable EBITA (excl. Other) EUR EUR EUR EUR million million EUR EUR million million million million Biomaterial services EUR 1,948 million Orders received Net sales Comparable EBITA Comparable EBITA margin Order backlog Employees EUR 5,216 million EUR 5,19
Slide 5: Global presence creating a good platform for growth in Biomaterial services and Process Performance Solutions
Global presence creating a good platform for growth in Biomaterial services and Process Performance Solutions EMEA 10,565 employees China 2,283 employees >110 service centers North America 2,316 employees >70 production units Asia-Pacific >30 1,693 employees R&D centers Latin America 1,630 employees
Slide 6: Lead the Way: Transforming industries towards a regenerative tomorrow
Lead the Way Transforming industries towards a regenerative tomorrow Process Performance Biomaterial Solutions Solutions and Services UNLOCKING RESOURCE EFFICIENCY ADVANCING CIRCULARITY Leading lifecycle value, reliability Seamless lifecycle approach to and customer experience grow in services and t
Slide 7: Lead the Way strategy aims to reshape mindset and culture
Lead the Way strategy aims to reshape mindset and culture.. Technology first → Customer success first Separated projects and services → Lifecycle-centered approach Matrixed and complex → Accountable and empowered Continuous improvement → Bold multi-year targets 100+ initiatives based on Must-Wins →
Slide 8: Building on Valmet's strong foundation
..building on Valmet’s strong foundation Biomaterial Solutions and Services Process Performance Solutions Position in biomaterial markets Organic net sales growth (CAGR) #1-2 with world-leading references 6% 2017–2025 Of net sales from diverse industries 21% Market share in biomaterial services >60%
Slide 9: We are taking Valmet to a new level of performance
We are taking Valmet to a new level of performance ... elevated to next level of performance More focused, bolder strategy Differentiated, competitive businesses… Four strong fundamentals Fewer, more ambitious strategic initiatives World-leading technology Disciplined capital allocation focusi
Slide 10: Growing demand increases the need for our Biomaterial Solutions and Services
Growing demand increases the need for our Biomaterial Solutions and Services Global pulp demand, Mt Global board demand, Mt Global tissue demand, Mt 2% p.a. 2% p.a. 285 265 2% p.a. 245 <1% p.a. 189 171 175 2% p.a. 2% p.a. 40 43 47 2020 2024 F2028 2020 2024 F2028 2020 2024 F2028 Pulp demand growth ac
Slide 11: Valmet is well positioned to capture underlying market growth
Valmet is well positioned to capture underlying market growth Pulp, Energy and Circularity Packaging and Paper Tissue Pulp Energy Circularity Board Paper Tissue #1–2 #1–3 Strong #1 #1 #1 market position market position innovation market position market position market position track record Services
Slide 12: New Global Supply unit targeting significant structural efficiencies
New Global Supply unit targeting significant structural efficiencies Global Supply responsibilities Biomaterial Solutions and Services Full Valmet Direct procurement Indirect procurement Most production activities Health, safety and environment, quality management, and facilities actions Logistics E
Slide 13: Process Performance Solutions: Mission-critical solutions in customers' core processes
Process Performance Solutions: Mission-critical solutions in customers’ core processes Mission-critical Diversified and Unique leadership solutions attractive portfolio position in P&P with strong service business of customer industries providing solid base and based on large installed with strong p
Slide 14: Strong positions across diverse industries with 3% annual market growth
Strong positions across diverse industries with 3% annual market growth Process Performance EUR 16 billion EUR 15 billion Solutions Automation Solutions Flow Control market size Customer Pulp & Marine & Other Refining & Energy & Metals & industry Paper Process Chemicals Gases Mining Automation #1–2
Slide 15: Process Performance Solutions – Strong growth and profitability record
Process Performance Solutions – Strong growth and profitability record Automation Solutions Flow Control Net sales development, EUR million ◼ Automation Solutions Systematic portfolio expansion ◼ Flow Control and continuous investment into technology and digitalization 1,500 Organic CAGR: 6% CAGR Ma
Slide 16: 2030 financial targets reflect a step change in ambition
2030 financial targets reflect a step change in ambition 5% 15% 20% <50% Organic net sales growth Comparable EBITA Comparable ROCE Gearing (CAGR) over the cycle margin Comparable ROCE before taxes = (profit before taxes + interests and other financial expenses +/- items affecting comparability) / (b
Slide 17: Clear capital allocation priorities supporting long-term value creation
Clear capital allocation priorities supporting long-term value creation Organic growth Biomaterials Solutions and Services 1 Funding organic growth, focusing on ROCE and competitiveness Organic mandate: Grow services and drive cost competitiveness M&A potential: Limited, mainly in Biomaterial Servic
Slide 18: Strong cash conversion track record with growing operating cash flow
Strong cash conversion track record with growing operating cash flow Cash conversion Operating cash flow, EUR million Average cash conversion EUR million Comparable EBITA, EUR million L10Y 2015–2025: 700 CAGR 2015–2025: 92% Operating cash flow: 22% 600 Comparable EBITA: 13% With EBITA (unadjusted):
Slide 19: Appendix
Appendix Valmet >
Slide 20: Process Performance Solutions segment in 2025
Process Performance Solutions segment in 2025 Orders received by industry Orders received by area Orders received by products Orders received EUR 1,500 million 9% Net sales 9% EUR 1,481 million 36% 38% 47% 53% 62% 38% 8% Pulp and Paper North America Flow Control Automation Solutions Other Process In
Slide 21: Flow Control business area in 2025
Flow Control business area in 2025 Orders received by industry Orders received by area Orders received by products Orders received EUR 798 million 7% Orders received 8% 11% 16% 28% EUR 763 million Net sales 9% EUR 788 million 37% Net sales EUR 791 million Market Position 18% #1 Pulp and Paper 38% Ma
Slide 22: Automation Solutions business area in 2025
Automation Solutions business area in 2025 Orders received by industry Orders received by area Orders received by products Orders received EUR 702 million 7% 9% 35% 35% Net sales EUR 694 million 46% 50% 50% Market Position #1-2 Pulp and Paper 44% 5% #2-4 Energy and Process* 19% #1-2 Analyzer Prod. &
Slide 23: Biomaterial Solutions and Services segment in 2025
Biomaterial Solutions and Services segment in 2025 Orders received by BA Orders received by area Orders received by scope Orders received EUR 3,716 million 8% 22% 21% Net sales 13% 31% EUR 3,716 million 41% 52% 10% 27% 37% 39% North America Biomaterial services Pulp, Energy and Latin America Circula
Slide 24: Biomaterial services in 2025
Biomaterial services in 2025 Orders received by BA Orders received by area Orders received by scope Orders received EUR 1,948 million 12% 10% Net sales 9% 34% 31% EUR 1,856 million 38% 62% 54% 37% 13% North America Pulp, Energy and Latin America Consumables and performance parts Circularity EMEA Pac
Slide 25: Pulp, Energy and Circularity business area in 2025
Pulp, Energy and Circularity business area in 2025 Orders received by industry Orders received by area Orders received by scope Orders received EUR 1,536 million Orders received 9% EUR 763 million 8% 24% 43% Net sales EUR 1,610 million 38% Net sales 35% EUR 791 million Market Position #1-2 Pulp 11%
Slide 26: Packaging and Paper business area in 2025
Packaging and Paper business area in 2025 Orders received by industry Orders received by area Orders received by scope Orders received EUR 1,368 million 3% 6% Orders received 8% EUR 763 million Net sales 16% 55% 34% EUR 1,483 million Net sales 25% EUR 791 million Market Position #1-2 Board and Paper
Slide 27: Tissue business area in 2025
Tissue business area in 2025 Orders received by category Orders received by area Orders received by scope Orders received EUR 812 million Orders received 2% 4% 2% EUR 763 million Net sales 29% EUR 622 million 39% 55% Net sales EUR 791 million 45% 42% Market Position #1 Tissue Market position #1 Pulp
Slide 28: Valmet
Valmet >