Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (February 2025)
100 slides from Valmet's roadshow presentation, February 2025
Slide 1: Valmet – unique offering to support a growing market
Valmet – unique offering to support a growing market Roadshow presentation February 2025
Slide 2: Agenda
Agenda Valmet roadshow presentation 1 Valmet in brief 2 Investment highlights 3 Financial targets and acquisitions 4 Q4/2024 and 2024 financials, guidance and short-term market outlook 2 February 2025 © Valmet | Roadshow presentation
Slide 3: Valmet in brief
Valmet in brief Valmet >
Slide 4: Valmet's offering is unique and the widest in the market
Valmet’s offering is unique and the widest in the market Board and tissue Pulp Energy • Board, paper and tissue production lines • Wood and pulp handling • Heat and power generation • Tissue converting • Fiber processing • Air emission control • Rebuilds • Recovery • Pyrolysis solutions • Machine se
Slide 5: We have strong market positions
We have strong market positions Process technologies Services Automation Board and Pulp and Flow Control Automation Tissue Energy Systems Market position Market position Market position Market position Market position Pulp Energy Pulp and Energy and #1-2 #1–2 Pulp and Industrial paper process #1 #1–
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) (%) 2013 figures on carve-out basis. 2013–2020 figures have not been restated to reflect the new segment reporting structure which Valmet implemented as of Jan
Slide 7: Valmet's key figures
Valmet’s key figures 2024 Net sales by segment Net sales by area Orders received EUR 5,837 million Net sales EUR 5,359 million Comparable EBITA EUR 609 million Comparable EBITA margin 11.4% Order backlog EUR 4,452 million Employees 19,310 7 February 2025 © Valmet | Roadshow presentation
Slide 8: Valmet has three strong segments
Valmet has three strong segments 2024 figures Net sales Comparable EBITA Comparable EBITA margin (excl. Other) (excl. Other) 8 February 2025 © Valmet | Roadshow presentation
Slide 9: Global presence creating a good platform for growth in Services and Automation
Global presence creating a good platform for growth in Services and Automation EMEA 11,188 employees China 2,388 employees ~130 service centers North America 2,497 employees 60 production units Asia-Pacific 34 1,718 employees R&D centers South America 1,519 employees 9 February 2025 © Valmet | Roads
Slide 10: Valmet's R&D is aiming to address global megatrends
Valmet’s R&D is aiming to address global megatrends R&D focus areas • Promotion of renewable materials • Raw material, water and energy efficiency • Emission reductions • Circularity • Productivity and environmental improvements with digitalization 34 EUR 123 million ~1,500 research and R&D spending
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 tenth consecutive year AAA rating in the MSCI ESG Ratings assessment
Slide 12: Valmet's Climate Program has progressed well
Valmet’s Climate Program has progressed well The target to enable carbon neutral production for pulp and paper industry customers achieved seven years ahead of schedule Targets by 2030 for the entire value chain SUPPLY CHAIN OWN OPERATIONS USE PHASE OF VALMET’S TECHNOLOGIES - 20% - 80% - 20% 100% CO
Slide 13: Investment highlights
Investment highlights Valmet >
Slide 14: Valmet's investment highlights
Valmet’s investment highlights 1 Unique offering to support a growing market 2 Process Technologies segment benefiting from the growing demand for bio-based products and energy 3 EUR 3.4 billion recurring and steadily growing stable business 4 Services segment’s demand driven by large and growing gl
Slide 15: Unique offering to support a growing market
Unique offering to support a growing market Unique offering Strong market drivers Competitive advantage from Process Technologies • E-commerce and global trade the widest offering in the market • Renewable materials replacing plastic packaging • Conversions from paper to board • Energy transition an
Slide 16: Process Technologies segment benefiting from growing demand for bio-based products and energy
Process Technologies segment benefiting from the growing demand for bio-based products and energy • New pulp and paper capacity is needed as demand for bio- Net sales (EUR million) based products continues to grow • Energy transition creates a growing market for Valmet’s energy offering • Large old
Slide 17: EUR 3.4 billion recurring and steadily growing stable business
EUR 3.4 billion recurring and steadily growing stable business • Valmet’s stable business has grown Orders received (EUR million) steadily since 2014 • Future growth possibilities are supported by favorable megatrends • Stable business provides resilience to business cycles and makes Valmet’s order
Slide 18: Services segment's demand driven by large and growing global installed base
Services segment’s demand driven by large and growing global installed base Orders received (EUR million) • Valmet’s Services is a growing and recurring CAGR business ~6% • Demand driven by large and growing global installed base • Roughly EUR 8 billion addressable market estimated to grow 2% annual
Slide 19: Automation segment with high growth and profitability
Automation segment with high growth and profitability • Valmet’s Automation is a growing and recurring Orders received (EUR million) business • Large addressable target market estimated to grow ~3% annually • Target to continue to grow over two times the market growth • Sustainability, digitalizatio
Slide 20: Future growth possibilities from new sustainable innovations
Future growth possibilities from new sustainable innovations Textile fibers Valmet 3D fiber New bioproducts Flow Control and Automation Systems Technology to produce Next generation of molded Lignin usage to replace Solid position to grow in viscose pulp from recycled fiber fossil-based carb
Slide 21: Building Valmet on positive megatrends and strategy of renewal
Building Valmet on positive megatrends and strategy of renewal and continuous development Demand for bio-based New growth Steadily growing products and energy Strategy opportunities stable business continues to grow The large pulp and paper Future growth EUR 3.4 billion stable Strong track r
Slide 22: Financial targets and acquisitions
Financial targets and acquisitions
Slide 23: Financial targets
Financial targets Growth Profitability ROCE Dividend policy Net sales for Services and Comparable EBITA: Comparable return on Dividend payout at least Automation segments to 12–14% capital employed (ROCE) 50% of net profit grow over two times the before taxes1 at least 15% market growth Net sales fo
Slide 24: Concrete actions to reach Comparable EBITA target of 12–14% through must-wins
Concrete actions to reach Comparable EBITA target of 12–14% through must-wins Customer Technology Processes People Grow stable business Leverage strong R&D Ensure good project Increase procurement, over two times the for new product operations to reach a production and market growth innovati
Slide 25: Improvement in Comparable EBITA is the biggest driver for ROCE
Improvement in Comparable EBITA is the biggest driver for ROCE Main drivers for ROCE: Track record • Improvement in Comparable Capital employed (EUR million) Comparable ROCE (%, before taxes) EBITA is the biggest driver for ROCE • Capital employed increased in 2022 due to the Neles merger Target ≥15
Slide 26: Valmet has paid attractive dividend
Valmet has paid attractive dividend • Payout target at least 50% of net profit • Target has been exceeded every 1 year 1 • Constant dividend growth Total payout (EUR) in dividends since 2013 (incl. 2023) 1.3bn 1: Board of Director’s proposal to the Annual General Meeting 26 February 2025 © Valmet |
Slide 27: Opportunities to strengthen segments through acquisitions
Opportunities to strengthen Services, Automation and Process Technologies segments through acquisitions Strong track record of successful acquisitions Acquisition strategy • Opportunities to strengthen Services, Automation and • 14 acquisitions made since becoming an independent Process Technologies
Slide 28: Q4/2024 and 2024 financials, guidance and short-term market outlook
Q4/2024 and 2024 financials, guidance and short-term market outlook
Slide 29: Key figures
Key figures EUR million Q4/2024 Q4/2023 Change 2024 2023 Change Orders received 2,463 1,155 >100% 5,837 4,955 18% Order backlog1 4,452 3,973 12% 4,452 3,973 12% Net sales 1,528 1,499 2% 5,359 5,532 -3% Comparable EBITA 192 183 5% 609 619 -2% % of net sales 12.6% 12.2% 0.4 pp 11.4% 11.2% 0.2 pp EBITA
Slide 30: Segment key figures
Segment key figures Orders received, EUR million Q4/2024 Q4/2023 Change 2024 2023 Change Services 479 404 19% 1,915 1,760 9% Automation 443 319 39% 1,446 1,340 8% Process Technologies 1,541 343 >100% 2,477 1,856 33% Total 2,463 1,155 >100% 5,837 4,955 18% Net sales, EUR million Q4/2024 Q4/2023 Chang
Slide 31: Comparable EBITA margin development
Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %)1 Target 12–14% Comparable EBITA, 182 196 218 257 316 365 429 533 619 609 (EUR million) 1. Valmet implemented IFRS 15 – Revenue from Contracts with Customers as of January 1, 2018 by applying full retrospective met
Slide 32: Net debt remained at the previous quarter's level
Net debt remained at the previous quarter’s level Net debt (EUR million) and gearing (%) Net debt to EBITDA* ratio • Net debt remained at the previous quarter’s level and gearing amounted to 39% • Net debt to EBITDA* ratio increased compared with Q4/2023 • The average interest rate of Valmet's total
Slide 33: Dividend Proposal
Dividend Proposal Dividend policy • Dividend payout at least 50% of net profit Board of Directors’ proposal to the Annual General Meeting • EUR 1.35 dividend per share, which represents 89% payout ratio • The dividend shall be paid in two installments 33 February 2025 © Valmet | Roadshow presentatio
Slide 34: Guidance and short-term market outlook
Guidance and short-term market outlook Guidance for 2025 (Published on February 13, 2025) Guidance Valmet estimates that net sales in 2025 will remain at the previous year's level in comparison with 2024 (EUR 5,359 million) and Comparable EBITA in 2025 will remain at the previous year's level in com
Slide 35: Valmet's investment highlights
Valmet’s investment highlights 1 Unique offering to support a growing market 2 Process Technologies segment benefiting from the growing demand for bio-based products and energy 3 EUR 3.4 billion recurring and steadily growing stable business 4 Services segment’s demand driven by large and growing gl
Slide 36: 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 37: FORWARD
FORWARD
Slide 38: Appendix
Appendix 1 Financials 2 Growth and profitability improvement 3 Shareholders and share price development 4 Offering 5 Management and remuneration 38 February 2025 © Valmet | Roadshow presentation
Slide 39: Financials
Appendix ; Financials Valmet >
Slide 40: Quarterly Comparable EBITA margin development
Quarterly Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %) Target 12–14% Comparable EBITA 31 57 52 56 34 48 56 81 22 61 61 113 47 69 81 118 52 76 91 146 80 95 107 147 79 122 136 196 136 153 151 183 121 141 192 (EUR million) 40 February 2025 © Valmet | Roadshow p
Slide 41: Comparable gross profit and SG&A expenses development
Comparable gross profit and SG&A expenses development Comparable gross profit Comparable SG&A expenses (EUR million and % of net sales) (EUR million and % of net sales) • Comparable gross profit was 28% of net sales in Q4/2024 (26% in Q4/2023) – Stable business represented 65% of net sales (59% in Q
Slide 42: Capital employed, Comparable ROCE and EPS
Capital employed, Comparable ROCE and EPS Capital employed (EUR million) and Comparable return on capital Earnings per share (EPS) and Adjusted EPS, EUR employed (ROCE), before taxes (%) • The acquisitions of Analyzer Products and Integration in 2024 and Tissue • 2024 Adjusted EPS decreased compared
Slide 43: 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 capital1 and orders received (EUR million) • Cash flow provided by operating activities amounted to EUR 554 in 2024 and EUR 178 million in Q4/2024 • CAPEX1 amounted
Slide 44: Debt maturity structure
Debt maturity structure As at December 31, 2024, EUR million (excluding lease liabilities) Annual repayments Debt maturity structure (EUR million) 700 600 500 Revolving Credit Facility (Unused) 400 Other current financial liabilities 377 300 300 349 Bonds 200 Loans from Financial Institutions 200 20
Slide 45: Services: Orders received increased to EUR 1.9 billion in 2024
Services: Orders received increased to EUR 1.9 billion in 2024 Orders received (EUR million) Net sales (EUR million) Comparable EBITA (EUR million and % of net sales) 2023: 2024: 2023: 2024: 2023: 2024: EUR 1,760 million EUR 1,915 million EUR 1,784 million EUR 1,900 million EUR 312 million EUR 331 m
Slide 46: Automation: Orders received increased to EUR 1.4 billion in 2024
Automation: Orders received increased to EUR 1.4 billion in 2024 Orders received (EUR million) Net sales (EUR million) Comparable EBITA (EUR million and % of net sales) 2023: 2024: 2023: 2024: 2023: 2024: EUR 1,340 million EUR 1,446 million EUR 1,328 million EUR 1,437 million EUR 248 million EUR 255
Slide 47: Flow Control: Orders received amounted to EUR 763 million in 2024
Flow Control: Orders received amounted to EUR 763 million in 2024 Orders received (EUR million)* Net sales (EUR million)* 2023: 2024: 2023: 2024: EUR 789 million* EUR 763 million EUR 777 million* EUR 791 million • Orders received remained at previous year’s level and amounted to EUR 763 million in 2
Slide 48: Automation Systems: Orders received increased to EUR 683 million in 2024
Automation Systems: Orders received increased to EUR 683 million in 2024 Orders received (EUR million) Net sales (EUR million) 2023: 2024: 2023: 2024: EUR 551 million EUR 683 million EUR 551 million EUR 646 million • Orders received increased compared with 2023 – Orders received increased in South A
Slide 49: Process Technologies: Orders received increased to EUR 2.5 billion in 2024
Process Technologies: Orders received increased to EUR 2.5 billion in 2024 Orders received (EUR million) Net sales (EUR million) Comparable EBITA (EUR million and % of net sales) 2023: 2024: 2023: 2024: 2023: 2024: EUR 1,856 million EUR 2,477 million EUR 2,420 million EUR 2,023 million EUR 110 milli
Slide 50: Pulp and Energy business line: Orders received increased to EUR 1,581 million
Pulp and Energy business line: Orders received increased to EUR 1,581 million in 2024 Orders received (EUR million) Net sales (EUR million) 2023: 2024: 2023: 2024: EUR 854 million EUR 1,581 million EUR 1,067 million EUR 870 million • Orders received increased compared with 2023 – Orders received inc
Slide 51: Paper business line: Orders received decreased to EUR 897 million
Paper business line: Orders received decreased to EUR 897 million in 2024 Orders received (EUR million) Net sales (EUR million) 2023: 2024: 2023: 2024: EUR 1,002 million EUR 897 million EUR 1,353 million EUR 1,152 million • Orders received decreased compared with 2023 – Orders received increased in
Slide 52: Orders received increased to EUR 5.8 billion in 2024
Orders received increased to EUR 5.8 billion in 2024 Orders received (EUR million) Orders received in 2024 by industry • Orders received included a landmark order for a complete pulp mill with full-scope automation and flow control solutions to Brazil from Arauco, valued at over EUR 1 billion • Orde
Slide 53: Order backlog amounted to close to EUR 4.5 billion at the end of 2024
Order backlog amounted to close to EUR 4.5 billion at the end of 2024 Order backlog (EUR million) Structure of order backlog by segment • Order backlog was EUR 479 million higher than at the end of 2023 • Approximately EUR 3.1 billion of the order backlog is currently expected to be realized as net
Slide 54: Selected announced orders booked in 2024
Selected announced orders booked in 2024 Booked quarter Date Description Business line Country Value Q1 Mar 19 Advantage DCT 200 tissue production line to Crown Paper Mill Paper Saudi Arabia Not disclosed Q1 Apr 16 Boiler rebuild to E.ON's power station Pulp and Energy United Kingdom Not disclosed Q
Slide 55: Orders received and net sales split in 2024
Orders received and net sales split in 2024 55 February 2025 © Valmet | Roadshow presentation
Slide 56: Services segment in 2024
Services segment in 2024 56 February 2025 © Valmet | Roadshow presentation
Slide 57: Flow Control business line in 2024
Flow Control business line in 2024 57 February 2025 © Valmet | Roadshow presentation
Slide 58: Automation Systems business line in 2024
Automation Systems business line in 2024 58 February 2025 © Valmet | Roadshow presentation
Slide 59: Pulp and Energy business line in 2024
Pulp and Energy business line in 2024 59 February 2025 © Valmet | Roadshow presentation
Slide 60: Paper business line in 2024
Paper business line in 2024 Orders received EUR 1,002 million Net sales EUR 1,353 million Employees 4,759 Market position #1 Tissue #1 Board #1 Paper 60 February 2025 © Valmet | Roadshow presentation Tissue Converting became part of Valmet in November 2023.
Slide 61: Areas: Orders received and net sales development
Areas: Orders received and net sales development 2013 figures on a carve-out basis. 61 February 2025 © Valmet | Roadshow presentation
Slide 62: Areas: Business line split in 2024
Areas: Business line split in 2024 Figures have not been restated. 62 February 2025 © Valmet | Roadshow presentation
Slide 63: Growth and profitability improvement
Appendix Growth and profitability improvement
Slide 64: Strong track record of net sales growth in all segments
Strong track record of net sales growth in all segments 64 February 2025 © Valmet | Roadshow presentation
Slide 65: Unique offering to support a growing market
Unique offering to support a growing market Unique offering Strong market drivers Competitive advantage from Process Technologies • E-commerce and global trade the widest offering in the market • Renewable materials replacing plastic packaging • Conversions from paper to board • Energy transition an
Slide 66: Building Valmet on positive megatrends and strategy of renewal
Building Valmet on positive megatrends and strategy of renewal and continuous development Demand for bio-based New growth Steadily growing products and energy Strategy opportunities stable business continues to grow The large pulp and paper Future growth EUR 3.4 billion stable Strong track r
Slide 67: Concrete actions to reach Comparable EBITA target of 12–14% through must-wins
Concrete actions to reach Comparable EBITA target of 12–14% through must-wins Customer Technology Processes People Grow stable business Leverage strong R&D Ensure good project Increase procurement, over two times the for new product operations to reach a production and market growth innovati
Slide 68: Process Technologies segment benefiting from growing demand for bio-based products and energy
Process Technologies segment benefiting from the growing demand for bio-based products and energy • New pulp and paper capacity is needed as demand for bio- Net sales (EUR million) based products continues to grow • Energy transition creates a growing market for Valmet’s energy offering • Large old
Slide 69: Services segment's demand driven by large and growing global installed base
Services segment’s demand driven by large and growing global installed base Orders received (EUR million) • Valmet’s Services is a growing and recurring CAGR business ~6% • Demand driven by large and growing global installed base • Roughly EUR 8 billion addressable market estimated to grow 2% annual
Slide 70: Automation segment with high growth and profitability
Automation segment with high growth and profitability • Valmet’s Automation is a growing and recurring Orders received (EUR million) business • Large addressable target market estimated to grow ~3% annually • Target to continue to grow over two times the market growth • Sustainability, digitalizatio
Slide 71: Procurement and quality cost development
Procurement and quality cost development Implemented procurement savings of annual direct spend Quality costs (% of net sales) Targeting >4% of procurement savings annually Long-term quality costs goal <1.5% of net sales • Increasing local and cost-competitive country purchases • Focus remains on: •
Slide 72: Valmet's development to a more stable company with more diversified industry exposure
Valmet's development to a more stable company with more diversified industry exposure 72 March February 2025 © Valmet | Roadshow presentation
Slide 73: Opportunities to strengthen segments through acquisitions
Opportunities to strengthen Services, Automation and Process Technologies segments through acquisitions Strong track record of successful acquisitions Acquisition strategy • Opportunities to strengthen Services, Automation and • 14 acquisitions made since becoming an independent Process Technologies
Slide 74: Acquisitions in 2023 and 2024
Acquisitions in 2023 and 2024 NovaTech Automation’s Process Solutions business • The acquisition strengthens Valmet’s Automation segment with a reliable batch distributed control system (DCS) • Net sales amounted to approximately USD 18 million in 2022 and the business operates in the United States
Slide 75: Merger of Valmet and Neles created a leading company with a unique offering
Merger of Valmet and Neles created a leading company with a unique offering for process industries globally Merger of Valmet and Neles was registered and the combination of Valmet’s and Neles’ business operations completed on April 1, 2022 Valmet acquired 29.5% of Neles shares in 2020 for EUR 45
Slide 76: Acquisition of Körber's Business Area Tissue
Acquisition of Körber’s Business Area Tissue Acquisition in brief • On July 7, 2023, Valmet entered into an agreement to acquire Körber Group’s Business Area Tissue. The transaction was closed on November 2, 2023 • The enterprise value is approximately EUR 380 million1 • The acquired business will o
Slide 77: Acquisition of the Process Gas Chromatography business of Siemens
Acquisition of the Process Gas Chromatography business of Siemens Acquisition in brief • Valmet entered into an agreement on July 14, 2023, to acquire the Process Gas Chromatography business of Siemens AG • The enterprise value is EUR 102.5 million1 • The acquisition was completed on April 2, 2024 •
Slide 78: Shareholders and share price development
Appendix Shareholders and share price development
Slide 79: Largest shareholders on December 31, 2024
Largest shareholders on December 31, 2024 Based on indicative data collected by Modular Finance # Shareholder name Number of shares % of shares and votes 1 Oras Invest Oy 19,200,000 10.40% 2 Solidium Oy 18,640,665 10.10% 3 Swedbank Robur Fonder 9,277,291 5.03% 4 Varma Mutual Pension Insurance Compan
Slide 80: Shareholder structure on December 31, 2024
Shareholder structure on December 31, 2024 Based on Euroclear data. The classification of sectors determined by Statistics Finland. 80 February 2025 © Valmet | Roadshow presentation
Slide 81: Share of non-Finnish holders and number of shareholders
Share of non-Finnish holders and number of shareholders At the end of December 2024, Valmet had 105,217 shareholders of which 35.7% were held by investors outside Finland 110,000 60% 57% 100,000 54% 90,000 51% 80,000 48% 70,000 45% 42% 60,000 39% 50,000 36% 40,000 33% 12/2013 12/2014 12/2015 12/2016
Slide 82: Valmet share price development
Valmet share price development 45 Valmet share price development vs OMXH price index, last 3 years Share price during 2024 Valmet OMX Helsinki 40 December 31, 2023 26.11 10,098 December 31, 2024 23.33 9,475 High 30.11 10,445 35 Low 21.37 9,193 Market cap (EUR million) 4,305 30 Volume 2024 % of outst
Slide 83: Offering
Appendix Offering Valmet >
Slide 84: Mission statement refined to reflect changes in business portfolio and customer base
Mission statement refined to reflect the changes in our business portfolio and customer base Vision Continuous improvement and To become the global champion in serving our customers and in moving Strategy renewal the industries forward Valmet develops and supplies competitive and Must-Wins reliable
Slide 85: Competitive advantages: Services
Services: Strong market position with market’s widest offering Rolls and workshop Board, Paper and Tissue Pulp and Energy Performance Parts Fabrics services Solutions Solutions Spare parts Paper machine clothing Rolls Improvement projects Improvement projects Offering Consumables Filte
Slide 86: Services: Unified way to serve aims at excellent customer experience
Services: Unified way to serve aims at excellent customer experience We aim to Sales actions Continuous High customer understand customer planned based on collaboration through satisfaction strategy and needs customer needs lifecycle approach Understanding customer strategy Aligning custom
Slide 87: Competitive advantages: Automation Systems
Automation Systems: High technology and competitive offering Distributed Control Systems (DCS) Quality Management Systems (QMS) Analyzers and Measurements • Highly integrated, renewing Valmet DNA • Valmet IQ Quality control system for pulp and • For measuring and optimizing different Automation Syst
Slide 88: Automation Systems: Customers investing in improving their operations
Automation Systems: Customers investing in improving their operations Real-time & predictive control and optimization secure connection to cloud 5. Optimization Applications Optimized production of the entire mill, plant or fleet 1. Distributed Control Systems Reliable process control Data Control 3
Slide 89: Valmet DNAe – the future-proof Distributed Control System
Valmet DNAe – the future-proof Distributed Control System (DCS) • On April 9, 2024, Valmet launched its new DCS system, Valmet DNAe • Represents a major milestone in process New unified automation and increases the competitiveness user interface of Valmet’s DCS offering • Fully web-based platform wi
Slide 90: Competitive advantages: Leading pulp and energy technology offering
Leading pulp and energy technology offering Pulp Energy Complete mills and lines Single islands and products Boilers and power plants Rebuilds and conversions • Complete chemical pulp mills • Chemical pulp mill islands • Fluidized bed boilers – using • Boiler fuel conversions from from wood handling
Slide 91: Unmatched scope in Board, Paper and Tissue
Unmatched scope in Board, Paper and Tissue New instalments Rebuilds Single products Board Stock preparation and Capacity and quality recycled fiber lines improvements e.g., headboxes, press rebuilds, Paper, board and tissue surface treatment, winders, refiners machinery Focus on productivity Paper A
Slide 92: Valmet Tissue Converting: Creating the market's widest offering for tissue industry
Valmet Tissue Converting: Creating the market’s widest offering for tissue industry Technologies, services and automation for the entire tissue value chain – from fiber to a finished end product Stock preparation Tissue machine Tissue rewinder Converting line • With Tissue Converting, Valmet now has
Slide 93: Driving rebuilds towards resource-efficient board production
Driving rebuilds towards resource-efficient board production Energy consumption1 Fiber savings1 Optimized performance Bio-packaging -18% -10% with Industrial Internet with new coating solutions 2012–2022: 2012–2022: solutions from 1,150 to 950 kWh/t from 100 to 90 g/m2 OptiFlo with OptiFormer OptiPr
Slide 94: Driving development of resource-efficient tissue production
Driving development of resource-efficient tissue production 47% less energy1 80% less water1 Less fiber consumption2 Energy /ton paper [kWh/ton] Water /ton paper [m3/ton] 3,330 3,106 12.0 2,850 2,150 1,960 1,800 1,750 7.0 5.5 4.5 4.0 3.6 2.1 • Hybrid technologies • ViscoNip press 1990 2000 2006 2010
Slide 95: Management and remuneration
Appendix Management and remuneration
Slide 96: Board of Directors
Board of Directors Mikael Mäkinen Jaakko Eskola Anu Hämäläinen Pekka Kemppainen (b. 1956) (b. 1958) (b. 1965) (b. 1954) Chair of Vice Chair of the Board member Board member the Board Board Finnish citizen Finnish citizen Finnish citizen Finnish citizen • M.Sc. (Eng.) • M.Sc. (Econ.) • Lic.Sc. (Tech.
Slide 97: Executive Team
Executive Team Corporate Thomas Hinnerskov Katri Hokkanen Janne Pynnönen Anu Pires Olli Hänninen President and CEO CFO SVP, Operational Development SVP, Human Resources SVP, Strategy Share ownership: 0* Share ownership: 9,295 Share ownership: 1,087 Share ownership: 0 Share ownership: 1,400 Business
Slide 98: Remuneration of the Executive Team
Remuneration of the Executive Team The remuneration of the Executive Team members comprises – fixed base salary (incl. monthly salary and taxable benefits1) – short-term and long-term incentives, and – a supplementary pension plan Additional pension benefit in the form of a defined contribution
Slide 99: Current Performance Share Plans and Deferred Share Plans
Current Performance Share Plans and Deferred Share Plans LTI plan 2022–2024 LTI plan 2023–2025 LTI plan 2024–2026 LTI plan 2025-2027 Plan name PSP and DSP PSP PSP and DSP PSP DSP PSP PSP Performance period 2022 (1y) 2022–2024 (3y) 2023 (1y) 2023–2025 (3y) 2024 2024, 2024–2026 2025-2027 Incentive bas
Slide 100: FORWARD
FORWARD