Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (February 2023)
32 slides from Valmet's roadshow presentation, February 2023
Slide 1: Valmet – unique offering with process technology, automation and services
Valmet – unique offering with process technology, automation and services Roadshow presentation February 2023
Slide 2: Agenda
Agenda Valmet roadshow presentation 1 Valmet in brief 2 Investment highlights 3 Financials 4 Summary 2 February 2023 © Valmet | Roadshow presentation
Slide 3: Valmet in brief
Valmet in brief Valmet <>
Slide 4: We have strong market shares and unique offering
We have strong market shares and unique offering Process technologies Services Automation Board and Pulp and Flow Control Automation Paper Energy Systems Market position in Market position in Market position Market position Market position Pulp and Paper Pulp and Paper #1 #1–3 #1–2 #1 #1–3 Strong po
Slide 5: 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) (%) 5,5 5,5 600 12% 5,0 5,0 4,5 4,5 500 10% 4,0 4,0 3,5 3,5 400 8% 3,0 3,0 300 6% 2,5 2,5 2,0 2,0 200 4% 1,5 1,5 1,0 1,0 100 2% 0,5 0,5 0,0 0,0 0 0% 2013 2016
Slide 6: Valmet has three strong segments
Valmet has three strong segments Key figures, 2022 Net sales by segment Net sales by area Orders received EUR 5,194 million 12% 21% Net sales 32% EUR EUR 5,074 million 16% 1,606 EUR million Comparable EBITA 48% 2,428 EUR 533 million million 14% EUR Comparable EBITA margin 1,040 million 10.5% 20% Ord
Slide 7: 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 10,787 employees ~140 service centers China 2,323 employees 54 North America production units 2,040 employees 24 R&D centers Asia-Pacific 8 1,565 employees Performance South America Centers 833 employees Personnel as
Slide 8: Valmet's Way Forward
Valmet’s Way Forward Vision Continuous improvement and To become the global champion in serving our customers and in Strategy renewal moving the industries forward Valmet develops and supplies competitive and Must-Wins reliable process technologies, services and Customer excellence automation to t
Slide 9: 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 24 EUR 95 million ~1,300 research and R&D spending
Slide 10: 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 ninth consecutive year AAA rating in the MSCI ESG Ratings assessment
Slide 11: 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 12: 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 13: Investment highlights
Investment highlights Valmet <>
Slide 14: Investment highlights
Investment highlights 1 Strong position in the growing market of converting renewables 2 Unique offering combining process technology, services and automation 3 EUR 3.0 billion recurring and steadily growing stable business 4 Services: The widest offering and strong geographical presence 5 Flow Cont
Slide 15: Strong position in the growing market of converting renewables
1 2 3 4 5 6 7 8 9 Strong position in the growing market of converting renewables Process Technologies Services Automation #1 #1 #1 #1-2 #1-3 #1-2 #1 in pulp & paper #1-3 in pulp & paper Board Tissue Paper Pulp Energy Flow Control Automation Systems 3.5 2.0 8.0 0.9 2.1 EUR bn EUR bn EUR bn EUR bn EUR
Slide 16: Unique offering combining process technology, services and automation
1 2 3 4 5 6 7 8 9 Unique offering combining process technology, services and automation 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
Slide 17: EUR 3.0 billion recurring and steadily growing stable business
1 2 3 4 5 6 7 8 9 EUR 3.0 billion recurring and steadily growing stable business • Valmet’s stable business has grown Orders received (EUR million) steadily since 2014 3 500 • Future growth possibilities are supported 3,033 3 000 by favorable megatrends 196 2 500 1081 • Stable business provides resi
Slide 18: Services: The widest offering and strong geographical presence
1 2 3 4 5 6 7 8 9 Services: The widest offering and strong geographical presence 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 custom
Slide 19: Flow Control: Strong and diversified offering across many process industries
1 2 3 4 5 6 7 8 9 Flow Control: Strong and diversified offering across many process industries Flow control business line Leading position as a flow control solution provider Flow Control business line Orders received (EUR million) Market leadership in pulp & paper and industrial gases Sales by
Slide 20: Automation Systems: Maximizing efficiency and safety of our customers
1 2 3 4 5 6 7 8 9 Automation Systems: Maximizing efficiency and safety of our customers Automation Systems business line Solutions range from single measurements to plant-wide Automation Systems business line process automation systems Orders received (EUR million) Designed to maximize safety, s
Slide 21: Paper: World-class technology for packaging and hygiene needs
1 2 3 4 5 6 7 8 9 Paper: World-class technology for packaging and hygiene needs 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 f
Slide 22: Pulp and Energy: Strong business with high market share and flexible cost structure
1 2 3 4 5 6 7 8 9 Pulp and Energy: Strong business with high market share and 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 mil
Slide 23: Systematically building the future with continuous improvement
1 2 3 4 5 6 7 8 9 Systematically building the future with continuous improvement 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 cust
Slide 24: Financials
Financials Valmet <>
Slide 25: Key figures
Key figures EUR million Q4/2022 Q4/2021 Change 2022 2021 Change Orders received 1,385 1,093 27% 5,194 4,740 10% Order backlog1 4,403 4,096 7% 4,403 4,096 7% Net sales 1,540 1,199 28% 5,074 3,935 29% Comparable EBITA 196 147 33% 533 429 24% % of net sales 12.7% 12.2% 0.5 pp 10.5% 10.9% -0.4 pp EBITA
Slide 26: Segment key figures
Segment key figures Orders received, EUR million Q4/2022 Q4/2021 Change 2022 2021 Change Services 418 387 8% 1,756 1,481 19% Automation 324 119 >100% 1,081 467 >100% Process Technologies 644 587 10% 2,356 2,793 -16% Total 1,385 1,093 27% 5,194 4,740 10% Net sales, EUR million Q4/2022 Q4/2021 Change
Slide 27: Comparable EBITA margin development
Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %)1 Target 12–14% 5,074 10,9% 10,5% 8,9% 9,8% 7,7% 3 935 3 740 3 325 3 547 2 928 2 926 3 058 Capital Business 2 473 7,1% 2 428 6,7% Stable business 6,2% 4,3% 2 646 1 832 2 079 2 163 1 473 1 584 1 799 Comparable EBITA
Slide 28: Guidance and short-term market outlook
Guidance and short-term market outlook Guidance for 2023 Guidance Valmet estimates that net sales in 2023 will increase in comparison with 2022 (EUR 5,074 million) and Comparable EBITA in 2023 will increase in comparison with 2022 (EUR 533 million). Short-term market outlook Q1/2022 Q2/2022 Q3/2022
Slide 29: Summary
Summary Valmet <>
Slide 30: Investment highlights
Investment highlights 1 Strong position in the growing market of converting renewables 2 Unique offering combining process technology, services and automation 3 EUR 3.0 billion recurring and steadily growing stable business 4 Services: The widest offering and strong geographical presence 5 Flow Cont
Slide 31: 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 32: FORWARD
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