Metso Corporation · OMXHEX:METSO
Metso — Q1 2023 Earnings Presentation
20 slides from Metso's earnings presentation, May 3, 2023
Slide 1: Interim Report Q1/2023
Interim Report Q1/2023 President and CEO Pekka Vauramo and CFO Eeva Sipilä May 3, 2023
Slide 2: Forward looking statements
Forward looking statements 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 customer industry profitability and investment willingn
Slide 3: Agenda
Agenda 01 Results in brief 02 Financials 03 Strategy, sustainability and outlook 04 Q&A May 3, 2023 Source:
Slide 4: Results in brief
01 Results in brief Pekka Vauramo President and CEO
Slide 5: Q1/23 highlights
Q1/23 highlights Strong demand and service order High sales growth growth in minerals Record-high Strategic review profitability of Metals completed Final settlement in Saudi Arabia ilmenite project May 3, 2023
Slide 6: Group Q1/23 key figures
Group Q1/23 key figures Orders, sales and adj. EBITA EUR million % EUR million Q1/2023 Q1/2022 Change % Orders received 1,533 1,424 8 Sales 1,418 1,164 22 Adjusted EBITA 215 157 37 % of sales 15.2 13.5 – Operating profit 197 139 41 % of sales 13.9 12.0 – Earnings per share, continuing 0.17 0.11 55 o
Slide 7: Aggregates segment quarterly highlights
Aggregates segment quarterly highlights EUR million % • Orders received EUR 379 million (EUR 402 million) ◦ North America strong; softer European market affected order intake ◦ Rest of the world picking up ◦ Equipment -6%, services -5% • Sales EUR 363 million (EUR 329 million) ◦ Strong execution of
Slide 8: Minerals segment quarterly highlights
Minerals segment quarterly highlights EUR million % • Orders EUR 1,078 million (EUR 880 million) ◦ Strong overall market activity ◦ Equipment orders +11%, consisting of small and mid-size orders ◦ Services orders +29% • Sales EUR 934 million (EUR 731 million) ◦ Equipment +21% ◦ Services +33% ◦ Servi
Slide 9: Metals segment quarterly highlights
Metals segment quarterly highlights EUR million % • Orders received EUR 77 million (EUR 141 million) ◦ Healthy customer activity; no large orders • Sales EUR 120 million (EUR 104 million) ◦ Increased deliveries from backlog ◦ Services share 12% (12%) • Adjusted EBITA EUR 11 million (EUR 10 million)
Slide 10: Financials in details
02 Financials in details Eeva Sipilä CFO
Slide 11: Income Statement
Income Statement EUR million Q1/2023 Q1/2022 2022 EUR Sales 1,418 1,164 5,295 Adj. EBITA 215 157 731 Adj. EBITA, % 15.2 13.5 13.8 Operating profit* 197 139 504 Operating profit, % 13.9 12.0 9.5 Net financial expenses -12 -20 -63 Profit before taxes 185 119 441 Income taxes -45 -32 -112 Profit for th
Slide 12: Balance Sheet
Balance Sheet EUR million Mar 31, 2023 Mar 31, 2022 Dec 31, 2022 EUR million Intangible assets 1,957 1,993 1,972 Total property, plant and 419 388 407 equipment Right-of-use assets 117 123 115 Other non-current assets 263 267 262 Inventories 1,960 1,430 1,846 Receivables (trade and other) 1,586 1,33
Slide 13: Working capital
Working capital EUR million EUR million May 3, 2023
Slide 14: Cash flow improved year-on-year
Cash flow improved year-on-year EUR million Q1/2023 Q1/2022 2022 EUR million Profit for the period 134 88 301 Adjustments: Depreciation and amortization 39 38 156 Financial expenses, net 12 20 63 Income taxes 45 31 113 Other items 7 3 65 Total adjustments 104 93 398 Change in net working capital -12
Slide 15: Financial position
Financial position EUR million Mar 31, 2023 Mar 31, 2022 Dec 31, 2022 • Ratings: • S&P Global upgraded its credit rating to 'BBB' with Liquid funds 531 501 601 stable outlook on April 24, 2023 • Moody’s (April 2021; confirmed on May 2, 2023): Net debt 673 443 684 ‘Baa2’ long-term rating with stable
Slide 16: Strategy, sustainability and outlook
03 Strategy, sustainability and outlook Pekka Vauramo President and CEO
Slide 17: ESG highlights in Q1/2023
ESG highlights in Q1/2023 Planet Positive sales grew 45% y-o-y EUR million • Thickening Plant Units added to portfolio • Green Steel DRI smelting pilot progressed • Expansion of Planet Positive filter production Several footprint actions completed successfully • Renewable energy from solar panels up
Slide 18: Market Outlook
Market Outlook Metso Outotec expects the overall market activity to remain at the current level, including the normal seasonality in the aggregates market. In its previously published outlook Metso Outotec expected the overall market activity to remain at the current level in both the mining and agg
Slide 19: Q&A
Q&A Metso:Outotec
Slide 20: Partner for positive change
Partner for positive change mogroup.com