Metso Corporation · OMXHEX:METSO
Metso — Metso Outotec — Q2 2024 Earnings Presentation
18 slides from Metso's earnings presentation, Jul 24, 2024
Slide 1: Q2 and Half-Year Review 2024
Q2 and Half-Year Review 2024 President and CEO Pekka Vauramo and CFO Eeva Sipilä July 24, 2024
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 Sustainability and outlook 04 Q&A July 24, 2024
Slide 4: Results in brief
01 Results in brief Pekka Vauramo President and CEO
Slide 5: Q2/24 highlights
Q2/24 highlights Market activity in line Headwind in with expectations orders and sales Resilient adjusted Positive EBITA margin development of 16.9% in cash flow July 24, 2024
Slide 6: Group Q2/2024 key figures
Group Q2/2024 key figures Group orders, sales and adj. EBITA EUR million EUR million Q2/2024 Q2/2023 Change % 2,000 17.1 16.8 16.9 16.1 16.5 Orders received 1,162 1,344 -14 Sales 1,214 1,396 -13 1,500 1,396 1,344 1,319 1,342 1,361 Adjusted EBITA 205 238 -14 1,232 1,217 1,214 1,191 1,162 % of sales 1
Slide 7: Aggregates profitability remains solid
Aggregates profitability remains solid EUR million • Orders received EUR 314 million (EUR 330 million) 17.3 17.0 17.0 16.2 16.6 ◦ Market activity on Q1 level; lower y-o-y 500 ◦ North American mobile equipment market 386 challenging 400 365 330 331 ◦ Equipment orders -5%, services -3% 308 297 289 303
Slide 8: Minerals showing resilient performance
Minerals showing resilient performance EUR million • Orders EUR 847 million (EUR 1,014 million) 1,500 18.2 17.5 17.3 ◦ Unchanged market activity with delayed 17.2 17.0 customer decision-making ◦ Equipment orders -34% ; services -6% 1,052 1,014 1,010 1,011 997 1,000 922 935 914 883 847 • Sales EUR 88
Slide 9: Financials in details
02 Financials in details Eeva Sipilä CFO
Slide 10: Group Income Statement
Group Income Statement EUR million Q2/2024 Q2/2023 Q1-Q2/2024 Q1-Q2/2023 2023 EUR Earnings per share 0.20 Sales 1,214 1,396 2,431 2,729 5,390 0.18 0.18 0.17 0.16 0.16 0.16 Adj. EBITA 205 238 405 449 887 0.15 0.15 0.15 0.15 0.14 Adj. EBITA, % 16.9 17.1 16.7 16.5 16.5 Operating profit 195 222 383 416
Slide 11: Group Balance Sheet
Group Balance Sheet EUR million Jun 30, 2024 Jun 30, 2023 Dec 31, 2023 EUR million Indebtedness Goodwill and intangible assets 1,873 1,947 1,886 1,250 100% 1,036 Property, plant and equipment 511 435 472 1,000 80% 884 840 825 Right-of-use assets 109 114 114 815 Other non-current assets 254 288 271 7
Slide 12: Operating cash flow improved
Operating cash flow improved EUR million Q2/2024 Q2/2023 Q1-Q2/2024 Q1-Q2/2023 2023 EUR million Cash flow from operations Profit for the period 129 152 250 286 546 250 Adjustments: 216 200 Depreciation and amortization 40 39 82 78 158 161 158 152 Financial expenses, net 16 20 38 32 80 150 Income tax
Slide 13: Financial position
Financial position • Ratings: EUR million Jun 30, 2024 Jun 30, 2023 Dec 31, 2023 ◦ S&P Global: 'BBB' with stable outlook (June 17, 2024) Liquid funds 348 365 638 ◦ Moody’s: ‘Baa2’ long-term rating with stable outlook (May 13, 2024) Net debt 1,036 840 884 • Average interest rate of loans and derivati
Slide 14: Sustainability and outlook
03 Sustainability and outlook Pekka Vauramo President and CEO
Slide 15: Good progress in most sustainability KPIs
Good progress in most sustainability KPIs Spend from suppliers Planet Positive Net zero Logistics CO2 with science-based emissions sales to grow faster CO2 emissions in own emissions targets than overall operations** by -20% sales 2030 by 2025 30% by 2025 H1/2024*: H1/2024: H1/2024: H1/2024: EUR 1,4
Slide 16: Market Outlook
Market Outlook Metso expects the market activity in both Minerals and Aggregates will remain at the current level. In its previously published outlook, Metso expected the market activity in both Minerals and Aggregates to remain at the current level. According to the company's disclosure policy, Met
Slide 17: Q&A
04 Q&A
Slide 18: Partner for positive change
Partner for positive change metso.com