Slide 1: First-quarter results
2018 First-quarter results April 25, 2018 © Metso
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: Q1/2018 in brief
Q1/2018 in brief Healthy market activity in all businesses Strong order intake Significant profitability improvement New operating model up and running Implementation of the profitable growth strategy continued 3 © Metso Q1/2018 results
Slide 4: Group quarterly financials
Group quarterly financials Orders, sales and profitability Orders received up 17% (+27% in constant 900 18 currencies) to EUR 859 million 800 16 Sales grew 10% (+19% in constant currencies) 700 14 to EUR 714 million 600 12 Adjusted EBITA was EUR 85 million or 11.9% of 500 10 sales (66 million or 10.
Slide 5: Minerals quarterly financials
Minerals quarterly financials Orders, sales and profitability 700 14 Orders up 17% (+26% in constant currencies) - Orders up in all businesses, supported by shift in orders from Q4/2017 600 12 - Aggregates equipment growth driven by India, China and North America 500 10 - Mining equipment grew on sm
Slide 6: Flow Control quarterly financials
Flow Control quarterly financials Orders, sales and profitability Orders increased 18% (+29% in constant currencies) 200 20 - Record-high orders; double-digit growth in both valves and pumps - Increase in project orders and healthy distributor 160 16 market activity Sales grew 1% (+10% in constant c
Slide 7: Income statement
Income statement EUR million Q1/2018 Q1/2017 Change % 2017 Orders received 859 733 17 2,982 Services business orders received 490 451 9 1,717 Sales 714 647 10 2,699 Services business sales 422 383 10 1,595 Adjusted EBITA 85 66 28 244 % of sales 11.9 10.2 9.0 Operating profit 80 59 36 218 % of sales
Slide 8: Balance sheet
Balance sheet EUR million Mar 31, 2018 % of total Dec 31, 2017 % of total Tangible assets 283 8.5% 287 8.7% Intangible assets 538 16.1% 545 16.6% Financial and other assets 126 3.8% 130 4.0% Inventories 792 23.8% 750 22.8% Receivables 644 19.3% 631 19.2% Current financial assets 255 7.7% 271 8.2% Ca
Slide 9: Cash flow
Cash flow EUR million Q1/2018 Q1/2017 2017 Profit 50 34 102 Adjustments 45 45 192 Change in net working capital -44 -21 -23 Financial items, paid -2 -4 -21 Taxes paid -38 -12 -64 Net cash provided by operating activities 11 42 185 Capital expenditure on fixed assets -13 -6 -38 Other 1 2 -28 Net cash
Slide 10: Financial position
Financial position March 31, 2018 December 31, 2017 Return on capital employed before taxes, %, 15.2 10.3 annualized Return on equity (ROE), %, annualized 15.4 7.3 Net gearing at the end of the period, % 2.2 1.8 Cash conversion, % 4 155 Equity-to-assets ratio at the end of the period, % 40.9 44.5 De
Slide 11: Executing the profitable growth strategy with expansion investment in India and two acquisitions
Executing the profitable growth strategy with expansion investment in India and two acquisitions Capacity investment at the Metso Park plant (India) - EUR 8 million in total - Production capacity increase of 35% - Improves the availability of the crushing and screening equipment in India as well as
Slide 12: Market outlook
Market outlook The outlook represents expected sequential market development with a rolling six-month view. Our market conditions are expected to develop as follows: Growth in demand to remain stable for Minerals equipment and services. Growth in demand to remain stable for Flow Control equipment an
Slide 13: www.metso.com
www.metso.com company/metso metsoworld metsogroup metsoworld metsogroup