Andritz Ag · VIE:ANDR
Andritz — Investor Day (October 2026)
98 slides from Andritz's investor day presentation, Oct 6, 2026
Slide 1: Capital Markets Day 2026
CAPITAL MARKETS DAY 2026 M E G A T R E N D S E N E R G Y & D I G I TA L I Z AT I O N GRAZ & ONLINE 06 OCT 2026
Slide 2: Agenda
AGENDA ANDRITZ CAPITAL MARKETS DAY 2026 08.00 – 11.30 12.30 – 03.45 STRATEGY UPDATE and ENERGY BUSINESS CAPABILITIES IN DIGITALIZATION, AUTOMATION and AI, ANDRITZ Executive Board as well as MANUFACTURING 08.00 – 08.20 Registration, coffee and finding seats 12.30 – 01.00 Safety briefing + assignment
Slide 3: Today's Speakers: The ANDRITZ Executive Board
T O D AY ’ S S P E A K E R S THE ANDRITZ EXECUTIVE BOARD Dr. Joachim Vanessa Jarno Frédéric Schönbeck Hellwing Nymark Sauze President and CEO CFO CEO | Pulp & Paper CEO | Hydropower since 2022 since 2025 since 2023 since 2023 Joined ANDRITZ in 2014 Joined ANDRITZ in 2025 Joined ANDRITZ in 1999 Joine
Slide 4: Strategy Update
C A P I TA L M A R K E T S D AY 2 0 2 6 STRATEGY UPDATE DR. JOACHIM SCHÖNBECK CEO ANDRITZ
Slide 5: ANDRITZ remains relevant in the future
A N D R I T Z AT A G L A N C E ANDRITZ REMAINS RELEVANT IN THE FUTURE LONG-TERM DRIVERS – FOR GROWTH THAT MATTERS Electrical energy Renewable energy Circular economy Digitalization PULP & PAPER METALS HYDROPOWER ENVIRONMENT & ENERGY Pulp #1 38% Paper #3 21% #1 22% #1 19% #1-3 Revenue share Market sh
Slide 6: A truly global player, servicing customers worldwide
A N D R I T Z AT A G L A N C E A TRULY GLOBAL PLAYER, SERVICING CUSTOMERS WORLDWIDE GLOBAL CUSTOMER PROXIMITY REVENUE BY REGION Employees across key regions support local service and project execution Rest of world China 4% 12% Europe 24% 31% Rest of Europe Asia excl. China 14% 12% 16% Germany Austr
Slide 7: A leading, well-diversified industrial technology group with high returns
K E Y AT T R I B U T E S A LEADING, WELL-DIVERSIFIED INDUSTRIAL TECHNOLOGY GROUP WITH HIGH RETURNS LEADING TECHNOLOGY DIVERSIFIED SERVICE-DRIVEN STRONG FINANCIAL POSITIONS PORTFOLIO MIX GROWTH ENGINE POSITION • Leading positions in attractive • Four business areas exposed • 45% Service revenue share
Slide 8: One operating model with global reach
K E Y AT T R I B U T E S ONE OPERATING MODEL WITH GLOBAL REACH ENGINEER TO ORDER & GLOBAL REACH & SYNERGIES ACROSS PROJECT EXECUTION LOCAL EXECUTION BUSINESS AREAS Complementarities across engineering, Complex customized solutions engineered, A worldwide footprint with 280 locations, of sourcing, pr
Slide 9: Asset-light model converts margin progress into high ROIC
K E Y AT T R I B U T E S ASSET-LIGHT MODEL CONVERTS MARGIN PROGRESS INTO HIGH ROIC AND CAPITAL ALLOCATION FLEXIBILITY 2018 2026 ASSET-LIGHT BUSINESS MODEL POWERING LONG-TERM PROFITABLE GROWTH 6.9% 9.0% Comparable Comparable Engineering-led value creation EBITA margin EBITA margin* 1 High value-added
Slide 10: Most divisions positioned for cyclical upside
MARKET ENVIRONMENT MOST DIVISIONS POSITIONED FOR CYCLICAL UPSIDE Jan. 2024 Oct. 2026 Cyclical progress DIVISION PULP & PAPER METALS HYDROPOWER ENVIRONMENT & ENERGY Rehabs Pumped storage Separation CYCLE Green Hydrogen Pulp Paper Upgrades SynCons Pumps POSITION Carbon Capture Modernizations Turbo Gen
Slide 11: Energy is a dominant exposure at ANDRITZ
ENERGY EXPOSURE ENERGY IS A DOMINANT EXPOSURE AT ANDRITZ 36% of Group revenue* linked to power generation, storage, grid stability and electrification Energy-related ANDRITZ’s energy businesses in detail* ANDRITZ – a sizeable revenue exposure energy platform Storage, grid Energy Power stability, tra
Slide 12: Long-term profitable growth
G R O W T H S T R AT E G Y LONG-TERM PROFITABLE GROWTH LONG-TERM CUSTOMER SERVICE PROFITABLE GROWTH Growth in Revenue DIGITALIZATION Growth in Profitability Growth in Service Share DECARBONIZATION Supported by bolt-on M&A strategy 12
Slide 13: Growth driven by organic contribution and proven M&A model
G R O W T H S T R AT E G Y GROWTH DRIVEN BY MEANINGFUL ORGANIC CONTRIBUTION AND PROVEN M&A MODEL Topline growth reflects organic expansion and disciplined M&A, with profitability improving over time Revenues (in € mn) Comp. EBITA margin (in %) Balanced top line 8.7% 8.9% 8.9% 9.0% growth with qualit
Slide 14: Disciplined M&A as growth accelerator
M & A S T R AT E G Y DISCIPLINED M&A AS GROWTH ACCELERATOR M&A to acquire strategic capabilities, strengthen the portfolio and create long-term value STRATEGIC M&A FOCUS AREAS COMPLEMENTARY AUTOMATION & CUSTOMER SERVICE DECARBONIZATION TECHNOLOGIES DIGITALIZATION • Technology additions to • Increasi
Slide 15: Portfolio expansion in all business areas
M & A S T R AT E G Y PORTFOLIO EXPANSION IN ALL BUSINESS AREAS Acquisitions by business area since 2005 PULP & PAPER METALS HYDROPOWER ENVIRONMENT & ENERGY 2005 Cybermetrics 2018 Novimpianti 2005 Lynson 2006 VA TECH HYDRO 2005 Lenser Filtration 2005 Universal Dynamics Group 2018 Diatec 2008 Maerz 20
Slide 16: Growth in Service business as a key priority
S E R V I C E S T R AT E G Y GROWTH IN SERVICE BUSINESS AS A KEY PRIORITY SIGNIFICANT POTENTIAL FOR FURTHER GROWTH IN SERVICE BUSINESS Large installed base creates significant recurring Service potential • Service market estimated 5-8x larger than Capital market • Broad installed base across four bu
Slide 17: Broad Service portfolio and high Service share
S E R V I C E S T R AT E G Y BROAD SERVICE PORTFOLIO & HIGH SERVICE SHARE FULL-LIFECYCLE SERVICE OFFERING SERVICE REVENUE SHARE H1 2026 ENVIRONMENT & PULP & PAPER ENERGY OPERATIONAL FIELD 4 1 MAINTENANCE SERVICES Service contracts and O&M On-site repair & inspections Predictive maintenance AI-powere
Slide 18: High Service growth
S E R V I C E S T R AT E G Y HIGH SERVICE GROWTH Above Group-level growth and significant expansion of Service revenue share TOTAL REVENUE (€ mn), SERVICE REVENUE (€ mn) and SERVICE REVENUE SHARE (%) Service business: a backbone of long- term profitable growth strategy • Strong growth and attractive
Slide 19: Digitalization strategy in motion
D I G I TA L I Z AT I O N S T R AT E G Y DIGITALIZATION STRATEGY IN MOTION Internal perspective 1 ANDRITZ STRATEGY 2 DIGITALIZATION STRATEGY 3 INTERNAL PERSPECTIVE Creating Growth that Matters Vision & Mission 2026 Digitalization Focus Areas Digitalization FOCUS VISION ANDRITZ - your leading partner
Slide 20: Competitive advantage: AI @ ANDRITZ
D I G I TA L I Z AT I O N S T R AT E G Y COMPETITIVE ADVANTAGE AI @ ANDRITZ – ambition anchored in value HIGH AMBITION, PILLARS OF AI VALUE FROM ADOPTION TO COMPETITIVE ADVANTAGE VALUE FIRST ADOPT AUTOMATE ACCELERATE DIFFERENTIATE increasing business value → Personal Productivity Process Automation
Slide 21: Secure foundation
D I G I TA L I Z AT I O N S T R AT E G Y SECURE FOUNDATION Protecting the Group and lowering the cost of risk SECURITY BUILT INTO BOARD-LEVEL GOVERNANCE ONE GLOBAL TEAM SECURE BY DESIGN Executive Board-sponsored Cybersecurity Steering THE FOUNDATION Infrastructure Operations & Cybersecurity combined
Slide 22: From automation to autonomy
D I G I TA L I Z AT I O N S T R AT E G Y FROM AUTOMATION TO AUTONOMY Providing measurable benefit and shareholder value for our customers GLOBAL AUTOM ATION PRESENCE > 100 > 2,000 > 40 > 12,000 L O C AT I O N S EMPLOYEES COUNTRIES INSTALLED BASE AS S E T PROCESS EFFICIENCY Keep assets productive thr
Slide 23: From automation to autonomy: ~€800 mn business volume
D I G I TA L I Z AT I O N S T R AT E G Y FROM AUTOMATION TO AUTONOMY A major contribution to ANDRITZ business success ~€800 mn Total business volume ~ 10% CAGR in the last 5 years AEI – AUTOMATION, ELECTRIFICATION, SMART SOLUTIONS DIGITALIZATION INSTRUMENTATION • Turnkey, all-in-one automation solut
Slide 24: Metris, the open and scalable digital platform
D I G I TA L I Z AT I O N S T R AT E G Y DIGITALIZATION: METRIS, THE OPEN AND SCALABLE DIGITAL PLATFORM One platform serving all ANDRITZ business areas, enabler for autonomous operation PULP & PAPER METALS HYDROPOWER ENVIRONMENT & ENERGY METRIS – OPEN, VENDOR -NEUTRAL DIGITAL PLATFORM Asset optimiza
Slide 25: Delivering customer value with installed base
D I G I TA L I Z AT I O N S T R AT E G Y DELIVERING CUSTOMER VALUE WITH 12,000+ INSTALLED BASE Turning automation into autonomy for every plant we build I N C R E A S I N G C U S T O M E R VA L U E → 01 02 03 Process optimization Asset optimization Operational efficiency AD V AN C E D P R O C E S S
Slide 26: AI journey - early mover to award winner
D I G I TA L I Z AT I O N S T R AT E G Y AI JOURNEY - EARLY MOVER TO AWARD WINNER Four milestones that turned early AI investments into market-proven products and external recognition EARLY MOVER AI EMBEDDED INNOVATIVE PRODUCTS MARKET RECOGNITION 1 2 3 4 EQUITY PARTICIPATION MACHINE LEARNING COMPUTE
Slide 27: Our new sustainability program 2026-2030
E S G S T R AT E G Y OUR NEW SUSTAINABILITY PROGRAM 2026-2030 Shaping a more sustainable future with our ESG commitment and new KPIs Enabling the We provide INNOVATIVE, RESOURCE-EFFICIENT ENVIRONMENT solutions for our customers and reduce the green transition environmental footprint of our own opera
Slide 28: New ESG targets 2030
E S G S T R AT E G Y NEW ESG TARGETS 2030 Base year 2023 GHG emissions, GHG emissions, relative Water use in E-impact revenue Waste to landfill absolute (SBTi) water-stressed areas ENVIRONMENT Own operations > 50% Own operations -42% 18 → 10 t/MEUR -25% -25% Value chain -25% Women in people Voluntar
Slide 29: ESG 2030 targets – H1 2026 status update
E S G S T R AT E G Y ESG 2030 TARGETS – H1 2026 STATUS UPDATE Focus areas 2023: 2030 H1 Progress base year targets 2026 2026 ENVIRONMENT E-impact revenue GHG emissions, absolute 45% > 50% 50% ✓✓ Own operations Value chain - 0% (131 143 tCO e) 2 - 0% (60 463 465 tCO e) 2 - 42% - 25% 40.5*% Annual onl
Slide 30: ESG performance externally recognized
E S G S T R AT E G Y ESG PERFORMANCE EXTERNALLY RECOGNIZED Improvements in all major ESG ratings; climate targets validated by the SBTi RATING RATING RATING A B- | PRIME 20.2 (MEDIUM RISK) 2025: BBB 2025: C+ | Prime 2025: 20.5 | Medium Risk ESG SCORE RATING RATING ANDRITZ commits to reduce absolute
Slide 31: From growth ideas to market-ready solutions
I N N O V AT I O N FROM GROWTH IDEAS TO MARKET-READY SOLUTIONS Green markets currently challenging; our solutions are in place to capture growth as demand returns TECHNOLOGY CUSTOMER MARKET READY TO 1 DEVELOPED 2 VALIDATED 3 ESTABLISHED 4 SCALE Over the past three Solutions valued by Relevant refere
Slide 32: New mid-term targets 2029
M I D - T E R M F I N A N C I A L TA R G E T S NEW MID-TERM TARGETS 2029 LONG-TERM PROFITABLE GROWTH FINANCIAL TARGETS • Organic revenue growth in both Capital 2029 and Service business, supported by strong energy boom and existing backlog Revenue • Disciplined bolt-on M&A • Digitalization, automati
Slide 33: New mid-term targets 2029: comp. EBITA margin
M I D - T E R M F I N A N C I A L TA R G E T S NEW MID-TERM TARGETS 2029: COMP. EBITA MARGIN PULP & PAPER 2027: 11-13% = 2029: 11-13% METALS 2027: 6-8% 2029: 7-9% 11-13% 11.7 11.1 11.0 10.8 10.8 10.5 PULP & PAPER PULP & PAPER 7-9% 6.1 6.4 5.1 5.5 3.7 2.0 2021 2022 2023 2024 2025 LTM 2029 2021 2022 2
Slide 34: Mid-term targets 2029 underpinned by tangible levers
M I D - T E R M F I N A N C I A L TA R G E T S NEW MID-TERM TARGETS 2029 UNDERPINNED BY TANGIBLE LEVERS Record backlog, more favorable end-market cycles, new pockets of structural growth Revenues (in € mn) Revenue growth Comp. EBITA margin (in %) • Step change to new € 12 bn record order backlog pro
Slide 35: Financial Strategy Update
C A P I TA L M A R K E T S D AY 2 0 2 6 FINANCIAL STRATEGY UPDATE VANESSA HELLWING CFO ANDRITZ
Slide 36: Value creation driven by strong ROIC
V A L U E C R E AT I O N S T R AT E G Y VALUE CREATION DRIVEN BY STRONG ROIC Industry-leading ROIC profile, significant value creation above WACC ROIC AS A KEY MEASURE OF VALUE CREATION AND CAPITAL ALLOCATION STEERING TOOL 18.5% 9.1% ROIC in H1 2026 WACC in H1 2026 Ensuring ROIC at a substantial spr
Slide 37: Value creation driven by strong ROIC
V A L U E C R E AT I O N S T R AT E G Y VALUE CREATION DRIVEN BY STRONG ROIC Industry-leading ROIC profile, significant value creation even in downcycle 23.7% 23.2% ROIC vs WACC ROIC recovery in 2026 22.6% 22.5% 20.4% • Following temporary M&A-driven 19.8% 19.6% dilution of ROIC in 2025 20.0% 17.1%
Slide 38: Enhanced and balanced capital allocation
C A P I TA L A L L O C AT I O N S T R AT E G Y ENHANCED AND BALANCED CAPITAL ALLOCATION Continued spending on capex, dividends & M&A - capital allocation remains balanced and funded internally CAPITAL ALLOCATION BALANCED AND OPPORTUNISTIC SHARE BUYBACK COVERED BY OPERATING CASH FLOW Opportunistic an
Slide 39: Foundation of ANDRITZ's M&A success story
M & A S T R AT E G Y FOUNDATION OF ANDRITZ’S M&A SUCCESS STORY Disciplined and proven M&A model, supported by tracking of post-merger integration success MONITORING VALUE ACCRETION VIA ACQUISITION TRACKING Disciplined and synergistic approach Resulting in significant margin accretion Synergies +380b
Slide 40: Strong financial position
F I N A N C I N G S T R AT E G Y STRONG FINANCIAL POSITION Significant financial flexibility from gross liquidity and revolving credit facility Strong financial headroom Close to € 1 bn LIQUID FUNDS and NET LIQUIDITY (in € mn) Gross liquidity € 500 mn Revolving credit facility 2,051 1,838 1,787 1,77
Slide 41: Operating net working capital development
O P E R AT I N G N W C S T R AT E G Y OPERATING NET WORKING CAPITAL DEVELOPMENT Strategy for Operating NWC: 1) Minimize trade working capital, 2) Keep negative contract liabilities balance TRADE WORKING CAPITAL 1,659 1,657 Trade Working Capital 1,614 1,532 • Inventories + Receivables - Payables 1,45
Slide 42: Structural improvements
V A L U E C R E AT I O N S T R AT E G Y STRUCTURAL IMPROVEMENTS #1ANDRITZinSync program defining transformation initiatives #1ANDRITZinSync A comprehensive set of transformation initiatives • Global transformation program implementing shared services across central functions, enabled by simpler lega
Slide 43: 25-year stock market anniversary in 2026
T O TA L S H A R E H O L D E R R E T U R N 25-YEAR STOCK MARKET ANNIVERSARY IN 2026 100 Substantial value creation for all stakeholders since the IPO in 2001 90 TOTAL SHAREHOLDER RETURN SINCE IPO Share Price Performance: +3,100% 80 IPO price of € 2.625 incl. 8 share splits (€ 21 at IPO) Actual price
Slide 44: Q3 2026 trading update
C A P I TA L M A R K E T S T R AT E G Y Q3 2026 TRADING UPDATE Order intake continues on >2 BEUR run-rate, FY 2026 guidance confirmed Q3 2026 Trading Update FY 2026 Guidance • Guidance for FY 2026 confirmed • Q3 2026 preliminary Order Intake still hovering at > 2 BEUR run-rate • Well within target c
Slide 45: Energy Exposure
C A P I TA L M A R K E T S D AY 2 0 2 6 ENERGY EXPOSURE DR. JOACHIM SCHÖNBECK CEO ANDRITZ FRÉDÉRIC SAUZE CEO HYDROPOWER JARNO NYMARK CEO PULP & PAPER
Slide 46: Energy is a dominant exposure at ANDRITZ
ENERGY EXPOSURE ENERGY IS A DOMINANT EXPOSURE AT ANDRITZ 36% of Group revenue* linked to power generation, storage, grid stability and electrification Energy-related ANDRITZ’s energy businesses in detail* ANDRITZ – a sizeable revenue exposure energy platform Storage, grid Energy Power stability, tra
Slide 47: Hydropower Growth Strategy
HYDROPOWER GROWTH STRATEGY FRÉDÉRIC SAUZE CEO HYDROPOWER
Slide 48: Hydropower market dynamics
H Y D R O P O W E R G R O W T H S T R AT E G Y HYDROPOWER MARKET DYNAMICS The energy transition expands Hydropower’s role beyond generation Pledge to triple renewables capacity by 2030 Pledge to increase global energy storage capacity to 1.5TW by 2030 impossible without Hydropower impossible wit
Slide 49: Hydropower market dynamics
H Y D R O P O W E R G R O W T H S T R AT E G Y HYDROPOWER MARKET DYNAMICS STRUCTURAL MARKET DRIVERS Impact on ANDRITZ HYDROPOWER Aging installed base drives need for rehabilitation, modernization and digitalization Modernization demand is 5 • Approx. 40% of the global outstanding hydropower fleet is
Slide 50: Hydropower strategy snapshot
H Y D R O P O W E R G R O W T H S T R AT E G Y HYDROPOWER STRATEGY SNAPSHOT Three expansion areas - ambition to grow to € 3bn revenue in the medium-term (3-5 yrs) € 2.5bn € 4.5bn €1.7bn € 117mn 6,300+ Order intake Order backlog Revenue Comparable EBITA Employees 1 2 3 HYDROPOWER GRID LIFETIME & SOLU
Slide 51: Hydropower pumped storage
HYDROPOWER PUMPED STORAGE Large-scale energy storage as the backbone of reliable renewable energy integration Product / solution snapshot FY 2025 materiality Pumped-storage plants act as giant batteries, storing surplus renewable Avg. project electricity and releasing it when needed to balance varia
Slide 52: Hydropower pumped storage
HYDROPOWER PUMPED STORAGE Large-scale energy storage as the backbone of reliable renewable energy integration Competitive landscape and positioning Key competitors: Voith and GE Vernova; ANDRITZ strengths and USP Risks and challenges Chinese manufacturers mainly for domestic market • Complete Electr
Slide 53: Hydropower new-build solutions
HYDROPOWER NEW-BUILD SOLUTIONS Run-of-river hydro for steady power; reservoir hydro for flexible and seasonal supply Product / solution snapshot FY 2025 scale Run-of-river plants provide clean electricity from natural river flows; reservoir Average project plants store & manage water to deliver reli
Slide 54: Hydropower new-build solutions
HYDROPOWER NEW-BUILD SOLUTIONS Run-of-river hydro for steady power; reservoir hydro for flexible and seasonal supply Competitive landscape and positioning Key competitors: Voith and GE Vernova; ANDRITZ USP and key strengths Risks and challenges Chinese manufacturers, local suppliers and • Complete E
Slide 55: Hydropower plant modernizations & service
HYDROPOWER PLANT MODERNIZATIONS & SERVICE Unlocking more output, flexibility and lifetime from existing hydropower assets Product / solution snapshot FY 2025 scale Hydropower modernization upgrades aging plants to increase output and efficiency, extend operating life and meet today’s more flexible g
Slide 56: Hydropower plant modernizations & service
HYDROPOWER PLANT MODERNIZATIONS & SERVICE Unlocking more output, flexibility and lifetime from existing hydropower assets Competitive landscape and positioning Key competitors: Voith & GE Vernova; ANDRITZ strengths and USP Risks and challenges local service providers for less complex projects • Huge
Slide 57: Turbo generators
TURBO GENERATORS Expanding capacity to support AI-driven demand for reliable grid and data-center powering Product / solution snapshot FY 2025 materiality Turbo generators convert the mechanical energy of a gas turbine into Order intake Avg. project electricity. ANDRITZ supplies turbo generators fro
Slide 58: Turbo generators
TURBO GENERATORS Expanding capacity to support AI-driven demand for reliable grid and data-center powering Competitive landscape and positioning Competitive landscape: Limited number of ANDRITZ strengths and USP Risks and challenges established global suppliers • Proven turbo-generator engineering e
Slide 59: Grid solutions: synchronous condensers
GRID SOLUTIONS: SYNCHRONOUS CONDENSERS Providing grid stability as conventional generation retires and renewable penetration rises Product / solution snapshot FY 2025 materiality As conventional generation is replaced by renewables, electricity grids lose physical stability provided by rotating equi
Slide 60: Grid solutions: synchronous condensers
GRID SOLUTIONS: SYNCHRONOUS CONDENSERS Providing grid stability as conventional generation retires and renewable penetration rises Competitive landscape and positioning • Key competitors: Siemens Energy, GE Vernova, ANDRITZ strengths and USP Risks and challenges Hitach, Energy/Brush, Ansaldo, WEG, B
Slide 61: Pulp & Paper Energy Businesses
PULP & PAPER ENERGY BUSINESSES JARNO NYMARK CEO PULP & PAPER
Slide 62: Pulp mill recovery boiler
PULP MILL RECOVERY BOILER Generating sustainable energy for the pulp mill and external power supply Product / solution snapshot FY 2025 materiality Recovery Boilers convert black liquor from pulp process to renewable Avg. project energy/power while recovering chemicals for reuse. ANDRITZ supplies Or
Slide 63: Pulp mill recovery boiler
PULP MILL RECOVERY BOILER Generating sustainable energy for the pulp mill and external power supply Competitive landscape and positioning Key competitors and entry barriers ANDRITZ strengths and USP Risks and challenges Valmet - global competitor • Customer focus • Intense competition in global duop
Slide 64: Power boilers
POWER BOILERS Converting diverse fuels into reliable and sustainable power and heat Product / solution snapshot FY 2025 materiality Power boilers convert biomass, sludge, residues and waste-derived fuels into steam, power and heat. ANDRITZ offers two complementary fluidized Book/bill Avg. project Or
Slide 65: Power boilers
POWER BOILERS Converting diverse fuels into reliable and sustainable power and heat Competitive landscape and positioning Key competitors ANDRITZ strengths and USP Risks and challenges • Valmet and SHI-FW (Global) • Leading solutions for both biomass-based power • Volatile power boiler demand • Some
Slide 66: Environment & Energy
ENVIRONMENT & ENERGY ENERGY BUSINESSES DR. JOACHIM SCHÖNBECK CEO ANDRITZ
Slide 67: Clean Air Technologies
CLEAN AIR TECHNOLOGIES Essential equipment for lower-emission energy and industry production Product / solution snapshot FY 2025 materiality Clean Air Technologies remove pollutants from industrial exhaust gases, helping plants to meet emission standards and reduce their environmental footprint. Avg
Slide 68: Clean Air Technologies
CLEAN AIR TECHNOLOGIES Essential equipment for lower-emission energy and industry production Competitive landscape and positioning Key competitors and entry barriers ANDRITZ strengths and USP Risks and challenges • Highly fragmented competitive landscape with a • Complete technology portfolio to aba
Slide 69: Flue gas treatment for waste-to-energy
FLUE GAS TREATMENT FOR WASTE-TO-ENERGY Reducing emissions while recovering electricity and heat from non-recyclable waste Product / solution snapshot FY 2025 materiality Waste-to-energy plants convert non-recyclable waste into electricity and heat. ANDRITZ supplies multi-stage systems that remove po
Slide 70: Flue gas treatment for waste-to-energy
FLUE GAS TREATMENT FOR WASTE-TO-ENERGY Reducing emissions while recovering electricity and heat from non-recyclable waste Competitive landscape and positioning Key competitors and entry barriers ANDRITZ strengths and USP Risks and challenges • Mix of specialists and complete plant suppliers • Comple
Slide 71: Green hydrogen
GREEN HYDROGEN Enabling industrial decarbonization and more resilient energy systems Product / solution snapshot FY 2025 materiality Integrated P2X solutions for the production of green hydrogen, Avg. project Product picture e-methanol and e-ammonia — ranging from consulting to EPC projects Order in
Slide 72: Green hydrogen
GREEN HYDROGEN Enabling industrial decarbonization and more resilient energy systems Competitive landscape and positioning Key competitors: Siemens Energy, Sunfire, ANDRITZ strengths and USP Risks and challenges thyssenkrupp nucera, Sungrow • Complete plants with performance guarantees • Geopolitica
Slide 73: Pumps
PUMPS Powering the energy transition with reliable pumping solutions for nuclear and conventional energy Product / solution snapshot FY 2025 materiality (energy market only) ANDRITZ is a leading provider of high-performance pumping solutions for: Avg. project • Reactor cooling pumps in nuclear power
Slide 74: Pumps
PUMPS Powering the energy transition with reliable pumping solutions for nuclear and conventional energy Competitive landscape and positioning Key competitors: ANDRITZ strengths and USP Risks and challenges Sulzer, Flowserve, KSB, Torishima • Strong nuclear and hydraulic engineering • Changing marke
Slide 75: Metals Energy Businesses
METALS ENERGY BUSINESSES DR. JOACHIM SCHÖNBECK CEO ANDRITZ
Slide 76: Battery
BATTERY Scaling from an established lead-acid position into lithium-ion production and lifecycle services Product snapshot: Equipment and production lines for battery manufacturing FY 2025 materiality Scalable production & testing solutions, from pilot lines to mass production Avg. project of lithiu
Slide 77: Battery
BATTERY Scaling from an established lead-acid position into lithium-ion production and lifecycle services Competitive landscape and positioning • Key competitors: Established Asian leaders, ANDRITZ strengths and USP Risks and challenges Specialized EU battery equipment providers • Group-wide battery
Slide 78: Electrical steel
ELECTRICAL STEEL Essential for electrification, grid expansion, renewable energies, data centers und E -Mobility Product / solution snapshot FY 2025 materiality Electrical steel is a specialized material used in transformers, electric Avg. project motors and generators. ANDRITZ supplies the producti
Slide 79: Electrical steel
ELECTRICAL STEEL Essential for electrification, grid expansion, renewable energies, data centers und E -Mobility Competitive landscape and positioning Key Competitors ANDRITZ strengths and USP Risks and challenges Tenova, JC, Fives, SMS and Wisdri • Strong references for cold-rolling mills across al
Slide 80: Deep Dives Pulp & Paper and Metals
C A P I TA L M A R K E T S D AY 2 0 2 6 DEEP DIVES PULP & PAPER AND METALS DR. JOACHIM SCHÖNBECK CEO ANDRITZ JARNO NYMARK CEO PULP & PAPER
Slide 81: Deep Dive Large Pulp & Paper
C A P I TA L M A R K E T S D AY 2 0 2 6 DEEP DIVE LARGE PULP & PAPER JARNO NYMARK CEO PULP & PAPER
Slide 82: Dominance in market leadership in pulp
P U L P & P A P E R S T R AT E G Y DOMINANCE IN MARKET LEADERSHIP IN PULP Leading #1-3 positions across the Pulp & Paper value chain, dominant market leader in upstream Pulp AUTOMATION & SERVICE PULP & POWER PAPER & TEXTILE DIGITALIZATION 59% 27% 14% Sales included in the other segments 1,744 MEUR*
Slide 83: Industry growth dynamics remain intact
P U L P & P A P E R S T R AT E G Y INDUSTRY GROWTH DYNAMICS REMAIN INTACT Papermaking fiber* production by region Global megatrends still supporting the volume trajectory in P&P markets 250 200 • Volume growth continues to be driven by packaging and hygiene (board and tissue) 150 MADt/a • Demand for
Slide 84: Dominant market leadership in large-scale pulp projects
P U L P & P A P E R S T R AT E G Y DOMINANT MARKET LEADERSHIP IN LARGE -SCALE PULP PROJECTS Evidence from extensive historic customer references • High market share across well-known customers globally, numerous large-scale projects, all major pulp-making islands in the last cycles • Unique proven t
Slide 85: Competitive position to win additional large-scale projects in Latin America
P U L P & P A P E R S T R AT E G Y IN A COMPETITIVE POSITION TO WIN ADDITIONAL LARGE-SCALE PROJECTS IN LATIN AMERICA Investments in several large-scale upstream pulp-making capacities announced • With several projects in the planning, ANDRITZ is well positioned to win a large-scale project tender in
Slide 86: Suzano Cerrado – largest single-line pulp mill in the world
P U L P & P A P E R S T R AT E G Y SUZANO CERRADO – THE LARGEST SINGLE-LINE PULP MILL IN THE WORLD Pulp line capacity 2,550,000 To n s p e r y e a r 33k tons of construction steel Equivalent of 4.5 Eiffel Towers 380k m³ of concrete Enough volume to build 4.7 Maracanãs ✓ Daily nominal production reac
Slide 87: Seizing new opportunities in China
P U L P & P A P E R S T R AT E G Y SEIZING NEW OPPORTUNITIES IN CHINA Share in Chinese pulp mills is running ahead of ANDRITZ‘s average global market position As capacity growth is shifting to China, ANDRITZ is converting project opportunities into orders. ANDRITZ Market Share 80% • Declining use of
Slide 88: Deep Dive - Metals
C A P I TA L M A R K E T S D AY 2 0 2 6 DEEP DIVE - METALS DR. JOACHIM SCHÖNBECK CEO ANDRITZ
Slide 89: Covering the full downstream value chain
M E TA L S S T R AT E G Y COVERING THE FULL DOWNSTREAM VALUE CHAIN Solutions and services for Metals Processing and Metals Forming customers Metals Processing core competences Metals Forming core competences Processing lines for steel and aluminum strips, industrial furnace and welding systems Press
Slide 90: Operational turnaround in progress
M E TA L S S T R AT E G Y OPERATIONAL TURNAROUND IN PROGRESS Order intake increasing, break-even significantly reduced CYCLICAL INDUSTRY TROUGH WITHIN SIGHT STRONG MARKET STRUCTURAL CYCLICAL SELECTIVE M&A POSITIONS GROWTH POCKETS TROUGH • Largest press manufacturer • Portfolio strengthened • Focus o
Slide 91: Substantially reduced structural costs
M E TA L S S T R AT E G Y SUBSTANTIALLY REDUCED STRUCTURAL COSTS Like-for-like reduction in headcount in METALS (excl. acquisitions) Europe North America South America China Asien excl. China Rest of world • Metals Forming: significant HC reduction (-30%) driven by -20% consistent capacity adjustmen
Slide 92: More margin upside with new 2029 targets
M E TA L S S T R AT E G Y MORE MARGIN UPSIDE WITH NEW 2029 TARGETS 7-9% comp. EBITA margin target corridor implemented for 2029 • Turnaround with significant margin uplift achieved in the last five years METALS 2027: 6-8% 2029: 7-9% • Capacity reductions ongoing in 2026 with additional 300 jobs PULP
Slide 93: Defense industry: a growth market
M E TA L S S T R AT E G Y DEFENSE INDUSTRY: A GROWTH MARKET Structural defense spending growth creates attractive long-term opportunities Long-Term Defense • Multi-year Defense spending commitments support sustained investments in manufacturing capacity. Spending Commitments Defense Manufacturing •
Slide 94: Well positioned in defense manufacturing
M E TA L S S T R AT E G Y WELL POSITIONED IN DEFENSE MANUFACTURING Broad portfolio across aerospace, land, naval and energy storage applications Aerospace – Engine Defense – Shell Production Defense Energy Storage Components Forging Line • Defense battery systems • Aircraft engine components • Produ
Slide 95: Successful acquisition of Sanzheng
M E TA L S S T R AT E G Y SUCCESSFUL ACQUISITION OF SANZHENG ANDRITZ Metals acquired induction heating specialist Sanzheng in 2026 • ANDRITZ has acquired a 51% stake in Baoding Sanzheng Electrical Equipment Co., Ltd., a China-based provider of advanced industrial induction heating systems. • Strengt
Slide 96: Milestone service project for BMW
M E TA L S S T R AT E G Y MILESTONE SERVICE PROJECT FOR BMW First retrofit of a servo line at BMW in Munich successfully completed • An electrical retrofit was implemented on site in four short and precisely planned steps, on a tight schedule over a one-year period – an “open-heart operation”. • The
Slide 97: ANDRITZ. For growth that matters.
ANDRITZ. FOR GROWTH THAT MATTERS.
Slide 98: Legal disclaimer
LEGAL DISCLAIMER © ANDRITZ AG 2025 This presentation contains valuable, proprietary property belonging to ANDRITZ AG or its affiliates (“the ANDRITZ GROUP”), an d no licenses or other intellectual property rights are granted herein, nor shall the contents of this presentation form part of any sales