Valmet Corp · OMXHEX:VALMT
Valmet — Non-Deal Roadshow (August 2021)
88 slides from Valmet's roadshow presentation, August 2021
Slide 1: Valmet – unique offering with process technology, automation and services
Valmet – unique offering with process technology, automation and services Roadshow presentation August 2021
Slide 2: Important notice
Important notice The following applies to this presentation, the oral presentation of the information in this presentation by Valmet Oyj (“Valmet” or the “Company”) or any person on behalf of Valmet, and any question-and-answer session that follows the oral presentation (collectively, the “Informati
Slide 3: Agenda
Agenda Valmet roadshow presentation 1 Valmet in brief 2 Investment highlights 3 Financials 4 Conclusion 3 August 2021 © Valmet | Roadshow presentation
Slide 4: Valmet in brief
Valmet in brief Valmet <>
Slide 5: Strong market shares, unique offering and over 220 years of history
We have strong market shares, unique offering and over 220 years of history Paper Pulp and Automation Services Energy Market position Market position Market position Market position #1 #1–3 #1–3 #1–2 Market share Market share Market share Market share ~50% ~20–45% ~25% ~17–18% Valmet’s road to becom
Slide 6: 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) (%) 4.5 4.5 450 11% 4.0 400 10% 4.0 9% 3.5 3.5 350 8% 3.0 3.0 300 7% 2.5 2.5 250 6% 2.0 2.0 200 5% 1.5 4% 1.5 150 3% 1.0 1.0 100 2% 0.5 0.5 50 1% 0.0 0.0 0 0%
Slide 7: Key figures
Key figures Last twelve months ending Q2/2021 Net sales by business line Net sales by area Orders received 10% EUR 4,180 million 19% Net sales 31% 35% 17% EUR 3,801 million Comparable EBITA 13% EUR 412 million Comparable EBITA margin 10.8% 8% 25% 40% Order backlog EUR 4,019 million Services North Am
Slide 8: Strong, global presence is a good platform for growth
Strong, global presence is a good platform for growth EMEA ~100 98 9,457 employees service centers sales offices China 1,872 employees North America 1,508 employees 43 16 production units R&D centers Asia-Pacific 923 employees 8 South America Performance Centers 602 employees Personnel as at June 30
Slide 9: Process technology, services and automation
Process technology, services and automation Valmet’s unique offering differentiates the company from its competitors Process technology Customer Services Automation 9 August 2021 © Valmet | Roadshow presentation
Slide 10: Significant, customer focused research and development work
Significant, customer focused research and development work R&D focus areas • Advanced and competitive technologies and services • Raw material, water and energy efficiency • Promotion of renewable materials 16 EUR 75 million ~1,300 research and R&D spending protected development in 2020 inventions
Slide 11: Acknowledged leader in sustainability
Acknowledged leader in sustainability 360° approach to sustainability Good sustainability ratings In Dow Jones Sustainability Corporate Sustainable Index for the seventh citizenship supply chain consecutive year We are a trusted We develop sustainable partner and respected supply chain practices
Slide 12: 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 13: Financial targets
Financial targets Growth Profitability ROCE Dividend policy Net sales for stable Comparable EBITA: Comparable return on Dividend payout at least business to grow over 10–12% capital employed (ROCE) 50% of net profit two times the market before taxes1: >20% growth Net sales for capital business to ex
Slide 14: Investment highlights
Investment highlights Valmet <>
Slide 15: Investment highlights
Investment highlights 1 Strong position in the growing market of converting renewables 2 Widest technology and services offering combined with automation excellence 3 Services: The widest offering and strong geographical presence 4 Automation: Maximizing efficiency and safety of our customers 5 Pape
Slide 16: Strong position in the growing market of converting renewables
Strong position in the growing market of converting renewables 1 Paper Board Tissue Pulp Energy Automation Services #1 0.4 ~ -2% #1 1.0 ~ 2-3% #1 0.7 ~ 3-4% #1-2 1.5 ~ 1% #1-3 2.0 ~ 1% #1-3 2.1 ~ 1% #1-2 8.0 ~ 1-2% EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. EUR bn p.a. I
Slide 17: Widest technology and services offering combined with automation excellence
Widest technology and services offering combined with 2 automation excellence 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 Process te
Slide 18: Services: The widest offering and strong geographical presence
Services: The widest offering and strong geographical presence 3 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 customers 1,459 1,387
Slide 19: Automation: Maximizing efficiency and safety of our customers
Automation: Maximizing efficiency and safety of our customers 4 Automation business line Solutions range from single measurements to plant-wide Automation business line process automation systems Orders received (EUR million) Designed to maximize safety, sustainability and efficiency Organic of
Slide 20: Paper: World-class technology for packaging and hygiene needs
Paper: World-class technology for packaging and hygiene needs 5 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 favorable 1,310 1
Slide 21: Pulp and Energy: Strong business with high market share and flexible cost structure
Pulp and Energy: Strong business with high market share and 6 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 million) Long-ter
Slide 22: Systematically building the future
Systematically building the future 7 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 customer and project execution training programs
Slide 23: Financials
Financials Valmet <>
Slide 24: Key figures
Key figures EUR million Q2/2021 Q2/2020 Change Q1–Q2/2021 Q1–Q2/2020 Change Orders received 1,228 826 49% 2,540 2,013 26% Order backlog1 4,019 3,492 15% 4,019 3,492 15% Net sales 943 919 3% 1,801 1,740 3% Comparable EBITA 95 76 24% 175 128 37% % of net sales 10.1% 8.3% 9.7% 7.4% EBITA 97 70 39% 186
Slide 25: Comparable EBITA margin at target level
Comparable EBITA margin1 at target level Net sales and Comparable EBITA, rolling 12 months (EUR million and %)1 3,682 3,700 3,676 3,740 3,777 3,801 3,547 3,429 10.8% Target 10–12% 3,257 3,308 3,325 3,279 3,337 9.8% 10.4% 3,145 9.1% 3,019 3,044 2,995 3,058 9.1% 8.9% 2,851 2,928 2,926 2,919 2,846 2,87
Slide 26: Guidance and short-term market outlook
Guidance and short-term market outlook Guidance for 2021 (as announced on April 16, 2021) Guidance Valmet estimates that net sales in 2021 will increase in comparison with 2020 (EUR 3,740 million) and Comparable EBITA in 2021 will increase in comparison with 2020 (EUR 365 million). Short-term market
Slide 27: Conclusion
Conclusion Valmet <>
Slide 28: Conclusion
Conclusion 1 Strong position in the growing market of converting renewables 2 Widest technology and services offering combined with automation excellence 3 Services: The widest offering and strong geographical presence 4 Automation: Maximizing efficiency and safety of our customers 5 Paper: World-cl
Slide 29: 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 30: Appendix
Appendix 1 Financials 2 Growth and profitability improvement 3 Shareholders and share price development 4 Strategy and offering 5 Management and remuneration 30 August 2021 © Valmet | Roadshow presentation
Slide 31: Financials
Appendix ; Financials Valmet <>
Slide 32: Quarterly Comparable EBITA margin development
Quarterly Comparable EBITA margin development Net sales and Comparable EBITA (EUR million and %) 12.5% 11.5% 10.7% 10.9% 1,167 1,103 10.1% Target 10–12% 984 9.5% 9.4% 967 901 919 8.4% 858 854 804 7.5% 785 844 7.7% 857 821 832 777 779 7.3% 7.8% 7.2% 765 8.3% 734 732 715 732 8.0% 686 6.3% 6.1% 6.9% 6.
Slide 33: Services: Orders received increased to EUR 372 million in Q2/2021
Services: Orders received increased to EUR 372 million in Q2/2021 Orders received (EUR million) Net sales (EUR million) Q1–Q2/2020: Q1–Q2/2021: Q1–Q2/2020 : Q1–Q2/2021 : EUR 726 million EUR 756 million EUR 617 million EUR 628 million 400 371 395398 385 372 1,600 450 1,800 355 358 400 402 346 344 342
Slide 34: Automation: Orders received increased to EUR 116 million in Q2/2021
Automation1: Orders received increased to EUR 116 million in Q2/2021 Orders received (EUR million) Net sales (EUR million) Q1–Q2/2020: Q1–Q2/2021: Q1–Q2/2020: Q1–Q2/2021: EUR 214 million EUR 239 million EUR 174 million EUR 161 million 160 480 160 137 141 480 140 140 124 420 120123116 420 115 24 1091
Slide 35: Pulp and Energy: Orders received increased to EUR 326 million in Q2/2021
Pulp and Energy: Orders received increased to EUR 326 million in Q2/2021 Orders received (EUR million) Net sales (EUR million) Q1–Q2/2020: Q1–Q2/2021: Q1–Q2/2020: Q1–Q2/2021: EUR 591 million EUR 787 million EUR 506 million EUR 469 million 700 1,400 700 1,400 622 600 560 1,200 600 1,200 500 451 461 1
Slide 36: Paper: Orders received increased to EUR 440 million in Q2/2021
Paper: Orders received increased to EUR 440 million in Q2/2021 Orders received (EUR million) Net sales (EUR million) Q1–Q2/2020: Q1–Q2/2021: Q1–Q2/2020: Q1–Q2/2021: EUR 522 million EUR 803 million EUR 472 million EUR 574 million 700 1,400 700 1,400 600 1,200 600 1,200 500 440 1,000 500 1,000 419 400
Slide 37: Orders received and net sales split in 2020
Orders received and net sales split in 2020 Orders received (EUR million and % of total) Net sales (EUR million and % of total) 1,029 1,076 28% 29% 1,327 1,356 37% 35% Services Services Automation Automation Pulp and Energy Pulp and Energy Paper Paper 934 334 1,003 335 26% 9% 27% 9% 349 440 621 676
Slide 38: Business lines in 2020: Stable business
Business lines in 2020: Stable business Services business line Automation business line 11% 17% 10% 8% 18% 6% 10% 28% 29% 13% Orders received Orders received 7% 25% 9% 71% 35% 43% 61% Rolls North America Pulp and Paper North America Mill Improvements South America Energy and Process South America Pe
Slide 39: Business lines in 2020: Capital business
Business lines in 2020: Capital business Pulp and Energy business line Paper business line 12% 1% 7% 17% 24% 21% 28% 26% 1% Orders received Orders received 23% 24% 50% 72% 41% 52% Pulp North America Tissue North America Energy South America Board South America EMEA Paper EMEA China China Asia-Pacifi
Slide 40: Areas: Orders received and net sales development
Areas: Orders received and net sales development North America South America EMEA China Asia-Pacific 1,594 1,6061,690 (EUR million and % of total) 1,470 1,508 1,420 Orders received 1,320 880 885 804 717 686 730 670 588 621 572 523 586 490 533 480 48% 46% 51% 46% 479 414 378 43% 42% 428 381 323 383 3
Slide 41: Areas: Business line split in 2020
Areas: Business line split in 2020 North America South America EMEA China Asia-Pacific 4% Orders received 18% 16% 22% 29% 2% 32% 41% 38% 60% 58% 24% 1% 58% 27% 10% 33% 6% 8% 14% Services Automation Services Automation Services Automation Services Automation Services Automation Pulp and Energy Paper
Slide 42: Announced orders booked in H2/2021
Announced orders booked in H2/2021 Booked Date Description Business line Country Value quarter Q3 Jul 7 Turnkey biopower plant for the city of Salzburg Pulp and Energy Austria Not disclosed. 42 August 2021 © Valmet | Roadshow presentation
Slide 43: Announced orders booked in H1/2021
Announced orders booked in H1/2021 Booked Date Description Business line Country Value quarter Q1 Jan 15 Extensive tissue machine rebuild for Metsä Tissue Paper Finland Not disclosed Q1 Jan 29 Textile recycling plant's main equipment for Renewcell Pulp and Energy Sweden Around EUR 25 million Q1 Feb
Slide 44: Announced orders booked in H2/2020
Announced orders booked in H2/2020 Booked Date Description Business line Country Value quarter Q3 Aug 27 New bleach plant and upgrade of batch cooking Pulp and Energy India Not disclosed. An order of this scope is typically around EUR 20-30 million. and fiberline Q3 Oct 14 Extensive paper machine gr
Slide 45: Announced orders booked in H1/2020
Announced orders booked in H1/2020 Booked Date Description Business line Country Value quarter Q1 Jan 23 Key pulp mill technology and automation (Lenzing & Pulp and Energy Brazil Not disclosed. The value of a delivery of this size and scope is typically around EUR 200-250 Duratex) million. Q1 Feb 18
Slide 46: Orders received increased to EUR 1,228 million in Q2/2021
Orders received increased to EUR 1,228 million in Q2/2021 Orders received (EUR million) Orders received in Q1–Q2/2021 by area 1,800 4,500 Asia- Pacific North 1,600 4,000 America 7% 1,400 3,500 13% 1,200 3,000 China South 1,000 2,500 24% America 800 1,228 2,000 16% 600 1,083 1,187 1,500 1,101 1,312 1
Slide 47: Stable business orders received totaled EUR 1,827 million during last four quarters
Stable business orders received totaled EUR 1,827 million during the last four quarters Orders received (EUR million) in stable business1 700 2,100 600 1,800 507 514 508 487 500 461 474 463 1,500 443 424 439 445 435 433 112 116 426 402 394 409 383 381 123 116 400 344 372 88 359 93 102 103 104 369 12
Slide 48: Order backlog EUR 4,019 million at the end of Q2/2021
Order backlog EUR 4,019 million at the end of Q2/2021 Order backlog (EUR million) Structure of order backlog 4,500 4,000 4,019 ~25% 3,500 3,709 3,557 3,492 3,425 3,333 3,311 3,257 3,000 3,216 3,001 2,791 2,829 2,500 2,704 2,714 2,720 2,583 2,621 2,458 2,000 2,406 2,312 2,208 2,207 2,192 2,283 ~75% 2
Slide 49: Gross profit and SG&A development
Gross profit and SG&A development Gross profit (EUR million and % of net sales) SG&A (EUR million and % of net sales) 300 30% 300 30% 26% 250 25% 250 25% 200 20% 200 20% 16% 150 15% 150 15% 100 10% 100 10% 50 5% 50 5% 0 0% 0 0% Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016
Slide 50: Cash flow provided by operating activities and CAPEX
Cash flow provided by operating activities and CAPEX Cash flow provided by operating activities (EUR million) 2014: 2015: 2016: 2017: 2018: 2019: 2020: Q1–Q2/2021: EUR 236 million EUR 78 million EUR 246 million EUR 291 million EUR 284 million EUR 295 million EUR 532 million EUR 328 million 200 150 1
Slide 51: Net working capital at -18% of rolling 12 months orders received
Net working capital at -18% of rolling 12 months orders received Net working capital1 and orders received (EUR million) 1,500 30% 1,312 1,187 1,228 1,000 1,101 1,083 1,058 20% 1,023 1,005 1,026 1,009 890 940 940 793 803 857 796 865 835 826 781 725 788 743 727 500 692 700 10% 580 466 480 0 0% -235 -2
Slide 52: Capital employed and Comparable ROCE
Capital employed and Comparable ROCE Capital employed (EUR million) and Comparable return on capital employed (ROCE), before taxes1 (%) 1,639 25% 25% 23% 23% 23% 1,541 22% 22% 1,619 22% 1,557 24% 1,327 20% 23% 1,314 1,239 1,240 1,214 1,231 1,237 1,239 1,256 1,184 1,194 1,167 1,195 18% 1,195 1,112 1,
Slide 53: Dividend and balance sheet
Dividend and balance sheet Dividend payout at least 50% of net profit Track record Balance sheet and cash flow Dividend per share (EUR) and payout ratio (%) Net debt (EUR million) Cash flow provided by operating activities Net debt / EBITDA ratio Net working capital Target 200 2 600 >50% 150 178 1.5
Slide 54: Orders received and profitability development, annual
Orders received and profitability development, annual Orders received (EUR million)1 Net sales and Comparable EBITA (EUR million)1 3,740 3,986 3,547 Pulp and 3,722 3,653 3,325 Energy, and 3,014 3,058 Paper business 3,225 3,272 2,928 2,926 9.8% 3,071 3,139 2,703 8.9% lines 2,878 2,613 2,453 7.6% 2,47
Slide 55: Growth and profitability improvement
Appendix Growth and profitability improvement
Slide 56: Recent development at Valmet
Recent development at Valmet Customer Technology Process People Valmet acquired Collaboration project with Good development in Staying safe, operational PMP Group Metsä Spring to produce project management and efficient during fossil free 3D fiber challenging times in 2020 Valmet’s way to serve prod
Slide 57: Actions to keep growing faster than the market
Actions to keep growing faster than the market Net sales growth Stable business Capital business • Win new customers and increase share of • Benefit from strong favorable megatrends in wallet with existing customers Board, Tissue, Pulp and Energy • Grow service sales and multi-year service • Continu
Slide 58: Actions to reach Comparable EBITA target of 10–12%
Actions to reach Comparable EBITA target of 10–12% Comparable EBITA: 10–12% Actions to reach Comparable EBITA target: Track record • Grow the stable business Stable business net sales (EUR million) Comparable EBITA margin (%) • Focus on improving project management and execution 1,767 1,728 • Positi
Slide 59: Actions to maintain ROCE at target level
Actions to maintain ROCE at target level Comparable return on capital employed (pre-tax): >20% Main drivers for ROCE: Track record • Improvement in Comparable EBITA is Capital employed (EUR million) the biggest driver for ROCE Comparable ROCE (%, before taxes) • Capital employed has increased due to
Slide 60: Systematically building the future
Systematically building the future Continuous renewal and improvement of operational capability ERP renewal Operational development • ERP renewal was started in 2016 and • Procurement transformation towards will be completed in 2023 world-class performance continues • Project proceeding well • Addin
Slide 61: Procurement and quality cost development
Procurement and quality cost development Implemented procurement savings of annual direct spend Quality costs (% of net sales) 4.3% 4.4% 4.3% 4.0% 3.8% 3.9% 3.7% 3.8% 3.6% 2.9% 3.0% 3.1% 2.6% 2.8% 2.4% 2.2% 2.2% < 1.3% 2013 2014 2015 2016 2017 2018 2019 2020 Annual goal 2013 2014 2015 2016 2017 2018
Slide 62: Acquisitions
Acquisitions • Valmet’s acquisition strategy is to make Track record of successful acquisitions selective acquisitions with a clear industrial logic to support organic growth 2015 2018 2019 2020 ‒ Focus on strengthening services and Automation Enertechnix J&L Fiber 29.5% share Services in Neles auto
Slide 63: Valmet strengthened its business by acquiring PMP Group
Valmet strengthened its business by acquiring PMP Group Focus on small and medium-sized tissue machines and board and paper machine rebuilds Key information about the acquisition • PMP Group supplies process technologies and services for tissue, Net sales in 2019 EUR ~70 million board and paper mach
Slide 64: Valmet strengthened its stable business through acquisitions
Valmet strengthened its stable business through acquisitions Valmet completed the acquisitions of GL&V and J&L Fiber Services in Q2/2019 • GL&V is a supplier of technologies, upgrade and process • J&L Fiber Services is a manufacturer and provider of refiner optimization services, rebuilds and spare
Slide 65: Shareholders and share price development
Appendix Shareholders and share price development
Slide 66: Largest shareholders on July 31, 2021
Largest shareholders on July 31, 2021 Based on indicative data collected by Modular Finance # Shareholder name Number of shares % of shares and votes 1 Solidium Oy 16,695,287 11.1 % 2 Handelsbanken Funds 4,623,353 3.1 % 3 Vanguard 4,357,115 2.9 % 4 Swedbank Robur Funds 4,126,811 2.8 % 5 Ilmarinen Mu
Slide 67: Shareholder structure on July 31, 2021
Shareholder structure on July 31, 2021 Based on Euroclear data. The classification of sectors determined by Statistics Finland. Sector Number of shareholders % of total shareholders Number of shares % of shares Nominee registered and non-Finnish holders 391 0.67 83,267,880 55.56 Finnish institutions
Slide 68: Share of non-Finnish holders and number of shareholders
Share of non-Finnish holders and number of shareholders Valmet has 58,644 shareholders and 55.6% of the shares are held by investors outside Finland 60,000 58% 58,000 57% 56% 56,000 55% 54,000 54% 52,000 53% 50,000 52% 48,000 51% 50% 46,000 49% 44,000 48% 42,000 47% 40,000 46% 12/2013 03/2014 06/201
Slide 69: Strategy and offering
Appendix Strategy and offering
Slide 70: Valmet's way forward
Valmet’s way forward Our Vision Our Must-Wins To become the global champion Customer excellence in serving our customers Our Strategy Leader in technology and Valmet develops and supplies innovation competitive process technology, Excellence in processes services and automation to the pulp, pa
Slide 71: Services business units
Services business units Rolls and Workshop Board, Paper and Pulp and Energy Performance Parts Services Fabrics Tissue Solutions Solutions Spare parts and Rolls, roll covers and Paper machine clothing Improvement Projects, Improvement Projects, Field consumables maintenance, workshop and filter fabri
Slide 72: Our way to serve - Right combination of services for every stage in the lifecycle
Our way to serve - Right combination of services for every stage in the lifecycle Our services offering Maintenance Industrial Spare and Workshop and Process Fabrics development & Field services Internet process parts roll services upgrades outsourcing solutions Delivery models Service products Serv
Slide 73: Automation business line offering
Automation business line offering Delivered as products and technology, projects and service agreements Distributed Quality Analyzers and Industrial Automation control systems management measurements Internet solutions services • Highly integrated • Quality control • For measuring and • Advanced con
Slide 74: Future-proof automation solutions and services
Future-proof automation solutions and services Our automation Distributed control Industrial Quality Analyzers and Industrial Internet Automation offering systems applications management measurements solutions services Delivery models Automation products and technology Automation projects Service ag
Slide 75: Automation business line offering and market overview
Automation business line offering and market overview Advanced automation and process monitoring solutions and services: Over 4,500 Distributed Control System (DCS) – Valmet DNA Industrial internet solutions automation systems Performance solutions Automation services and over 40,000 Quali
Slide 76: Pulp and Energy business line offering
Pulp and Energy business line offering Leading global technology supplier Pulp Energy Pulp Biomass conversion Energy Emission control • Chemical pulp mill • Pretreatment for bioethanol Technology for biomass and municipal • Power plant flue gas cleaning Woodhandling production and industrial resid
Slide 77: Paper business line offering
Paper business line offering Stock preparation and recycled fiber Board and paper Tissue • Stock preparation lines Board and paper production lines Tissue production lines – Recycled fiber lines – Technologies for all board and paper grades – Technologies for all tissue grades and products – Sto
Slide 78: Full scope offering for the pulp and paper industry
Full scope offering for the pulp and paper industry Technologies Automation Services 1 Wood handling 6 Recycled fiber • Distributed Control System • Mill and plant improvements (DCS) • Spare and wear parts 2 Heat and power 7 Mechanical fiber • Performance solutions • Paper machine clothing productio
Slide 79: Our offering for energy industry and biotechnologies
Our offering for energy industry and biotechnologies Technologies Automation Services 1 Fuel handling 5 Modularized • Distributed Control System • Plant improvements power plants (DCS) • Rebuilds 2 Gasification • Performance solutions • Performance services 6 Prehydrolysis 3 Boiler and flue For biof
Slide 80: Continuous investment in research and development to improve customers' processes
Continuous investment in research and development to improve customers’ processes Example of our R&D work – Valmet’s R&D focus Valmet’s R&D resources OptiConcept M board and paper Customers’ needs machine • Increase production • Modularized and • Own R&D centers and efficiency standardized products
Slide 81: Growth accelerator: Valmet Industrial Internet - VII
Growth accelerator: Valmet Industrial Internet - VII Dialogue with data to move our customers performance forward Valmet Performance Center delivering remote support Recent development VII solutions launched for all customer segments Development of Mill Wide Optimization application Asset Perf
Slide 82: Typical dimensions of pulp mills, and paper, board and tissue machines
Typical dimensions of pulp mills, and paper, board and tissue machines Paper and board machine Pulp mill Length 140 m, equivalent to a line of ~30 cars Speed: 72 km/h Production: 400,000 t/a Width 7 m Tissue machine Length 40 m, equivalent to a line of ~9 cars • Mill site area: 500,000 – 5,000,000 m
Slide 83: Management and remuneration
Appendix Management and remuneration
Slide 84: Board of Directors
Board of Directors Mikael Mäkinen Aaro Cantell Pekka Kemppainen Monika Maurer (b. 1956) (b. 1964) (b. 1954) (b. 1956) Chairman of Vice-Chairman of Board member Board member the Board the Board Finnish citizen German citizen Finnish citizen Finnish citizen • M.Sc. (Eng.) • M.Sc. (Tech.) • Lic.Sc. (Te
Slide 85: Executive Team
Executive Team Corporate Pasi Laine Kari Saarinen Julia Macharey Anu Salonsaari-Posti President and CEO CFO SVP, Human Resources and SVP, Marketing, Communications, Share ownership: 157,581 Share ownership: 47,655 Operational Development Sustainability and Corporate Relations Share ownership: 32,709
Slide 86: Remuneration of the President and CEO
Remuneration of the President and CEO The remuneration of the President and CEO is Performance share plan comprised of 2021 2021–2023 – the total salary (monthly base salary and customary fringe benefits*), Incentive based on Comparable EBITA as % of Predefined strategic net sales, and orders rece
Slide 87: Remuneration of the Executive Team
Remuneration of the Executive Team The remuneration of the Executive Team members Performance share plan comprises 2021 2021–2023 – a monthly total salary (including monthly salary and customary fringe benefits1), Incentive based on Comparable EBITA as % of Predefined strategic net sales, and orde
Slide 88: FORWARD
FORWARD