Konecranes Oyj · OMXHEX:KCR
Konecranes Oyj — Konecranes Plc Ord — Q1 2025 Earnings Presentation
31 slides from Konecranes Oyj's earnings presentation, Apr 24, 2025
Slide 1: Q1 2025 Report
April24, 2025 Q1 2025 Report Anders Svensson, Presidentand CEO Teo Ottola, CFO
Slide 2: Important Notice
Important Notice The following applies to this presentation, the oral presentation of the information in this presentation by Konecranes Abp (the “Company” or “Konecranes”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, t
Slide 3: Agenda
Agenda Anders Svensson 1. Quarter’s highlights p. 4 President and CEO 2. Market environment p. 5 3. Group financial performance p. 7 4. Demand outlook & financial guidance p. 11 Teo Ottola 5. Group profitability bridge p. 14 CFO 6. Business Areas p. 15 7. Net working capital & free cash flow p. 18 8
Slide 4: Q1 2025 – Good start to the year
Q1 2025 –Goodstartto the year Order intake Net sales (MEUR) (MEUR) Demand environment remained good in Q1 +17% +8% • Orders +15.9% Y/Y (comp. FX) 1,062 984 909 913 • Y/Y order intake growth in all three Business Areas • Sales €984 million, +6.9% Y/Y (comp. FX) Q1/24 Q1/25 Q1/24 Q1/25 Q1 comparable E
Slide 5: Market environment – Service and Industrial Equipment
Market environment – Service and Industrial Equipment EU capacity utilization rate, % US capacity utilization rate, % Manufacturing PMIs – Brazil, India & China 75 90 European Union (27 countries) 90 Total industry Manufacturing Brazil India China 70 85 85 65 80 80 77.8 60 75 77.3 75 77.2 55 50 70 7
Slide 6: Market environment – Port Solutions
Market environment – Port Solutions RWI/ISL Container Throughput Index (2015 = 100) Monthly index change Y/Y, % 160 20 140 135.1 15 120 10 100 5 80 +6% Y/Y 0 2/2025 60 -5 40 -10 20 -15 0 -20 2/15 2/16 2/17 2/18 2/19 2/20 2/21 2/22 2/23 2/24 2/25 2/15 2/16 2/17 2/18 2/19 2/20 2/21 2/22 2/23 2/24 2/25
Slide 7: Group order intake and net sales
Group order intake and net sales Order intake, MEUR(1) Order intake 1500 1290 +16.8% +15.9% 1062 Y/Y reported Y/Y comp. FX 1000 909 • EUR 1,062.2 million • Increase in all Business Areas 500 • Increase in EMEA and the Americas, decrease in APAC 0 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25
Slide 8: Group order book
Group order book Order book, MEUR Service Industrial Equipment Port Solutions Order book 4500 -3.4% -3.5% Y/Y reported Y/Y comp. FX 3750 • EUR 2,941.8 million 3281 3046 • Decrease in Port Solutions and Industrial 2942 Service, approximately flat in Industrial 3000 Equipment • Orderbook remains on a
Slide 9: Group comparable EBITA
Group comparable EBITA Comparable EBITA, MEUR & margin-% Comp. EBITA C. EBITA-% R12M c. EBITA-% Comparable EBITA 175 11.1% -0.1 pp margin Y/Y 13.0% 150 11.5% 11.1% • EUR 109.0 million 10.6% • Comparable EBITA-% increase in 125 11.1% 109 Industrial Service and Port Solutions, 10.3% 102 decrease in In
Slide 10: Progress towards Konecranes' financial targets
Progress towards Konecranes’ financial targets Group Industrial Service Industrial Equipment Port Solutions Target: 12-15%(1) Target: 20-24%(1) Target: 8-10%(1) Target: 9-11%(1) 21.0 21.1 19.9 18.5 18.6 17.2 13.1 13.0 11.4 9.8 9.5 9.3 9.6 9.0 8.6 8.2 7.0 7.4 7.5 6.3 5.6 3.5 2.3 2.7 2020 2021 2022 20
Slide 11: Demand outlook
Demand outlook Within industrial customer segments: Within port customers: Global container throughput continues on a high level, and long-term prospects related Americas EMEA Asia-Pacific to global container handling remain good overall. Our demand environment within industrial customer segments ha
Slide 12: Financial guidance for 2025
Financial guidance for 2025 Net sales expected to remain approximately on the same level in 2025 compared to 2024. Comparable EBITA margin expected to remain approximately on the same level or to improve in 2025 compared to 2024. 12
Slide 13: Agenda
Agenda Anders Svensson 1. Quarter’s highlights p. 4 President and CEO 2. Market environment p. 5 3. Group financial performance p. 7 4. Demand outlook & financial guidance p. 11 Teo Ottola 5. Group profitability bridge p. 14 CFO 6. Business Areas p. 15 7. Net working capital & free cash flow p. 18 8
Slide 14: Q1 2025 comparable EBITA bridge
Q1 2025 comparable EBITA bridge MEUR(1) 250 200 150 37 -25 -7 2 109 102 100 11.1% 11.1% 50 Comparable EBITA Comparable EBITA margin margin 0 Comparable EBITA Volume, Variable Fixed FX translation Comparable EBITA Q1 2024 pricing & mix costs costs impact Q1 2025 Note (1): Volume, pricing & mix, Varia
Slide 15: Industrial Service
Industrial Service Order intake and net sales, MEUR(1) • Increase in field service and parts Orders received Net sales Order intake 600 • Increase in the Americas and EMEA, +5.2% decrease in APAC 409 Y/Y reported 379 354 388 367 380 Agreement base: 400 +4.2% • EUR 340.3 million , +4.4% Y/Y Y/Y comp.
Slide 16: Industrial Equipment
Industrial Equipment Order intake and net sales, MEUR(1) • External orders +13.5% Y/Y comp. FX Orders received Net sales Order intake • Increase in standard cranes and process 600 +14.4% cranes, decrease in components 441 Y/Y reported 358 • Increase in EMEA and in the Americas, 400 308 313 283 294 +
Slide 17: Port Solutions
Port Solutions Order intake and net sales, MEUR(1) Orders received Net sales Order intake • Increase in the Americas and EMEA, decrease in APAC 600 513 +38.2% Y/Y reported • Good order intake in Mobile Harbor Cranes, Rubber-Tired Gantry Cranes, 400 300 343 351 +37.5% Automated Guided Vehicles and Po
Slide 18: Net working capital and free cash flow
Net working capital and free cash flow Net working capital, MEUR and percentage of sales (1)(2) Free cash flow, MEUR NWC % of R12M sales FCF R12M FCF 800 800 700 700 600 600 12.2% 500 500 437 9.4% 444 437 8.7% 400 374 372 400 300 300 200 200 138 100 100 116 59 49 0 0 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2
Slide 19: Gearing and return on capital employed
Gearing and return on capital employed Equity & net debt, MEUR and gearing, % Capital employed, MEUR and comp. return on capital employed, % 2000 Equity Net debt Gearing-% Capital employed Comp. ROCE-% 1771 4000 1750 22.3% 1538 3500 1500 18.9% 1387 3000 16.1% 42.3% 1250 2514 2499 2500 2346 1000 21.8
Slide 20: Konecranes' exposure to US tariffs
Konecranes’ exposureto US tariffs Annual volume: Actions taken: Industrial Service <€50m • Price increases Industrial Equipment ~€100m applied to all parts Port Services ~€30m imported from Europe • Price increases also Annual volume applied to light lifting Annual volume equipment and Industrial Eq
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Slide 22: Appendix
@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and 22 are either registered trademarks or trademarks of Konecranes Global Corporation. Appendix PUBLIC
Slide 23: Group R12M sales split
Group R12M sales split Group R12M sales by Business Area Group R12M sales by offering type(1) Group R12M sales by region 36% 42 % 13 % 47 % 35% APAC EMEA Port Solutions Service Total service 1588 MEUR 1874 MEUR 579 MEUR 2013 MEUR 1573 MEUR % % % % of of R12M R12M of R12M of R12M sales sales sales sa
Slide 24: Service agreement base and order book by Business Area
Service agreement base and order book by Business Area Service agr. base & order book, MEUR Industrial Equipment order book, MEUR Port Solutions order book, MEUR 1000 Order book Agreement base 1600 2000 1834 1648 1552 750 1200 1500 986 932 940 466 462 450 500 800 1000 340 326 311 250 400 500 0 0 0 Q
Slide 25: Group key figures 1/2
Group key figures 1/2 EUR million 1-3/ 1-3/ Change % Change % 1-12/ 2025 2024 Comp. FX 2024 Orders received, MEUR 1,062.2 909.1 16.8 15.9 3,999.6 Order book at end of period, MEUR 2,941.8 3,046.4 2,888.4 Sales total, MEUR 983.7 913.1 7.7 6.9 4,227.0 Comparable EBITDA, MEUR 136.1 124.4 9.4 641.7 Comp
Slide 26: Group key figures 2/2
Group key figures 2/2 Change EUR million 1-3/ 1-3/ 1-12/ % 2025 2024 2024 ROCE, %, (R12M) 22.1 17.6 25.6 20.3 Return on equity, %, (R12M) 23.1 19.3 19.7 21.3 Equity per share (EUR) 22.36 19.41 15.2 23.45 Net debt / Comparable EBITDA, (R12M) 0.2 0.6 -66.7 0.3 Equity to asset ratio, % 44.4 39.5 12.4 4
Slide 27: Key figures by Business Area
Key figures by Business Area EUR million 1-3/ 1-3/ Change % Change % 1-12/ 2025 2024 Comp. FX 2024 Industrial Service Orders received, MEUR 408.7 388.5 5.2 4.2 1,559.0 Agreement base value, MEUR 340.3 326.0 4.4 4.9 342.5 Sales, MEUR 380.4 367.2 3.6 2.5 1,574.7 Comparable EBITA, MEUR 76.6 72.9 5.1 33
Slide 28: Statement of income
Statement of income EUR million 1-3/ 1-3/ Change % 1-12/ 2025 2024 2024 Sales 983.7 913.1 7.7 4,227.0 Other operating income 2.4 4.6 10.5 Materials, supplies and subcontracting -398.6 -359.8 -1,878.2 Personnel cost -337.2 -328.0 -1,264.0 Depreciation and impairments -35.7 -30.3 -120.5 Other operatin
Slide 29: Balance sheet
Balance sheet EUR million 31 Mar 31 Mar EUR million 31 Mar 31 Mar 2025 2024 2025 2024 Non-current assets 2,049.7 1,998.7 Total Equity 1,771.0 1,537.7 Goodwill 1,053.2 1,040.1 Non-current liabilities 882.2 1,111.3 Intangible assets 441.6 454.7 Interest-bearing liabilities 478.3 731.0 Property, plant
Slide 30: Cash flow statement
Cash flow statement EUR million 1-3/ 1-3/ 1-12/ 2025 2024 2024 Operating income before change in net working capital 117.2 113.8 631.4 Change in net working capital -18.8 -18.4 -5.3 Cash flow from operations before financing items and taxes 98.4 95.4 626.1 Financing items and taxes -30.4 -33.7 -134.
Slide 31: Thank you
Thank you are either registered trademarks or trademarks of Konecranes Global Corporation. @ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and Contact information Kiira Fröberg Vice President, Investor Relations Email: kiira.froberg@konecranes.com, tel: +358 20 427 2050 Ru