Metso Corporation · OMXHEX:METSO
Metso — Investor Day (October 2025)
12 slides from Metso's investor day presentation, Oct 2, 2025
Slide 1: Going beyond in financial performance
Going beyond in financial performance Capital Markets Day 2025 October 2, 2025 Pasi Kyckling, CFO
Slide 2: Targeting sales growth of >7% (CAGR)
Targeting sales growth of >7% (CAGR) 5-6% organic and 1-2% from bolt-on acquisitions EUR million 6000 5000 4000 • ~5% (CAGR) sales 3000 growth after 2020 • Aftermarket growth 2000 ~7% (CAGR) 1000 0 Aftermarket sales, rolling 12 months Equipment sales, rolling 12 months The Metals business was tran
Slide 3: Profitability target lifted to >18% adjusted EBITA
Profitability target lifted to >18% adjusted EBITA EUR million >18% target -> 1000 18% >17% target 2023-2025 900 >15% target 2020-2023 16% 800 14% 700 12% 600 10% • Strong development 500 in 2020-2023 8% 400 supported by sales 300 6% growth 200 4% • Proven resilience in 100 2% 2024→ 0 0% Adj. EBITA,
Slide 4: Key levers to achieve the >18% margin target
Key levers to achieve the >18% margin target 19% >18% 18% 17% SG&A Procurement Logistics 16% Segments' 15.3 % strategic priorities 15% Strong market outlook for Aggregates and Minerals 14% 2025 H1 Market growth Growth actions Self-help 2028
Slide 5: Strong upside in SG&A cost efficiency improvements
Strong upside in SG&A cost efficiency improvements EUR million 1000 25% 900 800 700 20% 600 500 400 15% 300 200 100 0 10% SG&A, rolling 12 months SG&A, rolling 12 months, % of sales The Metals business was transferred to discontinued operations in September 2023. The income statement was restated ac
Slide 6: Strong balance sheet supporting growth and strategy implementation
Strong balance sheet supporting growth and strategy implementation Leverage target of net debt to EBITDA <1.5X EUR million 1400 2.0 1.8 1200 1000 1.6 Ratings: 1.4 800 1.2 • S&P: BBB long- 600 1.0 term rating with 0.8 0.6 stable outlook 400 0.4 • Moody’s: Baa2 200 0.2 long-term rating 0 0.0 with stab
Slide 7: Robust liquidity position
Robust liquidity position Maturity profile of eurobonds and bank loans EUR million 700 • EUR 432 million 600 liquid funds at the end of June 500 • EUR 700 million 400 revolving credit 300 facility 170 300 200 300 300 100 0 2025 2026 2027 2028 2029 2030 2031 2032 Eurobonds Other maturities
Slide 8: Balanced capital allocation
Balanced capital allocation EUR million Capital allocation priorities: 600 • Dividend as per policy 500 • Organic growth • M&A 400 • Potential additional distribution to 300 shareholders 200 R&D: • EUR 61 million, or 2.6% 100 of sales in H1/25 0 2021 2022 2023 2024 2025H1 Capex M&A Dividend
Slide 9: Growing dividend powered by EPS
Growing dividend powered by EPS Dividend policy of more than 50% of EPS maintained 0.70 0.60 0.50 0.40 0.30 64% 55% 0.20 77% 69% 0.10 100% 0.00 2021 2022 2023 2024 2025* Dividend/share, EUR Earnings/share, continuing operations, EUR *The second dividend installment of EUR 0.19 per share will be paid
Slide 10: Stable cash generation amid NWC build-up
Stable cash generation amid NWC build-up EUR million 700 600 500 • Stable operating 400 cash flow despite inventory-driven 300 working capital 200 increase • Opportunitites to 100 further enhance 0 working capital 2020 2021 2022 2023 2024 2025H1 efficiency Operating cash flow
Slide 11: Financial excellence fuels our value creation
Financial excellence fuels our value creation Global leader in minerals and aggregates Financial excellence Shareholder value Technology & R&D Customer service Sustainability Targeted capital allocation Revised financial targets Strong existing position Industry benchmark Prioritized growth areas At
Slide 12: Partner for positive change
Partner for positive change A black square with white letters in it A black and white logo A black and white x A black and white logo A black and white play button metso.com Description automatically generated Description automatically generated Description automatically generated Description automa