Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Shareholder Meeting (March 2026)
22 slides from Wartsila Oyj Abp's shareholder meeting presentation, Mar 12, 2026
Slide 1: Review by the President & CEO
Review by the President & CEO Håkan Agnevall 12 March 2026 1 ©
Slide 2: Another year of all-time highs
Another year of all-time highs Profitability significantly improved We are transforming Wärtsilä to ensure our future success The Wärtsilä Way is yielding results 2 ©
Slide 3: Wärtsilä Board of Management 2025
Wärtsilä Board of Management 2025 Håkan Agnevall Arjen Berends Roger Holm Anders Lindberg Tamara de Gruyter President and CEO Chief Financial Officer President, Wärtsilä Marine President, Wärtsilä Energy President, Energy Storage Teija Sarajärvi Kari Hietanen Nora Steiner-Forsberg Anu Sirkiä EVP, Hu
Slide 4: Board of Management changes from 1 January 2026
Board of Management changes from 1 January 2026 Kari Hietanen Arjen Berends Teija Sarajärvi Nora Steiner-Forsberg retires after 37 years assumes responsibilities assumes responsibilities assumes the role of of service to Wärtsilä for cybersecurity for safety EVP, Public Affairs and Legal 4 ©
Slide 5: Decarbonisation is advancing despite geopolitical uncertainties
Decarbonisation is advancing despite geopolitical uncertainties Energy: Marine: Renewables growth driven by affordability Wärtsilä key segments remain supportive and world’s growing need for power Fuel flexibility and efficiency a customer priority 5 ©
Slide 6: The data centre market is moving into Wärtsilä's sweet spot
The data centre market is moving into Wärtsilä’s sweet spot US data centre market Wärtsilä solutions are optimal: Three US deals developing rapidly, shorter lead times, totalling 1.2GW of power driven by growth of AI higher reliability, to data centres better efficiency of cost, fuel and water 6 ©
Slide 7: Strengthening our ability to meet growing demand
Strengthening our ability to meet growing demand Sustainable Technology Hub (STH), Vaasa: ▪ EUR 50 million investment to expand R&D testing capabilities and facilities to be commissioned in 2028. ▪ EUR 140 million investment to expand technical production capacity by 35% compared to 2025 and associa
Slide 8: The safety of our people is key to our success
The safety of our people is key to our success 17,900 employees Finland 25% Rest of Europe 33% Asia 21% Americas 14% Other 6% 8 ©
Slide 9: The Wärtsilä Way is our roadmap to profitable growth
The Wärtsilä Way is our roadmap to profitable growth Enabling sustainable societies through innovation in technology and services Transform Perform Attractive growth opportunities Clear path for operational in the decarbonisation improvements and transformation increased profitability 9 ©
Slide 10: We build our approach to AI on two workstreams
We build our approach to AI on two workstreams: Off-the-shelf tools to improve Strategic AI bets for sustainable operational efficiency competitive advantage Continuous improvement to increase Investments in services to further help productivity while boosting sales customers optimise operations, re
Slide 11: We are driven by innovation in technology and services
We are driven by innovation in technology and services R&D expenditure 4.8% of net sales Optimised 4-stroke World’s first onboard World-first engine test Next-generation 46TS ammonia engine carbon capture solution to convert sugarcane engine into clean power 11 ©
Slide 12: Progressing towards our Set for 30 decarbonisation targets
Progressing towards our Set for 30 decarbonisation targets Provide a product portfolio Become carbon neutral 25% reduction of direct ready for zero-carbon fuels in our own operations suppliers’ GHG emissions 12 ©
Slide 13: Services represent 52% of our 2025 net sales
Services represent 52% of our 2025 net sales Growth potential is strong €3.5bn 50% 2025 service net sales Service net sales growth since 2021* >90% Renewal rate of service agreements * FY 2025 vs. 2021 13 ©
Slide 14: Becoming a more focused and profitable company
Becoming a more focused and profitable company We have made significant progress in divesting all Portfolio Business assets ▪ Divestment of Automation, Navigation and Control Systems (ANCS) business to Solix completed on 1 July 2025 ▪ Divestment of Marine Electrical Systems (MES) business to Vinci E
Slide 15: Good progress towards our financial targets
Good progress towards our financial targets Marine and Energy combined: 5% annual organic growth 14% operating margin Energy Storage: Low double-digit annual growth 3-5% operating margin Group: Gearing below 0.50 Dividend at least 50% of earnings 15 ©
Slide 16: Continued positive market sentiment despite increased uncertainty
Continued positive market sentiment despite increased uncertainty Order intake increased organically by 20% in Marine and Energy combined Order intake MEUR 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2021 2022* 2023* 2024** 2025** Marine Energy Energy Storage Portfolio business Order boo
Slide 17: We delivered customer value in marine and energy
We delivered customer value in marine and energy Some of our major orders in 2025 United States Australia United States China Delivering 789 MW of Continued partnership Electric propulsion Methane-emission-reduction off-grid power to two with Origin Eraring for systems for three fully solution for e
Slide 18: Comparable operating result increased by 20%
Comparable operating result increased by 20% Net sales increased by 7%, organically by 11% Comparable operating result MEUR % 8,000 14 7,000 12 6,000 10 5,000 8 4,000 6 3,000 4 2,000 1,000 2 0 0 2021 2022 2023 2024 2025 Net sales Comparable operating result, % of net sales 18 ©
Slide 19: All key financials significantly improved, ROCE exceeding 65%
All key financials significantly improved, ROCE exceeding 65% MEUR 1–12/2025 1–12/2024 Cash flow from operating activities 1,598 1,208 Working capital -1,263 -787 Net interest-bearing debt -2,006 -777 EBITDA 1,045 847 Return on capital employed (ROCE), %* 65.4 37.1 Gearing -0.70 -0.31 Solvency, % 40
Slide 20: Extraordinary dividend per share proposed for 2025
Extraordinary dividend per share proposed for 2025 *Proposal of the Board. 20 © ©
Slide 21: Outlook
Outlook Marine Wärtsilä expects the demand environment for the next 12 months (Q1/2026-Q4/2026) to be similar to that of the comparison period. Energy Wärtsilä expects the demand environment for the next 12 months (Q1/2026-Q4/2026) to be better than in the comparison period. Energy Storage Wärtsilä
Slide 22: WARTSILA
re, WARTSILA