Valmet (VALMT) Investor presentation summary

Unique market position and offering

• Offers the widest portfolio in the market, covering process technologies, automation, and services for pulp, paper, tissue, and energy industries.

• Holds leading market positions in pulp, energy, automation, and flow control, with significant market shares across segments.

• Global presence with over 19,500 employees, 130 service centers, 60 production units, and 32 R&D centers.

Financial performance and targets

• Q3/2024 LTM orders received: EUR 4,529 million; net sales: EUR 5,330 million; comparable EBITA: EUR 600 million (11.3% margin); order backlog: EUR 3,536 million.

• Services and Automation segments target to grow over two times the market growth; Process Technologies to exceed market growth.

• Dividend payout policy is at least 50% of net profit, consistently exceeded since 2013.

• Guidance for 2024: net sales and comparable EBITA expected to remain at 2023 levels.

Segment performance and growth drivers

• Services segment driven by a large, aging installed base, with a recurring business model and 16.8% EBITA margin.

• Automation segment shows high growth and profitability, with an 18.2% EBITA margin and expansion opportunities beyond core industries.

• Process Technologies segment benefits from demand for bio-based products and energy transition, though recent orders and EBITA have declined.