Wärtsilä (WRT1V) Investor presentation summary

Strategic transformation and business structure

• Transitioned to two core segments: Marine and Energy, following divestments and the discontinuation of Energy Storage as a separate segment in Q2 2026.

• Marine focuses on engines, propulsion, hybrid technologies, and services supporting carbon neutrality.

• Energy delivers flexible, efficient power plants and services for balancing and baseload applications, enabling 100% renewable systems.

• Portfolio Business divestments completed by June 2026, with no remaining activities.

• Joint venture established for Energy Storage with RCT Solutions, ceasing separate segment reporting.

Market fundamentals and growth drivers

• Decarbonisation and regulatory changes are reshaping marine and energy markets, with strong policy support for net-zero targets globally.

• Marine market supported by resilient contracting, especially in cruise, ferries, offshore, and LNG carriers.

• Energy market driven by surging electricity demand, data centre buildout, and the transition to renewables.

• Service business provides resilient sales and profits, with >30% of installed base under agreements and >90% renewal rate.

• All-time high order intake and order book, with strong growth in both Marine and Energy segments.

Financial performance and targets

• Achieved 5% annual organic growth and 14% operating margin in Marine and Energy combined.

• Group gearing remains below 0.5, with a dividend payout of at least 50% of earnings.

• Net sales for 2025 reached €6.9bn, with order intake at €8.1bn and comparable operating result at €829m (12% margin).

• Cash flow from operating activities increased, with a 73% return on capital employed.

• Outlook for the next 12 months expects demand to remain strong in both segments.