Wärtsilä (WRT1V) Investor presentation summary

Strategic focus and business structure

• Two main businesses: Marine (engines, propulsion, hybrid tech, services) and Energy (grid-balancing plants, storage, optimisation).

• Decarbonisation is central, with strong R&D investment and innovation in sustainable fuels and carbon capture.

• Clear financial targets: 5% annual organic growth, 12% operating margin, gearing below 0.5, and dividend payout of at least 50% of earnings.

• Portfolio streamlining through divestments, including Automation, Navigation & Control Systems.

Market drivers and regulatory landscape

• Accelerated decarbonisation targets in marine and energy sectors, with global and regional policies pushing for net zero by 2050.

• Regulatory changes are increasing fuel costs and driving demand for alternative fuels and emission reduction technologies.

• Technology trends include fuel flexibility, hybrid solutions, digital optimisation, and increased cyber security needs.

Marine business highlights

• Market leader in 4-stroke medium speed engines, hybrid solutions, and marine carbon capture.

• Over 60% of marine net sales from high-value segments; strong growth in service agreements and retrofits.

• Alternative fuel-capable engines accounted for 70% of MW delivered in 2024; half of new ship orders are alternative fuel capable.

• Carbon capture and storage (CCS) solutions commercially available in 2025, with significant retrofit market potential.