Metso Outotec Oyj : Investor presentation May 2024 Presentation

Investor presentation

May 2024

Forward looking statements

It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding expectations for general economic development and the market situation, expectations for customer industry profitability and investment willingness, expectations for company growth, development and profitability and the realization of synergy benefits and cost savings, and statements preceded by "expects", "estimates", "forecasts" or similar expressions, are forward looking statements. These statements are based on current decisions and plans and currently known factors. They involve risks and uncertainties which may cause the actual results to materially differ from the results currently expected by the company.

Such factors include, but are not limited to:

1. general economic conditions, including fluctuations in exchange rates and interest levels which influence the operating environment and profitability of customers and thereby the orders received by the company and their margins
2. the competitive situation, especially significant technological solutions developed by competitors
3. the company's own operating conditions, such as the success of production, product development and project management and their continuous development and improvement
4. the success of pending and future acquisitions and restructuring.

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Metso investment highlights

Leading

offering in			Committed to
aggregates and	Industry leader in	Strong aftermarket	further
mining with full	sustainability and	presence &	improvement of
flowsheet	technology	capability	profitability

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Enabling sustainable modern life

Megatrends	Vision	Top priorities
Urbanization	To be customers' number one choice for sustainable	Financial performance
Electrification	use of Earth's natural resources. Together we deliver	Customer success
Sustainability	service, reliability, innovation and results - safely.	Sustainability
Resource scarcity		Performance culture
AI & digitalization	Brand promise
	We are the partner for positive change

A G G R E G A T E S | M I N E R A L S | M E T A L S | S E R V I C E S | C O N S U M A B L E S

Values

High ambition	Customer	Getting it done	Open and
- always	in center	- together	honest

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Our businesses

Aggregates	Minerals	Metals	Services	Consumables
Crushing and	Comprehensive	Process	Spare parts,	Comprehensive
screening equipment	solutions for minerals	technologies,	refurbishments and	offering of wear
processing,	solutions, and
for the production of	professional services	parts for mining
hydrometallurgical	services for metal
aggregates	for mining and	and aggregates
recovery and	and chemical
	aggregates	processes​
	industries
	recycling of metals
	customers

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Key numbers in 2023

Sales by geography

Sales

EUR 5.4

billion

Adjusted EBITA EUR 887 million

16.5%

Planet Positive sales

EUR 1.4

billion

~50

countries

17,000+

employees

100+

nationalities

16 %	20 %		Europe
			North and Central
			America
21 %	23 %		Asia Pacific
		South America

Africa, Middle-

20 %	East and India

Sales by segment

25%

Aggregates

Minerals

75%

6

Strategy implemented via priority areas

Customer	Sustainability	Performance	Financial
success		culture	performance

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Positive development in strategic priorities	eNPS
54
Engaged people ➔ customer value ➔ business results	Top 10%**

100					16.5%	18%
				16.0%
90
					16%
			14.4%
80	12.9%	13.1%				14%
70						12%
60				55	54
			51	10%
50		43
					8%
	37
40
30						6%
20						4%
10						2%
0						0%
	Q4 2021	Q2 2022	Q4 2022	Q2 2023	Q4 2023

*Indeksoitu		eNPS		NPS		Planet Positive sales*		Adjusted EBITA R12
**Verrattuna toimialan verrokkeihin

*Indexed

**Compared to industry benchmark

8

Financial targets support our value creation

Adjusted EBITA- margin of

>17%	Q1/24:
16.5%
over the cycle

Dividend payout of at least
50%	2023:
of earnings per share	55%

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Maintaining

Investment Grade	Baa2/
BBB
credit rating

Progress in sustainability in
alignment with the	On

1.5°Ctrack

commitment

Profitability has strengthened after the merger

EUR million			Completion of Merger			Target over 17%
8,000						16.5%	%
					14.4%		16
7,000
				12.9%			14
6,000		11.2%	11.5%				12
5,000							10
4,000	6.7%				4,970	5,390	8
3,000				4,236
4,159	4,132				6
	3,897
2,000						4
1,000							2
0							0
	2018	2019	2020	2021	2022	2023
			Sales	Adjusted EBITA %

Note: 2018 and 2019 figures are pro forma and H1/2020 illustrative combined. The merger of Metso and Outotec was completed on July 1, 2020, after which the data is based on IFRS.

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