Investor presentation

March 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.

2

Metso - 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

3

Enabling sustainable modern life

5.4~50

billion euro

countries we

sales in 2023

operate in

17,000+100+

employees

nationalities

~30

locations with R&D, testing or laboratory capabilities

4

VISION:

To be customers' number one choice for sustainable use of Earth's natural resources. Together we deliver service, reliability, innovation and results - safely.

Our businesses

Aggregates

Minerals

Service

Consumables

Metals

Largest global

Comprehensive

Spare parts and

Widest range of

Smelting

supplier of

offer covering the

professional

products on the

business part

whole process

of the core;

crushers

services

market

two other

businesses will

be sold

5

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

6

Metso key financials 2023

Sales

EUR 5.4 billion

Planet Positive sales EUR 1.4 billion

Services share of sales

~54%

Sales by segment*

Sales by geography

25%

Aggregates

16 %

20 %

Europe

Minerals

North and Central

America

21 %

23 %

Asia Pacific

75%

South America

20 %

Middle-East, India

and Africa

Adjusted EBITA

EUR 887 million / 16.5%

*) In financial reporting, the Smelting business has been transferred to the Minerals segment. The Metals & Chemical Processing and

7

the Ferrous & Heat Transfer businesses have been classified as discontinued operations; their figures are not included in the segment figures below.

Strategy implementation continues via TOP priorities

8

Financial targets support our value creation

Adjusted EBITA- margin of

>17%

Q4/23:

16.5%

over the cycle

Dividend payout of at least

50%

2023:

of earnings per share

55%

9

Maintaining

Investment Grade

Baa2/

BBB

credit rating

Progress in sustainability in

alignment with the

On

1.5°Ctrack

commitment

Our margin journey after the merger

EUR million

Target of >17%

%

Completion of merger

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

10

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Disclaimer

Metso Oyj published this content on 12 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2024 09:11:01 UTC.