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Investor Presentation Investor presentation September 2020 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. August 5, 2020 2 Metso Outotec in brief Metso Outotec is a frontrunner in sustainable technologies, end-to- end solutions and services for the aggregates, minerals processing, 4.2 50+ metals refining and recycling billion euro countries with industries globally. sales* presence By improving our customers’ energy and water efficiency, increasing their productivity and reducing environmental risks with our process 15,000+ 150 years of and product expertise, we are the employees, 80+ expertise in mining partner for positive change. nationalities and metal * Illustrative combined in 2019. 3 Metso Outotec’s businesses Aggregates Minerals Metals Recycling Services Consumables Crushing and Equipment and Processing Equipment and Spare parts, Comprehensive screening full plant solutions and services for refurbishments offering of wear equipment for solutions for equipment for metal and waste and parts for mining the production minerals metals refining recycling professional and aggregates of aggregates processing and chemical services for processes​ processing mining, metals and aggregates customers 4 Full offering from ore to metal Minerals processing Metallurgy Aggregates processing Prospecting, exploration, Comminution: Comminution: Separation: Separation: From ore Metals refining To development, extraction dry wet beneficiation dewatering body metal Classification / Materials handling / Slurry handling Leading Metso Outotec o f f e r i n g – equipment, systems, lifecycle services Minerals processing offering Metals refining offering • Crushing • Grinding • Dewatering • Pyro- and hydrometallurgy • Screening • Flotation • Tailings systems • Ferrous metals, ferroalloys • Bulk materials handling • Slurry handling • Concentrator plants • Base, precious, battery metals • Leaching • Acid and off-gas treatment • Effluent treatment Not in Metso Outotec scope In Metso Outotec scope 5 Metso Outotec key financials – illustrative 2019 combined Sales EUR million Sales by industry1 Sales by geography1 4,186 13% 23% Services 26% Share of sales 56% 42% 35% Adjusted EBITA2 61% EUR million / % 525 / 12.5% Aggregates EMEA 1. Illustrative combined figures of Metso Minerals business carve-out and Mining Americas Outotec continuing operations' sales for 2019 2. Combined Metso Minerals business carve-out adjusted EBITA and Outotec Metals and recycling APAC continuing operations’ adjusted EBITA for 2019 6 Providing unmatched benefits to stakeholders • Comprehensive offering from • New opportunities due to larger ore body to metal business scope and scale • Broad global service network • Unique opportunity to be part of Customers close to customers Employees building a new industry leader • Industry-leading innovation • Good cultural fit to create a and R&D strong culture • Strong balance sheet • A major partner and buyer • Experienced board and management to drive rapid • Industry leader in innovation Investors synergy realization Suppliers and sustainability • Significant revenue and cost • Opportunity to grow as part of synergies the Metso Outotec ecosystem 7 The world around us is changing Urbanization Scarcity of natural Climate change Circular economy Digitalization resources Brings requirements Sets the imperative Calls for energy and Drives recycling of Advances new for more aggregates, for responsible water efficiency and minerals, metals, business models and minerals and metals processing of the decrease of aggregates and improves efficiency to build modern precious natural emissions from our waste. and safety. societies. resources. industries. 8 Unique strengths for our customers' benefit Sustainable Innovation and Responsible Full offering Service technologies R&D partner Offering from ore Technologies that Industry-leading Strong combined Uncompromising to metal to improve reduce emissions service expertise innovation and safety in offering customers’ and energy, and comprehensive R&D power and operations profitability resource, and global network water use 9 Sustainable technologies to help customers Examples of technologies with higher energy, water, emissions and resource efficiency Lower energy consumption with Vertimills® 25-35% in grinding Lower water consumption at copper concentrator with 65% Pretium Water Advisor & Process Water Recycling Plant 6.6 Less CO2 emissions thanks to our leading metals Mt / y refining technologies1 Up to Lower crushing noise distance from Lokotrack® Urban™ 60% Series unique noise encapsulation features 1. Ferrochrome process, copper flash smelting, alumina calcination, ceramic filters, TankCell 300 and coated titanium anodes 10 Strong innovation and R&D power New series of 15+ innovative products launched each year 100 Investment in research and million euros development annually R&D centers, co-creating 30 with and customizing solutions to customers 8,200+ Patents 11 Metso Outotec R&D and operations footprint Country with direct presence HQ Factory Research center Test center and lab Note: Excluding service locations 12 Industry-leading service expertise and global network • Comprehensive service portfolio from spares and wears to advanced lifecycle services • World-class team of experts • Efficient service processes to enable our experts to get it right – fast • Deep understanding of customer process, product design and technology ~5,000 ~140 3 Service Service Performance Service locations experts locations Centers Repair Centers 13 Uncompromising safety in offering and operations Safe products and services • Products designed for safety • Safe and professional # of injuries per million hours of work service teams 8 Safe and responsible 6 supply chain Total Recordable Injury • Rigorous supplier screening Frequency (TRIF)2 • Supplier code of conduct 4 Lost Time Incident Health and safety of people 1 2 Frequency (LTIF) • Safe and secure workplace • Proactive attitude towards zero harm 0 2017 2018 2019 2020Q1 1. Number of injuries resulting in absence of at least one workday per million hours of work (own employees and contractors) 2. Number of injuries per million hours worked (own employees and contractors) 14 Metso Outotec global team of professionals Our 15,000+ people by geography 7% 12% 37% 20% 24% Europe South and Central America Asia-Pacific North America Africa and ME 15 Metso Outotec leadership team Extended Metso Outotec Executive Team Metso Outotec Executive Team CEO Pekka Vauramo CFO Legal & Compliance Eeva Sipilä Nina Kiviranta HR Carita Himberg * Business development Interim Hannele Järvistö Piia Karhu Services Aggregates Minerals Metals Recycling Consumables Markku Markku Simula Stephan Kirsch Jari Ålgars Uffe Hansen Sami Takaluoma Teräsvasara Market Areas * Starting latest by the end of the year. 16 Metso Outotec for aggregates industry Our offering Customer benefits • Crushers, screens and feeders • Best cost, best availability, easy-to- buy, and easy-to-own solutions • Mobile and portable machines and plants • Range of brands and solutions that cover needs from essential to high- • Stationary crushing and screening performance: Metso, McCloskey, plant systems Jonsson & Söner, Shaorui, Liugong • Spares, upgrades, and wear parts Metso • Professional services: Installation, • Environmentally friendly and low- inspections, plant audit, noise, low-dust solutions for urban maintenance, shutdowns, environments optimization Our customers • Timely and reliable expert service • Life cycle services and performance and parts near customers through Large international companies as well solutions our own and distributors' networks as numerous smaller and local ones in aggregates industry 17 Aggregates: unparalleled offering for crushing and screening Lokotrack ® Cone and jaw crushers World-leading offering in Urban™ series crushing Community-friendly crushing plants with advanced noise and dust protection – incl electric and hybrid Life Cycle Services and financing services Service models that make leasing and investing simple and optimize Simulation tools total cost of ownership Tools that help simulate performance for a wide range of rocks and applications – and find the optimal solutions my.metso.com
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