Valmet Leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries

Transcription

1 Valmet Leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries

2 Valmet - Summary Unique offering with process technology, automation and services for pulp, paper and energy industries 12,000 professionals serving global customer base Net sales EUR 2.9 billion Almost half of the sales from stable Services and Automation businesses Increasing demand of tissue, board, pulp and energy creates long-term growth possibilities Our vision is to become the global champion in serving our customers 2 April, 2016 Valmet

3 Technology leader with unique offering Acquisition of Automation strengthened Valmet s offering Leading the field Cost-competitive, focused solutions in Paper New service concepts 11 OptiConcept M machines sold Constant flow of spearhead products Fit-for-purpose product offering 6 Advantage NTT machines sold Integration with customer operations Complete pulp mill delivery capability State-of-the-art technology for all types of pulps Customer Comprehensive offering for energy customers Solutions for demanding fuels A forerunner in Industrial Internet Serving our customers with intelligent technology, automation and services locally and remotely Enhancing mobility and introducing even more advanced automation technologies and embedded diagnostics Strong focus on customer benefits 3 April, 2016 Valmet

4 Net sales split in 2015 Stable business net sales EUR 1.4 billion Orders received EUR 2,878 million Net sales EUR 2,928 million Net sales by business line 23% 38% Net sales by area 13% 21% 10% EBITA before NRI 1 EUR 182 million 11% EBITA margin (before NRI 1 ) 6.2% 31% 8% 45% Employees 12,306 1) NRI = non-recurring items Stable business = Services and Automation business lines Capital business = Pulp and Energy, and Paper business lines Services Automation Pulp and Energy Paper North America South America EMEA China Asia-Pacific 4 April, 2016 Valmet

5 Valmet s development Orders received (EUR million) 1 Net sales (EUR million) 1 EBITA (before non-recurring items, EUR million) 1 EBITA margin (before non-recurring items, %) % % 7% 6% 5% 4% 3% 2% 1% EBITA (bef. NRI) target 6 9% 2,1% 4,3% 6,2% % Capital business Stable business Capital business Stable business EBITA (bef. NRI) EBITA (bef. NRI) margin 1) 2013 figures on carve-out basis Stable business = Services and Automation business lines Capital business = Pulp and Energy, and Paper business lines 5 April, 2016 Valmet

6 We are committed to moving our customers performance forward through Customer excellence We serve our customers with our full offering combining process technology, automation and services. Technological leadership We develop innovative new solutions which create new customer revenue streams. Process excellence We operate with efficient and harmonized processes with continuous improvement of quality and health & safety. Winning team We have engaged and performance driven teams with globally balanced competences close to customers.

7 Strong, global presence - a good platform for growth 100 service centers, 86 sales offices, 34 production units, 16 R&D centers North America 17 service centers 7 production units 8 sales offices China 8 service centers 6 production units 3 sales offices > 1,300 1 > 1,900 1 South America 3 service centers 2 production units 5 sales offices > EMEA 16 R&D centers 63 service centers 21 production units 54 sales offices > 7,700 1 Asia-Pacific 10 service centers 16 sales offices > ) As of Dec 31, April, 2016 Valmet

8 and in EMEA local presence with 63 service, production and sales units Bilbao Darwen, Haslingden, Partington, Warrington Basingstoke Kauttua, Pori, Raisio, Tampere, Turku, Valkeakoski, Ulvila Juankoski, Jyväskylä, Varkaus Espoo, Inkeroinen, Borlänge, Gävle, Gothenburg, Hagfors, Järvenpää, Vantaa Karlstad, Solna, Sundsvall Bunschoten Leverkusen Bordeaux, Cernay, Nanterre Lier Dörpen Oberhaching, Pfungstadt, Plattling Magdeburg Copenhagen Vienna Tallinn Gliwice, Lodz, Warsaw Paskov, Prague, Steti St. Petersburg Moscow Surgut Lisbon, Ovar Madrid, Zaragoza Como, Gorizia, Milano, Pescia Istanbul, Mount Edgecombe (Durban) 8 April, 2016 Valmet

9 Talent development through training 17 hours of training on average for each Valmet employee in 2015 Areas of training 2,2 % 2,0 % 6,1 % 4,9 % 28,9 % 7,6 % 15,2 % 17,1 % 16,0 % HSE Management and Leadership Communications Customer-Related skills IT Valmet Fundamentals Technology Quality Finance 9 April, 2016 Valmet

10 Global customer base Pulp Paper Energy Process 80% of Process Automation Systems sales to Valmet s current customer industries Valmet is a registered trademark of Valmet Corporation. Other trademarks appearing here are trademarks of their respective owners. 10 April, 2016 Valmet

11 Process technology, services and automation Valmet s unique offering differentiates the company from its competitors Processtechnology Customer Services Automation 11 April, 2016 Valmet

12 Our unique offering ensures right solutions for every customer need Performance optimization Engineering Equipment, operations and process benchmarking Installation Technology support Training Customer Technical support Commissioning Condition monitoring Maintenance operations Workshop services Maintenance management 12 April, 2016 Valmet

13 Customers sustainability needs - driving Valmet s sustainability work INTERNAL Safe processes, technologies and services Improved process efficiency Lower raw materials and fresh water consumption Lower energy consumption Less chemicals Increased recycling Utilization of renewable energy Increased fuel flexibility Reduced sustainability risks in supply chain Compliance with regulations Emissions reduction Improved sustainability image 13 April, 2016 Valmet

14 Significant, customer focused reasearch and development work Focus areas Advanced and competitive technologies and services Raw material, water and energy efficiency Promotion of renewable materials 16 Research and development centers EUR 59 million investment in R&D year Protected inventions 14 April, 2016 Valmet

15 Customer driven research and development Right expertise and technologies Expertise from furnish preparation to paper, tissue and baseboard making, sizing, coating, calendering, reeling, winding and wrapping. Expertise in combustion with various fuel mixes. Extensive set of pilot facilities The world s most comprehensive offering of testing and piloting facilities and services to manufacturers of pulp, paper, board and tissue as well as to energy producers worldwide. Innovations to move our customers performance forward We introduce new products and services continuously to meet our customers needs. 15 April, 2016 Valmet

16 Expertise in R&D for the whole offering R&D work enhanced with piloting capabilities Fiber Technology Mechanical pulping, recycled fiber, stock preparation Pulp drying Paper and Board Technology Two pilot paper machines from headbox to drying Coating, sizing, calendering Winding, reeling Runnability Energy Technology Fuel testing for challenging and new fuels Combustibility & corrosion studies Laboratory and analysis services 16 April, 2016 Valmet

17 Extensive set of piloting facilities Fiberline and Biotechnology Center Sundsvall Cooking and Biotechnology Center Karlstad Tissue Technology Center Karlstad Evaporator Technology Gothenburg Cutter Technology Pori Air Systems Technology Raisio Filter Fabrics R&D Center Ovar Energy and Biotechnology R&D Center Tampere Automation R&D Center Tampere Fabrics R&D Center Tampere Automation R&D Center Kajaani Fabrics R&D Center Juankoski Paper and Board Technology Jyväskylä Polymer and Hard Coating R&D Center Jyväskylä Fiber Technology Inkeroinen Finishing Technology Järvenpää 17 April, 2016 Valmet

18 Recent innovations for paper and board making Foam Forming Saving energy and raw materials Aqua Layering headbox Two-layer sheet with very good layer coverage using only one headbox Curtain coating Flexible multilayer coating for thin functional layers Aqua cooling calendering For more lightweight board, without compromising functional and visual properties 18 April, 2016 Valmet

19 Foam forming For more sustainable papermaking Foam forming Improves the formation Makes the sheet bulkier Benefits Raw materials savings Increased bulk means products that are lighter but have the same strength Opportunities for special papers & non-woven New products with synthetic fibers Status Pilot trials at Valmet Technology Center ongoing 1 st production scale demo started up 11/ April, 2016 Valmet

20 Aqua layering technology Estimated savings per 100,000 t of containerboard production Unique technology that uses a thin layer of water as a headbox wedge to stabilize the layers and to form an even film while layers of stratified paper are being joined together. Case: Dong Il Wolsan PM 1 wet end rebuild 30% less starch needed with new Aqua layering technology 20 April, 2016 Valmet

21 Multilayer curtain coating Each coating layer can be adjusted to desired function and cost Functional coating layer possibility Printability Barrier layers, e.g. for the food industry Coverage Possibility for both thin and thick coating layers Different function for each layer Case: Cartones Ponderosa PM 1, Mexico Our customers are asking for better printability, which means better surface uniformity. We also needed to be more cost competitive while maintaining a good balance with quality. New coat weight split and coating formulation Total coat weight decreased by 4 g/m 2 Annual savings more than USD 3 million Further opportunities to reduce white fibers 21 April, 2016 Valmet

22 Aqua cooling calendering Potential to reduce the amount of raw materials by 2 4% Water spray Air impingement Hot/Hard calendering Case: First experiences at Stora Enso Ingerois BM 4 The new aqua cooling technology enables developing and optimizing the machine's operating method to achieve bulk saving potential. This brings significant energy and raw material savings throughout the value chain of the product. Taisto Nevalainen, Mill Director Stora Enso Ingerois Mill 22 April, 2016 Valmet

23 One of the world s sustainability leaders Valmet s values, Code of Conduct and selected globally acknowledged principles guide our operations Our Sustainability Agenda has concrete targets and actions We are included in Dow Jones World Sustainability Index already for the second consecutive year Sustainability Agenda focus areas Sustainable supply chain Health, safety and environment People and performance Sustainable solutions Corporate citizenship 23 April, 2016 Valmet

24 Results: Excellence in processes Occupational safety, quality and procurement savings has developed well Occupational safety has improved year 2015 was safest ever Savings in procurement are ahead of targets Quality costs have decreased according to plan 10,1 8,3 6,4 5,5 3, Tapaturmataajuus (LTIF) Lost time incident frequency (LTIF) Savings target Actual savings Procurement savings target EUR million Quality costs % of net sales 24 April, 2016 Valmet

25 We are committed to moving our customers performance forward through Customer excellence We serve our customers with our full offering combining process technology, automation and services. Technological leadership We develop innovative new solutions which create new customer revenue streams. Process excellence We operate with efficient and harmonized processes with continuous improvement of quality and health & safety. Winning team We have engaged and performance driven teams with globally balanced competences close to customers.

26 Recent developments and references in pulping Bertel Karlstedt President, Pulp and Energy Business Line

27 Customers sustainability needs - driving Valmet s sustainability work Safe processes, technologies and services Improved process efficiency Lower raw materials and fresh water consumption Lower energy consumption Less chemicals Increased recycling Utilization of renewable energy Increased fuel flexibility Reduced sustainability risks in supply chain Compliance with regulations Emissions reduction Improved sustainability image 27 April, 2016 Valmet

28 We know biomass processing and offer sustainable environmentally sound solutions Pulp and Fiber processing 200 woodhandling systems 470 cooking systems 300 complete fiberlines 400 evaporation systems 350 recovery islands Paper, board and tissue making 900 paper machines 700 board machines 180 tissue machines 200 mechanical pulping lines Heat and Power generation 270 fluidized bed boilers 120 BioGrate boilers 400 Environmental protection systems / Air emission control Biotechnologies Gasification Pyrolysis LignoBoost Prehydrolysis of biomass Services 5,000 on-site projects annually Close to 400 service agreements Over 100 service locations globally 5000 service professionals Automation Thousands of automation systems One automation platform for all controls A big number of Remote Connections SPCI_2016

29 Valmet fiberline SPCI_2016

30 Valmet fiberline for flexible pulp making Best available technology for continuous production of high quality pulp Sustainable processes with built-in safety and usability Efficient use of raw materials and high energy efficiency Reliable technology SPCI_2016

31 New pulp cooking system New cooking process on polysulfide to optimize yield The new polysulfide system is a perfect match to further increase the yield in Valmet s CompactCooking system Lower production cost and stronger softwood pulp adapted for packaging grade paper and board Raw material savings SPCI_2016

32 Top quality dissolving wood pulp from modern mills Viscose, rayon and modal Textiles all made from dissolving pulp Leadership in dissolving technology for both high end and standard grade, proven in the latest brown field cooking and fiberline references Unique prehydrolysis cooking concept offers the most economical way of producing dissolving pulp Valmet s cooking process gives an opportunity for the mill to flexibly select the production grade as they see best Valmet s cooking technology gives the opportunity to produce stable, high-quality dissolving wood pulp everyday Did you know that your clothes are made from wood-based raw materials? SPCI_2016

33 Bleach Plant Effluent Volume (m 3 /ADt) Bleach Plant Effluent Volumes Selected Pulp Mills Worldwide Valmet press based bleach plants May, 2016 Valmet HD / Bleach Plant Effluent

34 Valmet fiberline for flexible pulp making Best available technology for continuous production of high quality pulp Sustainability Raw material and energy efficiency Reliability 10 30% less energy, water and chemicals compared efficiency raw material and reliability yield to average 10.5 million m³ less water needed To produce one million tonnes of pulp Up to High availability 54% through proven Worldclass in sustainability, state-of-the-art technology Maximized power supply to the grid +545 GWh per million tonnes of produced pulp Integrated automation & remote connections Global service network SPCI_2016

35 New value streams through biotechnology solutions

36 Our traditional business, Pulp & Energy, forms a sound foundation for our growth Pulp Mills Number one in chemical pulping Decades of experience and references in wood handling systems, cooking systems, complete fiber lines, evaporation systems and recovery islands as well as odor control Heat and Power Generation Largest boiler and plant supplier in biomass and waste sector Extensive experience in fluidized bed boilers, BioGrate boilers and air emission control systems Proven Solutions for Industry Waste Agricultural residues Wood Energy crops Recycled paper Environmental Solutions Air emission control Biofuels Gaseous fuels Liquid fuels Solid fuels Bio-based chemicals & materials Monomers and polymers Composites Fine and specialty chemicals SPCI_2016

37 Valmet s biomass conversion technologies Penetrating the market in steps through references LignoBoost system for extracting lignin from kraft black liquor Solutions for prehydrolysis of biomass to sugars and lignin for further refining to fuels or chemicals Complete production lines for steam exploded black pellets and revamps of existing white pellet plants Pyrolysis solutions for bio-oil production CFB gasification technologies for biomass and waste gasification Facts Commercial scale lignin separation installations in operation since 2013 Several prehydrolysis pilot scale deliveries. First demonstration scale plant in operation in Commercial scale being offered. Bio-oil pilot production since 2009, first demonstration scale plant in operation in 2013 Commercial scale gasification of biomass and waste since 2011 Results New revenue streams for pulp mills and biomass power plants Reduction of emissions From fossil fuels to utilization of sorted waste and biomass Alternative renewable fuels SPCI_2016

38 Supported by Industrial Internet

39 Valmet is a frontrunner in Industrial Internet Valmet remote solutions up and running since early 2000 Significant performance improvements for our customers is today achieved through our industrial internet We are further strengthening the utilization of industrial internet by: Providing expertise globally using remote technologies Utilizing and developing our unique automation technology and innovations Developing the next generation of analytics and services SPCI_2016 Some images designed by freepic.com

40 Today, customers are extensively utilizing our Industrial Internet capabilities Valmet s competence network Customer s process Valmet s remote center Ongoing Valmet-supplied lines with Valmet DCS , Condition Monitoring (CM) references with over I/O tags Advanced process control installations Online connections with customers Performance agreements with remote connections Co-creation of advanced analytics with customers SPCI_2016

41 Recent customer highlights

42 The heart of the Södra Cell Mörrum delivery Horizontal heavy-duty Camura HGS chipper Superior chip quality Optimal thickness Minimum amount of fines, pins, overthick and oversize fractions High capactiy Even log feed rate Wide infeed spout Large number of knives. Excellent durability More than 2,000 heavy duty chippers have been supplied to date, which is half of the entire number of disc chippers for the fiber processing industry worldwide SPCI_2016

43 Major pulp mill expansion Södra Cell s Värö pulp mill Over EUR 400 million investment Production capacity increase from 425,000 to 700,000 tonnes per year Södra Cell s Värö pulp mill Varberg, Sweden Valmet delivers major rebuild and some new equipment New cooking plant and upgrades of wood handling, fiber line, evaporation plant, recovery boiler, recausticizing, flash dryer, pulp dryer and baling. Earlier also new lime kiln technology implemented at the mill by Valmet Work proceeding according to schedule all upgrades planned to be completed in Q3/2016 Photo: Ola Åkeborn / Södra SPCI_2016

44 Key technology to bioproduct mill New bioproduct mill with 1.3 million tonnes pulp production EUR 1.2 billion investment is the largest investment of the forest industry in Finland Metsä Fibre, Äänekoski, bioproduct mill Finland Valmet delivers key technology Recovery boiler, pulp drying line, gasification plant, lime kiln and a mill wide Valmet DNA automation system Production at the new mill is scheduled to begin during the third quarter of 2017 Maximized bioenergy utilization Lime kiln fueled by biogas from gasification plant High power features in recovery boiler mill is able to sell more bioelectricity to the market compared to own consumption Photo: Metsä Group illustration of the new bioproduct mill SPCI_2016

45 Major pulp mill expansion SCA Graphic Sundsvall AB, Östrand Production capacity increase from 430,000 to 900,000 tonnes per year SCA Graphic Sundsvall AB, Östrand, Sweden Valmet delivered technology Compact Cooking G2 TwinRoll press based fiber line for both ECF and TCF pulp production Evaporation plant with a capacity of 1,150 tonnes of evaporated water per hour The total package is optimized for superior water and energy efficiency Start-up May SPCI_2016

46 New cooking plant and fiberline Sappi Ngodwana, South Africa 210,000 adt/a DWP plant Sappi Ngodwana, South Africa Very quick and smooth start-up Produced high-quality product immediately, the new fiberline produced in-spec product within 72 hours of first chip feed Produced 97% A-grade product for first year of operation The Dissolving process is proven robust and allows good control over product quality Start-up SPCI_2016

47 Customers sustainability needs - driving Valmet s sustainability work Safe processes, technologies and services Improved process efficiency Lower raw materials and fresh water consumption Lower energy consumption Less chemicals Increased recycling Utilization of renewable energy Increased fuel flexibility Reduced sustainability risks in supply chain Compliance with regulations Emissions reduction Improved sustainability image 47 April, 2016 Valmet

48 Valmet pulp mill is the most sustainable choice High material yield More pulp & new value streams Total steam economy Maximized power to the grid Quality, of product and operations Integrated process technology, automation & remote support and services Sustainability Lower maintenance cost Lower water consumption Lower effluent volume SPCI_2016

49