Munters (MTRS) Investor presentation summary

Strategic positioning and market trends

• Positioned as a global leader in energy-efficient climate solutions, serving over 45 countries with a strong presence in AirTech, Data Center Technologies (DCT), and FoodTech segments.

• Well-aligned with megatrends such as electrification, climate change, digitalization, and food security, targeting sustainable growth and innovation.

• Focused on prioritized markets and segments, leveraging unique application knowledge, proven products, and a large installed base.

• Investments in global manufacturing footprint and acquisitions support expansion and next growth wave.

• Sustainability targets include net zero Scope 1 & 2 emissions by 2030 and gender equity goals.

Financial performance and targets

• Achieved 14% average annual net sales growth and 13.6% adjusted EBITA margin over the last twelve months.

• Q1 2024 saw order intake up 32% and net sales up 11%, with strong performance across all business areas.

• Enhanced profitability driven by increased sales, price increases, and operational efficiency, with improved cash flow and reduced leverage.

• Operating working capital as a percentage of net sales remains within the 13-10% target range.

• Dividend policy targets 30-50% of net income, supporting shareholder returns.

Business area highlights

• AirTech: Stable order intake, strong growth in EMEA and Americas, especially in battery and industrial segments; margin impacted by lower volumes and increased investments.

• DCT: Significant growth in order intake and backlog, driven by strong demand from co-locators and hyperscalers in the Americas; EBITA margin rose to 19%.

• FoodTech: Dual offering in climate and digital solutions, with strong SaaS growth and increased ARR; order intake and profitability improved, especially in Americas and EMEA.