Metso's Q2 2013 highlights include: - Order intake was EUR 1,883 million, up 9% year-over-year. Net sales totaled EUR 1,756 million, down 7%. - EBITA before non-recurring items was EUR 142 million, down from EUR 178 million in Q2 2012. - Services business remained solid but capital expenditure-related services saw a slowdown. - Cost saving initiatives will continue across business areas to improve profitability. - The demerger process to separate Metso into two companies has progressed on schedule.

1. © Metso
Matti Kähkönen, President and CEO
Harri Nikunen,CFO
July 25, 2013

2. © Metso© Metso
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

3. © Metso© Metso
1. Quarterly highlights
2. Strategic priorities
3. Financial performance
4. Outlook and guidance
Presentation contents
3

4. © Metso
Q2/2013 Highlights
Matti Kähkönen
President and CEO

5. © Metso© Metso
• Order intake was EUR 1,883 million (EUR 1,735 million)
• Net sales totaled EUR 1,756 million (EUR 1,897 million);
book-to-bill was 1.07
• Services business was solid; slow-down seen in capex-
related services
• EBITA before non-recurring items was EUR 142 million
(EUR 178 million) and EBITA margin was 8.1% (9.4%),
decline was mainly due to volume
• Non-recurring expenses totaled EUR 33 million
• Cost saving initiatives will continue in Pulp, Paper and
Power and also in Mining and Construction
• Demerger has progressed according to plan
Q2 highlights
Good results in a challenging market environment
5

6. © Metso© Metso
Order intake
6
• Orders were 9% higher compared to Q2/2012
• CMPC Guaíba pulp mill expansion was the biggest order
• Flow Control up 12%
• Services remained at Q2/2012 level
942 1,020 1,031
1,365 1,366
1,671
1,410 1,498
1,847
2,883
1,918
1,313
1,920
1,735
1,511
1,699
1,584
1,883
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013
EUR million
Servicesordersreceived Capital orders received
4,358
5,944
7,961
6,865
3,467
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
FY FY FY FY Q1-Q2
2009 2010 2011 2012 2013

7. © Metso© Metso
Net sales
7
• Net sales declined 7% year-on-year
• Equipment and project sales were lower at 11%
• Services were down 2% (up 1% with comparable exchange rates)
1,2201,247 1,196
1,353
1,170
1,370 1,325
1,687
1,444
1,567 1,561
2,074
1,755
1,897
1,754
2,098
1,590
1,756
0
500
1,000
1,500
2,000
2,500
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013
EUR million
Servicesnetsales Capital net sales
5,016
5,552
6,646
7,504
3,346
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
FY FY FY FY Q1-Q2
2009 2010 2011 2012 2013

8. © Metso© Metso
92 85
134
88 88
125 128
150
124
140
163
202
141
178 171
197
131 142
7.5
6.8
11.2
6.5
7.5
9.1
9.7
8.9 8.6
8.9
10.4
9.7
8.0
9.4
9.8
9.4
8.3 8.1
0
2
4
6
8
10
12
14
0
50
100
150
200
250
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013
%EUR million
EBITA * EBITA-% *
* Before non-recurring items
EBITA* development
8
Q2/2013 Q2/2012 Target range
Mining and Construction 12.1% 12.5% 10-15%
Automation 13.8% 13.1% 11-16%
Pulp, Paper and Power 3.8% 6.3% 6-9%
Metso total 8.1% 9.4%
Services improved, capital business impacted by lower
volume
FC and services improved, Process Automation weakened
Lower volume and margins in capital businesses, services
remained good
399
491
628
688
274
8.0
8.8
9.5 9.2
8.2
0
2
4
6
8
10
12
14
0
100
200
300
400
500
600
700
FY FY FY FY Q1-Q2
2009 2010 2011 2012 2013
%
EBITA * EBITA-% *

9. © Metso© Metso
• Some destocking and less services
linked to customers’ capex
• Opex-driven business continued to grow
• Profitability has developed well
• Value of the non-booked services
contracts amounts to EUR 450 million
Services business development
9
Orders by type Q2/2013 Services orders by segment
Rolling 12-month net sales
Strategic
priority #1
1,000
1,500
2,000
2,500
3,000
3,500
Q1
2007
Q3 Q1
2008
Q3 Q1
2009
Q3 Q1
2010
Q3 Q1
2011
Q3 Q1
2012
Q3 Q1
2013
EUR million
Services netsales, rolling 12 months
812 806
1,693 1,679
0
400
800
1,200
1,600
2,000
Q2 2012 Q2 2013 Q1-Q2/2012 Q1-Q2/2013
EUR million
Mining and Construction Automation Pulp,Paper and Power
44%
56%
Servicesbusiness
Productand project
business

10. © Metso© Metso
Country Q1-Q2/2013 Q1-Q2/2012 Change %
Brazil 572 289 98
China 322 326 -1
Russia 137 129 6
Chile 121 113 7
Mexico 97 62 57
India 74 144 -49
South Africa 64 75 -14
Thailand 61 18 239
Indonesia 48 41 18
Turkey 39 101 -61
• MAC orders grew in China and Mexico,
declined in Brazil and India
• Automation orders grew in China and
Indonesia, declined in Brazil and India
• PPP orders grew in Brazil, Thailand and
Mexico, declined in China
Emerging markets
10
Order intake in emerging markets Order intake in top 10 growth
countries (EUR million)
Services order intake in emerging markets
Strategic
priority #2
0
1,000
2,000
3,000
4,000
5,000
Q1
2008
Q3
2008
Q1
2009
Q3
2009
Q1
2010
Q3
2010
Q1
2011
Q3
2011
Q1
2012
Q3
2012
Q1
2013
EUR million
Order intake in EM, rolling 12 months
0
400
800
1,200
1,600
Q1
2008
Q3
2008
Q1
2009
Q3
2009
Q1
2010
Q3
2010
Q1
2011
Q3
2011
Q1
2012
Q3
2012
Q1
2013
EUR million
Servicesorder intake in EM, rolling 12 months

11. © Metso© Metso
• Equipment and project orders have
declined due to mining companies’
weaker investment appetite
• Order intake consists of normal small-
size orders
• Good activity in opex-related and life-
cycle services business
Mining business
11
Mining order intake Q2/2013 mining orders
by market area
Mining order backlog
Strategic
priority #3
0
200
400
600
800
1,000
1,200
Q2
2009
Q4
2009
Q2
2010
Q4
2010
Q2
2011
Q4
2011
Q2
2012
Q4
2012
Q2
2013
EUR million
Mining, services Mining, capital Exceptionally large orders
0
400
800
1,200
1,600
2,000
Q2
2009
Q4
2009
Q2
2010
Q4
2010
Q2
2011
Q4
2011
Q2
2012
Q4
2012
Q2
2013
EUR million
Servicesbacklog Capital backlog
45%
11%
21%
23%
EMEA North America South and Central America AsiaPacific

12. Financial performance
Harri Nikunen, CFO

13. © Metso© Metso
Group key figures
* Before non-recurring items
** Includes non-recurring expensess of EUR 33 million for Q2/2013 and
36 million for FY 2012
*** Annualised
EUR million Q2/2013 Q2/2012 Change %
Q1-Q2
/2013
Q1-Q2
/2012 Change % 2012
Orders received 1,883 1,735 9 3,467 3,655 -5 6,865
Services orders received 806 812 -1 1,679 1,693 -1 3,264
Net sales 1,756 1,897 -7 3,346 3,652 -8 7,504
Services net sales 780 795 -2 1,507 1,516 -1 3,174
% of net sales 46 43 46 43 44
EBITA * 142.2 178.2 -20 273.7 319.4 -14 687.5
% of net sales 8.1 9.4 8.2 8.7 9.2
EBIT ** 97.0 164.7 -41 216.2 293.7 -26 601.7
Earnings per share, EUR 0.34 0.69 0.82 1.25 2.46
Return on equity
(ROE), % ***
11.6 18.4 17.3
Return on capital employed
(ROCE) before taxes, % ***
13.6 19.7 19.7
Free cash flow -20 -46 57 54 70 -23 257
Cash conversion, % 44 37 70
Gearing at the end of the
period, %
27.4 22.6 14.2
13

14. © Metso© Metso
Mining and Construction key figures
14
* Before non-recurring items
** Excluding cash and other non-operative balance sheet items,
annualised
EUR million Q2/2013 Q2/2012 Change %
Q1-Q2
/2013
Q1-Q2
/2012 Change % 2012
Orders received 743 891 -17 1,529 1,855 -18 3,436
Services orders received 412 429 -4 883 906 -3 1,771
Net sales 800 899 -11 1,544 1,686 -8 3,492
Services net sales 410 428 -4 793 816 -3 1,692
% of net sales 51 48 51 48 48
EBITA * 96.5 112.6 -14 187.7 194.7 -4 419.9
% of net sales 12.1 12.5 12.2 11.5 12.0
Return on capital
employed **
23.0 28.9 28.9
Q2/2013 vs. Q2/2012
• Decline in order intake reflects slow-down of new investments
• Strongest impact on EBITA came from lower volumes in the capital business
• Gross margins improved in all businesses
• Q2/2013 included a customer-related provision of EUR 4 million

15. © Metso© Metso
Mining and Construction
Rolling 12-month net sales
15 * Before non recurring items
0
2
4
6
8
10
12
14
16
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013
%EUR million
Servicesnetsales, rolling 12 months Capital net sales, rolling 12 months EBITA-% * before non-recurringitems, rolling 12 months
EBITA* target range

16. © Metso© Metso
Automation key figures
16
* Before non-recurring items
** Excluding cash and other non-operative balance sheet items
• Click to edit Master text styles
- Second level
• Third level
Q2/2013 vs. Q2/2012
• Order intake was good with book-to-bill of 1.15
• Net sales declined in the capital businesses (timing of backlog deliveries); services
were at Q2/2012 level
• Positive gross margin and EBITA margin development
EUR million Q2/2013 Q2/2012 Change %
Q1-Q2
/2013
Q1-Q2
/2012 Change % 2012
Orders received 239 225 6 493 449 10 845
Services orders received 110 97 13 228 201 13 382
Net sales 207 232 -11 391 414 -6 859
Services net sales 97 97 0 180 180 0 380
% of net sales 46 42 46 43 44
EBITA * 28.5 30.5 -7 44.6 41.6 7 101.2
% of net sales 13.8 13.1 11.4 10.0 11.8
Return on capital
employed **
28.8 27.5 31.8

17. © Metso© Metso
Automation
Rolling 12-month net sales
17 * Before non-recurring items
0
2
4
6
8
10
12
14
16
18
0
100
200
300
400
500
600
700
800
900
1,000
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013
%EUR million
Servicesnetsales, rolling 12 months Capital net sales, rolling 12 months EBITA-% * before non-recurringitems, rolling 12 months
EBITA* target range

18. © Metso© Metso
Pulp, Paper and Power key figures
18
* Before non-recurring items
** Excluding cash and other non-operative balance sheet items
Q2/2013 vs. Q2/2012
• Book-to-bill was 1.2, supported by the big pulp mill order
• EBITA was impacted by lower volumes and tighter pricing environment in the capital
businesses, profitability of services remained good
• Implementation of the first phase of the cost saving program ongoing; 2nd phase
being planned
EUR million Q2/2013 Q2/2012 Change %
Q1-Q2
/2013
Q1-Q2
/2012 Change % 2012
Orders received 861 586 47 1,372 1,263 9 2,444
Services orders received 284 286 -1 568 586 -3 1,111
Net sales 714 733 -3 1,345 1,454 -7 3,014
Services net sales 274 271 1 534 521 2 1,102
% of net sales 38 37 40 36 37
EBITA * 27.2 46.1 -41 55.5 101.9 -46 203.8
% of net sales 3.8 6.3 4.1 7.0 6.8
Return on capital
employed **
9.2 28.6 23.8

19. © Metso© Metso
Pulp, Paper and Power
Rolling 12-month net sales
19 * Before non-recurring items
0
1
2
3
4
5
6
7
8
9
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013
%EUR million
Servicesnetsales, rolling 12 months Capital net sales, rolling 12 months EBITA-% * before non-recurringitems, rolling 12 months
EBITA* target range

20. © Metso© Metso
Net debt and net working capital
20
Net working capital
375
672
242 247
281
429 452 439
6.0
10.5
4.8
4.5
4.2
5.9 6.0 6.1
0
2
4
6
8
10
12
0
100
200
300
400
500
600
700
800
2007 2008 2009 2010 2011 Q2
2012
2012 Q2
2013
%EUR million
Net working capital, EUR NWC, as % of net sales
540
1,099
583
311
260
470
316
555
33.4
75.7
32.5
15.0
12.2
22.6
14.2
27.4
0
10
20
30
40
50
60
70
80
0
200
400
600
800
1,000
1,200
2007 2008 2009 2010 2011 Q2
2012
2012 Q2
2013
%EUR million
Net debt Gearing
Net debt and gearing

21. Outlook and guidance
Matti Kähkönen
President and CEO

22. © Metso© Metso
Market outlook
Uncertainties continue to impact our customer industries
22
32% of net sales
55% service intensity
 Positive for capital and services
 Satisfactory for capital business
with volatility expected to continue.
Services good.
Mining
11% of net sales
40% service intensity
 Positive in emerging markets; flat
in developed markets
 Satisfactory for equipment and
services
12% of net sales
45% service intensity
 Positive for oil & gas customers;
flat for pulp & paper
 Good in oil & gas; satisfactory in
pulp & paper. Services good.
Construction Automation
10% of net sales
30% service intensity
 Subject to the development of the
bioenergy market
 Satisfactory for projects and
services
Power
21% of net sales
50% service intensity
 Demand for board and tissue
growing; other grades flat or down
 Weak for paper and board
machines. Tissue machines and
services good.
10% of net sales
45% service intensity
 Positive, mainly due to packaging
board and tissue
 Services good. Pulp mills and
rebuilds satisfactory.
Paper, Board, Tissue Pulp
Long-term demand Short-term demand
Share of Metso’s net sales in January – June 2013

23. © Metso© Metso
Order backlog *
23 * At the end of the period
4,023
5,310
4,515
4,141
0
1,000
2,000
3,000
4,000
5,000
6,000
2010 2011 2012 Q2
2013
EUR million
Mining and Construction Automation Pulp,Paper and Power
Deliveriesin
2013
Deliveries
after 2013
Deliveriesin
2012
Deliveries
after 2012
0
1,000
2,000
3,000
4,000
5,000
6,000
Order backlogJune 30,
2012
Order backlogJune 30,
2013
EUR million
Services orders: 37% Services orders: 38%

24. © Metso© Metso
We have changed our guidance as
follows:
• Our net sales and EBITA before
non-recurring items in 2013 will be
somewhat lower compared to
2012
Previous guidance from April:
• Our EBITA before non-recurring
items will be at around 2012 levels
and our net sales will be at 2012
level or slightly below.
The estimates for our financial performance in 2013 are based on
Metso’s current market outlook, order backlog for 2013 and
foreign exchange rates in June 2013.
Updated guidance for 2013
24

25. © Metso© Metso
• The Board signed a demerger plan in late May
• EGM will make the final decision in early October
• The new parent company of the Pulp, Paper and
Power business will be named Valmet
• Pasi Laine, currently President of Pulp, Paper and
Power, was appointed Valmet’s President and CEO
• All needed waivers and consents were received from
lenders and bondholders in June
• Demerger to be completed by the end of 2013 and
listing of the Valmet shares to commence in the
beginning of 2014
Demerger update
25

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