Investor relations

This text is an extract from the Cargotec Annual report 2022. Links to the 2022 annual report can be found on this same page.

Mission and goal
Cargotec’s Investor Relations aims to ensure that all market participants have correct and sufficient information at all times to support a fair valuation of Cargotec’s share. Investor Relations is responsible for planning and executing financial and investor communications at Cargotec, and all investor requests are processed centrally through Cargotec’s Investor Relations.

The Investor Relations function prepares Cargotec’s financial statements and quarterly reviews, develops the investor website and writes stock exchange releases. It also organises roadshows, investor meetings and events, seminars, news conferences of result publications, as well as site visits, and participates in annual general meeting arrangements.

Investor Relations leads the Capital Markets Day and other IR events arrangements for investors and analysts. It also gathers and analyses market information and investor feedback to be used by Cargotec’s management and the Board of Directors.

Investor relations prepares videos, blogs, podcasts etc. about current topics, such as about interim reports or specific events. All material can be found from Cargotec website’s Investor section.

Silent period
Cargotec follows a three-week silent period prior to publication of an interim report or financial statements. During this time, Cargotec spokespersons do not comment on the company’s financial situation, market, or future outlook, hold any meetings with investors or analysts or attend any investor conferences. Before the silent periods in 2022, Cargotec hosted pre-silent calls and distributed a newsletter to the financial markets’ participants following Cargotec, which was also published on Cargotec’s webpage.

Investor relations in 2022
In 2022, we have kept up our active engagement with the financial markets. Investor and analyst meetings organised by Cargotec’s investor relations were held virtually and physically. When virtually, participants convened online via various web conferencing applications while the material was distributed virtually to meeting participants. Physical meetings were also held throughout the year in Helsinki, but also in connection with roadshows, events, seminars and site visits in Finland and abroad in the USA, UK, Canada, France, Belgium, the Netherlands, and Sweden.

In total, the Investor Relations function organised dozens of meetings in 2022. The team members hosted the meetings and many meetings were attended by Cargotec’s CEO Mika Vehviläinen or CFO Mikko Puolakka, giving insight about Cargotec as an investment to those attending the meetings. In addition, Cargotec’s Investor Relations function participated in various investor meetings organised by brokerage firms; in many cases Cargotec’s CEO or CFO was also attending these meetings.

In March, Cargotec’s Annual General Meeting was held virtually. The Annual General Meeting approved a distribution of a dividend of EUR 1.08 for each outstanding class B shares. The dividend payment day was 28 March 2022.

Later in March, Cargotec refocused its strategy for higher financial performance through sustainability and growth in profitable core businesses. Cargotec announced its refocused strategy on 30 March following the cancellation of the planned merger with Konecranes the day before. The announcement included actions, most importantly that Cargotec will focus on sustainability and growth in profitable core businesses Hiab, Kalmar Mobile Solutions and Kalmar’s horizontal transportation business, and Cargotec’s vision and breakthrough objectives, sustainability and profitable growth remain. Cargotec also initiated an evaluation of strategic options of MacGregor including a potential sale of the business, and announced an exit from Kalmar Heavy Port Cranes, both of which have now been completed.

As a highlight of the year, Cargotec’s Capital Markets Day (CMD) was held in Helsinki on 15 November. Cargotec is prepared to continue its profitable growth by solving customers’ sustainability challenges. About 30 investors and analysts participated in the event on site, hearing leadership presentations and insights about Cargotec’s core business Hiab and Kalmar prospects for the future, and the company ambitions in sustainability, service, technology and innovation. Read more about the event from Cargotec’s IR blog here.

On the next day after the CMD, 15 participants climbed on a bus and took a ride to Raisio, Western Finland, to see and hear about Hiab business area’s assembly unit activities there. The Raisio unit focuses on assembling Hiab’s world leading Multilift hooklifts, a demountables solution. Read the story at Cargotec’s IR blog.

In November, Cargotec also hosted a group of Finnish investors at Kalmar’s Technology and Competence Centre in Tampere, providing hands-on experience with Kalmar’s automation, electrification and digitalisation capabilities.

Cargotec hosted a group of investors at Kalmar customer Cabooter Group’s intermodal terminal in Venlo, NL. Key takeaways from the visit were how Kalmar and the customer work together to solve sustainability challenges, strong growth prospects of the intermodal transportation in Europe and the essential role of Kalmar services to keep its customers’ operations running 24/7.

In December, Cargotec IR function hosted the traditional Cargotec Christmas lunch meeting for analysts. The meeting was arranged again as a hybrid meeting where the participants were able to attend the meeting either in person in Helsinki, Finland, or virtually, participating in the discussion of CEO remarks over the web. Cargotec’s CEO Mika Vehviläinen and CFO Mikko Puolakka were present in the meeting with majority of analysts covering the company attending.

Cargotec’s IR function also visited Tampere, where the Pirkanmaa shareholders’ associations hosted a company introduction event on Cargotec and offered us a chance to meet with the investors and to answer questions directly. Cargotec’s refocused strategy was well received among retail investors and many of the investors were also interested about Cargotec’s strong presence in Tampere, home of Kalmar Technology & Competence Centre.

In 2022, the Investor Relations section on Cargotec’s website was in many ways the centre of investor relations activities. The related material generated during the year was collected there (not forgetting extensive material from previous years). As examples, the material includes the investor presentation (updated regularly), interim report material (videos, webcasts, transcripts, presentation materials, reports, podcasts), and AGM materials, many of which the Investor Relations team also has created.

Cargotec IR in social media
The Investor Relations team produced 24 videos in 2022. The videos presented Cargotec’s operations from many perspectives, covering interim report information and business areas, as well as strategy development during the year. At the end of 2022, the videos have been viewed about 5,000 times on Cargotec’s Youtube channel.

The Investor Relations team wrote seven blog texts in 2022, which were published on the company website www.cargotec.com. The blog topics ranged from interim report Q&A, CMD reportage, retail investor Q&A, implications of Russia’s attack on Ukraine and management remuneration policy.

Cargotec’s LinkedIn account is quite popular, with almost 47,000 people currently following the company’s activities through this channel. The number of Cargotec followers in LinkedIn increased by nearly 17 percent during the year. The IR team actively updates LinkedIn, providing updates about Cargotec and its business area events, financial releases and other topics of interest to LinkedIn users.

With the aim to continuously improve investor relations, the IR team executed several development projects during 2022. As an example, we expanded the availability of information to investors with pre-silent videos and IR Blog articles. The IR newsletter service was actively developed as well during the year.

Acknowledgements
Regi’s IR Nordic Markets 2022-study shortlisted Cargotec to top-10 list in both Best Company and Best ESG-ratings in Finland. We are proud that Cargotec was awarded the 3rd place in the Best ESG-rating. The results are based on a survey including multiple criteria, from evaluation of IR reporting, ESG-focus to the perception of top management’s communication skills and competence, collecting answers from over 800 sell-side analysts and investors predominantly based in the Nordics, the UK and the US.

Webranking by Comprend ranks yearly the corporate websites of European companies to evaluate how well they meet the needs and expectations of their stakeholders, such as analysts, investors, jobseekers, and the media. From Finland, Webranking by Comprend evaluated the web pages of the 50 largest companies, placing Cargotec as the 9th top website performer in Finland.