Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — FY2013 Earnings Presentation

19 slides from Vaisala Oyj Class A's earnings presentation, Feb 10, 2014

  1. Slide 1: Financial Results 2013

    Financial Results 2013 Vaisala Corporation February 10, 2014

  2. Slide 2: Overview of Q4/2013

    Overview of Q4/2013  Orders received EUR 82.7 (66.1) million, +25%  Order book EUR 122.0 (105.6) million, +16%  Net sales EUR 80.5 (89.7) million, -10%  At comparable exchange rates the net sales would have decreased by 7%  Operating profit EUR 3.1 (12.4) million, -75%  Cash flow from business

  3. Slide 3: Overview of 2013

    Overview of 2013  Orders received: EUR 282.9 (264.7) million, +7%  Net sales EUR 273.2 (293.3) million, -7%  At comparable exchange rates the net sales would have decreased by 4%  Operating profit EUR 18.1 (30.2) million, -40%  Impairment charges of EUR 4.3 million  Gain from product line dive

  4. Slide 4: Orders, Net Sales and Order Book

    Orders, Net Sales and Order Book 100.0 80.0 60.0 40.0 20.0 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 Orders 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 58.7 65.6 76.0 82.7 Net sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 65.2 61.9 80.5  In

  5. Slide 5: Orders, Net Sales and Order Book

    Orders, Net Sales and Order Book 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 Orders 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 58.7 65.6 76.0 82.7 Net sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 65.2 61

  6. Slide 6: Performance by Quarter

    Performance by Quarter 100 60% MEUR 45% 75 30% 50 15% 25 0% Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Net sales Gross margin % Operating profit % EUR million Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Net sales 58.8 75.3 69.6 89.7 65.6 65.2 61.9 80.5 Cost of sales 29.2 36.

  7. Slide 7: Operating Profit by Quarter

    Operating Profit by Quarter 40 MEUR 30 20 10 0 -10 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q4 16 15 20 16 14 7 12 13 12 3 Q3 4 7 9 5 9 5 -6 1 5 5 Q2 6 8 9 9 12 0 0 2 11 5 Q1 2 2 2 7 3 -3 -5 -1 1 5 Full Year 29 32 39 36 38 9 1 15 30 18 Page 7 / February 10, 2014 / ©Vaisala

  8. Slide 8: 2013 Net Sales by Regions

    2013 Net Sales by Regions MEUR 2013 107.8 98.6 66.9 Change 2012 -1% -8% -13% 2013 Share of Net 39% 36% 24% Sales Page 8 / February 10, 2014 / ©Vaisala

  9. Slide 9: Net Sales by Business Area 2013

    Net Sales by Business Area 2013 Controlled Weather Environment 27% EUR 200.0 EUR 73.2 (218.0) million (75.3) million 73% Page 9 / February 10, 2014 / ©Vaisala

  10. Slide 10: Net Sales by Business Areas (MEUR)

    Net Sales by Business Areas (MEUR) 2013 2012 Weather Products 97.3 99.7 Delivery projects 70.0 84.2 Services 32.7 34.1 Controlled Environment Products 64.2 67.0 Services 9.0 8.2 Sales, elimination and others 0.1 0.0 TOTAL VAISALA NET SALES 273.2 293.3 Page 10 / February 10, 2014 / ©Vaisala

  11. Slide 11: Weather in 2013

    Weather in 2013  Net sales EUR 200.0 (218.0) million, -8%  At comparable exchange rates net sales would have decreased by 6%  Purchase volume of governmental customers decreased  Sales to Meteorology, Airports and New Weather Markets increased  Orders received EUR 208.3 (189.0) million, +10% 

  12. Slide 12: Controlled Environment in 2013

    Controlled Environment in 2013  Net sales EUR 73.2 (75.3) million, -3%  At comparable exchange rates net sales would have increased by 2%  Sales to both Life Science and Targeted Industrial Applications decreased  Net sales stable in EMEA but decreased in Americas and APAC, net sales to China wa

  13. Slide 13: Research and Development Costs 2013

    Research and Development Costs 2013 35  R&D expenses EUR 30 28.9 (28.0) million, 10.6% (9.5%) of net 25 sales  Weather 11.2% 20 (10.0%) of net sales 15  Controlled Environment 8.9% 10 (8.2%) of net sales 5 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 R&D costs (MEUR) %

  14. Slide 14: Key Ratios 2013

    Key Ratios 2013 2013 2012 Number of shares traded (kpcs) 2,877 1,019 Earnings per share (EUR) 0.60 1.20 Cash flow from operating activities per share (EUR) 1.55 2.66 Solvency ratio 72% 75% Gross capital expenditure (MEUR) 7.1 5.4 Average personnel 1,485 1,422 Page 14 / February 10, 2014 / ©Vaisala

  15. Slide 15: Vaisala Group ROE %

    Vaisala Group ROE % 15% 10% 5% 0% -5% -10% Q2/2010 Q4/2010 Q2/2011 Q4/2011 Q2/2012 Q4/2012 Q2/2013 Q4/2013 Page 15 / February 10, 2014 / ©Vaisala

  16. Slide 16: Market Outlook

    Market Outlook  Vaisala expects that signs of economic recovery will gradually revive weather and industrial measurement solution market, normally expressing post-cyclical behavior. Vaisala’s improved order backlog also indicates slight improvement in market conditions. However, outlook still varie

  17. Slide 17: Business Outlook 2014

    Business Outlook 2014  Vaisala estimates its full year 2014 net sales to be in the range of EUR 290–320 million and the operating profit (EBIT) in the range of EUR 20–30 million.  In January-December 2013, Vaisala’s net sales were EUR 273.2 million and operating profit (EBIT) was EUR 18.1 million.

  18. Slide 18: Next Report

    Next Report  Vaisala will publish its Q1/2014 results bulletin on Thursday, April 24, 2014 at approximately 2:00 p.m. Finnish time. Page 18 / February 10, 2014 / ©Vaisala

  19. Slide 19: Slide 19

Vaisala — FY2013 Earnings Presentation on 6ix