Vaisala Oyj Class A · OMXHEX:VAIAS
Vaisala Oyj Class A — Q3 2024 Earnings Presentation
17 slides from Vaisala Oyj Class A's earnings presentation, Oct 24, 2024
Slide 1: Solid Q3 with very strong orders received
Solid Q3 with very strong orders received Q3 Interim Report January–September 2024 Kai Öistämö, President and CEO 2024
Slide 2: Solid Q3 with very strong orders received
Solid Q3 with very strong orders received Net sales Order book Q3/2024 136.6 220.4 • Strong development in orders received in both business areas (130.4) MEUR +5% (Dec 31, 2023: 172.5) MEUR +28% • Solid overall performance for Weather and Environment • Net sales growth in Industrial Measurements con
Slide 3: Instruments and intelligence for climate action
Instruments and intelligence for climate action MEGATRENDS PURPOSE SUCCESS DRIVERS STRATEGIC PRIORITIES Customer understanding and application know-how Energy transition Grow in industrial Expand in energy & decarbonization measurements transition and Taking with breakthrough build recurring Product
Slide 4: Pioneering in product innovation and technology leadership
Pioneering in product innovation and technology leadership viewLinc Cloud Vaisala Compass MGP241 helps life sciences companies transforms weather-based measures CO₂ and humidity to monitor, alarm, and report on decision-making for renewable and is specifically designed to facility conditions, ensuri
Slide 5: Changes in leadership team to continue strategy execution and growth
Changes in leadership team to continue strategy execution and growth Vaisala Leadership Team as of Jan 2025 Kai Öistämö, President and CEO Girish Agarwal, Chief Digital & Information Officer Samuli Hänninen, EVP, Xweather Anne Jalkala, EVP, Weather, Energy and Environment Timo Leskinen, EVP, HR Heli
Slide 6: Financials
Financials
Slide 7: Operating result margin 17.7%
Operating result margin 17.7% • Growth of orders received very strong MEUR Net sales and EBIT% % • Order book record-high EUR 220.4 million, 160 150.8 25 up 28% compared to end of 2023 140 130.4 136.6 119.7 20 • Order book for 2024 EUR 102.6 million 120 19.3% 17.7% • Net sales increased by 5% Y/Y 10
Slide 8: Industrial Measurements: Net sales growth continued
Industrial Measurements: Net sales growth continued MEUR % • Orders received increased by 12% Y/Y 70 70.0 • Order book up by 5% compared to end of 60 56.3 57.4 53.9 2023 50.4 66.0 50 64.0% • Net sales increased by 6% Y/Y 63.1% 62.0 40 • Gross margin decreased slightly compared to previous year 30 58
Slide 9: Weather and Environment: Solid performance
Weather and Environment: Solid performance MEUR % • Orders received increased by 36% Y/Y 100 94.4 60 • Order book up by 34% compared to end of 79.2 2023 80 76.4 56 69.3 • Net sales increased by 4% Y/Y 60 53.7% • Growth driven mainly by large orders received 53.1% 52 during past quarters and growth o
Slide 10: Cash flow continued on good level
Cash flow continued on good level • Cash flow from operating activities Change in cash (MEUR) decreased to EUR 50.0 (54.2) million despite increase in net result 12.4 • Increase in net working capital 32.3 12.3 9.6 • Dividend payment of EUR 27.2 million • Early EUR 15 million prepayment regarding 42
Slide 11: Orders received increased by 11% and net sales flat Y/Y
Orders received increased by 11% and net sales flat Y/Y • Net sales and gross margin flat 1-9/2024 1-9/2023 2023 • EBIT % 13.8 (12.8) Net sales 397.1 393.0 540.4 • Operating expenses flat Y/Y Cost of goods sold -173.5 -171.4 -238.8 • EPS 1.17 (0.99) Gross profit 223.6 221.6 301.7 Operating expenses
Slide 12: Strong financial position
Strong financial position • Low leverage in the balance sheet MEUR 1-9/2024 1-9/2023 2023 • Asset light business model Equity per share 7.73 7.07 7.39 • Investment in Automated logistic Return on equity, % 20.6 19.0 18.9 center in Vantaa, Finland, progressing according to plan Solvency ratio, % 61.9
Slide 13: Market and business outlook
Market and business outlook VAISALA
Slide 14: Market outlook for 2024
Market outlook for 2024 Power and energy Growth Liquid measurements Industrial instruments Stable Life science Meteorology Aviation Roads Renewable energy Interim Report January–September 2024 Oct 24, 2024 14
Slide 15: Business outlook for 2024
Business outlook for 2024 Net sales Vaisala estimates that its full-year 2024 net sales will be in the range of EUR 540–570 million Operating result Vaisala estimates that its full-year 2024 operating result (EBIT) will be in the range of EUR 68–78 million Interim Report January–September 2024 Oct 2
Slide 16: Capital Markets Day 2024 invitation
INVITATION Capital Markets Day 2024 November 11 at 2 pm EET Helsinki and online
Slide 17: Vaisala
VAISALA