Slide 1: Excellent performance in Q3/2022
Excellent performance in Q3/2022 Interim Report January–September 2022 Kai Öistämö, President and CEO
Slide 2: Excellent performance in Q3
Excellent performance in Q3 ▪ Orders received and net sales grew strongly in both business areas ▪ Order book at record of EUR 188 million ▪ Operating result increased Y/Y Orders received Net sales 137.2 (109.9) MEUR 133.3 (111.5) MEUR +25% +20% 2 28-Oct-22 Interim Report January-September 2022
Slide 3: Q3/2022 orders received grew by 25%
Q3/2022 orders received grew by 25% MEUR Orders received 500 ▪ Increase in orders received was very 450 strong in both business areas +25% 400 ▪ Orders increased strongly in industrial 137.2 350 instruments, life science, power industry, 109.9 meteorology, and renewable energy 300 market segments 25
Slide 4: Q3/2022 order book reached new record level again
Q3/2022 order book reached new record level again MEUR Order book MEUR Order book delivery schedule 200 120 +14% ▪ Increase in industrial 180 98.4 instruments, life science, and 100 +23% 160 89.3 power industry market 85.0 segments in Industrial 140 79.8 80 Measurements 120 ▪ Increase in renewable e
Slide 5: Q3/2022 net sales grew by 20%
Q3/2022 net sales grew by 20% MEUR Net sales 500 ▪ Very strong growth in both business areas 450 ▪ Net sales grew strongly in industrial 400 +20% instruments, life science, meteorology, 350 133.3 aviation, and renewable energy market segments 300 111.5 250 200 150 100 50 0 2018 2019 2020 2021 Q3/22
Slide 6: Q3/2022 operating result increased Y/Y
Q3/2022 operating result increased Y/Y MEUR Operating result 60 ▪ Gross margin decreased to 54.7 (57.7) % due to negative impact of component spot 50 22.0 purchases 40 16.5% ▪ Component spot purchases had a 4.2 19.2 percentage point negative impact 30 ▪ This was partially offset by higher share 17.3
Slide 7: Industrial Measurements: Excellent performance continued
INDUSTRIAL MEASUREMENTS Excellent performance continued ▪ Orders received increased strongly in industrial instruments, life science and power industry market segments ▪ Order book EUR 39.1 (24.5) million, +60% MEUR Orders received 200 +30% 58.8 150 45.1 100 50 0 2018 2019 2020 2021 Q3/22 Increase 2
Slide 8: Industrial Measurements: Strong net sales growth continued
INDUSTRIAL MEASUREMENTS Strong net sales growth continued MEUR Net sales ▪ Net sales growth strong in industrial 200 instruments and life science market +22% segments 57.6 ▪ Gross margin decreased to 60.9 (64.4) % 150 ▪ Additional material costs related to 47.1 component spot purchases had a 6.3 100
Slide 9: Weather & Environment: Order book all-time high
WEATHER & ENVIRONMENT Order book all-time high ▪ Orders received increased strongly in meteorology and renewable energy market segments ▪ Order book EUR 148.6 (140.4) million MEUR Orders received 300 250 +21% 200 78.4 64.8 150 100 50 0 2018 2019 2020 2021 Q3/22 Increase 14% in constant currencies 9
Slide 10: Weather & Environment: Strong performance in net sales
WEATHER & ENVIRONMENT Strong performance in net sales MEUR Net sales ▪ Net sales growth good in meteorology, 300 aviation, and renewable energy market segments 250 +18% ▪ Gross margin decreased to 49.9 (52.9) % 200 75.7 ▪ Additional material costs related to 64.4 component spot purchases had a 2.5 1
Slide 11: 1-9/2022 financials
VAISALA 1-9/2022 financials
Slide 12: 1-9/2022 operating profit margin improved Y/Y to 13.4% of net sales
1-9/2022 operating profit margin improved Y/Y to 13.4% of net sales ▪ 1-9/2022 net sales growth 19% MEUR 1-9/2022 1-9/2021 2021 ▪ Growth in constant currencies 13% Net sales 372.6 312.9 437.9 ▪ Gross margin close to previous year’s Cost of goods sold -166.4 -137.6 -196.0 level 55.3 (56.0) % Gross pr
Slide 13: 1-9/2022 cash flow from operating activities decreased
1-9/2022 cash flow from operating activities decreased due to increase in net working capital MEUR 50 40 36.1 Cash and cash equivalents: 31.7 30.3 o End Q3/2022: 52.1 MEUR 30 23.7 o End Q4/2021: 77.9 MEUR 20 o End Q3/2021: 51.9 MEUR 10 5.5 0.9 0.8 o Net working capital increased 0 -1.6 -1.7 -10 -8.8
Slide 14: Strong financial position
Strong financial position MEUR 1-9/2022 1-9/2021 2021 Equity per share 6.86 6.04 6.36 Return on equity % 20.1 19.9 18.1 Solvency ratio % 57.8 58.2 57.2 Capital expenditure 9.6 13.9 19.2 Cash and cash equivalents 52.1 51.9 77.9 Interest-bearing liabilities 76.0 50.7 50.2 Gearing % 9.6 -0.6 -12.0 14 2
Slide 15: Market development and business outlook
Market development and business outlook
Slide 16: Market development
Market development Growth High-end industrial instruments Life science Power industry Liquid measurements Renewable energy Recovery Aviation Stable Meteorology Ground transportation 16 28-Oct-22 Interim Report January-September 2022
Slide 17: Business outlook for 2022 increased on October 14
Business outlook for 2022 increased on October 14 Net sales Vaisala estimates that its full-year 2022 net sales will be in the range of EUR 500–520 million Operating result (EBIT) Vaisala estimates that its full-year 2022 operating result (EBIT) will be in the range of EUR 62–72 million 17 28-Oct-22
Slide 18: Excellent performance in Q3
Excellent performance in Q3 ▪ Orders received and net sales grew strongly in both business areas ▪ Order book at record of EUR 188 million ▪ Operating result increased Y/Y Orders received Net sales 137.2 (109.9) MEUR 133.3 (111.5) MEUR +25% +20% 18 28-Oct-22 Interim Report January-September 2022
Slide 19: VAISALA
VAISALA