Slide 1: Excellent growth continued in second quarter
Excellent growth continued in second quarter Q2/2021 Half Year Financial Report presentation Kai Öistämö, President and CEO
Slide 2: Excellent growth continued in second quarter
Excellent growth continued in second quarter Strong profitability All-time high order book 165 MEUR Business outlook for 2021 net sales and operating result raised Orders received Net sales 120.1 (95.9) MEUR 109.5 (91.4) MEUR +25% +20% 2 23-Jul-21 Half Year Financial Report January-June 2021
Slide 3: Highlights of Q2/2021: operational excellence, recognized sustainability leadership
Highlights of Q2/2021: operational excellence, recognized sustainability leadership Operational European Ethiopia project Timo Leskinen excellence Climate Leader go-ahead new EVP, HR Successfully scaling up Vaisala scores in top of Weather observation and Leskinen joins Vaisala on delivery capabilit
Slide 4: New innovations for a sustainable planet
New innovations for a sustainable planet Renewable energy Continuous monitoring Air quality Reliability and cost- Easy use of wireless data Identification of pollutant efficiency for wind loggers with CO2 measurements, gases and particles in real assessment, also offshore improving CO2 monitoring in
Slide 5: Q2/2021 orders received increased by 25% Y/Y
Q2/2021 orders received increased by 25% Y/Y MEUR 450 Increase in both business areas 400 Increase in industrial instruments, life 350 science, meteorology and renewable energy market segments 300 250 +25% 200 120.1 95.9 150 100 50 0 2016 2017 2018 2019 2020 Q2/21 Increase 28% in constant curren
Slide 6: Q2/2021 order book increased by 14% Y/Y
Q2/2021 order book increased by 14% Y/Y MEUR Order book MEUR Order book delivery schedule 180 120 +14% Increase in all market 160 segments in Industrial 100 96.2 140 +12% Measurements 85.5 Increase in renewable energy 120 80 69.1 and meteorology market 100 segments in Weather and 59.8 60 Environ
Slide 7: Q2/2021 net sales grew by 20% Y/Y
Q2/2021 net sales grew by 20% Y/Y MEUR 450 Growth in both business areas 400 Growth in industrial instruments, life 350 science, meteorology and renewable energy market segments 300 250 +20% 200 109.5 91.4 150 100 50 0 2016 2017 2018 2019 2020 Q2/21 Increase 23% in constant currencies 7 23-Jul-2
Slide 8: Excellent performance continued
INDUSTRIAL MEASUREMENTS Excellent performance continued Orders received increased in all market segments Recovery across regions, record-high order intake in Europe and Americas MEUR Orders received 160 140 120 100 +41% 80 45.2 60 32.1 40 20 0 2016 2017 2018 2019 2020 Q2/21 Increase 46% in const
Slide 9: Net sales growth of 31% increased operating result
INDUSTRIAL MEASUREMENTS Net sales growth of 31% increased operating result MEUR Net sales Operating result EUR 10.5 (7.1) million, 160 23.7 (20.9) % of net sales 140 Net sales growth strong in industrial instruments and life science market 120 segments and good in power industry 100 market segme
Slide 10: Strong order growth continued
WEATHER & ENVIRONMENT Strong order growth continued Orders received increased in meteorology, renewable energy and aviation market segments Included EUR 13 million Ethiopian order MEUR Orders received 300 250 200 150 +17% 74.9 100 63.8 50 0 2016 2017 2018 2019 2020 Q2/21 Growth 19% in constant c
Slide 11: Operating result improved
WEATHER & ENVIRONMENT Operating result improved MEUR Net sales Operating result EUR 1.0 (0.7) million, 300 1.5 (1.2) % of net sales 250 Net sales grew in meteorology and renewable energy market segments 200 R&D expenditure 13.2% of net sales 150 +14% 100 65.4 57.6 50 0 2016 2017 2018 2019 2020
Slide 12: H1/2021 financials
VAISALA H1/2021 financials
Slide 13: H1/2021 operating result 9.5% of net sales
H1/2021 operating result 9.5% of net sales H1/2021 net sales growth 13% MEUR H1/2021 H1/2020 2020 Growth in constant currencies 16% Net sales 201.5 178.6 379.5 Operating result increased following Cost of goods sold -90.5 -79.6 -166.6 growth in net sales Gross profit 110.9 99.0 212.9 Gross m
Slide 14: H1/2021 cash flow from operating activities 29.4 MEUR
H1/2021 cash flow from operating activities 29.4 MEUR MEUR 25.0 Cash flow improvement driven by: 19.2 Higher result for the period 20.0 Positive impact of net working 15.7 15.0 capital 13.0 11.6 Lower capex level 9.8 10.0 5.6 6.3 6.2 Cash and cash equivalents: 5.0 o End Q2/2021: 52.3 MEUR 0.3
Slide 15: Strong financial position
Strong financial position MEUR H1/2021 H1/2020 2020 Equity per share 5.51 5.10 5.70 Return on equity % 15.5 10.2 16.3 Solvency ratio % 54.3 49.5 59.0 Capital expenditure 9.3 17.3 31.0 Cash and cash equivalents 52.3 62.2 45.4 Interest-bearing liabilities 66.1 91.1 57.0 Gearing % 6.9 15.7 5.7 15 23-Ju
Slide 16: Market development and business outlook
Market development and business outlook
Slide 17: Market development
Market development Global economy is expected to continue to recover, and this may lead to worsening component availability in the second half of the year. COVID-19 and its variants may also negatively impact the global economy and its recovery. Growth High-end industrial instruments Life science Po
Slide 18: Business outlook for 2021
Business outlook for 2021 Raised July 13, 2021 Net sales Vaisala estimates that its full-year 2021 net sales will be in the range of EUR 400–420 million Operating result (EBIT) Vaisala estimates that its full-year 2021 operating result (EBIT) will be in the range of EUR 40–50 million 18 23-Jul-21 Ha
Slide 19: Excellent growth continued in second quarter
Excellent growth continued in second quarter Strong profitability All-time high order book 165 MEUR Business outlook for 2021 net sales and operating result raised Orders received Net sales 120.1 (95.9) MEUR 109.5 (91.4) MEUR +25% +20% 19 23-Jul-21 Half Year Financial Report January-June 2021
Slide 20: Disclaimer
Disclaimer The forward-looking statements in this report are based on the current expectations, known factors, decisions and plans of Vaisala's management. Although the management believes that the expectations reflected in these forward-looking statements are reasonable, there is no assurance that
Slide 21: VAISALA
VAISALA