Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q1 2017 Earnings Presentation

21 slides from Vaisala Oyj Class A's earnings presentation, Apr 25, 2017

  1. Slide 1: Interim Report January–March 2017

    Interim Report January–March 2017 Vaisala Corporation April 25, 2017

  2. Slide 2: January–March 2017

    January–March 2017 2017-04-25 2 Interim Report January - March 2017

  3. Slide 3: January–March 2017 highlights

    January–March 2017 highlights  Orders received EUR 81.5 (64.8) million, +26%  Order book EUR 130.3 (121.9) million, +7%  Net sales EUR 68.4 (68.7) million, flat  Gross margin 51.4% (51.0%)  Operating result EUR 2.6 (-1.0) million  Earnings per share EUR 0.09 (-0.12)  Cash flow from operating

  4. Slide 4: Vaisala Q1 orders received increased 26%, all time high Q1

    Vaisala Q1 orders received increased 26%, all time high Q1  Orders received EUR 81.5 (64.8) million, +26% MEUR  The increase came from all geographical areas 100 81.5  Weather Business Area 80 26.5  EUR 52.0 (40.9) million, +27% 64.8 29.5  The increase came from Americas, Europe and 60 26.8 28.

  5. Slide 5: Vaisala order book increased 7%

    Vaisala order book increased 7%  Order book EUR 130.3 (121.9) million, +7% MEUR 140 130.3  The order book increased in EMEA and 121.9 Americas 10.0 120 6.8 8.7 8.3 8.6  EUR 89.3 (83.6) million of the order book is 100 scheduled to be delivered in 2017  Weather Business Area 80  EUR 120.4 (115.2

  6. Slide 6: Vaisala Q1 net sales were flat

    Vaisala Q1 net sales were flat % of net sales Q1/2017 MEUR 100 17% 11.3 80 (17%) 68.7 11.4 68.4 11.3 23.7 11.7 14.4 11.6 60 12% 17.0 8.5 9.9 (14%) 40 56.0 58.0 71% 47.1 47.3 48.2 20 (69%) 0 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Products Projects Services Products Projects Services Page 6 © Vaisala 2017-04-2

  7. Slide 7: Americas and APAC were bigger than EMEA in Q1 net sales

    Americas and APAC were bigger than EMEA in Q1 net sales % of net sales in Q1/2017 EUR million Q1/2017 Q1/2016 Change % 26% EMEA 18.1 21.6 -16 32% (31%) (26%) Americas 28.7 29.5 -3 APAC 21.6 17.6 23 Total 68.4 68.7 0 (43%) 42% EMEA Americas APAC Page 7 © Vaisala 2017-04-25 Interim Report January - Ma

  8. Slide 8: Vaisala Q1 operating result improved despite flat net sales

    Vaisala Q1 operating result improved despite flat net sales Net sales and operating result MEUR Q1/2017 Q1/2016 100 93.0 Orders received, EUR million 81.5 64.8 81.8 80 75.6 Net sales, EUR million 68.4 68.7 68.7 68.4 60 Gross margin, % 51.4 51.0 40 Operating expenses, EUR million 32.8 33.1 20 14.6 Op

  9. Slide 9: Strong investment in R&D continued

    Strong investment in R&D continued  R&D expenses EUR 10.1 (9.5) million or 14.7% MEUR (13.9%) of net sales 40 38.0  Weather 17.4% (15.1%) of net sales  Controlled Environment 10.9% (11.6%) of net 32 9.4 11.5 8.2 sales 6.5 24 16 25.7 26.7 26.5 10.1 22.4 8 3.1 7.0 0 2013 2014 2015 2016 Q1/17 Weathe

  10. Slide 10: Cash flow from operations increased y-o-y

    Cash flow from operations increased y-o-y  Cash flow from operations increased to EUR 2.9 MEUR (-0.6) million as a result of increased EBITDA 50  Cash and cash equivalents EUR 72.9 (57.0) million, increase 28% 40  Purchases of treasury shares EUR 0.8 million 30  Capital expenditure EUR 1.8 (1.1)

  11. Slide 11: Weather

    Weather

  12. Slide 12: Weather Q1 sales mix unchanged

    Weather Q1 sales mix unchanged % of net sales in Q1/2017 MEUR 80 22% 8.7 60 (20%) 44.7 8.7 8.6 23.7 40.3 40 8.9 14.4 8.7 17.0 57% 9.9 21% 8.5 (58%) 20 (22%) 34.3 30.4 25.8 25.0 23.0 0 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Products Projects Services Products Projects Services Page 12 © Vaisala 2017-04-25 Int

  13. Slide 13: Weather operating result reflects low net sales

    Weather operating result reflects low net sales Net sales and operating result MEUR Q1/2017 Q1/2016 90 Orders received, EUR million 52.0 40.9 70 66.7 Net sales, EUR million 40.3 44.7 50.6 53.4 Gross margin, % 43.8 45.8 50 44.7 40.3 Operating expenses, EUR million 21.7 22.4 30 Operating result, EUR m

  14. Slide 14: Controlled Environment

    Controlled Environment

  15. Slide 15: Controlled Environment Q1 net sales increased 17%

    Controlled Environment Q1 net sales increased 17% % of net sales in Q1/2017 MEUR 30 28.1 10% 24.0 2.7 2.9 (11%) 25 2.6 2.7 2.7 20 15 25.7 25.2 22.3 23.7 10 21.3 90% 5 (89%) 0 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Products Services Products Services Page 15 © Vaisala 2017-04-25 Interim Report January - March

  16. Slide 16: Controlled Environment Q1 operating result % increased following net sales growth

    Controlled Environment Q1 operating result % increased following net sales growth Net sales and operating result MEUR Q1/2017 Q1/2016 40 Orders received, EUR million 29.5 23.9 Net sales, EUR million 28.1 24.0 30 28.4 28.1 26.4 24.0 25.0 Gross margin, % 62.6 60.8 20 Operating expenses, EUR million 11

  17. Slide 17: Market and Business Outlook

    Market and Business Outlook 2017-04-25 17 Interim Report January - March 2017

  18. Slide 18: Market Outlook 2017

    Market Outlook 2017  Global economic growth improved in Q1 2017, and latest forecasts refer to a moderate outlook. Increase in commodity prices, especially in crude oil, is expected to improve outlook of several emerging economies. During Q1, also performance of global manufacturing industry improv

  19. Slide 19: Business Outlook 2017 unchanged

    Business Outlook 2017 unchanged  Vaisala estimates its full year 2017 net sales to be in the range of EUR 310–340 million and its operating result (EBIT) to be in the range of EUR 32–42 million. Net sales Operating result MEUR MEUR 320 40 318.5 319.1 300 30 299.7 30.2 29.6 293.3 26.4 280 20 22.3 18

  20. Slide 20: Questions Welcome!

    = Questions Welcome!

  21. Slide 21: Observations for a Better World

    Observations for a Better World Page 21 © Vaisala 2017-04-25 Interim Report January - March 2017

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