Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q3 2013 Earnings Presentation

16 slides from Vaisala Oyj Class A's earnings presentation, Oct 23, 2013

  1. Slide 1: Interim report July-September 2013

    Interim report July-September 2013 Vaisala Corporation October 23, 2013

  2. Slide 2: Overview of Q3/2013

    Overview of Q3/2013  Orders received: EUR 76.0 (74.3) million, +2%  Net sales EUR 61.9 (69.5) million, -11%.  At comparable exchange rates the net sales would have decreased by 7%  Operating profit EUR 4.9 (5.3) million, -8%  Earnings per share EUR 0.14 (0.16)  Cash flow from operating activit

  3. Slide 3: Overview of 1-9/2013

    Overview of 1-9/2013  Orders received: EUR 200.2 (198.6) million, +1%  Net sales EUR 192.7 (203.6) million, -5%  At comparable exchange rates the net sales would have decreased by 3%  Operating profit EUR 15.1 (17.7) million, -15%  One-time gain from product line divestment EUR 1.5 million  Ea

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

    Orders, Net Sales and Order Book MEUR 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2011 2011 2011 2011 2012 2012 2012 2012 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 Net sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 65.2 61.9  In Q3/2013, orders received were

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

    Orders, Net sales and Order Book MEUR 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2011 2011 2011 2011 2012 2012 2012 2012 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 Net sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 65.2 61.9 Order Backlog 127.1 120.0 136.9 13

  6. Slide 6: 1-9/2013 Net Sales by Regions

    1-9/2013 Net Sales by Regions MEUR 1-9/ 2013 73.9 69.6 49.1 Change 1-9/2012 -6% -2% -10% 1-9/2013 Share of Net 38% 36% 25% Sales Page 6 / October 23, 2013 / ©Vaisala

  7. Slide 7: Net Sales by Business Areas (MEUR)

    Net Sales by Business Areas (MEUR) 1-9/2013 1-9/2012 2012 Weather Products 69.9 74.3 99.7 Delivery projects 45.7 51.5 84.2 Services 22.0 20.9 34.1 Controlled Environment Products 48.7 51.2 67.0 Services 6.5 5.7 8.2 Sales, elimination and others 0.0 0.0 0.0 TOTAL VAISALA NET SALES 192.7 203.6 293.3 P

  8. Slide 8: Performance by Quarter

    Performance by Quarter 100.0 60% MEUR 45% 75.0 30% 50.0 15% 25.0 0% Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Net sales Gross margin % Operating profit % Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Net sales 69.6 89.7 65.6 65.2 61.9 Cost of sales 36.1 46.6 33.6 32.1 31.9 Gross profit 33.4 43.0 32.0 33.1 3

  9. Slide 9: 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 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 15 Page 9 / October 23, 2013 / ©Vaisala

  10. Slide 10: Weather 1-9/2013

    Weather 1-9/2013  Net sales EUR 137.5 (146.7) million, -6%  At comparable exchange rates net sales would have decreased by 4%  Both delivery projects and product sales decreased  Sales to Meteorology customer group grew whereas sales to other customer groups declined or stayed at last year’s lev

  11. Slide 11: Controlled Environment 1-9/2013

    Controlled Environment 1-9/2013  Net sales EUR 55.2 (56.9) million, -3%  At comparable exchange rates net sales would have increased by 1%  Net sales decreased in Japan and North America whereas net sales to China was growing  Orders received EUR 56.0 (57.4) million, -2%  Order book EUR 5.2 (4.

  12. Slide 12: Research and Development Costs

    Research and Development Costs 1-9/2013 35  R&D expenses EUR 20.9 (20.5) million, 30 10.8% of net sales  Weather BA 12% 25 (11%) of net sales 20  Controlled Environment BA 15 8% (8%) of net sales 10  The goal is to keep the share of R&D 5 expenses at around 10% of net sales 0 2000 2001 2002 2003

  13. Slide 13: Key Ratios 1-9/2013

    Key Ratios 1-9/2013 1-9/2013 1-9/2012 2012 Number of shares traded (kpcs) 2,083 642 1,019 Earnings per share (EUR) 0.50 0.66 1.20 Cash flow from operating activities per share (EUR) 0.89 1.47 2.66 Solvency ratio 74% 75% 75% Gross capital expenditure (MEUR) 5.8 3.8 5.4 Average personnel 1,476 1,416 1

  14. Slide 14: Vaisala Group ROE %

    Vaisala Group ROE % 16.0% 12.0% 8.0% 4.0% 0.0% -4.0% -8.0% Q1/2010Q2/2010Q3/2010Q4/2010Q1/2011Q2/2011Q3/2011Q4/2011Q1/2012Q2/2012Q3/2012Q4/2012Q1/2013Q2/2013Q3/2013 Page 14 / October 23, 2013 / ©Vaisala

  15. Slide 15: Outlook

    Outlook Market outlook Vaisala’s markets do not reflect the early signs of the global economic recovery. In North America the USA budget sequestration will continue to limit demand for Weather Business Area’s offering. The federal government shutdown in the USA will have additional implications to o

  16. Slide 16: Thank you

    Thank you Page 16 / October 23, 2013 / ©Vaisala

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