Vaisala Oyj Class A · OMXHEX:VAIAS
Vaisala Oyj Class A — Q1 2022 Earnings Presentation
19 slides from Vaisala Oyj Class A's earnings presentation, Apr 29, 2022
Slide 1: Excellent start for the year
Excellent start for the year Interim Report January–March 2022 Kai Öistämö, President and CEO
Slide 2: Excellent start for the year
Excellent start for the year ▪ Net sales growth strong in both business areas ▪ Operating result more than doubled ▪ Order book EUR 169 million ▪ Sales to Russia and Belarus suspended, no material impact Orders received Net sales 125.0 (106.1) MEUR 118.8 (92.0) MEUR +18% +29% 2 29-Apr-22 Interim Rep
Slide 3: Highlights of Q1/2022: strengthening market position and leading in sustainability
Highlights of Q1/2022: strengthening market position and leading in sustainability New partnership with Expanding product Increasing climate European Volkswagen AG portfolio for data centers action Climate Leader Vaisala now provides The new immersion type Setting a science-based Vaisala ranks in to
Slide 4: Q1/2022 orders received increased by 18% Y/Y
Q1/2022 orders received increased by 18% Y/Y MEUR 500 ▪ Increase in orders received was very 450 strong in both business areas 400 ▪ Orders increased strongly in renewable 350 energy, aviation, industrial instruments and life science market segments 300 250 200 +18% 150 100 125.0 106.1 50 0 2018 201
Slide 5: Q1/2022 order book increased by 8% Y/Y
Q1/2022 order book increased by 8% Y/Y MEUR Order book MEUR Order book delivery schedule 180 140 +8% 126.8 ▪ Increase in industrial +15% 160 120 instruments and life science 110.1 market segments in Industrial 140 100 Measurements 120 ▪ Increase in aviation and 100 80 renewable energy market segment
Slide 6: Q1/2022 net sales grew by 29% Y/Y
Q1/2022 net sales grew by 29% Y/Y MEUR 500 ▪ Very strong growth in both business areas 450 ▪ Net sales grew strongly in renewable 400 energy, meteorology, industrial 350 instruments, and life science market segments 300 250 200 150 +29% 100 118.8 92.0 50 0 2018 2019 2020 2021 Q1/22 Increase 25% in c
Slide 7: Excellent performance continued
INDUSTRIAL MEASUREMENTS Excellent performance continued ▪ Orders received increased strongly in industrial instruments and life science market segments ▪ Order book EUR 35.1 (24.9) million, +41% MEUR Orders received 200 150 100 +19% 50 54.7 45.9 0 2018 2019 2020 2021 Q1/22 Increase 14% in constant c
Slide 8: Net sales growth of 34% increased operating result
INDUSTRIAL MEASUREMENTS Net sales growth of 34% increased operating result MEUR Net sales ▪ Net sales growth strong in all market 200 segments ▪ Gross margin improved to 64.3 (63.5) % 150 ▪ Additional material costs related to component spot purchases had less than one percentage point negative 100
Slide 9: Orders received at excellent level
WEATHER & ENVIRONMENT Orders received at excellent level ▪ Orders received increased strongly in renewable energy and aviation market segments ▪ Order book EUR 133.4 (130.5) million MEUR Orders received 300 250 200 150 100 +17% 50 60.3 70.3 0 2018 2019 2020 2021 Q1/22 Increase 13% in constant curren
Slide 10: Operating result increased to 4.4 % of net sales
WEATHER & ENVIRONMENT Operating result increased to 4.4 % of net sales MEUR Net sales ▪ Net sales grew strongly in renewable 300 energy and meteorology market segments, and well in ground 250 transportation market segment 200 ▪ Gross margin improved to 49.7 (48.1) % ▪ Additional material costs relat
Slide 11: 1-3/2022 financials
VAISALA 1-3/2022 financials
Slide 12: 1-3/2022 operating result 14.8% of net sales
1-3/2022 operating result 14.8% of net sales ▪ 1-3/2022 net sales growth 29% MEUR 1-3/2022 1-3/2021 2021 ▪ Growth in constant currencies 25% Net sales 118.8 92.0 437.9 ▪ Gross margin improved to 56.2 Cost of goods sold -52.0 -41.6 -196.0 (54.8) % Gross profit 66.8 50.4 241.8 ▪ Additional material co
Slide 13: 1-3/2022 cash flow from operating activities decreased Y/Y due negative impact of net working capital
1-3/2022 cash flow from operating activities decreased Y/Y due negative impact of net working capital MEUR 20.0 15.0 13.8 Cash and cash equivalents: 9.3 o End Q1/2022: 70.5 MEUR 10.0 6.3 6.7 7.5 7.8 o End Q4/2021: 77.9 MEUR 5.3 o End Q1/2021: 53.9 MEUR 5.0 0.8 0.0 -0.7 -1.4 -1.8 -5.0 -4.5 -5.9 -10.0
Slide 14: Strong financial position
Strong financial position MEUR 1-3/2022 1-3/2021 2021 Equity per share 5.93 5.25 6.36 Return on equity % 24.8 12.7 18.1 Solvency ratio % 50.9 52.8 57.2 Capital expenditure 3.5 4.5 19.2 Cash and cash equivalents 70.5 53.9 77.9 Interest-bearing liabilities 59.7 51.7 50.2 Gearing % -5.0 -1.2 -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 29-Apr-22 Interim Report January-March 2022
Slide 17: Business outlook for 2022 unchanged
Business outlook for 2022 unchanged Net sales Vaisala estimates that its full-year 2022 net sales will be in the range of EUR 465–495 million Operating result (EBIT) Vaisala estimates that its full-year 2022 operating result (EBIT) will be in the range of EUR 55–70 million 17 29-Apr-22 Interim Repor
Slide 18: Excellent start for the year
Excellent start for the year ▪ Net sales growth strong in both business areas ▪ Operating result more than doubled ▪ Order book EUR 169 million ▪ Sales to Russia and Belarus suspended, no material impact Orders received Net sales 125.0 (106.1) MEUR 118.8 (92.0) MEUR +18% +29% 18 29-Apr-22 Interim Re
Slide 19: VAISALA
VAISALA