Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q3 2019 Earnings Presentation

16 slides from Vaisala Oyj Class A's earnings presentation, Oct 24, 2019

  1. Slide 1: Excellent third quarter in orders, net sales and EBIT

    Excellent third quarter in orders, net sales and EBIT Interim Report January–September 2019 President and CEO Kjell Forsén October 24, 2019 © Vaisala

  2. Slide 2: Third quarter 2019 highlights

    Third quarter 2019 highlights  Orders received EUR 105.1 (76.8) million, +37%  Order book EUR 154.4 (119.2) million, +29%  Net sales EUR 105.2 (84.1) million, +25%  Gross margin 55.3 (55.9) %  Operating result EUR 16.3 (14.5) million, 15.5 (17.3) % of net sales  Earnings per share EUR 0.37 (0.

  3. Slide 3: Vaisala Q3 orders received increased 37%

    Vaisala Q3 orders received increased 37% MEUR 120 113.0 105.1 100 100.1 99.1 98.0 +35% 36.8 with comparable 87.1 81.5 81.3 27.6 83.5 34.5 rates 76.8 31.2 80 71.1 34.8 28.1 30.9 29.5 28.2 60 28.1 28.8 40 76.2 72.5 67.9 70.7 +20% 63.2 52.0 53.0 55.4 56.2 organic growth* 42.4 48.7 20 0 Q1/17 Q2/17 Q3/1

  4. Slide 4: Vaisala order book improving

    Vaisala order book improving MEUR 160 150.9 151.7 154.4 145.0 17.4 16.2 133.6 133.4 18.2 130.3 10.7 124.8 126.5 +29% 10.0 12.2 13.4 119.2 120.6 120 10.7 14.3 Y/Y 13.0 15.7 80 134.3 132.8 134.3 138.3 120.4 121.4 120.0 Order book of 114.1 112.2 106.3 acquisitions 104.9 40 14 MEUR 0 Q1/17 Q2/17 Q3/17 Q

  5. Slide 5: Vaisala Q3 net sales increased 25%

    Vaisala Q3 net sales increased 25% MEUR Net sales by geographical area 120 108.3 105.2 15.0 96.1 12.0 +23% (12%) with comparable 84.1 84.2 12.0 rates 80.1 19.1 80 76.4 21.7 32% 11.3 13.0 16.9 37% 10.8 11.2 13.5 11.5 (29) (40) 17.2 20.2 12% organic growth* 40 74.2 67.3 71.5 59.2 59.7 48.0 49.1 31% (3

  6. Slide 6: Vaisala operating result increased following net sales growth

    Vaisala operating result increased following net sales growth MEUR % 50 46.4 20 44.7 2.0 MEUR 17.3% 43.0 amortization 40.7 40 of intangible 35.9 15.5% 16 assets 33.5 32.5 12.9% 30 12 1.0 MEUR refocus and 7.5% 7.5% reorganization 20 16.3 8 expenses 14.5 13.9 5.9% 10 7.2 4 5.7 4.7 - 0.0 - 0.0% 0 0 Q1/

  7. Slide 7: Cash flow from operating activities on good level

    Cash flow from operating activities on good level MEUR 35 29.4 30 Improvement following excellent 25 23.0 operating result 20 16.1 14.9 15 13.7 10.6 10 8.5 7.8 5 2.9 0 -5 -5.4 -6.2 -10 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Interim Report January-September 2019 2019-10-24

  8. Slide 8: Business Areas

    Business Areas Interim Report January–September 2019 © Vaisala

  9. Slide 9: Weather and Environment Q3 – excellent growth in orders received and net sales

    Weather and Environment Q3 – excellent growth in orders received and net sales  Orders received increased by 45% Organic growth MEUR Q3/19 Q3/18 Change - Increase with comparable FX rates 43% of orders received 27%* Orders received 70.7 48.7 45% - Growth generated by medium-sized orders and stronge

  10. Slide 10: Industrial Measurements Q3 – highest ever quarterly net sales

    Industrial Measurements Q3 – highest ever quarterly net sales  Orders received increased by 23% Organic growth MEUR Q3/19 Q3/18 Change - Increase with comparable FX rates 19% of orders received 9%* Orders received 34.5 28.1 23%  Order book increased by 25% - EUR 12.4 (9.2) million scheduled to be

  11. Slide 11: Key Financials, Market Outlook and Business Outlook

    Key Financials, Market Outlook and Business Outlook © Vaisala

  12. Slide 12: Key financials

    Key financials MEUR Q3/2019 Q3/2018 Change 1-9/2019 1-9/2018 Change 2018 Orders received 105.1 76.8 37% 316.1 235.0 34% 334.2 Order book 154.4 119.2 29% 154.4 119.2 29% 120.6 Net sales 105.2 84.1 25% 285.5 240.5 19% 348.8 Gross margin, % 55.3 55.9 54.3 52.5 53.1 Operating expenses 40.7 32.5 25% 128.

  13. Slide 13: Market Outlook 2019

    Market Outlook 2019 Weather and Environment Industrial Measurements  Demand for weather observation solutions is  Demand for industrial measurement solutions expected to improve in all regions, is expected to continue to grow in all regions. moderately in Americas.  Demand for continuous monitori

  14. Slide 14: Business Outlook 2019

    Business Outlook 2019  Vaisala estimates its full-year 2019 net sales to be in the range of EUR 380–400 million and its operating result (EBIT) to be in the range of EUR 25–35 million including EUR 10–12 million acquisition related amortization and one-off expenses related to a lease contract. MEUR

  15. Slide 15: Questions Welcome!

    Questions Welcome! © Vaisala

  16. Slide 16: Observations for a Better World

    Observations for a Better World © Vaisala

Vaisala — Q3 2019 Earnings Presentation on 6ix