Slide 1: Strong net sales growth continued through Q4
Strong net sales growth continued through Q4 Financial Statement Release January–December 2022 Kai Öistämö, President and CEO
Slide 2: Strong net sales growth continued in Q4
Strong net sales growth continued in Q4 ▪ Orders received and net sales grew strongly ▪ Order book EUR 182 million ▪ Operating result increased Y/Y ▪ Dividend proposal EUR 0.72 Orders received Net sales 139.6 (119.0) MEUR 141.6 (125.0) MEUR +17% +13% 2 16-Feb-23 Financial Statement Release January-D
Slide 3: Highlights of 2022: technology leadership, quality, and climate action
Highlights of 2022: technology leadership, quality, and climate action Vaisala ranks in top 5 of Financial Times’ Climate Leaders 2022 list Vaisala increases climate action by committing to set science-based target 3 16-Feb-23 Financial Statement Release January-December 2022
Slide 4: Q4/2022 orders received grew by 17%
Q4/2022 orders received grew by 17% MEUR Orders received 600 ▪ Increase in orders received was strong in 119.0 +17% both business areas 500 139.6 ▪ Orders increased strongly in meteorology, 119.0 aviation, and industrial instruments 400 market segments 300 200 100 0 2018 2019 2020 2021 Q4/22 Increas
Slide 5: Q4/2022 order book EUR 181.5 million
Q4/2022 order book EUR 181.5 million MEUR Order book MEUR Order book delivery schedule 200 160 +13% ▪ Increase in industrial 180 +14%142.9 140 instruments, life science, and 160 125.3 power industry market 120 segments in Industrial 140 Measurements 100 120 ▪ Increase in renewable energy 100 80 and
Slide 6: Q4/2022 net sales grew by 13%
Q4/2022 net sales grew by 13% MEUR Net sales 600 ▪ Net sales grew in both business areas, +13% very strongly in Industrial Measurements 500 125.0 141.6 business area 125.0 ▪ Net sales grew strongly in industrial 400 instruments, life science, power industry, and aviation market segments 300 200 100
Slide 7: Q4/2022 operating result increased Y/Y
Q4/2022 operating result increased Y/Y MEUR Operating result 70 ▪ Gross margin was at previous year’s level 60 8.9% 53.5 (53.3) % 11.9 12.6 ▪ Component spot purchases had a 3.0 50 9.5% percentage point negative impact 40 11.9 ▪ Operating expenses increased ▪ IT system renewal and investments in 30 s
Slide 8: Very good performance continued
INDUSTRIAL MEASUREMENTS Very good performance continued ▪ Orders received grew in industrial instruments, life science and liquid measurements market segments ▪ Order book EUR 41.8 (32.9) million, +27% MEUR Orders received 250 +11% 64.4 200 58.2 150 100 50 0 2018 2019 2020 2021 Q4/22 Increase 6% in
Slide 9: Very strong net sales growth continued
INDUSTRIAL MEASUREMENTS Very strong net sales growth continued MEUR Net sales ▪ Net sales grew in all market segments, 250 growth was very strong in industrial +20% instruments, life science, and power 50.1 60.2 200 industry market segments 50.1 ▪ Gross margin was at previous year’s level 150 59.7 (
Slide 10: Excellent growth in orders received
WEATHER & ENVIRONMENT Excellent growth in orders received ▪ Orders received increased strongly in meteorology and renewable energy market segments ▪ Order book EUR 139.6 (127.1) million, +10% MEUR Orders received +24% 300 75.2 250 60.8 200 150 100 50 0 2018 2019 2020 2021 Q4/22 Increase 19% in const
Slide 11: Net sales grew 9% Y/Y
WEATHER & ENVIRONMENT Net sales grew 9% Y/Y MEUR Net sales ▪ Net sales grew in aviation and 350 meteorology market segments 300 +9% ▪ Gross margin was at previous year’s level 81.3 49.0 (48.9) % 250 74.9 ▪ Additional material costs related to 200 component spot purchases had a 2.0 percentage point n
Slide 12: 1-12/2022 financials
VAISALA 1-12/2022 financials
Slide 13: FY/2022 operating profit margin improved Y/Y to 12.2% of net sales
FY/2022 operating profit margin improved Y/Y to 12.2% of net sales ▪ 1-12/2022 net sales growth 17% MEUR 1-12/2022 1-12/2021 ▪ Growth in constant currencies 12% Net sales 514.2 437.9 ▪ Gross margin was close to previous Cost of goods sold -232.2 -196.0 year’s level 54.8 (55.2) % Gross profit 282.0 2
Slide 14: Dividend development 2013–2022
Dividend development 2013–2022 EUR 1.20 1.00 0.80 0.50 0.62 0.60 0.40 0.68 0.72 0.55 0.58 0.61 0.61 0.45 0.45 0.48 0.50 0.20 0.00 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* Dividend Return of capital/Additional dividend * Boards’ proposal All dividends have been adjusted to reflect increased
Slide 15: 1-12/2022 cash flow from operating activities decreased
1-12/2022 cash flow from operating activities decreased due to increase in net working capital MEUR 50 45.0 39.5 41.3 40 35.5 Cash and cash equivalents: 30.8 o End Q4/2022: 55.5 MEUR 30 o End Q4/2021: 77.9 MEUR 20 16.6 o Net working capital increased 10 0 -0.2 -10 -4.9 -11.2 -20 -13.6 -15.1 -19.1 -2
Slide 16: Strong financial position
Strong financial position MEUR 1-12/2022 1-12/2021 Equity per share 6.92 6.36 Return on equity % 18.7 18.1 Solvency ratio % 58.2 57.2 Capital expenditure 13.7 19.2 Cash and cash equivalents 55.5 77.9 Interest-bearing liabilities 63.4 50.2 Gearing % 3.2 -12.0 16 16-Feb-23 Financial Statement Release
Slide 17: Market development and business outlook
Market development and business outlook
Slide 18: Market development
Market development Growth High-end industrial instruments Life science Power and energy Liquid measurements Renewable energy Roads and automotive Stable Meteorology Aviation 18 16-Feb-23 Financial Statement Release January-December 2022
Slide 19: Business outlook for 2023
Business outlook for 2023 Net sales Vaisala estimates that its full-year 2023 net sales will be in the range of EUR 530–570 million Operating result (EBIT) Vaisala estimates that its full-year 2023 operating result (EBIT) will be in the range of EUR 70–85 million 19 16-Feb-23 Financial Statement Rel
Slide 20: Strong net sales growth continued in Q4
Strong net sales growth continued in Q4 ▪ Orders received and net sales grew strongly ▪ Order book EUR 182 million ▪ Operating result increased Y/Y ▪ Dividend proposal EUR 0.72 Orders received Net sales 139.6 (119.0) MEUR 141.6 (125.0) MEUR +17% +13% 20 16-Feb-23 Financial Statement Release January-
Slide 21: VAISALA
VAISALA