Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — H1 2011 Earnings Presentation

15 slides from Vaisala Oyj Class A's earnings presentation, Aug 4, 2011

  1. Slide 1: Result January-June 2011

    Result January-June 2011 Vaisala Group August 4, 2011

  2. Slide 2: Overview January - June 2011

    Overview January - June 2011  Net sales at good level. Orders received decreased, order book remains strong. Outlook unchanged.  Orders received: EUR 111.8 (131.8) million, decrease 15%.  Net sales EUR 120.8 (104.0) million, increase 16%. Net sales increase 15% compared to proforma* H1/2010 net s

  3. Slide 3: Net sales by regions

    Net sales by regions APAC Americas Mill. EUR 2011 2010 Change 29 % 40 % 1-6 1-6 Americas 48.1 41.3 +16% * EMEA 37.7 38.1 -1% APAC 35.0 24.5 +43% EMEA 31 % * Organic growth in Americas of combined Vaisala and Veriteq was 12 percent. Page 3 / 4.8.2011 / ©Vaisala

  4. Slide 4: Performance by Quarter

    Performance by Quarter 1-3 4-6 7-9 10-12 1-3 4-6 2010 2010 2010 2010 2011 2011 Net sales 49.3 54.7 64.7 84.5 58.9 61.9 Cost of production and 26.0 28.9 31.6 37.8 32.7 31.0 procurement Gross profit 23.2 25.9 33.1 46.7 26.2 30.9 Gross margin 47 % 47 % 51 % 55 % 44 % 50 % Other operating income 0.0 0.0

  5. Slide 5: Meteorology (MET)

    Meteorology (MET)  Net sales EUR 31.1 (31.1) million, +0 %.  Operating result EUR -3.3 (-3.9) million.  Orders received EUR 24.5 (44.2) million.  Order book EUR 34.1 million. Page 5 / 4.8.2011 / ©Vaisala

  6. Slide 6: Weather Critical Operations (WCO)

    Weather Critical Operations (WCO)  Net sales EUR 54.2 (45.9) million, +18%.  Operating result EUR 0.7 (-7.3) million.  Orders received EUR 52.2 (57.1) million.  Order book EUR 80.3 million. Page 6 / 4.8.2011 / ©Vaisala

  7. Slide 7: Controlled Environment (CEN)

    Controlled Environment (CEN)  Net sales EUR 35.5 (26.9) million, +32 %.  Organic growth +25%  Operating profit EUR 6.0 (2.1) million.  Orders received EUR 35.0 (30.5) million.  Order book EUR 5.6 million.  All market segments in Controlled Environment grew. Page 7 / 4.8.2011 / ©Vaisala

  8. Slide 8: Key figures 1-6/2011

    Key figures 1-6/2011 1-6/2011 1-6/2010 Net sales 120.8 M€ 104.0 M€ (proforma) 105.4 M€ Services net sales 19.0 M€ 14.4 M€ Operating profit 2.3 M€ -11.1 M€ Profit before taxes 0.0 M€ -7.1 M€ Net profit -0.5 M€ -4.8 M€ Capital expenditure 7.5 M€ 18.9 M€ R&D expenditure (of net sales) 11.1% 16.3% Order

  9. Slide 9: Orders received and order backlog

    Orders received and order backlog 300 250 200 150 100 50 0 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 /03 /04 /04 /05 /05 /06 /06 /07 /07 /08 /08 /09 /09 /10 /10 /11 Order book M€ Orders received, rolling 12m, M€ Page 9 / 4.8.2011 / ©Vaisala

  10. Slide 10: Net sales

    Net sales 280 260 240 220 200 180 160 140 120 100 80 60 40 20 0 2004 2005 2006 2007 2008 2009 2010 2011 Page 10 / 4.8.2011 / ©Vaisala

  11. Slide 11: Operating profit

    Operating profit 50 40 30 20 10 0 2004 2005 2006 2007 2008 2009 2010 2011 -10 -20 Page 11 / 4.8.2011 / ©Vaisala

  12. Slide 12: Net sales and operating profit, rolling 12 months

    Net sales and operating profit, rolling 12 months 300 250 200 M€ 150 100 50 0 Q4/ Q2/ Q4/ Q2/ Q4/ Q2/ Q4/ Q2/ Q4/ Q2/ Q4/ Q2/ Q4/ Q2 Q4 Q2 03 04 04 05 05 06 06 07 07 08 08 09 09 /10 /10 /11 Net sales, rolling 12m Operating profit, rolling 12m Page 12 / 4.8.2011 / ©Vaisala

  13. Slide 13: Research and Development

    Research and Development 35  Share of R&D expenses 30 of net sales is expected 25 to decrease in 2011. 20 15 10 5 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Last 12 months R&D costs (M€) % of net sales Page 13 / 4.8.2011 / ©Vaisala

  14. Slide 14: Net sales and average personnel

    Net sales and average personnel 300 1,800 275 250 1,500 225 200 1,200 175 M€ 150 900 125 100 600 75 50 300 25 0 0 98 99 00 01 02 03 04 05 06 07 08 09 10 M LT 19 19 20 20 20 20 20 20 20 20 20 20 20 Net sales Personnel Personnel at the end of the period Page 14 / 4.8.2011 / ©Vaisala

  15. Slide 15: Outlook

    Outlook Market outlook  Current increased uncertainty in the global economy and shifts in exchange rates are expected especially to affect Vaisala's weather related business. However, based on Vaisala's technology and the structure of Vaisala's customer base, the company's competitive position is e

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