Vaisala Oyj Class A · OMXHEX:VAIAS
Vaisala Oyj Class A — Q1 2021 Earnings Presentation
18 slides from Vaisala Oyj Class A's earnings presentation, Apr 29, 2021
Slide 1: Strong start for the year
Strong start for the year Q1/2021 Interim Report presentation Kai Öistämö, President and CEO
Slide 2: Strong start for the year
Strong start for the year ▪ Market environment more favorable than expected ▪ Strong orders received across multiple market segments ▪ Business outlook lower limit raised Orders received Net sales 106.1 (89.7) MEUR 92.0 (87.2) MEUR +18% +5% 2 29-Apr-21 Interim Report January-March 2021
Slide 3: Innovation and sustainability at the core of Vaisala, with several highlights in Q1
Innovation and sustainability at the core of Vaisala, with several highlights in Q1 Innovation and Strong performance in 100% renewable Sensors on portfolio renewal life science & wind lidars electricity Perseverance at Mars Product portfolio renewal Positive impact from Carbon footprint Part of fir
Slide 4: Q1 orders received increased by 18% Y/Y
Q1 orders received increased by 18% Y/Y MEUR 450 ▪ Increase in both business areas 400 ▪ Increase in renewable energy, ground 350 transportation, and industrial instruments market segments 300 ▪ Weakness in aviation market continued 250 ▪ Increase 23% with constant currencies 200 150 +18% 100 106.1
Slide 5: Q1 order book increased by 10% Y/Y
Q1 order book increased by 10% Y/Y MEUR Order book MEUR Order book delivery schedule 180 120 +17% 110.1 ▪ Increase in both business 160 +10% areas 100 93.9 140 ▪ Increase in all market segments in Industrial 120 80 Measurements 100 ▪ Increase in renewable energy, 60 80 ground transportation, and 47.
Slide 6: Q1 net sales grew by 5% Y/Y
Q1 net sales grew by 5% Y/Y MEUR 450 ▪ Growth in Industrial Measurements and 400 about flat in Weather and Environment 350 ▪ Growth in life science, industrial instruments, renewable energy, and 300 ground transportation market segments 250 ▪ Growth 9% with constant currencies 200 150 100 +5% 87.2 9
Slide 7: Industrial Measurements: Excellent performance
INDUSTRIAL MEASUREMENTS Excellent performance ▪ Orders received increased in all market segments ▪ Economic recovery in China boosted growth of orders received ▪ Growth of orders received 29% with constant currencies MEUR Orders received 160 140 120 100 80 60 40 +22% 20 45.9 37.5 0 2016 2017 2018 20
Slide 8: Net sales growth of 12% increased operating result
INDUSTRIAL MEASUREMENTS Net sales growth of 12% increased operating result MEUR Net sales ▪ Operating result EUR 9.4 (7.6) million, 160 23.8 (21.4) % of net sales 140 ▪ Net sales growth strong in life science 120 and power industry market segments and 100 good in industrial instruments, but net sale
Slide 9: Weather & Environment: Strong growth in orders received
WEATHER & ENVIRONMENT Strong growth in orders received ▪ Orders received increased in renewable energy and ground transportation market segments ▪ Meteorology market segment flat ▪ Weakness continued in aviation ▪ Growth of orders received 19% with constant currencies MEUR Orders received 300 250 20
Slide 10: Operating result increased as a result of lower operating expenses
WEATHER & ENVIRONMENT Operating result increased as a result of lower operating expenses MEUR Net sales ▪ Operating result EUR -0.9 (-2.4) million, 300 -1.7 (-4.6) % of net sales 250 ▪ Net sales grew in renewable energy, ground transportation, and meteorology 200 market segments, but decreased in av
Slide 11: Financials
VAISALA ay & O = C — Le
Slide 12: Q1 operating result 8.8% of net sales
Q1 operating result 8.8% of net sales ▪ Operating result increased following MEUR Q1/2021 Q1/2020 2020 growth in net sales and lower Net sales 92.0 87.2 379.5 operating expenses Cost of goods sold -41.6 -38.0 -166.6 ▪ Gross margin decreased to 54.8 Gross profit 50.4 49.2 212.9 (56.4) % Operating exp
Slide 13: Good result and positive net working capital increased cash flow
Good result and positive net working capital increased cash flow MEUR 10.0 Cash flow improvement driven by: 7.5 7.8 • Higher result for the period 8.0 6.3 • Increase of liabilities 6.0 5.3 • Normalized capex 4.0 4.0 2.7 2.2 Cash and cash equivalents: 2.0 0.8 End Q1/2021: 53.9 MEUR 0.0 End Q4/2020: 4
Slide 14: Market development and business outlook
Market development and business outlook
Slide 15: Market development
Market development COVID-19 pandemic will continue to cause significant uncertainty in 2021. Still, the global economy is expected to continue to recover in 2021. High-end industrial instruments Life science and power industry Renewable energy Meteorology, developing countries Aviation 29-Apr-21 Int
Slide 16: Business outlook for 2021 narrowed
Business outlook for 2021 narrowed Net sales Vaisala estimates that its full-year 2021 net sales will be in the range of EUR 380–400 million Operating result (EBIT) Vaisala estimates that its full-year 2021 operating result (EBIT) will be in the range of EUR 35–45 million 16 29-Apr-21 Interim Report
Slide 17: Strong start for the year
Strong start for the year ▪ Market environment more favorable than expected ▪ Strong orders received across multiple market segments ▪ Business outlook lower limit raised Orders received Net sales 106.1 (89.7) MEUR 92.0 (87.2) MEUR +18% +5% 17 29-Apr-21 Interim Report January-March 2021
Slide 18: VAISALA
VAISALA