Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q2 2017 Earnings Presentation

16 slides from Vaisala Oyj Class A's earnings presentation, Jul 20, 2017

  1. Slide 1: Half Year Financial Report 2017

    2017‐07‐20 Half Year Financial Report 2017 Vaisala Corporation July 20, 2017 Second Quarter 2017 2017-07-20 2 Half Year Financial Report 2017 1

  2. Slide 2: Second quarter 2017 highlights

    2017‐07‐20 Second quarter 2017 highlights  Orders received EUR 81.3 (77.0) million, +6%  Order book EUR 133.6 (123.5) million, +8%  Net sales EUR 74.8 (75.6) million, -1%  Gross margin 52.4% (49.2%)  Operating result EUR 5.1 (3.4) million, 6.8% (4.5%) of net sales  Earnings per share EUR 0.18

  3. Slide 3: Vaisala order book increased 8%

    2017‐07‐20 Vaisala order book increased 8%  Order book EUR 133.6 (123.5) million, +8% MEUR 140  The order book increased in EMEA and 10.0 12.2 APAC 120 6.8 8.7 8.3 8.6  EUR 79.9 (77.3) million of the order book is 100 scheduled to be delivered in 2017 80  Weather and Environment Business Area 60

  4. Slide 4: Geographical split of Vaisala Q2 net sales

    2017‐07‐20 Geographical split of Vaisala Q2 net sales % of net sales in Q2/2017 EUR million Q2/2017 Q2/2016 Change % 27% EMEA 23.8 23.0 3 32% (30%) (30%) Americas 30.6 29.9 3 APAC 20.4 22.7 -10 Total 74.8 75.6 -1 (40%) 41% EMEA Americas APAC Page 7 © Vaisala 2017-07-20 Half Year Financial Report 201

  5. Slide 5: Weather and Environment Q2 net sales declined

    2017‐07‐20 Weather and Environment Weather and Environment Q2 net sales declined due to lower project sales in APAC % of net sales in Q2/2017 MEUR 80 17% 8.7 (17%) 60 50.6 49.3 8.7 8.6 23.7 8.4 40 8.9 14.4 8.7 13.5 56% 17.0 9.9 27% 8.5 (34%) (49%) 20 30.4 34.3 25.8 25.0 23.0 27.4 0 Q1/16 Q2/16 Q3/16

  6. Slide 6: Industrial Measurements operating result reflects improved gross margin

    2017‐07‐20 Weather and Environment operating result reflects improved gross margin MEUR Q2/2017 Q2/2016 66.7 70 Orders received, EUR million 53.0 50.1 53.4 50.6 49.3 Net sales, EUR million 49.3 50.6 50 44.7 40.3 Gross margin, % 47.7 44.0 30 Operating expenses, EUR million 22.6 23.1 Operating result,

  7. Slide 7: Industrial Measurements Q2 net sales increased 2%

    2017‐07‐20 Industrial Measurements Q2 net sales increased 2% % of net sales in Q2/2017 MEUR 30 11% 25.0 2.7 2.9 25.5 (11%) 25 2.6 2.7 2.9 2.7 20 15 25.7 25.2 22.3 23.7 22.6 10 21.3 89% 5 (89%) 0 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Products Services Products Services Page 13 © Vaisala 2017-07-20 Half

  8. Slide 8: January–June 2017 highlights

    2017‐07‐20 January–June 2017 2017-07-20 15 Half Year Financial Report 2017 January–June 2017 highlights  Orders received EUR 162.8 (141.7) million, +15%  Net sales EUR 143.2 (144.3) million, -1%  Gross margin 51.9% (50.1%)  Operating result EUR 7.7 (2.4) million  Earnings per share EUR 0.27 (0.

  9. Slide 9: Strong investment in R&D continued

    2017‐07‐20 Strong investment in R&D continued  R&D expenses EUR 20.6 (19.4) million or 14.4% MEUR (13.5%) of net sales 40  Weather and Environment 16.0% (14.4%) of net sales 9.4 11.5 30 8.2  Industrial Measurements 11.8% (11.6%) of net 6.5 sales 20 6.3 25.7 26.7 26.5 10 22.4 14.3 0 2013 2014 2015

  10. Slide 10: Market and Business Outlook

    2017‐07‐20 Market and Business Outlook 2017-07-20 19 Half Year Financial Report 2017 Market Outlook 2017  Vaisala is expecting moderate improvement for weather observation market compared to previous year. Market activity is expected to increase especially among meteorology customer segment. Market

  11. Slide 11: Business Outlook 2017 unchanged

    2017‐07‐20 Business Outlook 2017 unchanged  Vaisala estimates its full year 2017 net sales to be in the range of EUR 310–340 million and its operating result (EBIT) to be in the range of EUR 32–42 million. Net sales Operating result MEUR MEUR 320 40 318.5 319.1 300 30 299.7 30.2 29.6 293.3 26.4 280

  12. Slide 12: Vaisala H1 orders received increased 15%

    2017‐07‐20 Appendix January–June 2017 financials Vaisala H1 orders received increased 15%  Orders received EUR 162.8 (141.7) million, +15% MEUR  The increase came from all geographical areas 350  Weather and Environment Business Area 300 94.4  EUR 105.1 (91.1) million, +15% 250 79.8 105.3 74.6 

  13. Slide 13: H1 sales mix reflects low project sales

    2017‐07‐20 H1 sales mix reflects low project sales % of net sales in H1/2017 EUR million H1/2017 H1/2016 Change % 16% Products 98.3 94.4 4 (16%) Projects 22.0 26.9 -18 15% Services 22.9 22.9 0 (19%) Net sales, total 143.2 144.3 -1 69% (65%) At comparable 141.9 144.3 -2 exchange rates Products Projec

  14. Slide 14: H1 operating result improved y-o-y

    2017‐07‐20 H1 operating result improved y-o-y  Operating result EUR 7.7 (2.4) million or 5.3% MEUR (1.6%) of net sales 35  Comparison period included EUR 2.8 30 million restructuring expenses 10.3 9.3 25  Operating expenses EUR 67.3 (67.1) million 8.8 20 7.0 15 6.6 10 5.3 5 30.2 18.1 26.4 29.6 22

  15. Slide 15: Weather and Environment H1 operating result decreased

    2017‐07‐20 Weather and Environment H1 operating result decreased due to low net sales MEUR H1/2017 H1/2016 66.7 70 Orders received, EUR million 105.1 91.1 53.4 50.6 49.3 Net sales, EUR million 89.6 95.3 50 44.7 40.3 Gross margin, % 46.0 44.8 30 Operating expenses, EUR million 44.3 45.5 Operating res

  16. Slide 16: Industrial Measurements H1 operating result % stable

    2017‐07‐20 Industrial Measurements H1 operating result % stable MEUR H1/2017 H1/2016 40 Orders received, EUR million 57.7 50.7 Net sales, EUR million 53.6 49.0 30 28.4 28.1 26.4 25.5 24.0 25.0 Gross margin, % 62.1 60.4 20 Operating expenses, EUR million 23.2 20.3 10 7.4 Operating result, EUR million

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