Slide 1: Strong growth in Q2 orders received and net sales, operating result doubled
Strong growth in Q2 orders received and net sales, operating result doubled Half-Year Financial Report January–June 2024 Kai Öistämö, President and CEO Q2 2024
Slide 2: Both business areas performed well after the slow start of the year
Both business areas performed well after the slow start of the year Net sales Order book Q2/2024 148.4 196.9 • Strong quarter for Weather and Environment business area in all aspects. (130.8) MEUR +13% (Dec 31, 2023: 172.5) MEUR +14% • Industrial Measurements business area back on growth. • High gro
Slide 3: Instruments and intelligence for climate action
Instruments and intelligence for climate action MEGATRENDS PURPOSE SUCCESS DRIVERS STRATEGIC PRIORITIES Customer understanding and application know-how Energy transition Grow in industrial Expand in energy & decarbonization measurements transition and Taking with breakthrough build recurring Product
Slide 4: Taking every measure for safety and wellbeing
Taking every measure for safety and wellbeing Protecting medical products Safe air travel to and from the Real-time air quality data to for PostNord TPL in Sweden Dominican Republic drivers of BMW Group cars Continuous monitoring of New weather radar provides Xweather air quality monitoring warehous
Slide 5: Financials
Financials
Slide 6: Operating result doubled
Operating result doubled • Orders received and net sales grew strongly MEUR Net sales and EBIT% % 147.2 • Order book record-high EUR 196.9 million, 160 148.4 25 up 14% compared to end of 2023 140 129.3130.8 123.3 20 • Order book for 2024 EUR 122.9 million 120 112.1 • Net sales increased by 13% Y/Y 1
Slide 7: Industrial Measurements: Back on growth
Industrial Measurements: Back on growth MEUR % • Orders received increased by 8% Y/Y 70 70 • Order book up by 3% compared to end of 60 56.9 56.5 2023 52.6 52.8 51.7 66 50 48.0 64.0% • Net sales increased by 7% Y/Y 62 40 • Low comparison period 59.7% • Service sales grew by 43% 30 58.4% 58 • Gross ma
Slide 8: Weather and Environment: Strong quarter in all aspects
Weather and Environment: Strong quarter in all aspects MEUR % • Orders received increased by 18% Y/Y 100 91.9 60 90.3 • Order book up by 17% compared to end of 76.678.0 2023 80 71.5 56 • Net sales increased by 18% Y/Y 64.1 60 • Growth driven mainly by large orders received 52.7% 51.9% 52 during past
Slide 9: Cash flow continued on good level
Cash flow continued on good level • Cash flow from operating activities Change in cash (MEUR) decreased to EUR 24.8 (35.7) million despite increase in net result 7.1 19.2 10.4 6.7 • Increase in net working capital • Dividend payment of EUR 27.2 million 23.1 90.3 • Early EUR 15 million prepayment reg
Slide 10: Weak Q1 + Strong Q2 = Solid H1
Weak Q1 + Strong Q2 = Solid H1 • Net sales and gross margin flat H1/2024 H1/2023 2023 • Services sales +29% Y/Y Net sales 260.5 262.2 540.4 • Subscription sales +15% Y/Y Cost of goods sold -115.2 -116.6 -238.8 • EBIT % 11.8 (9.6) Gross profit 145.3 146.0 301.7 • Operating expenses decreased Y/Y Oper
Slide 11: Strong financial position
Strong financial position • Low leverage in the balance sheet MEUR H1/2024 H1/2023 2023 • Asset light business model Equity per share 7.27 6.51 7.39 • Early EUR 15 million prepayment Return on equity, % 17.4 14.5 18.9 regarding unsecured term loan decreased interest-bearing liabilities Solvency rati
Slide 12: Market and business outlook
Market and business outlook VAISALA
Slide 13: Market outlook for 2024
Market outlook for 2024 Power and energy Growth Liquid measurements Renewable energy Industrial instruments Stable Life science Meteorology Aviation Roads Half Year Financial Report January–June 2024 July 25, 2024 13
Slide 14: Business outlook for 2024 – estimate ranges specified
Business outlook for 2024 – estimate ranges specified Net sales Vaisala estimates that its full-year 2024 net sales will be in the range of EUR 540–570 million (earlier EUR 530–570 million). Operating result Vaisala estimates that its full-year 2024 operating result (EBIT) will be in the range of EU
Slide 15: Vaisala
VAISALA