Slide 1: Year of growth and excellent performance ended with strong net sales growth in Q4
Year of growth and excellent performance ended with strong net sales growth in Q4 Financial Statement Release January–December 2021 Kai Öistämö, President and CEO
Slide 2: Year of growth and excellent performance ended with strong net sales growth in Q4
Year of growth and excellent performance ended with strong net sales growth in Q4 ▪ Net sales growth strong in both business areas ▪ Operating result at comparison period’s level despite additional material costs related to component spot purchases ▪ Board’s dividend proposal EUR 0.68 (0.61) Orders
Slide 3: Highlights of Q4/2021: driving product and technology leadership
Highlights of Q4/2021: driving product and technology leadership Strong growth in both Innovation and portfolio Vaisala acquired business areas renewal AerisWeather Net sales grew mostly in Product portfolio renewal The acquisition (Jan/2022) industrial instruments, life continued to proceed well. a
Slide 4: Q4/2021 orders received increased by 6% Y/Y
Q4/2021 orders received increased by 6% Y/Y MEUR 500 ▪ Orders increased in Industrial +6% 450 119.0 Measurements business area but 400 decreased in Weather and Environment 111.9 business area 350 ▪ Increase strongest in industrial 300 instruments, life science, and ground 250 transportation market s
Slide 5: Q4/2021 order book increased by 16% Y/Y
Q4/2021 order book increased by 16% Y/Y MEUR Order book MEUR Order book delivery schedule 180 140 +16% 125.3 ▪ Increase in all market +25% 160 120 segments in Industrial 140 Measurements 100.1 100 ▪ Increase in ground 120 transportation and meteorology 100 80 market segments in Weather and Environme
Slide 6: Q4/2021 net sales grew by 17% Y/Y
Q4/2021 net sales grew by 17% Y/Y MEUR 500 ▪ Strong growth in both business areas +17% 450 ▪ Net sales grew mostly in industrial 125.0 400 instruments, life science, renewable 350 106.9 energy and meteorology market segments 300 250 200 150 100 50 0 2017 2018 2019 2020 Q4/21 Increase 15% in constant
Slide 7: Excellent performance continued
INDUSTRIAL MEASUREMENTS Excellent performance continued ▪ Orders received increased strongly in all market segments ▪ Order book EUR 32.9 (18.0) million, +83% MEUR Orders received 200 +42% 58.2 150 41.1 100 50 0 2017 2018 2019 2020 Q4/21 Increase 38% in constant currencies 7 Financial Statement Rele
Slide 8: Net sales growth of 26% increased operating result
INDUSTRIAL MEASUREMENTS Net sales growth of 26% increased operating result MEUR Net sales ▪ Operating result EUR 9.8 (8.3) million, 200 19.6 (20.8) % of net sales +26% 50.1 ▪ Additional material costs related to component spot purchases had a four 150 39.9 percentage point negative impact on gross m
Slide 9: Orders received decreased by 14% Y/Y
WEATHER & ENVIRONMENT Orders received decreased by 14% Y/Y ▪ Orders received decreased in meteorology market segment partly due to strong comparison period and increased in ground transportation market segment MEUR Orders received 300 -14% 250 60.8 70.8 200 150 100 50 0 2017 2018 2019 2020 Q4/21 Dec
Slide 10: Operating result burdened by additional material costs and exceptional costs
WEATHER & ENVIRONMENT Operating result burdened by additional material costs and exceptional costs MEUR Net sales ▪ Operating result EUR 2.3 (5.2) million, 300 3.1 (7.8) % of net sales 250 +12% ▪ Additional material costs related to 74.9 component spot purchases had a two 67.0 200 percentage point n
Slide 11: 1-12/2021 financials
VAISALA 1-12/2021 financials
Slide 12: 1-12/2021 operating result 11.5% of net sales
1-12/2021 operating result 11.5% of net sales 1-12/ 1-12/ ▪ 1-12/2021 net sales growth 15% MEUR 2021 2020 ▪ Growth in constant currencies 17% Net sales 437.9 379.5 ▪ Operating result increased following Cost of goods sold -196.0 -166.6 growth in net sales Gross profit 241.8 212.9 ▪ Operating result
Slide 13: Dividend development 2012–2021
Dividend development 2012–2021 EUR 1.20 1.00 0.80 0.50 0.62 0.60 0.40 0.68 0.55 0.58 0.61 0.61 0.45 0.45 0.45 0.48 0.50 0.20 0.00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021* Dividend Return of capital/Additional dividend * Boards’ proposal All dividends have been adjusted to reflect increased
Slide 14: 1-12/2021 cash flow from operating activities 80.0 MEUR
1-12/2021 cash flow from operating activities 80.0 MEUR MEUR 50.0 Cash flow from operating 39.5 activities doubled from 2020 40.0 35.5 32.8 30.8 30.0 27.3 Cash flow improvement driven by: ✓ Higher result for the period 20.0 16.6 ✓ Positive impact of net working capital 10.0 ✓ Lower capex level 0.0 -
Slide 15: Strong financial position
Strong financial position 1-12/ 1-12/ MEUR 2021 2020 Equity per share 6.36 5.70 Return on equity % 18.1 16.3 Solvency ratio % 57.2 59.0 Capital expenditure 19.2 31.0 Cash and cash equivalents 77.9 45.4 Interest-bearing liabilities 50.2 57.0 Gearing % -12.0 5.7 15 18-Feb-21 Financial Statement Releas
Slide 16: Market development and business outlook
Market development and business outlook
Slide 17: Market development
Market development Component availability remains weak and component supply constrains are expected to continue throughout 2022. Additional material costs related to spot purchases are expected to remain at high level during 2022. Growth High-end industrial instruments Life science Power industry Li
Slide 18: Business outlook for 2022
Business outlook for 2022 Net sales Vaisala estimates that its full-year 2022 net sales will be in the range of EUR 465–495 million Operating result (EBIT) Vaisala estimates that its full-year 2022 operating result (EBIT) will be in the range of EUR 55–70 million 18 18-Feb-21 Financial Statement Rel
Slide 19: Year of growth and excellent performance ended with strong net sales growth in Q4
Year of growth and excellent performance ended with strong net sales growth in Q4 ▪ Net sales growth strong in both business areas ▪ Operating result at comparison period’s level despite additional material costs related to component spot purchases ▪ Board’s dividend proposal EUR 0.68 (0.61) Orders
Slide 20: Vaisala
VAISALA