Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q2 2019 Earnings Presentation

16 slides from Vaisala Oyj Class A's earnings presentation, Jul 19, 2019

  1. Slide 1: Strong second quarter in orders, net sales and EBIT

    Strong second quarter in orders, net sales and EBIT Half Year Financial Report January–June 2019 President and CEO Kjell Forsén July 19, 2019 © Vaisala

  2. Slide 2: Second quarter 2019 highlights

    Second quarter 2019 highlights  Orders received EUR 98.0 (71.1) million, +38%  Order book EUR 151.7 (126.5) million, +20%  Net sales EUR 96.1 (80.1) million, +20%  Gross margin 54.2 (50.1) %  Operating result EUR 7.2 (4.7) million, 7.5 (5.9) % of net sales  Earnings per share EUR 0.14 (0.11) 

  3. Slide 3: Vaisala Q2 orders received increased 38%

    Vaisala Q2 orders received increased 38% MEUR 120 113.0 100 100.1 99.1 98.0 +34% 36.8 with comparable 87.1 81.5 81.3 27.6 83.5 rates 76.8 31.2 80 71.1 34.8 28.1 30.9 29.5 28.2 60 28.1 28.8 40 76.2 72.5 67.9 +18% 63.2 52.0 53.0 55.4 56.2 organic growth* 42.4 48.7 20 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2

  4. Slide 4: Vaisala order book improving

    Vaisala order book improving MEUR 160 150.9 151.7 145.0 133.6 133.4 18.2 17.4 130.3 10.7 124.8 126.5 +20% 10.0 12.2 13.4 119.2 120.6 120 10.7 14.3 Y/Y 13.0 15.7 80 134.3 132.8 134.3 Order book of 120.4 121.4 114.1 120.0 112.2 106.3 104.9 acquisitions 40 11 MEUR 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18

  5. Slide 5: Vaisala Q2 net sales increased 20%

    Vaisala Q2 net sales increased 20% MEUR Net sales by geographical area 120 108.3 15.0 96.1 +17% (12%) with comparable 84.1 84.2 12.0 rates 80.1 19.1 80 76.4 35% 11.3 13.0 16.9 36% 10.8 11.2 13.5 11.5 (29) (42) 17.2 20.2 5% organic growth* 40 74.2 67.3 59.2 59.7 48.0 49.1 (29) 30% 0 Q1/18 Q2/18 Q3/18

  6. Slide 6: Vaisala operating result increased following net sales growth and improved gross margin

    Vaisala operating result increased following net sales growth and improved gross margin MEUR % 50 46.4 20 44.7 2.2 MEUR 17.3% 43.0 amortization 40 16 of intangible 35.9 assets 33.5 32.5 12.9% 30 12 0.9 MEUR provision for 7.5% 7.5% product line 20 8 termination 14.5 13.9 5.9% 10 7.2 4 5.7 4.7 - 0.0 -

  7. Slide 7: Cash flow from operating activities negative

    Cash flow from operating activities negative MEUR 35 29.4 30 Receivables increased 25 following net 23.0 sales growth 20 14.9 15 13.7 10.6 10 8.5 7.8 5 2.9 0 -5 -5.4 -6.2 -10 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Half Year Financial Report January-June 2019 2019-07-19 © Vaisala

  8. Slide 8: Business Areas

    Business Areas Half Year Financial Report January–June 2019 © Vaisala

  9. Slide 9: Weather and Environment Q2 – strong orders received and net sales

    Weather and Environment Q2 – strong orders received and net sales  Orders received increased by 49% Organic growth MEUR Q2/19 Q2/18 Change - Increase with comparable FX rates 46% of orders received 26%* Orders received 63.2 42.4 49% - Growth generated by medium-sized orders  Order book increased b

  10. Slide 10: Industrial Measurements Q2 – strong quarter in all key figures

    Industrial Measurements Q2 – strong quarter in all key figures  Orders received increased by 21% Organic growth MEUR Q2/19 Q2/18 Change - Increase with comparable FX rates 17% of orders received 5%* Orders received 34.8 28.8 21%  Order book increased by 22% - EUR 15.3 (12.0) million scheduled to b

  11. Slide 11: Key Financials, Market Outlook and Business Outlook

    Key Financials, Market Outlook and Business Outlook © Vaisala

  12. Slide 12: Key financials

    Key financials MEUR Q2/2019 Q2/2018 Change 1-6/2019 1-6/2018 Change 2018 Orders received 98.0 71.1 38% 211.0 158.3 33% 334.2 Order book 151.7 126.5 20% 151.7 126.5 20% 120.6 Net sales 96.1 80.1 20% 180.3 156.4 15% 348.8 Gross margin, % 54.2 50.1 53.7 50.7 53.1 Operating expenses 44.7 35.9 25% 87.7 6

  13. Slide 13: Market Outlook 2019

    Market Outlook 2019 Weather and Environment Industrial Measurements  Market for traditional weather observation  Market for industrial measurement solutions solutions is expected to be flat. is expected to continue to grow in all regions.  Demand is expected to improve in Europe  Demand for cont

  14. Slide 14: Business Outlook 2019

    Business Outlook 2019  Vaisala estimates its full-year 2019 net sales to be in the range of EUR 380–400 million and its operating result (EBIT) to be in the range of EUR 25–35 million including EUR 10–12 million acquisition related amortization and one-off expenses related to a lease contract. MEUR

  15. Slide 15: Questions Welcome!

    Questions Welcome! © Vaisala

  16. Slide 16: Observations for a Better World

    Observations for a Better World © Vaisala

Vaisala — Q2 2019 Earnings Presentation on 6ix