Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — FY2014 Earnings Presentation

27 slides from Vaisala Oyj Class A's earnings presentation, Feb 12, 2015

  1. Slide 1: Interim Report January–December 2014

    Interim Report January–December 2014 Vaisala Corporation February 12, 2015

  2. Slide 2: Overview of Q4/2014

    Overview of Q4/2014  Orders received EUR 87.1 (82.7) million, +5%  Order book EUR 129.2 (122.0) million, +6%  Net sales EUR 95.7 (80.5) million, +19%  Gross margin 52.5% (48.7%)  Operating result EUR 14.9 (3.1) million, +388%  Earnings per share EUR 0.73 (0.10)  Cash and cash equivalents EUR

  3. Slide 3: Orders, Net Sales and Order Book (MEUR)

    Orders, Net Sales and Order Book (MEUR) 150.0 120.0 90.0 60.0 30.0 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 Orders 55.7 68.6 74.3 66.1 58.7 65.6 76.0 82.7 68.6 70.6 68.8 87.1 Net sales 58.8 75.3 69.5 89.7 65.6 65.2 61.9 80.5 57.5 68.7 77.9 9

  4. Slide 4: Net Sales by Business Area (MEUR)

    Net Sales by Business Area (MEUR) 100.0 90.0 22.3 80.0 18.3 70.0 18.0 20.6 18.5 60.0 20.8 18.9 18.1 18.1 50.0 17.7 19.0 18.3 40.0 71.3 73.3 30.0 56.8 62.4 57.3 48.9 47.5 47.1 49.8 20.0 41.0 42.9 39.1 10.0 0.0 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/

  5. Slide 5: Net Sales by Business Type (MEUR)

    Net Sales by Business Type (MEUR) 10-12/2014 10-12/2013 2014 2013 Weather 73.3 62.4 219.6 200.0 Products 30.3 27.4 92.1 97.3 Delivery projects 29.8 24.3 83.8 70.0 Services 13.3 10.7 43.7 32.7 Controlled Environment 22.3 18.0 80.2 73.2 Products 19.8 15.5 70.7 64.2 Services 2.6 2.5 9.4 9.0 Sales, elim

  6. Slide 6: Net Sales by Regions

    Net Sales by Regions Americas EMEA APAC Q4/2014 36.2 35.8 23.7 MEUR Change Q4/2014 +7% +24% +33% Q4/2013 Share of net sales 38% 37% 25% 2014 112.1 111.8 75.9 MEUR Change 2014 +4% +13% +14% 2013 Share of net sales 37% 37% 25% Page 6 © Vaisala 2015-02-12 Financial Statements 2014

  7. Slide 7: Foreign Exchange Rate Effect on Net Sales (MEUR)

    Foreign Exchange Rate Effect on Net Sales (MEUR)  Foreign exchange rate effect mainly from USD/EUR  Comparable exchange rates: translation impact eliminated Q4/2014 Q4/2013 Q4/2014 At comparable Currency Reported Reported exchange rates effect Weather 73.3 62.4 70.9 +2.4 Controlled Environment 22.

  8. Slide 8: Performance by Quarter

    Performance by Quarter 105 30% 95 85 20% 75 65 10% 55 45 0% 35 25 -10% Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Net sales Operating result % Page 8 © Vaisala 2015-02-12 Financial Statements 2014

  9. Slide 9: Performance by Quarter

    Performance by Quarter EUR million Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Net sales 65.6 65.2 61.9 80.5 57.5 68.7 77.9 95.7 Costs of sales 33.6 32.1 31.9 41.3 29.8 34.5 36.8 45.5 Gross profit 32.0 33.1 30.0 39.2 27.6 34.2 41.1 50.2 Gross margin % 49% 51% 48% 49% 48% 50% 53% 52% Sales, marke

  10. Slide 10: Weather in Q4/2014

    Weather in Q4/2014  Orders received EUR 65.4 (64.1) million, +2%  Growth came from all customer groups except Meteorology and New Weather Markets  Order book EUR 123.7 (116.2) million, +7%  Net sales EUR 73.3 (62.4) million, +17%  At comparable exchange rates net sales would have increased by 1

  11. Slide 11: Controlled Environment in Q4/2014

    Controlled Environment in Q4/2014  Orders received EUR 21.7 (18.6) million, +17%  Growth came from both customer groups  Order book EUR 5.5 (5.8) million, -5%  Net sales EUR 22.3 (18.0) million, +24%  At comparable exchange rates net sales would have increased by 20%  Growth came from both cus

  12. Slide 12: R&D Costs

    R&D Costs  R&D expenses were EUR 36 32 34.0 (28.9) million, 11.3% 28 (10.6%) of net sales  The increase was mainly due to 24 R&D expenses of the acquired 20 companies, as well as investments in new offering 16 development and renewing 12 instrument portfolio 8  Weather 11.7% (11.2%) of 4 net sale

  13. Slide 13: Overview 1-12/2014

    Overview 1-12/2014 2015-02-12 13 Financial Statements 2014

  14. Slide 14: Overview of 1–12/2014

    Overview of 1–12/2014  Orders received EUR 295.0 (282.9) million, +4%  Net sales EUR 299.7 (273.2) million, +10%  Gross margin 51.1% (49.2%)  Operating result EUR 26.4 (18.1) million, +46%  Earning per share EUR 1.30 (0.60)  Cash flow from operating activities EUR 23.8 (28.2) million  Dividen

  15. Slide 15: Foreign Exchange Rate Effect on Net Sales (MEUR)

    Foreign Exchange Rate Effect on Net Sales (MEUR)  Foreign exchange rate effect mainly from JPY/EUR and AUD/EUR  Comparable exchange rates: translation impact eliminated 2014 2013 2014 At comparable Currency Reported Reported exchange rates effect Weather 219.6 200.0 219.4 +0.2 Controlled Environme

  16. Slide 16: Weather in 1-12/2014

    Weather in 1-12/2014  Orders received EUR 215.2 (208.3) million, +3%  Orders increased in all other customer groups except in Meteorology  Order book EUR 123.7 (116.2) million, +7%  Net sales EUR 219.6 (200.0) million, +10%  At comparable exchange rates net sales would have increased by 10%  G

  17. Slide 17: Controlled Environment in 1-12/2014

    Controlled Environment in 1-12/2014  Orders received EUR 79.8 (74.6) million, +7%  Orders received increased in both customer groups  Order book EUR 5.5 (5.8) million, -5%  Net sales EUR 80.2 (73.2) million, +9%  At comparable exchange rates net sales would have increased by 11%  Net sales inc

  18. Slide 18: Key Ratios in 2014

    Key Ratios in 2014 2014 2013 Earnings per share, EUR 1.30 0.60 Equity per share, EUR 9.41 8.80 Cash flow from operating activities per share, EUR 1.32 1.55 Solvency ratio 70.6% 71.6% Return on equity 14.3% 6.3% Capital expenditure, MEUR 7.9 7.1 Personnel at the end of period 1,613 1,563 Page 18 © Va

  19. Slide 19: Market and Business Outlook

    Market and Business Outlook 2015-02-12 19 Financial Statements 2014

  20. Slide 20: Market Outlook 2015

    Market Outlook 2015  The market conditions that Vaisala faces in different markets vary significantly.  Competition in weather observation market is expected to continue intensifying.  The market for industrial measurement and life science solutions is expected to remain favorable in Americas and

  21. Slide 21: Business Outlook 2015

    Business Outlook 2015  Vaisala estimates its full year 2015 net sales to be in the range of EUR 285–315 million and the operating result (EBIT) in the range of EUR 20–30 million. Net sales Operating result 300.0 35 299.7 293.3 30 30.2 25 26.4 273.6 273.2 20 250.0 253.2 15 18.1 16.1 10 11.8 5 200.0

  22. Slide 22: Restructuring for Growth

    Restructuring for Growth

  23. Slide 23: Key Objectives for Planned Changes

    Key Objectives for Planned Changes Objective Planned action  Improved ability to execute growth  Optimize segment and regional structure to strategies. best serve the needs of each business area.  Stronger alignment between business and functions, including services creation and  Integrate Servi

  24. Slide 24: Planned Vaisala Structure

    Planned Vaisala Structure Weather Controlled Environment  Better support for future growth of Meteorology Regional sales AMER Sales business areas  Improved Transportation Regional sales EMEA Sales efficiency Energy Regional sales APAC Sales  Simplified Project and Customer Services operating mod

  25. Slide 25: Vaisala Values

    Vaisala Values  Customer focus We strive for deep understanding of our customers' needs and aim at meeting them in everything we do.  Innovation and Renewal We embrace pioneering innovation and drive change through continuous improvement and learning.  Strong Together We excel by sharing, learnin

  26. Slide 26: Next Report

    Next Report  January-March Interim Report  Vaisala will publish its January–March Interim Report on Tuesday, April 28, 2015 at approximately 2:00 p.m. Finnish time  www.vaisala.com/investors Page 26 © Vaisala 2015-02-12 Financial Statements 2014

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