Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — FY2012 Earnings Presentation

18 slides from Vaisala Oyj Class A's earnings presentation, Feb 6, 2013

  1. Slide 1: Result January-December 2012

    Result January-December 2012 Vaisala Group February 6th, 2013

  2. Slide 2: Overview of 2012

    Overview of 2012  Orders received: EUR 264.7 (278.8) million, -5%  Order book EUR 105.6 (134.3) million, -21%  Net sales EUR 293.3 (273.6) million, +7%  Operating result EUR 30.1 (16.1) million  Earnings per share EUR 1.20 (0.57)  Cash flow from business operations EUR 48.2 (37.6) million  Li

  3. Slide 3: Overview of fourth quarter 2012

    Overview of fourth quarter 2012  Orders received: EUR 66.1 (87.6) million, -25%  Net sales EUR 89.7 (90.3) million, -1%  Operating result EUR 12.4 (13.0) million  Earnings per share EUR 0.54 (0.49)  Cash flow from business operations EUR 21.5 (18.1) million Page 3 / February 6th, 2013 / ©Vaisal

  4. Slide 4: Orders, Net sales and Order Backlog

    Orders, Net sales and Order Backlog 150 MEUR 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 Orders 68.1 63.7 65.5 89.5 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 Net Sales 49.3 54.7 64.7 84.7 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7  Orders rece

  5. Slide 5: Orders, Net sales and Order Backlog

    Orders, Net sales and Order Backlog 150 MEUR 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 Orders 68.1 63.7 65.5 89.5 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 Net Sales 49.3 54.7 64.7 84.7 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 Order Backlog

  6. Slide 6: Net sales quarterly

    Net sales quarterly 400 MEUR 300 200 100 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 Q4 57 67 76 72 78 80 85 90 90 Q3 40 49 52 52 58 56 65 63 70 Q2 44 46 50 51 60 54 55 62 75 Q1 37 36 43 50 46 42 49 59 59 Full Year 178 198 221 224 243 232 253 274 293 Page 6 / February 6th, 2013 / ©Vaisala

  7. Slide 7: Net Sales by Regions (MEUR)

    Net Sales by Regions (MEUR) Q1-Q4 Q1-Q4 Change 2012 2011 Americas 108.6 110.2 -1% EMEA 107.6 90.7 +19% APAC 77.2 72.7 +6% Q4-12 vs. Q4-12 vs. Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q4-11 Q3-12 Americas 23.4 24.7 28.3 33.7 21.4 26.3 31.0 29.8 -12% -4% EMEA 19.3 18.4 18.5 34.5

  8. Slide 8: Performance by Quarter

    Performance by Quarter 100.0 60% MEUR 75.0 45% 50.0 30% 25.0 15% 0.0 0% Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Net sales Gross margin % Operating result % Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Net sales 58.9 61.9 62.6 90.3 58.8 75.3 69.6 89.7 Cost o

  9. Slide 9: Operating result quarterly

    Operating result quarterly 40 MEUR 20 0 -20 2004 2005 2006 2007 2008 2009 2010 2011 2012 Q4 16 15 20 16 14 7 12 13 12 Q3 4 7 9 5 9 5 -6 1 5 Q2 6 8 9 9 12 0 0 2 11 Q1 2 2 2 7 3 -3 -5 -1 1 Full Year 29 32 39 36 38 9 1 15 30 Page 9 / February 6th, 2013 / ©Vaisala

  10. Slide 10: Vaisala result development 2007-2012

    Vaisala result development 2007-2012 60 MEUR 50 40 30 20 10 0 2007 2008 2009 2010 2011 2012 Net Result 26 28 7 10 10 22 Operating result 35 38 12 12 16 30 Operating result before depreciations 44 46 22 26 31 46 Earning per Share 1.42 1.56 0.38 0.56 0.57 1.20 Page 10 / February 6th, 2013 / ©Vaisala

  11. Slide 11: Weather (WEA) Q1-Q4 2012

    Weather (WEA) Q1-Q4 2012  Net sales EUR 218.0 (201.8) million, +8%  At comparable exchange rates net sales would have increased by 5%  Net sales increase took place in almost all customer groups and Weather Business Area grew both in delivery projects and in product business.  Orders received EU

  12. Slide 12: Controlled Environment (CEN) Q1-Q4 2012

    Controlled Environment (CEN) Q1-Q4 2012  Net sales EUR 75.3 (71.7) million, +5%  At comparable exchange rates net sales would have decreased by 1%  Orders received EUR 75.7 (69.7) million, +9%  Order book EUR 4.4 (4.0) million, +10%  Operating result EUR 9.4 (10.5) million, -10%  The decrease

  13. Slide 13: Research and Development costs Q1-Q4 2012

    Research and Development costs Q1-Q4 2012  R&D expenses EUR 28.0 million, 9.6% of net sales  Weather BA 10.0% (11.0%) of net sales  Controlled Environment BA 8.2% (8.1%) of net sales  The goal is to keep the share of R&D expenses at around 10% of net sales Page 13 / February 6th, 2013 / ©Vaisala

  14. Slide 14: Key figures Q1-Q4 2012

    Key figures Q1-Q4 2012 Q1-Q4 2012 Q1-Q4 2011 Net sales 293.3 MEUR 273.6 MEUR Services net sales 42.3 MEUR 40.8 MEUR Operating result 30.1 MEUR 16.1 MEUR Result before taxes 29.1 MEUR 16.1 MEUR Net result 21.7 MEUR 10.4 MEUR Capital expenditure 5.8 MEUR 16.7 MEUR R&D expenditure (of net sales) 10 % 1

  15. Slide 15: Vaisala Group ROE %

    Vaisala Group ROE % 16.0% 12.0% 8.0% 4.0% 0.0% ‐4.0% ‐8.0% Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Page 15 / February 6th, 2013 / ©Vaisala

  16. Slide 16: The Vaisala Board of Directors proposes to the Annual General Meeting

    The Vaisala Board of Directors proposes to the Annual General Meeting  Dividend of EUR 0.90 (0.65) per share for the fiscal year 2012  Return of capital EUR 1.23 per share Page 16 / February 6th, 2013 / ©Vaisala

  17. Slide 17: Outlook

    Outlook Market outlook The global economic uncertainty continues to impact Vaisala’s business and constrain growth opportunities. The market in North America is expected to gradually recover. The cuts in governmental spending and uncertainty of new project timings are expected to impact Weather Busi

  18. Slide 18: Thank you

    Thank you

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