Slide 1: Year started with strong demand
Year started with strong demand Interim Report January–March 2023 Kai Öistämö, President and CEO
Slide 2: Strong demand in Q1
Strong demand in Q1 ▪ Orders received and net sales grew by 11% ▪ Order book EUR 164 million ▪ Operating result decreased Y/Y ▪ Cash flow from operating activities clearly improved from previous year Orders received Net sales 132.0 (118.8) MEUR 131.8 (118.8) MEUR +11% +11% Subscription sales exclude
Slide 3: Q1/2023 orders received grew by 11%
Q1/2023 orders received grew by 11% MEUR Orders received 600 ▪ Orders received grew in both business areas 500 139.6 ▪ Orders increased very strongly in 400 meteorology, roads and automotive as well as in industrial instruments market 300 segments 200 +11% 100 118.8 132.0 0 2019 2020 2021 2022 Q1/23
Slide 4: Q1/2023 order book EUR 163.7 million
Q1/2023 order book EUR 163.7 million MEUR Order book MEUR Order book delivery schedule 180 140 +12% +14% 130.9 ▪ Increase in industrial 160 instruments as well as in power 120 115.0 140 and energy market segments in 100 Industrial Measurements 120 ▪ Increase in all market 100 80 segments in Weather
Slide 5: Q1/2023 net sales grew by 11%
Q1/2023 net sales grew by 11% MEUR Net sales 600 ▪ Net sales grew in both business areas, very strongly in Industrial Measurements 500 141.6 business area ▪ Net sales grew very strongly in industrial 400 instruments, life science, and power and 300 energy market segments 200 +11% 100 118.8 131.8 0 2
Slide 6: Q1/2023 operating result decreased Y/Y
Q1/2023 operating result decreased Y/Y MEUR Operating result 70 ▪ Gross margin was at previous year’s level 60 8.9% 56.1 (56.2) % 12.6 ▪ Component spot purchases had a 1.3 50 (0.4) percentage point negative impact 40 ▪ Operating expenses increased ▪ Investments in sales and marketing as 30 well as i
Slide 7: Good demand during Q1
INDUSTRIAL MEASUREMENTS Good demand during Q1 ▪ Orders received grew in industrial instruments, and liquid measurements as well as in power and energy market segments ▪ Order book EUR 38.6 (35.1) million, +10% MEUR Orders received 250 200 64.4 150 100 +9% 50 54.7 59.9 0 2019 2020 2021 2022 Q1/23 Gro
Slide 8: Very strong net sales growth
INDUSTRIAL MEASUREMENTS Very strong net sales growth MEUR Net sales ▪ Net sales grew in all market segments, 250 growth was very strong in industrial instruments, life science as well as in 60.2 200 power and energy market segments ▪ Gross margin decreased from previous 150 year and was 62.6 (64.3)
Slide 9: Strong growth in orders received
WEATHER & ENVIRONMENT Strong growth in orders received ▪ Orders received grew strongly in meteorology as well as in roads and automotive market segments ▪ Order book EUR 125.1 (111.0) million, +13% MEUR Orders received 300 75.2 250 200 150 100 +13% 50 64.0 72.1 0 2019 2020 2021 2022 Q/23 Growth 12%
Slide 10: Net sales grew 5% Y/Y
WEATHER & ENVIRONMENT Net sales grew 5% Y/Y MEUR Net sales ▪ Net sales grew in roads automotive and 350 renewable energy market segments 300 ▪ Gross margin improved from previous 250 81.3 year and was 50.2 (49.7) % ▪ Additional material costs related to 200 component spot purchases had a 0.9 150 (0.
Slide 11: 1-3/2023 financials
VAISALA 1-3/2023 financials
Slide 12: 1-3/2023 cash flow from operating activities increased
1-3/2023 cash flow from operating activities increased as a result of decrease in trade receivables MEUR 30 Cash and cash equivalents: 20.5 20 o End Q1/2023: 75.4 MEUR 13.8 14.8 o End Q4/2022: 55.5 MEUR 9.6 o End Q1/2022: 70.5 MEUR 9.3 10 7.3 6.7 o Net working capital decreased 0 -1.1 -0.7 -1.4 -3.6
Slide 13: Strong financial position
Strong financial position MEUR 1-3/2023 1-3/2022 1-12/2022 Equity per share 6.33 5.92 6.91 Return on equity % 16.0 24.8 18.7 Solvency ratio % 52.7 50.8 58.1 Capital expenditure 3.1 3.5 13.7 Cash and cash equivalents 75.4 70.5 55.5 Interest-bearing liabilities 60.4 59.7 63.4 Gearing % -6.5 -5.0 3.2 1
Slide 14: Market development and business outlook
VAIHDA KUVA Market development and business outlook
Slide 15: Market development
Market development Growth High-end industrial instruments Life science Power and energy Liquid measurements Renewable energy Roads and automotive Stable Meteorology Aviation 15 5-May-23 Interim Report January-March 2023
Slide 16: Business outlook for 2023
Business outlook for 2023 Net sales Vaisala estimates that its full-year 2023 net sales will be in the range of EUR 530–570 million Operating result (EBIT) Vaisala estimates that its full-year 2023 operating result (EBIT) will be in the range of EUR 70–85 million 16 5-May-23 Interim Report January-M
Slide 17: Strong demand in Q1
Strong demand in Q1 ▪ Orders received and net sales grew by 11% ▪ Order book EUR 164 million ▪ Operating result decreased Y/Y ▪ Cash flow from operating activities clearly improved from previous year Orders received Net sales 132.0 (118.8) MEUR 131.8 (118.8) MEUR +11% +11% Subscription sales exclude
Slide 18: VAISALA
VAISALA