Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q3 2016 Earnings Presentation

15 slides from Vaisala Oyj Class A's earnings presentation, Oct 26, 2016

  1. Slide 1: Interim Report January-September 2016

    Interim Report January-September 2016 Vaisala Corporation October 26, 2016 Overview of July–September 2016 2016-10-26 2 Interim Report January-September 2016 1

  2. Slide 2: Vaisala net sales at last year's level

    Vaisala net sales at last year’s level Q3/2016 Q3/2015 Change % Orders received, EUR million 76.6 84.3 -9 Order book, EUR million 114.8 139.7 -18 Net sales, EUR million 81.8 81.7 0 Gross margin, % 53.9 53.3 Operating result, EUR million 5.3 14.1 Operating result, % 6.5 17.2 Operating result, excludi

  3. Slide 3: Vaisala order book decreased in all regions

    Vaisala order book decreased in all regions  Order book EUR 114.8 (139.7) million, -18% 160  The decrease came from all regions 140 7.8 8.1 7.5 7.0 120 6.8 8.7 8.3  Weather Business Area 100  EUR 106.4 (132.2) million, -19% 80  The decrease came from Meteorology 129.7 132.3 132.2 60 122.2 115.2

  4. Slide 4: Weather project deliveries decreased by 23%

    Weather project deliveries decreased by 23% EUR million Q3/2016 Q3/2015 Change % Net sales 53.4 58.4 -8 80 Products 30.4 31.4 -3 12.2 Projects 14.4 18.6 -23 60 8.4 23.1 Services 8.7 8.4 4 9.0 8.7 8.6 At comparable 40 18.6 8.9 53.5 58.4 -8 14.4 exchange rates 8.7 19.7 17.0 9.9 % of net sales in Q3/20

  5. Slide 5: Vaisala net sales increased in APAC by 11%

    Vaisala net sales increased in APAC by 11% EUR million Q3/2016 Q3/2015 Change, % % of net sales in Q3/2016 EMEA 23.1 23.9 -3 Americas 35.4 36.9 -4 29% 28% APAC 23.3 20.9 11 Total 81.8 81.7 0 43% EMEA Americas APAC Page 9 © Vaisala 2016-10-26 Interim Report January-September 2016 Vaisala operating re

  6. Slide 6: Weather operating result impacted by write-down of intangible assets

    Weather operating result impacted by write-down of intangible assets Q3/ Q3/ Net sales and operating result 2016 2015 90 Net sales, EUR million 53.4 58.4 76.6 80 Gross margin, % 50.7 49.6 70 58.4 60 53.3 50.6 53.4 Operating expenses, EUR million 30.3 20.8 50 44.7 37.2 Operating result, EUR million -

  7. Slide 7: Overview of January-September 2016

    Overview of January-September 2016 2016-10-26 13 Interim Report January-September 2016 Vaisala net sales increased by 4% 1-9/2016 1-9/2015 Change % Orders received, EUR million 218.3 231.7 -6 Order book, EUR million 114.8 139.7 -18 Net sales, EUR million 226.0 217.4 4 Gross margin, % 51.4 49.8 Opera

  8. Slide 8: Vaisala orders received decreased by 6%

    Vaisala orders received decreased by 6% EUR million 1-9/2016 1-9/2015 Change, % Weather 139.5 161.2 -13 Controlled Environment 78.8 70.4 12 Total 218.3 231.7 -6  Vaisala orders received decreased in Americas and EMEA  Weather orders received decreased in Meteorology Infrastructure and Transportati

  9. Slide 9: Weather net sales at last year's level

    Weather net sales at last year’s level EUR million 1-9/2016 1-9/2015 Change % % of net sales in 1-9/2016 Products 81.2 74.9 8 Projects 41.3 47.9 -14 18% Services 26.2 26.1 1 Products Net sales, total 148.7 148.8 0 Projects 28% 54% At comparable Services 148.7 148.8 0 exchange rates Page 17 © Vaisala

  10. Slide 10: Vaisala net sales grew in APAC and Americas

    Vaisala net sales grew in APAC and Americas EUR million 1-9/2016 1-9/2015 Change, % % of net sales in 1-9/2016 EMEA 67.7 71.3 -5 Americas 94.8 89.7 6 28% 30% EMEA APAC 63.5 56.3 13 Americas Total 226.0 217.4 4 42% APAC Page 19 © Vaisala 2016-10-26 Interim Report January-September 2016 Vaisala operat

  11. Slide 11: Weather operating result excluding write-down increased EUR 4.3 million

    Weather operating result excluding write- down increased EUR 4.3 million 1-9/2016 1-9/2015 Change % Net sales, EUR million 148.7 148.8 -0 Gross margin, % 46.9 45.1 Operating expenses, EUR million 75.8 67.2 13 Operating result, EUR million -6.1 0.1 Operating result, % -4.1 0.1 Operating result, exclu

  12. Slide 12: Consistent investment in R&D enable world class products

    Consistent investment in R&D enable world class products 40  In Q3/2016, R&D expenses were 35 8.5 (8.0) MEUR, 10.4% 9.4 (9.8%) of net sales 30 8.2  Weather 11.1% (10.4%) of net sales 25 5.8 6.2 6.5 8.2  Controlled Environment 8.9% (8.4%) of 20 net sales 15 10  In 1-9/2016, R&D expenses were 27.9

  13. Slide 13: Market and Business Outlook

    Weather reshapes Transportation  Transportation business unit will focus on product leadership, delivery capability and expansion of information services in order to drive growth, profitability and customer focus.  Transportation business unit will exit the field service business, in all countries

  14. Slide 14: Market Outlook 2016

    Market Outlook 2016  As typical, in weather observation market customer activity is expected to improve seasonally towards the end of the year. However, political instability, budgetary constraints and slow activity in weather radar market are expected to affect Vaisala’s deliveries in the fourth q

  15. Slide 15: Questions Welcome!

    Questions Welcome! Observations for a Better World Page 30 © Vaisala 2016-10-26 Interim Report January-September 2016 15

Vaisala — Q3 2016 Earnings Presentation on 6ix