Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q4 2016 Earnings Presentation

14 slides from Vaisala Oyj Class A's earnings presentation, Feb 8, 2017

  1. Slide 1: Financial Statement Release 2016

    2017‐02‐08 Financial Statement Release 2016 Vaisala Corporation February 8, 2017 October–December 2016 2017-02-08 2 Financial Statement Release 2016 1

  2. Slide 2: October–December 2016 highlights

    2017‐02‐08 October–December 2016 highlights  Orders received EUR 93.0 (88.4) million, +5%  Order book EUR 118.0 (129.2) million, -9%  Net sales EUR 93.0 (101.1) million, -8%  Gross margin 52.1% (54.1%)  Operating result EUR 14.6 (19.1) million  Earnings per share EUR 0.79 (0.98)  Cash flow fr

  3. Slide 3: Vaisala order book decreased 9%

    2017‐02‐08 Vaisala order book decreased 9%  Order book EUR 118.0 (129.2) million, -9% MEUR 160  The order book decreased in all geographical areas 140 8.1 7.5 129.2 7.8 7.0 118.0  EUR 79.3 million of the order book is 120 6.8 8.7 8.3 8.6 scheduled to be delivered in 2017 100  Weather Business Ar

  4. Slide 4: Americas Q4 net sales accounted for half of Vaisala net sales

    2017‐02‐08 Americas Q4 net sales accounted for half of Vaisala net sales % of net sales in Q4/2016 EUR million Q4/2016 Q4/2015 Change % 24% 26% EMEA 24.3 33.8 -28 (25%) (33%) Americas 46.1 42.3 9 APAC 22.6 25.0 -10 Total 93.0 101.1 -8 50% (42%) EMEA Americas APAC Page 7 © Vaisala 2017-02-08 Financia

  5. Slide 5: Controlled Environment Q4 net sales increased 8%

    2017‐02‐08 Controlled Environment Q4 net sales increased 8% % of net sales in Q4/2016 MEUR 30 2.7 26.4 10% 24.5 25 2.6 (9%) 2.3 2.7 2.6 2.4 2.7 20 2.2 15 25.7 22.2 22.3 23.7 10 21.0 20.9 21.3 19.3 5 90% (91%) 0 Products Services Products Services Page 9 © Vaisala 2017-02-08 Financial Statement Relea

  6. Slide 6: Weather operating result reflects low net sales

    2017‐02‐08 Weather operating result reflects low net sales Net sales and operating result MEUR Q4/2016 Q4/2015 90 76.6 Net sales, EUR million 66.7 76.6 70 66.7 58.4 Gross margin, % 48.0 51.9 53.3 53.4 50.6 50 44.7 Operating expenses, EUR million 22.5 24.7 37.2 30 Operating result, EUR million 9.5 15

  7. Slide 7: January–December 2016 highlights

    2017‐02‐08 January–December 2016 2017-02-08 13 Financial Statement Release 2016 January–December 2016 highlights  Orders received EUR 311.3 (320.0) million, -3%  Net sales EUR 319.1 (318.5) million, flat  Gross margin 51.6% (51.1%)  Operating result EUR 22.3 (29.6) million  Operating result exc

  8. Slide 8: Vaisala orders received decreased 3%

    2017‐02‐08 Vaisala orders received decreased 3%  Orders received EUR 311.3 (320.0) million, -3% MEUR  The decrease came from EMEA and Americas 350.0 320.0 311.3  Weather Business Area 300.0 94.4  EUR 206.0 (225.6) million, -9% 250.0 74.6 79.8 105.3  The decrease came from Transportation and 75.

  9. Slide 9: Vaisala net sales increased in Americas and APAC

    2017‐02‐08 Vaisala net sales increased in Americas and APAC % of net sales in 2016 EUR million 2016 2015 Change % 27% 29% EMEA 92.0 105.1 -12 (26%) (33%) Americas 140.9 132.0 7 APAC 86.2 81.3 6 Total 319.1 318.5 0 44% (41%) EMEA Americas APAC Page 17 © Vaisala 2017-02-08 Financial Statement Release

  10. Slide 10: Controlled Environment 2016 net sales increased 11%

    2017‐02‐08 Controlled Environment 2016 net sales increased 11% % of net sales in 2016 EUR million 2016 2015 Change % 10% (10%) Products 93.0 83.5 11 Services 10.7 9.5 12 Net sales, total 103.7 93.0 11 At comparable 90% 102.9 93.0 11 exchange rates (90%) Products Services Page 19 © Vaisala 2017-02-08

  11. Slide 11: Transportation business reshaped

    2017‐02‐08 Transportation business reshaped  Vaisala divested partly its Transportation business in the U.S.  Reduction of 64 employees of which 11 were offered a new job in Vaisala  Restructuring expenses recognized EUR 2.1 million  Already realized cost savings EUR 2.4 million (estimated annua

  12. Slide 12: Cash flow from operations increased in 2016

    2017‐02‐08 Cash flow from operations increased in 2016  Cash flow from operations increased to EUR 41.8 MEUR (38.8) million as a result of better working capital 60 development and increased EBITDA 50  Cash and cash equivalents EUR 72.4 (59.2) million  Dividend paid EUR 17.1 million 40  Purchase

  13. Slide 13: Market Outlook 2017

    2017‐02‐08 Market Outlook 2017  Latest forecasts for global economy development refer to moderate outlook. Increase in commodity prices, especially in crude oil, is expected to improve outlook of several emerging economies. Vaisala is expecting stable market in 2017 both for weather observation and

  14. Slide 14: Questions Welcome!

    2017‐02‐08 Questions Welcome! Observations for a Better World Page 28 © Vaisala 2017-02-08 Financial Statement Release 2016 14

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