Vaisala Oyj Class A · OMXHEX:VAIAS
Vaisala Oyj Class A — Q1 2013 Earnings Presentation
16 slides from Vaisala Oyj Class A's earnings presentation, Apr 24, 2013
Slide 1: Interim report January-March 2013
Interim report January-March 2013 Vaisala corporation April 24th, 2013
Slide 2: Overview of First Quarter 2013
Overview of First Quarter 2013 Orders received: EUR 58.7 (55.7) million, +5% Net sales EUR 65.6 (58.8) million, +12% Operating profit EUR 5.1 (1.0) million One-time gain from product line divestment EUR 1.5 million Earnings per share EUR 0.16 (-0.01) Cash flow from business operations EU
Slide 3: Orders, Net Sales and Order Book
Orders, Net Sales and Order Book 150 MEUR 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 2013 Orders QTD 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 58.7 Net Sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 Orders received were EUR 58.7 million in January-March 2013 and
Slide 4: Orders, Net sales and Order Book
Orders, Net sales and Order Book 150 MEUR 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 2013 Orders QTD 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 58.7 Net Sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 Order Book 127.1 120.0 136.9 134.3 131.1 124.5 129.2 105.6 98.6
Slide 5: Net Sales by Quarter
Net Sales by Quarter 400 MEUR 300 200 100 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 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 66 Full Year 178 198 221 224 243 232 253 274 293 66 Page 5 / April 24th, 2013 / ©Vaisa
Slide 6: Net Sales by Regions
Net Sales by Regions MEUR Q1 2013 24.0 25.3 16.3 Change Q1/2012 +12% +10% +14% Q1/2013 Share of Net 37% 39% 25% Sales Page 6 / April 24th, 2013 / ©Vaisala
Slide 7: Net Sales by Business Areas (MEUR)
Net Sales by Business Areas (MEUR) Q1/2013 Q1/2012 Q1-Q4/2012 Weather 47.5 41.0 218.0 Products 24.1 19.4 99.7 Projects 15.5 13.7 84.2 Services 7.9 7.9 34.1 Controlled Environment 18.1 17.7 75.3 Products 16.0 16.1 67.0 Services 2.1 1.6 8.2 Sales, elimination and others 0.0 0.1 0.0 TOTAL VAISALA SALES
Slide 8: Performance by Quarter
Performance by Quarter 100 60% MEUR 45% 75 30% 50 15% 25 0% Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Net sales Gross margin % Operating result % Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Net sales 58.8 75.3 69.6 89.7 65.6 Cost of production and procurement -29.2 -36.1 -36.1 -46.6 -33.6 Gross profit 29.
Slide 9: Operating Profit by Quarter
Operating Profit by Quarter 40 MEUR 30 20 10 0 -10 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 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 5 Full Year 29 32 39 36 38 9 1 15 30 5 Page 9 / April 24th, 2013 / ©Vaisala
Slide 10: Weather (WEA) Q1 2013
Weather (WEA) Q1 2013 Net sales EUR 47.5 (41.0) million, +16% At comparable exchange rates net sales would have increased by 17% Weather Business Area grew in almost all customer groups compared to previous year and most significantly in meteorology customer group Orders received EUR 40.9 (3
Slide 11: Controlled Environment (CEN) Q1 2013
Controlled Environment (CEN) Q1 2013 Net sales EUR 18.1 (17.7) million, +2% At comparable exchange rates net sales would have increased by 5% Net sales growth in North America was strong but flat sales development in Japan was not expected Orders received EUR 17.7 (19.0) million, -7% Order
Slide 12: Research and Development Costs Q1 2013
Research and Development Costs Q1 2013 35 MEUR; % 30 R&D expenses EUR 7.6 million, 11.6% of 25 net sales Weather BA 12.6% 20 (13.7%) of net sales 15 Controlled Environment BA 10 9.0% (8.3%) of net sales 5 The goal is to keep the share of R&D 0 expenses at around 2000 2001 2002 2003 2004 2005
Slide 13: Key Ratios Q1 2013
Key Ratios Q1 2013 Q1/2013 Q1/2012 Q1-Q4/2012 Number of shares traded (kpcs) 1,239 191 1,019 Earnings per share (EUR) 0.16 -0.01 1.20 Cash flow from operations per share (EUR) -0.3 0.2 2.6 Solvency ratio 70.4% 70.4% 75% Gross capital expenditure (MEUR) 1.7 1.0 5.4 Average personnel 1,445 1,386 1,422
Slide 14: 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 Q1/2013 Page 14 / April 24th, 2013 / ©Vaisala
Slide 15: 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
Slide 16: Thank you
Thank you