Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q1 2019 Earnings Presentation

16 slides from Vaisala Oyj Class A's earnings presentation, Apr 24, 2019

  1. Slide 1: Strong orders received and good net sales growth

    Strong orders received and good net sales growth Interim Report January–March 2019 President and CEO Kjell Forsén April 24, 2019 © Vaisala

  2. Slide 2: First quarter 2019 highlights

    First quarter 2019 highlights  Orders received EUR 113.0 (87.1) million, +30%  Order book EUR 150.9 (133.4) million, +13%  Net sales EUR 84.2 (76.4) million, +10%  Gross margin 53.2 (51.3) %  Operating result EUR -0.0 (5.7) million, -0.0 (7.5) % of net sales  Earnings per share EUR 0.01 (0.10)

  3. Slide 3: Vaisala Q1 orders received increased 30%

    Vaisala Q1 orders received increased 30% MEUR 120 113.0 100 100.1 99.1 +27% 36.8 with comparable 87.1 81.5 81.3 27.6 83.5 rates 76.8 31.2 80 71.1 28.1 30.9 29.5 28.2 60 28.1 28.8 40 76.2 72.5 67.9 +15% 52.0 53.0 55.4 56.2 organic growth* 42.4 48.7 20 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18

  4. Slide 4: Vaisala order book improving

    Vaisala order book improving MEUR 160 150.9 145.0 133.6 133.4 18.2 130.3 10.7 124.8 126.5 +13% 10.0 12.2 13.4 119.2 120.6 120 10.7 14.3 Y/Y 13.0 15.7 80 134.3 132.8 120.4 121.4 114.1 120.0 112.2 +30 MEUR 106.3 104.9 40 Q/Q 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Weather and Environme

  5. Slide 5: Vaisala Q1 net sales increased 10%

    Vaisala Q1 net sales increased 10% MEUR Net sales by geographical area 120 108.3 15.0 +8% (12%) 84.1 with comparable 84.2 rates 80.1 19.1 80 76.4 32% 11.3 13.0 10.8 39% 11.2 (29) 13.5 11.5 (39) 17.2 20.2 -4% organic growth* 40 74.2 59.2 59.7 48.0 49.1 29% (32) 0 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 America

  6. Slide 6: Operating result margin burdened by increase in operating expenses

    Vaisala operating result margin burdened by increase in operating expenses MEUR % 50 46.4 20 3 MEUR 17.3% 43.0 amortization 40 16 of intangible 35.9 assets 33.5 32.5 12.9% 30 12 Increase in R&D 7.5% expenditure 20 8 14.5 13.9 5.9% 10 4 5.7 2 MEUR 4.7 one-off cost - 0.0 - 0.0% provision 0 0 Q1/18 Q2/

  7. Slide 7: Cash flow from operating activities increased

    Cash flow from operating activities increased MEUR 35 29.4 30 4.8 MEUR decrease in 25 23.0 net working capital 20 14.9 15 13.7 10.6 10 8.5 7.8 5 2.9 0 -5 -5.4 -10 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Interim Report January-March 2019 2019-04-24 © Vaisala 7

  8. Slide 8: Business Areas

    Business Areas Interim Report January–March 2019 © Vaisala

  9. Slide 9: Weather and Environment Q1 – Strong orders received, net sales growth supported by Leosphere

    Weather and Environment Q1 – Strong orders received, net sales growth supported by Leosphere  Orders received increased by 36% Organic growth MEUR Q1/19 Q1/18 Change - Increase with comparable FX rates 34% of orders received 20%* Orders received 76.2 56.2 +36% - Orders for large projects picked up

  10. Slide 10: Industrial Measurements Q1 – Record high net sales

    Industrial Measurements Q1 – Record high net sales  Orders received increased by 19% Organic growth MEUR Q1/19 Q1/18 Change - Increase with comparable FX rates 16% of orders received 6% Orders received 36.8 30.9 +19%  Order book increased by EUR 2.5 million during Q1 Order book 18.2 13.4 +36% - EU

  11. Slide 11: Key Financials, Market Outlook and Business Outlook

    Key Financials, Market Outlook and Business Outlook © Vaisala

  12. Slide 12: Key financials

    Key financials Q1/2019 Q1/2018 Change 2018 Orders received MEUR 113.0 87.1 30% 334.2 Order book MEUR 150.9 133.4 13% 120.6 Net sales MEUR 84.2 76.4 10% 348.8 Gross margin % 53.2 51.3 53.1 Operating expenses MEUR 43.0 33.5 28% 148.3 Operating result MEUR -0.0 5.7 -101% 38.9 Operating result margin %

  13. Slide 13: Market Outlook 2019

    Market Outlook 2019 Weather and Environment Industrial Measurements  Market for traditional weather observation  Market for industrial measurement solutions solutions is expected to be flat. is expected to continue to grow in all regions.  Demand is expected to improve in Europe  Demand for cont

  14. Slide 14: Business Outlook 2019

    Business Outlook 2019  Vaisala estimates its full-year 2019 net sales to be in the range of EUR 380–400 million and its operating result (EBIT) to be in the range of EUR 25–35 million including EUR 10–12 million acquisition related amortization and one-off expenses related to a lease contract. MEUR

  15. Slide 15: Questions Welcome!

    Questions Welcome! © Vaisala

  16. Slide 16: Observations for a Better World

    Observations for a Better World © Vaisala

Vaisala — Q1 2019 Earnings Presentation on 6ix