Vaisala Oyj Class A · OMXHEX:VAIAS

Vaisala Oyj Class A — Q2 2013 Earnings Presentation

16 slides from Vaisala Oyj Class A's earnings presentation, Jul 24, 2013

  1. Slide 1: Interim report April-June 2013

    Interim report April-June 2013 Vaisala corporation July 24th, 2013

  2. Slide 2: Overview of Q2 2013

    Overview of Q2 2013  Orders received: EUR 65.6 (68.6) million, -4%  Net sales EUR 65.2 (75.3) million, -13%  Operating profit EUR 5.1 (11.4) million, -55%  Earnings per share EUR 0.20 (0.51)  Cash flow from operating activities EUR 10.2 (13.0) million  Cash and cash equivalents EUR 61.5 (48.4)

  3. Slide 3: Overview of H1 2013

    Overview of H1 2013  Orders received: EUR 124.2 (124.3) million, -0%  Net sales EUR 130.9 (134.1) million, -2%  Operating profit EUR 10.2 (12.4) million, -18%  One-time gain from product line divestment EUR 1.5 million  Earnings per share EUR 0.36 (0.50)  Cash flow from operating activities EU

  4. Slide 4: Orders, Net Sales and Order Book

    Orders, Net Sales and Order Book MEUR 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 Orders 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 58.7 65.6 Net Sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 65.2  Orders received were EUR 65.6 (68.6) million in Q2

  5. Slide 5: Orders, Net sales and Order Book

    Orders, Net sales and Order Book MEUR 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 Orders 57.0 54.8 79.5 87.6 55.7 68.6 74.3 66.1 58.7 65.6 Net sales 58.9 61.9 62.6 90.3 58.8 75.3 69.5 89.7 65.6 65.2 Order Backlog 127.1 120.0 136.9 134.3 131.1 124.5 12

  6. Slide 6: H1 2013 Net Sales by Regions

    H1 2013 Net Sales by Regions MEUR H1 2013 48.7 47.1 35.0 Change H1/2012 +2% -6% -3% H1/2013 Share of Net 37% 36% 27% Sales Page 6 / July 25th, 2013 / ©Vaisala

  7. Slide 7: Net Sales by Business Areas (MEUR)

    Net Sales by Business Areas (MEUR) H1/2013 H1/2012 Q1-Q4/2012 Weather 94.7 97.8 218.0 Products 49.6 46.6 99.7 Delivery projects 30.1 37.0 84.2 Services 14.9 14.2 34.1 Controlled Environment 36.2 36.2 75.3 Products 31.8 32.5 67.0 Services 4.4 3.7 8.2 Sales, elimination and others 0.0 0.1 0.0 TOTAL VA

  8. Slide 8: Performance by Quarter

    Performance by Quarter 100 60% MEUR 45% 75 30% 50 15% 25 0% Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Net sales Gross margin % Operating profit % Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Net sales 75.3 69.6 89.7 65.6 65.2 Cost of sales 36.1 36.1 46.6 33.6 32.1 Gross profit 39.1 33.4 43.0 32.0 33.1 Gros

  9. 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 5 Q1 2 2 2 7 3 -3 -5 -1 1 5 Full Year 29 32 39 36 38 9 1 15 30 10 Page 9 / July 25th, 2013 / ©Vaisala

  10. Slide 10: Weather (WEA) H1 2013

    Weather (WEA) H1 2013  Net sales EUR 94.7 (97.8) million, -3%  At comparable exchange rates net sales would have decreased by 2%  The decline was mainly due to volume in delivery projects  Increased net sales in Meteorology and Airports customer groups did not compensate the lower net sales in o

  11. Slide 11: Controlled Environment (CEN) H1 2013

    Controlled Environment (CEN) H1 2013  Net sales EUR 36.2 (36.2) million, -0%  At comparable exchange rates net sales would have increased by 2%  Net sales decreased in Europe and Japan whereas net sales in North America and China were growing  Net sales increased in Life Science customer group 

  12. Slide 12: Research and Development Costs H1 2013

    Research and Development Costs H1 2013 35  R&D expenses EUR 30 14.7 (13.6) million, 11.2% of net sales 25  Weather BA 12.1% 20 (10.8%) of net sales 15  Controlled Environment BA 10 9.0% (7.2%) of net sales 5  The goal is to keep the share of R&D 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 200

  13. Slide 13: Key Ratios H1 2013

    Key Ratios H1 2013 H1/2013 H1/2012 Q1-Q4/2012 Number of shares traded (kpcs) 1742 446 1,019 Earnings per share (EUR) 0.36 0.50 1.20 Cash flow from operating activities per share (EUR) 0.29 0.97 2.6 Solvency ratio 77.5% 76.0% 75% Gross capital expenditure (MEUR) 4.1 2.2 5.4 Average personnel 1,457 1,

  14. 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 Q2/2013 Page 14 / July 25th, 2013 / ©Vaisala

  15. Slide 15: Outlook

    Outlook Market outlook The global economic uncertainty continues to impact Vaisala’s business and constrain growth opportunities. In North America the budget sequestration may limit Weather Business Area’s order intake whereas the demand for Controlled Environment Business Area’s products is expecte

  16. Slide 16: Thank you

    Thank you Page 16 / July 25th, 2013 / ©Vaisala

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