Value for investors Vaisala is a stable, globally operating company based in Finland. The company’s series A shares have been quoted on Nasdaq Helsinki stock exchange since 1994. Vaisala’s target is to maintain high solvency and to pay a stable dividend which will increase in line with net profit development.
Why invest in Vaisala? 1 Technology leader and strong market position • Leading technologies in environmental and industrial sensing with most accurate and reliable instruments, algorithms, and software • Clear market leadership position in key products, high customer satisfaction, estimated total market size over EUR 2.5 billion • High continuous investments in R&D (2019: 52.8 MEUR or 13.1% of net sales) 2 Growth potential in multiple dimensions • New technologies • New products, applications, and digital solutions by leveraging latest technologies and platforms • Geographical expansion 3 Well diversified sales mix • Vaisala is a global player in its relevant markets with representatives in more than 100 countries • 2019 geographical net sales split: 37% Americas | 30% APAC | 33% EMEA • Several customer segments in governmental and private sectors 4 Asset-light business model • High-mix–low-volume business model • Sales growth does not require capex: related annual capex around EUR 10 million • Potential for productivity improvement with volume growth 5 Strong cash generation and financial position • Enable investing in growth and long-term business development • Strong cash conversion rate (2019: 1.0) • Solvency ratio 55.7% (2019) • Gearing -2.4% (2019) 6 Solid dividend payer • Aim to distribute a stable dividend which will increase in line with net profit development • Dividend per share for the last five years paid at the average rate of 87% on earnings, and the average effective dividend yield of share 3.9% 7 Sustainable technologies in a responsible way • Reliable partner, whose corporate responsibility work has been recognized, for example, by CDP and RE100 • Member of several organizations that promote responsible business, such as Climate Leadership Coalition, Cleantech Finland, and the Caring for Climate initiative of the UN Global Compact • Technologies and products that contribute to building better informed, safer and more resource efficient societies
