ANNUAL GENERAL MEETING 31 March 2015 Summary of the abstentions and - PowerPoint PPT Presentation

ANNUAL GENERAL MEETING 31 March 2015

Summary of the abstentions and opposing votes given by the holders of nominee registered shares represented by Nordea Bank Finland Plc, Skandinaviska Enskilda Banken AB (publ) and Svenska Handelsbanken Nordea SEB Handelsbanken Item Topic Abstain Against Abstain Against Abstain Against Total 7 Adoption of the annual accounts - - 74 053 - - - 74 053 8 Resolution on the use of the profit shown - - 120 846 2 334 - - 123 180 on the balance sheet and the payment of dividend 9 Resolution on the discharge of the - - 74 053 - - - 74 053 members of the board and the CEO from liability 10 Resolution on the amendments of the - - - - - - 0 Articles of Association 11 Resolution on the remuneration of the - - - - - - 0 members of the board and reimbursement of travel expenses 12 Resolution on the number of members of - 38 805 - - - - 38 805 the board 13 Election of the members of the board - 528 828 - 45 936 - - 574 764 14 Resolution on the remuneration of auditors - 105 887 - 34 263 - - 140 150 15 Resolution on the number of the auditors - - - - - - 0 16 Election of auditor - 67 082 - 36 597 - - 103 679 17 Authorization of the board to decide on the 38 805 - - 120 846 - - 159 651 acquisition and/or on the acceptance as pledge of the Company's own shares 18 Authorization of the board to decide on - 1 538 163 - 120 846 - - 1 659 009 share issue as well as option rights and other special rights entitling to shares 19 Donations for charitable purposes - - - - 960 964 - 960 964 20 Resolution on the establishment of a - - - - - - 0 Shareholder's Nomination Committee

ANNUAL GENERAL MEETING Vesa Koivula President and CEO 31 March 2015

Cramo’s year 2014 Finland • Weaker than expected market Norway Russia Sweden Estonia • Improved result towards year-end Denmark Latvia Lithuania Kalinin- grad Belarus • New focused Group strategy Poland Germany Czech Republic Ukraine Slovakia Switzerland Moldova Austria Hungary Slovenia Romania Croatia Bosnia and Serbia Bulgaria Herzegovina Number of depots Macedonia 12/2014: 329 Albania 4

Cramo sales and EBITA development 2004-14 Strategic theme Operational Domestic growth International expansion Cramo Story excellence 688 680 657 652 580 Sales and EBITA (€ m) 496 492 447 402 Acquisition of Acquisition of Cramo Group Theisen Group 77 71 102 96 80 78 73 71 70 34 18 17 14 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Cramo Group Sales Cramo Group EBITA (after non-recurring items) 5

Sales and EBITA by business segment 2013-14 CENTRAL EASTERN FINLAND SWEDEN NORWAY DENMARK EUROPE EUROPE Sales growth: Sales growth: Sales growth: Sales growth: Sales growth: Sales growth: +1.6% -1.2% (+3.9%*) -9.3% (-2.9%*) +3.6% +4.1% -5.4% (-4.5%*) EBITA margin: EBITA margin: EBITA margin: EBITA margin: EBITA margin: EBITA margin: 18.8% 19.6% 17.5% 17.8% 7.3% 5.4% 0.1% -11.4% -1.4% -7.7% 15.5% 12.3% 317 313 104 103 91 83 78 75 53 50 30 29 55 56 19 20 8 7 6 4 0 -1 -3 -6 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 Sales EBITA (after non-recurring items) 6 * Sales change in local currency

Cramo Group sales overview Generally stable development, share of modular space increased FY2014 (Sales EUR 652m) FY2013 (Sales EUR 657m) 4 % 4 % Construction Construction 2 % 3 % 14 % Other Industry Other Industry 15 % OUR Public sector 55 % Public sector 55 % CUSTOMERS 25 % Households Households 24 % Other Other 3 % 2 % Tools Tools 14 % 14 % Constr. equipment Constr. equipment 31 % 31 % OUR Access equipment Access equipment 12 % 14 % Modular space Modular space PRODUCTS* Site huts Site huts 15 % 23 % 17 % 23 % Other Other 8 % Sweden 8 % Sweden Finland Finland 12 % 11 % OUR 4 % 4 % 48 % 48 % Norway Norway 13 % 14 % PRESENCE Denmark Denmark Central Europe Central Europe 16 % 15 % Eastern Europe Eastern Europe * Sales generated from rental-related services have been allocated to product groups 7

Capital expenditure 300 262,5 Gross capital expenditure (EUR million) 250 115,4 200 159,1 11,4 150 129,6 125,1 Organic net capital 0,8 expenditure: 29,1 EUR 120.6m 86,2 100 147,1 147,7 32,7 124,3 50 100,5 31,9 0,5 53,5 31,5 0 2009 2010 2011 2012 2013 2014 CapEx CapEx, acquisitions 8

Stable capital structure 600 160% 149,3 % 140% Net interest-bearing debt, EUR million 500 113,4 % 120% 109,4 % 103,4 % 400 100% 84,7 % Gearing 78,7 % 72,9 % 300 80% 65,1 % 477 60% 200 390 384 383 385 365 365 347 40% 100 20% 0 0% 2007 2008 2009 2010 2011 2012 2013 2014 Net interest-bearing debt Gearing 9

Cash flow development 200 150 160,3 146,0 138,7 138,5 Cash Flow (EUR million) 121,0 118,3 100 76,6 68,3 65,4 50 62,2 50,3 27,4 0 -6,5 -36,6 -55,3 -50 -95,6 -100 -150 2007 2008 2009 2010 2011 2012 2013 2014 Cash flow from operations Cash flow after investments 10

Earnings and Dividend per share 2,00 1,70 1,43 1,50 1,01 0,94 0,91 1,00 * 0,60 0,60 0,59 0,55 0,42 0,50 0,37 0,30 EPS/DPS (EUR) 0,18 0,09 0,00 0,00 -0,06 -0,50 -1,00 -1,18 -1,50 2007 2008 2009 2010 2011 2012 2013 2014 Earnings per share (EPS) Dividend per share (DPS) EPS before NRIs * Board proposal for year 2014 dividend 11

Financial target realisation in 2014 Profit Profitability Debt leverage Sales Return on equity distribution EBITA-% > 15 % of Profit distribution Gearing maximum Sales growth faster ROE > 12 % over a sales over a business policy: stability, with 100 % than the market business cycle cycle appr. 40 % of EPS Target Level CAGRs 09-14 Target Level Target Level 1,01 0,94 8,3 % 0,91 8,1 % ** 7,5 % 5,4 % 0,60 0,60 0,55 0,42 0,00 0,09 0,30 113,4 % Target Level 7,8 % 103,4 % -0,6 % -0,06 12,2 % 84,7 % 11,3 % 11,2 % 10,5 % 78,7 % -12,1 % 72,9 % -1,18 65,1 % 4,0 % 7,0 % 3,9 % EPS DPS Rental Cramo Sales 09 10 11 12 13 14 09 10 11 12 13 14 09 10 11 12 13 14 09 10 11 12 13 14 market* Note: FY 2014 EBITA margin, ROE and EPS presented before reported non-recurring items * Nominal rental market growth in current Cramo countries (based on ERA and management estimates) ** Board proposal 12

New focused Group strategy 13

Construction growth estimates 2014-17 Construction output, % change 2014E 2015F 2016F 2017O -0,2% 1,5% Finland 1,7% 3,2% (-3,0%) (-0,5%) 5,3% 1,3% 1,1% Sweden 1,6% (+12,0%) (+8,0%) (+1,0%) Norway 2,1% 3,9% 2,5% 2,9% 2,5% 2,9% 3,5% Denmark 3,7% (2,3%) (-1,9%) (3,2%) Baltics 1,0% -2,0% 4,0% 5,0% Poland 4,9% 7,1% 6,2% 6,7% Czech Republic 1,0% 2,5% 3,3% 4,0% Slovakia -0,4% 1,8% 2,7% 3,0% Germany 2,4% 1,8% 0,2% -0,4% Austria 1,7% 1,0% 1,3% 1,5% Russia -2,0% -2,0% 2,0% 4,0% Sources: Euroconstruct, November 2014 and Forecon, December 2014 Country-specific data in brackets includes: Finland - Rakennusteollisuus RT (February 2015); Sweden - Sveriges Byggindustrier (February 2015); Denmark - Dansk Byggeri (February 2015) 14

* Total shareholder return over the 2 March 2009 – 2 March 2015 period Cramo’s share price development 03/2009 – 03/2015 EUR 10 15 20 25 0 5 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Closing price 15 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

Future prospects In 2015, growth will be modest in many countries, but there are significant country-specific differences in the estimated development For Cramo, the most significant uncertainties relate to the Ukrainian crisis and the overall economic situation in Russia The decline in oil price is expected to have a positive impact on economic development with the exception of Norway and Russia Euroconstruct estimates that in 2015, construction would increase in all of Cramo’s operating countries with the exception of Estonia, Latvia and Russia In the long term, the equipment rental market is expected to grow faster than construction The European Rental Association (ERA) is expecting equipment rental services to increase in all of Cramo’s main markets in 2015. The growth is expected to somewhat strengthen compared to 2014 Guidance for 2015: “There are economic and political uncertainties in Cramo’s markets related to 2015. With the current market outlook, Cramo Group’s sales will grow in local currencies and the EBITA margin will improve in 2015 compared to 2014.” 16

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Resolution on the use of the profit shown on the balance sheet and the payment of dividend • The Board of Directors proposes to the Annual General Meeting of Shareholders that a dividend of EUR 0.55 per share be paid for the financial year 1 January – 31 December 2014. • The dividend will be paid to shareholders registered in the shareholders’ register of the Company held by Euroclear Finland Ltd on the record date of the dividend payment, April 2, 2015. The dividend will be paid on April 13, 2015. 18

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