HELSINKI-VANTAA AIRPORT, FINLAND Interim report January-March 2020 Kari Kauniskangas, President and CEO Ilkka Salonen, CFO
Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by YIT Corporation (the “Company”) . By attending the meeting or event where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentation is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole or in part, to any other person. This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of any offer to buy, acquire or subscribe for, securities of the Company or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. Neither the Company nor any of its respective affiliates, advisors or representatives nor any other person shall have any liability whatsoever (in negligence or otherwise) for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. Each person must rely on their own examination and analysis of the Company and the transactions discussed in this presentation, including the merits and risks involved. This presentation includes “forward -looking statements” . These statements contain the words "anticipate", “will”, "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this presentation. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The Company cautions you that forward-looking statements are not guarantees of future performance and that its actual financial position, business strategy, plans and objectives of management for future operations may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company's financial position, business strategy, plans and objectives of management for future operations are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. Neither the Company nor any other person undertakes any obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation. 2 Interim report January-March 2020
Sustainable urban development is the core of our business A LIFE CYCLE SERVICES DEVELOPED B PROJECT FLOW REVENUE 450 M€ (rolling SERVICES 12mth) X PLOT RESERVE 4.3 Mm 2 Sustainable urban development LONG-TERM PROJECT EXECUTION EARNINGS PORTFOLIO VALUE 239 M€ ORDER BOOK 3.8 B € 3 Interim report January-March 2020
Q1: Operationally solid quarter Strong apartment sales Business premises to consumers burdened by costs +14% related to progress in financial settlements y-o-y Coronavirus pandemic: Balance sheet to Anticipatory and strengthen further protective in Q2 measures taken 4 Interim report January-March 2020 HELSINKI-VANTAA AIRPORT, FINLAND
Sale of Nordic paving and mineral aggregates businesses completed Cash flow impact Capital gain approx. approx. +€285 +€40 million million Impact in gearing Impact in equity ratio approx. approx. -34 +2 percentage points percentage points 5 Interim report January-March 2020
Coronavirus pandemic causes uncertainties RISKS IMPACTS ACTIONS The most significant Potential impacts Comprehensive anticipatory uncertainties actions taken Availability of personnel Temporary shutdowns or Task force • • • Availability of materials slower progress on sites Substitutive resources • • Authorities' decisions Delayed completions Hygiene concept • • • • Decline in demand • Revenue and profit postponed • Preparedness for shutdown Investor decisions Extra costs due to preventive and restart of sites • • postponed actions Digital sales boosted • Savings measures • 6 Interim report January-March 2020
Corporate responsibility important during the pandemic Social responsibility Taking care of for people customers Safe working environment, Safe online platforms for • • housing sales and rental LTIF 10.2 (8.5) Over 500 summer trainees Keeping to the schedules • • Ensuring continuity of business operations Sites ongoing • Only temporary lay-offs • Prepare for the new normal • 7 Interim report January-March 2020
Group revenue increased 5% year-on-year REVENUE, € million ORDER BOOK, € million 1,152 4,764 4,652 4,302 4,131 3,848 808 757 708 675 1Q19 2Q19 3Q19 4Q19 1Q20 1Q19 2Q19 3Q19 4Q19 1Q20 8 Interim report January-March 2020
Adjusted operating profit improved year-on-year ADJUSTED OPERATING PROFIT, € million 121 Q1 adjusted operating profit 29 margin 26 1.2% 8 -10 (-1.4) 1Q19 2Q19 3Q19 4Q19 1Q20 9 Interim report January-March 2020 TRIPLA, HELSINKI, FINLAND
Adjusted operating profit per segment € million 1Q19 1Q20 14 9 8 6 5 -2 -3 -5 -6 -12 Housing FIN Housing Business Infrastructure Partnership & CEE RUS premises projects properties 10 Interim report January-March 2020 MYLLYPURO CAMPUS, HELSINKI, FINLAND
KONEPAJA, HELSINKI, FINLAND Housing Finland and CEE Strong consumer sales COMPLETED CONSUMER APARTMENTS, units Consumer Adjusted 3,000 operating profit sales up by 8% €8 y-o-y million (9) 2,000 Investor 1,000 Consumer start-ups up by start-ups 49% slowed down 0 y-o-y 1Q19 2Q19 3Q19 4Q19 1Q20 Finland CEE Unsold completed, total 11 Interim report January-March 2020
TARMO, ST.PETERSBURG, RUSSIA Housing Russia Adjusted operating profit turned positive APARTMENT START-UPS, units Revenue Adjusted 1,500 operating profit recognition over time €6 (POC) since Q1/20 million (-5) 1,000 Apartment 500 New service sales up by company with 19% Brusnika 0 y-o-y 1Q19 2Q19 3Q19 4Q19 1Q20 Moscow and Moscow region Continuing units 12 Interim report January-March 2020
REDING TOWER 2, BRATISLAVA, SLOVAKIA Business premises Result burdened by financial settlements ORDER BOOK, € million Result burdened Adjusted 1,500 operating profit by costs related - €12 to progress in financial settlements 1,000 million (5) Last stages of 500 Order book the Tripla stable project q-o-q completed 0 during Q1/20 1Q19 2Q19 3Q19 4Q19 1Q20 13 Interim report January-March 2020
AALTO-YLIOPISTO METRO STATION, HELSINKI, FINLAND Infrastructure projects Revenue and profitability improved ORDER BOOK, € million Adjusted 1,500 operating profit Typical - €3 seasonality 1,000 million (-6) Revenue grew 500 Order book by stable 23% y-o-y 0 y-o-y 1Q19 2Q19 3Q19 4Q19 1Q20 14 Interim report January-March 2020
PIKKUSIRKKU, RIIHIMÄKI, FINLAND Partnership properties Accountor Tower transaction supported the result PORTFOLIO VALUE, € million Adjusted Accountor operating profit Tower €14 transaction finalised million (-2) Portfolio value Strengthening €239 segment’s 0 organisation million 15 Interim report January-March 2020
Discontinued operations Operational performance as planned Operating profit - €23 Successful winter planning million (-23) Sale of Nordic Strong order The European paving and book of Commission COMPLETED €249 approval for mineral APR 1, 2020 sale on March aggregates 26, 2020 million businesses 16 Interim report January-March 2020
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