Slide 1: Consti Plc Financial Statements 1 January – 31 December 2024
CONSTI PLC FINANCIAL STATEMENTS 1 JANUARY – 31 DECEMBER 2024 CEO Esa Korkeela CFO Anders Löfman
Slide 2: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 1 7 February 2025 Consti Plc / Financial statements 1-12/2024
Slide 3: Highlights of FY 2024 and Q4/2024
Highlights of FY 2024 and Q4/2024 A reasonable financial year in a challenging market NET SALES: EBIT: FREE CASH FLOW: EUR 326.7m EUR EUR 10.2m EUR EUR 7.2m EUR FY 2024 +6.2m FY 2024 -0.3m FY 2024 +2.0m EUR +6.1m Q4/2024 EUR -2.2m Q4/2024 EUR -5.9m Q4/2024 EUR 92.3m EUR 3.6m EUR 4.8m EUR No. -29.9m
Slide 4: Consti Group's net sales overview 2020-24
Consti Group’s net sales overview 2020-24 Strong growth in Building Technology business area (45.5% y-o-y) compensated the decline in the construction business area. Diversified customer base an advantage in prevailing market conditions Net sales by business area Net sales by geography Net sales by
Slide 5: Quarterly performance overview
Quarterly performance overview Net sales continued to grow in FY 2024, order intake during FY 2024 EUR 259m, order backlog EUR 240.1m at YE 2024 QUARTERLY NET SALES (EUR m) QUARTERLY ORDER INTAKE (EUR m) QUARTERLY ORDER BACKLOG (EUR m) FY’22NET FY’23 NET FY’24 NET FY’22 ORD. FY’23 ORD. FY’24 ORD. SA
Slide 6: Quarterly net sales development
Quarterly net sales development Q4/2024 net sales amounted to EUR 92.3m, growing 7.2% y-o-y Quarterly net sales development Q1/2022 – Q4/2024 (EUR m) Comments ■ Q4/2024 net sales EUR 92.3m (86.1m) 115 – Year-on-year growth 7.2% 93,3 92,3 – Net sales grew strongly in Building Technology (65.5%) busin
Slide 7: Quarterly EBIT development
Quarterly EBIT development Regardless of the prevailing market conditions and sharply intensified competition, Consti has managed to maintain a reasonable level of profitability in 2024 Quarterly EBIT development Q1/2022 – Q4/2024 (EUR m) Comments 8 8% ■ Q4/2024 EBIT amounted to EUR 3.6 (3.9) millio
Slide 8: Quarterly order intake development
Quarterly order intake development Q4/2024 order intake EUR 67.2 million (91.6m), falling 26.7% short of strong comparison period Quarterly order intake development Q1/2022 – Q4/2024 (EUR m) Comments ■ Q4/2024 order intake EUR 67.2m (91.6m) 109,1 106,5 100 98,7 – Year-on-year change -26.7% – Example
Slide 9: Quarterly order backlog development
Quarterly order backlog development Q4/2024 order backlog at EUR 240.1 million (270.0m) supporting solid performance going forward Quarterly order backlog development Q1/2022 – Q4/2024 (EUR m) Comments 350 ■ Q4/2024 order backlog at EUR 240.1m (270.0m) – Year-on-year change -11.1% 300 – In relative
Slide 10: Number of personnel and other HR KPIs
Number of personnel and other HR KPIs Average number of personnel increasing along with growing business volumes, accident rate of 7 a good outcome of continuous efforts to improve employee safety Average number of personnel Permanent personnel turnover ratio Accident rate / LTIFR Average absence ra
Slide 11: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 10 7 February 2025 Consti Plc / Financial statements 1-12/2024
Slide 12: Quarterly free cash flow development
Quarterly free cash flow development Q4/2024 free cash flow EUR 4.8 million (2.8m), up by 69.5% y-o-y Quarterly free cash flow1) and EBITDA Q1/2022 – Q4/2024 (EUR m) Comments 25 ■ Q4/2024 free cash flow EUR 4.8m (2.8m) – EBITDA amounted to EUR 4.6m (4.9m) Free cash flow and EBITDA (EUR million) 20 –
Slide 13: Quarterly net working capital development
Quarterly net working capital development Net working capital at EUR -11.1 million at the end of Q4/2024 Quarterly net working capital1) Q1/2022 – Q4/2024 (EUR m) Q1/22 Comments Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 ■ Net working capital EUR -11.1m (-18.7m) at the end of
Slide 14: Quarterly balance sheet structure
Quarterly balance sheet structure Financial position remained at a good level at the year-end Quarterly net debt development (EUR m) Quarterly equity ratio and gearing development Comments Q1/2022 – Q4/2024 Q1/2022 – Q4/2024 30 100% ■ Q4/2024 net debt at EUR 2.7m (-0.9m), of which EUR 4.1m (5.1m) at
Slide 15: Reported ROI and Consti ROCE
Reported ROI1) and Consti ROCE2) Return on capital continues to be on a good level Reported ROI1) and Consti ROCE2) Q4/2020 – Q4/2024 (%) Comments 35,3 % 40% ■ In financial years 2020-2024, Consti’s return on 33,0 % capital employed has exceeded 20% 31,6 % 30,8 % 30,0 % 35% 29,3 % 27,8 % ■ Q4 2024 C
Slide 16: Realisation of Consti's long-term financial targets in 2024
Realisation of Consti’s long-term financial targets in 2024 Growth Profitability Cash flow Capital structure Dividends The Company’s aim is to distribute as Net sales growing Cash conversion Net debt to adjusted EBIT-margin dividends at least 50 faster than the ratio exceeding 90 EBITDA ratio of les
Slide 17: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 16 7 February 2025 Consti Plc / Financial statements 1-12/2024
Slide 18: Economic sentiment and construction confidence in Finland below long-term averages
Economic sentiment and construction confidence in Finland clearly below their long-term average levels Economic Sentiment and Construction Confidence / Finland (2007 – 12/2024) Comments 150 ■ Economic Sentiment Indicator (ESI) clearly Economic Sentiment Indicator 140 below its long-term average leve
Slide 19: Finnish new building and renovation market development 2008–2027
Housebuilding construction output is estimated to decline by approximately 6 percent in 2024 whereas renovation volume is projected to decline by 0.9% in 2024 (Euroconstruct) Finnish new building and renovation market development 2008 – 2027 Comments EUR b Renovation volume (real) New building volum
Slide 20: Outlook and guidance for 2025
Outlook and guidance for 2025 ■ According to forecasts, the renovation market is expected to return to moderate growth. Euroconstruct's growth forecast is 0.3 percent, while RT's is 1.0 percent. ■ Euroconstruct predicts a slight increase in the value of residential building renovation and, correspon
Slide 21: Summary
Summary 1. A reasonable financial year in a challenging market Net sales continued to grow in FY 2024, order intake during FY 2024 EUR 259m, order backlog EUR 240.1m 2. at YE 2024 Despite the prevailing market conditions and the sharply intensified competition, Consti has been able to 3. maintain a
Slide 22: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 21 7 February 2025 Consti Plc / Financial statements 1-12/2024
Slide 23: Consti as an investment - Key investment highlights
Consti as an investment - Key investment highlights ■ Steadily improving profitability ■ Aging building stock driving need-based renovation ■ Solid platform for future growth ■ Climate change and energy efficiency requirements ■ Asset-light business model with negative working Financial ■ Urbanisati
Slide 24: Financial Statements 1-12/2024
FINANCIAL STATEMENTS 1-12/2024 CONSTI PLC FY2024 CONSTI PLC VALIMOTIE 16 FI-00380, HELSINKI BUSINESS ID 2203605-05 WWW.CONSTI.FI 23 26 April 2019 Consti Group Plc / Interim Report 1-3/2019