Yit Oyj · OMXHEX:YIT
Yit Oyj — Investor Day (September 2018)
12 slides from Yit Oyj's investor day presentation, Sep 27, 2018
Slide 1: Orange is the new blue
“ORANGE IS THE NEW BLUE” CAPTURING THE SYNERGIES WHILE NAVIGATING THE OPPORTUNITIES OF BLENDED FAMILIES PII RAULO, EVP, HUMAN RESOURCES JUHANI NUMMI, EVP, INTEGRATION
Slide 2: Asking costs nothing
”Asking costs nothing” 1,500 people YIT story in YIT Merger Finland Values 1,000 3,200 Russia Days 2,700 Norway 1,300 Culture Current Slogans Sweden 800 assessment Estonia with OCAI and how we preferred think 500 Latvia Denmark culture 700 Lithuania Word clouds how we 200 Poland Former YIT employees
Slide 3: Great minds think alike
“Great minds think alike” ORGANISATIONAL CULTURE CUMULATIVE ASSESMENT OCAI CLAN CUMULATIVE RESULTS: ALL (N=876), YIT (N=380), LMK (N=496) HIERARCHY INNOVATIVENESS Current culture Preferred culture COMPETE Sep 27, 2018 YIT Capital Markets Day 2018
Slide 4: Building a common culture
ARTEFACTS “Plan – do – act” Building a common culture TO KNOW 2018 Things we can touch, see, feel • Current and preferred culture • Define values as guidelines TO UNDERSTAND 2019 VALUES • Meaning of values discussed broadly Ethical statement of being right • Management widely showing example BASIC A
Slide 5: Keep calm and be YIT
“Keep calm and be YIT” Morale DENIAL Commitment Looking for evidence that it isn’t true INITIAL INTEGRATION SHOCK Changes integration; a renewed individual FRUSTRATION Recognition that things are DECISION different. Sometimes angry Learning how to work in the new situation; feeling more positive No
Slide 6: Act as one team
“Act as one team” TIMELINE PROCESSES AND WAYS OF WORKING 2017 2018 2019 PEOPLE PEOPLE Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ▼ JUNE 19, 2017 ANNOUNCEMENT DAY CULTURE CULTURE PLANNING ▼ FEB 1, 2018 MERGER, ”DAY 1” GRIP ▼ MAY 1, 2018 NEW ORGANISATION IT SYSTEMS IT SYSTEMS ▼ LAUNCH OF NEW STRATEGY ▼ JAN 2019
Slide 7: Yes we can
“Yes we can” MAIN SOURCES OF SYNERGY BENEFITS ESTIMATED TIMING OF SYNERGY BENEFIT MEASURES, RUN RATE Changes in 3/2018 6/2018 2018E 2019E 2020E ANNUAL SYNERGY operating model, BENEFIT TARGET1 AT overlaps 6 34 35–40 40–50 40–50 LEAST 40–50 Premises cumulative from 2018 ESTIMATION OF ACHIEVED SYNERGY
Slide 8: Made by YIT
“Made by YIT” COMPLETION RATE 100% OF SYNERGY 85% 85% ACTIONS PER AREA (JUNE, 30 2018) EUR 34 70% MILLION of which restructuring 24 M€ 100% 100% Including e.g.: • Finance, HR, legal, communications and equipment • Support functions restructuring • Group management • Board of Directors 5% 100% Sep 27
Slide 9: More together
”More together” NUMBER OF SYNERGY 0% IDEAS 1% 23% 47% 29% Actions being Ideas being Actions in Benefits Ideation planned and Benefits turned into implementation accrued prepared for accruing initiatives approval Initial ideas Refined ideas Validated Planned Executed Realised Sep 27, 2018 YIT Capital
Slide 10: NEW YIT: Sharing best practices
NEW YIT: Sharing best practices NEW YIT PROJECT PORTFOLIO BEST PRACTICES: MINIMISING VARIATIONS AND IMPROVING PROFITABILITY Baseline Target Profitability Sep 27, 2018 YIT Capital Markets Day 2018
Slide 11: Integration targets – approved KPIs
Integration targets – approved KPIs 1 CUSTOMER satisfaction • Net Promoter Score and activity towards (NPS) customers are increased • Margin backlog 2 OUR PEOPLE • Spirit form a new, stronger • Exit-% organisation 3 • Synergies realised FINANCIAL • Cumulative synergies are realised integration costs
Slide 12: Slogans from the YIT Days
SLOGANS FROM THE YIT DAYS Sep 27, 2018 YIT Capital Markets Day 2018