Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — AS Merko Ehitus — Shareholder Meeting (April 2016)
22 slides from Merko Ehitus As's shareholder meeting presentation, Apr 27, 2016
Slide 1: AS Merko Ehitus Annual General Meeting of Shareholders
AS MERKO EHITUS Annual General Meeting of Shareholders 27 April 2016 Nordic Hotel Forum, Tallinn
Slide 2: Agenda
Agenda 1. Approval of the annual report of the year 2015 and overview of the economic results and the perspectives 2. Distribution of profits and reserve capital 3. Amendment of articles of association 2 300 MW Estonia Power PlantLiepaja of Eesti Energia concert hall
Slide 3: 1. Approval of the annual report of 2015 and overview of economic results and perspectives
1. Approval of the annual report of the year 2015 and overview of the economic results and the perspectives 3
Slide 4: Merko Group 2015
Merko Group 2015 Home markets: Estonia, Latvia and Lithuania • General construction 2015 approximately 40% of • Engineering revenues outside Estonia construction • Road construction • Real estate projects – residential real estate The largest listed construction company in the Baltics 31.12.2015: Ne
Slide 5: Baltic construction market
Baltic construction market Source: local statistical services Construction market downturn started in the second half of 2014 and deepened in 2015, biggest decrease in Estonia Construction market supported by the active residential development and private investment in commercial real estate, co
Slide 6: Merko 2015 construction volumes
Merko 2015 construction volumes 2015 completed different buildings with total gross area of nearly 75,000 m², including industrial and manufacturing buildings, cultural and social attractions, commercial buildings GENERAL CONSTRUCTION 2015 built approximately 90 km water and sewage pipelines, re
Slide 7: 2015 Largest projects completed
2015 Largest projects completed Reconstruction of the infrastructure of Tallinn tram line No 4 Liepaja concert hall 7 NordBalt Klaipeda converter station Polipaks factory building in Latvia
Slide 8: 2016 Largest projects in progress Estonia
2016 Largest projects in progress Estonia Hilton Tallinn Park Hotel Maakri Kvartal business complex Ülemiste City office building 8
Slide 9: 2016 Largest projects in progress Latvia and Lithuania
2016 Largest projects in progress Latvia and Lithuania Kauno Algirdo residential and business complex in Vilnius Narbuto 5 office building in Vilnius Riga International Airport passenger terminal 9
Slide 10: Housing market in Baltics
Housing market in Baltics Source: Eurostat New apartment market in the capitals of Baltic States remains strong, especially in Tallinn and Vilnius The number of construction permits and volume of completed apartments continued to grow, which will curb the price increase Although construction p
Slide 11: 2015 Developments in Merko Group
2015 Developments in Merko Group Revenue outside Estonia increased to 40% Revenue decline in Estonia balanced by revenue increase in Lithuania Continued to participate in selected tenders in Finland, where first contracts were in work. Preparations to enter Norwegian marked realised in Q1 2016
Slide 12: 2015 Developments in Merko Group: Residential real estate development
2015 Developments in Merko Group Residential real estate development Tartu road 52 apartment development project: 183 apartments 1. stage to be completed in 2016, 2. stage in 2017 Sold over 400 new apartments and real estate development segment revenue exceeded EUR 70m Started construction of 57
Slide 13: New contracts and secured order book 2015
New contracts and secured order book 2015 Public sector orders down at 20% Maakri Kvartali business complex (2018): EUR 30m 13
Slide 14: Merko group key financial highlights
Merko group key financial highlights EUR million 2015 2014 Variance 2013 Revenue 251.0 252.3 -0.5% 262.7 Gross profit 23.0 24.7 -7.1% 22.7 Gross profit margin (%) 9.1 9.8 -6.6% 8.6 EBITDA 15.5 16.4 -5.7% 15.1 Profit before tax 11.7 13.3 -12.1% 11.1 Net profit, attr. to equity holders of the parent 1
Slide 15: Future perspectives 2016+
Future perspectives 2016+ Leading regional construction company. Preferred general contractor to private clients and large projects. To distinguish with the best and most motivated specialist and construction managers, to be a reliable partner and hold a high standard of quality We believe that
Slide 16: 2. Distribution of profits and reserve capital
2. Distribution of profits and reserve capital 16 Narva-Jõesuu Hotel and Water Park Noorus SPA Hotel
Slide 17: 3. Amendment of articles of association
3. Amendment of articles of association 17 Nurmevälja Logistics Centre
Slide 18: Amendment of section 21
Amendment of section 21 21. The general meeting may adopt resolutions if over one-half of the votes represented by shares are present. Shareholders may take part in the general meeting and exercise their rights via electronic means without being physically present at the general meeting and without
Slide 19: Amendment of section 25 and 26
Amendment of section 25 and 26 25. The supervisory board shall plan the activity of the Company and the Company’s group, organise the management of the Company and supervise perform oversight over the activities activity of the management board. The supervisory board shall notify the general meeting
Slide 20: Amendment of section 26.6
Amendment of section 26.6 26.6 granting loans to any third parties or securing guaranteeing the commitments obligations of any third parties, including providing guarantees, except in cases where the loan amount does not exceed 3,000,000 Euros; and for: 26.6.1 granting a loan of up to 3,000,000 Euro
Slide 21: Thank you!
Thank you! ae FYE _ J ee, Pte | al | 1a
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by AS Merko Ehitus (the Company) solely for your use and benefit for information purposes only. By accessing, downloading, reading or otherwise making available to yourself any content of the presentation, in whole or in part, you hereby agree to be b