Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — AS Merko Ehitus — Investor Presentation (April 2025)
32 slides from Merko Ehitus As's investor presentation, April 2025
Slide 1: 2024 Executive Summary
2024 Executive Summary AS Merko Ehitus April 2025
Slide 2: Main facts
Main facts ESTONIA Construction services Real estate development AS Merko Ehitus Eesti OÜ Merko Kodud OÜ Merko Kaevandused The Merko Ehitus group has two business areas: the sale of construction services and Road construction Tallinna Teede AS real estate development. We operate in Estonia, Latvia a
Slide 3: Value offering and Competitive advantages
Value offering Competitive advantages Merko is the preferred choice for construction service customers and home buyers • We offer a full service who value quality. • Flexibility to deliver projects of different sizes, including major projects • Strong management system Construction services • Excell
Slide 4: Purpose, business principles, values
PURPOSE BUSINESS PRINCIPLES We create a better living We construct buildings and We operate as one Merko. environment. We build the future. infrastructure and develop We see opportunities, act upon them real estate. We operate in Estonia, and have a long-term view. Latvia and Lithuania. Our focus is
Slide 5: Business model: Construction services to customers
Business model: Construction services to customers Merko offers strategic advisory services and high-quality full- scale solutions throughout the entire process as part of its full construction service, according to the customer’s needs: preparation, design, construction, fittings and warranty-perio
Slide 6: Business model: Property developments
Business model: Property developments Merko is one of the leading apartment developer brands in the Baltics. To ensure the best quality, we manage all phases of the development project: acquisition of the property, planning, design development, construction, sales, and service during the warranty pe
Slide 7: 2024 results
2024 results. merko
Slide 8: Key indicators
Key indicators *In 2024, Merko exited the Norwegian market. A et profit et profit
Slide 9: Construction services
Construction services SECURED ORDER BOOK in million euros 501 2020 2021 2022 2023 2024 Secured order book ——— New contracts signed LARGEST CONSTRUCTION CONTRACTS SIGNED IN 2024 BRIEF DESCRIPTION OF CONTRACT Cost million EUR Design-and-build contract for the office building / Tallinn, Estonia 643 Des
Slide 10: Real estate development
Real estate development APARTMENTS SOLD / APARTMENT REVENUE pcs / in million euros 2020 2021 2022 2023 2024 Apartments sold —*— Apartment revenue GROUP APARTMENTS INVENTORY 1808 1490 283 872 1207 67 633 7 303 55 394 358 © -—-© 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 Totalunder constru
Slide 11: Strategy and long-term financial objectives
Strategy Long-term financial objectives AS Merko Ehitus subsidiaries provide construction services in the field of building and infrastructure construction and develop Average return on equity at least residential real estate in their home markets of Estonia, Latvia and Lithuania. We want to be the
Slide 12: Share price and transaction volume 2020-2024
Share price and transaction volume 2020-2024
Slide 13: Significant projects completed in 2024
Significant projects completed in 2024
Slide 14: Projects in the educational sphere
PROJECTS IN THE EDUCATIONAL SPHERE Over the years, Merko has built dozens of school buildings and in 2024, the Rae State Gymnasium in Harju County was added to our portfolio. The school building has three above-ground and one below-ground storeys, plus outside areas for sports and outdoor education,
Slide 15: Projects in the energy sector
PROJECTS IN THE ENERGY SECTOR We have built various energy infrastructure projects in Estonia, Latvia and Lithuania. In 2024 in Lithuania, we focused mainly on renewable energy projects, including wind farms, which have key importance for ensuring the country’s energy independence. erko has become L
Slide 16: Projects in the national defence sector
PROJECTS IN THE NATIONAL DEFENCE SECTOR Merko has made a significant contribution to national defence through construction of various buildings and infrastructures in all three Baltic states. While the focus in recent years lay on reinforcing infrastructure along Estonian southeastern border, in 202
Slide 17: Projects with international sustainability certificates
PROJECTS WITH INTERNATIONAL SUSTAINABILITY CERTIFICATES Merko has the capability and long-term experience to design and build sites that meet the requirements of international sustainability certificates. Last year saw the completion of the bulk of the construction work on the Arter Quarter in Talli
Slide 18: Major residential environments
Major residential environments
Slide 19: Vilneles Skverai / Vilnius and Lahekalda / Tallinn
One of the group's strategic business areas is the development of residential VILNELES SKVERAI / VILNIUS real estate, and in this field, we have In , erko continued work on the Vilnelės Skverai reached the vanguard of the best brands living environment in the arkučiai neighbourhood close in the Balt
Slide 20: Mežpilsēta / Riga and Uus-Veerenni / Tallinn
MEŽPILSĒTA / RIGA ežpilsēta is a new residential development project in one of the Latvian capitals greenest districts, ežciems, where three 5 storey buildings were completed in with 117 apartments. Within the second stage last year, a 6-storey energy class A building with 47 homes was completed. Ea
Slide 21: Tihase / Tallinn and Arena Garden Towers / Riga
TIHASE / TALLINN In 2024, the Tihase development with two aboveground building blocks was completed in the Kristiine district of Tallinn, including 46 apartments and three commercial units. The luxury tier of the apartments in the 5-storey buildings come with a sauna, a roof deck that is sealed from
Slide 22: Lucavsala / Riga and Õielehe / Tallinn
LUCAVSALA / RIGA n , erks ājas launched an apartment development project on the Daugava iver island of Lucavsala in Riga. The first stage of the project consists of three interconnected building complexes with a total of 214 apartments and two commercial units. Also, last year, construction of the f
Slide 23: Social responsibility
Social responsibility
Slide 24: Estonian Health Trails
Estonian Health Trails In the area of sport and recreation, Merko focuses on creating exercise and sporting opportunities for Visits to trails everyone in Estonia, helping to increase the In 2024, there were an estimated 7.6 million visits number of healthy life years. to health trails across Estoni
Slide 25: Sport and recreation
Sport and recreation Based on the model of Estonian Health Trails, Merko established a recreational trail at the end of 2022 on the island of Zaķusala in the Daugava River in Riga and continued support of the project in 2024. Called Green Trail, the free-of-charge track welcomes all levels of users
Slide 26: Culture and art heritage
Culture and art heritage The long-standing partnership between Merko and the Art Museum of Estonia continued in 2024. Merko, in cooperation with the Art Museum of Estonia Friends of Art Society and other partners, helped to purchase 200 new chairs for Niguliste Museum to broaden the possibilities fo
Slide 27: Education and next generation
Education and next generation Since 2007, we have been providing scholarships for engineering students and young teaching staff at the Tallinn University of Technology to help ensure a vibrant next generation in civil engineering and allow teachers to provide better education in this field to future
Slide 28: Urban space: Installation Pesa in Noblessner
Urban space Besides building construction sites and new contemporary living environments that improve the quality of the urban space, we also beautify public areas with various artworks. nstallation „ est“ in Noblessner At the Noblessner harbour complex, where Merko has developed a number of apartme
Slide 29: Urban space: Sculpture Reed-cane in Lahekalda
Urban space Sculpture „ eed-cane“ in Lahekalda In 2024, Merko provided both art and outdoor infrastructure for the community at Lahekalda residential development in Tallinn. Starting in May, a work called “ eed-cane” designed by Kalle Pruuden, Siim Poomann and Kersti Lootus adds an aesthetic touch t
Slide 30: Urban space: Art in Uus-Veerenni
Urban space Art in Uus-Veerenni In December 2024, Merko opened a self-service shop at the Uus-Veerenni development and a space for common use, with ample countertop space and a practical sink, with a variety of tools and sports equipment and other hobby materials on the shelves. The intermediate par
Slide 31: Company recognitions
Company recognitions • Merko Ehitus Eesti received the silver level of the national defence supporter decoration from the Estonian Ministry of Defence for an outstanding contribution to national defence. • Merko Statyba received recognition from the Lithuanian Ministry of the Environment for consist
Slide 32: Recognitions of objects and employees
Recognitions of objects • Rae State Gymnasium built by Merko received the title of best wood building of the year for 2024 at the annual competition held by the Estonian Forest and Wood Industries Association. • At the Estonian Association of Architectural and Consulting Engineering Companies compet