Slide 1: Consti Plc Investor Meeting hosted by Evli
CONSTI PLC INVESTOR MEETING hosted by EVLI 25 MARCH 2025 CEO Esa Korkeela
Slide 2: Consti Group is the leading renovation company in Finland
Consti Group is the leading renovation company in Finland Solid performance throughout uncertain market environment in 2021-24 ANNUAL NET SALES (MEUR) ANNUAL ADJUSTED EBIT (MEUR) DIVIDEND PER SHARE (EUR) 321 327 305 289 12.3 11.4 10.2 9.5 0.70 0.70* 0.60 0.45 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021
Slide 3: Contents
CONTENTS 1. Group performance in 2024 2. Group strategy for 2024-2027 3. Market environment and guidance 4. Appendix 2
Slide 4: 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 5: Consti Group's net sales overview 2020-24
Consti Group’s net sales overview 2020-24 Four strong business areas with focused customer segments, presence in Finnish growth centres. Diversified customer base an advantage in prevailing market conditions Net sales by business area Net sales by geography Net sales by customer group 10% 11% 12% 13
Slide 6: Net sales continued to grow in FY 2024
Net sales continued to grow in FY 2024 Strong growth in Building Technology business area (45.5% y-o-y) compensated the decline in the construction business area. Quarterly net sales development Q1/2022 – Q4/2024 (EUR m) Comments FY’22NET FY’23 NET FY’24 NET ■ FY 2024 net sales EUR 326.7m (320.6m) S
Slide 7: Reasonable level of profitability maintained in 2024
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% ■ FY 2024 EBIT amounted to EUR 10.2 (12.3) million, or 3.1% FY’22 EBIT: FY
Slide 8: Order intake during FY 2024 EUR 259m
Order intake during FY 2024 EUR 259m (-7.5% y-o-y) Quarterly order intake development Q1/2022 – Q4/2024 (EUR m) Comments ■ FY 2024 order intake EUR 259.0m (280.0m), change 109.1 -7.5% year-on-year 106.5 100 98.7 – Q4/2024 order intake EUR 67.2m (91.6m) 91.6 90.8 Quarterly order intake (EUR million)
Slide 9: Order backlog at EUR 240.1 million at end of 2024
Order backlog at EUR 240.1 million (270.0m) at the end of 2024 supporting solid performance going forward Quarterly order backlog development Q1/2022 – Q4/2024 (EUR m) Comments 350 ■ Year-end order backlog at EUR 240.1m (270.0m) – Year-on-year change -11.1% 300 – In relative terms a larger and in ab
Slide 10: Financial position remained at a good level at year-end
Financial position remained at a good level at 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) attributable to IFRS 25 16 related lease
Slide 11: FY 2024 free cash flow EUR 7.2m
FY 2024 free cash flow EUR 7.2m 12-month cash conversion ratio was 50.5% (82.2%), an improvement towards the end of the year Quarterly free cash flow1) and EBITDA Q1/2022 – Q4/2024 (EUR m) Comments 25 ■ FY 2024 free cash flow EUR 7.2m (13.1m) – EBITDA amounted to EUR 14.3m (15.9m) Free cash flow and
Slide 12: 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 13: Average number of personnel increasing; accident rate of 7
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 rate (%) 2020–2024 (% of employees leavi
Slide 14: Contents
CONTENTS 1. Group performance in 2024 2. Group strategy for 2024-2027 3. Market environment and guidance 4. Appendix 13
Slide 15: Consti will grow in construction and building technology
Consti will grow in construction and building technology by responding to the demand created by the ageing building stock, urbanisation, and climate change Fundamental Growing complexity in Urbanisation and changes Sustainability and energy market Ageing building stock construction and in the use of
Slide 16: Group Strategy 2024–2027
Group Strategy 2024–2027 The ageing building stock, urbanisation, and climate change to create demand for construction and building technology services going forward NET SALES BY BUSINESS AREA, 2024–2027 (illustration) HIGHLIGHTS OF THE STRATEGY MEUR ■ Growth in construction based on the development
Slide 17: Realisation of 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 18: Contents
CONTENTS 1. Group performance in 2024 2. Group strategy for 2024-2027 3. Market environment and guidance 4. Appendix 17
Slide 19: ESI and CCI for Finland (Jan 2007 - Dec 2024)
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 20: Finnish new building and renovation market development
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 21: 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 22: Summary of FY 2024
Summary of FY 2024 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.
Slide 23: Contents
CONTENTS 1. Group performance in 2024 2. Group strategy for 2024-2027 3. Market environment and guidance 4. Appendix 22
Slide 24: Net sales of the largest Finnish renovation players 2018-2023
Net sales development of the Finnish largest renovation players 2018-2023 Consti continues to be the largest renovation player in Finland. The combined net sales of the selected renovation companies grew by 10.6% in 2023 Net sales development of the Finnish largest renovation players 2018-2023 (MEUR
Slide 25: Consti as an investment - Key investment highlights
Consti as an investment - Key investment highlights ■ Successful turnaround since 2019 ■ Aging building stock driving need-based renovation ■ Steadily improving profitability ■ Climate change and energy efficiency requirements ■ Solid platform for future growth Financial ■ Urbanisation and changes i
Slide 26: Thank you!
THANK YOU! CONSTI PLC VALIMOTIE 16 FI-00380, HELSINKI BUSINESS ID 2203605-05 25 WWW.CONSTI.FI 26 April 2019 Consti Group Plc / Interim Report 1-3/2019