Slide 1: Q3/2025 Interim Report January – September 2025
Q3/2025 Interim Report January – September 2025 Heikki Vuorenmaa, President and CEO Tuomas Mäkipeska, CFO Piliamiestis, Kaunas, Lithuania
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by YIT Corporation (the “Company”). By attending the meeting or event where this presentation is made, or by reading the presentation slides, you agree to be bound b
Slide 3: Strategy for 2025-2029 in brief
YIT YIT STRATEGY Q3/2025 STRATEGY FOR 2025-2029 in brief FOR 2025- 2029 Getting it done together 3 VESI Hostivař, Prague, Czech Republic
Slide 4: Q3 profit driven by the contracting segments, Residential CEE growth continues, guidance revised
Q3 profit driven by the contracting segments, Residential CEE growth continues, full-year guidance revised Apartment sales and production Outlook for both contracting Employee eNPS improved are increasing in the residential Ongoing segments actions remains to and positive, Cash flow significantly im
Slide 5: Financial performance in Q3/2025
Financial performance in Q3/2025 YIT Group, EUR million • Low amount of consumer apartment completions during Adj. operating profit Revenue Adj. OP, % the quarter impacted revenue and profit generation in both residential segments 12 (26) 402 (453) 2.9 (5.6) • • Infrastructure revenue continued to i
Slide 6: Group key figures at the end of Q3/2025
Group key figures at the end of Q3/2025 Revenue, Adjusted operating profit, Adjusted operating profit margin, EUR million, rolling 12 months* EUR million, rolling 12 months* %, rolling 12 months* -13 -3.9% 332 657 29 10.2% 282 21 4.4% 481 17 2.6% Residential Finland Residential CEE Infrastructure Bu
Slide 7: Residential Finland: Focus on strengthening our market position
Residential Finland: Focus on strengthening our market position Revenue, Target: Adjusted operating profit, Capital employed, EUR million Increase market share EUR million EUR million Margin target >10% ROCE target >20% Decreased revenue reflects the market Low volumes have impacted profitability. C
Slide 8: Inventory of unsold completed apartments is decreasing
The inventory of unsold completed apartments is decreasing and is projected to return to normal levels by the end of 2025 Unsold completed apartments in Finland, Unsold completed apartments in Finland by region, units units 771 700 682 587 379 455 39 16 14 7 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Helsinki Ta
Slide 9: Consumer apartment starts and sales in Residential Finland
Consumer apartment starts and sales in Residential Finland Consumer apartments in Residential Finland, Consumer apartments in Residential Finland, quarterly, units rolling 12 months, units 1,200 224 1,000 174 160 152 800 126 133 600 108 83 400 51 200 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3/24 Q4/24 Q1/25
Slide 10: Low number of completions during 2025 will limit Residential Finland profit
Low number of completions during 2025 will limit the Residential Finland segment’s capability to generate profit Consumer apartment completions in Residential Finland, units 1,336 • There were no consumer apartment completions during Q3 200 • Approximately 200 units are 520 expected to be completed
Slide 11: Residential CEE: Revenue and profit generation in 2025 heavily tilted towards Q4
Residential CEE: Revenue and profit generation in 2025 heavily tilted towards Q4 Revenue, Target: >15% growth Adjusted operating profit, Capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million ROCE target Margin >25% target >15% Revenue in the past two quarters has Profit gen
Slide 12: Consumer apartment starts and sales in Residential CEE
Consumer apartment starts and sales in Residential CEE Consumer apartments in Residential CEE, Consumer apartments in Residential CEE, quarterly, units rolling 12 months, units 1,600 648 1,400 546 1,200 1,000 800 300 335 321 346 279 600 251 400 200 57 62 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3/24 Q4/24 Q1/2
Slide 13: Majority of the completions in Residential CEE in 2025 will take place in Q4
Majority of the completions in Residential CEE in 2025 will take place in Q4 Consumer apartment completions in Residential CEE, units • One project with 156 1,266 apartments, initially expected 1,034 to be completed in Q4, was 950 completed ahead of schedule 600 in Q3 • Approximately 600 units are 2
Slide 14: Apartments sold by associated companies and joint ventures increased
Apartments sold by associated companies and joint ventures increased from the previous quarter Apartments sold by associated Completions of apartments under construction in associated companies companies and joint ventures*, units and joint ventures*, units Total of 32 (at end of Q2/25: 70) unsold c
Slide 15: Infrastructure: Approaching EUR 500 million revenue with healthy margins
Infrastructure: Approaching EUR 500 million revenue with healthy margins Revenue, Target: >5% growth Adjusted operating profit, Capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million Margin Target: target Negative >6% Revenue has increased supported by Solid profitability wi
Slide 16: Active datacenter market in Finland offers opportunities for YIT
Active datacenter market in Finland offers opportunities for YIT • Publicly announced investment plans by data center operators in Finland total EUR 12 billion, with the overall potential exceeding EUR 30 billion* • The sector is one of the largest private sector investment targets in Finland in the
Slide 17: Infrastructure order book remained steady
Infrastructure order book remained steady Infrastructure order book, • Order book corresponds to approximately 19 EUR million months of work • The infrastructure market in Finland is active in both the public and private sectors • Main orders recorded in Q3 order book: • Field extension at the south
Slide 18: Building Construction: Profitability continued to increase
Building Construction: Profitability continued to increase Revenue, Target: >2% growth Adjusted operating profit, Capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million Margin target >6% Target: Negative Revenue has declined in a highly Profitability continued on an upward T
Slide 19: Building Construction order book close to EUR 1 billion
Building Construction order book close to EUR 1 billion Building Construction order book, • Order book corresponds to EUR million approximately 17 months of work • We have continued to win both public and private sector projects supported by our core competencies and expertise • Main orders recorded
Slide 20: Key operational metrics
Key operational metrics Apartments under construction for Project margin net deviations, Supply chain status, consumers and investors, units rolling 12 months availability 4,236 3,861 3,258 Steel structures 2,982 3,024 2,618 2,770 0 Concrete structures 2,162 1,889 1,894 53% 55% 50% 50% Building tech
Slide 21: View of the Finnish infrastructure market upgraded to good
View of the Finnish infrastructure market upgraded to good Building View of the Finnish Residential construction Infrastructure market market market infrastructure market upgraded Finland from normal to good; Baltic countries In Central Eastern Europe, Central Eastern Europe the residential market i
Slide 22: Financial development
YIT YIT STRATEGY Financial STRATEGY FOR 2025-2029 development FOR 2025- 2029 Getting it done together 22
Slide 23: Financial development in Q3/2025
Financial development in Q3/2025 ROCE, Key assets Operating cash flow rolling 12 months at amounted to after investments was 3.0% 1,653 million EUR 0 million (Q3/24: 2.0%) (Q3/24: 1,777) (Q3/24: 2) (Q2/25: 3.9%) (Q2/25: 1,637) Gearing at Net debt at Guidance (revised) YIT expects its Group 85% EUR 6
Slide 24: Capital release and efficiency continue to be a strategic priority
Capital release and efficiency continue to be a strategic priority Capital employed, ROCE %, YIT Group, EUR million YIT Group, rolling 12 months Target >15% EUR million Residential Finland Residential CEE Infrastructure Building Construction ’Other’ segment capital employed EUR 252 million in Q3/25
Slide 25: Rolling 12 months operating cash flow after investments positive for seven quarters
Rolling 12 months operating cash flow after investments positive for the last seven quarters Operating cash flow after investments, EUR million • Operating cash flow after investments was EUR 0 million (2) in Q3 • Cash flow from plot investments amounted to EUR -9 million (-6) in Q3. The plots inves
Slide 26: Net interest-bearing debt and gearing decreased from the comparison period
Net interest-bearing debt and gearing decreased from the comparison period Net interest-bearing debt, • Net debt decreased to EUR 669 EUR million million (789) • Gearing decreased to 85% (98%), mainly supported by positive 12 months rolling operating cash flow and hybrid bond issuance in the second
Slide 27: Balance sheet remains asset rich
Balance sheet remains asset rich Assets and net debt breakdown, EUR million, at the end of Q3/25 Enables the construction of ~16,000 apts. in Finland: 455 apts. Tripla valued Finland and ~14,000 apts. in CEE CEE: 194 apts. at 187 million 1,653 Key assets Owned plots Leased plots Production Completed
Slide 28: Revised guidance: adjusted operating profit EUR 40–60 million in 2025
• The residential market in the Baltic countries and Central Eastern Europe is Revised guidance: expected to continue favorable, contributing positively to Residential CEE segment's capability to generate profit. Timing of the residential project YIT expects its Group completions may deviate from th
Slide 29: Our financial position enables the targeted profitable growth
Our financial position enables the targeted profitable growth The stable financial performance Strong plot portfolio enables us Releasing capital remains to be seen during the year continued to continue to start new a priority as we allocate capital across the businesses in the residential projects
Slide 30: Markus Pietikäinen appointed as interim CFO
Markus Pietikäinen appointed as interim CFO • YIT has appointed Markus Pietikäinen, SVP, Treasury and M&A, at YIT as interim Chief Financial Officer as of November 1, 2025 • Tuomas Mäkipeska, CFO, has resigned from YIT to pursue his career outside YIT • Markus Pietikäinen’s CV • YIT Corporation, SVP
Slide 31: YIT Strategy progress update
YIT Strategy STRATEGY progress FOR 2025-2029 update Getting it done together 31
Slide 32: Progress towards the strategic targets
Progress towards the strategic targets Revenue, Adjusted operating profit margin %, ROCE %, EUR million rolling 12 months rolling 12 months Group revenue decline is connected to Growing operations in Residential CEE will Opportunities to release capital will support weak market conditions in Finland
Slide 33: Strategy execution highlight from Q3/2025
Strategy execution highlight from Q3/2025 Strategic priorities Moving towards becoming an even more customer-focused organization Deliver industry-leading • We have the ability to transform according to the needs of our customers productivity and financial • NPS has continued to be at a high level f
Slide 34: Additional information
Additional information YIT Investor Relations investorrelations@yit.fi Essi Nikitin Arttu Hakala-Ranta VP, Investor Relations Investor Relations Manager +358 50 581 1455 +358 40 076 1775 essi.nikitin@yit.fi arttu.hakala-ranta@yit.fi YIT’s Financial Statements Bulletin 2025 will be published on Frida
Slide 35: Appendices
Appendices I. Key figures II. Apartment sales 35
Slide 36: I. Key figures
I. Key figures EUR million 7–9/25 7–9/24 1–9/25 1–9/24 1–12/24 Revenue 402 453 1,200 1,299 1,820 Operating profit 9 13 22 -37 -55 Operating profit margin, % 2.3 2.9 1.8 -2.9 -3.0 Adjusted operating profit 12 26 29 18 32 Adjusted operating profit margin, % 2.9 5.6 2.4 1.4 1.7 Result before taxes -4 -
Slide 37: II. Apartment sales
II. Apartment sales *Q1/2023 “To investors” figure includes 144 units initially started for consumers from a bundle deal. *Q2/2023 “To investors” figure includes 190 units initially started for consumers from a bundle deal.
Slide 38: Together we can do it.
Together we can do it.