Slide 1: Half-Year Financial Report 1 January – 30 June 2025
CONSTI PLC HALF-YEAR FINANCIAL REPORT 1 JANUARY – 30 JUNE 2025 CEO Esa Korkeela CFO Anders Löfman 0
Slide 2: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 1 18 July 2025 Consti Plc / H1 Financial Report 2025
Slide 3: Highlights of the Q2/2025 and H1/2025
Highlights of the Q2/2025 and H1/2025 Solid performance continued, order backlog increased NET SALES: EBIT: FREE CASH FLOW: EUR 84.8m EUR EUR 2.5m EUR EUR 2.9m EUR Q2 2025 +2.0m Q2 2025 -0.9m Q2 2025 +1.7m EUR +1.9m H1 2025 EUR -0.5m H1 2025 EUR +1.7m H1/2025 EUR 150.4m EUR 2.3m EUR 2.4m EUR EUR No.
Slide 4: Quarterly performance overview
Quarterly performance overview Net sales grew by 2.3%, order intake by 15.8% and order backlog by 5.9% year-on-year QUARTERLY NET SALES (EUR m) QUARTERLY ORDER INTAKE (EUR m) QUARTERLY ORDER BACKLOG (EUR m) FY’23 NET SALES: FY’24 NET SALES: FY’23 ORD. INTAKE: FY’24 ORD. INTAKE: EUR 320.6m EUR 326.7m
Slide 5: Quarterly net sales development
Quarterly net sales development Q2 net sales amounted to EUR 84.8m, growing 2.3% year-on-year Quarterly net sales development Q1/2023 – Q2/2025 (EUR m) Comments 115 ■ Q2/2025 net sales EUR 84.8m (82.9m) – Year-on-year growth 2.3% 89,9 92,3 – Net sales grew strongly in Housing Companies (27.5%) 95 86
Slide 6: Quarterly EBIT development
Quarterly EBIT development Solid performance continued Quarterly EBIT development Q1/2023 – Q2/2025 (EUR m) Comments ■ Q2/2025 EBIT amounted to EUR 2.5 (3.0) million, or 8 FY’23 EBIT: FY’24 EBIT: 8% EUR +12.3m EUR +10.2m 2.9% (3.6%) of net sales 7 7% – Projects progressed mostly as planned, profitab
Slide 7: Quarterly order intake development
Quarterly order intake development Q2/2025 order intake amounted to EUR 105.1 million, growing 15.8% year-on-year Quarterly order intake development Q1/2023 – Q2/2025 (EUR m) Comments ■ Q2/2025 order intake EUR 105.1m (90.8m) – Year-on-year growth 15.8% – Total amount and quality of Q2 order intake
Slide 8: Quarterly order backlog development
Quarterly order backlog development Q2/2025 order backlog amounted to EUR 276.7 million, growing 5.9% year-on-year Quarterly order backlog development Q1/2023 – Q2/2025 (EUR m) Comments 297,9 ■ Q2/2025 order backlog at EUR 276.7m (261.2m) – Year-on-year growth 5.9% 276,7 270,0 261,2 – Approximately
Slide 9: Number of personnel and other HR KPIs
Number of personnel and other HR KPIs Consti employed 1,042 (1,087) professionals at quarter-end Average number of personnel Permanent personnel turnover ratio Accident rate / LTIFR Average absence rate (%) 2020 – Q2/2025 (% of employees leaving) (accidents per million hours worked) 20% White-collar
Slide 10: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 9 18 July 2025 Consti Plc / H1 Financial Report 2025
Slide 11: Quarterly free cash flow development
Quarterly free cash flow development Q2 2025 free cash flow EUR 2.9 million (1.2m) and cash conversion ratio 86.6% Quarterly free cash flow1) and EBITDA Q1/2023 – Q2/2025 (EUR m) Comments 25 ■ Q2/2025 free cash flow EUR 2.9 (1.2m) – EBITDA amounted to EUR 3.4m (4.0m) Free cash flow and EBITDA (EUR m
Slide 12: Quarterly net working capital development
Quarterly net working capital development Net working capital at EUR -10.3 million at the end of Q2/2025 Quarterly net working capital1) Q1/2023 – Q2/2025 (EUR m) Comments ■ Net working capital EUR -10.3m (-13.5m) at the Q4/24 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q1/25 Q2/25 end of Q2/2025 0 Ne
Slide 13: Quarterly balance sheet structure
Quarterly balance sheet structure Strong financial position at the quarter-end Quarterly net debt development (EUR m) Quarterly equity ratio and gearing development Comments Q1/2023 – Q2/2025 Q1/2023 – Q2/2025 100% ■ Q2/2025 net debt at EUR 3.8m 20 (3.9m), of which EUR 2.7m (4.4m) 15 80% attributabl
Slide 14: Maturity distribution of interest-bearing debt (30 June 2025)
Maturity distribution of interest-bearing debt (30 June 2025) Consti refinanced its long-term loan in June 2025 Maturity profile of interest-bearing debt1) as per 30 June 2025 (EUR m) Comments 25 ■ Refinancing of long-term loan in June 2025 – Previous long-term loan of EUR 11.0 million in total was
Slide 15: Reported ROI and Consti ROCE
Reported ROI1) and Consti ROCE2) Return on capital on a reasonable level Reported ROI1) and Consti ROCE2) Q4/2020 – Q2/2025 (%) Comments ■ In financial years 2020-2024, Consti’s return on 35,3 % 40% 33,0 % capital employed has exceeded 20% 31,6 % 30,8 % 30,0 % 35% 29,3 % 27,8 % ■ Q2 2025 Consti ROCE
Slide 16: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 15 18 July 2025 Consti Plc / H1 Financial Report 2025
Slide 17: Economic sentiment and construction confidence in Finland below long-term averages
Economic sentiment and construction confidence in Finland clearly below their long-term average levels Economic Sentiment and Construction Confidence / Finland (2007 – 6/2025) Comments 150 – Economic Sentiment Indicator (ESI) Economic Sentiment Indicator 140 clearly below its long-term average level
Slide 18: Estimates for construction market growth have been lowered for 2025
Estimates for construction market growth have been lowered for 2025, recovery of the market is slower than expected Finnish new building and renovation market development 2008 – 2027 Comments EUR b Renovation volume (real) New building volume (real) ■ Euroconstruct estimates in its June 2025 report
Slide 19: Outlook and guidance for 2025
Outlook and guidance for 2025 ■ Euroconstruct forecasts a 3.4 percent growth for housebuilding construction in 2025. New residential construction is expected to grow by 7.8% and renovation is predicted to decline by approximately 0.2% in 2025 ■ The weak demand for new construction and private real e
Slide 20: Summary
Summary 1. Solid performance continued, order backlog increased 2. Q2 net sales grew by 2.3%, order intake by 15.8% and order backlog by 5.9% year-on-year 3. Financial and liquidity positions remained at a good level 4. Competition in the construction and building technology market remains intense T
Slide 21: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 20 18 July 2025 Consti Plc / H1 Financial Report 2025
Slide 22: Consti's strategic focus areas
To realise its vision and goals, Consti has defined the following strategic focus areas: •1 Growth in construction Profitable development of current business, expansion in the construction value chain, capitalising on attractive opportunities in new construction, strengthening special expertise •2
Slide 23: Consti as an investment - Key investment highlights
Consti as an investment - Key investment highlights ■ Steady profitability ■ Aging building stock driving need-based renovation ■ Solid platform for future growth ■ Climate change and energy efficiency requirements ■ Asset-light business model with negative working Financial ■ Urbanisation and chang
Slide 24: Half-Year Financial Report Consti Plc H1
HALF-YEAR FINANCIAL REPORT 1-6/2025 CONSTI PLC H1 CONSTI PLC VALIMOTIE 16 FI-00380, HELSINKI BUSINESS ID 2203605-05 WWW.CONSTI.FI 23 18 June 2025 Consti Plc / H1 Financial Report 2025