Slide 1: Consti Plc Interim Report 1 January – 31 March 2025
CONSTI PLC INTERIM REPORT 1 JANUARY – 31 MARCH 2025 CEO Esa Korkeela CFO Anders Löfman
Slide 2: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 1 25 April 2025 Consti Plc / Interim Report 1-3/2025
Slide 3: Highlights of the first quarter of 2025
Highlights of the first quarter of 2025 Net sales and operating result at planned level EUR EUR EUR +0.1m -0.3m +0.0m y-o-y y-o-y y-o-y NET SALES: EBIT: FREE CASH FLOW: EUR 65.6m EUR -0.1m EUR -0.5m EUR EUR No. +2.3m +2.0m -5 y-o-y y-o-y y-o-y NET DEBT: ORD. BACKLOG: PERSONNEL: EUR 3.6m EUR 246.4m 1
Slide 4: Quarterly performance overview
Quarterly performance overview Net sales unchanged, order intake grew 65.5% and order backlog 0.8% y-o-y 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: 297.9 EUR 320.6m EUR 326.7m EUR
Slide 5: Quarterly net sales development
Quarterly net sales development Net sales at the same level as last year in seasonally low first quarter Quarterly net sales development Q1/2023 – Q1/2025 (EUR m) Comments 115 ■ Q1/2025 net sales EUR 65.6m (65.5m) – Year-on-year growth 0.1% 89.9 92.3 95 86.0 – Consti’s business volumes are typically
Slide 6: Quarterly EBIT development
Quarterly EBIT development Q1 operating result at planned level Quarterly EBIT development Q1/2023 – Q1/2025 (EUR m) Comments 8 8% ■ Q1/2025 EBIT amounted to EUR -0.1 (0.2) FY’23 EBIT: FY’24 EBIT: 7 EUR +12.3m EUR +10.2m 7% million, or -0.2% (0.3%) of net sales ■ Projects progressed mostly as planne
Slide 7: Quarterly order intake development
Quarterly order intake development Q1/2025 order intake EUR 60.1 million (36.3m), growing 65.5% year-on-year Quarterly order intake development Q1/2023 – Q1/2025 (EUR m) Comments ■ Q1/2025 order intake EUR 60.1m (36.3m) – Year-on-year growth 65.5% 106.5 100 91.6 – The order intake was positively inf
Slide 8: Quarterly order backlog development
Quarterly order backlog development Q1/2025 order backlog at EUR 246.4 million Quarterly order backlog development Q1/2023 – Q1/2025 (EUR m) Comments 350 ■ Q1/2025 order backlog at EUR 246.4m (244.4m) – Year-on-year growth 0.8% 300 – In absolute and relative terms, a larger share of 297.9 March 2025
Slide 9: Number of personnel and other HR KPIs
Number of personnel and other HR KPIs Consti employed 1,026 (1,031) professionals at quarter-end Average number of personnel Permanent personnel turnover ratio Accident rate / LTIFR Average absence rate (%) 2019 – Q1/2024 (% of employees leaving) (accidents per million hours worked) White-collar Blu
Slide 10: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 9 25 April 2025 Consti Plc / Interim Report 1-3/2025
Slide 11: Quarterly free cash flow development
Quarterly free cash flow development Q1 2025 free cash flow EUR -0.5 million Quarterly free cash flow1) and EBITDA Q1/2023 – Q1/2025 (EUR m) Comments 25 ■ Q1/2025 free cash flow EUR -0.5m (-0.5m) – EBITDA amounted to EUR 0.8m (1.3m) Free cash flow and EBITDA (EUR million) 20 – Cash flow impact from
Slide 12: Quarterly net working capital development
Quarterly net working capital development Net working capital at EUR -10.0 million at the end of Q1/2025 Quarterly net working capital1) Q1/2023 – Q1/2025 (EUR m) Comments Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 ■ Net working capital EUR -10.0m (-15.9m) at the 0 end of Q1/2025 Net work
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 – Q1/2025 Q1/2023 – Q1/2025 20 100% ■ Q1/2025 net debt at EUR 3.6m (1.3m), of which EUR 3.3m (4.8m) 15 80% attributabl
Slide 14: Reported ROI and Consti ROCE
Reported ROI1) and Consti ROCE2) Return on capital on a reasonable level Reported ROI1) and Consti ROCE2) Q4/2020 – Q1/2025 (%) 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 % ■ Q1 2025 Consti ROCE
Slide 15: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 14 25 April 2025 Consti Plc / Interim Report 1-3/2025
Slide 16: Economic sentiment and construction confidence in Finland clearly below long-term average
Economic sentiment and construction confidence in Finland clearly below their long-term average levels Economic Sentiment and Construction Confidence / Finland (2007 – 3/2025) Comments 150 ■ Economic Sentiment Indicator (ESI) Economic Sentiment Indicator 140 clearly below its long-term average level
Slide 17: CFCI: construction volume is turning to growth amid great uncertainty
CFCI: construction volume is turning to growth amid great uncertainty Renovation volume is projected to grow by 1% in 2025 (CFCI) Finnish new building and renovation market development 2008 – 2027 Comments EUR b Renovation volume (real) New building volume (real) ■ The Confederation of Finnish Const
Slide 18: Long-term market outlook continues to be positive
Long-term market outlook continues to be positive – ageing building stock, urbanisation and the growing significance of sustainability offering the basis for our growth in our strategy period Urbanisation and changes in the Sustainability and energy Growing complexity in construction Ageing building
Slide 19: Consti's updated transition plan
Consti’s updated transition plan: own operations carbon neutral by 2035 and emissions in the value chain -50% by 2050 Scope 1 and 2 2030 Target: -70 %* 2035 Target: -100 %* 2050 Target: -100 %* emissions (direct emissions and • Gradual transition of the vehicle fleet, • All vehicles and machinery em
Slide 20: Outlook and guidance for 2025
Outlook and guidance for 2025 ■ In 2025, Finland's construction volume is estimated to increase by approximately 4% from the previous year. Renovation is predicted to grow by approximately 1% in 2025 and new residential construction is expected to grow by 10% ■ Competition in the construction and bu
Slide 21: Summary
Summary 1. Net sales and operating result at planned level in seasonally low first quarter 2. Order intake grew 65.5% and order backlog 0.8% y-o-y 3. Financial and liquidity positions remained at a good level 4. Competition in the construction and building technology market remains intense The deman
Slide 22: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 21 25 April 2025 Consti Plc / Interim Report 1-3/2025
Slide 23: 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 24: Consti as an investment - Key investment highlights
Consti as an investment - Key investment highlights ■ Steadily improving 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 ■ Urbanisati
Slide 25: Interim Report 1-3/2025 Consti Plc
INTERIM REPORT 1-3/2025 CONSTI PLC CONSTI PLC VALIMOTIE 16 FI-00380, HELSINKI BUSINESS ID 2203605-05 WWW.CONSTI.FI 24 26 April 2019 Consti Group Plc / Interim Report 1-3/2019