Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — AS Merko Ehitus — Shareholder Meeting (April 2017)
19 slides from Merko Ehitus As's shareholder meeting presentation, Apr 28, 2017
Slide 1: AS Merko Ehitus Annual General Meeting of Shareholders
AS MERKO EHITUS Annual General Meeting of Shareholders Nordic Hotel Forum, Tallinn 28 April 2017
Slide 2: Agenda
Agenda 1. Approval of the annual report of the year 2016 and overview of the economic results and the perspectives 2. Distribution of profits 3. Deciding on the number of the Supervisory Board members 4. Extension of powers of the Supervisory Board members 2 Noblessner residential quarter (2017-2018
Slide 3: 1. Approval of the annual report of the year 2016 and overview of the economic results and the perspectives
1. Approval of the annual report of the year 2016 and overview of the economic results and the perspectives 3
Slide 4: Norway Finland Estonia Latvia Lithuania
Norway • Renovation works and building construction • 11 employees Finland • Buildings and facilities • Project based Estonia • Buildings, facilities, electrical and road construction, concrete works • Real estate development • 597 employees Latvia • Buildings, facilities, electrical construction •
Slide 5: Market: construction services
Market: construction services 2014-2016: infrastructure market in its low, good demand in residential market, tough price competition in building construction market Source: Local statistical services 5
Slide 6: Housing market in Baltics
Housing market in Baltics Growth in Tallinn and Vilnius, demand recovery slower in Riga Source: European Commission Directorate-General for Economic and Financial Affairs / Eurostat 6
Slide 7: 2016 results below our expectations
2016 results below our expectations The fulfilment of multiple large construction contracts did not realise at the expected pace and sifted to 2017 Civil engineering segment in a slump due to lower volume of public procurement In 2016 the proportion of new construction contracts as a whole low
Slide 8: New construction contracts signed for EUR 200m
New construction contracts signed for EUR 200m Secured order book increased, partly due to 2016 projects sifted LARGEST CONTRACTS IN 2016 in million euros Ventspils music school and 26 concert hall Construction contract Staapli 4 apartment building in 20 Tallinn Design and construction contract Radi
Slide 9: No of sold apartments increased to approx. 500
No of sold apartments increased to approx. 500 Many development projects launched at the beginning of 2017 Launched construction of nearly 350 new apartments and invested in development projects nearly EUR 54m Investments in new land plots in Estonia and Lithuania amounted to EUR 19m As at 31.
Slide 10: Group revenue 2012-2016
Group revenue 2012-2016 Share of residential development and construction services outside Estonia have increased in the group’s revenue mix 10
Slide 11: Other developments in Merko group during 2016
Other developments in Merko group during 2016 A good position among international customers in Lithuania. Investments in apartment development and land plots. Improved the market position in general contracting market both in public tenders as among private customers Acquisition of development
Slide 12: Largest projects completed in 2016
Largest projects completed in 2016 Hilton Tallinn Park Hotel Tallink Tennis Centre 12 Öpiku Office building A Kindergarten and school buildings complex in Pinki (Latvia)
Slide 13: Largest construction projects in progress 2017
Largest construction projects in progress 2017 Akropole centre in Riga (100m, 2019) 13 T1 shopping and entertainment centre (70m, 2018) Maakri business complex (30m, 2018) Ventspils music school and concert hall (26m, 2018)
Slide 14: Largest residential projects in progress
Largest residential projects in progress Noblessner Home Port, Tallinn: „Gailezera nami“, Riga: Rinktines Urban, Vilnius: 120 apartments 220 apartments (2017-2018) 96 apartments (2017-2018) (2018) 14
Slide 15: 2017 focus and outlook
2017 focus and outlook Estonian construction service Internal efficiency Road and other infrastructure tenders Close cooperation with private customers Other home markets construction service Continue search for growth outside Estonia In Latvia active participation in both private and publ
Slide 16: 2. Distribution of profits
Reconstruction of Leisi 110 kV substation 2. Distribution of profits 16
Slide 17: 3. Deciding on the number of the supervisory board members
Hilton Tallinn Park Hotel 3. Deciding on the number of the supervisory board members 17
Slide 18: 4. Extension of powers of Supervisory Board members
Jahu 1A apartment building 4. Extension of powers of Supervisory Board members 18
Slide 19: Disclaimer
Disclaimer This presentation has been prepared by AS Merko Ehitus (the Company) solely for your use and benefit for information purposes only. By accessing, downloading, reading or otherwise making available to yourself any content of the presentation, in whole or in part, you hereby agree to be b