Slide 1: Q2/2025 Half-Year Report January – June 2025
Q2/2025 Half-Year Report January – June 2025 Heikki Vuorenmaa, President and CEO Tuomas Mäkipeska, CFO Nihti, Helsinki, Finland
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: Group financials for Q2/2025
Group financials for Q2/2025 Revenue, Adjusted operating profit margin %, ROCE %, EUR million rolling 12 months rolling 12 months Target: Revenue growth of at least 5%, with the compound Target: Adjusted operating profit margin of at least 7% Target: Return on capital employed (ROCE) of at least 15%
Slide 4: Strategy for 2025-2029 in brief
YIT YIT STRATEGY Q2/2025 STRATEGY FOR 2025-2029 in brief FOR 2025- 2029 Getting it done together 4 VESI Hostivař, Czech Republic
Slide 5: Contracting segments delivered, Residential CEE gearing up for 2026
Contracting segments delivered, Residential CEE gearing up for 2026 Infrastructure and Building Finnish residential market Markets are favorable in Construction improved operative Ongoing actions to Cash flow improvements gradually turning, new project Residential CEE, apartments performance, Group
Slide 6: Financial performance in Q2/2025
Financial performance in Q2/2025 YIT Group, EUR million • Improved operational efficiency and sales mix supported Residential Finland profitability improvement Adj. operating profit Revenue Adj. OP, % • No apartment completions during the quarter muted 10 (7) 412 (434) 2.4 (1.6) revenue and profit g
Slide 7: Residential Finland: Improved operational efficiency supported the performance
Residential Finland: Improved operational efficiency supported the performance Revenue, Target: Adjusted operating profit, Capital employed, EUR million Increase market share EUR million EUR million Margin target >10% ROCE target >20% Revenue decline reflects the market Adjusted operating profit inc
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 Apartments distributed across 51 projects 867 771 700 682 458 587 62 39 9 19
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 1,200 174 154 160 1,000 126 133 800 108 600 83 400 51 200 0 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2/24 Q3/24 Q4/24 Q1
Slide 10: Low number of completions during 2025
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 • No apartment completions during Q2 • No completions expected 200 during Q3 520 • Next completions of 274 approximately
Slide 11: Residential CEE: Profit generation in 2025 heavily tilted towards Q4
Residential CEE: 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% Rolling 12 months revenue remained Profit generation in 202
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 1,400 648 1,200 546 1,000 800 335 600 300 279 251 400 186 198 200 57 62 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2/24 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 • No completions during Q2 and no completions expected 1,266 for Q3/25 1,028 750 950 • Year 2025 will have the same strong seasonality in completions as year 2024, wi
Slide 14: Apartments sold by associated companies and joint ventures increased
Apartments sold by associated companies and joint ventures increased Apartments sold by associated Completions of apartments under construction in associated companies companies and joint ventures*, units and joint ventures, units Total of 70 (end of Q1/25: 105) unsold completed apartments in associ
Slide 15: Infrastructure: Revenue growth continued with solid profitability
Infrastructure: Revenue growth continued with solid profitability 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 with the
Slide 16: Infrastructure order book is steady
Infrastructure order book is steady Infrastructure order book, • Order book corresponds to approximately EUR million 20 months of work • The infrastructure market in Finland is active in both the public and private sectors • The Tapiola Swimming Hall renovation and expansion project worth approximat
Slide 17: 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 C
Slide 18: Building Construction order book over EUR 1 billion
Building Construction order book over EUR 1 billion Building Construction order book, • Order book corresponds to approximately 18 EUR million months of work • We have continued to win both public and private sector projects despite the highly competitive market • Main orders announced during Q2 • I
Slide 19: 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 3,861 2,982 3,024 Steel structures 2,956 2,618 2,770 2,147 2,162 0 1,889 1,894 Concrete structures 53% 55% 50% 49% 50% Building
Slide 20: View of the CEE residential market upgraded to good
View of the CEE residential market upgraded to good Overall market Building environment remained Residential market construction market Infrastructure market stable; Finland In Central Eastern Baltic countries Central Eastern Europe Europe, the residential market is favorable with Q2 market environm
Slide 21: Strategy for 2025-2029: Financial development
YIT YIT STRATEGY Financial STRATEGY FOR 2025-2029 development FOR 2025- 2029 Getting it done together 21
Slide 22: Financial development in Q2/2025
Financial development in Q2/2025 ROCE, Key assets Operating cash flow rolling 12 months at amounted to after investments was 3.9% 1,637 million EUR -29 million (Q2/24: 1.4%) (Q2/24: 1,841) (Q2/24: -6) (Q1/25: 3.6%) (Q1/25: 1,635) Gearing at Net debt at Guidance (changed) YIT expects its Group 84% EU
Slide 23: ROCE continued on a positive trend
ROCE continued on a positive trend, potential to release capital 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 237 million in Q2/25 (i
Slide 24: Rolling 12 months operating cash flow after investments positive for six quarters
Rolling 12 months operating cash flow after investments positive for the last six quarters Operating cash flow after investments, EUR million • Operating cash flow after investments decreased to EUR -29 million (-6) in Q2 as part of the normal business cycle • Cash flow from plot investments amounte
Slide 25: Net interest-bearing debt and gearing decreased
Net interest-bearing debt and gearing decreased Net interest-bearing debt, • Net debt decreased to EUR 670 EUR million million (788) • Gearing decreased to 84% (97%), mainly supported by positive 12 months rolling operating cash flow and hybrid bond issuance in the second quarter of 2025 • Adjusted
Slide 26: Strong plot portfolio enables production of approximately 30,000 apartments
Our strong plot portfolio enables the production of approximately 30,000 apartments Assets and net debt breakdown, EUR million, at the end of Q2/25 Enables the construction of approximately Finland: 587 apts. Tripla valued 16,000 apts. Finland and 13,000 apts. in CEE CEE: 195 apts. at 186 million 1,
Slide 27: New guidance: Group adjusted operating profit EUR 30–60 million in 2025
• The residential market in the Baltic countries and Central Eastern Europe is New 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 the or
Slide 28: Financial performance is on a positive track
Financial performance is on a positive track and strong financial position enables the targeted profitable growth Improved financial performance Potential to reallocate up to Strong plot portfolio continues to is visible in the positive ROCE EUR 500 million capital to fund be an asset as we accelera
Slide 29: Strategy progress update
YIT Strategy STRATEGY progress FOR 2025-2029 update Getting it done together 29
Slide 30: 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 Profitability improving, growing operations ROCE on a positive trend, further weak market conditions in Finland. in Reside
Slide 31: Strategy execution highlight from Q2/2025
Strategy execution highlight from Q2/2025 Tallinn Strategic priorities Projects under construction Driving growth in Residential CEE at the end of Q2/2025 Deliver industry-leading • Growing economies with a combined Riga productivity and financial population of 60 million people across the performan
Slide 32: 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 Interim Report Q3/2025 will be published on Thursday, October
Slide 33: Appendices
Appendices I. Key figures II. Apartment sales 33
Slide 34: I. Key figures
I. Key figures EUR million 4–6/25 4–6/24 1–6/25 1–6/24 1–12/24 Revenue 412 434 798 846 1,820 Operating profit 7 -42 13 -51 -55 Operating profit, % 1.6 -9.8 1.6 -6.0 -3.0 Adjusted operating profit 10 7 17 -7 32 Adjusted operating profit margin, % 2.4 1.6 2.2 -0.9 1.7 Result before taxes -7 -57 -15 -7
Slide 35: 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 36: Together we can do it.
Together we can do it.