Slide 1: Joint ventures and associated companies in Residential CEE
Joint ventures and associated companies in Residential CEE 19 December 2024 Silent call
Slide 2: Increased capital efficiency and returns to ensure resilience
Increased capital efficiency and returns to ensure resilience Material from YIT's Capital Markets Day Development of capital employed Development of net debt to equity EUR million % 1,542 98% 30-70% YIT Capital Capital Retained Growth Target YIT Q3/24 Released Free cash flow YIT target Q3/24 release
Slide 3: Project development joint ventures in Residential CEE enable capital efficient growth
Project development joint ventures in Residential CEE enable capital efficient growth • Project development joint ventures are used to develop, produce and sell residential projects jointly with co-investors • YIT uses JVs in Residential CEE project development to split the development and/or sales
Slide 4: Recently announced joint venture projects enabling construction of approximately 2,000 YIT homes
Recently announced joint venture projects in Residential CEE enabling currently the construction of approximately 2,000 YIT homes Riga, Latvia Bratislava, Slovakia Brno, Czech Republic Mārpagalmi 2 Mlyrnaka Project Židenice area We build highly functional Second phase of Mārpagalmi Residential proje
Slide 5: Joint venture and associated company consolidation and reporting
Joint venture and associated company consolidation and reporting Equity method Amount of power Control Joint control Significant influence over the investee • YIT’s share of the results of investee corresponding to its ownership stake is included in the Investment type Subsidiary Associated company
Slide 6: Project development JV's effect on YIT's financials
Project development JV’s effect on YIT’s financials 50-50 ownership, illustrative example Revenue recognition in JV Share of net result consolidated to YIT financials to “share of results of associated companies and joint ventures” line Elimination of internal revenue and margin Revenue recognition
Slide 7: Together we can do it.
Together we can do it.