Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — Q1 2013 Earnings Presentation
10 slides from Merko Ehitus As's earnings presentation, May 2013
Slide 1: Merko Ehitus Group 3 months 2013
Merko Ehitus Group 3 months 2013 May 2013
Slide 2: Key financials
Key financials EUR millions 1Q 1Q Variance 2013 2012 Revenue 47.9 47.8 +0.1% Gross profit margin (%) 8.8 5.2 +3.6% Net profit, attributable to equity holders of the parent 1.8 0.2 +1040.0% Earnings per share (EPS), in euros 0.10 0.01 +1040.0% Cash and equivalents, at the end of period 35.8 8.7 +310.
Slide 3: Revenues stable, Gross Profit improved y-o-y
Revenues stable Gross Profit improved y-o-y Q1 2013 revenues stable: Estonia 78.4%, Latvia 17.4% and Lithuania 4.2%. Revenues doubled in Latvia compared to Q1 2012. Main impact from apartment sales. The largest proportion of revenues from engineering segment (1Q 2013:43.3%; 1Q 2012: 53.8%). Gr
Slide 4: Profitability
Profitability Q1 2013 net profit EUR 1.8m. Administrative and general expenses reduced by 4.5% y-o-y, effect from management restructuring in Latvia and Lithuania in Q1 2012. Our key focus is to enhance the efficiency of the cost base. 4
Slide 5: Financial Position
Financial Position As strong operating results, the cash Total assets and debt ratio position at EUR 33.3m. Group has also EUR in million euros and % 2.5m in short-term deposits. 235 Operating activities still mainly affected by 227 225 224 public sector projects. 215 219 220 212 The net debt
Slide 6: Secured Order Book
Secured Order Book Secured order book has remained stable at EUR 193m (increase by 2.1% y-o-y). EUR 45m worth of new contracts compared to EUR 69m during Q1 2012. 2 large contacts signed in a total amount of EUR 30m in April (Tondiraba ice arena and Nurmevälja logistics centre). Pressure on
Slide 7: Market Outlook for 2013
Market Outlook for 2013 Construction market Largely impacted by public sector procurements in all Baltic States. Continuing uncertainties around EU funding partly due to the end of first funding period 2007-2013. Positive trends from private sector as the market is slowly picking up. Market
Slide 8: Stock Exchange overview
Stock Exchange overview Market capitalisation as at 31 March 2013 €127 million (share price €7.18) TOP 4 shareholders: 1. AS Riverito (management) 72% 3. Skandinaviska Enskilda Banken 5.07% 2. ING Luxembourg 5.5% 4. Firebird Republics Fund 1.7% 8
Slide 9: About Merko Ehitus Group
About Merko Ehitus Group AS Merko Ehitus operates as a holding company incorporating construction and real estate development subsidiaries offering integrated construction solutions and developing own real estate. AS Merko Ehitus Real-estate Estonia Latvia Lithuania development and investments gener
Slide 10: Contacts
Contacts Andres Trink Chief Executive Officer E-mail: andres.trink@merko.ee Signe Kukin Chief Financial Officer E-mail: signe.kukin@merko.ee AS Merko Ehitus Delta Plaza, 7th floor Pärnu mnt. 141, 11314, Tallinn Phone: +372 6501 250 www.merko.ee 10