Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — Investor Presentation (April 2016)
20 slides from Merko Ehitus As's investor presentation, Apr 15, 2016
Slide 1: Merko Ehitus Group Investor Presentation
MERKO EHITUS GROUP Construction, Engineering & Real Estate Investor presentation 15 April 2016
Slide 2: Agenda
Agenda 1. Group in brief 4. Shareholders and dividends 2. Market 5. Merko: long term outlook 3. Business activities 2 Liepaja Concert Hall
Slide 3: Group in brief
Group in brief Estonian construction services Wide scope of (43% of revenue), Latvian and Share quoted on construction services: Lithuanian construction services (29%), Real Estate Nasdaq OMX • General construction Development (28%) Tallinn since 1997 • Engineering construction • Road construction •
Slide 4: Value Offering
Value Offering Integrated project management and general contracting service across the full life cycle of construction projects. From idea to planning to engineering design to site works to warranty: full responsibility to deliver the project. We mainly contract subcontractors, but also use own
Slide 5: Market
merko MARKET
Slide 6: Market: construction
Market: construction Source: Local statistical services 6
Slide 7: Market: Housing market in Baltics
Market: Housing market in Baltics Source: Eurostat 7
Slide 8: Business Activities
merko BUSINESS ACTIVITIES
Slide 9: Estonian Construction Services
Estonian Construction Services Construction services include: • Buildings and different facilities; • Infrastructure engineering projects, including water, environmental and electrical projects; • Road construction and maintenance. • 43% of 2015 revenues (incl. revenues from Finland 3m) • Private an
Slide 10: Latvian and Lithuanian Construction Services
Latvian and Lithuanian Construction Services Construction services include: • Buildings and different facilities; • Infrastructure engineering projects, including water, environmental and electrical projects; • 29% of 2015 revenues • Private and public clients • Q1 2016 acquisition: a small Norwegia
Slide 11: Real Estate Development
Real Estate Development Development of real estate owned by group: • Main focus on apartments development for consumers; • Real estate projects for business; • Long-term investments (PPP). • 28% of 2015 revenues Tartu mnt 52 residential quarter, Tallinn: 183 apartments in total 1st phase completed i
Slide 12: 2016 Largest Projects in Progress Estonia
2016 Largest Projects in Progress Estonia Hilton Hotel (2016): €31 mln Maakri business complex (2018): €30 mln Ülemiste City office building (2016): €17 mln 12
Slide 13: 2016 Largest Projects in Progress Latvia and Lithuania
2016 Largest Projects in Progress Latvia and Lithuania Vilnius, Kauno Algirdo residential and Vilnius, Narbuto 5 office building (2017): €8.5 mln Riga International Airport (2016): €8.9 mln administrative buildings (2016) 13
Slide 14: Apartment developments in Progress
Apartment developments in Progress Tartu mnt 52, Tallinn : 1st and 2nd phase (2016 and Krokuvos 73, Vilnius: 98 apartments (2016) Skanstes Parks, Riga: 138 apartments (2017) 2017), 185 apartments 14
Slide 15: Shareholders and Dividends
SHAREHOLDERS AND DIVIDENDS 15
Slide 16: Stock Exchange overview
Stock Exchange overview Market Cap EUR 150.1m (31.12.2014: EUR 127.4m) +18.8% y-o-y No of % of total Shareholders shares 31.12.2015 AS Riverito (management) 12,742,686 71.99% ING Luxembourg S.A. AIF Account 974,126 5.50% Firebird Republics Fund Ltd 395,704 2.24% Skandinaviska Enskilda Banken S.A. 26
Slide 17: Dividends
Dividends Dividend pay-out ratio according to long-term financial objectives: 50-70% of the annual profit. * Using share price as at 31.12 ** 2015 figures based on Management Board proposal 17
Slide 18: Merko: long term outlook
Merko: long term outlook Long term outlook: the leading Baltic construction and development business EU funds will support the increase in civil and public sector building orders (Rail Baltica etc) but not yet reflecting 2016 revenues. Strengthen our position as leading apartment developer in th
Slide 19: Contacts
Contacts Andres Trink Signe Kukin Chief Executive Officer Chief Financial Officer E-mail: andres.trink@merko.ee E-mail: signe.kukin@merko.ee AS Merko Ehitus Delta Plaza, 7th floor Pärnu mnt. 14111314 Tallinn, Estonia Phone: +372 6501 250 group.merko.ee 19
Slide 20: 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