Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — AS Merko Ehitus — Shareholder Meeting (May 2020)
16 slides from Merko Ehitus As's shareholder meeting presentation, May 6, 2020
Slide 1: Overview of 2019 Economic Results and Future Outlook
AS MERKO EHITUS Overview of 2019 Economic Results and Future Outlook 6 May 2020
Slide 2: Group's Markets and Business Areas 2019
Group’s Markets and Business Areas 2019 Regional general contracting and real estate developing company Norway Estonia • Renovation works, • Buildings, facilities, electrical building construction and road construction, concrete works • Real estate development Latvia • Buildings, facilities, electri
Slide 3: 2019 revenue and profit in annual context
2019 revenue and profit in annual context
Slide 4: 2019 revenues on good level
2019 revenues on good level 2018 revenues were extraordinary DISTRIBUTION OF GROUP REVENUE BY GEOGRAPHIC LOCATION 418 in million euros 318 327 251 252 191 203 178 169 158 157 80 93 65 45 35 47 46 28 25 4 12 11 19 2015 2016 2017 2018 2019 Estonia Latvia Lithuania Norway ❑ Revenue: 52% from Estonia, 4
Slide 5: 2019 strong profitability
2019 strong profitability 5 year average return on equity above 10% NET PROFIT in million euros ❑ 2019 profit before tax EUR 20.3m 2018 profit before tax EUR 19.8m 2019 16,3 ❑ In 2019, compared to 2018, higher corporate 2018 19,3 income tax from dividend payments, due to 2017 14,7 which net profit w
Slide 6: EUR 170m of new construction contracts
EUR 170m of new construction contracts Secured order book EUR 141m 2019 LARGEST SIGNED CONTRACTS in million euros Kaunas district Police 24 headquarters building in Lithuania Public–private partnership (PPP) contract for 15 years Reconstruction works of Aaspere- 13 Haljala road section in Estonia Re
Slide 7: Examples of projects completed in 2019
Examples of projects completed in 2019 Akropole centre in Riga Quadrum office building in Vilnius Kiini 110/20kV substation in Estonia Alfa shopping centre expansion in Riga Tallink office building in Tallinn
Slide 8: Examples of ongoing objects in 2020
Examples of ongoing objects in 2020 Türi Basic School buildings in Estonia (2020) Kaunas district Police headquarters building in Lithuania (2022) College building and dormitory in Piņķi, Latvia (2020) Aaspere-Haljala road section in Estonia (2020)
Slide 9: In 2019 ca 500 new apartments sold, ca 100m EUR invested
In 2019 ca 500 new apartments sold, ca 100m EUR invested Apartment development remains group’s central business line NUMBER OF APARTMENTS SOLD AND INVESTMENTS IN APARTMENT LAUNCHED DEVELOPMENT PROJECTS AND LAND PLOT pcs ACQUISITIONS 1032 in million euros 19 87 19 574 493 9 482 482 16 496 54 3 403 48
Slide 10: Examples of ongoing residential development projects
Examples of ongoing residential development projects Uus-Veerenni 2nd stage, Tallinn: 88 apts. (2020) Pikaliiva 2nd & 3rd stage, Tallinn: 116 apts. (2020) Vilneles slenis, Vilnius: 221 apts. (2020) Lahekalda residential area 1st stage, Tallinn: 144 apts. (2020) Merks Viesturdārzs 1st stage, Riga: 96
Slide 11: Construction market developments
Construction market developments Stabilization in Estonia and Latvia, continued growth in Lithuania Pandemic to impact construction sector with delay ❑ Depth and duration of economic Important role of governmental measures and procurements decline in 2020 due to pandemic unknown ❑ Pandemic has first
Slide 12: Residential real estate market
Residential real estate market Pandemic caused insecurity ❑ So far growing wages have balanced out the Sales periods becoming longer increase in real estate prices – there has not been a price bubble. Therefore current NEW AND ALL (dotted line) DWELLINGS HOUSE PRICE INDEX difficult situation cannot
Slide 13: Merko Ehitus strategic directions
Merko Ehitus strategic directions In times of economic crisis focus on cash flow management and costs ➢ Long-term directions have not changed – profitable growth in apartment development and construction services with focus on current home markets ➢ Primary objective in challenging times is to ensur
Slide 14: Thank you!
merko Thank you!
Slide 15: 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
Slide 16: merko
merko