Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — AS Merko Ehitus — Shareholder Meeting (May 2021)
17 slides from Merko Ehitus As's shareholder meeting presentation, May 4, 2021
Slide 1: Overview of 2020 Economic Results and Future Outlook
AS MERKO EHITUS Overview of 2020 Economic Results and Future Outlook 4 May 2021
Slide 2: Group's Markets and Business Areas 2020
Group’s Markets and Business Areas 2020 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 and facilities • Rea
Slide 3: Focus on occupational health and safety
Focus on occupational health and safety Raising awareness of occupational safety ❑ Priority on ensuring long-term work ability and well-being of personnel ❑ Mapping of near miss events, i.e. dangerous situations that could have ended in an accident, to increase awareness and change behavioural habit
Slide 4: 2020 revenue and profit in annual context
2020 revenue and profit in annual context G A , , , , , , , , , , , , , , et profit attri uta le to e uity holders of the parent e enue
Slide 5: 2020 stable sales revenue, but changed structure
2020 stable sales revenue, B G A G GM but changed structure 2 B G B G G A A 2 2 2 2 2 onstruction ser ice eal estate de elopment ❑ Decreased volume of construction service, substantially increased share of real estate development (21% → 41%) stonia at ia ithuania orway ❑ For the past years, group ha
Slide 6: 2020 strong profitability, 5 year average return on equity above 12%
2020 strong profitability 5 year average return on equity above 12% 2 0 ❑ 2020 profit before tax EUR 24.5m 2019 profit before tax EUR 20.3m ❑ No dividends were paid in 2020, but deferred income tax in the amount of EUR 1.4m was recognized, in 2019 the income tax expense on dividends was EUR 2.7m ❑ A
Slide 7: EUR 277m of new construction contracts, secured order book EUR 225m
EUR 277m of new construction contracts Secured order book EUR 225m B 2020 LARGEST SIGNED CONTRACTS in million euros Tallinn School of Music and Ballet in Estonia 35 The third stage of Mustamäe medical campus 34 in Estonia 2 0 Orkla wafer and biscuits production plant in 22 22 32 Latvia Infrastructur
Slide 8: Selection of projects completed in 2020
Selection of projects completed in 2020 Kärdla Central Square in Estonia Türi Basic School buildings in Estonia Aaspere-Haljala road section in Estonia Neringa hotel building in Vilnius Väike-Järve commercial building in Tallinn
Slide 9: Selection of ongoing objects in 2021
Selection of ongoing objects in 2021 Tallinn School of Music and Ballet in Estonia (2022) Kaunas district Police headquarters building in Lithuania (2022) Orkla wafer and biscuits production plant in Ādaži, Latvia (2022) The third stage of Mustamäe medical campus in Estonia (2023)
Slide 10: In 2020 ca 900 new apartments sold, sales revenue over 100m EUR
In 2020 ca 900 new apartments sold, sales revenue over 100m EUR MB A A M A A M A A M M A A 0 2 A 2 2 2 ew land plots purchase price partments sold partments launched In estments in apartment de elopments ❑ Final agreements signed for sale of 895 new apartments. All-time annual record ❑ Construction
Slide 11: Selection of ongoing residential development projects
Selection of ongoing residential development projects Erminurme 1st stage, Vilneles Skverai residential quarter 1st stage, Lahekalda residential area 2nd stage, Tartu: 18 apts. (2021) Vilnius: 243 apts. (2022) Tallinn: 96 apts. (2021) Uus-Veerenni 3rd stage, Tallinn: 59 apts. (2021) Merks Viesturdār
Slide 12: Construction market developments: Delayed effects of the pandemic
Construction market developments Delayed effects of the pandemic MA M ❑ In the Baltics, minimal decrease of BA A construction market volumes: -0.8% 2 ❑ Estonia -3.2% ❑ Latvia +0.8% 0 0 ❑ Lithuania -0.4% 0 0 ❑ Large construction projects were 2 not stopped, existing contracts 2 were not terminated, s
Slide 13: Residential real estate market: Rapid return of demand
Residential real estate market Rapid return of demand ❑ In spring, in the first months of the pandemic, A A dotted line G the sales of apartments decreased to a 20 00 minimum. This was not, however, followed by decrease in prices – there was no air in the prices to vent, developers were on strong fi
Slide 14: Merko Ehitus strategic directions
Merko Ehitus strategic directions Input prices, demand returning, apartments’ mar et olume Construction for clients: ➢ Long-term directions have remained the same – profitable growth in ❑ Finalization of large objects and managing risks apartment development and ❑ Preferred partner for clients who v
Slide 15: Thank you!
merko Thank you!
Slide 16: Disclaimer
Disclaimer ❖ This presentation has been prepared by AS Merko Ehitus (the Company) solely ❖ The information contained in this presentation has not been independently for your use and benefit for information purposes only. By accessing, verified. The information in this presentation is subject to veri
Slide 17: merko
merko