1. YIT Group Interim Report 1-9/2007
PUBLIC
22 April 2018
Presence in 8 countries local communities about 24,000 employees
YIT Group Interim Report 1-9/2007
Hannu Leinonen Group CEO
Event for analysts and investors
October 26, 2007
YIT CORPORATION

2. Contents YIT Group Interim Report 1-9/2007 Market and Future Outlook
PUBLIC
22 April 2018
Contents
YIT Group Interim Report 1-9/2007
Market and Future Outlook
YIT CORPORATION

3. PUBLIC
22 April 2018
YIT Group
Interim Report 1-9/2007
YIT CORPORATION

4. Revenue and operating profit growth continued strongly
MEUR
1-9/2007
1-9/2006
Change, %
1-12/2006
Revenue
2,679.5
2,376.3 13
3,284.4
Operating profit (EBIT)
229.1
172.4 33
258.8
as percentage of revenue
8.6
7.3 -
7.9
Financial items, net
-22.0
-14.3 54
-20.6
0.8
0.6
Profit before taxes
207.1
158.1 31
238.2
Profit for the period
154.1
114.6 34
175.4
5.8
4.8
5.3
Attributable to
Equity holders of the company
152.1
110.7 37
171.0
Minority interests
2.0
3.9
-49
4.4
Earnings per share, EUR
1.20
0.88 36
1.36
Return on investment, % 1)
25.8
25.2
24.8
Net interest-bearing debt, MEUR
591.4
416.8 42
506.5
Gearing ratio, %
79.1
68.1
75.1
1) Calculated for the period from Oct 1,2006 -Sep 30, 2007, using the balance sheet figures at Sep 30, 2006 and Sep 30, 2007.

5. Breakdown of revenue 1-9/2007 (1-9/2006)
Finland 53%
MEUR 1,411 (1,329)
Growth 6%
Lithuania, Estonia, Latvia 6%
MEUR 170 (128)
Growth 33%
Russia 8%
MEUR 203 (165)
Growth 23%
Sweden, Norway, Denmark 33%
MEUR 874 (749)
Growth 17%
Total revenue MEUR 2,680 (2,376)
Growth 13%

6. Revenue by business segment
MEUR
1-9/ 2007
1-9/ 2006
Change, %
1-12/ 2006
Building Systems
1,170.3
1,009.2 16
1,415.1
Construction Services
1,196.1
1,055.9 13
1,452.2
Industrial and Network Services
359.0
352.9 2
476.9
Other items
-45.9
-41.7 10
-59.8
YIT Group, total
2,679.5
2,376.3
3,284.4

7. Revenue growth accelerated in Russia
+65%
+23%
1-9/ 06 07 Q1 Q2 Q3 Q4
+60%

8. Operating profit (EBIT) by business segment
MEUR
1-9/ 2007
1-9/ 2006
Change, %
1-12/ 2006
Building Systems 1)
71.1
52.6 35
87.6
Construction Services
150.0
120.8 24
170.8
Industrial and Network Services 2)
18.9
12.8 48
18.0
Other items
-10.9
-13.8
-21
-17.6
YIT Group, total
229.1
172.4 33
258.8
EBIT margin, %
8.6
7.3 -
7.9
1) Building Systems released provisions for certain ended contractual obligations in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.
2) Includes EUR 1.0 million in Q1/ 2007 and EUR 5.1 million in Q3/2006 of personnel expenses as a result of the codetermination negotiations carried out in 2006 in Network Services.

9. Building Systems EBIT development
EBIT, MEUR
EBIT margin, % 2) 2) 2) 2) 1) 1) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1) Includes a loss provision of EUR 4 million due to an electrification project on two ships for the Royal Danish Navy (non-recurring item) in Q3/2004.
2) Provisions for certain ended contractual obligations were released in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.

10. Construction Services EBIT development
EBIT, MEUR
EBIT margin, % Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

11. Industrial and Network Services EBIT development
EBIT, MEUR
EBIT margin, % 1) 2) 1) 2) 1) 1) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1) Includes EUR 5.1 million of personnel expenses in Q3/2006 as a result of the codetermination negotiations carried out in 2006 in Network Services.
2) Includes the final expense of EUR 1.0 million of personnel expenses in Q1/ 2007 as a result of the codetermination negotiations carried out in 2006 in Network Services.

12. Order backlog development
MEUR
3,275
3,173
2,995
2,802
2,246
2,151
1,999
2,007
1,909
1,881
1,879
1,823
1,722
1,708
1,585

13. Order backlog by business segment
MEUR
9/2007
9/2006
Change, %
12/2006
Building Systems
740.5
582.7 27
601.7
Construction Services
2,263.3
1,524.4 48
2,053.5
Industrial and Network Services
221.7
180.3 23
184.0
Other items
-53.0
-41.2 29
-36.9
YIT Group, total
3,172.5
2,246.2 41
2,802.3

14. YIT Group invested capital
PUBLIC
22 April 2018
YIT Group invested capital
12/2005
12/2006
9/2007
Russia 11%
MEUR 100
Russia 23%
MEUR 279
Russia 30%
MEUR 417
Other countries 89%
MEUR 799
Other countries 77%
MEUR 928
Other countries 70%
MEUR 979
Total 12/2005
MEUR 899
Total 9/2007
MEUR 1,396
Total 12/2006
MEUR 1,207
Invested capital= balance sheet total - non interest-bearing liabilities
YIT CORPORATION

15. Personnel development Growth 7%
Personnel 9/2007 change during last 12 months
Finland 11,
Attracting competent professionals
to ensure growth
Russia 1,
- Commitment of existing personnel
- Developing employer image
- Co-operation with local educational institutes
Recruitment and trainee programs for young professionals
- Ways to root cross-border labor
Lithuania, Estonia, Latvia 1,
Denmark 1,282
+35
Sweden 4,
Norway 2,
Total 23,836 employees +1,648 during last 12 months

16. Market and Future Outlook
PUBLIC
22 April 2018
Market and Future Outlook
YIT CORPORATION

17. PUBLIC
22 April 2018
Market trends
Boom has peaked in world economy - growth expected to continue
Uncertainties in the world economy have increased
Boom peaked last year in the Nordic countries but growth continues outpacing that of euro zone. Growth in Russia and the Baltics is more than double. Rapid inflation in Latvia and Estonia increases uncertainty in economic growth
Growth in business premises outpaces that of housing production in the Nordic countries
Huge need for apartments in the large cities of Russia enables expansion of residential production over the long term
YIT CORPORATION

18. Building Systems market outlook
Output by sector in the Nordic countries
Average growth
Residential stable
Non-residential +3%
Civil engineering +3%
Renovation +2%
Total construction +2%
Source: Euroconstruct, VTT Technical Research Centre of Finland

19. In Russia apartments sold started to grow
1-9/2006
1-9/2007
2006
2007

20. Apartments sold declined in the Baltic countries
1-9/2006
1-9/2007
2006
2007

21. Average price for residences in the major cities of Russia
Price increases have been moderate
in Russia during 2007
USD/m2
Average price for residences in the major cities of Russia
Local average wage indexes relative to residential prices in Moscow 2001: 940 USD/sq.m and St. Petersburg 2001: 469 USD/sq.m
Moscow
St. Petersburg
Moscow Oblast
Yekaterinburg
N.Novgorod
Rostov
Samara
Perm
Source: Gosskomstat and Real Estate Bulletin (Buelletin nedvizhimosti)

22. In Finland total amount of apartments sold decreased slightly
1-9/ 04
1-9/ 05
1-9/ 06
1-9/ 07
2004
2005
2006
2007
Apartments sold include sales to consumers (including leisure residences) and investors.

23. Households’ intentions to acquire an owner- occupied flat during the next 12 months
% of households
September 07
Source: Statistics Finland’s Consumer Survey, September 27, 2007

24. Stable need for residential production in Finland
PUBLIC
22 April 2018
Stable need for residential production in Finland
No of residencies, estimate until 2025
Urbanization rate 68%, far behind Scandinavian and European levels
Migration between and within municipalities continues on high level
Source: VTT Technical Research Centre of Finland
YIT CORPORATION

25. Residential construction
Apartments
under construction
Apartments
completed and unsold No No 1) 1) 1) 1) 1) 1) 9/ 06 6/ 07 9/ 07 9/ 06 6/ 07 9/ 07 9/ 06 6/ 07 9/ 07 9/ 06 6/ 07 9/ 07 9/ 06 6/ 07 9/ 07 9/ 06 6/ 07 9/ 07
1) In Russia the recording has changed for under construction, completed and completed and unsold apartments for the statistics of 9/2006, 6/2007 and 9/2007, so that apartments are recorded as completed three months after the inspection of the authorities. Previously the apartments were recorded as completed only after the buyers had done their own registration to the authorities.

26. Business premises growth outpaces that of housing in Finland
Volume of construction of new buildings 2000=100, 12 month moving average
Residential buildings Non-residential buildings
Source: Statistics Finland, 8/2007

27. Projects in real estate development
Finland
YIT head quarters extension - sold to RBS Nordisk Renting
Duetto business park - sold to Union Investment
Entresse shopping centre - sold to CapMan and RBS Nordisk Renting
Atomi shopping centre - sold to Boultbee
Grandis retail centre - sold to FEA
Joensuu shopping centre - sold to I/S EjendomsInvest
St. Petersburg, Russia
Office building - sold to EPI Russia fund
Logistics centre - sold to EPI Russia fund
Production plant and logistics centre - sold to Atria (Finnish food company)

28. Forecast for 2007 in residential construction
PUBLIC
22 April 2018
Forecast for 2007 in residential construction
YIT estimates its market-financed residential start-ups:
in Finland about 2,300 (2006: 2,818)
in Russia about 4,500 (3,699)
in the Baltic countries about (887)
YIT CORPORATION

29. PUBLIC
22 April 2018
Outlook for 2007
YIT Group
We estimate that revenue in 2007 will be bigger than in the previous year and operating profit (EBIT) will increase clearly compared to the previous year.
YIT CORPORATION

30. More information on our web site
Sakari Toikkanen Executive Vice President
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Sakari Ahdekivi
Chief Financial Officer
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Petra Thorén Vice President, Investor Relations tel mobile