1. YIT Group Interim Report 1-9/2008
CONFIDENTIAL
YIT Group Interim Report 1-9/2008
30 June 2018
Austria
Czech Republic
Denmark
Estonia
Finland
Germany
Hungary
Latvia
Lithuania
Norway
Poland
Romania
Russia
Sweden
Hannu Leinonen
President and CEO
Event for analysts and investors
October 29, 2008
YIT CORPORATION

2. Contents Interim Report 1-9/2008
CONFIDENTIAL
30 June 2018
Interim Report 1-9/2008
Actions in response to market environment
Outlook for 2008
Appendix
YIT shareholders
YIT CORPORATION

3. Interim Report 1-9/2008
CONFIDENTIAL
30 June 2018
YIT CORPORATION

4. January-September Revenue increased, EBIT decreased
MEUR
1-3/ 2008
4-6/ 2008
7-9/ 2008
1-9/ 2008
1-9/ 2007
Change
1-12/ 2007
Revenue 1)
927.0
991.2
970.8
2,889.0
2,679.5 8%
3,706.5
Operating profit 2)
78.6
70.5
63.1
212.2
229.1
-7%
337.8
of revenue
8.5%
7.1%
6.5%
7.3%
8.6% -
9.1%
Financial income and expenses, net 3)
-8.3
-10.0
-6.2
-24.4
-22.0
11%
-32.2
Profit before taxes
70.3
60.5
56.9
187.8
207.1
-9%
305.6
Earnings per share, EUR
0.40
0.33
0.29
1.02
1.20
-15%
1.77
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, In Aug-Sep 2008 revenue in these operations was EUR 58.6 million. Network Services division was divested on Dec 31, Revenue of Network Services in 2007 was EUR 77 million.
2) Q1/2008 including MEUR +3.5 (final ruling of the Supreme Court). Operating profit 1-12/2007 includes EUR 14.4 million sales gain from the divestment of Network Services division.
3) Q1/2008 including MEUR +2.2 (final ruling of the Supreme Court).

5. Growth continued - variation between countries
Revenue 1-9/2008 (1-9/2007)
MEUR 2,889 (2,680)
Growth 8%
Central Europe 1) 2%
MEUR 60 (-)
Finland 2) 49%
MEUR 1,403 (1,411)
Change -1%
Baltic countries 5%
MEUR 132 (170)
Change -22%
Scandinavia 33%
MEUR 958 (874)
Growth 10%
Russia 11%
MEUR 311 (203)
Growth 53%
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.
2) Revenue in 2007 includes Network Services division, which was divested on Dec 31, 2007.

6. Growth in Russia on track Average growth 2006-Q3/2008 54%
MEUR
Average annual revenue growth target
in Russia 50%
+49%
+53%
323
311
+65%
217
/2008

7. More than one third of revenue from maintenance services
MEUR
Percentage of group revenue
37%
1,356
37%
38%
1,222
37%
1,136
35%
1,047
36%
1,013
964
Building Systems 1)
Industrial Services 2)
Construction Services Finland 3)
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.
2) Revenue includes Network Services division, which was divested on Dec 31, 2007.
3) Construction services operations in Finland were separated as own segment on Jan 1, 2008

8. Revenue growth driven by Building Systems and International Construction Services
Revenue 1-9/2008 (1-9/2007) MEUR 2,889 (2,680)
Growth 8%
Other items -3%
MEUR -75 (-55)
Growth 37%
Building Systems 1) 48%
MEUR 1,378 (1,170)
Growth 18%
Industrial Services 2) 11%
MEUR 311 (359)
Change -14%
International Construction Services 14%
MEUR 397 (334)
Growth 19%
Construction Services Finland 30%
MEUR 879 (871)
Growth 1%
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.
2) Revenue in 2007 includes Network Services division, which was divested on Dec 31, 2007.

9. Revenue development by business segment
MEUR
22%
MEUR 5%
-8%
-12%
Building Systems 1)
Industrial Services 2)
Construction Services Finland
International Construction Services
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.
In Aug-Sep 2008 revenue in these operations was EUR 58.6 million.
2) Revenue in 2007 includes Network Services division, which was divested on Dec 31, 2007.

10. EBIT growth in Building Systems and Industrial Services
EBIT 1-9/2008 (1-9/2007) MEUR (229.1)
Change -7%
Other items -7%
MEUR (-10.9)
Growth 38%
Building Systems 1) 45%
MEUR 94.6 (71.1)
Growth 33%
Industrial Services 3) 10%
MEUR 21.5 (18.9)
Growth 14%
Construction Services Finland 2) 44%
MEUR 92.9 (104.5)
Change -11%
International Construction Services 8%
MEUR 18.2 (45.5)
Change -60%
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.
2) Q1/2008 including MEUR +3.5 (final ruling of the Supreme Court).
3) EBIT in 2007 includes Network Services division, which was divested on Dec 31, 2007.

11. EBIT margin development by business segment% % 1) 2)
Building Systems
Industrial Services
Construction Services Finland
International Construction Services
1) Q4/2007 including MEUR (divestment of Network Services).
2) Q1/2008 including MEUR +3.5 (final ruling of the Supreme Court).

12. Return on investment declined%

13. High order backlog Share of Group order backlog
+25%
Share of Group order backlog
1-9/2008 (1-9/2007) Change
Building Systems 27%
MEUR 1,046 (741) +41%
Construction Services Finland 27%
MEUR 1,086 (1,129) -4%
International Construction Services 42%
MEUR 1,678 (1,134) +48%
Industrial Services 6%
MEUR 238 (222) +7%
Other items -2%
MEUR
3,965
3,627
3,670
3,509 1)
3,275
3,173
2,995 2) 3)
9/07
9/08
1) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.
2) After review period YIT made decision in Russia to stop construction of about 2,400
residential units that represent about EUR 320 million in order backlog.
3) Order backlog 3/07, 6/07 and 9/07 includes Network Services division, which was divested on Dec 31, 2007.

14. Nearly 27,000 professionals
Personnel 9/2008: 26,688 Change in 12 months: 12%
10,608
-8%
Finland 1)
4,516 1%
Sweden
3,403
76%
Russia
3,283
12%
Norway
2,114
---
Germany, Austria, Poland, Czech, Hungary, Romania 2)
1,361 6%
Denmark
1,403
-16%
Baltic countries
1) About 1,000 employees left YIT in Finland in the beginning of 2008 from Industrial Services segment due
to divestment of Network Services division.
2) Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.

15. Actions in response to market environment

16. Business environment in YIT’s operating countries
Scandinavia 30% of YIT
Construction volumes declining
Possibilities in fragmented building systems market
Growth in technical maintenance, refurbishment and energy-saving solutions
Central Europe 9% of YIT
Possibilities in residential development
Finland 47% of YIT
Growth in civil engineering, building repair and industrial maintenance
Russia 8% of YIT
Construction volumes and prices decreasing due to financial crisis
On longer term strong need for residential construction
Baltic countries 6% of YIT
Diminished construction demand continues
% of Group revenue 2007 pro forma. Operations acquired from Central Europe were transferred to YIT on Aug 1, 2008.

17. YIT actions Strengthen cash flow Adjust cost structure
Residential start-ups decreased in Finland and stopped in Baltics
In Russia construction of about 2,400 residential units will be stopped - about EUR 320 million in order backlog
No new plot acquisitions - only existing contracts
Cut off other investments
Adjust cost structure
Cut off fixed costs - target EUR 40 million on yearly level by Q3/09
Procurement contracts renegotiated to match with market situation

18. Decreased residential start-ups
Finland
Russia
Baltics 1)
1) After review period YIT made decision to stop
construction of about 2,400 residential units
in Russia.

19. Solid financial position
Gearing ratio, %
Equity ratio, %

20. Stable maturity structure
CONFIDENTIAL
30 June 2018
Debt portfolio 9/2008
Total EUR 745 million
Average interest rate 5.0%
Maturity 12/2007
EUR 1,000
Markets
55%
Others 1%
Insurance companies 6%
Loans from credit institutions
20%
Sold receivables 1)
18%
Excludes sold receivables
1) Developer contracting liabilities
YIT CORPORATION

21. Outlook for 2008
CONFIDENTIAL
30 June 2018
YIT CORPORATION

22. Outlook for 2008 In January-September, During the last quarter,
operating profit increased in Building Systems and Industrial Services, and
decreased in Construction Services Finland and International Construction Services compared to 2007.
During the last quarter,
the operating profit of Building Systems and Industrial Services is estimated to be on the same level as in 2007, excluding the sales gain of EUR 14.4 million from the divestment of the Network Services division.
The operating profit of Construction Services Finland and International Construction Services is estimated to decrease clearly during the last quarter compared to the previous year.

23. Outlook for 2008
CONFIDENTIAL
30 June 2018
YIT estimates that revenue for 2008 will increase, but profit before taxes will decrease clearly compared to the previous year.
The profit development in the last quarter faces uncertainty due to the development of consumer confidence and its effect on residential sales in Russia.
YIT CORPORATION

24. More information www.yitgroup.com Sakari Ahdekivi
CONFIDENTIAL
30 June 2018
Sakari Ahdekivi
Chief Financial Officer
tel
Petra Thorén
Senior Vice President
Investor Relations
tel
Mob
YIT CORPORATION

25. Appendix YIT shareholders
CONFIDENTIAL
30 June 2018
YIT CORPORATION

26. Major shareholders Owners, September 30, 2008 Shares % 1
CONFIDENTIAL
Major shareholders
30 June 2018
Owners, September 30, 2008
Shares % 1
Suomi Mutual Life Assurance Company
7,071,180
5.56 2
Mandatum Henkivakuutusosakeyhtiö
5,507,004
4.33 3
Varma Mutual Pension Insurance Company
3,549,804
2.79 4
Ilmarinen Mutual Pension Insurance Company
2,474,579
1.95 5
Tapiola Group
1,912,077
1.50 6
Svenska Litteratursällskapet i Finland
1,861,000
1.46 7
Etera Mutual Pension Ins. Company
1,784,400
1.40 8
Brotherus Ilkka
1,424,740
1.12 9
Odin Norden C/O Odin Forvaltning As
1,405,266
1.10 10
State Pension Fund
1,100,000
0.86
Others
38,641,037
30.38
Nominee registered shares total
60,492,335
47.55
- Corbis S.A and Fennogens Investments S.A *)
> 6,361,171
> 5%
Total
127,223,422
100.00
*) Announcement on Oct 6, 2008
YIT CORPORATION

27. Ownership of non-Finnish shareholders
CONFIDENTIAL
Ownership of non-Finnish shareholders
30 June 2018
9/2008: 49.76%
% of YIT shares
YIT CORPORATION

28. Number of shareholders
CONFIDENTIAL
30 June 2018
YIT CORPORATION