Slides
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Q3/2026 Interim Report January – September 2026 Heikki Vuorenmaa, President and CEO Erkka Repo, CFO
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This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by YIT Corporation (the “Company”). By attending the meeting or event where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of any offer to buy, acquire or subscribe for, securities of the Company or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. Neither the Company nor any of its respective affiliates, advisors or representatives nor any other person shall have any liability whatsoever (in negligence or otherwise) for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. Each person must rely on their own examination and analysis of the Company and the transactions discussed in this presentation, including the merits and risks involved. This presentation includes “forward-looking statements”. These statements contain the words "anticipate", “will”, "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this presentation. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to ny forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The Company cautions you that forward-looking statements are not guarantees of future performance and that its actual financial position, business strategy, plans and objectives of management for future operations may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company's financial position, business strategy, plans and objectives of management for future operations are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. Neither the Company nor any other person undertakes any obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation. 2 Disclaimer 2
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3 Q3/2026 in brief
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Revenue, profitability and order book increased in Q3 4 Ongoing actions to improve capital efficiency and net working capital Cash flow improvements on a good track, indebtedness trending downwards Order book for the contracting segments strengthened significantly with over EUR 900 million of new customer orders during the quarter Adjusted operating profit increased by 26% to EUR 30 million, supported by broad- based growth and improved operative efficiency Aroma Park, Warsaw, Poland Group revenue increased by 14%, driven by strong contracting growth and continued positive momentum in Residential CEE
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5 Residential Finland Residential CEE Building Construction Infrastructure -5.2(-0.6)51(81) -3(0) 13.0(13.8)115(105) 15(14) 5.2(3.5)217(161) 11(6) 6.1(5.9)157(127) 10(7) EUR million Financial performance in Q3/2026 YIT Group, EUR million 30 (24) (previous year comparable period in brackets) 530 (466) 5.7 (5.1) • Residential Finland impacted by lower investor demand • Solid quarter from Residential CEE with increased revenue • Building Construction recorded over 30% growth with solid profitability • Infrastructure growth continues with 23% increase in revenue for the quarter Adj. operating profit Revenue Adj. OP, % Adj. operating profit Adj. operating profit Adj. operating profit Adj. operating profit Revenue Adj. OP, % Revenue Adj. OP, % Revenue Adj. OP, % Revenue Adj. OP, % Unless otherwise stated, all figures in this presentation are according to segment reporting
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Residential Finland: Consumer sales the main driver for the segment 6 Revenue, EUR million Operative capital employed, EUR million Adjusted operating profit, EUR million Margin target >10% Revenue has been impacted by a significant drop in investor volumes. Low volumes have impacted profitability, measures have been taken to adjust the cost base. Includes plots worth of EUR ~400 million enabling the construction of ~15,000 apartments. ROCE target >20% Target: Increase market share
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Consumer apartment starts and sales in Residential Finland Consumer apartments in Residential Finland, quarterly, units *at the end of period 224 119 64 0 43 152 97 131 90 116 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Starts Sold 0 200 400 600 800 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Starts Sold Unsold completed apartments* Consumer apartments in Residential Finland, rolling 12 months, units Consumer apartment sales totaled 116 units, two self-developed projects started during the quarter. Inventory has decreased and is less than the last 12 months sales and approaching normal levels. 7
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Apartment production in Residential Finland Apartments under construction in Residential Finland, units 729 876 820 837 978 661 602 602 514 0% 20% 40% 60% 80% 100% 0 200 400 600 800 1,000 1,200 1,400 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Consumer apartments Investor apartments Sold under construction, % • Total number of apartments under construction decreased to 514 (at the end of Q2/26: 602). • There were 87 consumer apartment and 44 investor apartment completions during Q3. • Sales rate of apartments under construction remained stable at 30% (Q2/26: 31%). • Sales rate has been impacted by the decreased amount of investor projects in the portfolio. Nihdin Portti, Helsinki, Finland 8
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Residential CEE: Growth continues with solid profitability Revenue, EUR million Operative capital employed, EUR million Adjusted operating profit, EUR million Margin target >15% Revenue increased 9% from the comparison period. Adjusted operating profit increased. Includes plots enabling the construction of approximately 14,000 new homes. ROCE target >25% Target: >15% growth (CAGR from 2024 baseline) 9
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Apartment starts and sales in Residential CEE Apartments in Residential CEE, quarterly, units *at the end of period Sales remained on a good level during the quarter. Most project starts in 2026 expected to take place in Q4. Sales have been on a steady growth path and have increased by 45% during the past two years. 0 500 1,000 1,500 2,000 2,500 3,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Starts Sold Unsold completed apartments* Apartments in Residential CEE, rolling 12 months, units 390 355 290 783 148 472 575 429 511 406 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Starts Sold 10 Apartment figures represent all projects in the segment, including in YIT's project development joint ventures and associated companies.
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Apartment production in Residential CEE Apartments under construction in Residential CEE, units 1,889 1,894 2,162 3,024 3,258 3,057 3,039 3,720 3,419 0% 25% 50% 75% 100% 0 1,000 2,000 3,000 4,000 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Sold under construction, % • Total number of apartments under construction at the end of Q3/26 was 3,419 (at the end of Q2/26: 3,720). • There were 447 apartment completions during Q3. • Apartments under construction have increased by over 80% during the past two years. • Sales rate of apartments under construction increased to 51% (Q2/26: 47%). Nurme 6, Tallinn, Estonia Apartment figures represent all projects in the segment, including in YIT's project development joint ventures and associated companies.11
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Building Construction: Revenue and profitability increased Revenue, EUR million Operative capital employed, EUR million Adjusted operating profit, EUR million Revenue increased by over 30% from the comparison period. Profitability continues on an improving trend supported by improving operative efficiency. Operative capital employed remained stable. Margin target >6% Target: Negative Target: >6% growth (CAGR from 2024 baseline) 12
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Infrastructure: Growth continues Operative capital employed, EUR million Revenue, EUR million Adjusted operating profit, EUR million Revenue increased by 23%, marking a seventh consecutive quarter of growth from the comparison period. Profitability has remained stable. Operative capital employed decreased during the quarter. Margin target >6% Target: Negative Target: >15% growth (CAGR from 2024 baseline) 13
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Contracting segments' order books strengthened significantly with new orders totaling more than EUR 900 million Order books, EUR million, IFRS • Design and construction of a new data center to atNorth in Kouvola, valued at ~EUR 300 million. • Implementation phase of the Jätkäsaari swimming and sports center for the City of Helsinki, valued at ~EUR 94 million. • Construction of a new facility in Kouvola to atNorth’s data center campus, value not disclosed. • Interior finishing phase, MEP, and commissioning of the third data center in Kajaani to XTX Markets, value not disclosed. • Implementation of the Oulu Passenger Rail Yard for the Finnish Transport Infrastructure Agency, valued at ~EUR 30 million. • Construction of a production and maintenance plant for UAB Lithuania Defense Services , valued at ~EUR 30 million. 954 978 1,016 1,026 1,352 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 14 Main orders announced and recorded to order books during Q3/2026 759 875 922 901 1,115 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 InfrastructureBuilding Construction
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Data center business continues to grow Data center business revenue, rolling 12 months, EUR million 59 106 141 201 251 5% 9% 12% 17% 19% Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 • Revenue from data centers is growing and amounted to EUR 251 million during the past 12 months. • Data centers represented 19% of the contracting segments' combined revenue during the past 12 months. • Revenue from the data center construction is split 50-50 between the Building Construction and Infrastructure segments. share of contracting segments revenue, % 15
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16 The residential market in Central Eastern Europe, remains solid; In Finland, the primary apartment market sales volumes are not expected to increase in 2026 Residential market Building construction market Infrastructure market Finland Baltic countries Central Eastern Europe WeakeningStableImproving Q3 market environment Short-term market outlook, next 12 months NormalGood Weak Prysmian Tower, Kirkkonummi, Finland Market environment in Q3/2026
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17 Financial development
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Financial development in Q3/2026 18 ROCE, rolling 12 months at 6.7% (Q3/25: 5.7%) (Q2/26: 6.1%) Operating cash flow after investments* was EUR 19 million (Q3/25: 0) Gearing* at 90% (Q3/25: 85%) (Q2/26: 91%) Net debt* at EUR 604 million (Q3/25: 669) (Q2/26: 618) *IFRS
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Return on capital employed improved Residential Finland Residential CEE InfrastructureBuilding Construction Operative capital employed, YIT Group, EUR million ’Other’ segment operative capital employed EUR 241 million in Q3/26 (in Q2/26: EUR 221 million) EUR million 19 ROCE %, YIT Group, rolling 12 months Target >15%
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20 Rolling 12 months operating cash flow after investments over EUR 100 million positive Operating cash flow after investments, EUR million, IFRS • Operating cash flow after investments was EUR 19 million (0) in Q3. • 12 months rolling operating cash flow after investments EUR 137 million positive at the end of the third quarter. • Cash flow related to plot investments amounted to EUR -19 million (-9) in Q3. YIT has adjusted the presentation of consolidated cash flow statement in Q1/2026. Figures from before 2025 have not been adju sted.
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ZWIRN, Bratislava, Slovakia Net interest-bearing debt decreased • Net debt decreased to EUR 604 million (669). • Gearing increased to 90% (85%), impacted by the redemption of the 2021 issued outstanding hybrid bond of EUR 46 million in Q1/26. • Adjusted net debt decreased to EUR 232 million (271). • Housing company loans related to unsold apartments decreased to EUR 118 million (138). Net interest-bearing debt, EUR million, IFRS *Excluding IFRS 16 lease liabilities and housing company loans related to unsold apartments Financial framework: Gearing in the range of 30-70% over the cycle 21
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Balance sheet remains asset rich Assets and net debt breakdown, EUR million, at the end of Q3/26, IFRS Main assets In addition to net debt, YIT has hybrid bonds with a nominal amount of EUR 100 million. Hybrid bonds are presented in equity (based on IFRS). *Excluding IFRS 16 lease liabilities and housing company loans related to unsold apartments Maturity structure of interest-bearing debt, EUR million* Plots = Plot reserve; Leased plot reserve Production = Work in progress; Raw materials and consumables; Leased plots, WIP; Advance payments; Other Completed = Completed apartments and real estate; Leased plots, completed apartments and real estate Investments = Equity investments; Investments in associated companies and joint ventures Cash & cash equivalents Interest-bearing receivables IFRS 16 lease liabilities Housing company loans related to unsold apartments Loans from financial institutions Commercial papers Bonds Other interest-bearing debt 17 17 184 31 148 2026 2027 2028 2029 2030 22 Tripla valued at 93 million At historical cost Enables the construction of ~15,000 apts. in Finland and ~14,000 apts. in CEE 1,494 Owned plots Leased plots Production Completed Investments 372M€ 232 604Net debt Adj. net debt*
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23 • The residential market in the Baltic countries and Central Eastern Europe is expected to continue favorable, contributing positively to Residential CEE segment's capability to generate profit. • In Finland, the primary apartment market sales volumes are not expected to increase in 2026. • In Building Construction, the operational performance is expected to improve. • In Infrastructure, the operational performance is expected to remain stable. • Changes in the macroeconomic or global political environment may impact the residential market demand and the fair value of investments. The escalation of geopolitical risks reflected in general uncertainty and demand could have a negative impact on the company’s financial performance. Revised guidance: YIT expects its Group adjusted operating profit for continuing operations to be EUR 80–90 million in 2026 (Previously: EUR 70–100 million) 23
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Strategy progress update 24
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Progress towards the strategic targets 25 Revenue, EUR million Adjusted operating profit margin %, rolling 12 months ROCE %, rolling 12 months The increasing trend in Group revenue reflects growth across multiple businesses. Growing share of data center construction is expected to further support profitability improvement from 2027 onwards ROCE improvement has been supported by the increased adjusted operating profit. Target: Adjusted operating profit margin of at least 7%Target: Revenue growth of at least 10%, with the compound annual growth rate (CAGR) based on year 2024 Target: Return on capital employed (ROCE) of at least 15% Financial targets to be reached by the end of strategy period 2025–2029, as communicated at CMD on November 13, 2024. Revenue growth target updated on September 24, 2026. 25
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Finland's announced and potential data center pipeline represents a very significant long-term investment opportunity Operational capacity as of 2025 368 MW Announced & planned new capacity until 2029 4.9 GW Fingrid connection agreements 5.0 GW Fingrid connection agreements, MW, 08/26 ~5,000 MW Excluding Google’s major €13bn announcement in 09/09/2026 Growth of Finnish datacenter capacity 1 MW, cumulative, 2025 – 2029E Expected additional capacity under planning and evaluation Expected additional capacity based on final investment decisions, partly under construction Existing capacity in 2025 As presented at Capital Markets Update on September 24, 2026 1 Source: EK Data dashboard – Green investments in Finland (as of September,16,2026), Potential of the Data Center Industry, FDCA 368 MW 368 MW 2,533 MW 2,361 MW 2025 2029 5,262 MW >10x 26
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Finland's data center pipeline supports an estimated €13-15bn of construction investments through 2029 As presented at Capital Markets Update on September 24, 2026 1 Addressable spend for the construction industry, YIT estimate 2 Includes direct jobs of the operation of the data center Based on Ramboll impact modelling. Projected Construction investment 1 Cumulative 2026-2029 €13-15bn Direct employment impact Construction phase ~25k construction FTEs p.a. Operations phase ~7k permanent FTEs p.a. 2 District heating Utilizes waste heat, reduces emissions, & supports local networks Municipal benefits Generates tax revenue, property tax base, and public services funding Regional / local impact 27
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YIT has already established a strong position in the data center market with ~30% market share 5% Competitor 9 6% Competitor 8 6% Competitor 7 7% Competitor 6 7% Competitor 5 7% Competitor 4 11% Competitor 3 11% Competitor 2 12% Competitor 1 28% ~1,000 MW Estimated current data center market share Capacity under construction by MW, YIT estimate 1,2 As presented at Capital Markets Update on September 24, 2026 1 Data centers currently under construction in Finland, YIT estimate 2 Capacity is not comparable to total announced campus capacity, which includes future development phases not yet under const ruction Core & shell contractor Full scope contractor YIT Competitor 9 YIT’s target state Growing capacity based on market demand YIT’s current capacity 6 simultaneous data center campus project teams YIT’s current operations 3 dedicated campus project teams YIT is building capacity for the next phase of growth 28
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Data centers offer strong growth in all scenarios, reaching €1.0bn revenue in the base case by 2029 YIT data center revenue scenarios 2029 Low case ~€0.7bn 2029 revenue Base case ~€1.0bn 2029 revenue High case ~€1.3bn 2029 revenue Expected power availability Expected investment activity Normal delivery conditions Faster than expected power availability Strong investment activity Capacity build-up Slower power & grid expansion Lower investment pace Delivery constraints 29
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Updated financial targets Growth ≥10% Net sales CAGR Operative performance ≥7% Adjusted EBIT margin Capital efficiency ≥15% ROCE Segment targets Residential Finland Residential CEE Building Construction Infrastructure Growth Increase market share ≥15% CAGR ≥6% CAGR previous target ≥4% ≥15% CAGR previous target ≥10% Adjusted EBIT margin ≥10% ≥15% ≥6% ≥6% Capital efficiency (ROCE) >20% >25% Negative capital employed Negative capital employed Previous target ≥5% 30
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31 Additional information YIT Investor Relations investorrelations@yit.fi x.com/YITInvestorsFollow YIT IR on Essi Nikitin VP, Investor Relations +358 50 581 1455 essi.nikitin@yit.fi YIT’s Financial Statements Bulletin 2026 will be published on Friday, February 5, 2027 Arttu Hakala-Ranta Investor Relations Manager +358 40 076 1775 arttu.hakala-ranta@yit.fi
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Appendices I. Key figures, segment reporting II. Key figures, IFRS III. Apartment sales 32
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I. Key figures, segment reporting EUR million 7–9/26 7–9/25 1–9/26 1–9/25 1–12/25 Revenue 530 466 1,400 1,313 1,803 Adjusted operating profit 30 24 60 52 58 Adjusted operating profit margin, % 5.7 5.1 4.3 3.9 3.2 Operating profit 9 25 4 50 54 Result for the period -6 2 -51 -5 -17 Earnings per share, EUR -0.03 0.00 -0.25 -0.05 -0.11 Return on capital employed, % (ROCE, rolling 12 months) 6.7 5.7 6.7 5.7 5.7 Combined lost time injury frequency (cLTIF, rolling 12 months) 7.8 9.6 7.8 9.6 9.6 Customer satisfaction rate (NPS) 55 56 55 56 61 Average number of employees, Group 3,992 4,076 4,052 33 33
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II. Key figures, IFRS EUR million 7–9/26 7–9/25 1–9/26 1–9/25 1–12/25 Revenue 533 402 1,333 1,200 1,757 Operating profit 12 9 -13 22 45 Result for the period -4 -10 -65 -28 -24 Earnings per share, EUR -0.03 -0.05 -0.31 -0.14 -0.14 Operating cash flow after investments 19 0 26 -38 73 Net interest-bearing debt 604 669 604 669 560 Gearing ratio, % 90 85 90 85 71 Equity ratio, % 34 37 34 37 38 Order book 3,448 2,929 3,448 2,929 2,915 34
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III. Sold apartment units, Residential Finland 118 122 135 154 126 174 108 133 152 97 131 90 116 206 134 100 195 275 105 324 256 235 154 321 449 108 238 152 97 131 90 116 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Consumer apartments Investor apartments Apartment sales 245 276 347 282 424 555 580 389 472 575 429 511 406 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Sold apartment units, Residential CEE 35 Residential CEE apartment figures represent all projects in the segment, including in YIT's partly owned project development joint ventures and associated companies. 35
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