Yit Oyj Capital Markets Day Transcript - Thomson StreetEvents

Yit Oyj Capital Markets Day Transcript

Yit Oyj Capital Markets Day Transcript - Thomson StreetEvents
Yit Oyj Capital Markets Day Transcript
Published Nov 23, 2021
31 pages (22091 words) — Published Nov 23, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of YIT.HE corporate analyst meeting

  
Brief Excerpt:

...Good afternoon, and welcome to YIT Capital Markets Day 2021. Today is special. First of all, it is special as we are hosting a live audience after a very long time. This is wonderful as we have lots of new members in our management team who are eager to meet all of you in person. Secondly, today's special, I have just heard that we have a huge audience following our event online. And I would like to warmly welcome all of you also listening to us over the web. Thirdly, today is special as we will be introducing YIT's new strategy. At YIT, we want to deliver predictable market-leading results. We will be driving growth in our housing segment and unlock significant productivity improvements across our businesses. We also want to be the industry forerunner in sustainability and we are taking decisive steps in ESG more decisive than ever before. So how are we going to do this? This question will be answered today by our CEO, Markku Moilanen and his management team. But before we get started,...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Yit Oyj
Ticker
YIT.HE
Time
11:00am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : Svante Krokfors, Nordea. A couple of questions. First one, regarding your targets, you have an EBIT target on group level and divisional level growth target for the housing segment. What should we expect from Business Premises and Infra top line going forward, should we expect a shrinking one or...

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then regarding -- you mentioned that Business Premises and Infra should be cash cows for supporting housing. How does that fit into, I mean, the business leaders for Infra and Business Premises, how do they feel about being cash cows? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 23, 2021 / 11:00AM, YIT.HE - Yit Oyj Capital Markets Day

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then regarding the co-ownerships in future projects. I think you mentioned that it's EUR 10 million to EUR 30 million equity stakes. That's quite small compared to what you have, for example, in Mall of Tripla. And does that mean that you will not participate as a significant owner in the larger project that you have in the pipeline?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And the last one from me is regarding your profit guidance for '21 that you specified today. Could you elaborate a bit on the EUR 50 million additional margin write-downs that you make. This is purely for Q4 and is this sort of a kitchen sinking operation now?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : Svante Krokfors, Nordea. Perhaps a question regarding your plot reserve. What kind of quality do you see in that? I mean you have -- you said that you have 44,000 apartments, you could build on that, and that probably gives a top line of EUR 5 billion to EUR 10 billion roughly estimated. Do you think you can use that entirely? Are you satisfied with the current plot reserves? Or do you see any risks there?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : Yes. Svante Krokfors, Nordea. I have actually questions to all divisions. If I start with Housing, could you, Antti, elaborate a bit on the difference in profitability between Finland and Central Eastern Europe? And also regarding the main differences in market dynamics between Finland and CEE when it comes to regulation and compliance and so on.

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : A bit about the operating and environment in CEE compared to Finland. I mean, what do you have to think of when it comes to, I mean, political risks or compliance issues?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then on the EUR 200 million that you will use for plots, will that be 2/3 in CEE and 1/3 in Finland, similar to the growth contribution?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then Business Premises and the question to Tuomas regarding, I think, part of your problem has been also a choice of partners when executing on the projects in Business Premises. And what have you learned from this? And could that also limit kind of your opportunities in what kind of projects you will participate in going forward?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then on Infrastructure and a question to Pasi-- could you repeat a bit what has been done wrong in selecting the approach? I mean, is it only project selection or is it something about contractual things that have been done wrong, thinking of going forward and what you have learned?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And could you perhaps repeat also what will you continue to do in Infrastructure? And what segments will you not continue with? I guess, tram issue is definitely something.

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then a couple of questions to you Ilkka, given that you have now clearly defined Mall of Tripla as a noncore asset, how do you look at the investor market especially on the shopping center side? What you expect about yields, rents going forward? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 23, 2021 / 11:00AM, YIT.HE - Yit Oyj Capital Markets Day

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : Thanks. And then a question to Markku regarding the EBIT target of 6% on group level. Does that include property development expected kind of EUR 20 million EBIT contribution annually?

Table Of Contents

YIT Oyj Q2 2022 Pre-Silent Call Transcript – 2022-06-22 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 22-Jun-22 10:59am GMT

YIT Oyj Q1 2022 Earnings Call Transcript – 2022-04-29 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 29-Apr-22 7:00am GMT

YIT Oyj Silent Call Transcript – 2022-03-30 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 30-Mar-22 10:59am GMT

YIT Oyj Q4 2021 Earnings Call Transcript – 2022-02-04 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 4-Feb-22 8:00am GMT

YIT Oyj Silent Call Transcript – 2021-12-21 – US$ 54.00 – Edited Transcript of YIT.HE corporate analyst meeting</ 21-Dec-21 10:59am GMT

Yit Oyj Q3 2021 Earnings Call Transcript – 2021-10-29 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 29-Oct-21 7:00am GMT

Q3 2021 Yit Oyj Pre-Silent Call Transcript – 2021-09-28 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 28-Sep-21 10:59am GMT

Yit Oyj Q2 2021 Earnings Call Transcript – 2021-07-30 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 30-Jul-21 7:00am GMT

Yit Oyj Corporate Pre-Silent Call Transcript – 2021-06-22 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 22-Jun-21 10:59am GMT

Yit Oyj Q1 2021 Earnings Call Transcript – 2021-04-30 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 30-Apr-21 7:00am GMT

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Thomson StreetEvents. "Yit Oyj Capital Markets Day Transcript" Nov 23, 2021. Alacra Store. May 13, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Yit-Oyj-Capital-Markets-Day-T14981409>
  
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Thomson StreetEvents. (2021). Yit Oyj Capital Markets Day Transcript Nov 23, 2021. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Yit-Oyj-Capital-Markets-Day-T14981409>
  
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