SRV Yhtiöt (SRV1V) Investor Update summary

Updated long-term financial objectives

• Targets of at least EUR 50 million operative operating profit and revenue over EUR 900 million are now set for 2029-2030, delayed from 2027 due to prolonged weak market conditions.

• Dividend policy remains to distribute 30-50% of annual profit, considering outlook and capital needs.

Market environment and project portfolio

• Nearly three years of low consumer and investor demand have delayed strategic portfolio shifts.

• Project portfolio is heavily weighted toward contracting, especially public-sector business premises.

• Contracting order backlog stands at EUR 930 million, with an additional EUR 1.1 billion in projects secured but not yet in backlog.

Strategic focus and growth initiatives

• Profitable growth is sought by increasing the share of business premises and residential construction based on in-house project development as market conditions improve.

• Project development pipeline has grown by about 50% in two years, now totaling around one million square meters.

• Aims to increase development and developer-contracted projects and residential projects to 30-40% of revenue each.

• Recent sale of SRV Infra Oy has strengthened the balance sheet, supporting future land acquisitions and project financing.