Opportunities in the Russian Residential Construction Market Timo

Opportunities in the Russian Residential Construction Market Timo Lehmus YIT Construction Ltd April 11, 2005 Together we can do it. 11. 4. 2005 YIT Corporation

Opportunities in the Russian residential construction market 1. 2. 3. 4. 5. YIT in brief YIT Construction Ltd, International Operations Russian market and residential construction Russia in YIT´s strategy YIT´s success factors Together we can do it. 11. 4. 2005 YIT Corporation

YIT in brief Together we can do it. 11. 4. 2005 YIT Corporation

YIT’s corporate structure YIT Corporation Reino Hanhinen Corporate Management, Corporate Services, Corporate Communications Construction Services for Industry Ilpo Jalasjoki Raimo Poutiainen Building Systems Housing Piping and tanks Fixed networks Automation and security Business environments Maintenance Mobile networks Facility Management Infrastructure Building Systems Juhani Pitkäkoski Net sales 2004 MEUR 1, 332 Net sales 2004 MEUR 1, 427 Personnel Dec/2004 12, 194 Personnel Dec/2004 5, 102 Net sales 2004 MEUR 195 Personnel Dec/2004 2, 760 Data Network Services Hannu Leinonen Net sales 2004 MEUR 127 Personnel Dec/2004 1, 328 Together we can do it. 11. 4. 2005 YIT Corporation

Net sales by country 2004 Finland 60. 0% 1, 820. 7 MEUR Other countries 1. 2% 35. 9 MEUR Russia 3. 3% 101. 3 MEUR Baltic countries 5. 5% 166. 6 MEUR Other Nordic countries 30. 0% 908. 9 MEUR Total 3, 033. 4 MEUR, of which net sales outside Finland 1, 212. 7 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Strengthening the market position on strategic business areas In terms of net sales, YIT is the market leader in all of its segments in Finland. In Building Systems, YIT is the leading company in the Nordic countries. YIT’s strategy is to bolster its Construction Services in the Baltic countries and Russia and strengthen its Building Systems and Data Network Services in addition to these countries in all the Nordic countries. BUILDING SYSTEMS DATA NETWORK SERVICES CONSTRUCTION SERVICES BUILDING SYSTEMS • YIT Building Systems (Sweden) Net sales 1 -12/2004 MEUR 506, 5 Personnel 12/2004 4, 225 Local offices 159 • Baltic States - AS YIT Ehitus Tallinn - AB YIT Kausta, Kaunas - YIT Celtnieciba SIA, Riga • YIT Kiinteistötekniikka Oy (Finland) 1 Net sales 1 -12/2004 MEUR 429, 3 Personnel 12/2004 4, 326 Local offices 79 • Russia - ZAO YIT Lentek, St. Petersburg - ZAO YIT Ramenje, Moscow • YIT Building Systems AS (Norway) Net sales 1 -12/2004 MEUR 281, 2 Personnel 12/2004 2, 507 Local offices 63 - Net sales 1 -12/2004 about MEUR 260 - Personnel 1, 600 • YIT A/S (Denmark) Net sales 1 -12/2004 MEUR 116, 6 Personnel 12/2004 1, 136 Local offices 12 1 Includes the Baltic and Russian operations Together we can do it. 11. 4. 2005 YIT Corporation

YIT’s strategic target levels • Average annual growth in net sales 5– 10% • Return on investment 20% • Equity ratio 35% • Dividend payout 30– 50% of net profit for the year after taxes and minority interests Together we can do it. 11. 4. 2005 YIT Corporation

Major acquisitions and divestments YIT’s life-cycle service chain and geographical expansion Plot investment agreement in the City of Moscow YIT Ramenje (2004) Construction in Moscow Oblast YIT Ramenje (2003) Building systems maintenance and upkeep services YIT Building Systems (2003) Acquisitions Telecom network maintenance YIT Primatel (2002) Construction in Estonia AS FKSM (2001) Building systems maintenance and upkeep services Calor (2001) Surface-treatment business (2001) Testing business Huber Testing Oy (2000) Construction in Lithuania AB Kausta (1999) Property maintenance services YIT Rapido (1999) Jointing insulation business Makroflex (2003) Steel construction PPTH Teräs Oy (1999) Construction in St Petersburg and Russia ZAO Lentek (1997) Industrial maintenance YIT Service (1996) Divestments Building systems maintenance and upkeep services YIT Huber (1995) Together we can do it. 11. 4. 2005 YIT Corporation

YIT and HEX Portfolio indexed share price development 1. 1. 2004 - 6. 4. 2005 YIT 61% HEX Portfolio 21% Together we can do it. 11. 4. 2005 YIT Corporation

Market capitalization development MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Principal shareholders Mar. 31, 2005 No. 1. Sampo Life Insurance Company Ltd 5, 654, 560 2. Suomi Mutual Life Assur. Company 4, 285, 590 3. Varma-Sampo 3, 906, 604 4. Ilmarinen Mutual Pension Ins. Co 2, 057, 000 5. Tapiola Insurance Group 1, 865, 190 6. Security Trading Ltd 1, 359, 000 7. Pohjola Insurance Group 964, 465 8. Etera Mutual Pension Ins. Company 907, 200 9. Odin Förvaltning As 768, 800 10. Kaleva Mutual Insurance Company 738, 700 Nominee-registered 16, 587, 948 Other shareholders 22, 197, 797 Total 61, 292, 854 % 9. 23 6. 99 6. 37 3. 36 3. 04 2. 22 1. 57 1. 48 1. 25 1. 21 27. 06 36. 22 100. 00 Total number of shareholders 7, 720. Nominal value of the share EUR 1. 00 (registered on March 26, 2004, whereby the number of shares was doubled). Share capital EUR 61, 292, 854. Together we can do it. 11. 4. 2005 YIT Corporation

YIT Construction Ltd International Operations Together we can do it. 11. 4. 2005 YIT Corporation

Construction Services Breakdown of net sales 2004 International operations 18% 266. 8 MEUR Operations in Finland 82% 1, 160. 5 MEUR Total net sales 1, 427. 3 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

YIT Construction, International Operations Net sales 1998 – 2004, EUR million Together we can do it. 11. 4. 2005 YIT Corporation

Makroflex 30 M€ YIT Construction Ltd, International Operations Operating profit 1998 – 2004, EUR million 5, 9 Together we can do it. 11. 4. 2005 YIT Corporation

YIT Construction Ltd, International Operations Breakdown of net sales 2004 Russia 35 % (94, 3 M€) Others 5 % (14, 5 M€) Nordic countries 4 % (9, 9 M€) Estonia and Latvia 40 % (106, 0 M€) Lithuania 16 % (42 M€) Net sales 267 M€ Together we can do it. 11. 4. 2005 YIT Corporation

YIT Construction Ltd, International Operations Capital Employed 2004 St. Petersburg 32 % Moscow 13 % Others 3 % Water and environmental services 7 % Estonia and Latvia 25 % Lithuania 19 % Capital Employed 104, 9 EUR million Together we can do it. 11. 4. 2005 YIT Corporation

Russian market and residential construction Together we can do it. 11. 4. 2005 YIT Corporation

Growth in the Russian market Growth in Russia’s GDP Growth in construction 2000 – 2003 annual average 7% 2004 7. 1 % FORECAST 2005 2006 2007 6. 5 % 6% 6% 7. 5 % 10. 1 % 7% 7% 7% Statistics Finland, Budget committee Russia, VTT Together we can do it. 11. 4. 2005 YIT Corporation

Russia – a little big country Economy in 2004 (EUR billion) Russia Finland GDP 457 150 Exports 123 56 Imports 63 47 Construction 29 19 Statistics Finland Together we can do it. 11. 4. 2005 YIT Corporation

Foreign investments into Russia are slight for the time being Average annual direct investments since 2000/GDP • Russia 1% • China 4% • Estonia 8% Together we can do it. 11. 4. 2005 YIT Corporation

From Yeltsin-era chaos to order under Putin • Guided democracy • Centralization of decision-making • Greater control by large corporations • Young market economy, rapid growth and dynamic change • Social issues into the spotlight Together we can do it. 11. 4. 2005 YIT Corporation

Russian market economy develops • Legislation required by the market economy is complete for the most part - judicial system, taxation, customs system • Application of legislation does not always work • A world of constant changes - remaining legislative work, public administration reform • On the right track in problem areas (corruption, relationship between administration and companies, black market) Together we can do it. 11. 4. 2005 YIT Corporation

Construction in the Russian national economy (%) Finland EU Source: Euro. Build Russia Together we can do it. 11. 4. 2005 YIT Corporation

Value of Russian construction output in 2003 Total: EUR 190/inhabitant (Finland: 3. 700) Building construction 78% (79%) Civil engineering 22% (21%) Building renovation 23% (29%) Residential buildings 38% (21%) Civil engineering 22% (21%) Other buildings 17% (24%) Source: VTT Tacis research evaluation (VTT) Euro. Build Russia Together we can do it. 11. 4. 2005 YIT Corporation

Buildings completed in Russia, 2003 Non-residential buildings (new) Apartment houses (new) Other residential buildings (new) All of Russia Rest of Russia Moscow Region St. Petersburg and Leningrad Region Together we can do it. 11. 4. 2005 YIT Corporation

Annual housing construction in the Russian Federation (million sq. m) Federal State Statistics Service Together we can do it. 11. 4. 2005 YIT Corporation

Housing construction in Moscow, Moscow region and St. Petersburg (million sq. m) Together we can do it. 11. 4. 2005 YIT Corporation

Average bid price for residences in the cities of Russia 2002 -2003 USD/m 2 Moscow St. Petersburg Moscow Region Together we can do it. 11. 4. 2005 YIT Corporation

Growing need for residences in Russia • Structural factors • Growing population immigration into large cities • Lack of residences has led to cramped living conditions (In Russia: 20 m 2/person, 1. 2 persons/room; in Finland: 36 m 2/person, 0. 6 persons/room) • Old residences are in a poor technical condition • Repairs are difficult and expensive • Undeveloped financing system • Fluctuation factors • High price of oil supports economic growth • Economic boom increases household income • Population demands • Residences that are large enough (m 2/person) • Technically functional buildings • Modern quality level and amenities • Reliable builder/brand Together we can do it. 11. 4. 2005 YIT Corporation

Competition situation • Residential construction market has been dominated by large local construction companies. Competition has been quite centralized; that is, large companies are in a dominant position in the market, and the average project size is large. • Foreign players are entering the market. • YIT started residential construction in 2000 Together we can do it. 11. 4. 2005 YIT Corporation

Russia in YIT´s strategy Together we can do it. 11. 4. 2005 YIT Corporation

Russia in YIT’s strategy Focus areas Business segments • Construction - residential developer contracting - property development - building construction - industrial construction - infrastructure • Strong growth, focusing on residential construction • Building Systems - contracting - maintenance • Steady growth and strengthening position in Facility Management & Building Service • Services for Industry - negotiated contracts • Data Network Services • Steady growth • Market trends are monitored Together we can do it. 11. 4. 2005 YIT Corporation

Russia in YIT’s strategy Focus areas Market share objectives in residential construction Sales/no. St. Petersburg 2004 2007 Moscow region 2004 2007 2, 5% 10% 1. 5% 5% 450 2, 200 300 1, 900 Moscow 0% 0. 5% 350 2004 2007 Together we can do it. 11. 4. 2005 YIT Corporation

YIT’S BUSINESS OPERATIONS IN RUSSIA (M€) Building Systems + Industry Construction Residential Construction Personnel 800 Together we can do it. 11. 4. 2005 YIT Corporation

Construction Services YIT’s housing production in Russia and Baltic countries No. 2003 2004 Together we can do it. 11. 4. 2005 YIT Corporation

Construction Services Russia and Baltic Countries Russia: 144. 2 million inhabitants (2003) 17, 078, 000 km 2 PÄRNUTALLINN KAUNAS ST. PETERSBURG (4. 7) RIGA VILNIUS MOSCOW (10. 1) MOS. OBLAST (6. 5) NIZHNI-NOVGOROD (1. 3) KAZAN (1. 1) JEKATERINBURG (1. 3) SAMARA (1. 2) Current business locations Potential expansion 2007 -2015 Together we can do it. 11. 4. 2005 YIT Corporation

SHUVALOVO III OZERKI 9 (4, 5, 8) (800) 2006 -10 SHUVALOVO II (250) 2005 -07 RUSSIA / St. Petersburg KOLOMAKI 12 (1050) 2006 -08 OZERO DOLGOJE 56 (800) 2006 -09 SHUVALOVO I (326) 2002 -05 MARISA TOREZA 72 (285) 2006 -08) PRIMORSK I (440) 2006 -08 MARISA TOREZA 44 (425) 2005 -07 VASILI ISLAND I (350) 2004 -06 VASILI ISLAND II (485) 2005 -08 KAZANSKAJA 58 (40) 2003 -05 BUILT VVJD (1495) 2004 -06 UNDER CONSTRUCTION PLOT RESERVE TARGET AREAS URITSK (225) 2002 -04 Together we can do it. 11. 4. 2005 YIT Corporation

YIT Ramenje Moscow / Moscow Oblast DOLGOPRUDNYJ MD CENTRALNY, HOUSE 5 (236) 2004 -05 BALASHIHA MOSCOW HOUSE 8 (134) 2004 -05 HOUSE 12 (135) 2004 -05 KUNTSEVSKAJA 6 (60) 2005 -07 office ZHUKOVSKI MD 5, HOUSE 31 (140) 2004 -05 MD 5, HOUSE 32 (80) 2004 -05 MD 5, HOUSE 34 (80) 2004 -05 MD 5, HOUSE 36 (174) 2004 -06 MD 5 A, HOUSE 1 a (344) 2005 -06 UNDER CONSTRUCTION PLOT RESERVE RAMENSKOJE MD KHOLODOVO, HOUSE 15 (72) 2004 -05 TARGET AREAS KRASNOARMEJSKAJA, HOUSE 46 (107) 2004 -05 MD 10, PHASE 1 (160) 2004 -06 YIT RAMENJE´S - OFFICE Together we can do it. 11. 4. 2005 YIT Corporation

YIT´s success factors Together we can do it. 11. 4. 2005 YIT Corporation

Success factors in business operations General • Strong corporate culture • Sufficient operational volume • Strong local presence - good leadership - true • • partnership Knowledge of market, professional expertise Committed, service-minded, learning personnel Together we can do it. 11. 4. 2005 YIT Corporation

Success factors in business operations Residential business • Management of strategic plot/land acquisition • Strong product/service expertise • Design and production control • Creating and marketing a strong brand • (service/product) Financial products/services Together we can do it. 11. 4. 2005 YIT Corporation

More information on our site at www. yit. fi Timo Lehmus Senior Vice President International Operations YIT Construction Ltd tel. +358 20 433 2474 E-mail: timo. lehmus@yit. fi Esko Mäkelä Executive Vice President tel. +358 20 433 2258 E-mail: esko. makela@yit. fi Veikko Myllyperkiö Vice President, Corporate Communications tel. +358 20 433 2297 E-mail: veikko. myllyperkio@yit. fi Petra Thorén Manager, Investor Relations tel. +358 20 433 2635 mobile +358 40 764 5462 E-mail: petra. thoren@yit. fi Together we can do it. 11. 4. 2005 YIT Corporation

Appendix YIT Group Financial statements 2004 Together we can do it. 11. 4. 2005 YIT Corporation

Key events in 2004 • YIT´s net sales, profit before taxes and order backlog on all time high levels. • YIT´s operating profit on all time high levels each quarter in YIT´s history. • Building Systems has completed a successful integration process and has moved into running business operations on a normal level. The EBITA for the segment at the fourth quarter was 4, 0% of net sales. • Residential construction in Russia, Estonia, Latvia and Lithuania saw rapid growth. In Finland residential construction stabilised on a good level at the end of the year and the profit of Construction Services was on a good level. • The order backlog of Services for Industry doubled. • Data Network Services´cost efficiency and strong growth in broadband connections resulted in good profits. Together we can do it. 11. 4. 2005 YIT Corporation

Financial statements 2004 key figures • Net sales growth was 27% amounting to EUR 3, 033. 4 million (2, 389. 7). • The share of net sales accounted for by the Group’s international activities was 40% (28%). • The share of net sales accounted for by maintenance and service business increased to EUR 1, 010. 2 million (643. 5), representing 33% (27%) of total net sales. • EBITA amounted to EUR 165. 7 million (118. 7). Profit before taxes growth was 40% and amounted to EUR 118. 2 million (84. 4). • Return on investment was 19. 6% (16. 8%). • Order backlog growth was 8% and amounted to EUR 1, 604. 9 million (1, 490. 1). • Earnings per share growth was 67% and was EUR 1. 37 (0. 82). • The Board of Directors will propose to the Annual General Meeting that a dividend of EUR 0. 70 (0. 60) be paid per share, representing 51. 1 per cent of earnings per share. YIT is increasing its dividend for the tenth year in a row. Together we can do it. 11. 4. 2005 YIT Corporation

Consolidated income statement MEUR 2004 2003 Change Net sales 3, 033. 4 2, 389. 7 27% • Net sales outside Finland 1, 212. 7 672. 5 80% 203. 1 243. 1 -16% -2, 850. 6 -2, 253. 3 27% Depreciation and value adjustments -17. 1 -17. 7 -3% EBITA 165. 7 118. 7 40% • as percentage of net sales 5. 5% 5. 0% Amortization of goodwill and goodwill on consolidation -30. 6 -20. 1 52% Operating profit (EBIT) 135. 1 98. 6 37% • as percentage of net sales 4. 5% 4. 1% Financial income and expenses, net -16. 8 -14. 2 18% Profit before extraordinary items 118. 2 84. 4 40% Extraordinary income 0 0 Extraordinary expenses 0 0 118. 2 84. 4 40% 84. 0 48. 4 74% • Sale of shares in own production Operating income and expenses Profit before taxes Profit for the report period Together we can do it. 11. 4. 2005 YIT Corporation

Consolidated Balance Sheet MEUR Dec/2004 Dec/2003 Change 152. 1 168. 9 -10% • Other intangible assets 12. 3 11. 8 4% Goodwill on consolidation 72. 1 78. 0 -8% Tangible assets 68. 4 66. 8 2% 6. 8 7. 9 -14% Inventories 421. 6 380. 8 11% Receivables 822. 1 781. 0 5% 0. 7 11. 9 -94% 34. 2 48. 4 -29% 1, 590. 3 1, 555. 5 2% ASSETS Intangible assets • Goodwill Investments Marketable securities Cash and cash equivalents Total assets Together we can do it. 11. 4. 2005 YIT Corporation

Consolidated Balance Sheet MEUR Dec/2004 Dec/2003 Change 61. 3 61. 0 - 395. 9 347. 3 14% 3. 6 3. 4 6% 26. 0 27. 3 -5% Interest-bearing debt 261. 5 264. 7 -1% Non interest-bearing debt 842. 0 851. 8 -1% 1, 590. 3 1, 555. 5 2% LIABILITIES Share capital Other shareholders’ equity Minority interests Provisions Total liabilities Together we can do it. 11. 4. 2005 YIT Corporation

Net sales by business segment MEUR 2004 2003 Change Building Systems 1, 331. 5 681. 01) 96% Construction Services 1, 427. 3 1, 398. 5 2% Services for Industry 195. 1 209. 71) -7% Data Network Services 127. 0 130. 0 -2% Other items -47. 5 -29. 5 61% 3, 033. 4 2, 389. 7 27% YIT Group total 1) The figures for 2003 are pro forma calculations. The acquired Building Systems business operations had net sales of EUR 335. 1 million during the period from August 29 to December 31, 2003. Together we can do it. 11. 4. 2005 YIT Corporation

Net sales by quarter MEUR 1) 1) The figure for the fourth quarter 2003 includes the net sales of the acquired Building Systems operations over a four-month period (from August 29 to December 31, 2003). Together we can do it. 11. 4. 2005 YIT Corporation

EBITA and EBIT by business segment 2004 MEUR Building Systems Construction Services for Industry Data Network Services Other items EBITA total MEUR 165. 7 EBIT total MEUR 135. 1 Together we can do it. 11. 4. 2005 YIT Corporation

Building Systems EBITA 2004 MEUR (4. 0%) 1) (3. 4%) (2. 3%) (1. 5%) Q 1/2004 Q 3/2004 Q 2/2004 Q 4/2004 EBITA total 33. 6 MEUR (2. 5%) EBITA excluding non-recurring items total 37. 6 MEUR (2. 8%) 1) Does not include a loss provision of EUR 4 million due to an electrification project on two ships for the Royal Danish Navy. Together we can do it. 11. 4. 2005 YIT Corporation

Operating profit (EBIT) by quarter MEUR 2) 3) 1) 1) 2) 3) Operating profit was reduced by the sum of EUR 5. 7 million recorded as a loss by YIT on the basis of a ruling by the Helsinki District Court. YIT has appealed the decision. Includes about EUR 30 million in capital gains from the sale of Makroflex. Operating profit of Building Systems business segment is burdened by EUR 5. 8 million integration costs and EUR 11. 5 million downscaling expenses of the acquired Building Systems operations in Sweden. Together we can do it. 11. 4. 2005 YIT Corporation

Operating profit before amortization of goodwill and goodwill on consolidation (EBITA) by business segment MEUR 2004 2003 Building Systems 33. 6 -7. 1 111. 6 Change 1) - 111. 1 2) - 6. 8 9. 7 1) -30% Data Network Services 19. 7 14. 0 41% Other items -6. 0 -9. 0 -33% 165. 7 118. 7 40% Construction Services for Industry YIT Group total 1) The figures for 2003 are pro forma calculations. Operating profit of Building Systems business segment is burdened by EUR 5. 8 million integration costs and EUR 11. 5 million downscaling expenses of the acquired Building Systems operations in Sweden. 2) Operating profit includes EUR 24. 3 million non-recurring items. Operating profit of International Operations includes about EUR 30 million in capital gains from the sale of Makroflex. Operating profit of YIT Business Premises was reduced by the sum of EUR 5. 7 million recorded as a loss by YIT on the basis of a ruling by the Helsinki District Court. YIT has appealed the decision. Together we can do it. 11. 4. 2005 YIT Corporation

Gearing ratio and cash flow 1999 -2004 Operating cash flow before taxes *, MEUR Gearing ratio, % 1) 2) 1) Cash flow before EUR 169. 2 million transaction price of Building Systems acquisition paid on August 29, 2003 and EUR 30 million capital gains from the sale of Makroflex. 2) YIT paid EUR 22 million as additional transaction price of Building Systems acquisition in January 2004. *Operating cash flow before taxes = Cash flow from operations before financial items and taxes + cash flow from investing activities Together we can do it. 11. 4. 2005 YIT Corporation

Key figures 2004 2003 Return on investment 19. 6%) 16. 8% Equity ratio 31. 1% 28. 3% 226. 3 204. 4 49. 2% 49. 6% Earnings/share, EUR 1. 37 0. 821) 67% Equity/share, EUR 7. 46 6. 691) 12% Average share price, EUR 15. 92 10. 351) 54% Share price at end of period, EUR 18. 36 13. 451) 37% Gross capital expenditures, MEUR 31. 0 232. 9 -87% Order backlog, MEUR 1, 604. 9 1, 490. 1 8% Average personnel 21, 884 16, 212 35% Net interest-bearing debt, MEUR Gearing ratio 1) Change 11% The number of YIT’s shares was doubled on March 26, 2004 when the nominal value of the share was changed from two euros to one euro (split). The figures for the comparison periods have been converted to correspond with the doubled number of shares. Together we can do it. 11. 4. 2005 YIT Corporation

Building Systems Breakdown of net sales 2004 YIT Sverige AB Sweden 38% 506. 5 MEUR YIT A/S Denmark 9% 116. 6 MEUR YIT Building Systems AS Norway 21% 281. 2 MEUR YIT Kiinteistötekniikka Oy Finland 1) 32% 429. 3 MEUR Total net sales 1, 331. 5 MEUR 1) Includes the Russian and Baltic operations. Together we can do it. 11. 4. 2005 YIT Corporation

Construction Services Breakdown of net sales 2004 International operations 18% 266. 8 MEUR Operations in Finland 82% 1, 160. 5 MEUR Total net sales 1, 427. 3 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Services for Industry Breakdown of net sales 2004 Investments 31% 59. 7 MEUR Maintenance and upkeep services 69% 135. 4 MEUR Total net sales 195. 1 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Data Network Services Breakdown of net sales 2004 Maintenance, repairs and subscriber deliveries 70% 88. 9 MEUR Project operations 30% 38. 1 MEUR Total net sales 127. 0 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Operating profit (EBIT) 1995– 2004 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Order backlog by business segment MEUR 2004 2003 Change Building Systems 557. 8 502. 31) 11% Construction Services 847. 9 817. 7 4% Services for Industry 116. 5 67. 21) 73% 82. 7 102. 9 -20% 1, 604. 9 1, 490. 1 8% Data Network Services YIT Group total 1) The figures for 2003 are pro forma calculations. Together we can do it. 11. 4. 2005 YIT Corporation

Order backlog at end of period MEUR 1, 604. 9 1, 490. 1 938. 8 735. 8 574. 7 332. 8 346. 1 411. 7 477. 5 479. 1 319. 7 Together we can do it. 11. 4. 2005 YIT Corporation

Order backlog by business segment December 31, 2004 Building Systems 35% 557. 8 MEUR Data Network Services 5% 82. 7 MEUR Services for Industry 7% 116. 5 MEUR Construction Services 53% 847. 9 MEUR Total order backlog 1, 604. 9 MEUR, of which order backlog outside Finland 621. 0 MEUR Together we can do it. 11. 4. 2005 YIT Corporation

Order backlog by quarter 2000– 2004, MEUR at the end of period Together we can do it. 11. 4. 2005 YIT Corporation

Personnel by business segment December 31, 2004 Building Systems 56% 12, 194 Corporate services 1% 296 Data Network Services 6% 1, 328 Services for Industry 13% 2, 760 Construction Services 24% 5, 102 Total 21, 680 Together we can do it. 11. 4. 2005 YIT Corporation

Personnel by country December 31, 2004 Finland 53% 11, 540 Russia 5% 1, 110 Baltic countries 5% 1, 151 Denmark 5% 1, 136 Norway 12% 2, 507 Sweden 20% 4, 236 Total 21, 680 Together we can do it. 11. 4. 2005 YIT Corporation