YIT CORPORATION

Investor Relations in YIT as part of Group strategy management

Petra ThorénVice President, Investor Relations

May 29, 2007

YIT CORPORATION

Contents

• YIT Group • IR development• IR in YIT

– Cases

YIT CORPORATION

YIT service portfolioBuilding Systems

ConstructionServices

All technical building systems

Housing and area development

Investments in industrial projects

Facility management andexpert services

Office premises andproject development

Maintenance of industrial facilities and processes

Industrial andNetwork Services

Technical maintenance and repair works

Civil engineeringNetworks, connections and

help desk services

Revenue 2006 MEUR 1,415Revenue 1-3/2007 MEUR 368Personnel 3/2007 11,569

Revenue 2006 MEUR 1,452Revenue 1-3/2007 MEUR 369Personnel 3/2007 5,734

Revenue 2006 MEUR 477Revenue 1-3/2007 MEUR 111Personnel 3/2007 4,787

YIT CORPORATION

3033.4

2780.1

3023.8

768.8 833.5

3284.4

1235.4

1623.1

545.6660.0

876.3 941.4

1167.71222.1

1763.0

2389.7

0

500

1,000

1,500

2,000

2,500

3,000

3,500

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

Revenue 1994 - Q1/2007MEUR

Average annual growth 1994-2006: 17%

FAS 1994 - 2004

Strategic target level: growth 10% per year on average

IFRS 2004

IFRS 2005

IFRS 2006

IFRS Q1/06

IFRS Q1/07

YIT CORPORATION

135.1

157.4

227.7

258.8

53.761.2

89.799.7

16.5 19.0

42.254.0 54.5

62.3

89.898.6

0

50

100

150

200

250

300

Operating profit (EBIT) 1994 - Q1/2007

FAS 1994 - 2004

Average annual growth1994-2006: 24%

MEUR

Strategic target level: EBIT margin 9% of revenue

IFRS 2004

IFRS 2005

IFRS 2006

IFRS Q1/06

IFRS Q1/07

YIT CORPORATION

Dividend payout 1995-2006

The doubling amount of shares wich came into effect on March 24, 2006 (split) has been taken into account. Year 2004 and 2005 are IFRS numbers.

Dividend/share, EUR Dividend/earnings, %

YIT´s dividend policy: 40–60% of the annual profit after taxes and minority interests

0.02

0.23

0.35

0.30

0.220.19

0.150.11

0.090.07

0,65

0.55

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.701

99

5

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

43.0

60.4

73.2

28.8

47,8

43.239.5 39.7

37.7

27.4

43.7

0

10

20

30

40

50

60

70

80

19

96

19

98

20

00

20

02

20

04

20

06

200

5

199

7

199

9

200

1

200

3

YIT CORPORATION

Strong market position within YIT’s business segments and market areas

In Russia the biggest foreign player within Residential Construction

In the Nordic countries the biggest Building Systems services provider

In Finland the biggest services provider in all Business Segments

In the Baltic countries among top market leaders within Construction Services

YIT CORPORATION

Development of capital markets

In Finland restrictions on foreign ownership were abolished in 1993

Change from bank-centered model to a market-based model focus on shareholder value

Increased need of information in order to attract foreign capital

Regulation and governance Transparency

YIT CORPORATION

Corporate Governance

External Corporate Governance

Markets “Market for corporate control” Mergers & acquisitions, public offer

Debtors Owners Securities Market Act, Finnish Companies Act

InternalCorporate Governance

Board of directors Management Incentive systems and share ownership Organisation and reporting

YIT CORPORATION

Development of capital markets

More pressure for top management to put time on IR on top of business strategy

Role of IR and IR employees has changed essentially towards professionalism and standard job task within corporations

Role of IR still differs between companies

YIT CORPORATION

YIT´s IR policy

The aim of YIT´s Investor Relations is to communicate all the essential information of YIT to all the market parties, and to do so continuously, consistently and equitably, so that the value of YIT´s share reflects its fair value

Maintain openness and transparency

Honesty and credibility; we do what we say

Service-minded attitude in all Investor Relations

YIT CORPORATION

IR in YIT

Part of Group strategy management

Management priority and availability

Systematic approach to managing IR

YIT CORPORATION

Good internal co-operation

Communi-cations

Finance and accounting

InvestorRelations

Business segments

Corporate planning

CEO,EVP

InformationCapital markets

Link between company and capital markets

YIT CORPORATION

IR-team

CEO, Executive Vice President, Investor Relations

Communications Management

Business Management

Other Management

YIT CORPORATION

Big strategic IR-events

Acquisitions

New management and strategic target levels

Russia

IFRS

YIT CORPORATION

0

100

200

300

400

500

600

700

800

900

YIT 670 %

OMXHCAP 105 %

Case ABB-acquisitionValuation

ABB Building Systems

acquisition 4 July, 2003

YIT CORPORATION

Case ABB-acquisitionInvestment story and IR

• Pricing

• Fit to YIT strategy

• YIT valuation and positioning closer to that of “service company”

• Well prepared and communicated to the market• Day of release • Follow-up

• 1.integration 2.profitability 3. growth

• Credibility

YIT CORPORATION

1) Includes a loss provision of EUR 4 million due to an electrification project on two ships for the Royal Danish Navy (non-recurring item) in Q3/2004.

2) Building Systems released provisions for certain ended contractual obligations in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.

Building SystemsStill following ABB acquisition

Operating profit, MEUR Operating profit margin,%

1.4

2.22.7

3.8

2.62.6

4.14.1

5.2

4.13.6

5.7

6.3

8.6

6.2

5.1

0

2

4

6

8

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

813

21

12

35

19

87.6

56.8

34.1

7 9

14 1420

21

5

0

10

20

30

40

50

60

70

80

90

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2004 2005 2006 1-12 1-12 1-12

2004 2005 20061-12 1-12 1-12

2007 2007

2)

2)

1)

1)

YIT CORPORATION

YIT’s strategic target levels

• Average annual growth in revenue 10%

• Operating profit margin (EBIT) 9%

• Return on investment 22%

• Equity ratio 35%

• Dividend payout 40–60% of net profit for the year after taxes and minority interests

YIT CORPORATION

Potential expansion 2007-

Current business locations

Project development in St. Petersburg• For EPI Russia fund an office building and a logistics centre • For Atria a production plant and a logistics centre

Entering new big and satellite cities (apartments)• Kazan 5/2006 (over 1,000) • Jekaterinburg 10/2006 (ab. 300)• Moscow City 10/2006 (ab. 150)• Jaroslavl 10/2006 (ab. 160)

Strengthening plot reserve in existing cities (apartments)• Novo-Orlovskij 10/2006, starting from 2008 (over 15,500)

Moscow (10.1)

Moscow Oblast (6.5)

Tver (0.4)

Yaroslavl (0.6)

Ivanovo (0.4)

Vladimir (0.3)

Ryazan (0.5)Kaluga (0.3)

Tula (0.5)

Vladimir Oblast (1.5)

Ryazan Oblast (1.1)

Tula Oblast (1.6)

Kaluga Oblast (1.0)

Tver Oblast (1.4)

Yaroslavl Oblast (1.3)

Ivanovo Oblast (1.1)

Average annual growth target in Russia 50% 2006-2009

YIT CORPORATION

Total Dec/2005 MEUR 899

Total Dec/2006 MEUR 1,207

Dec/2005 Dec/2006

Invested capital= balance sheet total - non interest-bearing liabilities

YIT Group invested capital

Other YIT Group 89%MEUR 799

Russia 11%MEUR 100

Russia 23%MEUR 279

Other YIT Group 77%MEUR 928

Russia 26%MEUR 314

Other YIT Group 74%MEUR 898

Total Mar/2007 MEUR 1,212

Mar/2007

YIT CORPORATION

Business insightCapital Markets Days

• 2003 St Petersburg

• 2004 Oslo, Building Systems Day• ABB acquisition and new management

• 2005 Lithuania• New management and revised strategic target levels

• 2006 Moscow• Russia 50% growth target

YIT CORPORATION

IFRS

• Big accounting changes• Balance sheet, gearing, profit margin

• Pre-IFRS date communications to the market about major changes

• Internal working group 6 months (accounting, IR, communications)

• Stock exchange bullet, analyst and investor event

No surprises!

YIT CORPORATION

Principal shareholders April 30, 2007

Total number of shareholders 13,474.Share capital EUR 146,688,843.82

Owners Shares %

1 Suomi Mutual Life Assurance Company 8,571,180 6.762 Varma Mutual Pension Ins. Company 6,600,208 5.203 Sampo Life Insurance Company Ltd 6,400,000 5.054 Ilmarinen Mutual Pension Ins. Company 3,632,923 2.865 Tapiola Group 2,190,680 1.736 Etera Mutual Pension Ins. Company 1,874,400 1.487 Odin Norden 1,449,766 1.148 Brotherus Ilkka 1,224,740 0.979 State Pension Fund 1,150,000 0.9110 OP-Delta Equity Fund 876,470 0.69

Others 32,149,788 25.33

Nominee registered shares total 60,732,105 47.88

Total 126,852,260 100.00

YIT CORPORATION

0

5

10

15

20

25

30

35

40

45

50

1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3

%

2002 2003 2004 2005 2006 2007

4/2007:50.4%

International ownership

YIT CORPORATION

Trading and volatility

146

97

75

50

34

16

0

20

40

60

80

100

120

140

20042001 2002 2003 2005

Trading as percentage of share capital%

Volatility sep 2003 28 % (3,5 years)Volatility jan 2006 24 % (3,5 years)

2006

YIT CORPORATION

YIT Corporation was formed on September 2, 1987. YIT’s share has been quoted on Helsinki Exchanges since September 4, 1995.

5191,4211,4901,716

3,3683,5103,3223,0932,969

4,928

13,47414,364

9,368

501742772708719722

3,271

7,456

01,0002,0003,0004,0005,0006,0007,0008,0009,000

10,00011,00012,00013,00014,00015,00016,000

Number of shareholders

YIT CORPORATION

More information on our web site

www.yitgroup.com

Thank you for your attention