CRAMO PLC ANNUAL GENERAL MEETING 1 April 2014 Vesa Koivula - PowerPoint PPT Presentation

CRAMO PLC ANNUAL GENERAL MEETING 1 April 2014 Vesa Koivula President and CEO

Summary of the abstentions and opposing votes given by the holders of nominee registered shares represented by Nordea Bank Finland Plc, Skandinaviska Enskilda Banken AB (publ) and Svenska Handelsbanken Nordea SEB Handelsbanken Item Topic Abstain Against Abstain Against Abstain Against Total 7 Adoption of the annual accounts - - 47,261 - - - 47,261 8 Resolution on the use of the profit shown - - - - - - 0 on the balance sheet and the payment of dividend 9 Resolution on the discharge of the - - 47,261 - - - 47,261 members of the board and the CEO from liability 10 Resolution on the remuneration of the - - - - - - 0 members of the board and reimbursement of travel expenses 11 Resolution on the number of members of - 38,805 - - - - 38,805 the board 12 Election of the members of the board 47,241 2,072,203 339,089 227,066 - - 2,685,599 13 Resolution on the remuneration of auditors - - - - - - 0 14 Resolution on the number of the auditors - - - - - - 0 15 Election of auditor - - - 2,334 - - 2,344 16 Authorization of the board to decide on the - 38,805 - 78,800 - - 117,605 acquisition and/or on the acceptance as pledge of the Company's own shares 17 Authorization of the board to decide on the - 1,397,063 - 78,800 - - 1,475,863 transfer of the Company's own shares 18 Authorization of the board to decide on - 1,358,258 - 78,800 - - 1,437,058 share issue as well as option rights and other special rights entitling to shares 19 Donations for charitable purposes - - - - - - 0 2

Cramo’s year 2013 Finland • Operational excellence Norway Russia Sweden Estonia • Improving profitability Denmark Latvia Lithuania Kalinin- grad Belarus • Strong cash flow Poland Germany Czech Republic Ukraine Slovakia Switzerland Moldova Austria Hungary Slovenia Romania Croatia Bosnia and Serbia Bulgaria Herzegovina Number of depots Macedonia 12/2013: 357 Albania 3

Cramo sales development 2005-13 International growth (CAGR 2005-11: 43.8%) Operational excellence € 688 m € 680 m € 657 m € 580 m € 496 m € 492 m € 447 m € 402 m Sales (€ m) € 77 m 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 4

Cramo EBITA development 2005-13 International growth Operational excellence € 102 m € 96 m € 80 m € 78 m € 73 m € 71 m EBITA (€ m) € 34 m € 17 m € 18 m 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 5

Earnings and Dividend per share 2,00 1,69 1,43 1,50 1,00 0,93 1,00 * 0,60 0,60 0,59 0,42 0,50 0,30 EPS/DPS (EUR) 0,18 0,09 0,00 0,00 -0,06 -0,50 -1,00 -1,16 -1,50 2007 2008 2009 2010 2011 2012 2013 Earnings per share (EPS, diluted) Dividend per share (DPS) *Board proposal for year 2013 dividend 6

Sales and EBITA by business segment Sales 2013/2012 EUR million Sales 2013 (2012), % 2013 2012 Change% Finland 102,6 112,7 -9,0% Eastern Finland Europe Sweden 316,7 322,4 -1,8% Central 15,4% 7,9% Europe (16,2%) Norway 90,9 84,2 8,0% (10,1%) 11,2% Denmark 28,5 37,7 -24,3% (9,6%) Central Europe 74,7 67,0 11,5% Denmark 4,3% Eastern Europe 52,8 70,3 -24,8% (5,4%) EBITA 2013/2012, EUR m / % Norway EBITA EBITA-% 13,6% 2013 2012 2013 2012 (12,1%) Finland 19,3 21,0 18,8% 18,6% Sweden Sweden 55,3 57,6 17,5% 17,9% 47,5% Norway 6,6 5,3 7,3% 6,3% (46,4%) Denmark 0,0 -5,0 0,1% -13,3% Central Europe -1,1 -0,2 -1,4% -0,4% Eastern Europe 8,2 6,7 15,5% 9,6% 7

Sales by product and customer segment Sales by product area 2013 (2012) Sales by customer segment 2013 (2012) 4 % 2 % Construction Tools 3 % 14 % Other Industry Constr. equipment 15 % 31 % Access equipment 12 % Public sector 55 % Modular space Households 24 % Site huts 23 % 17 % Other Other Modular space by industry segment 2013 Cramo is the biggest player in Nordic modular space � 5 % Public sector Modular space accounted for 12.3% of Group sales in 2013 � 37 % Non-construction modular space provides stability: Other industry � 58 % ― longer contract length, higher utilisations and better margins than in construction rental services on Construction average 8

Excellent cash flow 80 60 40 66,3 58,2 Quarterly cash flow (EUR m) 37,7 34,4 20 0 -20 Formation of Fortrent and outsourcing cases in Norway -40 Acquisition of Theisen Group -60 Acquisition of Tidermans in Sweden and Stavdal in Norway -80 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Cash flow from operations Cash flow after investments 9

Stable capital structure 600 160% 149,3 % 140% 500 Net interest-bearing debt, EUR million 113,4 % 120% 109,4 % 103,4 % 400 100% Gearing 78,7 % 72,9 % 300 80% 65,1 % 477 60% 200 390 384 383 365 365 347 40% 100 20% 0 0% 2007 2008 2009 2010 2011 2012 2013 Net interest-bearing debt Gearing 10

Group strategy 11

Financial target realisation in 2013 Profit Profitability Debt leverage Sales Return on equity distribution EBITA-% > 15 % of Profit distribution Gearing maximum Sales growth faster ROE > 12 % over a sales over a business policy: stability, with 100 % than the market business cycle cycle appr. 40 % of EPS 1,01 8,3 % 0,94 38,2 % 7,5 % 5,4 % 0,60 * 0,60 0,00 0,09 0,30 0,42 113,4 % 10,2 % 1,3 % 103,4 % -0,06 -0,6 % 12,2 % ? 11,3 % 10,5 % 78,7 % 72,9 % -12,1 % -1,18 65,1 % -4,5 % -23,0 % 7,0 % 3,9 % EPS DPS 09 10 11 12 13 09 10 11 12 13 09 10 11 12 13 09 10 11 12 13 09 10 11 12 13 Group Financial Target level * Board proposal 12

Construction growth estimates 2013-15 Construction output, % change 2013E 2014F 2015F -2,7% 0,5% Finland 1,6% (-3,0%) (-1,0%) -0,4% 1,6% 2,9% Sweden (0,0%) (+5,0%) (+2,0%) Norway 3,7% 3,6% 3,7% 2,4% 3,3% 4,2% Denmark (-4,5%) (3,2%) (0,0%) Baltic Countries 2,0% -1,0% 0,0% Poland -8,9% 3,5% 4,4% Czech Republic -8,2% -4,2% -0,9% Slovakia -7,8% -0,8% 1,8% Russia -1,0% 2,0% 5,0% Germany 0,3% 2,7% 1,2% Austria 0,5% 1,2% 1,3% Sources: Euroconstruct, November 2013 and VTT, December 2013 Country-specific data in brackets includes: Finland - Rakennusteollisuus RT (February 2014); Sweden - Sveriges Byggindustrier (February 2014); Denmark - Dansk Byggeri (February 2014) 13

Cramo’s share price development 03/2009 – 03/2014 EUR 10 15 20 25 0 5 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Closing price Jun-11 14 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14

Cramo share: High free float ensures good liquidity Monthly share turnover (EURm) 10 largest shareholders (31 Dec 2013) # Shareholder Shares % Share turnover (lhs)* Foreign ownership (rhs)** 1 Hartwall Capital Oy Ab 4 491 702 10,48 2 Rakennusmestarien Säätiö 2 129 422 4,97 120 45% Private placement of 4 645 479 3 Nordea Nordenfund 1 251 507 2,92 shares (10.9%). 40% 4 Varma Mutual Pension Insurance Company 968 387 2,26 100 5 Odin Finland 825 518 1,93 35% 6 Fondita Nordic Micro Cap 775 000 1,81 7 Investment fund Aktia Capital 600 000 1,40 80 30% EUR million 8 OP-Focus Non-UCITS Fund 477 744 1,12 Q4/2013 25% 9 OP-Delta Fund 468 605 1,09 60 10 OP-Finland Value Fund 451 741 1,05 20% Ten largest owners, total 12 439 626 29,03 Nominee registered 15 537 301 36,26 40 15% Others 14 867 406 34,70 10% Total 42 844 333 100,00 Q4/2012 20 5% � Free float ~ 85% 0 0% � Foreign ownership up 19 %-points in 2013 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 � Top management holds 201 545 Cramo shares *Source: ThomsonReuters (venues: Helsinki, Chi-X Europe, Stockholm, BATS, Turquoise, BATS, CHI-X OTC, BOAT, LES, POSIT, UBS MTF, Instinet BlockMatch, SIGMA X MTF, Burgundy) **Source: Euroclear (month-end). 15

Future prospects The economies in the Eurozone are estimated to take an upward turn in 2014. Growth is expected particularly in the second half of the year Market-specific differences in construction and the demand for rental are still considerable in Europe In the long term, the equipment rental market is expected to grow faster than the construction market. Changes in demand usually follow those in construction with a delay and may be strong The European Rental Association (ERA) is expecting equipment rental to grow in all of Cramo’s main market areas in 2014 Guidance for 2014: “In 2014, Cramo Group’s EBITA margin will continue to improve compared to 2013. Cramo Group’s sales is also expected to grow in 2014, however, exact sales is exposed to changing exchange rates.” 16

CRAMO PLC ANNUAL GENERAL MEETING OF SHAREHOLDERS 1 April 2014

Resolution on the use of the profit shown on the balance sheet and the payment of dividend • The Board of Directors proposes to the Annual General Meeting of Shareholders that a dividend of EUR 0.60 per share be paid for the financial year 1 January – 31 December 2013. • The dividend will be paid to shareholders registered in the shareholders’ register of the Company held by Euroclear Finland Ltd on the record date of the dividend payment, 4 April 2014. The dividend will be paid on 11 April 2014. 18