Jaakko Pöyry Group Company Presentation For more information:

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1 Jaakko Pöyry Group Company Presentation 25 For more information:

2 Global consulting and engineering Core operations based on three know-how clusters: Forest Industry, Energy and Infrastructure & Environment Global market leader in Forest Industry Strong international position in Energy, Infrastructure & Environment Global coverage with 53 experts in their fields Extensive local office network in 42 countries 2

3 Strategy Focus on three core sectors: Forest Industry, Energy, Infrastructure & Environment Business concept based on providing innovative and value-added products and solutions, and a full range of services Global network company with a strong local commitment Continuous growth of core business areas through consolidation within consulting and engineering Sustainable profitability improvement (EPS, ROI %, gearing %) 3

4 Business concept Jaakko Pöyry Group is the preferred supplier for its clients Lifecycle concept: consulting, engineering, PM/CM, maintenance engineering, O&M Deep understanding of clients business processes Best available technology combined with local know-how Business idea Approval of investment proposal Plant take-over Plant development Development Implementation Production Rationalisation Feedback 4

5 Net sales EUR million Infrastructure & Environment Energy 2 Forest Industry 1 Forest Industry, new investments 12% annual growth

6 Net sales by market area 23 EUR million 24 EUR million Asia 14 % North America South America 4 % 6 % Other 6 % Asia 15 % North America 4 % South America 5 % Other 5 % The Nordic Countries 27 % The Nordic Countries 26 % Europe 43 % Europe 45 % 6

7 Net sales EUR million Consulting and engineering EPC 7

8 Profit before extraordinary items and net profit EUR million Profit before extraordinary items Net profit 8

9 Forest Industry Business focus 24 Business focus 25 Local services Regain consulting profitability Market position in North America Local services Profitability in North America Emerging markets 9

10 Forest Industry Net sales and operating profit EUR million EUR million 2 2 EUR million 1 Order stock Net sales Operating profit 1

11 Energy Business focus 24 Business focus 25 Profitability Regain growth: organic and M&A s Develop know-how base Profitability improvement Emerging markets Continue the growth: organic and M&A s 11

12 Energy Net sales and operating profit EUR million EUR million EUR million 2 16 Order stock Consulting & eng. Operating profit EPC Consulting & engineering EPC 12

13 Infrastructure & Environment Business focus 24 Business focus 25 Growth Central Europe Asia Growth German profitability Emerging markets 13

14 Infrastructure & Environment Net sales and Operating profit Order stock EUR million 15 EUR million 1 EUR million Net sales Operating profit 14

15 Financial targets and performance 2-24 Profitability Target on average EBT, EUR million ROI, % > 2. Earnings EPS EPS, annual growth, % > 15. Balance sheet Gearing,% < 3. Dividend Dividend, EUR Pay-out ratio, % , > 5. 15

16 Financial position and dividend Dividend of EUR 1.2 per share. Pay-out ratio 92.3%. Liquidity will also be used to expand operations through acquisitions, to further develop current operations and to expand the office network. 16

17 Order stock EUR million Consulting and engineering EPC 17

18 Business focus 25 Continued profitability improvement Global Network Company enhancement Targeted acquisitions (local service, market position, technology know-how) Implementation of strategies for emerging markets 18

19 Impact of IFRS Standards STATEMENT OF INCOME 24 EUR million Pension expenses from benefit plans -2. Expenses from option programmes -.7 Depreciation of consolidation goodwill 4.9 Change in deferred tax receivables -.5 Total +1.7 BALANCE SHEET December 31, 24 EUR million Finance lease assets 1. Financial assets, value decrease -.2 Deferred tax receivables 4.9 Assets from benefit plans 6.7 Other -.2 Total 12.2 Change in equity 9.1 Finance lease liabilities 1. Liabilities from benefit plans 2.1 Total

20 Prospects 25 Forest Industry: Operating profit will increase slightly. Energy: Operating profit will improve. Infrastructure & Environment: Operating profit will remain stable. Jaakko Pöyry Group: Consolidated net sales will grow during 25. Consolidated earnings before extraordinary items are estimated to improve. 2

21 Appendices

22 Division of sales by business group 1 % 9 % 8 % 7 % Infrastructure & Environment 6 % 5 % Energy 4 % 3 % 2 % Forest Industry 1 % %

23 Dividend/share and pay-out ratio EUR 2, % 1 1,6 8 1,2 6,8 4,4 2, Dividend/share Pay-out ratio, % 23

24 Return on investment %

25 Net debt/equity ratio (gearing) % Target below 3% 25

26 Equity ratio %

27 Financing EUR million Cash in hand and at banks Interest-bearing liabilities Net cash 27

28 Capital expenditure EUR million Operating Shares 28

29 Net sales by business group EUR million Forest Industry Energy Infrastructure & Environment

30 Operating profit by business group EUR million Forest Industry Energy Infrastructure & Environment

31 Order stock by business group 23 EUR million Infrastructure & Environment 35 % 24 EUR million Infrastructure & Environment 32 % Forest Industry 27 % Forest Industry 22 % Energy 38 % Energy 46 % 31

32 Personnel, total 539 By business group By market area Infrastructure & Environment 32 % Other 1 % Europe 36 % Asia 11 % North America South 4 % America 4 % Other 1 % Energy 28 % Forest Industry 39 % The Nordic Countries 44 % 32

33 Jaakko Pöyry Group s position within the sectors Market share Forest Industry Energy Infrastructure & Environment Size of the market 33

34 Growth through acquisitions Consolidation trend in the consulting and engineering sector Experience in acquiring tens of companies Acquisition track record e.g. 24 Verbundplan, Austria 24 AQUATIS, Czech Republic 24 CMC-Yhtiöt, Finland, the Baltic countries 23 NLK Consultants, Canada 23 ILEX Energy Consulting, Great Britain 22 ABGS, Canada 22 Heusch-Boesefeldt, Germany 21 Rigel Konsult i Gävle, Sweden 2 Bridge business of VCE, Taiwan 1999 Beture Environnement and Beture-Cerec, France Electrowatt Engineering, Switzerland 1997 Marathon Engineers/Architects/Planners, USA and several smaller acquisitions 34

35 Polarization of the technical consulting sector Global, diversified products Local, limited number of products Price competition Scale of economies Consolidation 1 5 Employees 35

36 Shareholders and shares Per cent of December 31, 24 Number shares and of shares voting rights Corbis S.A , Procurator Oy , Varma Mutual Pension Insurance Company ,5 Sampo Life Insurance Company Ltd 28 2, Odin Norden ,8 Placeringsfonden Aktia Capital ,8 Nordea Life SecuritiesFinland Ltd ,8 Suomi Mutual Life Assurance Company , Odin Finland 121 4,9 Nordea Nordic Small Cap Investment Fund 1 75,7 Shares nominee register ,8 Other owners ,7 Total , 36

37 Share price and market capitalisation EUR 25, Share price EUR million 35 Market capitalisation 2, , 2 1, , ,

38 Trading volume of shares 1 shares million 1.7 million /2 9/2 3/3 9/3 3/4 9/4 38

39 Research coverage Cazenove, London Carnegie, Helsinki Enskilda Securities, Helsinki eq Bank, Helsinki Evli Bank, Helsinki Impivaara Securities, London Kaupthing Sofi, Helsinki Mandatum Stockbrokers, Helsinki Opstock Securities, Helsinki 39